The eczema therapeutics market comprises products that prevent and treat eczema. Eczema, also known as atopic dermatitis, is a skin condition characterized by inflamed, dry, itchy skin that is often red and cracked. Some of the key products in the market include topical corticosteroids, calcineurin inhibitors, antihistamines, wet wrap therapy, and phototherapy. Topical corticosteroids are the first line of treatment for mild to moderate eczema due to their potent anti-inflammatory and immunosuppressive properties.
The Global Eczema Therapeutics Market Demand is estimated to be valued at US$ 21973.78 Bn in 2024 and is expected to exhibit a CAGR of 6.9% over the forecast period 2024 to 2031. Key Takeaways Key players operating in the eczema therapeutics market are Nedmag Industries Mining & Manufacturing B.V., Nabaltec AG., Huber Engineering Materials, Kyowa Chemical Industry Co. Ltd., Konoshima Chemicals Co. Ltd., Tateho Chemical Industries Co., Ltd., Baymag Inc., Sakai Chemical Industries Co. Ltd., Lehmann & Voss & CO. KG., Martin Marietta Materials Inc., Xinyang Mineral Group, Premier Periclase Ltd., Israel Chemicals Ltd., and Premier Magnesia LLC. Growing prevalence of eczema cases globally is driving the demand for eczema therapeutics. Advancements in drug delivery technologies are also fueling market growth. Market Trends The eczema therapeutics market is witnessing a rise in pipeline drugs for novel treatment modalities. Several companies are developing biologics targeting specific molecules involved in eczema pathogenesis. Monoclonal antibodies inhibiting inflammatory cytokines like interleukin-13 and interleukin-31 are under clinical trials. Another trend is the growing popularity of alternative therapies like Chinese herbal medicine and Ayurveda for eczema management. Market Opportunities Untapped growth potential in emerging Asian and Latin American countries presents lucrative opportunities. The focus on developing safer and effective medications with minimized side effects also provides an opportunity for innovation and market expansion. Launching affordable generic versions of blockbuster eczema drugs can further boost market access in lower-income regions. Impact of COVID-19 on Eczema Therapeutics Market Growth The COVID-19 pandemic has significantly impacted the growth of the eczema therapeutics market. Lockdowns imposed during the peak of the pandemic restricted access to hospitals and clinics for minor ailments like eczema. Social distancing norms discouraged people from consulting dermatologists physically. This diminished the demand for prescription drugs and topical medications used to treat eczema. Telemedicine emerged as a viable alternative for dermatology consultations during this time but it could not fully compensate for the reduction in in-person visits. Manufacturing and supply chain disruptions due to closed borders also created short-term shortages of certain eczema drugs. However, as restrictions ease globally with rising vaccination rates, the market is recovering steadily. Increased hygiene awareness and stress on self-care during the pandemic has also boosted self-medication for eczema treatment. Companies are investing in R&D to develop novel formulations and delivery mechanisms to cater to changing consumer needs in the post-COVID scenario. The long-term outlook for the market remains positive driven by the large patient pool and ongoing clinical trials of new therapies. In terms of geographical concentration, North America currently holds the major share of the eczema therapeutics market value-wise owing to developed healthcare infrastructure and higher per capita healthcare spending. However, Asia Pacific is identified as the fastest growing regional market with China, India, Japan and South Korea being the major revenue generators. Rising incomes, expanding medical insurance coverage and growing aesthetic consciousness are fueling the adoption of prescription eczema drugs as well as OTC medications in Asia Pacific markets. Emerging nations in the Middle East and Latin America also present lucrative opportunities for market players to increase penetration. Get more insights on this topic: Eczema Therapeutics Market
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Edible Packaging Market will grow at highest pace owing to increasing demand for sustainability3/15/2024 Edible packaging involves packaging products in an edible film made from organic materials such as polysaccharides, lipids, and proteins. These edible films act as barrier layers and protect packaged food from contaminants while preserving taste, texture, and freshness. Edible packaging provides advantageous alternative to plastic films and packaging as it reduces waste and offers eco-friendly solution. The edible films are made from ingredients that are generally recognized as safe by regulatory bodies. Key ingredients used include chitosan, alginate, gelatin, cellulose, pectin and other plant-based biopolymers. Edible packaging is compostable, non-toxic and edible. The growing awareness about environment protection and shift towards sustainable solutions are driving large food companies to adopt edible packaging films.
The Global Edible Packaging Market Demand is estimated to be valued at US$ 1229.36 Bn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period from 2024 to 2031. Key Takeaways Key players operating in the edible packaging are Tianshui Huatian Technology Co Ltd, Hana Micron Inc., lingsen precision industries Ltd, Formosa Advanced Technologies Co. Ltd (FATC), Advanced Semiconductor Engineering Inc. (ASE Inc.), Amkor Technology Inc., Jiangsu Changjiang Electronics Technology Co. Ltd, Powertech Technology, King Yuan Electronics Corp. Ltd, ChipMOS Technologies Inc., TongFu Microelectronics Co., and Signetics Corporation. The key players are focusing on developing edible films made from sustainable plant-based biopolymers and through advanced film production technologies. The demand for edible packaging is increasing from food and beverage industry as it helps in reducing carbon footprint of product packaging. Food manufacturers are actively partnering with edible packaging manufacturers to shift from conventional plastic packaging to sustainable edible films. Technological advancements are allowing development of multilayered edible films having tailored properties like moisture barrier, gas barrier and thermal resistance. Active research is ongoing in incorporating probiotic ingredients, antioxidants and other active agents into edible films to enhance shelf-life and nutritional value of packaged foods. Market Trends Rising popularity of flexible edible packaging films - Edible packaging producers are developing highly flexible edible films that can be easily used for packaging various food products. These flexible edible films provide excellent printability and handle-ability compared to rigid formats. Growing demand for intelligent edible packaging - Edible packaging incorporated with freshness and safety indicators is gaining traction. These intelligent edible films change color upon detection of contaminants, moisture or due for consumption to assure quality and safety of packaged foods. Market Opportunities Personalized nutrition options - There exists opportunity to create personalized edible films and wraps tailored for individuals with specific dietary requirements like gluten-free, vegan, etc. These can offer nutrition delivery alternatives blended with functional ingredients. Tap emerging markets - Regions like Asia Pacific and Middle East offer lucrative growth prospects for edible packaging companies owing to rapid economic development, growing health awareness and large food manufacturing base. Impact of COVID-19 on Edible Packaging Market The COVID-19 pandemic has significantly impacted the growth of the edible packaging market. During the initial lockdown phases imposed worldwide, the supply chain disruptions hampered the production and distribution of edible packaging materials. However, as people started spending more time at home, the demand for packaged food rose dramatically. This drove the demand for edible packaging that provides convenience and reduces plastic waste. In the pre-COVID era, the market was growing at a steady pace due to the rising focus on sustainability. But post COVID, consumers and businesses prioritized environment-friendly solutions more than ever before. Edible packaging manufacturers responded rapidly by enhancing production capacities to meet the exponential demand. They focused on developing innovative materials that can extend the shelf life of perishable products. The ban on single-use plastics imposed by various governments further boosted the market prospects. Sustainability continues to be the key strategy in the edible packaging industry. Manufacturers are investing in R&D to launch new bio-based materials using agricultural byproducts. Geographical regions where the Edible Packaging Market is concentrated in terms of value Currently, North America accounts for the largest share of the global edible packaging market in terms of value. The region has a high concentration of manufacturers as well as a large health-conscious consumer base that prefers plastic-free sustainable solutions. However, the Asia Pacific region is emerging as one of the fastest growing markets for edible packaging. With the burgeoning middle-class population, developing nations like China and India offer massive opportunities. Stringent regulations against non-biodegradable packaging, coupled with the trend of on-the-go consumption, are aiding the APAC market growth. Meanwhile, countries in Western Europe are steadily adopting edible films and coatings for various applications across industries like food and beverages, pharmaceuticals, and personal care. Fastest growing region for the Edible Packaging Market The Asia Pacific region is poised to be the fastest growing market for edible packaging over the forecast period between 2024 to 2031. Rapid urbanization, rising disposable incomes, and changing consumption patterns in APAC countries are the key factors propelling the demand. Additionally, environmental regulations are becoming stricter amid growing pollution levels. This is prompting manufacturers across industries to shift from single-use plastics to edible and biodegradable alternatives. Government initiatives are also supporting the adoption of sustainable solutions. The availability of inexpensive raw materials and workforce provides an added advantage for edible packaging producers to set up manufacturing hubs in the Asia Pacific region and cater to the unmet needs. Hence, APAC is expected to play a decisive role in shaping the future growth momentum of this eco-friendly packaging domain. 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