CBD Gummies Market Will See Strong Expansion Through 2028: Grand View Research Inc.

 CBD Gummies Market Growth & Trends

The global CBD gummies market size is expected to reach USD 13.9 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 30.7% from 2021 to 2028. The exceptional medicinal properties without any harmful side effects are expected to be a major factor contributing to the growth of the market. The consumption of CBD (Cannabidiol) gummies to relieve anxiety, depression, pain, and inflammation, and to induce sleep is expected to boost the growth of the market.

The 2018 U.S. Farm Bill is considered to be one of the most supportive government policies for the promotion of CBD gummies and other CBD-based products in the U.S. The bill legalizes hemp and hemp-based products in the country and omits hemp from the definition of marijuana in section 102(16) of the Controlled Substances Act. As per this bill, the USDA will approve the states before harvesting for monitoring and production regulating purposes.

In addition to this, a few favorable changes in the overall regulations on hemp are promoting the supply of various CBD-based products in the U.S. market. For instance, under the 2018 Farm Bill, hemp has been removed from the Controlled Substances Act (CSA), which implies that cannabis plants and derivatives that constitute less than or equal to 0.3% dry weight THC are no longer controlled substances under federal law.

These aforementioned supportive policies are anticipated to boost the demand for CBD gummies in the U.S. market. The market, however, is still at a nascent stage and the products being launched are only in the countries where CBD-based edible products are legalized. Manufacturers are, however, expecting a significant shift in product positioning in the global market, with the hopes that CBD oil and gummies will become as common as fish oil or multivitamin gummies.

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CBD Gummies Market Report Highlights

• By concentration, the low concentrated CBD gummies held the largest share of 90.2% in 2020 and are expected to maintain their lead over the forecast period. First-time buyers of CBD gummies prefer low CBD content gummies ranging from 1 mg to 20 mg CBD per gummy
• High CBD concentrated gummies are projected to register the fastest CAGR of 34.7% from 2021 to 2028. The increasing awareness among consumers regarding the advantages of marijuana edibles for the treatment of sleep disorders is anticipated to fuel the segment growth in the near future
• The offline distribution channel was the largest segment with a share of 56.4% in 2020. The overall sales through offline channel dropped drastically owing to the closure of all the brick and mortar stores due to the pandemic across the globe
• North America held the largest share of 62.0% in 2020. In the U.S., the legalization of cannabis for medical and recreational purposes is among the top factors driving the market for CBD gummies

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CBD Gummies Market Segmentation

Grand View Research has segmented the global CBD gummies market on the basis of concentration, distribution channel, and region:

CBD Gummies Concentration Outlook (Revenue, USD Million, 2016 - 2028)

• High
• Low

CBD Gummies Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Online
• Offline

CBD Gummies Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• RoW
  • Australia

List of Key Players of CBD Gummies Market

• CV Sciences, Inc.
• Dixie Brands
• Reliva CBD
• Sunday Scaries
• Green Roads
• Medix CBD
• Hemp Bombs
• PureKana
• Diamond CBD
• Premium Jane

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 Incontinence And Ostomy Care Products Market is Estimated To Reach A Valuation of USD 23.0 Billion by 2028: Grand View Research Inc.

 Incontinence And Ostomy Care Products Market Growth & Trends 

The global incontinence and ostomy care products market size is anticipated to reach USD 23.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.1% from 2021 to 2028. The increasing incidence of colorectal cancer and urological diseases, such as Inflammatory Bowel Disease (IBD), urinary incontinence, and benign prostatic hyperplasia is anticipated to boost the market growth.

The growing risk of colorectal and urinary bladder cancer has increased the demand for ostomy care products. For instance, the American Cancer Society has reported that in 2019, the number of colorectal cases in the U.S. has increased to 101,420. This is expected to drive the growth of the market at a global level.

Increasing awareness initiatives by several market players to raise cognizance regarding these prosthetic medical devices globally is successfully breaking the stigma and taboo associated with the use of these products. For instance, Coloplast is a leading market player and has recently published Ostomy Life Study Review to raise awareness and improve the standard of ostomy care. This helps in effective patient care, building their confidence, and inspires them to live a quality life.

Moreover, the outbreak of COVID-19 has spurred the demand for incontinence products used in home settings. Since the majority of consumers are aged/seniors, there is a higher demand for these products. Restrictions on movement at international borders have created an opportunity for local players to enter the market and meet the unmet demands of the end-users. In November 2020, NorthShore Care Supply announced a free trial of 2 bags of adult diapers and a discount on all absorbents for ICU Nurses or other COVID first responders.

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Incontinence And Ostomy Care Products Market Report Highlights

• Based on type, the incontinence care products segment held the largest revenue share of around 74.9% in 2020. This can be attributed to the increasing cases of urological diseases, such as IBD, colon cancer, and bladder control problems
• The incontinence care products segment is further segmented into absorbents, incontinence bags, and others. Whereas, the ostomy care products segment is sub-divided into ostomy bags, deodorants, skin barriers, and irrigation products
• Europe dominated the market in 2020 with the largest revenue share of around 43.2%, owing to the increasing prevalence of urological diseases, supportive government policies, and increasing awareness programs

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Incontinence And Ostomy Care Products Market Segmentation

Grand View Research has segmented the global incontinence and ostomy care products market on the basis of type and region:

Incontinence & Ostomy Care Products Type Outlook (Revenue, USD Million, 2016 - 2028)

• Incontinence Care Products
  • Absorbents
  • Incontinence Bags
  • Others
• Ostomy Care Products
  • Ostomy Bags
    • Colostomy Bags
    • Ileostomy Bags
    • Urostomy Bags
  • Deodorants
  • Skin Barriers
  • Irrigation Products

Incontinence & Ostomy Care Products Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Incontinence And Ostomy Care Products Market

• Coloplast Corp.
• Essity (Svenska Cellulosa Aktiebolaget)
• KCWW (Kimberly-Clark Corporation)
• Braun Melsungen AG
• Hollister Incorporated
• Unicharm Corporation
• ConvaTec Group Plc
• Welland Medical Ltd.
• Domtar Corporation
• Salts Healthcare 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.

Honey Market Expected To Propel Industry Growth By 2028: Grand View Research Inc.

 Honey Market Growth & Trends

The global honey market size is expected to reach USD 17.34 billion by 2028 registering a CAGR of 8.2%, according to a new report by Grand View Research, Inc. Rising awareness about maintaining a healthy lifestyle is expected to be the key driver for the market growth over the forecast period. Honey has excellent nutritional and medicinal properties. It improves body immunity, helps in weight management, and prevents blood pressure issues. It is also a rich source of antioxidants and helps in healing burn wounds and scars. Due to such properties, it is widely used in various sectors apart from food & beverages, such as personal care & cosmetics and pharmaceuticals.

Europe was the largest regional market in 2020 and accounted for a revenue share of more than 34.0% in 2020. In January 2018, Altıparmak, a leading honey producer of Turkey, got funding from the European Bank for Reconstruction and Development (EBRD) of USD 4.98 million to develop and advance its value chain. Moreover, it is also used for the improvement of its production and innovation in Apitherapy.

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Honey Market Report Highlights

• The food & beverages application segment was the largest product segment in 2020 and accounted for a share of more than 70%
• However, the personal care & cosmetics application segment is estimated to register the fastest CAGR from 2021 to 2028
• The supermarket/hypermarket distribution channel segment led the market in 2020 and will retain its dominant position throughout the forecast period due to the increasing number of new stores across the globe
• The online segment is expected to register the fastest CAGR of over 8% from 2021 to 2028. The recent global pandemic has forced customers to start shopping through e-commerce, which, in turn, drives the segment growth
• Asia Pacific is expected to remain the fastest-growing regional market over the forecast period on account of the expansion of the food & beverage sector in countries including China, India, and Japan

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Honey Market Segmentation

Grand View Research has segmented the global honey market on the basis of application, distribution channel, and region:

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

• Food & Beverages
• Personal Care & Cosmetics
• Pharmaceutical

Honey Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2028)

• Convenience Stores
• Supermarket/Hypermarket
• Online

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

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

List of Key Players of Honey Market

• Beeyond the Hive
• Dabur India Ltd.
• Patanjali Ayurved
• Capilano Honey Ltd.
• Barkman Honey, LLC.
• New Zealand Honey Co.
• Oha Honey LP
• Bee Maid Honey Ltd.
• Streamland Biological Technology Ltd.
• Dutch Gold Honey, 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.

Glamping Market to Witness Exponential Growth by 2028: Grand View Research Inc.

 Glamping Market Growth & Trends

The global glamping market size is expected to reach USD 5.41 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 14.1% from 2021 to 2028. Some of the common factors influencing the consumers’ willingness to avail glamping stay include a preference for experience-oriented trips over fancy possessions and readiness to pay for luxurious travel. The availability of exotic and unconventional landscapes along with luxurious facilities is influencing young travelers to explore and invest in such services.

Furthermore, with the emergence of social media as a digital advertising platform, market players use it to promote their services. Many glamping service providers offer customized packages to suit consumer demand. This has also been a major factor driving the consumers’ willingness to avail of these services. For instance, Honey Glamping, based in New Zealand, offers mobile glamping services at any location in the Great Auckland area and also organizes festivals, staycations, and other occasions.

In the years 2018 and 2019, campsite guests across the country stayed over 125 million nights wherein camping reservations have grown about 34% on lastminute.com. As business for glamping has increased two-fold over the past two years, traditional camping revenue has dropped in the country. Over 1,000 traditional campsites have been closed over the past 20 years in France. The increasing need among consumers to witness new experiences in the country is expected to drive the market for glamping over the forecast period.

With no front desk staff, common areas, no restaurant or bar, and secluded cabins or tents, operators like Getaway, HipCamp, and Tentrr are perfectly positioned to capture this demand. For the glamping brands that do offer a higher level of service, EBITDA margins are still higher than hotel industry standards, reaching up to 50%.

The impact of Covid-19 on many traditional hospitality offerings, such as hotels and restaurants, whereas camping and glamping products have witnessed explosive demand due to their ability to provide socially distant, hygienic, and secluded breaks from the city. As per a report published by The PKF hotel experts group, Getaway observed a 400% increase in bookings when the Trump administration announced a Europe travel ban, and many outposts were close to sold out all summer. Collective Retreats bookings are up 10% in 2020 compared to the same week last year. The Dyrt, a camping trip planning website, has 400% more traffic in the summer of 2020 compared to 2019. Kampgrounds of America (KOA) reported that over the last year, 20% of their visitors are first-time campers with many of them choosing to ease into the outdoors world via cabins and RV’s. Wyoming State Parks saw a 160% increase from April to May 2020 compared to the running average of the previous five years. Pennsylvania State Parks have seen over one million more visitors so far in 2020 than they did in all of 2019. RV Share, a motorhome rental site, has reported a 1,600% increase in bookings nationwide since April 1st. Based on summer 2020 demand, adventure travel is expected to continue to rebound quickly, while in comparison, Tourism Economics expects overall U.S. travel market spending to recover to 2019 levels in 2024.

In terms of accommodation type, the cabins and pods segment held the largest share of 45.7% in 2020. Families prefer cabins as they are well equipped with all facilities, especially when they have two or more kids. Cabineering is a new glamping trend that is offered by numerous luxury properties. It gives adventure travelers the comfort of a home and the amenities of a luxury hotel amidst nature. In addition, cabins and pods offer various safety features, including locks and latches, which is a primary necessity among consumers nowadays. Sky Den, an outdoor-indoor treehouse situated in Northumberland Kielder Forest, and Ditchling Cabin, one of Canopy & Stars recent floating cabins in South Downs National Park, are witnessing a high number of bookings among the U.K. consumers.

The 18 - 32 years age group segment dominated the market with a revenue share of 44.6% in 2020. As per a report published by Kampgrounds of America, Inc., millennials and Generation Z alone accounted for 60% of the total leisure travelers in the American market for glamping. Moreover, the growing prominence of sole traveling among females is influencing the gender to opt for glamping. Moreover, among travelers who glamp comprises 20% of couples without children. Thus, a rising number of travelers of the younger generation with higher disposable income are driving the market for glamping.

Europe dominated the market with a revenue share of 34.9% in 2020. In the U.K. the number of glamping trips has doubled between the years 2015 and 2016, rising from about 160,000 trips to over 325,000. In the first 3 months of 2018, ‘Cool Camping’, which is a glamping holiday specialist company, reported a 50% rise in bookings as compared with the same period in 2017. Increasing awareness about the benefits of glamping among consumers, coupled with the unique experiences it offers, is expected to have a positive impact on the market growth over the forecast period.

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Glamping Market Report Highlights

• By accommodation type, cabins and pods are expected to witness the fastest growth over the forecast period owing to their growing preference among families as they are well equipped with all facilities and offer various safety features
• The 18-32 years age group segment dominated the market in 2020 and is expected to witness the fastest growth over the forecast period due to the growing trend of camping among this population
• North America is expected to expand at the fastest CAGR of 16.7% from 2021 to 2028

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Glamping Market Segmentation

Grand View Research has segmented the global glamping market on the basis of accommodation type, age group, and region:

Glamping Accommodation Type Outlook (Revenue, USD Million, 2016 - 2028)

• Cabins and Pods
• Tents
• Yurts
• Treehouses
• Others

Glamping Age Group Outlook (Revenue, USD Million, 2016 - 2028)

• 18 - 32 years
• 33 - 50 years
• 51 - 65 years
• Above 65 years

Glamping Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • Italy
  • UK.
• Asia Pacific
  • Australia
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of Glamping Market

• The Last Best Beef LLC
• Under Canvas
• Collective Retreats
• Tentrr
• Eco Retreats
• Baillie Lodges
• Nightfall Camp Pty Ltd.
• Tanja Lagoon Camp
• Wildman Wilderness Lodge
• Paper Bark Camp
• PurePods
• Getaway House, Inc.
• Hoshino Resorts Inc.
• AfriCamps Boutique Camping
• In2thewild Tiny Holidays

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.

Social Commerce: The Hottest Retail Trend

Companies are investing in technologies such as Artificial Intelligence (AI), chatbots, Machine Learning (ML), and Augmented Reality (AR) to improve customer experience. The growing ease of online buying is expected to be a prominent factor driving the social commerce market growth over the forecast period.

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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

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

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.