Market Research Blog – Page 9442 – New Product Development

Molybdenum Market will record a CAGR of 3.8% during the forecast period, 2026

Growing call for for power from huge scale industries is anticipated to influence the call for for molybdenum within the close to destiny. As the natural resources hold to expend, producers are looking for new electricity assets, which requires placing renewable energy production plants. This, in flip, is riding the call for for metallic and molybdenum for construction of production centers. This remains a main boom enabler of the worldwide molybdenum marketplace. Some of the distinguished molybdenum manufacturers are shifting their awareness in the direction of introducing new number one & byproduct operation to be able to ramp up manufacturing output. Use of molybdenum is also increasing in steel and forte chemical application.

The Oil and Gas is one of the large end-use industries in the market, which represents 55,678.1 Mn lb of the market, or 20.9% in 2017, and 80,061.9 Mn lb in 2026, or 21.5%, and a CAGR of 4.1%. It is growing at 4,876.8 Mn lb annually over the course of the forecast period, and this absolute growth is larger than the any other segment. Molybdenum is used in various sectors including industrial, aerospace, consumer, medical, energy, agricultural and transportation.

The APEJ market is expected to dominate the global molybdenum market in terms of volume in 2017, and the trend is projected to grow throughout the forecast period. The APEJ molybdenum market is the most attractive market, growing at a CAGR of 4.1% over the forecast period.

Molybdenum is a silvery-white hard metal and possesses the sixth highest melting point of any metal and is commonly used in creating high strength alloys and super alloys. When molybdenum is added to steel and cast iron, it brings many desirable properties to them such as improves the hardness, strength and weld ability. It also elevates the temperature strength of steel and makes it corrosion resistant. When molybdenum is added to nickel-based alloys, it brings high-temperature deformation and gives a high resistance to corrosion.

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Molybdenum to Witness High Adoption in the Oil & Gas Industry

Albeit the current cost of oil is low, molybdenum is expected to find a large end use in the oil & gas industry. Increasing investment in capacity, with subsequent oversupply for weak demand has resulted into reduced capital spending on molybdenum-related projects. However, with equilibrating oil market, recovering of prices, and investment returns, a sharp upturn will be observed in the demand for molybdenum for end use in the oil & gas industry.

Meanwhile, a relatively faster expansion is projected for molybdenum sales for end use in the chemicals & petrochemicals sector. Revenue from the sale of molybdenum for end use in mechanical engineering and automotive sectors will also account major shares of the market by 2026 end.

APEJ to Remain a Large and Fast-growing Market for Molybdenum

Asia-Pacific excluding Japan (APEJ) is considered to be the hub for the production and sale of steel. Robust increase in economic expansion and industrialization in APEJ countries such as India, South Korea, and China has led to rise in infrastructural development in the region, which in turn is propelling the demand for steel and its alloys. As molybdenum forms an integral part of various types of steel, its demand is likely to spur in APEJ. APEJ will continue to be a large as well as fast-growing market for molybdenum.

Europe, followed by North America, is also expected to remain lucrative in terms of growth in the global molybdenum market, however the latter will exhibit a relatively higher CAGR through 2026. Latin America’s contribution to expansion of the global molybdenum market will remain lower during the forecast period.

In terms of revenue, full alloy will continue to be the most lucrative application segment, followed by stainless steel. However, the sale of molybdenum for stainless steel production will register a comparatively faster expansion than that for full alloy through 2026. In addition, catalysts and HSLA will continue to be the fastest expanding applications of molybdenum throughout the forecast period.

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Leading Market Players Dominating the Global Molybdenum Market

This report offers an all-inclusive assessment of the global molybdenum market. In this report, the reader will come across information pertaining to the leading market players along with their financials, market shares and key developments. The information will allow stakeholders to slate important growth strategies with a view of staying ahead of the curve and overcoming difficulties arising in the market. The companies profiled in the report include Freeport-McMoRan Inc., China Molybdenum Co., Ltd., Compania Minera Dona Ines De Collahuasi S.C.M., Antofagasta plc, Jinduicheng Molybdenum Co., Ltd., Grupo México, Compañía Minera Antamina S.A., Thompson Creek Metals Company Inc., S.A.B. de C.V., BHP Billiton Group and American CuMo Mining Corporation.

Key Segments Covered in the Report

To understand and assess opportunities in the global molybdenum market, the report has been divided into five sections based on market segmentation as under:

Region:

North America
Latin America
Europe
Japan
APEJ
MEA

End Use industry:

Oil and Gas
Chemicals and Petrochemicals
Automotive
Mechanical Engineering
Building and Construction
Power Generation
Aerospace and Defence
Electronics and Medical
Process Industry
Other Industries

Application:

Full Alloy
Stainless Steel
HSLA
Tools
Carbon
Cast Iron
Catalysts
MO Metal Alloy
Super alloy
Other Applications

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 9-years.

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Rust Remover Market to reach US$ 775.8 Mn by the end of 2032, with a steady CAGR of 4.3%

A new document by using future marketplace Insights titled ‘Rust Remover market: global industry evaluation 2012-2016 and possibility assessment 2022-2032’ studies the various factors impacting sales increase of the global rust remover market over a duration of 10 years from 2022 to 2032 and provides both historic marketplace size and extent in addition to the modern-day marketplace forecast. The historical fashion suggests that the worldwide rust remover market is projected to grow because of the increasing call for for corrosion removal, steel cleansing, and floor pre-remedy chemical compounds. The period from 2011 to 2021 indicates actual marketplace tendencies at the same time as forecast traits had been indicated for the years among 2022 to 2032.

The worldwide rust remover marketplace is anticipated to be worth US$ 509.2 Mn in 2022 and that is anticipated to boom to US$ 775.8 Mn via the stop of 2032, registering a CAGR of four.Three% in terms of fee all through the forecast duration (2022 – 2032). Globally, the consumption of rust removers became pegged at a hundred and eighty,598 tonnes in 2016 and that is anticipated to increase at a CAGR of three.3% over the forecast length to reach 258,827 tonnes by means of the quit of 2027.

Global Rust Remover Market: Dynamics

The use of efficient alternatives of rust removal over conventional methods is boosting revenue growth of the rust remover market. An increasing number of renovation and restructuring activities, significant growth in the number of oil rigs across the globe, and rapid growth of end use industries such as automotive and construction is anticipated to act in favour of the global rust remover market growth.

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However, use of materials such as composites and fibres in several end use industries to improve corrosion resistance and an increasing penetration of laser and ultrasonic technologies for rust removal are likely to restrain market revenue growth over the forecast period.

The global market for rust removers is witnessing a steadily growing demand for bio based product offerings and manufacturers of rust removal products are engaging in structured product innovation to cement their place in the global market.

Global Rust Remover Market: Forecast by Product Type

The global rust remover market is segmented by product type into Acid Rust Removers, Neutral Rust Removers, and Alkaline Rust Removers.

Acid Rust Removers is the largest segment with an estimated market share of more than 60% throughout the forecast period
Neutral Rust Removers segment is projected to become 1.7x of its current value by the end of the period of assessment

Global Rust Remover Market: Forecast by End Use Industry

The global rust remover market is segmented on the basis of end use industry into Automotive, Aviation and Aerospace, Oil and Gas/Petrochemical, Marine, Construction & Infrastructure, Metal Machining, and Others.

Construction & Infrastructure is the largest segment in terms of value, expected to reach a market valuation of US$ 112.5 Mn by the end of 2027
Oil and Gas/Petrochemical is anticipated to remain a lucrative segment over the forecast period

Global Rust Remover Market: Forecast by Region

The regions assessed in the global rust remover market include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and the Middle East & Africa.

APEJ is the dominant regional market with an estimated value share of about 37% by the end of 2027 – denoting a significant increase of 500 basis points in market share in 2027 over 2017
Growth in the oil and gas sector in North America is anticipated to create significant opportunities across the region
MEA is expected to remain a lucrative region over the forecast period owing to growing investments in the automotive and oil and gas sector in the region

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Global Rust Remover Market: Key Players

Some of the key players profiled in the global rust remover market include Henkel AG & Co. KGaA, Quaker Chemical Corporation, PPG Industries, Inc., Fuchs Petrolub SE: FUCHS Group, Akzo Nobel N.V., The Sherwin-Williams Company, Harris International Laboratories, Inc., ZERUST EXCOR, Chempace Corporation, American Building Restoration Products, Inc., Jelmar LLC, and Corrosion Technologies, LLC.

Rust Remover Market Outlook by Category

By Product Type:

Acid Rust Removers
Neutral Rust Removers
Alkaline Rust Removers

By End-Use Industry:

Automotive
Aviation and Aerospace
Oil and Gas/Petrochemical
Marine
Construction & Infrastructure
Metal Machining
Others

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

to be continued…!

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Surface Disinfectant Chemicals Market is projected to rise at a CAGR of 4.5% in 2031

According to the research report the surface disinfectant chemicals market is anticipated to grow at a rate of 4.6% between 2021 and 2031. Growing demand for disinfectants from various institutions including hospitals, clinics, labs, restaurants, malls, food outlets, pharmaceutical industries, and others are expected to boost surface disinfectant chemicals market over the forecast period, finds Future Market Insights (FMI) in a recent research study.

The growing demand for disinfecting surfaces in hospitals and clinics is expected to create opportunities for surface disinfectant chemicals sales. As per the report, pharmaceuticals and food and beverages industries will remain chief end users. Focus on minimizing the risk of contamination through pathogens will push growth in both sectors.

The growing demand for the disinfecting practices in laboratories to conduct experiments without risk of microorganism contamination is also expected to drive the consumption of surface disinfectant chemicals.

Sales grew amid COVID-19 pandemic as the unprecedented outbreak compelled industries to focus on disinfections to contain the virus. As a result, disinfection has become a general practice across the world. The surge in demand for disinfectants in hospitals, clinics, residential, and commercial buildings, has increased sales during the crisis.

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Key Takeaways from Surface Disinfectant Chemicals Market Study

Halogens are anticipated to remain a key type of surface disinfectant chemicals accounting for more than 26% of the global value share.
Commercial and Institutional end users including hospitals, clinics, labs, malls, food outlets will hold 47.3% of the global market in 2021.
China will remain a leading market in East Asia and is expected to account for 66.5% of the market by 2031, showcasing increasing scope of applications in household and healthcare cleaning applications.
Germany will hold the lead in the Europe market, accounting for over 19% of the value share throughout the assessment period.
The U.S. will remain a leading market, accounting for more than 88% of North America, supported by strict sanitization standards implemented across industries in the country.

Surface Disinfectant Chemicals Market: Participant Insights

Leading players in the moderately consolidated market for surface disinfectant chemicals are focusing on strategic expansions via expanding their production capacities, collaborations, and acquisitions of other market participants. They are also focusing on strengthening their product portfolio and developing stronger distribution partnerships.

Key manufacturers in the surface disinfectant chemicals market include Evonik Industries AG, Akzo Nobel N.V., LANXESS AG, Solvay S.A., Dishman Pharmaceuticals and Chemicals Ltd., BASF SE, Lonza, Arkem S.A., DOW, Mitsubhisi Gas Chemical Company, Inc., Hodogaya Chemical Co., Ltd., Olin Corporation, Hansol Chemical Co., Ltd., Aditya Birla Chemicals Limited, Guangdong ZhongCheng Chemicals Inc., Ltd., Quat-Chem Ltd., PeroxyChem LLC, Airedale Chemical Company Limited.

Surface disinfectant Chemicals Market by Category

By Product Type:

Quaternary Ammonium Compound
Alcohols & Aldehydes
Phenolic Compounds
Halogens
Oxidizing Agents

By End Use:

Domestic
Commercial & Institutional
Industrial

By Region:

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

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Want to Know More?

Future Market Insights has published a market research report on the Surface Disinfectant Chemicals market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Surface Disinfectant Chemicals market through five different segments- Type, By End Use and by Region.

Table of Content

1. Executive Summary

1.1. Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product innovation & Diversification

4.3. Marketing and Brand management

4.4. Supply Chain Management

5. Global Surface Disinfectant Chemicals Market Demand Analysis 2016-2020 and Forecast, 2021-2031

To be continued…!

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Salt Content Reduction Ingredients Market to reach a valuation of US$ 10,769.9 Mn by 2032

International nutrients pointers advise that sodium consumption must be less than five grams per day. It has been discovered that clients worldwide now decide on merchandise with decrease salt content material as they may be concerned approximately those sicknesses. Therefore, future marketplace Insights has prepared the record ‘Salt content reduction elements market: global industry analysis (2011 – 2021) and opportunity evaluation (2022 – 2032)’ which estimates that the salt content reduction ingredients market is anticipated to be really worth more than US$ 10,769.9 million by using 2032. Intake of decreased salt products makes it possible to manipulate primary fitness concerns consisting of kidney stones, belly cancer, high blood pressure, and osteoporosis.

Attribute	Key Statistics
Salt Content Reduction Ingredients Market Base Value (2021A)	US$ 4,064.2 Mn
Estimated Market Value (2022E)	US$ 4,466.7 Mn
Projected Market Value (2032F)	US$ 10,769.9 Mn
Value-based CAGR (2022-2032)	9.2%
Collective Value Share: Top 3 Countries Worldwide (2022E)	36.5%

Type – Monosodium Glutamates Offer Best of Both Worlds Making them Sought After

Replacing table salt with monosodium glutamates reduces the sodium content by 40% without taste loss as MSG contains approx. 1/3^rd the sodium. Glutamates can reduce the salt content in bakery products, sauces, and seasonings while enhancing the savoury umami flavour. Glutamates contribute only 2% of total sodium in the average diet even when MSG is widely used which explains its dominance in the salt content reduction ingredients market. Glutamates are predicted to retain a market share of almost 2/3^rd the salt content reduction ingredients market by type at the end of the forecast period.

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Application – Meat & Poultry Segment Need Salt Content Reduction Ingredients Most

The meat & poultry segment is on track to account for a quarter of the salt content reduction ingredients market by end 2027 and could gain 60 BPS by then. A number of salt content reduction ingredients such as yeast extracts and potassium chloride are utilized in meat & poultry products. The substitution of sodium chloride with potassium chloride in meat can go a long way in reducing its sodium content. The meat & poultry segment is anticipated to have a value of just under US$ 700 million in 2017 alone, making it an opportunity too large to ignore.

Region – Focus on North America and APEJ Salt Content Reduction Ingredients Market

The North America salt content reduction ingredients market is poised to remain strong, largely due to stringent government policies and regulations pertaining to voluntary sodium reduction in the US. A much higher growth is likely in the APEJ region with a surging demand for processed food to cater to the massive continental populations of both China and India. A massive 140 BPS growth should help APEJ be worth over US$ 1.1 billion in 2027 and record an exponential CAGR of 10.5% for the period.

Competition Dashboard in the Salt Content Reduction Ingredients Market

Some of the companies profiled in the report are Cargill, Koninklijke DSM N.V., E.I. du Pont de Nemours & Co., Advanced Food Systems, Sensient Technologies Corporation, Associated British Foods PLC, Kerry Group, Savoury Systems International, Angel Yeast Co., Smart Salt Inc., Jugbunzlauer Suisse A.G., Ajinomoto Co., Givaudan SA, Archers Daniels Midland Company, Tate & Lyle PLC, Innophos Holdings, and Fufeng Group.

Key Takeaways

Consumers across the globe have shown a greater preference for consuming low salt products because of awareness of the connection between excessive salt intake and cardiovascular and other ailments. The rising prevalence of obesity coupled with doctor’s advice plays a supplementary role and thus, the scope of the salt content reduction ingredients market is extremely bright in the long run.

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Salt Content Reduction Ingredients Market by Category

By Product Type:

Yeast Extracts
Glutamates (Monosodium/Potassium)
High Nucleotide Ingredients (Disodium Inosinate, Calcium Inosinate, etc.)
Hydrolysed Vegetable Protein (HVP)
Mineral Salts (KCl, K2SO4, CaCl2, etc.)
Others (Peptide Based Compounds, etc.)

By Application:

Dairy Products
Bakery Products
Fish Derivatives
Meat and Poultry
Beverages
Sauces and Seasonings
Others (Snacks, etc.)

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

4. Key Success Factors

to be continued…!

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Cold Chain Packaging Market to grow at a rate of 14.6 % by 2030

According to the Future Market Insights (FMI), the global cold chain packaging market is anticipated to grow at over 14.5% CAGR during the forecast period between 2020 and 2030.

The latest report by FMI provides a detailed analysis of the global cold chain packaging market, and its growth, scope, and potential during the forecast period between 2020 and 2030.The demand for cold chain packaging solutions has increased significantly with the growing requirement from the food, beverages, and pharmaceutical industries. Growing consumer inclination toward cosmetics and personal care products has further fueled the sales of cold chain packaging

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Who is Winning?

The key players in the global cold chain packaging market are experiencing fierce competition. In order to leverage the upcoming opportunities, they are started with launching diverse cold chain packaging solutions.

For instance,

Pelican Products launched its new range of cold storage packaging solutions such as NanoCool Instantly Cooled Parcel, Dry Ice Parcel, and others in the last year
Sonoco ThermoSafe launched its new extensive range of cold chain packaging solutions such as Durable Insulated Containers, Protective Cold Chain Packaging, and others in the last year

Key Takeaways

Phase change cold storage products such as plates, micro capsules, bags, and balls continue to witness high demand
Reusable packaging formats continue to outsell other variants
Polymer to exhibit hegemony for being the most preferred material in the manufacturing of cold chain packaging
The steady growth of the food industry will continue to create opportunities
US will continue to be a lucrative market globally
Germany, France, and China will witness steady sales through 2030

“The growth of the cold storage packaging industry is gaining momentum with the surge in demand from the food & beverages industry. While the advanced cold storage packaging solutions are being devised by manufacturers, the rise in demand from pharmaceuticals industry is further fueling the sales of cold storage packaging. The steady growth of the pharmaceutical industry will complement demand from traditional channels,” says an FMI analyst.

Growing Food and Beverages Industry Spurring Growth

Cold chain packaging solutions are widely used in the food and beverages industry as they provide with the proper refrigeration during the transport and distribution of the food and beverages while preserving the quality.

During the height of the COVID-19 pandemic, as other industries witnessed waning demand, the food and beverage industry continued to post gains in many countries. Further, as supply chains relied on e-commerce, demand for efficient storage and packaging grew manifold.

Considering the change in status-quo brought about by the COVID-19 pandemic, it is likely that demand for cold chain packaging will continue to grow through 2020-2030.

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Key Segments Covered In Cold Chain Packaging Industry Research

Product Type :

Pallet Shippers
Insulated Containers
Foam Bricks
Gel Packs
Protective Packaging
Phase Change Cold Storage Products

Material Type :

Polymer
- Polyethylene
- Polypropylene
- PET
- EPS
- Polyurethane
- Others
Metal
Paper

Packaging Formats :

Reusable Packaging
Disposable Packaging

End-use :

Food
- Meat, Poultry & Seafood
- Dairy Products
- Fresh Produce
- Bakery & Confectionary
Beverages
- Alcoholic Beverages
- Non-Alcoholic Beverages
Pharmaceutical
Cosmetics & Personal Care
Chemical
Others

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More Valuable Insights on Cold Chain Packaging Market

In the latest report by FMI, we offer an unbiased analysis of the global cold chain packaging market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030.

In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of product type (pallet shippers, insulated containers, foam bricks, gel packs, protective packaging (foams sheets, etc.), phase change cold storage products (plates, micro capsules, bags and balls)), packaging formats (reusable packaging, disposable packaging),

material type (polymer, polyethylene, polypropylene, PET, EPS, polyurethane, others (extruded polyisocyanurate, etc.), metal, paper), end use (food (meat, poultry, and seafood, dairy products, fresh produce, bakery & confectionery), beverages (alcoholic beverages, non-alcoholic beverages), pharmaceutical, cosmetics & personal care, chemical, others), across six major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA).

Frequently Asked Questions

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About Future Market Insights, Inc.

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

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Pharmaceutical Packaging Market Future Analysis, Demand by Regions and Opportunities with Challenges 2031

The global pharmaceutical packaging market is postulated till US$ 178.8 Bn by the year 2031 at a CAGR of 7.4% between 2022 and 2031.Over the past few years, pharmaceutical packaging is gaining ground due to improvements in terms of safety and security. Also, the rising incidence of diseases coupled with sustainability concerns is positively influencing the growth of pharmaceutical packaging operations.

The latest research on “Pharmaceutical Packaging Market Report” offered by FMI provides a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business.

Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies and Forecast.This report provides an in-depth study of the market competitive situation, product scope, market overview, opportunities, driving force, and market risks.

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Top Key Players Covered-

Westrock Company., Becton, Dickinson and Company, Amcor plc, Berry Global Group, Inc., Mondi group, and Ardagh Group S.A. are some of the leading players operating in the pharmaceutical packaging market.

As per FMI analysis, the Tier 3 players in the market are estimated to hold 70-80% in the global pharmaceutical packaging market. In conclusion, key players contribute almost 20-30% of the global market. Market leaders are largely focused on product development and merger & acquisition strategies.

Sales of the pharmaceutical packaging solutions have risen exponentially in the past few years. This can be attributed to the increasing demand for child-resistant packaging formats to avoid accidental consumption. Cost-effectiveness, ease of use, and durability are key factors fuelling the demand for various packaging solutions. The pharmaceutical packaging market is anticipated to witness soaring demand as manufacturers introduce innovative easy-to-use-and-dispose features.

Packaging of the pharmaceutical products is of key importance among drug manufacturers. According to a study on the pharmaceutical packaging market by Future Market Insights (FMI), manufacturers are giving priority to clean room packaging solutions in order to control the impact of the pandemic and other ailments.

Pharmaceutical packaging solutions include primary packaging options including bottles, vials, ampoules, blister packs, in addition to secondary packaging such as boxes, cartons, and more. Of these, the demand for bottles as a suitable type of pharmaceutical packaging is considerably high.

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Key Takeaways from Pharmaceutical Packaging Market Study

By product type, bottles are estimated to lead the market with over 30% of the value share, by the end of 2031 supported by leak-proof packaging solutions
Plastic is projected to be the most lucrative material in the industry creating an incremental opportunity of US$ 58.41 Bn by 2031
The U.S. holds dominance in the North America market with the presence of some of the leading pharmaceutical manufacturers
China will showcase a solid growth driven by the expansion of local pharmaceutical sector
Germany is projected to be dominant in Europe and is expected to continue leading as a pharma packaging manufacturing hub.

“Regulations implemented to ascertain safety of drugs & medications will create lucrative opportunities. Pharmaceutical packaging is sought-after due to its temperature & moisture resistance, durability, and ease of use. With the expansion of the pharmaceutical sector, manufacturers are likely to focus on the launch of novel technologies,” says an FMI analyst.

Rise in Per Capita Healthcare Expenditure Augments Sales for Pharmaceutical Packaging

Considering the current scenario and rising awareness about the healthcare sector, investments in the drug and biopharmaceutical sectors are rising. Healthcare investments have had a positive and direct correlation with the pharmaceutical industry.

A major part of investments is attracted from the pharmaceutical industries for the growth of the country’s economy. The per capita expenditure on healthcare is increasing steadily due to the concerned behaviour of customers about shelf life.

As per a World Bank report, in 2018, Japan spent around 10.95% of its GDP on healthcare whereas Germany spent 11.43% of its GDP for the same. As a result, the market for pharmaceutical packaging has benefited as investments in the healthcare sector will favour growth of the pharmaceutical packaging industry.

Impact of COVID-19 on Pharmaceutical Packaging Market

The COVID-19 pandemic had a positive impact on the growth and demand for pharmaceutical packaging, supported by several factors such as an increase in the cases on-going disease, the urgent need for pharmaceutical products, and drastic demand for life-saving drugs & medicines.

Every regional market was impacted due to the COVID-19 pandemic, which ultimately created a requirement for drugs for treatments which in turn increased the demand for pharmaceutical packaging majorly in North America, Europe, and South & East Asia.

Later, at the beginning of 2021, the demand for pharmaceutical packaging rose strongly due to a rising number of COVID-19 positive cases in addition to the prevalence of other non-contagious diseases. Considering this, the demand for vaccine, injections, medicines, and other drugs has increased, fuelling sales opportunities for pharmaceutical packaging solutions.

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Key Segments Covered in Pharmaceutical Packaging Research

Product Type

Bottles
- Packer Bottles
- Liquid Bottles
Vials & Ampoules
Blisters
Bags & Pouches
Prefilled Syringes & Cartridges
Sachets
Trays
Tubes
Containers, Jars, & others

Material Type

Plastics
- Polyethylene
  - LDPE
  - HDPE
- Polyvinyl Chloride
- Polypropylene
- Polyethyene Terephthalate
- Others (Polycarbonate)
Glass
Metals
Paper

Region

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

Frequently Asked Questions

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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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Transit Packaging Market is expanding at a CAGR of 10.4% from 2022 to 2026

The market for transit packaging is expected to be worth US$ 62.7 billion in 2022 and US$ 102.1 billion by 2026, growing at a CAGR of 10.4% between 2022 and 2026.

A new research report of Future Market Insights has slated an above-average expansion for the global transit packaging market through the forecast period (2017-2026). Revenues from the market are poised to surpass US$ 200,000 Mn by 2026-end.

Ecommerce Fulfillment Hubs Aggressive in Development & Implementation of Automation Systems in Warehouse & Logistics

Traditionally, material handling, shipping, and warehousing operations associated with transit packaging have been labor-intensive, burdening personnel costs and potential for injury, accident, and product damage. Currently, there is huge emphasis on accommodating human operators and human-operated equipment in the warehouse layout and design, which in turn will lead to optimum utilization of warehouse space and overhead volume. There has been a rise in the incorporation of stock-picking robots and robotic forklifts that require relatively narrower aisles than the human-operated machines, thereby enabling safe manipulation of taller shelves, racks and pallet stacks. Ecommerce fulfillment hubs have become more aggressive in the development and implementation of automation systems in warehouse and logistics, which in turn is expected to reshape the market for transit packaging in the near future.

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Surging trade activities coupled with robust demand for packaging from various end-use industries are driving complications in transit packaging management. This has further led toward the introduction and high adoption of the efficient fleet management systems for facilitating management of tracking & cleaning containers, maintenance activities, and fleet sizes, in order to deliver safe and efficient transportation of goods. Soaring emphasis on the product safety during transportation has fuelled adoption of corrugated boxes, as they facilitate the process of recycling and are more sustainable for the environment. The environmental issues play a fundamental role in selection, business practices, and product design of transit packaging. Prominent retailers currently demand for less wasteful and more efficient transit packaging solutions, with their motivation for using “greener” packaging materials rowing in tandem with the environmental sensitivities of players driving the market for transit packaging globally.

Key Research Findings from the Report

Europe will account for the lion’s share of the market by 2026-end, succeeded by North America and Asia-Pacific excluding Japan (APEJ). Revenues from transit packaging market in Europe and APEJ are expected to increase relative faster through 2026. In addition, revenues from the market in North America and Latin America are projected to witness a parallel increase through 2026.
Polyurethane and paper & paperboard are expected to retain their position of being fastest growing packaging materials in the global transit packaging market. In contrast, sales of polyethylene and ethylene vinyl alcohol are expected to grow in parallel at the lowest CAGR through 2026.
On the basis of packaging type, cartons and containers are expected to lead the global transit packaging market, in terms of revenues. However, sales of wooden crates are poised to reflect a comparatively faster expansion through 2026.
Pharmaceuticals and third party logistics will prevail as fast-growing end use industries of transit packaging, with revenues collectively estimated to reach approximately US$ 55,000 Mn by 2026-end.

Occupancy of numerous local, regional, and multinational players has made nature of global transit packaging market fragmented, wherein regional players are increasingly competing against international players via provision of various innovative solutions at relatively lower prices. International players are likely to retain their dominance in terms of quality, range of offerings, features, and cost. Wide scope for innovation is being highly sought-after by the market vendors, owing to surging demand from the food, fertilizer, pharmaceutical, and chemical industries. An inorganic expansion is estimated for international players in the market through acquisition of local or regional players in the near future. FMI’s report identifies key players driving the market growth, which include Yinghua Plastic Products Co., Mondi Group PLC, Honeycomb Cellpack A/S, Deufol SE, Papier-Mettler KG, BEUMER Group GmbH & Co. KG, International Paper Co., Nefab AB, Eltete TPM Ltd, and SGS SA.

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Market Taxonomy

A segmentation analysis delivered in the report submits insights on the global market for transit packaging. The market is characterized based on end-use industries, packaging type, material type, and region. Analyses on the Y-o-Y growth comparison, market share comparison, and the revenue comparison in accordance with relevant market numbers has been delivered in this chapter. The global market for transit packaging has been divided regionally into Asia-Pacific excluding Japan, Europe, Middle East & Africa, Japan, Latin America, and North America.

Region

North America
Latin America
Europe
Japan
APEJ
MEA

Material Type

Polyethylene
Polypropylene
Polyethylene Terephthalate
Polyvinyl Chloride
Ethylene vinyl alcohol
Polyurethane
Paper & Paperboard
Metal
Wood

Packaging Type

Cartons
Wooden crates
Containers
Corrugated boxes
Barrels
Intermediate Bulk Containers
Strapping
Other Packaging Type

End Use Industries

E-Commerce
Automotive
Building & Construction
Chemicals
Food & Beverages
Electrical & Electronics
Industrial Machinery and Equipment
Pharmaceuticals
Third Party Logistics
Consumer Goods

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Bottles Market | plastic segment is expected to grow by 1.6x during the forecast period

The global bottles market is expected to reach a market valuation of US$ 108.0 Bn by the year 2022, accelerating at a CAGR of 5.0% by 2022-2032.

Future Market Insights (FMI) has predicted the bottles market size to top US$ 108 Bn in 2021. The packaging industry produced 146 million tonnes of plastic and waste generation by the industry was 141 million tonnes in 2015 based on research by Geyer et al. Most of the alternatives are either costlier or functionally incapable of replacing plastic.

These developments are expected to have a considerable impact on the bottles market. With focus slowly shifting away from plastic as preferred material, some of the leading market players are focusing on strategic collaborations to stay ahead of the curve.

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For instance, recently acquired by HP Inc, has developed zero plastic paper bottle. There also are instances where paper bottles have been commercialized as Chaayos has done. Replacing plastic bottles with paper bottles will take some time and until then plastic will remain the key material to be used for making bottles.

As per FMI, plastic segment contributed towards 61% of the overall bottles market in 2021. Meanwhile, glass bottles also will register steady rise in demand. Despite cons of being heavy and breakable, glass bottles remain the preferred choice for premium and quality products. Moreover, it is preferred by the pharmaceutical industry due to its properties like chemical inertness, non-permeability, and sterility.

Metal bottles are lighter, attractive and sustainable. Moreover, it provides product protection from sunlight and other sources of light. It is more durable than paper and plastic and less fragile than glass.

Key Takeaways from Bottles Market

The plastic segment is estimated to create an incremental opportunity of US$ 40 bn during the forecast period.
The beverage industry is held 41% of the total market share by the end of 2021.
The India bottles market is projected to register a CAGR of 6.7% during the forecast period
The China bottle market is expected to register a CAGR of 6.4% between 2022 and 2032.

“Attractive and more functional bottles are going to steal the show in terms of cost as well as sustainability. Considering this, bottle manufacturers are focusing on design innovations to gain competitive edge,” said an analyst at FMI.

Demand for Bottles to Grow in Beverages Sector

The beverage industry is seeing growth, especially in a post-pandemic world. The growth in the industry is due to the emergence of direct to customer delivery and eCommerce platforms which have solved logistical issues. In addition to this, technology is also playing a crucial part in the beverage industry growth journey. The greater the sales of the beverages, the greater the opportunity for the bottle industry. The beverages segment contributed 41% of the market share in 2021 and it is expected to remain dominant end user through the course of the assessment period.

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Bottles Market Landscape

Amcor PLC, Gerresheimer AG, AptarGroup Inc., Ardagh Group SA, Albéa S.A., Berry Global Inc., Comar, LLC, Alpack Inc., ALPLA Werke Alwin Lehner GmbH & Co KG, Vitro, S. A. B. de C. V., Vidrala S.A, BA Glass B.V., AGI Glasspack Limited., Frigoglass Jebel Ali FZCO, Consol Glass (Pty) Ltd., Toyo Glass Co., Ltd., Piramal Glass Private Limited, Albéa S.A., Verallia SA, Stölzle-Oberglas GmbH

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Key manufacturers operating in the bottles market are focusing on producing lighter-weight and sustainable products. Several mergers & acquisitions and innovations are taking place in the industry as market player’s aim for competitive edge.

In February 2022, HP Inc acquired Choose Packaging, which developed zero plastic paper bottles.
In 2019, PriestmanGoode came up with new sustainable packaging to replace single-use plastics in air travel.

Bottles Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for bottles market by material Type (Glass, Plastic, Metal, Paper), By Capacity (Up to 200 ml, 201-500ml,501-1000ml, 1000ml & above), By End-use (Food, Beverages, Pharmaceuticals, Personal care & Cosmetics, Homecare, Chemicals) & by Region (North America, Latin America, Europe, South Asia, East Asia, Middle East & Africa, Oceania) – Forecast to 2022 – 2032

Bottle Market by Category

By Material, Bottle Market is segmented as:

Glass
Plastic
Metal
Paper

By Capacity, Bottle Market is segmented as:

Up to 200 ml
201-500 ml
501-1000 ml
1000ml & above

By End Use, Bottle Market is segmented as:

Food
Beverages
Pharmaceuticals
Personal care and cosmetics
Home care
Chemicals

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Key Questions Answered in the Report

How big is the bottle market?
Will beverages industry remain leading end user in global bottles market?
Which region is expected to contribute maximum to the bottles sales?
How will the China and India bottles market are?
Which material type will dominate the bottles market?

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Robotic X Ray Scanner Market New Innovations and Future Expansion 2022-2026 with Top Countries Data

With 1000+ market research reports and 1 billion+ data points, Future Market Insights (FMI) serves each and every requirement of the clients operating in the global healthcare, pharmaceuticals, and medical device industries. FMI deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.

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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Robotic X Ray Scanner market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

Crucial information and forecast statistics covered in the Robotic X Ray Scanner market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Robotic X Ray Scanner Market

The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Robotic X Ray Scanner market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Robotic X Ray Scanner market.

Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Robotic X Ray Scanner market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Robotic X Ray Scanner Market: Segmentation

Valuable information covered in the FMI’s Robotic X Ray Scanner market report has been segregated into key segments and sub-segments.

By Application

Trauma
Surgery
Orthopaedics

By End Use

Hospitals
Less than 200 Beds
200-500 Beds
More than 500 Beds
Ambulatory Surgical Centres
Diagnostic Imaging Centres

Robotic X Ray Scanner Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Robotic X Ray Scanner market. Competitive information detailed in the Robotic X Ray Scanner market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Robotic X Ray Scanner market report.

Key Players Covered In The Report Include:

Siemens AG,
Philips Healthcare,
GE Healthcare Inc.,
Ziehm Imaging,
Hologic corp.,
BMI Biomedical International s.r.l.,
Medonica Co. Ltd.

Important Questions Answered in the Robotic X Ray Scanner Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Robotic X Ray Scanner market been expanding during the forecast period?
How will the global Robotic X Ray Scanner market look like by the end of the forecast period?
What innovative strategies are adopted by Robotic X Ray Scanner market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Robotic X Ray Scanner market?

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Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Robotic X Ray Scanner market

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Endoscope Protective Barrier Covers Market Insights, Status and Prospects 2022-2027

Mass technological transformation of the global healthcare industry has left key market participants struggling to traverse the complexities of medical and life sciences. Given the shifting dynamics of the global healthcare sector, pharma and biotech companies are taking measured efforts to improve patient outcomes in an effective manner, while keeping a careful watch on the bottom line.

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Much is being said about Artificial Intelligence taking over manual back office and supply chain operations in the healthcare ecosystem, threatening to replace physicians from critical claims processing roles. This might put pressure on pharmaceutical companies to ensure readiness to the new technology.

Big data and analytics will drive patient outcomes in a big way, and the coming years will witness a growing emphasis on healthcare service providers in the business of gathering and processing patient health data.

Creating outcome-oriented financial models to maximize reimbursements in value-based healthcare will be a strategic shift from the traditional fees-for-services model. This implies that pharmaceutical companies will need to devise appropriate measures to optimize costs and improve the quality of patient care.

The latest research report published by Future Market Insights on the Endoscope Protective Barrier Covers Market is intended to offer reliable data on various key factors shaping the growth curve of the market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.

The research report published by Future Market Insights on the Endoscope Protective Barrier Covers Market provides a detailed overview of the demands and consumptions of various products/services associated with the growth dynamics of the market during the forecast period 2017-2027. The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues. The insights and analytics on the Endoscope Protective Barrier Covers market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.

Regional Segments Analyzed Include:

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, S. Africa, N. Africa)

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The Report Covers Exhaustive Analysis On:

Market Segments
Market Dynamics
Market Size & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

What Do You Get in a Future Market Insights Study?

Factors affecting the overall development of the Endoscope Protective Barrier Covers Market
Factor that might restrain the growth of the global market in the coming years of the forecast period 2017-2027
What is present competitive scenario of the global Endoscope Protective Barrier Covers Market and its intricate details concerning potential business prospects of leading market players
Pricing strategies of several different market players in the Endoscope Protective Barrier Covers Market

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What insights readers can gather from the Endoscope Protective Barrier Covers market report?

Learn the strategies, and modus operandi of every Endoscope Protective Barrier Covers market player –expansions, product launches, collaborations and acquisitions in the market currently
Enter the market with an objective view of of the progress outlook of the global Endoscope Protective Barrier Covers landscape, including total revenue, consumption and production, and historical & forecast
Get your hands on key drivers, opportunities, challenges to growth and trends (DROT Analysis)
Get a sneak-peek of trends, R&D developments, such as carbon footprint, prototype technologies, and globalization

The Endoscope Protective Barrier Covers Market report answers the following queries:

What is the largest share held by key players in the market?
What strategies have proven most advantageous in the Endoscope Protective Barrier Covers Market?
Which region promises largest opportunity for new investors during the forecast period 2017-2027?
What factors will most likely present challenges to growth during the forecast period?
What will be the value of total revenues, and at what CAGR will the growth compound during the forecast period?

Benefits of Future Market Insights Study

Future Market Insights has gradually established itself as one of the leading market research companies in the World. Our unique, methodical, and up-to-date approach towards creating high-quality market reports ensures the reports include relevant market insights. Further, our team of analysts leaves no stone unturned while curating market reports in accord with the requirement of our clients.

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