Sachet Packaging Market Is On Continuous Rise with Increasing Demand from Various End-Use Industries

 Today across the world, across industries, sachet packs are growing in popularity. These small packs, made by flexible packaging material on all four sides, are now the norm in the aviation and hospitality sectors. Billions of single-use sachets are sold every year, particularly in developing and emerging markets. Sachet packaging is extremely safe and efficient, and allow low-income consumers to buy small amounts of products. Sachet packaging is the flat three- or four-layer packing and is made of various materials such as aluminum, plastic, and paper. The sachet packaging market is witnessing robust growth due to increasing demand for packaging small quantities in various end-use industries such as personal care, cosmetics, food and beverages, pharmaceuticals, etc.

 

Sachets are widely used for demonstration purposes and advertising such as free distribution of product samples to create product awareness among consumers. With increasing inclination of companies towards product awareness, the demand for sachet packaging is also increasing. For instance, in February 2021, Toppan Printing collaborated with Unilever Japan on quality tests resulting in the adoption of mono-material flexible packaging for “Lux Luminique Sachet Set Limited Design.” Sachet packaging requires less packaging material and less storage space thereby, thus reduces the transportation cost. Sachets can be used for packaging of capsules, wipes, powders, liquids, among others.

Products such as mouth fresheners, cream, coffee, tea, sauces, lubricants, detergents, hair oil, and shampoos are packaged using sachet packaging. Thus, growth of the sachet packaging market is mainly driven by the increasing demand from various industry verticals as they are cheaper and also convenient in transportation. Moreover, sachet packaging is cost effective as it minimizes the product wastage. For instance, in March 2021, Danone announced the launch of the "first ever" formula milk in the United Kingdom to be sold in a pre-measured tab format. The new pre-measured tab format will be made available in packs of 24 sachets, with each sachet containing five tabs.

Moreover, the sachet packaging market is expected to witness robust growth in the Europe, North America, and the Asia Pacific due to increasing demand for sachet packaging from end-use industries, such as pharmaceuticals, cosmetic and personal care, and food and beverages. According to the Brand Equity Foundation (IBEF), the food and grocery market in India is the sixth largest in the world. However, the availability of alternatives, such as stick packaging and flexible packaging, is a major restraint for the sachet packaging market growth.

The Global Hydrate Inhibitors Market Is Witnessing Heavy Demand Owing To the Increasing Requirement of Natural Gas and Crude Oil

Hydrate Inhibitors are the chemical substance which serves to regulate the rate of dissolving of monosodium hydrate in natural gas. Their function is to inhibit hydrate formation during maturation. This is a gas that is formed during the drilling process when there is the presence of water. When this occurs, it results in the production of a high amount of ethylene and propane. Due to this reason, it is essential to reduce the formation of hydrates in crude oil by using inhibitors.

 

There has always been a constant demand for natural gas and crude oil in the world. Hydrate inhibitors help in reducing line blockages and hydrate plugs that form during hydrate formation. Hydrate inhibitors are also utilized where other methods such as active heating and insulated flow line do not work. Owing to all these features, there is a constant demand for better inhibitors in the global hydrate inhibitors market. For instance, according to International Energy Agency, in 2019, the demand for natural gas at a worldwide level increased by 1.5% when compared to the demand of 2018. This ever-increasing demand for natural gas and crude oil is resulting in better growth of the global hydrate inhibitors market. The growth of the global hydrate inhibitors market is also dependent on the consumption of natural gas as the inhibitors are used in preventing or reducing the hydrate formation of onshore and offshore production systems.

However, low oil prices and political instability can influence the global hydrate inhibitors market negatively. According to the Organization of the Petroleum Exporting Countries (OPEC), instability in political levels has negatively impacted the production of oil and gas in Latin America's Venezuela region and has resulted in a significant decrease in the production capacity.

In recent times, there have been increased exploration activities in North America, which has resulted in the formation of significant demand in the global hydrate inhibitors market. For instance, according to Drillinginfo, there are over 900,000 active oil and gas wells in the U.S. and more than 130,000 have been drilled in the last few years. Moreover, there is a high consumption rate of natural gas in the region which is also augmenting the growth of the global hydrate inhibitors market. The hydrate inhibitors market in the Asia Pacific is witnessing exception growth in the demand curve, owing to the demand for the inhibitors from regions such as Africa and the Middle East. According to the Energy Information Administration, India has one of the largest gas reserves on its east coast. Additionally, there are increasing government initiatives related to the new development and advancement of technology of hydrate inhibitors, which is creating propulsion in the global hydrate inhibitors market.

In-depth Report on Global Hydrate Inhibitors Market by Coherent Market Insights:

https://www.coherentmarketinsights.com/market-insight/hydrate-inhibitors-market-555

Edible Oils and Fats Market is Gaining Major Traction with Gujarat Cooperative Milk Marketing Federation launching a new range of edible oils under brand name JANMAY Farm Fresh

 

Cooking with edible oils and fats has been a part of human history since the earliest times. They have provided humankind with many health benefits, have been the source of essential oils, have been used for medicinal purposes, and have even been used for decoration. The demand for edible oils and fats has increased significantly in both developed and emerging economies. This is typically due to high consumption of bakery and confectionery and processed foods. Consumers from both developed and emerging economies are spending significantly on such products due to rising disposable income. According to the Organisation for Economic Co-operation and Development (OECD), in 2017, the gross adjusted disposable income in the U.S. was US$ 50,444 per capita increasing from US$ 45,960 per capita in 2014. Such factors seem to augment growth of the edible oils and fats market significantly. 

 

Cooking with vegetable oils or fats provides an environment that stimulates natural antioxidants, resulting in a reduction in oxidative stress caused by free radical molecules, oxygen radicals, and superoxide radicals. Cooking helps to destroy free radicals through an enhanced cellular oxidation process and reduced reactive oxygen species formation. The demand for biodiesel has been observed to be rising across the globe, which is derived from edible oils and fats. These edible oils are produced from sunflower, rapeseed, soybean, and palm. High usage of biodiesel can be an excellent solution for food versus fuel issues. Such factors can accelerate growth of the edible oils and fats market in the near future. That being said, consumers across the globe are becoming health conscious and hence are preferring trans-fats instead of conventional oils and fats. Moreover, there are stringent policies regarding oil products, which could hamper growth of the edible oils and fats market.

Recently, in July 2020, Gujarat Cooperative Milk Marketing Federation (GCMMF) launched a new range of edible oils under the brand name JANMAY Farm Fresh.

Cooking with vegetable oils or fats also provides an environment that stimulates lips and increases collagenase and elastase synthesis. The increase in collagenase and elastase synthesis results in a reduction of wrinkles and a general tightening of the skin. However, emerging regions such as Asia Pacific have registered high demand for edible oils and fats in the recent past. This due to the fact that high population growth and rising disposable income in China and India. The popularity of low-calorie oil is also increasing, which could boost regional edible oils and fats market growth. In terms of developed regions, Europe seems to be exhibiting significant demand for edible oils and fats. There is high consumption of the Mediterranean diet, which requires edible oils and fats.

The Global Caps and Closures Market To Achieve Propulsion Owing To the Demand from Pharmaceutical, Food & Beverages, and Other High-End Industries

 

Caps and closures are not just used for holding liquids or foods, but they can also be used to store other objects, raw meat, fish, and other ingredients. However, different types of caps and closures have different functions, and each has its specifications, sizes, shapes, etc. First, individuals have to determine the type of jars or bottles that they are going to use for storing their supplies. Different types of containers have different uses, and different caps and closures. Individuals who want to buy a lot of jars to store raw materials at one time should look for jars with airtight caps and closures, meant for storing the ingredients. Some specialty jars have different types of caps and closures.

 

Recently, the demand for beverages in the international market has increase and as a result, has created significant demand in the caps and closures market. For instance, according to a report by PepsiCo, in 2019, consumers have purchased more than US$ 18 billion worth of Pepsi. Moreover, various high-end industries such as pharmaceutical and food and beverages industries, use caps and closures daily to keep the products intact and safe from outside germs and dust. Caps and closures even provide extended shelf life for medicines, beverages, and foods, which has resulted in propulsion in the global caps and closures market.

However, since the maximum of these caps and closures are made of non-eco-friendly materials, they pose a threat to the environment if not recycled or discarded properly, which is affecting the global caps and closures market negatively. International authoritarian bodies have introduced stringent environmental policies and laws related to the usage of non-biodegradable materials. Moreover, many regions have increased restrictions related to the disposal of landfills. All these factors are working against the growth of the global caps and closures market.

The food and beverage market in the Asia Pacific region is expanding every day, owing to increased consumer demands, which is affecting the caps and closures market in the region positively. For instance, according to the India Brand Equity Foundation, in 2020, the food and retail industry of India generated a revenue of approximately US$ 890 billion. Moreover, the production cost is low in the region and is creating more opportunities in the caps and closures market. In North America, there is a huge demand for packaged foods and carbonated drinks, which is augmenting the growth of the caps and closures market in the region. Following the high requirements, there have been multiple industrial developments in the caps and closures market. For instance, in April 2019, TriMAs Corporation, acquired Taplas, a container, closure, and dispenser manufacturer based in Italy.

In-depth Report on Global Caps and Closures Market by Coherent Market Insights:

https://www.coherentmarketinsights.com/ongoing-insight/caps-and-closures-market-726

Aluminum casting market is gaining rapid traction with Vedanta Limited introducing aluminum cylinder head alloy for cylinder heads and other automotive components

Aluminum Casting is a process of combining metal and melting the alloy in a furnace to form the desired shape. The most commonly used types of this method include extrusion molding, rotary molding, and press casting. All three processes require high levels of precision machining to create the right dimensions. This results in higher production costs but also makes it possible for fewer workers to participate in the production run. Aluminum casting is typically used in automobile fabrication due to its lightweight properties. However, automakers are more interested in aluminum’s excellent durability, superior corrosion resistance, and improved maintenance. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), total vehicle (commercial + passenger) sales reached 96 million units in 2017, increasing from 86 million units in 2013 globally. According to the India Brand Equity Foundation (IBEF), India’s domestic automobile sales reached 21.55 million units in FY20, registering a CAGR of 1.29%. Such high demand for automobiles can stimulate growth of the aluminum casting market.

                          

 

Recently, in February 2021, Vedanta Limited launched aluminum cylinder head alloy for cylinder heads and other automotive components

Aluminum Casting is done through two different methods - extrusion mold casting and pressure die casting. Exprusion mold casting is the first common type of casting used today. It involves creating a mold from a solid piece of aluminum and pouring the melted material into the mold. After it cools, the result is a cast part that is both sturdy and strong. Emerging economies have witnessed robust industrialization over the years. This has prompted the demand for aluminum casting in various end-use sectors. Aluminum Casting can be separated into two categories based on the process required for forming the metal. Rotary and extrusion molding are the two main types. In the former process, molten metal is directed to the mold at a very high speed. This creates the needed hot spots and results in the most accurate and consistent results. This type of casting produces shapes with high tolerance to heat. However, aluminum casting has witnessed a slight decline in adoption due to increasing preference for aluminum alloys with magnesium. 

 

Aluminum Casting is done through two different methods - extrusion mold casting and pressure die casting. Exprusion mold casting is the first common type of casting used today. It involves creating a mold from a solid piece of aluminum and pouring the melted material into the mold. After it cools, the result is a cast part that is both sturdy and strong. Emerging economies from Asia Pacific have emerged as primary consumers of aluminum casting. This is typically due to automakers across the globe shifting their production facilities in these countries, owing to the availability of cheap labor.

Global Video Telemedicine Market is Witnessing Significant Growth as industry leader VSee lab Inc. partners with Vuzix Corporation to introduce an innovative telemedicine product

 

Video telemedicine uses technology primarily computers, video, messaging, and phone by medical professionals to diagnose and treat patients in remote locations. Video telemedicine or telemedicine involves the use of electronic communications and software for management of chronic conditions. 

 

Increasing prevalence of hospital-acquired infection and increasing incidences of white coat syndrome is expected to drive growth of the global video telemedicine market during the forecast period. According to the Indian Journal Medical Research (IJMR), in 2017, surgical-site infections (SSIs) were the most common HAI with prevalence of 23.94% followed by hospital-acquired pneumonia with 18.31%, catheter-related blood stream infection (16.9%), and urinary tract infections (16.9%) in India. Such high prevalence has led to increase in demand for video telemedicine globally. Video telemedicine offers numerous advantages such as less time in waiting room, no transportation time and cost, and fewer chances of catching a new illness. Thus, these factors are expected to drive growth of the global video telemedicine market during the forecast period. Moreover, growing geriatric population is expected to boost the global video telemedicine market growth over the forecast period. According to the World Health Organization (WHO), by 2050, global population of aged 60 years and above is expected to reach 2 billion, increasing from 900 million in 2015. Video telemedicine is a perfect alternative to geriatric people to get medical treatments and medications without actually visiting the doctor’s office.

However, lack of skilled personnel and adequate infrastructure is expected to restrain growth of the global video telemedicine market during the forecast period. Besides, lack of awareness regarding the technology in emerging economies is expected to hinder the global video telemedicine market growth in the near future. Among regions, North America is expected to witness significant growth in the global video telemedicine market during the forecast period. This is owing to wide implementation of video telemedicine and increasing demand for unnecessary transpiration. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to increasing patient pool and healthcare practitioners in the region.

Key companies operating in the global video telemedicine market are Life-Size Communication Inc., Vidyo Inc., Vermont Tel, Sony Corporation, Huawei Technologies Co Ltd., GlobalMed Inc., Premiere Global Services Inc., and VSee lab Inc.

For instance, in November 2020, Vuzix Corporation partnered with VSee lab Inc., a U.S.-based telehealth company to introduce a telehealth and telemedicine smart glasses solution Vuzix Blade Smart Glasses and Vuzix' M300XL.

The Global Pipe Coating Materials Market Continues To Grow Owing To the Increase in Demand from Infrastructural and Construction Facilities in the Developing Nations of the World

 

Pipe coating materials that are used in manufacturing processes come in a variety of synthetic materials that include epoxy polymers, urethane coatings, thermoplastic rubber, and others. Once the pipe is made, the pipe manufacture typically applies the pipe coating at the same time. This has several benefits to manufacturing operations. The coating can easily be applied in an even manner, the surface of the pipe is always clean, and different application methods can be more accurately controlled. Pipe coating materials come with several different benefits when applied to pipes in specific applications. One of these is corrosion protection. Commonly used pipe coating materials provide the pipelining with greater resistance to acid corrosion (rusting), heat corrosion (corrosion of copper & zinc) as well as mechanical wear and tear. Additionally, these materials provide the liner with protection from chemical corrosion. Chemical corrosion (rusting) occurs when metallic surfaces come into contact with one another, creating a reaction that can cause both the metal or iron that compose the joint to deteriorate, which in turn can allow waste products from rusting to leak into the pipeline or drain field, which in turn poses a hazard to the environment.

 

Market Dynamics

The main driving factor influencing the growth of the pipe coatings market is the increasing demand for energy from the rapid expansion of infrastructural and construction facilities in emerging economies worldwide. According to Manufacturers’ Association for Information Technology (MAIT), in India, there are 200 construction companies in the corporate sectors while approximately 120,000 class A contractors are registered with the various government construction sectors. Moreover, the need to transport oil that has been produced afterward in these industries is also boosting the market growth. The manufacturing firms in the global pipe coating markets are getting backed by favorable regulations made by governmental bodies such as FDI policies and reduced taxes.

However, the high costs associated with the pipe coating processes are the main restraining factor hindering the market growth. Moreover, the presence of a high amount of volatile organic compound (VOC) in the coatings is another reason that could be expected to affect the market adversely.

This market is distributed in five regions that include North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America. Among these, North America is expected to hold a bigger share of the pipe coating market owing to the increased production of oil from Delaware and Permian basins, which has rapidly boosted the demand for installation of new pipelines and expansion of the current ones to the Gulf Coast Refineries. Moreover, pipeline construction is more cost effective than trucking, which enables the companies to cut losses. The market in Asia-Pacific is estimated to witness significant growth owing to the increased demand from the chemical industry, which has resulted in rapid growth in the market in India, Indonesia, and China.

Competitive Analysis

The key players in the pipe coatings market include E.I. Du Pont Nemours and Co., Bredero Shaw, Wasco Energy Group of Companies, Bayou Companies, Celanese Corporation, Covestro AG, and Dow Chemical Company.

In March 2019, PPG Industries Inc. launched the PPG ENVIROCRON, which is a new line of maximum protection edge coatings at the Powder Coating 2019.

In-depth Report on Pipe Coating Materials Market by Coherent Market Insights:

https://www.coherentmarketinsights.com/ongoing-insight/pipe-coatings-market-448

Low Bed Trailer Market to Witness Massive Surge with Truck Enterprises Group Completing Acquisition of Great Dane Trailer Dealership for Texas and other regions

 

A low bed trailer is an affordable way of transporting a wheeled heavy load. The low bed is designed so that it can tow a large number of heavy objects securely, safely, and easily. Low bed trailers are used for various purposes, including hauling yard waste, construction materials, household items, and furniture. The low bed can tow most makes of cars. The bed of the low bed trailer is designed to securely secure a wheeled object and to allow the object to be easily controlled. The low bed comes in various sizes to suit the needs of any particular user. It offers users the opportunity to tow a variety of objects with ease.

 

Rapid growth of the cold chain industry is expected to drive growth of the global low bed trailer market. The cold chain industry has witnessed significant growth over the years with rising demand for frozen food products. A refrigerated low bed trailer is designed to carry goods at a specific temperature and is equipped with mechanical refrigeration systems, which are powered by small displacement diesel engines. These trailers use carbon dioxide as a cooling agent, making it significantly efficient at keeping the temperature of products at the desired level. Besides, the demand for frozen food products across the globe has increased over the five years, which in turn, has accelerated the demand for low bed trailers. Hence, such factors are expected to drive growth of the global low bed trailer market. Furthermore, increasing use of advanced technologies is expected to boost the global low bed trailer market growth in the near future.

Challenges such as total cost of ownership (TCO), maintenance cost, and availability of lightweight semi-trailers are expected to hinder the global low bed trailer market growth in the near future. However, the advent of electric semi-trailer trucks and trailer platooning can present lucrative growth opportunities for industry players in the near future. Among regions, Asia Pacific is expected to witness significant growth in the global low bed trailer market. This is owing to increase in inland transportation, growing construction activities, and growing demand from the logistics sector in the region. Furthermore, North America is expected to register a robust growth rate, owing to growing e-commerce operations and rapid growth of the logistics sector in the region, especially in the U.S.

Key companies operating in the global low bed trailer market are Kogel Trailers, Utility Trailer Manufacturing, Krone, Humbaur, RAC, Great Dane, Wabash, Dennison Trailers, and Bockmann Fahrzeugwerke.

For instance, in August 2019, Truck Enterprises Group, a subsidiary of Leslie Doggett Industries, acquired Great Dane Trailer Dealership for Texas, El Paso, and other regions.

Increasing Prevalence of Kidney Stones to Augment the Kidney Stone Management Devices Market Growth

 

Kidney stones, also known as renal calculi, occur when the liquid stored in the kidneys becomes too concentrated. The stone, once lodged in the urinary tract, obstructs the urine flow from it and causes great pain in the abdomen. Other symptoms of a kidney stone include a burning sensation or an intense desire to urinate frequently. Also experiencing frequent urge to pass urine. Kidney stones can be treated effectively, due to presence of advanced methods and associated medical devices. Kidney stone management devices are widely used to retrieve kidney stones.

 

Market Dynamics:

Increasing prevalence of kidney stones and the increasing preference for minimally invasive surgeries worldwide is expected to propel the growth of the kidney stone management devices market. For instance, according to the United States National Kidney Foundation, every year, more than half a million people go to emergency rooms for kidney stone problems. It is estimated that one in ten people will have a kidney stone at some time in their lives.

Moreover, increasing product launches, technological advancements, and increasing research and development activities for the prevention and treatment of kidney stones is expected to augment the growth of the kidney stone management devices market. For instance, in August 2020, Dornier MedTech (Dornier) announced the launch of UroX, a community that connects professionals from various disciplines to cultivate innovation and solve the most pressing challenges in urology. Moreover, in May 2019, Lumenis announced the release of new clinical evidence of the advantages of lithotripsy treatment of benign prostatic hyperplasia (BPH) using MOSES Technology.

North America is expected to witness substantial growth in the kidney stone management devices market due to the increasing prevalence of kidney stone diseases in the region. For instance, according to a data published by the European Association of Urology and National Kidney Foundation 2019, in countries with high standard of life, such as the U.S. and Canada, the prevalence of this disease has been reported to be more than 10%.

Competitive Analysis:

Major players operating in the kidney stone management devices market are Richard Wolf GmbH, Dornier Medtech, Storz Medical AG, Lumenis Ltd., Electro Medical Systems, Cook Medical, Boston Scientific Corporation, Allengers Medical Systems, Coloplast Group, and Bard Medical Division.

Major players in the market are involved in various business strategies, such as product launch, business expansion, etc., to enhance their market position. For instance, in 2018, Boston Scientific Corporation launched LithoVue Empower Retrieval Deployment Device, for kidney stone retrieval through flexible ureteroscopy, in the United States and Europe.

https://www.coherentmarketinsights.com/ongoing-insight/kidney-stone-management-devices-market-1030

Global Antidiabetic Biosimilars Market is expected to grow in the Near Future as Danish Pharma Company Novo Nordisk plans to launch biosimilar version of its NovoLog and NovoLog Mix insulin products in the U.S.

 

Antidiabetic Biosimilars have become one of the most common solutions to the diabetes problem, providing significant advances in medical science and technology for the better treatment of Diabetes Type I and II patients. However, these innovations don't come without their own set of challenges. Many believe that Diabetes is manageable if the patient follows a proper diet, regular exercise, and engages in some form of physical activity. Unfortunately, the modern-day obese person finds it quite impossible to follow these dietary and exercise guidelines, not to mention the lack of any physical exercise in modern-day environments.

 

Increasing prevalence of diabetes is expected to drive growth of the global antidiabetic biosimilars market. According to the World Health Organization (WHO), the global prevalence of diabetes among adults aged 18 years and above increased from 4.7% in 1980 to 8.5% in 2014. According to the same source, in 2016, around 1.6 million deaths were directly caused by diabetes. High prevalence of diabetes is witnessed in both developed and emerging economies. According to the American Diabetes Association (ADA), in 2018, around 34.2 million U.S. citizens or around 10.5% of the population had diabetes. As a result of this, the use of antidiabetic biosimilars is increasing rapidly for the treatment of diabetes. Hence, these factors are expected to drive growth of the global antidiabetic biosimilars market. Furthermore, rising incidences of lifestyle disorders such as obesity are expected to boost the global antidiabetic biosimilars market growth in the near future.

However, a stringent regulatory framework in the developed countries is expected to hamper the global antidiabetic biosimilars market growth in the near future. Among regions, North America is expected to witness significant growth in the global antidiabetic biosimilars market. This is owing to the presence of robust healthcare infrastructure and growing patient awareness in the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to growing patient disposable income combined with rising prevalence of type I and type II diabetes.

Key players involved in the global antidiabetic biosimilars market are Pfizer, Sanofi-Aventis, Halozyme Therapeutics, Takeda Pharmaceuticals, Bristol-Myers Squibb, Eli Lilly and Company, Novo Nordisk, Oramed Pharmaceuticals, Merck & Co. Inc., and Boehringer Ingelheim.

For instance, in October 2019, Novo Nordisk, a Denmark-based pharmaceutical company, introduced the biosimilar version of its NovoLog and NovoLog Mix insulin products in the U.S.

Growing demand for advanced wound care products to bring new market opportunities for wound dressings

 

Wound dressings refer to medical products used to treat trauma and other wounds. A wound dressing is generally a sterile adhesive pad or plaster applied to an open wound to provide healing and prevent further injury to the skin. Wound dressings come in several types depending upon their use. The most common types of wound dressings are interventional dressings, wound tape, and sutures. Wound dressings such as wound tapes and gauze have several advantages over other types. For one, they do not add to the moisture content of the skin, since the dressing does not change the skin's moisture content. 

 

The growing prevalence of chronic and surgical wounds is a key factor fueling the growth of wound dressings market. Moreover, an increasing number of surgeries is also projected to foster market growth. The increasing incidence of burn injuries coupled with the technological advancement in wound dressing is also projected to propel the market growth. According to the World Health Organization, globally, burns are a serious public health problem. An estimated 265 000 deaths occur each year from fires alone, with more deaths from scalds, electrical burns, and other forms of burn. Furthermore, the rising prevalence of pressure ulcers and diabetic ulcers is also expected to augment the market growth of wound dressings.

North America is expected to gain significant growth over the forecast period and this is attributed to the high presence of the geriatric population in the region which is increasing the prevalence of chronic wounds. According to the U.S. Census Bureau, there were 40.3 million U.S. residents 65 years and older in the 2010 Census and more than 54 million on July 1, 2019. Also, increasing investment in the healthcare sector coupled with the advancement in wound dressing is further anticipated to foster market growth.

Key Developments:

1. In April 2020, AxioBiosolutions has launched MaxioCel, a next-generation wound care dressing made of chitosan in Endovascular Live 2019’ at Pullman Novotel, New Delhi.

2. In June 2019, UPM has launched a new advanced wound care product for the European market. FibDex® is the first wound dressing created from wood-based nanofibrillar cellulose to receive regulatory approval and be awarded a CE mark.

3. In July 2020, EO2 Concepts® announced the release of an enhanced version of their full wound closure, at-home therapy system. The upgrade of the system consists of new and improved features for both the medical device, called the OxyGeni® and the OxySpur® wound dressings.

Global Well Intervention Market is growing at rapidly as major industry competitor Wellpro Group completes acquisition of Hunting Energy Services including onshore support and field personnel

 

A well intervention is any intervention carried out on a well or gas well within, or after, its operational life which alters the physical state of the well, supplies well results, modifies well behavior, offers well insights, or otherwise manages or administers the well. It is often used as a marketing tool to draw attention to well results, company developments, or marketing developments. However, there are several different types of well interventions, each with unique potential applications and consequently, their own set of related well management technologies.

 

Increasing energy consumption in Asia Pacific is expected to drive growth of the global well intervention market. According to the International Energy Agency (IEA) World Energy Balances, total energy consumption in Asia Pacific reached 5,992,356 ktoe (kiloton of oil equivalent) in 2018, with China leading the way at 3,196,418 ktoe followed by India 919,441 ktoe. According to the same source, coal was the major source of energy followed by oil. As a result of this, the demand for oil is increasing rapidly thereby boosting the well intervention activities significantly. Hence, such factors are expected to drive growth of the global well intervention market. Furthermore, continuous shale development and increasing efforts for product enhancements from maturing oil & gas fields are expected to propel the global well intervention market growth in the near future.

Stringent government regulations on exploration & production (E&P) activities coupled with decreasing oil demand from Europe are expected to hamper the global well intervention market growth in the near future. However, increasing demand for subsea well intervention and digitalization of intervention services can provide significant business opportunities in the global well intervention market. Among regions, North America is expected to witness significant growth in the global well intervention market. This is owing to a massive surge in crude oil production and natural gas production across the region. Besides, rising offshore drilling activities are expected to accelerate the regional market growth in the near future. Moreover, Middle East & Africa is expected to register a lucrative growth rate, owing to the presence of large-scale gas development industries in the region.

Major players involved in the global well intervention market are Halliburton Company, China Oilfield Services Ltd., Baker Hughes Company, Scientific Drilling International, Inc., National Oilwell Varco Inc., Hunting Energy Services, Helix Energy Solutions, Schlumberger Limited, Omega Well Intervention Ltd., Weatherford International Ltd., and Vallourec SA.

For instance, in May 2019, Wellpro Group, a specialist in well intervention activities, acquired Hunting Energy Services including onshore support and field personnel.

High Prevalence of Cancer and R&D Small Cell Lung Cancer to Augment Growth of Small Cell Lung Cancer Therapeutics Market

High prevalence of cancer is expected to propel growth of the small cell lung cancer therapeutics market. For instance, according to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S. Moreover, approval and launch of new products is also expected to aid in growth of the market. For instance, in February 2021, the FDA approved trilaciclib (Cosela) to reduce the frequency of chemotherapy-induced bone marrow suppression in adults receiving certain types of chemotherapy for extensive-stage small cell lung cancer.

 

R&D small cell lung cancer is expected to offer lucrative growth opportunities for players in the small cell lung cancer therapeutics market. For instance, in January 2021, Lixte Biotechnology Holdings, Inc., a clinical-stage drug discovery company, announced an agreement on a Phase 1b clinical trial with City of Hope, a cancer research and treatment center, which assesses the combination of Lixte’s first-in-class protein phosphatase inhibitor in the treatment of extensive stage-disease small cell lung cancer.

Among regions, Asia Pacific is expected to witness significant growth in the small cell lung cancer therapeutics market, owing to R&D of new products in the region. For instance, in January 2021, Shenzhen Chipscreen Biosciences Co., Ltd., a China-based pharmaceuticals company, submitted its pivotal phase III clinical trial application of national class I innovative drug Chiauranib to NMPA, for the treatment of small cell lung cancer.

North America is also expected to witness significant growth in the small cell lung cancer therapeutics market, owing to R&D of new products in the region. For instance, in January 2021, Harpoon Therapeutics, Inc., a clinical-stage immunotherapy company, announced that the first patient has been dosed with HPN328, a delta like ligand 3- (DLL3) targeting TriTAC, in a Phase 1/2 clinical trial as an investigational treatment of small cell lung cancer.

Competitive Analysis

Major players operating the small cell lung cancer therapeutics market include, Bristol-Myers Squibb, GlaxoSmithKline, Menarini, Sanofi, G1 Therapeutics Inc., and ZIOPHARM Oncology.

Major players operating the small cell lung cancer therapeutics market are focused on approval and launch of new products to expand their product portfolio. For instance, in August 2020, G1 Therapeutics Inc. received the U.S. FDA’s priority review designation to a new drug application (NDA) for trilaciclib for the treatment of patients with small cell lung cancer (SCLC) who are being treated with chemotherapy.

In-depth Report on Small Cell Lung Cancer Therapeutics Market by Coherent Market Insights:

https://www.coherentmarketinsights.com/ongoing-insight/small-cell-lung-cancer-therapeutics-market-799

Asia Pacific Is Expected To Witness Substantial Growth in the Phenolic Resins Market

 Phenol formaldehyde resins or phenolic resins are synthetic polymers derived from the reaction between phenol and formaldehyde. Phenolic resins were known as the first commercial resins used in the production of molded products such as billiard balls and laboratory countertops. Phenolic resins are also used as adhesives and coasting. A wide variety of product types of phenolic resin are available in the market, such as formaldehyde-free phenolic resin, bio-phenolic resin, resole resin, cresol, and novolac resin. Furthermore, phenolic resins find major application in several industrial activities (such as wood-adhesive, friction materials, abrasives, fire retardants, hardeners, for insulation purposes, molding compounds, offshore oil drilling, laminates, etc.) owing to its properties such as high mechanical strength, adhesion, heat resistance, moisture resistance, etc.

 

Increasing consumer awareness about the advanced properties of phenolic resin is expected to propel the growth of the market. Moreover, increasing demand for rubber and friction materials from the tire industry, which, in turn, has generated interest in durable and lightweight phenolic compounds, driving the growth of the phenolic resins market. The development of SpaceX Dragon Capsule’s heat shield, a phenolic impregnated carbon ablator, is one of the most important technological innovations in the market. This enables the capsule to be reused for future missions, as the raw material allows spacecraft, crew, and cargo to safely return to Earth, despite the high temperatures.

Regulatory framework related to phenolic resins includes Japan Society of Occupational Safety which marks the permissible concentration of formaldehyde and phenol for the phenol resin production, while the Industrial Safety and Health Act states formaldehyde and phenol as a labeled substance that allows the use of phenol-formaldehyde resins in various applications. Other agencies such as Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), European Phenolic Resins Association, and the United States Environmental Protection Agency are also some of the regulatory bodies for the phenolic resins industry.

Regulatory bodies ensure the health and safety of consumers by limiting hazardous emissions and pollution related to this industry. In terms of geography, the phenolic resins market is divided into six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa. Asia Pacific is expected to witness robust growth in the market due to the rapid urbanization, increasing population, and the regulatory framework promoting the use of lightweight composites in the automotive industry. For instance, many key players are shifting their production facilities to emerging economies such as Asia to increase the production of phenolic resins.

High Fructose Corn Syrup Market is Gaining Excellent Traction as Major Market Player Ingredion Inc. acquires 75% stake in PureCircle Ltd.’s stevia company

High fructose corn syrup is often called cane sugar, corn sweetener, glucose syrup, or cane sugar, and is a sweetening agent made with corn starch. Unlike regular sugar, high fructose corn syrup is broken into sugar before being absorbed by the body. As in the production of ordinary corn syrup, the sugar is broken down to glucose by digestive enzymes. This simple process provides glucose to cells in the body that need it. However, due to the lack of calories and other nutrients in regular sugar, this type of sugar is not as readily absorbed as other sugar types.

 

Rising demand for sweeteners in the food and beverage industry is expected to drive growth of the global high fructose corn syrup market during the forecast period. In the food and beverage industry, high fructose corn syrup is mainly used as a sweetener, typically in cereal products, dairy, baking, canning, condiments, ice-creams, carbonated soft drinks, and confections & desserts. Generally, HFCS has been compared to granulated sugar as a sweetener. However, HFCS is easier to handle and more cost-effective. Furthermore, HFCS 55 is usually used in the production of soft drinks while HFCS is used in breakfast cereals and processed foods. The demand for confectionery and processed food is increasing rapidly in both developed and emerging economies, which in turn, is boosting the consumption of high fructose corn syrup. Thus, these factors are expected to drive growth of the global high fructose corn syrup market during the forecast period. Moreover, easy logistics and handling of HFCS are expected to boost the global high fructose corn syrup market growth over the forecast period.

However, rising concerns over diet intake combined with reduced intake of sweetened products globally and rising adoption of zero-calorie substitutes are expected to hamper the global high fructose corn syrup market growth over the forecast period. Among regions, North America is expected to witness significant growth in the global high fructose corn syrup market during the forecast period High Fructose Corn Syrup. This is owing to rising production of HFCS in the region. According to the U.S. Department of Agriculture, the U.S. exported over 1.24 million metric ton of HFCS in 2017, increasing from 1.121 million metric ton in 2016.

Key players involved in the global high fructose corn syrup market are Cargill Inc., COFCO International, Tate & Lyle, Kerry Group Plc, Archer Daniels Midland Company, Japan Corn Starch Co., Ingredion Incorporated, and Global Sweeteners Holdings Limited.

For instance, in April 2020, Ingredion Inc., a U.S.-based manufacturer of high fructose corn syrup, acquired a 75% stake in PureCircle Ltd.’s stevia company.

Increasing Prevalence of Cancer and HIV to Augment the Flow Cytometry Market Growth

 

Flow cytometry is a laser-based biophysical technology employed in protein engineering, biomarker detection, cell sorting, and cell counting. It is required to a conduct study related to the blood. Flow cytometry analyzes the chemical and physical characteristics of the particles present in the blood. It is used to diagnose health disorders such as HIV and cancer along with several applications in basic research, clinical trials, and clinical practice. Flow cytometry is widely used for evaluating peripheral blood, bone marrow, and other body fluids. Moreover, it provides rapid analysis of multiple characteristics of single cells. The process finds application in microbiology, immunology, hematology, cytology, and among other research fields.

 

 

The increasing prevalence of chronic diseases worldwide and the need for rapid, accurate, and sensitive prognosis techniques for disease validation are expected to propel the growth of the flow cytometry market. According to the World Health Organization (WHO), chronic diseases are the leading cause of death worldwide. Moreover, increasing technological advancements (as flow cytometry is quite an unexplored field) and the introduction of advanced methods such as improved cell sorting, higher resolution, rapid detection, and multifunctional analysis, ensuring enhanced efficiency in identifying and characterizing novel drugs are also expected to augment the market growth.

For instance, in 2017, the United States Food Drug and Administration (FDA) approved the use of a flow cytometer in the detection of lymphoma and leukemia cancer (blood cancer). In 2019, about 76,200 Americans were expected to be diagnosed with myeloma, lymphoma, or leukemia cancer, according to the Leukemia and Lymphoma Society. Moreover, in 2020, around 60,530 people are expected to be diagnosed with leukemia. Furthermore, the growing prevalence of cancer and HIV are expected to foster the flow cytometry market growth.

The rise in the development of new products is expected to create significant opportunities for the key players operating in the market. For instance, in 2019, Agilent Technologies launched the Agilent NovoCyte Advanteon flow cytometer at the International Society for Advancement of Cytometry. In terms of geography, the flow cytometry market is divided into six regions, such as North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Key players are focused on launching technologically advanced products in the market. For instance, in 2019, Becton, Dickinson and Company (BD) launched BD an automated flow cytometer, FACSDuet to improve their efficiency by reducing errors. Furthermore, in April 2018, Merck launched a compact, customizable flow cytometer, CellStream Benchtop.

Anti-counterfeit Pharmaceutical Packaging Market is Growing Rapidly with Toppan Printing collaborating with Amcor to provide NFC tag-based anti-counterfeiting solution

 

Pharmaceutical packaging for pharmaceuticals is made from a number of different materials, including plastics and glass. Most manufacturers will use plastic or glass for the packaging of their medications since it is the easiest and most cost-effective option available. However, there are those manufacturers that use other materials to develop their packaging for pharmaceuticals. Plastic and glass are used to create 'pressure boxes' and these manufacturers ensure that the boxes are manufactured to the highest quality standards possible. Each box is then packed with high-quality cardboard, which ensures that the packaging will withstand harsh environments.

 

Stringent laws and regulations enforced by governments are expected to drive growth of the global anti-counterfeit pharmaceutical packaging market. The government of many countries has enforced stringent regulations and laws to curb the counterfeiting of products. Furthermore, in September 2020, the International Trademark Association (INTA) announced to step up its efforts to combat counterfeit products with new laws under consideration. Moreover, in December 2019, in the U.S., the SANTA Act (Stopping All Nefarious Toys in America Act) was introduced that set requirements for online marketplaces selling toys to verify seller information and disclose it to consumers. Furthermore, in June 2020, Europol sized over 1,300 tons of fake pesticides, which could fill 458 Olympic-sized pools. Such factors are expected to drive growth of the global anti-counterfeit pharmaceutical packaging market. Furthermore, rising focus of manufacturers on brand protection is expected to boost the global anti-counterfeit pharmaceutical packaging market growth in the near future.

High initial cost combined with major R&D investment is expected to restrain growth of the global anti-counterfeit pharmaceutical packaging market. However, increasing demand from emerging economies and the availability of remote authentication of products technology can present lucrative growth opportunities in the global anti-counterfeit pharmaceutical packaging market. Among regions, North America is expected to witness significant growth in the global anti-counterfeit pharmaceutical packaging market. This is owing to the presence of stringent anti-counterfeit laws across the region. Furthermore, Europe is expected to register a robust growth rate, owing to the presence of prominent medical and pharmaceutical companies such as AstraZeneca, Johnson & Johnson, Sanofi, Roche Ltd., and GlaxoSmithKline plc in the region.

Major companies involved in the global anti-counterfeit pharmaceutical packaging market are Zebra Technologies, Impinj, Inc., Alien Technology Corp., Microtrace, LLC, AlpVision, SICPA HOLDING SA, and Avery Dennison Corp.

For instance, in September 2019, Toppan Printing collaborated with Amcor to provide NFC tag-enabled anti-counterfeiting solutions for the wine and spirits market.

Increasing Demand for Wearable Devices to Augment the Resistive Random Access Memory Market Growth

 

The resistive random access memory is used in many applications, including desktop machines and laptops, personal digital assistants, medical equipment, industrial, and even embedded systems. The technology is often used as an add-on to other forms of RAM for faster speed or lower cost. Although it can be used as a stand-alone memory device, many systems also include dedicated random access memory because it operates at a lower speed than the main memory.

The resistive random access memory is a form of non-volatile memory, works by altering the physical resistance across a non-resin, electrically-insulated solid-state device, often called a Memristor. A resistive RAM based computer system uses electric signals to change the position of the Memristor, which causes the information it's holding to be altered in a non-volatile state.

 

Market Dynamics:

Increasing demand for (or adoption of) wearable devices, which increases the demand for high storage density and fast data transfers, is expected to propel the growth of the resistive random access memory market. For instance, according to new data from the International Data Corporation (IDC), global shipments of wearable devices were expected to total 396.0 million units in 2020.

Increasing research and development activities are expected to augment the growth of the resistive random access memory market. For instance, in March 2020, researchers from the Washington State University developed a heterogeneous computer architecture that combines the commonly used GPU-based platform with a new and emerging memory technology called a resistive random access memory.

Increasing demand for highly scalable, low power consumption, and high bandwidth memory devices for technologies such as big data, internet of things (IoT), and artificial intelligence (AI) is also expected to fuel the growth of the resistive random access memory market. For instance, in 2019, AI Innovators, Robosensing Inc., Neural Networks Corporation, Gyrfalcon Technology Inc., and Crossbar Inc. joined forces in an AI consortium for the development and commercialization of best-in-class AI computing platform.

Competitive Analysis:

Major players active in the resistive random access memory market are Avalanche Technology Inc., Everspin Technologies Inc., Spin Transfer Technologies, Toshiba Corporation, and Crocus Nano Electronics LLC.

Major players in the market are involved in different business strategies, such as partnerships, collaborations, etc., to enhance their market share. For instance, in May 2020, GigaDevice announced that the company has signed a resistive random access memory patent licensing agreement with the leading semiconductor IP provider, Rambus Inc.

Increasing Incidence Rate of Cataract to Augment the Ophthalmic Femtosecond Lasers Market Growth

 

Femtosecond laser is an infrared, ultrafast, ultrashort pulse laser with a wavelength of 1053 nm. Femtosecond lasers produce photoionization/photodisruption of the optically transparent tissue such as cornea. These layers have a wide range of applications in ophthalmic surgery. Ophthalmic femtosecond lasers are used to correct myopia (a common vision condition). The procedure involves making two lamellar cuts in the cornea that intersect in the periphery, thus creating a lenticule that is removed. Moreover, ophthalmic femtosecond laser allows doctor to select the flap thickness and flap diameter, as well as cutting angle, diameter, and position of the hinge.

 

Market Dynamics:

Increasing incidence rate of cataract and growing geriatric population worldwide is expected to propel the growth of the ophthalmic femtosecond lasers market. The leading causes of vision impairment and blindness are refractive errors and cataracts. For instance, worldwide, at least 1 billion people have a near or distance vision impairment that could have been prevented or has yet to be addressed, according to the World Health Organization (WHO).

Moreover, increasing prevalence of ophthalmic disorders, increasing regulatory approvals for ophthalmic lasers, and technological advancements are expected to aid in the growth of the ophthalmic femtosecond lasers market. For instance, in March 2018, Alcon received 510(k) clearance from the U.S. FDA (Food and Drug Administration) for LenSx Laser (a femtosecond laser) for the indication of intracorneal rings and pockets for presbyopia-correcting inlays.

Increasing prevalence of chronic diseases such as diabetes, especially in North America, and initiatives to control visual impairment are also expected to fuel the growth of the ophthalmic femtosecond lasers market. For instance, according to American Diabetes Association, in 2018, around 34.2 million Americans, or 10.5% of the population, had diabetes. However, high cost of equipment and therapy is expected to restrain the market growth.

Competitive Analysis:

Major players operating in the ophthalmic femtosecond lasers market are Ziemer Ophthalmic Systems, Carl Zeiss Meditec, Bausch & Lomb, Alcon, LENSAR, Abbott Medical Optics, Newport Corporation, and IMRA America, Inc.

Major players in the market are adopting various strategies, such as product launch, merger and acquisition, etc. to enhance their market share. For instance, in 2019, SCHWIND eye-tech-solutions introduced Schwind ATOS, a new femtosecond laser with smartsight procedure.

Moreover, in 2018, LENSAR announced the acquisition of Precision Eye Services. This acquisition consolidates the Company’s customer base for greater optimization, efficiency, and speed to market.

The Global Narrowband Internet of Things (Iot) Chipset Market Continues To Grow Owing To the Rising Demand from Various Industrial, Private and Governmental Sectors Adopting Advanced Technologies

 

The Narrowband Internet of Things (IoT) chipset is an application-specific solution that provides low-cost, high-speed access to existing WAN and LAN networks. It runs on an existing network, not a single line of connection like with an ordinary IoT device. The Narrowband Internet of Things (IoT) chipset works over a single wireless connection. Such a design allows for the rapid adoption of the technology within a shorter time frame than was previously possible. For instance, several years ago it was not possible to implement the technology into a smartphone or small computer because there just wasn't enough bandwidth.

By using a WAN connection to connect multiple devices, such as sensors or computers, to a central server, the speed of the connection can be increased by up to 300%. And because there is no need to build a router, the equipment needed to install the Narrowband Internet of Things (IoT) chipset can be more compact. In addition to being able to fit into a business's existing infrastructure, the smaller size of the device also makes it easier to deploy. This means that the cost savings associated with the device can be passed on to customers.

 

Market Dynamics

The main factors influencing the water soluble Narrowband Internet of Things (IoT) chipset market are the increasing adoption of IoT in different sectors and growth in the usage of connected devices. Growing M2M communications is estimated to drive the growth of the market, especially in industrial and business sectors. Moreover, industrial trends such as IoT have benefited the connectivity in almost every other sector including retails, consumer electronics, and healthcare. For instance, according to the U.S. Consumer Technology Association, in 2019 approximately 1.52 billion cellphones were sold in the region. And 300 million cellphones are used by residents of the U.S. The diminishing price of the sensors has resulted in significant growth in the adoption of the Internet of Things across organizations.

However, the stiff competition coming from other low-power wide-area networks (LPWA) is the main restraining factor hindering the growth of the Narrowband Internet of Things (IoT) chipset market. Owing to the increased number of connected devices the demand for LPWA technologies has risen. This is being used in smart homes to high-end industries and is expected to hinder the market growth of the Narrowband Internet of Things (IoT) chipset.

This market is distributed in five regions that include North America, Europe, Asia-Pacific, Africa, and the Middle East, and Latin America. Among these North America is expected to hold a significant share of the Narrowband Internet of Things (IoT) chipset market owing to the increasing support from the federal government which includes heavy investment and adoption of IoT technology in several sectors such as healthcare. For instance, according to federal government data U.S. investors in 2019, contributed approximately US$ 1.9 billion to the technology sector. The Narrowband Internet of Things (IoT) chipset market in Asia-Pacific is estimated to witness significant growth owing to the adoption of technology in various governmental and private organizations.

Competitive Analysis

Key players operating global narrowband internet of things chipset market include Ericsson, Intel Corporation, Mistase Communication System, Huawei Technologies Co. Ltd., Nokia Corporation, Qualcomm Incorporated, Samsung Electronics, U-Blox Holding AG, Verizon Communications, and Vodafone Group PLC.

In June 2018, Ericsson announced a partnership with MediaTek for expanding its Narrowband Internet of Things (IoT) chipset market.

In-depth Report on Global Narrowband Internet of Things (Iot) Chipset Market by Coherent Market Insights:

https://www.coherentmarketinsights.com/ongoing-insight/narrowband-internet-of-things-chipset-market-804