Market Research Blog – Page 9210 – New Product Development

Collapsible Food Packaging Containers Market Insights By Material Type, Product, Application & End-User | FMI

Collapsible food packaging containers are known as foldable food containers which help in saving space for a convenient carrying option. The external volume required by the container during the transportation and logistics solves the space shortage problem during the entire process along with the cost reduction.

The collapsible food packaging containers come with different materials like plastic, wood etc. and various manufacturers supply these collapsible food packaging containers for packaging of a wide range of consumer goods and other industrial goods.

The demand for different collapsible food packaging containers (such as crates, boxes, etc.) has emerged as a preferred packaging over other traditional food packaging containers. The growth in demand for convenient and portable packaging solutions in food industry is expected to accelerate the collapsible food packaging containers market over the forecast period.

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Collapsible Food Packaging Containers Market: Dynamics

Drivers:

The collapsible food packaging containers are not bulky and are cost effective. These products are helping the manufacturers to cut the cost reduction. Moreover, these containers are reusable and provide enough storage space available.

These collapsible food packaging containers are the perfect solution for transportation. These are some of the major key factors, which are driving the growth of the collapsible food packaging containers market in the industry.

Restraints:

The initial cost for purchasing the collapsible food packaging container might hamper the growth in the future. However, once the product is purchased, it can give a well return on the investment.

Opportunities

Rising Trend of Hiking and Travelling

The collapsible food packaging containers are perfectly suitable for carrying around for any outside activity as these containers can be folded and stacked according to the requirement. People are travelling more to get rid of their daily busy schedule for operating recreation process in their body and this trend is augmenting the market of collapsible food packaging containers.

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Growth in Industrialization

The rapid growth of food industrialization across the world is fuelling the market of collapsible food packaging containers. Collapsible food packaging containers are popularly preferred for the packaging of products in bulk amount due to the features such as toughness, cost-effective, and recyclable.

These are also used for the packaging of larger and heavier products. Flexibility in the production proficiencies has allowed manufacturers to manufacture and supply collapsible food packaging containers to capture a wide range of end users operating in food industries.

Collapsible Food Packaging Containers Market: Impact of Covid-19

The robust outbreak of Covid-19 has affected the financial conditions of various economies. The declined growth rates of these economies are affecting the manufacturers of collapsible food packaging containers negatively. The widespread health crisis created by the coronavirus is adversely affecting the end-use sectors of collapsible food packaging conatainers.

Additionally, price fluctuations of raw materials have impacted the acquirement cost for producers which is hampering the growth of collapsible food packaging containers market. Moreover, sanction rule implemented for the crude oil import process is likely to affect the oil price overall which is resulting in raw material- price fluctuation.

This is expected to affect the demand for collapsible food packaging containers negatively. But the sales of the collapsible food packaging containers is dependent on different factors like global severity of the disease, duration of the situation and numerous rules and regulations implemented by various government authorities around the world.

Collapsible Food Packaging Containers Market: Regional Outlook

The Asia Pacific excluding Japan, collapsible food packaging containers market is expected to lead the market owing to the countries like China and India’s large population and largest rate of food consumption. North America and Western Europe regions are expected to show a good growth over the forecast period in terms of rapid industrialization and rising disposable income rate.

Latin America and MEA are expected to exhibit a decent growth rate over the forecast period for the collapsible food packaging containers market due to the growing hotel industry in that particular regions.

Collapsible Food Packaging Containers: Key Players

SKI Plastoware Private Limited
Jaycoplastic
Neeyog Packaging
WestRock
LZ Industrial Co.,Ltd.

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Collapsible Food Packaging Containers Market: Segmentation

The global collapsible food packaging containers are segmented by material, product type and application.

By Material :

Plastic
Metal
Stainless Steel

By Product Type :

Boxes
Crates
Bottles
Jars

By Application :

Food and Beverage industry
Hotels and restaurants
Retail sector
Household

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Non Heat Sealable Film Market to Display Impressive Growth with Rising Demand

Flexible Packaging is one of the best forms of packaging that combines aluminium, plastic and paper. Flexible Packaging manufactures multiple range of products that are often employed with few raw materials and are strong formats in design.

Flexible Packaging products includes pouches, wraps, bags liners etc. Non heat sealable films are one of the formats that is being manufactured. The technology used for Non heat sealable films is cold-seal packaging. Non heat sealable films are the ones that have one reverse side printed with retail products information and another film that protects the product from inside by laying a barrier.

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Non Heat Sealable Film Market: Dynamics

Non heat sealable films to accelerate the Retail Industries

Non heat sealable films are useful on large scale for food and beverage industry products such as grocery products, cereals, proteins etc. As, Proper sizing of Non heat sealable films can be adjusted in very short span with customized printing of graphics with latest technology printers will increase the production speed for manufacturers of food and beverage industries.

The technology used with Non heat sealable films is very cost-effective and operation efficient.

Non heat sealable films to boost the confectionery goods packaging

Many of the confectionary products like sweets, cereals, etc. manufactures face problems during preserving product during transportation to end users and packaging stage. So, non heat sealable films are used for these products to keep them moisturized and airing them with oxygen whenever required.

The technology that is typically used for non heat sealable films for such products are press cold welding which is designed to protect the product from external damage and enable faster production. For example: Darrell Lea is an Australian company that manufacturers confectionary products like sweets, pastries, cakes, cereals etc. They have chosen Non heat sealable films for their products with cold seal packaging technology.

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Non heat sealable films to have constrains due to alternative packaging format

Alternative for Non Heat Sealable Films are the Heat-sealed films that are basically used in various application such as pharmaceuticals and chemical industries, etc. As, they provide good barrier against moisture, anti-dust, waterproof, and most importantly are used for strong adhesive properties.

But, Non Heat sealable films are typically designed for the long run production of material that are not pressure sensitive and can increase production up to 10x faster when heat seal packaging is not applicable. Non Heat Sealable Films can be useful for pharmaceutical products such as natural latex rubber gloves, wipes etc.

Non Heat Sealable Film Market: Regional Outlook

Asia-Pacific accounts for a large share of the Non heat sealable film market as compared with other regions due to the growing food industry in the country. In turn, rapid growth in the demand for pharmaceutical packaging is expected to fuel the production of Non heat sealable films.

The Europe demand for Non heat sealable films is led by packaging films from Asia Pacific. These two countries will suit the North America Non Heat Sealable Films market.

Non Heat Sealable Film Market: Key Players

Cosmo Films Ltd.
Max Speciality Films
Toray Plastics Inc.
Vacmet
SRF Limited
Jindal Films
Web Plastics Company
Rowad
Polyplex Corporation Ltd.
Gulf Pack

COVID-19 Impact on Non Heat Sealable Film Market

The coronavirus impact on Non heat sealable film market will be determined by retail industry as it being primary driver to accelerate Non heat sealable film demand in market. The manufacturers may expect an enormous change in consumer purchasing behaviour during the presence of coronavirus worldwide. This would adversely impact the retail industry worldwide.

Especially, GCC countries are now facing a gloomy trend of economic growth and many other global problems including weak GDP growth, dropping oil prices and regional instability. Several companies may be at risk as governments in countries such as the United Arab Emirates (UAE) and Saudi Arabia are planning to take COVID-19-containment measures.

Experts in the retail sector have reported a massive increase in demand for sectors falling under the ‘critical’ bracket including packaged goods, customer health and personal well-being, and home care products. Thus, non heat sealable films will have great potential to increase its market in retail sector for estimated years.

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Non Heat Sealable Film Market: Segmentation

Globally, the Non Heat Sealable Film Market is divided on the basis of material, thickness Film type, & end-use industry

Material:

PET
BOPP
Polyester

Thickness:

Less than 12 microns
12-30 microns
More than 30 microns

Film Type :

One Side Corona Treated
Both Side Corona Treated

End-Use Industry:

Food
Pharmaceutical
Chemicals
Others

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Indonesia Pet Care Market is Projected to Expand at a Prolific CAGR of 9.9% from 2022 to 2032

The global Indonesia pet care market is estimated to reach US$ 2,092.1 Mn in 2022 and is projected to surpass US$ 5,372.8 Mn by 2032, at a CAGR of ~9.9% from 2022 to 2032. Indonesia pet care market is anticipated to contribute a demand share of approximately ~0.9% – 2.0% in global pet care market.

Pet humanization is a growing trend where owners are treating their pets as their family members. Pet humanization is a one of the key factors increasing the demand for luxury goods in the market.

Other factors such as growing rate of pet adoption coupled with increasing per-capita spending on pets are driving the demand for luxury pet products and services. As pets are treated as an integral part of the family, people owning pets take care of their pets in a manner similar to parents taking care of their children in a family.

Pet owners are very serious about their responsibilities toward their pets. This is encouraging pet owners to invest extensively in spending for the well-being of their pets and are willing to spend more on luxuries.

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They are also spending on luxuries and necessities such as pet clothing, beds, medications, grooming services, and other veterinary services. This is one of the primary factors driving the demand for pet luxury goods in Indonesia pet care market.

Key Takeaways from the Indonesia Pet Care Market Study

In terms of service, pet food is expected to hold a noteworthy revenue share over the forecast period.
Based on professional service, the grooming boarding segment is expected to witness robust growth during the assessment period
Veterinary care segment is projected to account for maximum share over the forecast period
By service channel, the online retail segment will dominate the market owing to the growing penetration of e-commerce industry
By pet type, cats are expected to account for lion’s share in the global market during the forecast period

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“Growing acceptance of technologically advanced automatic pet care, increasing expenditure on pets coupled with rising adoption of dogs and cats will boost the market revenue” says an FMI analyst.

Impact of COVID-19 on the Indonesia Pet Care Market

Indonesia is one of the rapidly emerging South-Asian economies, and the growth is fuelled by the rapidly increasing urbanization and industrial rates. This demographic shift is critical to the pet food market’s future growth.

Pet ownership is on the rise among millennials across the globe. According to the Indonesian Pet Food Association, the sector is growing at a rate of 20% per year, with Java accounting for 60% of the market, home to the capital Jakarta and other major cities.

The COVID-19 pandemic has contributed to the increase in the number of pet adoption, as people feel pets could be their companions during their time at home. Further, the presence of pets not only reduces loneliness and boredom but also increases mental and physical health.

Who is winning?

Major players present in the pet care market are MSD Animal Health, Mars Incorporated, HAPPY PET Investment Holding GmbH, PT. NUTRICELL PACIFIC, Colgate-Palmolive Company, JM Sucker Co., Nestle SA, PT Central Proteina Prima Tbk, Groovy Vetcare Clinic, Bali Pet Shop PT, KW Aquatic Supplies Sdn Bhd, PT Citra Mandiri Kencana, and Menara Petskita Indonesia among others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Indonesia pet care market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Indonesia pet care market based on the service (product{ pet food, pet healthcare, fashion, toys, and accessories}, professional service {day care, grooming boarding, pet breeding, and training} value-added services {insurance, veterinary care, pharmacy, adoption and charity, crisis relief service}) pet type (dogs, cats, birds, fish and reptiles, small pets, and horses & other livestock), service channel (modern trade, convenience stores, care services centers, veterinary clinics, online retailers, support care centers and pet specialty stores.

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Fish Sauce Market to increase at a CAGR of 5.8% Due to Rising Preference for Ethnic and Spicy Flavors Among Consumers

The global Fish Sauce Market to increase at a CAGR of 5.8% from now until 2032, when its value is projected to be about US$ 30.6 Bn.

Global fish production reached 179 million metric tons in 2018, according to the United Nations, with 23 million metric tons going to human consumption. This is due to several factors, the most significant of which is increasing awareness of the health benefits of seafood.

Seafood is low in saturated fats, high in protein and nutrients such omega-3 fatty acids, vitamin A, and vitamin B. Regular seafood consumption has been shown to improve cardiovascular health and reduce the risk of heart attacks and strokes. Furthermore, consumers are willing to try new foods, which is boosting the demand for various flavored fish sauces, such as hot sauce and soy sauce.

On the production front, consistent nominal fish prices have resulted in increasing production of fish and fish sauce products. According to a joint OECD-FAO report, nominal fish prices are predicted to rise at a rate of 1.5-2.1 % per year over the next decade. This means that major manufacturers of fish sauce will have lower production costs, allowing them to produce on a larger scale.

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“Increasing inclination towards ethnic and exotic food, along with wide availability of a hufe variety of sauces and condiments at online retail channels is expected to broaden the scope of fish sauce applications over the assessment period,” says an FMI analyst.

Key Takeaways:

Based on product type, demand in the plain fish sauce segment will command more than 50% of the total fish sauce sales.
In terms of technique, sales in the traditional method segment will account for a lion’s share in the global fish sauce market.
By sales channel, the offline segment will remain highly lucrative through 2032.

China will emerge as an attractive market for fish sauce. Demand in the East Asia fish sauce market is expected grow at a 5.0%.

North America is expected to emerge as a prominent market for fish sauce, dominated by the U.S. over the forecast period.

Competitive Landscape

Leading fish sauce makers are attempting to expand their footprint across attractive pockets by introducing new products, developing strategic partnerships with existing players, and purchasing small-scale producers. The following are some noteworthy market developments:

Masan Consumer Holdings, situated in Vietnam, is a well-known fish sauce producer. Chin-Su Fish Sauce, Chin-Su Nam Ngu, and Nam Ngu Fish Sauce are among the company’s offerings. While the first two products are aimed at premium and high-end customers, the latter is designed exclusively for mid-tier customers and those looking for good value.
Teo Tak Seng Fish Factory Co. Ltd., likewisw, sells its signature silver pomfret sauce, which is produced with fresh anchovies and salt. The sauce’s strong taste makes it great not just for stir-frying, but also as a delightful dip for a range of food.

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Fish Sauce Market By Category

By Flavor:

Plain Fish Sauce
Spiced Fish Sauce

By Technology:

Traditional Method
Industrial Method

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region:

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

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Indoor Farming Market to Achieve A High CAGR Of 9.6 % During Forecast Period -2032

The global indoor farming market size are anticipated to grow by 9.6% CAGR to US$ 96.6 Bn in 2032. To address the rising demand for organic food, the agriculture sector is implementing innovative practises.

Growing in popularity, vertical farming will become a significant farming technique in the years to come. Vertical farms are employing artificial light management, humidity control, and gas control inside the facility thanks to the development of new technology. Vertical farming increases automation while reducing costs and pollution.

Some of the main elements influencing the development of vertical farming are the high yield associated with it compared to conventional farming, the year-round production of crops regardless of the weather, advances in light-emitting diode (LED) technology, and the need for little resources.

“Indoor farming is growing as a result of rising urbanisation, rising food quality demands, and autonomous agricultural methods. A key analyst at FMI adds that the loss of groundwater and shifting climatic circumstances are also pushing traditional producers to use alternative farming techniques.

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Key Takeaways:

Sales in the greenhouse facility market are anticipated to grow at a 4.8% CAGR through 2032, depending on the capacity type.
Over the course of the projection period, the hydroponics market will grow at a 6.1% CAGR.
Sales in the hardware category will increase at a 7.4% CAGR through 2032, depending on the component type.
Over the course of the evaluation period, the category for fruits and vegetables will expand at a 6.5% CAGR.
Over the course of the forecast period, sales in the U.S. indoor farming market are expected to grow at a 5.5% CAGR.
Sales in India will expand at a 6.6% CAGR through 2032, making it an attractive market.
With a market share of 13.9%, Germany will command the indoor farming market in Europe.

Competition Landscape

Argus Control Systems Ltd., Certhon, AeroFarms, Bright Farms Inc., Richel Group, Bowery Inc., FreshBox Farms, Metropolis Farms Inc., General Hydroponics, Hydrodynamics International, Illumitex, Lumigrow, Vertical Farm Systems, Priva, and Netafim among others are some of the players profiled by FMI.

Leading players operating in the indoor farming are investing in promotional strategies, advertisements, and new product launches to gain a competitive edge in the market. Some recent developments include:

In 2021, BrightFarms opened its latest indoor farm in Hendersonville, North Carolina.

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Future Market Insights, in its new offering, provides an unbiased analysis of the global indoor farming market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the indoor farming market based on the facility type (greenhouses, indoor vertical farms, container farms, indoor deep water culture systems, and other facility types), growing system (aeroponics, hydroponics, aquaponics, soil-based and hybrid), component type (hardware and software), crop type (fruits and vegetables, herbs and microgreens, flowers and ornamentals and other crop types) across seven major regions.

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Global Indoor Farming Market by Category

Facility Type:

Greenhouses
Indoor Vertical Farms
Container Farms
Indoor Deep Water Culture Systems
Other Facility Types

Growing System:

Aeroponics
Hydroponics
Aquaponics
Soil-based
Hybrid

Component Type:

Hardware
Software

Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Scented Candles Market is Anticipated to Touch a Value of Nearly US$ 5.4 Billion in the Year 2032

The global scented candles market is expected to register a CAGR of 4.1% by garnering a market value of US$ 5.4 Billion by the end of 2032.

Gamers now provide small limited-edition candles in addition to standard-sized candles, which are well-liked as gift choices. Some of the fragrances being promoted include berries, roses, pine trees, jasmine, musk, fig trees, wood fire, and mimosa.

Manufacturers are introducing limited edition scents and seasonal scents to boost sales. For instance, DIPTYQUE is selling a set of 5 scented candles that are part of a limited edition. Additionally, gift-giving options are being marketed for these candles.

Personalization is also taking centre stage in the market due to changing consumer preferences. In response, businesses offer customers the option to personalise and customise their candles by letting them select the scents and include messages and notes. Such changes are predicted to open up opportunities for market expansion.

Besides scents, companies are focusing on enhancing their packaging designs as the visual appeal of the product plays a major role in shaping consumer preferences. Leather bag inspired box, print box packaging, and eco-friendly sustainable packaging are some packaging options offered by the manufacturers.

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“Scented candles are being promoted as décor accents for homes as they provide ambient light and a luxurious visuals. Many of the scented candles are also being promoted as anxiety and stress reducer fragrances. Such developments are expected to augment the growth of the market through 2032,” says an FMI analyst.

Key Takeaways:

In terms of product type, container-based candles are expected to dominate the market.
Based on the shape, sales of round scented candles will grow at a 3.4% CAGR.
Demand for multi wick candles will increase at a 5.2% CAGR through 2032.
Sales through online channels are projected to grow at a healthy 6.9% CAGR over the assessment period.
The U.S. will continue dominating the North America scented candles market, driven by high demand for limited edition candles.
Sales in the U.K. scented candles market will increase at a 3% CAGR over the forecast period.
India will emerge as a lucrative market, with sales projected to increase at a 2.9% CAGR over the assessment period.

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Competition Landscape

Leading players operating in the global scented candles market are investing in promotional strategies, advertisements, and new product launches with limited edition scents to gain a competitive edge in the market.

Key players operating in the market profiled by FMI include Newell Brands, MVP Group International, Estee Lauder Companies, NEST New York, Thymes, LLC.,L Brands, Portmeiron Group Plc., The Yankee Candle Co. Inc., The White Barn Candle Co., Village Candles, Bridgewater Candles., etc.

Scented Candles Market By Category

Product Type:

Container Based Scented Candles
Pillar Scented Candles
Others

Shape:

Round
Flower
Heart
Oval
Others

No. of Wicks:

Single Wick
Multi Wicks

Region:

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

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Herbal Beauty Products Market is Projected to Expand at a Prolific CAGR of 3.7% in 2026

The Europe & Asia Pacific herbal beauty products market is anticipated to witness a CAGR of 3.7% during the forecast period and is expected to reach at US$ 2,571.2 Mn by 2026 end.

Future Market Insights (FMI) delivers key insights on the Europe & Asia Pacific herbal beauty products market in its upcoming outlook titled, “Europe & Asia Pacific Herbal Beauty Products Market: Industry Analysis and Opportunity Assessment, 2016–2026”. In terms of value, it is expected that

Consumer preference for clean label beauty care products is shifting significantly due to increasing awareness regarding the benefits of herbal and natural ingredients. Consumers are increasingly opting for greener products owing to presence of toxic ingredients in synthetic cosmetic products, which are known to cause various adverse effects.

Moreover, consumers are currently more informed regarding the benefits of using herbal products through promotions, advertisements and activities on various social media platforms. Herbal skin care products improve skin texture, tone and appearance owing to presence of nutrients required to enrich overall skin health.

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Increasing consumer demand for eco-friendly personal care products has prompted companies to enter into the herbal and natural personal care products market and develop new and advanced products. Manufacturers are continuously launching herbal personal care products with remedial properties and long-term benefits, which is resulting in addressing existing consumer requirements and aiding in expanding customer base.

Segmentation analysis

On the basis of end-use, the Europe & Asia Pacific herbal beauty products market is segmented into male and female. Female segment is estimated to account for the largest share by 2016 end. Male segment is expected to account for substantial growth over the forecast period. Increasing inclination of male consumers towards personal grooming and outward appearance among is expected to support growth of the male segment over the forecast period.

Europe & Asia Pacific herbal beauty products market is also segmented on the basis of distribution channel which includes supermarket, specialty stores, departmental stores, drugstores, online/direct selling, and beauty salons. Among all these segments, supermarket segment is expected to account for relatively higher value share during the forecast period. Specialty stores segment has been estimated to occupy the second largest share accounting for 21.1% value share in 2015.

As far as the types of herbal beauty products are concerned, Europe & Asia Pacific herbal beauty products market is segmented into skin care, hair care, oral care, and fragrance. Among all these segments, skin care type segment has been estimated to represent 45.7% value share in 2016 and expected to remain dominant over the forecast period.
Increasing acne issues owing to increasing humidity and pollution levels is expected to drive growth of the skin care type segment in the market during the forecast period. Skin care segment is sub-segmented into cream & lotion, cleanser & toner, facewash & scrub and others. Among these sub-segments, cream and lotion is expected to account for major value share over the forecast period.

Hair care segment is expected to occupy second largest position on the pie in terms of revenue contribution. The Hair care segment is sub-segmented into powder, hair oil, conditioner, shampoo, and others. The Oral care segment is likely to represent substantial growth over the forecast period. The segment is projected to represent 3.1% CAGR in terms of value growth by 2026 end.

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Regional analysis

This report discusses trends driving growth of each segment and offers analysis and insights of the potential of the Europe & Asia Pacific herbal beauty products market in specific region including Asia Pacific (APAC) and Europe. Markets in APAC are expected to record high growth rates in terms of value between 2016 and 2026. Japan has been estimated to be the largest consumer of herbal beauty products followed by China in 2015 across the APAC region.

Vendor insights

This report covers detailed profiles of key players in Europe & Asia Pacific herbal beauty products market, which includes key strategies, key developments, product offerings and others. Key companies profiled in this report are Bio Veda Action Research Co., VLCC Personal Care Ltd., Surya Brasil, Dabur India Ltd., Himalaya Global Holdings Ltd., Lotus Herbals, Hemas Holdings Plc, Sheahnaz Herbals Inc., and Herballife International of America Inc.

Market segmentation

By Type

Hair Care
- Hair Oil
- Powder
- Shampoo
- Conditioner
- Others (Masks and creams)
Skin Care
- Cleansers & toners
- Cream & lotion
- Scrubs & facewash
- Others (mask)
Fragrance
Oral Care

By End Use

Male
Female

By Distribution Channel

Supermarket
Specialty Stores
Departmental Stores
Drug Stores
Beauty Salons
Online/Direct Selling

By Region

Europe
Asia Pacific (APAC)

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Robotic Vacuum Cleaners Market is Reaching US$ 15.52 Billion at a Gracious Rate of 14.5 % by the year 2032

The global robotic vacuum cleaners market is expected to reach a market valuation of US$ 4.01 Billion by the year 2022, accelerating with a moderate CAGR of 14.5% by 2022-2032. Robotic vacuum cleaners market size is anticipated to be valued at about US$ 15.52 Billion by 2032 end.

In the last few years, vacuum cleaner technology has advanced significantly. Because of their ability to clean an area without requiring human participation, robotic vacuum cleaner’s sales are surging at a high pace.

Additional features of robotic vacuum cleaners include rotating brushes, mopping, and UV sterilization. Some are designed to efficiently perform cleaning chores of household. To offer greater efficiency and high performance, manufacturers are integrating robotic vacuum cleaners with security cameras, intercom systems, and other functions.

Robotic vacuum cleaners are a result of technological advancements enabled by artificial intelligence (AI) and the internet of things (IoT). They can be programmed and operated remotely to execute their cleaning tasks and they are clever enough to do it with minimal human intervention. With their advanced technologies, robots are playing an increasingly essential role in modern society, making human life easier and more comfortable.

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Market players are concentrating on producing more technologically advanced robotic vacuum cleaners using cutting-edge technology such as artificial intelligence (AI) (Artificial intelligence). Samsung Electronics, for example, released an AI robot vacuum cleaner in 2021 that has improved object identification and operation performance due to artificial intelligence (AI) technology.

The BESPOKE Jetbot AI is a smart robot vacuum cleaner designed to clean itself and empty its dust bin. It is the world’s first robot cleaner to be equipped with Intel’s artificial intelligence (AI) solution (Intel Movidius), which enables the robot cleaner to reason independently like humans.

Key Takeaways from the Robotic Vacuum Cleaners Market Study

In terms of robot type, the in-house robot segment is projected to account for 75.9% of the total robotic vacuum cleaners market share in 2021.In terms of mode of charging, auto battery charging type accounts for 70.9% of the total robotic vacuum cleaners market share in 2021.The US is a key market in North America, accounting for 91.5% of robotic vacuum cleaners sales in the region in 2021.The U.K. will emerge as a highly lucrative market within Europe, exhibiting 7.5% CAGR.

“Customers from diverse sectors are increasingly turning to automated products to save time and energy. Within the household sector, the demand for smart home technology is on the rise. This has created ample prospects for the expansion of the robotic vacuum cleaners market,” says an FMI analyst.

Impact of COVID-19 on the Market

The COVID-19 outbreak had a wide-ranging impact, including the closure of all non-essential businesses and retailers, leading to a loss of corporate confidence, heightened public worry, and future uncertainty. It has spread indiscriminately over the world, resulting in a hazardous indoor atmosphere. The production rate of these vacuum cleaners had fallen dramatically all over the world as a result of the sudden shutdown of manufacturing factories. Restrictions imposed hampered sales as well as international export and import.

Furthermore, the COVID-19 created new opportunities for robotic vacuum cleaner manufacturers. Due to the need for cleanliness and hygiene in homes and business spaces, industry players saw higher sales of robot vacuums beginning at the second quarter of 2020. Consumers bought robotic vacuum cleaners to keep the virus from spreading in their homes.

Additionally, according to International Federation of Robotics sales value for robots has increased by 32% to USD 11.2 billion and the recent Covid-19 pandemic is further expected to boost the market.

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Who is winning?

Leading manufacturers of robotic vacuum cleaners are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of robotic vacuum cleaners globally.

Major players present in the robotic vacuum cleaners market are iRobot Corporation, LG Electronics, Robert Bosch GmbH, Samsung Corporation, Dyson Ltd., Panasonic Corporation, Xiaomi, ECOVACS, Proscenic, Neato Robotics, Inc., Yujin Robot, Co., Ltd., Hayward Industries, Inc., Pentair plc, Milagrow Business & Knowledge Solutions (Pvt.) Limited. Koninklijke Philips N. V, among others.

Global Robotic Vacuum Cleaners Market by Category

By Robot Type:

Outdoor Robot
In-House Robot

By Mode of Charging:

Manual Charging
Auto-Battery Charging

By Region:

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

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Probiotic Cosmetics Market to Achieve A High CAGR Of 6.9% During Forecast Period -2031

The probiotic cosmetics market is projected to achieve a valuation of US$ 302.7 Mn in 2021 and US$ 594.7 Mn in 2031. Men’s growing awareness of skincare, self-care, and good appearance is going to be a major factor in the probiotic cosmetics market’s rise. The market is expected to exhibit a compound annual growth rate (CAGR) of 6.9%.

The primary goal of the players is to seduce young men. To assist them in achieving this, top cosmetic probiotic brands provide them with the best products available. Expansion of the portfolios of leading companies will help them gain a competitive edge in the market.

Men are becoming more conscious of the importance of grooming and appearance, which has increased demand for skin care and cosmetics, particularly probiotic products made specifically for men. The market for probiotic cosmetics is primarily driven by enduring self-consciousness and growing social pressure to look good.

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The top market participants’ expansion plans will also help the industry as a whole. For instance, companies like Esse, Leflore, Marie Veronique, and MenBiotics continuously spend on R&D to meet the changing preferences of their customers. Additionally, this will support the player’s efforts to increase their market share.

Key Takeaways from the Probiotic Cosmetic Market Study

In terms of product type, facial care products are projected to account for 40.2% of the total probiotic cosmetics market share in 2021. In terms of end-use, personal/individual will account for 63.0% of the total probiotic cosmetics market share in 2021.
As per FMI analysis, probiotic cosmetics demand is increasing in the United States. The US is expected to account for 88.7% of sales in North America in 2021.
The UK is a key market in Europe, registering a CAGR of 6.7% owing to higher spending on probiotic cosmetics in the country. Probiotic cosmetics sales via online sales channels will pick up pace globally.

“Cosmetic brands are expanding their penetration in the probiotic cosmetics market because probiotic reduces acne outbreaks and helps in managing eczema and dry skin. Furthermore, various brands operating in the probiotic cosmetic market are using virtual reality technology to motivate e-commerce shopping. Integration of advanced technologies facilitates personalizing online customer experiences. These advancements will drive sales in the market” says an FMI analyst.

Impact of COVID-19 on the Market

The new coronavirus outbreak had a significant impact, forcing the closure of all businesses and retail establishments that weren’t necessary. This has undermined corporate confidence, raised public anxiety, and created uncertainty about the future. Additionally, the COVID-19-related prolonged global economic downturns had a detrimental effect on the market for probiotic cosmetics.

Disruptions in the supply chain not only slowed consumer demand but also hurt the market. Additionally, the expansion of the probiotic cosmetics market was constrained by factors such as a lack of workforce, poor raw materials, a decline in the consumption of cosmetics, high production costs, and others.

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Who is Winning?

Leading manufacturers and suppliers of probiotic cosmetics are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales globally.

Major players present in the probiotic cosmetics market are L’Oreal SA, Procter & Gamble, Unilever Plc, Arbonne International LLC, KORRES SA, L’OCCITANE, Aurelia London., Johnson & Johnson Consumer Inc, Amway, Andalou, Aurelia London., BIO MILK Skincare, Columbia SkinCare., EMINENCE ORGANIC SKIN CARE, LeFlore(R) Probiotic Skincare, ESSE SKINCARE, Marie Veronique., and ESTEE LAUDER COMPANIES among others.

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Plush Blanket Market to Achieve A High CAGR Of 5.4% During Forecast Period -2031

The plush blanket market is expected to surpass a valuation of US$ 418.8 Mn in 2021 and at a CAGR of over 5.4% through 2031.

High focus on home decoration and willingness to spend on interior décor items will emerge as chief growth drivers. Interior decoration and themed houses are turning trendy and for elegance and comfort, people are spending on fashionable and comfortable plush blankets.

To capitalize on this trend, some of the leading market players have been aggressively investing in promotional campaigns and advertisements. Some of focusing on innovative product launches such as the launch of non-toxic and sustainable plush blankets.

Customers are becoming eco-conscious and drawn to non-toxic and non-allergic blankets. The bedding quality and material used has gained popularity, especially among millennial consumers. To cater to this, leading companies have launched plush blanket made from biodegradable material, which can be recycled and reused.

Besides launching eco-friendly products, companies are partnering with environmental protection groups to promote cruelty-free and chemical-free manufacturing. Such efforts undertaken by various organizations such as Shades of Green, Boll & Branch, and Pottery Barn are likely to promote sustainable and eco-friendly bedding and help the market grow.

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Key Takeaways from the Plush Blanket Market Study

Full-size blankets are expected to hold the leading revenue share of 21.4% in the market in 2021.
The U.S. will hold a share 87.7% in North America in 2021, owing to the high penetration of key players in the country.
India is a key market in South Asia, registering growth at above 10.3% CAGR owing to higher spending on premium products in the country and increasing development in the real estate category.
Europe will continue showcasing lucrative opportunities for the plush blanket market. Demand in Germany and the U.K. will continue supporting growth in the region.

“Rising availability of plush blankets in attractive patterns, which include smooth, textured, dimple, cuddle soft, and velvet, with wonderful colours, is making them popular a inclusion to improve aesthetic of bedroom decor.” says an FMI analyst.

Who is Winning?

Some of the leading players in the market are Berkshire Blanket & Home Co., American Blanket Company, FleecePro, Sunbeam Products, Inc., ADORNit, Plush Addict Ltd., Robert Kaufman Co., Inc., Shannon Fabrics Inc., Venus Group, The Company Store, The Northwest Company, among others.

Market players are focusing on the expansion of their product portfolio. Some of them are increase their sales by expanding their business portfolio by collaborating with e-commerce supply channels.

For instance, in 2021, PIXERS launched a customized plush blanket that is soft and warm, suitable for the bedroom, kid’s room and the living room as a bedspread or additional cover. This factor helps the company to gain customer attention in the market.

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Plush Blanket Market by Category

By End-Use: