Market Research Blog – Page 4311 – New Product Development

Europe’s Dominance in the Global VCI Paper Market: Key Drivers, Anticipated To Rise To US$ 696.5 Million By 2032

According to the FMI report analysis, the global VCI paper market is projected to reach a valuation of US$ 600.3 million in 2022, exhibiting a slow CAGR of 1.5% until 2032. The sales of VCI paper are anticipated to rise to US$ 696.5 million by 2032.

The North American VCI (Volatile Corrosion Inhibitor) paper market is poised for substantial growth, with the region anticipated to secure the second position in the global market. Currently, North America collectively accounts for 18% of the total market share of VCI paper.

In North America, the automotive industry plays a significant role in driving the adoption of VCI paper for protecting metal parts. Additionally, VCI paper finds application in various sectors such as musical components, aerospace parts, gears, motors, bearings, and more, further expanding the market size of VCI paper in the region.

Meanwhile, Europe is expected to maintain its stronghold as the dominant player in the global VCI paper market throughout the forecast period. Currently, Europe holds a substantial share of 28% in the VCI paper market.

The demand for VCI paper in Europe is on the rise, leading to increased investments in the region. Economic labor and government grants for research and development activities are contributing factors driving market growth for VCI paper. In Europe, the need to protect ferrous components due to their corrosive nature and their application in commercial vehicles and automobiles is expected to propel the market’s growth. The combination of these factors positions Europe as a leader in the VCI paper market.

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Competitive Landscape-

Key Players Setting the Bar too High for New Entrants with their Innovation Capabilties

The key companies are seeking solutions that would make packaging seamless for the end users. Some of the recent developments by the market players are:

Natur-VCI, a biodegradable and compostable vapor corrosion inhibitor film, was introduced in May 2021 by the Northern Technologies International Corp. business unit to protect both ferrous and non-ferrous metals during shipment and short-term storage.

The key players in the VCI paper market are:

Branopac
OJI PAPE
Daubert VCI
Zerust
RustxUS
LPS Industries
Transilwrap (Metpro)
Protective Packaging Corporation
RBL Industries
Technology Packaging Ltd
Protopak Engineering Corp
Green Packaging

Recyclability of VCI Paper to Keep the Profit Margin High for Manufacturers

Cost-Efficient Production: VCI paper can be manufactured from recycled materials, reducing the cost of raw materials. This cost efficiency allows manufacturers to maintain healthy profit margins while offering competitively priced products to customers.
Environmental Responsibility: Recycling materials for VCI paper aligns with environmental sustainability goals. Manufacturers can promote their eco-friendly practices and appeal to environmentally conscious consumers, potentially commanding premium prices for their products.
Reduced Waste Disposal Costs: Recycling VCI paper and using eco-friendly materials minimizes waste and disposal costs. Manufacturers can benefit from reduced waste management expenses, contributing to higher profitability.
Market Demand: With the growing emphasis on sustainable and recyclable packaging solutions, VCI paper made from recyclable materials can meet the demand of environmentally aware customers. This increases the marketability of VCI paper products and, in turn, profit margins.

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Applications of VCI Paper

VCI Paper finds applications in a wide range of industries, each benefiting from its exceptional corrosion protection. Some common applications include:

Automotive Industry: Protecting auto parts, engines, and components during manufacturing and shipment.
Electronics: Preserving sensitive electronic equipment, circuit boards, and components from corrosion.
Aerospace: Shielding critical aircraft components and spare parts from rust and degradation.
Machinery and Equipment: Preventing corrosion in machinery, tools, and industrial equipment.
Military and Defense: Safeguarding weapons, ammunition, and other military assets from corrosion.
Metalworking and Fabrication: Preserving metal sheets, coils, and finished products during storage and transit.

Key Segments in the VCI Paper Market

By Product:

VCI Paper
VCI Films
VCI Bags
Foam
Other

By Material:

Paper
Polythene
Other

By End-User Industry:

Aerospace & Defence
Primary Metal
Electricals & Electronics
Automotive
Heavy Equipment
Metal Works

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About Future Market Insights (FMI)

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

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Global Chickpea Protein Market Set to Reach US$ 165.1 Million by 2033 Meeting Rising Demand for Plant-Based Protein Across Europe, the USA

The global chickpea protein market is predicted to register a CAGR of 5.1% over the forecast period, as per FMI’s analysis. The industry’s size is anticipated to increase from US$ 100.9 million in 2023 to US$ 165.1 million by 2033 end.

Growing consumer demand in the food industry is expected to drive up consumption of chickpea protein. Over the next ten years, the food and pastry kitchen business is expected to benefit from the widespread usage of chickpea protein. As consumers’ preferences for prepared foods and meat alternatives shift, the business is expected to grow.

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In the upcoming years, it is anticipated that the development of alternative meat compositions for products like snacks and dressings will spur market growth. The market is anticipated to grow as a result of chickpeas’ low cost, adaptability, and nutrient-rich qualities. The use of chickpea protein for preventing chronic diseases, managing weight, and promoting other areas of health is anticipated to drive market expansion in the years to come.

Top Highlights from the FMI’s Analysis of the Chickpea Protein Market:

North America is assessed to lead the global market over the next 10 years. The United States chickpea protein industry is projected to attain US$ 53.6 million by 2033. The CAGR assumed for the United States market is anticipated to be 7% over the forecast period.
In the Europe region, Germany is projected to hold a significant market percentage. The German market is anticipated to attain US$ 13.21 million by 2033. Over the forecast period, the market is expected to expand at 4% CAGR.
The United Kingdom market is predicted to attain US$ 8.3 million by the end of 2033. Over the upcoming years, the market is anticipated to register a 6% CAGR.
In the European region, the Spain market is expected to exhibit significant growth, expanding at a CAGR of 2% over the forecast period. The market is set to achieve a market valuation of US$ 7.1 million by 2033.
Within the Asia Pacific region, China’s contribution is anticipated to stand out. By the end of 2033, the China market is expected to attain US$ 17.8 million. The market is projected to perceive a growth rate of 4% over the forthcoming years.
The protein isolates segment, based on product type, is expected to register a 4% CAGR, up from the 3.6% CAGR observed in the historical period.
The conventional chickpea protein vertical, based on nature, is projected to expand at a CAGR of 5% from 2023 to 2033, lifting from the 3% CAGR witnessed in recent years.

Key Developments Stirring Up the Marketplace

In March 2023, new, innovative food products developed using InnovoPro’s chickpea protein are planned to be showcased in snacks, dressings, dairy, and meat alternatives categories. These newly developed products are expected to be showcased at Natural Products Expo West 2023.
In September 2022, Ingredion Inc. announced its equity stake in InnovoPro, a chickpea ingredient developer.

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Chickpea Protein Market Segmentation

By Product Type:

Protein Isolates
Protein Concentrates
Flour
Other Product Types

By Nature:

Organic
Conventional

By End User:

Food Processing
- Bakery & Confectionery
- Meat Alternatives
- Functional Foods
- Dairy Replacements
- Infant Foods
- Other Food Applications
Animal Feed
- Livestock
  - Cattle
  - Swine
  - Poultry
- Pet Food
- Aquafeed
Nutraceuticals
Sports Nutrition
Infant Nutrition

By Processing Type:

Dry Processing
Wet Processing

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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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Edible Collagen Casing Market: Germany’s Dominance in Europe, Reach A Valuation Of US$ 2.5 Billon By 2032 | FMI Reports

The edible collagen casing market is projected to register a CAGR of 6% during the forecast period, up from US$ 1.3 Billion in 2021 to reach a valuation of US$ 2.5 Billon by 2032.

Germany has solidified its position as a key player in the edible collagen casing market within Europe. The country’s well-established meat and sausage industry, renowned for its quality products, has contributed to this significant presence.

In the United States, the rising consumption of fast food items like hot dogs is expected to significantly impact the sales of edible collagen casings. These casings are commonly used in the production of hot dogs and sausages, aligning with the demand for convenient and quick food options.

On a global scale, developing nations such as China and Brazil are poised for substantial revenue growth in the edible collagen casing market. The burgeoning middle-class populations in these countries, along with changing dietary preferences, are driving the demand for processed meat products and, consequently, edible collagen casings. As these economies continue to expand, they are likely to take the lead in shaping the future of the edible collagen casing market.

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Key Edible Collagen Casing Market Takeaways and Projections

The U.S. is expected to lead the North america edible collagen casing market, projecting the fastest growth in the region between 2022 and 2032
Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of edible collagen casing market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

It also provides a list of leading players and recent development in the global edible collagen casing market. Some of the prominent market players are

Fibran, S.A.,
Fabios S.A.,
ViskoTeepak LLC,
International Casings Group, Inc.,
Podanfol S.A.,
Devro plc,
Liuzhou Hongsheng Collagen Casing Co., Ltd.,
Shenguan Holdings (Group) Limited,
Nitta Casings Inc.

Key Growth Propellers to the Edible Collagen Casing Market Share

Increasing Demand for Processed Meats: The rising global demand for processed meat products, such as sausages and hot dogs, is a major driver of the edible collagen casing market. As consumer preferences shift toward convenience foods, the use of edible collagen casings for these products is on the rise.
Growing Fast Food Consumption: The surge in fast food consumption, particularly in the United States, is driving the sales of edible collagen casings. Hot dogs, a popular fast food item, often utilize these casings, contributing to market growth.
Germany’s Leading Role in Europe: Germany’s strong presence in the edible collagen casing market, primarily due to its well-established meat and sausage industry, is a significant factor propelling market share in Europe.
Emerging Markets in China and Brazil: Developing nations like China and Brazil are witnessing rapid revenue growth in the edible collagen casing market. The expansion of the middle class, evolving dietary preferences, and a growing demand for processed meat products are boosting the consumption of edible collagen casings in these regions.
Quality and Versatility: Edible collagen casings are valued for their quality, consistency, and versatility, making them a preferred choice for manufacturers in the meat processing industry.

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Key Segments For Edible Collagen Casing Market

On the basis of the material type

Animal Collagens Casing
Cellulose Casing
Natural Casing

On the basis of the type of ends

Open-end
Closed end with a knot
Closed end with a twist

On the basis of size

13 mm to 20 mm
21 mm to 31 mm
Above 32 mm

Frequently Asked Questions (FAQs)

What will be the growth of Edible Collagen Casing Market in the coming years?
Who are the key players in the Edible Collagen Casing Market?
What will be the size of Edible Collagen Casing Market in the foreseeable future?
Which end-use type is expected to register significant growth in the Edible Collagen Casing Market?
Which region accounted for the largest share in the Edible Collagen Casing Market?
Who are the target audience in the Edible Collagen Casing Market?

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Europe’s Webbing Cutting Machine Market: Steady Growth and Diverse Applications, Anticipated To Reach US$ 3 Billion By 2032

The global webbing cutting machine market is expected to surpass US$ 2 Billion in 2022, growing at a CAGR of around 2% to 3% during the forecast period (2022 to 2032). The overall sales of the webbing cutting machine market are anticipated to reach US$ 3 Billion by 2032.

The Asia Pacific webbing cutting machine market presents a significant opportunity for growth, with the region expected to exhibit the fastest expansion during the forecast period. This growth can be attributed to various factors, including the emergence of new entrants and the continuous expansion of the apparel industry in key countries like China, Japan, and India. Furthermore, the rapid pace of urbanization, rising per capita income, and evolving lifestyles are set to drive the adoption of webbing cutting machines in sectors such as textiles and food & beverages. The automotive industry in Asia Pacific is also increasingly recognizing the advantages of webbing cutting machines, further bolstering sales in the region.

In Europe, a steady growth trajectory is anticipated for webbing cutting machines. This is primarily due to the growth of the food, consumer goods, and packaging industries, which are expected to drive demand for these machines. The need for minimal human intervention to ensure product consistency in manufacturing processes will be a key driver in Europe’s webbing cutting machine market. Additionally, the adoption of eco-friendly cutting practices across various industries in Europe, including packaging, textiles, electronics, construction, and automotive, is poised to contribute to the increased sales of webbing cutting machines.

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Market Competition

Key manufacturers in the global webbing cutting machines market include

Lohia Group,
DEMA Sewing Solutions,
Seattle Fabrics Inc.,
John Howard Company,
PIX Transmissions Ltd.,
Kingsing Auto Co. Ltd.,
Honggang Cutting Machine Co. Ltd.,
Hightex Special Sewing Machine Inc.,
Brother Industries Ltd., among others.

Leading players are advancing their manufacturing technologies to gain a competitive edge in the market, as well as to reduce material wastage and human interference.

Factors Restraining the Growth of Webbing Cutting Machine Market

High Initial Investment: The upfront cost of purchasing and installing webbing cutting machines can be substantial. Small and medium-sized enterprises (SMEs) might find this initial investment prohibitive, impacting market penetration in this segment.
Maintenance and Operating Costs: Webbing cutting machines require regular maintenance and operational expenses. High maintenance costs and energy consumption can be a barrier for some businesses, particularly those with limited budgets.
Technological Challenges: Rapid technological advancements in cutting machines can pose challenges for manufacturers and users in terms of keeping up with the latest innovations, potentially leading to delayed adoption.
Specific Industry Requirements: Webbing cutting machines are designed for various industries, and customizing them to meet specific industry needs can be complex and costly.
Competitive Market: The market for webbing cutting machines is competitive, with many manufacturers vying for market share. This competition can make it challenging for companies to maintain profit margins.
Economic Fluctuations: Economic downturns can lead to reduced investments in capital equipment like webbing cutting machines, affecting market growth.
Regulatory Compliance: Adhering to industry standards and regulations can be a barrier, especially for small manufacturers or those in regions with complex compliance requirements.

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Industry Trends-

The Webbing Cutting Machine Market is witnessing several trends that are shaping the industry’s future. Some of the notable trends include:

Increasing demand for customized cutting solutions- With the increasing demand for personalized products, manufacturers are adopting advanced cutting solutions to offer customized products to their customers. Webbing cutting machines with advanced software and tools enable precise and complex cutting of materials, thus catering to the growing demand for customized products.
Integration of robotics and automation- The integration of robotics and automation in manufacturing processes has revolutionized the Webbing Cutting Machine Market. Advanced webbing cutting machines with robotic arms and sensors can perform multiple cutting operations simultaneously, reducing labor costs and increasing production efficiency.
Growing popularity of eco-friendly materials- The use of eco-friendly materials in various industries such as packaging and textiles is gaining popularity. Webbing cutting machines that can efficiently cut eco-friendly materials such as jute, hemp, and cotton are in high demand, thus presenting significant opportunities for the market players.

Key Segments Profiled in the Webbing Cutting Machines Market

Driven Type:

Electrical
Mechanical

Automation:

Automatic Webbing Cutting Machines
Sem-Automatic Webbing Cutting Machines

Webbing Width:

Below 20 mm
20 – 120 mm
120 – 240 mm
Above 240 mm

End-Use Industry:

Apparel & Textiles
Machinery & Hardware
Food & Beverages
Electrical & Electronics
Pharmaceuticals
Logistics & Transportation

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Brachytherapy Market expansion is spearheaded by Applicators and after loaders, aiming for an 8.3% CAGR by 2032

The Brachytherapy Market refers to the market for a medical technique called brachytherapy, which is a form of radiation therapy used in the treatment of cancer. Brachytherapy involves the placement of radioactive sources directly into or near the tumor, delivering a high dose of radiation to the cancer cells while minimizing radiation exposure to surrounding healthy tissues.

The brachytherapy market has been witnessing significant growth in recent years due to several factors, including advancements in technology, increasing prevalence of cancer, and the growing preference for minimally invasive treatments. Brachytherapy offers several advantages over traditional external beam radiation therapy, such as higher radiation doses to the tumor, shorter treatment duration, and reduced side effects.

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According to Future Market Insights’ recently published Brachytherapy Market Analysis Report, the market would generate US$ 892.9 Million in global sales in 2021. From 2022 to 2032, the market is expected to expand at a CAGR of 8.3% and reach a value of US$ 2.1 billion. The highest income is anticipated to come from applicators and after loaders, with a CAGR of over 8.6% anticipated between 2022 and 2032.

Key components of the brachytherapy market include brachytherapy devices, software, and services. Brachytherapy devices consist of implants or applicators that are used to deliver the radiation sources to the tumor site. These devices can be categorized into two types: permanent brachytherapy implants and temporary brachytherapy implants. Permanent implants, such as radioactive seeds, are left in the patient’s body permanently, while temporary implants are removed after a specific period of treatment.

The Key Takeaways From The Brachytherapy Market Are As Follows:

Growing incidence of cancer: The increasing prevalence of cancer, including prostate, breast, lung, and cervical cancer, is driving the demand for brachytherapy. Brachytherapy is an effective treatment option for localized tumors and offers precise radiation delivery, making it a preferred choice for cancer treatment.
Technological advancements: The Brachytherapy market has witnessed significant advancements in technology, such as image-guided brachytherapy and remote afterloading systems. These advancements have improved treatment accuracy, reduced side effects, and increased patient comfort, leading to a wider adoption of brachytherapy.
Rising preference for minimally invasive procedures: Brachytherapy is a minimally invasive procedure that involves placing radiation sources directly into or near the tumor, minimizing damage to surrounding healthy tissues. The preference for minimally invasive treatments has fueled the demand for brachytherapy as an alternative to traditional surgery or external beam radiation therapy.
Increasing geriatric population: The aging population is more susceptible to cancer, leading to a higher demand for cancer treatments like brachytherapy. The rise in the geriatric population worldwide is expected to drive the growth of the Brachytherapy market in the coming years.
Favorable reimbursement policies: Governments and healthcare insurance providers in many countries have implemented favorable reimbursement policies for brachytherapy procedures. This has made brachytherapy more accessible and affordable for patients, contributing to market growth.
Ongoing research and development: Continuous research and development activities are being conducted to enhance brachytherapy techniques, optimize treatment outcomes, and explore new applications. These efforts are likely to result in further advancements in the field and expand the potential market opportunities for brachytherapy.

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Competitive Analysis:

By Prominent Market Players:

Eckert and Ziegler Group
Isoray Inc.
Elekta AB
Theragenics Corp.
Becton, Dickinson, and Co.
Varian Medical Systems Inc.
iCAD Inc.
CIVCO Medical Solutions
Sun Nuclear Corp.
Huiheng Medical Inc.
AngioDynamics Inc.
Hologic, Inc.

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 Brachytherapy Market.

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By Segment:

By Product Type:

Seeds
Applicators and Afterloaders
Electronic Brachytherapy

By Dosage Type:

HDR Brachytherapy
LDR Brachytherapy

By Application:

Prostate Cancer
Gynaecological Cancer
Breast Cancer
Other Applications

By Region

North America
Latin America
Europe
APAC
MEA

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Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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

Calcium Bromide Industry Poised for Steady Growth, Projected to Reach US$ 8.8 Billion by 2032 with a CAGR of 5.2%

The global calcium bromide industry is expected to reach a market value of US$ 5.3 billion in 2022, with a projected compound annual growth rate (CAGR) of 5.2% over the next decade, reaching an estimated US$ 8.8 billion by 2032. This anticipated growth reflects the increasing demand for calcium bromide in various industrial applications, driven by factors such as expanding sectors like oil and gas, chemicals, and pharmaceuticals.

In the power sector, calcium bromide is also used as an oxidant to reduce mercury emissions. Additionally, calcium bromide is used in the treatment of neuroses, hydraulic fluids for automotive suspension, brominated flame retardants, dry plates and light-sensitive sheets for photography, as well as mercury emission controls.

Calcium bromide (molecular formula: CaBr2), having a density of 14.2 lbs/gal, is regarded as clear brine fluid. Calcium Bromide is utilized with calcium chloride in oil & gas completion & drilling operations to make the drill cuttings brine free. Calcium bromide is a white powder, odourless in nature, and is formed from calcium salt of hydrobromic acid, which a volatile acid used to formulate other industrial compounds.

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Calcium Bromide Industry Dynamics

Calcium bromide industry demand is heavily influenced by its application in the oil & gas industry. Stabilizing crude oil prices have resulted in an influx of investments in the oil & gas industry, driving drilling and production activities along with work-over operations. Clear brine fluids such as calcium bromide are used to minimize the damage to oil & gas reservoirs and to control formation pressure.

This has been creating a noteworthy demand for calcium bromide. Moreover, calcium bromide also find usage for restraining mercury emission at coal fired power plants. Elemental mercury which is released when the coal is burnt is difficult to capture at combustion temperatures. Hence, bromine based compounds such as calcium bromide are used to oxidize the elemental mercury into flue gas, which can be captured by current abetment equipment.

Formulation of strict government regulations encouraging the usage of halogenated flame retardants in EU countries, the U.S. and Canada, is expected to decrease the consumption of calcium bromide in flame retardants in these regions. However, Asian markets such as India and China, still witness high usage of brominated flame retardants owing to lenient regulations, which is anticipated to drive the demand of calcium bromide in these countries.

Calcium Bromide Industry Key Players

Some of the major participants operating in the global calcium bromide industry include the following players:

Tetra Technologies Inc
Albemarle Corporation
Lanxess AG
ICL- Industrial
Jordan Bromine Company
IRO GROUP INC.
Weifang Taihexing Chemical Industry
Neogen Chemicals Limited
Shouguang HongHai Chemical Co. Ltd.
Weifang Rixing Chemical Co., Ltd.
Shandong Dongxin New Materials Technology Co., Ltd.

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Calcium Bromide Industry Segmentation

Type:

7774-34-7 hexahydrate
7789-41-5 anhydrous
22208-73-7 dihydrate

Products:

Technically specified rubber (TSR)
Ribbed smoked sheet (RSS)
Latex
Others

End Use:

Oil & Gas
Automotive
Power Generation
Others

Application:

Clear brine fluid
Oxidizer

Region:

North America
Latin America
Western Europe
Eastern Europe
Middle East & Africa
APEJ
Japan

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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Asia Pacific Emerges as Dominant Hub for Bio-Plasticizers Industry, Fueled by Thriving Sectors in the Region

The bio-plasticizers industry is currently experiencing significant growth, with ongoing research in the field of bio-based plasticizers opening up promising opportunities in the years to come. One of the key regions driving this growth is Asia Pacific, which stands as a dominant force in the bio-plasticizers industry. This dominance is largely attributed to the thriving sectors within the region, including medical devices, chemicals, and consumer goods. Notably, the growth of the bio-plasticizers industry in the foreseeable future is anticipated to be strongly influenced by the expansion of end-user industries in developing nations such as India, China, and Brazil, among others.

In this evolving landscape, the bio-plasticizers industry is set to play a pivotal role, driven by the shift towards eco-friendly and sustainable solutions. As the market continues to innovate and expand, it is poised to meet the increasing demand for environmentally responsible plasticizers while also supporting the growth of industries in emerging economies.

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Market Growth and Key Drivers

The bio-plasticizers industry has experienced significant growth in recent years, driven by several key factors:

Environmental Concerns: Growing awareness of environmental issues, including plastic pollution and climate change, has boosted the demand for eco-friendly alternatives like bio-plastics.
Regulatory Initiatives: Governments and international organizations have implemented regulations and incentives to promote the use of bio-plastics, accelerating the adoption of bio-plasticizers.
Consumer Preferences: Increasing consumer awareness and demand for sustainable products have pushed manufacturers to incorporate bio-plasticizers into their offerings.
Innovative Research: Ongoing research and development efforts have led to the discovery of new bio-plasticizer formulations, improving performance and cost-effectiveness.

Top Key Players in the Bio-Plasticizers Industry

Avient Corporation
Dow
DIC CORPORATION
Emery Oleochemicals
Evonik Industries AG
Hebei Jingu Plasticizer Co. Ltd
Jiangxi East Huge Dragon Chemical Co. Ltd
Jungbunzlauer Suisse AG
LANXESS
Matrica SpA
OXEA GmbH
PolyOne Corporation
Roquette Freres
Solvay

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Key Segments Profiled in the Bio-Plasticizers Industry Survey

Type:

Epoxidized Soybean Oil Bio-Plasticizers
Castor Oil Bio-Plasticizers
Citrates Bio-Plasticizers
Succinic Acid Bio-Plasticizers
Others

Application:

Bio-Plasticizers for Wire and Cables
Bio-Plasticizers for Film and Sheet
Bio-Plasticizers for Flooring and Wall Covering
Bio-Plasticizers for Medical Devices
Bio-Plasticizers for Package Materials
Others

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

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Revealing the Path Forward for Pain Management: The US$ 63.8 Billion Postoperative Pain Market by 2033 | FMI

The Postoperative Pain Market refers to the pharmaceutical and medical devices market focused on providing treatments and management solutions for pain experienced by patients after undergoing surgery. Postoperative pain is a common concern for patients, and effective management is crucial for their comfort and recovery.

The market for postoperative pain management encompasses various products and approaches, including analgesic medications, non-pharmacological interventions, and innovative technologies. Some of the key players in this market include pharmaceutical companies, medical device manufacturers, and pain management clinics.

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The global Postoperative Pain Market is expected to be valued at US$ 38.43 Billion in 2023, surpassing US$ 63.8 Billion by 2033. The market is likely projected to rise at a CAGR of 5.2% during the forecast period.

Analgesic Medications Pain medications are widely used to manage postoperative pain. They can be administered through different routes such as oral, intravenous, or transdermal. Commonly used analgesics include opioids, nonsteroidal anti-inflammatory drugs (NSAIDs), acetaminophen, and local anesthetics. Opioids are frequently prescribed for severe pain, but due to their potential for addiction and side effects, there is a growing interest in developing alternative medications with improved safety profiles.

Non-Pharmacological Interventions Various non-pharmacological techniques and interventions are employed alongside medications to help manage postoperative pain. These may include physical therapy, acupuncture, massage therapy, transcutaneous electrical nerve stimulation (TENS), relaxation techniques, and cognitive-behavioral therapy. These approaches aim to reduce pain and improve the overall well-being of patients.

Key Takeaways from the Postoperative Pain Market:

By 2022, the United States is predicted to hold 87.9% of the market for postoperative pain in North America. It is anticipated that the adoption of opioid treatment will slow the opioid epidemic’s spread across North America, especially in the United States.
Germany is projected to account for 26.9% of the postoperative pain market in Europe in 2022.
The postoperative pain market in South Korea is projected to expand at a 6.3% CAGR during the forecast period due to the nation’s rising surgical rate.
Opioids are typically provided for postoperative pain in Japan, however, due to an increase in opioid use for non-medical purposes, regulating authorities are encouraging doctors to prescribe non-opioid drugs, which presents a chance for firms to introduce unique non-opioid drugs.
The opioid drug class is expected to increase at a 4% CAGR throughout the projection period, accounting for a sizeable share of 61.3% in 2022.
In terms of route of administration, oral postoperative pain is predicted to hold 37.8% of the market in 2022.

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What is the Competition Scenario of the Postoperative Pain Market?

The main strategy used by major suppliers of postoperative pain medications for the development of new product lines of pain medications is the collaboration and acquisition of other pharmaceutical companies. As important stakeholders place more attention on the development of abuse-deterrent opioid medications and the introduction of extended-release non-opioid therapies for post-surgery pain, the demand for painkiller pharmaceuticals is rising. Similar to this, increased efforts to identify and commercialize non-narcotic drugs as well as raising public awareness of postoperative pain management are promoting market expansion.

Latest Developments in the Postoperative Pain Market:

Assertio Therapeutics, Inc. was acquired by Zyla Life Sciences in May 2020. As a result, a growing commercial pharmaceutical company was able to increase the number of drugs it offered for treating pain, inflammation, and neurology.
According to Heron Therapeutics, Inc., Health Canada announced in March 2022 the commercialization of ZYNRELEF (bupivacaine and meloxicam extended-release solution) for instillation into the surgical wound for postoperative analgesia following bunionectomy, open inguinal herniorrhaphy and total knee arthroplasty surgical procedures.
In March 2022, a Phase IIb trial on the perioperative long-acting analgesic drug CPL-01 was completed, and Cali Biosciences Co., Ltd., a biopharmaceutical company specializing in the discovery and development of innovative pharmaceuticals, reported favorable findings.

Key Players in the Postoperative Pain Industry:

Novartis AG
Allergan plc
Teva Pharmaceutical Industries Ltd.
Mylan N.V
Pfizer Inc.
Purdue Pharma L.P
Janssen Pharmaceuticals, Inc.
Endo International plc
Pacira Pharmaceuticals Inc.
Egalet Corporation
GlaxoSmithKline Plc.

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Postoperative Pain Industry Survey by Category:

By Drug Class:

Opioids
NSAIDs
Local Anesthetic
Acetaminophen

By Route of Administration:

Injectable
Oral
Topical
Transdermal
Others

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Drug Stores
Clinics
Others

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Author By:

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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

Global Dry Ice Industry Set to Reach US$ 300 Million by 2032 with an 8% CAGR Growth

The global dry ice industry is poised for significant growth, with a projected value of US$ 300 million by 2032 and a strong compound annual growth rate (CAGR) of 8% from 2022 to 2032. Having been valued at US$ 137 million in 2021 and expected to reach approximately US$ 138.95 million in 2022, this growth is driven by the increasing demand for dry ice in the restoration and renovation of both industrial and residential structures damaged by fire, making it a key driver for the dry ice market’s expansion in the forecast period.

The swiftly rising demand for frozen foods due to a fast-paced lifestyle along with the surging usage of dry ice as a refrigerant in the food and shipping sectors are predicted to significantly boost the growth of the dry ice market. Considerable growth and development in the transportation sector will likely support product shipping which will, in turn, open up various revenue growth opportunities for the global dry ice market. Owing to a surge in long transportation trips, grocery stores, and the healthcare industry will also contribute towards the creation of profitable opportunities for the dry ice market in the upcoming years.

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Additionally, the dry ice market will grow steadily over the next few years due to the increasing demand for dry ice as a refrigerant in the food, transportation, pharmaceutical, and healthcare industries. Furthermore, the use of dry ice for industrial cleaning through dry ice blast cleaning will also contribute to the overall market growth. Dry ice is a safer substitute for cleaning purposes than the use of solvents and other chemicals.

“Owing to its non-inflammable and non-toxic properties, dry ice is expected to find application in a variety of industries which, in turn, will foster the global growth of the dry ice over market the forecast period,” says an FMI analyst.

Key Takeaways:

The short lifespan of dry ice may hinder its overall market growth.
The development of the dry ice machine industry across the globe will strengthen market prospects.
The advancing entertainment industry will push the dry ice industry towards growth in North America.
The dry ice industry in the Asia Pacific region is expected to undergo the highest growth.

Competitive Landscape

Central McGowan, VICTEX, ASCO CARBON DIOXIDE LTD, The Iceman., Linde, Merck KGaA, Polar Ice Ltd, Chillistick Ltd., Thomas Scientific, Pacific/Reliant Dry Ice, Praxair Technology, Inc., and nexAir LLC among others are some of the major players in the dry ice market profiled in the full version of the report.

Many manufacturers- large multinational corporations and private firms- substantially contribute to the oval revenue growth of the market. These leading market players are employing various organic and inorganic strategies to gain a competitive advantage.

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More Insights into Dry Ice Industry Report

In its latest report, FMI offers an unbiased analysis of the global dry ice industry, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (dry ice pellets, sry ice blocks, other dry ice types), application (dry ice for food and beverages, dry ice for storage and transportation, dry ice for healthcare, dry ice for industrial cleaning, dry ice for other applications), and region.

According to the latest FMI reports, based on region, the dry ice industry in the Asia Pacific region is expected to demonstrate the highest growth during 2022-2032. Heightened demand in the food preservation industry will likely generate growth opportunities for the target market in this region. Swelling demand for dry ice from industrial, transportation, medical, and entertainment industries, particularly those in China, Japan, and India will fuel the growth of the dry ice market in Asia Pacific. Europe is expected to follow closely after Asia Pacific in terms of dry ice market growth during the projected period.

The dry ice market in North America will also present notable growth during 2022-2032. The target market in this region will be primarily driven by the demand from the growing entertainment industry in Canada and the U.S. The increasing demand from the transportation and pharmaceutical sector also contributes to the overall dry ice market growth in this region during the forecast period.

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

Chronic Pain market is about to be redefined as medical technology advances, with FMI projecting a US$ 142.53 billion transformation by 2033

The Chronic Pain Market refers to the pharmaceutical and medical devices industry involved in the development, production, and distribution of products used for the management and treatment of chronic pain conditions. Chronic pain is defined as persistent pain that lasts for several months or longer and often does not respond well to conventional pain management approaches.

The chronic pain market has been growing significantly over the years due to various factors, including an aging population, increased prevalence of chronic pain conditions, and advancements in medical technology. The market encompasses a wide range of therapeutic options, including medications, medical devices, and alternative therapies.

Medications used for chronic pain management include nonsteroidal anti-inflammatory drugs (NSAIDs), opioids, anticonvulsants, antidepressants, and topical analgesics. These medications are prescribed to alleviate pain, reduce inflammation, and manage related symptoms.

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The Chronic Pain Market is anticipated to grow from US$ 73.14 billion in 2023 to US$ 142.53 billion by 2033, rising at a CAGR of 6.9% during the forecast period. Globally, there were more than 187 million cases of chronic pain in 2020, and from 2023 to 2033, it is predicted that this number will rise quickly.

Medical devices used in the chronic pain market include spinal cord stimulators, implantable drug delivery systems, and nerve stimulation devices. These devices aim to provide targeted pain relief by modulating the nervous system or delivering medications directly to the affected area.

Key Takeaways from the Chronic Pain Market Study:

The chronic pain market is expected to grow at a significant CAGR over the next decade, driven by the aging population, the rising prevalence of chronic diseases, and the increasing awareness of chronic pain management options.
North America is the largest market for chronic pain, followed by Europe and Asia Pacific.
The key players in the chronic pain market are developing new and innovative chronic pain treatments, such as non-opioid analgesics and targeted drug delivery systems.

The chronic pain market is a large and growing market, with a number of opportunities for growth for pharmaceutical companies and other stakeholders. The key to success in this market will be to develop new and innovative chronic pain treatments that are effective and safe.

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Competitive Analysis:

By Prominent Market Players:

Eli Lilly and Company
Dickinson and Company
Medtronic plc
Johnson & Johnson
Novartis AG
AstraZeneca PLC
Becton
Bristol-Myers Squibb Company
Sanofi

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 Chronic Pain Market

Chronic Pain Market: Segmentation:

By Product:

Drugs
Devices

By Indication:

Neuropathic Pain
Arthritis Pain
Chronic Back Pain
Cancer Pain
Migraine
Fibromyalgia
Others

By Application:

Musculoskeletal
Neuropathy
Oncology
Others

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

By Region

North America
Latin America
Europe
East Asia
South 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