Hypercalcemia Treatment Industry on the Rise, Set to Reach US$ 55.07 Billion by 2033, with a CAGR of 11.8%

The Global Hypercalcemia Treatment Industry is predicted to attain a valuation of US$ 18.07 billion by the end of the year 2023 and is expected to expand at a compound annual growth rate (CAGR) of 11.8% over the forecast years, 

Hypercalcemia is a condition that occurs when there is too much calcium in the blood. It can be caused by a variety of factors, including cancer, overactive parathyroid glands, and certain medications. Hypercalcemia can cause a number of health problems, including kidney stones, bone pain, and heart problems.

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The report on the global hypercalcemia treatment market begins with a definition of hypercalcemia treatment and the various types of products used in hypercalcemia treatment. It is followed by an overview of global hypercalcemia treatment market dynamics, which includes FMI’s analysis of key trends, drivers, restraints, and opportunities influencing global hypercalcemia treatment market growth. Following detailed analysis of individual regions, the global hypercalcemia treatment market report includes impact analysis of key growth drivers and restraints based on a weighted average model to better equip readers with meaningful insights on ongoing market developments.

The increasing prevalence of hyperparathyroidism-related hypercalcemia, the increasing number of cancer patients, the higher incidence of multiple myeloma, the availability of appropriate drug therapy alternatives to surgery, a favourable reimbursement scenario, and drug therapies to avoid kidney failure are the primary factors driving demand for hypercalcemia treatment. However, the primary factors impeding hypercalcemia treatment market growth are patient location, hypercalcemia drug adoption, and cost recovery from a small patient population.

Based on product type, the market has been segmented bisphosphonates (clodronate, etidronate, ibandronate, pamidronate and zoledronic acid), calcitonin, glucocorticoids, denosumab and calcimimetics. A detailed analysis has been provided for these segment in terms of market size, Y-o-Y growth rate, absolute $ opportunity and BPS analysis.

The market has been divided into hospitals, clinics, and independent pharmacy and drug stores based on distribution channel. According to our analysis, revenue from the independent pharmacy and drug stores segment will grow at a relatively fast rate, and the segment will contribute significantly to the distribution of hypercalcemia drugs during the forecast period. Because of the novel and easy availability of hypercalcemia treatment drugs worldwide, the hospital distribution channel segment is expected to generate relatively high revenue.

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The following section of the report examines the hypercalcemia treatment market by region and forecasts the market from 2016 to 2032. The report also discusses key regional trends that are contributing to the global hypercalcemia treatment market’s revenue growth, as well as the impact of drivers and restraints in each region. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East and Africa are among the key regions examined in this report (MEA).

The above sections – by product type, distribution channel and region — evaluate the present scenario and growth prospects of the hypercalcemia treatment market for 2016–2032. We have considered 2015 as the base year and provided data for the forecast period, i.e., 2016–2032.

To ascertain hypercalcemia treatment market size, we have also considered revenue generated by companies operating in the hypercalcemia treatment market space. The forecast presented here assesses the total revenue by value across the hypercalcemia treatment market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the hypercalcemia treatment market is expected to develop in future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis based on supply side, downstream industry demand and the economic envelope.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecast in terms of CAGR, but also analyse on the basis of key parameters such as Year-on-Year (Y-o-Y) growth rates. This is imperative to understand the predictability of the market and to identify the right opportunities across the global hypercalcemia treatment market.

The hypercalcemia treatment market has been segmented on the basis of product type, distribution channel and region. These segments are analysed in terms of Basis Point Share (BPS) to understand each individual segment’s relative contribution to market growth. This detailed level of information is important for identifying various key trends in the global hypercalcemia treatment market.

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Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is normally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective.

To understand key segments in terms of growth and adoption for hypercalcemia treatment drugs globally, FMI has developed the hypercalcemia treatment market ‘Attractiveness Index’. The resulting index is expected to help providers identify real market opportunities in the global hypercalcemia treatment market.

In the final section of the report on the global hypercalcemia treatment market, ‘Competitive Landscape’ is included to provide report audiences with a dashboard view, based on categories of drug developers in the hypercalcemia treatment market space and key differentiators. Key categories of providers covered in the report are companies developing hypercalcemia treatment drugs. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the hypercalcemia treatment value chain and the potential players for the same. Report audiences can gain segment-specific company insights to identify and evaluate key competitors based on in-depth assessment of capabilities and successes in hypercalcemia treatment marketplace.

Detailed profiles of the hypercalcemia treatment developing companies are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings, SWOT analysis and recent developments in the global hypercalcemia treatment market.

Key companies covered in report are Bayer Pharma AG, Sun Pharmaceutical Industries Ltd., Mylan N.V., Pfizer Inc., Amgen Inc., Novartis AG, Dr. Reddy’s Laboratories Ltd. and Cipla Inc.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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Foamed Plastics Market Set for Significant Transformation, Anticipating a CAGR of 5.8% and $84.2 Billion Valuation by 2030

The global foamed plastics market is poised for a significant transformation, with expectations of reaching a valuation of US$ 84.2 billion by the year 2030. This growth journey is characterized by a robust Compound Annual Growth Rate (CAGR) of 5.8% between 2022 and 2030, with a projected market value of over US$ 81.5 billion by 2028.

One of the driving forces behind this expansion is the consistent demand for foamed plastics, which are used for the contamination-free storage of both industrial and non-industrial goods. The foamed plastics industry is projected to maintain its growth momentum, expanding at a CAGR of 5.8% during the forecast period (2022-2030).

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Asia Pacific is anticipated to play a pivotal role, dominating the global foamed plastics market with a industry value share of approximately 48%. This region benefits from the rise of e-commerce platforms and the growing need for protective packaging, offering lucrative opportunities to foamed plastics manufacturers.

Furthermore, the foamed plastics industry is expected to grow 1.7 times its current market value, with a projected peak Year-on-Year (Y-o-Y) growth rate of 6.6% during the forecast period. Various industries, including food, beverages, transportation, construction, automotive, and electronics, are increasingly turning to foamed plastics for their desirable characteristics, especially in protecting products from damage during transit.

The rise of e-commerce and third-party logistics services has further amplified the utilization of foamed plastics for product transit. With internet usage on the rise, online shopping for consumer goods requiring foamed plastics packaging is expected to continue its growth trajectory. The foamed plastics market’s growth is deeply intertwined with the evolving needs of various industries and the expansion of e-commerce, making it a pivotal player in the packaging and protective materials landscape.

The worldwide market for foamed plastics is expected to acquire altogether as interest for safe capacity during transportation stays reliable. Foamed plastics have built up momentum among the different bundling materials as it gives safe and shockproof bundling to fragile and rich items during travel.

They are reusable, which settles on them an able decision for defensive bundling applications. Such bundling arrangements have achieved a massive change in the manner products are stuffed and sent across landmasses. In this manner, developing import and commodity, blasting web based business, and globalization are supposed to help the interest for foamed plastics.

Furthermore, foamed plastics are additionally valuable for giving warm protection, which makes them significant in the development business. Their low upkeep necessity has really made them well known across the development business.

As per Future Market Insights, the worldwide foamed plastics industry is supposed to enroll a CAGR of 5.8% during the gauge long stretches of 2022 and 2030.

Key Takeaways: 

  • The polyurethane (PU) foams as a material likely to experience unmatchable demand in the foamed plastics market, especially from the transportation industry
  • The packaging segment is estimated to account for more than 30% by value of the market share in 2020, owing to the increasing demand for food packaging in Asia Pacific
  • As per sales channel, direct sales estimated to expand by 1.6x of its current industry value till 2028
  • Asia Pacific is expected to outpace other regions and to represent an incremental opportunity of US$ 20 Bn by the end of 2030, with the presence of a large number of foamed plastic manufacturers.

E-commerce to Boost Demand for Foamed Plastic

In the era of digitalization, multiple channels are likely to be available to consumers to make varied purchases, increasing chances of transportation of goods. This rise of e-commerce is expected to boost demand for foamed plastics that is used for protective packaging.

Right-sized foamed plastic packaging solutions are used to protect products from jerks and sudden impacts while shipping them across different geographical regions. Growth of e-commerce will go up due to convenience offered by online sellers, rising income levels, and the advent of technology in the form of smartphones and the internet. Penetration of e-commerce channels in developing countries such as India and China are expected to create lucrative opportunities for the market.

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The vast electronics industry Asia Pacific is also projected to add to the revenue options of the market. Delicate nature of electronic products is projected to showcase a significant demand for foamed plastics in the coming years.

“Prominent manufacturers in the foamed plastics market can gain substantial profits by emphasizing on strengthening its production capacity and market presence. Furthermore, as key industries are inclined towards adoption of sustainable packaging solutions, the demand for foamed plastics packaging solutions is estimated to increase in the foreseeable future,” says FMI analyst.

Impact of COVID 2019 on Foamed Plastics Market

The construction industry has been identified as a prominent end-use industry in the global foamed plastics market. As per Eurostat (the statistical office of the European Union), construction production was decreased by 14.9% during February – April 2020, amid COVID-19 pandemic in Europe. However, in May 2020, construction production picked up by nearly 21%. This fluctuating situation in the construction industry has had a direct impact on the demand for foamed plastics, which is used for thermal insulation in buildings. Therefore, in the year 2020, foamed plastics industry is projected to register Y-o-Y of 4.1% and expected to increase up to 6.6% Y-o-Y during the forecast period.

Furthermore, due to COVID-19 crisis the packaging industry is facing numerous challenges. A significant portion of the global foamed plastics market is captured by transportation packaging. Restrictions on transportation has slowed down the demand for foamed plastics. The pandemic has had a significant impact on consumer preferences as well. Consumers are willing to spend on life-essential products only. Therefore, transportation of consumer electronic goods and luxury goods has been reduced which further results in less demand for foamed plastics.

Foamed Plastics Market Landscape

Key players that have been profiled in the report are Berry Global Inc., Dart Container Corporation, Sealed Air Corporation, Pactiv LLC, Tekni-Plex, Inc., Groupe Guillin SA, D & W Fine Pack LLC, Genpak, LLC, UFP Technologies, Inc., and Sirap Gema S.p.a. These players are estimates to hold nearly 20% market share in the global market in 2020.

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Key Segments: 

By Product Type:

  • Packaging
    • Food Packaging
      • Trays
      • Clamshells
      • Plates
      • Bowls
      • Cups
    • Transport Packaging
  • Wrapping
  • Cushioning
  • Insulation
  • Construction
  • Others

By Material:

  • Polyurethane (PU) Foams
  • Expanded Polystyrene (EPS) Foam
  • Vinyl (Plastisol, PVC) Foams
  • Others (PE Foam, PP Foam)

By Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Online Retailing

By Region:

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

Key Benefits

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Foamed Plastics market analysis from 2022 to 2030 to identify the prevailing Foamed Plastics market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the Foamed Plastics market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global Foamed Plastics market trends, key players, market segments, application areas, and market growth strategies.

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.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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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Global Dental Imaging Equipment Industry Projected to Reach US$ 5.91 Billion by 2030, Growing at a CAGR of 7.9%

According to a recent study by Future Market Insights, Global Dental Imaging Equipment Industry size is anticipated to grow from a value of US$ 3.21 billion in 2022 to US$ 5.91 billion by 2030, expanding at a CAGR of 7.9%.

Dental imaging equipment is witnessing demand from developed as well as developing economies alike, mainly due to increase in the number of patients (as per the WHO, around 50% of the global population (3.58 Billion) is suffering from oral ailments), coupled with the growth in the number of dental care centers. However, dental imaging is going “digital” now, though outbreak of Covid-19 has slowed down the market for the time being.

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Digital Dentistry: The Future

In the year 2019, the IDC (International Dental Show) was attended by Institute of Digital Dentistry in Cologne, Germany. It threw light on the ways dentistry has evolved in the form of 3D printers, CAD materials, milling machines, and intraoral scanners. The institute otherwise provides training and CAD/CAM courses in New Zealand as well as online so as to keep the dentists and course attendees updated about clinical relevance and implementation of digitization by the key market players.

Digital Expansion: Key to Growth

As stated above, the market players are looking to provide digital imaging solutions to cater to the increasing number of patients with dental ailments. Some of the measures taken in this regard include:

  • In Jun 2020, Level Equity-backed Planet DDS signed an agreement for acquiring Apteryx Imaging, a Canada-based publicly traded company with the objective to explore a wider arena in terms of geography
  • DENTSPLY Sirona Inc., in Oct 2019, launched 2 intraoral sensors (Xios AE and Schick AE) and 3D/2D imaging systems (Orthophos E, Orthophos SL 3D, and Orthophos S 3D)
  • In Oct 2019, Envista Holdings Corporation entered into a partnership with TeamSmile programs all through the US for propagating the use of KaVo SMARTmatic and KaVo MASTERtorque LUX M8900L

Key Takeaways of Global Dental Imaging Equipment Industry Study

  • Extraoral X-ray systems are expected to have the highest market share of 28.7% in 2022, expanding at a rate of about 8.0% over the forecast period.
  • The independent dental clinic segment is expected to have the highest share of 72.3% in 2022, growing at a rapid rate of 5.6% CAGR during the forecast period.
  • In 2022, the United States is expected to account for approximately 85.8% of the North American dental imaging equipment market.

“The players are shifting their gears towards digital imaging. This upgradation is expected to shape the global Global Dental Imaging Equipment Industry.” says an FMI Analyst.

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More Valuable Insights on Global Dental Imaging Equipment Industry

Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the segments from 2015 to 2030. The Global Dental Imaging Equipment Industry is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provide compelling insights on dental imaging equipment market on the basis of product type, (Intraoral X-ray Systems, Intraoral Plate Scanner, Intraoral Sensors, Intraoral Phosphor Storage Plates, Extraoral X-ray Systems, Cone-Beam Computed Tomography (CBCT) Imaging, Intraoral Cameras), by End User (Hospitals, Ambulatory Surgical Centers, Independent Dental Clinics, Forensic Laboratories), across seven major regions.

Leading Players in Global Dental Imaging Equipment Industry

The Global Dental Imaging Equipment Industry is onto the digital spree. Digital imaging systems are being provided by the key players to cater to the increasing number of patients throughout. At the same time, AI is being tried out as an effective tool for dental digital solutions.

In line with the above-mentioned developments, twin robotic X-Ray system from Siemens provides a combination of 2D X-Rays with fluoroscopy along with 3D imaging.

The key players in the dental imaging equipment including the ones mentioned above are:

  • Envista Holdings Corporation
  • Dentsply Sirona
  • Carestream Dental, LLC
  • Danaher Corporation
  • Acteon Group
  • Planmeca Oy

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report

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Global Dental Imaging Equipment Industry: Segmentation The global dental imaging equipment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. Product Type

  • Intraoral X-ray Systems
    • Wall/Floor Mounted Intraoral X-ray Systems
    • Hand-Held Intraoral X-ray Systems
  • Intraoral Plate Scanner
  • Intraoral Sensors
  • Intraoral Phosphor Storage Plates
  • Extraoral X-ray Systems
    • Panoramic X-rays Systems
    • Cephalometric Projections Systems
  • Cone-Beam Computed Tomography (CBCT) Imaging
  • Intraoral Cameras

End Users

  • Hospitals
  • Independent Dental Clinics
  • Ambulatory Surgical Centres
  • Forensic Laboratories

 About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:          

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Regenerative Medicine Industry Poised for Growth, with a CAGR of 18.5% Between 2023 and 2033 | FMI

The Regenerative Medicine Industry is estimated to be valued at US$ 13.4 billion in 2023 and is expected to reach US$ 73.1 billion by 2033, developing at a CAGR of 18.5%, according to a new report by Future Market Insights (FMI).

Regenerative medicine is a rapidly growing field of medicine that uses stem cells and other biological materials to repair or replace damaged or diseased tissues and organs. Regenerative medicine therapies have the potential to treat a wide range of conditions, including cancer, cardiovascular disease, neurological disorders, and musculoskeletal disorders.

The growth of the regenerative medicine industry is being driven by a number of factors, including the rising prevalence of chronic diseases, the increasing demand for minimally invasive treatments, and the growing body of scientific evidence supporting the effectiveness of regenerative medicine therapies.

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Key Takeaways:

  • An opportunistic outlook is presented by the regenerative medicine market in the future owing to the beneficial outcomes of regenerative medicine. Several biopharmaceutical companies have initiated the establishment of regenerative medicine-specific regulatory processes which consist of guidelines, a quicker approval pathway, and also quality control for conducting clinical trials. Therefore, a massive boom in the regenerative medicine market is witnessed over the projection years.
  • The industry is keeping into account some of the prominent factors such as reduced manufacturing cost, improvement in distribution systems, and expansion. Technological advances taking place in the field of life sciences date back several years ago. The gene editing technology applied in regenerative medicine manufacturing assists in yielding quality results and avoids challenges such as immune rejection.
  • In order to treat a wide spectrum of diseases, pluripotent stem cell (PSC)-derived therapies are beneficial and surging rapidly over the years. These factors are acting as driving factors for the regenerative medicine market over the assessment years.
  • The research and development sector is drastically making efforts to develop an innovative therapy type through modifications and implementing new discoveries in the field of cell therapy and applying gene editing tools that help in making the overall process of discovery easier. Since the methodology used is unique and determines steps for instance use of universal donor cells which establishes successful engraftment in autologous transplantation. The aforementioned factors are responsible for growth in the market.
  • The growing prevalence of chronic diseases paired with the surge in wounds and injuries among the ever-growing population is anticipated to surge the regenerative medicine market. The approval of these products is governed by various regulatory laws, including pharmaceutical affairs law, technical guidance for the quality of regenerative medicine products, regulation (EC) 1394/2007, and others because these therapy types have a substantial impact on health.

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  • The regeneration medicine market has a direct link with the prevalence of diseases in the increasing population. Since these stem cell-based therapies have a vital impact on health thereby, the approval of these therapies including the use of regenerative medicine is governed by several standard organizations such as the Food and Drug Administration (FDA), and European Medicines Agency (EMA), among others.

Competitive Landscape:

Various key players in the regeneration medicine market are focusing on expanding their consumer base in order to meet consumer demands. Since the overall market is fragmented, prominent companies in the market are implementing methods such as divestiture, partnerships and collaborations, and new therapy launches.

More Insights into the Regenerative Medicine Market:

The U.S. is expected to dominate the global regenerative medicine market as it is accounting for a total of about 24.2% in 2021 and is anticipated to experience similar growth throughout the forecast period.

The account of aging population, the widespread adoption rate of regenerative medicines, and the importance of chronic diseases are contributing factors boosting the regenerative medicine market.

Australia held a market share of around 12.9% in the global regenerative medicine market in 2021. Having a robust regulatory framework, the presence of such facilities has encouraged several ventures to invest in and look for new opportunities in Australia.

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Key Companies Profiled:

  • 3M
  • Allergan plc
  • Amgen, Inc.
  • Aspect Biosystems
  • bluebird bio
  • Kite Pharma
  • Integra LifeSciences Holdings Corporation
  • MEDIPOST Co., Ltd.
  • Anterogen Co., Ltd.

Key Market Segments Covered In Regenerative Medicine Industry Research:

By Therapy type:

  • Cell Therapy
    • Autologous Cell Therapy
    • Allogenic Cell Therapy
  • Stem Cell Therapy
    • Allogeneic Stem Cell Therapy
    • Autologous Stem Cell Therapy
  • Tissue-engineering
  • Gene Therapy

By Application:

  • Wound Care
  • Musculoskeletal
  • Oncology
  • Dental
  • DMD (Duchenne Muscular Dystrophy)
  • Hepatological Diseases
  • Inflammatory & Autoimmune Diseases
  • Other Therapeutic Applications

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 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.
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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USA Plastic Pail Market Sustains 3% CAGR with Varied Drivers: Regulatory Compliance, E-commerce Surge And Agriculture and Agribusiness

In the United States, the plastic pail market is expected to maintain steady growth with a projected CAGR of 3% until 2033. Several factors are contributing to this growth, including regulatory compliance driven by stringent requirements from agencies like the Food and Drug Administration, which is increasing the demand for plastic pails in food chemical storage and packaging due to enhanced safety standards. The rapid expansion of the e-commerce sector is also fueling demand for plastic pails as consumers increasingly opt for online shopping, requiring secure and reliable packaging.

Furthermore, the agriculture and agribusiness sectors are driving the adoption of plastic pails, particularly for agricultural chemicals and related products, given the significant demand in the United States. Additionally, the manufacturing and chemical industries in the country rely heavily on plastic pails for various applications such as chemicals, coatings, paints, and more. Lastly, sustainability initiatives are playing a crucial role in shaping the market, with key companies emphasizing environmental responsibility and implementing recycling programs to reduce carbon footprints.

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In Canada, the plastic pail industry is set to register a notable CAGR of 3.7% during the forecast period, reflecting the country’s growth in this sector. Several key factors are driving the Canadian plastic pail market, which include… [continue with the information on Canada’s market factors].

The global plastic pail market is anticipated to capture a valuation of US$ 569,627 million in 2023 and reach up to US$ 859,308 million by 2033. The global industry is estimated to register a CAGR of 4.2% in the global market during the forecast period.

Manufacturers Bring Opportunities to Uplift the Market Revenue

Advanced Materials: Manufacturers are seeking advanced and high-quality materials to enhance chemical compatibility and high-temperature resistance requirements.

Innovation in Closure Mechanisms: The ongoing innovation in closure mechanisms, such as child-resistant closures, is bringing lucrative opportunities in several industries, such as consumer goods and pharmaceuticals.

Supply Chain Solutions: The rapidly surging supply chain solutions offer quick deliveries and promote inventory management solutions.

Collaboration with Startups: Manufacturers are promoting their brands with collaborating startup companies. They are working with startups for new ideas, innovations, and novel packaging solutions to upsurge the industry size.

International Expansion: Emerging economies and expanding manufacturing production are expanding international markets with increasing demand for reliable packaging solutions.

Internet of Things Integration: The rising integration of the Internet of Things for smart and advanced packaging solutions is increasing the adoption of plastic pails. These advanced integrations track and monitor the transportation and storage of goods, which are driving market opportunities.

Market Diversification: The rising demand for packaging solutions, including accessories and lids, is increasing the industry share.

Consumer Preferences: Consumers prefer reusable, aesthetic, and better quality with innovative design plastic pails to enhance packaging solutions.

“Growing hazardous pollution in environment due to cheap quality of packaging solutions bring toxicity in air, water and land. The ongoing technologies are bringing new ideas to develop plastic pails that reduce carbon emission during packaging of several products,” infers a prominent FMI analyst.

Key Takeaways:

  • The plastic pail industry is registering a CAGR of 4.2% between 2023 to 2033.
  • The United States is expected to register a CAGR of 3% by dominating the global market by 2033.
  • Canada is anticipated to capture a CAGR of 3.7% of the global market by 2033.
  • India is anticipated to register a CAGR of 4.9% in the global market by 2033.
  • China significantly drives the global market with a CAGR of 5.5%.
  • With a CAGR of 4.7%, Indonesia is rapidly advancing in the global market.
  • The 5 to 10 liters capacity is estimated to lead the global market during the forecast period.

Competitive Landscape

The global plastic pails market is fragmented, characterized by the prevalence of several small-care manufactures. The tier III players account for nearly 4/5th of the overall industry share.

Mauser Group N.V., NCI Packaging, Time Technoplast Ltd., Balmer Lawrie & Co., Ltd., M&M Industries Ltd. and Great Western Containers Inc. are some prominent players. To survive in the highly competitive market, vendors are relying on mergers and acquisitions which enhances their core competencies.

Expansion of product portfolios, collaborations with various players and agencies as well as product innovations also constitute important growth strategies. For instance, M&M Industries Ltd manufactures the Superkube K1 and K2 pails. The former is a Life Latch UN solids group II and III usage certified while the latter is lightweight for general use.

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Market by Category

By Product Type:

  • Open Top/Head
  • Close Top/Head

By Material Type:

  • PE
  • PP
  • PET
  • PVC
  • Others

By Capacity:

  • Up to 3 Liters
  • 3 to 5 Liters
  • 5 to 10 Liters
  • 10 to 20 Liters
  • Above 20 Liters

By End Use:

  • Paints & Coatings
  • Inks, Dyes & Pigments
  • Petroleum & Lubricants
  • Agrochemicals & Fertilizers
  • Food & Beverage Ingredients
  • Other Industrial

By Region:

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

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What to Expect in Our Report?

(1) A complete section of the Global Plastic Pails market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Plastic Pails market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global Plastic Pails market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Plastic Pails market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Global Plastic Pails Market report.

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.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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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North America Dominates Collation Shrink Films Market with 25% Share, Fueling Intense Competition Among Manufacturers

North America is poised to maintain a significant share, approximately 25%, in the Collation Shrink Films Market throughout the forecast period. The region’s well-established market is likely to witness robust competition among manufacturers. In Europe, the market faces stagnation due to recent regulations on plastic use, presenting challenges for new entrants as many established key players dominate the region.

The global collation shrink films market is on a trajectory of substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 5.9% between 2022 and 2030, ultimately reaching a valuation of US$ 6.5 billion by the year 2030. Notably, the market is expected to witness a peak Year-on-Year (Y-o-Y) growth rate of 6.6% post-2025.

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This robust growth is underpinned by significant revenue-generating opportunities, primarily driven by the increasing demand from industries such as cosmetics, pharmaceuticals, and transport and logistics. These sectors require robust packaging materials, thus contributing to the firm demand for collation shrink films.

Additionally, collation shrink films offer excellent printing surface quality, positioning them as effective marketing tools, particularly in the printing and publication industries.

Importantly, as environmental awareness gains momentum, consumers are increasingly switching to alternative packaging solutions due to concerns about plastic usage and its environmental impact. In response, key players in the collation shrink films industry are leveraging advanced technology to manufacture these films using recyclable polymers with a minimal carbon footprint. This sustainable approach is expected to fuel remarkable growth in the collation shrink films market over the next decade, aligning with evolving consumer preferences and environmental consciousness.

“Most of the key players are continuously focusing on the development of extra thin collation shrink films, which will offer maximum impact protection to the stored products during transportation. Companies are coming up with the new technologies that will manufacture nearly 10-micron thin collation shrink films, which are stiff and provide a firm grip to the package,” says an FMI analyst.

Key Takeaways of Collation Shrink Films Industry Study

  • As per thickness, 25-50 micron collation shrink films are expected to holds 1/3rd of the industry share during the forecast period
  • Linear low-density polyethylene (LLDPE) material segment is expected to gain by 50 bps of current market share, by the end of 2030
  • Collation shrink films are mostly preferred for bottles and cans packaging applications, pushing these segments to gain a cumulative worth of US$ 774 Mn by 2025
  • Food and beverage manufacturers to remain key end users of collation shrink films and estimated to expand 1.8x of current industry value during 2020-2030
  • North America is estimated to remain at leading position with more than 25% market share in 2020. However, East Asia is expected to outbid other regions during the forecast period.
  • South Asia market is anticipated to expand by 2.1x of current industry share till 2030, attributing to double digit investment by the key players for manufacturing collation shrink films
  • Germany market is anticipated to be highly lucrative as it is  poised to represent an incremental opportunity of US$ 24 Mn by the end of 2025 in the Europe region
  • Mexico collation shrink films industry is anticipated to expand at a potential CAGR of 7.1% during 2020-2030, owing to increasing number of key players

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Removing Downgauging Bottlenecks to Drive Collation Shrink Films Industry

Manufacturers in collation shrink films are focussing on optimizing the quality by enhancing its multi-layer packaging film concept with five or more layers. These multi-layer collation shrink films are relatively stiff and enable extra thin gauges resulting in low wastage and overall cost.

Five-layer collation shrink films offer the advantage of holding force and stiffness over three-layer films, which are often a bottleneck to downgauging in secondary packaging application.

Recently Saudi Arabia-based Sabic Company introduced a multi-layer film solution for beverage collation. The SABIC multi-layer collation shrink films concept is expected to reduce downgauging and production at approximately 10,000 kg/hr. Its Teesside, UK-based plant, is manufacturing such collation shrink films to cater to the demand of efficiency on all fronts.

Impact of COVID-19 on Collation Shrink Films market

COVID-19 pandemic has created multiple challenges for the packaging industry and reiterated its need to design sustainable solutions to reduce the pressure on landfills. Multiple restrictions of supply chain and logistical hurdles due to lockdown have slowed down the packaging industry, creating a negative impact on the collation shrink films industry .

Future Market Insights predicts that the collation shrink market will begin recovery in Q4 2020, starting with South and East Asia as they will still have a stronghold over manufacturing activities. China and India started production of collation shrink films with limited resources. Also various key players are planning to invest in developing manufacturing units in these regions, therefore it is expected that by the end of 2021, the demand and supply equilibrium of collation shrink films will be achieved.

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Collation Shrink Films industry Report

Future Market Insights, in its new report, offers an unbiased analysis of the global collation shrink films market, analysing historical demand from 2015-2019 and forecast statistics for 2020-2030. The collation shrink films market is segmented into material (low density polypropylene (LDPE), linear low density polypropylene (LLDPE), medium density polypropylene (LDPE), high density polypropylene (LDPE), polypropylene, and others), thickness (less than 25 micron, 25-50 micron, 51-100 micron, and above 100 micron), application (bottles, cans, books and magazines, cartons, and others), end use (food and beverage, cosmetics, personal care & home care, pharmaceuticals, transportation and logistics, printing and publication, and others), across seven regions.

Frequently Asked Questions

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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.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani 

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

USA Continuous Inkjet Ink Market Thrives on Regulatory Requirements, Poised to Maintain Dominance in North America

The USA Continuous Inkjet Ink Market Thrives Due to Updated FDA Nutrition Labeling Requirement. The U.S. continuous inkjet ink industry is experiencing significant growth, and one key driver is the recent update to the Nutrition Fact Label by the U.S. Food and Drug Administration (FDA). This regulatory change mandates that manufacturers of food and beverages provide detailed nutritional information on their product packaging, including facts about calories, total fat, and protein per package. To ensure consumers are well-informed about their dietary choices, educational campaigns like “The New Nutrition Facts Label” have been launched.

These regulatory requirements are having a direct and positive impact on the U.S. continuous inkjet ink market. Given the extensive presence of numerous food and beverage manufacturers and a large number of manufacturing industries utilizing continuous inkjet printers for their printing operations in the United States, the country has emerged as the largest market for continuous inkjet inks in North America. Consequently, it is anticipated that the U.S. will maintain an 88% market share in the North American continuous inkjet ink market in 2022.

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The global continuous inkjet ink market is undergoing remarkable growth, with an estimated value of US$ 337.6 million in 2022, and a projected valuation of US$ 488.6 million by 2030. This expansion is attributed to a substantial Compound Annual Growth Rate (CAGR) of 4.7% from 2022 to 2030. According to a recent industry survey by FMI, the demand for continuous inkjet inks is surging, driven by the increasing adoption of printers across various end-user industries. Consequently, the sales of continuous inkjet inks are expected to grow by 1.4 times between 2022 and 2030.

In the realm of ink types, water-based inks emerge as the most widely used ink type globally, holding nearly half of the industry share in the global continuous inkjet ink market in 2022.

When considering end-user industries, the food sector stands out as the largest, accounting for approximately 2/5th of total continuous inkjet ink sales worldwide in 2022.

Regionally, East Asia takes the lead, projected to be the largest market for continuous inkjet inks in comparison to other regions across the globe. In 2022, East Asia is estimated to account for 24% of total global sales of continuous inkjet inks, and this share is expected to grow to 27% by the year 2030. These dynamics reflect the growing significance of continuous inkjet inks across industries and regions, driven by printer proliferation and evolving ink preferences.

The study examines market share, demand, growth patterns, and forecasts for the next few years. The research includes unique aspects that could have a significant impact on the industry’s development throughout the projection period. A complete market dashboard is depicted, allowing users to examine detailed information about the study.

In comparison to the rest of the world, the East Asian area is expected to have the greatest market for continuous inkjet inks. East Asia is expected to account for 24% of total global sales of continuous inkjet inks in 2022, rising to 27% by 2030. The global continuous inkjet inks industry is estimated at US$ 337.6 Mn in 2022 and is projected to reach US$ 488.6 Mn by 2030, at a CAGR of 4.7% from 2022 to 2030.

Key Takeaways of Continuous Inkjet Inks Industry Study

  • The food industry to be the key end-user of continuous inkjet inks as it is poised to account for 39.8% of the global market by 2030
  • Glass as a substrate is anticipated to register a CAGR of 6.1% during the forecast period 2022-2030
  • Water-based inks are estimated to account for nearly half of the global industry and reach slightly over US$ 220 Mn in 2030.
  • East Asia is estimated to have an incremental opportunity of US$ 61.5 Mn by 2030 with the presence of a large number of ink manufacturers
  • North America is projected to grow by 1.4X during 2022-2030. Absolute $ Opportunity in the North American industry is forecasted to be US $ 28 Mn during 2022-2030.
  • The pharmaceuticals segment amongst the other end-use industries estimated to account for 22.9% of the market share.

“Manufacturers are coming up with ink solutions such as UV curable inks for the inkjet printers. This would enhance the print quality and prevent it from degrading due to UV rays. The UV curable inks also provide enhanced life to the inkjet printers. This has led to attracting customers who prefer packaging with rigid substrates such as wood, plastic, and aluminium” says an FMI analyst.

Reduced Carbon Footprint to win Water-based Inks Steady Demand

Lately, consumers and brand owners have become more conscious of their carbon footprint. This has given an edge to the water-based inks segment when compared to the other ink types which are a mixture of PVC resin and plasticiser. Water-based inks are free from ozone depleting chemicals and hydrocarbons, which is making them popular in an environment-conscious world. Since, water-based inks are free from harmful chemicals, they extend the life of the printers, thus reducing the maintenance cycles and costs.

These inks also result in improved printability as water-based-inks soak into the substrate, which makes them enhance elaborate details of design and lettering on printed products. As brands are becoming more deliberate in choosing the right ink for product packaging, this segment is projected to witness a steady growth. The segment also stands to benefit with the food and beverage brand opting for water-based inks due to their food-safe, odor-free and nontoxic attributes.

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Market by Category

By Substrate:

  •          Paper
  •          Paper & Paperboard
  •          Cardboard
  •          Plastic Sheets
  •          Glass
  •          Metal
  •          Others (Fabrics, etc.)

By Ink Type:

  •          Aqueous / Water-based Inks
  •          Dye based
  •          Pigment Based
  •          Solvent-based Inks
  •          UV curable Inks
  •          Phase Change ink/ Hot Melt Inks

By End Use:

  •          Food
  •          Beverage
  •          Pharmaceuticals
  •          Electronical & Electronics
  •          Others

By Region:

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

Impact of COVID-19 on Continuous Inkjet Inks market

The businesses across the globe are experiencing losses and challenges due to global pandemic COVID-19. Regionally, the United States accounts for a significant consumption of continuous inkjet inks. However, the debilitating impact of COVID-19 on this region has slowed down packaging activities, impacting the sales of inks.

Europe is the second-most affected region by coronavirus outbreak and the second-largest consumer of continuous inkjet ink. Italy, Spain, France, Germany and United Kingdom being the most effected countries are set to experience sluggish growth till situation gets in control. However, disruptions in import-export due to pandemic situation have decreased the availability of raw material supply which is a biggest challenge for manufacturers.

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Continuous Inkjet Inks Market Landscape

Linx Printing Technologies, Eastman Kodak Company, Sun Chemical and Videojet Technologies, Inc. are the top players in the Continuous Inkjet Inks market. Furthermore, Kao Collins Corporation, IIMAK, Tritron GmbH, Needham Inc, Jet Inks Private Limited, Palco Industrial Marking & Labeling, Inc., Printjet USA and Squid Inks are prominent players in the Continuous Inkjet Inks market. The Tier 3 players in the market hold 40-55% in the global Continuous Inkjet Inks market. In conclusion, key players contribute almost 1/4th of the global market

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.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani 

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

Rising Demand for Biodegradable Disposable Tableware in North America: A Shift Towards Sustainable Dining Solutions

The North American biodegradable disposable tableware market is on a growth trajectory, primarily fueled by the increasing demand from cafes, restaurants, takeaways, and the growing trend of on-the-go consumption. With a heightened emphasis on sustainability and environmental consciousness, businesses and consumers in North America are increasingly shifting towards biodegradable alternatives to traditional single-use tableware.

In addition to North America, the Asia-Pacific region is also witnessing a surge in demand for biodegradable disposable tableware. This growth is further boosted by the escalating preference for packaged foods and the flourishing online food delivery industry. The market’s expansion in both regions underscores the global movement toward eco-friendly and sustainable dining solutions in response to environmental concerns and changing consumer preferences.

The global biodegradable disposable tableware market is poised for significant advancement, projected to achieve a remarkable Compound Annual Growth Rate (CAGR) of 6.4% between 2022 and 2030, ultimately reaching a valuation of US$ 18 billion by the year 2030. In 2022, the market is already showing strong growth with a recorded 6.5% increase.

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A key driver of this expansion is the food service industry, where biodegradable disposable tableware is making notable strides. These tableware options offer a combination of convenience and hygiene, making them a preferred choice for both consumers and businesses in the food service sector.

Increasing environmental awareness among the population is a significant catalyst, driving the demand for sustainability and the reduction of packaging’s impact on the environment. Over the past decade, consumer attitudes towards sustainability have shifted significantly, and this trend is expected to continue in the years to come.

Biodegradable disposable tableware, known for its lightweight, hygienic, and convenient qualities, offers a cost-effective alternative for the food service industry compared to traditional glass tableware. Consumers are increasingly recognizing the positive impact of sustainable practices on the environment, and packaging made from biodegradable materials aligns with these preferences.

Moreover, businesses embracing biodegradable disposable tableware can establish themselves as eco-friendly brands and reduce their ecological footprint. This presents a valuable opportunity for companies to gain a competitive advantage by adopting green strategies while maintaining product quality and appealing to environmentally conscious consumers. The biodegradable disposable tableware industry represents not only a sustainable dining choice but also a significant shift towards eco-friendly practices in the food service industry.

The growing awareness about the benefits of sustainable products has also fuelled the market in recent years. These are manufactured with bio-based plastic, paper and paperboard, and wood, which makes them completely biodegradable. A growing number of restaurants, cafeterias, and food joints are expected to opt for this kind of tableware as they look for cost-efficient waste management solutions.

The food and beverage industry prefers disposable packaging to avoid washing trouble and the convenience it provides to its users. Furthermore, innovations in the manufacturing of biodegradable tableware such as usage of leaf, bagasse, and starch extracted from various natural raw materials will increase production of the biodegradable disposable tableware industry .

Key points:

  1. Environmental Consciousness: The market is driven by increasing awareness and concern for the environmental impact of single-use plastic tableware, leading to a growing demand for biodegradable alternatives.
  2. Sustainable Materials: Biodegradable disposable tableware is typically made from renewable and compostable materials such as bagasse, bamboo, palm leaf, and plant-based plastics, reducing reliance on non-renewable resources.
  3. Government Regulations: Stringent regulations and policies aimed at reducing plastic waste and promoting sustainable practices are creating a favorable environment for the biodegradable disposable tableware market.
  4. Growing industry Demand: Consumers are actively seeking eco-friendly options, including biodegradable tableware, for various applications such as food service, events, and household use.
  5. Convenience and Functionality: Biodegradable disposable tableware offers the convenience of single-use items without environmental consequences, providing functional and reliable alternatives for everyday use.

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Key Takeaways: 

Paper & paperboard as a material is poised to account for more than 2/3rd of the biodegradable disposable tableware market by 2030

The bio-based biodegradable plastic segment is gaining significant traction as this plastic is made from renewable resources instead of fossil fuels, reducing its carbon footprint. The segment is likely to witness a CAGR of 6.1% during the forecast period

Trays are estimated to account for more than 45% of the industry share by value during the forecast period

The foodservice industry is estimated to be the key end user of biodegradable disposable tableware and is poised to account for over 60% of the global biodegradable disposable industry by 2030

Asia Pacific is estimated to represent an incremental opportunity of over US$ 5Bn by the end of next five years

Region-wise Insights

Demand for biodegradable disposable tableware in Europe is likely to be healthy in the long run owing to consumers’ awareness and inclination towards buying products that offer environmental benefit. Biodegradable disposable tableware market is significantly influenced by demand from food service industry.

The biodegradable disposable tableware industry is likely to grow in North America driven by demand from cafes, restaurants, take-away, and on-the-go consumption. Furthermore, rising demand for packaged foods and online food deliveries is anticipated to increase demand for biodegradable disposable tableware in the Asia-Pacific.

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Market Segmenatation: 

 By Product

  • Plates
  • Bowls
  • Cups
  • Trays
  • Cutlery

 By Material

  • Pulp & Paper
  • Bioplastics
    • Starch-based Bioplastic
    • Polylactic Acid (PLA)
    • Polybutylene Succinate (PBS)
    • Polyhydroxybutyrate (PHB)
    • Others (PHA, etc.)

 By Packaging Application

  • Food
    • Fresh-cut Fruits & Vegetables
    • Processed Food Products
    • Ready-to-Eat Meals
    • Soups
    • Other Foods
  • Beverages
    • Carbonated Beverages
    • Non-carbonated Beverages

 By End-use

  • Commercial Use
    • Full Service Restaurants
    • Quick Service Restaurants
    • Catering
    • Others (cafes, Lounges, etc.)
  • Institutional Use
  • Household Use

 By Region

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

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.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani 

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

Mobile Fuel Delivery Market: CAGR of 7.1% Expected, Valued at US$ 5,064.1 Million in 2023

According to projections, the worldwide mobile fuel delivery market would increase at a Compound Annual Growth Rate (CAGR) of 7.1% over the course of the forecast year. The market is projected to be worth US$ 5,064.1 million in 2023 and is expected to grow to an astounding US$ 10,086.4 million by 2033. Numerous causes, including notable advancements in mobile gasoline delivery technologies, are responsible for this rise.

Numerous advancements have resulted from engine downsizing and component weight reduction, opening up a large market for mobile fuel distribution.The fuel delivery system is made up of a number of crucial elements that each play a crucial part in the proper distribution of fuel, so the size of the mobile fuel delivery market is also growing.

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Key Takeaways:

  • North America’s mobile fuel delivery market is likely to offer numerous opportunities and holds a major mobile fuel delivery market share due to the demand for new and sophisticated vehicles.
  • Asia-Pacific is expected to move forward at a rapid pace in the global mobile fuel delivery market, owing to rising demand for vehicle fuel delivery systems in the region.
  • Europe is regarded as a mature market with slow growth in comparison to others. Furthermore, improved financial and population status are expected to drive global market expansion.
  • The sale of passenger and commercial vehicles is expected to rise in emerging economies such as India and China in the coming years.
  • The mobile fuel delivery market size accounted for US$ 4.6 billion in 2021.

Region-wise Insights -Category-wise Insights

For a comprehensive understanding of the Mobile Fuel Delivery Market, region-wise and category-wise insights are essential. Each region may exhibit unique trends and challenges, while different vehicle categories may have varying fuel delivery requirements. These insights will be vital for market participants to tailor their strategies and offerings accordingly.

In conclusion, the Mobile Fuel Delivery Market is on a growth trajectory, driven by technological advancements and a range of opportunities across multiple vehicle categories. Market players should keep a keen eye on regional trends and category-specific dynamics to harness the full potential of this burgeoning market.

Competitive Landscape:

Some of the leading mobile fuel delivery companies include InstaFuel, Fuel logic, Shipley Energy, OCCL, The Fuel Delivery, Booster Fuels, Filld, Cafu, UAE, Gaston Services, Fuelster Technologies Inc., Rhino Fuel, Atlas Oil, HPCL, BPCL, Shell, Repos Energy, Ezfill.

A few of the recent developments in the mobile fuel delivery market are as follows:

  • In India, Stanadyne introduces innovative and low-cost gasoline and diesel systems.
  • Mercedes-Benz presented diesel pre-production hybrid models at the Geneva Motor Show.
  • Pricol has announced the development of a new line of fuel pump modules for Bajaj and a few other customers.

This vertical is heavily reliant on Chinese imports, and the company is actively working to localize many of the key import parts over the next 12 months, thereby reducing our FOREX outflow.

Competitive Landscape-Regional Trends

The competitive landscape of the Mobile Fuel Delivery Market is characterized by a dynamic mix of established players and emerging entrants. Regional trends play a crucial role in shaping the competitive dynamics. As the market evolves, regional players are expected to leverage their local expertise and networks to gain a competitive edge. The interplay of these regional dynamics will be a key factor to watch in the coming years.

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Key Segments

By Fuel Type:

  • Diesel
  • Diesel Exhaust Fluid
  • Red Diesel
  • Gasoline
  • Bulk Fuel

By Equipment:

  • Truck
  • Generators
  • Construction Equipment
  • Landscaping Equipment
  • Reefers
  • Bulk Tanks

By End Use:

  • Residential
  • Commercial
  • Agriculture

By Region:

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

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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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Industrial Transceivers Market 2018 Development Status, Competition Analysis, Type and Application 2027

The industrial transceiver market is expected to develop at a 6.6% annual pace in 2019. It is expected to be driven by a number of distinct elements that are strongly associated with the demand and revenue picture of the worldwide environment.

The most notable of these are strict regulatory requirements, intricate pricing schemes, and extremely particular specifications for raw materials and designs; however, a recent analysis by Future Market Insights also emphasises the growing significance of strategic alliances between suppliers and manufacturers of industrial transceivers. a dispersed supply base impacting the world economy.

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The healthy growth prospects for the global industrial transceiver market are mainly attributable to the growing smart city projects worldwide. “With the recent increase in industrial automation, the demand for low-power, energy-efficient automation equipment continues to grow. This will remain one of the key factors driving the demand and revenue growth of the global industrial transceiver market,” said Chief Research Analyst.

Power management applications present significant opportunities.

Application-based adoption of industrial transceiver technology will remain at a maximum in the area of ​​applications related to power management. The report forecasts strong annual revenue growth for the Power Management Applications segment compared to other applications in Industrial Transceivers including EV, Renewable Energy, Smart Grid, Motor Control and Drive, Data Processing and Communications, Lighting, Automation.

Procurement of multimode industrial transceivers for increased speed

Among wavelength division multiplexing technology, single-mode industrial transceiver technology and multi-mode industrial transceiver technology, the latter brings multi-mode transmission and includes a larger core for superior functionality. The industry also favors the integration of multimode industrial transceiver technology over other technologies to facilitate the short-range requirements of network infrastructure.

The report states that the procurement of multi-mode industrial transceiver technology is more likely to accelerate in the next few years due to larger cores, driving the overall demand for multi-mode industrial transceivers in the global environment.

Latin America in the spotlight

With an outstanding presence as a leading provider of transceiver solutions in the industry, North America is likely to have the largest share of the industrial transceiver market in terms of revenue. The report also reaffirms Europe’s significant market value share in the coming years.

However, Latin America is poised to emerge as a very lucrative pocket for investors due to the widespread deployment of industrial automation-assisted equipment, particularly in data management and telecommunication sectors. This report predicts that the revenue of the industrial transceiver market in Latin America will grow significantly annually.

MEA has also positioned itself as a region with excellent growth potential in the industrial transceiver market over the next few years, owing to an increase in R&D projects in the field of renewable energy and an increase in the establishment of advanced power management projects.

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Meanwhile, government-friendly initiatives related to industrial automation and smart cities are providing strong impetus to the industrial transceiver landscape in Asia Pacific (excluding Japan). “Singapore, Malaysia and Australia will play an important role in boosting the revenue growth prospects for the industrial transceiver market at APEJ,” said an FMI analyst.

FMI conducts a thorough assessment of the competitive environment.

The report points out significant revenue shares of Texas Instruments Incorporated and Infineon Technologies AG in the industrial transceiver market. An extensive analysis of the key players operating in the global industrial transceiver landscape reveals the most prominent development strategies adopted by the leading players in the industrial transceiver sector.

In the report, FMI introduces some of the leading players competing in the global Industrial Transceiver sector to provide insights from a strategic perspective. Analog Devices, Inc. and AMS Technologies, the report includes Cisco Systems, Fujitsu Optical Components Limited, Finisar Corporation, Maxim Integrated, Huawei Technologies Co., Ltd., MaxLinear, Renesas Electronics Corporation, Microsemi, Nordic Semiconductor, ZTE Corporation and STMicroelectronics.

  • Suppliers and manufacturers will continue to benefit from long-term contractual partnerships, which will further accelerate the company’s technological innovation efforts, ultimately supporting new product development and launch.
  • As interest in product customization grows, we continue to add value to the existing portfolios of key players in the industrial transceiver market, helping them expand their existing customer base.
  • It is expected that the majority of existing industrial transceiver solution providers will focus on providing specialized application-specific industrial transceiver solutions.

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

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