Hemp Milk Market Study For 2022 To 2032 Providing Information on Key Players, Growth Drivers and Industry Challenges

According to a recent report by Future Market Insights, sales of hemp milk are estimated to reach a value of US$ 236.4 Mn by 2032, surging at 7.3% CAGR through the decade.

Rising awareness regarding the functional benefits of plant-based food and beverage products is expected to drive sales of hemp milk over the forecast period. Manufacturers are launching a wide variety of hemp milk such as unsweetened, flavoured and non-flavoured options.

Further, consumers are getting more aware of the health benefits of hemp milk. It contains omega-3 fatty acids, protein, vitamins, and is low in fat, making it a desirable substitute to conventional dairy milk.

Hemp milk is also a great source of minerals and vitamins like calcium, iron, and others, which has increased its popularity among fitness enthusiasts. Growing consumption of ready-made foods and beverages, along with high preference for organic and clean-label products will augment the growth in the market.

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“Increasing incorporation of hemp milk in the foodservice sector is expected to fuel demand in the market in the forthcoming years. Besides this, growing popularity of veganism across emerging economies will boost sales over the forecast period,” says and FMI analyst.

Key Takeaways from Market Study

  • Sales of hemp milk in the U.S. are projected to increase at a 5.7% CAGR, accounting for a dominant share of the North America hemp milk market.
  • Demand in the Italy hemp milk market are forecast to grow at a 11.7% CAGR over the forecast period.
  • In terms of sales channel, total sales in the offline segment are projected to hold more than 3/4th of the market share in 2022.

Competition Landscape

Some of the leading players in the hemp milk market include Drink Daily Greens LLC, PACIFIC FOODS OF OREGON, LLC., Wild Harvest, Good Hemp Food, Cell-Nique Corporation, The Fix Juice Pty Ltd, Organic Hemp Milk Australia, Manitoba Harvest Hemp Foods, Goodmylk Co., Ecomil, milkadamia, and Victory Hemp Foods.

Key players operating global hemp milk market are investing in partnerships and collaborations with other manufacturers in order to expand their product manufacturing facilities. For instance:

  • SunOpta announced in February that it had purchased Dream and WestHemp from the Hain Celestial Group, two of the largest and most established brands in the shelf-stable plant-based dairy products sector. SunOpta increased its beverage plant capacity in Allentown, Pennsylvania.

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Get More Valuable Insights

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

Hemp Milk Market by Category

By Form:

  • Liquid
  • Powder

By Flavor Type:

  • Original/Unflavoured
  • Flavoured
    • Chocolate
    • Vanilla
    • Other Flavours

By End-Use:

  • Dairy Products
    • Cheese
    • Yoghurt
    • Butter
    • Spreads
    • Ice Cream
    • Frozen Dessert
  • Bakery and Confectionery
  • Milk & Milk Based Beverages
  • Retail Sales

By Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Modern Trade
    • Convenience Store
    • Departmental Store
    • Traditional Store
    • Specialty Store
    • Online Retailers
    • Other Sales Channel

By Region:

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

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Frequently Asked Questions

  • At what rate will the hemp milk market grow?
  • What are the key factors driving the hemp milk market?
  • Which is the most attractive region in the global hemp milk market?
  • Who are the key players in the hemp milk market?

About FMI

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

Contact:

Future Market Insights Inc.

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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Freeze-Dried Food Market Key Methods, Historical Analysis, Application, Technology, Trends And Opportunities by 2032

The global freeze-dried food market is set to witness growth at a CAGR of 6.8% over the forecast period, reaching a valuation of US$ 54.8 Bn by 2032.

Increasing awareness about various health benefits of nutritional, natural, and low carb diet is fuelling the demand for freeze-dried fruits and vegetables.  One of the key factors driving the market is prolonged shelf-life of freeze-dried fruits without any synthetic ingredient or preservatives.

Regular consumption of freeze-dried fruits can help in reducing the risk of cardiovascular diseases, liver and colon cancer, and other ailments. With rising health concerns among consumers, freeze-dried fruits manufacturers are launching innovative products to benefit from the ongoing trend.

Freeze-dried food is prone to contamination by toxigenic fungi and bacteria as they contain various parts of aromatic and medicinal plants such as flowers, seeds, stems, leaves, and roots which can degrade over time.

These foods are produced with powdered amalgams of various herbal plants which might produce toxins. This is increasing the chances of certain risk factors involved with the consumption of freeze-dried fruits, which might restrict sales in the market to an extent.

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Freeze-dried food manufacturers are becoming more conscious during the process cycles of freeze-dried fruits and are focusing on a thorough examination of herbal and aromatic plants to reduce the chances of contamination.

“Increasing sales of functional foods and dietary supplements in driving the adoption of freeze dried fruits and vegetables in the nutraceuticals sector. In addition to this, manufacturers are striving to achieve optimal processing methods to reduce the chances of contamination within these products, which is expected to steer the growth in the market,” says an FMI analyst.

Key Takeaways:

  • Sales in the North America freeze dried food market are expected to account for 25% of the total market share in 2022.
  • East Asia will emerge as a lucrative pocket owing to expansion of the food and beverage sector in countries such as China, India, and Japan.
  • Based on product type, freeze-dried fruits segment is expected to account for a dominant share of the global market in 2022.
  • In case of end use segment, sales in the food and beverage sector are forecast to remain high through 2032.
  • By sales channel, the B2B segment will emerge as a lucrative segment over the assessment period.

Competitive Landscape

Nestle S.A., Kerry Group Plc, European Freeze Dry, OFD foods LLC, Molda AG, and others are some of the leading freeze dried food market players profiled by FMI.

Manufacturers operating in the global freeze dried food market are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to identify the interest of potential buyers and to improve sales. For instance:

  • In 2020, Nestle introduced a simple solution known as “nesQino”. This aids the consumers to personalize their choices of healthy superfood and beverage made from 100% natural ingredients.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global freeze-dried food market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Global Freeze- Dried Food Market By Category

By Product Type:

  • Fruits
    • Strawberry
    • Raspberry
    • Pineapple
    • Apple
    • Mango
    • Other Fruits
  • Vegetables
    • Carrot
    • Potato
    • Corn
    • Pea
    • Mushroom
    • Other Vegetables
  • Freeze-Dried Dairy Products
  • Freeze-Dried Meat and Seafood
  • Freeze-Dried Pet Food
  • Prepared Meal

By Nature:

  • Organic
  • Conventional

By Form:

  • Powdered
  • Granules
  • Diced

By End Use:

  • Food & Beverages Products
    • Breakfast Cereals
    • Dairy Products
    • Bakery & Confectionery
    • Nutritional Bars & Supplements
    • Powdered Beverages
    • Snacks
  • Retail (household)

By Distribution Channel:

  • B2B
  • B2C
    • Hypermarkets/Supermarkets
    • Convenience Store
    • Specialty Store
    • Food & Drinks Specialty Store
    • Independent Small Grocery Store
    • Online Retail

By Region:

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

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Frequently Asked Questions

  • What is the current freeze dried food market size?
  • At what rate is the global freeze-dried food market expected to grow?
  • What is the share of the top 10 companies in the freeze-dried food market?
  • Which countries are driving demand for freeze-dried food?

About FMI

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

Contact:

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

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Protein A Resins Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2031

According to a recent study by Future Market Insights (FMI), the global protein A resins market is expected to witness high growth during the forecast period. The market is expected to grow from US$ 536.6 Mn in 2020 to over US$ 1.2 Bn by 2031. This reflects a cumulative CAGR of around 8.1% over the forecast period (2021-2031).

Increasing research conducted on monoclonal antibodies are driving demand for protein A resin. Since the commercialization of the first therapeutic monoclonal antibody in 1986, till May 2021, around 100 monoclonal antibody products have been approved by the U.S. FDA and European Medical Agency for the treatment of various diseases such as cancer.

Monoclonal antibody therapy for the treatment of mild to moderate COVID-19 in patients has also been approved by the FDA under Emergency Use Authorization (EUA).

Studies on monoclonal antibodies have indicated that more monoclonal antibody therapies are in the process of getting FDA approval and can be marketed in the near future to cater to rising demand in the global life sciences industry. Thus, increasing research on monoclonal antibodies (mAb) is expected to fuel the demand and utilization of protein A resin for purification and precipitation purposes.

For the purification of monoclonal antibodies (mAb), different technologies are available which includes membrane chromatography, mixed chromatography, and aqueous two-phase extractions (ATPS). However, protein A resin holds the top position for the purification of mAbs.

With many industries facing issues of leaching of ligand and resistance during the commercialization of monoclonal antibodies (mAbs), the availability of next-generation protein A resins with improved purification conditions, such as alkaline-stability, and with very low ligand leaching, is expected to increase the production and throughput demand for protein therapeutic processes.

Furthermore, in June 2018, Purolite Life Sciences launched a novel next-generation Protein A agarose resin, Praesto Jetted A50. GE Healthcare, in 2017, introduced a next-generation protein A resin, MabSelect PrismaA, which was designed to enable biopharma manufacturers to improve their mAb purification capacity by up to 40% over GE Healthcare’s existing protein A affinity medium. These product launches are expected give tailwinds to growth registered in the market.

Such developments not only strengthen the company’s existing portfolio but also help to increase their presence at the regional as well as global level.

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Key Takeaways from Protein A Resin Study

  • By product, the natural protein A resin hold the maximum share of 62.8% in 2021. Natural protein A is derived from a bacterial cell of the staphylococcus aureus species and mainly used in the purification of monoclonal antibodies.
  • By matrix, the agarose based matrix of protein A resin account for 85.8% of the market share in 2021 indicating the highest demand, offering high binding specificity when in comparison to other matrices and are widely used for the attachment of ligands that bind proteins.
  • By application, the antibody purification of protein A resin segment will account for 74.8% of the market share in 2021.
  • By end user, the biopharmaceutical manufacturers will account for 79.2% of the market share in 2021.
  • By region, North America held the largest share of 35.7% of the global protein A resins market in 2021.
  • The U.S. will emerge as a leading market in North America, while growth registered in Europe will be spearheaded by Germany and the U.K.

Increasing demand of protein A Resins for biologics production including monoclonal antibody and biosimilars is expected to drive the demand of protein a resin over the decade. To capitalize on existing opportunities, market players are expected to push investment towards product launches and research initiatives,” says the FMI Analyst

Who is Winning?Some of the leading manufacturers of protein A resin market are focusing on product launch collaboration and partnership strategies for global expansion objectives, thereby, enhancing their market presence.

  • In August 2021, Danaher Corporation acquired Aldevron and stated that Aldevron will work as a stand-alone operating firm and brand within the life sciences segment of Danaher to provide a vast range of custom biologic services, including plasmid DNA production, mRNA production, and antibody development.
  • On 11 February 2021, Thermo Fisher Scientific Inc. started the online offering of its essential Thermo Scientific Dionex Easion and Thermo Scientific Dionex Aquion Ion Chromatography (IC) systems through easy online ordering.  This step was undertaken in order to reduce the in-person transaction during the pandemic.
  • In October 2020, Kaneka Corporation collaborated with the biomedical research institute “de Duve Institute” of the University of Louvain, wherein they signed a research collaboration agreement in order to develop innovative biomedicine production technologies and strengthen and expand the company’s current biomedicine CDMO business.
  • In April 2020, Bio-Rad Laboratories, Inc. launched a blood-based immunoassay kit to identify antibodies to the coronavirus SARS-CoV-2, the virus associated with COVID-19.

The key market players covered 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.

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Key Segments:

Product:

  • Natural Protein A Resin
  • Recombinant Protein A Resin

Matrix:

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

Application:

  • Immunoprecipitation
  • Antibody Purification

End User:

  • Biopharmaceutical Manufacturers
  • Clinical Research Laboratories
  • Academic Institutes

Region:

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

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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,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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Oil and Gas Seals Market to Achieve A High CAGR Of 3.3% During Forecast Period -2031

The oil & gas seals market to grow at 3.3% CAGR through 2031, growth is expected to persist over the coming years owing to increasing investments for oil & gas exploration activities across the globe.

The global oil & gas seals market is likely to exhibit significant deceleration, pegged at -6.5% in 2021 over 2020. This downturn is majorly ascribed to the recessionary impact of the COVID-19 pandemic on the oil & gas industry across the world, according to ESOMAR-certified market research company Future Market Insights (FMI). Fortunately, recovery is on the cards beginning 2022, with a projected annual increase of approximately 3%.

The long-term outlook on oil and gas seals market remains positive, with revenues set to grow at 3.3% CAGR. Substantial increase oil & gas exploration activities and development of oil & gas distribution infrastructure across the globe are expected to remain key defining factors in the global oil & gas seals market.

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Besides the burgeoning numbers of exploration projects, the industry is likely to witness immense technological disruptions. Blockchain technology has been touted as a highly effective approach towards enhancing data collection security while automation and robotic deployment across key oil fields is expected to enhance drilling projects, reducing error margins and yielding high throughput.

Key Takeaways of Oil & gas seals Market Study

  • Mechanical seals to remain preferred, reaching US$ 176.1 Mn and capturing nearly 17% revenue by 2021
  • Distribution applications to spearhead growth, with refining & distillation units experiencing maximum sales
  • PEEK plastics/polymers to remain highly preferred by material type, generating 55% revenue share by 2021-end
  • Midstream oil & gas exploration projects to generate lucrative opportunities, followed by upstream projects
  • US and GCC countries to remain lucrative throughout the forecast period
  • K. oil and gas seals market to witness a stable growth of over 3% through 2031
  • Oil and gas seals demand in Germany and France to be relatively muted, with growth of nearly 2%

“Manufacturers are focused on developing new seals using cost-efficient manufacturing techniques and advanced raw materials such as elastomers and plastic/polymers like polytetrafluoroethylene, polyetheretherketone and others with high pressure and temperature resistance standards,” says FMI analyst.

Competitive Landscape

The oil & gas seals market witness significant consolidation, in which the leading players account for more than three fourth of the market value share. The diffusion of small regional players is expected to increase competitive intensity during the forecast period.

Some of the key players in the market are Parker Hannifin Corporation, EnPro Industries, Flowserve Corporation, Dätwyler Holding Inc., Freudenberg Group, Trelleborg AB, among others. These players have higher shares in the global market, and have longstanding relationships with a number of leading end users, giving them an upper hand among their peers.

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More Insights on FMI’s Oil & Gas Seals Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global oil & gas seals, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the oil & gas seals on the basis of product type (mechanical seals, hydraulic seals, O-rings, T-seals & S-seals, metal bellow seals, lip seals, dry gas seals, V-ring packing, spring seals & custom seals), application(well drilling, well completion, well production & service and distribution), material (stainless steel, graphite/carbon, elastomers and plastic/polymers) and process (upstream, midstream & downstream) across six major regions.

Key Segments

Product Type

  • Mechanical Seals
  • Hydraulic Seals
  • O-Rings
  • T-Seals & S-Seals
  • Metal Bellow Seals
  • Lip Seals
  • Dry Gas Seals
  • V-Ring Packing
  • Spring Seals
  • Custom Seals

Application

  • Well Drilling
  • Well Completion
  • Well Production & Service
  • Distribution
    • Refining & Distillation Units
    • Transportation Pipelines & Carrier Vessels

Material Type

  • Stainless Steel
  • Graphite/Carbon
  • Elastomers
  • Plastic/Polymers
    • PTFE
    • PEEK

Process Type

  • Upstream
  • Midstream
  • Downstream

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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

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Suite 401, Newark, Delaware – 19713, USA
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Petroleum Liquid Feedstock Market Size Predictions : US$ 366.1 Bn by 2027

The global petroleum liquid feedstock market is estimated to reach a value of over US$ 366.1 Bn by 2027 end, registering a CAGR of 3.9% between 2019 and 2027.

A steady upsurge in the demand for petroleum liquid feedstock is expected in coming years owing to a positive expansion outlook reflected by the global petrochemicals industry.

Growing Feedstock Applications in Chemicals & Automotive Industries

Mounting consumption of motor fuels and other prominently sold end products such as aromatics, olefins, solvents, and gasoline is primarily driving the revenue of petroleum liquid feedstock at a global level. Applications in aromatics currently account for over 50% revenue share, whereas olefins are positioned by the report as an attractive segment in petroleum liquid feedstock landscape.

With soaring uptake of aromatics by chemicals industry stakeholders, it is most likely that the demand for petroleum liquid feedstock, the key component used during the manufacturing of aromatics, will also witness a strong hike in the near future. Besides chemicals industry, the automotive industry has also been a creating significant revenue generation opportunities for manufacturers of petroleum liquid feedstock.

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“With a dramatically expanding vehicular fleet and the subsequent demand growth in motor fuels and gasoline, it is most likely that the consumption of petroleum liquid feedstock would experience high growth over upcoming years,” states a senior market research analyst at FMI.

Key Manufacturers Enlarging Naphtha Production Capacities

Refinery processes tend to produce higher proportions of naphtha compared to that of gas oil, which enables the former to retain top ranking segment in the market on the basis of type of petroleum liquid feedstock.

Naphtha consumption currently accounts for a whopping 91% share in the global petroleum liquid feedstock market value; the report however projects that gas oil would gradually emerge as an attractive segment over the years.

A majority of industry giants have been concentrating on increasing their naphtha production capacities by strategizing on production plants expansion across multiple geographical markets. Manufacturers based in Middle Eastern countries have been observed to have augmented their naphtha production recently.

However, with growing availability of low-priced substitutes for petroleum liquid feedstock such as propane and ethane, the naphtha space has been witnessing an oversupply scenario.

China Slated for Maximum Market Attractiveness in Coming Years

With more than 71% market value share held collectively, petroleum liquid feedstock market in China, Europe, and Asia Pacific (excluding Japan) are likely to demonstrate notable expansion over coming years. Considerable rise in the automotive production and sales across Europe, China, and other Asian economies remains a key driving force pushing the consumption of petroleum liquid feedstock across these regions.

China however is forecast to emerge as the most lucrative market for manufacturers of petroleum liquid feedstock, and the report estimates around 4% yearly growth in China’s market value, in 2019. Moreover, Asian market for petroleum liquid feedstock still continues to face consequences of a severe demand-supply gap that is likely to trigger increased export from Europe and present multiple business opportunities for leading manufacturing companies.

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Fragmented Market Landscape to Witness a Growing Focus on Capacity Expansion

In a fairly fragmented competitive landscape of the global petroleum liquid feedstock market, the Tier 1 players account a mere revenue share of 25-35%.

Prominent companies such as TOTAL S.A., BP p.l.c, Royal Dutch Shell plc, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, and China National Petroleum Corporation continue to remain top performers.

The report indicates that a majority of Tier 1 players are currently focusing on petroleum liquid feedstock production expansion, in addition to the integration of the production of other end products with that of petroleum liquid feedstock.

Whereas, the Tier 2 companies, including Idemitsu Kosan Co. Ltd., Flint Hills Resources, and YPF, and other smaller local players collectively hold the lion’s share in the market in terms of revenue.

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

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Canada, US, and China Shale Gas Hydraulic Fracturing Market to Achieve A High CAGR Of 9.2% During Forecast Period -2027

Future Market Insights’ latest forecast study offers key insights on the growth of the shale gas hydraulic fracturing market in the US, Canada and China. Analyst associated with the development of this report has addressed the key concerns of journalist. The responses reveal valuable foresights on how shale gas hydraulic fracturing market in these countries will evolve during the period, 2017-2027.

Canada, US, and China Shale Gas Hydraulic Fracturing Market is projected to increase at 9.2% CAGR between 2021 and 2027, surpassing around 48,814.70 units by the end of 2027.

What do you think is the key factor driving the market for shale gas hydraulic fracturing in the US, Canada and China?

Well, my perceptions on the market drivers indicate the importance of having number of recoverable shale gas reserves. Among these three developed economies, the US possesses maximum number of recoverable reserves which can potentially fuel its shale gas hydraulic fracturing market. Across these countries, the dependency on conventional energy resources is remains fairly high. China will be reflecting high investments in its oil & gas sector, while Canada’s energy marketplace will showcase the adoption of advanced hydraulic fracturing technologies

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In the coming years, do you think the scope of sliding sleeve technology will improve in the market?

Not likely. Our study has observed that the adoption of sliding sleeve technology in shale gas hydraulic fracturing operations will dwindle in the coming years. Majority of shale gas companies will employ plug & perforation for their operations. Indispensable benefits of this technology will constrain the adoption of sliding sleeves in the shale gas hydraulic fracturing market. 

Among the diverse applications of shale gas hydraulic fracturing, can you reveal the one that will reflect highest profitability through 2027?

In 2018 and beyond, the end-use of shale gas hydraulic fracturing in power generation applications will translate high profits for market players. Over the forecast period, more than 40% of shale gas hydraulic fracturing market value in the US will be accounted by power generation applications.

Can you identify the key stakeholders in the shale gas hydraulic fracturing market across these countries?

What’s your take on the US being a market leader?

Frequent technological innovations in shale gas hydraulic fracturing are being adhered by market players in the US. This, according to me, keeps the country ahead of China and Canada in the context of shale gas hydraulic fracturing.

Will China reflect high value growth in the near future of its shale gas hydraulic fracturing market?

High investments in exploration activities across China’s shorelines will factor a high value growth in the country’s shale gas hydraulic fracturing market through 2027.

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Can you provide a few market size estimates for understanding the study’s long-term outlook?

Currently, our study estimates the shale gas hydraulic fracturing market in US to be record over 18,000 BCF in terms of volume. Among these three countries, Canada’s shale gas hydraulic fracturing market is pegged to expand at the lowest CAGR of 8.4% during 2017-2027. In the due course of this forecast period, the shale gas hydraulic fracturing market in China is pegged to grow at a staggering CAGR of 21.2% in terms of volume.

Canada, US, and China Shale Gas Hydraulic Fracturing Market by Category

Technology:

  • Plug and perforation
  • Sliding sleeve

Application:

  • Power generation
  • Industrial
  • Residential
  • Commercial
  • Transportation

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

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Asia Pacific Upstream Oil & Gas Services Market to Display Impressive Growth of 9.3% with Rising Demand

Future Market Insights delivers key insights on the APAC upstream oil and gas services market in a new publication titled “Upstream Oil and Gas Services Market: Asia Pacific Industry Analysis and Opportunity Assessment, 2016-2021“. The APAC upstream oil and gas services market is estimated to be valued at US$ 52.6 Bn by 2016 end, and is anticipated to expand at a CAGR of 4.0% over the forecast period (2016-2021).

Upstream oil and gas services are the services provided for exploration and production of oil and gas on offshore and onshore fields in order to increase production efficiency and production lifespans of projects. Upstream process involves various stages such as the search for underwater and underground oil and gas fields, drilling of wells and subsequently operating them. Upstream services segment comprises services involved in upstream process such as maintenance and operation for drilling equipment, sampling of fluids and decommissioning involved in various stages within upstream processes.

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Due to a high urbanisation rate and rapid industrialisation coupled with a growing population and increasing ownership of automobiles, there is a huge demand for crude oil and hydrocarbons in the APAC region. In addition, recovery in crude oil prices is highly anticipated and the market growth is expected to return to pre-2014 levels in the coming years.

In order to meet the Increasing demand for energy and petrochemicals in Asia Pacific, it has become evident to increase productivity from mature and new oil and gas reserves. Exploration of unconventional oil and gas resources is increasing and deep-water exploration activities is also gaining traction. Various small scale and large scale technological advancements, for increasing productivity and decreasing overall production cost, are playing a crucial role and the market growth for upstream oil & gas services in Asia Pacific is expected to pace up over the coming years.

However, volatility in oil and gas prices, environmental and technological concerns related to exploration and production activities in harsh, remote and hostile locations, accompanied by operational challenges in deep and ultra-deep waters, are expected to remain key challenges in the regional upstream oil and gas services market growth through 2021.

Preview Analysis on Asia Pacific Upstream Oil & Gas Services Market Segmentation by Services Type – Inspection, Repair and Maintenance, Sampling, Decommissioning, ROV Drill Support, SURF Support, Seismic and Geophysical Serviceshttp://www.futuremarketinsights.com/reports/asia-pacific-upstream-oil-and-gas-services-market

Segmentation highlights

On the basis of service type, the market is segmented into inspection, repair & maintenance, sampling, decommissioning, remotely operated vehicle (ROV) drills support, subsea umbilical, risers, and flowlines (SURF) support, well stimulation, well logging, Seismic and geophysical services, and others.

  • Surf support, ROV drill support, and seismic & geographical services segments are estimated to account for more than one-fourth share in the China upstream oil & gas services market by 2016 end
  • Surf support, well stimulation, and well logging segments are estimated to represent more than half of the shares in the total incremental opportunity created in the India upstream oil & gas services market between 2016 and 2021

Regional market projections

On the basis of region, APAC upstream oil and gas services market is segmented into eight key countries, namely, AustraliaNew ZealandIndonesiaMyanmarChinaIndiaMalaysia, and VietnamChina upstream oil & gas services market is anticipated to exhibit relatively higher growth rate over the forecast period. Anticipated economic recovery in the country is expected to increase demand for crude oil, which in turn, is expected to drive the market for upstream oil & gas services in the country. Market in other countries is also expected to experience a V-shape recovery, however, at a moderate CAGR over the forecast period.

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Vendor insights

Some of the key players reported in this study of APAC upstream oil and gas services market include Schlumberger Limited, Halliburton, Baker Hughes Incorporated, Petrofac Limited, Weatherford, TECHNIP, China Oilfield Services Limited, Transocean Ltd., Flour Corporation, and Saipem S.p.A. Key market players are focusing on research and development for sampling techniques. They are also making investments in product innovation for remotely operating vehicles’ drill support services in order to provide oil & gas customers with light, medium and heavy ROVs that can be used for deeper exploration & drilling services.

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Specialty Active Pharmaceutical Ingredients Market Size, Share, Industry Analysis, Future Growth, Segmentation, Competitive Landscape, Trends and Forecast 2022-2032

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

An 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 the 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.

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.

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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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Future Market Insights (ESOMAR-certified market research organization and a member of the 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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Pharma Trays Market Forecast, Trend Analysis & Opportunity Assessment 2031

The pharma trays are used in healthcare facilities all over the world, hospital and clinics use these pharma trays for safekeeping the medicines, equipment. Also, the primary advantage of pharma trays is that keeps medicines contamination-free and the surgical equipment are free from moisture.

Also the pharmaceutical trays allow an ease in handling of vials, syringes, and other medications altogether. Various materials are used to manufacture the pharma trays, such as stainless steel, plastic and foam according to the demand. Stainless steel pharma trays are re-usable in nature after wash, likewise, the plastic and foam based trays are easy to dispose of after the single-use.

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Key Market Players of Paper Masking Tapes Market

  • Pactiv LLC
  • Sonoco Products Company
  • Huhtamaki Oyj.
  • Tray-Pak Corporation
  • Molded Fiber Glass Tray Company
  • TOPAS Advanced Polymers
  • RPC Group Plc
  • Lacerta Group, Inc.
  • Marlin Steel Wire Products LLC
  • Argus Steel Products

Key Market Players in Asia-Pacific of Paper Masking Tapes Market

  • USK Balaji Plast Pvt. Ltd
  • Nithiya enterprises
  • AVA PACKAGING
  • Vinpac Innovations
  • NGS Products LTD

What are Major Drivers For Pharma Trays Market?

Due to the maintenance of quality in the healthcare industry, the demand for pharma trays is boosted by the usage of trays in all small to big medical facilities. The pharma trays are gaining more traction due to its physical attributes such as sturdiness, reusability and easy handling of medications.

The lightweight of the trays and the rising popularity of pharma trays in even underdeveloped regions of the world will surge the demand for the same in the upcoming decade. Also, the rising health related issues and its treatment is adding to the growth of pharma trays in the world.

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Which Factors are Hindering Growth of Pharma Trays Market?

The rising cost of raw materials such as stainless steel and the recycling cost of plastic and foam might affect the growth of the pharma trays market. Also, the adoption of single-use trays, and availability of cost-effective single use trays affects the future market share of stainless steel and plastics for making pharma trays.

What are the Upcoming opportunities for the Pharma Trays Market?

The newer types of pharma trays are introduced into the market for matching the industry demands of the healthcare sector. These trays specifically designed for drying gel capsules and special trays of the size of vials are launched by Molded Fiber Glass Tray Company and DS Smith offering a sharp increase in future opportunities of the same.

Also, other end-user industries such as chemical and laboratories have increased usage of pharma trays due to their safekeeping properties.

How are Top Medical Drugs Producing Countries like India and China Will Benefit the Pharma Trays Market?

The per capita income and expenditure on healthcare and medical services have increased in the past few years in India and China. Also, due to a large number of exponentially growing population adds to the growing consumption of medicines and drugs and the same results in more medical infrastructural facilities like hospitals and clinics in the country.

As a result of all these factors, the major demand for pharma trays will be from these countries over the forecasted period.

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What will be the Effect of France’s Developed Healthcare System on Pharma Trays Market?

One of the most developed healthcare system according to the medical infrastructure per person and the per capita expenditure is prevalent in France. In such a developed market where people are more focused on up keeping of their health, recorded staggering growth for the pharma trays used in medical applications.

Also, the hygiene and quality standards for medical practices are high, as compare to other countries of the world. All these combined will contribute to a sharp growth in the global pharma trays market.

Global Pharma Trays Market Segmentation

Product Type:

  • Deep storage trays
  • Sterilization trays
  • Vial trays
  • Gel cap drying trays

Material Type:

  • Metal
    • Stainless steel
    • Aluminum
  • Plastic
    • Polypropylene (PP)
    • Polyvinyl Chloride (PVC)
    • Polyethylene (PET)

Region:

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

About Future Market Insights, Inc.

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

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Telescopic Tool Boxes Market Forecast, Trend Analysis & Opportunity Assessment 2031

The telescopic tool boxes are used to store and carry the tools and components. The telescopic tool boxes are mainly made from different material such as steel, aluminium, and plastic. The ability of telescopic tool boxes to perform the functionality for both household as well as industrial use makes them popular among the end user.

The telescopic tool boxes have extensive usage in various industries due to their feature of durability and convenient storage. The telescopic tool boxes are available in different types which makes them easy to carry anywhere. The telescopic tool boxes come with a different compartment in them which help the end-user to store different tools in one box.

Also, as the tools are kept in the tool boxes the chances of losing them get reduced. On the back of all these factors, the demand for telescopic tool boxes is propelling in the market. Overall, the market growth for telescopic tool box owing to its handy usage is forecasted to expand at a faster pace during the forecasted period.

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Competitive Landscape

Global Players:

Key players are

  • AUER Packaging
  • PROTO
  • Stanley Black & Decker, Inc.
  • SP Tools
  • ZARGES
  • Sonic Tools
  • Others

Asia Pacific Players:

  • Ramco Ancillary
  • Taparia tools Ltd.
  • Suhani Laxmi Plast Mould
  • HangZhou RuiTeng Tools Co.,Ltd
  • Zhongshan Geelong Mfg. Co. Ltd.
  • Apex Tool Group Singapore Pte Ltd
  • Others

Which Factors Drive the Market Growth for the Telescopic Tool Boxes to a Great Extent ?

The major factor that pushes the market growth for the telescopic tool boxes is its feature of storing and carrying various tools at the same time and in one box. The portability and light weight feature also adds to the demand for the telescopic tool boxes by the end-users. Also, as the tools can be carried anywhere using telescopic tool boxes it makes possible to work in the remote places where tools are not available for repair purpose.

The telescopic tool boxes are strong and offer security which uplifts the sales of telescopic tool boxes. The telescopic tool boxes made from plastic are tough and durable which attracts the household as well as the industrial end-users. Overall, the high-performance and its enhancing features propel the demand for telescopic tool boxes.

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Which Factor Limits the Growth of the Telescopic Tool Boxes Market?

The availability of various alternative options such as tool kit, and others hinders the market growth for the telescopic tool boxes. Also, the availability of raw material in future period may hamper the production of telescopic tool boxes. The raw material availability challenge can be overcome through using the recycled material which can be easily gained.

How will the Growing Electrical Market Create Opportunity for the Telescopic Tool Boxes Market?

The telescopic tool boxes have wide application in the household as well as industrial use. The expanding and penetrating electrical industry worldwide will push the demand for the telescopic tool boxes as it requires various tools to operate and repair.

The telescopic tool boxes will make work easy for end-users by storing all the tools in one place and also can be carried anywhere. The requirement for tools will increase with the rise in the electrical industry which ultimately will create the market growth opportunity for the telescopic tool boxes manufacturers to raise their sales.

What is the Key Trend Augmenting the Sales of Telescopic Tool Boxes Market?

The trend of portable and convenient carry boxes for various tools and components will supplement the sales for the telescopic tool boxes. The telescopic tool box will help the end-users to operate and carry the repair work anywhere by carrying the tools in the telescopic tool box, and this factor will propel the sales of telescopic tool boxes.

Key Segments of Telescopic Tool Boxes Covered in the Report

Based on Material:

  • Steel
  • Aluminium
  • Plastic
  • Others

Based on End-user:

  • Household
  • Industrial
    • Electrical
    • Automobile
    • Others

Based on Compartment:

  • 1 compartment
  • 2 compartment
  • More than 2 compartment

Based on Region:

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

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About Future Market Insights, Inc.

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports