Packaging Jars Market: On the Horizon for Exponential Growth, Aiming to Achieve a Valuation of US$ 43,974.3 Million by 2032

Packaging Jars Market

With a moderate-paced Compound Annual Growth Rate (CAGR) of 2.9% expected throughout the forecast period, the global packaging jars market is currently valued at US$33,040.4 million in 2022. Projections indicate a substantial increase, foreseeing the market value to reach US$43,974.3 million by 2032. This growth is driven by factors such as evolving consumer preferences, innovations in packaging designs, and the heightened focus on sustainability. As industries continue to adapt to changing market dynamics, the packaging jars market positions itself to meet the demands of a diverse and expanding consumer base, showcasing resilience and adaptability in the coming decade.

The emerging economies are witnessing an increase in female workforce, which calls for ready-to-use food, beverages, cosmetics, personal care products, and – pharmaceuticals. The challenges faced by various verticals include moisture and long distance transportation. They could be addressed well through packaging jars. The packaging jars market is thus expected to witness a stellar growth in the forecast period.

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At the same time, the fact that flexible packaging solutions are taking over rigid packaging jars can’t be ignored. Also, raw materials, especially the sustainable ones, are witnessing volatility in prices. There are also issues regarding recycling these rigid jars. These factors could restrain the packaging jars market in the forecast period. Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘Packaging Jars market’. It has worked on both – micros and macros herein.

Market Drivers:

  1. Growing Consumer Demand for Convenience:
    • Consumers are increasingly seeking convenient packaging solutions, and jars offer a practical and user-friendly option for various products. The demand for packaging that enhances ease of use and storage can drive the market for packaging jars.
  2. Rising Demand for Sustainable Packaging:
    • With an increasing focus on environmental sustainability, there is a growing demand for eco-friendly packaging options. Packaging jars made from recyclable or biodegradable materials can attract environmentally conscious consumers.
  3. Food and Beverage Industry Growth:
    • The food and beverage industry is a significant consumer of packaging jars. As the global population continues to grow, there is a parallel increase in demand for packaged food and beverages, driving the need for diverse packaging solutions, including jars.
  4. Innovation in Packaging Design and Materials:
    • Technological advancements in packaging materials and design contribute to the growth of the packaging jars market. Innovations such as smart packaging, improved barrier properties, and aesthetically pleasing designs can attract consumers and drive market growth.

Market Restraints:

  1. Cost of Raw Materials:
    • Fluctuations in the prices of raw materials, such as glass or plastic used in manufacturing jars, can impact production costs. High and volatile material costs may pose challenges for manufacturers and potentially lead to increased product prices.
  2. Regulatory Compliance and Standards:
    • Compliance with evolving regulatory standards and environmental regulations can be a restraint. Packaging manufacturers must adapt to changing regulations, which may involve adjustments to materials, processes, and labeling.
  3. Competition from Alternative Packaging Solutions:
    • Packaging jars face competition from alternative packaging solutions such as pouches, cartons, and flexible packaging. The market may be influenced by the preferences of brands and consumers for different packaging formats.
  4. Impact of Economic Conditions:
    • Economic downturns can influence consumer spending habits and impact the packaging industry. During periods of economic uncertainty, there may be a slowdown in demand for certain packaged goods, affecting the packaging jars market.

Key Takeaways from Packaging Jars Industry

  • North America and Europe are at the matured stage of packaging jars market and the situation is expected to persist even in the forecast period.
  • The Asia-Pacific is expected to witness growth of packaging jars market at the fastest pace with Australia, Japan, India, and China holding the baton.
  • LATAM is also expected to pick up pace herein with Brazil taking the top brass.

Competitive Jars

  • Owens-Illinois, in January 2021, went on records to state that it has revived the initially idled furnace stationed at Waco (Texas). This was the outcome of rising demand for jars to pack alcoholic beverages.
  • Graham Packaging, in January 2021, came up with a novel website to mark its corporate identity. The company’s objective is that of re-introducing itself for reinstating and elevating commitment toward sustainable and smart packaging to adhere to environmental-friendliness.
  • ALPLA Group, in August 2021, announced that it had acquired Wolf Plastics Group for enhancing the product portfolio, thereby making itself present in South-eastern and Central Europe.
  • Saverglass, in November 2021, did open a new-fangled 430K square foot multi-service warehouse in Fairfield (California) for providing quick access to alcohol- and wine-producing companies for glass bottle services.
  • Verescene, in November 2021, announced launching Verre Infini 20 (Infinite Glass). It comes across as a new-fangled glass composition for expanding its PCR1 glass manufacturing capabilities all over. As of now, the production is carried out in Spain and France, and is likely to be implemented in South Korea in 2023 and the US in 2022.
  • Vitro, in October 2021, announced investing US$ 70 Mn to construct a novel container furnace at Vitro plant in Toluca (Mexico).

“With increased urbanization, the demand for on-the-go products with reduction in downtime (say – in terms of cooking) is expected to increase. This factor is bound to record marked growth of packaging jars market in the near future”, says an analyst from Future Market Insights.

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Some of the key companies in the market are:

  • Owens Illinois Group Inc.
  • Amcor Ltd
  • Owens Bottle Company
  • Berry Global Inc.
  • Graham Packaging Company Inc.
  • Ball Corporation
  • Silgan Holdings Inc.
  • AG Poly Packs Ltd.
  • Olcott Plastics, Inc.
  • Cospak Pty Ltd.
  • Beatson Clark.
  • Great Western Containers Inc
  • Ajanta Bottle Pvt Ltd

What Package does the Packaging Jars Industry get?

  • Future Market Insights offers an exclusive perspective and various real-time insights on the packaging jars market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
  • The research study is based on material type (plastic (polyethylene (PE), HDPE, LDPE, polyethylene terephthalate (PET), polycinyl chloride (PVC), polystyrene (PS), polypropylene (PP), ethyl vinyl alcohol (EVOH) and glass), by product type (straight sided, snap top, domed based, taped jars, and others), by capacity (small size (less than 10 oz), medium size (10 oz to 30 oz), large size (30 oz to 100 oz), and very large size (100 oz & above), and by end-user (food and beverages, cosmetics and personal care, home care, pharmaceuticals, chemicals and lubricants, and others).
  • Packaging jars go well with reactive and volatile products. Also, they are reported to be more durable. These factors would render the packaging jars market indispensable in the near future.

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Key Segmentations-

By Material Type :

  • Plastic
    • Polyethylene (PE)
    • HDPE
    • LDPE
    • Polyethylene Terephthalate (PET)
    • Polyvinyl Chloride (PVC)
    • Polystyrene (PS)
    • Polypropylene (PP)
    • Ethyl Vinyl Alcohol (EVOH)
  • Glass

By Product Type:

  • Straight Sided
  • Snap-Top
  • Domed Based
  • Taped Jars
  • Others

By Capacity:

  • Small Size (Less than 10 oz)
  • Medium Size (10 oz to 30 oz)
  • Large Size (30 oz to 100 oz)
  • Very Large Size (100 oz & above)

By End User:

  • Food and Beverages
  • Cosmetics and Personal Care
  • Home Care
  • Pharmaceuticals
  • Chemicals and Lubricants
  • Others

By Region:

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

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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Biotherapeutics Virus Removal Filters Market Set to Soar, Anticipated to Attain US$ 972.6 Million by 2033-FMI Projection

The biotherapeutics virus elimination filters market is expected to rise significantly, with 2023 being identified as a pivotal year. Recent industry statistics indicate that the market demand is anticipated to grow significantly from earlier projections to reach US$ 451.2 million in 2023. Furthermore, it is projected to grow at a remarkable 8.0% Compound Annual Growth Rate (CAGR) from 2023 to 2033, when the market is expected to be valued US$ 972.6 million.

Biotherapeutic products have witnessed increasing demand in the healthcare industry, particularly in the fields of biotechnology and pharmaceuticals. However, with the immense potential for groundbreaking therapies comes the pre-determined risk of contamination by viruses. The biotherapeutics virus removal filters play an indispensable role in ensuring the safety and purity of these products, a function that continues to fuel market growth.

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Key Drivers of Market Growth:

1. Technological Advancements: Continuous advancements in healthcare technology have led to the development of more efficient and reliable virus removal filters, which have subsequently boosted their adoption.

2. Growing Demand for Biotherapeutics: The increasing prevalence of biotherapeutic products in various therapeutic areas, including oncology, immunology, and infectious diseases, has surged the demand for virus removal filters.

3. Risk Mitigation: The biotechnology and pharmaceutical sectors have become increasingly aware of the risks associated with virus contamination. This awareness has driven companies to invest in advanced virus removal solutions to ensure product safety.

4. Regulatory Compliance: Stringent regulatory requirements regarding the safety and purity of biotherapeutic products have created a strong demand for virus removal filters to meet these standards.

From 2018 to 2022, the market exhibited a Compound Annual Growth Rate (CAGR) of 5.8%, reflecting steady progress. However, the anticipated growth of 8.0% from 2023 to 2033 signifies a period of accelerated expansion. This trajectory underlines the vital role that virus removal filters play in the healthcare industry, securing the safety and efficacy of biotherapeutic products.

Stakeholders, including manufacturers and healthcare providers, are encouraged to embrace this transformative technology to further enhance the quality of biotherapeutic products and contribute to improved patient outcomes.

Key Players in the Global Market

  • Pall Corporation
  • Z-Medica LLC
  • Asahi Kasei Corporation
  • Merck KGaA
  • Sartorius AG

Biotherapeutics Virus Removal Filters Market Segmentation

By Technology:

  • Size Exclusion Technology
  • Depth Filtration Technology

By Application:

  • Monoclonal Antibodies
  • Blood & Plasma
  • Enzymes
  • Proteins

By End-user:

  • Biopharmaceutical Companies
  • Clinical Research Organizations
  • Academic Institutions
  • Others

By Region:

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

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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

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Direct-to-Consumer Genetic Testing Market Charting the Path to a US$ 4,843.4 Million Horizon by 2033-FMI Projection

After hitting US$ 1,485.1 million in 2022, the worldwide direct-to-consumer genetic testing market is expected to be valued US$ 1645.5 million in 2023. Future Market Insights projects that the smart agricultural solution market will grow at a compound annual growth rate (CAGR) of 11.40% between 2023 and 2033, with a projected market value of around US$ 4,843.4 million at that point.

Increased income levels in developing countries are expected to drive the growth of the direct-to-consumer (DTC) genetic testing market, while an increase in the cost of DTC genetic testing is expected to drive the growth of the DTC genetic testing market over the forecast period.

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Key Takeaways:

  • The global direct-to-consumer genetic testing market is expected to grow at a CAGR of 11.2% from 2022 to 2032 and is likely to reach US$ 4.0 Billion in 2032.
  • The global direct-to-consumer genetic testing (DTC-GT) market grew at a CAGR of 9.8% between 2017 and 2022.
  • Direct-to-consumer genetic testing (DTC-GT) market grew at a CAGR of 15.6% and held about US$ 8.0 Billion of the global genetic testing market in 2021.
  • North America holds a major portion of the market with a value share of 48.2%.
  • The United States holds a direct-to-consumer genetic testing market share of about 42.9%.
  • Japan is said to hold an important part of the market with a value share of 6.3%.
  • China market is said to grow at a CAGR of 12.7% in East Asia.
  • India uses genetic screening services growing at a CAGR of 15.3%.
  • The Australian market is expected to expand at a CAGR of 8.9%.
  • Germany is set to exhibit a CAGR of nearly 7.1% in Europe where it holds 32.7% of the market share.
  • United Kingdom is likely to grow at a CAGR of 11.8%.
  • Ancestry tests segment exhibited high growth at a CAGR of 10.9%, with a projected share of about 38.2% in the global market in the same year.
  • The single nucleotide polymorphism chips segment held a market share of around 64.5% and is expected to showcase gradual growth over the forecast period.
  • The saliva segment held a direct-to-consumer genetic testing market share of 67.0%.
  • The retail sales segment held the highest direct-to-consumer genetic testing market share of nearly 79.5%.

“Usage of genetic marketers for affirming the existence of kinship relationships acts as one of the major opportunities in direct-to-consumer genetic testing manufacturers,” – comments an Analyst at Future Market Insights (FMI).

Competitive Landscape:

Some of the prominent players in the global market are:

  • 23andMe
  • Ancestry DNA
  • Color Genomics, Inc.
  • Genetic Technology (EasyDNA)
  • Full Genomes Corporation, Inc.
  • Helix OpCo LLC
  • IDENTIGENE, LLC/ DNA Diagnostics Center
  • Living DNA Ltd
  • MyHeritage Ltd
  • Prenetics Limited
  • Family Tree DNA
  • Interleukin Genetics/orig3n
  • Counsyl/Myriad Genetics, Inc.
  • Veritas Genetics
  • Fulgent Genomics

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Some of the recent industry developments in the global direct-to-consumer genetic testing market are:

  • In May 2023, 23andMe offers a trove of information about your genetics and deeper ancestry where this top DNA testing service also provides checks for genetic health risks and your carrier status for many conditions.

More Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the direct-to-consumer genetic testing market providing historical data for 2017 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the direct-to-consumer genetic testing market is segmented based on major by By Product: (Pharmacogenetics Tests, Carrier Screening Tests, Genetic Health Risk (GHR) Tests, Cancer Predisposition Tests, Low-Risk General Wellness Tests, Ancestry Tests), By Technology: (Single Nucleotide Polymorphism Chip, Whole Genome Sequencing), By Sample: (Saliva, Urine, Blood), By Sales Channel: [(Institutional Sales- Hospitals, Specialty Clinics, Diagnostic Laboratories, Others), (Retail Sales- Retail Pharmacies, Online Sales)], By Region: (North America, Latin America, Europe, South Asia, East Asia, Oceania, The Middle East and Africa)

Market Outlook by Categorization:

By Product:

  • Pharmacogenetics Tests
  • Carrier Screening Tests
  • Genetic Health Risk (GHR) Tests
  • Cancer Predisposition Tests
  • Low-Risk General Wellness Tests
  • Ancestry Tests

By Technology:

  • Single Nucleotide Polymorphism Chip
  • Whole Genome Sequencing

By Sample:

  • Saliva
  • Urine
  • Blood

By Sales Channel:

  • Institutional Sales
    • Hospitals
    • Specialty Clinics
    • Diagnostic Laboratories
    • Others
  • Retail Sales
    • Retail Pharmacies
    • Online Sales

By Region:

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

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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Box Pouch Market Soars: Projections Show a Surge to US$ 728.65 Million by 2033, Reshaping the Landscape of Packaging Solutions

Box Pouch Market

Expected to be valued at US$ 506.68 million in 2023, the global box pouch market is poised to witness substantial growth, reaching an estimated US$ 728.65 million by 2033. The escalating demand for box pouches is projected to exhibit a consistent average Compound Annual Growth Rate (CAGR) of 3.7% throughout the forecast period. This surge is attributed to the versatility and convenience offered by box pouches across various industries, contributing to their widespread adoption and the market’s overall expansion as a preferred packaging solution for a diverse range of products.

In recent years, the box pouch market in Asia Pacific has witnessed remarkable growth, establishing itself as a prominent player on the global packaging stage. This surge is fueled by a heightened demand for convenient and environmentally friendly packaging solutions, spurred by rapid urbanization, increasing disposable incomes, and evolving consumer preferences across the region. As Asia Pacific continues to embrace innovation in packaging, the market’s expansion reflects a pivotal shift towards sustainability and user-friendly designs, indicating a dynamic landscape where the region not only keeps pace with but also influences the trajectory of the worldwide packaging sector.

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The box pouch industry is expected to grow steadily due to its increasing adoption in the food and beverage, pharmaceutical, and pet industries. Additionally, the pouch’s convenient design, extended shelf life, and eco-friendly attributes force its popularity among consumers and manufacturers, promoting market expansion for box pouch.

E-Commerce Explosion: Harnessing Opportunities for Box Pouch Packaging

The box pouch market presents several exciting opportunities for industry players and investors. Also, the increasing demand for eco-friendly and sustainable packaging solutions offers a chance to develop and market environmentally conscious box pouches.

The surge in online shopping and the need for efficient packaging solutions create a vast market for e-commerce packaging. Moreover, the food and beverage sector and pet food and personal care industries seek innovative packaging formats, providing opportunities for product diversification.

The potential to expand into emerging markets, such as Asia Pacific and Latin America, allows companies to tap into new customer bases and move global growth in the box pouch industry.

The Quest for Eco-Friendly Solutions: Sustainability Challenges in Packaging

The market faces several challenges that impact its growth and sustainability. One key concern is the increasing environmental consciousness, fueling the demand for eco-friendly and recyclable packaging solutions. This requires manufacturers to invest in research and development to create biodegradable materials without compromising functionality and cost-effectiveness.

Fluctuating raw material prices and supply chain disruptions can hinder the industry’s stability. Further, intense market competition and the need for constant innovation make it crucial for companies to stay ahead of evolving consumer preferences and industry trends. The market must address these challenges to maintain its competitiveness and meet future demands.

Regional Outlook

The regional outlook for the box pouch market showcases a dynamic landscape with diverse growth prospects. In Europe, the market remains strong, propelled by innovative designs and increased consumer demand for convenient and sustainable packaging solutions.

Asia Pacific is experiencing remarkable expansion due to rapid urbanization, population growth, and a rising preference for flexible packaging options.

North America’s box pouch industry maintains steady growth, driven by technological advancements and a focus on eco-friendly materials. Latin America and the Middle East witness emerging opportunities, leveraging their expanding retail sectors. Overall, the global box pouch market is set to experience continued growth, with different regions contributing their unique strengths to the industry.

Key Takeaways

  • North America accounted for 20% of the box pouch market in 2022 and is expected to develop over the forecast period.
  • With nearly 18% market share for box pouches, Europe is the primary contributor with the most notable pace of growth.

Retailers and Manufacturers Embrace Box Pouches for Enhanced Supply Chain Efficiency

Competition in the box pouch market is fierce as companies vie for market share in the significantly expanding packaging sector. Key players continuously innovate to offer unique features, eco-friendly materials, and cost-effective solutions. Brands focus on differentiation and consumer preferences to stay ahead in this competitive landscape.

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Leading Box Pouch Manufacturers

  • Accredo Packaging, Inc.
  • Totani Corporation
  • Ampac Holdings LLC
  • Flex Pack Ltd.
  • Mondi Group
  • Swiss Pac Pvt. Ltd.

Novel Strategies

  • Partnership

In August 2022, Mondi and Henkel developed a new reusable packaging idea to help consumers wash dishes sustainably. They worked together to make all packaging recyclable or reusable and help Henkel reduce virgin plastic derived from fossil fuels by 50% by 2025.

  • Launch

Clondalkin Flexible Packaging Grootegast’s cutting-edge stand-up pouch launched in Feb 2020 for Bayer’s Minigustos brand, offering premium, and tasty, crunchy, visually appealing snack vegetables with extended shelf life. The brand’s debut product is the snack cucumber.

Key Segmentations

By Product Type:

  • Flat Bottom Full Gusset
  • Flat Bottom Terminated Gusset
  • Pinch Bottom
  • Flat Top & Bottom

By End User:

  • Pet Food & Treats
  • Confectionery
  • Tea & Coffee
  • Dried Fruits & Nuts

By Closing Type:

  • Press-to-close Zipper
  • Hooded Slider Zipper
  • Slide Closure with End Clip

By Region:

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

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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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Mobile Operating Rooms Market Gearing Up for a Surge, Projecting US$ 1,301.8 Million by 2033-FMI Projection

The mobile operating rooms market has been growing at an astounding rate, and 2023 is expected to be a major turning point. Based on current market insights, the market is expected to grow from its estimated value of US$ 858.8 million in 2022 to US$ 889.9 million in 2023. The primary drivers of this expanding trend are the need for telehealth services, greater public awareness of healthcare issues, and increased funding for healthcare.

The global healthcare landscape is undergoing a transformation, with mobile operating rooms emerging as a vital component. The demand for these portable medical facilities is steadily rising, largely due to the convenience they offer in delivering healthcare services where they are needed most. Mobile operating rooms play a crucial role in ensuring timely and efficient medical interventions, particularly in emergencies and remote locations.

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Key Factors Driving Market Growth:

1. Increasing Healthcare Awareness: The global population’s growing awareness of the importance of healthcare and the need for prompt medical services has fueled the demand for mobile operating rooms.

2. Telehealth Expansion: Telehealth has become an integral part of healthcare delivery, and mobile operating rooms are well-aligned with the trend. They enable healthcare providers to deliver remote surgical and medical services, further boosting their appeal.

3. Healthcare Funding: The allocation of substantial funds to healthcare infrastructure development and modernization by governments and healthcare organizations has created favorable conditions for the growth of the mobile operating rooms market.

4. Enhanced Medical Accessibility: Mobile operating rooms are instrumental in improving healthcare accessibility, especially in underserved or remote areas where traditional healthcare facilities may be limited.

Competitive Landscape:

Some of the prominent players working in the global market are-

  • Kentucky Trailer
  • MedCoach
  • Mobile Healthcare Facilities LLC
  • Stryker
  • Odulair LLC.
  • AMoHS, Inc
  • Mobile Medical International Corporation
  • EMS Mobil Sistemler
  • Cerner Corporation
  • McKesson Corporation

Recent Developments by the Leading Players in the Market

  • In December 2016, Methodist Center for Diagnostic Imaging (CDI) was opened in the United States of America to deliver high-quality and cost-effective medical imaging to patients.
  • In January 2017, Envision Healthcare merged with AmSurg Corp. and acquired Emergency Professional Services.
  • In April 2020, the Centers for Medicare & Medicaid Services (CMS) announced recommendations for postponing non-essential surgeries and other procedures in collaboration with medical societies and associations.
  • In December 2020, T.H. Medical announced the acquisition of 45 ambulatory surgery centers from SurgCenter, a key developer of physician-owned centers.
  • In April 2021, HCA Healthcare announced plans to open a new multi-specialty ASC, Willis Surgery Center, by 2022.
  • In November 2022, California-based Adventist Health Mendocino Coast (AHMC) announced a US$ 12 million Oracle Cerner EHR implementation that is expected to increase interoperability across the Adventist Health Network.

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Key Companies:

  • Kentucky Trailer
  • MedCoach
  • Mobile Healthcare Facilities LLC
  • Stryker
  • Odulair LLC.
  • AMoHS, Inc
  • Mobile Medical International Corporation
  • EMS Mobil Sistemler
  • Cerner Corporation
  • McKesson Corporation

Key Segments

By Type:

  • Hospital Affiliated ASCs
  • Freestanding ASCs

By Service:

  • Diagnostic Service
  • Surgical Service

By Sales Channel:

  • Retail
  • Brand Stores
  • E-Commerce

By Region:

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

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.
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Suite 401, Newark, Delaware – 19713, USA
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Wooden & Plywood Packaging Market Flourishing: Envisioning a 4.5% CAGR by 2033

Wooden & Plywood Packaging Market

Envisioned to attain a valuation of US$ 19.1 billion in 2023, the global wooden and plywood packaging market anticipates substantial growth. The market’s overall trajectory is fortified by the artistic and craftsmanship appeal inherent in these packaging solutions, propelling a projected Compound Annual Growth Rate (CAGR) of 4.5% from 2023 to 2033. This trajectory is poised to culminate in a noteworthy market value of approximately US$ 29.6 billion by 2033. The allure of wooden and plywood packaging, blending aesthetic appeal with functional durability, contributes to a promising landscape, positioning the industry for significant expansion in the upcoming decade.

The Asia Pacific region is currently experiencing a remarkable surge in e-commerce and online retail, creating a heightened demand for packaging materials that can withstand the rigors of shipping and handling. In this context, wooden and plywood packaging has emerged as a solution that provides robust protection for products during transit, playing a pivotal role in facilitating the growth of the e-commerce sector.

The region’s rapid urbanization and population growth are significant drivers of demand for a wide range of consumer goods and packaged products. Wooden and plywood packaging materials have proven to be a versatile and customizable option to meet the diverse packaging needs of this expanding and dynamic population.

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Moreover, there is a growing emphasis on sustainability and environmentally friendly practices among governments and businesses in the Asia Pacific region. Wooden and plywood packaging materials align perfectly with these initiatives, as they are renewable, biodegradable, and possess a lower environmental impact compared to conventional packaging materials.

Furthermore, in many Asian countries, wooden and plywood packaging materials hold cultural significance and are associated with tradition, authenticity, and craftsmanship. The aesthetic appeal of these materials can enhance the perceived value of products and resonate strongly with consumers.

As a result, the Asia Pacific region is anticipated to maintain a Compound Annual Growth Rate (CAGR) of 4.3% over the analysis period, underscoring the enduring relevance and importance of wooden and plywood packaging materials in the region’s evolving economic and cultural landscape.

One of the major factors contributing to the growth of the wooden & plywood packaging market is the eCommerce and unboxing experience. The rise of e-commerce has transformed the packaging landscape. Unboxing has become a crucial part of the customer experience, and wooden and plywood packaging offers a tactile and visual appeal that enhances the excitement of receiving a package. The trend has led businesses to invest in unique and memorable packaging solutions to leave a lasting impression on customers.

Heightened concerns about plastic waste and environmental pollution have driven the exploration of alternative packaging materials. Wooden and plywood packaging stands out as a viable option, offering a natural, rustic appearance that appeals to both consumers and businesses looking to make a sustainable choice.

Wooden and plywood packaging provide robust protection for delicate, fragile, or high-value items during transit, reducing the risk of damage. Industries such as electronics, ceramics, and glassware benefit from the cushioning and shock-absorbing properties of wood, ensuring products arrive in optimal condition.

Key Takeaways from the Market Study

  • Global wooden & plywood packaging market was valued at US$ 18.2 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 2.2%.
  • North America is expected to hold a dominant CAGR of 4.4% during the forecast period.
  • By material type, plywood segment within plastic is expected to constitute a CAGR of 4.4% in 2033.
  • On the basis of end user, bakery & confectionery sub-segment of food segment is expected to dominate the market with a CAGR of 4.4% in 2033.
  • From 2023 to 2033, wooden & plywood packaging market is expected to flourish at a CAGR of 4.5%.
  • By 2033, the market value of wooden & plywood packaging is expected to reach US$ 29.6 billion.

Customization and branding, across the globe, is a major factor that is expected to propel the growth of the wooden & plywood packaging market in the near future, remarks an FMI analyst.

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Factors Driving the Market &for Wooden & Plywood Packaging

  1. E-commerce Boom : The flourishing e-commerce and online retail sector in the Asia Pacific region is a primary driver. The need for packaging materials that can withstand the challenges of shipping and handling has significantly increased the demand for wooden and plywood packaging.
  2. Urbanization and Population Growth : Rapid urbanization and a growing population have led to increased demand for various consumer goods and packaged products. Wooden and plywood packaging materials offer versatile and customizable options to cater to the diverse packaging needs of this expanding urban population.
  3. Sustainability Focus : Both governments and businesses in the Asia Pacific region are increasingly prioritizing sustainability and eco-friendly practices. Wooden and plywood packaging align with these initiatives as renewable, biodegradable materials with a lower environmental impact compared to conventional packaging materials.
  4. Cultural Significance : In many Asian countries, wooden and plywood packaging materials carry cultural significance, symbolizing tradition, authenticity, and craftsmanship. This aesthetic appeal can enhance the perceived value of products and strongly resonate with consumers.
  5. Robust Protection : Wooden and plywood packaging materials are valued for their ability to provide robust protection for products during transit, which is crucial for the safety and quality of goods in the supply chain.
  6. Customizability : These materials can be customized to fit various product shapes and sizes, making them a versatile option for a wide range of products.

Competitive Landscape

Prominent players in the wooden & plywood packaging market are

  • Nefab AB,
  • Edwards Wood Products, Inc.,
  • Green Pack Industries,
  • Napa Wooden Box Co.,
  • Ongna Wood Products, Inc.,
  • Shur-way Industries, Inc.,
  • Rowlinson Packaging Ltd,
  • C&K Box Company, Inc.,
  • C Jackson & Sons Ltd.,
  • Bay wood products, Inc.,
  • Arrington Lumber and
  • Pallet Company, and
  • LJB Timber Packaging Pty. Ltd.,
  • among others.

Recent Developments:

  • In 2023, Ongna Wood Products, Inc. opened a new manufacturing facility in China.
  • In 2022, Rowlinson Packaging Ltd. opened a new manufacturing facility in the United States.
  • In 2021, Napa Wooden Box Co. launched its new line of sustainable wooden crates.
  • In the same year, Arrington Lumber and Pallet Company acquired LJB Timber Packaging Pty. Ltd., a leading manufacturer of wooden and plywood packaging solutions in Australia.

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Key Segments Profiled In The Global Wooden & Plywood Packaging Market

By Material Type:

  • Hardwood
    • Oak
    • Teak
    • Maple
  • Softwood
    • Pines
    • Spruces
  • Plywood

By Product Type:

  • Crates
  • Pallets
    • Stringer Pallets
    • Block Pallets
  • Cases & Boxes
  • Bins
  • Barrels
  • Dunnage
  • Others (reels, drums, spools, etc.)

By End User:

  • Food
    • Fruits & Vegetables
    • Bakery & Confectionery
    • Meat, Poultry, & Seafood
    • Ready to Eat
    • Others (Spices & Condiments, etc.)
  • Beverages
    • Alcoholic Drinks
    • Ready to Drink
    • Bottled Water
    • Sports Drinks
    • Carbonated Drinks
  • Healthcare & Pharmaceuticals
  • Chemicals & Petrochemicals
  • Home Care and Personal Care
  • Others (Electrical & Electronics, etc.)

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

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.

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Animal Theme Parks Market Thrives with a Projected US$ 151.8 Million Revenue and an Impressive 5.9% CAGR by 2033 | FMI

The animal theme parks market is forecast to expand at 5.9% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 85.6 million in 2023.

The animal theme park industry is poised for greater growth in the forecast period, as compared to the historical period, which accounted for a 2.7% CAGR. The shift in stats can be attributed to the surging number of people exhibiting interest in wildlife and conservation. These parks provide a distinct experience to visitors where they can notice animals up close, gain knowledge about their behaviors and habitats, and even interact with them.

The emergence of eco-tourism, which endorses responsible travel practices to support conservation efforts, is propelling market growth. In addition, the boom in social media has garnered heightened interest among viewers as visitors share their experiences online, thus creating a domino effect of interest.

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The rapid growth of the tourism industry has also sparked interest in entertainment options like animal theme parks. Moreover, families with kids show a keen interest in visiting animal theme parks as they offer multiple attractions and activities apt for all age groups. With increasing discretionary incomes, more proportion of the population can afford to travel and indulge in leisure activities like going to animal theme parks.

Key Trends in the Animal Theme Parks Market

  • Sustainability Integration: Modern consumers prioritize eco-friendly practices, and animal theme parks are embracing sustainability. From energy-efficient facilities to wildlife conservation efforts, parks are increasingly focused on creating experiences that not only entertain but also contribute positively to the environment.
  • Interactive and Educational Experiences: With a growing emphasis on education and conservation, animal theme parks are incorporating interactive elements to engage visitors. Educational programs, behind-the-scenes tours, and interactive exhibits offer visitors a deeper understanding of wildlife, fostering a sense of responsibility towards conservation.
  • Technology Integration: Cutting-edge technologies such as augmented reality (AR) and virtual reality (VR) are being integrated into animal theme parks to enhance visitor experiences. These technologies not only add an element of excitement but also allow for innovative storytelling, bringing visitors closer to the animal kingdom.
  • Focus on Animal Welfare: Heightened awareness and concerns about animal welfare have led to a shift in the industry. Parks are prioritizing the well-being of their resident animals, with investments in spacious habitats, enrichment activities, and comprehensive healthcare programs. Ethical treatment of animals is becoming a key differentiator for these parks.
  • Culinary Experiences: Beyond traditional attractions, animal theme parks are now placing greater emphasis on culinary experiences. Gourmet dining options featuring sustainable and locally sourced ingredients provide visitors with a unique gastronomic experience while contributing to the overall theme of conservation.

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Top Highlights from the FMI’s Analysis of the Animal Theme Park Market: 

  • In 2022, the North American animal theme park industry acquired a 26% market share in the global market.
  • The European region is projected to gain higher than 23% value share in 2023.
  • The United States wins the maximum market share in comparison to the rest of the competing countries. In 2022, the country contributed 12% market share.
  • The German market shared 6% value with the rest of the world.
  • Japan’s animal theme park industry acquired a 5% market share in 2022.
  • The Australian animal theme park industry captured a 5.5% value share in 2022.
  • The United Kingdom animal theme park industry is projected to gallop at a CAGR of 8.1% over the forecast period.
  • The Indian animal theme park industry is expected to expand at a CAGR of 7.2% over the estimated period.
  • The China animal theme park industry is anticipated to assume a speed of 5.9% CAGR over the next ten years.
  • Based on type, the ocean animal theme park segment is expected to gain more than 55.6% market share in 2023.
  • Under the booking channel, the online booking segment is projected to attain more than 25% market share in 2023.

How are Key Players Drawing in a Pool of Visitors to the Animal Theme Parks?

The emergence of new parks and attractions has intensified the competitive scenario in the animal theme park industry. To attract more visitors to the park, these parks are implementing new and innovative approaches.

Well-established brands such as Universal Studios and Disney enjoy a large fanbase and solid brand recognition, thus attracting more visitors to their animal theme parks.

Key players are integrating the latest technologies like augmented reality, virtual reality, and interactive exhibits to make animal theme parks more immersive and arresting for visitors. Other attractions to these parks include themed and seasonal events, like Christmas and Halloween celebrations. By providing unique experiences, these parks can increase their footfall and generate more revenue.

Key Players

  • Disney’s Animal Kingdom
  • Busch Gardens Tampa Bay
  • Chessington World of Adventures
  • Happy Hollow Park and Zoo
  • Aquatica
  • Sea World
  • Jerusalem Biblical Zoo
  • Bronx Zoo
  • Indianapolis Zoo
  • Night Safari
  • Jurong Bird Park
  • York’s Wild Kingdom
  • Warrawong Sanctuary
  • Bhindawas Wild Life Sanctuary
  • Bhimashankar
  • Elephant Nature Park
  • Others

The Animal Theme Park Market Overview by Category

By Type:

  • Ocean Animal Theme Parks
  • Terrestrial Animal Theme Parks

By Application:

  • Children
  • Adult

By Revenue Model:

  • Ticket
  • Food & Beverage
  • Merchandise
  • Hotels/Resorts
  • Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

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
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Airway Clearance Devices System Market Poised to Thrive with a 6.2% CAGR from 2023 to 2033-FMI Projection

The global airway clearance devices market is expected to expand at a Compound Annual Growth Rate (CAGR) of 6.2% between 2023 and 2033, according to projections. As per the analysis of market researchers, this growth would result in an expected value of US$ 1137.2 million by 2033, up from US$ 624.5 million in 2023.

The airway clearance devices system market is a critical segment within the broader healthcare industry, with a primary focus on respiratory health and lung function. These devices play a pivotal role in assisting individuals with various respiratory conditions, such as chronic obstructive pulmonary disease (COPD), cystic fibrosis, and bronchiectasis, in maintaining optimal lung health. They facilitate the removal of mucus and other secretions from the airways, thus enhancing overall lung function and helping patients breathe more comfortably.

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The market for airway clearance devices is witnessing notable growth, and this is attributed to several factors. There is an increasing awareness of the importance of respiratory health, which has led to a growing demand for these devices. Technological advancements have also played a significant role, making these devices more effective and user-friendly. As the global population continues to age, the prevalence of respiratory conditions is on the rise, further fueling the demand for these devices. Increased healthcare spending, coupled with the expansion of home healthcare services, has provided a conducive environment for the growth of the airway clearance devices system market. This market’s growth not only benefits patients by improving their quality of life but also offers opportunities for manufacturers, healthcare providers, and the broader healthcare industry to contribute to better respiratory care.

Airway clearance devices play a pivotal role in assisting individuals with respiratory conditions to maintain optimal lung health. These devices aid in the removal of mucus and other secretions from the airways, thereby improving overall lung function. The market growth is driven by several key factors:

1. Growing Awareness of Respiratory Health: With a heightened awareness of respiratory health and an increasing prevalence of respiratory diseases, the demand for airway clearance devices is on the rise. These devices are critical in managing conditions such as chronic obstructive pulmonary disease (COPD), cystic fibrosis, and bronchiectasis.

2. Technological Advancements: Ongoing technological innovations in airway clearance devices have improved their effectiveness and ease of use, making them more accessible and user-friendly for patients.

3. Aging Population: The global population is aging, and respiratory conditions are more common in older individuals. As the aging demographic increases, so does the need for airway clearance devices to manage respiratory health.

4. Increased Healthcare Spending: Governments and private healthcare providers are investing more in respiratory care and disease management, further bolstering the demand for airway clearance devices.

5. Expanding Home Healthcare Segment: Home-based care is becoming more prevalent, and airway clearance devices are crucial in allowing patients to manage their conditions from the comfort of their homes.

While the market is set to flourish, it will be essential for manufacturers and healthcare providers to ensure accessibility and affordability to a wider patient base. Regulatory compliance and patient education will also play a significant role in driving the responsible growth of the airway clearance devices market.

With its vital role in respiratory health, the airway clearance devices market is set to witness substantial growth, making it a key segment in the broader healthcare industry in the coming years.

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Key Players :

  • Allergan Plc.
  • Dymedso Inc.
  • Electromed Inc. Ltd.
  • General Physiotherapy Inc.
  • Hill-Rom Holdings, Inc.
  • International Biophysical Corporation,
  • Koninklijke Philips N.V. (Philips)
  • Monaghan Medical Corporation, Inc.
  • PARI GmbH,
  • Thayer Medical

Key Segmentation

By Product Type :

  • Positive Expiratory Pressure
  • Intrapulmonary Percussive Ventilation
  • Oral High-Frequency Oscillation
  • High-Frequency Chest Wall Oscillation
  • Flutter
  • Incentive Spirometry

By End User :

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

Key Regions Covered :

  • North America
    • The United States
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • The United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • Asia Pacific Excluding Japan
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia Pacific Excluding Japan (APEJ)
  • The Middle East and Africa
    • GCC Countries
    • Israel
    • South Africa
    • The Middle East and Africa (MEA)

Author By:

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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
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Thermoform Packaging Market Projected US$ 84.450 Million by 2033: In Depth Research Report

Thermoform packaging is a process used in the manufacturing of packaging solutions where a thermoplastic sheet is heated to a pliable forming temperature, formed into a specific shape using a mold, and then trimmed to create the final package. This packaging method is widely used for various products in industries such as food, pharmaceuticals, electronics, and consumer goods.

The thermoform packaging market size is projected to be valued at US$ 50.390 Mn in 2023 and it is anticipated to surpass US$ 84.450 Mn by 2033. The adoption of thermoform packaging is anticipated to rise at a CAGR of 5.3% during the forecast period.

Anticipated market growth is poised to be driven by an upswing in the availability of convenience foods, with a particular focus on ready-to-eat meals and packaged meat and fish offerings. This momentum is further propelled by the global expansion of organized retail and e-commerce channels, creating a favorable landscape over the projected period. In the thermoforming process, manufacturers subject thermoplastic sheets to elevated temperatures, inducing softening, followed by molding using casts. The iterative application of heat, suction, and compression shapes these sheets into the final products.

Research findings underscore the potential of thermoform packaging to yield cost reductions of up to 15% compared to packaging produced through plastic injection molding. This revelation indicates a promising trajectory for widespread industry adoption in the foreseeable future, signaling positive prospects for the thermoform packaging segment.

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Key aspects related to thermoform packaging:

  1. Thermoplastic Materials:
    • Thermoform packaging utilizes thermoplastic materials such as polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), and others. The choice of material depends on factors like product requirements, barrier properties, and recycling considerations.
  2. Heating and Forming Process:
    • The thermoforming process involves heating a flat thermoplastic sheet to a pliable temperature. The heated sheet is then placed over a mold, and a vacuum or pressure is applied to shape the material according to the mold contours.
  3. Vacuum Forming vs. Pressure Forming:
    • In vacuum forming, a vacuum is applied to draw the heated plastic sheet into the mold cavities. Pressure forming, on the other hand, involves using additional pressure to force the plastic into the mold for more intricate shapes and finer details.
  4. Product-specific Molds:
    • Thermoform packaging requires molds specific to the shape and size of the product. These molds are crucial for achieving consistent and precise packaging for each item.

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Competitive Landscape

Competitors have merged with and acquired other companies in the thermoforming sector, which has helped them boost their market share. Through continual research and development projects, market participants have also been able to incorporate improvements in their goods that allow them to provide sustainability to their clients.

Some of the significant participants that are included in the report are Mondi Group, Placon Corp., Display Pack, Inc., Pactiv LLC, Amcor, Sonoco Products Company, Dart Container Corp., Constantia, Tray-Pak Corp., D&W Fine Pack, Lacerta Group, Inc., RPC Group Plc, Silgan Holdings, Inc., Sinclair & Rush, Inc. Rompa Group.

Recent Developments in the Thermoform Packaging Market

  • In October 2019, COEXPAN unveiled CorePET, a brand-new 100% rPET sheet developed exclusively for the thermoform packaging industry.
  • The Mondi Group created a polypropylene film that is 100% recyclable for use in thermoforming flexible films for modified atmosphere packaging (MAP) and vacuum packaging to extend the shelf life of products like meat and cheese. The device offers a 23% reduction in carbon footprint compared to conventional packaging and is completely recyclable in existing waste streams. The internal barrier layer accounts for less than 5% of the whole structure.
  • Pactiv LLC took the lead in the market in 2020 as a result of its wide range of products, particularly for the food and beverage industry, and strong North American presence.

Segmentation

By Material:

  • PET
  • PVC
  • PS
  • PP
  • PE
  • Others

By Product:

  • Blister
  • Clamshell
  • Skin Packaging
  • Trays & Lids
  • Containers
  • Others

By Heat Seal Coating:

  • Hot Melt-Based
  • Solvent-Based
  • Water-Based

By End User:

  • Food & Beverage
  • Personal Care & Cosmetics
  • Pharmaceuticals
  • Electronics
  • Homecare
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Eastern Europe
  • Western Europe
  • Japan

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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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Pipe Inspection Robot Industry Poised to Surge, Projected Market Value Soars to US$ 13 Billion by 2033

According to a recent survey published by FMI, the global Pipe Inspection Robot market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Pipe Inspection Robot over the coming decade.

The study offers a detailed analysis of the market outlook including governing factors and examines the scope of market across various segments including by Type, Application, End-use & Region. It also offers insights into vital dynamics and their impact on the market across 7 regions and more than 20 countries.

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Advent of Industry 4.0 Technology to Create New Growth Avenues for the Pipe Inspection Robot Market

Industrial sector is witnessing revolution as manufacturers across the world are extensively emphasizing towards adopting incorporating advanced automation, This is commonly being referred to as Industry 4.0.

With the emergence of industry 4.0, manufacturing facilities are emphasizing on adopting novel technologies such as artificial intelligence, smart manufacturing, internet of things (iot), and machine learning among others. This is expected to create lucrative growth opportunities in the Pipe Inspection Robot market.

Additionally, increasing government emphasis building a better manufacturing sector and integration of augmented and virtual reality using smart equipment to enhance the output is estimated to propel the demand in the market for coming years.

Key Pipe Inspection Robot Market Takeaways and Projections

  • The U.S. is estimated dominate the Pipe Inspection Robot market in North America, accounting for the largest share in the region through 2033.
  • Germany is projected to account for a significant share in the Europe market over the assessment period.
  • China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2023 and 2033
  • India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
  • In terms of Type, Application, End-use expected to contribute maximum sales in the market, expanding at a robust CAGR during the coming decade.

Report Benefits & Key Questions Answered

  • Pipe Inspection Robot Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
  • Pipe Inspection Robot Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the pipe inspection robot market. As per the survey, Pipe Inspection Robot sales will project steady growth over the forecast period.
  • Pipe Inspection Robot Market Structure Analysis: The report provides detailed information about tier analysis and the market concentration of the key players in the Pipe Inspection Robot market. It also categories market players as per Tier 1, Tier 2, and Tier 3 and their market presence in terms of their market share and product portfolio.
  • Pipe Inspection Robot Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Pipe Inspection Robot.
  • Pipe Inspection Robot Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.

Competitive Landscape Analysis

The latest study by FMI on the global Pipe Inspection Robot market gives an exhaustive analysis on the development of existing as well as emerging market players. The detailed analysis on the competitive landscape gives the reader an unbiased view on the latest strategies adopted by leading Pipe Inspection Robot market players.

The report also profiles some of the leading players operating in the Pipe Inspection Robot market including:

  •          General Electric
  •          Xylem Inc.
  •          Maxon
  •          Tongren Tuofeng (Beijing) Technology Co., Ltd
  •          Mini-Cam Ltd
  •          RedZone Robotics
  •          Envirosight LLC
  •          Eddyfi Technologies
  •          Wuhan Easy-Sight Technology Co., Ltd
  •          Super Droid Robots, Inc.
  •          IPS Robot
  •          Bominwell Robotics
  •          IPEK International Gmbh
  •          IBAK Helmut Hunger GmbH and Co. KG

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Key Segments

By Type:

  • Wheel In-pipe Inspection Robot
  • Tracked In-pipe Inspection Robot
  • Aerial Drones

By Application:

  • Welding pipe Robot
  • Remote Inspection Robot
  • Scanning System Robot
  • Thickness measuring Robot
  • Others

By End-use:

  • Oil & Gas
  • Sewer Management
  • Water utilities
  • Industrial plants
  • Civic Infrastructure

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Europe
    • Germany, Italy, France, U.K., Spain, BENELUX, Russia
  • South Asia Pacific
    • India, ASEAN, Australia and New Zealand (ANZ)
  • East Asia
    • China, Japan, South Korea
  • Middle East and Africa
    • GCC Countries, Turkey, North Africa, South 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 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   

Future Market Insights Inc.
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