Market Research Blog – Page 833 – New Product Development

Exploring the Expanding Role of Sulfamic Acid in Water Treatment and Industrial Applications

The sulfamic acid market is projected to register a 3.8% CAGR from 2024 to 2034. The market value is expected to increase from USD 286.28 million in 2024 to USD 416.24 million by 2034. The versatile applications of sulfamic acid in miscellaneous industrial processes, cleaning products, and water treatment have contributed to a significant demand for this acid. Sulfamic acid is used as a cleaning agent in various industries, including pharmaceuticals, food and beverage, and personal care. Additionally, its effectiveness in water treatment processes has made it a popular choice among water treatment plants.

In agriculture, sulfuric acid is known to be a source of nitrogen and a soil conditioner. It can be added to fertilizer to increase the availability of nitrogen for plants. Furthermore, sulfamic acid is useful in agricultural activities where managing soil pH is essential for optimum plant development because of its capacity to modify soil pH.

A crucial step in the synthesis of several medicinal molecules is sulfamic acid. It is used in the production of antibiotics, antiviral medicines, and pharmaceutical intermediates, among other pharmaceuticals. It is a favored option in pharmaceutical manufacturing due to its excellent purity and compatibility with pharmaceutical operations.

Sulfamic acid is mostly used as a cleaning and descaling agent in the food processing industry. In food manufacturing facilities, it cleans equipment surfaces of mineral deposits, scale, and stains to maintain sanitary conditions and food safety regulations. It is appropriate for usage in settings where food is processed due to its efficiency in eliminating impurities without leaving residues.

Sulfamic acid is less expensive but still effective compared to other compounds. Because of its price, it appeals to sectors looking for economical solutions that don’t sacrifice performance. Furthermore, because sulfamic acid may be used in various applications, businesses in multiple industries can benefit from economies of scale and simplified procurement procedures.

The sulfamic acid market is poised for steady growth due to several key drivers:

Increasing Demand in Water Treatment: Sulfamic acid is widely used as a descaling agent in water treatment applications, particularly for removing limescale in boilers and cooling systems. With the growing need for clean water and water treatment infrastructure, the demand for sulfamic acid in water treatment is expected to rise.
Growing Industrial Applications: Sulfamic acid finds significant applications in cleaning and as a catalyst in various industrial processes. The expanding industrial sector, including the chemical, pharmaceutical, and textile industries, is driving the demand for sulfamic acid for use in cleaning agents, acid cleaning, and chemical reactions.
Rising Demand from the Automotive Sector: Sulfamic acid is used in the automotive industry for cleaning metal surfaces and in the formulation of batteries. With the increasing global automotive production, the demand for sulfamic acid for surface cleaning and in battery manufacturing is on the rise.
Sustainability and Eco-Friendly Products: Sulfamic acid is considered safer and more environmentally friendly compared to some other acids, which is boosting its adoption. As industries shift toward more sustainable practices, the use of sulfamic acid as a less hazardous alternative is gaining momentum.

Competitive Landscape of the Sulfamic Acid Market

Manufacturers of sulfamic acid are diversifying their product lines to cater to a range of markets, such as water treatment, cleaning products, and medicines. To keep customers satisfied and concentrate on new or specialized markets, they use quality control procedures. Additionally, they spend money on research and development to create novel product combinations with enhanced features or economic viability.

Businesses invest in environmentally friendly production techniques and encourage their usage in ecologically friendly applications as sustainability gains importance. This approach seeks to maintain excellent product quality while satisfying industry and customer demands.

Key Companies in the Sulfamic Acid Market

BASF SE
Sigma-Aldrich Corporation (Merck KGaA)
Transpek Industry Limited
Tianjin Xibeier International Co., Ltd.
Avantor Performance Materials, LLC
Nanjing Jinglong Chemical Co., Ltd.
Hubei Hongyuan Pharmaceutical Technology Co., Ltd.
Nippon Carbide Industries Co., Inc.
Shandong Xinghua Chemistry Co., Ltd.
DI-CORP
Palm Commodities International
Raviraj Chemicals

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Key Market Segmentation

By Product Type:

Solid
Liquid

By End Use:

Industrial Cleaning
Chlorine Water Treatment
Chemical Manufacturing
Paper and Pulp
Electroplating and Electrorefining
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Solar Charge Controller Market Expected to Reach USD 3.4 Billion by 2028, Driven by Demand for Off-Grid Systems and Government Initiatives

Future Market Insights (FMI) has published a new report on the global solar charge controller market, titled “Solar Charge Controller Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2028”. The market, valued at USD 1.4 billion in 2017, is projected to grow at a strong compound annual growth rate (CAGR), reaching USD 3.4 billion by the end of the forecast period.

The report highlights that East Asia and Europe were leading regions in the solar charge controller market in 2018, accounting for over 49% of the global market share. The demand for solar charge controllers is closely linked to the increasing adoption of off-grid solar panel systems in countries like China, India, the USA, Brazil, and several ASEAN and African nations.

The growth of solar charge controller sales is being driven by developing economies, including China, India, Malaysia, and Brazil, where government initiatives and subsidies for solar panel systems are promoting the deployment of solar energy solutions. This trend is expected to accelerate the demand for both solar panel systems and charge controllers.

In addition, innovations in solar charge controllers, such as auto night detection, LCD displays, overcharging protection, and enhanced communication solutions, are contributing to the market’s growth. The increasing deployment of off-grid solar systems in remote and residential applications is also expected to further boost the market during the forecast period.

30A to 50A Solar Charge Controllers to Hold One Third Share in Market Growth

Based on current charging capacity, solar charge controllers with 30A to 50A is anticipated to remain the primary sub-segment in terms of market share, covering nearly 33% by the end of 2028. Growth in demand for lead acid battery for storage applications in developing economies is anticipated to impact the sales of solar charge controllers. Further, the rise of new entrants in the global solar charge controller market will initiate new production bases in developing economies for solar charge controllers.

Based on technology, the MPPT based solar charge controllers will register high growth rate and are anticipated to be a prominent segment in the global solar charge controller market. PWM based solar charge controllers are expected to account for an estimated value of US$ 1,980.5 Mn by the end of 2028.

Solar Charge Controller Market will Remain Highly Fragmented

The global solar charge controller market is highly fragmented and the tier-1 players contribute to nearly 1/3^rd of the market share. The competition among the global and regional players is becoming intensified due to rise of new players in developing economies. Leading manufacturers of solar charge controllers are widespread, with both regional and global players offering solar charge controllers in their targeted marketplaces.

Manufacturers are concentrating on acquiring new orders for the installation of solar charge controllers. Further, the adoption of MPPT based solar charge controllers will be a driving factor for the growth of the global solar charge controller market.

Morningstar Corp., Outback Power Inc., Studer Innotec, Victron Energy, Aims Power, Renogy, Sensata Technologies, Inc., Schneider Electric, Samlex America Inc., and DENRYO CO., LTD, are some of the key players leading the global solar charge controller market.

Solar Charge Controller Market – Key Segment

By Current Charging Capacity

up to 8A
8A to 20A
20A to 30A
30A to 60A
60A to 80A
100A to 250A
Above 250A

By Battery Type

Lead acid Battery
Lithium Ion Battery

By Technology

Pulse Width Modulation (PWM)
Maximum Power Point Tracking (MPPT)

By Region

North America
Latin America
Europe
Middle East and Africa (MEA)
East Asia
South Asia
Oceania

Report Preview: https://www.futuremarketinsights.com/reports/solar-charge-controller-market

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Elastic Film Market Set to Reach US$ 3.4 Billion by 2034, Driven by Rising Demand for Hygiene, Baby Care, and Sustainable Packaging Solutions

The global elastic film market is set to grow significantly, projected to reach a market size of US$ 3.4 billion by 2034, up from US$ 2.5 billion in 2024, representing a compound annual growth rate (CAGR) of 2.9% over the next decade. Key drivers of this growth include heightened awareness of personal hygiene, the increasing demand for baby care products, and the rising emphasis on sustainable packaging solutions.

Key Growth Drivers in the Elastic Film Market:

Rising Demand for Hygiene Products: The growing focus on personal hygiene, particularly among women, is propelling the market for elastic films. These films, commonly used in medical and hygiene products like sanitary pads, baby diapers, and adhesive closures such as frontal tapes, are witnessing increased consumption due to their effectiveness and versatility.
Baby Care Products Surge: The global increase in births, spurred by advancements in reproductive technologies and infertility treatments, is contributing to the heightened demand for essential baby care products. Elastic films play a critical role in the production of diapers, offering high absorbency, comfort, and leak prevention. As the demand for baby care products continues to rise, manufacturers are expected to see a steady increase in demand for elastic films.
Growing Demand for Sustainable Packaging: Environmental awareness has led to the growing demand for sustainable packaging solutions, and elastic films are emerging as a preferred choice. These films are eco-friendly, lightweight, and require less material compared to traditional packaging. As businesses seek to minimize waste and their carbon footprints, the demand for elastic films, particularly in industries like food and personal care, is expanding. Recyclability and the contribution to the circular economy are also key factors driving growth in the market.
Advances in Material Science: The ongoing innovation in material science is transforming the elastic film industry. The development of advanced polymer blends has improved the stretchability, strength, and durability of elastic films. As material science continues to evolve, manufacturers have access to cutting-edge solutions that meet diverse consumer needs, making elastic films an increasingly attractive option for packaging and product protection.

Key Market Trends:

Sustainability and Waste Reduction: Elastic films are increasingly used in eco-friendly packaging, as they reduce waste and support businesses in adopting greener practices. Their ability to be customized to specific packaging needs further contributes to improved packaging efficiency.
Versatility Across Industries: Elastic films are being adopted in a wide range of industries, including food, beverages, and personal care, due to their strength, flexibility, and ability to adapt to various shapes and sizes. This versatility is enhancing their popularity across multiple sectors.
Innovation and Quality Improvement: Ongoing innovations in polymer technology and material science are enhancing the performance and durability of elastic films. The development of superior materials ensures that manufacturers are equipped with high-performance, sustainable packaging solutions.

Sustainability in Packaging:

Growing environmental concerns are pushing manufacturers towards sustainable packaging solutions. Elastic films, known for their eco-friendly nature, lightweight construction, and minimal material usage, are a perfect fit for businesses aiming to reduce their environmental footprint.
The versatility of elastic films allows them to be used for various products in food, beverage, and personal care industries. They can be customized to minimize waste and enhance packaging efficiency.
The recyclability of elastic films promotes a circular economy and caters to the growing demand for eco-conscious packaging options.

Material Science Advancements:

The elastic film market is constantly innovating in material science. Manufacturers are utilizing polymer blends to improve film stretchability, strength, and durability.
These advancements provide businesses with access to cutting-edge packaging solutions that can meet diverse needs and requirements for elastic packaging.
Improved material science has significantly benefited the stretch film industry, offering materials like polymers, polyurethanes (PU), and styrene for enhanced performance and durability.

Regional Highlights:

France: The French food packaging sector is expected to see a CAGR of 1.9% due to the need for flexible packaging to protect food and the growing demand for stretch paper packaging in the pharmaceutical industry. French manufacturers are also developing eco-friendly elastic film materials.
Spain: The Spanish elastic film market is projected to exhibit a CAGR of 2.5% driven by the demand for high-quality elastic films in the personal care product industry, particularly for feminine care products. There is also a growing demand in the Spanish infant care industry for germ-proof diapers, bottle nozzles, and pacifiers.

Overall, the elastic film market presents a promising outlook. As hygiene awareness grows, the need for sustainable packaging solutions intensifies, and advancements in material science continue, the demand for elastic films is expected to remain strong.

The Major Key players Are:

Mondi plc
Golden Phoenix Fiberwebs, Inc.
Neos Italia Srl
Tredegar Corporation
Pantex International S.p.A.
Berry Global Group, Inc.
Schweitzer-Mauduit International, Inc.
Kraton Corporation
Aplix S.A.
Others

Access Full Report: https://www.futuremarketinsights.com/reports/elastic-films-market

Key Segments Profiled in the Elastic Films Industry Survey

By Material Type:

Ethylene Based Elastomers
Styrene Block Copolymers
Propylene Based Elastomers
Polyethylene Terephthalate (PET) Based

By Application:

Feminine Care
Diapers
Adult
Baby

By End Use:

Hygiene
Medical

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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North America Plasma Bottle Market Poised for Growth Amid Rising Demand for Sterile Medical Packaging

The North American plasma bottle market is set for notable expansion, with demand anticipated to grow at a compound annual growth rate (CAGR) of 4% to 5% from 2022 to 2032. This growth is attributed to heightened emphasis on sterile medical packaging for storing and transporting blood components under stringent hygienic conditions, as well as new regulatory guidelines that underscore safe and hygienic practices.

Key Market Drivers in North America

Emphasis on Blood Component Safety: Plasma bottles, designed for the hygienic packaging of non-cellular blood components like plasma, protein, and electrolytes, are increasingly in demand across blood banks, defense, and medical banks. With rising demand for sterile solutions to store and transport these critical components, the market for plasma bottles in North America is witnessing substantial growth.
Regulatory Guidelines for Blood Storage: New guidelines on Human Blood and Transfusion Services, released by the New York State Council, outline stringent standards for processing and administering plasma. These regulations highlight the importance of disinfected storage solutions, further driving the adoption of high-quality plasma bottles across the region.
Innovation in Medical-Grade Packaging: Companies are investing in advanced materials like medical-grade plastics and glass to manufacture plasma bottles that ensure sterility and durability. The focus on innovation aligns with the healthcare industry’s priority on maintaining blood quality, reinforcing the importance of reliable packaging solutions in the sector.

Market Overview

Plasma bottles, sterilized containers designed for packaging and storing non-cellular portions of blood, protein, and electrolytes, play a crucial role in various sectors such as blood banks, defense, and medical facilities. Available in a variety of sizes, these bottles are typically made of glass or medical-grade plastics.

Demand Drivers and Growth Trends:

Rising Need for Blood Transfusions: The increasing number of road accidents and other medical emergencies is driving the demand for blood transfusions and associated blood components like plasma. This, in turn, fuels the need for reliable and secure storage solutions like plasma bottles.
Medical Advancements: The growing field of medicine is leading to new therapies and treatments requiring blood plasma. This creates a need for efficient plasma collection, storage, and transportation. Plasma bottles offer a safe and secure means to meet these demands.
Product Innovation: Manufacturers are constantly developing new plasma bottle designs with varying sizes, shapes, and colors, minimizing defects and improving functionality.

Challenges and Considerations:

Stringent Regulations: Strict standards and regulations govern the development and approval of sterile medical packaging solutions. These regulations can pose challenges for market entry and product innovation.
Plastic Sustainability Concerns: Growing environmental concerns surrounding plastic waste disposal might limit the demand for plastic plasma bottles. Manufacturers are likely to focus on developing sustainable alternatives or adopting eco-friendly disposal practices.

Overall, the plasma bottle market presents a promising outlook. As the demand for blood products rises and medical advancements continue, the need for safe and efficient plasma storage solutions will remain strong. The market’s ability to adapt to evolving regulations and environmental concerns will be key to its continued growth.

Access Full Report: https://www.futuremarketinsights.com/reports/plasma-bottle-market

Key Companies Profiled

SGD Pharma
Adelphi Grou

Key Segmentation:

By Raw Material:

Glass
Type I
Type II
Plastics

By Shape:

Cylindrical
Rectangular
Tubular

By Capacity:

Up to 50ml
Up to 100 ml
Up to 250ml
Up to 500ml
Up to 1000ml
Above 1000ml

By End Use:

Pharmaceuticals
Healthcare & Medical
Research & Development
Defense
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Stability Test Chambers Market Set to Grow at 5.8% CAGR, Driven by Demand in Pharmaceuticals, Food, Electronics, and Construction

Future Market Insights (FMI) recently published a report on the global stability test chambers market, which was valued at USD 2.7 billion in 2018. The market is projected to expand at a compound annual growth rate (CAGR) of 5.8% from 2019 to 2027.

Stability test chambers are crucial in various industries, including pharmaceuticals, electronics, food and beverages, construction, and chemicals. These chambers are used to store and test products under controlled temperature and humidity conditions. Significant growth in industries like pharmaceuticals and electronics is expected to drive the demand for stability test chambers globally.

In the food industry, stability test chambers are essential for testing the quality parameters of food packaging and preservatives, especially as demand for packaged food rises globally. In pharmaceuticals, rigorous testing based on predetermined guidelines for drugs, medicines, and healthcare products is a key driver of the market. Similarly, the electronics industry uses stability test chambers to evaluate components such as semiconductors and capacitors. Additionally, the growing construction industry and the need for quality testing in cement manufacturing further contribute to the expansion of the market.

Technologically Advanced Stability Test Chambers Gaining Traction as User-friendly Variants

The stability test chambers market has grown rapidly over the past few years due to the availability of technologically advanced stability test chambers. Technological advancements, such as precise temperature & humidity control, fog-free viewing window, humidity water filtration system, and computer interface, have made stability test chambers more user-friendly.

In addition, the availability of a variety of testing chambers, such as humidity and temperature test chambers, thermal shock test chambers, and altitude test chambers, is also significantly driving the stability test chambers market. Newly added features, such as a programmable timer, audio-visual alarm, and remote monitoring, are also boosting the demand for stability test chambers.

Rapid growth in the pharmaceutical & food industries and the existence of key manufacturing players in the North America and Europe regions are also among factors propelling the demand for stability test chambers.

Key Companies in Stability Test Chamber Market Focusing on Industry-specific Instrument Development

According to the FMI analysis, Thermo Fisher Scientific Inc., and Weiss Technik North America, Inc. are among the prominent manufacturers of stability test chambers. Manufacturing and providing a wide range of stability test chambers to customers as per the industry requirements are among the key strategies followed by major players to capture a significant market share.

Some of the key manufacturers of stability test chambers are Guangdong sanwood instrument technology co.,ltd, Thermotron Inc., Falc Intruments s.r.l, Terra Universal. Inc., ESPEC CORP, Angelantoni Test Technologies, Scientific Climate Systems and Qualitest International Inc.

Key Segment

Based on Equipment Type:

humidity & temperature test chambers
thermal shock test chambers
altitude test chambers

Based on Modularity type:

Benchtop
walk-In
portable

Based on End User:

pharmaceutical and biomedical
food and Beverage
electronics, construction
other end use

Based on Region:

North America
Latin America
Europe
Japan
APEJ
Middle East & Africa (MEA)

Report Preview: https://www.futuremarketinsights.com/reports/stability-test-chamber-market

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Oily Waste Can Market Expected to Reach USD 336.4 Million by 2034, Driven by Industrial Expansion and Stringent Waste Management Regulations

The global market for oily waste cans is on a steady growth path, projected to reach USD 336.4 million by 2034, up from USD 255.2 million in 2024. This growth, at a CAGR of 2.8%, reflects rising demand from industrial sectors, including oil and gas, pharmaceuticals, healthcare, and heavy-duty manufacturing, where proper disposal of hazardous waste is critical.

Key Factors Fueling Growth in the Oily Waste Can Market

Industrial and Regulatory Drivers: With industrialization peaking globally, the need for safe disposal containers for oily rags, wipes, and other waste is increasing. In industries where flammable materials are commonplace, proper storage is essential to avoid workplace accidents. Stringent regulatory measures mandating safe disposal practices are expected to further boost demand.
Healthcare and Pharmaceutical Influence: The rapid growth in healthcare and pharmaceutical industries is contributing to an increased demand for oily waste containers, as these sectors generate significant volumes of hazardous waste that require secure handling.
Workplace Safety and Fire Prevention: Designed to dissipate heat from oil-soaked rags, these containers reduce the risk of spontaneous combustion. Their robust construction, raised bases, and self-closing lids provide a critical solution for industries aiming to maintain a safe working environment.
Eco-Friendly Disposal and Compliance Needs: With global focus on environmental safety, industries are investing in proper waste management systems. Oily waste cans support compliance with environmental regulations, helping businesses avoid penalties while enhancing safety and sustainability.

Market Dynamics

Oily waste cans, characterized by their circular shape, raised base, and self-closing lid, play a crucial role in workplace safety by facilitating proper segregation and disposal of oily waste. The market experienced a year-on-year incline of 3.4% from 2021 to 2022, indicating steady growth.

Demand Drivers and Growth Trends:

Increasing End-User Applications: Repair shops, warehousing facilities, construction sites, marinas, and various manufacturing sectors are all driving demand for oily waste cans.
Focus on Workplace Safety: Stringent government regulations and growing awareness of proper oily waste disposal practices are pushing demand for these safety-focused products.
Product Innovation: Manufacturers are constantly improving oily waste cans with features like durable construction, minimized lid openings, and user-friendly designs.

Challenges and Opportunities:

Market Competition: The increasing presence of new players in the oily waste can market could lead to price pressure.
Raw Material Cost Fluctuations: Rising costs of raw materials might impact production costs and market growth.

Regional Market Leaders:

North America: With its robust oil & gas sector and strong emphasis on workplace safety procedures, North America is expected to witness significant growth in the oily waste can market.
Europe: Stringent safety regulations and a focus on industrial safety measures position Europe as a dominant market player. Germany and the United Kingdom are anticipated to remain leaders in terms of market share.

Overall, the oily waste can market presents a promising outlook. As regulations tighten and industrial activity expands, the demand for safe and efficient oily waste management solutions is expected to rise, propelling continued market growth.

Market Competition

Some of the key participants present in the global Oily Waste Can market include Eagle Manufacturing Company, Justrite Mfg. Co., L.L.C, Shanghai SYSBEL Industry & Technology Co., Ltd., and TENAQUIP Limited, among others.

Access Full Report: https://www.futuremarketinsights.com/reports/oily-waste-can-market

Key Segments Profiled in the Oily Waste Can Industry Survey

Material Type:

Steel
Plastic

Can Lid Type:

Foot Operated Self Closing Oily Waste Cans
Hand Operated Self Closing Oily Waste Cans

Capacity:

Upto 10 Gallons
from 11 to 15 Gallons
from 16 to 20 Gallons
Above 20 Gallons

End-Users:

Auto Repair Shops
Warehouse
Construction Sites
Marinas
Machine Shops
Printing Operations
Furniture Refinishers
Manufacturing Plants

Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global Cupcake Box Market Projected to Reach USD 358.6 Million by 2034, Driven by Rising Demand Among Home Bakers and the Shift Toward Eco-Friendly Packaging

The global cupcake box market is on a steady growth trajectory, valued at approximately USD 249.4 million in 2024, and is anticipated to expand at a CAGR of 3.7%, reaching USD 358.6 million by 2034. A rise in the popularity of bakery products, coupled with the demand for personalized and sustainable packaging, is expected to fuel the growth of the market over the coming decade.

Key Growth Drivers in the Cupcake Box Market

Expansion in Home Baking: The increase in home bakers is playing a crucial role in cupcake box demand, as these boxes offer high visual appeal, making them ideal for retail and gifting. With more consumers turning to baking as a hobby or business, cupcake boxes that cater to specific size and shape requirements have become essential.
Preference for Eco-Friendly Packaging: Consumers are gravitating toward sustainable packaging solutions. Paper and paperboard cupcake boxes, especially in regions like the United Kingdom and Europe, are becoming the preferred choice over plastic due to their recyclability. This aligns with the global push for reduced plastic waste and sustainable packaging materials.
Themed and Seasonal Demand: In North America, seasonal events and baking competitions drive the demand for decorative and themed cupcake boxes. In addition, Asia Pacific’s growing retail chains and e-food delivery services amplify the need for visually appealing and durable packaging that withstands transport while maintaining presentation quality.
Growth in E-Commerce: The rapid expansion of online retail has intensified the need for safe and visually appealing cupcake boxes. Vendors are increasingly investing in e-commerce to reach new customer bases, which benefits the cupcake box market through increased sales.

Sustainability Takes the Cake!

Consumers are becoming more conscious of environmental impact, and this is influencing the cupcake box market. The growing demand for sustainable packaging solutions is expected to spur the adoption of eco-friendly cupcake boxes made from recycled or compostable materials.

The UK: A Nation of Cupcake Connoisseurs

The UK market for cupcake boxes is a prime example of this global trend. With a projected CAGR of 3.6%, the market is expected to reach a value of US$15.2 million by 2032. This growth is attributed to the UK’s high consumption of wheat flour, a key ingredient in cupcakes and other baked goods.

Overall, the global cupcake box market presents a tempting opportunity. As the demand for cupcakes continues to rise, and consumers seek convenient and sustainable packaging solutions, the market is well-positioned for a frosting-filled future!

Cupcake Box Market Landscape

Key players operating in the cupcake box market include Plastic Package, Inc., LINDAR Corporation, Napco National, Graphic Packaging International, LLC, Smurfit Kappa Group plc, and Robinson Plc. Also, Inno-Pak, LLC, Dart Container Corporation, Pactiv LLC, McLaren Packaging Ltd, and Alefh Sp z o.o. Sp. K are some of the noticeable players operating in the cupcake box market. The tier 1 players operating in the cupcake market hold around 15-20 of the global cupcake box market.

Key players operating in the global cupcake boxes market are using production facility expansion, mergers and acquisitions, and new product launches to gain a competitive edge.
Some of the recent developments in the market include:

In May 2022, the paper-based packaging company named Smurfit Kappa Group announced the expansion of its production capacity by investing in a new packaging plant in Morocco for corrugated packaging.
In November 2021, Graphic Packaging International won 12 awards at the North American PPC Carton Awards which includes- Excellence Award for their McVitie’s Jaffa cakes festive gift box.

Access Full Report: https://www.futuremarketinsights.com/reports/cupcake-box-market

Cupcake Box Market By Category
By Material:

Paper and Paperboard
Plastic

By Size:

Less than 2 oz.
2 oz. to 5 oz.
6 oz. to 9 oz.
10 oz. and above

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Horizontal Flow Wrapping Machines Market to Reach USD 2.03 Billion by 2034 Driven by High Demand for Automated Solutions

The global horizontal flow wrapping machines market is projected to witness steady growth over the next decade, with an estimated increase from USD 1,573.6 million in 2024 to USD 2,034.1 million by 2034, driven by a CAGR of 2.6%. The industry, which recorded a revenue of USD 1,518.9 million in 2023, is expected to achieve a year-on-year growth rate of 2.8% in 2024, bolstered by the rising preference for automated packaging solutions.

Market Overview

Horizontal flow wrapping machines are indispensable packaging equipment designed to wrap products in printed or clear films, providing robust sealing to flexible packaging. Equipped with wrapping laminated materials, these machines feature automatic or manual feed conveyors, delivering horizontal back seals along with top/bottom vertical seals to product packaging.

This trend is leading to a rise in the use of horizontal flow wrapping machines by food & beverage manufacturers. These machines offer several advantages, including:

Reduced packaging time
Precise and consistent packaging
Strong sealing capabilities

Challenges and Opportunities:

While horizontal flow wrapping machines offer numerous benefits, their high initial cost, electricity consumption, and maintenance expenses can be deterrents for some manufacturers. Additionally, the presence of substitutes like vertical flow wrapping machines presents a competitive challenge.

Regional Market Trends:

North America: With its growing demand for convenient, processed, and packaged food products, North America is expected to exhibit significant growth in the horizontal flow wrapping machines market. The need for fast and efficient packaging solutions for products like cookies and chocolate bars is driving the adoption of these machines.
Europe: The European market is expected to hold a substantial share due to the increasing demand for horizontal flow wrapping machines across various industries. Their compact size, reliability, and versatility in handling different product sizes make them a popular choice for European manufacturers. New product launches, such as Syntegon Technology’s Pack 202 multi-product application machine, further fuel market growth in the region.

Overall, the horizontal flow wrapping machines market presents a promising outlook with increasing automation adoption and rising demand from key industries. As manufacturers focus on innovation and cost-effectiveness, the market is well-positioned for continued growth.

Key Companies Profiled

Imanpack Packaging and Eco Solutions S.p.A.
Barry-Wehmiller Companies
Keed Automatic Package Machinery Co., Ltd.
Harikrushna Machinetech Pvt Ltd.
Robert Bosch Packaging Technology GmbH
Fuji Packaging GmbH
Paxiom Group
Foshan Coretamp Packaging Machinery Co., Ltd.

Access Full Report: https://www.futuremarketinsights.com/reports/horizontal-flow-wrapping-machines-market

Key Segments:

By Automation Type:

Automatic
Semi-automatic

By Operating Speed:

Up to 30 packs/min
31 to 50 packs/min
51 to 70 packs/min
71 to 90 packs/min
Above 90 packs/min

By End Use:

Food
Meat, Poultry & Seafood
Bakery & Confectionery
Animal Feed/ Pet Food
Seeds & Grains
Spices & Condiments
Coffee Beans
Dairy Products
Pharmaceutical
Personal Care & Cosmetics
Automotive
Electrical & Electronics
Chemical
Homecare
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global pH Meter Market to Grow at Over 5% CAGR, Driven by Rising Demand in Chemical, Petrochemical, and Healthcare Sectors

In 2018, over 1.6 million pH meters were sold globally, with a projected 4.7% year-on-year growth in unit sales for 2019. Digital pH meters are expected to account for more than 85% of total sales. According to Future Market Insights (FMI), the global pH meter market is expected to grow at a compound annual growth rate (CAGR) of more than 5% from 2019 to 2027.

pH meters play a critical role in various industries, including power, pharmaceuticals, food and beverages, mining, and oil and gas. However, the chemical and petrochemical industries are set to dominate the market due to increasing applications in petroleum refining processes. As pH becomes a crucial control parameter in these sectors, demand for pH meters is expected to rise.

The healthcare sector is also contributing to the growth of the pH meter market, with increasing use in biotechnology, hospitals, and pharmaceutical laboratories. pH meters are essential for testing whole blood platelets (WBPs) and red blood cells (RBCs) for bacterial contamination, further driving demand in medical and scientific fields.

Growing Demand for pH Meters in the Healthcare Industry
pH meters are commonly used for calculating the pH of whole blood PLTs (WBPs) as they are important equipment used in surrogate tests of bacterial infection. pH meters are also used to stop the transfusion of bacterially contaminated WBPs and RBCs. Hence, the demand for pH meters in the biotechnology filed, as well as in hospitals and pharmaceutical laboratories, has witnessed rapid growth. These are also among the major factors propelling the pH meter market across the globe.

Government Regulations Vis-à-vis Water and Wastewater Treatment Boost Demand for pH Meter
The report has cited high demand for pH meters within multiple industrial sectors in North America and Europe, owing to strict regulations by respective governments pertaining to the industrial sector.
Asia Pacific excluding Japan is expected to hold a prominent share of the global pH meter market over the forecast period. Increase in spending by governments and organizations to cope with the rapidly growing urbanisation, water policies, the implementation of safe water principles, as well as numerous international protocols & policies to ensure water safety, are some of the factors that are estimated to fuel the growth of the pH meter market in the Asia Pacific excluding Japan region.
In the Middle East & Africa, the pH meter market is estimated to grow significantly as the World Health Organization has published stringent guidelines pertaining to the obtainability of safe water for the public, as Middle East Africa has the lowest number of people with access to safe drinking water. Governments in the Middle East Africa region are focusing on refining the quality of water, which is another parameter fuelling the growth of pH meter market in the Middle East Africa. These are some of the factors fuelling the growth of the market across the globe.

Tier-1 Manufacturers in pH Meter Market to Emphasize Strategic Acquisitions
According to the FMI analysis, Mettler-Toledo, Emerson Electric Co. and Thermo Fisher Scientific are among the prominent manufacturers of pH meters. Developments and innovations in pH meters, along with developing relations with customers and a rising number of acquisitions, are among the prominent strategies followed by the manufacturers of pH meters.
Some of the key manufacturers of pH meters are Endress + Hauser Digital Labs GmbH, Hanna Instruments, Omega Engineering, Agilent Technologies, PerkinElmer, ThermoWorks, WTW inoLab, Beckman Coulter, Metrohm, Contech, Sartorius AG, Hach.

pH Meter Market: Segmentation

On the basis of end use

food & beverages
pharmaceutical & hospitals
biotechnology
chemical & petrochemical
environmental research
educational institutes
water & waste water management

On the basis of product type

digital
analogue

On the basis of modularity

portable
benchtop pH meters

Report Preview: https://www.futuremarketinsights.com/reports/ph-meter-market

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Global Aquafeed Enzymes Market Set to Surpass USD 804.5 Million by 2034 | Future Market Insights, Inc.

Aquafeed Enzymes Market.png

According to Future Market Insights (FMI), the worldwide Aquafeed Enzymes market is valued at USD 483.0 million in 2024 and it is anticipated to reach USD 804.5 million by 2034. Over the next decade, global Aquafeed Enzymes demand is likely to increase at a CAGR of 5.2%.

There’s an expanding potential of boosting aquafeed’s nutritional value through research and innovation. To develop breakthrough enzyme-based solutions that can boost feed efficiency, minimize waste, and support sustainable aquaculture approaches, companies have invested money on research and development.

Cargill unveiled a new innovative aquafeed brand named AquaPro, while BioMar established a research collaboration with the University of Edinburgh. Skretting also confirmed the opening of a new R&D center in Norway.

Manufacturers are constantly innovating new enzyme blends to improve aquafeeds’ nutritional composition and digestibility. Enzymes such as lipases, cellulases, amylases, and proteases, for instance, are utilized to enhance feed component breakdown and increase the accessibility of nutrients for aquatic life.

Enzymes like phytase improve nutrient availability in plant-based feeds, while proteases enhance protein digestion in fish feed.

The industry is expected to be stimulated by the increased demand for aquafeed enzymes in developing countries, where the aquaculture industry is expanding substantially.

Understanding the Aquafeed Enzymes Market

The aquafeed enzymes market plays a crucial role in the aquaculture industry by enhancing the nutritional value and digestibility of feed, leading to improved growth rates and health in aquatic species. Enzymes like proteases, phytases, and carbohydrases are commonly used to break down complex nutrients in feed ingredients, making them more accessible for absorption by fish and shrimp. This not only boosts feed efficiency but also reduces environmental impact by minimizing waste output. The growing demand for sustainable and cost-effective aquaculture practices is driving the adoption of enzyme-based feed additives, as producers seek to optimize production and meet the rising global demand for seafood.

The market is influenced by various factors, including advancements in enzyme technology, increased awareness of the benefits of enzyme supplementation, and stringent regulations on the use of antibiotics in aquafeed. Companies in the industry are continuously innovating to develop enzymes that are more effective under a range of aquaculture conditions, such as varying water temperatures and salinity levels.

Regional Insights into the Aquafeed Enzymes Market

Countries	Market Value (2034)
China	USD 144.8 million
India	USD 96.5 million
Indonesia	USD 64.4 million
Brazil	USD 40.2 million
Norway	USD 28.2 million

Key Takeaways from the Aquafeed Enzymes Report:

The global Aquafeed Enzymes market is expected to reach a valuation of USD 804.5 million by 2034.
Global demand for Aquafeed Enzymes is likely to soar at 5.2% CAGR over the forecast period.
East Asia is projected to hold a dominant value share of 36.4% in the global market by 2034.
India market is estimated to witness a value CAGR of 4.9% during the projection period.

“The aquafeed enzymes market is poised for significant growth, driven by the increasing demand for sustainable and efficient aquaculture practices. Enzymes enhance feed digestibility and nutrient absorption, reducing waste and environmental impact. With rising global seafood consumption and advancements in feed technology, the market is expected to expand, offering lucrative opportunities for industry players”, says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Prominent Drivers of the Aquafeed Enzymes Market

The aquafeed enzymes market is driven by the rapid expansion of the aquaculture industry, fueled by the increasing demand for seafood as a healthy and sustainable protein source. As fish farming grows to meet global consumption needs, there is a heightened focus on improving feed efficiency and reducing environmental impact. Enzymes in aquafeed enhance nutrient digestibility, boost growth rates, and cut waste production, making aquaculture more cost-effective and sustainable. The shift towards plant-based ingredients in aquafeed also necessitates specific enzymes to break down complex plant materials, further driving market growth.

Sustainability and environmentally friendly farming practices are also key drivers of the aquafeed enzymes market. Regulatory bodies and consumers are increasingly demanding greener production methods, encouraging the use of enzymes that reduce the need for antibiotics and other chemical additives. These enzymes help optimize feed conversion ratios, lower feed costs, and minimize the ecological footprint of aquaculture operations. Technological advancements in enzyme production and the development of tailored enzyme solutions for different species and feed compositions are further propelling the market, solidifying the role of aquafeed enzymes in sustainable aquaculture.

Who is Winning?

Leading Aquafeed Enzymes Brands

Kemin Industries
ADM Animal Nutrition
American Biosystem
Creative Enzymes
DSM (Koninklijke DSM N.V.)
Hostazym X (Huvepharma)
BASF SE (Nutrition BASF)
Ab Vista
Weifang Yuexiang Chemical Co., Ltd.
Chaoyang Starzyme Bioengineering Co., Ltd
Bestzyme Bio-Engineering Co., Ltd
Biolaxi
Nippon Koi Farm
Aumenzymes
Others

These companies are focusing on research and development, sustainable sourcing, and new formulations. They are also emphasizing environment-friendly practices and product certifications to satisfy the increasing demand for natural and sustainable ingredients.

For instance,

MiAlgae launched Omega 3 products derived from algae for aquafeed and pet food in April 2023, introducing their NaturalAlgae powder with a high concentration of DHA and other oils.
Skretting, the world’s largest fish feed manufacturer, partnered with Zooca Calanus to develop a copepod-based aquafeed, leveraging Zooca Calanus’ expertise in processing the nutrient-rich marine copepod Calanus finmarchicus.

Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Aquafeed Enzymes market presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the Aquafeed Enzymes market based on enzyme type (protease, amylase, lipase, non-starch polysaccharidases, phytase, glucose oxidase, and lysozyme), form (liquid and powder), and aquatic animal (carps, crustaceans, molluscs, tilapias, catfish, salmon, and others (sturgeons, paddlefishes, etc.) across various regions.

Explore the full report for expert analysis.

Key Segments of Market Report

By Enzyme Type:

As per enzyme type, the market has been categorized protease, amylase, lipase, non-starch polysaccharidases, phytase, glucose oxidase, and lysozyme

By Form:

As per form, the market has been categorized into liquid and powder

By Aquatic Animal:

This segment is further categorized into carps, crustaceans, molluscs, tilapias, catfish, salmon, and others (sturgeons, paddlefishes, etc.)

By Region:

Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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