Market Research Blog – Page 4291 – New Product Development

China Packaging Primers Market Size Rising to US$ 901.5 Million by 2033: In Depth Industry Analysis

According to Future Market Insights, the China Packaging Primers Market size is forecast to reach US$ 564.1 million in 2023 and further expand at a CAGR of 4.8% during the projection period. Overall packaging primer sales in China are poised to surge at a steady pace, taking the overall market valuation to US$ 901.5 million by 2033.

In contemporary packaging practices, digital printing has become increasingly prevalent. To optimize the quality and durability of printed designs, packaging primers play a vital role. These primers serve to enhance the adhesion between the packaging substrate and the ink, establishing robust bonds between the two components. Their efficacy is particularly pronounced in the context of inkjet printing applications, where achieving vivid, long-lasting prints is crucial.

Rising demand for flexible and protective packaging with lightweight and better aesthetic features is a key factor driving China’s packaging primers industry forward.

Flexible packaging solutions are widely preferred over rigid packaging solutions, as they are cost-effective, lightweight, and durable, and require fewer plastics, and less space on shelves during packaging than rigid packaging options.

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This has significantly helped in increasing the overall consumption of products packed in flexible packaging formats. The rising inclination towards flexible or lightweight packaging formats is supplementing the sales of packaging primers in China to a significant extent.

How is Digital Printing Accelerating for Demand for Packaging Primers in China?

Rising Adoption of Printing Tech in China Packaging Market to Drive Packaging Primers Demand in the Country

In recent years, the integration of digital printing technology has significantly broadened the horizons for brands to connect with their desired consumer base. Packaging primers have emerged as instrumental tools, conferring a range of advantages, including heightened manufacturing efficiency. Notably, they excel in facilitating rapid ink drying, strong adhesion, and a notable improvement in the overall quality of the final product.

Packaging primers are particularly adept at fostering adhesion between substrates and inks, especially in the realm of inkjet printing, creating a robust and durable bond between these elements. The integration of advanced printing technologies within the Chinese packaging industry is poised to open up a plethora of opportunities for primer manufacturers to maximize their sales and financial profitability.

Drivers:

Growing Packaging Industry: The packaging industry in China is experiencing rapid growth, driven by the expansion of e-commerce, increased consumer demand for packaged goods, and the rise of the food and beverage sector.
Technological Advancements: Advancements in printing and coating technologies are boosting the demand for packaging primers, as they play a crucial role in enhancing print quality and adhesion on various packaging materials.
Environmental Regulations: Stringent environmental regulations are promoting the use of eco-friendly and sustainable packaging materials, driving the need for primers that support these materials and reduce environmental impact.
Brand Identity: Packaging primers are essential for achieving vibrant and consistent branding on packaging, which is crucial for brand recognition and consumer appeal.
E-commerce Growth: The growth of e-commerce in China requires packaging materials that can withstand the rigors of transportation, and primers play a role in ensuring the durability of printed designs and labels.
Food Safety Standards: The food and beverage industry’s adherence to stringent safety standards necessitates packaging primers that can withstand food contact and maintain product integrity.

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Key Takeaways from China Packaging Primers Market

The packaging primers market size in China is projected to reach US$ 901.5 million by 2033.
Overall packaging primer sales across China are forecast to surge at 4.8% CAGR between 2023 and 2033.
By primer type, solvent-based coatings segment is expected to expand at a CAGR of 7.2% during the assessment period.
Based on application, film, aluminum & paper converters segment is anticipated to hold around 42% of the total market share by the end of 2033.
Top 5 companies hold around 20% to 25% share of the China Packaging Primers Market.

Rising Popularity of Premium Goods Propelling Sales of Packaging Primers in China

Premium goods have emerged as an ultimate choice across various sectors in the goods packaging industry. Brands can attract more customers by offering items packaged with glossy & luxurious finish platforms, and package coatings are viewed as a method for achieving this.

Aesthetics together with appearance are vital factors when designing and manufacturing packaging in retail sector and fast-moving consumer goods (FMCG) industry. The reasons behind the rapid penetration of packaging primers in the China market are their attractive features such as excellent moisture-resistant properties high-end gloss, better surface for ink adhesion while printing, etc.

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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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Global Sodium Lauryl Sulphate Market Anticipated to Achieve a 5.2% CAGR from 2022 to 2032

According to the most recent industry analysis by Future Market Insights, the global market for sodium lauryl sulphate is projected to reach a value of US$ 576.7 million in 2022 and is anticipated to witness steady growth at a compound annual growth rate (CAGR) of 5.2% between 2022 and 2032. This growth trajectory reflects the sustained demand for sodium lauryl sulphate in various industries, such as personal care, pharmaceuticals, and detergents, highlighting its continued importance in the global market.

Sodium Lauryl Sulphate (SLS), a synthetic detergent and surfactant, plays a pivotal role in various industries, ranging from personal care and cosmetics to industrial cleaning and pharmaceuticals. This versatile compound has seen steady growth in demand over the years, driven by its unique properties and widespread applications.

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Market Overview:

Sodium Lauryl Sulphate, often abbreviated as SLS, is an anionic surfactant derived from lauryl alcohol and sulfuric acid. It is known for its ability to lower the surface tension of water, making it an effective foaming and cleaning agent. SLS is widely used in personal care products, such as shampoos, soaps, toothpaste, and body washes, due to its excellent cleansing and foaming properties. Additionally, it finds applications in industrial cleaning, pharmaceuticals, and various chemical processes.

Market Trends:

Rising Demand in Personal Care Products: The personal care and cosmetics industry is a major driver of the SLS market. The demand for sulfate-based surfactants like SLS remains strong as consumers seek effective and affordable cleansing products.
Natural and Organic Alternatives: Growing awareness of the potential side effects of SLS has led to an increased interest in natural and organic alternatives. This trend has prompted some manufacturers to develop sulfate-free products.
Increasing Emphasis on Eco-Friendly Products: With an increasing emphasis on sustainability and eco-friendliness, manufacturers are working to develop biodegradable SLS variants, reducing their environmental impact.
Expanding Pharmaceutical and Industrial Applications: SLS is used as an excipient in pharmaceuticals and as a cleaning agent in various industries. As these sectors grow, so does the demand for high-quality SLS.

Top Key Players in the Global Market

BASF SE,
The Dow
Dongming Jujin Chemical Co., Ltd
Henan GP Chemicals Co.,Ltd,
Shanghai Youyang Industrial Co
Stepan Company
Clariant Corporation
Acme-Hardesty Company
Alpha Chemicals Pvt. Ltd.,
Croda International Plc
The Chemours Company
Huntsman Corporation
Lion Specialty Chemicals Co. Ltd.

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Sodium Lauryl Sulphate Market Segmentation

By Product Type

Sodium Lauryl Sulphate Liquid
Sodium Lauryl Sulphate Dry

By Production Process

Inorganic Based
Coco Based

By End-Use

Detergents and Cleaners
Personal Care
Industrial Cleaner
Dish Washing Liquids

By Region

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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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Surgical Advancements Drive Cryotherapy Market Growth, Expected to Reach US$ 14.1 Billion by 2033, According to FMI Analysis

As per the latest analysis report on the cryotherapy market by Future Market Insights, the market is poised for significant growth. With a projected compound annual growth rate (CAGR) of 11.2%, the cryotherapy market is expected to reach a valuation of US$ 4.9 billion by the year 2023, and by 2033, it is forecasted to expand substantially, reaching an estimated worth of US$ 14.1 billion. Notably, the surgical applications segment is anticipated to be the leading revenue generator, with an expected CAGR of approximately 11.6% from 2023 to 2033.

The Cryotherapy Market refers to the industry involved in the development, manufacturing, and distribution of cryotherapy products and services. Cryotherapy, also known as cold therapy, involves exposing the body or specific body parts to extremely cold temperatures for therapeutic purposes.

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Cryotherapy is used in various medical, wellness, and beauty applications. It is commonly used for pain management, injury recovery, and inflammation reduction. The treatment involves using cryogenic chambers or localized devices that emit extremely cold temperatures, typically using liquid nitrogen or refrigerated air.

The cryotherapy market has witnessed significant growth in recent years, driven by several factors, including increased awareness about the benefits of cryotherapy, growing demand for non-invasive treatments, and advancements in technology. The market has also expanded due to the rising popularity of cryotherapy in sports medicine market demand the treatment of chronic conditions such as arthritis.

Key Takeaways Cryotherapy Market:

The Cryotherapy market refers to the industry related to the use of cryotherapy, a medical treatment that involves exposing the body to extremely cold temperatures for therapeutic purposes. Here are some key takeaways about the Cryotherapy market:

Market Growth: The Cryotherapy market has been experiencing significant growth in recent years. The increasing adoption of cryotherapy for various medical conditions and the rising demand for minimally invasive procedures are driving market expansion.
Medical Applications: Cryotherapy is used in the treatment of various medical conditions, including musculoskeletal disorders, skin conditions, pain management, and recovery from injuries. It is also used in certain surgical procedures.
Sports and Fitness: Cryotherapy has gained popularity among athletes and fitness enthusiasts for its potential benefits in enhancing performance, accelerating muscle recovery, and reducing inflammation. This segment is a significant driver of the Cryotherapy market.
Whole Body Cryotherapy: Whole Body Cryotherapy (WBC) is the most common form of cryotherapy. It involves exposing the entire body to extreme cold temperatures, typically in a cryochamber or cabin, for a short duration. WBC is widely used for its therapeutic and wellness benefits.
Localized Cryotherapy: Localized cryotherapy involves applying cold temperatures to specific body parts or areas. It is commonly used for targeted pain relief, reducing inflammation, and promoting healing in localized areas.
Increasing Adoption in Aesthetics: Cryotherapy is gaining popularity in the aesthetics industry for its potential benefits in skin rejuvenation, tightening, and reducing the appearance of cellulite. Cryo facials and cryolipolysis (fat freezing) are some of the aesthetic applications of cryotherapy.
Technological Advancements: The Cryotherapy market is witnessing advancements in technology, such as the development of advanced cryotherapy equipment, improved safety features, and automation of treatment processes. These advancements contribute to the market’s growth and enhance treatment outcomes.
Regional Market: The Cryotherapy market is geographically diverse, with North America, Europe, and Asia Pacific being key regions. North America has traditionally been a leading market, followed by Europe. However, the Asia Pacific region is expected to witness significant growth due to increasing awareness and adoption of cryotherapy.

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Top Companies in the Cryotherapy Market Industry:

AstraZeneca Plc.
Addgene
Caribou Biosciences
Boston Scientific Corporation
Brymill Cryogenic Solutions
Stryker
Cryoalfa

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and Marketing strategy adopted by these players in the Cryotherapy Market

Cryotherapy Market: Segmentation

By Device Type:

Cryo Probes
Cryogen
Gas cylinders
Localized Cryotherapy devices
Cryochambers and Cryosaunas
Other device types

By Therapy Type:

Cryosurgery
Icepack Therapy
Chamber Therapy

By Application:

Surgical Application
Pain Management
Other Applications

By Region:

North America
Latin America
Europe
Asia-Pacific
Middle East and Africa (MEA)

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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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Global Anisole Market Forecast: Anticipating a Steady 5.50% CAGR from 2022 to 2032

The global anisole market is expected to experience a moderate but steady Compound Annual Growth Rate (CAGR) of 5.50% during the forecast period, with a current market valuation of US$ 100.64 million in 2022. Anticipated to exhibit significant growth, the market value of anisole is projected to reach a high of US$ 171.90 million by the year 2032. Notably, a historical market valuation of US$ 95.39 million was recorded in the analysis conducted by Future Market Insights, reflecting the potential for substantial market expansion in the coming years.

Anisole, also known as methoxybenzene, is an organic compound with a pleasant, aromatic odor. It is a colorless liquid with the chemical formula C7H8O and is commonly used as a precursor in the production of various chemicals and perfumes. Anisole’s unique properties have made it a valuable commodity in the chemical and fragrance industries.

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Market Overview:

The global anisole market has experienced steady growth in recent years, primarily driven by increasing demand for fragrance compounds and the expanding chemical industry. The compound’s versatile applications, ranging from pharmaceuticals to agrochemicals, have further fueled its demand.

Key Market Drivers:

Fragrance Industry: Anisole is a vital ingredient in the formulation of various fragrances, including perfumes, cosmetics, and personal care products. The growing consumer inclination towards premium and exotic scents has propelled the demand for anisole.
Chemical Industry: Anisole serves as an important precursor in the synthesis of pharmaceuticals, agrochemicals, and other specialty chemicals. Its role in these industries has contributed to the market’s sustained growth.
Growing Popularity of Organic Compounds: As consumers become more environmentally conscious, there is a rising demand for organic and eco-friendly products. Anisole, with its organic nature, aligns well with this trend.

Top Key Players in the Market

SIGMA-ALDRICH Co. LLC
Atul Ltd.
Solvay S.A.
Westman Chemicals Pvt. Ltd.
Parchem fine & specialty chemicals
Evonik Industries AG
Huaian Depon Chemical Co., Ltd.
JIANGSU TIANJIAYI CHEMICAL CO. LTD.
Kessler Chemical, Inc.
Shaanxi Top Chemical Co., Ltd.
Yasho Industries Pvt., Ltd.
Hangzhou Haichem Co., Ltd.

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Global Anisole Market: Segmentation

On the basis of the application

Dyes
Perfumes
Pharmaceutical products
Others (food products, etc.)

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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

Panel Level Packaging Market Size Projected to Reach US$ 8.5 billion with14.9% of Huge CAGR till year 2033: In Depth Industry Analysis

In 2023, it is expected that the global Panel Level Packaging Market will be worth US$ 2.1 billion. By 2033, the market is projected to be worth about US$ 8.5 billion. It is anticipated to increase at an astounding rate of 14.9% CAGR from 2023 to 2033.

Field-programmable gate arrays (FPGA), central processing units, graphics processing units, power management integrated circuit modules, basebands, and various other electronic components are harnessed through this packaging approach. This method not only enhances design flexibility but also serves to reduce the overall expenses associated with circuit packaging.

Manufacturers are actively urging their suppliers to provide panel-processing equipment and materials, allowing them to achieve wafer-level precision in their packaging operations on panel substrates. The rise of panel level packaging (PLP) is poised to emerge as a pivotal and indispensable packaging technique.

This type of packaging is extensively used to package several components, including baseband, central processing unit (CPU), graphics processing unit (GPU), power management integrated circuit module, and field programmable gate array. The method lowers circuit packaging costs while increasing design flexibility.

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Top Trends Fueling Panel Level Packaging Demand Worldwide

Demand for Panel Level Packaging to Boom with Miniaturization of Consumer Electronics

With the continual advancement of integrated circuits technology, there’s a growing demand to efficiently package a multitude of electronic components within limited space. The approach that allows for packaging multiple components on the same substrate is commonly known as panel level packaging technology.

This innovative technology finds its practical application in the realm of consumer electronics, particularly in the development of ultra-slim, portable devices like smartphones, smart gadgets, and smartwatches. These compact packages boast versatile functionality and exhibit energy-efficient characteristics.

Within the Internet of Things (IoT) landscape, small electronic modules housing substantial electronic components are pivotal in performing a multitude of tasks while conserving power. Fan-out wafer level packaging technology has emerged as a prominent choice for many IoT devices, ensuring efficient packaging and enhanced performance.

Drivers:

Miniaturization Trends: The increasing demand for smaller and more compact electronic devices, such as smartphones and wearables, drives the adoption of panel level packaging (PLP) due to its ability to achieve higher levels of miniaturization.
Improved Electrical Performance: PLP can enhance electrical performance by reducing the length of interconnects, leading to improved signal integrity and reduced power consumption in electronic devices.
Cost Efficiency: PLP can be a cost-effective packaging solution, as it reduces the number of process steps and materials required, resulting in potential cost savings for manufacturers.
Higher Integration Density: PLP enables higher levels of integration and connectivity within semiconductor packages, supporting the development of advanced and feature-rich electronic products.
Advanced Packaging Technologies: The integration of PLP with advanced packaging technologies, such as fan-out wafer-level packaging (FOWLP), enhances its attractiveness in the semiconductor industry.
Demand for 5G and IoT Devices: The rollout of 5G networks and the growth of the Internet of Things (IoT) drive the need for compact and high-performance electronic components, boosting the PLP market.

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Key Takeaways from the Panel Level Packaging Market Study:

1. From 2018 to 2022, the Panel Level Packaging Market showed a historical CAGR of about 6%, which was rather significant.
2. By 2033, it is anticipated that the Panel Level Packaging Market in the USA will be worth US$ 1.4 billion.
3. The Panel Level Packaging Market in the United Kingdom is projected to surge at a 2% CAGR during the forecast period.
4. During the assessment period, South Korea is expected to generate an absolute dollar opportunity of around US$ 392.7 million.
5. The fan-out panel level packaging category is anticipated to increase at a CAGR of 8% by 2033, according to integration type.

Key Players

Amkor Technology Inc.
Deca Technologies
Lam Research Corporation
ASE Group
Siliconware Precision Industries Co. Ltd.
Fraunhofer Institute
SPTS Technologies
Stats ChipPac
Qualcomm Technologies
Samsung
TSMC

For instance,

1. LB Semicon, an OSAT firm with its headquarters in South Korea, said in June 2022 that starting the following year, it will provide fan-out wafer level packaging solutions. This action aims to lessen the company’s reliance on the display driver integrated circuit dumping industry. The business provides testing services for application processors and complementary metal-oxide semiconductor image sensors.

The first electronic computer-aided design (ECAD) platform for 3D system design was released in October 2021 by a California-based company called Cadence. Building 3D stacked designs is anticipated to be done using the Cadence 3D-IC platform. This platform supports a variety of packaging arrangements, including 3D stacking, wafer-on-chip packaging, and fan-out wafer level packaging.
Samsung Electronics, a South Korea-based electronics maker, said in May 2021 that it would invest US$ 139.2 billion through 2030 on new manufacturing facilities, foundry operations, and system very large scale integration. The company’s foundry division will support cutting-edge technologies including high performance computing, 5G, and artificial intelligence.

Key Segments Covered

Integration Type
Carrier Type
End User
Region

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About Future Market Insights (FMI)

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Nandini Singh Sawlani

Global Isovaleric Acidemia Treatment Industry is projected to hit US$ 1,125.15 Million by 2033 | FMI

The global isovaleric acidemia treatment industry size is expected to be valued at US$ 652.28 Million in 2023 and is projected to reach US$ 1,125.15 Million by 2033, trailing a CAGR of 5.6%. Mass spectrometry development coupled with chromatography has advanced the reliability and efficiency of Isovaleric Acidemia profiling and shows the key structures in medical fields. The bio-information provided by these technologies enables accurate disease diagnostics and the useful clinical ability to manage diseases. The benefits of high sensitivity, highly accurate, and high throughput metabolomics show substantial capability in disease treatment which will drive the market during the forecast period.

Moreover, increasing demand for one-time therapies for metabolic disorders and the rising prevalence of lifestyle diseases are the key factors that are anticipated to boost growth of this market. The increasing product approval by regulatory authorities is anticipated to drive growth of global metabolism drugs market. PYRUKYND is a first-in-class, oral PK activator and the first approved disease-modifying therapy for hemolytic anemia in adults with pyruvate kinase (PK) deficiency disease which will augment the therapeutic market in Isovaleric Acidemia.

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Also, growing research and development for development metabolism drugs is anticipated to drive market growth over the forecast period. However, major factors that hinder growth of the global inborn errors of metabolism market include clinical hold on trials by market players. Moreover, the research in personalized medicine and the continuous development of advanced analytical tools are further supporting the growth of the market across the globe.

Key Takeaways from the Market Study:

North America is expected to dominated the market with a share of 41.8% in 2022.
Asia Pacific is projected to be fastest growing market for Isovaleric Acidemia with a CAGR of 4.9% during the forecast period.
China is estimated to dominate the industry in APAC with a market share of 41% by 2033.
By Treatment type, L-Carnitine supplement is expected to lead the industry with a segment share of 79% during the assessment period.
Adoption of Next gen technologies like Tandem mass spectrometry and Mrna in metabolic testing procedures will lead to market expansion.

“Rising Investments in research and development activities and fast adoption of next generation technologies will bolster the market footprint” -comments an FMI Analyst

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Competitive Landscape:

Key players in the Isovaleric Acidemia Market are:

Amgen
Replimune Group Inc.
Transgene SA
Oncolys BioPharma
Targovax
Lokon Pharma
Vyriad
TILT Biotherapeutics
VCNBiosciences
DNAtrix

Some recent developments in this industry are:

In 2020, Nutricia established a sustainable plant in the Netherlands. The Nutricia Cuijk plant was a massive investment that increased the volume of specialized infant formula and the market’s revenue generation.
In June 2022, Mead Johnson & Company, LLC announced that it had been completely merged with Reckitt Benckiser Group plc (RB). With Reckitt Benckiser plc groups’ good innovation and marketing processes, it was expected that the Mead Johnson brand and business would continue to boom.
On February 17, 2022, Maze Therapeutics, a company translating genetic insights into new precision medicines, announced the initiation of dosing in the company’s Phase 1 clinical trial of MZE001 in healthy volunteers. MZE001, an oral glycogen synthase (GYS1) inhibitor that aims to address Pompe disease by limiting disease-causing glycogen buildup, is being evaluated for the potential oral treatment of patients with late-onset Pompe disease.
On May 15, 2020, Ultragenyx Pharmaceutical Inc., a biopharmaceutical company focused on the development and commercialization of novel products for rare and ultra-rare diseases, announced positive initial data from the confirmatory third cohort and longer-term data from the first two cohorts of the ongoing Phase 1/2 study of DTX401, an adeno-associated virus (AAV) based gene therapy for the treatment of glycogen storage disease type Ia (GSDIa).

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Key Segments Profiled in the Isovaleric acidemia treatment industry Industry Survey:

By Treatment:

L-Carnitine Supplements
Glycine Supplements
Others

By Region:

North America
Latin America
Europe
Asia Pacific
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

Pet Food Processing Market Poised for Remarkable Growth by USD 8.4 Billion in 2032 | Future Market Insights Inc.

The pet food processing market is experiencing a significant boom, driven by the growing demand for high-quality pet nutrition. With an increasing focus on pet health and wellness, manufacturers are innovating to create nutritious and flavorful options. Novel protein sources like insect-based diets are gaining traction as sustainable alternatives. Automation and smart technology are streamlining production processes, ensuring consistency and safety.

The estimated value of the worldwide pet food processing market is anticipated to be USD 5.0 billion in 2022 and USD 8.4 billion by 2032, representing a CAGR of 5.3% over the forecast period of 2022–2032

The pet food processing market is predicted to grow as demand for pet food rises due to the recent trend of pet parenting. Growing pet food processing research and development, as well as technical improvements, are predicted to produce amazing outcomes in terms of new products that will appeal to customers and propel the pet food processing market to new heights.

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For the years 2019-2020, the pet dog and cat population has grown at a considerable rate of 3.5 percent. This indicates that more and more people are getting into pet ownership, and the demand for chemical-free, high-nutrition, high-quality food has grown. This is likely to help the burgeoning pet food processing industry.

Key Takeaways from the Market Study

Companies are more likely to explore sustainable pet food processing methods. Companies can also fulfill their CSR obligations by moving to sustainability
The US pet food processing market is projected to grow at a CAGR of around 5.8% over the next ten years.
An alternative source of protein could boost profits for businesses while also improving the quality of pet food. With technological advancements, companies are using algae, yeast and insects to make superior quality high protein pet food.
India’s pet food industry is anticipated to be valued at 25 billion INR, with around 29 million pets. As a result, it is a valuable market location for businesses.
Rising pet humanizing trend and growing demand in Europe, the pet food processing market is expected to flourish in this region.

“ The pet food processing market is expected to have significant growth due to the trends and factors like use of animal-free pet food, Natural preservative demand, variety of ingredients, increase in pet keeping and pet humanization trend,” says a lead analyst at Future Market Insights.

Competitive landscape:

Pet food processing companies are more inclined towards research and development to enhance the quality of their products. Manufacturers are using advanced technologies and methods to get superior pet food that is cost-effective and sustainable.

Bond pet inc. use methods that can make their high-protein pet food products animal-free. Crickets are an excellent source of protein in pet food that is both cost-effective and beneficial to animals.
Bergen and Biomega Group use fish by-products from salmon processing units to make pet food of supreme quality. These are used to increase the protein and fatty acid content of pet food, which is quite preferred among pet owners.

Market Segments Covered In Pet Food Processing Market Analysis

By Product Type :

Mixing & Blending Equipment
Forming Equipment
Baking & Drying Equipment
Cooling Equipment
Others

By Form :

Dry Food
Wet Food

By Application :

Dog food
Cat food
Fish food

By Regions :

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

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Frequently Asked Questions

How much is the pet food processing market currently worth?
At what CAGR is the market expected to grow?
What are the key trends boosting pet food processing sales?
How are market players reacting to the new developments in the market?
How many shares do the top 5 companies hold?
Which are the major countries driving demand for pet food processing?
Who are the major players in Pet food processing market?
At what rate will the U.S. pet food processing market grow?

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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.

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Food Grade Gases Market All Set for a Booming at 6.2% CAGR from 2022 to 2032

The Food Grade Gases Market is experiencing a significant surge in demand as food safety and preservation become paramount. Nitrogen, one of the key players, aids in extending shelf life by preventing oxidation and spoilage in packaged goods. Carbon dioxide, another crucial gas, is used in carbonation for soft drinks and as a pH regulator. Helium, often overlooked, ensures the integrity of food packaging by leak detection.

The food-grade gases market refers to the industry involved in the production and distribution of gases specifically designed for use in the food and beverage processing and packaging sectors. These gases are of high purity and meet stringent safety and quality standards, ensuring that they do not contaminate the food products they come into contact with. The primary food-grade gases used in the industry include carbon dioxide, nitrogen, oxygen, and argon, among others.

The market for food-grade gases was estimated to be worth USD 7.1 billion in 2022 and is anticipated to increase at a CAGR of 6.2% from 2022 to 2032 when it is expected to be worth USD 13.0 billion. According to recently released market analysis data from Future Market Insights, the demand for food-grade gases worldwide is expected to increase by 3.5% Y-o-Y in 2022.

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In numerous industries, including agriculture, food processing, aquaculture, and the production of fruits and vegetables, there is a need to boost food production due to the rapid development of the human population. The usage of technologies related to food production has increased as a result. This method is demonstrated by the employment of gases during the many stages of food preparation, processing, preservation, and ripening.

It includes in-depth insights into the food grade gases market. Some of these are:

The estimated value of the market was at US$ 5.3 Bn in 2022. Through the course of the report’s forecast period, the market is likely to exhibit to a steady pace of growth.
North America accounted for the largest market in the global food grade industrial gases market owing to higher demand for processed food.
Europe is emerging as the second largest market for food grade industrial gases. However, it is considered as established markets.
Asia Pacific is growing at a faster rate to grab major market in this region.

“The increasing use of gases such as carbon dioxide, nitrogen, etc., in carbonated drinks has resulted in a positive impact on the food grade gases market,” said a lead analyst at FMI.

Nationwide Lockdown due to Coronavirus has stunted the Market Growth

The raising prices of raw materials needed to produce are hampering demand development. Worsening situation is disruptions in the supply chain caused by the recent COVID-19 impact. With manufacturers facing difficulties in obtaining available raw materials and fewer labourers, the production might be hampered. Reduced transport due to lockdowns imposed across different nations is also limiting the growth of the sector. If COVID-19 continues to spread around the world, it is unlikely that prevailing economic problems will abate quickly at any time. Unprecedented events occur with the illness passing through one horrid phase after another.

Who is Winning?

Global Food-Grade Industrial Gases Market is a highly competitive market which a major share taken by the active player such as Linde plc, Linde plc, Air Liquide S.A. and others. Mergers and acquisitions and product innovations are the next strategies preferred by companies to strengthen their market dominance. This strategy helps companies to expand their presence in the market across the globe. For instance, Linde plc acquired Praxair which is America’s one of the largest industrial gas companies to capitalize theirs in the American market. Also, the key players are focusing on expanding their network of innovation centers, which enable them to collaborate with customers on new product development and reformulations and make investments.

Get Valuable Insights into Food Grade Gases Market

Gas Type

Nitrogen
Carbon dioxide
Oxygen
Others

Product Type

Dairy and frozen products
Beverages
Fruits & vegetables
Meat
Fish & seafood
Bakery and confectionery
Others

Application

Freezing and chilling
Packaging
Carbonation
Others

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Frequently Asked Questions

What is the Growth Outlook for Food Grade Gases Market?
By 2032, how much can the Food Grade Gases Market Grow?
What is the Current Valuation of the Food Grade Gases Market?
Which Region is likely to Lead the Food Grade Gases Market?

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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Nandini Singh Sawlani

Helicobacter Pylori Infections Treatment Industry is expected to reach US$ 1,260 Million at a CAGR of 7.04% from 2023 to 2033: FMI Report

The global helicobacter pylori infections treatment industry is predicted to reach US$ 638.3 Million in 2023, with a compound annual growth rate (CAGR) of 7.04% anticipated from 2023 to 2033, reaching US$ 1,260 Million. The spread of such infections can be attributed to a number of factors, including a lack of adequate water supply, poor sanitation, a large population, and poor personal hygiene. One of the factors influencing the Helicobacter pylori diagnostics market’s growth is increased awareness of H. pylori infections in the cohort.

Antibiotic availability and affordability, as well as quicker processing times, will boost antibiotic use and the need for pre and post-surveillance tests. Furthermore, rising H. pylori infection rates, the need for early symptom diagnosis, and technological advances in diagnostic methods are expected to fuel overall growth over the forecast period.

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The key drivers of the industry are the increasing prevalence of communicable diseases and rising public awareness about infections. Tuberculosis, Chlamydia, gonorrhea, other sexually transmitted diseases (STDs), stomach flu (gastroenteritis), and bladder infections are the most common viral infections (UTIs). North America is expected to dominate the global helicobacter pylori diagnostics industry over the forecasted timespan. The rise can be linked to factors such as an increase in disease transmission, increased awareness of communicable diseases, and the launch of new products.

Key Takeaways from Market Study:

Global helicobacter pylori treatment market to expand nearly 2x from 2023 to 2033
By 2023, Europe is expected to have the second-highest H. pylori sales volume, with 30% revenue.
In terms of total revenue, hospitals and diagnostics laboratories accounted for more than 82% of the industry share in 2021.
The global helicobacter pylori infections market is expected to be worth US$ 1,260 Million
The global market for helicobacter pylori infections is estimated to be worth US$ 638.3 Million

“With a rise in the prevalence of chronic diseases, demand for helicobacter pylori treatment is rising, paving way for new approaches to treatment and therapeutics,” remarks an analyst at FMI.

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Market Competition:

Phathom Pharmaceuticals
Redhill Biopharma
Takeda Pharmaceuticals
AbbVie
Cumberland Pharmaceuticals
Eisai Co.
Bio-Rad Laboratories
F. Hoffmann-La Roche
Alpha Laboratories
Biohit
In May 2022, Biomerica, Inc. received CE Mark for its hp+detect diagnostic test for Helicobacter pylori bacteria. Following product registration in each nation where it is sold, the company plans to market and sell its hp+detect diagnostic test in the European Union (EU) and other international markets.
Otsuka launched QuickNavi^TM-H. Pylori, a Helicobacter pylori Quick Detection Kit, in April 2021. The diagnostic kit employs the immunochromatography technique to determine the presence or absence of Helicobacter pylori antigens in a stool sample.
In July 2022, Bio Rad introduced Platelia H. pylori IgG, an immuno-enzymatic assay for qualitative determination of IgG antibodies. Serology is a non-invasive, delicate, and simple method for determining H. pylori infection. To evaluate the quality of IgG antibodies, the Platelia H. pylori IgG immunoenzymatic assay is used.

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Key Segments Profiled in the Helicobacter pylori infections treatment industry Industry Survey:

By Treatment:

Bismuth-quadruple Therapy
Concomitant Therapy
Levofloxacin Triple Therapy
Bismuth Therapy
High-dose Dual Therapy

By Application:

Hospitals
Diagnostics Laboratories
Clinics

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East and 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.

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Nandini Singh Sawlani

Extended Detection and Response Market: A Promising Journey Towards US$ 5,870.69 Million by 2033 with a Robust CAGR of 20.5%

The global extended detection and response market is expected to be worth US$ 909.53 million in 2023. The market is expected to thrive at a CAGR of 20.5% to reach US$ 5,870.69 million by 2033. The extended detection and response industry is growing at an exponential rate, primarily driven by the need for more comprehensive and effective threat detection and response solutions.

As organizations continue to adopt cloud computing, IoT, and other emerging technologies, the attack surface expands, leading to a higher risk of cyber attacks. The demand for extended detection and response solutions that can detect persistent threats is expected to drive market growth.

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Despite the challenges, the XDR industry presents numerous growth opportunities. As the threat landscape becomes more complex, organizations are expected to invest more in advanced threat detection and response solutions. In addition, the increasing demand for cloud-based XDR solutions and the growing adoption of extended detection and response by small and medium-sized enterprises (SMEs) present new market opportunities.

Furthermore, the rise of remote workforces and the need for more secure remote access solutions are also expected to drive the demand for extended detection and response.

The industry is shifting towards a more holistic approach to threat detection and response. Extended detection and response solutions are becoming more integrated, providing a single platform for threat detection, investigation, and response across different security domains. In addition, there is a growing trend toward the adoption of AI and machine learning in XDR solutions.

Although, there are still significant restraints that hinder the growth of the XDR industry. One of the key challenges is the shortage of skilled cybersecurity professionals to manage and operate these solutions.

Also, the high cost of implementing and maintaining extended detection and response solutions can be a barrier for smaller organizations. Moreover, concerns over data privacy and regulatory compliance can also limit the adoption of extended detection and response solutions.

Key Takeaways from the Extended Detection and Response Market:

In 2022, the United States accounted for more than 45% of the global extended detection and response market.
In 2022, Germany held a significant share of the European extended detection and response industry, accounting for more than 18% of the regional market.
In 2022, China held a significant share of the Asia Pacific extended detection and response industry, accounting for more than 29% of the regional market.
With an estimated market share of around 22%, the United Kingdom extended detection and response industry is a dominant force in the European market.
With an estimated market share of 75% in 2022, the solutions segment dominates the extended detection and response industry by component.
With an expected 60% market share in 2022, cloud deployment is the dominant deployment type in the extended detection and response market.
With a projected 65% market share in 2022, the large enterprise segment dominates the extended detection and response industry by application.

Competition in the Extended Detection and Response Industry Heats Up as Adoption Rises

As extended detection and response gains traction, competition among vendors is likely to intensify. The market is currently dominated by established players such as Microsoft, Cisco, and Palo Alto Networks, but new entrants are expected to emerge and disrupt the market. These new entrants are likely to be niche players who focus on specific aspects of XDR, such as threat intelligence or endpoint security.

Competition in the XDR industry is likely to be driven by technological advancements. Vendors are investing heavily in developing advanced analytics and machine learning algorithms to improve threat detection and response capabilities. The ability to integrate with other security solutions and platforms is also becoming a key differentiator in the market.

The increasing adoption of cloud-based XDR solutions is expected to further intensify competition in the market. Vendors that offer seamless integration with cloud environments and provide superior cloud security capabilities are likely to have an advantage over their competitors.

Latest Developments in the Extended Detection and Response Industry:

In October 2022, Secureworks, Inc. launched Taegis, an extended detection and response platform.
In January 2022, Symphony Technology launched Trellix, a new business focused on extended detection and response (XDR).
In March 2022, Microsoft Corporation announced the acquisition of Nuance Communications Inc.

Leading Key Players:

Cisco
FireEye
Trend Micro
Bitdefender
Broadcom
Cybereason
Cynet
Fidelis Cybersecurity
McAfee, LLC
Microsoft
Palo Alto Networks
Red Piranha Limited
SentinelOne

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Extended Detection and Response Market Segmentation:

By Component:

Solutions
Services

By Deployment Type:

On-premise
Cloud

By Application:

Large Enterprises
SMEs

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI 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