Market Research Blog – Page 9152 – New Product Development

Parchment Paper Market growing at a CAGR of 5.8% for 2021-2031

Future Market Insights (FMI) predicts this trend to be extremely crucial for parchment paper market growth. As per its analysis, sales are expected to surge at 5.8% CAGR between 2021 and 2031. Thanks to expansion of food service sector, the market is forecast to surpass a valuation of US$ 1.6 Bn by 2031.

Parchment paper usage has caused a significant reduction in sales for clamshell boxes through the food industry. To decrease the global carbon footprint and its impact, key players have started adopting greener ways for working towards environment compliance.

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Parchment paper consumption has risen in the last decade through rising application in bakeries, restaurants, packed food, food deliveries, and take-away. Moreover, stringent environment rules are being applied across many countries to reduce dependency on non-biodegradable materials, combining all these, sales of parchment paper are anticipated to witness significant surge during the forecast period.

FMI forecast has that the future demand and sales of parchment paper will be definite and will continue increasing. Factors such as increase in middle class family income, environmental regulations, convenience factor, coupled with advancements in recycling processes will exponentially increase the parchment paper sales globally.

Key Takeaways from Parchment Paper Market

By product type, unbleached paper segment is ahead and leading the market. With its sustainability and recyclable nature, the segment is anticipated to hold more than 55% market share during the forecast period.
On basis of basis weight, 40-60 GSM is most preferred in the market due to its durability, safety and hygienic properties. The segment is anticipated to increase 1.97 times during next 10 years.
Among end users, ready-to-eat meal segment will witness an incremental rise of US$ 293 Mn, due to rise of disposable income of middle class families in emerging economies.
Sales in the U.S. is expected to surge at a steady rate, accounting for over 75% of the North America market in 2021.
While China is expected to remain the leading market in East Asia, thanks to expansion of food service sector, growth in South Korea will unfold at a greater pace.

“The consumption of ready to eat products and fast foods is rising globally. Increasing application in the food and food services has created opportunities for parchment paper manufacturers to maximize their sales. Increasing emphasis on safe and recyclable paper is anticipated to redefine the parchment paper market growth” says FMI analyst.

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Focus on Sustainable Packaging Solutions Augmenting Parchment Paper Sales

Parchment papers are primarily used to pack food products without hampering the product quality. Parchment paper as a packaging solution is the most efficient way of packing food products to be delivered or stored over a period of time without disrupting the shelf-life of the product.

In the last decade, the popularity of parchment paper has reached new heights. It has emerged at a convenient option for working families to store food. Technological advancement associated with parchment paper is one of the key factors that has raised the bar parchment paper as a packaging solution.

Benefits such as variance in size to cater to specific customer requirements and others are helping the market gain momentum. Manufacturers in bakery & confectionary and ready-to-eat meals segments have started to provide a variety for products which will attract busy and hectic lifestyle of millennials. Parchment paper has emerged as a flexible, sustainable, and convenient solution for packing a variety of food items.

The packaging industry is currently focusing on the reduction in using clamshell as a primary packaging source to reduce logistical costs. This growing adoption of parchment paper over clamshells is likely to strengthen the market growth during the foreseeable future.

Impact of COVID-19 on Parchment Paper Market

Global crisis of COVID-19 pandemic had negative impact on the sales of parchment paper. Lack of availability of raw pulp and paper materials in paper mills has halted the manufacturing process of parchment paper. Lockdown in t regions such as Oceania, Europe, South & East Asia and North America has induced considerable impact on the manufacturing of parchment paper.

Also, supply chains were disrupted and strict guidelines led to a complete closure of manufacturing plants for months. In general, the sales for parchment paper nearly halted during the lockdown. But during the last few months of the year 2020, supply chains were restored and trade routes re-opened due to which target market has begun gaining traction.

Who is Winning?

Georgia-Pacific Corp., METSA Tissue, Ahlstrom-Munksjo Oyj. are the top players operating in the parchment paper market. Furthermore, Delfort Group AG, Cosmoplast, JK Paper, Nordic Paper and Kalpataru Papers LLP are also the noticeable players in the parchment paper market. The Tier 3 players in the market hold 70-75% in the global parchment paper market. In conclusion, key players contribute almost 25-30% of the global market.

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Parchment Paper Market by Category

By Product Type:

Bleached Parchment Paper
Unbleached Parchment Paper

By Basis Weight:

Less than 40 GSM Parchment Paper
41 to 60 GSM Parchment Paper
61 to 80 GSM Parchment Paper

By End Use:

Bakery and Confectionary
Ready-to-Eat Meals
Fresh Produce
Others

By Region:

North America
Latin America
Europe
MEA
East Asia
South Asia
Oceania

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

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Corrosion Protection Tapes Market reaching US$ 1.8 Bn by the year 2031, at a CAGR of 4.4%

The global corrosion protection tapes market is likely to join the bandwagon of exponential growth between 2022 and 2031 at a CAGR of 4.4%, reaching US$ 1.8 Bn by the year 2031.

Corrosion protection tapes are surface protection tapes infused with anti-corrosive materials which are covered around metal components suitable for wide-ranging usage in various industries. According to a new Future Market Insights (FMI) report, the corrosion protection tapes market is set to grow at a 4.5% CAGR.

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Corrosion protection tapes protect metal surfaces against corrosion and UV rays. These products offer various features including water resistance, easily applicability, and high shear resistance on welded joints and bends.

Also, corrosion protection tapes are cost-effective as compared to other adhesive alternatives which led to higher user adoption in the industrial sector. In recent years, corrosion protection tapes are gaining popularity due to high adhesive strength and excellent resistance to rust.

The sales and consumption of corrosion protection tapes is estimated to increase owing to the expansion of industries such as chemicals, automobiles, and building & construction in next decade.

Benefits offered by corrosion protection tapes include excellent electro insulation, flame retardant properties, and temperature resistance, which is projected to experience significant demand in the global market.

Key Takeaways from Corrosion Protection Tapes Market

PVC is a high-strength thermoplastic material that is widely used for making anti-corrosion tapes. It is estimated to lead the market accounting for more than 50% by the end of 2031.
The building and construction segment is expected to offer an incremental opportunity of US$ 216 Mn in the next decade, with fitting and sealing applications supporting growth.
Germany and the U.K have emerged as major markets in Europe, supported by the availability of production facilities, accounting for 14.4% and 13.5% of the market in 2021.
The U.S. accounts for 84% of the North America market, driven by robust supply chains in the industry.
China holds the lead in East Asia accounting for more than 63% of the region on the back of a burgeoning construction sector.

“Market leaders and small-scale manufacturers in the corrosion protection tapes market are likely focusing on expanding production capacities and presence in emerging economies. Industrialization recorded in emerging nations, will creative attractive opportunities for corrosion protection tapes sales,” says an FMI analyst.

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Key Segments Covered In Corrosion Protection Tapes Industry Research

By Material, Corrosion Protection Tapes market is segmented as:

Poly Vinyl Chloride (PVC)
Polyethylene (PE)
Polypropylene (PP)
Rubber

By End-use, Corrosion Protection Tapes market is segmented as:

Building & Construction
Chemical
Electrical & Electronics
Automobile
Aerospace & Defence
Marine

Impact of COVID-19 on Corrosion Protection Tapes Market

Amidst the COVID-19 pandemic, the corrosion protection tapes market went through a moderate slump as demand for corrosion protection tapes is largely derived from industrial sectors like building and construction, automobile, chemical, and others.

Rigorous lockdown in several regions including North America, East and South Asia, and Europe has created a negative impact on these industries in terms of demand and supply. Lesser demand generation for corrosion protection tapes was witnessed amid the COVID-19 period.

Recovery from the current pandemic is anticipated to maximize the sales of corrosion protection tapes in the years to come.

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Who is Winning?

3M Company, Nitto Denko Corp., and Berry Global Inc. are the top players operating in the corrosion protection tapes market. Furthermore, include Shurtape Technologies, LLC, Coroplast Fritz Müller GmbH & Co. KG, W. W. Grainger, Inc., Scapa Group plc are some of the leading players in the market.

Tier 3 players include DEHN + SÖHNE GmbH + Co. KG., PSI Products GmbH, and VANOS S.A hold 70-75% of the global corrosion protection tapes market share. In conclusion, key players contribute almost 25-30% of the global market.

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Analysis of Cavendish Banana Market, historical trends, and forecasts through 2031

According to the report, the Cavendish banana market is poised to surpass US$ 16.52 Bn by 2021. Consumers’ interest to stay fit they is making them adopt healthy eating habits is driving the market. Moreover, Cavendish banana are highly portable, easy to consume as well as available, making it a popular on-the-go snack.

Change in consumers’ preference and increasing focus on health and wellness will favor sales of Cavendish banana. Nowadays consumers are engaged in a sedentary lifestyle and have little time to cook healthy food at home. As snacking and consuming comfort food have emerged as a more viable option, they are likely to look for a healthier alternatives. Future Market Insights (FMI) identifies this to be a key factor supporting growth of the Cavendish banana market in a new study.

Also, banana is a part of many ethnic cuisines in African, Latino, Pacific Island, and Asian countries, and Cuba, Puerto Rico, and other Caribbean islands. The large variety of ethnic foods derived from bananas, along with the increasing interest among global consumers in diverse, exotic cuisines, bode well for the Cavendish banana market.

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Furthermore, with the rising sedentary lifestyle, there has been strong demand for highly nutritious products to fulfill dietary requirements. Coupled with the introduction of these nutritious foods as a superfood, manufacturers are developing novel products with innovative superfoods such as turmeric, banana, kiwi, and many more to provide exotic flavor as well as superior nutritious value.

Within the Cavendish banana market, conventional Cavendish banana will continue accounting for maximum sales in the market. According to the report, it will hold the dominant share of 92% in the market in 2021 in terms of value.

Key Takeaways from the Cavendish banana Market Study

The global Cavendish banana market will register a CAGR of 4.2% in terms of value between 2021 and 2031. The Cavendish banana is consumed on a large scale due to its multifunctional benefits, a trend which is expected to continue through the forecast period
Rising demand for healthy on-the-go snacks will enable the U.S. account for over 87% of sales in North America in 2021
High spending power of consumers will enable the U.K. market to register over 6% y-o-y growth in 2021
Germany and France are expected to register increasing Cavendish banana within Europe
Expansion of hotel, restaurant, and café (HoReCa) sector will support growth in China, followed by South Korea and Japan

“While farmers conventionally chose fertilizers and pesticides to improve yield, they are gradually shifting towards more sustainable practices. Reduced fertility and health concerns posed by these conventional methods have pushed farmers to explore more environmental-friendly methods. Also the consumer interest has tipped scales in favor of products with non-GMO certification, which will have a significant influence on farming practices undertaken to grow and cultivate Cavendish banana,” said a lead analyst at FMI.

The health benefits offered by the Cavendish banana is fueling the market demand. According to the World Health Organization (WHO), diarrhea is the second-largest cause of death in children under five years old. Each year, 525,000 children die from this disease. Malnutrition is the major cause of diarrhea.

Doctors and patients are more inclined towards the consumption of bananas in place of anti-diarrhea medications owing to the higher effectiveness of bananas even in cases of C. diff infection. The administration of bananas in diets has been helping patients to control diarrhea. Owing to this benefit, many pharmaceutical companies have come up with banana-related products to treat diarrhea. Hence, this health beneficial factor helps drive the demand for bananas from the pharmaceutical industry.

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Who is Winning?

To reduce the environmental impact and costs, players in the global Cavendish banana market are striving to reduce the usage of water. Throughout the supply chain of bananas, water has application in three main stages, i.e. cleaning of the fruit after harvest, pools holding bananas for selection, and lastly for removing latex.

It was noted that around 150 liters of water is needed to produce one box of bananas. Key players in the market like Dole’s New Millennium Packing Plant in Costa Rica have reduced the water consumption to 18 liters per box with the inclusion of water recycling techniques. Emerging players are expected to follow these trends in order to make their supply chain more environment-friendly and efficient.

A few of the leading players operating in the Cavendish banana market are: All Nippon Airways Trading Co Ltd., Exporganic S.A., DISCOVERY ORGANICS, Salix Fruits, Agroexport Carmita, Union de Bananeros de Uraba, GinaFruit S.A., Chiquita Brands International Sàrl, Dole Food Company, Fresh Del Monte Produce Incorporated, Pisum Food Services Private Limited, Reybanpac, Rey Banano del Pacífico C.A., and other players.

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Cavendish banana Market by Category

By Product Type

Organic Cavendish Banana
Conventional Cavendish Banana
Organic Fairtrade Cavendish Banana
Conventional Fairtrade Cavendish Banana

By Application

Food and Beverage Processing
Cosmetic and Personal Care
Pharmaceutical & Supplements
Animal Feed
Other Industrial
Foodservice (HoReCa)
Household (Retail)

By Sales Channel

Direct sales
Indirect Sales
- Modern Trade
- Convenience Store
- Departmental Store
- Online Retailers
- Traditional Grocery Store
- Other sales Channel

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Stretch Wrappers Market : Overview, Data Updates, Reports Analysis & Forecast | FMI

The Stretch Wrappers Market research report highlights diverse segments of the market analysis that today’s business ask for. By utilizing few steps or a number of steps, the process of generating this market research report is started with the expert advice. The Stretch Wrappers Market report covers explanation about the detailed market analysis with inputs from industry experts. Being a third-party report, Stretch Wrappers Market analysis report is more unbiased and hence provides a better picture of what is really happening in the market.

The global stretch wrappers market is all set to witness a linearly progressive simulation, reaching US$ 710.4 Mn by the year 2031 at a CAGR of 5.6%.

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Stretch wrappers, as the name suggests, are basically used for wrapping the goods to the pallet with stretch film. Stretch wrappers are specialized wrapping machines used to pick and handle pallet loads of random heights of variable weight. Goods and products are placed on the pallets wrapped firmly, so that the goods remain at their positons and don’t move during the shipment.

Some of the most celebrated companies operating in the Stretch Wrappers Market are eyeing on existing opportunities. For instance, with its SILKWORM, a patented robotic stretch wrapper technology and an output ranging from 85 to 200 pallets/hour, BEMA S.r.l. has become an established reality in the international market. It has truly modernized the concept of stretch wrapping.

Stretch Wrappers Market Landscape–Phoenix Wrappers, Inc., Reo-Pack A/S, Lantech, Inc., Orion Packaging Systems LLC., Millwood, Inc., Signode Industrial Group, LLC, Aetnagroup S.p.A., Wulftec International Inc., ARPAC LLC, Cousins Packaging, Inc., Atlanta Stretch Spa, UNITECH SRL, BEMA SRL, Innova Maquinaria Industrial S.L, Tosa spa, DNC packaging Machinery, Movitec Wrapping Systems, SL, Strema B.V., PAGLIERANI s.r.l., FROMM Group, Matco International Gevelsberg GmbH, Messersì Packaging S.r.l., ATECMAA PACKAGING, Technowrapp srl, Rees Machinery Group Ltd, Hangzhou Youngsun Intelligent Equipment Co., Ltd., K M Trivedi Engineering Pvt. Ltd., Easypac Systems, Multi Pack Machinery Company, PACKWAY INC

The Tier 3 players in the market hold 50-60% in the global stretch wrappers market. In conclusion, key players contribute almost 40-50% of the global demand.

Effective packaging is considered imperative across industries since their revenue wholly depends on the conditions of the product delivered. Millions of dollars have been spent by various manufacturers over the last few decades in the research and development of innovating new technologies, which will help reducing the use of manual labor. According to Future Market Insights (FMI), focus on advanced packaging techniques will rise in the future, paving way for the expansion of the stretch wrappers market.

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With the introduction of robotic arms in the packaging industry, manufacturers are nowadays seeing a rise in efficiency with a reduction in labor costs. The technology can also help the save time. As more businesses recognize the advantages of advanced technologies, the demand for stretch wrappers will rise, enabling the market to exhibit a CAGR of 5.8% in terms of value between 2021 and 2031.

Investment in technological upgrades will continue rising, as the demand for stretch wrappers grows in food & beverages, pharmaceuticals, and tissues industries. As per FMI, the food and beverages sector will remain the chief end user, especially since ensuring that hygienic and quality food reaches consumers is of paramount importance.

Key Takeaways from Stretch Wrappers Market

Stretch wrappers market will consistently expand to reach a valuation of US$ 710 Mn by 2031
Focus on automation will fuel the demand for robotic stretch wrappers across industries in the U.S.
The expanding pharmaceutical sector of the U.K. will emerge as a key end user
Germany and France will remain highly lucrative markets for stretch wrappers sales within Europe. Rising demand for effective food and pharmaceutical packaging will aid growth
China’s bustling food service sector will present a highly attractive market for stretch wrappers sales

“As a result of industries inclining towards the adoption of atomized packaging systems, the demand for stretch wrappers will rise. Choosing the right stretch wrapper can enhance customer satisfaction as well as help businesses save cost incurred on packaging processes. With more businesses realizing these benefits, the demand for stretch wrappers is expected to rise,” says FMI analyst.

Key Segments Covered in Stretch Wrappers Industry Research–Stretch Wrappers Market By Machine Type (Turntable, Ring, Robotic, Rotary Arm), Order Type (Customized, Standard), End-use (Food & Beverages, Pharmaceuticals, Tissue) & Region – Forecast 2022-2031

Stretch Wrappers Market by Region

North America
Latin America
Asia Pacific Excluding Japan (APEJ)
Western Europe
Eastern Europe
Middle East and Africa (MEA)
Japan

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The report would help leaders/new entrants in this Stretch Wrappers Market in the following ways:

This report segments the Stretch Wrappers Market comprehensively and provides the closest market size projection for all sub segments across different regions.
The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for Stretch Wrappers Market growth.
This Stretch Wrappers Market report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes product launches and developments, collaborations, contracts and acquisitions.

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A Comprehensive Analysis of the Yeast-based Spreads Market by leading research firm 2031

According to a new study by Future Market Insights (FMI), an increasing number of market players are expected to focus on fulfilling the aforementioned claims to gain impetus amid rising competition. Driven by these factors, the yeast-based spreads market is expected to reach US$ 398.8 Mn in 2021. Yeast-based spreads sales are surging in response to the rising demand for vegan, vegetarian, gluten-free, dairy-free, halal, natural, kosher, and fat-free food items.

Among various products available in the market, the demand for marmite is forecast to increase considerably. Marmite is expected to account for over 30% sales in terms of volume in the market in 2021. Rising focus on health and wellness will create opportunities for sales of various types of yeast-based spreads. Among claims producers offer, gluten-free will be highly sought-after.

The rising prevalence of gluten intolerance and the increasing demand for dairy free products will continue enabling sales in the market.

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Key Takeaways from Yeast-based Spreads Report

Yeast-based spreads market is expected to rise at above 8% CAGR between 2021 and 2031
Rising prevalence of obesity and diabetes will push demand in the U.S., enabling it account for more than 75% of sales in North America
The rising demand for dairy-free bakery will enable the U.K. market to exhibit 4.6% Y-o-Y growth in 2021
Expansion of the vegan food sector will support growth in France and Germany
Expansion of retail sector will create growth opportunities in Japan and South Korea

“Rising demand for healthy snacking options will enable sales of yeast-based spreads. This trend will continue especially as consumers seek healthier food options with claims such as organic, non-GMO, gluten-free, and others,” said a lead analyst at FMI.

Health Benefits of the Yeast-Based Spreads Favours the Market Positively

Yeast-based spreads are considered to be healthy as they have a high content of B-Vitamins. B-Vitamins help in the normal functioning of the brain and nervous systems. And yeast-based spreads products such as Marmite have a high amount of B-Vitamins. They also contain niacin, riboflavin and thiamine, as well as magnesium, calcium, potassium, iron and selenium, all of which are considered to be healthy essentials for a human body. Yeast-based spreads being a healthy alternative favours the yeast-based spreads market positively which increases the growth of the market.

Veganism Boosting the Yeast-Based Spreads Market

Yeast-based spreads are vegan products. The Vegetarian Society has certified products such as Marmite “100% Vegetarian”. The increased numbers of consumers who have turned to veganism or partly participating in the vegan trend are also boosting the yeast-based spreads market in the foreseen period. The vegan food trends are at a fast pace due to the new technological innovations which are making non-vegans adopt or try these new vegan products such as Yeast-based spreads as they are more nutritious than the other counterparts.

Diverse Applications of Yeast-Based Spreads Driving Sales

Yeast-Based Spreads are no longer considered just to be a breakfast option had with bread. Though yeast-based spreads are becoming general as a companion product for bread during breakfast time, these are increasingly used to facilitate convenience in preparing other dishes. Spreads are widely being used at corporate lunches, and convenience snacking times, dining events, apart from the conventional breakfast. For instance, Yeast-based Spreads can be used as a bakery filling and with cold dishes for lunch or dinner, savoury spreads can be used in pizza and pasta. The versatility of yeast-based spreads is thus, expected to drive the growth of the yeast-based spreads market over the forecast period.

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Increasing Consumption of Yeast-based Spreads as a Flavor Enhancer

The shift among manufacturers from artificial ingredients to natural ones has resulted in the manufacturers finding alternatives for MSG which is manufactured synthetically and is used in numerous food products. This has led to a growing demand for yeast products as a food flavour enhancer. This is more popular in the developed countries as the consumers as well as food processing manufacturers are well aware of the products that are available in the market and the products that are in the development phase. Also, the consumption of processed food products has increased owing to the changing lifestyle of the consumers and the increase in urbanization. This has also increased the demand for yeast-based spread as a food flavour enhancer which is leading to an increase in the market growth of the yeast-based spreads market in the forecast period 2021-2031.

Expansion of HoReCas Creating Sales Opportunities

In Oceania and European countries where there is a larger market of yeast-based spreads, if there is a rise in the number of retail chains and HoReCa chains then the demand for the yeast-based spreads would be increased too which in turn will propel the yeast-based spreads market in the forecast period 2021-2031.

Who is winning?

Numerous companies in the yeast-based spreads market have brought in different strategies to stay ahead in the competition. For instance,

In 2017, Bega Cheese, one of the key players of the yeast-based spreads market developed a new strategy to reduce its cost by stopping all the third-party contracts. This helped them to reduce the costs of the manufacturing

Some of the other companies are focusing on improving their product portfolio. For instance,

In 2019, Mars acquired Foodspring, a company based in Berlin which deals with direct-to-consumer targeted nutrition company

Some of the leading companies in the yeast-based spreads market are Mars Foods, Unilever Plc., All Natural Foods of Stirling, Nature’s Blend, Jardox Ltd., Sanitarium Health & Wellbeing, Bramwells, AussieMite, Marmite (New Zealand), Oxo (food), VITAM, Bega Cheese, and Three Threes Condiments Pty. Ltd.

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Yeast-based Spreads Market by Category

Product Type

Aussiemite
Cenovis
Marmite
Marmite (New Zealand)
Oxo (food)
Promite
Vegemite
Vitam-R
Others

Nature

Organic
Non-GMO
Conventional

End-Use

Food Services
- Hotels
- Restaurants
- Cafes
Business to Consumers
- Hypermarkets/Supermarkets
- Convenience Stores
- Mom & Pop Stores
- Discount Stores
- Food Specialty Stores
- Independent Small Groceries
- Online Retail
- Other Retail Formats

Claims

Vegan
Vegetarian
Gluten-Free
Dairy-Free
Halal
Natural
Kosher
Fat-Free
Others

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Powdered Cellulose Market Advanced Research and Growth Opportunities by Leading Firm 2031

According to a Future Market Insights (FMI) report, changing consumer behaviour will result in high demand for powdered cellulose in the coming years. The study predicts the market’s valuation to surpass US$ 180 Mn by 2021. Changing consumer diet style and sedentary lifestyles are often associated with concerns and diseases related to lifestyle changes. In order to overcome these problems, consumers are turning their attention to preventive healthcare and consuming nutritious foods and healthy diet for the benefit of their health and wellbeing.

Powdered cellulose is derived from various natural sources such as softwood/hardwood pulp, cotton linter, bamboo and many more in the list, which contains rich source of dietary fiber. Owing to the unique functionalities such as emulsifier, stabilizer, thickener and many other, powdered cellulose are significantly used in bakery products, frozen desserts, beverages, dairy products and more.

According to FMI, the food and beverages industry will emerge as the chief end user, accounting for a little below 22% sales register in 2021. Besides this, the rising demand from construction, pharmaceutical, and other industries will continue supporting the expansion of the market.

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The FMI studies deeply into the dynamics to offer remarkable insights into powdered cellulose market. Some of these are:

Powdered cellulose market will register above 6% CAGR between 2021 and 2031
The U.S. has emerged as a key market, accounting for over 60% sales in North America
The increasing demand from various industries will enable the U.K. market exhibit a little below 4% y-o-y growth in 2021
The expansion of food and construction sectors will support growth in Germany and France
China will lead East Asia, thanks to the rising demand from the food industry

“Higher focus on healthy eating have attracted attention towards ingredient list of food products. In general there is higher demand for food products containing ingredients derived from natural sources. This has resulted in increasing use of powdered cellulose as emulsifier and gelling agents in sauces and mixes. The demand for powdered cellulose will therefore continue increasing through the forecast period.” said a lead analyst at FMI

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Application of Powdered Cellulose in the Construction Industry to Surge

Fine fibrous structure powdered cellulose consisting minerals and metallic oxides is finding increasing application in the construction sector. During the welding function powdered cellulose protect from oxidation. Therefore it helps to improve the stability and welding function.

Furthermore, owing the functionality as coating and gelling agent, powdered cellulose is used in tile adhesives, cement renders, putty powder, and others. Manufacturers are using powdered cellulose in various construction and welding materials because it improves the operation time. Increasing use in the construction sector will continue supporting expansion of the market.

Who is winning?

Some of the key players operating in powdered cellulose market Jelu-Werk J. Ehrler GmbH & Co. KG, J. Rettenmaier & Söhne GmbH + Co KG, CFF GmbH & Co. KG, Mikro-Technik GmbH & Co KG, InterFiber Sp. Z.O.O, Ankit Pulps and Boards PVT. LTD., Accent Microcell Pvt. Ltd., Central Drug House (P) Ltd, NB Entrepreneurs, Natural Fiber Solutions and many others. These players are actively involving in changing market strategy, production capacity and other developments to gain competitive advantage.

For instance:

J. Rettenmaier & Söhne Company, installed its production and business plant in China in 2017.
In 2016, InterFiber expand its supplier network in Chicago and Philippines to expand its business operations

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Powdered Cellulose market by category

Grade

Food Grade
Pharmaceutical Grade
Industrial Grade

Functionality

Thickener
Stabilizer
Emulsifier
Gelling
Coating Agent
Others

Source

Soft and Hard Wood Pulp
Cotton Linter Pulp
Bamboo
Wheat Straw Pulp
Other Sources (oats, etc.)

End Use

Food & Beverage Industry
- Bakery & Confectionery
- Meat & Poultry Product
- Sauces & Dressings
- Beverages
- Processed Food
- Dairy Products
- Others
Pharmaceuticals
Cosmetics
Construction Industry
Chemical Industry
Leather Industry
Textile Industry
Paper Industry
Others

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania

Frequently Asked Questions

Which is most lucrative market for powdered cellulose market?
Which grade of powdered cellulose is used widely?
Which is the key function of powdered cellulose?
Which are some of the top companies offering powdered cellulose market?
Who is the leading end user of powdered cellulose?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

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Leadership Development Program Market to reach US$ 7410 Mn by the end of 2032

The leadership development program market is expected to exceed US$ 2,805.2 Mn by 2022, projecting growth at an impressive CAGR of 10.2% during the forecast period 2022-2032. Demand for leadership development programs is rapidly increasing across the educational institutions and corporate sectors, owing to the growing importance of these courses & programs in improving productivity, and building better teams, and nurturing future leaders.

Attributed to this, these upscaling & skills development programs are increasingly being used for training interns and junior employees across organizations and educating students across colleges & other educational institutions. This is estimated to assist the leadership development program market to total US$ 7,410 Mn by the end of 2032, in comparison to the US$ 2,547.3 Mn registered in 2021.

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There is a rapid surge in the trend of e-learning across the globe, driven by the increasing penetration of mobile devices & internet and introduction of innovative technologies such as digital simulations, virtual reality, and others. Hence, increasing availability of online programs integrated with such advanced technologies is likely to favor the sales of leadership development in the global market.

Due to the growing complexity in the corporate world and rising presence of MNCs, several corporate leaders are focusing on providing free leadership development programs for upscaling employee standards, building productive teams, and promoting better decision making. Driven by such developments, the global leadership development program market is expected to create an absolute dollar opportunity of US$ 4,604.8 Mn by 2032.

Key Takeaways:
The U.S. is expected to account for maximum revenue share in the North America market, owing to the presence of large number of colleges and universities.
The U.K. is anticipated to register growth at a robust CAGR, owing to the increasing adoption of leadership development programs by corporate companies.
India is estimated to account for a significant share in the South Asia market, driven by the growing introduction of participant-based leadership development programs in the country.
On the basis of mode of learning, in-person learning is forecast to emerge as a highly remunerative segment, exhibiting growth at 8% CAGR through 2032.
Among the program participant vertical, the student segment is projected to expand at a rapid pace, driven by increasing student inclination towards acquiring leadership skills.

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Competition Landscape

Key providers of leadership development program in the global market are aiming at introducing novel programs as per the participant’s requirement. Also, some of the companies are entering into collaboration, merger, acquisition, and agreements to strengthen their footprint in the market. For instance,

In January 2022, Jaro Education, an EdTech company based in India, announced introducing a novel leadership development program for the mid to senior level employees, covering aspects strategic planning, leadership style, group dynamics team management, and others. This will assist the company to increase its market share in the India market.
In June 2021, the Center for Creative Leadership, a U.S-based provider of executive education announced launching online version of its flagship Leadership Development Program (LDP) for assisting mid-level leaders to address various challenges.

Key Players

Articulate Global Inc.
City & Guilds Group
D2L Corp.
Franklin Covey Co.
GP Strategies Corp.
Interaction Associates Inc.
Learning Technologies Group Plc
Miller Heiman Group Inc.
Jaro Education
Skillsoft Ltd.
Wilson Learning Worldwide Inc.
Cegos
Dale Carnegie Training
AchieveForum
American Management Association
BTS
Center for Creative Leadership
Global Knowledge
GP Strategies
Harvard Business Publishing
Linkage
The Ken Blanchard Companies
VitalSmarts
Others

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Key Market Segments Covered in Leadership Development Program Market Research

By Learner Type :

Group/ Small Team Learners
Individual/ Private Learners

By Program Participants :

Business-Owners
Junior/ Entry-Level Employees
Managers
Mid-Level Employees
Senior Executives
Students

By Mode of Learning :

Online Learning
In-Person Learning

By Duration :

Less Than 1 Week
1 Week To 1 Month
More Than 1 Month

By Region :

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

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IT Asset Disposition Market is anticipated to reach US$ 31.8 Billion in 2032

According to a recent study done by Future Market Insights, the IT asset disposition market is expected to reach US$ 31.8 Billion by 2032, up from US$ 15.6 Billion in 2022, expanding at a high CAGR of 7.4%. This study explains that factors such as the strict data security compliance with environmental regulations, need to store assets in inventory for remarketing, the need to maximize asset value recovery, and the growing usage of electronic devices such as mobiles, laptops, and tablets for enterprise usage are expected to accelerate the market growth during the forecast period.

The major factor that is expected to propel the growth of the IT Asset Disposition Market during the forecast period includes the awareness of conserving the environment. In addition, the IT asset disposition market has been witnessing significant growth over the past years, mainly owing to regulatory compliances, and the growing need to prevent data breaches.

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The market is further driven by the vast amounts of e-waste, the need for safe methods of disposing of e-waste, and environmental policies which are followed by industries. The surging adoption of new technologies and BYOD trend is also expected to considerably boost the IT asset disposition market in the coming years. Moreover, the increase in need for data and information security in old assets acts as one of the major factors fueling the growth of IT asset disposition market during the forecast period.

Key Takeaways from the Market Study

Global IT asset disposition market to be valued at US$ 15.6 Bn by 2022-end
The U.S to account for the highest value share of US$ 11.4 Bn of global market demand for IT Asset Disposition Market in 2032
From 2015 to 2021, IT Asset Disposition demand expanded at a CAGR of 8.1%
By asset type, the servers category constitutes the bulk of IT asset disposition market with a CAGR of 7.1%.

Competitive Landscape

Players in the global IT Asset Disposition Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In August 2020, CompuCom (US) and Office Depot (US) partnered to provide a suite of IT hardware and service offerings for small and mid-sized businesses to support their remote workplaces. Companies with between 50 and 1,500 users can access a range of services, including remote IT support, on-site hardware and software repair, and eco-friendly disposal of IT equipment.
In February 2020, Dell Technologies (US) entered an agreement with Symphony Technology Group (STG), Ontario Teachers’ Pension Plan Board (Ontario Teachers’), and AlpInvest Partners (AlpInvest) to acquire RSA. RSA provides risk, security, and fraud teams with the ability to holistically manage digital risk, including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention.
In July 2019, TES (Singapore) acquired Integrations et Services (I&S) (France), a leading provider of configuration to order, staging, and IT deployment services across France and mainland Europe, to deliver integrated end-to-end IT lifecycle solutions while also helping its clients manage the complexities and risks that are inherent in them.

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Know More About What the IT Asset Disposition Market Repost Covers

Future Market Insights offers an unbiased analysis of the global IT Asset Disposition Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

Key Segments Covered in the IT Asset Disposition Market Study

IT Asset Disposition by Service

IT Asset De-Manufacturing and Recycling
IT Asset Remarketing and Value Recovery
IT Asset Data Destruction/Data Sanitization
IT Asset Logistics Management and Reverse Logistics
Other Services

IT Asset Disposition by Asset Type

Computers/Laptops Disposition
Servers Disposition
Mobile Devices Disposition
Storage Devices Disposition
Peripherals Disposition

IT Asset Disposition by Organization Size

IT Asset Disposition for SMEs
IT Asset Disposition for Large Enterprise

IT Asset Disposition by End User

IT Asset Disposition in Banking, Financial Services, and Insurance (BFSI)
IT Asset Disposition in IT and Telecom
IT Asset Disposition in Educational Institutions
IT Asset Disposition in Healthcare Industry
IT Asset Disposition in Aerospace and Defense
IT Asset Disposition in Public Sector and Government Offices
IT Asset Disposition in Manufacturing
IT Asset Disposition in Media and Entertainment
IT Asset Disposition in Other Industries

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IT Asset Disposition by Region

North America IT Asset Disposition Market
Latin America IT Asset Disposition Market
Europe IT Asset Disposition Market
Asia Pacific IT Asset Disposition Market
Middle East and Africa IT Asset Disposition Market

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Indoor Location Market is expected to accumulate a market value of US$ 28,500.5 Million-FMI

Indoor Location Market: An indoor location is a system used to locate people or objects inside a building with the help of radio waves, acoustic signals, magnetic fields, and other sensory information which are collected through mobile devices. Indoor location is a tracking of any object which is present in indoor and also known as indoor localization.

Indoor positioning system advanced technology is used for tracing objects which can locate objects or humans situated in a company with the help of radio waves or acoustic signals collected by handheld devices including mobile phones, and other devices.

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Indoor Location Market: Drivers & Restraints

The major factors driving the growth of indoor location market are consistent support to governments for confirming public safety, increased usage of smartphones, and inadequacy of GPS technology in indoor locations. Moreover, rising usage of smartphones with innovative mobile applications, mobile commerce, trend of digitalization, and technological advancements are boosting to the growth of the indoor location market.

In addition, the government awareness to have improved positioning technology for urban security segment and public safety are enhancing the demand for indoor location solutions. In indoor location market, professional services are majorly crucial and comprise solutions offered by the service providers to increase the awareness and growth of indoor location solutions and technology for attracting customers to stores and navigation.

In terms of indoor location services segment, this segment is accounting a high adoption rate in the overall indoor location market owing to its requirement to flow with shifting technology that can be used for advance development in the market.

Indoor Location Market: Regional Outlook

Regarding geography indoor location market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. The indoor location market is expected to register healthy CAGR during the forecast period. North America is experiencing the rapid increase in the adoption of indoor location as a demand for customized indoor location solutions owing to the increasing use of proximity-based solutions in the retail sector in the region is rising at faster pace.

The North American region continue to account a significant share in overall indoor location market due to usage of mobile media by enterprises for promoting services and products and the increasing adoption of location-enabled searches by individual users. Indoor location market for Asia Pacific is also expected to witness steady growth during the forecast period primarily attributed to the growth of indoor location technologies coupled with demand for customization in offerings, especially in China and India.

Indoor location Market: Key Players

Some of the key players identified in the indoor location market are:-

Apple Inc.
Broadcom Corporation
CISCO Systems Inc.
Ericsson, Google Inc.
Microsoft Corporation
Motorola Solutions
Nokia Corporation
STMicroelectronics N.V.
Qualcomm.
Others

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Regional analysis include

North America (U.S., Canada)
Latin America (Brazil, Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Rest of Western Europe)
Eastern Europe (Poland, Russia, Rest of Eastern Europe)
Asia Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC countries, S. Africa, Rest of MEA)

Indoor Location Market: Market Segmentation

The Indoor Location market is segmented into six parts based on the service type, technology type, by software tools type, end-users type, application type, and geography.

Based on the service type the indoor location market is segmented into:

Manages services
Professional services

Based on the technology type the indoor location market is segmented into:

RF based (Wi-Fi/BLE)
Sensor and Tag Based
Others (Satellite/Remote Sensing and Microwave)

Based on the software tools type the indoor location market is segmented into:

Software Tools
Visualization (Indoor Maps, Monitoring, & Navigation)
Location Analytics
Context Accelerator
Others (Data integration & ETA, database management system)

Based on the end-use type indoor location market is segmented into:

Transportation
Hospitality
Entertainment
Shopping
Public Buildings
Others

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IGBT Market is expected to exceed US$ 12.5 Bn by 2032

IGBT Market Dynamics

The international IGBT market is currently expanding and exhibits significant potential across numerous industrial sectors. The need for improved power cycling capacity and thermal capacity, as well as rising government incentives, are the main factors propelling the growth of the global IGBT market.

These regions also have a growing demand to replace aging power infrastructures. In addition to these, rising consumer demand for energy-efficient electronics, IGBTs’ capacity to boost a variety of electronics’ performance, as well as their ability to play a significant role in the technological advancement of power electronics, have all contributed to the market’s expansion.

Lack of awareness, high costs, a high initial investment, the absence of stable device characteristics in high temperatures, and the slowdown in the economy are some of the factors limiting the growth of the global IGBT market. On the whole, though, it is anticipated that these restrictions will have little effect on the market. Future deployment of the smart grid will present an opportunity for the global IGBT market, helping to expand it.

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IGBT Market Segmentation

The global IGBT market is divided into segments based on regions, types, and applications. The electric and hybrid electric vehicles (EV/HEV), industrial motor drives, traction, transportation, HVAC, renewable energy, UPS, series compensation, and other applications are the sub-segments of the global IGBT market based on applications.

The demand for EV/HEV among these applications is anticipated to drive the growth of the global IGBT market during the anticipated period. The global IGBT market is also benefiting from the green energy sector’s quick growth. The market is divided into IGBT modules and discrete IGBT based on type.

Geographically, seven global regions make up the IGBT market: North America, Latin America, Asia-Pacific (Japan excluded), Japan as a separate region, Western Europe, Eastern Europe, and the Middle East and Africa Region.

In terms of market value, the Europe region currently dominates the global IGBT market, with Germany and the United Kingdom driving market expansion. With China’s and Japan’s technological advancements, Asia-Pacific is predicted to have the fastest growth during the anticipated period.

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The IGBT market in both countries is also anticipated to expand. The markets for IGBT in North America and the other remaining regions are both expected to be very promising. The growth of the global IGBT market will be further fueled by demand in the Middle East region.

IGBT Market Key Players

Key players in the Global IGBT market include Fujitsu Ltd., Infineon Technologies AG, STMicroelectronics N.V., NXP Semiconductors N.V., Vishay Intertechnology, Fairchild Semiconductor International, Inc., Toshiba Corporation, Inc., ROHM Co. Ltd., Fuji Electric Co. Ltd, and Renesas Electronics Corporation, among others.

These key players are following the trend of large-scale collaborations and partnerships. These strategies will be beneficial for them in expanding their global footprints and increasing global market share.

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