Probiotics Market Top Players, Segments, Cost Structure, Demand, Sales | 2028 Forecast

 Probiotics Market Growth & Trends

The global probiotics market size is expected to reach USD 95.25 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 7.2% from 2021 to 2028. Increasing prominence of preventive healthcare is among the major driving factors propelling the demand for probiotics across the globe. The considerable production and consumption of probiotics are complemented by innovations in probiotics by key players, most notably in countries such as China, Japan, and India.

Following the growing demand for probiotics, key market participants have been investing in R&D activities to develop efficient probiotic strains. The probiotics industry has also witnessed advancements in delivery systems to enhance the delivery of probiotics in humans and animals Such developments are expected to emerge as a trend in the industry over the forecast period. In developed countries such as the U.S., probiotics are sold mainly in the form of dietary supplements. The demand for probiotic nutritional supplements has been spurred by the growing aging population and increased consumer interest in preventive healthcare.

Market players have introduced new products supplemented with probiotics in addition to other dietary supplements. Probiotic supplements containing different probiotic strains are available in various forms such as probiotics drops, tablets, and capsules. Manufacturers of private label and branded products are likely to continue to extend their product lines in probiotic product categories. The growing product lines and diversification in the same are intended to make manufacturers capable of catering to diverse demand trends across the globe. The same factor is prompting retail channels to increase their production volume in accordance with changing consumer tastes and preferences. Such trends are expected to benefit the growth of probiotics market.

Asia Pacific dominated the probiotics industry in 2018 with a share of 41.7%. The region is expected to retain its prominent position throughout the forecast period. In the last decade, the region has garnered a significant response when it comes to adoption of probiotics. This is attributable to the rings levels of health consciousness coupled with wider accessibility of probiotic products in this region. Another key observation in Asia Pacific with regard to consumption of probiotics is the growing popularity of vegetarian probiotic products owing to a healthy increase in consumer vegetarianism.

The Asia Pacific probiotics market has also witnessed new launches/product innovations by prominent market participants over the years. For instance, in February 2018, Yakult Danone introduced signature probiotic drinks in a new version in India. The product contained new formulations including Vitamin D & E along with Lactobacillus casei strain Shirota (LcS). Such developments are expected surge in the region over the forecast period owing to the presence of a large consumer base.

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Probiotics Market Report Highlights

• In terms of product type, probiotic beverages emerged as the largest segment in 2018 with a revenue of USD 39.56 billion. Cereal-based fermented beverages with probiotic content are being consumed extensively across the globe, thereby favoring the growth of the segment.
• In terms of ingredient, bacteria segment is expected to dominate the market throughout the forecast period. The growth of the segment is driven by the increasing employment of bacteria to maintain urogenital health/ vaginal health.
• In terms of end use, animal probiotic segment is expected to register relatively faster growth of over 7% over the forecast period. Increasing focus on enhancement of animal health has been fueling the demand for probiotics for animal nutrition.
• Asia Pacific is expected to be both the largest and the fastest-growing regional segment over the forecast period. New prebiotic launches, innovations in probiotic delivery systems and the presence of key players have laid the platform for a healthy and strong growth of the region over the forecast period.
• The probiotic industry is subject to intense rivalry among prominent market players. Product innovation, mergers & acquisitions, and portfolio expansion are some of the key strategies deployed by the key players.
• Some of the key market players are Arla Foods, Inc.., BioGaia AB, Danone, Chr. Hansen Holding A/S, General Mills, Inc., Danisco A/S and Lallemand Inc.

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Probiotics Market Segmentation

Grand View Research has segmented the global probiotics market on the basis of product, ingredient, end use, distribution channel and region.

Probiotics Product Outlook (Revenue, USD Million, 2017 - 2028)

• Probiotic Food & Beverages
  • Dairy
  • Non-dairy
  • Cereals
  • Baked Food
  • Fermented Meat
  • Dry Food
• Probiotic Dietary Supplements
  • Food Supplements
  • Nutritional Supplements
  • Specialty Nutrients
  • Infant Formula
• Animal Feed Probiotics

Probiotics Ingredient Outlook (Revenue, USD Million, 2017 - 2028)

• Bacteria
• Yeast

Probiotics End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Human Probiotics
• Animal Probiotics

Probiotics Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

• Hypermarkets/Supermarkets
• Pharmacies/Drug stores
• Specialty Stores
• Online Stores

Probiotics Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

List of Key Players of Probiotics Market

• Arla Foods, Inc.
• BioGaia AB
• Hansen Holding A/S
• Danone
• Danisco A/S
• General Mills, Inc.
• i-Health, Inc.
• Lallemand, Inc.
• Lifeway Foods, Inc.
• Mother Dairy Fruit & Vegetable Pvt. Ltd.
• Kerry
• Nestle S.A.
• Probi
• Yakult Honsha Co., Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Window Film Market Set to Witness an Uptick during the Forecast Period: Grand View Research Inc.

 

Window Film Market Growth & Trends

The global window film market size is expected to reach USD 14.97 billion by 2028, according to a new report by Grand View Research, Inc., registering at a CAGR of 5.1% over the forecast period. The rapidly growing global construction industry is expected to drive the demand for window films. The construction sectors in emerging economies are expected to grow faster than in developed economies. Middle East & Africa is expected to witness significant growth owing to increasing investments in infrastructure and economic development.

Amid the global Covid-19 pandemic, the ongoing construction projects have stalled for a short period of time. Before the pandemic, countries, such as China, India, Indonesia, Malaysia, Thailand, Vietnam, and Brazil, witnessed increased construction activities owing to rapid urbanization and increasing disposable income. Rising awareness, increasing demand for sustainable infrastructure, and increasing construction spending by the governments in these economies are expected to have a positive impact on the market growth over the forecast period.

On account of diversifying the economy of Saudi Arabia from an oil-based economy to a tourism-based economy, the government of Saudi Arabia is investing heavily in infrastructure development and the concept of green building is also gaining popularity, which, in turn, will drive the product demand in Saudi Arabia.

Decorative window film is anticipated to progress at a substantial growth rate over the forecast period. Decorative window films enhance the look of the windows. They help reduce energy costs, eliminate window glare, prevent the fading of carpets & furniture, and add aesthetic values to the buildings. They are widely used in residential and commercial applications, such as conference rooms, offices, curtain wall glass, hallways, and stairways.

Increasing product usage in residential applications, such as bathrooms, entry doors, solariums, and sidelights, and in commercial applications, such as restaurants, hotel foyers, conference rooms, banks, and office portioning, is expected to spur the market growth over the forecast period. Rising window tinting activities on existing windows and stringent regulations for developing green buildings are expected to drive product demand in residential applications.

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Window Film Market Report Highlights

• The global market was valued at USD 10.22 billion in 2020 and is estimated to grow at a CAGR of 5.1% from 2021 to 2028
• In terms of revenue, the sun control segment accounted for the largest revenue share of over 46% in 2020 and is expected to expand further at a prominent CAGR over the forecast period
• The automotive application segment dominated the global market and accounted for more than 35% of the overall revenue share in 2020
• North America was the dominant regional market in 2020 and accounted for a revenue share of more than 32%
• The regional growth can be credited to the high product demand from the automotive, marine, residential and commercial application segments
• Various strategic initiatives were recorded over the past few years to boost the growth of the market
• For instance, in August 2019, Madico, Inc. announced a new distribution company named Madico Canada for the distribution of window films in Canada. The new entity was formed by the acquisition of Courage Distributing, Inc. and Window Film Systems, which were the Canadian distributors of window films and have distribution centers in British Columbia, Oakville, Richmond, and Ontario

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Window Film Market Segmentation

Grand View Research has segmented the global window film market report on the basis of product, application, and region:

Window Film Product Outlook (Volume, Thousand Sq. Meter; Revenue, USD Million, 2016 - 2028)

• Sun Control
• Decorative
• Security & Safety
• Privacy

Window Film Application Outlook (Volume, Thousand Sq. Meter; Revenue, USD Million, 2016 - 2028)

• Automotive
• Residential
• Commercial
• Marine
• Others

Window Film Regional Outlook (Volume, Thousand Sq. Meter; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • Venezuela
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Africa

List of Key Players of Window Film Market

• 3M
• Eastman Chemical Company
• Saint-Gobain Performance Plastics Corp. (Solar Gard)
• Madico, Inc.
• Toray Plastics (America), Inc.
• Hanita Coatings RCA Ltd. (Avery Dennison Israel Ltd.)
• Garware Suncontrol

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Gas Turbine Market to Reflect Impressive Expansion During 2021 to 2028: Grand View Research Inc.

 Gas Turbine Market Growth & Trends

The global gas turbine market size is projected to reach USD 35.02 billion by 2028, registering a CAGR of 6.8% over the forecast period, according to a new report by Grand View Research, Inc. Supportive policies majorly determine the increasing demand for gas turbines in developing markets, such as Combined Heat and Power (CHP) support scheme executed by Germany. The growing urbanization is triggering the development in the building & construction as well as cement sectors.

The projected growth in end-user industries is estimated to trigger the growth of the overall market. Key Original Equipment Manufacturers (OEMs), including Siemens Energy and General Electric, are expanding their distribution, operations, and after-sales facilities worldwide to boost the >200 MW capacity segment over the projected period. The power & utility segment is projected to experience growth in demand owing to the rising need for electricity across the globe.

Furthermore, most of the major countries worldwide are expected to switch to gas-based power generation from coal-based power generation due to a rise in environmental concerns. High energy loss resulting in lower efficiencies is expected to be a major factor affecting the growth of the open cycle technology segment. Even though these systems require less space, unfavorable environmental conditions significantly affect their component efficiency, thus lowering the overall system efficiency compared to combined-cycle units.

However, open cycle technologies are being preferred by some industrial end-users, so a rise in industrial activities in the forecast period will boost the growth of open cycle technology in the forecast period. The rising population is a major factor significantly impacting the power generation market in the Europe region. Growth in population and GDP are projected to attract various end-use industry players looking to expand their consumer base.

The major end users for gas turbines in Europe include power generation, oil & gas, mobility, petrochemicals, food processing, and pulp & paper. The market in Europe is likely to observe slow growth owing to factors, such as stalled industrial output affected by the Covid-19 pandemic, the debt crisis, and growing unemployment. However, a positive outlook across Eastern Europe, in terms of consumerism and manufacturing, is expected to drive the market in the future.

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Gas Turbine Market Report Highlights

• In 2020, the power & utility emerged as the largest application segment and accounted for over 85% share of the global revenue
• Increasing investments and new installations are resulting in the rising share of distributed power in the global energy mix hence propelling the market growth
• The >200 MW capacity segment is poised to register the fastest CAGR of over 7% from 2021 to 2028, owing to the growing electricity generation activities across the world
• In 2020, the open cycle application segment accounted for the highest revenue share of the overall market
• Saudi Arabia is among the major end users in the MEA region due to the strong presence of gas turbine providers in the country, which are working on enhancing their market share

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Gas Turbine Market Segmentation

Grand View Research has segmented the global gas turbine market on the basis of capacity, technology, end-use, and region:

Gas Turbine Capacity Outlook (Volume, MW; Revenue, USD Million, 2016 - 2028)

• ≤200 MW
• >200 MW

Gas Turbine Technology Outlook (Volume, MW; Revenue, USD Million, 2016 - 2028)

• Open Cycle
• Combined Cycle

Gas Turbine End-use Outlook (Volume, MW; Revenue, USD Million, 2016 - 2028)

• Power & Utility
• Industrial

Gas Turbine Regional Outlook (Volume, MW; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
• Middle East & Africa 
  • Saudi Arabia
  • Egypt

List of Key Players of Gas Turbine Market

• General Electric
• Siemens Energy
• Mitsubishi Power, Ltd.
• Kawasaki Heavy Industries, Ltd.
• Ansaldo Energia
• Bharat Heavy Electricals Ltd.
• MAN Energy Solutions

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Global Medical Plastics Market Outlook & Future Forecast Report Till 2028

 Medical Plastics Market Growth & Trends

The global medical plastics market size is expected to reach USD 48.3 billion by 2028, growing at a CAGR of 7.5% over the forecast period, according to a new report by Grand View Research, Inc. Robust growth in the medical industry coupled with rising healthcare expenditure across the world are anticipated to drive the global market over the forecast period. The market is expected to register significant growth owing to the high adoption of plastics for implants on account of their chemical inertness and superior fatigue resistance.

Asia Pacific region is expected to progress at the fastest CAGR of 8.5% over the forecast period on account of the rising consumer expenditure on healthcare. In addition, the low cost of medical procedures in the region makes it a favorable destination for medical tourism, thereby leading to an increase in the demand for medical devices. Furthermore, the recent outbreak of COVID-19 in countries, such as China, India, Japan, Australia, and Indonesia, has created a huge product demand from applications such as testing equipment, medical bags, gloves, masks, ventilators, syringes, surgical drapes, and Personal Protective Equipment (PPE). Thus, the rising cases of COVID-19 in the region are projected to substantially drive market growth.

The medical components application segment accounted for the highest revenue share in 2020 on account of the high consumption of superior-grade plastics in the production of catheters, syringes, containers, and surgical equipment. The requirement for easier sterilization coupled with the need for lightweight and high-strength products is expected to propel the product demand in the aforementioned applications. The medical device packaging segment is projected to witness significant growth over the forecast period. Rising cases of chronic diseases owing to the growing geriatric population are estimated to drive the demand for portable, lightweight, and compact medical devices, thereby supporting market growth. The enhanced mechanical and thermal properties offered by PVC as compared to traditional materials, such as metals and glass, are anticipated to open up new avenues for market growth.

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Medical Plastics Market Report Highlights

• In terms of revenue, North America dominated the overall market in 2020 and is projected to retain its dominance expanding at a steady CAGR during the forecast period
• The companies in this market are involved in the production of premium-quality plastic composites used for specialized applications to achieve a high degree of product differentiation
• Various strategic initiatives were recorded over the past few years to boost the growth of the market
• For instance, in April 2020, Exxon Mobil Corp. announced to increase the monthly production of specialized Polypropylene (PP) by 1,000 tons to meet the growing demand for medical masks and gowns owing to the spread of the coronavirus
• This surge in the production of PP is expected to help medical masks and gown manufacturers to produce an additional 20 million gowns or 200 million medical masks

Access Press Release@ https://www.grandviewresearch.com/press-release/global-medical-plastics-market

Medical Plastics Market Segmentation

Grand View Research has segmented the global medical plastics market on the basis of application and region:

Medical Plastic Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Medical Device Packaging
• Medical Components
• Orthopedic Implant Packaging
• Orthopedic Soft Goods
• Wound Care
• Cleanroom Supplies
• BioPharm Devices
• Mobility Aids
• Sterilization & Infection Prevention
• Tooth Implants
• Denture Base Material
• Other Implants
• Others

Medical Plastic Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • Italy
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

List of Key Players of Medical Plastics Market

• Rochling Group
• Nolato AB
• GW Plastics, Inc.
• Saint-Gobain Performance Plastics
• SABIC
• Eastman Chemical Company
• Celanese Corporation
• Dow, Inc.
• Solvay S.A.
• Trelleborg Sealing Solutions
• Trinseo S.A.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Pharmaceutical Glass Packaging Market Pegged For Strong Growth During 2021-2028: Grand View Research Inc.

 Pharmaceutical Glass Packaging Market Growth & Trends

The global pharmaceutical glass packaging market size is expected to reach USD 7.46 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.8% from 2021 to 2028. The demand for pharmaceutical glass packaging is projected to be driven by the growth of the pharmaceutical industry in emerging economies, especially in the Asia Pacific region.

The cost sensitivity in the healthcare sector and the growing significance of biotech drugs have resulted in the establishment of stringent regulations related to drug delivery products. Many pharmaceutical drugs manufacturing companies are focused on increasing the shelf life of a drug and are therefore making investments in the research and development of glass vials. The newly developed products are expected to aid the growth of glass vials due to the expansive number of applications.

The generic drug type segment is expected to witness the fastest growth in terms of revenue as well as volume over the forecast period. This is due to the significant increase in the volume of generics in the country, which is estimated to face a rapid change in the market dynamics primarily due to the increased competitive intensity and customer consolidation.

Glass packaging is highly preferred in the pharmaceutical industry as it is easy to sterilize with heat and does not react with most of the drugs and medicines being chemically inert. The colored glass packaging can protect the medicines from different wavelengths, including UV rays of the sun. Additionally, glass is easily available all over the world and can be recycled, which has made it an ideal material for the packaging of pharmaceutical products.

The market in North America is expected to witness steady growth in the years to come on account of global key players present in the region. With the rising volume of generic drugs, glass packaging has been increasingly adopted owing to the preexisting established supply chain. The recent outbreak of COVID-19 has positively impacted the market growth due to the growing use of pharmaceutical glass packaging in the packaging of immunity-boosting drugs.

Companies in the pharmaceutical glass packaging industry have been trying to improve product strength to reduce breakage during the filling of vials. In September 2019, Corning Inc. got approval from the FDA to market its Corning Valor Glass, which enables superior chemical durability and improves resistance to breakage, damage, and particulate contamination.

For instance, Gerresheimer AG, a key German-based pharma glass packaging manufacturer, has developed a metal-free 1 ml Gx RTF long Luer Lock syringe. This particular syringe uses a new technology in which the pin used to shape the cone is made of a special ceramic material instead of the conventional tungsten or alternative metal.

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Pharmaceutical Glass Packaging Market Report Highlights

• In terms of revenue, the generic drug type segment led the market and accounted for a 71.2% share in 2020. Distrust in the quality of unbranded generic medicines by physicians/patients, high out-of-pocket patient spending for drug purchases, and insufficient government promotion of unbranded generics are likely to promote the use of branded generic drugs over the coming years
• The ampoules product segment accounted for the largest volume share of 74.7% in 2020. Glass ampoules have been widely used in packaging injection drugs. Ampoules are one of the most used glass-based primary packaging for injectables, and their growth is clearly being seen in the cost-sensitive markets of emerging nations
• Glass delamination has been a growing concern and has been emphasized by the FDA for better compatibility testing of containers and drugs. The development of glass vials by pharma packaging manufacturers that reduce the chances of delamination and breakage is estimated to result in the continuation of the trend of glass vials occupying a major market share over the coming years

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Pharmaceutical Glass Packaging Market Segmentation

Grand View Research has segmented the global pharmaceutical glass packaging market on the basis of product, drug type, and region:

Pharmaceutical Glass Packaging Product Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2028)

• Vials
  • Small Vials
  • Large Vials
• Bottles
  • Small Bottles
  • Large Bottles
• Cartridges & Syringes
• Ampoules

Pharmaceutical Glass Packaging Drug Type Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2028)

• Generic
• Branded
• Biologic

Pharmaceutical Glass Packaging Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa (MEA)
  • Saudi Arabia

List of Key Players of Pharmaceutical Glass Packaging Market

• Corning Incorporated
• Nipro Corporation
• SGD S.A.
• Stölzle-Oberglas GmbH
• Bormioli Pharma S.r.l
• West Pharmaceutical Services, Inc.
• Schott AG
• Gerresheimer AG
• Shandong Medicinal Glass Co., Ltd.
• Beatson Clark
• Ardagh Group S.A.
• Arab Pharmaceutical Glass Co.
• Piramal Enterprises Ltd.
• Şişecam Group
• Owens-Illinois, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Fresh Food Packaging Market to Reap Excessive Revenues By 2028

 Fresh Food Packaging Market Growth & Trends

The global fresh food packaging market size is expected to reach USD 181.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.0% from 2021 to 2028. Increasing demand for fresh dairy products from developing countries is expected to be the key driver for the market over the forecast period.

The industry has experienced a significant impact of the COVID-19 pandemic owing to the disruption of the supply chain. The shutdown in China, which is one of the key raw material producers, has impacted packaging manufacturers globally. The shortage in supply of raw materials like plastics, aluminum, steel, and others from Chinese manufacturers has resulted in a demand-supply gap, however, the manufacturing is expected to ramp up the production gradually.

The demand for packaging of fresh vegetables and fruits remained intact as the supply chain remained unaffected and imports continued during the COVID-19 pandemic. Specifically, the fruits and vegetables with high vitamin C content witnessed a significant increase in sales which further contributed to the increased supply-demand gap for the market.

The increasing demand for eco-friendly packaging solutions has forced various companies to develop products that are recyclable or biodegradable. For instance, in November 2020, Amcor plc introduced a new product line, Packpyrus, which is a paper-based packaging solution for meat and cheese. Similarly, in September 2019, PPC Flexible Packaging LLC launched PPC green products, which include compostable and recyclable pouches to strengthen its sustainable eco-friendly product portfolio

Major market players are constantly acquiring smaller market participants to increase their market shares in the global market. For instance, in February 2019, Sealed Air announced the acquisition of MGM’s flexible packaging business to increase its market presence and expand its food packaging product portfolio. Similarly, in June 2019, Amcor Plc acquired U.S.-based Bemis Company Inc., a manufacturer of flexible and rigid packaging, to increase its global reach.

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Fresh Food Packaging Market Report Highlights

• The flexible segment accounted for a significant revenue share of 47.6% in 2020. Manufacturers are actively investing in increasing the production capacity of flexible packaging owing to the increasing preference for economical and low-cost packaging by the application industry
• The plastic material segment accounted for the largest revenue share of 37.2% in 2020 and is expected to witness a CAGR of 4.7% over the forecast period. Abundant raw material availability and lower costs owing to high production levels in APAC and North America are responsible for the high market share
• The dairy products segment dominated the market in 2020 and is expected to witness a CAGR of 5.3% over the forecast period. Higher dependency on milk for daily protein requirement in developing countries is expected to drive the demand for dairy products, thereby driving the market
• In Asia Pacific, the market is estimated to witness the highest CAGR of 6.3% from 2021 to 2028. Abundant raw material availability and large output from application industries are responsible for the high market share and fastest growth
• Key companies are increasingly offering custom packaging solutions to end-use companies; besides key companies are increasingly focusing on the use of recycled material as it offers complete sustainability

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Fresh Food Packaging Market Segmentation

Grand View Research has segmented the global fresh food packaging market on the basis of packaging type, material, application, and region:

Fresh Food Packaging Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Rigid
  • Clamshells
  • Trays & Boxes
  • Others
• Flexible
  • Pouches & Bags
  • Wraps & Films

Fresh Food Packaging Material Outlook (Revenue, USD Billion, 2017 - 2028)

• Plastic
  • Polypropylene
  • Polyethylene
  • Polystyrene
  • Polyvinyl Chloride
  • Polyethylene Terephthalate
• Paper & Paper Board
• Bagasse
• Polylactic Acid
• Others

Fresh Food Packaging Application Outlook (Revenue, USD Billion, 2017 - 2028)

• Eggs, Meat, and Seafood
• Fruits and Vegetables
• Dairy Products

Fresh Food Packaging Regional Outlook (Revenue, USD Billion, 2017 - 2028)

• North America
  • US
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Norway
  • Sweden
  • Russia
  • Poland
  • Netherlands
  • Portugal
• Asia Pacific
  • India
  • China
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa

List of Key Players of Fresh Food Packaging Market

• Amcor plc
• DS Smith Plc
• Mondi
• Coveris
• FLAIR Flexible Packaging Corporation
• PPC Flexible Packaging LLC
• Flex-Pack
• Transcontinental Inc.
• FFP Packaging Ltd.
• Sealed Air
• GRUPO LANTERO
• INFIA srl
• Sonoco Products Company
• Huhtamaki
• CLONDALKIN GROUP
• Clifton Packaging Group Limited
• ProAmpac
• Genpak, LLC
• Pro-Pac Packaging Limited
• WINPAK LTD

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Nylon Market Size Is Predicted To Reach A Valuation Of USD 46.31 Billion By 2028: Grand View Research Inc.

 Nylon Market Growth & Trends

The global nylon market size is expected to reach USD 46.31 billion by 2028, according to a new report by Grand View Research, Inc., and is projected to expand at a CAGR of 5.8% over the forecast period. Increasing product demand from engineering plastics, textile, electrical & electronics, and automotive applications are driving the growth of the market. The electrical & electronics application segment is anticipated to progress at a substantial growth rate over the forecast period. This growth can be credited to the wide product usage in these applications including the production of tubes for cables and wirings, connectors, contactors, circuit breakers, and low voltage switch gears among others.

The electrical and electronics industry, unlike other industries, is expected to witness a mixed impact of the global pandemic. Apart from medical devices, electronic product companies that continued working during the lockdown, such as companies engaged in manufacturing remote monitoring electronic devices, witnessed an increase in demand for their products and services. However, disruption across the supply chain of electronic and electrical components from China has hit other electronics and electrical parts manufacturing industries by causing an acute shortage of products and parts coupled with the labor shortage, which is likely to limit the product demand in these industries.

The textile industry is expected to witness a short- to mid-term impact owing to the decline in apparel sales on account of closed malls and stores. However, the demand for face covers has grown significantly, which is expected to have a positive impact on the textile industry. Thus, the impact of the Covid-19 pandemic on textile, including nylon, is expected to be different in the short and long terms as compared to other industries.

The nylon 66 segment is projected to ascend at the fastest CAGR over of 6% during the forecast period due to the wide application scope of these products in the sports apparel industry where it is used to produce swimwear, sportswear, and cords for parachute and others. However, the rapidly increasing cases of Covid-19 have resulted in restricted camping and outdoor activities, which have negatively impacted the demand for sporting apparel, such as swimwear and sportswear, thus, restricting the segment growth. Moreover, nylon 66 is used in the manufacturing of friction bearings, radiator caps, and tire ropes. The manufacturing industry has been badly hit owing to the shortage of raw materials and labor across the globe, which is also expected to restrain the demand for nylon 66 in the foreseeable future.

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Nylon Market Report Highlights

• In terms of revenue, the nylon 6 product segment accounted for the highest revenue share in 2020 and is projected to expand further at a steady CAGR over the forecast period
• The automobile application segment dominated the global market and accounted for more than 36% of the overall revenue share in 2020
• Asia Pacific accounted for the highest revenue share in 2020 and will remain dominant even during the forecast period
• This growth is credited to the robust manufacturing base of automobiles, electronics & appliances industries in countries like China, India, South Korea, and Japan
• Various strategic initiatives were recorded by key players over the past few years. For instance, in March 2020, Domo Chemicals, a leading producer of high-quality engineering materials announced plans to invest USD 14.2 million in a new nylon plant in China

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Nylon Market Segmentation

Grand View Research has segmented the global nylon market on the basis of product, application, and region:

Nylon Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Nylon 6
• Nylon 66

Nylon Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Automobile
• Electrical & Electronics
• Engineering Plastics
• Textiles
• Others

Nylon Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • Germany
  • France
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
• Middle East & Africa

List of Key Players of Nylon Market

• BASF SE
• Lanxess AG
• Huntsman Corp.
• AdvanSix, Inc.
• Ube Industries Ltd.
• Domo Chemicals
• Toray Industries, Inc.
• Ashley Polymers, Inc.
• Ascend Performance Materials LLC
• Toyobo Co. Ltd.
• Goodfellow Group

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Silicone Market Insights Business Opportunities, Current Trends And Forecast 2028: Grand View Research Inc.

 Silicone Market Growth & Trends

The global silicone market size is anticipated to reach USD 19.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2021 to 2028. The rising demand for lightweight automotive materials to decrease the overall vehicle weight and fuel consumption is likely to drive the market over the forecast period. The rising importance of liquid silicone rubber as Liquid Injection Molding System (LIMS) materials in wire harness for inducing indispensable wiring system is also expected to drive the market. Furthermore, the growing demand for electroactive materials in the electrical industry will fuel market growth.

On the basis of end-use applications, the market is segmented into transportation, electronics, industrial processes, construction, consumer goods and personal care, energy, and healthcare sectors. The electronics segment is expected to witness a CAGR of 5.4% over the projected period. In the electronics industry, silicone is used in the form of greases, fluids, varnishes, rubbers, and oil in a broad range of applications such as for moisture-proofing of boards, modification of semiconductor encapsulating materials, and protecting the ends of heating element wires in Printed Circuit Boards (PCBs), semi-conductors, Electronic Control Units (ECUs), LED devices, and various ICT equipment. This, in turn, is attributed to propel market growth over the forecast period.

Moreover, silicone is biologically inert and is known for bio durability and biocompatibility owing to its inherent thermal and chemical stability, hydrophobicity, low surface tension, and resistance to sterilization methods. These favorable properties of silicone make it ideal for a wide range of healthcare applications. Silicone is majorly used in catheters, drains and shunts, orthopedics, blood-oxygenator, heart-bypass machines, heart valves, components in kidney dialysis, and aesthetic implants.

The rising disposable income of consumers and growing aging population coupled with an increasing number of initiatives taken by governments across the globe to provide basic healthcare facilities to their respective populations, particularly in emerging economies including China and India, is expected to augment the demand for silicone. A rising number of accidents is expected to drive the demand for bandages and cosmetic surgeries, which, in turn, is likely to have a positive impact on market growth.

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Silicone Market Report Highlights

• In North America, the market was valued at USD 3.1 billion in 2020 in terms of revenue and is estimated to witness a revenue-based CAGR of 3.9% from 2021 to 2028. The rising use of enhanced technology such as 4K Ultra HD and smart home is estimated to drive the market in the region over the forecast period
• The elastomers segment accounted for the prominent revenue share of 41.5% in 2020 and is estimated to maintain its ascendancy over the forecast period owing to rising demand for lightweight automobile vehicles
• The fluids segment is the second-largest product segment and is expected to expand at a healthy revenue-based CAGR of 4.2% over the forecast period owing to its properties like low surface tension, shear stability, and excellent thermos-oxidative resistance
• Fluctuating raw material prices of methanol is expected to pose a challenge for the market players to achieve economies of scale and profitability

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Silicone Market Segmentation

Grand View Research has segmented the global silicone market on the basis of product, end-use, and region:

Silicone Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Fluids
  • Straight Silicone Fluids
  • Modified Silicone Fluids
• Gels
• Resins
• Elastomers
  • High-Temperature Vulcanized (HTV)
  • Liquid Silicone Rubber (LSR)
  • Room Temperature Vulcanized (RTV)
  • Others
• Adhesives
• Emulsions

Silicone End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Electronics
• Transportation
• Construction
• Healthcare
• Personal Care and Consumer goods
• Energy
• Industrial Processes
• Others

Silicone Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Russia
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

List of Key Players of Silicone Market

• Shin-Etsu Chemical Co., Ltd.
• Wacker Chemie AG
• Evonik Industries AG
• Elkay Chemicals Pvt. Ltd.
• Supreme Silicones
• Dow Inc.
• KCC CORPORATION
• Elkem ASA
• Silchem Inc.
• Specialty Silicone Products, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Titanium Dioxide Market Size Projected to Rise Lucratively during 2021 to 2028: Grand View Research Inc.

 Titanium Dioxide Market Growth & Trends

The global titanium dioxide market size is expected to reach USD 32.41 billion by 2028, registering a CAGR of 8.9% over the forecast period, according to a new report by Grand View Research, Inc. The increasing application scope of the product as specialty coating materials in the automotive industry and photovoltaic systems is slated to drive the growth of the market during the forecast period.

The paints & coatings industry has been witnessing significant growth in recent years, mainly on account of the increasing consumption in key end-use verticals, including construction, automotive, aerospace, and energy & power. The growing product application scope as whitening pigments in paints & coatings is expected to have a positive impact on the titanium dioxide (TiO₂) market growth.

The growing awareness among consumers of emerging economies, such as the BRICS nations, regarding personal hygiene and care has led to considerable growth of the cosmetics industry. The growing consumption of the product as a UV filter and whitening agent in cosmetic goods is expected to drive the overall market during the forecast period.

The plastics vertical is expected to witness the highest growth rate over the forecast period, in terms of revenue. The performance attributes of the product, including weather ability, whiteness, opacity, and lacing resistance, play a major role in the quality and effectiveness of plastic commodities.

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Titanium Dioxide Market Report Highlights

• The market is mainly driven by the increasing application scope of the product in the plastics, paints & coatings, and cosmetics industry verticals
• The plastics segment accounted for a significant revenue share in 2020 and is expected to witness the highest growth rate of more than 9% over the forecast period
• The product demand in paints & coatings applications is expected to grow at a CAGR of 8.3% during the forecast period
• Asia Pacific was the largest regional market in 2020 due to the rapid growth of the application industries including paints & coatings, plastics, and cosmetics in key economies of the region
• The major industry players are investing heavily in R&D for the introduction of new cost-effective manufacturing techniques
• For instance, a joint venture was formed by Cristal and Toho Titanium Company Ltd. in January 2014, to produce titanium sponge at competitive costs and thereby introducing integration across the value chain

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Titanium Dioxide Market Segmentation

Grand View Research has segmented the global titanium dioxide market on the basis of application and region:

TiO₂ Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2028)

• Paints & Coatings
• Plastics
• Pulp & Paper
• Cosmetics
• Others

TiO₂ Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Sri Lanka
• Latin America
  • Brazil
• MEA
  • UAE

List of Key Players of Titanium Dioxide (TiO₂) Market

• Du Pont
• Tronox Ltd.
• The Chemours Company
• NL Industries, Inc.
• Huntsman Corp.
• Evonik Industries

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Lactoferrin Market Expectations Acme Prominent Development in Developed Regions, Details Gvr Study

 Lactoferrin Market Growth & Trends

The global lactoferrin market size is projected to reach USD 411.8 million by 2028, registering a revenue-based CAGR of 8.2% over the forecast period, according to a new report published by Grand View Research, Inc. Increasing incorporation of lactoferrin in various products ranges including infant food, food supplements, dietetic foods, alcoholic beverages, sports nutrition, and personal care and cosmetics should bolster lactoferrin market in the forecast timeframe, ascribed to strong health benefits.

Lactoferrin offers stimulating effects on immune system, prevents cell damage caused by aging, promotes culture of beneficial bacterial in the intestinal tract, and regulates viruses, bacteria and fungi along with being regulator to iron metabolism. Lactoferrin is found effective for the treatment of hepatitis C infection by inhibiting replication of the virus at intracellular level. Hence, strong applicability of lactoferrin in nutraceutical, pharmaceutical, and personal care industries is anticipated to drive demand during the forecast period.

Human colostrum has the highest lactoferrin concentration, followed by human milk and then by bovine milk. It is also readily found in human body secretions including nose, eyes, intestine, and respiratory tract. Lactoferrin can be used as a conjuncture of specific strains of friendly bacteria, together they are proven to boost immune function of the body, alert the white blood cells of the harmful microbes, and stabilize colonies of gut-friendly bacteria. Commercially, lactoferrin is commonly integrated with probiotics to achieve this.

Asia Pacific is expected to expand at a CAGR of over 7.5% during the forecast period. The lactoferrin market is projected to witness strong rise in demand, as the key market players continue adopting strategies to expand their presence in untapped economies of South East Asia. Countries including China, Japan, and Australia have experienced high awareness regarding the health benefits of lactoferrin, which is expected to bolster regional growth over the forecast period.

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Lactoferrin Market Report Highlights

• In terms of functions offered by lactoferrin, iron absorption segment accounted for the largest market share of over 29.0% in terms of revenue in 2019. This growth is expected to be supported by the growing incidences of iron deficiency and related disorders like anemia
• Lactoferrin helps in restricting growth of acne due to its antioxidant properties. It helps combat free radicals formed due to natural process of oxidation. These free radicals can damage the cells and tissues promoting inflammation and acne. Such factors are expected to drive the product demand in personal care and cosmetics
• Increasing investment in research, new product development, expansion of operation in developing nations, partnerships and collaboration with local players, and acquisition of small and medium-sized players are among the major operational strategies taken up by key participants to strengthen and sustain their market positions

Access Press Release@ https://www.grandviewresearch.com/press-release/global-lactoferrin-market

Lactoferrin Market Segmentation

Grand View Research has segmented the global lactoferrin market on the basis of function, application, and region:

Lactoferrin Function Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Iron Absorption
• Anti-inflammatory
• Intestinal Flora Protection
• Antibacterial
• Immune Cell Stimulation
• Antioxidant

Lactoferrin Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Food & Beverages
• Infant Formula
• Sports & Functional Foods
• Pharmaceuticals
• Personal Care Products
• Animal Feed

Lactoferrin Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa
  • UAE

List of Key Players of Lactoferrin Market

• Hilmar Cheese Company
• Pharming Group NV
• FrieslandCampina
• Synlait Milk Ltd.
• Ingredia SA
• MP Biomedicals
• Tatura Milk Industries Ltd.
• Glanbia plc
• APS BioGroup
• ProHealth
• Fonterra Cooperative Group Ltd.
• Farbest Brands
• InVitria
• Milei GmbH
• Ferrin-tech LLC

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.