Organ Preservation Market Global Industry Overview and Competitive Landscape till 2032

According to a new analysis from FMI, the Organ Preservation Market is likely to reach US$ 455 Million in revenue by 2032, from US$ 230 Million in 2021, registering a strong robust of 6.4% CAGR during the forecast period. The rising incidence of chronic illnesses has a direct impact on the adoption of organ preservation, according to the findings of this study.

The practice of conserving healthy organs removed from donors’ bodies is known as organ preservation. Organs are removed from the donor’s body, stored for transit, and then transplanted into the recipient’s body without causing major damage.

Donor organ quality is strongly influenced by organ preservation for transplantation, which has a direct impact on a patient’s morbidity and survival rates following transplantation. One of the important reasons driving the organ preservation solutions market growth is the rising incidence of chronic illnesses, as well as the growing elderly population throughout the world.

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Static cold storage organ preservation treatments are becoming more common as a result of the rising number of organ failures caused by diabetes, cardiovascular illnesses (CVDs), obesity, and other serious medical problems. Innovative and sophisticated strategies for organ preservation, such as NMP, are working as a growth-inducing agent.

Such strategies help to reduce the risk of reperfusion damage following transplantation and enhance static cold storage organ preservation results in clinical and experimental research. Furthermore, a growing number of government and non-government regulations and activities to encourage organ donation are favorably boosting the organ preservation solutions market growth.

The market is also being pushed forward by the growing number of people who volunteer to donate their organs for transplantation and research. Other factors such as increased research and development (R&D) as well as substantial developments in the global organ preservation market are expected to considerably contribute to market expansion.

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Key Takeaways:

● When the liver is no longer functioning, a preservation injury liver transplantation, also known as a hepatic transplant, can potentially preserve a person’s life. A doctor may also recommend a liver transplant to a patient who has reached the final stage of liver disease.

● American Journal of Transplantation article, individuals who have a liver transplant had an 89% likelihood of survival after one year. The increasing need for organ transplantation is driving the global organ preservation market throughout the area.

● Around 114,000 people in the United States are now on the waiting list for a life-saving organ transplant, according to the American Transplant Foundation. Each day, on average, 20 individuals die due to a scarcity of accessible organs for transplantation.

Competitive Landscape

The global organ preservation market is dominated by companies such as Paragonix Technologies (US), XVIVO Perfusion AB (Sweden), Dr Franz Köhler Chemie GmbH (Germany), Essential Pharmaceuticals, LLC (US), TransMedics (US), OrganOx Limited (UK), 21st Century Medicine (US), Bridge to Life Limited (US), Waters Medical Systems (US), Preservation Solutions (US), Carnamedica (Poland), Transplant Biomedicals (Spain), Institut (Netherlands).

● Paragonix Technologies will commercialize the LIVERguard Donor Liver Preservation System in the United States and Europe in 2021. This strategy increased the product options and geographic reach of Paragonix.

● In 2021, XVIVO Perfusion teamed with Contatti Medical (Brazil) to develop its company and have access to the largest network of transplantation clinics in Latin America, Brazil.

● Institut Georges Lopez (Igl) (France) increased its presence in India in 2021 by establishing a manufacturing plant in Cheyyar, Tamil Nadu, for the manufacture of medical equipment and treatments for organ preservation for transplantation.

● Transmedics gained premarket approval from the FDA in 2021 for the OCS Heart System, which is intended for use with organs donated after brain death (DBD).

● Dr Franz Köhler Chemie GmbH (Germany) engaged in a joint venture with Melchers Group and CICEL (Germany) in 2020 to create Köhler Pharmaceuticals (Beijing) Ltd. in China to distribute Custodiol HTK solutions for heart and transplant operations in the Chinese market.

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ASEAN Organic Cosmetics Market Size is Anticipated to be US$ 13.07 Billion Through 2032

The ASEAN organic cosmetics market  for organic cosmetics stood at an overall valuation of US$40 billion in the year 2015. Over the course of the given forecast period of 2016 to 2024, the market is supposed to reach a total valuation on US$66 billion. This growth of the ASEAN market for organic cosmetics is expected to be driven by a strong CAGR of 10.0% over the same period of forecast.

The number of reasons driving the overall growth of the ASEAN organic cosmetics market  and the detailed information on it is provided by the latest report by Future Market Insights titled, “Organic Cosmetics Market: ASEAN Industry Analysis and Opportunity Assessment, 2014-2024”

Increasing awareness about the possible side effects of synthetic cosmetics in projected to be a primary driving factor for the development of the global organic cosmetics market. Positive approach towards the organic cosmetics, easy availability of a broad range of organic cosmetics, and increasing spending power of the people of middle class in ASEAN are some of the other vital reasons driving the overall growth of the market for organic cosmetics. Keeping an account of these factors, the market for organic cosmetics in ASEAN is projected to grow with the help of a steady CAGR of 9% till the years 2020 and is estimated to generate revenue of about US$4.4 billion.

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However, there are some factors that are negatively impacting the overall growth of the ASEAN market for organic cosmetics market. One of the key impeding factors for slowing down the market growth of organic cosmetics is the high cost of these products. In addition to this, the shelf life of these organic cosmetics is very limited and there is a clear lack of standardized certification for these products. These factors are also expected to hamper the market growth of ASEAN market for organic cosmetics products and may slow it down to reach its full potential. There is a dire need for setting up strict and rigorous standards for certification, so that only the products with reliable and genuine brands will be able to introduce themselves in the global market for organic cosmetics.

Depending on the type of product, the ASEAN organic cosmetics market  can be segmented in terms of make up, toiletries, fragrances, hair care, and skin care. Among these mentioned segments, the organic products for hair care are held the highest share in the ASEAN market in 2015 in terms of revenue generated. The organic hair care cosmetics products segment was valued at US$780 million in the year 2015. The overall demand for the organic hair care products is expected to clock nearly US$1.24 billion by the fall of year 2020.

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The second highest revenue generating product was found to be the skin care products. In terms of revenue generated, the segment accounted US$671 million in the year 2015. This segment for organic skin care products is expected to grow with the help of a steady CAGR of 9.7% over the course of the given forecast period and is estimated to reach an overall market valuation of US$1 billion during the same time. The segments of toiletries and organic fragrances are also projected to grow with strong CAGRS over the course of the given period of forecast.

From a regional point of view the ASEAN market for organic cosmetics can be segmented into six key regions such as Malaysia, Indonesia, Thailand, Vietnam, Philippines, and Singapore. In ASEAN organic cosmetics product market, Thailand, Indonesia, and Philippines are the three biggest markets in terms of revenue generation. Thailand market for organic cosmetics.

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Some of the key companies in the ASEAN market for organic cosmetics include names such as Weleda Inc., W.S. Badges Company Inc., and Groupe L’OCCITANE among others.

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on the basis of distribution channel:

  • Departmental Stores
  • Franchise Outlet
  • Beauty Specialist Salon
  • Direct Sales
  • Chemist/ Pharmacies
  • Internet
  • Others

on the basis of product type:

  • Skin Care
  • Hair Care
  • Make Up
  • Fragrances
  • Toileteries
  • Others

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Dewatering Pumps Market to grow at a rate of 5.3% by 2022-2028 | FMI

According to the report by Future Market Insights (FMI), the global dewatering pumps market is expected to witness a CAGR of 5.3% from 2022 to 2028. In 2017, the market was worth US$ 5,498.6 Mn and is expected to rise to a valuation of US$ 9,510.2 Mn by the end of 2028.

Leading market players are shifting their production bases to Asia Pacific in order to capitalise on economies of scale. The global market is, as is customary, trending toward consolidation. Several mergers have occurred recently; the same trend is expected to continue in the coming years, with profitability remaining the primary driving force behind these acquisitions.

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Long-term tie-ups with EPC (Engineering Procurement and Construction) companies are expected to provide high and stable sales to international manufacturers of dewatering pump. Most sales of small and medium capacity pumps take place through distributors and retailers, which generally hold multi-branded & wide variety products at their shelves.

The global  dewatering pumps market  is identified as a fairly concentrated market with the organized sector having a share of around 49% of the global market followed by Tier 2 and small scale manufacturers. The principal aim of the manufacturers has been the expansion of market footprint via extension of their product portfolio and strengthening of the sales and distribution network.

Providing integrated offerings through diverse range of products and developing strong distribution and aftersales service network at regional and local level can provide significant opportunities for growth. In order to gain competitive advantage, strong focus on life-cycle costs analysis, including reducing operating costs through energy-efficient solutions, is highly required for product differentiation.

Burgeoning Exploration Activities for New Sources of Water to Trigger High Demand

Governments of emerging economies in Asia Pacific and MEA, particularly in countries such as South Africa, Morocco and the UAE, are focusing on improving drinking water facilities in urban as well as rural areas. Also, exploration of new water sources is expected to increase sales of pumps with enhanced capacity and efficiency for agricultural and domestic applications. Desalinization projects are also expected to contribute to adoption of pumps, as most parts of the globe still lack the basic facility of running water.

An estimated 60% of the world is still without running water. ASEAN region is witnessing increase in water supply and sanitation projects by governments, which is likely to boost sales of centrifugal pumps for domestic and agricultural applications. It has been estimated that only 50% of the global population has access to drinking water from a piped connection providing running water in their homes or compounds. As per the analyst, the demand for dewatering pumps across the globe, especially in ASEAN countries will increase owing to these reasons.

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Low Priced China-based Pumps to Act as Hindrance to Market Growth

The presence of numerous Chinese players who are offering low-priced pumps acts as a restraint to most regional and global players offering pumps. The surging price pressure from these players is influencing the main suppliers to offer high-quality, reliable, efficient, and technologically-advanced pumps at competitive prices. However, the price sensitive nature of the market is a restraining factor on overall revenue growth potential of the global pump market.

Emergence of China as a major producer of low cost pumps, is has disrupted the market to a certain extent. In order to overcome this challenge, international pump vendors need to differentiate their products through various additional services and integration of advanced technologies.

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Dewatering Pumps Market by Category

By Product Type:

  • Sludge Pumps
  • Slurry Pumps
  • Drainage Pumps
  • Hybrid Pumps

By Technology:

  • Positive Displacement Type
  • Centrifugal Type

By Capacity:

  • 0.5-3 hp
  • 3-10 hp
  • 10-50 hp
  • Above 50

By End Use:

  • Civic Infrastructure Construction
  • Mining & Metals
  • Paper & Pulp
  • Chemicals
  • Power Generation
  • Food & Beverages
  • Municipal
  • Others

By Region:

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

 

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Glaucoma Treatment Market by Segmentation type— Global Forecast to 2032

According to Future Market Insights (FMI), the Glaucoma Treatment Market is forecasted to reach a net worth of US$ 7.6 Bn in 2032 from US$ 5.5 Bn in 2021 by registering a moderate CAGR of 3%. With the increasing proportion of the geriatric population in different geographic regions, glaucoma has emerged as a prevalent ailment.

Though there are some instances of successful glaucoma treatment in homeopathy, drugs and surgery are the prominent methods adopted by healthcare institutes. The requirement for various combinations of drugs has provided the necessary traction for the growth of the global glaucoma treatment market in recent years.

Attributes Details
Glaucoma Treatment Market Size (2027) US$ 11.05 Bn
Glaucoma Treatment Market Size CAGR (2022-2032) 3.2%
Glaucoma Treatment Market Size Attraction Growing infrastructure and demand for renewable energy to offer impetus.

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During the Covid-19 pandemic years, the global glaucoma treatment market experienced a slowdown in market expansion and revenue generation, giving some way for a natural cure for glaucoma available in the locality. However, with the subsidence of Covid-19 cases, non-emergency medical services are pacing up with sufficient opportunities for growth of the glaucoma treatment market.

Higher demand for advanced surgical procedures supported by superior drug combinations for glaucoma remedies will propel the market growth for glaucoma treatment in the Asia Pacific, Latin America and the Middle East and Africa (MEA) countries during the forecast years.

“The growing concern for the maintenance of eye health has increased demand for glaucoma and eye pressure treatment services worldwide. This increase in demand is fuelling the further technological advancements for the best treatment for glaucoma, opening up new opportunities for glaucoma treatment market expansion.”—opines an FMI analyst.

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Key Takeaways

  • The global glaucoma treatment market is poised to reach a value of US$ 6.86 Bn by 2028.
  • POAG or primary open-angle Glaucoma Segment will be the dominant service providing holistic treatment for glaucoma, withholding a net worth of more than US$ 4.5 Bn alone in 2021.
  • For drugs available for treatment for glaucoma and cataracts, the pharmacy segment will experience the highest growth rate than the other distribution channels by recording a CAGR of 3.3%.
  • Among all the types of drug classes for glaucoma remedies, the prostaglandin analogs segment held a significant share of the global glaucoma treatment market by more than 30% in 2021.
  • The growth prospects of North America in the glaucoma treatment market are more than the global average at nearly 3.4%.
  • Europe will experience more moderate growth in the glaucoma treatment market with a CAGR of about 2.7% during the forecast period.

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Competitive Landscape

Major global glaucoma treatment market players include Cilla Inc., Akorn Operating Company LLC, Abb Vie, Bausch & Lomb Incorporated, Inotek Pharmaceuticals, Merck & Co., Inc., Novartis AG, Pfizer Inc., and Santen Pharmaceutical Co., Ltd.

Most of the major players are more focused on investing in research and testing for the development of new drug combinations for providing better options than natural remedies for glaucoma.

Analogs and eye drops for glaucoma are some of the major products for glaucoma drug manufacturers generating the highest revenue from the market. Following the strict regulations set by healthcare sectors in different parts of the world can hamper the pace of business expansion of most of the players operating in the glaucoma treatment market.

  • Teva Pharmaceuticals strengthened its product portfolio by launching a generic version of AZOPT in March 2021. It was the first of its kind generic version of AZOPT (Brinzolamide Ophthalmic Suspension) 1% reducing the glaucoma treatment cost in the United States.
  • Aerie Pharmaceuticals, Inc. and Santen Pharmaceutical Co., Ltd collaborated in December 2021 for commercializing their newly developed product Rhopressa/Rhokiinsa and Rocklatan/Roclanda in the Asia Pacific and Latin America countries. This business expansion of two major players will provide more glaucoma treatment options for the citizens of Latin America and Asia Pacific regions, particularly in China, India and Oceania.

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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 Combi Ovens Market To Grow With A Year-On-Year Value Growth Of 10.7% | FMI

The global combi ovens market to grow with a year-on-year value growth of 10.2% in 2022 reaching a value of about US$ 1,996.9 Mn by 2022 end. Combi ovens are available for Convection, steaming, and combination cooking. The combination mode employs both dry heat and steam to maintain precise humidity levels in the food, allowing for more control over moisture levels.

The rising demand for combi ovens has compelled manufacturers to approach the market with heavy and medium capacity combi ovens in order to serve hotels, institutions, and commercial kitchens.

In a bid to maintain the combi ovens market sustainability amidst increasing competition, Tier 1 players are engaged in expanding manufacturing capacities and strengthening regional presence. For instance, Electrolux, in 2017, acquired Continental Brand in Latin America with an aim to strengthen Electrolux’s growth in the Latin America region.

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The growing demand from the foodservice industry and the need for more productive cooking methods are expected to be the core drivers for the global combi ovens market in the coming years. With the growth in economy and increment in the disposable income of people, people now endeavour to spend more on items that can fulfil their desires such as a luxury car, an apartment, or on the food and beverages they desire to eat or drink.

Humans are inquisitive in nature, and have the tendency to explore new things and new varieties of food to taste, which has thus pushed culinary specialists or chefs to come up with new types of cooking methods. Combi oven is best for cooking meat owing to the reason that the heat in the chamber does the majority of the cooking and the moisture in the oven prevents the meat from drying out and also increases its consumable life.

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Combi ovens are a perfect alternative for cooks when they are in the need to serve food in quick service restaurants or serve bulk orders. In this way, combi ovens are in great demand in inns, hotels, restaurants, eateries, and at other food outlets. The development of the foodservice sector across the globe is expected to bode well for the progression of the global combi ovens market.

Key Market Players

Key market participants are focusing on enhancement of their medium-term expansion strategy, product portfolio strategy, and mergers with regional distributors to expand their business. The players operating in the market are Alto-Shaam Inc., Electrolux AB, Fujimak Corporation, The Middleby Corporation, Retigo S.R.O, and Dover Corporation, among others.

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Global Combi Ovens Market by Category

By Product Type, the Global Combi Ovens Market is segmented as:

  • Steam Generated
  • Boilerless

By Power Unit, the Global Combi Ovens Market is segmented as:

  • Gas
  • Electric

By Capacity, the Global Combi Ovens Market is segmented as:

  • Low
  • Medium
  • Heavy

By End-use, the Global Combi Ovens Market is segmented as:

  • Hotels & Restaurants
  • Bakery Stores
  • Retail Outlets
  • Domestic & Institutional
  • Commercial Kitchens

By Region, the Global Combi Ovens Market is segmented as:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

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North America Will Account For 19.4% Of The Global Sales Of Extruders And Compounding Led By The U.S. In 2022

The global market for extruders and compounding machines is expected to grow at a moderate value CAGR of 4.7% during the period of forecast, 2022-2027. The global extruders and compounding machines market was valued at around US$ 11 Bn in 2022 and is estimated to reach a valuation of more than US$ 18 Bn by the end of the year of assessment (2027).

The U.S. is emerging as one of the fastest growing markets for extruders and compounding machines in North America. The market in the country is driven by the increasing adoption of extruders and compounding machines from various end-use industries, presence of leading market players and growing demand for packaging food products.

An in-depth market segmentation is carried out that explores every angle of the market with which relevant acumen can be obtained. A forecast analysis for a period of 10 years has been drawn that can support the reader in slating future moves.

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Global Extruders and Compounding Machines Market: Dynamics Impacting Growth

Increase in the demand for plastics across several regions in the globe, integration if IIoT in the field of compounding and extrusion, increasing threshold in cable manufacturing sector, increased use of extruders and compounding machines in small and medium scale industries, rising food and beverage sector across the globe especially in emerging economies, increasing trade policies supporting the market’s growth, and increasing demand from construction, consumer goods and packaging industries have supported the growth of the global extruders and compounding machines market. Factors such as strict government regulations on using non-green machines, problems associated with BREXIT and stringent regulations on plastic products have posed restraints to the market’s growth.

Global Extruders and Compounding Machines Market: Key Segmental Outlook

The global extruders and compounding machines market is segmented on the basis of product type, application, end use industry and region.

  • By product type, the adoption of twin screw is expected to dramatically rise in the coming years. This makes the twin screw segment highly attractive and it is projected to grow at the fastest rate to reach a high valuation by the end of the forecast period
  • In the application category, speciality plastics segment is estimated to reflect a higher valuation than other application segments thus leading the global market. Moreover, the master batch production segment is projected to grow at a significant pace in the coming years
  • By end use industry, plastics industry segment and food and beverage segment have largely contributed to the growth of the global extruders and compounding machines market. Plastics industry segment leads the way
  • In the region category, Asia Pacific excluding Japan (APEJ) is anticipated to radiate high market attractiveness. The extruders and compounding machines market in APEJ region is the largest with a significant market valuation and is projected to expand at a high value CAGR of 5.7% throughout the period of forecast

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Global Extruders and Compounding Machines Market: Competitive Landscape

The global extruders and compounding machines market research report has included key player analysis covering several facets such as financials, developments, expansion strategies and product portfolios of key companies dealing with extruders and compounding machines. Key companies such as Toshiba Machine Co., Ltd., The Japan Steel Works Ltd., Coperion GmbH, Battenfeld-Cincinnati, NFM Welding Engineers, Inc., Clextral S.A.S., KraussMaffei Berstorff GmbH, Leistritz AG, Davis-Standard, LLC, Theysohn Extrusionstechnik GmbH, Everplast Machinery Co., Ltd., Breyer GmbH, Rajoo Engineers Limited, Gneuss Kunststofftechnik GmbH, Cheng-Hua Machinery Co., Ltd., Kabra Extrusion Technik Ltd., and SML Maschinengesellschaft mbH are covered in this research study.

Extruders and Compounding Machines Market by Category

By Product Type:

  • Single Screw
  • Twin Screw
  • Ram Extruders

By Application:

  • Speciality Plastics
  • PVC Cable
  • Master Batch Production
  • Flooring Sheet
  • Others

By End Use Industry:

  • Food Industry
  • Chemical Industry
  • Plastic Industry
  • Medical/Pharmaceutical
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Middle East & Africa (MEA)
  • Japan

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 5-years.

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Pet Diabetes Care Devices Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032

According to a recent study done by FMI, the pet diabetes care devices market is expected to reach US$ 3.90 billion by 2032, up from US$ 2 billion in 2021, expanding at a high CAGR of 6.6%. This study explains how the pet diabetes care devices market is directly proportional to an increased number of suffering pets and diabetes spreading amongst them. E.g., caring for a blind dog with diabetes.

Attributes  Details
Pet Diabetes Care Devices Market CAGR (2022 – 2032) 6.5%
Pet Diabetes Care Devices Market (2032) US$ 4 Bn
Pet Diabetes Care Devices Market Attraction The increasing obesity of pets as a result of fewer physical activities and major eating disorders are driving forces behind the development of pet diabetes care devices.

The domestication of animals is leading to a lack of insulin production in them. The limited flow of glucose to the cell can be termed diabetes. This chronic disease is a major concern for pet owners and needs to be taken care of. This concern leads to the expansion of the pet diabetes care devices market. Devices like the alphatrak blood glucose meter are in use as they help the pet owners monitor the pet’s health.

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The increased number of people adopting pets and then domesticating them around in their households, treating and caring for them as family members are some other factors for the proliferation of the pet diabetes care devices market.

As diabetes is a chronic disease, the care devices are used for a lifetime for taking care of the pet. This leads to the high sales of structured devices and care units like dog fitness trainers, special diet consultants, and regular insulin injections.

Effective diabetic care and management are important for the pet’s health. Stating American Pets Products Association, 90.5 Mn families have adopted a pet, increasing the amount of capital spent on a single pet for the healthcare and wellbeing of their beloved pet.

Key Takeaway

  • With Covid-19 affecting the global supply and demand chains, the healthcare market is already affected. The pet care market, including the pet wellbeing care devices market, has seen a blow during the surge in the cases.
  • The animal rights and pet rights organizations are working hand in hand in order to spread awareness about different diseases that pets deal with. The cure and care have been taught to the pet parents through online conferences during the pandemic.
  • The global pet diabetes care devices market is segmented by device type, animal type, and end users. These segments perform differently in each marketing space.
  • On the basis of device type, the global market is divided into Insulin Delivery Devices and Glucose Monitoring Devices. The leading segment is insulin delivery. E.g., Pet wellbeing sugar gold for dogs, Vetsulin for dogs and cats. On the basis of animal type, the market is segmented into Cats, Dogs, and Horses. The leading segment in the market is dogs, as they are domesticated the most in this category. Taking care of a diabetic dog needs plenty of care and regular check-ups from time to time.
  • On the basis of end-use, veterinary clinics, home care settings, and veterinary hospitals are the segments.

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Competitive Landscape

The global pet diabetes care devices market is dominated by Apotex Inc, Boehringer Ingelheim VetMedica Inc, Becton, Dickinson and Company, FitBark, Henery Schein Animal Health, Merck Animal Health, Ulticare, and TaiDoc. These companies are adopting new organic and inorganic plans to increase their stronghold in the pet diabetes care devices market.

Lately, Merck Animal Health, Zoetis, and Purina are continuing the diabetes pet care alliance program. This involves alliances, aids, and pet screenings.

Key Segments

By Animal Type:

  • Cats
  • Dogs
  • Horses

By Device:

  • Insulin Delivery Devices
  • Insulin Delivery Pen
  • Insulin Syringes
  • Glucose Monitoring Devices

By End User:

  • Veterinary clinics
  • Home Care Settings
  • Veterinary Hospitals

By Region:

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

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Odour Control System Market Sales Are Anticipated To Rise At A Moderate CAGR Of 4.7% Between 2022 And 2029

The odour control system market is estimated to be valued at ~ US$ 1 Bn in 2022, and is projected to increase by ~ 5% CAGR during the forecast period of 2022 – 2029. The newest market research study by Future Market Insights on odour control system includes the global industry analysis for 2014–2021 and market forecast for 2022 – 2029. The study observes the odour control system market and offers detailed perceptions for the forecast period of 2022-2029.

According to the analysis and study done in the report, the global odour control system market is anticipated to observe prominent progress, due to increasing adoption in the chemical industry.

The odour control system market has a high potential to grow in regions such as Asia Pacific Excluding Japan (APEJ) and North America. Significant innovations with incorporation of advanced technologies meeting regulations are expected to emerge as a product differentiator in the odour control system market.

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Installation of hybrid odor control systems and demand for advanced and cost-effective odour control system from various industrial and government entities have increased significantly. This growing demand for progressive products generates pressure on manufacturers to deliver technologically-advanced and unique product offerings.

Thus, technological advancements have led to noteworthy investment in research and development by manufacturers. Manufacturers in the odour control system market are constantly focusing on developing unique technologies, which help them differentiate their products and earn a competitive edge.

Odour control systems play a crucial role in wastewater and solid waste treatment facilities. Individual odour control systems can be installed at various locations in a single wastewater treatment facilities, or a centralize system could be installed for low capacity plants.

Increasing investment for the effective and efficient waste management, establishment of new plants and capacity increase of existing facilities, and also  growing intolerance towards odours, are factors expected to increase the demand for odour control systems in near future.

Japan to Provide Noteworthy Growth Opportunities for Manufacturers

The ongoing technological advancements and progression in investment for the storm water management projects and wastewater treatment facilities are expected to grow significantly over the forecast period. Odour control system manufacturers are focusing more on improving their market structures and offerings in the region.

Emphasis on trade balance and increasing production by strengthening the manufacturing sector is currently the prime motive of the government in Japan. Also, the adoption of ‘best available technique’ is prominent in the country, which is likely to propel the demand for advanced odour control system.

Japan has large installed base of odour control systems which are likely to get regular up gradation and replacements. Considering the average life of the odour control systems and the install base, the market in Japan is estimated to surge in next few years.

For the global odour control system manufacturers, Japan is projected to be a prominent market throughout the forecast period, owing to the increasing consumption and production of odour control systems across several industries.

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Chemical & Petrochemical Industry to Capture Prominent Share

The division of the global odour control system market has been done on the basis of application, along with six regions.

  • High application potential of odour control system is identified in chemical & petrochemical industry. These industries produce odorous compounds such as hydrogen sulfide, ammonia,mercaptansand several others.The air contains odorant molecules, which must be treated to avoid corrosion and to comply with environment regulations, hence mandating the use of odour control systems in chemical & petrochemical industries.
  • Waste treatment and disposal plants are a major source of odour emission. The effluents and vapors coming from these sources are of different and unpredictable composition. Hence, it becomes a necessity to install a combination of odour controls systems at these locations, thereby potentially influencing the market growth.

Odour Control System Market: Vendor Insights

The global odour control system report emphasizes on some of the principal industry players. Some of the key players include Babcock & Wilcox Enterprises, Inc., CECO Environmental., Anguil Environmental Systems, Inc., Evoqua Water Technologies LLC, Scotmas Limited, Ecolab Inc., Tholander Ablufttechnik GmbH,among 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 7-years.

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Pet Apparel Market is Projected to Reach at a USD 5.1 Bn in 2022 | FMI

The global pet apparel market is estimated at USD 5.1 billion in 2022 and is projected to reach USD 7.0 billion by 2032, at a CAGR of 5.0% from 2017 to 2021.

The higher pet adoption from dogs to cats and all the other kinds. With the higher number of pet-based community fests, pet apparel companies have started coming up with new creative designs that fuel the sales of pet apparel.

The increased humanization of pets, such as dogs and cats, can be linked to the expansion of the global industry for pet couture. The increase in the number of pet adoptions around the world is a major element driving the growth of the pet clothing market.

The advent of premium pet attire through collaborations with well-known fashion labels such as H&M and Ralph Lauren is propelling the sector forward and pushing the demand for pet apparel.

Furthermore, the industry is experiencing an upward trend due to the advent of pet fashion influencers, small company owners, and product design advances, all of which are influenced by social media. For example, Boobie Billie, the stylish Instagram dog, has launched a high-end fashion brand.

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The presence of non-profit organizations dedicated to animal welfare might be credited with the market’s rise. The demand for dog and animal clothes from shelters, animal protection organizations, and communities concerned about stray animals is boosting market growth and expanding the pet apparel market size. The market for pet apparel is steadily developing, thanks to increased knowledge of animal health and pet adoption.

Key Takeaways from the Pet Car Seat Market Study

  • US is considered as a lucrative market for pet apparel and is expected to grow at CAGR of ~4.0%. The associated company’s recent introduction of pet apparel marketing is expected to attract individuals to purchase pet apparel goods.
  • The pet apparel market in India is expected to grow at a CAGR of ~5.0%. India’s pet population is estimated to be between 28 and 29 million, with dogs accounting for the majority of pet ownership.
  • By product type, the shirts and tops sector is likely to hold a significant proportion of the market, owing to an increased preference for vital apparels to calm pets from nervousness caused by cold and fireworks.
  • By pet type, the dog segment is expected to dominate the market in terms of pet type. This is due to an increase in spending on various dog supplies and necessities like as toys, clothes, and other items.

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“In the coming years, rising concerns about pet care, the launch of enhanced premium pet apparel, and increased health expenditure on pets are all expected to boost demand for pet apparel market.” says an FMI analyst.

Impact of COVID-19 on the Market

The unpredictability of the Covid-19 shutdown limitations forced the closure of pet specialty stores in numerous nations around the world. This is predicted to have a negative impact on product sales around the world. However, increasing consumer habits toward purchasing garments through e-commerce outlets in order to avoid coronavirus infection during a pandemic are predicted to boost demand for pet clothing globally.

For example, Chewy, a U.S. supplier of animal grooming and wardrobe products, reported a rise in online sales in April 2020. As a result of this consistent purchase habit, the market is likely to thrive following the Covid 19 pandemic.

Who is winning?

Leading manufacturers of pet car seat are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of pet car seat globally.

Major players present in the pet car seat market Pet Factory Company, ABO Gear, Body Glove Pet, Good2Go, Hip Doggie, Moshiqa, Petstock, Hunter International GmbH, Insect Shield, MILK&PEPPER, Bedhead Pajamas Inc. among others.

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Recent Market Development

In 2021, Major Dog Clothing launched their first Australian-made and designed collection of canine apparel to support local jobs and transparent manufacturing

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global pet car seat market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the pet car seat market based on the product type (coats, jackets, sweaters & hoodies, & others), pet type (dogs, cats & others), material type (cotton, polyester, Lenin & others) sales channel (supermarkets & hypermarket, retailers & wholesalers, direct sales, pet specialty stores, online retailers & other sales channel) across seven major regions.

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

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Water Treatment System Market Analysis: Imperative to Serve Communities and Industries By 2029 End | FMI

The global water treatment market is projected to grow 6% in 2019 and reach a total valuation of ~US$ 48,951.8 million from ~US$ 46,162.7 million in 2018 as per the recent report published by Future Market Insights.

Growth in the global water treatment market is expected to be driven by increased demand for potable water, changing government regulations, and increased awareness of the negative impact of untreated water.

Several key drivers are expected to fuel the growth of the global water treatment market during the forecast period, according to the report. Growing awareness of the dangers of impure water consumption, a steady increase in demand for fresh water, the adoption of water treatment systems, and demand for quality water from the domestic and industrial sectors are among the notable driving forces.

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The increase in the adoption of new technologies along with focus on R&D will play an instrumental role in shaping the overall growth of the water treatment market in 2019 and the coming years. Further, established players operating in the water treatment market are likely to increase investments in R&D activities, focus on the development of innovative water treatment systems, and offer cost-effective solutions.

In addition, existing players pushing for product innovation, collaborations with EPC companies and local municipalities, development of patented technologies and high capacity treatment systems are likely to gain a competitive edge in the current industry landscape.

East Asia Emerges as a Promising Region for Market Growth

In the current scenario, North America and MEA are expected to dominate the global water treatment market in terms of market share. However, the report suggests that the market in East Asia will witness a commendable growth through the forecast period 2019-2029. Currently, the market value of the water treatment market in East Asia is ~ US$ 10,065.6 million and expected to reach US$ 24,376.9 million by the end of 2029 growing at a CAGR of around 9.2% throughout the forecast period. The growth is projected to be primarily driven by focus on enhancing water quality and striking a balance between the demand and supply ratio.

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Furthermore, the economies of East Asian countries such as China, South Korea, and Japan have shown a steady growth in recent years. Macro-economic parameters including rapid urbanization, growing population, and positive investment patterns have boosted investments in the housing and municipality projects in the region. Other factors such as lack of quality water treatment infrastructure and growing water scarcity have led to a noteworthy increase in the spending to upgrade water treatment facilities in the region.

Evolving Government Regulations Expected to Shape the Future of Water Treatment

According to the FMI analyst, “The growing demand and focus on chemical-free water has certainly opened up new opportunities for the existing market players. Further, the demand for environment-friendly water will lead to an increase in process water treatment systems in the forecast period.”

According to the FMI report, in the current scenario, the high demand for chemical-free water is projected to be a key driver of the global water treatment market. Government regulations revolving around water treatment policies are expected to focus on the impact of untreated water on the environment. The evolving government regulations has encouraged market players to focus on the development of eco-friendly water with innovation and adoption of new technologies.

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Water Treatment System Market Key Segment

By System Type:

  • Preliminary Treatment
  • Water Treatment
  • Membrane Bio-Reactor (MBR)
  • Reverse Osmosis (RO)
  • Micro-Filtration (MF)
  • Nano/Ultra Filtration (NF/UF)
  • Disinfectants (UV, Ozone)
  • Sludge treatment
  • Activated Sludge
  • Sludge Thickening & Dewatering
  • Sludge Drying
  • Other Sludge Treatment Technology

By Application:

  • Process Water/ Water Treatment
  • Waste Water Treatment
  • Zero Liquid Discharge
  • Desalination

By End Use:

  • Residential Buildings
  • Commercial Buildings
  • Municipality
  • Industrial
  • Chemical & Petrochemicals
  • Oil & Gas
  • Mining & Metals
  • Food & Beverage
  • Pharmaceuticals
  • Thermoelectric Power Plants
  • Semiconductors
  • Pulp & Paper
  • Sugar Mills
  • Textiles
  • Leather

By Region:

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

About Us:

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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