Market Research Blog – Page 9637 – New Product Development

Bioresorbable Polymers Market Set to Witness an Uptick Size USD 5 Billion to 2032

The global Bioresorbable Polymers market is anticipated to garner US$ 5 Billion while expanding at a CAGR of 13% during the forecast period. The market is estimated at US$ 1.3 Billion in 2021 and US$ 1.47 Billion in 2022. Technological advancements, innovations in plastics, and evolved decontamination devices are boosting the product demand, thereby augmenting the industry’s growth.

Data Points	Key Statistics
Bioresorbable Polymers Market Value 2022	US$ 1.47 Billion
Bioresorbable Polymers Market Projected Value (2032)	US$ 5 Billion
Bioresorbable Polymers Market CAGR (2022-2032)	13%

Bioresorbable polymers can biodegrade inside the human body, which permits physicians to eradicate the necessity for the following surgery to eliminate temporary implants. It also minimizes the post-surgery risk to the patient without causing a threat to the patient’s body. Owing to these factors, the product is finding wide application in the healthcare industry for the manufacturing of stents and other implants.

In recent years, the demand for bioresorbable polymers has burgeoned at a significant rate, backed by the growing health concerns among consumers. Consumers do not want to take unnecessary medications and therapies which may cause adverse effects on the human body after surgery. In terms of product type, the demand for polylactic acid is rising at an impressive rate owing to the growing adoption by manufacturers as a raw material for the development of implants.

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Key Takeaways:

By Product type, the polylactic acid segment of the Bioresorbable Polymers segment expanded at a ~12% CAGR
Based on Application, the orthopedic segment of Bioresorbable Polymers is estimated to record an ~13% CAGR
North America region is likely to account for the majority share of nearly 32% during the forecast period
Europe region is estimated to gain significant traction in the market for Bioresorbable Polymers, Germany is likely to hold the majority share.

“With the growing adoption of the minimally invasive surgery, the prominent manufacturers are compelled to develop the biodegradable implants which in turn is likely to boost the demand for the bioresorbable polymers over the coming years”.

Competitive Landscape

Key players in the global Bioresorbable Polymers market include Corbion NV, Evonik Industries AG, Poly-Med Inc., Foster Corp., Abbott, KLS Martin Group, 3D Biotek LLC., Sunstar Suisse S.A., DSM, Futerro, among others.

Recent key developments among players are:

In June 2021, NatureWorks LLC invested USD 600 million for a PLA facility in Thailand. The company is focusing on increasing its annual PLA production capacity to 75,000 tons for Ingeo PLA grade.
In Jan 2021, Evonik closed its previously announced acquisition of the LACTEL® Absorbable Polymers product line from DURECT Corporation. The acquisition of the LACTEL® business strengthened the company’s innovation growth field in Healthcare Solutions and Evonik’s position as a globally leading integrated CDMO for drug delivery solutions.
In Feb 2022, 3D Biotek Introduced a new 3D Insert^TMPCL scaffolds for large-scale 3D cell expansion. As Compared with traditional 2D culture, 3D Insert^TM PCL technology more closely resembles an in vivo In September 2020, DSM announced a partnership with PBC Biomed, an Ireland-based medical device design and development company. This partnership will focus initially on the development of regenerative bone adhesives for safe and cost-effective surgical procedures.

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Key Segments Covered in the Bioresorbable Polymers Industry Analysis

Bioresorbable Polymers Market by Product:

Polysaccharides Bioresorbable Polymers
Proteins Bioresorbable Polymers
Polylactic Acid Bioresorbable Polymers
Polyglycolic Acid Bioresorbable Polymers
Polycaprolactone Bioresorbable Polymers
Others

Bioresorbable Polymers Market by Application:

Bioresorbable Polymers in Drug Delivery
Bioresorbable Polymers in Orthopedics
Others

Bioresorbable Polymers Market by Region:

North America Bioresorbable Polymers Market
Latin America Bioresorbable Polymers Market
Europe Bioresorbable Polymers Market
East Asia Bioresorbable Polymers Market
South Asia Bioresorbable Polymers Market
Oceania Bioresorbable Polymers Market
Middle East & Africa Bioresorbable Polymers Market

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the bioresorbable polymers market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Product (Polysaccharides, Proteins, Polylactic Acid, Polyglycolic Acid, Polycaprolactone, Others) by Application (Drug Delivery, Orthopedics, Other) & Region (North America, Europe, East Asia, South Asia, Oceania, Middle East & Africa, and Latin America).

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

2.3. Inclusions/Exclusions

3. Key Market Trends

to be continued…!

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Vaginal Applicators Market size is expected to reach US$ 8.56 Billion in 2032

This Vaginal Applicators market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.

Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Vaginal Applicators market.

In 2032, the market for vaginal applicators is anticipated to be worth US$8.56 billion. The market for vaginal applicators is expanding quickly. According to FMI Analysts, the global market for vaginal applicators is anticipated to reach US$ 5.01 billion in 2022 and grow at a CAGR of 5.5% from 2022 to 2032.

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Global Vaginal Applicators Market: Market

Vaginal applicators are used to apply cream in the vaginal area. The vaginal applicator can be filled with a designated amount of cream and provides an easy and comfortable product application. The dosage marking on the vaginal applicators range from 1 gram to 5 grams.

Disposable vaginal applicators are also available and are used to apply hormone creams, yeast creams and vaginal moisturizers. Usage instructions are provided in the product package stating weather the vaginal applicator is disposable or can be reused. Vaginal applicators are expertly designed for cervical cancer and endometrial cancer.

Vaginal applicators help in the treatment of gynecological cancer. The vaginal applicator set provides four channels for miniaturized x-ray source to deliver high dosage rate with low energy radiation treatment. Vaginal applicators provide attractive option to patients and physicians with enhanced precision, flexibility and personalization.

Vaginal applicators are an ideal choice for the uniform distribution of vaginal cream and gel formulations. It is observed that vaginal applicators with one apical hole do not distribute vaginal formulations homogeneously and do not cover the entire vaginal and cervical area.

Manufacturers are producing vaginal applicators with multiple apical holes that distributes the vaginal formulations homogeneously. Women are up to eight times more susceptible than men to acquire sexually transmitted infections and therefore the market for vaginal applicators is expected to rise during the forecast period.

Global Vaginal Applicators Market: Dynamics

Originally vaginal applicators were designed to deliver contraceptives. Vaginal applicators are disposable and has a prefilled reservoir sealed with removable membrane and a distributor with multiple perforations to uniformly distribute the gel formulation.

Vaginal applicators are designed with a special focus on their safe use, the design enhance the compliance and increases the patient adherence to the therapy. Factors driving the vaginal applicators market include ease of use, safe use, efficacy and functional attract.

Vaginal applicators can also be used to deliver tablets. Furthermore, increase in the awareness of vaginal care and initiatives taken by the government and manufacturers are projected to drive the vaginal applicators market.

Social media has also played a vital role in bringing awareness about female hygiene that drives the demand for vaginal applicators. Increase in the disposable incomes of the middles class population in the developing countries of Asia Pacific has led to increase in the purchase power in the region.

Moreover, the increase in disposable income of consumers has led to increase in the premium products. Vaginal applicators used for low energy radiation treatment is expected to rise due to the increasing number of vaginal infections. The rising vaginal infections and diseases is the major factor driving the demand for vaginal applicators during the forecast period.

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Global Vaginal Applicators Market: Geographical Outlook

Developed countries such as the US and Germany have observed a significant progress in the medical industry owing to the growing population and increasing vaginal infections among females aging between 25-40. The rise in the disposable income of the middle class population indirectly drives the growth for vaginal applicators. Initiatives taken by the government to spread the awareness about vaginal care drives the market for vaginal applicators in developing countries.

Developing pharmaceutical industry in countries like India and China is expected to propel the vaginal applicators market during the forecast period. Spain, Italy, France, Germany and the U.K. are the leading players in the Europe vaginal applicators market. Moreover, the GCC countries and North Africa are anticipated to witness a medium to high growth in the vaginal applicators market during the forecast period due to increasing awareness of the female hygiene.

Global Vaginal Applicators Market: Key Manufacturers

Beyon devices
Union Plastic S.A

SRC
HTI Plastics
Ningbo Suncity
Tekpak

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, macroeconomic indicators and governing factors along with vaginal applicators market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Regional analysis includes

North America
Latin America
Western Europe
Eastern Europe

Asia Pacific excluding Japan (APEJ)
Japan
Middle East & Africa (MEA)

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Global Vaginal Applicators Market: Segmentation

The global vaginal applicators market is segmented on the basis of product type into:

Reusable

Disposable

The global vaginal applicators market is segmented on the basis of capacity into:

1 gm
2 gm
3 gm

4 gm
Above 4 gm

The global vaginal applicators market is segmented on the basis of application into:

Gels
Creams

Liquids
Tablets

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Steel Containers Market size is expected to reach US$ 155.12 Billion in 2032

In 2032, the market for steel containers is projected to be worth US$155.12 billion. The demand for steel containers is expanding quickly. According to FMI Analysts, the global market for steel containers is anticipated to reach US$ 115.43 billion in 2022 and is expected to grow at a CAGR of 3.0% from 2022 to 2032.

Steel containers are manufactures from different grades of stainless steel and specially designed for storage, shipping, and handling of various food, beverage, and other products. Steel containers have a rugged design, high strength, anti-corrosive nature and airtight finish which makes them ideal for safeguarding packed product from moisture and other contamination. Addition of thick wall finish for lasting usage makes them highly suitable for storing of products like pulses, nuts, cookies, tea, coffee, and others. Steel containers are offered in product types such as jars, cans, canister, bottles, drum, kegs, and IBC’s. Steel containers are available in various size & shape, and they are highly recyclable. Overall, the global steel containers market is expected to remain positive during the forecast period.

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Steel Containers Market: Dynamics

Steel containers are expected to gain significant traction over the forecast period. The increasing demand for steel containers in the food industry for the handling, storage, and shipping of various food products is likely to drive the growth of steel containers during the forecast period. The growing acceptance of kegs for packaging of beers and spirits, cans and bottle for carbonated beverages and oil are likely to escalate the growth of steel containers during the forecast period. The steel containers are broadly used in chemical industries as reactor due to excellent isolation from external particles, maintains the properties of the chemical product, and inert nature. This factor is likely to push the growth of the global steel containers market during the forecast period. Also, the increasing use of steel containers for household purposes is foreseen to propel the growth of steel containers during the forecast period. Thus, the global steel containers market is projected to expand with notable CAGR during the forecast period.

Steel Containers Market: Regional Outlook

Presence of emerging economies, increasing disposable income and robust growth rate of food, beverage, and chemical industries in the Asia Pacific excluding Japan (APEJ) is expected to make them lucrative region for the growth of steel containers market during the forecast period. ASEAN countries and India are likely to register a noteworthy growth rate while China is expected to be at forefront regarding the market share of steel containers market during the forecast period. North America is a significant shareholder of global steel containers market and likely to register a notable growth rate during the forecast period. The continuous expansion of end-use industries is expected to generate substantial demand for steel containers during the forecast period. The U.S. is expected to be highly attractive in terms of market share while Canada is likely to register the peak growth rate of steel containers market during the forecast period. The high growth rate of chemical, food and beverage industries in the Western Europe region. Also, the rising demand for effective & efficient containers for storage and shipping of such products are the key factors driving the growth of Western Europe steel containers market during the forecast period.

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Steel Containers Market: Key Players

Examples of some of the key players operating in the global steel containers market are:

Supermonte Group Italy, Inc.
SCHÄFER Container Systems
Unique Steel
Eagle Stainless
Ability Fabricators Inc.
Eco Imprints, Inc.
Müller GmbH
Thielmann – The Container Company
La Nuova Sansone S.r.l.
WADA STAINLESS INDUSTRY CO.,LTD.

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Key Segments Profiled in the Steel Containers Market

By Product Type:

Jars
Cans
Canister
Bottles
Drums
kegs
IBC’s

By Capacity Type:

Less than 2 liter
2 – 10 liter
10 – 20 liter
20- 50 liter
50 – 100 liter
More than 100 liter

By End User:

Food
Dairy products
Honey
Grains
Sugar
Tea & Coffee
Others
Beverage
Alcoholic Beverages
Beers
Spirits
Non-Alcoholic Beverages
Household
Chemicals
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
(APEJ)
Middle East and Africa

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

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Household & Cleaning Container Market – Future Plans and Industry Growth with Quantitative And Qualitative Analysis

Household & cleaning containers are primary packaging solutions used to package household and cleaning products such as grocery, toiletries, etc. The household & cleaning container market is encompassed under the broader market for primary packaging. As a primary packaging solution, household & cleaning containers preserve the content from damage, leakage, and contamination while preventing the contents over a more extended period. Apart from this, household & cleaning containers also allow ease in handling and convenient shelving for retailers as well as consumers. Packaging plays a vital role in decision making towards the purchase of any product. The attractive design of the packaging attracts the customers to purchase. The global household & cleaning containers market has been characterized by material type used for manufacturing and by product type. Container type includes bottles, jars, cans, jerry cans, etc.

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Household & Cleaning Container Market: Dynamics

Economic prosperity is the growth engine for the consumption of household & cleaning containers, particularly when combined with increasing aspirations for products and services that were not previously affordable or available. With rising disposable incomes, consumers likely to invest for premium cleaning and laundry products, purchases of electrical & electronic appliances, such as dishwashers or washing machines, considered by some consumers to be affordable, is expected to escalate the demand for household & cleaning containers as a packaging solution. Household & cleaning containers are used in the packaging of a variety of products such as chemicals, food products, beverages, etc. Bottles have been traditionally enjoying larger pie of household & cleaning containers market; manufacturers dominantly prefer rigid plastics such as high-density polyethylene (HDPE) and polyethylene terephthalate (PET) for the manufacturing of household & cleaning container as they provide similar functionalities to the glass.

Plastic containers provide better resistance against impact and stress as compared to glass containers. However, glass material provides resistance to chemical properties of the content along with bulk packaging and storing capabilities. Due to heavyweight and fragile characteristics pose of risk of breakage and leakage of content. These factors are anticipated to further boost the growth of the global market for household & cleaning containers market during the forecast period.

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Household & Cleaning Container Market: Segmentation

The global market for Household & Cleaning Container has been characterized based on container type, closure type, and application. On the basis of container type, the global household & cleaning container market has been segmented as: Bottles, Jars, Jerry Cans, Bins, Cans & Other Containers. On the basis of material type, the global household & cleaning container market has been segmented as: Plastic( High density polyethylene (HDPE), Polyethylene Terephthalate (PET) & Polyvinyl Chloride (PVC)), Metal(Aluminum & Stainless Steel) & Glass. In terms of the material type, household & cleaning containers are mostly made of plastic material due to the various benefits such as light weight, ease in handling, and convenient.

Household & Cleaning Container Market: Regional Outlook

Geographically, the global Household & Cleaning Container market has been divided into seven key regions which include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East and Africa (MEA) and Japan. Among these, the Asia Pacific household & cleaning container market is expected to have a profoundly positive outlook, which can be attributed to the rising disposable incomes and awareness regarding hygiene. Emerging countries in the Asia Pacific such as India and China are expected to create immense opportunities for household & cleaning container manufacturers in the region, owing to the large population. Also, consumers in developed countries are concerned about hygiene. This is expected to fuel the demand for household & cleaning container in the global household & cleaning containers market during the forecast period.

Household & Cleaning Container Market: Key Players

Following are some of the key players that are operating in the global household & cleaning container market: Alpha Packaging Inc., Amcor Ltd., Berry Global Inc., Graham Packaging Company, Printpack Incorporated, Plastipak Holdings Incorporated, Constar International Incorporated etc. Many more local and unorganized players are expected to contribute to the global household & cleaning container market during the forecast period.

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Key Segments Profiled in the Household & Cleaning Container Market

By Container Type:

Bottles
Jars
Jerry Cans
Bins
Cans
Other Containers

By Material Type:

Plastic
High density polyethylene (HDPE)
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Metal
Aluminum
Stainless Steel
Glass

By Region:

North America
Latin America
Western Europe
Eastern Europe
(APEJ)
Middle East and Africa

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Sales of Wicketed Bagging Machines Market rise at a robust pace in the forthcoming years

This Wicketed Bagging Machines market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Wicketed Bagging Machines market.

During the assessment period of 2022–2032, it is predicted that demand would increase at a CAGR of roughly 4%–5% in the market for wicketed bagging machines. Sales of wicketed bagging machines are anticipated to increase at a rapid rate in the upcoming years as a result of expanding technological improvements and an increase in the use of innovative bio-plastics.

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Wicketed Bagging Machines Market: An Overview

Wicketed bagging machines are designed to automatically open, fill and seal pre-made wicketed bags. Wicketed bagging machines are durable, welded stainless steel runs on several bags size and comes in different operating speed. Availability of vacuum packaging as well as gas flush options, fast-disconnect hopper for time-efficient change-overs, and a suitably located trim unit for quick removal and easy disposal make wicketed bagging machines ideal for packaging of food and other products. Wicketed bagging machines are modular & compact and also equipped with casters making it versatile packaging solutions for industries such as food, pharmaceuticals, cosmetics & personal care, and others. Wicketed bagging machines have low maintenance as they enable quick and hassle-free cleaning. Overall, the global outlook for Wicketed Bagging Machines market is likely to remain optimistic during the forecast period.

Wicketed Bagging Machines Market: Dynamics

The food industry is one of the largest manufacturing sectors in terms of value added, and worldwide sales of processed & packaged food is increasing substantially. High population growth in the emerging economies in the South & East Asia, Latin America, and MEA, coupled with growing consumption of packaged food are among the factors driving packaged food demand globally. The extraordinary demand for packaged food is expected to drive the growth of global wicketed bagging machines market during the forecast period. The robust growth rate of pharmaceuticals industry and increasing use of wicketed bagging machines for clean and efficient packaging of nutraceuticals, powder, etc. are expected to push the growth of global wicketed bagging machines market. Wicketed bagging machines have high speed and high cost; thus, small scale manufacturers find it unsuitable solution due to huge initial investment and high idle time that leads to productivity loss. Hence, bagging machines are only profitable for packaging lines that high production volume. This factor is expected to hinder the growth of global wicketed bagging machines market in coming years. Overall, the global wicketed bagging machines market is likely to expand with notable CAGR during the forecast period.

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Wicketed Bagging Machines Market: Regional Outlook

The high growth of end-user industries such as food, pharmaceuticals, and others, presence of high growth emerging economies, rising urban population coupled with increasing demand for packed food in East & South Asia region is expected to create significant demand for wicketed bagging machines during the forecast period. China in East Asia while India in South Asia is likely to remain at the forefront in terms of market share & growth rate of wicketed bagging machines market during the forecast period. North America and Europe are a significant shareholder of global wicketed bagging machines market and expected to expand with a moderate growth rate during the forecast period. Latin America is expected to be a lucrative region for the growth of wicketed bagging machines market due to the high growth rate of end-use industries and lesser number of regional players.

Wicketed Bagging Machines Market: Key Players

Some of the key players operating in the global wicketed bagging machines market are listed below:

Euro Machinery ApS
WeighPack Systems Inc.
Paxiom Group
Robert Bosch GmbH
M.A. Industria Macchine Automatiche SpA

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 an in-depth analysis of parent market trends, macroeconomic 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.

Regional Analysis Includes-

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

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Wicketed Bagging Machines Market: Segmentation

On the basis of automation type, the Wicketed Bagging Machines market is segmented into:

Automatic
Semi-automatic

On the basis of machine type, the Wicketed Bagging Machines market is segmented into:

Vertical Wicketed Bagging Machines
Horizontal Wicketed Bagging Machines

On the basis of machine speed, the Wicketed Bagging Machines market is segmented into:

Upto 500 bags/hr.
501 – 1000 bags/hr.
1001-1500 bags/hr.
1501-2000 bags/hr.
More than 2000 bags/hr.

On the basis of end use, the Wicketed Bagging Machines market is segmented into:

Food
Bakery & Confectionery
Animal Feed/Pet Food
Grains
Wheat
Rice
Corn
Pulse
Other Grains
Seeds
Spices & Condiments
Coffee Beans
Dairy Products
Meat, Poultry & Seafood
Pharmaceutical
Personal Care & Cosmetics
Others (Chemical, Homecare, etc.)

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Sales of Strapping Equipment Market are projected to increase at a CAGR of 4.6%, reaching US$ 2.7 Bn by 2032

The global strapping equipment market is expected to reach a valuation of US$ 1.7 Bn in 2022. With sales growing at a 4.6% CAGR, the market size will reach US$ 2.7 Bn by 2032.

Strapping equipment is increasingly being adopted in sectors such as food & beverages, shipping & logistics, building and construction, and automobile to pack heavy and bulky boxes. Usually, materials such as polyester, steel or plastic are used in strapping equipment to pack the product. Polyester is used as the strongest and most rigid material for packaging.

The E-commerce sector is estimated to boost the market for the strapping equipment as it is used most frequently in it. Most industries are focussing on increasing productivity by reducing packaging time and ensuring 360-degree protection of bulk loads.

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Strapping equipment help to increase strength of heavy and bulk packages during loading and unloading thus consumes less processing time. On the back of this, end user’s inclination towards automatic strapping equipment has increased in recent years.

“Growing adoption of automatic strapping equipment across the food & beverage sector, along with increasing sales of consumer electronics across the globe,” says an FMI analyst.

Key Takeaways:

Consumption of strapping equipment in shipping and logistics industry is expected to hold 1/3^rd of the total market share over the forecast period.
The demand for automated strap machines is significantly increasing. Every 5 out of 10 strapping equipment sold are automatic strapping equipment.
Sales of vertical strapping equipment are expected to create an incremental opportunity of US$ 658 Mn during 2022-2032.
North America and South Asia are estimated to be lucrative markets for strapping equipment.

Competition Landscape

Signode Industrial Group LLC, Cyklop International, Dongguan Xutian Packing Machine Co. Ltd., Dynaric Inc., Fromm Holding AG, Hefei Seelong Import and Export Group Co. Ltd, Messersi Packaging Srl, Mosca GmbH, North Shore Strapping Inc., Packmaster Machinery Pvt Ltd, Polychem Corporation, Samuel, Son & Co., StraPack, Corp., Tiger Pack, Inc., TITAN Umreifungstechnik GmbH and Co. KG, Transpak Equipment Corp, VENUS HARTUNG PTY LTD, GTI Industries Inc, FELINS, ASN Packaging Pvt Ltd.

Global Strapping Equipment Market Report

Future market insights, in its new report, offers an unbiased analysis of the global market for strapping equipment market by product type (horizontal strapping equipment and vertical strapping equipment), by automation (manual, semi-automatic and automatic), by end-use industry (automobile, food & beverages, building & construction, electrical & electronics, household appliances, shipping & logistics and others), across seven regions.

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Strapping Equipment Market by Category

By Product Type:

Horizontal Strapping Machine
Vertical Strapping Machine

By Automation:

Manual
Semi-automatic
Automatic

By End Use Industry:

Shipping & logistics
Food & Beverages
Building & Construction
Electrical & Electronics
Household Appliances
Automobile

By Region:

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

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.2. Impact of COVID-19

Global Strapping Equipment Market Analysis 2015–2021 and Forecast 2022–2032

4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2015-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast, 2022-2032

TOC Continued..!

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PET Syrup Bottle Market are anticipated to project growth at an impressive CAGR of 9% to 10% CAGR by 2032

Plastic syrup bottles are used for storing liquid medicine, liquid food items, and beverages. The PET syrup bottles are made up of plastic resins called as Polyethylene Terephthalate (PET). The Pet bottles are preferred over other rigid packaging solutions because of its inherent properties like lightweight, transparent, and gives excellent finished packaging to the products.

These parameters have positive impact on the growth of PET syrup bottle market. The three-layered PET bottles help for gamma rays irradiation which might be beneficial for chemical and pharmaceuticals sectors. The market of PET syrup bottle is growing rapidly because PET bottles have good resistance against chemical reactions.

This property helps to maintain the shelf life of syrup. The market of PET syrup bottle is dynamic. The PET syrup bottles are translucent, leaves no residue and eco-friendly compared to other plastic resin bottles such as PP or HDPE or PVC.

There is a tremendous rivalry among manufacturers of PET syrup bottles due to less initial capital requirement for the production of PET bottles. With the use of high-end technology, manufacturers are adding more worth into PET syrup bottle.

The PET syrup bottles are tamper proof and lead to less wastage as these are leakage-proof bottles. The numerous benefits of PET bottles; it is expected that the global market of PET syrup bottle will increase rapidly during the forecast period.

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PET Syrup Bottle Market: Dynamics

As plastic packages are easy to handle and lightweight, its preference over other packaging solutions is increasing consistently. The PET bottles are high pressure resistant, reusable and recyclable. The PET syrup bottles are virtually unbreakable.

This results in less damage failures during filling of syrup and leads to less processing time. The shelf life medicine and hygiene maintenance become critical factors for pharmaceutical and medical sector. These issues are rescued with the use of PET syrup bottles as it gives good barrier against moisture, gas and light rays.

All these factors are helping to drive the PET syrup bottle market at a global level. Besides this, PET syrup bottles production is very cost effective; hence the market of PET syrup bottle is increasing in multiples. The PET syrup market has increasing opportunities on the backdrop of an increase in the pharmaceutical market. It is expected that the market of PET syrup bottle will grow approximately 6% due to the increasing growth rate of the pharmaceutical sector.

Due to increasing awareness about environment safety, few plastic resins are hazardous and may affect health adversely. This might slow down the growth of Pet syrup Bottles though it is eco-friendly and easily degradable. The alternate packaging solutions like metal and glass might reduce the increase of PET syrup bottles, but as glass bottles tend to break easily and metal bottles are not user-friendly, preference of Pet syrup bottle might increase.

Syrup Bottle Market: Regional Outlook

The market for PET syrup bottles is increasing drastically at the global level during the forecast period. It is witnessed that the Asia Pacific regions consist of the largest PET syrup market and it is further growing continuously with the increasing growth rate.

On the other side, presently, the demand of Pet bottles and containers in the U.S. is increase with steady rates. However, through research, it is observed that the demand for PET syrup bottles will increase in The U.S. in the forecasted period.

The regulations and approval for PET resins from the Food and Drugs Administration (FDA) in various regions results in exponential growth in PET syrup bottle market. The European Food Safety Authority also approves the use of PET bottles for syrup packaging which further boosts this market.

With new regulations of France’s Energy Transition for Green Growth Act implemented from 2020 and technological advancement to reduce climatic hazards, PET syrup bottles market has huge opportunities to increase in France.

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PET Syrup Bottle Market: Key Players

Amcor Limited
Gerresheimer AG
All American Containers
Alpha Packaging
PET Power (RPC Group)
PontEurope
Berry Plastics,
Graham Packaging Company,

PET Syrup Bottle Market: Recent Development & Trends

In 2018, acquisition of Bemis Company Inc. by Amcor Limited increasing dominance of Amcor industries in plastic packaging market.
Acquisition of PET Power by RPC group is increasing potential of PET Power Company in plastic packaging industries.

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

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Regional analysis includes

North America
Latin America
Europe
South Asia
East Asia
Oceania
Japan

PET Syrup Bottle Market: Segmentation

By Shape :-

Long Neck
Round
Square

By Capacity :-

Less than equal to 50ml
50ml to 100ml
100ml to 250ml
250ml to 500ml
500ml above

By End Use :-

Food & Beverages
Pharmaceuticals
Healthcare
Chemicals

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Oily Waste Can Market | North America is expected to demonstrate profitable growth By 2032

Oily Waste Can Market Overview

The global oily waste can market is anticipated to be valued at US$ 6 Billion in 2022, forecast to grow at a CAGR of 3.5% to be valued at US$ 8.46 Billion from 2022 to 2032. From 2021 to 2022, the market experienced a y-o-y incline of 3.4%.

Oily waste can are containers used to manage and store potentially combustible oily materials. These waste can are typically circular in shape, with a raised base and a self-closing lid. Proper segregation and disposal of oily waste is an important component of the agreement for workplace protection in the heavy-duty workplace is a critical factor for all enterprises.

They are in great demand among a variety of end-users, including repair shops, warehousing facilities, building sites, marinas, machine shops, printing operations, furniture refinishers, and manufacturing plants.

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Which are Some Prominent Drivers Spearheading Oily Waste Can Market Growth?

The rising adoption of oily waste can in various end-users as these are critical for ensuring workplace security by offering a proper manner to organize risky rubbish stock at limited work areas is expected to fuel market value growth. Furthermore, factors such as the exceptional qualities of oily waste can such as the robust frame, the minimized hole of the lid, and pleasant convenience drive demand for the market during forecast period.

The government’s different laws and regulations addressing heavy-duty workplace protection, as well as a rise in knowledge about oily waste can across diverse industries are expected to raise market value. Building long-term relationships with raw material suppliers and attempting to reinvent their commodity standards, which provide profitable chances for market growth throughout the projection period.

What are the Challenges Faced by the Oily Waste Can Industry?

The increasing number of specialists in the oily waste can exchange would be a hurdle to the market’s growth pace during the forecasted period. The rising variation in raw material costs is also expected to have a negative impact on the industry, limiting its expansion.

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Why is North America emerging as an Opportunistic Oily Waste Can Market?

North America is expected to demonstrate profitable growth due to massive shareholdings in the oil and fuel sectors across the area, which will support market growth.

For example, rising manufacturing production in the area, as well as a strong emphasis on health and safety procedures in the workplace, are likely to boost the oily waste can market in the coming years.

In North America, the United States is expected to continue its market share lead, while Canada is expected to maintain its growth rate throughout the projection period.

How is Europe Contributing to Growth of the Oily Waste Can Market?

According to Future Market Insights, Europe dominates the oily waste can market and will maintain its dominance throughout the forecast period as a result of the safety measures implemented by end users in the area during the forecast period. During the projected period, the European area is predicted to be extremely appealing for market share of oily waste can.

The growing emphasis on workplace safety and the development of end-users across the European area are projected to drive substantial demand for oily waste can in the coming years. In Europe, Germany and the United Kingdom are expected to continue at the forefront in terms of oily waste can market share and to increase at a significant CAGR throughout the projection period.

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Market Competition

Some of the key participants present in the global Oily Waste Can market include Eagle Manufacturing Company, Justrite Mfg. Co., L.L.C, Shanghai SYSBEL Industry & Technology Co., Ltd., and TENAQUIP Limited, among others.

Key Segments Profiled in the Oily Waste Can Industry Survey

Material Type:

Steel Oily Waste Cans
Plastic Oily Waste Cans

Can Lid Type:

Foot Operated Self Closing Oily Waste Cans
Hand Operated Self Closing Oily Waste Cans

Capacity:

Oily Waste Cans Upto 10 Gallons
Oily Waste Cans from 11 to 15 Gallons
Oily Waste Cans from 16 to 20 Gallons
Oily Waste Cans Above 20 Gallons

End-Users:

Oily Waste Cans for Auto Repair Shops
Oily Waste Cans for Warehouse
Oily Waste Cans for Construction Sites
Oily Waste Cans for Marinas
Oily Waste Cans for Machine Shops
Oily Waste Cans for Printing Operations
Oily Waste Cans for Furniture Refinishers
Oily Waste Cans for Manufacturing Plants

Region:

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

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U.S. Luxury Packaging Market is projected to create an incremental opportunity of US$ 743 Mn during 2022-2032

Packaging is an important aspect of luxury goods since it aids in brand identification and establishes brand value. Luxury brand manufacturers are investing strategically in packaging to improve their brand image. Based on the price of the goods, luxury packaging can be divided into two categories: high street and pure luxury packaging.

When it comes to packaging design, pure luxury packaging places a greater emphasis on the target demographic. In this situation, each brand has its own package style. High-street packaging prioritises cost and follows a specific trend, such as the use of lightweight and long-lasting designs. Luxury goods companies are committed to long-term growth and are investing in biodegradable and environmentally friendly packaging.

At the end of 2021, global sales of luxury packaging were estimated by Future Market Insights research to be worth roughly US$11.8 billion. By 2032, the market is expected to have grown from US$ 12.1 billion in 2022 to US$ 18.3 billion. With the top 3 nations predicted to control 35–40% of the global luxury packaging industry in 2022, the need for luxury packaging will increase.

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Shredhouse, a premium packaging material supplier based in the United Kingdom, has introduced shredded paper created from recycled coffee cup paper. Coffee cup paper is made from single-use coffee cups that have been recycled. Arjowiggins Graphic, a French manufacturer of recycled papers, has developed recycled papers appropriate for luxury packaging that contain 60 percent to 100 percent recycled paper.

Market Drivers and Restraints for Luxury Packaging
The luxury products market, which is the primary driver of the global luxury packaging industry, is predicted to rise at a high CAGR over the forecast period. The worldwide luxury packaging market is expected to rise due to an increase in the number of product launches in the fashion and cosmetics industries.

The need for innovation and innovations in luxury packaging is being driven by luxury goods manufacturers’ efforts in sustainable development, which is expected to enhance the global luxury packaging industry. The expansion of the global luxury packaging industry was further aided by the increased penetration of online shopping and travel retail.

Outlook for the Luxury Packaging Market by Region
North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East and Africa are the five regions that make up the worldwide luxury packaging market (MEA). Due to an increase in personal luxury goods sales in the region, North America owns a significant part of the worldwide luxury packaging industry. Due to a rise in visitors spending on luxury products in the region, Europe ranks second in the worldwide luxury packaging industry. In Europe, the number of flagship stores and online sales is increasing, and the market for luxury packaging is expected to grow significantly. Due to increased consumer expenditure in China, Japan, and ASEAN, APAC is predicted to have a high CAGR during the forecast period.

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The global Luxury Packaging market is dominated by the following prominent vendors*:

MW Creative Ltd.
Progress Packaging
Design Packaging, Inc.
HH Deluxe Packaging
WINTER&COMPANY AG
Ekol Ofset
DS Smith
Lucas Luxury Packaging
Pendragon Presentation Packaging Ltd.
Elegant Packaging

Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Luxury Packaging market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market.

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Luxury Packaging Market: Region-wise Analysis

Based on the geographical regions, the Luxury Packaging market is broadly divided into seven segments – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

Global Luxury Packaging Market Segmentation:

On the basis of product type, the global luxury packaging market can be segmented as follows:-

Rigid Box
Cartons
Bags
Slipcases
Folders

On the basis of packaging product, the global luxury packaging market can be segmented as follows:-

Perfumes
Cosmetics
Fashion and Eyewear
Wine and Alcohol
Pastries and Sweets

On the basis of end users, the global luxury packaging market can be segmented as follows:-

Food and Beverage Industry
Retail and Consumer Products Industry

Global Luxury Packaging Market research report offers:

Market definition of the global Luxury Packaging market along with the analysis of different influencing factors like drivers, restraints, and opportunities.

Extensive research on the competitive landscape of global Luxury Packaging

Identification and analysis of micro and macro factors that are and will effect on the growth of the market.

A comprehensive list of key market players operating in the global Luxury Packaging market.

Analysis of the different market segments such as type, size, applications, and end-users.

It offers a descriptive analysis of demand-supply chaining in the global Luxury Packaging market.

Statistical analysis of some significant economics facts

Figures, charts, graphs, pictures to describe the market clearly.

The cost analysis of the Global Luxury Packaging Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.

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Blood Temperature Indicator Market to Display Impressive Growth of 12% to 13% with Rising Demand

Blood Temperature Indicator Market: An Overview

The blood temperature indicator is designed to help hospitals, blood banks, clinics, blood collection centers, and others to preserve the valuable blood supplies. Blood temperature indicator can directly be attached to blood bags during storage, handling & transportation for the measurement of temperature. It ensures consistent recording & analysis of blood temperature and delivers the accuracy, simplicity, and speed of process for blood transport cooler validation.

Blood temperature indicators feature a multi-function LCD and alarm which accurately track the core temperature of blood and provide the real-time temperature. In case, the temperature goes beyond the pre-set limits; an alarm is triggered to alert, thus it ensures safety and quality of blood. The blood temperature indicator is safe to use and meet the World Health Organization (WHO), FDA, CE and EN standards. Overall, the global outlook for blood temperature indicator market is likely to remain optimistic during the forecast period.

In 2021, the market for blood temperature indicators would be worth US$210 Mn. By 2022, it is anticipated that sales of blood temperature indicators will reach US$ 235 Mn, growing at a remarkable CAGR of close to 12% to 13% from 2022 to 2032. The demand for blood temperature indicators is anticipated to surpass US$ 600 Mn by the end of 2032, driven by the increasing emphasis on the development of more precise and accurate medical temperature evaluating devices.

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Blood Temperature Indicator Market: Key Players

Examples of some of the key players operating in the global blood temperature indicator market are: Temptime Corporation, Elitech, Timestrip UK Ltd., Hanwell Solutions Ltd., Lisaline Lifescience Technologies Pvt. Ltd.

Blood Temperature Indicator Market: Dynamics

Transporting blood from donor to patient for transfusion is often an inefficient and costly process. Various end users witness the damaged of blood bags during the supply chain due to inadequate supervision of cold chain. Blood bags are expensive, and any spoilage can cause scarcities and put human lives at danger. Any avoidable losses affect the financial results for the blood banks and hospitals handling those products. Preserving the correct temperature of blood bag during transit is crucial to the quality of blood. Thus, blood temperature indicator is an excellent way to ensure temperature breaches are monitored, assisting in keeping the blood safe.

The blood temperature indicator is cost-effective and easy to use method to ensure blood has not been exposed to unacceptable temperature breaches during the supply chain. This factor is expected to create a significant demand for blood temperature indicator during the forecast period. Continuous expansion of hospitals, clinics, blood banks, and others are rising acceptance of blood temperature indicators are likely to drive the growth of the global blood temperature indicator market during the forecast period. Overall, the global Blood Temperature Indicator is likely to expand with notable CAGR during the forecast period.

Blood Temperature Indicator Market: Segmentation

On the basis of material, the blood temperature indicator market is segmented into:

Polypropylene (PP)

Polyethylene (PE)

Others

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On the basis of threshold temperature range, the blood temperature indicator market is segmented into:

Up to 2°C

2°C to 4°C

5°C to 7°C

Above 7°C

On the basis of end use, the Blood Temperature Indicator market is segmented into:

Hospitals

Clinics

Blood Banks

Blood Collection Centers

Diagnostics Lab

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Blood Temperature Indicator Market: Regional Outlook

Rising health awareness and increasing stringent rules & regulation regarding best healthcare practices in North America and Europe region are expected to drive the growth of the blood temperature indicator market during the forecast period. The U.S. in the North America region is expected to highly attractive in terms of market share while Canada is expected to attain a peak growth rate of blood temperature indicator market during the forecast period. In Europe, Germany and U.K are expected to dominate the blood temperature indicator market in terms of market share in the coming years. South and East Asia regions are a significant shareholder of global blood temperature indicator market and likely to a register notable growth rate during the forecast period. Rising urban population and continuous expansion of hospitals, clinics, blood banks, and others are expected to create significant demand for the blood temperature indicator market during the forecast period. India in South Asia and China in East Asia are expected to offer lucrative opportunities for the growth of blood temperature indicator packaging market during the forecast period. Latin America and Middle East & Africa are anticipated to witness the notable CAGR of blood temperature indicator market during the forecast period.

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