Hydrophobic Coatings Market Poised for Robust Growth: Forecasted CAGR of 5.5% Anticipates Market Valuation of US$ 3.42 billion by 2032

The global Hydrophobic Coatings Market is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the hydrophobic coatings market is US$ 2 Billion in 2022. The demand for hydrophobic coatings is anticipated to reach a high of US$ 3.42 Billion by the year 2032.

Products that have industrial coatings are better able to withstand water because they prevent water from adhering to their surfaces. Because of population growth and urbanization, construction projects are on the rise across the globe. This is especially true in the rapidly developing economies of Asia.

The demand for hydrophobic coatings is growing as a result of efforts made by governments of developing countries to stimulate their economies. In December 2021, for instance, researchers at India’s International Advanced Research Centre for Powder Metallurgy & New Materials created super-hydrophobic industrial coatings for stainless steel. Members of the group have investigated the breakthrough with an eye toward implementing it in the maritime, mechanical, electronic components, piping, power, and nuclear sectors.

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In addition to rising disposable income and shifting consumer preferences, the expansion of the automotive industry is also anticipated to boost demand for industrial coatings. The top companies in this industry are spending heavily on research and development as well as mergers, acquisitions, and partnerships in order to maintain or expand their dominant hydrophobic coatings market positions. Private and public investment aimed at expanding product use into new areas is expected to strengthen the strategic landscape of the industry.

Key Takeaways

  • Since many different types of vehicles, aircraft, and medical gadgets are mass-produced in these regions, North America and Europe together made up more than half of the global hydrophobic coatings market.
  • In 2022, the automobile industry accounted for over 20% of the product’s entire demand.
  • The anti-microbial coating is predicted to have the highest growth rate due to its widespread use in the healthcare sector.
  • Since it is increasingly being used in the production of biocompatible stainless-steel operating and surgical tools, demand for the product is anticipated to increase dramatically in the medical industry.

Competitive Landscape

Some of the most important companies in the hydrophobic coatings market include PPG, 3M, NEI Corporation, Nippon Paint Holdings Co., Ltd., BASF SE, Ant Lab, Surfactis, Aculon, Aakzo Nobel, Abrisa Technologies, Cytonix, NEI Corporation, NeverWet, and Nippon Paint Holdings Co., Ltd. In order to keep their dominant position in the hydrophobic coatings market, the corporations focus primarily on developing new products and enhancing their production capabilities.

Recent Developments

  • GKN Aerospace’s transparencies centre of excellence in Garden Grove, California, was the location in July 2018 where the company introduced a new hydrophobic coating for cockpit glass. A permanent surface treatment that greatly enhances resistance to surface abrasion also provides the rain-shedding in-flight/ground activity that is provided by the surface.
  • NEI Corporation launched the UV-Protect (UVP) technology in March of 2018, with the goal of developing upgraded versions of its successful NANOMYTE® coating products. These upgraded versions are intended to deliver distinctive characteristics in coatings that have unrivalled durability. The NANOMYTE® line of surface treatments and protective industrial coatings coatings include characteristics such as hydrophobicity, oleophobicity, self-healing, fog resistance, scratch resistance, anti-icing, self-cleaning, and anti-corrosion. These characteristics can be found in the protective coatings.

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Key Segments in the Hydrophobic Coatings Market

By Property:

  • Anti-microbial
  • Anti-icing/wetting
  • Anti-fouling
  • Anti-corrosion
  • Self-cleaning
  • Others

By Application:

  • Aerospace
  • Automotive
  • Construction
  • Medical
  • Optical
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 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 Staple Acrylic Fiber Market Expected to Soar to US$ 4,230.9 Million by 2032, Driven by Robust Textile Industry Demand: FMI Report

The global Staple Acrylic Fiber Market is expected to grow from US$ 2,964.4 Million in 2022 to US$ 4,230.9 Million by 2032. FMI predicts the overall staple acrylic sales to rise at 3.6% CAGR owing to consistent demand from the textile industry, which is a major consumer of acrylic fibers and consumes more than 50% of the total staple acrylic fibre production.

Although acrylic fabric is among the least breathable types of textiles, it is preferred for applications requiring heat retention. For instance, tracksuits, hoodies, and athletic pants are frequently constructed of acrylic fabric.

The market has been predominantly influenced by certain macroeconomic and industrial factors including demographic dividends, textile industry growth, economic growth, per capita disposable income, etc.

In its natural condition, acrylic is very similar to wool; but, depending on the spinning mechanism employed, it can be made to resemble other fabrics, such as cotton. Acrylic feels like wool and is warm, soft, and lightweight. It has great colorfastness and stains quite successfully.

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Staple acrylic has become a popular material for upholstery, carpeting, rugs, and other conventional wool-dominated homeware product categories. Demand for staple acrylic fibers from the sectors like textiles, furniture, and automotive is anticipated to increase due to the various qualities that staple acrylic fibre offers.

China is the world’s largest producer of acrylic fabric, as well as the largest market for acrylic garments. The country exports a large portion of its textile and clothing production to several regions of the world.

Key Takeaways:

  • The global staple acrylic fibre market is projected to witness a CAGR of 3.6% during the period between 2022 and 2032.
  • By blend, the acrylic-wool segment is expected to expand at a CAGR of 4.0% during the forecast period.
  • By end use, the textile & apparel segment is expected to grow at a CAGR of 4.1% during the projected period.
  • China’s staple acrylic fibre market is expected to reach about US$ 1,106.0 Million by end of 2032.
  • The staple acrylic fibre market in India is expected to reach US$ 315.8 Million by end of 2032.

Competitive Landscape

According to FMI analysis, Aksa Akrilik Kimya Sanayii AS, Thai Acrylic Fibre Co. Ltd (TAF), Jilin Chemical Fiber Co., Ltd., Taekwang Industry Co. Ltd., Indian Acrylics Ltd., CHEMTEX GLOBAL CORPORATION, Vardhman Acrylics Ltd, Pasupati Acrylon Ltd., Japan Exlan Co. Ltd., Kaneka Corporation and others are identified as the key manufacturers in the Staple Acrylic Fibre market.

Key market participants are investing a fair share of their revenue in R&D and are concentrating on the adoption of new & modified manufacturing techniques to get high-quality products.

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For instance:

  • In August 2020, Aksa Akrilik, an acrylic Fibre producer, added another line to its innovative efforts named Everfresh. Developed after extensive research, Everfresh offers a solution to consumers’ hygiene expectancies with its enduring antimicrobial properties and is environment-friendly, and also contains no harmful chemicals.

Staple Acrylic Fibre Market Segmentation

By Dyeing Method:

  • Dyed
    • Acid
    • Gel
  • Undyed

By Blend:

  • Acrylic-Wool
  • Acrylic-Viscose
  • Acrylic-Nylon
  • Acrylic-Cotton
  • Others

By End Use:

  • Textiles & Apparel
  • Furniture Upholstery
  • Industrial Filtration Material
  • Building & Construction
  • Automotive

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.

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North America Nutraceutical Packaging Market Reaches US$ 995.8 Million in 2022, Driven by Growing Health and Fitness Awareness

The North American nutraceutical packaging market reached a value of US$ 995.8 million in 2022, with a growing trend towards health and fitness awareness fueling demand. In Europe, the market was even more substantial, with a dominant share of US$ 1,461.8 million in 2022, driven by increased consumption of nutritional supplements, a heightened focus on health and fitness, and the growing prevalence of health disorders due to unhealthy lifestyle habits and poor nutritional choices.

The global nutraceutical packaging market is on an upward trajectory, with a projected size of over US$ 3,755.7 million in 2023, and it is expected to maintain a robust growth rate, reaching approximately US$ 6,354.73 million by 2033, reflecting a notable CAGR of 5.4%. This flourishing market is being shaped and driven by several influential trends and factors.

One pivotal trend is the increasing emphasis on sustainability within the nutraceutical packaging industry. As health-conscious consumers seek natural and organic supplements, packaging solutions are evolving to align with these preferences. Eco-friendly packaging materials are gaining prominence as they not only reduce environmental impact but also appeal to environmentally conscious consumers. Moreover, the market is witnessing a shift towards single-serve and personalized packaging options, catering to individualized preferences and convenience.

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The booming health and wellness sector is another significant driver. The rising demand for dietary supplements and nutraceutical products is spurred by the growing awareness of the benefits of natural ingredients and an aging population seeking wellness solutions. Concurrently, the surge in eCommerce and online shopping has created a need for secure packaging solutions to safeguard products during transit.

Overall, the future of the nutraceutical packaging industry looks promising, with increasing demand, a focus on sustainability, and innovative packaging solutions aimed at meeting the evolving needs of health-conscious consumers and the growing nutraceutical market.

Key trends in nutraceutical packaging:

  • Sustainability: Consumers are increasingly demanding sustainable packaging solutions. Manufacturers are responding by developing packaging made from recycled materials, plant-based materials, and other sustainable materials.
  • Security: Nutraceutical products are often targeted by counterfeiters. Manufacturers are using tamper-evident packaging to help protect their products from counterfeiting.
  • Convenience: Consumers are looking for convenient packaging solutions that make it easy to take nutraceutical products on the go. Manufacturers are developing packaging that is easy to open and close, and that is portable and lightweight.
  • Branding: Nutraceutical packaging is an important part of brand identity. Manufacturers are using packaging to create a visually appealing and eye-catching presentation for their products.
  • The future of nutraceutical packaging is bright. As the demand for nutraceutical products continues to grow, so will the demand for innovative and sustainable packaging solutions.

With a focus on sustainable and eco-friendly packaging options, companies can develop cost-effective packaging solutions that offer high protection and preservation of the product. Investing in research and development to create new packaging formats, such as pouches, sachets, and single-serve packaging can help companies cater to the evolving demands of the supplement and nutraceutical packaging market.

As the focus on health and fitness continues to rise, nutraceutical packaging consumption is expected to increase in emerging economies and developing nations. The untapped potential of these markets could boost sales of nutraceutical packaging on a global level. However, stringent packaging mandates from governments could restrain the market potential to a certain extent.

In conclusion, the nutraceutical packaging industry presents significant opportunities for companies looking to enter the market. By developing innovative and sustainable packaging solutions that cater to the specific needs of the market, companies can meet the growing demand for nutraceutical products while also addressing sustainability concerns. The future looks bright for the nutraceutical packaging industry, with the market set to experience significant growth in the coming years.

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Key Takeaways from the Nutraceutical Packaging Market:

  • In 2022, the European nutraceutical packaging industry was worth US$ 1,461.8 million.
  • In 2022, the North American nutraceutical packaging industry is expected to be worth US$ 995.8 million.
  • In 2022, the nutraceutical packaging market in the United States was worth US$ 920.7 million. The market is expected to grow at a 5.0% CAGR during the forecast period.
  • In 2022, the Indian nutraceutical packaging industry was worth US$ 96.0 million. India’s adoption of nutraceutical packaging is expected to grow at a substantial CAGR of 9.8% during the forecast period.
  • With a value of US$ 2,349.3 million in 2022, the dietary supplements category was the dominant product type in the nutraceutical packaging industry.
  • Bags and pouches dominated the nutraceutical packaging sector in 2022, accounting for US$ 1,235.0 million in revenue.
  • With a value of US$ 1,330.7 million, the powder & granules sector was the biggest product form in the nutraceutical packaging industry in 2022.

From Personalized Packaging to Sustainable Materials: Opportunities for Nutraceutical Packaging Companies to Innovate and Thrive

The nutraceutical packaging industry is highly competitive, with several players vying for market share. As the demand for eco-friendly and sustainable packaging options continues to rise, companies are focusing on developing innovative packaging solutions that cater to the specific needs of the nutraceutical and supplement market. One of the significant trends driving the industry is the shift toward using sustainable packaging materials, which not only reduces the carbon footprint but also helps in attracting environmentally conscious consumers. In addition, the trend toward single-serve packaging and personalized packaging options is also gaining popularity in the market.

To stay competitive in the market, companies are investing heavily in research and development to create new packaging formats such as pouches, sachets, and single-serve packaging. Such innovations are aimed at improving the shelf-life of products and enhancing their visual appeal. Companies are also leveraging the growing popularity of eCommerce sales channels to create customized packaging solutions that cater to the specific needs of consumers.

In addition to sustainable packaging options, companies are also developing cost-effective packaging solutions that offer high protection and preservation of the product. This is particularly important for products that are sold online, as they need to be shipped safely and securely to the end consumer.

As the market continues to grow, there are significant opportunities for companies looking to enter the nutraceutical packaging industry. Companies can focus on developing packaging materials that offer high protection and preservation of the product while being sustainable. Furthermore, they can leverage personalized packaging options and the growing popularity of eCommerce sales channels to create customized packaging solutions that cater to the specific needs of consumers.

Companies can also invest in research and development to create new packaging formats that cater to the evolving demands of the supplement and nutraceutical packaging market. For example, innovative packaging formats such as edible packaging are gaining popularity in the market. This opens a whole new range of possibilities for companies in the nutraceutical packaging industry.

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Market Segmentation:

By Packaging Type

  • Blister
  • Bottles & Jars
  • Bags & Pouches
  • Stick Packs
  • Boxes & Cartons
  • Containers
  • Sprays
  • VSP & MAP

By Product Form

  • Tablets & Capsules
  • Powders & Granules
  • Liquid
  • Solid

By Product Type

  • Dietary Supplement
  • Functional Food
  • Functional Beverages

By Material

  • Glass
  • Paperboard
  • Plastic
  • Aluminum

By Ingredient

  • Vitamins
  • Minerals
  • Prebiotics
  • Probiotics
  • Amino Acids
  • Omega 3 Fatty Acids
  • Others

Nutraceutical Packaging Market: Competitive Analysis

The latest report on the Nutraceutical Packaging market by FMI gives an unbiased analysis on the top 10 leading companies operating in the Nutraceutical Packaging market. It provides a detailed segmentation on the market players’ product launches, strategic mergers and acquisition and revenue prospects that will aid the players to gain a competitive edge in the industry.

Key players:

  • Amcor Ltd.,
  • Gerresheimer AG,
  • Sonoco Products Company,
  • Mondi PLC, etc.

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
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Rising Demand for Data-Driven Insights Fuels Advanced Analytics Market Growth, FMI Study

The study, “Advanced Analytics Market: APEJ to Remain Most Lucrative Market for Advanced Analytics: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022),” was just published by Future Market Insights (FMI). The analysis predicts that between 2017 and 2022, the global market for advanced analytics will expand at a compound annual growth rate of 5.5%, reaching a market value of US$13,500 million. The increased need to meet varied business objectives is one of the key factors influencing the use of advanced analytics.

Due to increased rivalry, businesses are focusing more on growing their client bases in order to increase their market shares. They need intellect to be able to foresee potential outcomes and establish future strategies in order to do this Businesses also require intelligence to recognise future opportunities, anticipate problems, and improve current processes. All of these problems can be resolved with the use of advanced analytics.

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A number of niche businesses who have entered the market and are offering advanced analytics solutions at a relatively lower price have contributed to the increase in the usage of advanced analytics. In order to maximise operations at a cheap cost, numerous small and medium sized industries are also providing cutting edge solutions and modern services. This is encouraging enterprises and organisations to adopt sophisticated analytics solutions at a faster rate. Businesses gain from implementing cutting-edge analytics tools like Big Data Analytics, data mining, and location intelligence since these tools help them to gather useful information and make wise business decisions.

Many businesses have the belief that adopting advanced analytics might be an expensive process. This image is about to change, though, as businesses begin to see the many advantages of using advanced analytics to create market strategies and take customer-focused actions that will succeed their organisation.

Competitive Landscape

Some key companies are IBM Corporation, Microsoft Corporation, SAP SE, SAS Institute System, Infor, Teradata, Oracle Corporation, Intel, CA Technologies

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Key Segments Covered

On the basis of geography, the global advanced analytics market is segmented into Asia Pacific except Japan, North America, Europe, and the Middle East and Africa. Of these, the fastest expansion is predicted in North America and this region is anticipated to cross US$2500 mn by 2022. For gaining insights, many enterprises within North America are adopting advanced analytics solutions which are helping them to identify various industry trends as well as future opportunities. It is estimated that APEJ will emerge as the largest market for advanced analytics by revenue. Europe will also follow the footsteps North America and expand at a rapid CAGR in the forecast period. However, the Middle East and Africa will experience a slow growth in the advanced analytics market.

By end use, the advanced analytics solution is witnessing fastest sales from the retail and consumer goods industry. By 2022, this segment is expected to cross US$3000 mn by revenue. The BFSI industry segment will exhibit a low CAGR throughout the forecast period whereas the government and healthcare industry segment will expand at a high CAGR through 2022. In terms of revenue however, BFSI will remain one of the most lucrative segments in the market.

On the basis of solution, it is estimated that both visual analytics and big data analytics will witness parallel expansion in terms of sales. The report further states that one third of the total share of the market in 2017 has been contributed by the revenues received from Big Data Analytics and business analytics segments. Surprisingly, in terms of sales, these two segments will exhibit the lowest CAGR between 2017 and 2022 whereas the predictive analytics segment will register the highest CAGR in terms of sales and will become popular as an attractive solution for advanced analytics. The risk analytics segment could also witness rapid expansion by 2022.

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Key Segments Covered

Region :

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

Solutions :

  • Big Data Analytics
  • Visual Analytics
  • Risk Analytics
  • Social Media Analytics
  • Predictive Analytics
  • Other Solutions

Industry :

  • BFSI
  • Healthcare
  • Government
  • Defense
  • Retail & Consumer Goods
  • Other Industries

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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United States UV Stabilized Films Market Surges with a 3.8% CAGR, Projected to Reach US$9.08 Billion by 2033

UV Stabilized Films Market

The United States UV stabilized films market is witnessing substantial growth, primarily driven by increasing demand across various sectors. These films are valued for their exceptional durability and resistance to UV radiation, making them ideal for protective covers, barriers, and insulation materials. Notably, many prominent market players are actively investing in research and development to introduce innovative products that meet evolving market needs.

With a value of US$6.25 billion in 2023 and a forecasted value of US$9.08 billion by 2033, the UV stabilized films market in the United States is projected to grow at a 3.8% CAGR from 2023 to the end of the forecast period. The nation’s construction industry, a significant contributor to the economy, relies heavily on UV stabilized films to enhance building performance and durability. Furthermore, the rising demand for environmentally friendly and sustainable packaging materials is further propelling the market’s expansion. UV stabilized films are commonly used to safeguard products from environmental hazards like UV rays, moisture, and oxygen, making them essential in packaging for cosmetics, pharmaceuticals, and food and beverages.

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Expanding at a CAGR of 5.1% from 2023 to 2033, the global UV stabilized films market is set to rise from a valuation of US$ 34.38 billion in 2023 to US$ 56.54 billion by the end of 2033.

Packaging film used to protect the product from harmful UV rays is referred to as UV stabilized films. The method aids in maximizing the quantity of light that enters that space and minimizing other damaging environmental factors that could have an impact on product development. For the proprietors, these are seen as a lifeline.

Growing investments in the agricultural sector, an increase in packaged food consumption, shifting packaging trends and technologies, and rising awareness of the negative effects of UV radiation, are a few of the key factors driving UV stabilized film consumption globally.

As the usage of greenhouse farming spreads, the industry is expected to have significant development prospects. These films are commonly used in greenhouse farming to manage the temperature and shield crops from UV radiation. The adoption of greenhouse farming techniques is expected to cause a main increase in the need for UV stabilized films.

Urban farming and vertical farming are becoming more and more popular. UV-stabilized sheets are frequently used to construct sheds and shelters for gardens and outdoor areas. This element, together with developments in the agricultural industry, has accelerated market expansion.

The market is expanding as a result of the rising demand for sustainable and ecologically friendly packaging materials. These films are frequently used in the packaging of cosmetics, pharmaceuticals, food, and drinks to protect items from environmental threats like UV radiation, moisture, and oxygen.

Another element driving the market’s evolution is technology, which has led to the creation of new UV-stabilized film compounds that have enhanced function and endurance. As producers engage heavily in research and development to create films that can survive even the worst climatic conditions, the range of uses for these products is increasing.

By the end of 2033, East Asia is projected to hold about one-third share of the global UV stabilized films market in terms of market value, and it is predicted that it could continue to hold this position throughout the forecast period. In the East Asia UV stabilized films market, China is one of the key producers of UV-stabilized films. In order to meet the rising demand for UV stabilized films on the global market, key industry competitors are boosting their production. Throughout the forecast period, it is predicted that the South Asian market could rise significantly.

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KEY TAKEAWAYS
-The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 1.9% through 2033.
-The United States is expected to develop at a 3.8% CAGR during the forecast period.-With a CAGR of 5.2% over the forecast period, Canada is predicted to develop promptly in the market.
-In China, the market is expected to proliferate, registering a CAGR of 8.1% over the forecast period.
-Germany is estimated to grow decently registering a CAGR of 2.7% until 2033.
-In India, the market is likely to flourish at a CAGR of 7.9% during the forecast period.
-With a CAGR of 4.0%, the market in India is likely to expand significantly until 2033.

COMPETITIVE LANDSCAPE
Key players in the UV stabilized films market are Uflex Ltd., Mitsubishi Polyester Film Inc., DuPont Teijin Films U.S. Limited, Polyplex Corporation Ltd., Toyobo Co. Ltd., RKW SE, Sigma Stretch Film Corp., Coveme Spa, Kolon Industries Inc., Group Michiels Advanced Materials, Walco Corporation, Vampire Optical Coatings Inc., Arid Agritec Ltd., FVG Folien-Vertriebs GmbH, and others.

In order to increase their market income potential, UV stabilized film producers are concentrating on development operations including mergers and acquisitions. As the area of application in numerous end-use sectors broadens, investments are also being made in the research and development of new and sophisticated goods.

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Key Segmentation:

By Product Type:

  • Optical Films
    • Retardation Films
    • TAC Films
  • Adhesive Films
    • Diffuser Films
    • Anti-reflection Films
    • Dicing Films
    • Pressure-sensitive Films
  • Conductive Films
    • Anisotropic
    • Transparent
  • Others

By Material:

  • Plastic UV Stabilized Films
    • PET
    • PVC
    • PE
    • Others (PC, PP)
  • Metal UV Stabilized Films
    • Aluminium
    • Steel

By Thickness:

  • Up to 20 Micron UV Stabilized Films
  • 20 to 40 Micron UV Stabilized Films
  • 40 to 50 Micron UV Stabilized Films
  • 50 Micron & Above UV Stabilized Films

By Technology:

  • Adhesion Lamination
  • Co-extrusion Coating/Lamination

By Application:

  • Printing
  • Lamination
  • Industrial Use
    • Fiber Reinforced Panels
    • Greenhouse Films
    • Electrical Insulation
  • Packaging
    • Outdoor Labels
    • Wrapping Films

By End-use Industry:

  • Non-Packaging UV Stabilized Films
    • Building & Construction
    • Agriculture
    • Automotive
    • Printing
    • Electrical &Electronics
  • Packaging UV Stabilized Films
    • Food
      • Meat, Poultry & Seafood
      • Oils
      • Dry Fruits
      • Dairy Products
      • Other UV-sensitive Products
  • Chemicals
  • Pharmaceuticals

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • 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
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The Plant-Based Protein Market Charts a Path to US$ 22.5 Billion by 2032

The global plant-based protein market enjoyed a year-on-year (YOY) growth of 6.7% in 2021 to total sales of US$ 11.3 Billion and is projected to surpass US$ 22.5 Bn in 2032 at a CAGR of 7.2%, according to a market analysis performed by Future Market Insights.

As the productivity of the food and beverage industries rises, the market for plant-based proteins will expand significantly. The global market for plant-based proteins is divided into soy, wheat, pea, potato, rice, canola, corn, and other product categories based on the kind of protein present. Soy protein is expected to dominate the market for plant-based proteins.

The increased prevalence of health issues such as diabetes, high blood pressure, and obesity, according to the survey, is driving people to pursue healthier lifestyles. As a result, there is a growing need for plant-based protein nutritional supplements and meals.

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Demand for Preventative Healthcare, Especially Due to the Recent Outbreak of Deadly Viruses to boost growth

The majority of people are concerned about their health and understand the value of preventive care. Many magazines, websites, and online forums, such as Livestrong.com, bodybuilding.com, Men’s Health, and Shape, offer regular updates on nutrition and lifestyle topics. Similarly, companies that manufacture plant protein-containing goods promote their products using a range of media, including as websites, journals, and marketing campaigns, in an effort to increase client demand for these products.

These strategies of players primarily focus on new product development and enhanced safety, effectiveness and primarily health benefits such as the ability to lower cholesterol, lower body weight, and lower blood pressure levels. This is expected to aid in market growth in the region.

Also consumers have become increasingly conscious about the food they eat. Rumors linking coronavirus with consumption of meat and meat protein are likely to influence their perception regarding food they eat. As a result of this, the demand for plant-based protein is likely to surge in the coming years.

Who is winning?

Some of the major players in the plant-based protein that are covered in this report are Glanbia Plc, Archer-Daniels Midland Co., Roquette Freres, Cargill Incorporation, Burcon Nutrascience Corporat, E.I. du Pont de Nemours & Co,  Cosucra Groupe Warcoing, Ingredion Inc, and CHS Inc, AGT Food & Ingredients, Inc.

These market players have a strong networked and secure clientele with main focus on increasing its product offering and portfolio with complete solutions to its customers including production, formulation of blend, packaging and transportation as well.

In addition to this, market players are more into mergers and acquisition to improve their product offering. Companies intend to expand their regional footprint through strategic collaborations.

  • In February 2017, Glambia Plc acquired two companies — Body & Fit and Grass Advantage LLC protein ingredient manufacturers in the U.S. and Netherlands respectively. Both the company have a strong tactical fit with Glanbia’s Performance Nutrition (GPN) division and will prolong its reach to wider channels and new consumers.
  •  In August 2017, Archer Daniels Midland Company expanded its line of plant-based functional extracts by including an antioxidant blend, green tea, and acerola for application in a wide variety of food, drinks, and supplement applications
  • In March 2017, Cargill started production of pea protein ingredients through partnership with World Food Processing, which is a multi-generation, family-owned business based in Oskaloosa, U.S., that has developed non-bioengineered/non-GMO pea seed varieties to minimize off-flavors

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PLANT-BASED PROTEIN MARKET SEGMENTATION

The global Plant-based protein Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type:

  • Soy Protein
  • Wheat Protein
  • Pea Protein
  • Others

Form:

  • Isolates
  • Concentrates
  • Hydrolysates

Nature:

  • Organic
  • Conventional

Application:

  • Nutritional Products
    • Sports Nutrition
    • Medical Nutrition
    • Infant Nutrition
  • Bakery
  • Snacks & Cereals
  • Dairy
  • Confectionary and Dessert
  • Convenience Food
  • Beverages
  • Animal Feed
  • Others

Region:

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

Frequently Asked Questions

  • How much is the plant-based protein market currently worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What are the key trends boosting Plant-based protein sales?
  • How are market players reacting to the new developments in the market?
  • Which is the largest segment by type?
  • Which are the major countries driving demand for plant-based protein?
  • Who are the major players in the Plant-based Protein Market?
  • At what level does the report reflect pricing analysis?

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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The Packaged Bread Market on Course to Reach US$ 4,180.8 Million by 2033

According to new data from Future industry Insights (FMI), the packaged bread industry is anticipated to be worth US$ 2,535 million in 2023. The market is expected to grow at a 5% CAGR over the projected period, reaching US$ 4,180.8 million by 2033.

Bread packaging has evolved due to consumer demand for items that are more shelf-stable and do not require harsh packaging. When polled, more than two-thirds of Green Week guests in Berlin said they would stop buying bread in substandard packaging.

Germans prefer breads in a variety of packaging, including frozen loaves in cardboard boxes, uncut loaves in shrink-wrapped packets, and sliced loaves in plastic bags.

Given that millennials prefer little pieces of packaged bread wrapped for quick consumption, producers are proposing packaging options that can improve product shelf life while allowing for low-cost product packaging without sacrificing packaged bread quality. In passive or conventional packaging, bread was solely secured against air and mould by being wrapped in synthetic polymers with restricted gas permeability.

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However, a new concept known as intelligent packaging or active packaging has recently emerged, in which the container is made of functional elements that can intentionally interact with bread in order to monitor and increase its shelf life. Frontrunners are also researching nano-packaging by employing edible and biodegradable films to meet environmental criteria, which can enhance packed bread shelf life by up to 60 days.

Another recent technological advancement in the market is the implementation of 3D for exact sorting using Vision-system, an innovative 3D scanner that can easily handle the image recognition issue on conveyor belts while bread packaging is taking place, which can be missed out quite frequently in an automatic sort, resulting in low-contrast unidentified objects and small crumbs in packaged bread, which is undesirable.

Key Takeaways from Market Study

  • The packaged bread market is worth of US$ 42.4 Bn sales in 2022.
  • The packaged bread market is expected to expand at CAGR of 6% through 2032.
  • Global packaged bread demand is projected to grow year-on-year (Y-o-Y) growth of 8% in 2022.
  • The packaged bread market is growing with a notable boost towards the production to reach US$ 66.5 Bn by 2032.
  • Easy availability raw materials, healthy packaging, and improved quality and taste to be the influencing factors among consumers, which is driving sales of packaged bread across global markets.
  • Demand for packaged bread grew at 7% CAGR between 2017 and 2021.
  • Associated British Foods Plc, DuPont™ Danisco, Fuji Baking Co. Ltd, Angel Bakeries, and Allied Bakeries (Kingsmill) are expected to be the top players in the industry.
  • Organically packaged and sandwich bread are in heavy demand from bakery industry carrying a notable market share.

Competitive Landscape

Key brands associated with packaged bread are focusing on sustainable product developments, while also extending the product lines with several modifications and extensive research procedures to boost the industry growth and to capture more market share in global arena.

  • On June, 2021, Délifrance announced partnership with trend consultants Harris & Hayes to arrange a UK-wide retail study in order to explore the wants and needs of British consumers from packaged bread and pastry industry, and encourage them to buy quality products for both at home and out of the home purposes.
  • In the year 2020, the brand La Brea went for twin objectives which were aimed at keeping supermarket shelves stocked while also keeping consumers engaged to broaden up the brand share. For instance, the extended product line of the brand featured of French baguettes with improved hydration and flour dusting.

Several other products also improved in features, such as Italian round (increased hydration, flour dusting, darker bake), French loaf (darker bake, lighter interior, flour dusting), whole wheat grain loaf (grains and seeds toppings), and sourdough loaf (darker bake).

Packaged Bread Market by Category

By Nature:

  • Organic
  • Conventional

By Product Type:

  • Sandwich Bread
  • Rolls & Buns
  • Tortillas, Pitas & Wraps
  • Frozen Breads
  • Crisp Breads
  • Dough & Crusts
  • Others

By Application:

  • Bakery Products
  • Confectionery Items
  • Frozen Desserts
  • Others

By Region:

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

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Key Questions Answered in the Report

  • How big is the packaged bread industry?
  • At what CAGR is the packaged bread market poised to expand through 2032?
  • How was the performance of packaged bread market over the past half-decade?
  • What will be the packaged bread market size in 2032?
  • Who are the key players operating in the packaged bread market?
  • Which are the top countries driving the packaged bread demand?
  • What are the three popular types of packaged bread?
  • Is fresh packaged bakery bread better than store-bought?

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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United States Leads Global BOPET Packaging Film Market with a Commanding 90.8% Share by 2033

BOPET Packaging Films Market

The United States has solidified its position as a major player in the global market for BOPET (biaxially-oriented polyethylene terephthalate) packaging films, with a commanding 90.8% market share projected for 2033. This remarkable growth can be attributed to surging demand, particularly from the food, cigarette, and label industries. BOPET polyester films are in high demand due to their exceptional performance characteristics. They offer superior performance at reduced thickness, while still maintaining stiffness, robust heat resistance, and an effective balance between oxygen and moisture barriers. These attributes have propelled BOPET packaging films to an increasing market share, making them a favored choice in the United States.

The global BOPET (biaxially oriented polyethylene terephthalate) packaging films market is on a trajectory of robust growth, with a projected compound annual growth rate (CAGR) of 5.5% set to elevate its value from US$ 7.14 billion in 2023 to a substantial US$ 12.31 billion by 2033. This remarkable expansion is driven by several key factors, primarily the escalating demand for clean and high-quality food products.

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In 2023, BOPET packaging films accounted for approximately 4.5% of the global plastic film market, demonstrating their significance in the packaging industry. Within this sector, the demand for bags and pouches is expected to remain robust, while tapes and labels are poised for consistent growth in the foreseeable future.

One of the driving forces behind the growth of BOPET packaging films is their ability to extend the shelf life of products, addressing the increasing consumer preference for high-barrier packaging solutions and heightened concerns over food safety.

Furthermore, the surging demand for cosmetics, attributed to factors such as a growing global population, evolving lifestyles, and increased disposable income, is a significant contributor to the market’s expansion. The perishable nature of cosmetics necessitates effective preservation, making BOPET packaging films an attractive and cost-effective choice.

With their exceptional mechanical strength, thermal properties, transparency, and stiffness, BOPET packaging films are not only meeting current market demands but are also poised to cater to emerging trends such as multi-layered packaging solutions, rising pharmaceutical needs, and increased demand in the fast-food sector. These factors collectively contribute to the positive outlook for the BOPET packaging films market in the near future.

Future Trends

Growing packaging demand is propelling the market forward. BOPET packaging films can extend the shelf life of a product, and the growing consumer base for high-barrier packaging solutions is fueling the market growth. The rising concern about food safety is to propel biaxially oriented polyethylene terephthalate packaging films market growth during the forecast period.

Growth in cosmetics demand, with a growing population, changing lifestyle, and rising per capita disposable income, is the primary factor spurring global BOPET packaging films demand. Cosmetics have a limited shelf life and must be stored properly. Several substitutes, such as aluminum foil, are more expensive than BOPET packaging films, further pushing BOPET packaging films market growth.

All types of biaxial-oriented films have advantageous qualities at low thickness, such as strong stiffness, good heat resistance, and an acceptable oxygen and moisture barrier balance.

Advantageous product features include outstanding rigidity, a smooth surface, excellent clarity, and chemical and abrasion resistance. Increasing pharmaceutical industry product safety needs is likely to generate profitable prospects for biaxially oriented polyethene terephthalate packaging films market expansion throughout the forecast period.

Roadblocks to Demand for BOPET Packaging Films

The technology guarantees speedy, affordable, hot, and fresh deliveries. Since nations like the United States, China, and India have offered different governmental permits to enter new technology, the technology has already become a battleground for businesses.

On the other hand, the implementation of strict regulations and high input costs disturb market expansion. Biaxially orientated polyethene terephthalate (BOPET) packaging films face challenges from the difficulties of recycling plastic films from 2023 to 2033.

Key Takeaways

  • By thickness, the market’s 15-30 micron segment is to develop at a CAGR of 6% from 2023 to 2033, valued at US$ 3,448.6 million by 2023.
  • The labels segment in the application category in the market is to expand at a CAGR of 6.2% during the forecast period, valued at US$ 775.8 million by 2023.
  • By end-use industry category, the fresh produce segment in the market is to rise at a CAGR of 6.9% between 2023 and 2033, valued at US$ 1,222.0 million by 2023.
  • The United States market is likely to rise at a CAGR of 4.6% and reach US$ 2,081.73 million by 2033.
  • Spanish biaxially oriented polyethene terephthalate packaging films market to develop at a CAGR of 5% from 2023 to 2033, reaching US$ 268.28 million.
  • India BOPET films market to expand at a CAGR of 7.1% from 2023 to 2033, reaching US$ 745.60 million.
  • China market is to rise at a CAGR of 6.9% and reach US$ 2953.47 million by 2033.
  • China may still be a sizable BOPET packaging film market in 2023, with a market share of 74.9%.
  • 90.8% of the market share in 2023 belonged to the United States.
  • Brazil accounted for 37.3% of the BOPET Films market share in 2023.
  • A 28.9% market share in 2023 was held by the German BOPET packaging films market.

Which Region Holds High Revenue-Generating Opportunities for BOPET Packaging Film Suppliers?

“Rise in Demand for Flexible Food Packaging Films Driving Market Expansion in Europe”

Europe represents a significant incremental opportunity for BOPET packaging film suppliers. This can be attributed to growing demand for packaged & processed food in the region. Excellent sealing properties and heat resistance make flexible food packaging films a preferred choice for manufacturing labels & tapes.

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Competitive Landscape

The global BOPET packaging films market is considered a fragmented space due to the presence of several regional players. Leading manufacturers of BOPET packaging films are enhancing their production capacities and investing in their existing production facilities to strengthen their foothold in the global market.For instance,

  • In February 2020, Jindal Poly Films sanctioned US$ 99.4 Mn investment for the development of its company’s activities in India, including the addition of a BOPET film line and BOPP film line.

Key Segments: 

By Thickness:

  • Below 15 Micron
  • 15-30 Micron
  • 30-50 Micron
  • Above 50 Micron

By Application:

  • Labels
  • Tapes
  • Wraps
  • Bags & Pouches
  • Laminates

By End-use Industry:

  • Food
    • Meat
    • Fresh Produce
    • Confectionery
    • Dairy
    • Others
  • Beverages
  • Cosmetics & Personal Care
  • Electrical & Electronics
  • Pharmaceuticals
  • Other Industrial

By Region:

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

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Key Questions Answered in the Report:

(1) What are the growth opportunities for the new entrants in the Global BOPET Packaging Films industry?

(2) Who are the leading players functioning in the Global BOPET Packaging Films marketplace?

(3) What are the key strategies participants are likely to adopt to increase their share in the Global BOPET Packaging Films industry?

(4) What is the competitive situation in the Global BOPET Packaging Films market?

(5) What are the emerging trends that may influence the Global BOPET Packaging Films market growth?

(6) Which product type segment will exhibit high CAGR in future?

(7) Which application segment will grab a handsome share in the Global BOPET Packaging Films industry?

(8) Which region is lucrative for the manufacturers?

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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The Microbial Lipase Market Envisions Robust Growth, Aiming for a Valuation of US$ 990.2 Million by 2032

In 2022, the microbial lipase market is anticipated to reach US$ 535.0 million. In terms of value, it is anticipated to increase at a CAGR of 6.8% from 2022 to 2032, reaching US$ 990.2 Million.

Lipases are highly flexible microbial enzymes that have attracted the interest of a number of industrial processes. Lipases can be obtained from fungi, bacteria, other microbes, animals, and vegetables, among others. Microbial lipases had the largest market share of the lipase sources, accounting for around 62%.

Long-chain triglyceride hydrolysis is catalysed by microbial lipase. Microbial sources of lipase enzymes are conceptually active and proficient, and they also offer a wide range of industrial applications in the production of changed molecules.

The research provides a thorough analysis of the industry, outlining key growth drivers, restraints, opportunities, and current trends. It employs novel research methods to provide the most accurate market analysis.

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It includes in-depth insights into the microbial lipase market. Some of these are:

  • The estimated value of the market was at US$ 510 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Microbial lipase industry is dominated Asia Pacific.
  • The emergence of leading global microbial lipase producers and the increase in the adoption of lipase enzymes are increasing demand for microbial lipases in the Asia Pacific area.
  • It is estimated that the powder type of microbial lipases dominates the market for microbial lipase, as consumers prefer.
  • Due to their numerous applications in a wide range of food processes, the demand for lipase, especially from microbial sources, is expected to show significant growth in the near future.
  • In terms of form, the liquid segment emerged dominant and is likely to continue leading the market through the course of the forecast period.

COVID-19 Outbreak will Impact Growth of the Market

The lockdown due to corona outbreak might severely impact the supply side of the microbial lipase market. It may also affect the production and distribution of their goods and services. After the lockdown is lifted, there is a quite possibility that there will be an increase in sales which will be met through existing inventories of the companies in the microbial market.

Growing population along with increasing economic standards has led to increased spending on food services. Like the aforementioned forecasts, however, the market could head to harsh waters.

Who is Winning?

The key players operating in the global microbial lipase market are DowDuPont (US), Amano Enzymes (Japan), Novozymes (Denmark), Associated British Foods (UK), and Chr. Hansen (Denmark). There are some new developments in the industry that will generate specific opportunities for the microbial lipase manufacturers.

Furthermore, mergers and acquisitions continue to be a common strategy among market players. With strategic alliances companies plan to increase their global footprint.

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MICROBIAL LIPASE MARKET TAXONOMY

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

By Source :

  • Fungi
  • Bacteria
  • Yeast

By Form :

  • Liquid
  • Powder

By Application :

  • Cleaning Agents
  • Animal Feed
  • Dairy Products
  • Bakery Products
  • Confectionery Products
  • Others

By Region :

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

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Frequently Asked Questions

  • How much is the microbial lipases market current worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years?
  • What are the key trends boosting lipase sales?
  • How are market players reacting to the new developments in the market?
  • Which are the major countries driving demand for Microbial Lipases?
  • Who are the major players in Lipases Market?
  • What outlook does APAC provide?
  • At what level does the report reflect pricing analysis?

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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The Fishmeal & Fish Oil Market Eyes Substantial Growth, Targeting US$ 13.0 Billion by 2033

The fishmeal and fish oil market is anticipated to reach a value of US$ 7.4 billion in 2023 and US$ 13.0 billion in 2033. During the projection period, fishmeal and fish oil sales are anticipated to expand at a substantial CAGR of 5.8%.

Production of fishmeal and fish oil is expected to rise moderately in the coming years as a result of greater by-product utilisation and a thriving aquaculture industry.

Aquaculture’s contribution to global fish culture, according to the OECD, will continue to expand and will surpass that of fisheries by 2024. By 2029, aquaculture production is predicted to outnumber catch by 10 million tonnes.

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As feed demand has increased in tandem with rising aquaculture production, fish meal and fish oil have obviously fallen in feed formulations, and they have been partially replaced by vegetable substitutes like as soymeal and rapeseed oil.

Due to scarcity, fishmeal and fish oil will be used more frequently as strategic components at lower percentages and for certain stages of manufacturing.

A multitude of factors can influence the development and dynamics of the global markets for fish oil and fishmeal. Extrinsic variables such as weather and environment, fishery management, trade regulations, and so on are included.

Key Takeaways from the Fishmeal & Fish Oil Market

  • The fishmeal and fish oil market were dominated by salmon and trout and is expected to grow at a CAGR of 5.6% by 2033. This is because salmon oil is high in the omega-3 fats DHA and EPA. Consuming omega-3 fatty acids from salmon oil has been linked to a number of health benefits.
  • Pharmaceutical sector will register a growth of 5.4% and lead the application segment. Pharmaceutical industry will be highly benefitted from the fish oil and fish feed market owing to growing trend of fish-based supplementation and high adoptability of fish by-products in medical sector.
  • The U.S. to contribute a whooping US$ 4.6 billion by 2033 in the global market. Favorable policies and the thriving marine industry are the key reason driving the market in the region.
  • The U.K. is witnessing a growth of 4.9% in the fish oil and fish feed market. The growing concern and awareness on animal nutrition and well being is the key factor behind this significant growth of the region.
  • China is the most lucrative region among all growing at an astonishing rate of 5.2%. China is the top consumer of fish and fish products among other regions. Growing awareness on cardiac issues is promoting the adoption of fish oil among population.
  • Asia Pacific is likely to be the dominant region for the market till the end of the forecast period.

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Latest Developments

In April 2022, Evolve Supplements initiated its online store for aiding in the buying process for consumers.

In April 2022, Trident Seafoods came out with its Omega 3 food for dogs. They forayed into the pet food market with this initiative.

Key Segments Fish meal & Fish Oil Market

Source:

  • Salmon & Trout
  • Marine Fish
  • Crustaceans
  • Tilapia
  • Carps

Application:

  • Aquaculture & Aquatic Feeds
  • Land Animal Feeds and Livestock
  • Agriculture and Fertilizers
  • Pharmaceuticals
  • Dietary Supplements

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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