Market Overview:
Pea protein is extracted from yellow peas through a process of fractionation. It is a high-quality plant-based protein that is highly digestible and contains all essential amino acids. Pea protein is gaining popularity as a meat alternative and plant-based protein due to the rising demand for vegan and vegetarian diets. It is used in foods such as meat substitutes, baked goods, nutritional supplements and others due to its neutral taste and high nutritional value. Market key trends: The rising demand for plant-based proteins from health-conscious consumers is a major trend driving the growth of the pea protein market. According to studies, nearly 58% of Americans are focusing more on consuming a plant-based diet. In addition, pea protein provides several health benefits such as weight management, muscle building, reduced risk of heart diseases and diabetes. It is easily digestible and hypoallergenic compared to other plant proteins like soy. Leading food brands are innovating with pea protein and launching new protein-rich food products to cater to this growing demand, thereby contributing to the market growth. Porter's Analysis Threat of new entrants: Low capital requirements and lack of proprietary technology mean threat of new entrants is relatively high. However, established players benefit from scale and brand recognition. Bargaining power of buyers: Large buyers like food and beverage processors can negotiate lower prices due to their influence. However, the increasing demand helps offset this power. Bargaining power of suppliers: Few suppliers of pea protein concentrate mean that suppliers have a significant influence over pricing. However, alternative plant-based proteins curb this power. Threat of new substitutes: Protein alternatives like whey, soy and others pose competition. However, rising veganism drives growth for pea protein as a sustainable alternative. Competitive rivalry: Intense competition exists between established players. Innovation in processing technology and new product formulations help brands differentiate. SWOT Analysis Strengths: High nutritional profile, sustainability benefits, increasing popularity of plant-based diets. Weaknesses: Lesser versatility than whey protein, dependence on pea crop supply. Opportunities: Expanding into new application areas like snacks, bars, alternative meat and drinks. Growing global health awareness favors plant proteins. Threats: Supply chain disruptions, fluctuations in raw material costs and availability due to weather changes. Substitute proteins capture market share through branding. Key Takeaways The Global Pea Protein Market Demand is expected to witness high growth, exhibiting CAGR of 9.1% over the forecast period, due to increasing demand for plant-based, sustainable proteins. The market size is projected to grow from US$ 278.42 Mn in 2023 to over US$ 500 Mn by 2030. Regionally, North America currently dominates the pea protein market due to rising health consciousness and vegan trends. Europe follows as a major region due to robust demand from European Union countries. However, Asia Pacific is expected to see the fastest growth during the forecast period, led by China, India, Indonesia and other developing nations experiencing increased Western influences. Key players operating in the pea protein market are Burcon Nutrascience, Cosucra Groupe Warcoing, Nutri Pea Limited, Sotexpro, Roquette Freres, Glanbia Plc., Fenchem Biotek Ltd., Prinova Group LLC, and Yantai Shuangta Food Co. These players are focused on new product innovations, capacity expansions and strategic partnerships to strengthen their positions in the high-growth market. Read More: https://www.dailyprbulletin.com/pea-protein-market-demand-share-analysis/
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Market Overview:
Petroleum resins are specialty chemicals derived from coal tar or petroleum fractions. They are solid organic polymers mostly used in rubber compounding, printing inks, adhesives, tires, shoes, roofing materials, and packaging. Petroleum resins impart water-repellency, moisture resistance and good adhesion properties to materials. They are extensively used in the packaging industry for providing gloss, water and weather resistant coatings to paper and paperboard materials. Petroleum resins also extend the rubber in tires and provide strength and resilience for applications. Owing to their ability to act as binders and tackifiers, petroleum resins find applications in gum base, chewing gum, hot melt adhesives and caulks. Market key trends: One of the key trends in the petroleum resins market is its growing use in the packaging industry. Petroleum resins effectively bind pigments and impart enhanced gloss, hardness and water resistance to paper and paperboard packaging materials. Changing lifestyle and urbanization are augmenting demand for packaged food and beverages which is catalyzing market growth of petroleum resins. Additionally, increasing e-commerce sales and rising demand for protective and moisture resistant packaging solutions from industries such as pharmaceuticals, personal care and chemicals is propelling the adoption of petroleum resins. Petroleum resins also find increasing usage in modifying asphalt for road construction. Growing infrastructure development and road networks globally will further drive the demand for petroleum modified asphalt and subsequently petroleum resins over the forecast period. Porter’s Analysis Threat of new entrants: The Petroleum Resins Market Share requires high capital investment for R&D and facilities. Strict environmental regulations also make market entry difficult for new players. Bargaining power of buyers: Large buyers such as paints & coatings and adhesives manufacturers can negotiate lower prices. However, the presence of numerous small and regional buyers limits their bargaining power. Bargaining power of suppliers: Major raw material suppliers such as petroleum refineries and aromatic extraction plants hold strong influence over resin producers with regards to pricing and supply. Threat of new substitutes: Rising preference for bio-based and recycled resins poses a threat. However, petroleum resins continue to be superior in performance and cost efficiency for many applications. Competitive rivalry: The market is fairly consolidated with top players competing on pricing, product portfolio and regional expansion. Key Takeaways The global petroleum resins market is expected to witness high growth, exhibiting CAGR of 8.3% over the forecast period, due to increasing demand from the building & construction industry. The paints & coatings segment accounts for over 50% share of the market. Regionally, Asia Pacific dominates the global petroleum resins market and is expected to register fastest growth during the forecast period. Rapid industrialization and infrastructure development along with rising discretionary income in China, India are driving the growth of end-use industries in the region. Key players operating in the petroleum resins market are Arakawa Chemical Industries, Eastman Chemical Company, Exxon Mobil Corporation, Ltd., Kolon Industries, Inc., Lesco Chemical Limited, Zeon Corporation, Seacon Corporation, Neville Chemical Company, Total Cray Valley, and Anglxxon Chemical Co., Ltd. The market is expected to witness consolidation activities through mergers and acquisitions over the next decade. Read More: https://www.dailyprbulletin.com/petroleum-resins-market-demand-share-analysis/ Market Overview:
Perpherial vascular devices are medical devices used to diagnose and treat peripheral vascular diseases. Peripheral vascular diseases are related to blood vessels outside of the heart and brain. This market includes angioplasty balloons, peripheral stents, and peripheral guidewires. These devices facilitate minimally invasive treatment options and improve blood flow to limbs threatened by peripheral arterial disease. Market key trends: One of the key drivers of the peripheral vascular devices market is the increase in geriatric population globally. Older adults are more prone to develop peripheral arterial disease owing to aging blood vessels. According to the United Nations Population Fund, the number of people over age 60 will double from current estimates of 900 million to nearly 2 billion by 2050. Growing geriatric population leads to increased prevalence of peripheral arterial diseases, thereby driving demand for peripheral vascular devices. Various minimally invasive treatment options provided by these devices help in reducing complications and improving quality of life of elderly people with peripheral vascular conditions. Porter's Analysis Threat of new entrants: Low capital requirements and established brand names raise barriers to entry. Bargaining power of buyers: Large group purchasing organizations give buyers higher negotiating power over prices. Bargaining power of suppliers: A few large medical device manufacturers dominate supply, increasing their bargaining power. Threat of new substitutes: Technological advances introduce new minimally invasive treatment options. Competitive rivalry: Strong competition between dominant players to introduce innovative products drives market. SWOT Analysis Strengths: Large R&D budgets and established brand names. Technologies help treat previously untreatable conditions. Weaknesses: Products face stringent regulatory approval processes. High manufacturing costs. Opportunities: Expanding elderly population increases disease prevalence. Emerging economies offer new markets. Threats: Economic slowdowns may delay procedure volumes. Stringent regulations raise compliance costs. Key Takeaways The global Peripheral Vascular Devices Market Demand is expected to witness high growth, exhibiting a CAGR of 7.6% over the forecast period, due to increasing aging population and rising cardiovascular diseases. The market size for peripheral vascular devices was valued at US$ 11047.08 Mn in 2023. Regionally, North America dominates the peripheral vascular devices market holding over 30% share in 2023 due to supportive reimbursement policies and higher healthcare spending. The Asia Pacific peripheral vascular devices market is expected to grow the fastest over the forecast period with a CAGR of around 9% due to growing medical tourism and increasing healthcare investments in emerging countries like India and China. Key players operating in the peripheral vascular devices market are Abbott Laboratories, Boston Scientific Corporation, Angioscore, Emboline Inc., Becton Dickinson, and Company, Cook Group Inc., Cordis Corporation, Covidien PLC, Edward Lifesciences Corporation, Medtronic Plc, St. Jude Medical, and Bayer AG. Abbott Laboratories holds the leading market share due to its diversified product portfolio and strong global presence. Read More: https://www.dailyprbulletin.com/peripheral-vascular-devices-market-overview-growth-demand/ Increased offshore drilling activities projected to boost growth of the Oilfield Drill Bits Market11/30/2023 Market Overview:
Oilfield drill bits are used in oil and gas drilling activities to create wellbore for extracting oil and gas resources. The main types of oilfield drill bits include fixed cutter bits, roller cone bits, and polycrystalline diamond compact (PDC) bits. Fixed cutter bits and PDC bits are mainly used in horizontal and directional drilling. Roller cone bits are used in vertical drilling in shallower wells of up to 3,000 meters depth. Increasing oil and gas exploration and production activities globally, especially in offshore regions is driving the demand for advanced oilfield drill bits. Market key trends: One of the key trends in the oilfield drill bits market is increasing adoption of PDC drill bits. PDC drill bits have significantly higher drilling rates compared to conventional roller cone bits, especially in horizontal and directional drilling. PDC drill bits provide better penetration rates, generate less torque, and have longer life span. As offshore and unconventional onshore drilling projects increase in complexity, demand for PDC drill bits are growing. Innovation in PDC cutter design, casing design, and materials is further enhancing drilling efficiency of PDC bits. Growing investments in offshore and deepwater oil & gas projects by major companies will continue to propel the demand of technologically advanced PDC drill bits during the forecast period. Porter’s Analysis Threat of new entrants: The threat of new entrants is moderate due to high capital requirements for setting up manufacturing units and establishing brand value in a competitive market. Bargaining power of buyers: The bargaining power of buyers is high due to the presence of many established players and substitutes offering competitive products. Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are multiple raw material suppliers and switching costs are low. Threat of new substitutes: The threat of substitutes is low as oilfield drill bits have few close substitutes and are essential for drilling operations. Competitive rivalry: Competition is intense with the presence of global and regional players differentiating through product quality and innovation. Key Takeaways The Global Oilfield Drill Bits Market is expected to witness high growth, exhibiting CAGR of 5.5% over the forecast period, due to increasing drilling activities around the world requiring continuous supply of drill bits for oil and gas exploration. Regional analysis: North America dominated the global market in 2023 with over 40% share, led by the growing shale activities in the US. Asia Pacific is expected to exhibit the fastest growth through 2030 supported by increasing E&P projects and rising demand from China, India and Indonesia. Key players operating in the Oilfield Drill Bits Market are Baker Hughes Inc., Drill Master Inc, Ulterra Drilling Technologies, National Oilwell Varco Inc., Halliburton Inc., Schlumberger, Atlas Copco AB and Scientific Drilling International Inc. Key players are focused on developing advanced bit designs for directional drilling and expanding product portfolio through strategic collaborations. Read More: https://www.dailyprbulletin.com/oilfield-drill-bits-market-growth-demand-and-overview/ Market Overview:
Bladder liners are wearable pads worn over the bladder to prevent embarrassing episodes of urine leakage. They absorb urine and help manage incontinence issues. The liners are made from breathable and absorbent materials such as cotton, microfiber, or super absorbent polymers. They offer discretion and comfort to users suffering from incontinence conditions. Market key trends: Rising prevalence of urinary incontinence is a key factor driving the bladder liners market growth. Urinary incontinence refers to inadvertent leakage of urine and affects millions of people worldwide. According to the National Association for Incontinence, urinary incontinence affects nearly 25 million Americans alone. Factors such as increasing aging population and growing number of childbirths contribute to the rising urinary incontinence cases globally. Technologies involved in manufacturing of bladder liners have advanced in terms of absorbency and discretion. Thin liners that resemble underwear are now available which enhances user comfort and adoption. Porter’s Analysis Threat of new entrants: Low capital requirements for manufacturing and suppliers help new players enter the market easily. However, established brands enjoy strong brand recognition and supply chain networks, lowering chances of success for new entrants. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitute products. Switching costs are low for buyers. Bargaining power of suppliers: Suppliers of raw materials like latex and plastic films have moderate bargaining power due to wide availability of substitute materials that can be used by manufacturers. Threat of new substitutes: Alternative absorbent products and incontinence devices pose threat of substitution. However, bladder liners are affordable and offer convenience. Competitive rivalry: Intense due to presence of global and regional players competing on basis of product performance, quality, and price. SWOT Analysis Strengths: Affordable price point and convenience of use. Strong supply chain and branding of major players. Weaknesses: Threat from substitutes offering enhanced features. Bladder liners are disposable products generating waste. Opportunities: Growing elderly population suffering from incontinence. Rising awareness about personal hygiene. Threats: Stringent regulations on material usage and waste disposal. Economic slowdowns impacting discretionary spend. Key Takeaways The Global Bladder Liners Market Share is expected to witness high growth, exhibiting CAGR of 7.1% over the forecast period, due to increasing prevalence of urinary incontinence among elderly population. As per estimates, over 25 million Americans suffer from urinary incontinence causing large scale usage of bladder liners and other protective underwear. Regionally, North America currently dominates the bladder liners market and is expected to maintain its leading position during the forecast period as well. High spending on healthcare, rising geriatric population, and growing awareness about incontinence are some key factors propelling the North America bladder liners market. The Asia Pacific region is projected to witness fastest growth due to improving access to healthcare in countries like India and China apart from high unmet needs. Key players operating in the bladder liners market are Domtar Corporation, Medline Industries Inc., Cardinal Health, Attends Healthcare Products Inc., Kimberly-Clark Corporation, Dynarex Corporation, Tanga.com, Sarasota Medical, SCA, First Quality Enterprises Inc., Prevail, Cypress Medical Products LLC, Shield Healthcare LLC, 3M, McKesson Corporation, Ontex. Major players are focusing on new product launches, partnerships and expansion in emerging markets to strengthen their position. Read More: https://www.dailyprbulletin.com/bladder-liners-market-trends-size-and-share-analysis/ Market Overview:
Benzodiazepines are a class of psychoactive drugs that are mostly used to treat conditions such as anxiety, insomnia, agitation, seizures, alcohol withdrawal, and muscle spasms, among others. Benzodiazepines act on the brain by enhancing the effect of the neurotransmitter gamma-aminobutyric acid (GABA). They are commonly prescribed for short-term relief of severe anxieties and panic attacks. Some of the most commonly used benzodiazepine drugs include alprazolam, clonazepam, diazepam, and lorazepam. The increasing prevalence of anxiety and insomnia globally has led to a rise in the use of benzodiazepines for treatment, thus driving the market growth. Market key trends: One of the key trends in the benzodiazepine drugs market is the increasing focus on developing novel long-acting benzodiazepines. Conventional benzodiazepines have short half-lives, which necessitate frequent dosing and lead to issues with compliance. Long-acting benzodiazepines would provide relief for a longer duration after each dose. Companies are conducting clinical trials to test new formulations with extended release properties. For instance, in 2022, Sage Therapeutics announced positive topline results from a Phase 3 study of its investigational oral once-daily brexanolone, a novel positive allosteric modulator of GABA-A receptors, for the treatment of postpartum depression. Porter’s Analysis Threat of new entrants: The benzodiazepine drugs market requires high R&D investment and regulatory approvals. Also, existing key players have established brand value which makes difficult for new players to enter. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and different treatment options. However, established prescription of benzodiazepine drugs increases switching costs. Bargaining power of suppliers: The presence of many raw material suppliers reduces the bargaining power of suppliers in this market. Threat of new substitutes: Alternate treatment options like antidepressants, anti-anxiety drugs are substituting benzodiazepine drugs. However, strong brand loyalty and low prices increase substitution threat. Competitive rivalry: The market comprises many global and local players. Intense competition exists based on product differentiation, pricing, and marketing strategies. Key Takeaways The global Benzodiazepine Drugs Market Size is expected to witness high growth, exhibiting CAGR of 3.2% over the forecast period, due to increasing prevalence of anxiety and insomnia disorders. Regional analysis: North America dominates the global market due to the increasing healthcare spending. However, Asia Pacific is expected to witness fastest growth owing to rising geriatric population and improving healthcare infrastructure in emerging economies. Key players operating in the Benzodiazepine Drugs market are F.Hoffmann-La Roche Ltd., Torrent Pharmaceuticals Ltd., Mallinckrodt Pharmaceuticals, Pfizer Inc., Viatris Inc. (Mylan N.V.), Labiana Pharmaceuticals, Bausch Health Companies, Inc., Teva Pharmaceutical Industries Ltd., Amneal Pharmaceuticals LLC, Sun Pharmaceutical Industries Ltd., Aurobindo Pharma, Par Pharmaceutical, and Intas Pharmaceuticals Ltd. Read More: https://www.dailyprbulletin.com/the-growth-of-benzodiazepine-drugs-market-share/ Market Overview:
Pleural diseases are diseases that affect the pleura, the thin, double-layered membrane surrounding the lungs and lining the chest cavity. Some common pleural diseases include pneumothorax, pleurisy, mesothelioma, and pleural effusion. Drugs used in management of pleural diseases are analgesics, antibiotics, antifibrotics to prevent recurrence of diseases. Further, thoracentesis procedures and pleurodesis surgeries are also performed as treatment options. Market key trends: Increasing prevalence of lung cancer is estimated to boost the pleural diseases market growth over the forecast period. Lung cancer is one of the leading causes of death among all cancers globally. The disease often spreads to the pleura resulting in pleural effusion or mesothelioma. According to the World Health Organization, over 2 million new lung cancer cases and nearly 1.8 million lung cancer deaths are recorded worldwide each year. In addition, rising cases of esophageal cancer, breast cancer, and other cancers that metastasize to pleura is also fueling the market growth. Furthermore, technological advancements in diagnosis and treatment such as image-guided drainage procedures and multimodal therapies will support the market expansion. Porter’s Analysis Threat of new entrants: The high capital investment required for R&D and clinical trials poses a barrier for new entrants in the pleural diseases market. Bargaining power of buyers: The presence of many established brands and treatment alternatives gives buyers bargaining power in terms of price and quality. Bargaining power of suppliers: Suppliers of raw materials and intermediates have some bargaining power due to the stringent quality standards and regulations in the pharmaceutical industry. Threat of new substitutes: The threat of new substitutes is moderate as technological advancements can lead to new treatment alternatives. Competitive rivalry: Intense competition exists between existing players to capture market share through product innovation and portfolio expansion. SWOT Analysis Strength: Wide product portfolio and strong brand presence of major players. Innovation is core strength of key companies to sustain in the market. Weakness: High capital requirements and stringent regulations increase entry barriers. Risk of drug failure and side effects during clinical trials. Opportunity: growing geriatric population susceptible to pleural diseases. Emerging economies offer lucrative opportunities due to growing healthcare expenditures. Threats: Patent expiries of blockbuster drugs. Price control policies and healthcare reforms pose challenges. Key Takeaways The Global Pleural Diseases Market Demand is expected to witness high growth, exhibiting CAGR of 6.8% over the forecast period, due to increasing prevalence of chronic respiratory disorders, tuberculosis and cancer. Regional analysis: North America dominates the pleural diseases market currently. However, Asia Pacific is expected to grow at a high CAGR during the forecast period owing to rising healthcare spending, large patient pool and increasing awareness about disease treatment. Key players operating in the pleural diseases market are Johnson & Johnson, AstraZeneca, Novartis International AG, Roche Holding AG, Bristol Myers Squibb, Merck & Co. Inc., Pfizer Inc., GlaxoSmithKline plc, Boehringer Ingelheim International GmbH, Sanofi, AbbVie Inc., Eli Lilly and Company, Takeda Pharmaceutical Company Limited, Bayer AG, Celgene Corporation. The key players are focusing on partnerships, new product launches and increasing R&D investments for portfolio expansion. Read More: https://www.dailyprbulletin.com/the-global-pleural-diseases-market-value-analysis/ Market Overview:
PEEK implants are medical devices made of polyetheretherketone (PEEK), a semi-crystalline thermoplastic that has similar properties to human bone. It is used to replace or regenerate bone tissues lost due to trauma, disease, or defect. PEEK implants provide greater flexibility and comfort over metallic implants as it is radiolucent and biomechanically compatible with bone and soft tissues. They can be used in spine and spinal fusion surgery, joint replacements, and dental and cranial reconstructive surgeries. PEEK implants minimize implant rejection, offer resistance to corrosion and stress shielding, and prevent metal irritation to promote faster healing. Market key trends: Growth in the 3D printing technology and computer-aided surgery is boosting demand for personalized PEEK implants. 3D printing allows accurately replicating patient's anatomy which helps in pre-surgical planning, enhances surgical accuracy, and reduces post-operative complications. It permits fabricating PEEK implants of complex shapes and porous structures to promote osseointegration. This, in turn, is driving adoption of 3D printed PEEK implants in spine surgeries. It reduces surgery time, shortens hospital stay, and improves clinical outcomes. Additionally, rising prevalence of degenerative joint diseases like osteoarthritis and spondylosis is increasing number of joint and spine replacement surgeries. This is anticipated to propel the growth of PEEK implants market during the forecast period. Porter’s Analysis Threat of new entrants: The threat of new entrants is moderate as the PEEK Implants Market Demand requires huge capital investments and infrastructure. Also, established key players dominate the market. Bargaining power of buyers: The bargaining power of buyers is low due to the availability of limited alternatives and new disease conditions. Bargaining power of suppliers: The bargaining power of suppliers is moderate as the raw materials used in PEEK implants are available and suppliers have established supply chains. Threat of new substitutes: The threat of new substitutes is low as PEEK implants have advantages over conventional implant materials and there are no close substitutes. Competitive rivalry: High as key players compete on product quality, reliability and innovation. Key Takeaways The global PEEK implants market is expected to witness high growth, exhibiting CAGR of 8.6% over the forecast period, due to increasing prevalence of orthopedic diseases and rising number of implant surgeries. Regional analysis: North America dominates the global PEEK implants market due to the high prevalence of degenerative bone diseases in the region. Moreover, increasing number of spinal fusion surgeries in the U.S and Canada is also anticipated to drive the market growth. Asia Pacific exhibits the fastest growth rate during the forecast period due to growing geriatric population, increasing healthcare spending and emergence of regional key players. Key players: Key players operating in the PEEK implants market are Invibio, PEEK Implants by Cendres+Métaux, SisoMM, and MKPrecision. Evonik Industries AG is one of the leading supplier of PEEK polymers to the implant manufacturers. The key players mainly compete on product quality, reliability and innovation. Read More: https://www.dailyprbulletin.com/ai-is-fueling-the-growth-of-peek-implants-market/ Market Overview:
Paper cones are highly versatile and sustainable packaging solution used extensively for winding packaging films, aluminum foils and papers. Paper cones provide lightweight and cost-effective packaging solution along with tamper evident packaging, which makes them suitable for various end-use industries like paper, textile, food and beverages. Paper cones offer advantages like moisture resistance, printability, recyclability and consistent product feeding during unpacking. Market key trends: The growth of paper cone market is majorly driven by increasing demand from paper packaging industry. Paper cones are primarily used for winding packaging films and papers used in food, beverage and various other industries. Growing consumption of packaged foods and ready-to-eat meals has increased the demand for various packaging films and papers, which in turn is boosting the consumption of paper cones. Further, the stringent regulations regarding use of plastics and preference for sustainable packaging solutions is favoring the growth of paper cones market. Various innovations in paper cones like addition of window feature are further enhancing their applications. Manufacturers are focusing on development of paper cones made from recycled content to capitalize on sustainability trend. Porter’s Analysis Threat of new entrants: The paper cone market has moderate threat of new entrants due to high capital requirement for setting up paper cone manufacturing plants. However, the growing demand for paper cones provides opportunities for new players. Bargaining power of buyers: The bargaining power of buyers in the paper cone market is high due to the presence of many established players providing the products. Buyers can easily switch between various suppliers depending on price and quality. Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw materials required for paper cone manufacturing such as paper are widely available from multiple sources. Threat of new substitutes: The threat of substitutes is low as there are limited substitutes for paper cones available in the market. However, plastic cones provide tough competition. Competitive rivalry: The competitive rivalry in the market is high due to many global players competing for market share. SWOT Analysis Strength: The Paper Cone Market Demand is experiencing high growth owing to increasing usage of paper cones in various end-use industries such as food, construction, etc. Paper cones are cost-effective and environmental friendly. Weakness: Fluctuations in the prices of raw materials increase the production cost of paper cones affecting the profit margins of manufacturers. Large capital requirement poses challenges for small players. Opportunity: Growth in e-commerce industry stimulates the demand for paper cones for packaging purposes. Rising construction activities in developing nations boost the consumption of paper cones in concrete applications. Threats: Strict environmental regulations regarding usage of plastics limit the scope of paper cones. Developments in alternative packaging solutions threaten the growth of paper cone market. Key Takeaways The global paper cone market is expected to witness high growth, exhibiting CAGR of 7.3% over the forecast period, due to increasing demand from food industry for packaging applications. The market size for paper cone is estimated to reach US$ 13.85 billion by 2030 from US$ 8.05 billion in 2023. Regional analysis The Asia Pacific dominates the global paper cone market and is expected to maintain its leading position during the forecast period. This is attributed to rapid industrialization, rising population, and expanding construction sector in the region. China represents largest market for paper cones in Asia Pacific due to presence of abundant raw material sources and rapid growth of food packaging industry. Key players Key players operating in the paper cone market are Huhtamaki Oyj, Conitex Sonoco, Tubettificio Senese S.r.l., A.C.M.I. S.p.A., PTM Packaging Pvt. Ltd., Sonoco Products Company, Paper Machinery Corporation, Raeed Company, SUNRISE PAPER INDUSTRY CO., LTD., Fujian Minqing Technology Co.,Ltd, Fulistar New Material Technology Co., Ltd., Xinhe Paper Cone Making Machinery Co., Ltd., Global Sources, Jaiding Paper Products Co., Limited, Ace Paper Products Company, Dongguan City Leyu Paper Products Co., Ltd., Jiangyin Golden Bridge Printing & Packaging Machinery Co., Ltd, Shenyang Beizhi Paper Machinery Co., Ltd., KU Sodalamuthu And Co. Pvt Ltd, National Paper Products. Read More: https://www.dailyprbulletin.com/paper-cone-market-growth-demand-and-share/ Market Overview:
Quick commerce refers to delivery of goods within a few minutes of order placement through a mobile application. The business model relies on a dense network of micro-fulfillment centers to enable ultra-fast fulfillment and delivery. Key products delivered through quick commerce include groceries, fresh produce, cooking essentials and ready-to-eat meals. The market is witnessing increasing traction as consumers look for instant gratification and convenience when purchasing daily essential products. Market Dynamics: Growing consumer demand for quick delivery of orders is a major factor driving growth of the Europe quick commerce market. Consumers look for instant gratification and convenience, prompting them to opt for services that offer delivery within 10-30 minutes. Additionally, increasing penetration of smartphones and high-speed internet connectivity has further boosted adoption of quick commerce applications in the region. Moreover, rapid expansion of micro-fulfillment centers by key players to establish dense delivery networks across major cities is also fueling market growth. However, high operating costs associated with establishing micro-fulfillment centers and managing quick delivery operations pose a challenges to market players. SWOT ANALYSIS Strength: The Europe Quick E-Commerce (Quick Commerce) Market benefits from strong tailwinds from expanding digital infrastructure and elevated demand for instant delivery services. Quick-commerce platforms provide unmatched convenience by delivering groceries and daily essentials within 10-20 minutes. Customers enjoy a hassle-free shopping experience through simple navigational interfaces and quick checkouts. Weakness: Quick-commerce operations involve high fulfillment costs associated with maintaining microwarehouses across cities. Meeting delivery timelines of under 30 minutes is also operationally challenging. Resource constraints and limited product assortments relative to regular e-commerce can negatively impact the customer value proposition. Opportunity: Rising smartphone and internet penetration offer a massive addressable market for quick commerce platforms. Younger demographic cohorts are increasingly adopting mobile shopping habits and expect instant gratification. Strategic partnerships with retail chains provide an opportunity to source goods in bulk while expanding inventory selections. Threats: Dominant food delivery players are entering the quick commerce space, intensifying competition. Traditional brick-and-mortar stores can replicate aspects of the quick commerce experience to defend their market share. Macroeconomic headwinds including high inflation and concerns over recession may dampen discretionary spending on instant deliveries. Key Takeaways The global Europe quick e-commerce market is expected to witness high growth, exhibiting a CAGR of 38% over the forecast period, due to increasing digital adaptability among younger consumers. Rapid spread of 5G networks across major European cities facilitates on-demand delivery capabilities. Western Europe represents the largest and fastest growing regional market for quick commerce, accounting for nearly 50% share. Countries like Germany, UK and France have exhibited strong demand momentum underpinned by high urbanization and smartphone proliferation. Key players operating in the Europe quick e-commerce market are Getir, Gorillas, Gopuff, Just Eat Takeaway, Delivery Hero, Jokr, Flink, Zapp, Uber Eats, Wolt, Bolt, and Deliveroo. Key players are investing heavily in scaling operations through partnerships and acquisitions to gain foothold across strategic markets. Read More: https://www.marketwebjournal.com/the-new-avenue-for-europe-quick-e-commerce-market/ |
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March 2024
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