Demand for Petroleum Jelly Market: An Overview of Key Players and Trends

The global petroleum jelly market is expected to reach a market value of US$ 525.1 million in 2023. This may push the market size to US$ 770.3 million in 2033. The overall market is expected to thrive at 4.2% CAGR.

Growing demand for petroleum jelly as UPS and technical in multiple end-use industries such as pharmaceuticals, cosmetics & personal care, food, and others is expected to boost consumption in the coming years.

A cable-filling compound such as petroleum jelly has been used in the telecommunication industry for years to prevent moisture from entering cables. As a result, the availability of broadband connections at home might increase the demand for optical fiber cables.

The dielectric properties of petroleum jelly are beneficial to optical fiber cables and copper telephone cables. Additionally, petroleum jelly’s physical and chemical properties are driving the petroleum jelly market growth.

Petroleum jelly’s market growth is mainly fueled by pharmaceutical and cosmetic products. Leather, telecommunications, manufacturing, marine, and other sectors also use it. The material is also resistant to rust and insoluble in water and many other chemicals, so it may be an ideal choice for equipment that requires rust resistance.

Growing investment in manufacturing industries and downstream product utilization is expected to fuel market demand in the coming years as a moisture reduction agent and grooming aid in a wide range of skin treatments, cosmetics, and hair products.

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Key Takeaways from Market Study

  • The petroleum jelly market is expected to hold a CAGR of 4.2% over the forecast period.
  • USP grade is anticipated to remain the prominent segment in the petroleum jelly market with a CAGR of 3.9%.
  • It is estimated that the petroleum jelly market in North America may remain strong during the forecast period.
  • The petroleum jelly market in the United States is estimated to be valued at US$ 103.5 million in 2023.
  • China is predicted to expand at a CAGR of 4.1% and is estimated to be valued at US$ 245.7 million in 2023.

Competitive Landscape:

A variety of expansion strategies have been adopted by some leading market players in order to deepen penetration across lucrative markets. Several small-scale companies are merging and acquiring big companies to reach a wide consumer base and incorporate innovative products into their product lines. In addition to launching products, partnering with key players, acquiring companies, and strengthening regional and global distribution networks, these strategies include collaborations with key players.

Several prominent companies dominate this market, including International Group, Inc., Calumet Specialty Products Partners, L.P, ExxonMobil, Sasol, Lukoil, Polwax SA, Nippon Seiro Co., Ltd., Repsol, H&R Group, and others.

Recent Developments:

  • In May 2021, Royal Dutch Shell sold its 50% stake in Deer Park Refining Limited Partnership, a joint venture between the company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). After regulatory approval, Royal Dutch Shell’s interest in the partnership and the refinery’s sole ownership is likely to be transferred to Pemex.
  • Calumet Specialty Products Partners announced in March 2020 that it has acquired Paralogics, a manufacturer of industrial and candle wax blends. Once integrated into Calumet’s existing wax business value chain, the new capabilities are going to add 20 million pounds of blending and formulating capacity annually.

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Petroleum Jelly Market Segmentation by Category

By Grade, the market of Petroleum Jelly is segmented as:

  • USP
  • Technical

By End Use, the Petroleum Jelly is segmented as:

  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Food
  • Other Industrial

By Region, the Petroleum Jelly is segmented as:

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

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Industrial Cleaners Market is Forecast to Reach a Valuation of US$ 32.45 Billion by the end of 2028

Between 2018 and 2028, the market for industrial cleaners is anticipated to expand at a CAGR of 5.2%, reaching a market value of US$32.45 billion. Over the course of the projected period, expansion in a number of manufacturing sectors is anticipated to fuel market growth for industrial cleaners.

The industrial cleaners market is highly fragmented owing to the presence of a large number of global and domestic players who are leveraging product differentiation to stay ahead in the game. Improved aesthetics and fragrance coupled with innovative production processes to increase product shelf life is pushing revenues in the market for industrial cleaners, as elucidated in a new research study by Future Market Insights (FMI).

The market is creating increasing growth opportunities for both existing players as well as new entrants. Industrial cleaners manufacturing is relatively cost effective, given the low production costs owing to low investment of capital and limited process training. A low entry barrier for new players is characteristic of the industrial cleaners market.

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FMI attributes growth in sales of industrial cleaners to rapidly increasing demand from end-use industries.

Adoption of industrial cleaners has increased significantly across industries such as food and beverages, manufacturing, oil and gas, petrochemicals, and other industries. Growing health and safety concerns especially in the manufacturing sector is pushing demand for industrial cleaners. Industrial cleaners clean and protect manufacturing equipment and make it safe, free from corrosion, and more efficient. Industrial cleaners also help reduce the harmful effects of chemicals used in manufacturing processes on human health as well as the environment. This is one of the significant factors boosting adoption of industrial cleaners across end-use industries.

Sustainable Industrial Cleaning Solutions Trending the Global Market

Global warming has led to a growing demand from industries for sustainable cleaning solutions that are environment friendly, efficient, and safe for human health. Manufacturers of industrial cleaners are launching sustainable products that are safe and effective in a bid to stay competitive.

Multipurpose Industrial Cleaners are a New Trend in the Global Market

Manufacturers in the industrial cleaners market are launching multipurpose cleaners capable of serving different purposes such as degreasing, acidic cleaning, and other cleaning functions. Launch of a single product with multipurpose functions is a key manufacturer strategy being witnessed in the industrial cleaners market.

Segmental Insights from FMI’s Report on the Industrial Cleaners Market

  • The degreasers product type segment is expected to hold high market share in the industrial cleaners market, as degreasers are the most common type of industrial cleaners used in manufacturing industries for cleaning equipment with moving parts, which tend to accumulate rust and grease.
  • The oil and gas and petrochemicals end-use industries are expected to register high demand for industrial cleaners. The use of multiple chemicals and equipment in these industries is expected to fuel adoption of industrial cleaners.

Industrial Cleaners Market: Regional Insights

Growth of the industrial cleaners market is expected to be driven mainly by the markets in China, South East Asia & Pacific, and India. North America and Europe are projected to hold high market shares in the global industrial cleaners market, and these regions are expected to create huge demand for industrial cleaners due to the growing number of manufacturing industries. The rapidly expanding population and increasing need for consumer goods in China and India has led to rapid development of the manufacturing sector, which in turn is expected to create huge demand for industrial cleaners.

Key Players in the Industrial Cleaners Market

Some of the leading players in the global industrial cleaners market include Kao Chemicals GmbH, Neos Company Limited, BASF SE, Croda International plc, Huntsman Corporation, 3M Company, Stepan Company, Quaker Chemical Corporation, WVT Industries, The Dow Chemical Company, Evonik Industries AG, Akzo Nobel N.V., Clariant, Ecolab, Solvay S.A., and Mitsubishi Chemical Holdings Corporation.

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Industrial Cleaners Market: Segmentation

Product Type

  • Acidic Cleaners
  • Optical Effect Products & Stabilizers
  • Surfactants
  • De-foaming Agents
  • Disinfectants
  • Degreasers
  • Deodorizers
  • Refinery Specific Cleaners

End Use Industry

  • Oil, Gas & Petrochemicals
  • Power Generation
  • Metallurgy
  • Chemicals
  • Food & Beverages
  • Paper & Print
  • Sugar
  • Textiles
  • Other Manufacturing

Region

  • North America
  • Latin America
  • Europe
  • South East Asia Pacific
  • Middle East & Africa
  • China
  • Japan
  • India

About Future Market Insights (FMI)

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

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Global Chemical Testing Services Market: Industry: Investment Opportunities and Market Growth Projections

The global chemical testing services market is predicted to showcase a steady CAGR of 5.4% during the forecast period from 2022 and 2032. The global market is anticipated to reach US$ 29,267.65 Mn in 2022 and is further projected to reach US$ 49,521.5 Mn by the end of 2032.

The global chemical testing services market registered a CAGR of 4.7% over the historic evaluation period from 2012 to 2021. The market is anticipated to witness healthy growth over the present projection period from 2022 and 2032 of around 5.4%. The growth is attributed to the rising government regulations for the manufacturing industry, specifically chemicals, paints & coatings, and food & beverages, and is projected to remain one of the key growth drivers for the global chemical testing services market in the assessment period.

The chemical testing services market has been subjected to a specific variety of macroeconomic and industrial factors, including chemical industry growth, development of the manufacturing industry, expansion of the mining sector surging advancements in the field of nanotechnology. These industrial factors are anticipated to significantly hike growth across the forecast period.

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Key Takeaways

  • Governments of several countries are making continuous efforts to not just enhance the export quality of chemical testing and certification of consumer products but also improve the quality with the help of several food safety standards. Latin America is known as the most prominent food exporter in the world.
  • Some of the most commonly exported food products to the U.S. from Latin America comprise fresh fruits, Aronia berries, salmon, and coffee among others. Therefore, in order to broaden its growth prospects, Latin America is concentrating on the implementation of new chemical testing regulations and inspection norms for food products to comply with international food standards.
  • To successfully cater to the high international demand, the domestic market was previously neglected, although due to rising globalization, domestic food products have also been reviewed through food safety programs, testing, as well as certification. These factors are projected to support growth in the global chemical testing services market, especially in the food industry.
  • Chemical testing certification in numerous industry verticals is strictly regulated by a massive number of leading chemical testing regulatory bodies, and these norms vary as per different regions. Some of the leading agencies such as REACH Regulation and RoHS Directive are known as well-established and trustworthy agencies which are majorly responsible for the testing and certification of a huge range of chemical products.
  • According to chemical testing regulatory bodies, manufacturers ought to use non-hazardous chemicals in their end-use products and goods and are only allowed to send them to their consumers. The food manufacturers who receive REACH and RoHS certifications are allowed to incorporate the logo in their packaging.
  • The surging participation of small and medium-sized enterprises in the global chemical testing services market is expected to show remarkable growth in the next decade owing to the ongoing innovations in services offered by several waste management companies in the market.

Competitive Landscape

The global chemical testing services market is witnessing merger and acquisition activities among various key players in order to enhance its customer base and surge its presence in untapped industries and regions. In addition to that, key market participants are focusing on launching new services and innovating their present testing procedures owing to the drastic technological shift in multiple industries and continuous development in these industries.

Key Companies Profiled

  • Intertek Group Plc
  • Bureau Veritas
  • SGS SA
  • TÜV NORD AG
  • UL LLC
  • SAI Global Limited
  • Aspirata Auditing Testing And Certification (Pty) Ltd
  • SCS Global Services
  • TÜV Rheinland Group
  • MISTRAS Group
  • AsureQuality Limited

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Chemical Testing Services Market Outlook by Category

By Testing Service:

  • Chemical Composition Analysis
  • Chemical Trace Analysis
  • Chemicals Regulatory Compliance Testing
  • Contamination Detection and Analysis
  • Material Testing and Analysis
  • Elemental Analysis Certification
  • Others

By Sample Type:

  • Agrochemicals & Pesticides
  • Basic & Industrial Chemicals
  • Dyes & Detergents
  • Lubricants & Greases
  • Nanomaterial
  • Petrochemicals
  • Polymers & Plastics
  • Specialty Chemicals

By End Use:

  • Consumers Goods
  • Packaging & Paper
  • Toys
  • Cosmetics
  • Detergents & Cleaning Products
  • Hygiene Products
  • Food Material
  • Electrical and Electronic Products
  • Automotive
  • Environmental
  • Manufacturing

By Region:

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

About Future Market Insights (FMI)

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

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Medical Device Packaging Market reaching a valuation of US$ 65.26 billion by 2033 with increase at a CAGR of 5.4%

Medical Device Packaging Market

 

The global medical device packaging market is expected to be worth US$ 12,409.8 million in 2023, rising to US$ 20,914 million by 2033. The adoption of medical device packaging is expected to surge at a stable CAGR of 6.1% over the forecast period.

The medical device packaging market is experiencing significant growth driven by several key factors. The increasing aging population and the associated rise in chronic diseases are driving the demand for medical devices such as pacemakers, stents, and artificial joints, leading to an increased need for proper packaging to ensure the safety and integrity of these devices. Advancements in medical technology have also led to the development of new medical devices, requiring manufacturers to invest in packaging solutions to protect them during transportation and storage.

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In addition, the growing demand for minimally invasive surgical procedures is driving the need for smaller medical devices and appropriate packaging solutions to ensure safe delivery to the surgical site. Stringent regulations for medical device packaging are also playing a key role in driving demand as governments around the world implement standards to protect the safety and integrity of the devices. Furthermore, rising awareness about the importance of proper packaging in extending the shelf life of medical devices is also driving demand.

While the adoption of medical device packaging is expected to experience significant growth, manufacturers are also facing several challenges. One of the prominent challenges is meeting stringent regulations and compliance requirements to ensure the safety and integrity of medical devices. Another challenge is ensuring the compatibility of packaging materials with medical devices to avoid any damage. Managing costs while maintaining high standards of quality is also a significant challenge for manufacturers as they strive to produce packaging solutions at a competitive price while meeting industry standards.

Key Takeaways from the Medical Device Packaging Market:

  • The paper and paperboard market is predicted to account for US$ 14,293.2 million by 2033 and to register a 5.5% CAGR throughout the projection period.
  • During the projection period, the plastic segment is expected to offer a growth potential of US$ 6,620.8 million. In 2022, the boxes sector accounted for about 30% of the market. This category is also predicted to rise at a healthy 5.5% CAGR throughout the projection period.
  • Folding cartons are expected to represent an incremental potential of US$ 1.9 billion over the projection period and to account for more than 21% of the market by 2033.
  • During the projection period, the medical device packaging sector in the United States is expected to exceed US$ 5,067.6 million.
  • German market is predicted to provide a startling additional opportunity of US$ 1,030.4 million, making it an appealing location for both investors and producers.
  • By 2033, China’s medical device packaging industry is expected to be worth US$ $1,270.1 million.

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Green Packaging Gaining Traction in Medical Device Packaging Market

Prominent medical device packaging manufacturers are recognising the necessity of sustainable and cost effective packaging solutions. Prominent manufacturers across the globe have already shifted their focus towards sustainable packaging, especially towards flexible packaging, to reduce the carbon footprints released by various medical device packaging solutions. Along with that, the rising trend of “green design packaging”, especially in the healthcare and pharmaceuticals industry, is ultimately contributing to the growth of the medical device packaging market. Moreover, these leading medical device packaging manufacturers are enhancing its manufacturing capabilities by expanding production units.

For Instance, April 2022, Amcor plc., launched AmLite, an ultra-recyclable and high-barrier flexible packaging solution for the pharmaceuticals and healthcare industry. The company reports that this newly developed packaging solution can reduce a pack’s carbon footprint by up to 64%.
For instance, In November 2022, Nelipak Corporation, another manufacturer of medical device packing has expanded its manufacturing operations in Humacao, Puerto Rico. This enabled the company to strength its manufacturing capabilities and effectively cater to the end user demand.

About The Medical Device Packaging Market Report
Future Market Insights, in its new offering, offers an unbiased analysis of the global medical device packaging market, analyzing historical demand from 2012-2021 and forecast statistics for 2023-2033. The study provides growth projections on the medical device packaging market on the basis of packaging type (bags & pouches, containers, trays, stick packs, clamshell blister packs, boxes and other (flow wraps etc.), raw material (PE (HDPE, LDPE & LLDPE), PET, PP, PS, PVC, aluminium, glass, paper laminates, fabric and others (PLA, PHA etc.), application (disposable consumables, monitoring & diagnostic equipment and therapeutic equipment), end user (medical manufacturing, contract packaging and others), across seven regions.

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Key Segments Covered in Medical Device Packaging Industry Research

Medical Device Packaging Market by Packaging Type:

  • Bags & Pouches
  • Containers
  • Trays
  • Stick Packs
  • Clamshell Blister Packs
  • Boxes
  • Others (Flow Wraps etc.)

Medical Device Packaging Market by Raw Material:

  • PE
    • HDPE
    • LDPE
    • LLDPE
  • PET
  • PP
  • PS
  • PVC
  • Aluminium
  • Glass
  • Paper Laminates
  • Fabric
  • Others (PLA, PHA etc.)

Medical Device Packaging Market by Application:

  • Disposable Consumables
  • Monitoring & Diagnostic Equipment
  • Therapeutic Equipment

Medical Device Packaging Market by End-user:

  • Medical Manufacturing
  • Contract Packaging
  • Others

Key Questions Answered in the Report:

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

(2) Who are the leading players functioning in the Global Medical Device Packaging marketplace?

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

(4) What is the competitive situation in the Global Medical Device Packaging market?

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

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

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

(8) Which region is lucrative for the manufacturers?

About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.

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Exploring the Global Carbonate Minerals Market: Opportunities, Challenges, and Trends

Widespread usage of paper in the fast moving consumer goods (FMCG) sector boosts the growth of the paper industry, which eventually leads to escalation of demand for carbonate minerals that are used in manufacturing paper.

Registering revenues of more than US$ 53 Bn in 2022, global carbonate minerals market is projected to exhibit a healthy CAGR during the forecast period of 2022 – 2029. Furthermore, carbonate minerals are used as both building materials and as an ingredient in cement. Flourishing construction industry is thus another major factor that creates positive prospects for the growth of carbonate minerals market.

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Key Takeaways – Carbonate Minerals Market Study

  • The paper industry, particularly for printing and writing paper, is found to be the largest user of carbonate minerals, which is either used as a filler or as a coating on paper.
  • The finishing characteristics of paper such as gloss, whiteness, and ink are determined by the combination of minerals used. The rise in usage of calcium carbonate in the manufacturing of paper for improving the finishing of paper is correspondingly enhancing the demand for carbonate minerals.
  • Carbonate minerals have extensive applications in the construction industry. These minerals are present in the form of components of the binding agent in aggregates, mudstones, sandstone, and coal.
  • Carbonate minerals are widely used in paints & coatings as they improve brightness and helps to improve reliability and consistency of the coating, resulting in increased demand over the forecast period.
  • Asia Pacific excluding Japan (APEJ) region is leading the carbonate minerals market by virtue of continuous growth in the building and construction industry in developing countries from this region like China and India.

While carbonate minerals market is primarily driven by demand from construction and paper & pulp industries, the preference towards using carbonate minerals in the paints & coatings is expected to increase the demand for carbonate minerals in the foreseeable future.

Carbonate Minerals Market Participant Insights

The market for carbonate minerals has remained competitive with the presence of giant players with expertise in advanced manufacturing. With the aim of sustaining their positions in the market in the long run, solidification of the supply chain in regions such as the Middle East & Africa, APEJ, and Japan will be the key strategy adopted by market participants. Furthermore, players give importance to compliance with quality standards for production, while catering to the specific demands from the end users.

Why Demand for Carbonate Minerals is Rising in the U.S.?

The U.S. is projected to account for approximately 67.5% of the North America carbonate minerals market in 2029. In 2022, the market is expected to grow by 6.5% year-on-year, reaching a valuation of US$ 7,260.7 Mn by the end of 2022.

High investments in advanced mining technologies is augmenting the sales of carbonate minerals in the country. Private construction sector is growing with significant growth rate and contributes to more than 70% share in the construction industry. Moreover, the presence of leading companies like Minerals Technologies, Inc., IMERYS Carbonates LLC, and Huber Engineered Materials is expected to bolster the growth of these minerals in the country.

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What Lies in Future?

The construction industry has witnessed considerable growth across the globe and this growth is expected to persist over the forecast period correspondingly supporting the growth in demand for carbonate minerals. Moreover, innovations and advancements in mining technology, especially in countries from the Middle East & Africa region, are creating new growth avenues for players in the global carbonate minerals market.

Carbonate Minerals Markey by Category

By Mineral Type:

  • Calcite
  • Magnesite
  • Aragonite
  • Smithsonite
  • Dolomite

By Source Type:

  • Natural
  • Synthetic

By End Use:

  • Food and Beverage
  • Paints and Coatings
  • Plastic and Rubber
  • Paper and Pulp

About Future Market Insights (FMI)

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

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Cognitive Computing Market to be US$ 3.2 Trillion by 2032 | Future Market Insights,Incs

The market for cognitive computing will grow at an astonishing 28.7% CAGR between 2022 and 2032. By 2032, the market is expected to have grown from $257.1 billion in 2022 to $3.2 trillion.

According to this analysis, important breakthroughs in machine-to-machine technologies, a rise in demand for better customer experiences, and the use of big data analytics are projected to drive market expansion throughout the forecast period.

The use of cognitive computing is being driven by growing worries across all the main corporate organizations about analyzing huge amounts of data to calculate the risk involved with any strategic endeavor.

As a result of cloud-based services, there is also a growth in the demand for cognitive systems in large organizations, and this demand is anticipated to grow in SMBs. The total demand for cloud-based services increases as cloud-based deployment lowers the cost of implementing cognitive computing within the organization.

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In addition, machine-to-machine technology advancements, a growth in demand for a better customer experience, and an increase in the adoption of big data analytics. Additionally, sectors including BFSI, social media, healthcare, and e-commerce have seen a sharp rise in transaction data and customer information. In the upcoming years, it is anticipated that the aforementioned reasons will propel market expansion.

 A list of Key Players Covered in the Cognitive Computing Market are:

  • 3M
  • Google LLC
  • Hewlett Packard Enterprise Development LP
  • International Business Machines Corporation
  • Microsoft Corporation
  • Nuance Communications, Inc.
  • Oracle Corporation
  • SAP SE
  • SAS Institute Inc.
  • Tibco Software Inc.

Key Takeaways from the Market Study

  • The global cognitive computing market was valued at US$ 257.1 Billion by 2022-end
  • The U.S to account for the highest value share of US$ 27.4 Billion of global market demand for cognitive computing market in 2032
  • From 2015 to 2021, cognitive computing demand expanded at a CAGR of 39.3%
  • By Deployment, the cloud category constitutes the bulk of the cognitive computing market with a CAGR of 30.1%

Competitive Landscape
Players in the global Cognitive Computing Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships.

The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In May 2020, Udacity, a virtual learning tutoring service, announced the launch of a new AI healthcare plan. According to the digital educator, the new AI course teaches students about the use of AI in electronic health records, medical image processing, and other regions.
  • In December 2019, Accenture Inc., based in Ireland, acquired Clarity Insights, deep data analytics, and machine learning firm based in the United States, to enhance AI.
  • In September 2019, Schlumberger, Chevron, and Microsoft announced a partnership to accelerate new technologies. This collaboration was carried out in three stages, initiating with the adoption of the Petro technical Suite in the DELFI environment, achieved through the development of cloud-native applications on Azure, and subsequently with the co-innovation of a suite for cognitive computer processing native abilities.

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Key Segments Covered In The Cognitive Computing Market Report

Cognitive Computing by Deployment:

  • On-Premise Cognitive Computing
  • Cloud Cognitive Computing

Cognitive Computing by Application:

  • Cognitive Computing in Diagnostic APIs
  • Cognitive Computing in Robots
  • Cognitive Computing in Cyber Security
  • Cognitive Computing in Farm Mechanization
  • Cognitive Computing in Social Media Monitoring
  • Cognitive Computing in Self-Driving Cars
  • Cognitive Computing in Gaming
  • Cognitive Computing in Video Surveillance
  • Cognitive Computing in e-Learning
  • Cognitive Computing in IT Infrastructure Management
  • Cognitive Computing in Supply Chain Management
  • Cognitive Computing in Other Application Areas

Cognitive Computing by Industry:

  • Cognitive Computing for Healthcare
  • Cognitive Computing for BFSI
  • Cognitive Computing for IT and Telecom
  • Cognitive Computing for Manufacturing
  • Cognitive Computing for Energy & Utility
  • Cognitive Computing for Retail
  • Cognitive Computing for Aerospace & Defense
  • Cognitive Computing for Government
  • Cognitive Computing for Transportation
  • Cognitive Computing for Agriculture
  • Cognitive Computing for Media & Entertainment
  • Cognitive Computing for Education
  • Cognitive Computing for Other Industries (HR, Marketing & PR, etc.)

Cognitive Computing by End User:

  • Cognitive Computing in Large Enterprises
  • Cognitive Computing in Small and Medium Enterprises (SMEs)
  • Cognitive Computing in Public Sector

Cognitive Computing by Region:

  • North America Cognitive Computing Market
  • South America Cognitive Computing Market
  • Europe Cognitive Computing Market
  • Asia Pacific Cognitive Computing Market
  • Middle East and Africa Cognitive Computing Market

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About Future Market Insights, Inc.

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Marking and Coding Equipment Market is projected to reach US$ 1.8 billion by 2027, at a CAGR of 5.6%

Marking and Coding Equipment Market

The global marking and coding equipment market is estimated to value US$ 1.3 billion in 2022 and is projected to reach US$ 1.8 billion by 2027, at a CAGR of 5.6%.

According to a Future Market Insights (FMI) analysis of the in-mold label market, global in-mold label consumption will rise 3.2% year over year (YoY) to reach US$ 1.1 Bn in 2021.

Through 2031, the need for in-mold labels will continue to grow, creating intense rivalry. The top 5 in-mold label suppliers, according to the survey, will control 15% of the global market in 2021. In 2020, the worldwide in-mold labels market accounted for 3% of the $ 42 billion global label market.

The report sheds light on all the industry verticals like competitive market scenarios, regional presence, and development opportunities. The next part covers the Marking and Coding Equipment Market competition landscape based on revenue and growth rate. Further, it explains market types, applications, and price analysis.

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The market is estimated to witness a 1.7x increase in revenue from 2017 to 2022. By 2017 end, the global marking and coding equipment market is expected to be valued at around US$ 1 Bn and is projected to reach a value of more than US$ 1.8 Bn by the end of 2027.

The global market is anticipated to reflect a CAGR of 5.6% throughout the period of forecast (2022-2027). The research report on the global marking and coding equipment market reveals the influence of various trends, challenges and drivers on the growth of the global market across key regions namely North America, Western Europe, Eastern Europe, Latin America, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA).

Global Marking and Coding Equipment Market: Competition Assessment

This fact based research study on the global marking and coding equipment market includes a detailed analysis of various companies participating in the global market such as Hitachi America, Ltd., Videojet Technologies, Inc., Markem-Imaje Corporation, Domino Printing Sciences plc., Interactive Coding Equipment (ICE), TYKMA Electrox, Inc., Squid Ink Manufacturing Inc., ATD Ltd., Open Date Systems, Inc., MACSA ID S.A, RN Mark Inc., Diagraph Corporation, Linx Printing Technologies, Numeric Marking Systems, Control Print Ltd., Durable Technologies, REA Elektronik GmbH, Matthews International Corporation, INKJET, Inc., and KGK Marking Technologies Group.

An in-depth market segmentation has been carried out to cover every angle of the market in order to portray a realistic market scenario. The report reflects historical data, current market scenario as well as future market estimates for a period of 10 years from 2022 till 2027.

Global Marking and Coding Equipment Market: Analysis of Various Segments

The global marking and coding equipment market has been segmented by technology type, by application type, by end use and by region.

  • By technology type, the continuous inkjet printer segment is the largest with respect to market value and dominates the global market. On the other hand, laser coding systems have gained high traction and this is the second largest segment, projected to grow at the highest rate to register a CAGR of 6.5% during the forecast period.
  • By region, Asia Pacific excluding Japan (APEJ) is the most attractive and the marking and coding equipment market in this region is estimated to reach a high value of around US$ 710 Mn by 2027 end.
  • By application, the rigid packaging segment is likely to dominate the global market with a higher market share in terms of both value and volume in the years to follow. The flexible packaging application segment is projected to grow at 5.8% CAGR during the 2022 – 2027 timeline
  • By end use, the food segment is expected to exhibit high potential for growth in the global marking and coding equipment market. This segment is anticipated to lead the global market in terms of value and is estimated to reach a high valuation of about US$ 784 Mn by the end of the forecast period.

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Global Marking and Coding Equipment Market: Factors Influencing Growth

Factors such as a positive retail sector outlook, seamless integration with active packaging solutions, rising demand from the chemical packaging industry, new product launches, advancements in laser marking technology, high growth in the food industry and increasing use of marking and coding equipment in the building and construction material industry across the globe are expected to fuel revenue growth of the global marking and coding equipment market.

Few aspects such as the political crisis, intense competition, high cost of consumables and uneven size package coding leading to increased cost are anticipated to pose hindrances to the growth of the global marking and coding equipment market.

Global Marking and Coding Equipment Market: Vital Forecast Highlights

The global marking and coding equipment market is expected to grow at a CAGR of 5.5% throughout the period of forecast and is estimated to reach a value of US$ 1770 Mn by the end of the assessment year.

Marking and Coding Equipment Market by CategoryBy Technology :

  • Continuous  Inkjet (CIJ)
  • Thermal Inkjet (TIJ)
  • Thermal Transfer Overprint (TTO)
  • Laser Coding System
  • Large Character Marking (LCP)
  • Label Print Applicator (LPA)
  • Other Printers

By Application :

  • Flexible Packaging
    • Bags
    • Pouches & Sachets
    • Vacuum / Shrink films
    • Others
  • Rigid Packaging
    • Pipes & Tubes
    • Boxes
    • Bottles & Jars
    • Cans
    • Metal Parts
    • Trays & Clamshells
    • Crates
    • Others

By End-use Industry :

  • Food
  • Beverages
  • Pharmaceuticals
  • Personal & Homecare
  • Electricals & Electronics
  • Automotive
  • Chemical & Fertilizers
  • Building Materials
  • Other Industries

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Barrier Shrink Bags Market are anticipated to register a CAGR of 5.9% from 2023 to 2033

Barrier Shrink Bags Market

In the current year 2023, the barrier shrink bag market is anticipated to reach approximately US$ 2,112.3 million. According to market analytical data, global market sales are expected to grow at a CAGR of 5.9% between 2023 and 2033. By 2033, the market is projected to continue to grow and reach a value of US$ 3,968.3 million.

The barrier shrink bags’ outstanding sealing abilities, resistance to punctures, transparency, and other features make them popular with end customers. The market for barrier shrink bags is thought to be being driven by the growing preference for convenient and flexible packaging solutions.

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These types of bags are highly popular in the meat, poultry, cheese, seafood etc., section of the food industry as the barrier shrink bags are capable of impacting the shelf life of these products.  Thus, the target market finds plenty of lucrative opportunities in these industries during the projected period. The barrier shrink bags ensure safety, hygiene, and provide a certain convenience that adds on to their popularity in the global market.

“Heightened demand for shelf-life extension will facilitate the global growth of the barrier shrink bags market over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • The high barrier shrink bags segment will expand at a CAGR of 6.1%, reaching US$ 1.6 Bn by the end of 2027.
  • By application, the meat segment will generate US$ 381 Mn opportunity.
  • On the basis of type, side sealed product type will grow at 6.0% CAGR, arriving at a value of US$ 1.4 Bn in 2027.
  • North America will account for 26% of the global market share.
  • The United States will hold 92% of the target market share in North America through 2027.
  • The barrier shrink bags market in Italy will expand by 1.7x, creating a revenue opportunity of US$ 24 Mn during 2022-2027.

Competitive Landscape 

Amcor plc., Sealed Air Corporation, Winpak Ltd., Kureha Corporation, Schur Flexibles Group, Flavorseal Llc., BUERGOFOL GmbH, Flexopack S.A., Globus Group, Allfo Vakuumverpackungen Hans Bresele Kg, PREMIUMPACK GmbH, Kuplast, Vac Pac Inc., Vector Packaging Inc., Astar Packaging Pte Ltd., Millepack srl., and Spektar d.o.o, among others are some of the major players in the barrier shrink bags market profiled in the full version of the report.

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Leading market players are concentrating on product development and releasing new products to increase their product portfolios. These organizations are keen on expanding their operations and launching innovative product lines to strengthen their market presence.

More Insights into Barrier Shrink Bags Market Report

In its latest report, FMI offers an unbiased analysis of the global barrier shrink bags market, providing historical data from 2012 to 2021 and forecast statistics for 2022 to 2027. To understand the global market potential, growth, and scope, the market is segmented on the basis of barrier type (high barrier shrink bags, ultra high barrier shrink bags), application (meat, seafood, poultry, cheese & dairy products, other foods), product type (round bottom sealed, straight bottom sealed, side sealed), material type (polyethylene (low density polyethylene (LDPE), linear low density polyethylene (LLDPE)), polypropylene, polyamide, ethylene vinyl alcohol (EVOH), polyvinylidene chloride (PVDC), others), thickness (up to 50 microns, 51 to 70 microns, 71 to 90 microns, 91 to 110 microns, above 110 microns), abuse strength (high abuse, low abuse), and region.

According to the latest FMI reports, based on segmentation, the high barrier shrink bags segment will dominate the target market. This segment will likely account for 56% of the overall market share by the end of 2027. In terms of application, the meat segment is expected to contribute the most to the target market, reaching a value of US$ 381 Mn during 2022-2027. On the basis of product type, the side sealed segment is expected to gain popularity among the consumers during the forecast period.

Based on region, the barrier shrink bags market in North America will present significant growth, primarily due to the performance of the same market in the United States. Multiple growth opportunities for the target market in the meat packaging sector caused by rising disposable income and an emphasis on eating healthy fuels barrier shrink bags market growth in the U.S. The country is expected to account for 92% of the market share in North America. Apart from the U.S., Italy’s barrier shrink bags market will exhibit notable growth due to lucrative opportunities in the cheese packaging industry. The target market in this country is expected to grow 1.7 times its current value.

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Barrier Shrink Bags Market by Category

By Barrier Type:

  • High Barrier Shrink Bags
  • Ultra High Barrier Shrink Bags

By Application:

  • Meat
  • Seafood
  • Poultry
  • Cheese & Dairy Products
  • Other Foods

By Product Type:

  • Round Bottom Sealed
  • Straight Bottom Sealed
  • Side Sealed

By Material Type:

  • Polyethylene
    • Low Density Polyethylene (LDPE)
    • Linear Low Density Polyethylene (LLDPE)
  • Polypropylene
  • Polyamide
  • Ethylene Vinyl Alcohol (EVOH)
  • Polyvinylidene Chloride (PVDC)
  • Others

By Thickness:

  • Up to 50 microns
  • 51 to 70 microns
  • 71 to 90 microns
  • 91 to 110 microns
  • Above 110 microns

By Abuse Strength:

  • High Abuse
  • Low Abuse

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Table of Content

  1. Executive Summary

1.1. Global Market Overview

1.2. Market Analysis

1.3. Analysis and Recommendations

  1. Market Overview

2.1. Market Definition

2.2. Market Coverage

  1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

  1. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

TOC to be continued.

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

Contact:
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Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Future of Soft Touch Polyurethane Coatings Market: Trends and Forecasts

Driven by adoption of ultra violet (UV) curable polyurethane (PU) dispersion coatings and growing preference for water based formulations, the soft touch polyurethane coatings market is forecast to reach valuation of US$ 6430 million by the end of 2021.

As per newly released data by Future Market Insights (FMI), global sales of overall soft touch polyurethane coatings market enjoyed year-on-year (YoY) growth of 3.50% in 2021 to total 313 kilotons. The sales are expected to grow 1.97X and reach 617 kilotons by the end of 2031, says Future Market Insights.

Soft touch polyurethane coatings are all-rounder in terms of application as they are extensively used in coating automotive and aircraft interior components like arm rest, door trims and front control panels to protect them from constant wear and tear. Increasing adoption of ABS plastics in making automotive interiors will accelerate the demand for soft touch polyurethane coatings in upcoming years.

They also play an integral role in improving overall look and design of consumer electronic devices like mobiles and laptops while simultaneously protecting them from scratches. The cover and body of consumer electronics are required to have organoleptic properties. Increased demand for high quality covers has led to an increase in demand for soft touch polyurethane coatings for its properties like resistance to yellowing, scratching, and abrasion.

Soft touch polyurethane coatings are highly effective in protecting wooden items from decaying and pest infestation.

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Stringent government regulations imposed to reduce the emission of volatile organic content (VOC) is prompting the market players to develop environment friendly coatings. In 2019, Environment Protection Agency New England has mandated manufacturing facilities to reduce its VOC emission by making process changes and installing air pollution control equipments. This is expected to bode well with the market growth in upcoming years.

Many market players are switching from solvent based coating to producing water based coating as solvent based coatings has high VOC content.  Increasing research and development for sustainable water based coating production while eliminating side reactions will boost the market growth over the forecast period.

Key Takeaways from FMI’s Soft Touch Polyurethane Coatings Market Study

  • North America soft touch polyurethane coatings market is forecast to expand at 5.10% CAGR during the assessment period owing to rising cases of insect infestation among American household and thriving wood work and furniture industry in U.S. and Canada.
  • Europe soft touch polyurethane coatings market will grow at 5.8% CAGR from 2021 to 2031, driven by rising production of automotive interiors made from acrylonitrile butadiene styrene (ABS) and elevated export and production of soft touch polyurethane coatings in the region.
  • Japan and South Korea will hold more than 14% of the global market share in 2021, backed by increasing production and demand of electronic components made in these countries and strict regulations regarding control emission of VOCs in these regions.
  • Ultraviolet soft touch polyurethane coating segment is expected to grow at more than 8.1% CAGR throughout the forecast period due to its high demand of such coatings in packaging industry due to its chemical inertness and eco-friendly characteristics.
  • The transport and automotive segment is predicted to account for more than 37% of global soft touch polyurethane coatings market share due to increasing demand for luxurious and rich look interior among car enthusiasts.

“Rising production of premium electronic products and increasing demand for scratch resistant and drop resistant coatings to protect these products is expected to spur the soft touch polyurethane coatings sales,” says the FMI analyst.

Competitive Landscape

Future Market Insights reports that, leading market players are focusing on employing organic and inorganic strategies to expand their market shares and enter new and emerging markets. These strategies include strategic merger and acquisition, partnership, and new product launches.

For instance, in June 2021, AkzoNobel announced to acquire Colombia-based paints and coatings company Grupo Orbis to strengthen its long term market position in South and Central America.  This will allow AkzoNobel to expand its product portfolio and solidify its position as the market leader in the region.

In January 2021, Allnex launched new polyurethane coating “DAOTAN 7061/35WA” especially designed for automotive OEM and vehicle refinish coating segments.

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Prominent players operating in the soft touch polyurethane coatings market are:-

  • RPM International Inc.
  • The Sherwin Williams Company
  • PPG Industries Inc.
  • Axalta Coating Systems Ltd.
  • Jotun AS
  • AkzoNobel N.V.
  • Aexcel Corporation
  • Sokan New Materials

More Insights on the Global Soft Touch Polyurethane Coatings Market

In its latest report, FMI offers an unbiased analysis of the global soft touch polyurethane coatings market, providing historical data for the period of 2015-2025 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of base type (water-based and solvent-based coatings), product type (2K and ultraviolet polyurethane coatings), end use (transport and automotive, electrical and electronics, wood and furniture, and others (packaging, measuring devices)), across seven major regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa).

About Future Market Insights (FMI)

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

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In-mold Labels Market rising at a CAGR of 3.3% from 2023 to 2033 and reaching US$ 1,568.1 million

In-mold Labels Market

The global in-mold labels market is expected to attain a valuation of US$ 1,133.4 Million in 2023 and is projected to reach US$ 1,568.1 Million by 2033, trailing a CAGR of 3.3% during the forecast period.

The market is being driven by various factors, including the growing demand for labels in food packaging, the increasing desire among customers for attractive packaging, and the transparent appearance and no glue requirement in-mold labels. These factors are contributing to the expansion of the global in-mold labels market.

In-mold labels are gaining popularity in emerging economies as an environmentally friendly labeling solution for packaging needs. Many consumer durable and personal care industry players are actively seeking in-mold labels as a viable labeling option. The increasing product penetration in various emerging economies is further expected to drive market growth.

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The demand for product identification labels in consumer durable goods is anticipated to increase due to their ability to withstand harsh conditions. The rise in disposable income and the rapid adoption of modern lifestyles are expected to drive demand for consumer durables in the coming years. This may positively affect market growth in the coming years. Additionally, consumer electronics manufacturers are focusing on producing quality products with enhanced features at affordable prices, which is also likely to fuel the demand for in-mold labels in the near future.

Key Takeaways:

  • Europe is expected to dominate the market while growing with a CAGR of 3.4% during the forecast period.
  • The market in India is projected to witness a promising CAGR of 6.1% during the forecast period.
  • China is expected to grow at a 5.4% CAGR during the forecast period.
  • By material, polypropylene is projected to lead the segment and is estimated to grow with a CAGR of 6.8% during the forecast period.
  • By end-use, the food segment is expected to lead the market. It is expected to grow with a CAGR of 6.4% throughout the forecast period.

“Surging demand for product identification labels and attractive packaging is estimated to drive the demand for in-mold labels over the forecast period,” says an analyst at FMI.

Competitive Landscape:

The in-mold labels market is extremely competitive and consists of various key industry players. These players are heavily investing in manufacturing in-mold labels.

The key industry players are CCL Industries Inc., Constantia Flexibles Group GmbH, Coveris Holding S.A, Avery Dennison Corp., Multicolor Corporation, Fuji Seal International Inc., Tasus Corporation, Canyon Graphics Inc., Huhtamaki Oyj, Korsini Ambalaj San. Tic. A.S., Walle Corporation, Duratech Industries Inc., Admark Visual Imaging Limited, Aspasie Inc., General Press Corporation.

Some recent developments:

Key industry players leverage organic growth strategies like acquisition, mergers, partnerships, and collaboration to enhance their product portfolio. This is expected to fuel the demand for in-mold labels in the forecast period.

  • In April 2021, Multi-Color Corporation (MCC) announced the acquisition of Paris Art Label Company, Inc., a United States-based label manufacturer that specializes in in-mold labeling (IML) for the food and beverage industry. The acquisition is expected to strengthen MCC’s position in the in-mold labeling market.
  • In January 2021, CCL Industries Inc. merged its label and consumer packaging group with Graphic West International, a United States-based manufacturer of In-mold labels and other packaging solutions. The merger is expected to create a leading provider of packaging solutions, including in-mold labels, for the food and beverage, healthcare, and consumer goods industries.
  • In September 2020, Constantia Flexibles launched a new range of In-mold labels for the food and beverage industry. The labels are designed to offer high-quality printing and improved sustainability and are available in various shapes and sizes.

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In-mold Labels Market Landscape

  • CCL Industries Inc.,
  • Constantia Flexibles Group GmbH,
  • Coveris Holdings S.A.,
  • Avery Dennison Corp.,
  • Multicolor Corporation,
  • Fuji Seal International Inc.,
  • Huhtamaki Oyj,
  • Korsini Ambalaj San Tic. A.S.,
  • Walle Corporation,
  • Duratech Industries Inc.,
  • Tasus Corporation, Canyon Graphics Inc.,
  • Admark Visual Imaging Limited,
  • Aspasie Inc.,
  • General Press Corporation,
  • John Herrod & Associates Pty Ltd.,
  • Serigraph Inc.,

Smyth Companies LLC, Hammer Packaging Corp., and Inland Label and Marketing Services LLC. are leading players in the market. The Tier 1 players hold 15-20% in the global market for in-mold labels.

In-mold Labels Market by Category

By Process:

  • Blow Molding
  • Injection Molding
  • Thermoforming

By Material:

  • Polypropylene (PP)
  • Polyethylene terephthalate (PET)
  • Polystyrene (PS)
  • Polyethylene (PE)
  • Barrier
  • Paper & Others

By Printing Method:

  • Gravure
  • Flexo
  • Offset
  • Screen
  • Digital
  • Others

By End-use:

  • Food
  • Beverage
  • Pharmaceuticals
  • Domestic Care
  • Personal Care & Cosmetics
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa (MEA)

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About Future Market Insights, Inc.

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

Contact:
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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports