3 Key Insights on US$ 60 Bn Opportunity in Global Packaging Machinery Market: Ken Research

 Packaging machinery is a device that is widely used to package products and components. It performs a variety of functions such as filling, container cleaning, bagging, packing, bottling, sealing, wrapping, shrink film, labeling, inspection and weight checking, and many others. It is primarily employed for the final step of the manufacturing and first step of transportation. Packaging machinery is required by various logistic organizations to package their products before shipping.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Increasing Demand for Efficient Packaging Machinery in Various Industries Encourage Market Growth

Packaging Machinery is widely adopted by manufacturers of various industries such as food & beverages, pharmaceuticals, personal care, and others to package goods. The increasing popularity of the e-commerce sector coupled with the rising penetration of the internet and online retailing in the different sectors is likely to boost the demand for packaging as well as packaging machinery. However, the requirement for high initial investment may impede the growth of the market.

The advancement in new technologies for packaging machinery to make it more efficient and environmentally friendly is creating immense opportunities for the growth of the Global Packaging Machinery Market.

According to Ken Research estimates, the Global Packaging Machinery Market – valued at around US$ 35 Bn in 2017 and estimated to reach nearly US$ 45 Bn by 2022 – is expected to grow to around US$ 60 Bn opportunity by 2028.

2. Growing Popularity of the E-Commerce Sector is Driving the Market Growth

The change in consumer purchasing behaviour for goods such as food & beverages, medicines, nutraceuticals, chemicals, and others along with the wide adoption of e-commerce service due to its convenience is expected to boost the demand for packaging, which in turn increases the demand for packaging machinery among manufacturers. In addition, millennials and Gen-Z prefer purchasing products online as it offers convenience, discounts, price comparisons, and other advantages. The increase in demand for consumer goods and increased penetration of the internet in the industry is expected to boost the demand for packaging machinery to package goods efficiently and temper proof.

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The below graph depicts the penetration of online services in retail industry in India.

3. Requirement for High Initial Investment in Packaging Machinery Pose the Most Significant Barrier to the Growth of the Market.

Automated and semi-automated packaging machines are highly expensive and difficult to afford for small and medium-scale manufacturers of any industry, which may hamper the growth of the market. Moreover, packaging machinery requires a lot of space to set up as they are huge and they need constant maintenance, which adds up to the cost of packaging machinery. The manual process for packaging is time-consuming and not feasible for any manufacturers. Thus, the requirement for a high amount of initial investment to purchase packaging machinery is expected to restrict the growth of the Global Packaging Machinery Market.

The below graph depicts the average cost for semi-automatic and automatic packaging machinery cost in US$.

Key Topics Covered in the Report

• Snapshot of the Global Packaging Machinery Market
• Industry Value Chain and Ecosystem Analysis of the Packaging Machinery Market
• Market size and Segmentation of the Global Packaging Machinery Market
• Historic Growth of the Overall Global Packaging Machinery Market and Segments
• Competition Scenario of the Packaging Machinery Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Packaging Machinery Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Packaging Machinery Market
• Future Market Forecast and Growth Rates of the Global Packaging Machinery Market and by Segments
• Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
• Analysis of the Packaging Machinery Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Production/Supply and Consumption/Demand Hubs in Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Packaging Machinery Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

• Krones AG
• Robert Bosch Gmbh
• Coesia
• M.A. Industria Macchine Automatiche S.P.A. 
• Langley Holdings Plc
• KHS Group
• CKD Corporation
• Barry-Wehmiller Companies
• The Adelphi Group of Companies
• Fuji Machinery Co.,Ltd.

Notable Emerging Companies Mentioned in the Report

• Tetra Laval
• Marchesini Group
• Aetna Group
• BERHALTER AG
• Syntegon Technology GmbH
• PAC Machinery
• Multivac

For more information on the research report, refer to below link:

Global Packaging Machinery Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

3 Key Insights on Competitive Landscape in the Global Cultured Meat Market: Ken Research

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Country-Niche Players Dominate the Market Holding nearly 70% of the Revenue Share Despite the Presence of about 100 Competitors Comprising Global Players, Regional Players, and Country-Niche Players find a recent market study on the Global Cultured Meat Market by Ken Research

Cultured meat, also known as cultivated meat, is animal meat that is produced by cultivating animal cells in laboratory conditions. Different kinds of techniques including cell culture media, scaffold-based techniques, and others are used to grow cultured meat.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Country-Niche players constitute ~90% of the Total Number of Competitors and hold ~70% of the Total Market Revenue

A comprehensive competitive analysis conducted during the Research Study found that the Global Cultured Meat Market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in the Cultured Meat Market. The regional players comprise ~8% in terms of the number of companies and hold about 25% of the market share. Key players in the market are focused on producing slaughter-free meat and are engaged in extensive research and development for advanced production methods or on reducing the prices of culture meat products to gain significant market share.

2. Leading Players Gaining Investment for Research and Development of  Cultured Meat Products

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Upside Foods, Aleph Farms, and Eat Just, Inc. among others are highly focused on gaining investment as well as on getting approval for their cultured meat products to introduce it in the market. Furthermore, big giants like Cargill, Tyson Foods, and others are investing heavily in startups of cultured meat to speed up the research and development process of cultured meat products., which is expected to boost the growth of the Global Cultured Meat Market.

• In January 2022, Tyson Foods announced the investment in Memphis Meats or Upside Foods, a food tech startup in cultured meat. Tyson aims for the investment to broaden its exposure to innovations and novel ways to produce meat to fulfill the growing demand for protein-rich products among consumers. Upside Foods aimed to use the investment to accelerate product development.
• In December 2021, Future Meat, an emerging cultured meat company based in Israel, raised US$ 347 million in investment. The investment round was co-led by ADM, an undisclosed tech investor, and Manta Ray Ventures. The company aimed to build a large-scale production facility in the USA as well as focused on obtaining USA approval for its cell-based chicken.

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3. Increased Government and Manufacturers Initiatives Promote Cultured Meat Market Growth and Development 

• In June 2021, the Chinese government announced a three-year government-funded initiative called “High-efficiency biological manufacturing technology of artificial meat”. Chinese government feels that cultured chicken production is in the national interest and thus funding various programs to accelerate the development process of cultured meat.
• In December 2020, Eat Just, Inc., a manufacturer of healthier and more sustainable food products with the help of cutting-edge science and technology, gained its first regulatory approval for its cultured chicken from Singapore. The company aims to deliver tasty, nutritious, and safe cultured chicken products to consumers and to extend its product line.

For more information on the research report, refer to the below link:-

Global Cultured Meat Industry

KSA Debt Collection Companies | KSA Debt Collection Market Trend – Ken Research

 Overview:

NPLs (Non-Performing Loans) by Saudi banks as a percentage of total gross loans have witnessed steady rise over the last five years thereby creating market opportunity for debt collection companies catering to the financing segment.

Debt collection companies strongly prefer to resolve debt collection matters without going to court. However, all collection companies have partnered with law firms to resolve cases through litigation.

Market:

The Debt Collection market in KSA is expected to grow at a double digit CAGR between FY ’21 and FY ’26 with new entrants facing fierce competition from the existing major players in the market.

Motor Insurance claims has the highest percentage share among net claims incurred by insurance companies in KSA. The major source of revenue for debt collection companies is the commission charged on recovered amount.

By Segments

Financing segment accounted for majority of debt collected, however, the non-finance segment has major share in total number of cases settled. With a low-ticket size of SAR 4,000, Non-finance segment have major share in total number of cases settled. With high ticket size of SAR 18,000, financing segment has low share in total cases settled.

By Geography

Cities of Riyadh, Jeddah and Dammam are the major geography from where debt is collected in KSA.

By Type of Firm

Debt Collection Firms have majority share in terms of amount of debt collected as well as number of cases settled as compared to Law firm cum Debt Collection Companies.

By Age of Firm

 

Relatively mature companies (12 years – 17 years) have highest share in debt collection as well as cases settled; likely due to recurring contracts from existing clientele.

By Sub-segmentation of Insurance

Motor insurance within insurance segment have majority share in terms of total debt collection & number of cases settled.

By Sub-segmentation of non-Finance

Telecommunication services and Utilities are the major sub-segments for debt collection within the non-finance segment.

By Sub-segmentation of Finance

Real estate within non-finance segment has majority share in terms of total debt collection & number of cases settled.

Competitive Landscape

The market is fragmented with presence of a large number of debt collection companies and law firms. The existing players in the market are majorly headquartered in the cities of Riyadh, Jeddah and Dammam. These companies vary largely on the basis of collection agents, Lawyers, number of employees. Apart from debt collection services, companies are also providing credit reporting/business advisory as value-added services to meet client requirements.

There exists a moderate threat of new entrants as they have to overcome various challenges like licensing requirements, capital requirements, access to a network of collection agents and lawyers, etc. However, as offerings of existing players are not much differentiated, new players can enter the market with competitive pricing and spending on marketing campaign.

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What Is the Future of KSA Debt Collection Market?

The Debt Collection Market in Saudi Arabia is anticipated to grow at a positive double digit CAGR for the period FY’21-FY’26F.

Future Trend: Artificial Intelligence and Machine Learning are enabling better recovery predictions and ongoing case management. Moreover, AI also helps with regulatory compliance. AI-based collections management software is bound to find higher usage in the coming years.

For more information on the research report, refer to below links:

Establishing A Debt Management Office in KSA

Related Reports

Collateralized Debt Obligation Market Research: Global Status & Forecast by Geography, Type & Application (2017-2027)

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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3 Key Insights on US$ 2.5 Bn Opportunity in the Global Microgreens Market: Ken Research

 Driven by the Increasing public awareness of health issues and the use of indoor Farming techniques, the Global Microgreens Market Is Forecasted to Reach nearly US$ 2.5 Bn By 2028 says Ken Research Study.

Microgreens are small and delicate vegetables that are harvested when they form two cotyledons, a cotyledon is the first leaf of the plant to emerge from the seed after germination. It offers numerous health benefits such as heart disease, Alzheimer’s, diabetes, and cancer. In addition, it can also be used in various dishes like soups, pizzas and pastas as a garnishing agent. Microgreens can be harvested using different farming techniques such as indoor farming, vertical farming, commercial greenhouses, and more, and are often used for residential and commercial purposes.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. The Microgreens Market Is Witnessing Steady Growth Owing to The Adoption of Microgreens for A Better and Healthy Lifestyle.

The microgreens market is witnessing steady growth owing to the increasing public awareness regarding health issues, which led to the adoption of microgreens for a healthy lifestyle. As microgreens are highly rich in fibers, antioxidants, minerals, and vitamins which significantly reduce the risks of severe problems like high blood pressure, high cholesterol, diabetes, and more. Furthermore, microgreens are widely used in restaurants for adding flavors to salads, soups, pizzas, and more as microgreens are very sweet-scented in nature.

According to Ken Research estimates, the Global Microgreens Market – valued at around ~US$ 1 billion in 2017 and estimated to reach nearly ~US$ 1.5 billion by 2022 – it is further expected to reach a market size of ~US$ 2.5 billion opportunities by 2028.

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2. The Rise in the Adoption of Indoor Vertical Farming Is Driving the Growth of the Global Microgreens Market.

Indoor farming refers to the production of agricultural products in a controlled environment, such as a building, where crops are given the necessary conditions, such as the right temperature, light, water, and growth media. Indoor Farming allows producers to take output in any season as well as increases land productivity, thus it is gaining significant popularity worldwide. Microgreens are said to be the ideal crops for indoor farming as it is small in size with rich in nutrients, minerals and vitamins also microgreens have short growth periods as compare to other vegetables thus making its harvesting time less and farmers is able to deliver new product per week to the market.

The below graphs depict the average harvesting time taken for microgreens indoor and outdoor (in days).

3. The Need for Soil Testing and high Production cost for microgreens Acts as a Major Challenge for the Market.

High initial cost and the lack of nutritional shortages in the soil such as nitrogen, and phosphorus acts as a major challenge for microgreens market. Soil provides the major source of nutrients to plants for growth. Soil nutrients such as nitrogen, phosphorus, and potassium are most important for healthy plant growth.

Thus, to check the required fertility and nutrients in the soil many countries are now providing soil tests which will help the farmers to check the health of the soil and use various methods to improve the fertility of the soil. Soil test is most important for the microgreens farming as the soil is only used once for each batch, thus top-quality soil is needed. Such that proper and authorized labs are required for reliable test results that can help farmers with microgreen farming.

The below graphs depict the Number of Soil Test labs in India Authorised by Indian Government (Top Five States).

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Key Players Mentioned in the Report

• AeroFarms
• Good Leaf Farms
• Fresh Origins
• Gotham Greens
• Madar Farms
• 2BFresh
• Farmbox Greens
• Living Earth Farm
• Metro Microgreens
• Chef's Garden

Notable Emerging Companies Mentioned in the Report

• FARM2FAM
• Leafood
• Plenty
• UGF Farming
• Living Food Company

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Microgreens Producers
• Microgreens Farm Owners
• Microgreens Industry Association
• Microgreens Marketing & Distribution Companies
• Microgreens Products Manufacturers
• Government Ministries and Departments of Agriculture
• Government Ministries and Departments of Food
• Government Ministries of Consumer Affairs, Food, and Public Distribution
• Venture Capitalists Targeting the Microgreens Industry
• Organic Farming Companies
• Organic Farming Cooperative Societies
• Farming Research Institutes

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: –

Global Microgreens Market: Ken Research

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Debt collection platforms integrated with latest technologies like configurable dashboards, automated report generated & artificial intelligence for regulatory compliance is transforming the debt recovery process in the Kingdom of Saudi Arabia: Ken Research

 KSA Debt Collection Market

Key Findings

• Increase in use of customer self-service (CSS) platforms offers tangible benefits, such as, lenders and collectors can get a single view of each consumer and their payment status, including automated follow-up actions and recommendations to streamline the collection process.
• As accounts are processed, they automatically move to the next activity based on defined rules, policies and procedures — while enforcing business rules through robust workflow policies and permissions.

Rise in Digital Collection Techniques:

For decades, the debt collection sector has used a phone-first technique, relying on the customer’s availability and willingness to respond to the debt collection action. However, this results in a terrible customer experience. Debt collection companies are resorting to digital collection techniques. This successfully engages customers by removing negative thoughts and emphasizes that the lenders are there to assist them.

Increasing Use of AI and ML for Recovery Predictions:

Artificial Intelligence and Machine Learning are enabling better recovery predictions and ongoing case management. Moreover, AI also helps with regulatory compliance. AI-based collections management software is bound to find higher usage in the coming years.

Distinctive Role of Collection Agents:

As the use of automation increases, the role of collection agents will become more nuanced. Collection agents will have to be adept at gauging consumer situations and providing them with solutions that are feasible, encouraging, and more likely to show results.

The report titled “KSA Debt Collection Market Outlook to FY'2026 – characterized by fierce competition and high growth prospects” provides a comprehensive analysis of the potential of the Debt Collection industry in Saudi Arabia. The report covers various aspects including the current debt collection scenario and status in KSA, market size on the basis of debt collected, number of cases settled and revenue, market share of debt collection companies, Market segmentation by the segments, by type and age of firm, by sub-segmentation of insurance, finance and non-finance segment. Major trends and developments, issues and challenges, government regulations, competition landscape and cross comparison. The report concludes with case studies, analyst recommendations and key market opportunities.

Key Segments Covered in KSA Debt Financing Market:

• By Segments
  • Insurance
  • Financing
  • Non-Finance

• By Type of Firm
  • Debt Collection Companies
  • Law Firm cum Debt Collection Companies

• By Age of Firm
  • 2-7 years
  • 7-14 years
  • 12-17 years

• By Geography
• Riyadh Province
• Maddah Province
• Eastern Province
• Al Baha Province
• Al Jawf Province
• Northern Borders Province
• Qassim Province
• Ha’il Province
• Tabuk Province
• Aseer Province
• Jizan Province
• Najran Province

• By Sub-Segment of Insurance Segment
• Motor
• Property/Fire
• Accident & Liability

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By Sub-Segment of Non-Finance Segment

• Commercial and Professional Services
• Consumer Services
• Energy
• Food & Beverages
• Real Estate Management and Development
• Telecommunication Services
• Transportation
• Utilities

• By Sub-Segment of Finance Segment
• Real Estate Financing
• Retail Real Estate Financing
• Corporate Real Estate Financing

Companies Covered

• Alwasl National Debt Collection Co.
• Alkhorayef Collection
• Future Solutions
• Taswia
• Fuel Collection
• Estrdad Alassol Co. Ltd.
• Marsoom (Sadad)
• Ejada
• Maharah Debt Collection
• Excellent Solutions Co.
• Hololona Company Ltd.
• Qemma
• Hazim Al Madani Law Firm
• Abdullah A. Al Fallaj Law Firm
• Eyad Reda
• Alaskari Law Firm

Key Target Audience

• Existing Debt Collection Companies
• Law Firms
• Financing Companies
• Non-Financing Companies
• Insurance Companies
• Debt Collection & Management software providers
• Government Agencies
• Finance Consultants
• Others

Time Period Captured in the Report: -

• Base Year: 2021
• Forecast Period: 2022-2026F

Key Topics Covered in the Report

• How is the Debt Financing Market positioned in KSA?
• Overview of Insurance, financing and non-finance sector in KSA
• KSA Debt Collection Market Ecosystem
• Growth Drivers, Trends and Developments in the market
• Government Regulations
• Porter’s Five Forces Analysis for KSA Debt Collection Market
• Market Size and Segmentation, 2021-2026F
• Competitive Landscape of KSA Debt Collection Industry
• Cross Comparison of Major Players using fundamental, operating model, clientele, geography and service offering parameters
• Case study & Analyst Recommendations
• Research Methodology

For more information on the research report, refer to below links:

Debt Collection Services in Saudi Arabia

Related Reports

Collateralized Debt Obligation Market Research: Global Status & Forecast by Geography, Type & Application (2017-2027)

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Key Insights on Competitive Landscape in Global Specialty Silica Market: Ken Research

 Few Global Players Dominate the Market despite the Presence of about ~200 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on the Global Specialty Silica Market by Ken Research

Specialty silica is manufactured in the form of round pebbles or fine powders and is further used as key additives in the formulation of several products for various end-use industries such as automotive, electronics, inks, coatings, and personal care products. Silica is a compound of silicon and oxygen (SiO2), two of the most common elements in the earth's crust. Silicon dioxide occurs naturally as agate, sand, quartz, cristobalite, and flint. It is one of the major constituents of dental porcelain, and in granular form serves as a dental abrasive and polishing agent.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Global Players Constitute ~10% of the Total Number of Competitors, While Country-Niche Players Dominate Representing ~55% of Total Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the global specialty silica market is competitive with ~200 players, including globally diversified players, regional players, and many country-niche players. The country-niche players comprise about ~55% in terms of the number of companies followed by regional players with ~35% of the total competitors. The players in the industry are manufacturing different types of specialty silica such as precipitated silica, fumed silica, fused silica, silica gel, and colloidal silica to be used in various different applications including rubber, plastic, paint & coatings, electrical & electronics, agricultural & feed, food & beverages, personal care, and others.

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The Rise in the Production of Electric Vehicles (EVs) is expected to be the Primary Driver of the Market.

Detailed comparative analysis of key competitors available within the Research Study shows that major players such as Cabot Corporation, Akzo Nobel N.V., Evonik Industries, Huber Engineered, Materials, Solvay, PQ, and others are highly focused on providing different types of specialty silica products that can be used across multiple end-user industries, including construction, automotive, research, electrical & electronics, and more. Furthermore, several companies and organizations are aggressively focusing on acquisitions and mergers with specialized players to develop different methods used to manufacture specialty silica.

• In May 2021, Lion Electric, a Canada-based manufacturer of commercial vehicles constructed its largest medium and heavy-duty EV plant in the country. The company invested US$ 70 million over a period of three years and set up a production plant with a capacity of 20,000 all-electric buses and trucks.

• In November 2021, Heraeus, a German manufacturer of specialty chemicals, acquired Korean company HS Advanced Materials Co. Ltd. For the expansion of its portfolio of semi-finished quartz materials. The acquisition helped the company to expand its portfolio and enter into the semiconductor industry.

• In August 2019, Evonik Industries AG, one of the leading manufacturers of specialty silica launched a new specialty product Spherilex 145 for the oral care industry. The product is an advanced toothpaste formula with silica ingredients.

[caption id="attachment_78230" align="aligncenter" width="660"]

The report covers Global Silicon Dioxide Market, Opportunities in Specialty Silica Market, Competitors in Specialty Silica Market, Specialty Silica Startups..[/caption]

Increased Government Initiatives and New Strategical Investments in the Construction Industry Promoted Silica Products that Led to Major Industry-Wide Developments, Acquisitions, and new production plants set-up in the industry.

• An initiative by the USA government to provide affordable homes to its residents, propelled the demand for paints & coatings in the region. For instance, in September 2021, the House Democrats passed the Build Back Better Act, which allocated financial aid of US$ 170 billion for affordable housing. Under the guidelines of the act, the government targets to build over one million affordable homes, which is expected to boost the demand for cement, coatings, rubbers, and other materials.

• In September 2022, the government of China announced to invest US$ 1,430 billion in major construction projects till 2025. According to the National Development and Reform Commission (NDRC), Shanghai has a total investment plan of US$ 38.7 billion to construct key infrastructures, whereas Guangzhou, signed 16 new infrastructure projects with the given investment of US$ 8.09 billion.

In May 2021, W. R. Grace and Co. completed the expansion of its manufacturing plant of silica gel in Kuantan, Malaysia. The plant caters to the rising demand from various industries such as biofuel, purification anti-blocking in plastic films and bags, leather, matting furniture, and coils.

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Key Topics Covered in the Report

• Snapshot of Global Specialty Silica Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Specialty Silica Market
• Historic Growth of Overall Global Specialty Silica Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Specialty Silica Industry
• Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
• Covid-19 Impact on the Overall Global Specialty Silica Market
• Future Market Forecast and Growth Rates of the Total Global Specialty Silica Market and Segments
• Analysis of Global Specialty Silica Market
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

• Cabot Corporation
• Akzo Nobel N.V.
• Evonik Industries
• Huber Engineered Materials
• Solvay
• PQ Corporation
• Madhu Silica Pvt. Ltd.
• Wacker Chemie AG
• PPG Industries, Inc.
• W. R. Grace & Co.

Notable Emerging Companies Mentioned in the Report

• AeroShield
• WaferPro
• Ultra HPQ
• Ashtamers Pvt.Ltd.
• Qingdao Hengze Silica Gel Products Co.,Ltd

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Specialty Silica Manufacturers
• Specialty Silica Suppliers
• Precipitated Silica Suppliers
• Fumed Silica Suppliers
• Fused Silica Suppliers
• Silica Gel Suppliers
• Colloidal Silica Suppliers
• Specialty Silica Distributors
• Emerging and Startup Companies in Specialty Silica
• Different Types of Specialty Silica Research Labs
• Government Ministries and Departments of Minerals
• Government Departments of Electronics
• Ministries and Departments of Paint & Coatings
• Importers and Distributors of Specialty Silica

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For More Information on the Research Report, refer to below links: –

Global Specialty Silica Market: Ken Research

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3 Key Insights on US$ 120 Bn Opportunity in the Global Composites Market: Ken Research

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Driven by a rise in demand from end-user industries like automotive and transportation along with improved qualities such as high strength and modulus, long fatigue life, acoustic insulation, reduced weight, and corrosion resistance, the Global Composites Market is Forecasted to Cross US$ 120 Bn by 2028 says Ken Research Study.

A composite is a substance created from two or more constituent substances. These ingredient substances, which differ significantly from one another chemically or physically, are combined to produce a substance having characteristics that are distinct from those of the constituent substances.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Increased Adoption of Composites in Various End-User Industries Have Increased the Market’s Growth Rate

According to Research estimates, the Global Composites Market – which was valued from around US$ 50 Bn in 2017 to nearly US$ 70 Bn by 2022 – is expected to grow further to more than US$ 120 Bn opportunity by 2028.

Some of the factors that propel the growth of the composites market over the forecast period include rising demand for lightweight materials and fuel-efficient vehicles in the transportation sector, rising carbon fiber usage in wind blades, soaring applications from construction and infrastructure appliances, and rising demand for glass fiber-reinforced composite pipes in sewage and water management.

2. High Growth Rate of Thermoplastic Composites is Benefiting the Market Growth

Thermoplastic composites are highly demanded by the end-user industries including automotive, aerospace, construction, oil and gas, and materials handling. The product's capacity to use quick cycle time thermoforming part manufacturing procedures, minimal moisture uptake requirements, and strong, damage-resistant material are the driving factors for its rise in the aforementioned industries.

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In many sectors, the substance has varied functions. In the aerospace and defense industries, thermoplastic composites, for instance, are used to minimize corrosion and the total weight of aircraft construction. In addition, compared to conventional materials, maintenance costs for aircraft made of composite materials have dropped significantly. Numerous qualities of thermoplastic composites include their excellent strength, small weight, resilience to the elements, and variety of surface textures.  

3. Improper Composite Waste Disposal to Stagnate the Market Growth 

A few of the challenges that are limiting the market include higher expenses, strict environmental regulations, and restrictions on waste disposal. Additionally, composite end-of-life waste management is coming under scrutiny due to the growing use of life cycle assessment as a component of the material selection process in several sectors.

For instance, the industry must address substantial societal and industrial difficulties because it is estimated that a significant percentage of waste in the UK ends up in landfills. Additionally, the rise in plastic garbage has forced governments all over the world to enact strict environmental regulations. The government's efforts to address the issues raised by plastic trash have been emphasized by the ban on single-use plastic in many nations which is posing pressure on the Global Composites Market.

Key Topics Covered in the Report

• Snapshot of the Global Composites Market

• Industry Value Chain and Ecosystem Analysis

• Market size and Segmentation of the Global Composites Market

• Historic Growth of the Overall Global Composites Market and Segments

• Competition Scenario of the Market and Key Developments of Competitors

• Porter’s 5 Forces Analysis of the Global Composites Market

• Overview, Product Offerings, and SWOT Analysis of Key Competitors

• COVID-19 Impact on the Overall Global Composites Market

• Future Market Forecast and Growth Rates of the Total Global Composites Market and by Segments

• Market Size of Fiber Type / End User Segments with Historical CAGR and Future Forecasts

• Analysis of the Composites Market in Major Regions

• Major Production / Consumption Hubs in the Major Regions

• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

• Overview of Notable Emerging Competitor Companies within Each Major Country

Major Players Mentioned in the report

• Huntsman Corporation LLC

• SGL Group

• Teijin Ltd

• CooperVision

• DuPont

• Owens Corning

• Toray Industries, Inc.

• Mitsubishi Chemical Holdings Corporation

• Solvay

• Exel Group

• DOW

Notable Emerging Companies Mentioned in the Report

• Capricorn Composite GmbH

• Aircraft Composites Sachsen GmbH

• Fibrolux GmbH

• Hexcel Corporation

• INEOS Enterprises

• Bally Ribbon Mills

For more information on the research report, refer to below link:

Global Composites Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

3 Key Insights on Competitive Landscape in the Global Food & Beverage Disinfection Market: Ken Research

 Regional Players Dominate the Market Holding nearly 40% of Revenue Share Despite the Presence of about 150 Competitors Comprising Global Players, Regional Players, and Country-Niche Players find a recent market study on the Global Food & Beverage Disinfection Market by Ken Research

Food & beverage disinfectant plays a major role in health and hygiene. Disinfection is a technique that eliminates microorganisms like bacteria, fungi, and others, that can cause early deterioration and foodborne illness.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Regional players constitute ~45% of the Total Number of Competitors and hold ~40% of the Total Market Revenue

A comprehensive competitive analysis conducted during the Research Study found that the Global Food & Beverage Disinfection Market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in Food & Beverage Disinfection Market. The global players comprise ~15% in terms of the number of companies and hold about 25% of the market share. Key players in the market are focused on introducing industry-specific disinfectant products in the market and in gaining governmental approvals for their products to gain significant market share.

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Leading Players Focused on Launching New Disinfectant Solutions for Food & Beverage Industry

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Evoqua Water Technologies LLC, Evonik Industries AG, Solvay, and Stepan Company among others are highly focused on introducing new food & beverage disinfection products or solutions. Furthermore, companies are also seeking governmental approvals and are highly focused on expanding their business in other regions, which is expected to boost the growth of the Global Food & Beverage Disinfection Market.

• In June 2022, Evoqua Water Technologies LLC, a manufacturer of water and wastewater treatment solutions, opened a new 30,000-square-foot facility in the UK. The new site will serve as the company’s global center for its UV disinfectant products and it includes space for research & development, manufacturing, dedicated training space, and meeting space. The opening of a new facility helps the company in expanding its business.
• In June 2022, Kemin Industries, Inc. launched two new antimicrobial and disinfection solutions named KEEPER AND OXINE. Both products are complimented by the company’s patented activation and application systems. The new solution is effective against various foodborne pathogens and offers food safety to the manufacturers without compromising the taste and texture of the product. The company aimed to expand its product portfolio with the launch of new solutions.

Increased Government Initiatives for Food Safety Promote Food & Beverage Disinfection Market Growth and Development

• Food Safety and Standards Authority of India (FSSAI) laid food hygiene and safety guidelines for food businesses during the COVID-19 pandemic. The foremost regulations for food establishments including production areas, stores, packaging areas, service areas, waste disposal areas, transport vehicles, and others shall be cleaned with soap and water, followed by disinfection with quaternary ammonium compounds or any other disinfectants that are found to be effective against coronavirus. In addition, the food service area should be thoroughly cleaned and disinfected after every meal prepared. Many more regulations are implemented in the food & beverage industry by the government to ensure food safety and to curb the situation.

For more information on the research report, refer to below link:

Global Food & Beverage Disinfection Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

3 Key Insights on the US$ 120 Billion Opportunity in the Global Bearings Market: Ken Research

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Driven by the increasing demand for electric vehicles, and continuous product development as per the market requirement. The Global Bearings Market is forecasted at approximately US$ 120 Bn by 2028 says Ken Research Study.

Bearings are parts that assist in the rotation of an object. Bearings support the shaft that rotates inside the machinery. Machines that have the usage of bearings include automobiles, airplanes, electric generators, and others. They are also used in household appliances such as refrigerators, vacuum cleaners, air-conditioners, and others. The bearing supports the rotating shaft of the wheels, gears, turbines, rotors, and various other applications.

“Ken Research shares 3 key insights on this high-opportunity market from its latest research study.”

1. Product Development, Expansion, and Collaboration among Players are Driving Factors for Bearings Market.

According to Ken Research Analysis, the Global Bearings Market was valued at US$ 55 billion in 2017, it is estimated to be ~US$ 80 billion in 2022 and is forecasted to reach a market size of ~US$ 120 billion opportunities by 2028, owing to regular upgradation in the bearing product line, according to the customer demands.

For Instance, In April 2021, NSK developed a third-generation high-speed ball bearing for electric vehicle (EV) motors capable of operating at over 1.8 million dmN (Measurement of bearing rotational performance).

Furthermore, In March 2021, SKF invests US$ 36.50 million in expanding and modernizing its manufacturing facility in Airasca, Italy. The investment will bring the manufacturing of super precision bearings (SuPBs) for industrial application.

2. Increasing Vehicle Production, and Rising Demand for Electric Vehicle Cars, are Fueling the Growth in Bearings Market.

Bearing is an important component installed in a vehicle. On average, one passenger vehicle requires 35 type of bearings, which may substantially be varied depending on the model and technology used in the vehicle. All moving parts of the automobile, require bearing to function. Bearings are used in engines, gearboxes, transmissions, wheels, steering, electrical motors, pumps, and others.

According to Japan External Trade Organization, domestic automobile production in 2019 was 9.68 million units and domestic automobile sales in the same year were 5.2 million units. The growing automotive industry will directly propel the growth of the bearing market.

The International Organization of Motor Vehicle Manufacturers (OICA), an organization working in the interest of vehicle manufacturers and assemblers, stated that vehicle production increased by 3% from 2020 to 2021 after declining by 13% from 2019 to 2020. Increasing the production and sales number of automobiles will directly help the bearings market to grow.

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3. Higher Raw Material Prices are Likely to Hamper the Growth of the Bearings Market.

Bearing is made from different types of materials such as steel, ceramic, plastic, and others. The most common type of bearing is manufactured through high-carbon chromium steel, often called chrome steel. The high raw materials prices of manufacturing bearings are hampering the growth of the market. During the COVID-19, the prices of steel have declined significantly but as the demand surged and supply reduced due to the low production volume, the prices of these materials have soared to an all-time high, owing to the prices of bearings also fluctuating and restraining the growth of the market.

Key Topics Covered in the Report: -

Snapshot of the Global Bearings Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of the Global Bearings Market

Historic Growth of the Overall Global Bearings Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Bearings Industry

Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors

COVID-19 Impact on the Overall Global Bearings Market

Future Market Forecast and Growth Rates of the Total Global Bearings Market and by Segments

Market Size of Application / Material Type Segments with Historical CAGR and Future Forecasts

Analysis of the Global Bearings Market

Major Production/Supply and Consumption/Demand Hubs in Each Major Region

Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Continent

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Major Players Mentioned in the Report

SKF

JTEKT Corporation

Regal Rexnord Corporation

Schaeffler AG

NSK Ltd.

NTN Corporation

The Timken Company

MinebeaMitsumi Inc.

HKT Bearings Ltd.

Nachi-Fujikoshi Corporation

Notable Emerging Companies Mentioned in the Report

Liaocheng SAST Bearing Co., Ltd

Hangzhou DingTeng Industrial Co., Ltd.

Rotycan Turbotech Pvt. Ltd

CEC Bearings

Industria Bearings & Transmissions Ltd.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Bearings Manufacturing Companies

Bearings Material Suppliers

Potential Investors in Bearings Companies

Steel Bearings Producers

Ceramic Bearings Producers

Bearing Accessories Manufacturers & Suppliers

Consulting Companies in the Bearings Market

Government and Research Organizations Working in Bearings Industry

Investment Banks Targeting Bearings Industry

Company Research and Development Institutes

Market Research & Consulting Firms

Banking and Financial Service Providers

Auto Component Manufacturers

Government & Regulatory Authorities

Testing & Inspection Companies

Time Period Captured in the Report: -

Historical Period: 2017-2021

Forecast Period: 2022-2028F

For More Information on the Research Report, Click on the Below Link: - 

Global Ball Bearing Market Analysis

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3 Key Insights on the US$ 500 Bn Opportunity in Global Nutraceuticals Market

 Driven by the Increasing Old Age Population and Rising Demand for Fortified Food Products, the Global Nutraceuticals Market is forecasted to Cross US$ 500 Bn by 2028 says Ken Research Study.

Nutraceutical is a broad term used to describe products derived from food sources that provide additional health benefits in addition to the basic nutritional value found in food. These products can be classified based on the natural source, the pharmacological condition, and the chemical composition of the product. Nutraceuticals are most commonly classified into four categories, including dietary supplements, functional foods, medicinal foods, and pharmaceuticals. Nutraceuticals have potential nutritional, safety, and therapeutic benefits. These products are considered a healthy source for preventing life-threatening ailments such as diabetes, kidney, and gastrointestinal ailments, and various other infections.

 “Ken Research shares 3 key insights on this high-opportunity market from its latest research study”

1. Increasing Geriatric Population and Rising Incidence of Chronic Diseases Provide an Opportunity for the Market Growth   

According to Ken Research Analysis, the Global Nutraceuticals Market was valued at ~US$ 250 billion in 2017. It is estimated to be ~US$ 350 billion in 2022 and is forecasted to reach a market size of ~US$ 500 billion by 2028, growing at a CAGR of ~7% during 2022 to 2028.

Aging is a complex and inevitable biological process associated with many chronically debilitating health effects. Nutraceuticals are entering the healthcare market as a simple and attractive means of disease prevention. The products are of interest to an increasingly health-conscious society and may be of particular relevance in preventing or delaying various age-related diseases.

The percentage of people over 65 who use nutraceuticals is higher than any other age group and has doubled in recent years. Aging is associated with weakened immunity, increased morbidity and mortality from infectious agents, and poor nutritional status. Nutraceutical products can improve micronutrient status, and the regular use of nutraceuticals by the elderly population may provide an opportunity to enhance immunity and metabolic disorders.

2. Rising Awareness Regarding Health & Wellness and Increasing Demand for Fortified Food Products is Fuelling the Market Worldwide 

Nutraceuticals encompass a wide variety of food-derived product categories due to increasing consumer awareness of potential health benefits and the need for improved health conditions. The nutraceutical industry is largely consumer-driven and will continue to grow as it fits the current lifestyles of both developing and developed countries.

Support from government agencies is also boosting the market growth. Food fortification is recognized by the Food and Agriculture Organization (FAO) and the World Health Organization (WHO) as one of the most important ways to eradicate prevalent malnutrition, especially in developing countries.

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Rising cases of nutritional deficiencies, especially in developing countries have pushed governments across the world to introduce food fortification programs to combat these issues. Less developed nations from the regions of East Africa, India, Bangladesh, and Pakistan have adopted national policies for nutrition to reduce their mortality rates.

The graph below represents the share of population preferring fortified food and beverages in different regions worldwide in 2022:

3. High Cost of Nutraceuticals and the Consumer Skepticism Associated with Products are the Major Challenges Faced by The Nutraceuticals Market

Nutraceutical ingredients are commonly used in a variety of applications including functional foods, beverages, pharmaceuticals and personal care products. However, the inclusion of these ingredients increases the price of the final product. The high cost of dietary supplements leads to lower acceptance of these products, thereby hampering market growth.

For instance, the cost of traditional bottles water products is much lower as compared to the cost of probiotic-infused bottled water products.

Along with the growing consumer awareness regarding dietary choices, there are some consumer skepticism associated with the adoption of nutraceutical products. The two major reasons hindering the growth are synthetic sourcing and unsubstantiated health claims related to the products. Most consumers do not prefer products that have been genetically modified to impart beneficial characteristics.

The graph below represents the cost of 1 kg regular food and its fortified form.

For more information on the research report, refer to below link:

Top Nutraceuticals Manufacturing Companies

Read Also –

Key Insights on Competitive Landscape in Global Nutraceuticals Market

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Ankur Gupta, Head Marketing & Communications

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