Steroid-Free Nasal Sprays Market is projected to reach US$ 14.9 Bn by 2032 | FMI

[225 Pages Report] Steroid-free nasal sprays are medications that are directly delivered to nasal cavities with the avoidance of first-pass metabolism and also provide better bioavailability. It includes nasal antihistamine sprays, nasal decongestant sprays, nasal anticholinergic sprays, and nasal cromolyn sodium sprays.

As per Future Market Insights’ latest industry analysis, the global steroid-free nasal sprays market was valued at over US$ 7.75 Bn in 2021 and is expected to exhibit a CAGR of 6.3% over the forecast period, pushing the market size to US$ 14.9 Bn by 2032.

Data Points Market Insights
Steroid-free Nasal Sprays Market Base Yea Value (2021) US$ 7.7 Bn
Estimated Market Size (2022) US$ 8.1 Bn
Projected Market Valuation (2032) US$ 14.9 Bn
Value-based CAGR (2022-2032) 6.3%
Share of Top 5 Countries 57.9%

There is a subsequent rise in the prevalence of allergic rhinitis worldwide due to several risk factors including urbanization and environmental pollutants. According to a recent study conducted in 2022, allergic rhinitis affects about 25% to 40% of the population worldwide. It also states that approximately 80% of allergic rhinitis symptoms develop before the age of 20.

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Recently, there has been an increasing emphasis on mental illnesses due to the significant rise in cases of major depressive disorders. Among these, depression is a common mental disorder. According to WHO, approximately 280 million people of all ages suffer from depression.

Due to rising adverse effects of depression, manufacturers in the steroid-free nasal sprays market are focusing on introducing products that can be used for the treatment of these disorders in the most effective manner.

Moreover, an increased number of regulatory approvals have been observed in the steroid-free nasal sprays market which is propelling the launch of innovative products. Therefore, manufacturers in the market are focusing on getting regulatory approvals to improve sales in the market.

“Rising availability of generic nasal sprays, along with increasing promotional activities by manufacturers at online channels will boost sales of steroid-free nasal sprays over the assessment period,” says an FMI analyst.

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Key Takeaways:

  • Based on product type, sales of nasal antihistamine sprays will increase at a 5.9% CAGR through 2032.
  • The aqueous by formulation segment dominated the steroid-free nasal sprays market with around 4% share in 2021.
  • In terms of distribution channels, demand in the institutional segment will grow at a 6% CAGR through 2032.
  • North America accounted for the highest share of 6% of the global steroid-free nasal sprays market share in 2021.

Competition Landscape

Prominent players operating in the global steroid-free nasal sprays market are focusing on the development, launch, and approval of innovative products to improve their product portfolios. For instance:

  • In February 2022, Glenmark Pharmaceuticals Limited along with SaNOtize Research & Development Corp. announced the launch of FabiSpray, the nitric oxide nasal spray for the treatment of COVID-19 in India.
  • In March 2021, Cipla Limited announced that it has received final approval from the FDA for its abbreviated new drug application (ANDA) for Sumatriptan Nasal Spray, 20 mg which is an AB-rated generic therapeutic equivalent version of GlaxoSmithKline’s Imitrex nasal spray.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the steroid-free nasal sprays market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032. The global steroid-free nasal sprays market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The steroid-free nasal sprays market is segmented into three parts based on the product (nasal antihistamine sprays, nasal decongestant sprays, nasal anticholinergic sprays, nasal cromolyn sodium sprays, and others), formulation (aqueous, suspension, nonaqueous-based solution, hydroalcoholic, emulsions, and dry powder/micro particles) and distribution channel- (institutional sales {hospitals, specialty clinics, community clinics, public health agencies, and others}, retail sales {retail pharmacy, drug stores, mail order pharmacy}), across seven key regions of the world.

Key Players :

  • Janssen Pharmaceutical, Inc.
  • Astra Zeneca Plc.
  • Cipla Ltd.
  • Glenmark Pharmaceuticals
  • Glaxosmithkline Plc.
  • Novartis International AG
  • Procter & Gamble
  • Sanofi S.A. (Sanofi-aventis LLC.)
  • Boehringer Ingelheim GmbH
  • AdvaCare Pharma
  • Bayer AG (Bayer Consumer Health
  • Covis Pharma S.a.r.l.
  • Nipro Corporation (NIPRO JMI Pharma Ltd.)
  • Viatris Inc. (Meda Pharmaceuticals Inc.)
  • Perrigo Company plc
  • AptarGroup, Inc.
  • Berry Global, Inc.
  • URSATEC GmbH
  • Gerresheimer AG
  • Avantor, VWR International, LLC
  • Spectrum Laboratory Products, Inc.  (Spectrum Pharmacy Products)
  • SKS Bottle & Packaging, Inc.
  • Coster Tecnologie Speciali S.p.A

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Steroid-Free Nasal Sprays Market by Category

By Product:

  • Nasal Antihistamine Sprays
  • Nasal Decongestant Sprays
  • Nasal Anticholinergic Sprays
  • Nasal Cromolyn Sodium Sprays
  • Others

By Formulation:

  • Aqueous
  • Suspension
  • Nonaqueous-Based Solution
  • Hydroalcoholic
  • Emulsions
  • Dry Powder/Micro Particles

By Distribution Channel:

  • Institutional Sales
    • Hospitals
    • Specialty Clinics
    • Community Clinics
    • Public Health Agencies
    • Others
  • Retail Sales
    • Retail Pharmacy
    • Drug Stores
    • Mail Order Pharmacy

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.

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Phakic Intraocular Lenses (IOL) Market is estimated to reach US$ 819.5 Million by 2032

[280 Pages Report] As per Future Market Insights’ latest analysis, the global phakic intraocular lenses (IOL) market reached US$ 344.4 Mn in 2021. Sales are projected to grow at a 9.5% CAGR over the forecast period, with the market valuation reaching US$ 819.5 Mn in 2032.

Patients with high ametropia or contraindications to laser refractive surgery are treated with phakic intraocular lenses (pIOLs). The key aspect that makes these lenses ideal for use in young adults seeking ocular prescription independence is the preservation of accommodation, as lens extraction is not required.

Furthermore, as the number of people who are myopic has increased in recent years, this refractive correction option has become increasingly significant. Simultaneously, it is an important area of research in light of future estimates of the prevalence of simple myopia and, more importantly, severe myopia.

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Because of the aesthetic and optical constraints of the conventional ophthalmic lens, as well as growing trend of contact lens overuse, phakic IOLs are a viable option for individuals with severe myopia.

Although phakic intraocular lenses have some benefits over laser refractive surgery, such as reversibility, enhanced optical quality in high ametropias, and a wider range of correction, etc., it is important to remember that it is a surgical procedure with all of the risks that are associated with intraocular surgeries, including severe complications including endophthalmitis.

Growing concerns with increasing ocular disease indication burden, high prevalence of diabetes and associated retinopathy, as well as the development of alternatives to removable spectacles and lenses for corrective vision are chief factors expected to drive the market.

“Advances in excimer laser procedures have presented a gateway into the development of implantable intraocular lenses with effective vision correction outcomes. Such developments are anticipated to auger well for the market over the forecast period,” says an FMI analyst.  

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Key Takeaways:

  • Based on product type, the posterior chamber phakic IOL segment accounted for 0% of the total market share in 2021 and the trend is expected to continue through 2032.
  • By indication, sales in the astigmatism segment will increase at a 8.5% CAGR over the assessment period.
  • In terms of end user, the hospitals segment will remain most lucrative over the forecast period.
  • The U.S. is expected to lead the North America phakic intraocular lenses market over the assessment period.
  • Demand in China is expected to grow at a 10.5% CAGR through 2032.
  • Germany will emerge as a lucrative pocket, with sales rising at a 9.3% CAGR over the forecast period.

Competition Landscape

Key players are investing in research and development to offer patient-specific and indication-specific pIOLs to enhance procedural outcomes. They are also focusing on new product launch activities, licensing of product sales within a specific region, as well as regulations associated with new device development and manufacturing. For instance:

  • In January 2019, owing to the high regulatory standards, precision and quality requirements in Germany and Japan, Star Surgical announced expanded recommended diopter range for their EVO Visian ICL in both the countries.
  • In December 2019, Johnson & Johnson Vision announced the Food and Drug Administration (FDA) approval and U.S. launch of TECNIS Toric II 1-Piece Intraocular Lens (IOL).

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What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the phakic intraocular lenses (IOL) market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.

The research study is based on the product – (posterior chamber phakic IOL, and anterior chamber phakic IOL), by indication (myopia, hyperopia, and astigmatism), by end user (hospitals, ophthalmology clinics, and ambulatory surgical centres), across seven key regions of the world.

About Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business.

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.

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INR Test Meter Market is projected to exhibit a CAGR growth of close to 6.3% over the forecast period, exceeding valuation of US$ 2.4 Bn in 2032

[300+ Pages Report] The market for INR test metres is anticipated to reach US$ 1.3 billion by the end of 2022, growing at a CAGR of 6.3 percent, and surpassing US$ 2.4 billion by 2032. With a market share of approximately 79.7% in 2021, the devices segment dominated the global INR test metre market in terms of product type.

As per Future Market Insights, the global INR test meter market was around US$ 1.2 Bn in 2021, and is projected to exhibit a CAGR growth of close to 6.3% over the forecast period, exceeding valuation of US$ 2.4 Bn in 2032.

Patients with coagulopathic aberrations related to pathological conditions have a strong reliance on PT diagnostic platforms. Patients who take warfarin frequently have medical conditions that put them at high risk for severe illness, including hospitalization, intensive care admissions, and death, as per the Centers for Disease Control and Prevention.

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With the emerging importance of utilizing point-of-care tests, the market for INT test meters is set to witness high demand during the forecast period (2022-2032). One of the primary factors driving the growth of the INR test mater market is rising prevalence of cardiovascular diseases and blood disorders across the globe.

Demand for INR test meters is expected to grow due to increased awareness of these disorders, which will improve diagnostic rates and preventive care management. Further, with favorable government funds and investments for acquiring and installing such medical devices in public healthcare facilities, the demand in the market is projected to surge through 2022 & beyond.

Key Takeaways from Market Study

  • In terms of product, devices held approximately 7% of market value share in 2021, owing to their efficacy in delivering positive therapeutic outcomes.
  • Based on end users, hospitals segment is expected to register a CAGR of 8% during the forecast period.
  • North America is considered as the leading region with a value share of 6% in 2021, owing to high lifestyle associated disease cases, and rapid device approvals.
  • The U.K. is expected to lead the growth in Europe INR test meter market backed by its development in healthcare infrastructure

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“Growing advancements of digital solutions for medical use is set to propel the sales of the INR test meter market across the globe,” says an analyst of Future Market Insights.

Market Competition

Key manufacturers in the INR test meter market are adopting strategic approaches such as mergers and research activities for revenue growth and product portfolio expansion. Producers are also engaged in several patent expiry mitigation approaches to further provide upgraded product lines, thus establishing a strong geographical outlook.

  • In November 2021, CoaguSense Inc. incorporated a novel “Prothrombin Time Home Testing System” connected with MedM remote care platform.
  • In May 2021, Biosynex acquired Avalun to become a European leader in rapid diagnostic testing.

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What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the INR test meter market in its latest study, presenting a historical demand assessment of 2012 – 2021 and projections for 2022 – 2032.

The research study is based on the product – (device, lancet, and test strips), by end user (hospitals, speciality clinics, ambulatory surgical centres, and home care settings), across seven key regions of the world.

About Healthcare Division at Future Market Insights

Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business.

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.

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Increasing Adoption of Sustainable and Bio-Based Packaging Options is Expected to Boost the Sales of the Sugarcane Bottles

According to Future Market Insights research, the global sugarcane bottles market is expected to reach a valuation of US$ 52.8 Mn in 2022, and to grow at a CAGR of 5.9% to reach US$ 61.2 Mn by 2032. Sugarcane bottle sales are expected to increase, with the top three nations expected to control 35-40% of the market by the end of 2022.

Based on capacity, the 251 ml to 500 ml segment is expected to remain the market leader among other sugarcane bottle capacities. The reason for this is the vast range of applications in diverse end-use industries. Sugarcane bottles with capacities ranging from 251 ml to 500 ml are popular.

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Sugarcane Bottles Market Landscape

  • Bottle Up, Worthy,
  • BE O Lifestyle,
  • LYSPACKAGING,
  • Berry Global Inc.,
  • Reyoung Corp.,
  • Bottle Promotions, and
  • The Natural Bottle

are the key players operating in the global sugarcane bottles market. Also, some of the noticeable players operating in the sugarcane bottles are

  • Suzhou Fomalhaut Eco-Pack Material Tech Co., Ltd.,
  • Fortis X,
  • Retulp,
  • Velong Enterprises,
  • Hangzhou Tianye Packaging Technology Co., Ltd., and others.

Key Takeaways from Sugarcane Bottles Market

  • The food & beverage and cosmetics & personal care segments collectively are projected to hold around 62% of the market value share by the end of 2022. Various food & beverage brand and cosmetic brand are adopting chemical-free packaging and biodegradable packaging to gain the attention of eco-friendly consumers which drives the demand for sugarcane bottles
  • Capacity wise less than 100 ml bottles are anticipated to perform well in the pharmaceutical industry as they are perfect alternatives for packaging medicines like drops, syrups, medicinal powders, etc.
  • South Asia is projected to create a growth opportunity for the sugarcane bottles market due to the increasing production of sugarcane in the region. The South Asia sugarcane bottles market is anticipated to grow 1.6 times the current market value during 2022-2032.

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“The environmental awareness among consumers has increased the demand for recyclable and biodegradable packaging. Sugarcane bottles are gaining traction owing to their ability to preserve the quality of the product as traditional bottles. The printability feature on sugarcane bottles is projected to create growth opportunity for the target market addressing the look and feel of the product” – says an FMI analyst

High Tolerance of Sugarcane Bottles towards Chemicals is Impacting the Growth of the Sugarcane Bottles Market

Chemical resistance to the packaging of products in the industries like cosmetics and personal care and pharmaceuticals plays a critical role. Sugarcane bottles offer a very high resilience against such products and do not react with them under normal conditions making them an excellent alternative to glass or plastics.

Materials such as glass and plastics are manufactured using non-renewable raw materials and are majorly found lying in open land fields creating land pollution. Sugarcane bottles along with comparable properties are bio-based and get decomposed easily. Big pharma and cosmetic brands are constantly at war with authorities trying to tackle pollution problems. Despite being a little costly, sugarcane bottles are slowly trying to replace polluting materials while offering customizable containers of different shapes, and sizes and excellent chemical tolerance for the different end use industries.

Impact of Covid-19 on the Sugarcane Bottles Market

During the Covid-19 pandemic, supply of the sugarcane which is used as raw material for the production of sugarcane bottles became irregular, impacting the production of sugarcane bottles. The Covid-19 pandemic resulted in a lockdown situation that impacted various segments of the packaging industry. The rapid spread of the virus posed several challenges to the end use industry.

On the other hand, there was some upside in food & beverage and pharmaceutical products which had a slightly positive impact on the sugarcane bottles to a certain extent. Later, the situation began to normalize and the various end use industries started to operate with full efficiencies to cater to the demand and cover the financial damages. This created a growth opportunity for the sugarcane bottles market.

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Sugarcane Bottles Market Report

Future market insights, in its new report, offers an unbiased analysis of the global sugarcane bottles market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the sugarcane bottles based on the capacity (less than 100 ml, 101 ml to 250 ml, 251 ml to 500 ml, more than 500 ml), end use (food & beverage, cosmetics & personal care, pharmaceutical, consumer durables), and distribution channel (online, offline) across seven regions.

Related Report

Sugarcane Based PET Bottles Market: This Sugarcane Based Pet Bottles market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape

High Density Polyethylene (HDPE) Bottles Market:  The global high density polyethylene (HDPE) bottles hold a forecasted share of US$ 52533.5 million in 2022 and are likely to surpass US$ 73390.9 million by 2032

Bottles Market: The global bottles market is expected to reach a market valuation of US$ 108.0 Bn by the year 2022

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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Decorative Plastic and Paper Laminates Market Size, Share & Growth Report for 2028

In a recently released Future Market Insights outlook for decorative plastic and paper laminates, the global revenue is likely to observe moderate yearly growth in 2019 and approach US$ 70 Bn. “A majority of the sales of decorative plastic and paper laminates is attracted by a large number of smaller players operating in the competitive landscape. While more than half of the market value is accounted by the Tier 3 players that prominently include SMEs, a mere 10-15% share belongs to Tier 1 companies,” says a senior research analyst at the company.

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Key Insights at a Glance

  • A third of the total market revenue is accounted by China, followed by Eastern Europe. FMI points to remarkable progress in sales of decorative plastic and paper laminates within BRICS countries.
  • Soaring demand for decorative foils and papers in the commercial sector is prominently responsible for superiority of low pressure laminates over high pressure counterparts.
  • As smaller players dominate the market, the strategic focus remains on product differentiation and cost competitive pricing. Reduced VOC emissions is another important factor dictating strategic moves of manufacturing SMEs.
  • Key players in decorative plastic and paper laminates landscape are currently concentrating on channelizing their efforts towards strengthening the distribution network, in addition to establish a direct sales channel.

Rapid Recovery of Residential Housing Sector Firms up the Base for Decorative Plastic & Paper Laminates Demand

Although commercial sector currently dominates in terms of demand for decorative plastic and paper laminates, residential housing sector is likely to take over soon.

The residential construction realm has been witnessing strong signs of recovery over the past couple of years, which is playing a key driving force for the revenue growth of decorative plastic and paper laminates landscape.

Moreover, rapid growth of hospitality sector is providing a strong impetus to product innovation, thereby pushing the growth of leading bands dealing in decorative plastic and paper laminates landscape.

Commercial construction is also significantly favoring the sales decorative plastic and paper laminates, as indicated by the report.

Manufacturers of decorative plastic and paper laminates are also capitalizing on opportunities presented by a growing number of remodeling and repainting projects.

Wooden Flooring Trends among Consumers, Following Furniture & Cabinets

“Furniture and cabinets account for over half the share of total market value, whereas flooring applications are likely to gradually take over,” says the analyst.

Shifting consumer preferences for laminate flooring in both residential and commercial sectors is creating a heap of investment opportunities for manufacturers of decorative plastic and paper laminates.

“Consumers today seek endurance, scratch resistance, and aesthetics while purchasing furniture for homes or workplaces. Such factors are provide the trigger for application specific innovations in decorative plastic and paper laminates,” the analyst explains further.

Spectacular growth prospects are identified for Asia, North America and some parts of Eastern Europe.

Mushrooming Popularity of RTA Furniture Favors Global Sales of Decorative Plastic & Paper Laminates

Constant design innovation, consistent focus on superior quality, and maximum convenience are collectively driving consumer appeal for ready-to-assemble (RTA) furniture, especially in developed markets of North America and Europe.

Manufacturers of both RTA furniture and decorative plastic and paper laminates are taking efforts to collaboratively unlock the opportunities – with an additional benefit of less susceptibility to damage during transit and shipping.

Penetration of RTA furniture into developing economies is also gradually increasing owing to relatively lower price point and maintenance cost, thereby contributing to sales of decorative plastic and paper laminates.

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Digital Print Designs on Decorative Plastic and Paper Laminates Gather Considerable Momentum

Personalization has been trending across industries, and interior decoration is among the prominent ones. Customized digitally printed laminates are especially designed to cater to specific consumer demands regarding print design, pattern, and graphic.

Sheets of digital decorative plastic and paper laminates have high resolution images printed on them, and can be directly applied on furniture, doors, commercials, exhibition stands, and walls.

Digital print laminates are creating a slew of opportunities for manufacturers in the decorative plastic and paper laminates landscape.

Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain

Decorative Paints Market: Decorative paints industry is expected to be driven by growing construction of residential, commercial and institutional buildings across the world. The market is likely to witness a growth of 4.3% CAGR during the coming assessment period of 2021 and 2031.

Lamination Adhesives Market: Innovative lamination adhesives and flexible packaging applications to complement overall growth of lamination adhesives market

Laminating Adhesives Market: The global laminating adhesives market size reached a valuation of US$ 3.10 Bn in 2021 and is further set to touch US$ 3.27 Bn in 2022. However, with rising applications of laminating adhesives across diverse end use verticals like packaging, automotive, food & beverages etc

About Future Market Insights (FMI)

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

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Plywood Market Size to Reach US$ 115 Bn by 2028 | CAGR of 6.1%

Global infrastructural development has reached newer heights in the last few years, with massive constructions – both residential and commercial – mushrooming across both Tier 1 and Tier 2 cities across the world. This has led to impressive growth of the global building and construction industry and as a consequence positively impacted revenues of ancillary industries. Plywood is an inherent component of the construction industry – being widely used in manufacturing readymade and customised furniture.

Future Market Insights (FMI) throws light on some of the key factors boosting revenues in the global market for plywood. Plywood finds increasing use across diverse applications ranging from furniture, flooring, and packaging of high-value goods. This is anticipated to boost sales of plywood in the global market, according to Future Market Insights forecasts. A growth in residential and commercial spaces across the world has further boosted the demand for readymade and aesthetically designed furniture, incorporating extensive use of plywood. With people opting for designer furniture, the demand for plywood from the furniture industry is already peaking and this is anticipated to augment revenues in the global plywood market.

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Besides, there is an increasing global phenomena promoting the use of wood and wood based products in the construction of both residential as well as commercial buildings. This trend is being supported by laws enforced at the administrative level. For instance, Japan’s “Act for Promotion of Use of Wood Products in Public Buildings, 2010” seeks to encourage the use of plywood in the construction sector. Global construction projects focusing on wooden skyscrapers such as the Oakwood Timber Tower are also expected to positively impact demand for plywood in the coming years.

Wood and wood based products such as plywood are eco-friendly in nature, encouraging the plantation of trees to meet the rising demand. Plywood and other ancillary wood products contribute to environmental protection. This is another factor acting in favour of the plywood market.

This study by FMI on the plywood market further identifies the growing importance of plywood in the global packaging industry as a key demand driver. “Plywood has enhanced mechanical strength besides being lightweight in nature. Plywood is also reusable and helps save on costs. This makes plywood the best packaging option for various types of products. With the current ban on plastic for product packaging, plywood is being increasingly adopted as a highly effective raw material to package different types of goods. This is expected to boost revenues in the global plywood market.”

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Key Companies Profiled

  • Weyerhaeuser Company
  • Boise Cascade Company
  • Greenply Industries Limited
  • Georgia-Pacific, LLC
  • Uniply Industries Ltd
  • JAYA TIASA HOLDINGS BERHAD
  • UPM-Kymmene Oyj
  • SUBUR TIASA HOLDINGS BERHAD
  • Sveza-Les LLC

Lucrative Opportunities Lie in the African Timberlands for both Existing Players and New Market Entrants

The presence of vast expanses of land in Africa coupled with the overall low costs of maintenance and production in the region make Africa a very attractive choice for the growth of forestry and the manufacturing of wood products, particularly plywood. Manufacturers in the global plywood market are looking at lucrative growth prospects in the African continent, given the region’s huge natural timberlands and mature plantations. Harvesting of plywood in the African forests is both cost-effective and environment friendly. This is boosting the setting up of backward integrated units manufacturing plywood, hence creating highly lucrative opportunities for players in the global plywood market.

Massive growth of the global construction industry has resulted in the pumping in of huge infrastructure investments by both private sector and public sector enterprises. This is likely to broaden the horizon for regional manufacturers of plywood with endless possibilities for revenue growth.

Adoption of Plywood in Digital Printing Trending the Global Market

Plywood is increasingly finding application as a substrate in high-scale inkjet printing projects. Plywood is used as an alternative to aluminium and plastic sheets owing to its non-reflective nature. Digitally printed plywood serves as an excellent substitute for several outdoor applications such as fence and road signs, as it is highly durable. This is the latest trend dotting the global plywood landscape, pushing revenues in the global market.

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Key Segments Covered in Plywood Industry Research

By Grade :

  • MR Grade Plywood
  • BWR Grade Plywood
  • Fire Resistant Grade Plywood
  • BWP Grade Plywood
  • Structural Grade Plywood

By Wood Type :

  • Softwood
  • Hardwood

By Application :

  • Plywood for Furniture
  • Plywood for Flooring & Construction
  • Plywood for Automotive Interiors
  • Plywood for Packaging
  • Plywood for Marine Use
  • Others

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Wood Coatings Market: The wood coatings market is anticipated to garner a modest strength with a CAGR of 5.9% during 2022-2032.

Wood Plastic Composite (WPC) Floorings Market: Expanding at a remarkable CAGR of 7.0%, the global sales of WPC floorings is expected to increase from a valuation of US$ 2,088.6 Mn in 2022 to US$ 3,643.3 Mn by the end of 2030.

Wood Plastic Composites Market: The global wood plastic composites market is set to flourish at a promising CAGR of 11.3% between 2022 and 2032. The market is anticipated to reach USD 16.06 Billion by 2032, while it holds a market value of USD 6.38 Billion in 2022.

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

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The Need to Carry Multiple Cans at a time among the Various End-users Supplement the Sales of Can Holders across Various Regions

The global Can Holders Market is predicted to reach $399.4 million in 2022 and grow at a 3.6% annual pace over the next 10 years, eventually reaching 567.7 million in 2032.

The can holders are used to carry and hold more than one can at a time, which aids in carrying or holding many cans at once. The can holders are made of many materials such as plastic, paper, and metal. According to the needs of the end users, the can holders are available in rigid and semi-rigid forms. Can holders are a low-cost, long-lasting, reusable, and stiff packaging solution that saves time by carrying numerous cans at once. Can holders are in high demand because to the growing need for cans in the food and beverage industries.

Furthermore, the availability of customisation options such as printing on can holders, varied carrying capacity, and others acquire popularity among end-users. The growing number of foodservice establishments, restaurants, hotels & motels, and cafes is expected to boost can holder sales. Overall, the benefits provided by can holders, as well as the growing end-user base, are expected to boost can holder sales during the projection period.

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Can Holders Market Landscape

  • Smurfit Kappa PLC,
  • Graphic Packaging International LLC,
  • WestRock Company,
  • Roberts PolyPro Inc,
  • PakTech,
  • E6PR,
  • Fishbone Packaging Inc.,
  • Stora Enso,
  • Easternpak (Napco Paper Containers)

and others are manufacturers operating in the can holders market. The Tier 1 players in the market hold 20-25% in the global can holders market.

Future Market Insights forecast that there are various opportunities for the players operating in the can holders market in the coming future due to the innovation & customization offered by manufacturers of can holders. The growth of the can holders market seems rising across the various regions.

Key Takeaways from Can Holders Market

  • Plastic is the dominant material with a 47% market share in 2021 which increases to 51% in 2032 and the same segment is projected to create an incremental opportunity of US$ 986.8 Mn during 2022-2032. It is anticipated to expand at a CAGR of 4.3% during the forecast period against the CAGR of 3.5% during the historic period.
  • The hotels & motels industry is estimated to be a lucrative end-user for the can holders market. It is anticipated to accelerate with a CAGR of 3.0% in the global market and is expected to attract investors for can holders. The hotels & motels segment accounts for around 1/3rd portion of the total market share in 2021.
  • North America and Europe region are estimated to remain the lucrative market for the can holders during the forecast period.

“Due to shifting customer demand towards canned products and expanding food & beverage industry along with various product development in canned products is anticipated to augment the sales of can holders among the end-users” –says FMI Analyst

Increasing Number of Hotels & Motels along with its Online Delivery Service Drives the Demand for Can Holders

The hotels & motels industry is seeing growth, especially in a post-pandemic world. The growth in the industry is due to the emergence of direct-to-customer food and beverages delivery apps as well as increased demand for canned food and beverages. The Millennials and Gen Z also believe in the philosophy of YOLO (You Only Live Once) leading to more expenditure on food & beverages. In addition to it, technology is also playing a crucial part in the hotels & motels growth journey. The greater the sales of hotels & motels the greater the opportunity for the global can holders market as the hotels & motels segment contributed 33% of the market share in 2021 so it can propel the growth of the can holders market.

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Impact of COVID-19 on Can Holders market

COVID-19 marked a negative growth impact for the global can holders market. The manufacturing activities in various end use industries shut down and the lockdown situations across the world in the first half of 2020, marked major losses and decline in the global can holders market. Due to the no or low demand for can holders from the end-users, shutdown of various hotels & cafes, improper supply chain, risk of getting infected, government restriction on stepping out, and others are the major factor that had an adverse impact on the can holders market during the COVID-19 pandemic.

Later, with the end-users started to operate along with providing online delivery services as well reduction in government restriction created a growth opportunity for the can holders market. Thus, the future outlook for the can holders market is anticipated to propel during the forecast period.

Can Holders Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global can holders market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the can holders based on the material (plastic can holders, paper can holder, and metal can holders), capacity (2 cans, 4 cans, 6 cans, more than 6 cans), packaging type (rigid can holder & semi-rigid can holder), and end-user (hotels & motels, restaurants, cafes, foodservice outlets, others (institutes, airport station, etc.)) across seven regions.

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Material Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Impact of Covid-19

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

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Oily Waste Can Market: The global oily waste can market is anticipated to be valued at US$ 6 Billion in 2022, forecast to grow at a CAGR of 3.5% to be valued at US$ 8.46 Billion from 2022 to 2032

Collapsible Jerry Can Market:Global Collapsible Jerry Can demand is anticipated to be valued at US$ 5 Billion in 2022, forecast to grow at a CAGR of 3% to be valued at US$ 6.72 Billion from 2022 to 2032

Can Sleeves Market: The can sleeves market is anticipated to record at a healthy CAGR of 6.3% through 2032

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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Fertilizer Additives Market Value to Grow by Almost US$ 1.68 Billion During 2022-2032

A recently published study by FMI expects the global fertilizer additives market to augment at a 4.6% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 1,685.96 Million is expected for the market. Fertilizer additives are gaining huge traction owing to the expansion of agriculture industry across the globe. Moreover, properties of fertilizer additives that help in anticaking are making them essential.

From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 4% and closing at US$ 1,028.01 Million. Technological advancement in the agriculture sector is contributing to the growth of fertilizer additives. In addition, government authorities of various countries are launching initiatives that help the agriculture industry to grow. This, in turn, is increasing the use of fertilizer additives.

Potash and phosphate-based fertilizers work well for yield enhancement. They not only ensure growth of crops but also provide nutrition. This, in turn, is accelerating the growth of fertilizer additives in the agriculture industry. Therefore, with government initiatives and expansion of agriculture sector the fertilizer additive market is expected to surge in the assessment period 2022-2032.

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Key Takeaways from the Market Study

  • S. fertilizer additives market is anticipated to witness for 2.6%year-on-year growth and is expected to reach a value of US$ 315.3 Million by the end of 2032.
  • France is expected to hold a market share of 45% for additive fertilizers market in 2032.
  • India is expected to grow at a CAGR of 5%between 2022 and 2032 for fertilizer additives market.
  • By product type, Anti-caking agent segment is expected to possess 35% market share for fertilizer additives market in the forecast period 2022-2032.

Market Competition

Key players in the fertilizers additive market are Clariant AG, Arkema S.A, Dorf Ketal, ArrMaz, Timac Agro USA, Michelman, inc., Hubei Forbon Technology Co Ltd, Fertibon Products Pvt Ltd, Chemipol SA, Neelam Aqua & Speciality Chem (P) Ltd

  • Chemipol SA, a key start-up player in the fertilizer additive market is focusing on developing fertilizer additives that help farmers to yield better crop protection. The company has undertaken research and is developing region and soil specific fertilizer additives.
  • Timac Agro USA, is focusing on not only offering fertilizer additives but also technology that will help in using fertilizer for better results. Thus, through the amalgamation of technology and agricultural needs, the company is developing fertilizer additives.

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More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global fertilizer additives market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Product Type (Anti-caking Agents, Dust Suppressors, Drying Agents, Granulation Agents, Others), by Application (N (Nitrogen), P2O5, K2O, Others), across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Nitrogen Fertilizer Additives Market: Nitrogen fertilizers such as urea and ammonium nitrate fertilizers promote crop growth and enhance crop yield. Upon mixing with soil, nitrogen fertilizers convert to nitrate compounds, which are susceptible to denitrification or leaching, if not consumed within the span of their application.

Asia Pacific Plastic Additives Market: According to FMI, the Asia Pacific Plastic Additives market is estimated to be valued at US$ 21.6 Bn in 2022 and is projected to increase at a CAGR of 4.9 % in the forecast period from 2022 to 2032.

Antimicrobial Additives Market: The global antimicrobial additives market is estimated to be valued at around US$ 12,711.5 Mn in 2022. Furthermore, with rising usage in fabrics, inks, paints, paper, plastic and several other applications, the overall sales of antimicrobial additives are projected to increase at a healthy CAGR of 8.2 % between 2022 and 2032, totaling a valuation of US$ 27,955.6 Mn by 2032.

About Future Market Insights (FMI)

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

Contact:

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Car Wax Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2028

Future Market Insights’ published market report titled “Car Wax Market: Global Industry Analysis 2013-2021 and Opportunity Assessment 2022-2028” examines the car wax market and offers crucial market insights for the next ten years. According to Future Market Insights analysis, the global sales of car wax is estimated to be valued at US$ 850 Mn by the end of 2021 and is expected to register a 4.5% CAGR over the period of 2022–2028. This report divulges the demand for car wax and its break-up on the basis of different types, forms and end uses.

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Dynamics

The global car wax market is expected to witness steady growth, owing to the growing production of vehicles in different regions. This increasing vehicle production is expected to drive the demand for car wax products, which are particularly used in the finishing line in the manufacturing of a vehicle. Car wax products also register high demand from automotive aftermarket services. The increasing vehicle fleet is expected to upsurge the demand for car wax products, which are mostly used in car wash and car cleaning services.

North America held the lion’s share in terms of the global vehicle fleet in 2017. As per the reports of OICA, the region holds a 21.2% share in terms of global vehicle fleet. Western Europe, with a 19.8% share in the global vehicle fleet, is also expected to provide lucrative opportunities for the sales of car wax products in aftermarket car care services.

Segmentation Analysis

The global car wax market is estimated to witness steady growth, owing to the increasing demand from aftermarket car care services. Increasing vehicle fleet is the key driving force surging the demand for car wax products in aftermarket car services. SUV, mid-range and upscale cars account for around a 47% share in the demand for car wax products in aftermarket car care services.

As per the reports of OICA, global vehicle production was reported to be 7.1% of the global vehicle fleet in 2017. Attributing to this, the demand for car wax products is expected to remain high in aftermarket car care services over the forecast period. Liquid car wax is expected to gain traction over the forecast period, owing to its easy to apply characteristics and low cost. The demand for the liquid form of car wax is expected to remain high in aftermarket car care services, owing to the less time required for applying liquid car wax as compared to paste car wax. The demand for paste car wax is expected to be driven by vehicle manufacturers who usually prefer long-lasting products for the finishing of vehicles.

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Regional Market Projections

On the basis of region/country, China is anticipated to dominate the global car wax market throughout the forecast period. In China, the car wax market is expected to expand at a CAGR of around 9.6% during the forecast period. Moreover, Latin America and India are anticipated to register relatively higher CAGRs during the forecast period. These two regions, coupled with Latin America, are expected to register attractive growth rates in the global car wax market during the forecast period. The Western Europe car wax market is at a mature stage and is expected to witness slow growth over the forecast period.

Global Car Wax Market Competitive Landscape

Some of the players reported in this study on the global car wax market include 3M, Turtle Wax Inc., Darent Wax Company Ltd, Mothers Polishes Wax Cleaners Inc., Sonax GmbH, Treatment Products Ltd, Northern Labs Inc., Swissvax AG,  Waxpol Industries Ltd, Carsco0 Inc., Shenzhen Marpa Imp & Exp Trading Co., Ltd and Kao Chemicals GmbH, among others

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Car Wax Market Key Segments

Car Wax Market by Type

  • Natural Car Wax
  • Synthetic Car Wax

Car Wax Market by Form

  • Liquid Car Wax
  • Car Wax Paste

Car Wax Market by Sales Channel

  • Car Wax Manufacturers
  • Car Wax Retailers and Distributors

Car Wax Market by End Use

  • Original Equipment Manufacturers
  • Aftermarket

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Agricultural Adjuvant Market : The global agricultural adjuvant market is expected to reach market valuation of US$ 3.4 Bn in 2022, expanding at a healthy 6.2% CAGR over the forecast period.

Chlorinated Polyethylene Resins and Elastomers (CPE) Market : The chlorinated polyethylene resins & elastomers market is forecast to reach US$ 600 Million by 2022, expected to flourish at a CAGR of 8% to reach US$ 1,297 Million by 2032.

Anti-Microbial Nanocoatings Market : The global anti-microbial nanocoatings market was worth US$ 1,000 Million in 2022 and is expected to be worth US$ 7,000 Million by 2032, growing at a CAGR of 21.4% during the forecast period.

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:

Unit No: 1602-006
Jumeirah Bay 2
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Soil Stabilization Materials Market Size, Growth Analysis Report, Forecast to 2028

Future Market Insights presents a detailed analysis and delivers key insights on the global soil stabilization materials market in its latest report titled “Soil Stabilization Materials Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028”. The long-term outlook of the global soil stabilization materials market remains positive with the soil stabilization materials value pegged at over US$ 15.7 Bn in 2018.

It is expected to reach US$ 29 Bn by the end of 2028, growing with a healthy CAGR of 6.6%. Among the segments by material type, the minerals & stabilizers segment is estimated to hold a dominant share in terms of value over the forecast period. Under the minerals & stabilizers segment, the lime sub-segment is expected to be at the forefront throughout the forecast period.

However, the polymer segment is expected to grow with a relatively higher CAGR, with significant growth in value share. Among all regions, China is expected to dominate the global soil stabilization market throughout the forecast period with a healthy CAGR of 7.0%.  In this report, FMI sheds light on the drivers and restraints expected to impact the global soil stabilization materials market during the forecast period.

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Soil Stabilization Materials Market: Dynamics

The global soil stabilization materials market is expected to witness robust growth during the forecast period, mainly driven by the rapidly growing construction industry. Rapid population growth and escalated urbanization have boosted the building and construction industry in developing countries.  Also, the increasing demand for sustainable infrastructure and increasing need for efficient road transportation to facilitate effective global & international trade are expected to surge the soil stabilization materials market across the globe.

Increasing governmental focus on infrastructural development and rising investments in real estate have surged the growth of the construction sector. Increasing infrastructural investments by governments across Asia Pacific, North America and Western Europe are expected to lead to an increase in the number of roads, railways, bridges, pathways, etc., which in turn will escalate the soil stabilization materials market. Also, the increasing need for high agricultural productivity and the rising demand for high agricultural yield are pegged to boost the demand for soil stabilization materials from the agricultural sector.

Also, other end-use applications such landfilling and increasing sports activities due to the growing attention towards sports are slated to ramp up the consumption of soil stabilization materials.

Soil Stabilization Materials Market: Segmentation Analysis

The global soil stabilization materials market has been segmented on the basis of application type into industrial, non-agriculture and agriculture.

  • On the basis of application, the industrial segment is estimated to dominate the global soil stabilization materials market in terms of value over the forecast period
  • Under the industrial segment, the roads and runways sub-segment is expected hold the lion’s share in terms of value and grow with a significant CAGR of 7.2%

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Soil Stabilization Materials Market: Regional Forecast

From a regional perspective, China, North America and Western Europe are expected to collectively account for over a 70% value share in the global soil stabilization materials market. All the regions are expected to witness sound growth, except Japan, which is expected to exhibit slow growth with a CAGR below 5%.  Regions such as North America and Asia Pacific are expected to register significant growth with CAGRs above 7%. The growth of the construction industry across the globe and the launch of new governmental projects in developing and developed economies are projected to drive the demand for soil stabilization materials.

Soil Stabilization Materials Market: Competition Landscape

Some of the key players identified during the study of the global soil stabilization materials include Graymont Limited, Carmuse, Low & Bonar PLC, Tensar Corporation, Boral Limited, Adelaide Brighton Limited, Sibelco Australia Ltd., Ube Industries, Ltd., Lhoist and Thrace Group, among others.

Soil Stabilization Materials Market: Segmentation

Material Type

  • Polymers
  • Minerals & Stabilizing agents
  • Portland Cements
  • Lime
  • Fly-Ash
  • Others
  • Others
  • Agriculture Waste
  • Sludge & Slag
  • Salts

Applications

  • Industrial
  • Roads, Runways
  • Landfills
  • Non Agriculture
  • Sports
  • Residential
  • Others
  • Agriculture

Region

  • North America
  • Western Europe
  • SEA & Other APAC
  • Latin America
  • Eastern Europe
  • MEA
  • Japan
  • China

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Key questions answered in the report

  • How has the soil stabilization materials market evolved in the past four years?
  • What shape will the soil stabilization materials market take in terms of volume and value during the study period?
  • What are some of the prevailing market dynamics in the soil stabilization materials market?
  • What are some of the key developments and trends in soil stabilization materials market?
  • What are some of the underlying macro-economic and industry factors impacting the growth of the soil stabilization materials market?
  • What are some of the important key challenges, opportunities and improvement factors for market players present in the soil stabilization material market?
  • What are some of the important market positioning and key strategies of key manufacturers as per the market taxonomy?
  • How the competition is structured at present and how has it evolved in the soil stabilization materials market over the past few years?

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Glass Additives Market: Global demand for glass additives was valued at US$ 1.3 Billion in 2021, and is likely to reach a value of US$ 1.4 Billion by the end of 2022. In the long-run, from 2022-2032, the market is expected to flourish at a 4.2% CAGR, reaching US$ 2.1 Billion.

Glass Fiber Reinforced Plastic (GFRP) Composites Market: The glass fiber reinforced plastic market is growing continuously and is predicted to increase at a moderate CAGR of 6.6% during 2022-2032.

Conductive Plastics Market: The global conductive plastics market was valued at US$ 3 Billion in 2021, and is forecast to reach US$ 7.91 Billion by 2032. The expected forecast CAGR from 2022 to 2032 is 8.5%. As of 2022, the market is expected to be valued at US$ 3.5 Billion.

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:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com