Platelet Rich Plasma Market is projected to expand at a steady 6% CAGR through 2031

In a recent market survey, ESOMAR-certified consulting firm Future Market Insights (FMI) forecasts an impressive growth outlook for the platelet-rich plasma (PRP) market. The market valuation reached US$ 370.78 Mn in 2021 and is poised to expand at a 6% CAGR through 2031.

Growth registered in the platelet-rich plasma market is attributable to increasing applications of PRPs in various procedures such as cosmetic, orthopedic, neurological, and maxillofacial treatments. Increasing awareness regarding the advantages of platelet-rich plasma in wound healing and tissue regeneration will further propel sales in the market.

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PRP is being widely used in cosmetic surgeries aimed at improving facial structure and aesthetics, such as skin texture, and color. In addition, PRP is gaining wide acceptance as a key ingredient used in microneedling, botox treatments, acne scar removal, and laser treatments, which is spurring demand in the market.

Besides this, usage of PRPs in orthopedic treatments is fostering market sales, owing to its cost-effectiveness and negligible side effects. PRPs are increasingly finding application in joint pain treatment, cartilage reconstruction, fracture treatments, and other arthritic treatments.

With rising incidence of cosmetic procedures and sports-related injuries in countries including the U.S, the U.K., and Germany, the market is anticipated to garner significant revenue over the forecast period.

Intensive research and development, coupled with the prevalence of leading market players will further augment platelet-rich plasma market growth, with expansion at 12.4% by volume.

Additionally, growing investments in healthcare infrastructure and increasing disposable income will provide tailwinds to platelet-rich plasma sales in counties such as India, China, Brazil, and South Korea, shaping the demand outlook positively.

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Key Takeaways from Platelet Rich Plasma Market Survey

– Based on product type, pure platelet-rich plasma (P-PRP) will dominate the segment, due to advanced wound healing properties and cost-effectiveness.
– Autologous platelet-rich plasma will account for maximum sales in the origin segment, with high applications in treatment of nonhealing ulcers.
– In terms of application, cosmetic procedures, surgical and non-surgical, will dominate the segment.
– The U.S. is projected to lead sales of platelet-rich plasma due to increasing incidence of cosmetic surgeries in the country.
– The U.K. will provide lucrative growth opportunities for leading players with intensive research and development in the country aimed at PRP product innovation.
– Germany will emerge as a profitable market for global and regional players, owing to an influx of patients seeking PRP-based treatments in the country.
– Increasing investments in healthcare infrastructure in India, along with growing awareness regarding advantages of PRP will augment market growth.
– Japan and South Korea will account for 5% of the total market share.

Competitive Landscape

Harvest Technologies Corp., Zimmer Biomet Holdings Inc., Arthrex, Inc., Arteriocyte Medical Systems, Inc., Dr. PRP America, Cesca Therapeutics, Inc., and Regen Lab SA are among the prominent players operating in the global platelet-rich plasma market. As per FMI’s analysis, tier-1 players will account for 15-20% of the total market share.

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

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Protein A Resins Market is projected to reach US$ 1.2 Bn by 2031 registering a CAGR of 8.1%

According to a Future Market Insights (FMI) study, the global Protein A Resins Market was valued at US$ 536.6 Mn in 2020 and is projected to reach US$ 1.2 Bn by 2031, registering a CAGR of 8.1% over the forecast period (2021-2031)

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Researches conducted on monoclonal antibodies and development of biosimilar drugs will drive the demand for protein A resins. Need for advanced and accurate biosimilars to reduce the risk of cancer across the globe is encouraging research on monoclonal antibodies.

As per FMI, demand for protein A resins is increasing in contract manufacturing organizations (CMO). Favorable research initiatives and funding in CMOs for the manufacturing of monoclonal antibodies will provide impetus to the growth in the market.

The outbreak of COVID-19 accelerated the sales of protein A resins as development of monoclonal antibodies for the treatment of virus increased. Apart from this, demand for natural protein A resins in the purification of monoclonal antibodies burgeoned during the FQ-20.

As natural protein A resins help in minimizing ligand leaching and provide stability to traditional protein A resins, key players are increasing the adoption to for advanced research purposes. On the back of this, demand for natural protein A resins is expected to surge in biopharmaceutical manufacturing companies over the forecast period.

As per FMI, sales of protein A resins for antibody purification will account for maximum share during the forecast period. Rising cases of cancer and other chronic diseases have increased the need for developing monoclonal antibodies for therapeutic uses.

Hence, biopharmaceutical manufacturing companies are actively seeking strategic partnerships and mergers with other key players to launch new products, therapeutic drugs, and gain competitive edge in the industry.

“Steered by increasing demand for biosimilar and monoclonal antibodies for therapeutic use, biopharmaceutical manufacturing companies are increasing investments in research and development activities to push biologics production. This is expected to create lucrative growth opportunities for market players,” says an FMI analyst.

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Key Takeaways:

  • The U.S. is expected to dominate the North America’s protein A resins market, holding over 93.5% market share
  • The U.K. will account for nearly 24.1% of market share across Europe due to increasing number of biopharmaceutical companies focusing on development of biosimilar drugs
  • China is expected to register growth at 9.8% CAGR in East Asia owing to the increasing use of biomaterials in drug research
  • Sales of protein A resins across Japan are expected to increase at 7.8% CAGR during the forecast period
  • Based on matrix type, agarose based matrix of protein A resins will account for over 85.8% market share in 2021
  • Biopharmaceutical manufacturers are expected to be the primary end-users, accounting for 79.2% market share in 2021

Prominent Drivers:

  • Growing demand for therapeutic antibodies and extensive research on monoclonal antibodies will boost the market
  • Increasing prevalence of cancer has encouraged medical professionals for extensive research on the production of monoclonal antibodies for therapeutic use. This is propelling the demand in the market

Key Restraints:

  • High cost of resins and lack of skilled research analysts are expected to restrict the growth in protein A resins market

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Competitive Landscape

Key players are collaborating with end users and other regional players to strengthen their global presence. Some of the market players are focusing on product launches to capitalize on growing demand for monoclonal antibodies from biopharmaceutical companies. For instance:

  • In September 2021, Purolite, a global manufacturer of resin-based chromatography separation, purification, and extraction technologies, announced the commercialization of two novel next-generation chromatography resins.
  • In March 2020, Avantor Inc., global provider of mission-critical products and services to customers in the life-sciences, announced a new recombinant Protein A affinity chromatography resin, PROchievA, used to purify antibodies during mAbs production.

Leading players operating in protein A resins market profiled by FMI include:

  • GE Healthcare
  • Thermo Fisher Scientific
  • Kaneka Corporation,
  • JNC Corporation
  • Purolite Life Sciences
  • Bio-Rad Laboratories, Inc.
  • JSR Corporation (JSR Life Sciences LLC)
  • Repligen
  • Tosoh Bioscience, Merck Group (Merck Millipore)
  • Novasep Holdings SAS, Agilent Technologies, Inc.
  • GenScript, Abcam PLC (Expedeon Ltd.)
  • Avantor Inc.
  • Takara Bio, PerkinElmer, Inc.
  • Suzhou Nanomicro Technology Co., Ltd
  • Others

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More Insights on FMI’s Protein A Resins Market

The latest market study on the protein A resins market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to offer a better perspective of the global protein A resins market, its growth trajectory, trends, and opportunities, the market is segmented on the basis of:

By Product:

  • Natural Protein A Resin
  • Recombinant Protein A Resin

By Matrix:

  • Agarose Based Matrix
  • Glass or Silica Based Matrix
  • Organic Polymer Based Matrix

By Application:

  • Immunoprecipitation
  • Antibody Purification

By End-User:

  • Biopharmaceutical Manufacturers
  • Clinical Research Laboratories
  • Academic Institutes

Key Questions Covered in Protein A Resins Market Report 

  • The report offers detailed insights into protein A resins market demand outlook for 2021-2031.
  • The market study also highlights projected sales growth for protein A resins market between 2021 and 2031.
  • Protein A resins market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
  • Protein A resins market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.

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

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Specialty Active Pharmaceutical Ingredients (API) Market is expected to surpass US$ 478.52 Bn by 2032 At a CAGR of 8.6%

The Specialty Active Pharmaceutical Ingredients (API) Market is expected to surpass US$ 478.52 Bn by 2032, is predicted to grow at 8.6% CAGR through 2032

The global Specialty Active Pharmaceutical Ingredients (API) Market reached US$ 152.5 Bn in 2019, up by 8.5% in 2018.

Increase in the prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disease has boosted the demand for specialty active pharmaceutical ingredients (API).

Manufacturers are on continuous lookout to produce new small molecule APIs. This is expected to give an impetus to the specialty active pharmaceutical ingredients (API) market during the forecast period.

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Increasing investments in the specialty active pharmaceutical ingredients (API) market by key players and new technology development for low-cost production of generic drugs are the major factors expected to drive the market growth.

Key Takeaways of Specialty Active pharmaceutical ingredients (API) Market Study

  • Increasing demand in the production of generic drugs is likely to fuel demand for small molecules
  • Europe, followed by North America, is expected to be the most lucrative region and account for a notable revenue share of about 29% in the global specialty active pharmaceutical ingredients (API) market in 2020 and trend is expected to continue owing to large number of drugs going off-patent during forecast period.

High patient population and growing pharmaceutical contract manufacturing organizations in Asian countries is expected to propel the growth of the specialty active pharmaceutical ingredients (API) market in the region

“Continuous focus on the development of low-cost specialty active pharmaceutical ingredients (API) and increasing incidence of infectious and metabolic diseases around the world are expected to propel the growth of the global specialty active pharmaceutical ingredients (API) market,” says an FMI Analyst.

Increasing Research Collaboration – Imperative Strategy for Market Players

Manufacturers are now focusing on discovering and developing new drug candidates through research collaborations and license agreements for the treatment of cardiovascular diseases, lung diseases and the other chronic diseases.

For instance, in March 2020, Bayer signed a research collaboration and license agreement with Indian drug discovery firm Curdev to discover novel drug candidates.

Specialty API Market Witnessing a Paradigm Shift

Shift of Specialty API Market from Type I DMFs (Drug Master Files) to Type II DMFs is expected to further drive market growth. Type II DMF drug encloses drug substances, substance materials and intermediates used in drug product’s penetration.

Extensive DMF filings are reflected through API manufacturers envisaging the steep increase in demand for outsourcing intermediates or APIs. DMF filings could also be attributed to growing investments for enhancing production facilities on the part of manufacturers based in Asia Pacific.

Also, regulatory agencies such as SAHPRA, Brazilian Health Regulatory Agency, MHRA, TGA, and U.S. FDA are in a DMF approval mode; thereby acting as another driving factor.

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Covid-19 to Stall Short-term Momentum

The outbreak of Covid-19 has not left any vertical untouched,  and specialty API market is no exception. Certain manufacturers are dependent on China for APIs. This influx has slowed down due to this ongoing pandemic. The trend is expected to continue at least for the next few months till manufacturers come up with an alternative to by in sync with the “new” normal.

What else is in the report?

Future Market Insights offers a unique perspective and actionable insights on specialty active pharmaceutical ingredients (API) market in its latest study, presenting historical demand assessment from 2015 – 2019 and projections from 2020–2030 based on product type (small molecules, peptides, carbohydrate drugs and steroidal drugs), by consumption (in-house and outsourced) in seven key regions.

Key Segments of Specialty Active Pharmaceutical Ingredients (API) Market

Product Type

  • Small Molecules API
    • Controlled Substances API
    • HPAPI
  • Peptides API
  • Carbohydrate Drugs API
  • Steroidal Drugs API

Consumption

  • In-house
  • Outsourced

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Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa
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About Future Market Insights (FMI)

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

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Anti-Ageing Products Services and Devices Market is predicted to increase at a rate of over 5.20% CAGR | By 2031

The demand for Anti-ageing market goods, services, and technology is predicted to increase at a rate of over 5.20% CAGR between 2021 and 2031, according to Future Market Insights (FMI). Market expansion will be fueled by rising demand for minimally invasive procedures like chemical peels for wrinkles and others. provides comprehensive assessment of the most important market dynamics. By conducting a thorough research on the historic as well as current growth parameters of the Anti-ageing market, growth prospects for the market have been obtained with maximum precision. The report features unique and salient factors that may make a huge impact on the development of the Anti-ageing market during the forecast period. The report will also help market players to modify their manufacturing and marketing strategies to envisage maximum growth in the Anti-ageing market in the upcoming years. The report provides detailed information about the current and future growth prospects of the Anti-ageing market in the most comprehensive way for the better understanding of readers.

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Chapter 1 – Executive Summary

The report commences with the executive summary of the Anti-ageing market report, which includes the summary of key findings and key statistics of the market. It also includes the market value (US$ million) and estimates of the leading segments of the Anti-ageing market. This also includes key differentiating strategies applied by market leaders.

Chapter 2 – Market Introduction

Readers can find detailed information on taxonomy and definitions of the Anti-ageing market, related products, applications and distribution channels in this chapter, which will help readers to understand the basic information about the Anti-ageing market dynamics included in the report.

Chapter 3 – Opportunity Analysis

This chapter provides readers with information about the most important macroeconomic and microeconomic factors that will be instrumental in shaping the Anti-ageing market. This chapter will allow readers to understand the critical market dynamics and relevant revenue opportunities to be captured by players.

Chapter 4 – Market Background

This chapter includes the analysis of the key drivers, challenges, trends and opportunities for market players in the Anti-ageing market. With the help of an overview of the global market for anti-ageing products, supply chain analysis and Porters five force analysis have been done in the chapter. This chapter will help readers to get introduced to the important factors complementing the growth of the Anti-ageing market.

Chapter 5 – Key Inclusions

This chapter details the regulatory scenario affecting product approvals and time to market across leading regions, such as North America and Europe. It also includes the statistics, by procedure type, in the anti-ageing market adopted in leading countries. This is expected to give a clear understanding on market value derivation.

Chapter 6 – Global Economic Outlook

This chapter details the global economic outlook denoted by comparative assessment of gross domestic product by region and country over the period 2006-2021. It also includes insights on global healthcare indicators.

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Chapter 7 – North America Anti-ageing Market Analysis 2013–2017 and Forecast 2018–2028

This chapter includes detailed analysis of the growth of the North America Anti-ageing market along with the country-wise assessment, including for the U.S. and Canada. Readers can also find information on regional trends, regulations and market growth based on product type, application type and distribution channels for Anti-ageing products in the North American region.

Chapter 8 – Latin America Anti-ageing Market Analysis 2013-2017 and Forecast 2018-2028

Readers can find detailed information about factors, such as key regulations and regional trends, which are impacting the growth of the Latin America Anti-ageing market. This chapter also includes the growth prospects for the Anti-ageing market in leading Latin American countries, such as Brazil, Mexico and rest of the Latin American region.

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About Future Market Insights (FMI)

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

Contact:

Future Market Insights, Inc.

Christiana Corporate, 200 Continental Drive,

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Antibodies Market is Forecast to Reach a Valuation of US$ 601.614 Billion by the end of 2031

According to Future Market Insights, a leading market research and competitive intelligence provider, the Antibodies Market will grow at a 21x pace in upcoming decades, surpassing US$ 601.614 Billion by the end of 2031.

As per FMI studies, the leading players in the antibodies market include F. Hoffmann-La Roche Ltd., AbbVie Inc., Johnson & Johnson Services, Inc., Amgen Inc., and Bristol-Myers Squibb Company. These key players together account for 3 out of 4 sales of antibodies across the globe.

According to the reports of the National Stem Foundation (NSCF), about 4% of the global population is affected by some sort of autoimmune disease. The most common autoimmune diseases are diabetes, multiple sclerosis, Crohn’s disease, and rheumatoid arthritis. Due to these chronic diseases, the demand for antibodies market is estimated through the roof.

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Key Insights

Antibodies are essential for treating medical conditions including autoimmune diseases, cancer, and several types of neurological diseases. Immunoglobulin (IG) is a type of antibody that is used for the prevention of lower respiratory tract infections and diseases caused by the vaccinia virus. Rising cases of viral infection will drive the demand for antibodies.

The prevalence of autoimmune diseases is on the rise, and they also have the potential to act as a host for multiple chronic ailments. Owing to these factors, the demand for antibodies is forecast to increase in upcoming years.

The COVID-19 pandemic boosted the demand for antibodies as patients suffering from COVID-19 were highly susceptible to contracting various other ailments and, in some cases, triggered autoimmune diseases in the patient.

Novel biosimilar antibody manufacturers are slashing their prices to compete with branded antibody manufacturers, especially in the European market. With the expiration of patents of renowned products, a boost in demand for biosimilar antibodies can be expected in upcoming years.

A reasonable hike in research and development activities among healthcare and pharmaceutical market leaders are working towards developing effective and economical antibodies and biosimilar antibodies, propelling growth in the market.

Parkinson’s and Sclerosis diseases are on the rise among older people which is a key factor fueling the demand for antibodies. There is an urgency to develop cheap and personalized medicines, novel and effective treatments, and advanced therapeutics in middle-income countries which is expected to positively influence the sales of antibodies.

The widespread application of antibodies in chronic disease treatment is accelerating which is predicted to create scope for market expansion in the near future.

Competitive Landscape

Novartis AG, F. Hoffmann-La Roche AG, Johnson & Johnson, Takeda Pharmaceutical Company Limited, Amgen Inc., Biogen Inc., Bristol-Myers Squibb Company, AbbVie Inc., Sanofi SA, Eli Lilly, and Co. are some of the key companies profiled in the full version of the report.

Future Market Insights (FMI) has found that market players are working towards developing new antibodies to treat cancer and other diseases. They are also researching to create long-acting antibody drugs to reduce healthcare costs.

In order to gain a competitive edge in the antibodies market, key players are developing oral and noninvasive treatments using antibodies to treat chronic ailments. Strategic mergers and acquisitions for portfolio expansion are in the cards as well.

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More Insights into Antibodies Market

The United States is considered the dominant market in the North American region owing to modern healthcare infrastructural facilities and the presence of leading market players in the country. An increase in government funding and elevated purchasing power is expected to drive growth in the market.

The GCC countries led by Saudi Arabia are increasingly focusing on research and development on early diagnosis and screening of cancer to elevate the survival rate and chance of successful treatment. The contribution of antibodies is significant in this research. Hence, propelling growth in the market.

The development and production of antibodies are on a rise in China and are expected to surge significantly owing to increasing government investment in drugs and development coupled with growing awareness about various medical ailments like rheumatoid arthritis, cancer, and infections.

The Indian antibodies market is anticipated to grow at a rapid pace owing to rising cases of cancer and cardiovascular diseases along with the development of the healthcare system in the country. According to the reports of the Global Cancer Observatory, 1.322 million new cancer cases were registered in India in 2020, while 2.72 million people had cancer for 5 years. A surge in cancer patients will drive the demand for monoclonal antibodies for cancer treatment.

Key Segments Covered in Antibodies Market Study

By Disease Indication

  • Cardiovascular diseases
  • CNS disorders
  • Cancer
  • Autoimmune Disorders

By Product Type

  • Monoclonal antibodies
  • Polyclonal antibodies
  • Antibody-drug complexes (ADCs)

By End User

  • Hospitals
  • Long-term Care Facilities
  • Research institutes

By Region

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

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Table of Content

1. Executive Summary

2. Assumptions and Acronyms

3. Research Methodology

4. Antibodies Market Overview

4.1. Introduction

4.1.1. Antibodies Market Definition

4.1.2. Antibodies Market Taxonomy

4.1.3. Antibodies Market Product Type Overview

4.1.4. Overview

4.2. Antibodies Market Dynamics

4.2.1. Drivers

4.2.2. Restraints

4.2.3. Opportunity

4.3. Regulations

5. Global Antibodies Market Forecast

5.1. Market Value (US$ Mn) Forecast

5.1.1. Y-o-Y Growth Projections

5.1.2. Absolute $ Opportunity

5.2. Antibodies Market Trends

5.2.1. Market Share, By Region

5.2.2. Market Share, By Product Type

5.2.3. Market Share, By End User

5.2.4. Market Share, By Disease Indication

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About Future Market Insights (FMI)

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

Contact:

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Industrial Robot Controller Market Is Expected To Register Steady Growth, Expanding At 8.9% CAGR- Get Insights FMI

As per Future Market Insights (FMI), the demand in the global industrial robot controller market is projected to surge at a robust CAGR of 8.9% during the forecast period 2022-2029.

The U.S. is estimated to dominate the North America industrial robot controller market over the assessment period. Increasing adoption of robotic process automation and industrial robots such as four-axis robotic arms by leading original equipment manufacturers (OEMs) and medium-sized enterprises (SMEs), is encouraging market players to launch advanced industrial robot controllers.

According to the report’s findings, the global commercial robot controller market will witness significant growth over the forecast period, propelled by means of growth in the adoption of Human device interaction (HMI), records & cloud capabilities enhancing hardware manipulation, and optimization of industrial robot value.

Market gains have also been bolstered by strong growth in the automotive and electronic & semiconductor industries, two major demand generators in the industrial robotics landscape.

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East Asia’s Industrial Robot Controller Market Set for Incremental Growth

According to the recent studies, while South Korea remains a prominent country in the robot per 10,000-employees’ ratio, China is projected to witness a see monumental growth. India being a fast-growing economy is expected to contribute a fair share in the industrial robot controller market during the assessment period, for the fact that industrial ecosystems of India are on the brink of a massive makeover.

Japan also commands a significant share in the industrial robot controller market, owing to the high penetration rate of automation in the country. Rapid transition of these countries towards robotic automation is further creating new opportunities for adoption of robotic controllers, thereby making East Asia a lucrative region for the industrial robot controller market players.

Software Based Technology Advancements and Cost Optimization Merging

Key players active in the industrial robot controllers market will benefit from the growing preparedness of industrial ecosystems for the impending ‘fourth industrial evolution’ and its after effects. Smart components and software’s such as sensors and controllers are the future of automation; industrial robot controller is one of the competence for robot manufacturers as all the electromechanical systems needed to be controlled.

Over the forecast years, human machine interaction is expected to be a growing trend that aims to bring robot and human anatomy closer. simultaneously, bridging the gap between a robot and control system.

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Industrial Robot Controller Market by Category

By Axis Type:

  • Single Axis
  • Four Axis
  • Six Axis
  • Other Axis

By Robot Type:

  • SCARA Robot
  • Delta Robot
  • Cartesian/Gantry Robot
  • Articulated Robot
  • Collaborative Robot
  • Dual Arm Robot

By Region:

  • Americas
  • EMEA
  • South Asia & Pacific
  • East Asia

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

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Europe Building Automation Systems Market to Display Impressive Growth of 7.0% with Rising Demand | FMI

As per EU regulations, the overall energy performance of commercial and residential buildings needs to be improved, as 40% of total energy consumption is accounted for by the building sector. In the U.K., growth of building automation systems market is largely backed by the regulations imposed by the European Union to promote energy efficiency in buildings. In 2018, as a part of the ‘Clean Energy for all Europeans’ package, the EU set a new target to cut reduce energy consumption by 32.5% by 2031.

During the forecast period, the market growth will be accelerated by the quick development of building automation systems as well as the emergence of connective technologies like artificial intelligence, machine learning, and cloud computing. According to FMI, the market will expand at a strong 7.8% CAGR from 2021 to 2031.

Between 2020 and 2021, the global market for building automation systems grew 7.0% year over year after absorbing the effects of the unprecedented COVID-19 outbreak.

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Building automation systems allow machines and devices to communicate with one another in order to manage and streamline daily operations in the commercial, industrial, and residential sectors. BAS sales will continue to benefit from rising tenant demand for convenience and comfort in modern residential spaces.

Aside from that, the emergence of smart cities in a number of countries is increasing demand for building automation systems. These systems improve energy efficiency, water and gas supply, lighting, temperature control, and security and surveillance in both residential and commercial buildings.

“Government-backed initiatives to encourage the development of smart buildings, coupled with post-sales assistance and services offered by market players will positively shape the demand outlook in the building automation systems market,” says the FMI analyst.

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Key Takeaways:

  • Building automation system services are estimated to dominate the product segment.
  • Sales of security and surveillance building automation systems will remain high through 2031.
  • Applications of building automation systems in commercial sector will continue gaining momentum.
  • The U.S. is expected to witness high demand for building automation systems, owing to expansions in the residential and commercial sector. FMI projects the North American market to grow at a positive 7.2% CAGR.
  • Growth prospects in the U.K. are projected to be bright, due to stringent government regulations regarding energy efficiency and conservation. The European building automation systems market is poised to expand at a 7.0% CAGR.
  • China will emerge as an attractive market, owing to government initiatives promoting the development of smart cities.
  • South Korea and Japan will collectively account for 7% of the total market share.

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Competitive Landscape

Honeywell International, Schneider Electric, Siemens AG, ABB, Johnson Controls, Plc, Delta Electronics, Inc., Eaton Corporation, Bosch Rexroth, Emerson, AVASGLO Group, Signellent Technologies (India) Pvt. Ltd., Comnatz Thailand Company Ltd, Deos AG, MCS Automation Technology Company Ltd., and Philips Lighting are some prominent players operating in the building automation systems market profiled by FMI.

As per FMI’s analysis, top 5 players in the building automation systems market comprise Siemens AG, Honeywell International, ABB, Schneider Electric, and Johnson Controls, plc, accounting for 44% of the total market share.

As per FMI’s in-depth regional analysis, the U.S. is anticipated to witness high demand for building automation systems during the assessment period. Growth in commercial sector, coupled with penetration of building automation systems in schools, universities, hospitals, and entertainment centers are estimated to fuel market growth through 2031.

Building Automation Systems Market by Category

By Product Type:

  • Hardware
  • Software
  • Services

By System Type:

  • Security & Surveillance
  • HVAC
  • Lighting Solutions
  • BEMS (Building Energy Management)

By Application Type:

  • Commercial
  • Residential
  • Government

By Region:

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

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Silo bags Market Latest Advancements and Business Opportunities 2032

Packaging plays an important role in attracting customers towards any product offered by a manufacturers. Apart from that, packaging is also used for protection and bulk material shipping.  One such type of packaging is silo bags packaging. Silo bags are 2.4 to 3.6 meter elongated and flexible plastic bags.

The length of these bags depends on the quantity of material to be stored and the machine used for packing purposes. As the cultivable land is decreasing, the demand for silo bags is gradually increasing. Silo bags are also being used to protect grains from any kinds of external damage.

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Silo bags: Market Dynamics

The silo bags market is being driven by the increase in awareness about wastage of grains during cultivation. Grain wastage hampers the overall production of crops. Moreover, the rising population of the world is expected to create huge pressure on the overall production of agricultural crops. Silo bags are useful as they can be used to protect grains and thus, help in meeting increased demand for crops.

The primary function of silo bags is to provide increased protection to the crops as well as to increase their shelf life. Silo bags have monitoring equipment which can be used to trail the quality of any product as well as adjust the temperature. These features are likely to increase the demand for silo bags in the near future.

Silo bags also provides UV protection, yet another feature that is expected to fuel the demand for silo bags during the forecast period. In addition, they are economical in comparison to permanent steel bins and this is positive affecting the demand for silo bags market. Also, silo bags offer the comfort of supple storage at an appropriate location when permanent storage is a restrictions.

Steel silos are expected to hinder the growth of silo bags because steel silos keep grains more safe than normal silo bags. Also, silo bags offer limited unitary capacity and this can adversely affect the demand for them.

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Silo bags: Market Segmentation

The global Silo bags market is segmented on the basis of storage and the capacity of the bags.

Based on the storage, the global silo bags market is segmented into:

  • Dry grains
  • Wet grains
  • Rolled/crushed grains
  • Forages
  • Fertilizer
  • Dried fruits
  • Wood chips
  • Others

Based on the capacity of bags, the global silo bags market is segmented into:

  • Upto 200 mt
  • Above 200 mt
Silo bags Regional Outlook

In terms of geography, the global Silo bags market has been divided into five key regions — North America, Latin America, Europe, Asia-Pacific and the Middle East. The Asia Pacific region is expected to dominate the silo bags market during the forecast period. The presence of developing economies like China and India will bolster this market.

Also, Australia is expected to have massive impact on the Global Silo bags market as agriculture is one of the most important means of sustenance in the country. It is expected that the Latin America region will witness a decent CAGR by the end of the forecast period.

On the other hand, Europe and North America are expected to witness slower growth as compared to the Latin America. Similarly, the Middle East and Africa region is also expected to register sluggish growth throughout the forecast period.

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Silo bags packaging Market: Key players

Some of the key players in the global Silo bags market are Silo Bag India Pvt. Ltd., Silo Bags International Limited, The Context Network, LLC, HYPLAST N.V, Grain Bags Canada, The Panama Group, Richiger, and Silo bag grain, etc. The companies are focusing on launching products in emerging economies where the agriculture sector is very strong.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

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

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Trifold Packaging Market Size, Share, Growth Trends, and Forecast Analysis to 2032

The global packaging market is driven by an enormous number of packaging innovations undertaken by manufacturers to sustain in the highly competitive market. Trifold packaging is a result of such innovative product development activities. Trifold packaging provides the product an all-round visibility which is not possible using a one piece packaging.

A trifold package is hinged in 2 places to form a triangular base. Trifold packaging is one of the unique forms of packaging which helps in merchandising the product by shelving it or hanging it on a wall. It is mainly suitable for products which need to stay in vertical position.

In trifold packaging, the location where the product has to be stored is important as it lays its effect on the stability of the product. Trifold packaging is extensively used in retail stores and supermarkets to hang the product and allowing more versatility.

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Trifold Packaging: Market Dynamics

Trifold packaging is preferred, by manufacturers as it increases the product visibility by incorporating the product’s shape and hence contributing to marketing and brand identity of the product. This is one of the key factor driving the global trifold packaging market.

The trifold packaging also enhances the product flexibility which is also fuelling the growth of the global trifold packaging market. Factor restraining the growth of the global trifold packaging market is the high cost of the packaging as compared to other types of packaging due to the requirement of more plastic material as compared to standard packages.

Government regulations that ban the use of plastic is also a restraining factor for the global trifold packaging market. Manufacturers are reluctant on incorporating trifold packaging in their product packaging line. Moreover, a larger mold is required for manufacturing trifold packaging due to their increased size.

Since a large amount of plastic is used for manufacturing, increasing emphasis on the use of bioplastics is a key trend prevailing in the global trifold packaging market. Sustainable packaging solutions is also a key focus of the manufacturers making trifold packaging.

Trifold Packaging: Market Segmentation

Global trifold packaging market is segmented on the basis of raw material, end use, and geography. On the basis of raw material, the global trifold packaging market is segmented into PVC, PP, PET, and polystyrene. PVC is the most extensively used raw material for trifold packaging.

On the basis of end use, the global trifold packaging market is segmented into Food & Beverages, Electronics, consumer goods, healthcare, and others. In the food & beverage segment, the trifold packaging is mainly employed for storing eggs, and packaging nutraceuticals. In healthcare, the trifold packaging is used for packaging medical devices and in electronics, for circuit board packaging.

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Trifold Packaging Market: Regional Outlook

On the basis of geography, the global trifold packaging market is segmented into Latin America, North America, Asia Pacific, Europe, and Middle East & Africa. North America is leading the global trifold packaging market followed by Asia Pacific region.

The boom in the healthcare sector of developing economy like India is anticipated to boost the trifold packaging market of the Asia Pacific region. Latin America is expected to exhibit moderate growth over the forecast period owing to an increased market penetration of retail companies. The demand for Trifold packaging is anticipated to show sluggish growth due to the economic downturn in the leading European countries.

Trifold Packaging Market: Key players

Key players of the global trifold packaging market are Transparent Container Inc., Berkeley Sourcing Group, Panic Plastics Inc., Smurfit Kappa, and Plastic Ingenuity.

The report covers exhaustive analysis on
  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

About Us:

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

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Website: https://www.futuremarketinsights.com

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Squeeze Tube Market Brief Forecast and Analysis by Top Key Players to 2027

Squeeze tube packaging is commonly made of plastic that is cylindrical in shape. Squeeze tube lets the usage of the product in required quantity without getting deformed. Squeeze tube has one end sealed, and the other end is enclosed with a cap which is open to dispense the required quantity of the product.

The squeeze tube is commonly used for packaging of viscous fluids. Squeeze tubes primarily cater to the personal care industry, household goods, pharmaceutical industry, food industry and lubricant industry that makes the squeeze tube market an attractive industry for packaging manufacturers.

Plastic is the majorly used material in the manufacturing of squeeze tubes. Different attributes of plastics are combined to achieve different properties of the end product such as barrier property, low cost, printing capability, etc. Squeeze tubes are efficient in the packaging of products in small quantity. Squeeze tubes have enabled manufacturers to supply products to the end users in various quantity.

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Squeeze Tube Market: Segmentation

Squeeze tube market is segmented by type of material used, by the end use industry and end-use product.

Based on the type of material used, squeeze tube market is segmented into:

  • LDPE
  • HDPE
  • MDPE
  • LLDPE
  • EVOH

Based on the end use industry, squeeze tube market is segmented into:

  • Personal care industry
  • Household goods
  • Pharmaceutical industry
  • Food industry
  • Lubricant industry
  • Others

Based on the end use product, squeeze tube market is segmented into:

  • Gels
  • Lotions
  • Sauce
  • Skin cream
  • Liquid soaps
  • Conditioners
  • Shampoos
  • Detergents
  • Medications
  • Others

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Squeeze Tube Market: Dynamics

Squeezable tube market is related to the flexible packaging market. The flexible packaging is estimated to be about US$ 250 billion which is expected to grow at a CAGR of 3% over the forecast period. Squeeze tube packaging market is driven by the convenience offered by the squeeze tubes for using the products in viscous liquid form.

Squeeze tube can frequently be reused without creating a mess and deforming the packaging of the product. The reusability of the squeeze tube is another factor contributing to the growth of the squeeze tube market, as squeeze tube is refilled once it has been emptied.

The squeeze tube enables the manufacturers to manufacture the products of different sizes hence motivating manufacturers to push the squeeze tube market. Squeeze tube not only increases the shelf life of the product but also reduces the packaging cost of the product as it does not require secondary packaging.

The raw material required for the manufacturing of squeeze tube is commonly plastic which is cheap and easily available. However, the presence of substitutes of squeeze tube such as stand up pouches can reduce the size of squeeze tube market. The inability of the squeeze tube packaging format to pack the product in larger quantity may limit its use.

The rising concern of the regulatory authorities all around the world on the extensive use of plastic may hamper the squeeze tube market. However, on the backdrop of the convenience squeeze tube packaging, the squeeze tube market is expected to grow vertically upwards. Squeeze tube being a sustainable form of packaging can provide many opportunities for the squeeze tube market over the forecast period.

Squeeze Tube Market: Regional Outlook

Squeeze tube market is significantly large in North America and Eastern and Western Europe due to the lifestyle of the consumers in the regions. North America is expected to lead the squeeze tube market over the forecast period. Rapidly growing economies such as Brazil in Latin America, India, and China in APEJ region is estimated to account for the highest growth rate for the squeeze tube market over the forecast period owing to the high consumption rate and the presence of densely populated areas in the region.

Squeeze Tube Market: Key Players

Some key players of squeeze tube market are Amcor Limited, Alpha Packaging, Maynard & Harris Plastics, Berry Plastics Corporation, MPack sp. z o.o, The Whole Package, LLC, CL Smith, Montebello Packaging, Yangzhou City Sharp International Trade Co. Ltd, Pack-Tubes, Vista Packaging, Auber Packaging Co., Ltd.

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The report covers exhaustive analysis on
  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

About Us:

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

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Website: https://www.futuremarketinsights.com

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