Market Research Blog – Page 4273 – New Product Development

Anti-Biofilm Wound Dressing Market is on a trajectory towards impressive growth, potentially reaching US$ 1939.45 million by 2033

The Anti-Biofilm Wound Dressing Market refers to the segment of the healthcare industry that focuses on developing and providing wound dressings specifically designed to combat biofilm formation in wounds. Biofilms are complex communities of microorganisms, such as bacteria and fungi that form on surfaces and can be particularly problematic in chronic wounds. These biofilms can hinder the wound healing process, contribute to persistent infections, and increase the risk of complications.

Anti-biofilm wound dressings are designed to prevent, disrupt, or remove biofilms from wounds, thereby promoting faster and more effective wound healing. These dressings often incorporate antimicrobial agents or other technologies that help inhibit or eradicate biofilm formation. They may also provide moisture management, exudate absorption, and protection to the wound bed.

The market for anti-biofilm wound dressings has been growing in recent years due to the increasing prevalence of chronic wounds, such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers. The demand for these dressings is driven by the need for advanced wound care products that can address the challenges posed by biofilms and improve healing outcomes.

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The Wound Dressing for Anti-Biofilm Anti-biofilm wound dressing market share is anticipated to grow from US$ 782.60 million in 2023 to over US$ 1939.45 million by 2033, at a CAGR of 9.5%. The prevalence of both acute and chronic wounds is predicted to rise, which is increasing demand for anti-biofilm wound dressings.

“Telehealth has played a key role in the strong recovery of the wound care market. Various healthcare providers have developed telehealth platforms to effectively manage patients with chronic and acute wounds.” says a lead analyst at Future Market Insights.

Key Takeaways from Market Study:

The market for anti-biofilm wound dressing is expected to record a CAGR of 9.5% over the forecast period.
According to estimates, the anti-biofilm wound dressing market in North America may remain strong throughout the length of the forecast period.
Acute wound segment dominated the market and is expected to record a CAGR of 9.3%.

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Competitive Landscape:

Several prominent companies dominate this market, including ConvaTec, Smith & Nephew PLC, Urgo Medical, Coloplast, and 3M.
Anti-biofilm wound dressing has developed significantly in the industry through partnerships, acquisitions, and research and development. These strategies have resulted in major developments.

Recent Developments:

Convatec Inc. acquired Triad Life Sciences Inc. in March 2022 for US$ 450 million. This acquisition was made with the aim of strengthening its portfolio of biomedical products for surgical wounds and chronic wounds.
The FDA cleared an antimicrobial matrix product made by Imbed Biosciences, Microlyte Matrix, in April 2021. The product can be used to treat surgical, traumatic, and chronic wounds.
For the treatment of diabetic foot ulcers, pressure ulcers, leg ulcers, and dehisced surgical wounds, ConvaTec Group Plc (ConvaTec) launched a new medication called “ConvaMax” in January 2020. As well as adhesion-free options, the product is also available in non-adhesive forms, allowing for total flexibility when it comes to integrating compression bands and other main dressings.
In January 2018, Imbed Biosciences introduced the market with Microlyte Ag after raising over US$ 1.6 million to research silver-based anti-biofilm wound dressings.
As a result of this acquisition, Smith & Nephew PLC expanded its product portfolio for advanced wound management, increasing its market share and customer base. In April 2019, the company acquired Osiris Therapeutics, Inc., a regenerative medicine company. As a result of this acquisition, the company will boost its growth by expanding its product portfolio for advanced wound management.

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Key Companies Profiled:

ConvaTec
Smith & Nephew PLC
Urgo Medical
Coloplast
3M

Anti-biofilm Wound Dressing Market Segmentation by Category:

By Mode of Mechanism:

Physical
Chemical
Biological

By Wound Type:

Chronic Wounds
Acute Wounds

By End User:

Hospitals and Clinics
Surgical Centers
Other End users

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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India Steel Drum & IBC Market Size Rising to US$ 468.7 million by 2033: In Depth Industry Analysis

India Steel Drum & IBC Market are expected to achieve a substantial valuation of approximately US$ 281.2 million in 2023, while the IBC market is poised to reach an estimated US$ 170.5 million. Projections for the coming decade suggest robust growth, with steel drums and IBCs witnessing impressive Compound Annual Growth Rates (CAGRs) of approximately 4.6% and 3.8%, respectively.

The escalating demand for enhanced product protection and product authenticity, especially within the chemical industries, is anticipated to drive the sales of both steel drums and IBCs in India. The market for steel drums and IBCs is projected to expand significantly, estimated to reach approximately 1.7 times and 1.6 times their current market values, respectively, during the forecast period. This growth underscores the importance of reliable and robust packaging solutions in India’s evolving industrial landscape.

Looking ahead to the year 2033, the India steel drum industry is anticipated to achieve a substantial market valuation, with projections indicating a figure of US$ 468.7 million. Simultaneously, the India IBC market is set to follow suit, with a forecasted market value of approximately US$ 260.5 million, signifying promising growth in both industrial packaging sectors.

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Key Trends Shaping Growth in the Market

Accelerated Industrial Growth: The booming expansion of sectors like chemicals, petroleum, food & beverages, among others, is poised to substantially boost the demand for steel drums and IBCs, aligning with their robust requirements.

Rising Environmental Consciousness: The increasing recognition of how packaging solutions influence product shelf life and sustainability will drive the uptake of steel drums and IBCs as environmentally-friendly choices, contributing to the overall awareness of responsible packaging.

Burgeoning Import-Export Operations: The escalating levels of import and export activities within India are expected to provide a significant impetus to the sales of steel drums and IBCs, given their pivotal role in the transportation and storage of goods.

Drivers:

Industrial and Chemical Sectors: The growth of industrial and chemical sectors in India, which require reliable and robust packaging solutions, is a major driver for the steel drum and IBC market.
Safety and Durability: Steel drums and IBCs are known for their durability and ability to safely store and transport hazardous materials, making them essential in industries where safety is paramount.
Sustainable Packaging: Increasing awareness of environmental concerns and sustainable practices is driving the demand for reusable and recyclable steel drums and IBCs as eco-friendly packaging solutions.
Economic Growth: India’s economic growth, coupled with the expansion of various industries, including pharmaceuticals, food and beverages, and chemicals, is creating a growing market for steel drums and IBCs.
Government Regulations: Regulations and standards governing the safe transportation of hazardous materials are compelling businesses to invest in high-quality steel drums and IBCs to comply with safety guidelines.

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Increasing Demand for Industrial Packaging Solutions to Boost the Market

Steel barrels represent a pragmatic and sustainable choice for the storage and conveyance of materials due to their exceptional longevity and minimal environmental impact.

In light of India’s burgeoning industrial landscape, there is an increased demand for steel drums and IBCs, making them prominent fixtures in the country’s industrial packaging sector. Key sectors driving this demand encompass the chemical, pharmaceutical, and food processing industries.

Steel, renowned for its strength and durability when compared to alternative materials, is poised to play a pivotal role in meeting the escalating demand for steel drums and IBCs. The growth of industries, notably pharmaceuticals, food and beverage, and chemicals, is expected to act as a catalyst for the surge in demand for these reliable industrial packaging solutions.

Key Players

Grief Inc.
Mauser Group B.V.
Hanningfield
Pyramid Technoplast Pvt. Ltd
TPL Plastech Limited
Vizag Chemical International
Shree Dwarkesh Chem Industries
Balmer Lawrie & Co. Limited
Metal Seam Co. Pvt. Ltd
The East India Drums & Barrels Mfg. Co.
Sicagen India Limited
Industrial Engineering Corporation
Tripura Containers Private Limited
ABCD Drums & Barrels Industries
Pearson Drums & Barrels Private Limited
Vimal Barrels Pvt. Ltd.
Kumar Containers Pvt. Ltd
Scoya Pharmatech
Agarwal Packaging Pvt. Ltd

India Steel Drum Market by Category:

By Material:

Carbon Steel/Mild Steel
Stainless Steel

By Head Type:

Open Head
Closed head

By Content:

Solid and Semi-solid
Liquid

By End Use:

Industrial Chemicals
Petroleum & Lubricants
Food
Beverages
Building & Construction
Healthcare & Pharmaceutical
Agricultural & Allied Products
Others Industrial Uses

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About Future Market Insights (FMI)

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

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Magnesium Chloride Industry Targeting US$ 580.3 Million by 2031 with a 4.3% CAGR

The global magnesium chloride industry is anticipated to expand at a steady 4.3% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Consumption of magnesium chloride is increasing due to increased demand for deicing services. The increasing demand for magnesium chloride from the deicing and chemicals & derivatives industries is expected to considerably contribute to the market’s growth.

A increase in demand for magnesium chloride from specific places with extreme cold weather conditions is driving the market. Because magnesium chloride is hygroscopic and quickly absorbs moisture from the environment, it is beneficial in a range of industries such as construction and dust suppression.

Because of its widespread use in reducing dust in industrial areas, the growing construction and mining industries are likely to drive up demand for magnesium chloride.

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Magnesium chloride is widely employed in a variety of industries, including deicing, dust suppressants, chemicals and derivatives, construction materials, pharmaceuticals, food and feed, and others. Magnesium chloride is widely used in the construction and pharmaceutical industries, which is projected to drive the market during the forecast period.

The global magnesium chloride market is estimated to exceed US$ 580.3 million by the end of 2031, growing at a compound yearly growth rate of 4.3% during the assessment period, according to the report.

Geographically, East Asia is likely to lead the market, and this trend is expected to continue in the future evaluation period. The global magnesium chloride market is expected to exceed US$ 580.3Mn by 2031, owing to the aforementioned causes.

Key Takeaways:

By grade, demand for industrial Magnesium Chloride is expected to surge at a 4.1 % CAGR over the forecast period.
The food & pharmaceutical grade Magnesium Chloride segment is projected to hold approximately 27% of the total market share in 2021.
Deicing segment of Magnesium Chloride market is anticipated to grow at 4.5 % CAGR through 2031.
Magnesium Chloride Market in the U.S. is anticipated to reach US$ 105.8 Mn by year in 2031.
China will emerge as an attractive Magnesium Chloride market, with sales growing at a 6.1 % CAGR in 2021.
Liquid form of Magnesium Chloride is expected to account for over 26.9% of the East Asia Magnesium Chloride market share in 2021.
Japan and South Korea will collectively account for 7% of the total Magnesium Chloride market share through 2021.

“Over the assessment period, sales of magnesium chlorides are expected to be driven by the growing application in deicing and chemicals industries. Besides this, the demand in the followed by construction and pharmaceuticals sectors also will create attractive sales prospects” says an FMI analyst.

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Competitive Landscape

Key participants in the global magnesium chloride market elaborated in the report includes Israel Chemicals Ltd., K+S Aktiengesellschaft, Compass Minerals International, Inc., Shandong Haihua Group Co. Ltd., Huitai Investment Group Co., Ltd, Intrepid Potash, Inc., Tianjin Changlu Haijing Group Co., Ltd, DEUSA international GmbH, Nedmag B.V, Nikomag OJSC and others.

Leading players are focusing on collaborations, mergers, and acquisitions to expand their production facilities and distribution channels. For instance:

K+S Aktiengesellschaft decided to provide heavy investment to a new salt brine field in the Netherlands. The new brine field is expected to be developed for directional drilling by 2019 and operational by 2021 end. It will further improve the company’s production capacity by 25% and bring the production level to 1.2 million tpa.

Key Segmentation

By Product Form:

Liquid
Solid
Flakes
Prills/Pellets

By Grade:

Industrial
Food & Pharmaceuticals

By Application:

Deicing Agent
Dust Suppressants
Chemicals & Derivatives
Building Materials
Pharmaceuticals
Food & Feed
Others

About Future Market Insights (FMI)

Contact Us:

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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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Pediatric Home Healthcare Market is on an upswing, with expectations of hitting US$ 197 Billion by 2033

The global Pediatric Home Healthcare Market is worth US$ 38 Billion as of now and is expected to reach US$ 197 Billion by the year 2033 at a whopping CAGR of 16.3% between 2023 and 2033.

Life-sustaining pediatric home healthcare services are found to have reduced the hospital stays for the ones with respiratory, neurological, and cardiac disorders. The Natural Survey of Children with Special Healthcare Needs states that more than 20% of children aged between 5 and 19 need exclusive medical care. While incidences of CSHCN (Children with Special Healthcare Needs) increasing, availability of the pediatric home healthcare services enhances quality of lives for such children, thereby drastically reducing medical expenses.

Assistive devices/equipment like CPAP, ventilators, apnea monitors, nebulizers have let infants with various complex diseases for being discharged from the neonatal intensive care units and continue with medical assistance through pediatric nursing care at home. Plus, skilled nursing services are growing owing to increase in number of children contracting complex medical conditions like cerebral palsy, epilepsy, asthma, and cystic fibrosis.

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Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Pediatric Home healthcare market’. It has its team of analysts and consultants to deploy an eagle’s eye view in its primary, secondary, and tertiary modes of research.

“With advanced technologies being available to provide continuous medical assistance and continuous care to the children (with medical complexities) at home, the global pediatric home healthcare market is bound to grow remarkably in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Pediatric Home Healthcare Market:

North America holds more than 30% of the market share. This could be credited to increasing awareness regarding pediatric home healthcare. Research states that close to 500K adolescents and infants with exclusive medical needs need several therapeutic and medical services at their homes. Also, pediatric home healthcare market cuts down on hospital expenditure.
The Asia-Pacific is expected to witness growth at the highest rate in the pediatric home healthcare market in the near future with India and China leading from the front. This could be attributed to call for being budget-friendly regarding pediatric care.
Europe holds the second-largest market share with the UK being the torchbearer; and the situation is expected to remain unchanged even in the forecast period.

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Competitive Analysis:

Netsmart, in October 2020, entered into collaboration with Aveanna Healthcare with the objective of aligning over 200 sites in 23 states, thereby facilitating significant expansion as well as scale while ascertaining quality during treatment.
Bayada Home Health, in November 2020, entered into a joint venture with Baptist Home health to be able to treat patients better at home where they are capable of flourishing and recuperating.
Mary’s Home Care, in December 2020, did announce the offering of novel rehabilitation services for critically ill children.
Expressable, in December 2020, did create telemedicine solution for those suffering from speech-language challenges.

What does the Report drive home?

The research study is based on specialty (skilled nursing service, personal care assistance, and rehabilitation therapy services).
With increase in the number of children needing special care, the global pediatric home healthcare market is expected to grow well in the forecast period.

Key Companies Profiled:

Aveanna Healthcare, Inc.
DJK Home Healthcare LLC
BAYADA Home Health Care
Tendercare Home Health
BrightStar Care
Angels of Care Pediatric Home Health
New England Home Care, Inc.
Pediatric Home Healthcare
Enviva Paediatric Care
Interim Healthcare Inc.

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Market Segments Covered in Pediatric Home Healthcare Market Analysis

By Specialty:

Skilled Nursing Service
Personal Care Assistance
Rehabilitation Therapy Services

By Region:

North America
Latin America
Europe
APAC
Middle East & Africa (MEA)

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Digital Rights Management Market: Anticipated Growth to Reach US$ 17.8 Billion by 2032, with an Impressive 13.5% CAGR

The digital rights management market is poised for remarkable growth in the coming years, with an estimated valuation of US$ 17.8 billion by 2032. This projection reflects a robust compound annual growth rate (CAGR) of 13.5% spanning the decade from 2022 to 2032

This exceptional market expansion can be attributed to the escalating importance of safeguarding digital content and intellectual property in an increasingly digital-centric world. With content creators, media companies, and various other stakeholders prioritizing the protection of their digital assets, digital rights management solutions are set to play a pivotal role in preserving and monetizing these assets securely.

As the digital landscape continues to evolve, the digital rights management market is expected to remain a vital component of the global digital ecosystem, ensuring the integrity and profitability of digital content and services.

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In addition, with the increasing demand for OTT content, the market is likely to witness notable opportunities for expansion in the assessment period. The increasing popularity of OTT platforms like Netflix, Hulu, Amazon Prime, and Disney Plus among others is predicted to positively influence the market. On the contrary, additional overhead costs and associated complexities with DRM are likely to hinder the market growth in the coming time. However, continuous developments in data security like up-gradation to end-to-end encryption are expected to counter the negative factors and support the market expansion in the coming years.

Key Takeaways from the Market Study:

The global digital rights management market to value US$ 17.8 Billion from 2022-2032
The global digital rights management market to witness a 13.5% growth rate from 2022-2032
The software segment, by component, is to expand at 9.8% CAGR from 2022-2032
The On-premise segment, by deployment, is to exhibit a 6.7% growth rate by 2032
The U.S market to expand at 9.8% CAGR and garner US$ 3.1 Billion by 2032
Market in China to procure USD 90 Mn from 2022-2032
Indian market to secure US$ 500 Million during the forecast period

Competition Analysis:
Key players in the global digital rights management market include Adobe Systems Incorporated, Apple Inc., Conax AS, Dell EMC, and Fasoo.com Inc., among others. Recent key developments among players include:

In January 2020, Seclore, a data-centric security platform in the U.S., rolled out Seclore for O365. Organizations are using digital rights management technologies to secure sensitive data information.
In February 2021, RAIR Technologies announced a decentralized digital rights management platform. It was built to power digital scarcity for creators.

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Digital Rights Management Market Segmentation:

By Component:

Digital Rights Management Software
Digital Rights Management Services

By Deployment Type:

On-Premise Digital Rights Management
Cloud-Based Digital Rights Management

By End-Use Industry:

Digital Rights Management for Healthcare
Digital Rights Management for BFSI
Digital Rights Management for Government
Digital Rights Management for Media and Entertainment
Digital Rights Management for Retail
Digital Rights Management for Other End-Use Industries

By Region:

North America
Europe
Asia-Pacific
Middle East & Africa
South America

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Recordable Optical Disc Market: A 3% CAGR Expected to Propel Growth to US$ 2 Billion by 2029

The recordable optical disc market which was valued at approximately US$ 2.5 billion in 2022, is expected to decline in the coming years (FMI) According to the report, the Recordable Optical Disk Market is expected to decline at a CAGR of 3% over the forecast period (2022-2029) to reach a market valuation of US$ 2 Bn by the end of 2029. as a general sense of aging poses a potential threat According to FMI’s investigation, the languor is despite the reliance on visual structures for capacity.

The global recordable optical disc market is expected to have total assets of US$ 2.5 billion in 2022, but is expected to decline at a CAGR of -3% over the forecast period (2022-2029) to reach a market valuation of US$ 2 billion by the end of 2029.

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According to the report, the growth of well-known media-administrations suppliers, for example, Spotify, Apple Music, and TIDAL, began to exert pressure on the ubiquity of recordable optical disc designs. Media specialist organizations redesigned media usage guidelines, and the reception rate of these media web-based features grew rapidly.

‘Manufacture-On-Demand’ DVDs and Blu-Ray Discs- Marking a New Milestone for Growth

As per the report, the trend of ‘manufactured-on-demand’ DVDs and Blu-rays of popular TV shows and movies is favoring the market players. For instance, Amazon exclusively sells a series of ‘manufactured-on-demand’ DVDs and Blu-rays of popular Nickelodeon shows and movies.

Moreover, popular media-services providers, such as Netflix, have also started bringing back popular TV series and movies in DVDs and Blu-ray formats to treat their loyal subscribers, which in turn has resulted in a promising comeback for DVDs and Blu-ray discs.

The report opines that Blu-ray discs will continue being the top seller, with revenues estimated to approach US$ 2 Bn in 2022. Optimum storage capacities with ‘best-in-class’ features remain two of the key selling points of Blu-ray discs. Sales of the recordable optical disc via online channels will continue to put offline channels in the shade.

Professional Use of Recordable Optical Disc to Show Positive Leaps,

As per the report, media houses continue to rely on recordable optical disc formats for local storage, followed by software and IT ecosystems. Key players in the recordable optical disc market are focusing on incremental innovations that would further help them boost their sustenance in the market.

Apart from product features, brands are also focusing on nourishing the longevity of their recordable optical disc offerings via reflective layers. In addition, strategic partnerships seem the best way forward for the brands to sustain considerable revenue growth, states the research study.

Competitive Landscape:

Recordable optical disc manufacturers are struggling to make sales due to the increase in popularity of advanced storage technologies that are being widely adopted. However, recordable optical disc suppliers are now focusing on data security and secure data storage for enterprise use and are trying to boost their sales revenue via commercial channels of application.

In July 2021, Apple TV+, a subscription-based streaming service, announced the launch of its first physical media disc release. The title ‘Defending Jacob’ a limited series was released on DVD storage media and Blu-ray. More titles are expected to be released on physical discs from the Apple TV+ streaming service.
In June 2020, Sony a leading electronics manufacturer announced the launch of a new optical disc capable of storing data for 100 years. The new disk is capable of reading at a rate of 3 Gbps and writing at a rate of 1.5 Gbps.

Key Companies:

RITEK Corporation
CMC Magnetics Corporation
Singulus Technologies
LITE-ON Corporation
Falcon Technologies International LLC
Princo Corp.
R Image Corp.
Vinpower Digital
Disc Makers
Primera Technology
Verbatim

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Recordable Optical Disc Industry Segmentation:

By Product Type:

Compact Discs (CD)
Digital Versatile Discs (DVD)
Blu-ray Disc

By Sales Channel:

Online Sales of Recordable Optical Discs
Offline Sales of Recordable Optical Discs
Sales of Recordable Optical Discs by Distributors
Sales of Recordable Optical Discs by Resellers
Direct Sales of Sales of Recordable Optical Discs

By End Use:

Recordable Optical Discs for Consumers
Recordable Optical Discs for Professionals

By Storage Capacity:

Below 5GB Recordable Optical Discs
5-10 GB Recordable Optical Discs
Above 10 GB Recordable Optical Discs

By Region:

North America Recordable Optical Disc Market
Latin America Recordable Optical Disc Market
Europe Recordable Optical Disc Market
East Asia Recordable Optical Disc Market
South Asia & Pacific Recordable Optical Disc Market
Middle East & Africa (MEA) Recordable Optical Disc Market

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Carbon negative Packaging Industry Projected 6.5% of High CAGR by 2033: In Depth Industry Analysis

The Carbon negative Packaging Industry is projected to experience significant growth. It is estimated to reach a value of US$ 77.0 Million in 2023 and is projected to increase to US$ 145.0 Million by 2033. The sales of Carbon negative Packaging are predicted to expand at a substantial compound annual growth rate (CAGR) of 6.5% during the forecast period.

The packaging industry is currently grappling with substantial obstacles stemming from its adverse environmental footprint. Conventional packaging materials like plastics and metals are notorious contributors to pollution, resource scarcity, and climate alteration. Consequently, there is a pressing demand for alternative packaging solutions that can mitigate these detrimental consequences.

Consumers are increasingly demanding sustainable products and packaging. By adopting Carbon negative Packaging, companies can enhance their brand image, attract environmentally conscious consumers, and gain a competitive edge in the market.

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A promising solution has emerged like Carbon negative Packaging as the negative impact of traditional packaging materials on the environment becomes apparent. This innovative approach offers the potential to not only reduce carbon emissions but also remove existing carbon from the atmosphere.

Key Benefits of Carbon negative Packaging

Carbon Footprint Mitigation: The packaging industry can make significant strides in mitigating its carbon footprint by embracing carbon-negative materials and methods. This proactive approach aligns with the global imperative to combat climate change and work towards achieving carbon neutrality.

Climate Change Alleviation: Carbon negative Packaging serves as a critical instrument in addressing climate change issues by actively sequestering carbon dioxide from the atmosphere. This active removal aids in stabilizing and reducing greenhouse gas concentrations, fostering a more sustainable and environmentally sound planet.

Drivers:

Environmental Concerns: Growing awareness and concern about climate change and carbon emissions drive the adoption of Carbon negative Packaging. Companies and consumers are seeking eco-friendly alternatives to reduce their carbon footprint.
Regulatory Support: Government regulations and policies promoting sustainable and low-carbon packaging options encourage businesses to embrace Carbon negative Packaging solutions.
Consumer Demand: As consumers increasingly prioritize eco-friendly and sustainable products, Carbon negative Packaging has gained popularity as a way to reduce carbon emissions and environmental impact.
Corporate Social Responsibility: Many companies are adopting Carbon negative Packaging as part of their corporate social responsibility (CSR) initiatives, aligning with sustainability goals.
Innovation in Materials: Advances in materials and packaging technology have led to the development of carbon-negative materials and packaging designs, making them more competitive.

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Latest Developments:

Loop Industries, a leading producer of innovative plastic upcycling technology, has formed a strategic alliance with SK Global Chemical, a subsidiary of SK Group.
Novamont, an Italian bioplastic and biochemicals company, collaborated with UPM Biofuels, a developer of advanced biofuels, to create sustainable and biodegradable materials for packaging applications.
Danimer Scientific, a global provider of speciality films and packaging solutions, has partnered with Plastic Suppliers, a renowned maker of biodegradable and compostable bioplastics.

Regional Analysis

Analyzing the regional landscape, North America has witnessed significant adoption of Carbon negative Packaging due to its commitment to sustainability, strict environmental regulations, and growing consumer awareness. The well-established food and beverage industry in the region has played a crucial role in driving the usage of Carbon negative Packaging.

Europe, known for its sustainability efforts and ambitious emission reduction goals, has been at the forefront of Carbon negative Packaging usage. The food and beverage industry in Europe has been a key driver, with consumers prioritizing eco-friendly packaging and governments implementing strict regulations and extended producer responsibility initiatives.

In the Asia Pacific region, there are a few factors that have led to the significant adoption of sustainable packaging solutions which include:

A combination of factors such as government environmental regulations.
A growing middle class with increased purchasing power.
Rising environmental consciousness.

Governments in this region have introduced environmental rules and legislation that support sustainable packaging practices and encourage research and development in eco-friendly materials and technologies.

Carbon negative Packaging represents a transformative approach to packaging that can contribute significantly to reducing carbon emissions and mitigating climate change. As we continue to seek viable solutions to the global sustainability crisis, Carbon negative Packaging stands out as a beacon of hope for a green and resilient planet.

Key Companies Profiled:

Phillips Carbon Black Limited
Birla Carbon USA, Inc.
Continental Carbon India Limited
Cabot Corporation
Tokai Carbon Group (Cancarb)
Sealed Air Corporation
Pregis Corporation
DS Smith Plc
Achilles Corporation
Delphon Industries, LLC
Smurfit Kappa Group
Storopack Hans Reichenecker GmbH
Desco Industries Inc.
Nefab Group
Teknis Limited, Elcom (United Kingdom) Ltd.
GWP Group Limited
International Plastics Inc.
AUER Packaging GmbH
Pure-Stat Engineered Technologies, Inc.
Protective Packaging Corporation
Key Segments

Carbon negative Packaging Industry Segmentation:

By Packaging Material Outlook:

Bioplastics
Engineered Wood Products
Green Concrete
Algae-Based Materials
Others

By End-User Outlook:

Food & Beverages
Pharmaceutical and Healthcare
Personal Care & Cosmetics
Others

By Region:

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

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Digital Transformation in Healthcare Market Surges as it Sets Sights on US$ 253.6 Billion by 2033

The global digital transformation in healthcare market is valued at approximately US$ 65.2 billion in 2023. It is anticipated to grow to about US$ 253.6 billion by 2033, with a consistent annual growth rate of 14.5% from 2023 to 2033.

As digital health platforms like telehealth, mobile health, and wireless technologies become more common in medical facilities and nursing homes, they are providing patients with immediate access to medical care. This has made digital health a widely recognized term in healthcare.

The impact of digital technology on various sectors such as public, retail, banking, financial services, and insurance (BFSI), and production is tremendous, but it has evolved into a game-changing technology in the medical field as end users’ reliance on digital health platforms grows.

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The emergence of healthcare smartphone applications and incentive proposals by government agencies have performed an essential part in the healthcare sector. With this scenario anticipated to continue in the coming years, the healthcare market’s digital transformation will likely accelerate. Furthermore, in nations such as Germany, the United States, China, and others, digital healthcare is regarded as an emerging technology.

Key Takeaways from the Digital Transformation in Healthcare Market Report:

Between 2018 and 2022, the digital transformation in healthcare market grew at a CAGR of 21.4%.
As per the report, the United States accounted for 21.2% of the global market in 2022.
Over the forecast period, the digital transformation of healthcare in the United Kingdom is expected to grow at a CAGR of 16.1%.
Over the forecast period, the digital transformation of the Chinese healthcare market is expected to grow at a CAGR of 15.5%.
The hospitals and clinics segment was expected to account for 39.7% of the market in 2022.

Competitive Landscape:

The digital transformation of the healthcare sector demonstrates a fragmented rivalries landscape, with major brands focusing on forming alliances and working together with local and regional manufacturers and distributors to broaden their international reach.

HCL Technologies and Alteryx, Inc., a leader in analytic process automation (APA), disclosed a global strategic alliance in February 2021 to assist firms around the world in achieving their analytics automation and digital transformation goals. HCL has also been identified as an Alteryx Elite Alliance Partner as part of this joint venture.
Wipro Ltd. disclosed a partnership with IBM Corporation in June 2020 to help Wipro customers embark on a seamless and secure hybrid cloud journey. Wipro will create hybrid cloud offerings to assist businesses in managing, migrating, and transforming mission-critical applications and tasks while maintaining safety across private or public cloud and on-premises IT environments.

Leading Key Players:

IBM Corporation
CGI Group Inc.
Accenture PLC
Deloitte LLP
HCL Technologies
AT&T Inc.
PWC LLP
GE Healthcare Limited
Atos Syntel
Medtronic Plc.
Dell Inc.
Cisco Systems Inc.

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Digital Transformation in Healthcare Market Segmentation:

By Solution:

Software
Service

By Organization Size:

Small and Medium Size Enterprises
Large Enterprises

By Technology:

Artificial Intelligence
Cloud Computing
Big Data & Analytics
Internet of Things
Cybersecurity

By End User:

Hospitals & Clinics
Pharma Companies
Life Science & Biotech Companies
Healthcare Insurance Providers

By Region:

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

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Commercial Satellite Imaging Market Set to Soar to US$ 12.4 Billion by 2032 with a Strong 7.9% CAGR

The commercial satellite imaging market is poised for significant growth, with projections indicating that it is set to soar to an impressive US$ 12.4 billion by the year 2032, boasting a robust (CAGR) of 7.9%. This impressive trajectory can be attributed to the increasing demand for high-resolution satellite imagery across various industries, including agriculture, infrastructure development, environmental monitoring, and defense.

As the world becomes more interconnected and data-driven, the need for accurate and up-to-date geospatial information is paramount, driving the expansion of the commercial satellite imaging market. Innovations in satellite technology, reduced launch costs, and enhanced data analytics capabilities are expected to further fuel this market’s growth, making it an exciting space to watch in the coming years.

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The military and defense industries are predicted to offer lucrative possibilities for the global commercial satellite imaging market. Defense and military spending are rising rapidly in a number of developing countries, offering market participants appealing opportunities. For instance, the United States spent US$ 717 billion on its military in 2019, according to SIPRI.

Key Takeaways From The Commercial Satellite Imaging Market Report:

By end-use, the government segment is expected to record an 8.1% CAGR by 2032
By application, the defense and intelligence segment to expand at a 7.9% growth rate during the forecast period
The U.S market to garner US$ 3 Billion and record a 7.2% CAGR from 2022–2032
Market in China to procure US$ 1.2 Billion, expanding at a 9.2% growth rate during the assessment period

Competitive Landscape:

Key players in the global commercial satellite imaging market include Planet Labs, Inc., DigitalGlobe, Inc., Exelis, Inc., Trimble Navigation Limited, and Telespazio, among others. Recent developments among key players are:
In July 2019, DigitalGlobe launched OpenStreetMap imagery endpoints. It will allow the users of OpenStreetMap to observe uniformity in content between the previous and new layers. The imagery is expected to be more often updated by using the latest Maxar mosaic content. The augmented production processes are projected to benefit OSM contributors.
In February 2020, the Air Force Life Cycle Management Centre announced a strategic partnership with L3Harris Technologies to develop a software platform. The software is expected to make it convenient for analysts to use AI to locate objects in large data sets, thereby, addressing urgent defense requirements for automation to observe and analyze large geospatial data sets.

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Commercial Satellite Imaging Market Segmentation:

By End Use:

Commercial Satellite Imaging for Governments
Commercial Satellite Imaging for Commercial Enterprises
Commercial Satellite Imaging for Civil Engineering
Commercial Satellite Imaging for Military
Commercial Satellite Imaging for Forests
Commercial Satellite Imaging for Agriculture
Commercial Satellite Imaging for the Energy Sector
Commercial Satellite Imaging for Insurance

By Application:

Commercial Satellite Imaging in Energy Generation
Commercial Satellite Imaging in Geospatial Technology
Commercial Satellite Imaging in Natural Resources Management
Commercial Satellite Imaging in Construction and Development
Commercial Satellite Imaging in Disaster Response Management
Commercial Satellite Imaging in Defense and Intelligence
Commercial Satellite Imaging in Conservation and Research
Commercial Satellite Imaging in Media and Entertainment

By Geography:

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

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Edible Water Pods Industry Rising to US$ 284 Million by 2033 with 9.0% of High CAGR: FMI Study

The Edible Water Pods Industry is expected to reach a value of US$ 120 Million in 2023 and is projected to surpass US$ 284 Million by 2033, with a compound annual growth rate (CAGR) of 9.0% during the forecast period.

In our contemporary era, marked by a growing emphasis on sustainability, we’re witnessing the rise of inventive substitutes for single-use plastic items. Edible water pods are among these pioneering solutions, gaining swift recognition for their potential to transform our hydration habits. These compact, encapsulated water servings not only provide convenience but also champion environmental responsibility, offering a refreshing and eco-conscious approach to staying hydrated.

Edible water pods have gained popularity as an eco-friendly alternative to plastic water bottles, providing convenience, sustainability, and a refreshing hydration experience.

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Opportunities in the industry include partnerships and brand collaborations to expand distribution channels and enhance market reach. As well as global market expansion in regions where sustainability and health consciousness are on the rise.

Trends in the Edible Water Pods Industry

Innovative Flavor Variety: While edible water pods originally centered around offering plain water choices, there’s a burgeoning trend towards diversifying flavor options to cater to a wider consumer base.

Eco-Friendly Sourcing and Production: In response to escalating environmental awareness, sustainable sourcing and production methods have become a dominant feature in the edible water pods market, prioritizing ecological responsibility.

Tailored and Customizable Solutions: Personalization is a prevailing force in the food and beverage sector, and this wave has now permeated the edible water pods market, allowing consumers to tailor their choices to their individual preferences.

Top of Form

Drivers:

Environmental Awareness: Growing concerns about plastic waste and environmental sustainability are driving the adoption of eco-friendly alternatives like edible water pods, which are biodegradable and reduce single-use plastic bottle waste.
Regulatory Support: Government regulations and policies promoting sustainable and eco-friendly packaging options, such as edible water pods, encourage businesses to embrace these alternatives.
Consumer Preference: As consumers become more eco-conscious, the demand for eco-friendly and sustainable products has increased, making edible water pods an attractive choice for both businesses and consumers.
Convenience: Edible water pods offer a convenient and innovative way to carry and consume water without the need for traditional single-use plastic bottles.
Novelty and Marketing Appeal: The unique and memorable consumer experience offered by edible water pods can enhance brand visibility and appeal to businesses in the beverage and hospitality industry.

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Regional Analysis

The United States holds a significant market share in the edible water pods industry. Driven by the increasing demand for eco-friendly alternatives and consumer preference for sustainable products. The country’s focus on environmental sustainability has contributed to the strong presence of edible water pods in the market.

The United Kingdom also has a notable market share in the edible water pods industry, supported by its emphasis on sustainability and environmental consciousness. The British population’s awareness of environmental issues and willingness to support sustainable products have contributed to the market’s growth.

China has emerged as a key player in the market, reflecting the country’s recognition of the need for sustainable packaging options. Due to its large population and concerns about plastic waste. Chinese consumers actively seek innovative and sustainable products, driven by their pursuit of environmentally friendly options.

South Korea is a promising market for edible water pods, with a significant market share. The country’s focus on sustainability and eco-friendly practices. The growing consumer awareness of the environmental impact of single-use plastics has fueled the demand for innovative packaging solutions like edible water pods.

Competitive Landscape:

The Edible Water Pods Industry is currently fragmented with various participants and local manufacturers. It is still in its early stages of product development and consumer adoption globally. As startups enter the market, competition is likely to grow. Additionally, exploring alternative drinks like functional fluids and medicinal solutions may open new growth opportunities.

Recently, Indian biotechnology students have developed edible water pouches with a focus on customization. In terms of size and liquid content before making them available to the public.

Key Players:

Ooho
Skipping Rocks Lab
Notpla
BluCon BioTech
Water Wand

Segmentation:

By Ingredients:

Alginate-based Water Pods
Gelatin-based Water Pods
Plant-based Water Pods

By Flavor and Infusions:

Plain Water
Mineral Water
Sparkled Water
Flavored Water
Others

By Distribution Channel:

Direct Sales
E-commerce Sales
Retail Sales

By Region:

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

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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