Oral Controlled Release Drug Delivery Technology Market to Register a CAGR Growth of 7.2% throughout 2027

Future Market Insights (FMI), in its report, projects the global oral controlled release drug delivery technology market to register an impressive expansion at 7.2% CAGR during the forecast period 2017 to 2027. The market will surpass revenues worth US$ 20,000 Mn in 2017, and is further estimated to reach nearly US$ 50,000 Mn by 2027-end.

Oral Solid Dosage Manufacturers in North America Enabled to Achieve Significant Bioavailability

FMI’s report estimates North America to remain the largest market for oral controlled release drug delivery technology, with sales estimated to reach nearly US$ 20,000 Mn by 2027-end. Being preferred route of drug administration by physicians, demand for oral controlled release drug delivery technology has been witnessing a surge by end-users in North America. In addition, recent advancements in drug delivery have enabled oral solid dosage manufacturers in North America to achieve significant bioavailability through adoption of novel drug delivery platforms. This is further expected to drive demand for oral controlled release drug delivery technology in the region.

However, increasing research activities related to biologic molecules, and their dominance in treating oncology conditions, coupled with government investments in these research activities are expected to impede the market growth in North America. In addition, formulation challenges such as juncture of market expectations for once-daily dosing, and growth of controlled release tablets which impart abuse resistance, incurred in oral controlled release drug delivery technology are expected to further curb growth of the market in this region.

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New Chemical Entities Resulting from High Throughput Screening to Drive Market Growth in Western Europe

Western Europe will register the fastest expansion in the global oral controlled release drug delivery technology market. This growth is primarily attributed to a slew of new chemical entities resulting from high throughput screening, which have low solubility and bioavailability. This has further led manufacturers in this region to invest in drug delivery methods with better clinical outcome. Owing to cost-sensitiveness in Western European countries, technologies enhancing bioavailability will remain preferred drug delivery system. These factors are expected to drive growth of the market in this region.

However, most of the pharmaceutical companies in Western Europe have complex supply chain, which is either under-utilised or inefficient. Complexity of supply chain is attributed to low flexibility and cost-effectiveness. In addition, shortening of effective patent life along with patent cliffs is a major challenge for oral solid dosage forms in this region. Factors such as these are estimated to hinder growth of the market in Western Europe.

Dissolution-Controlled Release System to Remain Sought-After among Drug Release Technologies in the Market

By drug release technology, dissolution-controlled release system will remain sought-after in the market, followed by diffusion-controlled release system. Majority of generic formulations available are in tablet dosage form and follow dissolution-controlled release mechanism. Revenues from sales of dissolution-controlled release system will surpass US$ 10,000 Mn in 2017. Demand for hydrodynamically-balanced drug delivery system will remain sluggish in the market.

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Solid dosage forms of oral controlled release drug delivery technology are expected to remain dominant in the market, expanding at a high single-digit CAGR through 2027. Sales of semisolid/liquid/suspensions dosage form segment will register a comparatively lower CAGR than that of solid dosage forms in the market through 2027.

Key market players identified in FMI’s report include AstraZeneca Plc., Bristol-Myers Squibb Company, Sun Pharmaceuticals Industries Ltd, Abbott Laboratories, Merck & Co. Inc.,Novartis AG, Pfizer Inc., Mylan N.V., Sanofi, F. Hoffman-La-Roche Ltd., Johnson & Johnson Services, Inc., Vectura Group plc., GlaxoSmithKline plc.

Agri Natural Enemy Pest Control Market Outlook to 2029 by Latest Trends, Business Opportunities, Segmentation

Agricultural intensification is gaining momentum to meet the global food requirements and adapt to the rapidly changing demands. Change in land use and effects of climate change are necessitating the adoption of agri natural enemy pest control, which significantly help enhance farming systems.

The biological control of arthropods, weeds, and diseases promote the stability and diversity of agricultural communities and aid in reducing synthetic inputs. Moreover, the implementation of agri natural enemy pest control helps manage all residues of conventional pesticides with bio-pesticides. These factors are attracting consumers, thereby accelerating the growth of the agri natural enemy pest control market.

Key Takeaways from the Agri Natural Enemy Pest Control Market Study

• Steady demand for conventional pesticides is likely to be negatively impacted by an upsurge in the popularity of agri natural enemy pest control method.
• As of 2017, nearly 93 countries have laid natural farming regulations. Governments are undertaking initiatives for sustainable agriculture by funding research programs that identify pests and analyze the most appropriate control agents.
• Adoption of natural and greener products is expected to increase on pace in line with growing government’s sustainable development projects.
• Formulations of products for long-term stability could give impetus to the agri natural enemy pest control market growth.
• Registration of products remains a big hurdle for key players in the agri natural enemy pest control market. Market players are expected to strategize accordingly and collaborate with regulatory bodies to ease the registration process of biological products.

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• Leading players in the agri natural enemy pest control market are likely to offer not only products but also allied services.
• As compared to developing regions, the sales of agri natural enemy pest control are projected to be higher in countries of North America, Europe, and Oceania.

“Growing consumer awareness regarding adverse effects of chemical pesticides on human health as well as the environment favors the agri natural enemy pest control market fundamentally. As today’s consumers are ready to spend more on food crops that are chemical-free or organic, manufacturers should be looking at a period of sustained demand,” says the analyst.

Emerging Market Players to Play a Crucial Role in Product Development

Products required for agri natural enemy pest control varies from region to region, depending upon the local biodiversity. Thus, domestic players in the agri natural enemy pest control market is likely to perform a significant role in formulating biological products that are suitable for a particular area or country, depending on their climatic conditions.

• Many leading companies are strategizing to collaborate with local and emerging market players in the agri natural enemy pest control market.
• Strengthening the supply chain is essential for emerging players to sustain in the intensely competitive market.

One of the vital factors for emerging players is to study the regional biodiversity and increase the effectiveness of agri natural enemy pest control products for that particular region. Thus, strategic investments in research and enhanced marketing techniques are needed to strengthen the market position. Besides, companies must focus on improving the efficiency of their products for large-scale agricultural purposes.

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Find More Valuable Insights on Agri Natural Enemy Pest Control Market

Future Market Insights, in its new offering, brings forward an objective analysis of the global agri natural enemy pest control market, presenting historical demand data (2014-2018) and forecast statistics for the period, 2019-2029. The study elaborates the insights on the agri natural enemy pest control market on the basis of application (ant control, beetle control, bird control, insects control, mosquitoes and flies control, and rat and rodent control), service (augmentation, importation, and conservation), and control agent (predators, parasitoids, pathogens, bacteria, fungi, oomycota, and competitors) across seven major regions.

Natural Antioxidants Market Revenue, Opportunity, Segment and Key Trends 2019-2029 | Future Market Insights Report

Based on the new study by FMI, sales of natural antioxidants are estimated to go beyond US$ 1.7 Bn in 2019. Recent studies have revealed that today’s consumers are investing more in their health expenditure to prevent or slow down the lifestyle diseases. Further, aging is a very complex biological process and characterized by progressive, time-dependent deterioration of physiological function followed by dysfunction leading to death. Skin aging is one of the prime concern among the population which drives the population to consume products which can slow down the process of aging.

Natural antioxidants have gained significant recognition among the consumers, manufacturers and the aesthetic practitioners, which led to a boom in the application of natural antioxidants in the food and cosmetic industry. Although the human skin contains a variety of antioxidants, increasing pollution and harsh environmental conditions misbalances ROS and antioxidants ratio of the skin, leading to oxidative stress of cells followed by apoptosis. Natural antioxidants protect the cell from oxidative damage and delay the process of aging.

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“A better understanding of health benefits of natural ingredients among today’s consumers and their widening application in various food and beverages are anticipated to fuel the demand for natural antioxidants in the near future. Further manufacturers continue to leverage the experience and maturity to crack the code on the right portfolio balance between health and indulgence,” says the FMI analyst.

Increasing the shelf-life is possible by improving the recipe and with advanced packaging techniques under modified atmospheric application of interrupted bread-making or intelligent packages. Shelf life is one of the major concerns among the bakery manufacturers as bakery products contain the subsequent amount of moisture, lipid, protein, carbohydrates, and others. These biological compounds are prone to auto-oxidation and generation of free radicals leading to spoilage and rancidity. Owing to unique mechanism in preventing ROS generation, natural antioxidants such as tocopherols and derived compounds have become an indispensable group of food additives to enhance the shelf life of bakery products. Further, natural antioxidants scavenge free radicals without altering the overall taste and texture of the food products. Burgeoning demand for bakery products is putting a positive impact on the growth of the natural antioxidants market over the years and the trend is likely to continue in the coming years.

Future Market Insights, in its new offering, brings to fore an unbiased analysis of the global natural antioxidants market, presenting historical demand data (2014-2018) and forecast statistics for the period, 2019-2029. The study provides compelling insights on the natural antioxidants market on the basis of product (carotenoid, polyphenols and vitamins), nature (organic and conventional), source (fruits and vegetables, herbs and spices and microalgae and seaweeds), end use (food and beverages, cosmetics, nutraceuticals, pharmaceuticals and feed industry) across five major regions.

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Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million-plus data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

Passion Fruit Extract Market to increase at a CAGR of 8% through 2029 | FMI Report

A new market research report by Future Market Insights on the passion fruit extract for personal care and cosmetics market includes global industry analysis 2014 – 2018 and opportunity assessment 2019 – 2029. The report investigates the passion fruit extract market and provides critical insights for the forecast period of 2019-2029. As per findings of the report, the global passion fruit extract market is projected to experience significant growth over the forecast period, due to multiple driving factors such as increasing use of fruit ingredient in cosmetics products and increasing consumption of anti-ageing and skin care products.

The global passion fruit extract for personal care and cosmetics market was valued at ~ US$ 440 Mn in 2018, and is expected to increase at a CAGR of ~ 8% during the forecast period of 2019-2029. This growth of passion fruit extract market is majorly driven by the increasing use of passion fruit extract as an ingredient by the cosmetics companies, in the view of increasing customers demand for innovative ingredient with multiple features.

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As the ‘clean beauty’ trend continues to take the personal care & cosmetics industry by storm, manufacturers of natural and value-added ingredients including passion fruit extract should be looking at a period of sustained demand, according to FMI’s analysis.

East Asia and South Asia to Present Lucrative Opportunities

Regions such as South Asia and East Asia are expected to witness a rapid growth for the passion fruit extract for personal care and cosmetics market, considering continuous innovations adopted by cosmetics companies. Moreover, significant production of passion fruit in the Asia region, especially in China, is fueling the growth of the passion fruit extract market in terms of volume.

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However, North America and Europe are expected to hold a significant share in the global passion fruit extract for personal care and cosmetics market, due to presence of significant cosmetics industry in the regions. Companies in these regions are principally involved in importing the passion fruits from Latin America, Japan, and Southeast Asia for use in manufacturing cosmetics products.

Furthermore, cosmetics companies focusing on passion fruit extracts are expected to penetrate in the Latin America, as the region accounts for relatively large production of passion fruits. Brazil is expected to hold ~ 70% share in the global production of passion fruits. Penetration in Latin America could help companies to reduce the import cost for passion fruit and thus, help them witness a significant growth in the passion fruit extract for personal care and cosmetics market in terms of both value and volume. 

Increasing Use of Passion Fruit Seeds Oil as Ingredient Significantly Fueling Growth of the Market

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The global market for passion fruit extract for personal care and cosmetics has been segmented on the basis of species, source, application, form, extraction method, nature, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa.

Passion Fruit Extract for Personal Care and Cosmetics Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global passion fruit extract market for personal care and cosmetics market. Some of the examples of key players in the global market are MakingCosmetics Inc. Passi AG (Concentra Holding AG), Caribbean Natural Products, Inc., Dennick Fruitsource, LLC, NOF Corporation, Jedwards International, Inc., Natural Sourcing, LLC, Symrise, BERACA, Bio-Botanica, Inc., Amazionia Bio, Extrair Óleos Naturais, and others. 

Trace Oxygen Analyzer Market increasing at a CAGR of ~ 6% during the forecast period 2019-2029

A new market research report published by Future Market Insights on the trace oxygen analyzer market includes the global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report analyses the trace oxygen analyzer market and provides critical insights for the forecast period 2019-2029. As per the findings of the report, the global trace oxygen analyzer market is projected to experience significant growth over the forecast period due to multiple driving factors.

The global trace oxygen analyzer market is predicted to be valued at ~ US$ 1,127 Mn in 2019, increasing at a CAGR of ~ 6% during the forecast period 2019-2029. This growth is majorly driven by the increasing usage of trace oxygen analyzers in rapidly expanding end-use industries such as pharmaceutical & healthcare, chemical & petrochemical, electronics, power generation, food & beverages, among others.

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Manufacturers operating in the global trace oxygen analyzer market are likely to invest resources in R&D activities to develop oxygen analyzers with enhanced functionalities and sensing technologies. As per the FMI analysis, growing demand for zirconia oxygen analyzers is expected to provide an impetus to the overall growth of the market.

Lucrative Growth Opportunities in South Asia

Regions such as East Asia and North America are expected to hold a prominent market share in terms of value. On the other hand, South Asia is likely to offer greater opportunities for stakeholders in trace oxygen analyser market, on the account of rapid expansion of chemical and power generation industries which significantly contribute to the GDP growth along with continued revolution of industries in countries such as India. Moreover, the regulations for environmental monitoring are increasing in South Asian countries, due to increasing pollution, especially in India. Therefore, the demand for trace oxygen analyzers is estimated to increase significantly during the forecast period.

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In recent years, the economic condition of South Asian countries has seen substantial improvement. In consequence, the analytical testing equipment manufacturing industry in South Asia is gaining significant and positive momentum, which is forecasted to increase the growth of the trace oxygen analyzer market in the region.

Chemical & Petrochemical and Pharmaceutical to Remain Key End-Use Industries

The global market of trace oxygen analyzer is segmented on the basis of product, portability, end-use, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa. The FMI report also includes analysis of developing countries.

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Trace Oxygen Analyzer Market: Vendor Insights

The report highlights some of the prominent market players that hold a significant market share in the trace oxygen analyser market. Some of the key players in the global trace oxygen analyzer market include, Emerson Electric Co., AMETEK Inc., Yokogawa Electric Corporation, Teledyne Technologies Incorporated, Inc., HORIBA, Ltd., and Nova Analytical Systems.

Transcutaneous Monitors Market to Register a Stellar Growth Rate of CAGR of 4% During 2019 - 2029

Due to the technological advancement in multichannel monitors, demand for multipara, multichannel transcutaneous monitors is increasing day by day. Despite channel limitations and lack of technological advancements, single channel transcutaneous monitors are likely to garner significant traction in developing countries, in the view of relatively large difference in price as compared to multi-channel transcutaneous monitors.

Stakeholders in the transcutaneous monitors market are showing a palpable duality in their approach – in addition to increasing the sales of multi-channel monitors in high income countries, manufacturers are likely to tap into opportunities in price sensitive countries by offering low-cost yet significantly efficient products, according to the FMI analyst.  

Multichannel Transcutaneous Monitors to Show Higher Opportunities for New Players

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In recent years, the transcutaneous monitors market has been witnessing significant growth, on the back of wide availability of advanced and multi-channel transcutaneous monitors for patient monitoring. The multi-channel transcutaneous monitors involves simultaneous measurement of the ECG, brain functioning, blood gas measurement, and hemoglobin level. Due to rising demand for technologically advanced medical devices, healthcare professionals are giving more priority to buy multichannel transcutaneous monitors. As compared to single-channel transcutaneous monitors, multichannel transcutaneous monitors are fast and provide accurate results. Companies, in the transcutaneous monitors market, are launching products with longer battery life and benchtop portability. Such factors are thus expected to enhance the growth of the transcutaneous monitors market in coming years.

Market Players to Make Two-Fold Investments in APAC  

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The APAC region has more demand for the transcutaneous monitors, due to growing number of hospitals and rising regional government initiatives towards public healthcare program. In the APAC region, South Asian countries including India have more number of hospitals. The mounting number of hospitals is expected to create additional demand for transcutaneous monitors in the future. In addition, growing number of local market players operating in countries such as China is expected to intensify the competition in the transcutaneous monitors market in the coming years.

The transcutaneous monitors market is expected to continue sustaining high demand for multichannel transcutaneous monitors, finds the report. As per FMI’s study, significant sales opportunities for the transcutaneous monitors market players are expected in the APAC & Latin America, owing to robust development in healthcare sectors along with favorable government policies for reduced cost of treatment. Also, there are opportunities in the APAC transcutaneous monitors market for new players, including tax exemption for the first three years.

FMI completed a deep study on transcutaneous monitors by keeping the breadline view in mind about the market CAGR and value share analysis. During the transcutaneous monitors market study, we also studied the top manufacturers’ differential strategies & supply chain parameters. The giant players such as Masimo & Danaher Corporation are focusing on enhancing their product portfolios through the launch of new technology in the transcutaneous monitors market and patented technology in the patient monitoring field. These developmental activities implemented by the top players will remain key to gaining distinct competitive edge in the market.

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According to the report, the manufacturer are targeted towards innovations in the continuous patient monitoring field. Some innovations include the overnight patient transcutaneous gas monitors and auto-sleep mode patient monitors. They are the latest monitors with longer battery life and wireless capacity. Some monitors can further work on the smartphone-based application which can help monitor remote-based patients. For the neonate’s care, companies are launching the transcutaneous monitors with gold plated sensors compatibility and better accuracy.

This study underlines key opportunities in the transcutaneous monitors market and finds that the market would exhibit growth at a value CAGR of ~ 4% during the forecast period.

Europe Trolley Bus Market to represent a significant expansion at 3% CAGR by 2029

A new market research report by Future Market Insights on the Trolley Bus market includes a European industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the Europe trolley bus market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the Europe trolley bus market is projected to experience moderate growth over the forecast period, on grounds of rising adoption of electric buses, and buses driven by alternative fuels, including hydrogen fuel batteries.

The Europe Trolley Bus market is anticipated to be valued at ~US$ 650 Mn in 2019, increasing at a CAGR of ~3% during the forecast period of 2019-2029. The growth is prominently driven by the escalating demand for vehicles emitting minimal greenhouse gases, realizing mounting environmental concerns.

The ongoing ‘zero-emission’ movement across the European countries has compelled manufacturers to redefine their innovation and development strategies. As identified by the FMI analysis, stakeholders in the Europe trolley bus market are constantly leveraging cutting-edge technologies, in an attempt to offer environmentally as well as operationally efficient trolley buses.

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Italy is Set to Exhibit Significant Market Opportunity Over the Stipulated Time Period

Italy accounts for a noteworthy share in the European trolley bus market, owing to the presence of reliable infrastructure for electric buses. Furthermore, leading manufacturers such as Van Hool, are entering into agreements with local transport ministry to launch trolley buses for local commute transportation. France and Greece are expected to lead Italy, in the view of supportive government policies, which are projected to flourish the sales for trolley buses over the coming years.

Manufacturers Inclined Towards the Production of Dual Fuel Trolley Bus

The European market of trolley buses has been studied based on various types considering the countries, including Russia, Germany, U.K., Italy, Spain, France, Greece, Nordic, BENELUX, Ukraine, Romania, and Rest of Europe.

• In the bus segment, the market is categorized into 12 meters and 18 meters. The passenger capacity of a 12-meter bus is up to 120 passengers. Whereas, the passenger capacity of an 18-meter bus is more than 120 passengers at one time. Majority of the articulated trolley buses lie in the 18-meter segment. This segment is also estimated to account for a lion’s share of the market pie over the forecast period.
• By technology, the Europe trolley bus market is classified into two types – pure electric and dual powered (Electric + Battery). Dual powered segment is expected to hold prominent share as compared to pure electric segment. Most of the key players are focused on making dual powered type trolley buses following continuous operation for a limited time without the use of overhead electric power. Dual fuel buses are considered best when it comes overcome route blockages and lane changing.
• By application, the Europe trolley bus market is divided into local commuter transportation, amusement parks, and auxiliary purpose. Most of the trolley buses are relying on local passenger transportation. However, auxiliary purpose segment is anticipated to account for nearly 9% share in the segment on the account of the usage of these trolley buses for specific applications such as transportation of business class people, among others.

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The report highlights some of the market players in the CAF, Construcciones y Auxiliar de Ferrocarriles, S.A., OJSC “Holding Managing Company “Belkommunmash”, ŠKODA Transportation a.s., Kiepe Electric GmbH, Carrosserie Hess AG, Bohdan Motors JSC, Astra Bus SRL, Iveco S.p.A, Vanhool NV, and Scania AB.

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The manufacturers of trolley bus motor are focusing on technological advancement to provide additional power sources – battery with electric power, which is expected to boost the sales in the coming decades.

The Europe trolley bus market is consolidated with some players holding prominent shares of the market. Top four market players are expected to hold ~ 30% share in the Europe trolley Bus market.

Recent Research: Citrus Oils Market highly favorable to the growth rate by 2026

The Essential oil manufacturing industry develops and produces concentrated hydrophobic liquids that contain aroma compounds from plants. An oil is “essential” in the sense that it carries a distinctive scent or essence of the plant.  Essential oils can be of different types such as citrus oils, floral oils, herbaceous oils, camphoraceous oils, spicy oils, resinous oils, woody oils, and earthy oils. Among all these types of essential oils, citrus oils are most widely used and accounts for highest consumption in terms of volume.

Citrus Oils Market Segmentation

Citrus oils enjoys a major share in essential oils owing to its wide usage as industrial solvents, fragrance for cleaning products, flavoring agents, aroma and therapeutic properties. Food industry is the dominant segment where citrus oils are widely used, followed by usage in spa and massage parlors.

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Citrus oils can be segmented on the basis of type which includes orange oil, bergamot oil, lemon oil, lime oil, mandarin oil and grapefruit oil. Among all these types, orange oil is readily available and the most inexpensive of all essential oils. Due to its aromatic and blending properties, and wide usage as commercial cleaners, orange oil market is expected to grow quickly in the forecast period.

Citrus oils can also be segmented on the basis of application. The citrus oils finds its application in food industry, cosmetics and fragrances preparation and as therapeutic massage oils. Food industry is the leading segment in terms of usage of citrus oils as solvents due to its antibacterial and antiseptic properties and are also recognized as GRAS (Generally recognized as safe). Citrus oils such as grapefruit oils and lemon oils are intensively used for massages and skin treatment, owing to their antiseptic, antibacterial and immune stimulating properties.

Geographically, Europe is expected to be the largest market in terms of value for citrus oils, owing to increasing consumer sophistication, demand for natural cosmetics, fragrance, beauty products and medicines. Among the countries, Germany is expected to remain major markets in terms of consumptions for citrus oils followed by U.K. North America is expected to be the second largest market for the citrus oils in terms of consumption, being a developed nations the consumers are more sophisticated compared to consumers in other parts of the world. U.S. is expected to drive the growth and also regarded as major importers of citrus oils. Asia Pacific is expected to grow rapidly and expected to be the fastest growing region for citrus oils owning increasing in demand of citrus oils in food industry across the region followed by the demand from the growing number spas and massage parlors and less regulative conditions.

Citrus Oils Market Drivers

With the increasing demand of natural products, the consumers are inclined towards using natural fragrance as compared to artificial one, clubbed with the changing life style focused more towards relaxation and leisure in the developing region with simultaneous increase in number of spa and massage centers is expected to drive the usage of citrus oils.
Wide acceptability and availability of different types of citrus oils is also expected to contribute in the growth of citrus oils market. Rising application of citrus oils and growing consumer awareness regarding benefits of these oils is expected to spur their demand in the developing and developed regions.

Citrus Oils Market: Key Players

Citrus oils market remain concentrated between the few major players resulting in entry barriers for new participants. On the other hand increasing concerns due resource depletion are expected to remain a key challenge for the major players. Oil production requires high capital investment with advanced equipment, leading to the domination of numerous multinational corporations in the industry.

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Optical Coherence Tomography Market will Grow up to US$ 1,349.1 Mn by 2027-end

A significant rise in the occurrence of cardiovascular and ophthalmologic disorders has been recorded in recent years. As a countermeasure, state authorities and private organisations in ophthalmic care are introducing several eye care programs for the general public. Globally, the number of people with eye disorders has increased to a severe level, hence further escalating the need for advanced eye care imaging and treatment. This has been observed as a major factor fuelling the demand for optical coherence tomography of late. A new study conducted by Future Market Insights (FMI) reveals that the global optical coherence tomography market to grow from US$ 660.5 Mn in 2016 to US$ 1,349.1 Mn by 2027-end. This market is expected to expand at a CAGR of 6.7% in terms of revenue between 2017 and 2027. During this ten years of the forecast, the popularity of optical coherence tomography is expected to grow rapidly as medical companies are laying strong emphasis on development of portable devices in order to increase the adoption rate of such imaging technology. 

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Global Optical Coherence Tomography Market: Opportunities and Trends

Manufacturers of OCT systems are actively focusing on expanding their existing range of products. Some of the latest OCT systems now come with multi layers analysis of the surface as well as offer higher image resolutions. Moreover, making such systems portable and user-friendly is anticipated to encourage their robust adoption in the near future. Also, players in the global market for optical coherence tomography are expected to benefit from increasing medical and non-medical application of OCT.

In an attempt to further improve their market position, some of the leading market players are entering into partnership, merger, sales agreement and acquisition with local manufacturers from emerging countries. FMI in its report titled “Optical Coherence Tomography Market: Global Industry Analysis and Opportunity Assessment, 2017–2027” has profiled leading market players such as Leica Microsystems (Sub. Danaher), Optovue Inc., Carl Zeiss Meditec AG, Santec Corporation, Heidelberg Engineering GmbH, OPTOPOL Technology Sp. z o.o. (Sub. Canon Inc.), Topcon Corporation, Michelson Diagnostics Ltd, Tomophase Inc., Moptim Imaging Technique, NIDEK CO., LTD., Sonostar Technologies Co., Limited.

Additional Highlights of the Report Include:

• Preference for spectral domain-OCT is projected to remain relatively higher as compared to other types of OCT throughout the forecast period.
• Application of OCT in ophthalmology is expected to bring in US$ 983.4 Mn in revenues towards the end of 2027.
• Based on end users, hospitals are estimated to account for more than 39% market share over the assessment period.

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Among regions, North America is expected to hold the largest share of the market during the forecast period. By 2017-end, the region’s market is expected to reach a valuation of US$ 232.2 Mn. Meanwhile, the OCT market in Asia-Pacific excluding Japan is expected to witness the highest growth over 2027. Owing to this, a number of leading market players such as Carl Zeiss Meditec AG, Topcon Corporation and Heidelberg Engineering GmbH are increasing their penetration in some of the key countries in the region, especially in China with their high-quality product types and services.

Digital Printing for Packaging Market Expand at the Fastest CAGR of 6% During the Forecast Period 2019 – 2029

Future Market Insights delivers vital insights on the digital printing for packaging market, in its published report, which includes global industry analysis 2014-2018 and opportunity assessment 2019-2029. In terms of revenue, the global digital printing for packaging market is projected to expand at a CAGR of ~6% during the forecast period, owing to numerous factors, regarding which, FMI offers thorough insights and forecasts in this report.

Quicker Turnaround Compelling Adoption

Digital printing for packaging is a type of printing technology, which predominantly prints packaging materials by using electronic control laser and ink jet printers. Digital printing for packaging also reduces turnaround time as it requires minimal press setup. Furthermore, digital printing for packaging provides quicker response time for printing as compared to the conventional printing technique. Application of digital printing technology for short print runs with customized marketing communication in packaging, offers benefits to print service providers and packaging converters in the form of controlled inventory levels. This makes digital printing for packaging desirable for high-quality graphic packaging applications.

The global digital printing for packaging market has been segmented on the basis of print technology type, product type, and end use. The global digital printing for packaging market is anticipated to expand 2x in terms of volume by the end of 2029.

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Europe Being Touted as a Highly Profitable Market

North America holds more than 1/4th share of the global digital printing for packaging market, and is estimated to uphold its eminence in the global market. China is also one of the leading manufacturers of digital printing for packaging solutions and accounts for more than 10% of the global market. In the South Asia region, India has emerged as one of the key markets for digital printing for packaging. Owing to the presence of several unorganized players, the Asian digital printing for packaging market has developed as a competitive market and is anticipated to expand at a considerable rate during the forecast period.

Though a matured market, Europe represents a substantial incremental opportunity for the digital printing for packaging market. This can be attributed to the upsurge in demand for aesthetic printing solutions in the region. Label and tape manufacturers usually prefer short printing runs to digitally print packaging solutions. Furthermore, digitally printed folding cartons are widely used in several end-use industries such as food, beverages, personal care & cosmetics, etc., which is driving the growth of the digital printing for packaging market. In Europe, the UK is expected to witness high growth in the digital printing for packaging market, while Germany is anticipated to be prominent, in terms of market value share and incremental opportunity both, in the European market. The digital printing for packaging market is expected to benefit the most from the demand produced by label and tape applications.

In 2019, the U.S. is expected to be prominent in the North American digital printing for packaging market with more than 90% value share. Moreover, Canada is anticipated to witness growth of more than 5% in the North American digital printing for packaging market during the forecast period 2019-2029.

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Key market players that have been profiled in the report on the digital printing for packaging market include HP Inc., Landa Corporation Ltd, Xeikon N.V., Mondi Group, Eastman Kodak Company, Quad/Graphics, Inc., Reynders Label Printing, Tailored Label Packagings, Inc., DS Smith Plc, Creative Labels Inc., Traco Manufacturing, Inc., Thimm Group, Elanders, Ws Packaging Group, Inc., and Colordruck Baiersbron, among others. Several unorganized and regional market players are anticipated to contribute to the global digital printing for packaging market during 2019-2029.

Metallized Paper Market is Expected to Grow at a CAGR of 4% by the End of 2029

Future Market Insights delivers vital insights on the metallized paper market, in its published report titled, Metallized Paper Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029′. In terms of revenue, the global metallized paper market is projected to expand at a CAGR of ~4% during the period of assessment, owing to numerous factors of which FMI offers thorough insights and forecasts. The global metallized paper market is expected to expand 1.5x in terms of market volume by the end of 2029.

Firm Progression for Premium Brewing & Beverage Industry

Metallized paper offers elegant and protective properties to the packaging products. It is widely used in various applications such as, food, beverages, personal care, home care, chemicals, and banking. The extensive application of metallized paper is in labelling. Packaging and labelling for premium liquor & perfume are significantly growing in demand across the globe. The growth of premium spirit sector is expected to grow at steady pace, and anticipated to expand one-fourth to reach ~US$ 2.1 Bn by 2022.

Metallized paper could be an alternative to plastic-based packaging especially in labelling which is essential for branding of any product. Several stringent rules set by the regulatory bodies to slow down the usage of plastic in packaging will continue to fuel the growth of the metallized paper market. This move has also pushed the manufactures of packaging materials to increase their units’ capacity for the production of metallized paper at all the major regions of the world.

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Metallized paper is increasing in demand, due to its usage as a gift wrapping paper especially in developed countries of Europe and North America. The growth of metallized paper might be stunted to some extent, due to issues in its recyclability. Metallized paper is strenuous to recycle as it has multiple layer papers that are coated with two or more materials – representing a potential threat for the manufacturers.

Opportunities Abound in Asia Pacific

Geographically, Asia holds nearly two-fifth of the world’s metallized paper market and is expected to uphold the market growth, especially in East Asia. China and India are the major markets for metallized paper, and are expected to gain y-o-y growth in upcoming years. The demand for labelling followed by wraps/overwraps are expected to grow at a higher rate in the South Asia, thereby fuelling the market growth. However, adoption of metallized paper in food and beverages industry is anticipated to grow at a sluggish pace with lack of innovation in the sector.

• Metallized paper market in South Asian countries such as Indonesia and Malaysia are expected to grow at a higher rate in comparison with the other regions. Spain is anticipated to witness a higher growth in the metallized paper market, while Germany is anticipated to face an adverse growth due to a misbalance of metallized paper trade in the country.
• Oceania and MEA regions will together constitute one-tenth of the global market of metallized paper. Oceania is a developed market for metallized paper, and the growth is anticipated to remain steady in the upcoming years. East Africa has been witnessing persistent growth of more than 6% in its GDP from past 3 years consecutively, similarly the growth of metallized paper market in the region is expected to grow by ~6% of CAGR during the period of 2019-2029.
• Metallized paper market in North America is expected to show sluggish growth over the period of assessment, while the Latin American market is likely to witness consistent growth in upcoming years. The demand for food & personal care is expected to grow at its maximum in the year of 2024-2025, followed by labels and wraps. Northern Africa is expected to show the maximum CAGR among all the countries of MEA regions.

Strategic Move to Enhance the Production Efficiency

Leading manufacturers of metallized paper products are focusing more on research & development to win in the innovation game of developing speciality papers. A number of products offered by the key players are trademarked, registered, and are easily available at the global market. Companies have increased up to 60% of its production capacity, especially Verso Corporation, Avery Dennison, Fort Dearborn, and UPM Raflatac. Further, Nissha co. Ltd. has expanded its business operations based on industries, solutions, and product list, which helped the company to build diversified portfolio to increase overall revenue and market presence. Sysco Industries Limited is equipped with latest and technically advanced machinery to meet the efficiency in production of metallized paper, while Ulfex Ltd. has huge manufacturing capacity built up at strategic locations around the world.

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Vacmet India Ltd,  Pg Paper Company Ltd., Uflex, UPM-Kymmene Oyj, Glatfelter, Lecta SA Polyplex Corp. Ltd are some organized manufacturers of metallized paper. There are many regional companies who are expected to add their contribution to the global metallized paper market during the period of 2019-2029.

Silk protein Market is Expected to Register Highest CAGR of 6% During the Forecast Period 2019 – 2029

According to a new study by Future Market Insights, the sale of silk protein is expected to reach ~ US$ 950 Mn in 2019. The rise in the demand for silk protein is due to various factors such as growing inclination towards personal grooming and increasing usage of natural ingredients in skincare products. Silk protein, due to the immense skin benefits, continues to find increasing application in skincare industry, while manufacturers are focusing on identifying and leveraging white spaces in its application, especially in eye care and toiletries.

Silk protein is a natural product made by silkworm. It consists of two proteins- fibroin and sericin; the sticky nature of sericin makes it easier to be used in numerous applications. According to FMI’s analysis, the emergence of green and clean beauty trends among today’s consumers have brought significant changes in the cosmetics and personal care industry, including a notable rise in the use of natural ingredients. The result is likely to lead to surge in the demand for silk protein.

The silk protein market is mainly segmented on the basis of form, product and applications:

Form: The powder form of silk protein continues to garner relatively high traction as compared to its oil, on the account of convenience and ease of storage and transportation. However, in recent years, the silk protein oil has been finding numerous application in haircare and skincare products, which may help exceed the sales of its powdered counterparts in the years ahead.

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Product: Silk protein consists of – sericin and fibroin. Although fibroin continue to account for higher sales, manufacturers are focusing on increasing the production of sericin for its sticky nature and numerous beneficial effects, which will help them capitalize on ever-rising demand for natural ingredients in cosmetics & personal care products.

Application: Silk protein finds increasing application in skincare, haircare, eye care, toiletry, lip care, color cosmetics, and pharma & nutraceutical products. The consumption of silk protein by the pharma & nutraceutical industry is expected to grow with a CAGR of ~9% during the forecasted period. The demand for natural products in the nutraceutical industry is growing tremendously, owing to its reduced side-effects, thereby potentially raising the demand for silk protein.

Bioengineered Silk Proteins to Control Cell and Tissue Function

The fibrous part of silk protein is used as a biomedical material, over which cell and tissue formation are been done. The cells which are not able to proliferate on their own, are proliferated in labs with the use of fibrous proteins, where cell adhesion, proliferation, and differentiation can be performed. Silk protein also supports the regeneration of tissues. This application of silk protein is very niche and is still in its R&D phase, but is showing positive signs. These above mentioned factors support the use of silk proteins in the healthcare sector, and can be included to treat patients suffering from cell division problems.

Application of Silk Protein in Hair Care Industry to Propel the Market Growth

The most trending fashion in today’s era is permanent smoothening or straightening of hair, and is made possible with the help of sericin a protein present in the silk. It helps to change the inherited pattern of hair to smoothen and straighten. Silk protein is used as an ingredient in shampoo and conditioner to provide silky, smooth hair. It is also associated with increasing the volume of hair and preventing its breakage. Realizing the benefits, a number of haircare product manufacturers are adding silk proteins in their products to ensure smooth and damage-free hair for the consumers. Further, the U.V. protectant property of sericin helps protect hair against the damage from U.V. rays and its antibacterial and antimicrobial properties help the scalp to remain free from dandruff.

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This study by FMI offers insights into the silk protein market for the forecast period of 2019-2029. The silk protein market is projected to record a CAGR of ~ 6% over the predefined timeframe. The silk protein market sales will increase owing to its wide applications in skin and hair care industry.