Packaging Testing Services Market With CAGR 12.6% by 2029: Industry Analysis, Growth Factors, and Future Outlook

The market for package testing services is anticipated to grow at a CAGR of 12.6% from 2022 to 2029, reaching US$ 33.4 billion.

Packaging testing equipment’s uses in the electronics industry are continually expanding. A prominent factor that is expected to boost the growth of the packaging testing equipment market is the fast-expanding demand for consumer electronics.

The Packaging Testing Services market is a growing industry that provides vital services for ensuring the safety, quality, and effectiveness of packaging materials and products. Packaging is an essential aspect of various industries such as food and beverages, pharmaceuticals, cosmetics, and consumer goods. Effective packaging is essential for protecting products during transportation, storage, and handling, and it also plays a critical role in brand positioning and marketing.

The Packaging Testing Services market is driven by several factors, including the increasing demand for quality and safety of packaged products, the growing regulatory requirements for packaging materials and products, and the rise in global trade and e-commerce. With the increasing emphasis on sustainable packaging, the market is also witnessing a surge in demand for eco-friendly packaging testing services.

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Packaging Testing Equipment Market Landscape

  • Krones AG,
  • Coesia Group and
  • AMETEK Inc.

are the top players operating in the packaging testing equipment market. Furthermore,

  • Marchesini Group,
  • Presto Testing Equipment,
  • Labthink Instruments Co. Ltd.,
  • AZO Holding GmbH,
  • Machine Solutions Inc.,
  • Qualitest, and
  • Rycobel Group

are also the noticeable players in the packaging testing equipment market. The 3-tier players of the market hold 80-90% in the global packaging testing equipment market. Summarizing everything key players will contribute almost 10-20% of the global market.

FMI forecasts that the sales of packaging testing equipment will increase in food and beverages, healthcare, and other sectors. Factors such as demand for sustainability and client specific customization will aid application across diverse industries.

Key Takeaways from Packaging Testing Equipment Market

  • By testing type, material/ sample testing segment is ahead and leading the global packaging testing equipment market. The segment is anticipated to account for 44% of the market by the end of forecast period.
  • By material, the plastic segment is mostly preferred in the market due to its low cost feature. Demand in the segment is anticipated to increase 1.8 times during next 10 years.
  • Among end users, the food and beverages segment will exhibit high demand. Furthermore, healthcare & pharmaceuticals will be the second largest segment, accounting for 22% of the market.
  • Asia-Pacific is anticipated to offer impressive opportunities for packaging testing equipment market due to lower tax slabs and ease of doing business opportunities in the region.
  • North America and Europe will hold share of almost 44% in the global market by the year 2031.

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 “The demand for packaging testing equipment is rising globally.  Increasing focus on testing services and verification & certification for ensuring the quality of packaging material has created growth opportunities for packaging testing equipment manufacturers ,” says FMI analyst.

What is primarily driving the Packaging Testing Services Market?

“Introduction of New-Fangled Standards to be the Driver”

The major driver to the packaging testing services industry is the introduction of new standards for package authentication. Numerous organizations have established international principles in the last few years that are sure to be trendsetters. These standards aim to have ever-expanding cargo and product safety, and different packaging test methods are defined in this regard.

There is a long list of standards in the packaging testing services market developed by various organizations such as the American Society for Testing and Materials (ASTM), the International Safe Transit Association (ISTA), the International Organization for Standardization (ISO), and others.

Competitive Landscape

The global Packaging testing services market is witnessing an influx of large number of players at the domestic as well as global level. The existing players are also engaging into mergers, acquisitions, partnerships, joint ventures, and new product launches to keep their brand image afloat.

  • DDL, in April 2019, did announce rebranding of Cryopak Testing Center (a 6K sq. ft. independent laboratory stationed at Edison, NJ) as DDL testing laboratory that makes way for package testing across distribution simulation, environmental conditioning, thermal performance, strength and integrity testing, and shelf-life testing.

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Key Segments Covered in Packaging Testing Services Industry Research

Packaging Testing Services Market by Testing Type:

  • Physical
  • Chemical
  • Microbiological

Packaging Testing Services Market by Material:

  • Plastic
  • Paper & Paperboard
  • Glass
  • Metal
  • Others

Packaging Testing Services Market by End-user:

  • Food
  • Beverages
  • Healthcare
  • Personal Care & Cosmetics
  • Others

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Mobile Cases and Covers Market: Current Trends, Future Outlook, and Competitive Landscape Analysis by 2029

The global mobile cases and covers market is expected to reach US$ 32.3 Billion by the year 2029 at a CAGR of 5.6% between 2022 and 2029.

The mobile cases and covers market is highly influenced by evolving lifestyle trends and increasing spending capacities of consumers. To ensure the long shelf life of smartphones, consumers are increasingly using protective cases and. Increasing demand for 360-degree surface protection for smartphones is offering significant profit earning opportunities for key players in the global mobile cases and covers market.  Millennials are more concerned about reducing plastic waste; hence, biodegradable mobile cases and covers are expected to witness high demand in the next decade.

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Some of the key players in the mobile cases and covers market are

  • Amzer, Inc.,
  • Belkin International, Inc.,
  • Case-Mate Inc.,
  • CG Mobile Case SAS,
  • Incipio Technologies Inc.,
  • Motiba Silicone Private Limited,
  • Northbaze Group AB (KRUSELL),
  • Otter Products, LLC,
  • Pelican Products Inc.,
  • Samsung Electronics Co. Ltd,
  • Sony Corporation,
  • Rearth, Inc. (Ringke), and
  • pOcpac U.K.

These key players are focusing on product innovation, acquisitions, upgrading, and boosting sales through e-Commerce, with an aim to increase their global presence and customer base in the global mobile cases and covers market.

The global mobile cases and covers market is expected to grow 1.7X its current market value by the end of 2029.

“Manufacturers in the mobile cases and covers market can leverage the remunerative growth potential offered by the adoption of eco-friendly material. Key players can boost their sales through online stores and e-Commerce.”

Key Takeaways of Mobile Cases and Covers Market Study

By product volume, the mobile covers segment is expected to hold higher market share over 2022-2029, attributed to the increasing demand for lightweight covers providing maximum protection from drops, bumps, and shocks.

By print type, the with print segment is anticipated to hold a major share in the mobile cases and covers market during the forecast period.

North America is expected to outpace the global mobile cases and covers market in the next decade, attributable to the presence of a large number of key players. China, India, and Japan are anticipated to offer lucrative opportunities, driven by increasing production of smartphones and cost-effective mobile cases and covers in these countries.

Mobile Cases and Covers Market: Competition Landscape

The global mobile cases and covers market is highly fragmented, with the presence of many local and unorganized players. Also, many new players are expected to enter the global mobile cases and covers market to leverage significant growth opportunities available.

In 2022, Pelican entered the e-Commerce market and established an online store for easy customer reach. Besides this, the company introduced a new line for mobile phones cases.

In April 2021, pOcpac U.K. launched The Gran Turismo mobile pouch in the United Kingdom. This pouch is manufactured from premium durable leather, featuring a weather resistant zip, which ensures high barrier resistance.

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Key Segments Covered in Mobile Cases and Covers Industry Research

Mobile Cases and Covers Market by Product:

  • Cases
  • Wallets
  • Pouches
  • Hard Cases
  • Covers
  • Back Covers
  • Flip Covers

Mobile Cases and Covers Market by Material:

  • Plastic
  • Polypropylene
  • Polyethylene
  • PVC
  • Polyurethane
  • Others
  • Leather
  • Silicone
  • Rubber
  • Biodegradable
  • Wood
  • Fabric
  • Bioplastic
  • Paper & Paperboard

Mobile Cases and Covers Market by Print Type:

  • With Print
  • Without Print

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 10-years.

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Global Kraft Liner Market: Trends, Growth Opportunities, and Forecast Analysis by 2029

The global Kraft Liner market is walking down the path of progression. It is bound to be worth US$ 20.7 Billion by the year 2029 at a CAGR of 1.7% between 2022 and 2029.

Over the next ten years, the worldwide kraft liner market is predicted to expand as a result of rising demand from the food and retail industries for plastic-free packaging solutions. In addition, due to the unfavourable impression of plastic around the world, paper and paperboard are projected to be the future of the packaging business.

Due to the governments of various nations’ bans on single-use plastic, which is anticipated to encourage big brands and businesses to employ alternatives to plastic-based packaging in the near future, applications of kraft liner and test liner solutions are likely to rise over the forecast period.

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 Key Takeaways of Kraft Liner Market Study

  • Due to growing demand for packaged food across the world, food grade kraft liners are estimated to hold the largest market share during 2019-2029.
  • Increasing demand for high strength and printable packaging solutions from large- to medium-scale enterprises is expected to offer lucrative opportunities to manufacturers offering bleached kraft liner solutions in the next decade.
  • Corrugated boxes is estimated to be the leading segment in terms of application of kraft liner solutions, and is projected to remain the leading segment over the forecast period.
  • e-Commerce end use is projected to witness fast-paced growth, owing to the high demand for kraft liner solutions from this industry, followed by electrical and electronics packaging.
  • High growth in the manufacturing & retail sector, and increasing disposable income of consumers in China and India, make this region lucrative for investments. Manufacturers in the kraft liner market can focus on acquisitions and expansion in this region to improve their market share.

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Product Launch – Key Strategy of Manufacturers in Kraft Liner Market

Key manufacturers in the kraft liner market are focusing on product launches, divestiture, and capacity expansion. Leading players are also focusing on the development of innovative packaging formats using kraft liners, which can be an efficient replacement for plastic packaging solutions.

  • In March 2019, WestRock Company introduced new coated paper in response to the premiumization trend followed by the manufacturers of consumer and luxury goods.
  • In October 2019, DS Smith Plc provided the Retail Ready Packaging (RRP) solution to Morrisons’ Best Bacon sizzles.
  • In September 2017, International Paper Company invested US$ 300 Mn to convert its paper machine at the Riverdale Mill in Selma, Ala from uncoated free sheet to high quality white-top linerboard and containerboard.

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Key Segments Covered in Kraft Liner Industry Research

Kraft Liner Market by Product:

  • Unbleached
  • Bleached

Kraft Liner Market by Basis Weight:

  • Below 200 GSM
  • 200-400 GSM
  • Above 400 GSM

Kraft Liner Market by Application:

  • Corrugated Sheets
  • Corrugated Boxes
  • Container Boards or Solid Boards

Kraft Liner Market by End use:

  • Food

o    Processed Food

o    Fresh Produce

o    Dairy Products

o    Food Grains

o    Confectionery & Bakery

o    Other Foods

  • Beverages

o    Alcoholic

o    Non-alcoholic

  • Electrical & Electronics

o    Industrial

o    Consumer

  • Healthcare
  • Tobacco
  • Automotive & Allied Industries
  • e-Commerce
  • Chemicals & Fertilizers
  • Building & Construction
  • Others

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Endocrine Testing Market Status and Prospects 2023 to 2033 | By AB Sciex, bioMerieux SA, DiaSorin S.p.A, Ortho Clinical Diagnostics

The global Endocrine Testing market size is currently valued at US$ 2536.7 million and is expected to grow at an 8.5% CAGR. Due to the increased prevalence of diabetes cases, it is predicted to reach a market value of US$ 5735 Million by 2032.

The prevalence of endocrine problems has increased in the last five years, paralleling developments in diagnostic tools. Sedentary lifestyles, poor diets, and alcohol consumption are among the key variables projected to drive market growth in the next years.

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Effective disease management solutions are required to meet the increasing prevalence of health issues as the world’s population ages. This will result in a rise in need for Endocrine Testing methodology and solutions, resulting in a significant increase in Endocrine Testing demand. Meanwhile, the global directed energy weapons market is benefiting from rising demand for non-lethal weapons.

According to the report, North America, Europe, and East Asia are expected to continue at the forefront of the Endocrine Testing market during the next five years and will maintain their dominance throughout the assessment period.

Key Takeaways from the Market Study

  • The Endocrine Testing market is estimated to reach $2536.7 million by 2023, according to the report.
  • Between 2023 and 2033, the Endocrine Testing industry is predicted to develop at an 8.5% CAGR.
  • Endocrine Testing is anticipated to be worth $5735 million by 2033.
  • According to Technology, the follicle-stimulating hormone (FSH) category dominates the market with a 25% share and is expected to do so for the foreseeable future.
  • The North American Endocrine Testing market is predicted to expand 47.2% by 2033.

“High prevalence of diabetes, increased spending on research and development, and technological advancements in Endocrine Testing equipment are likely to transform the Endocrine Testing market in the coming years,” comments an analyst at FMI.

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Competitive Landscape

Abbott Laboratories, AB Sciex, Agilent Technologies Inc., bioMerieux SA, Bio-Rad Laboratories Inc., DiaSorin S.p.A., F. Hoffmann-La Roche Ltd., Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated and Ortho Clinical Diagnostics

A number of strategies are being adopted by these firms in an attempt to increase their market share and gain a competitive advantage, including new product launches, facility expansions, mergers, collaborations, partnerships, and acquisitions. For instance,

  • In August 2022, Mira Fertility will launch its Mira Fertility Ovum Wand which is intended to monitor the levels of the follicle-stimulating hormone (FSH) in urine. Ovulation is triggered by FSH by stimulating the growth of follicles. This product is listed as an over-the-counter tool by the US Food and Drug Administration (FDA), and it is scheduled to launch in October. It can detect lab-accurate FSH levels, helping identify and predict menopause, assess fertility, and predict ovulation.
  • In May 2022, Berlin-based Inne.io startup announced an additional €9.3 million funding round led by DSM Venturing. Calm Storm Ventures and Borski Fund also participated, along with prominent angel investors Taavet Hinrikus (Wise), Fiona Pathiraja, and Rolf Schromgens (Trivago). With over 100,000 points of hormone data collected, Inne has assisted thousands of women in Switzerland, Germany, Austria, and the UK to track their progesterone levels through its mini lab and medical device registration in 2019.

More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the Endocrine Testing market, presenting historical demand data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.

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Key Segments Covered in the Endocrine Testing Market Industry Survey

Endocrine Testing Market by Test Type:

  • Estradiol (E2) Test in Endocrine Testing
  • Human Chorionic Gonadotropin (hCG) Hormone Test in Endocrine Testing
  • Follicle Stimulating Hormone (FSH) Test in Endocrine Testing
  • Luteinizing Hormone (LH) Test in Endocrine Testing
  • Progesterone Test in Endocrine Testing
  • Testosterone Test in Endocrine Testing
  • Thyroid Stimulating Hormone (TSH) Test in Endocrine Testing
  • Dehydroepiandrosterone Sulfate (DHEAS) Test in Endocrine Testing
  • Prolactin Test in Endocrine Testing
  • Insulin Test in Endocrine Testing
  • Cortisol Test in Endocrine Testing
  • Others Endocrine Testing

Endocrine Testing Market by Technology:

  • Mass Spectroscopy Endocrine Testing
  • Chromatography Endocrine Testing
  • Immunoassay Endocrine Testing
  • Nucleic Acid Based Endocrine Testing

Endocrine Testing Market by End-user:

  • Endocrine Testing at Hospitals
  • Endocrine Testing at Ambulatory Care Centers
  • Endocrine Testing at Commercial Laboratories
  • Other Endocrine Testing

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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.

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Tendonitis Treatment Market Share 2022 to 2032 | By Merck, AstraZeneca, Abbott, Pfizer

According to Future Market Insights most recent market study report, the global Tendonitis Treatment Market size is anticipated to reach US$ 201.8 billion in 2022. The analysis forecasts a significant increase in market growth between 2022 and 2032, with a predicted CAGR of 4.1%, which is significantly higher than the previous pace. Tendonitis Treatment is expected to be the most profitable segment, with a CAGR of 4.3% from 2022 to 2032.

The key driver of market expansion is the global increase in sports activities, which will have a substantial impact on the market as soft tissue injuries become more common. This trend is exacerbated by an increase in interest in sports as a vocation or hobby as a result of increased career prospects and a desire for fitness, resulting in a higher probability of injury.

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The availability of numerous treatment alternatives, such as physical therapy, over-the-counter pain medications, and surgical procedures, is increasing the number of people seeking treatment, which is supporting market growth. Because of the effectiveness of eccentric strengthening in treating chronic tendon problems, physical therapy has emerged as the first-line treatment for tendonitis.

Despite the current limitations of clinical grafts used in tendon treatment, alternative engineered tissue is in high demand. To sustain market growth, innovative solutions such as tendon replacement and regeneration are in great demand.

Critical Questions Answered in the Report

  1. What are ongoing trends that will shape market growth curve for global Tendonitis Treatment Market?
  2. What are the drivers and challenges affecting the Tendonitis Treatment Market demand?
  3. What are the recent technological advancement in the Tendonitis Treatment Market?
  4. What are key trends and opportunities that will prevail the revenue growth of Tendonitis Treatment Market players?
  5. How will evolving regulatory policies impact the market growth?

Tendonitis Treatment Market: Segmentation

By Region

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

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Detailed analysis on the geographical region and country wise insights are offered in the latest Tendonitis Treatment Market report with established market players as well as incumbents in the region.

By Segment:

By Treatment Type:

  • Therapy
    • Hot and Cold Therapy
    • Physical Therapy
    • Shockwave Therapy
  • Surgery

By Condition:

  • Tennis Elbow
  • Golfer’s Elbow
  • Pitcher’s Elbow
  • Jumper’s Knee
  • Swimmer’s Shoulder
  • Achilles Tendonitis

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

  • Merck and Co., Inc.
  • Bayer AG
  • AstraZeneca
  • Boehringer Ingelheim Pharmaceuticals
  • Abbott
  • Pfizer
  • GlaxoSmithKline PLC
  • Almatica Pharma, Inc.
  • Teva Pharmaceuticals Industries

Future Market Insights’ study provides a comprehensive SWOT analysis of each player in the Tendonitis Treatment Market, highlighting their strengths, weaknesses, growth prospects, and challenges. The report also includes crucial information on each player’s sales, pricing, and marketing strategies in the market.

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Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the Tendonitis Treatment Market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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.

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Future Market Insights, Inc.
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Bullous Keratopathy Market Status and Prospects 2023 to 2033 | By Pfizer, Bayer AG, Cellusion, CRSTEurope

In 2022, the global Bullous Keratopathy market sales was estimated to be worth US$ 410 million. The market is expected to be worth US$ 427.54 million by 2023. During the assessment period of 2023 to 2033, a CAGR of 4.3% is expected, with a closing value of US$ 650 million. The rising prevalence of ophthalmic diseases, such as keratoconus, Fuchs dystrophy, and infectious keratitis, is the key factor propelling the industry’s growth. According to the NCBI report, approximately 10-15% of patients diagnosed with keratoconus require to undergo a corneal implant procedure at some point.

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Corneal blindness, which affects 10 million people worldwide, is the third biggest cause of blindness after glaucoma and cataract. Eye surgery is the most prevalent cause of endothelial layer of the cornea damage. Bullous Keratopathy can be caused by trauma, glaucoma, or inflammation from eye surgery. Bullous Keratopathy may occur in 1% to 2% of patients after cataract surgery, a small amount when compared to the 10 million patients who undergo cataract surgery worldwide each year.

Because of their advantages, such as low cost, biocompatibility, and enhanced safety and effectiveness, collagen-based bio-engineered artificial corneas used in Bullous Keratopathy are in great demand in the market. Manufacturers are putting more emphasis on developing and launching new products. Two items are currently in clinical testing and are projected to contribute to the artificial cornea segment and overall market growth throughout the forecast period. Corneat Vision, for example, stated in 2022 that its CorNeat KPro (artificial cornea) is undergoing clinical trials. This medicine is likely to be approved for commercialization in 2024, assisting in the market expansion of Bullous Keratopathy.

Corneal transplantation is the most important treatment for Bullous Keratopathy because it restores endothelial cell shape and function. Penetrating keratoplasty (PK), Descemet membrane endothelial keratoplasty (DMEK), or Descemet stripping automated endothelial keratoplasty (DSAEK) are all options. Between 1999 and 2001, members of the Japan Cornea Society conducted a cross-sectional national survey on 963 eyes with Bullous Keratopathy in Japan. The study looked at demographics, surgical type, complications, and postoperative outcomes. During the study period, Bullous Keratopathy accounted for 24.2% (963 eyes) of total keratoplasties performed (Shimazaki et al., 2007).

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Key Takeaways from the Market Study

  • By 2033, the global Bullous Keratopathy market is expected to be worth USD 650 million.
  • During the forecast period, North America is expected to have the largest market share.
  • Europe Bullous Keratopathy accounted for 19.1% of the market in 2022.
  • Amniotic membrane transplantation is an effective treatment for Bullous Keratopathy that improves visual acuity and reduces subjective symptoms by influencing the process of corneal repair.
  • The hospital segment dominated the market by end-user, accounting for $150 million in sales.

“With major breakthroughs in ophthalmology becoming evident, the scope for Bullous Keratopathy is expected to rise significantly. Moreover, healthcare practitioners are gravitating towards more precise surgeries to improve patient outcomes,” remarks an analyst at FMI.

Competitive Landscape

Key players in the Bullous Keratopathy market are- Hoffmann-La Roche Ltd, Regeneron, Pharmaceuticals, Inc., Pfizer, Inc., Bayer AG, Cellusion, CRSTEurope, Barraquer Eye Hospital, Planchard Eye & Laser Center, Medscape. Some recent developments in Bullous Keratopathy market are:

  • In September 2022: Celregen and Cellusion Inc. signed an exclusive license agreement for corneal endothelial cell regenerative therapy in Greater China.
  • In July 2022: Carl Zeiss Meditec and Precise Bio announced a partnership in the development and commercialization of tissue-based implants for ophthalmology

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Future Market Insights, in its new offering, presents an unbiased analysis of the global Embolization Coils market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

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Key Segments Profiled in the Bullous Keratopathy Market Industry Survey

Bullous Keratopathy Market by Therapies:

  • Emmecell
    • Drug Description
    • Regulatory Milestones
    • Safety and Efficiency
    • Product Profile
  • Cellusion
    • Drug Description
    • Other Development Activities
    • Clinical Development
    • Safety and Efficiency
    • Product Profile

Bullous Keratopathy Market by End User:

  • Hospitals
  • Surgical Centers

Bullous Keratopathy Market by Treatment:

  • Medical Management
    • Lubricants
    • Steroids
    • Hyperosmotic agents
    • Anti- Glaucoma drugs
    • Antibiotics
    • Amniotic Membrane Grafting (AMG)
    • Annular Keratotomy
    • Anterior Stromal Puncture

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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.

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Head and Neck Cancer Therapeutics Market is expected to garner a value of US$ 5.19 Billion, with a CAGR of 12.6%

The global Head and Neck Cancer (HNC) Therapeutics market sales is expected to be worth US$ 5.19 billion by 2033, with a compound annual growth rate (CAGR) of 12.6% from 2023 to 2033. Developments in the detection and treatment of head and neck cancer (HNC) are projected to drive market growth because they are less expensive and easier to implement than procedures. The expanding senior population, as well as the increased prevalence of various forms of HNCs, are significant market drivers.

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Furthermore, an increase in R&D activities involving the development of novel therapeutic objectives and multimodal therapeutic strategies is expected to improve the survival rate of people with head and neck cancers. As the number of persons diagnosed with head and neck cancers rises, so does the global demand for novel cancer treatments. In recent years, there has been a dramatic increase in the number of instances of head and neck cancer. Each year, over 550,000 cases of head and neck cancer are detected, with over 300,000 people dying as a result of these diseases, according to a World Health Organisation (WHO) report.

North America will be the market leader in 2021. Among the significant variables impacting regional market expansion are government assistance for medical sector improvement, advantageous reimbursement policies, enhanced disease awareness, expanded R&D initiatives, and easy access to high-quality healthcare facilities.

Key Takeaways from the Market Study

  • North America dominated the market in 2021, accounting for more than 45% of total sales.
  • Head and neck cancer accounts for around 4% of all malignancies in the United States.
  • China is a significant source of head and neck cancer, accounting for around 10% of all systemic malignant tumours each year.
  • Retail and specialty pharmacies will dominate the sector in 2021, accounting for 58% of total sales.
  • The global market for Head and Neck Cancer (HNC) Treatments is expected to be worth US$ 5.19 billion by 2033.

“The rapidly expanding pharmaceutical sector and rising penetration of online stores are the major factors expected to drive market growth during the forecast period. Furthermore, numerous development approaches such as collaborations, product launches, and adaptation of cutting-edge technologies have a positive impact on the market and drive overall growth” says FMI analyst.

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Key Market Players

Key players in the head and neck cancer (HNC) therapeutics market are Eli Lilly and Company, Sanofi, Merck & Co., Inc., Clinigen Group plc., Bristol-Myers Squibb Company, AstraZeneca, Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd, Hoffmann-La Roche Ltd., Coherus BioSciences.

  • Sanofi spent USD 1 billion to acquire Amunix Pharmaceuticals, Inc. in December 2021. This acquisition expands the company’s cancer product range and offers tremendous growth possibilities.
  • The US Food and Drug Administration (FDA) approved KEYTRUDA, Merck’s anti-PD-1 treatment, in combination with chemotherapy, with or without bevacizumab, in October 2021. Merck & Co., Inc.’s Keytruda is administered intravenously as an infusion to patients with head and neck cancer.

More Insights Available

North America dominates the head and neck cancer diagnostics market due to the high prevalence of the disease and the availability of advanced diagnostic technologies. The United States accounts for the largest share in the region, followed by Canada. The region is also home to many key players in the market, making it highly competitive.

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Key Segments Profiled in the Head and Neck Cancer (HNC) Therapeutics Market Industry Survey 

By Therapy Type:

  • Chemotherapy
  • Immunotherapy
  • Targeted Therapy

By Route of Administration:

  • Injectable
  • Oral
  • By Channel

Retail & Specialty Pharmacies:

  • Hospital Pharmacies
  • Online Pharmacies

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Extruders and Compounding Machines Market is anticipated to touch a value of nearly US$ 18.21 Billion in the year 2027

A recent publication titled “Extruders and Compounding Machines Market: Global Industry Analysis and Opportunity Assessment (2022 to 2027)” reveals several market acumen with respect to key trends, developments, key players, drivers and restraints across key regions in the globe. Future projections on this market have been chalked to assess the growth path of the market. An in-depth market segmentation is carried out that explores every angle of the market with which relevant acumen can be obtained. A forecast analysis for a period of five years has been drawn that can support the reader in slating future moves.

Global Extruders and Compounding Machines Market: Forecast Highlights

The global market for extruders and compounding machines is expected to grow at a moderate value CAGR of 4.7% during the period of forecast, 2022 to 2027. The global extruders and compounding machines market was valued at around US$ 14.47 Billion in 2022 and is estimated to reach a valuation of more than US$ 18.21 Billion by the end of the year of assessment (2027).

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Global Extruders and Compounding Machines Market: Dynamics Impacting Growth

Increase in the demand for plastics across several regions in the globe, integration if IIoT in the field of compounding and extrusion, increasing threshold in cable manufacturing sector, increased use of extruders and compounding machines in small and medium scale industries, rising food and beverage sector across the globe especially in emerging economies, increasing trade policies supporting the market’s growth, and increasing demand from construction, consumer goods and packaging industries have supported the growth of the global extruders and compounding machines market.

Factors such as strict government regulations on using non-green machines, problems associated with BREXIT and stringent regulations on plastic products have posed restraints to the market’s growth.

Global view of the market in a nutshell

Global extruders and compounding machines market research report focuses on several trends, drivers, restraints and opportunities across important regions in the globe. This provides a global view of the market covering all key areas thus putting forth an all-inclusive market picture in front of the reader. This research report is expected to support the reader to get an in-depth market understanding and assess various regions with optimum potential in order to slate informed decisions, devise strategies and execute them to achieve an edge over the competition. Also, the research report excludes biasness giving a more realistic angle to the market insights and statistics.

Global Extruders and Compounding Machines Market: Key Segmental Outlook

The global extruders and compounding machines market is segmented on the basis of product type, application, end use industry and region. By product type, the adoption of twin screw is expected to dramatically rise in the coming years. This makes the twin screw segment highly attractive and it is projected to grow at the fastest rate to reach a high valuation by the end of the forecast period

In the application category, Speciality plastics segment is estimated to reflect a higher valuation than other application segments thus leading the global market. Moreover, the master batch production segment is projected to grow at a significant pace in the coming years

By end use industry, plastics industry segment and food and beverage segment have largely contributed to the growth of the global extruders and compounding machines market. Plastics industry segment leads the way

In the region category, Asia Pacific excluding Japan (APEJ) is anticipated to radiate high market attractiveness. The extruders and compounding machines market in APEJ region is the largest with a significant market valuation and is projected to expand at a high value CAGR of 5.7% throughout the period of forecast

Global Extruders and Compounding Machines Market: Competitive Landscape

The global extruders and compounding machines market research report has included key player analysis covering several facets such as financials, developments, expansion strategies and product portfolios of key companies dealing with extruders and compounding machines. Key companies such as

  • Toshiba Machine Co., Ltd.,
  • The Japan Steel Works Ltd.,
  • Coperion GmbH,
  • Battenfeld-Cincinnati,
  • NFM Welding Engineers, Inc.,
  • Clextral S.A.S.,
  • KraussMaffei Berstorff GmbH,
  • Leistritz AG,
  • Davis-Standard, LLC,
  • Theysohn Extrusionstechnik GmbH,
  • Everplast Machinery Co., Ltd.,
  • Breyer GmbH,
  • Rajoo Engineers Limited,
  • Gneuss Kunststofftechnik GmbH,
  • Cheng-Hua Machinery Co., Ltd.,
  • Kabra Extrusion Technik Ltd., and
  • SML Machine gesellschaftmbH are covered in this research study.

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How is Expansion of Food Industry Affecting Sales of Extruders and Compounding Machines?

Apart from demand in the plastic industry, the food sector has presented potential opportunities for growth of the global extruders and compounding machines market. Rising disposable income and changing life standard of consumers have triggered the growth of food industry during the last few years.

Food manufacturers are utilizing modern processing machines such as extruders and compounding pharming to increase their productivity, reduce costs while maintaining high hygiene standards in the industry. The rising disposable income of consumers has triggered a growth within food production over recent years which is set for further expansion with advancements like these emerging on an increasing number of markets around world

Extruders and Compounding Machines Market by Category

By Product Type:

  • Single Screw
  • Twin Screw
  • Ram Extruders

By Application:

  • Speciality Plastics
  • PVC Cable
  • Master Batch Production
  • Flooring Sheet
  • Others

By End Use Industry:

  • Food Industry
  • Chemical Industry
  • Plastic Industry
  • Medical/Pharmaceutical
  • Others

By Region:

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

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About Future Market Insights (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 10-years.

Contact Us :

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T: +1-845-579-5705
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HID Ballast Market Future Scenarios, Growth and Analytical Insights 2027

The global HID ballast market is expected to decline gradually over the period of 10 years between 2022 and 2027. This market is expected to register a growth rate of -9.8% during the forecasted period. In a bid to sustain revenue growth, key market players are laying emphasis on increasing their product offerings and providing innovative products to achieve competitive edge, specifically over other local players.

One of the significant reasons behind the declining growth of the market is increasing replacement of HID with new energy efficient LED luminaries. Global sales of HID ballasts is estimated to be valued at US$ 6.8 Billion in 2022 and this is projected to drop down to US$ 3.6 Billion by 2027.

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Global HID Ballast Market: Key Regional Takeaways

  • Increasing government investments for the replacement of conventional lighting with energy efficient lighting systems is expected to provide traction in the North America HID ballast market during the forecast period
  • Growing adoption and subsequent sales of energy efficient lighting systems for enhanced outdoor brightness in areas such as stadiums and parking spaces is expected to create an opportunity for electronic ballasts over the forecast period
  • Rising replacements of tunnel lighting and street lighting as well as a growing trend for decorative lighting is estimated to propel the Latin America HID ballast market throughout the forecast period
  • Regional manufacturers are focussing on increasing the illumination efficiency of car headlights. This may influence the application of HID ballast in the automotive sector during the forecast period

Global HID Ballast Market: Forecast by Sales Channel

The sales channel segment comprises offline and online segments. Offline sales has been a prominent channel for most of the market players due to the fact that they gain direct access to the customer to portray their offerings. It offers high chances of negotiations and also helps build better business relations. On the other hand growing internet infrastructure is likely to create significant opportunities for market players aiming to capitalise on lucrative opportunities in the untapped markets of several developing nations.

Global HID Ballast Market: Forecast by Product Type

On the basis of product type, global HID ballast market is segmented into electromagnetic ballast and electronic ballast. Electromagnetic ballast technology improves the performance of lighting systems owing to its higher efficiency, optimal lumen maintenance as well as enhanced colour control over magnetic HID Ballast. The electromagnetic ballast segment is estimated to be valued at US$ 1,038.5 Mn in 2022 and this is anticipated to reach US$ 287.1 Mn by the end of 2027. Due to limited usability and subsequently decreasing sales in the global market, the electromagnetic ballast segment is expected to shrink rapidly over the forecast period.

Global HID Ballast Market: Forecast by Application

On the basis of application, the global HID ballast market is segmented into automotive, residential, commercial, industrial, and outdoors. Automotive components manufacturers, mainly headlights and headlamps manufacturers, are focussing on the manufacturing of energy efficient lamps such as HID lamps and LED lamps to enhance the vision of the driver. The automotive application segment was pegged at 64,510 (‘000 Units) in 2021 and is expected to reach 28,327 (‘000 Units) by 2027 end while expanding at a CAGR of -7.5% over the forecast period.

Global HID Ballast Market: Forecast by Region

The key regions of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are covered in this report. Growing construction infrastructure, a rapidly expanding commercial sector and rising demand for outdoor and parking lighting are providing high traction for the HID ballast market in APEJ.

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Global HID Ballast Market: Competitive Landscape

Some of the key leaders operating in the global HID ballast market are Philips Lighting Holding B.V., General Electric Company, Fulham Co., Inc. Villa Industrias, S.A. de C.V., Eaton Corporation

Westinghouse Electric Corporation, Morimoto HID, Satco Products Inc., Howard Industries, Inc., Halco Lighting Technologies, Iris Energy Private Limited, OSRAM Licht AG, HELLA KGaA Hueck & Co., Universal Lighting Technologies, GUANGZHOU FUCHW INDUSTRIAL CO., LTD., Lighting and Power Technologies, LLC, and Advanced Lighting Technologies, Inc.

Key Segments of HID Ballast Industry Survey

HID Ballast Market by Product Type:

  • Electromagnetic HID Ballasts
  • Electronic HID Ballasts

HID Ballast Market by Application:

  • HID Ballasts for Automotive
  • HID Ballasts for Residential
  • HID Ballasts for Commercial
  • HID Ballasts for Industrial
  • HID Ballasts for Outdoors

HID Ballast Market by Sales channel:

  • Online Sales of HID Ballasts
  • Offline Sales of HID Ballasts

HID Ballast Market by Region:

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

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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 10-years.

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Gaskets and Seals Market is expected to reach US$ 154.7 billion by 2033 with a CAGR 6%

According to FMI’s analysis, the Gaskets and Seals Market will grow at a CAGR of 6% during the forecast period. The industry’s value is expected to rise from US$ 86.6 billion in 2023 to US$ 154.7 billion by the end of 2033.

The demand curve for gaskets and seals is expected to rise steadily in the coming years. This is due to the stringent standards and specifications mandated by governments to eliminate the risk of hazardous material leakage. Additionally, gaskets and seals are used by manufacturers of automotive, machinery, electrical, and electronics to improve the performance efficiency of their industrial processes. These products are used to reduce the likelihood of unexpected downtime and to regulate emissions.

Strict emission norms in the automotive industry are one of the key factors that are propelling the demand for gaskets and seals. In the industrial sector, the demand for advanced power transmission seals is projected to witness an increased uptake. This can be credited to the remarkable reduction of power diversion that can be realized with the help of advanced seals. These seals are engineered with special materials and revolutionary designs that offer excellent performance under extreme conditions.

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Key Takeaways from the Gaskets and Seals Market: 

  • China is predicted to bag the largest market share in the course of the next 10 years. The revenue generation of the gaskets and sales market in China is estimated to stand at US$ 44.2 billion by 2033. The market is expected to trail at the fastest CAGR of 7.1% in the meantime.
  • The U.S. is expected to follow behind China and is assessed to witness sales of US$ 20.8 billion by 2033. The region is predicted to witness a CAGR of 3.9% over the forecast period. The growth in the country can be attributed to the growing demand for superior sealing solutions from multiple industries. The use of sealing materials helps safeguard the final products from any kind of contamination.
  • UK is a significant market for seals and gaskets in the European continent. The United Kingdom gaskets and seals market is anticipated to attainUS$ 3.4 billion by 2033, expanding at a CAGR of 4.4%. Extensive use of seals in the oil and gas industry in the country is propelling market growth.
  • The demand for seals is projected to be high over the next decade. The segment is projected to grow at a CAGR of 4.8% over the forecast period. The application of seals is wide-ranging, constituting rockets, automobiles, industrial plant equipment, ships, and consumer devices. Therefore, the surging production of automobiles and electronics is projected to drive the sales of seals.

News Featuring Market Developments by Companies Providing Gaskets and Seals:

  • In August 2022, Erith Group, a Dubai-based leading distributor of high-end and high-quality sealing products, announced an investment of Dh4 million in an industrial gasket and seal manufacturing factory in UAE. This is in line with UAE’s ‘Make it in the Emirates’ program to attract investments so as to reduce the country’s reliance on imported products.
  • In April 2020, Trelleborg AB announced the launch of the Next Generation Fire Seal, which finds application in the aerospace and automotive industry. With this launch, the company is projected to amplify its revenue generation.

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Gaskets and Seals Market Survey by Category

By Product Type:

  • Gasket
    • Jacketed
    • Solid
    • Spiral Wound
    • Kammprofile
  • Seal
    • Static
    • Dynamic

By Material Type:

  • Metallic
  • Non-Metallic
    • Elastomeric
    • Others

By End-use:

  • Automotive
  • Aerospace
  • Machinery
  • Electrical and Electronics
  • Marine and Rail
  • Others

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

About Future Market Insights (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 10-years.

Contact Us :

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 All Reports: https://www.futuremarketinsights.com/reports