Market Research Blog – Page 9474 – New Product Development

Electric Vehicle Plastics Market- New Technological Development Projecting Massive Growth till 2026

Manufacturers need lightweight materials to develop an electric vehicle which is one of the primary drivers for electric vehicle plastics market. Growing environmental concern is expected to increase the demand for electric vehicles which thereby would drive the demand for electric vehicle plastics market over the forecast period.

Increasing demand for electric vehicles owing to growing environmental awareness supported by innovation, government, and investments made by OEMs, has resulted in a technological revolution in the global automobile industry. Demand for electric vehicles thereby, lead to an increasing demand for allied industries such as plastics which is an essential material required in manufacturing of electric vehicles.

Electric Vehicle Plastics Market: Market Dynamics

Electric vehicle plastics market is primarily driven by the trend of light-weight plastic applications as a manufacturing element. Application of light-weight plastics in electric vehicle results in enhanced fuel efficiency along with increasing the range of battery electric vehicle (BEV). BEV is expected to be the largest contributor to electric vehicle plastic markets which in turn will boost up the growth of global electric vehicle plastics market.

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Electric vehicle plastics market is further expected to witness an increasing demand owing to its performance competency as compared to metal. Plastic’s attributes such as carbon emission reduction and less dependency on petroleum drive the electric vehicle plastics market.

Electric vehicle parts such as energy recovery devices, pumps, fans, casings and non-moving parts are expected to be manufactured using plastics thereby reducing the overall weight of the vehicle without compromising on performance thereby fueling the demand for global electric vehicle plastics market.

However, recycling of plastic materials used in electric vehicle parts can be a restraint, hindering the growth of electric vehicle plastics market. Vehicle components are manufactured from varied plastic materials which require sorting of components before recycling process.

Electric vehicle plastics market can be segmented into vehicle types which includes, Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in hybrid Electric Vehicle (PHEV), wherein BEV type is expected to contribute majorly to the electric vehicle plastics market over the forecast period.

BEV manufacturing requires the maximum amount of plastic materials owing to the need for making the vehicle light-weighted and increase the range of the vehicle which, thereby fuels up the demand for electric vehicle plastics market.

Among the plastics types used in electric vehicles, polypropylene (PP) constitutes a significant share in the electric vehicle plastics market. PP is widely used in electric vehicles for interior applications such as seats, car body, bumpers, head and arm rest.

Polypropylene attributes such as light-weight, flexibility and improved strength stir up the demand for the material thereby, boosting up the electric vehicle plastic market.

Electric Vehicle Plastics Market: Regional Segmentation

Based on the regional coverage, electric vehicle plastics market has its presence in North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan and Middle east and Africa. North America followed by Western and Eastern Europe hold a significant share in the global electric vehicle plastics market in terms of its volume.

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Asia-Pacific is projected to grow at the highest CAGR over the forecast period. China and Japan contribute significantly to the global sales and production of electric vehicles thereby increasing the demand for electric vehicle plastics market.

Electric Vehicle Plastics Market: Key Players

Few key players in the global electric vehicle plastics market include DuPont, Dow Chemical Company, Evonik Industries AG., INEOS capital Ltd., BSM Group, BASF SE, Plastic Omnium and others.

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

The report covers exhaustive analysis on

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

Regional analysis includes

North America (U.S., Canada)
Latin America (Brazil, Mexico, Rest Of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Electric Vehicle Plastics Market: Segmentation

Electric vehicle plastics market can be segmented on the basis of electric vehicle type which includes:

Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-in hybrid Electric Vehicle (PHEV)

Electric vehicle plastics market can be further segmented on the basis of plastic material used in manufacturing, which includes:

Polypropylene (PP)
Polyethylene (PE)
Acrylonitrile- Butadiene Styrene(ABS)
Polyurethanes (PE)
Polyamide (PA)
Polycarbonate (PC)
Polyvinyl Butyral (PVB)
Polyvinyl Chloride (PVC)
Others

Electric vehicle plastics market can be segmented on the basis of application, which includes:

Interior
Seats
Arm Rest
Bumpers
Head Rest
Others
Exterior
Car Body
Lights

Hydrated Lime Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2028

Lime is calcium-containing inorganic compound, in which oxides and hydroxides are predominate. Primarily, lime has two different types such as hydrated lime and quicklime. Hydrated lime is available in dry powder form, is less caustic as compared to quicklime. It is produced by hydrating or adding water during the manufacturing process, also known as slaking. Hydrated lime is used in ground or pulverized form. In term of applications, hydrated lime is used in metallurgical operations for refining and extraction of metals from mineral ores; in agricultural fields as a soil conditioner for pH balancing; and in the manufacturing of cement, clinker, plasters and related additive materials for concrete. Further, hydrated lime is used as a softener in water-treatment processes.

Further, it is used as a reagent in flue gas treatment during the desulphurization process and as a chemical additive for the manufacturing of paper, glass and processed leather products

Global Hydrated Lime Market Dynamics

Mining activities involve the refining of mineral ores in pure metal form to generate sludge effluents, which are released in water sources. These water resources, require effective water treatment, which in turn creates lucrative growth opportunities for hydrated lime producers, owing to the application of hydrated lime as a reagent for effluent treatment processes.

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Existing mandatory environment management rules enforced by governments for achieving zero hazardous material discharge in natural water resources are expected to be the prime factor supporting this growth.

Precipitate calcium carbonate (PCC), made by hydrated lime, is an innovative product, which finds a wide range of application in the production of paper, paint, plastic, rubber, ink, etc. PPC’s ability to replace high-cost impact modifiers in polymers is, in turn, driving its consumption in plastic industries_ PVC plastisols, polysulfides, urethanes, and silicones.

Thus, the demand for precipitated calcium carbonate is positively impacting on the global hydrated lime market throughout the forecast period. The growing use of hydrated lime in various application, specifically in the agriculture, chemical, plastic, and mining industries are expected to drive the demand for the global hydrated lime market.

Global Hydrated Lime Market: Regional outlook

On the basis of geography, the global hydrated lime market can be segmented into nine key regions, namely, South East Asia Pacific, Latin America, Western Europe, Middle East & Africa, China, Japan, Eastern Europe, and India. With growing investments in the Latin America region in the construction sector, the market in the region is projected to witness significant traction. Further, an increase of coal mining and the production of coal in the Asian market are expected to subsequently drive the demand for hydrated lime at the regional level. Increasing demand for pesticides from the South East Asia Pacific region, the hydrated lime market is estimated to grow with a healthy growth rate.

Also, China and India are major consumers of hydrated lime. In term of steel production, Europe dominates the market (the region has 168.7 million metric tons production of steel in 2017), owing to that, the demand for hydrated lime in Europe will increase in next few years. Further, the hydrated lime market in developed economies like North America estimated to grow with a healthy growth rate during the forecast period.

Global Hydrated Lime Market: Key Players

The global hydrated lime market expected to be fragmented throughout the forecast period. Some of the market participants identified across the value chain of the global hydrated lime market include Graymont Limited, Lhoist, SIBELCO, NIKI Chemical industries, McGean-Rohco Inc., KIMTAS, CARMEUSE, Boral Limited, Omya Australia Pty Ltd. and United States Lime & Minerals, Inc., among others.

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The report covers exhaustive analysis on

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

Regional analysis includes

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

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

Global Hydrated Lime Market Segmentation

Hydrated Lime market is segmented on the basis of applications, end-use industry, and regions. Global hydrated lime market can be segmented on the basis of applications as mentioned below:

Global Hydrated Lime market can be segmented on the basis of the application as mentioned below:

Water treatment
Building Materials
Mineral Processing and Metallurgy
Pellatisation of steel
Whitening Agent

Global Hydrated Lime market can be segmented on the basis of end-use industry as mentioned below:

Mining Industry
Construction
Paper Industry
Chemical
Oil & Gas

Oxygen Market 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2027

The most common occurrence of oxygen in nature is in the form of a colorless gas. It is the life sustaining element found on earth with atomic number 8 and one of the basic chemicals with symbol O. Oxygen is a highly reactive oxidizing agent and nonmetal because it readily forms oxides with many compounds and other elements. It constitutes 21% of the earth’s atmosphere.

The common commercial method of preparing almost 99% pure oxygen oxygen is air separation by vaccum swing adsorption process or cryogenic distillation process. Electrolysis of water is another method of producing pure oxygen but it is not economical for large volume of production. Oxygen is available in gas cylinders, spray cans and containers etc.

The base containers for liquid oxygen are available in various quantities varying from 31 to 41 litres. The oxygen market contributes to the growth of various related markets as well such as air-oxygen blenders, medical oxygen generators, stationary and portable oxygen concentrators.

Oxygen Market: Market Dynamics

The growth of industries such as agriculture, automobiles, beverages, chemicals, construction equipment, food, glass, medicine, ship building, space explorations, steel manufacture etc. require stable oxygen for processes; which is increasing the demand for oxygen production throughout the world. The versatile uses of oxygen in chemical industry as an oxidizing agent and catalyst are contributing to the growth of oxygen market.

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Use of oxygen in metal, mining and mineral processing is improving the efficiency of their processes, which reduces the overall cost of production. Oxygen consumption as breathing aids and apparatus is increasing around the globe because of the increasing pollution, which contaminates air and reduces quantity of natural oxygen in the breathing air.

Liquid oxygen is extremely cold apart from its vast applications. It can cause severe frostbites and cryogenic burns to the skin. Lack of written safety instructions by oxygen vendors cause injuries while handling oxygen apparatus. The cost of producing oxygen for different purposes such as medical and industrial is high, which makes it an expensive chemical, thereby affecting the growth of its market.

Oxygen is being used instead of air to improve performance and capital efficiency in various industries. Oxygen can also enable and activate carbon capture processes. Oxygen is used in gasification processes, process heaters, industrial fermentation and boilers to enhance productivity.

In water treatment plants, oxygen is being added directly to the waste water in order to improve the effectiveness of removing pollutants from the water. Most of the celebrities undergo oxygen facials at spas, these facials provide instant nutrition and radiance to the skin. A pressurized steam of oxygen under hyperbaric therapies fortifies the skin with vital nutrients.

Oxygen Market: Segmentation Overview

Oxygen is used for medical hyperbaric therapies done in an hyperbaric oxygen chambers for treatment of soft tissue infections, thermal burns, crush injuries, diabetes related wounds, delayed radiation injuries, certain skin grafts and flaps etc. Oxygen gas is used to treat patients with carbon monoxide poisoning. Breathing apparatus made up of oxygen are used in hospitals to treat patients, also by mountaineers and scuba divers while diving and trekking.

Oxygen is used in combination with acetylene for metal cutting, melting and welding purposes. It is also used by mining companies to blast off the rocks. Liquid oxygen is used in launching bipropellant vehicles and gaseous oxygen is used to support rocket fuel combustion in spaceships. Oxygen is also used as an assist gas for laser and plasma cutting.

It is also added in small quantities to shielding gases. Oxygen is used to increase the production capacity of oxidation processes and in its purest form, oxygen is used to manufacture many useful chemicals such as titanium dioxide and ethylene oxide. In glass manufacture, oxygen is used to enhance combustion in glass furnance and reduce emissions of NOx.

Oxygen is used to enhance or replace air in industries for ferrous as well as non-ferrous production of metals. In biotechnology, oxygen is critical for applications related to the cell growth. In pharmaceuticals, oxygen is used in fermenters and bioreactors. Oxygen is used in many refineries in order to enhance the capacity of Sulphur Recovery Units (SRU) and Fluid Catalytic Cracking plants (FCC), which improve waste water treatment operations.

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Oxygen Market: Prominent Players

Some of the prominent players in the global oxygen market are:

The Linde Group
Air Liquide
Praxair Technology, Inc.
TAIYO NIPPON SANSO
Airgas, Inc.
AIR WATER INC
Yingde Gases
Baosteel Metal Co., Ltd.
Guangdong Haute Gas Co., Ltd.

The report covers exhaustive analysis on

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

Regional analysis includes

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

Oxygen Market: Segmentation

The global oxygen market can be segmented on the basis of form of oxygen:

Gaseous
Liquid
Solid

It can also be segmented on the basis of applications:

Pharmaceutical
Cosmetics
Mining and mineral processing
Automobiles

The global oxygen market can also be segmented on the basis of end use industries:

Medical
Industrial
Scientific

Wine Barrel Market – Global Industry Analysis and Deeper Insights | FMI

The wine barrels market is estimated to value at US$ 4.1 billion in 2022 and is projected to reach US$ 5.7 billion by 2029, at a CAGR of 4.8% during the forecast period. In terms of demand, wineries and spirit producers are prominent users in the global wine barrel market. In developing markets, newly entered brands are assisting consumers in finding unknown wine and beverage alcohol products as well as locally generated flavors to create a remarkable growth of the wine barrel market.

With global revenues increasing 4.4% year over year in 2020–2021, the market for wine barrels saw explosive expansion. According to a recent FMI forecast, the market value of wine barrels is expected to reach US$ 5.7 Bn in 2029 and rise between 2022 and 2029. According to recently released data from a market analysis of wine barrels, global sales of the French oak and American oak segments are expected to grow at a CAGR of 5.1% and 4.4%, respectively, between 2022 and 2029 while maintaining a market value of US$ 3.5 Bn in 2022.

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The global wine barrel market will register a healthy CAGR during the forecast period, 2019–2029. The demand for wine barrel continues to rise on broader accessibility, owing to rising consumption of wine and related products due to health benefits as these help enhance mental health and heart condition and protect against formation of cancer cells in human body.

Key Takeaways — Wine Barrel Market Study

Since the last decade, the wine barrel market has become fruitful in Europe, especially in France, Germany, and Italy, due to strong sales of spirit and wine barrel in the U.S. market.
The USA is still prominent in the wine market, with the latest figures showing the country with substantial wine consumption of ~33 million hectoliters.
Highly expensive French oak wine barrels and stainless steel wine barrel are alternatives that limit market growth for wine barrels.
The stable demand for oak wood wine barrel is projected to suffer from an increase in stringent regulations against cutting of trees and frequent forest fires.
In spite of the high cost of French oak wine barrel, the demand for the same is expected to increase at a CAGR of ~5% during the forecast period.
As compared to developing economies, the sales of the wine barrel are anticipated to be higher in countries of North America and Western Europe.

Emergence of Stainless Steel Barrels and Tanks as Alternative

Over the last few years, stainless steel wine barrels are precisely design and develop by manufacturers to meet the need of winemakers in all stages of development, fermentation, maturation, and storage of wine. The actual duration in the usage of oak wine barrel by winemakers is three to five years. Once the functional properties of the barrel reduces, winemakers have to dispose used barrels. However, stainless steel barrels are portable, durable, reusable, easy to clean, and maintain.

From the profitability point of view, winemaking is getting costlier day by day. Therefore, wineries are aging their wine in stainless steel barrels and tanks progressively. When the less oaky wines are needed, winemakers use oak wine barrel alternatives in the form of chips, powder, and blocks. Stainless steel is considered as sustainable alternatives to wine barrel as it is one of the world’s most widely recycled material.

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Wine Barrels Market By Category

By Oak Type :

French Oak
American Oak
Eastern European Oak

By Toast Level Type :

Light Toast
Medium Toast
Medium Plus Toast
Heavy Toast

By Capacity :

Barrique
Hogshead
Puncheon
Others

By Region :

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

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Key Questions Answered in the Report:

(1) What are the growth opportunities for the new entrants in the Global Wine Barrel industry?

(2) Who are the leading players functioning in the Global Wine Barrel marketplace?

(3) What are the key strategies participants are likely to adopt to increase their share in the Global Wine Barrel industry?

(4) What is the competitive situation in the Global Wine Barrel market?

(5) What are the emerging trends that may influence the Global Wine Barrel market growth?

(6) Which product type segment will exhibit high CAGR in future?

(7) Which application segment will grab a handsome share in the Global Wine Barrel industry?

(8) Which region is lucrative for the manufacturers?

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Plastic Caps & Closures Market Future Scenarios, Growth and Analytical Insights 2029

Increased sales of plastic caps and closures have resulted from increased consumption of carbonated and non-carbonated beverages, which has enhanced the prospects of bottles, jars, and other analogous container types. Due to continuous demand for plastic caps and closures for bottles, jars, tubes, and containers, the global plastic caps and closures market is predicted to increase at a rate of 5% between 2022 and 2029. Various types of plastic caps and closures, such as screw, snap, and push & pull caps and closures, are seeing increased sales as a result of the convenience packaging trend.

According to FMI, by the end of 2029, the plastic caps and closures business will have generated an additional potential of US$ 18 billion.

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Key Takeaways – Plastics Caps & Closures Market Study

Screw caps & closures are experiencing the unmatchable demand, especially in the beverage industry as this packaging solution maintains the optimum air levels in bottles and provides convenient opening and closing.
Thermoplastics such as polyethylene (PE), polypropylene (PP), and others dominate the global plastics caps & closures market in terms of material. Use of these plastics for manufacturing plastics caps and closure offers advantages such as low processing cost as well as lightweight and high strength products.
The beverage industry has been identified as the key end user of the plastics caps & closures, as this sector generates a constant demand for plastics caps & closures to pack a wide variety of carbonated and non-carbonated drinks.

Convenience packaging and small bottles are in high demand.

When consumers travel to other locations, they prefer to bring their favourite products with them. Millennials all over the world choose convenience packaging since it is easier to carry, dispose of, and manage flow. Plastic caps and closures are in high demand due to consumers’ preference for these convenience packaging goods over traditional packaging, particularly among Generation Z. Another reason driving the growth of the plastic caps and closures market is the rapidly expanding usage of smaller bottles due to the current “on-the-go and breakfast bottles” trend in the beverage sector.

Competitive Landscape

The leading, as well as small scale manufacturers operating in the global plastic caps & closures market, are focusing on the changing industry needs of the end-user and manufacturing it accordingly. The key players in the plastic caps & closures market are adopting market strategies like product portfolio expansions and mergers and acquisitions to maximize their business reach and enhance their market position.

For instance,

In September 2021, Silgan Plastics, a leading supplier of sustainable rigid packaging solutions, acquired Gateway Plastics. Gateway Plastics manufactures dispensing closures and provides integrated dispensing packaging solutions to the food and beverage sector. The acquisition will help Silgan Plastics expand its comprehensive product offerings in dispensing and specialty closures.
In June 2021, BERICAP, a leading manufacturer of plastic closures acquired, Mala Verschluss-Systeme GmbH. Mala is a manufacturer of aluminium closures. With the acquisition of Mala, BERICAP will include aluminium closures in its product portfolio and develop innovative closure technologies combining plastic and aluminium.
In January 2022, Aptar Global, Inc. introduced a new product segment – PolkaLite. PolkaLite is a lighter and more efficient closure that brings convenience and superior performance.

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Plastic Caps & Closures Market by Category By Caps Type:

Screw Closures
Snap Closures
Push-Pull Closures
Others

By Material Type:

Thermoplastic
- PE
  - LDPE/LLDPE
  - HDPE
- PP
- Others (PS, PET etc.)
Thermosets

By End Use:

Beverage
Food
Pharmaceutical
Household
Cosmetics & Personal Care
Others (Chemicals, Fertilizers etc.)

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
MEA
Japan

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Key Questions Answered in the Report:

(1) What are the growth opportunities for the new entrants in the Global Plastic Caps & Closures industry?

(2) Who are the leading players functioning in the Global Plastic Caps & Closures marketplace?

(3) What are the key strategies participants are likely to adopt to increase their share in the Global Plastic Caps & Closures industry?

(4) What is the competitive situation in the Global Plastic Caps & Closures market?

(5) What are the emerging trends that may influence the Global Plastic Caps & Closures market growth?

(6) Which product type segment will exhibit high CAGR in future?

(7) Which application segment will grab a handsome share in the Global Plastic Caps & Closures industry?

(8) Which region is lucrative for the manufacturers?

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Sales of Bamboo Straws Market expand at a CAGR of 5.3% to reach US$ 7.3 Mn by the year 2032

The global Bamboo Straws market is set to enjoy a valuation of US$ 4.3 Mn in 2022 and reach a valuation of US$ 7.3 Mn by the year 2032. The global sales of bamboo straws are predicted to bolster with the top 5 companies projected to hold approximately 20-25% of the market by the end of 2022. According to historical estimations, the global bamboo straws market revenue totaled a valuation of US$ 4.1 Mn in 2021, and the market forms around 1% of the global bamboo packaging market worth US$ 455.0 Mn in 2021. The global bamboo straws market witnessed a CAGR of 3.1% during the historic period with a market value of US$ 4.1 Mn in 2021 from US$ 3.6 Mn in 2016.

On the basis of sales channels, the e-retail segment is anticipated to create a lucrative growth opportunity for the global bamboo straws market due to increased online shopping by consumers. The e-retail segment is anticipated to grow 1.5x the current market value during the forecast period. With the increasing consumer preference for biodegradable packaging within the food service industries, the global bamboo straw market is expected to showcase opulent growth opportunities. The rise in demand for eco-friendly straws is anticipated to propel the demand for bamboo straws. The bamboo straw market is predicted to expand 1.7 times the current market value during the forecast period.

Traditionally, plastic straws were in high demand due to their cost-effective benefit along with easy availability. The impact of plastic straws on the environment made it difficult for them to survive in the long run. Due to this, increasing consumer awareness of sustainable packaging propelled the demand for plastic-free products such as bamboo straws. Bamboo straws are reusable, biodegradable, recyclable, and disposable straws that address the growing environmental issues. Consumers are rapidly inclining towards eco-friendly convenient, as well as reusable packaging solutions, which is boosting the demand for bamboo straws.

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Key Takeaways

Plastic straw consumption in the world was surging but due to the saturation of plastic waste and the subsequent harm to the environment, European Union and the Global government banned the utilization of plastic cutlery and other products. These include plastic straws, stirrers, bags, cups, and others. Prominent manufacturers in the North American and European regions are working on replacing plastic straws with sustainable and reusable straws.
Governments in England made regulations to make sure that no one supplies beverages in single-use plastic straws. Furthermore, in Canada as well, widespread bans were implemented on using plastic straws. Many cities, such as San Francisco, Long Beach, Manhattan, and Oakland, have banned plastic straws in California. Different types of straws are introduced by manufacturers to expand their share in regional drinking straw markets. Attributed to these aforementioned factors, the global bamboo straws market is estimated to augment over the assessment period.
The surging number of food outlets is anticipated to fuel the growth of the food service industry substantially. Consumers have shifted towards using bamboo straws in the food & beverage industry. The return-on-investment leads to competition across food delivery platforms among food service companies, ensuring lucrative opportunities for food disposable manufacturers.
Preference for takeaway food is increasing which, in turn, is fueling the food service packaging demand. There are high growth opportunities for bamboo straw manufacturers in the near future, owing to the plastic straw ban in many countries.

Competitive Landscape

The key players in the global bamboo straw market are trying to capture a reasonable market share. Such key players are focusing on catering to the surging demand for eco-friendly packaging through expansion and collaboration with non-profit organizations.

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More Insights into the Bamboo Straws Market

Asia Pacific region is anticipated to create lucrative growth opportunities for the global bamboo straws market as it accounted for more than 30% of the market share and was considered the largest geographical market in 2017. Over the course of the recent prediction, the region is anticipated to maintain its supremacy. Rising product demand from nations like China, India, Japan, South Korea, and Taiwan is responsible for this expansion. These nations are among the biggest bamboo growers in the world.

Bamboo Straws Market by Category

By Straw Length, Bamboo Straws Market is Segmented as:

<9 cm
9 – 15 cm
16 – 20 cm
>20 cm

By Sales Channel, Bamboo Straws Market is Segmented as:

Manufacturers
Distributors
Retailers
E-retail

By End-user, Bamboo Straws Market is Segmented as:

Food Service
Institutional
Household

By Region, Bamboo Straws Market is Segmented as:

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

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

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

3.2.3. Demand in Conservative Scenario

3.3. Macro Factors and Forecast Factors

3.4. Value Chain Analysis

3.4.1. Profit Margin Analysis

3.4.2. Raw Straw Length Suppliers

3.4.3. Manufacturers, Wholesalers and Distributors

3.4.4. End-user/ Customers

3.5. Regional Parent Market Outlook

3.6. Production and Consumption Statistics

3.7. Global Average Pricing Analysis Benchmark

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Aluminum Extrusions Market Overview, Data Updates, Reports Analysis & Forecast | FMI

Future Market Insights predict a comparison and review analysis for the dynamics of the aluminum extrusions market, which is principally subjected to an array of industry factors along with a few definite influences regarding low production efficiency and high initial set-up cost may negatively impact the aluminum extrusion market growth. In February 2022, Novelis Inc. launched a research and development laboratory for aluminium manufacturing.

Expanding at a CAGR of 4.4%, the global aluminum extrusions market is projected to increase from a valuation of US$ 121.1 Bn in 2022 to US$ 163.3 Bn by 2029. Aluminum extrusion consumption accounted for approximately 65% market share of the global aluminum market in 2021.

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China’s Primacy in Aluminum Extrusions Market to Persist through the Next Decade

China, the leading market for aluminum extrusions, registers over 60% of the total market value share. Furthermore, China accounts for more than a quarter of the world’s manufacturing output and the manufacturing sector in the country is rising at a significant pace.

China currently accounts for nearly 30% of the global motor vehicle production in 2021. The automotive industry that has been a prominent end-use vertical of aluminum extrusions will continue to thrive at a high pace – propelling demand for aluminum extrusions further, in coming years.

Despite the huge production capacity of aluminum extrusions installed in the country, China is the largest importer in the world to suffice its ever-increasing domestic demand. Strong manufacturing capabilities of China and the further increasing GDP of the country have propelled the aluminum extrusions market within the country in recent past.

Excellent Growth Outlook Foreseen for APEC, Europe & North America

Asia Pacific (excluding China) is also anticipated to create a significant incremental revenue opportunity in the aluminum extrusions market through the next decade, on the backdrop of the rapidly expanding manufacturing industry, particularly in India and ASEAN countries.

Japan is estimated to account for around 1/3rd of APEC’s market value share estimated for 2022. However, Japan will witness sluggish growth due to the stagnant economy of the country.

India, one of the prominent producers of motor vehicles globally, will register significantly increasing demand for aluminum extrusions. However, the country’s motor vehicle production will be around five times less than that in Europe or the Americas.

Europe, led by Germany, is anticipated to witness excellent growth in the aluminum extrusions market size, by around 26% over the next 10 years. While Germany will account for more than a quarter of the Europe’s total consumption of aluminum extrusions forecast for 2019, Poland will reportedly mark the highest growth rate.

The report has attributed Poland’s market growth to the spectacular growth of the country’s manufacturing industry.

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Key Companies: Global Aluminum Extrusions Market

Key manufacturers operating in the global aluminum extrusions market include

Hindalco Industries,
Jindal Aluminium Limited,
China Zhongwang Holdings Limited,
Constellium N.V.,
Hydro Extrusions,
Arconic Inc.,
Gulf Extrusions Co. (LLC),
TALCO Aluminum Company,
Zahit Aluminum,
Bahrain Aluminium Extrusion Co. (Balexco),
Qatar Aluminium Extrusion Company,
Bonnell Aluminum,
SKM Co., Ltd.,
Keymark Corporation,
Kaiser Aluminum Corp.,
Norinco International Cooperation Ltd.,
Hulamin Ltd.,

Sankyo Material Company, Hammerer Aluminium Industries GmbH, and WISPECO Aluminium.

In this report, Future Market Insights has presented the strategies of the key players tracked by an analysis of the current developments related to the aluminum extrusions product segments by these manufacturers. To provide a comparative analysis of the profiled manufacturers of the aluminum extrusions products, a competitive landscape is provided in the report.

Key Segments of Aluminum Extrusions Industry Survey

Aluminum Extrusions Market by Product:

Automotive Chassis
Profile for Poles
Profile for Bridges
Profile for Rail Tracks
Door & Window Profiles
Curtain Walls
Profile for Heat Exchangers
Machinery Components
Others

Aluminum Extrusions Market by End User:

Aerospace
Building & Construction
Railways & Seaways
Energy
Defense
Others

Aluminum Extrusions Market by Region:

North America Aluminum Extrusions Market
Latin America Aluminum Extrusions Market
Europe Aluminum Extrusions Market
East Asia Aluminum Extrusions Market
South Asia & Pacific Aluminum Extrusions Market
Middle East & Africa (MEA) Aluminum Extrusions Market

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Table of Content

Global Market- Executive Summary

1.1. Market Outlook

1.2. Key Market Trends

1.3. Analysis and Recommendations

1.4. Opportunity Assessment

Market Overview

2.1. Market Taxonomy

2.2. Market Definition

Global Aluminum Extrusions Market Analysis 2014-2021 and Forecast, 2022–2029

3.1. Historical Market Volume (‘000 Tonne) Analysis, 2014-2021

3.2. Current and Future Market Volume (‘000 Tonne) Projections, 2022–2029

3.3. Y-o-Y Growth Trend Analysis

Regional Aluminum Extrusions Market – Pricing Analysis

4.1. Regional Pricing Analysis By Product Type

4.2. Pricing Break-up

4.2.1. Procurement Cost

4.2.2. Non-manufacturing Overhead

4.2.3. Energy Cost

4.2.4. Labour Cost

4.2.5. Manufacturers Margin

Frequently Asked Questions
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Adhesive Films Market Top Trends and industry overview to watch for in 2030

The global adhesive films market is expected to witness a steady CAGR of 5.5% during 2020-2030, according to a new report by ESOMAR-certified market research firm Future Market Insights (FMI).

FMI has revised the projection of the adhesive films market, considering the COVID-19 induced sluggishness in automotive industry. Although a recovery is expected in 2021, the rebuilding process will impact demand for adhesive in general, and adhesive films in particular.

According to FMI, the growth of the adhesive films market will be heavily reliant on the post-pandemic recovery in automotive sector. Demand is likely to remain subdued in the next couple of years, however, FMI opines pre-pandemic level growth rates to be witnessed again in the latter part of this decade.

In addition to the automotive industry, waning demand from construction industry has led to market correction. Infrastructure projects around the globe have been stalled, and new home purchases are at unprecedented lows. However, the long-term outlook on the construction industry remains positive, and adhesive film manufacturers will be hoping for a quick recovery.

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Key Takeaways from Global Adhesive Films Market Study

Demand for labels across industries to determine success of adhesive films between 2020 and 2030
Automotive sector to emerge as the leading end user globally
Pace of construction industry recovery to determine adhesive films market growth
Asia Pacific to emerge as the leading regional market with emerging economies thriving with manufacturing activities

The demand for adhesive films from the food packaging industry will continue to soar in the coming days as global economy witnesses a shift in consumption patterns.

The longer shelf life of packaged and frozen food become its unique selling point during the lockdowns. Growing sales have resulted in high demand for packaging solutions, which in turn fuelled the demand for adhesive films.

Analysts anticipate as the COVID-19 pandemic continues to wreak havoc it will push people to opt for packaged food, which is an essential and a means of staying indoors. Thus, food packaging industry is expected to give this market a definitive boost in the near future.

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“The adhesive films market was growing at a brisk pace, however, the COVID-19 has stalled growth. The lack of momentum has been compensated, to an extent, by growing demand from food packaging industry” says FMI analyst.

Key Segment

By Material

BOPP
PVC
PE
PA
Others

By Adhesive Type

Acrylic
Rubber
Silicone

By Application

Labels
Tapes
Graphic Films

By End Use

Electrical and Electronics
Building and Construction
Aerospace
Automotive
Packaging
Transportation

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Impact of COVID-19 on Adhesive Films Market

The impact of COVID-19 can be felt on the global adhesive films market. As automobile companies witnessed waning sales in the first and second quarter of 2020, it resulted in a massive drop of revenue for the adhesive films market.

Similarly, the market suffered as air travel faced bans and halts, reducing the need for repairs and maintenance altogether. Furthermore, no new contracts and no end in sight to allow travel fully have continued to impact the usage of adhesive films in the aerospace industry.

Key Questions Answered in the Report:

(1) What are the growth opportunities for the new entrants in the Global Adhesive Films industry?

(2) Who are the leading players functioning in the Global Adhesive Films marketplace?

(3) What are the key strategies participants are likely to adopt to increase their share in the Global Adhesive Films industry?

(4) What is the competitive situation in the Global Adhesive Films market?

(5) What are the emerging trends that may influence the Global Adhesive Films market growth?

(6) Which product type segment will exhibit high CAGR in future?

(7) Which application segment will grab a handsome share in the Global Adhesive Films industry?

(8) Which region is lucrative for the manufacturers?

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Pallet Wraps Market Top trends driving the industry to reach US$ 7.8 Bn

The global pallet wraps market stands at a net worth of US$ 5.9 Bn in 2022, and is projected to rise at a CAGR of 3.8% to end up with an estimated valuation of US$ 7.8 Bn by 2029.

Future Market Insights, in its latest research study, delineates growth of pallet wraps market from 2022 to 2029 and outlines overarching trends upholding growth. According to the report findings, pallet wraps sales reached approximately 3,123.1 ‘000 Tons in 2021, and are likely to grow by 3.2% YOY in 2022.

As effective packaging continues to influence the productivity quotient of end use industries, the demand for pallet wraps is estimated to see a promising outlook through 2029. While pallet wraps play a vital role in the spectrum of warehouse storage and transportation, the FMI study expects a window of opportunities facing the market participants active in the global market landscape.

The expansion of logistics sector has driven the adoption of palletization as an ideal process to ensure in-transit product security and stability. With palletization becoming the new norm in industrial packaging, manufacturers continue to focus on showcasing a vast portfolio featuring pallet wraps of varying blends and formulations best-suited to end user requirements.

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According to the research study, sales of pallet wraps will continue to gain tailwinds from the evolving consumer demand for sturdy and durable packaging forms. The global packaging industry has witnessed a wave of new consumer demands come to the fore, this dynamicity of consumer choices has resulted in constant improvements in the existing packaging models and innovations in the new ones.

The report opines that end user sentiments will continue to incline towards pallet wraps of 15-30 mm thickness, followed by < 15 mm. Price stands firm as the key factor dictating consumer decisions, which is a key reason why end users would continue to prefer low thickness variants available in reasonable prices. With end use industries embracing the automation trend, sales of machine rolls will continue to outdo the sales of hand wrap rolls during the forecast period.

Polyethylene will continue to be a force to reckon with in the material space, with global sales estimated to reach approximately US$ 2.6 Bn in 2022. The primary advantages upholding polyethylene’s position as the ‘material of choice’ are its usability quotient, versatility, easy processability, cost-efficiency, and recyclability. As per the report estimates, polyamide will continue to closely trail polyethylene through 2029, on account of its beneficial properties such as strength and stiffness, puncture resistance, and fracture strain.

According to the research study, food and beverages will continue to be at the forefront of demand for pallet wraps in 2022 and beyond. Effective packaging remains a critical variable in ensuring safe transportation of food and beverage products during bulk transport, and pallet wrap grades continue to befit these requirements.

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Key Segments of Pallet Wraps Industry Survey

Pallet Wraps Market by Thickness:

<15 mm Pallet Wraps
15-30 mm Pallet Wraps
31-45 mm Pallet Wraps
>45 mm Pallet Wraps

Pallet Wraps Market by Product:

Hand Wrap Rolls
Machine Rolls

Pallet Wraps Market by Film:

Blown Film Pallet Wraps
Cast Film Pallet Wraps

Pallet Wraps Market by Material:

Polyethylene Pallet Wraps
- LLDPE
- LDPE
- HDPE
Polyethylene Pallet Wraps
Polypropylene Pallet Wraps
Polyethylene Terephthalate Pallet Wraps
Polyamide Pallet Wraps
PVdC Pallet Wraps

Pallet Wraps Market by End Use:

Pallet Wraps for Food & Beverages
Pallet Wraps for Pharmaceuticals
Pallet Wraps for Chemicals & Fertilizers
Pallet Wraps for Personal Care & Cosmetics
Pallet Wraps for Consumer Goods
Pallet Wraps for Automotive
Pallet Wraps for Electrical & Electronics

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Manufacturers Accelerate their Sustainability Drive by Committing to ‘Eco-Friendly’ Products

Leading players in the pallet wraps market are focusing on establishment of new production facilities and distribution units across lucrative economies of South Asia, with an objective to increase their sales revenues and tapping into new customer bases. According to the report, manufacturers are rethinking their production processes to align with the sustainability trend, reduce production costs, and enhance the brand value. Use of bio-based plastics continues to be in the spotlight as a prominent manufacturing trend, which will help the market players to revitalize their products’ marketability via ‘eco-friendly’ claims.

Mergers and acquisitions have a place of their own in the manufacturers’ growth strategies, states the FMI analysis. Through strategic mergers and acquisitions, manufacturers get an opportunity to leverage the combined know-how in product development and manufacturing processes, along with wider accessibility to a large number of resources.

This study analyzes growth trail of pallet wraps market during 2022-2029, and forecasts a volume CAGR of 3.5% for the market revenues.

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Disposable Cutlery Market Global Industry Overview and Competitive Landscape till 2031

For the projection period of 2022 to 2031, the disposable cutlery market Size will increase at a rate of 4%. An important element driving the medical polymers market is the rise in demand for disposable cutlery among ready-to-eat food manufacturers.

Disposable cutlery refers to single-use or disposable silverware that is commonly used in fast-food catering services, restaurants, airlines, and take-out restaurants, among other places, for eating a variety of foods in a more elegant manner.

The rise in demand for disposable cutlery from fast-food restaurants, catering services, airlines, and take-away restaurants, among other factors, is propelling the market growth. Numerous advantages offered by these materials, such as biodegradable in nature, lower in cost, and aids in maintaining food hygiene, as well as an increase in the demand for these cutleries from fast-food restaurants, catering services, airlines, and take-away restaurants, are among the major factors propelling the market growth. Furthermore, in the projected period of 2022-2031, an increase in research and development efforts, as well as an increase in demand from emerging nations, will generate new opportunities for the disposable cutlery market.

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This disposable cutlery market report covers new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geogrpahy, and product approvals.

Product type, material, sales channel, and end-use industries are all used to segment the disposable cutlery market. The growth of the various segments aids you in gaining information of the many growth variables that are projected to be prevalent throughout the industry, as well as formulating distinct tactics to help discover primary application areas and differences in your target markets.

The disposable cutlery industry is divided into spoon, fork, and knife segments based on product type.
The disposable cutlery market is divided into two types of materials: wood and plastics.
The disposable cutlery industry is divided into hypermarkets, supermarkets, convenience stores, specialty stores, discount stores, and e-retail based on sales channel.
The disposable cutlery industry is divided into three categories based on end-use industries: food service outlets,
institutional food services, and internet meal ordering.

Analysis of the Disposable Cutlery Market at the Country Level

As said above, the disposable cutlery market is examined, and market size and volume data are supplied by product type, material, sales channel, and end-use industries.

The United States is expected to produce strong demand for disposable cutlery over the projection period, according to the FMI’s estimate. Online food purchasing, which will otherwise play a large part in disposable cutlery demand, is one of the key elements fueling growth. In comparison to other countries, Americans are increasingly more prone to shop for packaged food products through internet sites.

In Germany, foodservice sales reached an all-time high in 2019. Low unemployment, expanding population, and a constant change in customers’ lives that tends to make food service as a facility more striking have all aided the industry. The food service business is highly fragmented due to the involvement of large minor and foreign players, as well as a large number of full-service and fast-service restaurants operating in the country.

Furthermore, as small food service firms supply clients with additional value-added services, there has been an expanding tendency and growing rivalry from them. According to USDA, FAS, Germany’s food service revenue climbed by 3.1 percent to US$ 99.01 billion in 2018, with improved sales in all three major market groups, including restaurants, hotels, and institutional.

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Competitive Environment

The global disposable cutlery market is fragmented in terms of product type, with major manufacturers focusing on providing bespoke solutions. Leading firms in the worldwide disposable cutlery market are focusing on increasing manufacturing efficiency, expanding their global footprint, and providing long-term disposable cutlery solutions.

Some disposable cutlery firms are pursuing strategic acquisitions of new market entrants, namely those dealing with sustainable disposable cutlery goods. Investing heavily in delivering wrapped cutlery solutions in response to customer demand is predicted to benefit disposable cutlery consumption in a variety of ways.

Key Segments Covered in Disposable Cutlery Industry Research

Product Type

Spoon
- Plastic
  - Polypropylene (PP)
  - Polystyrene (PS)
  - Poly lactic Acid (PLA)
- Wood
Fork
- Plastic
  - Polypropylene (PP)
  - Polystyrene (PS)
  - Poly lactic Acid (PLA)
- Wood
Knife
- Plastic
  - Polypropylene (PP)
  - Polystyrene (PS)
  - Poly lactic Acid (PLA)
- Wood

Fabrication Process

Thermoforming
Die Cutting
Injection Molding

Cutlery Type

Wrapped Cutlery
Dispensed Cutlery

End-use

Food Service Outlets
- Hotels
- Restaurants & Cafes
- Quick Service Restaurants (QSR)
Institutional Food Services
- Cinemas
- Airline & Railway Catering
- Schools & Offices
- Hospitals
Household Use

Sales Channel

Manufacturers (Direct Sales)
Distributors
E-retail
Retailers
- Hypermarkets
- Supermarkets
- Convenience Stores
- Specialty Stores
- Discount Stores & Warehouse/Wholesale Clubs

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Frequently Asked Questions
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