Market Research Blog – Page 3928 – New Product Development

Exploring the Role of Tube Packaging in Pharmaceutical Industry Growth: Market Insights and Trends

The packaging tubes market is witnessing steady growth, with an estimated value of US$ 3.2 billion in 2022, projected to reach US$ 4.4 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period. A study by Future Market Insights reveals that the cosmetics, oral care, and pharmaceutical segments will collectively contribute around US$ 1 billion in incremental opportunities from 2022 to 2028, capturing a substantial 4/5th share of the global market by 2028.

The Asia-Pacific (APAC) region, led by China, is expected to be a major driver of this market, with an estimated 31% market share in 2022. The China packaging tubes market is projected to grow by 7.2% year-over-year in 2022, contributing significantly to the region’s expected total valuation of US$ 1.4 billion by 2028.

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Industry Growth Drivers:

Sustainable Packaging Initiatives: The increasing global focus on sustainability and environmental conservation is a significant driver for the growth of the packaging tubes market. As consumers and businesses alike prioritize eco-friendly practices, the demand for packaging solutions that are recyclable, biodegradable, and use minimal resources has surged. Packaging tubes, often made from materials like paperboard or other recyclable plastics, align with these sustainability goals, driving their adoption in various industries.
E-commerce Boom: The rapid growth of e-commerce has created a substantial demand for effective and secure packaging solutions, propelling the packaging tubes market. Packaging tubes provide durability and protection for a wide range of products during transit, reducing the risk of damage. Their cylindrical shape also makes them convenient for shipping and storage, contributing to their popularity in the e-commerce sector.
Cosmetics and Personal Care Industry Expansion: The cosmetics and personal care industry’s constant innovation and product launches have led to an increased demand for unique and visually appealing packaging. Packaging tubes offer versatility in design, allowing for eye-catching branding and easy dispensing of products like creams, lotions, and gels. The aesthetics and functionality of packaging tubes make them a preferred choice, driving growth within the cosmetics and personal care segment.
Pharmaceutical and Healthcare Sector Demand: The pharmaceutical and healthcare industries require packaging solutions that ensure product safety, hygiene, and ease of use. Packaging tubes meet these criteria by offering tamper-evident features, precise dispensing capabilities, and protection from external contaminants. As these industries continue to expand, the demand for reliable and efficient packaging solutions, such as tubes, is expected to grow.
Customization and Branding Opportunities: Packaging tubes provide ample opportunities for customization, allowing brands to create distinctive and memorable packaging for their products. The ability to print vibrant graphics, logos, and product information directly on the tube enhances brand visibility and consumer recognition. This customization capability is a significant driver as companies seek packaging solutions that not only protect their products but also serve as a powerful marketing tool.

Innovations like bioplastics, which are environmentally friendly and easily degradable, are making headway in the industry. However, challenges such as the availability of alternative packaging systems like sachets and pouches could impede the growth of packaging tubes. Despite these challenges, the market’s expansion is driven by its ability to extend product shelf life, provide superior barrier properties, and protect against external factors like bacteria, light, and oxygen.

In conclusion, the packaging tubes market is poised for growth, driven by key segments and regional markets, though it faces challenges in the form of alternative packaging solutions and environmental concerns.

Key Points Highlighting the Market Trends:

Versatility and Customization: Packaging tubes can be customized in terms of size, shape, color, and printing options, making them suitable for a wide range of products, including cosmetics, pharmaceuticals, food, and personal care items.
Brand Differentiation: Packaging tubes provide ample space for branding and product information, allowing companies to effectively differentiate their products in a crowded marketplace and enhance brand visibility.
Convenience and Portability: The lightweight and portable nature of packaging tubes make them ideal for on-the-go consumers. They are easy to handle, dispense, and carry, providing convenience and practicality.
Product Protection: Packaging tubes offer excellent protection against moisture, light, and oxygen, ensuring the integrity and freshness of the packaged products, particularly in the food and pharmaceutical industries.
Sustainability: With the growing focus on eco-friendly packaging, packaging tubes made from recyclable and biodegradable materials are gaining popularity, catering to the environmentally conscious consumer base.

Overall, the packaging tubes market is witnessing substantial growth driven by versatility, customization options, brand differentiation, convenience, product protection, and the increasing demand for sustainable packaging solutions.

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Laminated Tubes Are Most Likely to Outperform Aluminum Tubes in Terms of Adoption & Growth Rate

Immense ease of use, convenience, and portability will collectively enable laminated tubes to witness healthy traction in near future. As consumers are moving away from rigid packaging formats such as plastic and aluminium-based packaging tubes, they are more inclined towards laminated tube packaging, which is expected to push the performance of laminated tubes in the packaging tubes market in next few years. However, the substitutes such as stick packs, pouches, and sachets may limit this growth, with an advantage in terms of price and convenience. Aluminum tubes, though account for the maximum revenue share, are expected to witness a heavy decline in near future.

‘Premium’ Personal & Beauty Care Products Come in Laminated Tubes

Laminated tubes, which were only considered for packaging of hand lotion, toothpaste, and a series of similar products till a decade ago, are increasingly being embraced by a number of beauty and personal care brands. To harness the most of structural, functional, and design flexibility of laminated packaging tubes, brands are using them for packaging almost every beauty and personal care product on retail shelves. ‘Premiumization’ has been a big trend in personal and beauty care industries, which manifests in a wide range of decorating possibilities and a number of material attributes such as texture. Moreover, it also enables manufacturers to include metallics on tubes and closures, and create virtually seamless, 360 degree decorated packaging tubes.

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Packaging Tubes Market By Category

By product type:

Laminated Tubes
- Plastic Barrier
- Aluminum Barrier
Aluminum Tubes
Plastic Tubes

By capacity:

Up to 50 ml
51 ml to 100 ml
101 ml to 150 ml
Above 150 ml

By closure type:

Stand-up Caps
Nozzle Caps
Fez Caps
Flip-top Caps
Others

By end use:

Cosmetics
- Hair care
- Skin Care
- Others
Oral Care
Commercial
- Sealants & Adhesives
- Lubricants
- Others
Pharmaceuticals
Home & Personal Care
Food
Others

By region:

North America
Latin America
Western Europe
Eastern Europe
Middle East and Africa (MEA)
Asia Pacific (APAC)

Author:

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Global Walk-In Coolers and Freezers Market Set to Reach US$ 14.05 Billion by 2029, Driven by a Steady 5.7% CAGR and the Dominance of Customized Solutions

In a remarkable shift, the global walk-in coolers and freezers market are on track for substantial growth, with a projected valuation of US$ 14.05 billion by 2029. Fueled by the rise of customized solutions, these versatile and adaptable refrigeration units are gaining prominence across diverse industries. With an approximate value of US$ 9.52 billion in 2022, the market is expected to experience a commendable compound annual growth rate (CAGR) of 5.7% between 2022 and 2029.

The driving force behind this surge lies in the escalating demand for tailor-made solutions, a trend that is gaining global traction. The market’s evolution underscores the pivotal role that customized walk-in coolers and freezers play in shaping the trajectory of the industry. Specifically designed to deliver optimum efficiency, reliability, and performance, these bespoke refrigeration solutions offer a myriad of benefits for businesses across various sectors.

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Digitalization and smart technologies continue to influence numerous product developments and demand-side dynamics, and walk-in coolers and freezers are no exception. As consumers show marked preference for efficient yet custom-sized units, manufacturers are leveraging technological advancements to develop unique product features that fulfil specific customer requirements.

According to the study, key players in the walk-in coolers and freezers market also remained focused on improving energy efficiency of their products, considering the continuous changes in energy conservation standards for various commercial and industrial equipment including walk-in coolers and freezers. These players are continuously putting efforts on improving quality of their offerings, while investing in innovative developments that would yield substantial improvements for customers.

Gains Remain High from Commercial Kitchens & Restaurants:

Walk-in coolers and freezers continue to gain high traction from commercial kitchens and restaurants, which are widely used to preserve raw foods and grocery items. As international fast food chains and café outlets continue to explore opportunities in various attractive destinations, demand of walk-in coolers and freezers has been on an upward swing across the globe.

North America and Europe have been the early adopters of commercial kitchens and restaurants; however, they are reaching their saturation point. Walk-in cooler and freezer manufacturers are tapping into opportunities in developing countries in East Asia, where multi-cultural environment, changing eating habits, and rising disposable income have opened avenues of growth for commercial kitchens and restaurants. Moreover, walk-in coolers and freezers market in East Asia is likely to take over the Europe market in the future.

According to the study, newer trends and rapid expansion of retail food & beverage sector also represent a significant source of demand for walk-in coolers and freezers. Picture-perfect stores are gaining high preference among today’s consumers, especially millennials obsessed with social media platforms. Such factor has forced the manufacturers to innovate and enhance the visual appearance of their products without compromising on the operational functions.

Walk-in coolers and freezers with self-contained refrigeration continue to account for higher share as compared to remote condensing and multiplex condensing. Considering the suitability of self-contained refrigeration in almost any application along with ease of service and maintenance, this category also continues to witness higher innovation and investments.

Key Players:

SRC Refrigeration
Parker Hannifin Corp.
TMP Manufacturing Company
Panasonic Corporation
American Panel Corporation
Others

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Key Segments Covered:

Product Type:

Walk-in Cooler
Walk-in Freezer
Combo (Freezer + Cooler)

Place of Use:

Indoor
Outdoor

Technology:

Self-Contained
Remote Condensing
Multiplex Condensing

Door Type:

Hinged
Power Sliding
Manual Sliding

Application:

Cold Storage Warehouse
Breweries
Commercial Kitchen & Restaurants
Floral Storage
Pharmaceuticals
Chemicals
Research laboratories
Hospitals & Mortuaries
Mobile Refrigeration System
Retail Food & Beverage
- Supermarket
- Hypermarket
- Convenience Stores
Other Stores

Sales Channel:

OEM
Aftermarket

Mounting Type:

Floor
Non-floor

Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Extruders and Compounding Machines Market Set to Surpass US$ 18.21 Billion by 2027, Fueled by a Steady 4.7% CAGR

Anticipating a commendable Compound Annual Growth Rate (CAGR) of 4.7% between 2022 and 2027, the extruders and compounding machines market is on a path of sustained expansion. Projections indicate that by 2027, the market is poised to surpass a noteworthy valuation of US$ 18.21 billion, reflecting a substantial increase from its 2022 size of approximately US$ 14.47 billion. This robust growth is underpinned by the widespread adoption of extruders and compounding machines, marking them as indispensable tools across diverse industries.

A pivotal driver propelling this upward trajectory is the global wave of industrialization, coupled with the escalating prevalence of plastics in various applications. Extruders and compounding machines have emerged as crucial components in the manufacturing landscape, providing efficient and automated solutions for tasks that were once labor-intensive and physically demanding. In the contemporary manufacturing milieu, these machines have become essential, empowering industries with heightened production capacities and flexibility to meet evolving consumer preferences.

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Global Extruders and Compounding Machines Market: Dynamics Impacting Growth

Increase in the demand for plastics across several regions in the globe, integration if IIoT in the field of compounding and extrusion, increasing threshold in cable manufacturing sector, increased use of extruders and compounding machines in small and medium scale industries, rising food and beverage sector across the globe especially in emerging economies, increasing trade policies supporting the market’s growth, and increasing demand from construction, consumer goods and packaging industries have supported the growth of the global extruders and compounding machines market.

Factors such as strict government regulations on using non-green machines, problems associated with BREXIT and stringent regulations on plastic products have posed restraints to the market’s growth.

Global View of The Market In A Nutshell:

Global extruders and compounding machines market research report focuses on several trends, drivers, restraints and opportunities across important regions in the globe. This provides a global view of the market covering all key areas thus putting forth an all-inclusive market picture in front of the reader. This research report is expected to support the reader to get an in-depth market understanding and assess various regions with optimum potential in order to slate informed decisions, devise strategies and execute them to achieve an edge over the competition. Also, the research report excludes biasness giving a more realistic angle to the market insights and statistics.

Global Extruders and Compounding Machines Market: Competitive Landscape

The global extruders and compounding machines market research report has included key player analysis covering several facets such as financials, developments, expansion strategies and product portfolios of key companies dealing with extruders and compounding machines. Key companies such as:

Toshiba Machine Co., Ltd.,
The Japan Steel Works Ltd.,
Coperion GmbH,
Battenfeld-Cincinnati,
NFM Welding Engineers, Inc.,
Clextral S.A.S.,
KraussMaffei Berstorff GmbH,
Leistritz AG,
Davis-Standard, LLC,
Theysohn Extrusionstechnik GmbH,
Everplast Machinery Co., Ltd.,
Breyer GmbH,
Rajoo Engineers Limited,
Gneuss Kunststofftechnik GmbH,
Cheng-Hua Machinery Co., Ltd.,
Kabra Extrusion Technik Ltd., and
SML Machine gesellschaftmbH are covered in this research study.

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Extruders and Compounding Machines Market by Category:

By Product Type:

Single Screw
Twin Screw
Ram Extruders

By Application:

Speciality Plastics
PVC Cable
Master Batch Production
Flooring Sheet
Others

By End Use Industry:

Food Industry
Chemical Industry
Plastic Industry
Medical/Pharmaceutical
Others

By Region:

North America
Latin America
Europe
Asia Pacific Excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

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Author:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Unveiling the Growth Trajectory: Projections and Trends in the PET Preform Market from 2024 to 2034

The PET preform market is poised for significant expansion in the coming years, with a projected worth of US$ 17.5 billion in 2024 and an anticipated surge to US$ 26.3 billion by 2034. This growth trajectory is underpinned by several key factors shaping the industry landscape.

Firstly, rising health consciousness among consumers is driving demand for healthier beverage options, including bottled water and natural juices, which extensively use PET preforms for packaging. Moreover, the integration of advanced technologies such as automation and Industry 4.0 practices in manufacturing processes is enhancing efficiency and reducing production costs, thus bolstering market growth.

Furthermore, changing consumer preferences, such as a shift towards functional beverages and premium packaging, present new opportunities for innovation in PET preform design and manufacturing. As packaging continues to play a pivotal role in brand recognition and marketing, companies investing in attractive and unique PET preform solutions are likely to gain a competitive edge in the evolving market landscape.

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Key points highlighting the market trends:

Growing Beverage Industry: The beverage industry’s increasing consumption of carbonated drinks, juices, water, and other beverages is fueling the demand for PET preforms globally.
Shift from Glass to PET: The packaging industry is witnessing a shift from traditional glass bottles to lightweight and shatter-resistant PET bottles. This transition is driving the demand for PET preforms.
Technological Advancements: Advanced manufacturing techniques, such as injection molding, have led to improved production efficiency and better quality control in PET preform manufacturing, thereby propelling market growth.
Sustainable Packaging Solutions: PET preforms are preferred by environmentally conscious consumers due to their recyclability and lower carbon footprint compared to other packaging materials. This eco-friendly aspect is boosting their demand.
Emerging Economies: Developing economies in Asia-Pacific and Latin America are witnessing rapid urbanization and changing consumer preferences, leading to increased consumption of packaged goods and subsequently driving the PET preforms market.

Overall, the PET preforms market is poised for steady growth due to the expanding beverage industry, technological advancements, and the growing emphasis on sustainable packaging solutions.

Key Takeaways from the Report

PET preforms for bottles with capacity up to 500 ml to 1000 ml are expected to be the most lucrative segment by capacity type, during the forecast period of 2020-2030
Beverages industry is expected to be the largest consumer of global PET preforms demand by 2030 year end
Besides beverages, manufacturers across industries such as food, pharmaceutical, and home care too are taking steps towards sustainability, in turn fuelling demand for PET preforms for packaging
North America is the most lucrative market for PET preforms, closely followed by Europe
East Asia is expected to see the highest growth during the forecast period

“At a time when regulations are implemented to curb dependence on plastics for packaging, manufacturers within the PET preforms market are exploring recyclability of the material to stay relevant. PET remains widely used plastic today and manufacturers are focusing on various applications of recycled PET to counter threats” said a lead analyst at FMI.

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Growth Opportunities:

Increasing Beverage Consumption: The growing demand for bottled water, carbonated drinks, and other beverages globally is fueling the demand for PET preforms as a key packaging solution.
Shift Towards Sustainable Packaging: With a rising emphasis on environmental sustainability, there is a shift towards PET preforms for their recyclability and lightweight nature, presenting an opportunity in eco-friendly packaging solutions.
Technological Advancements: Ongoing innovations in PET preform manufacturing technologies, such as advanced injection molding techniques and barrier technologies, create opportunities for improved product quality and production efficiency.
Emerging Markets: The expanding middle class in emerging markets, particularly in Asia and Latin America, is contributing to increased consumption of packaged beverages, driving the demand for PET preforms.
Customization and Design: The demand for customized and aesthetically appealing packaging is on the rise, presenting an opportunity for manufacturers to offer PET preforms in various shapes, sizes, and designs to cater to diverse consumer preferences.

Industry Trends in PET Preforms:

Focus on Lightweighting: Industry trends indicate a continuous focus on lightweighting PET preforms to reduce material usage, transportation costs, and environmental impact, aligning with sustainability goals.
Integration of Recycled Materials: With a growing emphasis on circular economy practices, there is a trend towards incorporating recycled PET (rPET) in the manufacturing of preforms, addressing concerns related to plastic waste.
Smart Packaging Solutions: Integration of smart packaging technologies, such as QR codes and RFID, into PET preforms is becoming a trend, enabling improved traceability, product authentication, and consumer engagement.
E-commerce Packaging Solutions: The rise of e-commerce is influencing packaging trends, and PET preforms are being adapted to meet the specific requirements of online retail, ensuring product safety during transportation and enhancing the consumer unboxing experience.
Regulatory Compliance and Safety: Adherence to stringent quality standards and regulatory requirements, especially in the food and beverage industry, is a prevailing trend, driving advancements in PET preform manufacturing processes to ensure safety and compliance with global regulations.

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Key Segments:

By Capacity:

Up to 500 ml
500 ml to 1000 ml
1000 ml to 2000 ml
More than 2000 ml

By Neck Type:

ROPP/BPV
PCO/BPF
Alaska/Bericap/Obrist
Others

By End-use:

Beverages
- Bottled Water
- Carbonated Drinks
- RTD Tea & Coffee
- Juice
- Sports Drinks
- Other Soft Drinks
- Alcoholic Drinks
Food
Personal Care
Pharmaceuticals
Home Care
Others

By Region:

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

Author

About Future Market Insights (FMI)

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

Global Retail Printers Market Aims for Exceeding US$ 4.9 Billion by 2026 with a Resilient 6.7% CAGR

In 2022, the global retail printers market is poised to reach a significant milestone, projecting sales of US$ 3.8 billion. Embarking on a trajectory of substantial growth, the market is fueled by a robust Compound Annual Growth Rate (CAGR) of 6.7%, setting the stage for a remarkable valuation exceeding US$ 4.9 billion by 2026.

Central to this upward trajectory is the industry’s commitment to sustainable practices, as manufacturers of retail printing solutions strategically shift their focus toward eco-friendly and environmentally responsible systems. This strategic pivot responds to escalating concerns about the environmental impact associated with traditional printing methods.

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As the competition in the retail sector is becoming more and more intense, retailers are concentrating on offering a personalised experience to their customers which streamlines their activity in the store and offers them a pleasant experience, thus retaining their loyalty and increasing store footfalls.

Due to the installation of printers in retail stores, retailers can offer their customers a variety of customer-centric campaigns such as giving them discount vouchers along with their bills. Such printing terminals also enable retailers to offer various loyalty programs to their customers, thereby increasing the frequency of customer visits and subsequently the sales and revenue margins.

Also, by streamlining their operations, retailers can switch over to the omni-channel platform, giving their customers more options and enabling them to buy products from their stores through a variety of channels. This helps retailers fulfil the high expectations of their customers, helping them expand their business and offer a happy and unforgettable experience to their customers.

U.S. Retail Printers Market Outlook: Elevating Customer Experience Through Unique Solutions

In the dynamic landscape of the United States, the shifting preferences of consumers are poised to compel retailers to enhance their service offerings and streamline product deliveries. In 2022, the North American retail printers market is expected to claim a substantial share, approximately 42.7%, as indicated by insights from FMI (Financial Market Insights).

Prospects for the U.K. Retail Printers Market: Surging Demand in the E-commerce Sector

The burgeoning trend of online shopping in the United Kingdom, fueled by the convenient access to a diverse array of products and doorstep delivery services, is anticipated to drive the demand for retail billing printers. According to FMI projections, the European retail printers market is poised to capture a share of about 25.8% in 2022.

India’s Retail Printers Market: Government Initiatives Fuelling Growth

India’s vibrant retail landscape, marked by the presence of numerous prominent retail chains, is expected to catalyze the demand for retail label printing solutions in the foreseeable future. Within the Asia Pacific excluding Japan (APEJ) region, the retail printers market is predicted to secure a share of approximately 16.0% in 2022, underlining the significant growth potential, buoyed in part by government funding initiatives to develop advanced retail printer machines.

Global Retail Printers Market: Competitive Landscape

The research report on the global retail printers market has an entire section devoted to study the competition landscape of this market in which the key players operating in the market are profiled. This section also has important information about these companies such as the company overview, key financials, geographical reach, SWOT analysis, key strategies, etc.

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Key Players:

Avery Dennison Corporation
Brother Industries, Ltd.
Honeywell International, Inc.
Oki Electric Industry Co., Ltd.
SATO Holdings Corporation
Star Micronics Co., Ltd.
Toshiba TEC Corporation
TSC Auto Id Technology Co., Ltd.
Postek Electronics Co., Ltd.
Zebra Technologies Corporation

Retail Printers Market by Category:

By Product Type:

Desktop Printers
Industrial Printers
Mobile Printers
Other Product Types

By Technology:

Thermal Transfer Label Printer
Direct Thermal Label Printer
Inkjet Label Printer
Laser Label Printer
Thermal Transfer Paper Printer
Direct Transfer Paper Printer
Impact Paper Printer
Inkjet Paper Printer

By Application:

Departmental Stores
Warehouse Retailers
Mom & Pop Stores
E-commerce
Supermarkets
Other Applications

By Region:

North America
Latin America
Europe
Asia Pacific excluding Japan
Japan
Middle East & Africa

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Author:

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

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Electrical Testing Services Market Poised to Exceed US$ 13.4 Billion by 2031, Fueled by a Robust 7.1% CAGR

In 2021, the global electrical testing services market showcased an impressive 6.3% year-on-year surge, setting the stage for a resilient trajectory. Projections for the period spanning 2021 to 2031 forecast a compelling Compound Annual Growth Rate (CAGR) of 7.1%, culminating in a substantial market valuation of US$ 13.4 billion.

Having already asserted its dominance in 2020 by claiming a significant share, accounting for approximately 15% to 18% of the broader testing, inspection, and certification market, the electrical testing services sector is gearing up for even more remarkable expansion. Key segments, including transformer, circuit breaker, and motor/generator testing services, have notably risen to prominence, collectively contributing between 50% and 55% to the overall sales in the electrical testing services market. These services play a pivotal role in upholding the safety, reliability, and performance standards of critical electrical equipment.

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The surge in demand for green energy or renewable energy sources like wind, solar, and hydro is another factor supporting the market’s expansion. Electrical testing services will experience a significant increase in demand in the near future along with the rise in demand for green energy.

The market for electrical testing services is being advanced by the electrification efforts of emerging economies. Aiming to provide dependable and affordable electricity to various locations around the world, the countries’ electricity infrastructure is developing at a rapid rate. This necessitates the installation of transformers and other power transmission equipment, which will directly affect the market for electrical testing services.

With greater scope for development, MEA stands out to be the fastest growing region in the global electrical testing services market. Growing industrialization and urbanization will support the growth of electrical testing services in the global market over the forecast period. Thus, emerging regions that are still going under the installation processes provide a better scope for electrical testing services market. According to the International Energy Agency (IEA), by the end of 2030, 600 million out of the total 674 million people without the access to electricity live in Sub-Saharan Africa, a majority of them in the rural areas.

Attributing to this, Africa provides immense opportunities for service providers to augment their business capabilities in the region. India stands out in terms of growth in electrification rate across the country. According to IEA, half a billion people have gained electricity since 2000. In India, the electrification rate is nearly about 82% and with ongoing government initiatives, India will achieve universal access to electricity by 2020s. This is expected to open up new horizons for the augmentation of the electrical testing market in India.

Competitive Landscape:

Companies operating in global electrical testing service market are aiming at expanding their service range for precise end use. To achieve this, they are investing increasingly in R&D activities.

Electrical testing service providers are targeting end users by providing AMC for good consumer relationships. Companies are focusing on strategic collaborations and partnerships with electrical and electronic device manufacturers to expand their service and testing network.

Schneider Electric, Siemens AG, Eaton Corporation plc, General Electric Company, ABB Inc., Power Products & Solutions, American Electrical Testing, Haugland Group LLC, Dekra, TCS Electrical Co., Phase One Electric, Intran, GEM Electrical Services, Electric Power Systems, DNV GL, Dobel Engineering Company, Inel Power, Inser Hitech Engineers Pvt. Ltd., RESA Power LLLC, Voltech Engineers Pvt. Ltd.

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Key Segments Covered:

By End Use:

Power Generation Stations
Transmission and Distribution Stations
Steel Plants
Major Refineries
Railways
Other Industrial (Laboratory, etc.)
Data Centers
Healthcare and Hospitality
Commercial Establishments

By Service Type:

Transformer Testing
Circuit Breaker Testing
Protection Testing
Battery Testing
Rotating Equipment Vibration Testing
Motors/Generator Testing
Thermographic Testing

By Region:

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

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Author:

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

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Retail Renaissance: How the Global Marking and Coding Equipment Market Rides on the Resurgence of the Retail Sector

The future outlook for the marking and coding equipment market appears promising, with sustained growth anticipated in the coming years. Factors contributing to this growth include technological advancements, increasing automation in industries, and the growing need for product traceability and identification.

Innovations in marking and coding equipment, such as the integration of advanced software, high-speed printing capabilities, and enhanced connectivity features, are expected to drive market expansion. Additionally, stringent regulatory requirements across various sectors, including food and beverage, pharmaceuticals, and electronics, are fueling the demand for reliable and efficient marking and coding solutions.

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Furthermore, the expansion of industries such as manufacturing, logistics, and packaging, particularly in emerging economies, is projected to create significant opportunities for market growth. As companies strive to enhance efficiency, accuracy, and compliance in their operations, the demand for advanced marking and coding equipment is likely to continue rising, driving the market toward a brighter future.

While the market exhibits promising prospects, there are industry factors at play, coupled with specific influences such as the substantial capital investment required for implementing coding and marking equipment, which may temper the market’s growth trajectory.

Growth Opportunities in Marking and Coding Equipment Industry:

Technological Advancements: Continued innovation in marking and coding technologies, such as the development of advanced printing and labeling solutions, presents a significant growth opportunity.
Increasing Globalization: The expanding global trade and supply chain activities drive the demand for efficient marking and coding solutions to ensure compliance with diverse international regulations, creating growth prospects.
Rising E-commerce Sector: The booming e-commerce industry requires robust marking and coding solutions for product identification and tracking, offering a substantial growth avenue for the market.
Stringent Regulatory Compliance: Growing regulatory requirements for product traceability and anti-counterfeiting measures across industries propel the adoption of sophisticated marking and coding equipment, creating a market growth opportunity.
Environmentally Friendly Solutions: The shift towards sustainable practices and eco-friendly packaging fosters demand for marking and coding equipment that supports environmentally responsible printing methods, presenting a niche for growth.

Industry Trends:

Integration of IoT and Industry 4.0: Marking and coding equipment are increasingly becoming part of the broader Industry 4.0 landscape, leveraging IoT for real-time data monitoring, connectivity, and automation.
Rise of Smart Labels: The adoption of smart labels equipped with RFID technology and sensors for tracking and monitoring product information is a growing trend, enhancing supply chain visibility.
Inkjet Printing Dominance: Inkjet printing technologies, particularly continuous inkjet (CIJ), are gaining prominence due to their versatility, high-speed capabilities, and suitability for various substrates.
Demand for High-Speed Coding: With the need for faster production lines, there is a trend towards high-speed coding equipment that ensures quick and accurate marking without compromising quality.
Increasing Popularity of Laser Marking: Laser marking technology is witnessing increased adoption due to its precision, permanence, and ability to mark a variety of materials, especially in industries with stringent quality requirements.

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Market by Category

By Technology :

Continuous Inkjet (CIJ)
Thermal Inkjet (TIJ)
Thermal Transfer Overprint (TTO)
Laser Coding System
Large Character Marking (LCP)
Label Print Applicator (LPA)
Other Printers

By Application :

Flexible Packaging
- Bags
- Pouches & Sachets
- Vacuum / Shrink films
- Others
Rigid Packaging
- Pipes & Tubes
- Boxes
- Bottles & Jars
- Cans
- Metal Parts
- Trays & Clamshells
- Crates
- Others

By End-use Industry :

Food
Beverages
Pharmaceuticals
Personal & Homecare
Electricals & Electronics
Automotive
Chemical & Fertilizers
Building Materials
Other Industries

Author:

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Marine Collagen Market Poised to Reach US$ 1.5 Billion by 2032: Navigating Trends in Nutricosmetics

The global marine collagen market is anticipated to be worth US$ 782.3 million by 2022, growing at a 6.8% CAGR between 2022 and 2032.

The market for marine collagen is rapidly expanding as customers seek natural and sustainable alternatives in the beauty and wellness industries. Because of its higher bioavailability and environmentally benign supply from fish waste, marine collagen is becoming increasingly popular. The industry is being propelled forward by rising health consciousness and need for effective anti-aging solutions.

Taking marine collagen supplements may lower your risk of acquiring bone illnesses such as osteoporosis. It increases BMD while lowering atherosclerosis and other risk factors for heart disease.

The growing consumer awareness of the health benefits of marine collagen-based supplements with high protein levels is driving higher demand for these supplements. The market for marine collagen is rapidly expanding due to its numerous applications.

Marine collagen-based formulations have potential in the Personal Care sector, which is always looking for new, eco-friendly, and efficient solutions. Marine collagen has a number of qualities that aid in improving skin comfort, nourishing the epidermis, promoting skin elasticity, conditioning and filmogen skin and hair, and resisting surfactant toxicity.

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Key Takeaways from the Market Study

Food and beverage is a major application industry for marine collagen, and COVID-19’s negative effects have harmed the marine collagen market.
In terms of the hub producing marine collagen, China will maintain its dominance.
For many years, the United States has encouraged fishing, and these countries’ fisheries have been efficiently producing output, with a few being the world’s largest.
Marine collagen by type I is expected to hold the largest share of the marine collagen market by type.

“The rise in demand for supplements to control healthcare costs is expected to be a major factor driving the growth of the marine collagen market during the forecast period. Furthermore, an increase in the sales of marine collagen-based supplements is expected to propel the marine collagen market forward,” says a lead analyst at Future Market Insights.

Competitive Landscape

Product launches, product approvals, and other organic growth techniques, such as patents and events, are being prioritized by a number of companies. Acquisitions and partnerships, as well as collaborations, were identified as two inorganic growth strategies in the market.

Some of the key players in the Marine Collagen Market include Ashland Global Holdings Inc., BHN International Co. Ltd., Connoils LLC, Darling Ingredients Inc., Bega Bionutrients, Seagarden AS, Gelita AG, Nitta Gelatin, Weishardt Group and Amicogen.

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Marine Collagen Market by Category

By Source, Marine Collagen Market is Segmented as:

Skin
Muscles
Scales
Bones& tendons

By Animal Type, Marine Collagen Market is Segmented as:

Fish
Marine organisms

By Application, Marine Collagen Market is Segmented as:

Cosmetic
Healthcare
Medical
Nutraceuticals

By Region, Marine Collagen Market is Segmented as:

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

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Frequently Asked Questions

How much is the Marine collagen market currently worth?
At what CAGR is the market expected to grow?
How was the performance in the last five years?
What are the key trends boosting Marine collagen sales?
How are market players reacting to the new developments in the market?
How much share do the top 5 companies hold?
Which are the major countries driving demand for Marine collagen?
Who are the major players in Marine collagen Market?
What outlook does APAC provide?
At what rate will the U.S. marine collagen market grow?
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Author

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

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

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

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

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

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Customized Premix Market Envisioned to Surge to US$ 17,654.7 Million by 2034: Analyzing Tailored Nutritional Solutions

The customized premix market is estimated to be worth US$ 9,742.6 million in 2024. From 2024 to 2034, the market is expected to progress steadily, registering a CAGR of 6.1%. By 2034

Functional or fortified food products, which are primarily intended to compensate for nutrient loss and bridge nutritional gaps, are becoming increasingly popular in the food service industry. Diners favour high-protein, vegetable-rich, and superfood foods, with heart health, weight control, and gastrointestinal health being the most prominent concerns.

Patented enriched premixes with extra nutritious features are being developed by manufacturers. Fortification of dairy and bakery products will remain a driving force in the global evolution of the customised premixes industry.

The implementation and use of the drum-to-hopper production process will expand the bespoke premix sector. Despite having a small share of the global customised premix market, businesses’ value pool will be reduced if they do not invest in the drum-to-hopper manufacturing process.

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Key Takeaways from Market Study

The U.S.A. currently dominates the global customized premix market, and this trend is expected to continue in the coming years.
According to surveys, approximately 35% of French consumers consume immune-boosting foods and beverages. These consumables are especially popular among people aged the 40s to 50s.
Powdered customized premixes will continue to be popular among consumers due to their durability. Customized nutrient premixes have a higher level of stability in powdered form than in liquid form.
Customized premixes are widely used by consumers to improve energy supply. According to FMI, over 30% of consumers prefer customized premixes in high-energy food products.
Premix blends continue to define stakeholders’ bottom lines, accounting for roughly 60% of total market value.

“Increasing demand for vitamin and mineral-enriched foods, as well as rising consumer health consciousness, are expected to drive industry growth. The market is expected to grow at a significant rate during the forecasted period, owing to the rise of on-demand personalization,” says a lead analyst at Future Market Insights.

Competitive Landscape

Manufacturers of customized premixes are broadening their customer base by expanding into developing countries. Leading players, in particular, are developing a strong network of product distributors. As market competition intensifies, various players are establishing subsidiaries in various regions and expanding their production capacity to meet rising demand.

Buddy Nutrition, a US-based provider of nutritional supplements and custom food, launched a new protein premix solution in August 2019.

Some of the key players in the Customized Premix Market include Archer Daniel Midland Company, AQC Chem Lab (P) Ltd., Barentz International B.V., BASF SE, Beijing Jinkangpu Food Science and Technique Co., Ltd., BNSL Limited, Budenheim, Coalescence LLC, Farbest Brands.

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Future Market Insights, in its new offering, provides an unbiased analysis of customized premix presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

Customized Premix Market by Category

By Ingredient Type, the Customized Premix Market is Segmented as:

Vitamin Premix
Mineral Premix
Nucleotides Premix
Amino Acids Premix
Enzymes
Coccidiostats
Probiotics
Prebiotics
Multigrain Premix
Omega 3 Fatty Acids
Excipients
Gums
Botanicals
Sweeteners
Flavors
Proteins
Color

By Form, the Customized Premix Market is Segmented as:

Powder
Liquid

By Function, the Customized Premix Market is Segmented as:

Bone Health
Immunity
Digestion
Energy
Heart Health
Weight Management
Vision Health
Brain Health & Memory
Resistance
Others

By Application, the Customized Premix Market is Segmented as:

Food Sector
Dietary Supplements
Pharma OTC Drugs
Pet Food

By Product Type, the Customized Premix Market is Segmented as:

Premix blends/ Direct-to-consumer Solutions
Drum-to-hopper Formulations

By Region, the Customized Premix Market is Segmented as:

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

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Frequently Asked Questions

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Author

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

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

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Nandini Singh Sawlani

Blockchain in Agriculture Market: Harnessing a Remarkable 41.0% CAGR Growth Between 2019 and 2029

The global Blockchain in agriculture market size is expected to reach US$ 2068.5 Million by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 41.00% CAGR between 2019 and 2029. According to the report, increasing cases of food contamination and food scams in the agricultural sector give rise to the growth of transparent supply chain methods; this factor is expected to act as a driver for market growth.

The study provides a comprehensive overview of the market, highlighting the important trends, opportunities, and growth drivers. It provides the most precise market analysis through the use of novel research techniques.

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By enhancing organisational decision-making power, blockchain technology is revolutionising the food and agricultural industries. It is critical to measure and manage the genuine supply and demand for food items in order to ensure that food reaches those in need. Each year, about one-third of all food produced worldwide is wasted, according to the FAO. The blockchain network may be used to solve these challenges quickly and effectively.

It includes in-depth insights into the blockchain in agriculture market. Some of these are:

The estimated value of the market was at US$ 66.6 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Asia Pacific is a leading producer of farm products and foodstuffs. Which means the risk of food contamination and fraud in the supply chain in this area is higher.
The majority of Asia-Pacific countries export their food products to other nations. For example, most Asian countries export fruits and vegetables to European countries, as the highest food traceability requirements in this area are being witnessed.
During the forecast era, the application and solution provider segment is expected to rise to the highest CAGR.
The hacking and piracy of information available on blockchain networks is likely to curb business growth.
In terms of provider, the middleware provider segment is forecast to remain dominant through the course of the report’s forecast period.

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Production and Distribution Impacted Due to COVID-19 Outbreak

A preliminary picture of the aftermath emerges with the global pandemic of COVID-19 causing an ongoing crisis, of late. Stay-at-home orders and full lockdowns that initially resulted in a sudden increase in the blockchain consumer footprints on the agricultural sector, culminating in many logistical challenges and then a normal sales drop. Market scenes of growth, distribution, sales, and import-export are thus largely hampered. The novel coronavirus epidemic has undoubtedly led to a slump in sales, not because of the scanty stock but because of the disconcerted production and distribution chains.

Who is Winning?

The key players in the global blockchain in agriculture market include BM (US), Microsoft (US), SAP-SE (Germany), Ambrosus (Switzerland), Arc-net (Ireland), OriginTrail (Slovenia), Ripe.io (US), VeChain (China), Provenance (UK), ChainVine (UK), AgriDigital (Australia), and BlockGrain (Australia).

In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

BLOCKCHAIN IN AGRICULTURE MARKET TAXONOMY

The global Blockchain in Agriculture market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Provider

Application and solution provider
Middleware provider
Infrastructure and protocol provider

Application

Product traceability, tracking, and visibility
Payment and settlement
Smart contracts
Governance, risk and compliance management

Organization size

Large enterprises
Small and medium-sized (SMEs) enterprises

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Blockchain In Agriculture Market – Key Research Findings

The blockchain in agriculture market will surge at a remarkable CAGR of 41.0% between 2019 and 2029.
The large enterprises segment dominated the blockchain in the agriculture market.
The product traceability, tracking, and visibility segment held the largest share, and it is expected to remain dominant through the forecast period owing to factors such as an increase in investments for food safety and transparency along the supply chain and consumer demands for the knowledge of the provenance of food products.
North America accounts for the largest share of the global blockchain in the agricultural market owing to the presence of major companies such as IBM and Microsoft in the U.S.
Increasing investment from various stakeholders and government to support exploration and adoption of new technologies is expected to drive the blockchain in India’s agricultural market.

Author

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

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

About Future Market Insights (FMI)

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Nandini Singh Sawlani