Recent Study Reveals Growth Prospects of Oxytocic Pharmaceuticals Market During 2022 –2031

The demand outlook for global Oxytocic Pharmaceuticals Market remains positive with FMI projecting it to surpass a valuation of US$ 207.80 Mn through 2031.

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The market will exhibit stellar growth as the prevalence of post-partum hemorrhage continues to increase across the globe. As per the study, oxytocic pharmaceuticals sales will continue rising at 7.74% CAGR between 2021 and 2031.

Increasing childbirth using labor induction is expected to be the key factor driving the growth of oxytocic pharmaceuticals market. As per FMI, growing awareness regarding C-section and its related benefits across the globe has spurred the demand for synthetic oxytocin.

Additionally, fast-track approvals by regulatory bodies such as the U.S. Food and Drug Administration (FDA) and others are propelling growth in the oxytocic pharmaceuticals market.

The incidence of post-partum hemorrhage is increasing in developed countries due to growing rate of obesity and consumption of tobacco. This might result in heavy bleeding during labor, which is a major factor spurring the adoption of synthetic oxytocin.

According to Future Market Insights, a majority of medical professionals are adopting intravenous administration of oxytocic pharmaceuticals, which will account for over 2/5th of global sales over the next 10 years.

“Increasing demand for induced labor and growing cases of post-partum hemorrhage will spur the adoption of synthetic oxytocin. This is expected to create growth opportunities for market players. The Tier 1 companies are expected to account for 35% to 40% of the overall sales in the market,” says the Future Market Insights analyst.

Key Takeaways from Oxytocic Pharmaceuticals Market Survey

  • In terms of indication, post-partum hemorrhage segment will register fastest growth, with a market attractiveness index of 3.9 through 2031
  • Sales in synthetic oxytocic pharmaceuticals segment will total US$ 207.80 Mn by 2031-end
  • China oxytocic pharmaceuticals market will expand at a CAGR of 9.8% during the forecast period
  • Japan oxytocic pharmaceuticals market will surpass a valuation of US$ 1.7 Mn on the back of growing birth rate across the country
  • Hospitals will be the primary end user in the oxytocic pharmaceuticals market, exhibiting growth at over 12% CAGR
  • India will account for over 60% of Asia Pacific excluding Japan’s oxytocic pharmaceutical sales by 2031-end
  • Over 22,000 thousand units of oxytocic pharmaceuticals will be sold for treating labor arrest during the forecast period

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Key Drivers

  • Increasing prevalence of post-partum hemorrhage among older women will boost the market growth during the forecast period
  • Growing awareness regarding induced labor and breastfeeding among consumers will spur the growth of oxytocic pharmaceuticals market

Key Restraints

  • High cost of oxytocin drug is likely to hamper the growth of oxytocic pharmaceuticals market
  • Availability of alternative drugs such as magnesium sulphate and misoprostol will restrict the demand

Competitive Landscape

Presence of numerous local players in the market has led to market fragmentation. Key companies such as Pfizer, Novartis, and Teva Pharmaceuticals Industries are focusing on product launches and research & development activities.

Strategic mergers and collaborations are also on the card for leading players to expand their regional footprints.

In August 2021, ObsEva SA, a global biopharmaceutical company developing and commercializing novel therapies to improve women’s health, announced the publication and clinical trial on oxytocin receptor antagonist in development for improving live births in women undergoing embryo transfer following in-vitro fertilization (IVF).

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Some of the leading players operating in the oxytocic pharmaceuticals market profiled by Future Market Insights are:

  • Fresenius Kaci AG
  • Biofutura SPA
  • Baxter Healthcare Corporation
  • Pfizer Inc.
  • Ferring BV
  • Novartis AG
  • Teva Pharmaceuticals Industries Ltd.
  • Others

More Valuable Insights on Market

Future Market Insights provides an unbiased analysis of the oxytocic pharmaceuticals market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global oxytocic pharmaceuticals market with a detailed segmentation on the basis of:

By Indication:

  • Abortion Induced Incomplete
  • Inevitable Abortion
  • Post-partum Hemorrhage
  • Labor Induction
  • Labor Arrest

By Route of Administration:

  • Intravenous Infusion/Injection
  • Intramuscular Injection

By Source of Origin:

  • Natural Oxytocin
  • Synthetic Oxytocin Derivative

By End-Users:

  • Hospitals
  • Maternity Clinics

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan and China (APEJC)
  • Japan
  • China
  • Middle East & Africa (MEA)

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Key Questions Covered in the Oxytocic Pharmaceuticals Market Report 

  • The report offers detailed insights into oxytocic pharmaceuticals demand outlook for 2021-2031
  • The market study also highlights projected sales growth for oxytocic pharmaceuticals market between 2021 and 2031
  • Oxytocic pharmaceuticals market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Oxytocic pharmaceuticals market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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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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Western Blotting Market Insights on Latest Developments and Innovations Across the Industry

According to Future Market Insights (FMI), the global Western Blotting Market is expected to expand at close to 6.0% CAGR during the forecast period of 2021 to 2031.

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Western blotting, being the gold standard and confirmatory test for HIV diagnosis, is gaining traction around the world. As the increase in applications in diverse fields such as agriculture, diagnostics, life science research, to name a few, tends to persist, manufacturers operating in this industry are getting more inclined to bring in wider variety of products. The updated edition of Future Market Insights’ study tracks growth in over 20+ markets, covering the regulatory framework as well as strategies of leading players.

Rise in prevalence of AIDS coupled with the increase in research & development (R&D) activities in proteomics field continues to drive adoption of western blotting industry. According to the report titled “Global HIV & AIDS Statistics- 2020 Fact Sheet” published by the UNAIDS Organization, 38 million people globally were living with HIV in 2019, while 75.7 million people have become infected with HIV since the start of the epidemic (end 2019). These data represent the unlimited opportunities awaiting for suppliers and manufacturers in western blotting industry.

Key Takeaways from Study

  • Electrophoresis blotting systems remain the preferred product type
  • Surge in demand from pharmaceutical and biotechnology sectors to fuel sales of western blotting products
  • Growing application in scientific research to favor stakeholders in western blotting industry
  • US will remain the most lucrative market for western blotting globally
  • Germany to maintain the lead in the world’s second largest western blotting market Europe
  • Asia-Pacific to witness the fastest growth rate, while being led by China, India, and Japan
  • The United Kingdom, France, Canada, Italy, and a few other countries remain lucrative for western blotting product manufactures

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Rise in Awareness Regarding Early Diagnosis of HIV Aiding Growth

Western blotting is highly efficient in separating the blood proteins and detecting the specific proteins called HIV antibodies in diagnosis of HIV or AIDS. According to a report published by the HIV Government on 25th November, 2020, about 81% of people with HIV worldwide have been tested and know their HIV status. As per the report, an estimated 1.7 million individuals worldwide acquired HIV in 2019, marking a 23% decline in new HIV infections since 2010. While these figures represent the growing awareness, it also indicates the increase in requirement for western blotting products since the past decade.

As stated in the global statistics report published by the HIV Government, AIDS-related deaths have been reduced by 60% since the peak in 2014, while in 2019, around 690,000 people died from AIDS-related illness worldwide, compared to 1.1 million in 2010. As per the report, the global commitment to stop new HIV infections and ensuring that everyone has access to HIV diagnosis & treatment is bound to yield positive results. This also implies the surge in demand for western blotting products in the coming years.

The global western blotting market offers remains fiercely competitive. In order to consolidate their position, key market players are launching wide variety of western blotting solutions.

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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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Global Gamma Knife Market Size is set to Grow at a Remarkable Pace in the Coming Years

Future Market Insights (FMI) provides vital insights on the key regions in the global Gamma Knife market in its latest report, “Gamma Knife Market: Global Industry Analysis and Opportunity Assessment 2021-2031”. According to the report, Asia Pacific Excluding Japan (APEJ) will emerge as the most lucrative region for the global Gamma Knife market by the end of 2031

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FMI, in its research report, has covered the Gamma Knife market in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America Gamma Knife market, valued at US$ 46.3 Mn in 2020 will expand at a CAGR of 7.5% through 2031, reaching a valuation of over US$ 100 Mn by 2031.

Rise in geriatric population and preference for less time-consuming treatment are the key factors fuelling the Gamma Knife market in North America. Increase in the prevalence of cancer, coupled with shift towards painless and non-invasive surgeries are other key drivers of the market.

Rise in per capita healthcare expenditure is also fuelling the Gamma Knife market in North America. For example, 17.7% of America’s GDP was spent on healthcare in 2011. Increase in funding for R&D on non-invasive treatment is also providing an impetus to the Gamma Knife market in North America.

According to Cancer.org, in the US, nearly 1,658,370 new cancer cases are expected to be diagnosed in 2021. Owing to these new diagnoses, the demand for non-invasive treatment options is expected to witness a surge.

In terms of compound annual growth rate (CAGR) and market value, FMI expects Asia Pacific Excluding Japan (APEJ) to emerge as the most lucrative market by the end of forecast period.

Currently valued at US$ 43.9 Mn, the Asia Pacific Excluding Japan (APEJ) Gamma Knife market is projected to expand at over 10% CAGR through 2025, reaching a valuation of US$ 131.5 Mn. APEJ is expected to account for nearly 30% of the market value share of the global Gamma Knife market by 2031.

The same factors that are driving the North America Gamma Knife market are fuelling the market in APEJ as well. However, the funding for research and development is expected to be comparatively lower than that in North America.

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The leading companies operating in the Gamma Knife market are Elekta, Varian Medical Systems, and Huiheng Medical.

Gamma Knife tools account for nearly 40% of total revenues of Elekta. The company has a strong presence in North America and Europe. The company has strategic partnerships with prominent institutes, such as Swedish Cancer Institute and Ottawa Hospital.

FMI’s research on the Gamma Knife market revealed that approximately 950 employees at Elekta are involved in research and development activities. The company aims to exploit market opportunities and focus on radiotherapy market. The company’s capacity to drive the business further from the existing installed base becomes critical as it is subject to stringent market expectations.

North America is the most lucrative market for Varian Medical System, with the region accounting for nearly 46% of the total revenues. The company has a strong presence globally in terms of brand recognition and technology.

A key opportunity for Varian Medical System is to expand in invasive surgery equipment by leveraging established brands. However, lack in safety measures for patients and staff from high radiations.

The company is focusing on R&D activities for high-quality and software which require trained professional for usage and safety. These activities involve increasing interconnectivity of products for a seamless operation.

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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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Proteinase K Market Looks Positive, Insights on Trends and Growth Forecast by 2032

Proteinase K is a million dollar market accounting for a small portion in reagents and enzymes. Proteinase K is mainly used in contract research organisations, biotechnology companies, academic institutes, and diagnostics laboratories. In terms of revenue, the global Proteinase K market is expected to reach US$ 33.4 Mn by the end of 2026, witnessing a CAGR of 6.1%.

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A plethora of factors are expected to impact the growth of the global Proteinase K market. A significant rise in research and development activities, lesser production costs, broader application of Proteinase K and good product stability and specificity of Proteinase K will give a massive push to the revenue growth of the global Proteinase K market by the end of the forecast period. A steady rise of chronic diseases and better government backed investment channels to fund advanced research and development are expected to boost the expansion of the global Proteinase K market over the period of assessment. An increasing number of research activities, soaring expenditure on personal healthcare and increasing adoption of gene therapy has been significantly high in the U.S. market in the recent years, making North America the most lucrative regional market for Proteinase K.

Global Proteinase K Market: Segmental Forecast

  • By form, the lyophilized powder form segment is anticipated to account for higher revenue share in the global Proteinase K as compared to the liquid form segment. Lyophilized powder from segment is expected to reach a market value of US$ 19.2 Mn by 2026, reflecting a CAGR of 6.3% over the forecast period. The growth in lyophilized powder form can be attributed to the increasing advantages of powder form over liquid form in case of storage and preservation of samples.
  • By application, purification of DNA & RNA segment will account for the highest revenue share in the global Proteinase K market as compared to other applications of Proteinase K. Purification of DNA & RNA segment is expected to reach a value of US$ 19.2 Mn by 2026, reflecting a CAGR of 6.5% over the forecast period.
  • By end user, the biotechnology companies segment is expected to project higher demand for Proteinase K as compared to other end user segments such as academic institutes and diagnostics laboratories. The strong growth in biotechnology companies can be attributed to an increasing use of Proteinase K in research and development and new drug discovery. The cost effectiveness of Proteinase K over other reagents is the key factor responsible for its increasing use in biotechnology companies. The biotechnology companies segment is expected to register the highest CAGR of 6.7% over the forecast period.

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Global Proteinase K Market: Regional Market Projections

Demand for research in academics and funding facilities provided by the U.S government to support gene therapy and other activities for drug development is anticipated to boost the North America Proteinase K market. Followed by North America, Western Europe and APEJ are the most lucrative regions in the global Proteinase K market and are anticipated to grow by 5.7% and 6.1% respectively over the forecast period. Increasing demand for drug development, rising hereditary diseases due to changing lifestyles and growing disposable income are some of the factors expected to contribute to the growth of the global Proteinase K market.

Global Proteinase K Market: Vendor Insights

Top companies profiled in the global Proteinase K market report include Thermo Fisher Scientific Inc., Merck KGaA, Qiagen N.V., Worthington Biochemical Corporation, Sisco Research Laboratories Pvt. Ltd, Promega Corporation, Bioline and F. Hoffmann-La Roche AG among others. Leading market players are adopting different strategies such as product launches and acquisitions to maintain their market share. For instance, in November 2015, Merck KGaA acquired Sigma-Aldrich to strengthen and expand its consumable and reagent portfolio.

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Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the Proteinase K Market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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About Future Market Insights (FMI) 

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

Contact:

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Special Purpose Needles Market is expected to expand at an astonishing rate in the coming years

Special Purpose Needles are used in target specific drug deliveries or collection of samples such as fluid and cells from organs or lumps and are available in the market with various advanced features, shapes, and sizes. The global market for special purpose needles is showing a steady growth owing to an increasing geriatric population. In terms of revenue, the global special purpose needles market is projected to expand at a CAGR of 7.4% during the forecast period (2016–2026) and is expected to be valued at US$ 17,261.5 million by the end of 2026.

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The global special purpose needles market can be segmented on the basis of product type (Fine Aspirating Needles, Biopsy Needles, Hypodermic Needles, Pen Needles, Suture Needles, IV Catheter Needles, Implantation Needles, Dental Needles, Ophthalmic Needles, Blood Collection Needles, Spinal Anaesthesia Needles, Epidural Needles, AV Fistula Needles, Cannula Needles); application (Sample Collection, Drug Delivery); and distribution channel (Hospital Pharmacies,Private Clinics, Retail Pharmacies and Drug Stores, E-Commerce). The Hypodermic Needles product type segment and the Drug Delivery application segment are projected to dominate the global special purpose needles market in terms of value. The Hospital Pharmacies distribution channel segment is expected to hold maximum share of the global special purpose needles market.

Key market dynamics

Increasing prevalence of diabetes and infectious diseases and increasing incidence of cancer and spine disorders across the globe are the primary factors driving the growth of the global special purpose needles market. Growing government regulations on the use of safety needles, increasing focus on advanced healthcare systems, joint efforts by supply chain executives to increase efficiency, and rising government support in developed economies is creating high potential growth opportunities for players operating in the global special purpose needles market. However, high costs associated with special purpose needles, an increasing awareness of needle-free injection technology, and product recalls due to low quality are some of the factors likely to impede growth of the special purpose needles market over the forecast period.

The global special purpose needles market is likely to witness some key trends in the next 10 years. There is an increasing collaboration between the government and private medical companies to raise awareness among patients regarding the unsafe use of reusable needles. Companies are also directing their efforts towards the production of user-friendly safety needles to prevent needle injuries that are the main cause of a rising prevalence of HIV and other blood borne diseases.

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Regional market projections

The global special purpose needles market is segmented into seven main regions – North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East & Africa (MEA). In terms of value, North America is expected to be the dominant regional market by the end of 2016 and is expected to reach a market valuation of US$ 5,506.7 Mn by the end of 2026, registering a CAGR of 8.2% over the forecast period. APEJ is expected to be the fastest growing market in terms of revenue growth in the global special purpose needles market, registering a CAGR of 7.7% over the forecast period. The APEJ market is anticipated to reach US$ 2,383.1 Mn by the end of 2026. The markets in North America, Western Europe, and APEJ are estimated to collectively hold 74.7% market share of the global special purpose needles market in 2016.

Leading Market Players

Medtronic, B. Braun Melsungen AG, Becton, Dickinson and Company, Terumo Corporation, Smiths Medical, Boston Scientific Corporation, Novo Nordisk A/S, Argon Medical Devices, Inc., Stryker Corporation, NIPRO Medical Corporation, Cook Medical, and SERAG-WIESSNER GmbH & Co. are some of the major players operating in the global special purpose needles market.

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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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Traditional Wound Management Market is expected to reach US$ 6.9 Bn by the end of 2032

The global Traditional Wound Management Market is anticipated to create lucrative opportunities over the assessment period ranging from 2022 to 2032, by enjoying a valuation of US$ 5.1 Bn by the end of the year 2022 and exceedingly around US$ 6.9 Bn by the year 2032.

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As per the recent study by Future Market Insights, the gauze segment by product is leading the market with a share of about 39.7% in the year 2021, within the global market. The global wound care market is predicted to be valued at US$ 18.4 Bn out of which traditional wound management consists of a share of 26.6%, in 2021.

During the traditional period from 2014 to 2021, the market for traditional wound management expanded at a CAGR of 2.9%. Traditional wound management is expected to experience a shift in dynamics owing to the changes in demographics of the geriatric population and the growing incidence of wounds, owing to the rising problem of infection acquired during surgical procedures globally.

Furthermore, the surgical list falls under the care of chronic wounds. The surge of trauma and chronic diseases such as diabetes and ulcers are the leading cause of the rising demand for the traditional wound management market.

Key Takeaways

  • The market is expected to showcase an optimistic outlook, owing to the cost-effectiveness and clear reimbursement policies. The drastic inclination towards wound healing and care dynamics along with the adoption of traditional wound management products presents a significant revenue opportunity for the traditional wound management sector.
  • The surging number of chronic wound patients has encouraged the development and implementation of therapies that help in the promotion of faster and more efficient wound healing. Early healing is predicted to assist the lower and average length of hospital stays. A chronic wound is a chronic health problem because it frequently spreads to the surrounding tissues, resulting in infection and amputation.
  • Several infections were caused owing to the rise of serious health issues and therefore resulted in the addition of overall system costs. Therefore, traditional methods of wound care and cleansing are re-evaluated and as a result, traditional wound care products are incorporated into the patient and wound care system for the reduction of infection-related costs.
  • Irrespective of the availability of advanced wound care and healing products, major healthcare professionals and facilities choose traditional wound management products due to their cost-effectiveness and long-term training and research experience.
  • The surge in various surgical procedures, the aging population, and the surge in the adoption of technically advanced products, are some of the factors driving the market. The hurdles faced are due to a lack of skilled professionals, general awareness about wound care, and rising medical waste.

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Competitive Landscape

With numerous competitors in the traditional wound management market landscape, the overall industry is fragmented. In order to meet consumer demand and expand their customer base, these companies are implementing methods such as expanding their production capabilities by constructing new factories and manufacturing facilities also indulging in partnerships and collaborations and availing new product launches with technological advancements.

Key Companies Profiled

  • Smith & Nephew plc.
  • B. Braun Melsungen AG
  • Johnson & Johnson Pvt. Ltd.
  • Medtronic Plc.
  • Cardinal Health,
  • Derma Sciences Inc.
  • Paul Hartman AG
  • Molnlycke Health Care
  • Medline Industries, Inc.
  • DUKAL Corporation
  • BSN Medical

More Insights into the Traditional Wound Management Market

The U.S. is expected to dominate the global traditional wound management market as it accounted for around 26.4% in 2021 and is expected to continue to experience the same growth throughout the forecast period.

China is the second largest manufacturer of traditional wound management. According to the estimations, China is expected to account for 6.0% of globally. The market is expected to surge at a robust pace over the forecast period due to rising healthcare facilities in the region along with the presence of prominent manufacturers.

Key Market Segments Covered in Traditional Wound Management Industry Research

By Product:

  • Bandages
    • Adhesive Bandages
    • Non-adhesive Bandages
    • Compression Bandages
  • Gauzes
    • Woven Gauzes
    • Non-woven Gauzes
  • Gauze Sponge
    • Woven Gauze Sponges
    • Non-woven Gauze Sponges
  • Sponges
    • Woven Sponges
    • Non-woven Sponges

By Application:

  • Skin and Diabetic Ulcers
  • Burns
  • Surgeries
  • Trauma
  • Others (skin cuts, primary dressings, etc.)

By End User:

  • Hospitals
  • Clinics
  • Diagnostic Centers
  • Homecare Settings
  • Ambulatory Surgical Centers

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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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Pails Market New Technological Development Projecting Massive Growth till 2032

Future Market Insights (FMI) has predicted the pails market to register 4.3% CAGR between 2022 and 2032. Overall sales of pails is slated to total US$ 2.91 Bn by the end of the assessment period. The consistently rising demand for plastic pails is expected to create conducive environment for the global pails market growth.

Plastic pails are a common primary packaging material used across diverse industries since they are inexpensive, lightweight, and long-lasting and can be used in various sectors such as paints and coatings, industrial chemicals, petroleum, lubricants, cleaning solvents, adhesives, food and drinks, agriculture, and related industries.

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The pails market value is expected to surpass US$ 1.91 Bn in 2022. One of the primary growth factors fuelling the demand for plastic pails market is their ability to meet various needs such as storage, transportation, and dispensing in many industries. For instance, in the chemical industry, pails are used as a container with an airtight lid that helps prevent spills during liquid product transportation.

The market therefore stands to benefit greatly from the agriculture sector since plastic pails are extremely compatible for storage of agricultural fertilizer due to their non-corrosive nature. Another factor fuelling the demand for pails is their use in professional painting jobs, where they can be used to safely transport heavy loads around a site.

Pail manufacturers are leveraging their in-house research and development capabilities to develop products that meet specific customer needs, such as smooth plastic pail surfaces and print-ability. This will allow brand owners to market their products by improving product attractiveness with increased storage capacity and longer shelf life.

Undoubtedly, manufactures’ demand for recyclable materials in packaging will increase in the years to come. Businesses are taking responsibility for sustainable growth, causing manufacturers opting for product offerings that are environment friendly and fulfil the packaging requirements. This is likely to boost the demand for pails in the years to come.

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Key Takeaways from Pails market
Many sectors, such as chemical and pharmaceutical, seek lightweight, robust, and low-cost packaging materials for shipping solid and liquid bulk materials. This is expected to drive the pails market at 4.3% CAGR.
China is expected to dominate the overall pails market, with a market share of around 20% throughout the forecast period.
The India pails market is projected to register a CAGR of 6.1% during the forecast period.
Paints and coatings sector will remain dominant end user of pails.
Plastic pails sales are expected to contribute maximum revenue within the global pails market.

“As competition grows, market players are expected to focus on various strategies to gain competitive edge. Recent developments are indicating strategic collaborations and acquisitions as primary tactics undertaken by pail manufacturers to expand their regional footprint and portfolio,” says a lead analyst at FMI.

Paints & Coating is the Key Driver of the Pails market 

According to FMI, the primary factor encouraging sales within paint and coating industry is the surging demand for leakage-proof packaging of chemicals and paint materials. Also the focus on lightweight transportation is considerably high within the industry to lower transportation costs. This makes pails ideal packaging solution for the storage and transit of bulk materials, without adding much weight to transport.

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The market for paint buckets is expanding at a rapid pace owing to rising architectural and infrastructure development in various nations. Focus on commercial construction activities, including the construction of malls, restaurants, and offices has resulted in increasing spending on paint. This is expected to create conducive environment for the growth of the market over the course of the forecast period.

Pails Market Landscape
Greif Inc., Mauser Group N.V., Rieke Corporation, Berry Global Inc., M&M Industries Inc., Involvement Packaging Ltd. ,IPL Plastics, Inc., Plast Service Pack Company, Jokey Plastic Wipperfürth GmbH,  Corcoran Products, Pro-Western Plastics Ltd, Involvement Packaging Ltd., Affordable Plastics Llc, ,Viscount Plastics Ltd, Northern Container, United States Plastic Corp., are some of the leading market players. These companies are adopting mergers and acquisitions as their key strategy to gain competitive advantage within the market.

Future Market Insights, in its new report, offers an unbiased analysis of the global market for Pails Market by Material Type(plastic and metal) (Up to 5 litre ml,6-10 litres,11-20 litres and above 20 litres , by End user (Paints & Coatings, Inks, Dyes & Pigments Petroleum & Lubricants Agrochemicals& Fertilizers, Food & Beverage Other Industrial), by region (North America, Latin America, Europe, South Asia, East Asia, Middle East and Africa, Oceania).

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.

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Jars Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2022-2032

According to Future Market Insights (FMI), global jar sales will reach US$ 61 billion in 2032, up from US$ 42.2 billion in 2022. Jars are a cost-effective and long-lasting rigid packaging solution composed of plastic, glass, metal, or paper. Food & drinks, medicines, cosmetics & personal care, oil & lubricants, chemicals & fertilisers, and other industries all use them.

In 2031, the jars market revenue increased by 3.3 percent year over year. According to a new FMI forecast, jar sales would rise, offering an additional opportunity of US$ 18.8 billion between 2022 and 2032.

Jars come in a variety of capacities to meet the needs of various industries. Jars weighing less than 10 ounces, 10 to 50 ounces, and more than 50 ounces fall under this category. The rise in demand for jars will be fueled by the increased use of durable packaging solutions. Jars provide moisture resistance, which is one of the most important sales drivers in a variety of sectors. In addition, the emergence of environmentally friendly jars will continue to drive the jars industry forward.

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Jar sales will skyrocket as the cosmetics and personal care business expands. In addition, rising demand for ready-to-eat foods will fuel demand in the market. One of the main reasons for their growing popularity is the transparency provided by plastic or glass jars, which ensures better product visibility.

Important Points to Remember

  1. In terms of material type, the plastic jars category is expected to remain dominating, with an incremental opportunity of US$ 14.0 billion between 2022 and 2032.
  2. During the projected period, the 10 t0 50 OZ segment is expected to remain the most popular in terms of capacity.
  3. Cosmetics and personal care, as well as food and beverages, are expected to grow at a CAGR of 4.7 percent and 4%, respectively, from 2022 to 2032. Both segments are expected to generate an incremental opportunity of US$ 12.5 billion over the next few years.
  4. During the projected period, Europe and North America are expected to have high demand for jars. By the end of the next ten years, these regions are expected to control roughly 52 percent of the market.

“The use of cost-effective, long-lasting, environmentally friendly, and robust packaging solutions will boost jar sales across industries.” It is also simpler to adapt jar designs and print them to meet specific industrial requirements. According to an FMI researcher, “these factors are projected to drive sales in the jar industry in the next years.”

Demand for Jars is bolstered by the end-user industry’s preference for rigid and durable packaging solutions.

Food and beverage, medicines, cosmetics and personal care, oil and lubricants, and other industries are increasingly favouring stiff and durable packaging solutions.

Jar demand will be fueled by a growing desire for hard and long-lasting packaging solutions. Jars are used to store, transport, and handle the contents. They are long-lasting, light-weight, and cost-effective packaging options that help protect the product’s quality while also extending its shelf life. Jar sales are likely to increase in the next years as a result of these causes.

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Jars Market by Category

By Material Type:

  • Plastic Jars
    • Polypropylene (PP)
    • Polyethylene (PE)
    • Polyethylene Terephthalate (PET)
    • Polystyrene (PS)
    • Others (PVC, EVOH)
  • Glass Jars
  • Metal Jars
  • Paper Jars

By Capacity:

  • Less than 10 OZ
  • 10 to 50 OZ
  • More than 50 OZ

By End Use:

  • Food & Beverages
  • Pharmaceuticals
  • Cosmetic & Personal Care
  • Homecare
  • Oil & Lubricants
  • Chemical & Fertilizers

By Region:

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

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

FMCG Packaging Market Innovations, Technology Growth and Research 2022-2032

The global FMCG packaging market is expected to reach US$ 418.8 billion in 2022, with sales growing at a 5.7 percent compound annual growth rate (CAGR) until 2032. According to the analysis, rigid packaging is the most prevalent type of FMCG packaging, accounting for roughly 63.2 percent of the global FMCG market by 2032. The market is estimated to reach US$ 726.6 billion by 2032, with a healthy demand forecast.

Packaging protects items during transportation, extends their usable lives, and even communicates important information about the product’s composition and purpose. Packaging that is well-designed makes transportation and stocking easier while reducing waste throughout the supply chain.

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Due to the expansion of sectors such as electronic, pharmaceutical, food & beverage, and personal care in emerging nations, sales in the FMCG packaging market are likely to remain robust over the forecast period. The emergence of smart packaging solutions with barcodes and QR codes for providing product information to consumers is one of the primary drivers driving the industry. Inventory processes in the warehouse, such as life cycle management, stocking, and tracking, are also benefiting from smart tags and smart packaging.

Botch, for example, included smart technology into the carton printing process to track and trace product movement across the supply chain. Ultra-contact labels, which are temperature monitor labels that stress the ideal temperature, have also been added by PakSense.

“Eco-friendly paper-based packaging is likely to gain popularity over the forecast period, increasing market growth.” Growing environmental concerns and packaging requirements would give opportunities for players to improve product quality, boosting sales during the projected period, according to the FMI analyst.

Important Points to Remember:

  • Based on end-use, sales in the food and beverage sector are predicted to expand at a 6.1 percent CAGR until 2032.
    • In terms of material, plastic will continue to be in high demand.
    • According to material type, the rigid packaging market is predicted to grow at a CAGR of 5.5 percent throughout the assessment period.
    • The United States will continue to lead the North American FMCG packaging industry until 2032, with sales growing at a 5% CAGR.
    • Through 2032, the Indian FMCG packaging sector is predicted to grow at a healthy 7.3 percent compound annual growth rate (CAGR).

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Leading players in the global FMCG packaging market are investing in research and development to develop sustainable packaging solutions for a variety of sectors. In addition, companies are merging, acquiring, and forming alliances to expand their global market reach.

  • Acosta, a prominent consumer packaged products sales and marketing firm, was hired to exclusively represent Ball Corporation’s aluminium cups at retail and on-premises outlets across the United States in May 2020, including grocery, drug, and C-stores, as well as food service.

Global FMCG Packaging Market By Category

By Product Type :

  • Flexible Packaging
    • Pouches & Sachets
    • Stick Packs
    • Bags & Sacks
    • Foils & Films
  • Rigid Packaging
    • Boxes & Cartons
    • Trays
    • Tubes
    • Containers & Jars
    • Bottles
    • Cans
    • Blisters

By Material Type :

  • Plastic
  • Paper and Paperboard
  • Metal
  • Glass
  • Others (Wood, Foam, etc.)

By End Use :

  • Food & Beverage
  • Pharmaceuticals
  • Personal Care & Cosmetics
  • Homecare Products
  • Electronics
  • Others (Office Supplies, Textile, etc.)

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By Region :

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

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

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/global-fmcg-packaging-market
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Syringes Market size is likely to touch a valuation of US$ 49.2 Bn by 2032

According to Future Market Insights (FMI), the global syringes market is expected to surpass a valuation of US$ 49.2 Bn by the end of 2032. Availability of syringes in different capacities such as small volume syringe, medium volume syringe, and large volume syringe is propelling the demand in the market.

These syringes are used by various end users such as hospitals, research laboratories, drug manufacturing, and clinical research. It is the best suitable solution for injecting or withdrawing the fluid from the body. With growing demand for disposable syringes and reusable syringes, demand in the market is expected to propel.

Furthermore, disposable syringes are preferred by healthcare professional due to the increasing awareness about the diseases caused by the usage of the same or repeated syringe. Hence, the rising intake of disposable vaccines along with the development of new vaccines is driving the demand for syringes across the globe.

Future Market Insights forecasts that there are various opportunities for syringe manufacturers due to the rise in usage of the syringe in the healthcare sector.

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Key Takeaways
The plastic syringe segment is anticipated to expand at a CAGR of 10.1% during the forecast period due to the increasing use of disposable syringe.
By product type, the disposable syringe segment is anticipated to remain the leading segment, accounting for over 88% of the market share and creating an incremental opportunity of US$ ~25.3 Bn.
Based on end use, the hospital segment followed by the clinical research segment is projected to account for significant share.
Sales of syringes in hospitals and clinical research will surpass US$ 23.7 Bn during 2022-2032.
North America, Europe, and East Asia are showcasing highest demand for syringes. These segments are projected to hold approximately a 2/3rd of the market by the end of 2032.

“Need for disposable solutions in hospitals to withdraw and inject fluid or drug is propelling the demand for plastic disposable syringes. To capitalize on this, innovation in syringes is on card. This is expected to create opportunities for companies operating in the market,” says an FMI analyst.

Expansion of Healthcare & Medical Sector to Generate High Demand for Syringes
The healthcare & medical sector across the globe is expanding due to the spread of various viruses & diseases. Besides this, the people are getting more health-conscious which is resulting in more usage of healthcare facilities and services.

The expansion of healthcare and medical sector is expected to propel the demand for syringes. Also, the small scale healthcare facilities are emerging to cater for the growing number of patients which is creating incremental growth opportunities for the syringe market.

Besides this, the government in several countries is also focusing on expanding the healthcare facilities to improve the treatment of patients, thereby, augmenting the sales of syringes. Additionally, development of new drugs across the globe will bolster the demand in the syringe market.

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Rise in Blood Collection Center Creating Growth Opportunity for the Syringes Market
The blood collection centers use a syringe to withdraw blood samples from the patient’s body to examine the spread or impact of caused virus or disease. The spread of the COVID-19 virus resulted in high demand for a blood collection center to examine the spread of the virus on the lungs blood is been collected. This rise in the demand for blood collection centers creating growth opportunity for the syringe market.

The increase in blood collection centers is anticipated to create market growth opportunities for the syringe during the forecast period.

Impact of COVID-19 on Syringes Market
The global syringes market experienced a positive impact of COVID-19 due to the rise in production and consumption of vaccines to curb the spread of the virus which bolster the sales of the syringe across the globe. The COVID-19 vaccine getting compulsory for the population to supplement the sales of the syringe. Also, the massive vaccination drives push the demand for the syringe. The development of a new vaccine for the COVID-19 virus creates a growth opportunity for the syringes market.

Moreover, government decision of the first dose then the second dose, and the booster dose is fuelling the demand for the syringe. The key players operating in the syringe market are focusing on increasing their production capacity to meet the increasing demand for the syringe. The government also offered subsidies and support for the production of the syringe to avoid the shortage of the syringe. Thus, the COVID-19 bolster the sales of syringe across the globe.

Syringes Market Landscape
Becton, Dickinson and Company, Gerresheimer AG, Braun Medical Inc., Schott AG, and DWK Life Sciences are the top players operating in the syringe market. Furthermore, Cardinal Health Inc., Hindustan Syringes & Medical Devices Ltd., and CHEMI S.P.A. are also noticeable players in the market. The Tier 1 players in the market hold 10-15% in the global syringe market.

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Syringes Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global syringes market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the syringe based on the material (glass syringes and plastic syringes), product type (disposable syringes and reusable syringes), capacity (small volume syringes (1-10 ml), medium volume syringes (11-20 ml), and large volume syringes (Above 20 ml)), and end use (hospitals, research laboratories, drug manufacturing, and clinical research) across seven regions.

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports