Market Research Blog – Page 9295 – New Product Development

U.S. Rolling Papers Market are slated to increase at a 3.7% CAGR By 2032

The global rolling papers market is estimated to reach a valuation of US$ 679 Mn in 2022. Sales are projected to grow at a steady 5.1% CAGR, with the market size reaching US$ 1.1 Bn by 2032.

Traditionally, tobacco was smoked using paper scraps and leafs of different trees. However, paper scraps and leafs have gradually evolved into sophisticated and commercial rolling papers. Cigarette paper or rolling papers are made from non-wood plant fibers such flax, hemp, sisal, rice straw, and esparto.

Rolling papers are available in several forms, which include transparent, colored, and flavored. These papers offer desired tearing strength, thickness, low air permeability, and excellent burning speed control. Rising number of commercial cigarette brands and surging popularity of roll-your-own method of smoking will bolster sales in the market in the forthcoming years.

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Further, urbanization in developing countries across Asia and Latin America is fueling the demand for the tobacco smoking products. As a result of the changing pace of living and growing hectic lifestyles in the urban areas many people prefer quick dopamine releasing products like coffee and cigarettes. Furthermore, legalization of recreational use of cannabis in various countries will augment the growth in the market.

Increasing availability and sales of rolling papers via online channels in anticipated to boost sales in the forthcoming years. Several companies are investing in the development of online sales platforms to increase their geographical reach.

Furthermore, the companies also benefit from the data entered by the customers at the time of purchasing the product. The data collected from the website is used to make a data-driven decision, gain insights regarding the consumer buying pattern, product demand and regional demand.

Online sales channels also enable companies to manage the inventory of the products in demand, reducing the overhead costs incurred in setting up physical supply and distribution networks, and improving consumer engagement.

Consumers are able to compare prices and make better purchasing decisions with the help of online platforms. Thus, the growing adoption of online sales channels is anticipated to propel sales in the market.

“Legalization of recreational cannabis consumption across various states and countries, along with surging demand for hemp-based rolling papers for a better smoking experience will continue driving sales in the market over the forecast period,” says an FMI analyst.

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Key Takeaways:

By material type, hemp segment is estimated to account for around 60% of the total market share in 2022.
In terms of basis weight, demand in the 10 gsm to 25 gsm segment will increase at a 4.6% CAGR through 2032.
Sales in the U.S. rolling papers market will grow at a 3.7% CAGR, reaching a valuation of US$ 164.8 Mn by 2032.
China will account for a dominant share in the East Asia rolling papers market, with total sales reaching US$ 136 Mn by 2032.

Rolling Papers Market Landscape

Schweitzer-Mauduit International, Inc., Delfort Group AG and Republic Technologies are the top players operating in the rolling papers market. Furthermore, Richer Paper Co., Ltd., Snail Custom Rolling Papers, Nippon Paper Papylia, Pura Group, Mudanjiang Hengfeng Paper Co., Ltd. JOB de Jean Bardou, Devambez, Moondust Paper Private Limited and Miquel y Costas are the key players operating in the global rolling papers market. The Tier 3 players in the market are expected to hold 55-65% of the global rolling papers market share.

Rolling Papers Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global rolling papers market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals growth projections on the rolling papers market based on material type (flax, sisal, hemp, rice straw and others (esparto, etc.)) and basis weight (up to 10 gsm, 10 gsm to 25 gsm and 25 gsm & above) across seven regions.

Table Of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

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Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

Global Rolling Papers Market Demand Analysis 2015–2021 and Forecast, 2022–2032

5.1. Historical Market Volume (Tonnes) Analysis, 2015–2021

5.2. Current and Future Market Volume (Tonnes) Projections, 2022–2032

5.3. Y-o-Y Growth Trend Analysis

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

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Tetramethyl Orthosilicate Market to Reach US$ 252 Million by 2032

FMI provides a new study to elucidate the potential growth parameters of the Tetramethyl Orthosilicate market. On the back of prevailing trends FMI presents a positive growth outlook. In its latest report, ESOMAR-certified market research firm Future Market Insights offers an extensive study on the market for Tetramethyl Orthosilicate.

The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Tetramethyl Orthosilicate market structure. FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries.

FMI’s latest report on global Tetramethyl Orthosilicate market provides analysis on regulatory landscape and profitable epidemiology. The study also tracks global sales of primary Tetramethyl Orthosilicate in 20+ high-growth markets, along with the detailed coverage of the impact COVID-19 had on the Tetramethyl Orthosilicate market.

In the last couple of years, chemicals & materials industry has witnessed considerable technological advancements across various sectors. Coupled with this, increasing research and development activities following the outbreak of COVID-19 have had a positive impact on the overall growth.

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With the development in petroleum & oil and gas companies and R&D activities, the market has witnessed a healthy expansion. FMI’s latest report offers significant details about the latest trend and challenges that the Tetramethyl Orthosilicate market is expected to witness in the upcoming decade.

Impact of COVID-19 on Tetramethyl Orthosilicate Market

The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.

The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Tetramethyl Orthosilicate market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.

Important Questions Answered in the Tetramethyl Orthosilicate Market Report

How will the Tetramethyl Orthosilicate market expand through 2032?
Which region is the most lucrative in the Tetramethyl Orthosilicate market?
What are the recent technological developments in the Tetramethyl Orthosilicate market?
What are key challenges and competition threats faced by Tetramethyl Orthosilicate market players?
Who are prominent players leading the Tetramethyl Orthosilicate market?

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Key Segments Covered in the Tetramethyl Orthosilicate Market Study

By Purity:

Low Purity (<99%)
High Purity (>99%)

By Function:

Binder
Chemical intermediate
Drying agent
Crosslinking agent
Insulating material

By End Use Industry:

Chemical
Polymer & Rubber
Paints & Coatings
Adhesives & Sealants

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia-Pacific
Japan
Middle East and Africa

Tetramethyl Orthosilicate Market: Competitive Evaluation

The FMI’s Tetramethyl Orthosilicate market report provides a comprehensive analysis on key players operating in the Tetramethyl Orthosilicate market. Some of the key players are:

Qufu Chenguang Chemical Co., Ltd.,
Nantong Chengua Chemical Factory,
Merck KGaA,
Tokyo Chemical Industry Co., Ltd.,
Alfa Aesar, GELEST,
INC., Avanto

With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.

Why Buy FMI’s Report?

Extensive analysis on high growth niche markets across major regions
Detailed assessment on key segments and sub-segments
Recent and upcoming strategies tracked of manufacturers for the Tetramethyl Orthosilicate market
Reliable information on new product launches, technological advancements, and more
Valuable insights on the impact of regulatory framework on the global Tetramethyl Orthosilicate market

Industrial Drums Market is projected to reach US$ 17.6 Bn by 2027, at a CAGR of 7.1%

Future Market Insights has recently published a report titled “Industrial Drums Market: Global Industry Analysis (2012 – 2016) & Opportunity Assessment (2017 – 2027).” The report states that the preference for industrial drums is steadily rising owing to their convenience and inexpensive nature. A drum is a round and hollow holder utilised for delivery of mass freight.

Drums can be made of steel, thick paperboard (usually known as a fibre drum), or plastics, and are for the most part utilised for the transportation of fluids and powders. Drums are regularly used for the shipment of unsafe products. Sent products must be coordinated with the make of the drum and it is important to adhere to relevant regulations. Drums are additionally called barrels in like manner use.

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The global industrial drums market is expected to exhibit a CAGR of 7.1% from 2017 to 2027. The market is expected to rise to a valuation of approximately US$ 17,684 Mn by the end of the forecast period. On the basis of product type, steel drums are expected to account for a leading share of over 73% by the end of 2027. Although steel drums are anticipated to lead the market throughout the forecast period, the use of plastic drums is expected to rise in the years ahead owing to their inexpensive nature.

Inexpensive and Convenient Nature of Industrial Drums to Fuel Global Adoption

One of the significant factors triggering the demand for industrial drums is the convenience and inexpensiveness offered by industrial drums. The performance of the manufacturing sector and industrial output has further supported the demand for industrial drums in the global market. Manufacturing activities in India and China are challenging at one hand and the ASEAN countries are competing to match up to this, thus intensifying the demand for industrial drums.

The performance of European countries has stabilised and is likely to grow at a modest rate resulting in heightened demand for products used for shipping purposes. As there is a high co-relation between industrial output and demand for industrial drums, with a stabilised manufacturing sector output, the enhanced demand for industrial drums is evident. Though the demand for these industrial products is likely to be highly concentrated in the APAC region, a substantial contribution to the global demand is also anticipated from other clusters such as the Middle East and Eastern Europe. The Western Europe and North America markets are likely to post perpetual demand during the forecast period.

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APEJ to Present Lucrative Growth Prospects for Industrial Drums

The Asia Pacific except Japan or APEJ region is witnessing headway in the consumption of industrial drums for exporting vegetable oil and wines. Oil exporters in South East Asian countries including Indonesia and Malaysia are preferring industrial drums over other bulk packaging products. Industrial drums provide higher operational efficiency and effectiveness in shipping bulk quantities of commodities in liquid form. Exports from ASEAN countries of products such as palm oil is witnessing strong demand in India, China and countries across Europe. The exports of vegetable oil and related products has grown by 1.5x between 2007 and 2016. Industrial drums have emerged as a cost-effective transport packaging solution for shipment of other non-hazardous materials such as wines, fruit juices, etc. Countries in the APEJ region with strong agricultural output are improving their export volume by implementing effective means of storage, transport and packaging solutions.

Product Quality to be of Primary Concern to Market Players

The players operating in the market are mainly focussing on enhancing their product quality and differentiating from their competitors in order to maintain a stronghold over the market. Some of the companies operating in the global industrial drums market are Greif, Inc., Sicagen India Ltd., Balmer Lawrie & Co. Ltd., Time Technoplast Ltd., Schutz Container Systems, Inc., Mauser Group B.V., Industrial Container Services, LLC, TPL Plastech Ltd., Eagle Manufacturing Company, and U.S. COEXCELL Inc.

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Report Objectives

To analyze and forecast the global Industrial Drums market size in terms of value and volume
To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
To define, describe, and forecast the market by type, material, and application
To forecast the market size with respect to five main regions: Asia Pacific (APAC), the Middle East & Africa, Europe, North America, and South America
To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing market growth
To strategically profile the key players and comprehensively analyze their market shares and core competencies
To analyze competitive developments in the market, such as investments & expansions, new product developments, partnerships & collaborations, and mergers & acquisitions

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Dairy Products Packaging Market Analysis Report by Marketing Strategy, Promotions, New Product Launches and Emerging Trends by 2030

As per FMI the global dairy product packaging market is estimated to record a steady growth throughout the assessment period, 2020-2030. The market growth is primarily attributed to widespread milk uptake on a worldwide level, usage of dairy products in the food & beverage sector, as well as stringent food safety regulations.

“Rising demand, as well as distribution of dairy products through robust and organized retail supply chain channels, has augmented the demand for dairy product packaging in the global market,” says an FMI analyst.

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Dairy Products Packaging Market – Key Highlights

Asian regions led by countries such as India and China generate sturdy demand due to extensive consumption of milk and milk products.
Paper and paperboard materials will exhibit high demand throughout the forecast period.
Milk application will remain the prominent revenue contributor in the market, due to increased uptake by a health-conscious consumer.
Rigid packaging formats will account for maximum market share over the assessment period.

Dairy Products Packaging Market – Drivers

Smaller portions packaging is anticipated to gains traction as well as will support long-term market growth.
Sustainability initiatives in the global market boosts innovations, thus catalyzing market expansion.
Growing trend for transparency in dairy packaging is driving the overall market growth, as players are focusing on packaging aesthetics and product differentiation.
Transport and logistics needs and roles in increasing products shelf-life as well as positively prompting growth prospects.

Dairy Products Packaging Market – Restraints

Effect of recycling challenges related to dairy packaging products can hinder market growth.
High operational cost of packaging can create bottlenecks for market players in the market.

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COVID-19 Impact on the Market

The COVID-19 outbreak has adversely impacted the global market for dairy product packaging. Prevalent lockdown limitations have upset supply chains in the industry, which ensued in huge-scale wastage of milk resources in several parts of the globe. This consecutively has impacted short-term packaging demand.

Moreover, the demand for dairy-based ice-cream, yogurt, and desserts has dropped sharply amid the crisis, restraining packaging supply chains. The market recovery will be steady as concerns over the economic implications of the outbreak remain ambiguous.

Competitive Landscape

Market players are investing into product research, particularly in discovering the new materials with end goal of sustainability, and functionality. Implementation of eco-friendly formats and materials, and endeavors towards aesthetics will remain significant for players over the projected period. Key players active in the global market include WestRock Company, Mondi Group, Bemis Company Inc., Sealed Air Corporation, CKS Packaging, Barry-Wehmiller Companies, Airlite Plastics, Nampak Ltd., ELOPAK, Saint-Gobain S.A., CLONDALKIN Group Holdings, Saudi Basic Industries Corporation, Evergreen Packaging, Stora Enso Oyj, Ahlstrom, Huhtamaki Group, Rexam, International Paper Company, , Tetra Pak and Consolidated Container Company LLC.

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Key Segments Covered in Dairy Products Packaging Industry Research

By Type :

Bags and Wraps
Bottles
Cans
Cartons & Boxes
Cups
Films & Wraps
Pouches
Tubes
Others

By Application :

Milk
Cheese
Frozen Products
Yogurt
Cream
Butter and Ghee
Ice-cream
Cultured Products
Others

By Material :

Glass
Metal
Paperboard & Paper
Plastic
Others

By Distribution Channel :

E-Commerce
Specialty Retailers
Supermarkets & Hypermarkets
Others

By Region :

North America Dairy Products Packaging Market
Latin America Dairy Products Packaging Market
Europe Dairy Products Packaging Market
East Asia Dairy Products Packaging Market
South Asia Dairy Products Packaging Market
Oceania Dairy Products Packaging Market
Middle East & Africa (MEA) Dairy Products Packaging Market

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Pentane Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2022-2028

Pentane is a hydrocarbon organic compound that has a gasoline-like odor and is usually burnt as a fuel. Pentane finds numerous industrial applications; for instance, it is used as an ingredient in the production of petroleum. Its primary application is in creating blowing agents, which are in turn used in manufacturing polyesters (foams). Pentane has three isomeric forms, i.e. iso-pentane, n-pentane and neo-pentane, which are generally used in blowing agents, electronic cleansing or as chemical solvents.

Pentane: Market Drivers and Challenges

The growth of the global pentane market can be attributed to the rapid adoption of automobiles across the globe, which in turn is estimated to step-up the adoption of gasoline. Pentane acts as a blending agent in gasoline, which is augmenting the growth of the gasoline market. Further, for polystyrene and polyurethane, pentane behaves as a blowing agent. Increasing disposable income and the inclination towards higher living standards have changed the lifestyle and buying power of the public, resulting in a jump in the sales of electronic appliances, which require polystyrene and polyurethane foam insulation for cooling purpose.

This in turn is increasing the consumption of pentane in the global market. In addition, pentane and its byproducts are used as refrigerants in electronic appliances (fridge and air conditioners), which is another factor contributing towards the growth of the global pentane market. Therefore, the growth of the electronics industry has a significant impact on the consumption of pentane and is expected to create sizable growth opportunities in the global pentane market over the forecast period.

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On the flip side, pentane, being highly volatile and hazardous, evaporates in the environment rapidly at room temperature and burns above 360 Celsius. Also, when mixed with water or vapor, it can be exceedingly flammable. Further, the exposure of pentane to living beings or the environment, particularly aquatic animals, could be harmful as it consists of a high level of volatile organic compounds (VOCs). The presence of VOCs can also damage crops. Furthermore, though pentane has not been classified as carcinogenic, its exposure has an adverse effect. As a result, several regulatory bodies have established and imposed stringent regulations.

For instance, in Europe, pentane pollution is controlled through PPC (pollution, prevention, and control) regulations and U.K. National Air Quality Strategy. The European Solvents Directive (99/13/EC) also controls the consumption and release of pentane in the environment. Moreover, due to these challenging factors, pentane is gradually being replaced by propylene glycol methyl ether or propylene glycol methyl ether acetate. Also, the handling of pentane requires skilled labor, which could affect the growth of the pentane market to some extent over the forecast period.

Pentane Market: Regional Market Outlook

Among all regions, North America is anticipated to hold a significant share in the pentane market, owing to the widespread presence of the electronics industry and huge demand for blowing agents in polyester applications. In Asia Pacific, counties such as Japan, South Korea, China, India, and Japan, the demand for pentane is expected to be surplus as a result of the significant presence of electronic manufacturing facilities. Further, the demand for pentane in Europe is likely to subside due to the stringent regulatory scenario; hence, the consumption of pentane could be replaced by propylene glycol methyl ether or propylene glycol methyl ether acetate.

Pentane Market: Market Participants

The global pentane market is anticipated to be highly fragmented, owing to the presence of numerous local manufacturers. Examples of some of the market participants in the global pentane market identified across the value chain include:

Maruzen Petrochemical
Yeochun NCC Co., Ltd.
LG Chem
HCS Group
Top Solvent Co., Ltd.
Merck KGaA
TCI Chemicals (India) Pvt. Ltd.
Exxon Mobil Corporation
Phillips 66 Company

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

The Pentane report covers exhaustive analysis on

Pentane market segments
Pentane market dynamics
Pentane market size
Pentane supply & demand
Current trends/issues/challenges in the pentane market
Competition & companies involved in the pentane market
Pentane technology
Value chain of the pentane market

Regional analysis includes

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

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

Pentane Market: Market Segmentation

On the basis of product type, the global pentane market has been segmented into:

n-Pentane
Iso-Pentane
Neo-Pentane

On the basis of application, the global pentane market has been segmented into:

Blowing agent
Electronic cleansing
Chemical solvent

Floating Covers Market Size is projected to total US$ 1.29 Bn by 2027

Waste water treatment and water conservation measures have increased the demand for a covering to protect water from the elements. Floating covers are utilised in tanks, ponds, and lagoons and are comprised of flexible geomembrane lining materials. Floating covers market are a cost-effective option for managing odour, limiting liquid loss owing to evaporation, avoiding algae growth, and protecting liquids from contamination from the outside.

Underneath the geomembrane, floating coverings can have a buoyancy mechanism that allows the cover to rise and fall in response to the level of confined liquid. Floating covers have the advantage of allowing oxygenation of water but not evaporation, making them an excellent option of cover for a variety of industrial applications. With the global depletion of water resources, the global floating covers market is expected to see a significant increase in demand during the forecast period.

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The global floating covers market is expected to reach $1.01 billion in 2022. The market is expected to reach US$ 1.29 billion by 2027, growing at a robust 4.8 percent CAGR.

Floating Covers: Market Dynamics
The growth of the global floating covers market is attributed to their wide application and use across various domains. Floating covers are used widely across waste water treatment plants for odour control and also to dissuade wildlife from accessing the ponds. Manufacturers of floating covers are eyeing increased applications and end uses for floating covers, such as algae and methane collection, oil and gas frac lagoons, water storage reservoirs, waste lagoons, and evaporation ponds. Gradually, manufacturers of floating covers are expected to have higher preference for durable and environment-friendly products, which require little to no maintenance. Growth of the floating covers market is also driven by the need to protect water from evaporation and also to prevent the loss of water treatment chemicals such as chlorine etc. A key trend prevailing in the global floating covers market is the use of various plastic resins other than the traditional ones for enhanced mechanical performance of the floating covers. A number of case shave been reported regarding the degradation of floating covers when exposed to chlorinated water. Hence, development of floating covers with materials that resist such chemical degradations is expected to bring in new opportunities of growth for the global floating covers market. It is anticipated that gradually, all manufacturers of floating covers will prefer products which do not become saturated or degrade in water, thus facilitating growth of the global floating covers market.

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Floating Covers: Market Segmentation
The global floating covers market is segmented on the basis of liquid type, material type, application, and geography.

Floating Covers Market By Category

By Material Type:

Linear Low-density Polyethylene (LLDPE)
High-density Polyethylene (HDPE)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Others

By Application:

Mining Storage Ponds
Agriculture (Slurry, Lagoons)
Waste Water/Liquid Treatment
Food Processing & Brewing
Chemical Treatment
Utilities & Other

By Region:

North America
Western Europe
Eastern Europe
Latin America
Asia Pacific excluding Japan
Middle East and Africa

Floating Covers Market: Regional Outlook On the basis of geography, the global floating covers market is segmented into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. Asia Pacific floating covers market is expected to witness growth at the highest CAGR due to a large number of initiatives by the governmental as well as non-governmental organizations for the conservation as well as treatment of water. North America is expected to follow the Asia Pacific market in terms of growth. The growth of the floating covers market is expected to be high in economies which have high bio gas production plants. Latin America and Middle East & Africa are expected to witness sluggish growth in the global floating covers market during the forecast period.

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Floating Covers Market: Key players

Some of the key players operating in the global floating covers market are Industrial & Environmental Concepts, Inc., ETP, Inc., Advanced Water Treatment Technologies Inc., Solmax, GSE Environmental, BTL Liners, Albers Alligator, Aeramix, and Pooled Energy.

Report Objectives

To analyze and forecast the global Floating Covers market size in terms of value and volume
To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
To define, describe, and forecast the market by type, material, and application
To forecast the market size with respect to five main regions: Asia Pacific (APAC), the Middle East & Africa, Europe, North America, and South America
To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing market growth
To strategically profile the key players and comprehensively analyze their market shares and core competencies
To analyze competitive developments in the market, such as investments & expansions, new product developments, partnerships & collaborations, and mergers & acquisitions

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Drug Delivery Solutions Market exhibiting growth at 6.8% CAGR between 2021 and 2031

Expansion of healthcare industry and need for solutions to control the loss in financials caused due to counterfeiting practices is propelling the demand in the drug delivery solutions market, finds Future Market Insights.

As per the study, the healthcare industry witnessed a major decline over the past few years as pharmaceutical products are recalled for various quality errors arising out of complex supply chain issues.

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Hence, pharmaceutical product manufacturers are increasingly facing the challenge of maintaining cost levels while investing in advance solutions such as anti-counterfeit and track and trace technologies.

Subsequently, key players are continuously innovating their product development activities to come up with solutions that allow pharmaceutical manufacturers to save cost while also deliver value to consumers and end-users.

Solutions such as embedding repeated watermarks in flexible composite structures or multi-layer rigid packaging formats allow manufacturers to prevent anti-counterfeiting of pharmaceutical products.

Anti-counterfeit technology embedded in packaging maintains the integrity of packaging as well as pharmaceutical products throughout complex supply chains. Hence, manufacturers in pharmaceutical industry are increasingly demanding packaging solutions that have a cost-effective anti-counterfeit solutions.

This is increasing the demand of drug delivery solutions at 6.8% CAGR, surpassing US$ 101.33 Bn by the end of 2022.

Temperature and Moisture Control Pharmaceutical Packaging to Assert Dominance

Biopharmaceutical industry faced losses of approximately US$ 35 billion due to temperature abuse in 2019. To maintain the stability and extend shelf-life of pharmaceutical products, extremely protective and active packaging are introduced by manufacturers.

High-quality, temperature and odor controlled, stabilizers, and moisture scavenging packaging is gaining immense popularity among pharmaceutical and healthcare solution providers. Manufacturing of embedded pharmaceutical packaging formats such as vials and ampoules, prefilled syringe and cartridges among others are expected to increase the demand for drug delivery solutions.

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Key Takeaways

In terms of product, bottles segment is expected to hold over 2/5th of the global market share in 2021.
Vials and ampoules are expected to exhibit growth at a CAGR of 9.3% during the forecast period.
Based on material, metal drug delivery solutions are expected to increase by 2.1x during assessment period.
Injectable application is expected to generate incremental opportunity of US$ 30.8 Bn during the projection period of 2021-2031.
Regionally, Europe is expected to account for over 24% of the total market value in 2021.

“Innovative packaging designs made from newer materials is expected to push sales of drug delivery solutions globally. In order to carve a niche, manufacturers are providing advanced packaging solutions. This is expected to boost the demand in drug delivery solutions market,” says a FMI analyst.

Plastic is a Blessing in Disguise for Drug Delivery Solutions Market

Glass has been traditionally used in the manufacture of pharmaceutical packaging solutions, including bottles, ampoules, and vials.

However, there has been a gradual adoption of plastic as an alternative material solution and introduction of blow fill seal (BFS) technology. In order to capitalize on this trend, major drug delivery solution producers are providing plastic packaging solutions.

The delicate and heavy weight characteristics of the glass makes a challenge in the transport and shipping of the products in a long and complex supply chain in the pharmaceutical industry. Therefore, glass pharmaceutical packaging products are mostly being fill-in by packaging products made of plastics, including PET, HDPE, LDPE, PVC, and PP.

Plastics are cost-effective and easy to procure, to apply across product ranges, and convenient to transport. Plastic pharmaceutical packaging offers cost savings to stakeholders across the value chain, including manufacturers, wholesalers, suppliers, and end-users.

Plastics have also allowed fast-paced advancement in technology, including injection blow-molding, extrusion blow-molding, and 3-D design software for design improvement. Hence, manufacturers are extensively using plastic for drug delivery solutions.

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Drug Delivery Solutions Market Landscape

Some of the players involved in the manufacturing of Amcor Plc, Schott AG, Gerresheimer AG, Berry Global, Inc., Klockner Pentaplast Group, Becton, Dickinson and Company, Ardagh Group S.A., West Pharmaceutical Service, Inc., Bilcare Limited, Wipak Group, Mondi Plc, Sealed Air Corporation, Constantia Flexibles, Clondalkin Group Holdings B.V., West Rock Company, UDG Healthcare plc, Catalent, Inc., Sonocco Products Company, Reike Corporation, Adelphi Healthcare Packaging, Nipro Corporation, Uflex Ltd., ACG Pharmapack Pvt. Ltd., Piramal Glass Limited, Parekhplast India Ltd., Shandong Pharmaceutical Glass Co., Ltd., Avesta Continental Pack, Shanghai Tongpeng Electric Material Co., Ltd., Khemka Glass, and TPAC Packaging India Private Limited (Sunpet).Tier one players are expected to hold 15% to 20% of the global drug delivery market.

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Jerry Cans Market is Expected to grow US$ 3.2 billion by the year 2031

Sustained consumption of petroleum and lubrication products by manufacturing and industrial sectors continues to drive demand for jerry cans at a global level.

Despite emergence of intermediate bulk containers (IBCs) as a cost-competitive and space-conserving alternative, the demand for jerry cans remains healthy owing to high adoption by food & beverages and chemical industries. The global jerry cans market is set to exhibit a steadfast CAGR of 5% during 2022-2031.

Manufacturers are focusing on new innovative packaging to increase sales, which include refilling of gas in jerry cans. With advancements in shipping and logistics industries, manufacturers are providing gas knobs in jerry cans as a part of new innovative designs.

Furthermore, intercontinental trade of petroleum, oil, and lubricants is expected to remain positive in the next five years, thereby driving sales of jerry cans.

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Key Takeaways — Jerry Cans Market Study

The food & beverages industry will remain the key end user of jerry cans, attributing to ascending demand for vegetable oil, juices, and milk.

Manufacturers are developing products to meet end users’ specific requirements such as their demand for premium grade jerry cans to sustain fuels at the desired temperature. These developments, on the backdrop of value creation such as cost efficiency, increased storage capacity, and sustainability of plastic jerry cans, allow customers to gauge substantial long-term benefits.

Plastic jerry cans account for over 85% of overall sales and would remain prominent in the global jerry cans market in next ten years. Metal jerry cans on the other side, will witness gradual demand.

Jerry can manufacturers are leveraging their in-house research, testing, and development capabilities to innovate products in the industrial chemical sector.

The industrial sector is expected to exhibit increasing usage of larger and higher-value containers such as customized jerry cans. Furthermore, the demand for jerry cans is anticipated to significantly heighten in years to come, as manufacturers as well as suppliers in the food & beverage products have been consistently focusing on raising their production bars.

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Manufacturers Eying Opportunities in Europe and South Asia

Over the past several years, the food & beverages industry has witnessed astonishing growth in regions such as European and South Asian countries. Leading jerry can manufacturers are targeting these regions to capture a prominent market share.

Countries such as India, France, and Germany are leading milk producers, which create enormous opportunities for jerry cans manufacturers to strengthen their business footprints in these regions.

Rising industrial manufacturing outputs also support the growth of jerry cans market. In 2021, the Grief Inc. announced the expansion of its CorrChoice sheet feeder network with the addition of new jerry cans facility.

More Valuable Insights on Jerry Cans Market

Future Market Insights, in its new offering, offers an unbiased analysis of the global jerry cans market, analysing historical demand from 2016-2021 and forecast statistics for 2022-2031.

The study unravels growth projections on the jerry cans market on the basis of material (plastic and metal), capacity (below 10 litres, 10-25 litres, and above 25 litres), and end use (food & beverages, agrochemicals, industrial chemicals, petroleum & lubricants, and others), across the seven major regions.

The food & beverages segment is further sub-segmented into vegetable oil, juices & milk, and others. The agrochemicals segment is further sub-segmented into fertilizers and pesticides. The industrial chemical segment is further sub-segmented into hazardous and non-hazardous, petroleum & lubricants, and others.

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Jerry Cans Market By Category

By Material Type:

Plastic
Metal

By Capacity:

Below 10 Liters
10 Lt to 25 Liters
Above 25 Liters

By End Use:

Food & Beverage
- Vegetable Oil
- Juices & Milk
- Others
Agrochemicals
- Fertilizers
- Pesticides
Industrial Chemicals
- Hazardous
- Non-hazardous
Petroleum & Lubricants
Others (Paints/Inks/Dyes, etc.)

By Region:

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

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Sachet Packaging Market Size & Share | Industry Trends Analysis Report for 2031

The sachet packaging market is predicted to reach a worth of 8.7 Bn in 2022, according to research by Future Market Insights (FMI). The sachet packaging market is expected to increase at a year-over-year (YoY) rate of 5.4 percent in 2021 as a result of rising consumer demand for compact and practical packaging options.

By the end of 2022, the market is anticipated to reach a volume of about 999 billion units. Between 2021 and 2031, the sachet packaging industry is expected to develop at a strong 5.8 percent compound annual growth rate (CAGR).
North America and Asia Pacific will become important markets. By the end of 2031, they are anticipated to provide more than 60% of total revenue. This can be related to the rise in sachet packing demand worldwide.

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“Launching small-sized, one-time use product sachets has helped brands survive the retail revolution over the recent years. With technology innovations in packaging machinery are making a strong attempt to overcome the longstanding drawbacks facing the packaging industry, such as poor productivity, the FMI study finds that sachet packaging is rapidly emerging as a way to increase profit margins, as it requires lesser volumes to be filled in packages”.

Opportunities in Pharmaceutical Packaging Hinting Positive Prospects

The sachet packaging market is likely to expand at a CAGR of ~5.8% over the course of next eight years. First-time buyers have been the primary target for manufacturers selling products in small-sized sachets, according to the report. Furthermore, as modern consumers continue to develop interest in functional packaging, several brands are incorporating sachet packaging into their product marketing strategies, emphasizing increased number of trials and promotions.

Opportunities abound for sachet packaging market players in low-income countries, as retailers in these nations are adopting the small packaging trend over bulk packaging, target untapped consumer population. A growing focus of companies on increasing accessibility and affordability of products to ultimately penetrate new markets, has been significantly favoring the demand for sachet packaging.

Growth prospects of the sachet packaging market, as the report opines, are high in developing countries of Asia Pacific, accounting for one-third share of the total revenues. The growing importance of single-serve packaging among consumers for a multitude of products, especially cosmetics, personal care, and FMCG, has enabled market players to firm up within the region. Lighter, portable, and cost-effective nature of sachets continue to make sachet packaging an attractive proposition for the low-income consumers as well as young and active millennials.

According to the study, single-unit-use of sachets for pharmaceutical products is emerging as an effective way to overcome challenges posed by shorter shelf life or inaccurate doses. With increased healthcare expenditure and growing need for effective packaging which are child-resistant and senior-friendly, sachet packaging will have more ground to cover in the pharmaceutical sector. Sensing the potential growth opportunities, market players are focusing on investing in pharmaceutical machinery for sachet packaging format to facilitate ease of use and improved medicine management.

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Key Companies Profiled

Glenroy Inc.,
Amcor Plc,
Constantia Flexibles Group GmbH,
Huhtamaki Oyj,
ProAmpac LLC,
AE Adams (Henfield) Ltd.,
Paharpur 3P,
RCP Ranstadt GmbH,
Sharp Packaging Services,
Sealed Air Corporation,
Mondi Plc,
Clondalkin Group Holdings B.V.,
Printpack Inc.,

Lindopharm GmbH, American Packaging Corporation, Transcontinental Inc., Schur Flexibles Group, Deve-pack, Uflex Ltd. and Amber Packaging Industries LLC.

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Key Segment

By Material Type

Plastic
- Polyethylene
- Polypropylene
- PET
- Polyamide
- Others
Paper
Aluminum Foil
Others

By Pack Size

1 ml – 10 ml
11 ml – 20 ml
21 ml – 30 ml
Above 30 ml

By Packaging Machinery

Vertical Form-fill-seal Machines (VFFS)
Horizontal Form-fill-seal Machines (VFFS)

By Application

Food
- Sauces & Jams
- Spice & Condiments
- Tea & Coffee
- Others
Personal Care & Cosmetics
- Shampoo & Conditioners
- Face packs & Gel
- Hair Oil
Pharmaceuticals
Industrial
Sealants & Adhesives
Lubricants & Solvents
Tobacco

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Kinase Inhibitors for Cancer Treatment Market Upcoming Trends and Analysis Report 2022-2032

Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Kinase Inhibitors For Cancer Treatment Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period.

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Impact of COVID-19 on the Healthcare Industry

The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Healthcare industry as well. The thriving market of health care research and development is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower. It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.

The team of analysts at Future Business Insights are focussing on research and market study to produce different Kinase Inhibitors For Cancer Treatment Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Kinase Inhibitors For Cancer Treatment Market.

Key Players

Some of the key participating global players in kinase inhibitors for cancer treatment global market are Pfizer Inc., Boehringer Ingelheim GmbH, Novartis AG, Incyte Corporation, MedImmune, AstraZeneca, Eisai Co., Ltd., Takeda Pharmaceutical Company Limited and others.

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Segmentation

Kinase inhibitors for cancer treatment global market is segmented into following types:

By Product Type

Angiogenesis inhibitors
m-TOR inhibitors
BRAF and MEK inhibitors
Bcr-Abl tyrosine-kinase inhibitors (TKI)
EGFR inhibitors
Others (PI3K Inhibitors, aurora-kinase inhibitors etc)

End User

Hospitals
Research Organizations

By Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

Queries Solved

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What are the attractive investment opportunities within the Kinase Inhibitors For Cancer Treatment Market in the Healthcare Industry?

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What are the key market players focusing on?

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What are the recent trends in Kinase Inhibitors For Cancer Treatment Market in the Healthcare Industry? (M&A, partnerships, new product developments, expansions)?

What are the challenges to the Kinase Inhibitors For Cancer Treatment Market in the growth of the Healthcare Industry?

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Reasons to buy the report

We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

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