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

 The global semiconductor rectifier market is expected to record a positive CAGR of ~11% during the forecast period (2022-2028) and is expected to reach approximately US$ 10 billion by 2028.

The increasing demand for smart grids and the rising government expenses on modern power generation and distribution infrastructure are some of the primary factors that are expected to drive the semiconductor rectifier market. It is used in industries like IT and telecom, automotive, power and utility, and consumer electronics.

For more information, request a free sample

Key Growth Drivers

• Increased demand for rectifier diodes in various automotive and power sector applications and miniaturization of traditional electronic devices is expected to boost market growth.
• Electronics have gained widespread use in the generation and regulation of power in the automotive industry. For instance, a new load-matching approach is launched in the automotive industry that makes use of a basic switched-mode rectifier to significantly enhance peak and average power production from a traditional Lundell alternator. The deployment of rectifiers has provided a new set of possibilities to power electronic components in vehicles and the overall power control and management system.
• The continued trend of equipment miniaturization in the electronics industry has compelled the feature sizes of the electronic components to correspondingly decrease which is, in turn, increasing the demand for semiconductor rectifiers.
• Technical difficulties and expensive semiconductor rectifiers limit market growth
• Typically, rectifiers are employed in electrical components to correct voltages, alter the size of signals, isolate signals from the source, and reference voltages. Due to these characteristics, semiconductor rectifiers are used in the circuits of electronic parts to protect against the dangers posed by the unintentional reversal of supply voltage. As a result, if connected improperly or inappropriately, it could harm the equipment or present a safety risk. Numerous things, such as poor grounding, a weak or loose battery, or a worn-out connection to the battery, might lead to the rectifier failing.
• For instance, replacing the regulator rectifier in an automobile after it fails could be expensive and time-consuming. However, a significant element acting as a barrier that may hinder market expansion is the high cost of acquiring semiconductor rectifiers. A bridge rectifier costs more since it needs four diodes to function.
• The COVID-19 outbreak has had a substantial impact on the global market for semiconductor rectifiers. Due to the slowdown and shortage of workers worldwide, production facilities for electronics and semiconductors had been put on hold. Also, travel restrictions and facility closures coupled with the COVID-19 epidemic have significantly and persistently reduced manufacturing utilization, which impacted the growth of the Semiconductor Rectifiers Market in 2020.
• However, by early 2021 the market had experienced a strong recovery rate as a result of the widespread demand for installing loT devices across a variety of industries and the quickly expanding initiatives for smart cities and smart grid technologies.

Key Trends by Market Segment

By Product Type: Three-phase product type segment held the largest market share in the Global Semiconductor Rectifier Market in 2021.

• Three-phase rectifiers have an input of three-phase AV power. Structures require three/six diodes and are joined with the transformer’s each phase of the secondary winding. Three-phase rectifiers are adopted in substitution of single-phase rectifiers for the reduction of ripple factor.
• Three phases are recommended when comparing the two types of rectifiers because it has a high-power output and does not need an additional filter to lower the ripple factor. As a result, three-phase rectifiers have a higher transformer utilization factor and are more efficient than single-phase semiconductor rectifiers.

Visit this Link Request for custom report

By Industry Vertical: Automotive industry vertical segment held the largest share of the Global Semiconductor Rectifier Market in 2021.

• The automotive industry is made up of several businesses that create, manufacture, and market automobiles. The automobile manufacturer powers all of the electronic components and supplies direct current to the batteries in its cars using semiconductor rectifiers.
• Electric cars, electric scooters, and electronic charging stations are among the products that need DC power supplies due. The need for automobiles will also have an impact on the high-power semiconductor sector, whose goods, including full-wave rectifier diodes, are used to power the motor and other electrical components in automobiles.

By Geography: Asia Pacific accounted for the largest market share in 2021 within the total Global Semiconductor Rectifier Market in 2021.

Over the past few years, consumer gadgets and cell phones have seen an increase in demand throughout Asia-Pacific. Additionally, market possibilities are predicted to be provided by growing smart grid technologies and rising power production and consumption in developing Asia-Pacific countries. It is anticipated that a sizable percentage of the Global Semiconductor Rectifier Market will come from China, India, and Japan.

To more about industry trends, Request a free Expert call

Competitive Landscape

The global Semiconductor Rectifier Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players.

Country niche players and regional players constitute ~50% in terms of the number of players, followed by regional players with ~35% of the constitution. Some of the major players in the market include ABB, Mitsubishi Electric Corp., Toshiba Corp., Semiconductor Components Industries, LLC, Diodes Incorporated, Vishay Intertechnology, Inc., Comchip Technology Co., Ltd., STMicroelectronics, Hitachi, Fuji Electric Co., Texas Instruments (Ti), and others.

Recent Developments Related to Major and Emerging Companies

• In January 2021, Toshiba has released CUHS15F60, CUHS15S60, CUHS20F60, and CUHS20S60, four 60 V Schottky barrier diode (SBD) products. These products are suitable for rectifying power supply lines that need to increase the voltage to extend their lineup. The balance between the forward voltage and reverse current is important for the CUHS15F60 and CUHS20F60 devices, which have less forward voltage. However, the ultra-low forward voltage models CUHS15S60 and CUHS20S60 place a strong emphasis on lowering the forward voltage.
• In October 2020, SOMOS (a fabless semiconductor company) was purchased by STMicroelectronics. Through this acquisition, STMicroelectronics improved its expertise, intellectual property, and Front-End Modules roadmaps for the IoT and 5G industries. The development of ST's roadmap for RF Front-End Modules for the 5G infrastructure industry was aided by SOMOS technology and resources.
• In June 2019, Vishay Intertechnology, Inc., launched eight 100 V and 200 V devices in the eSMP series SMP (DO-220AA) package for expanding its portfolio of FRED Pt Ultrafast recovery rectifiers. This includes the first device in the market to deliver current ratings of up to 2 A.

Conclusion

The Global Semiconductor Rectifier Market is forecasted to continue a gradual growth that is witnessed since 2017, during the forecast period also. Key trends driving market expansion include the increasing demand for smart grids and the rising government expenses on modern power generation and distribution infrastructure. The market is highly competitive with ~200 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Semiconductor Rectifier Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers market size and forecasts for the four major regions’ Semiconductor Rectifier Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Product Type	Single Phase Three Phase
By Industry Vertical	IT and Telecom Automotive Consumer Electronics Power and Utility Other
By Geography	North America USA Canada Mexico Europe Germany UK France Spain Italy Rest of Europe Asia Pacific China Japan South Korea India Indonesia AustraliaRest of Asia Pacific LAMEA Latin America Middle East Africa
Key Players	ABB Group Mitsubishi Electric Corp. Toshiba Corp. Semiconductor Components Industries, LLC Diodes Incorporated Vishay Intertechnology, Inc. Comchip Technology Co., Ltd. STMicroelectronics Hitachi Ltd Fuji Electric Co. Texas Instruments (TI)

 

Global Vegan Cosmetics Market is growing with CAGR of ~6% during 2022 to 2028: Ken Research

 Buy Now

According to Ken Research Analysis, the Global Vegan Cosmetics Market was valued at ~US$ 10 billion in 2017. Furthermore, owing to the increasing government interventions prohibiting cosmetics animal testing along with the increasing adoption of veganism, it is estimated to be ~US$ 13 billion in 2022 and is expected to reach a market size of ~US$ 20 billion by 2028 growing with CAGR of ~6% during 2022 to 2028.

For more information, request a free sample

Key Growth Drivers

• The growing popularity of plant-based products, combined with the emerging veganism trend across countries, is driving up demand for vegan cosmetics.
• The rising government implementation of prohibiting animal testing for cosmetics across countries is a significant contributor to the growth of veganism.
• Increasing dissemination of counterfeit cosmetic products across countries may impede the growth of the vegan cosmetics market.
• The ongoing COVID-19 pandemic has bolstered demand for vegan cosmetics as consumers actively seek to improve their consumption patterns beyond food, particularly those who have been infected with the virus.

Key Trends by Market Segment

By Product Type: The Skincare segment held the largest market share of the global vegan cosmetics market in 2021, owing to increasing concern regarding skin nourishment due to numerous factors, such as the increasing occurrence of acne, black spots, scars, dullness, and tanning.

• Vegan skincare typically helps in preventing the diseases, such as eczema, psoriasis, and other skin allergies due to the presence of antioxidants.
• Furthermore, the adverse effects of conventional skincare products, such as itching, skin irritation, and blisters, are allowing individuals to opt for natural and vegan skincare products.

For more information, request a free sample

By Distribution Channel: The Supermarket/Hypermarket segment held the largest market share of the Global Vegan Cosmetics Market in 2021.

• The growth is mainly attributed to the availability of a variety of products at lower or discounted prices as compared to other stores.
• The modernization of retail stores across countries, notably in emerging countries, is increasing revenue generation through off-trade sales channels, such as supermarkets/hypermarkets.

By Gender: The Women segment held the largest market share of the Global Vegan Cosmetics Market in 2021, owing to the increasing number of working women across countries.

• For instance, according to World Bank, as of June 2022, the women labor force participation rate is 46% globally.
• Women usually experience more acne, wrinkles, and blocked skin follicles than men, which leads to oil, bacteria, and dead skin buildup in pores, influencing them to use more natural, organic, and vegan cosmetics.

By Geography: Europe accounted for the largest share of the Global Vegan Cosmetics Market in 2021 and will remain dominant during the forecast period (2022-2028).

• The growth is mainly attributed to the emergence of a large number of prominent players for cruelty-free cosmetics in Europe, notably in Italy, France, the UK, Germany, and Spain.
• Furthermore, the European government’s move to prohibit animal testing for cosmetics is also encouraging individuals to use vegan cosmetics. In April 2022, European Union stated that selling cosmetic products tested on animals is prohibited and the testing applies to both the final formulation and the ingredients of the product.

Visit this Link Request for custom report

Competitive Landscape

The Global Vegan Cosmetics Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players with their niche in adopting advanced technology, such as fermentation technology to enhance the texture of products. Moreover, companies are competing on various parameters such as partnerships, new products offering, business models, marketing strategies, pricing, campaign, and more.

Country-niche players comprise about ~65% of the total competitors, while regional players constitute ~30% of competition. Some of the major players in the market include Arbonne International LLC, Coty Inc., Gabriel Cosmetics, L'Oréal S.A., Lush Retail Ltd., Shiseido Company, Limited, Plum, Disguise Cosmetics, Estée Lauder Companies Inc., Pacifica Beauty LLC, Amway Corp., L'Occitane en Provence, and among others.

Recent Developments Related to Major Players and Organizations

• In December 2021, L’Oreal S.A. acquired Youth to the People, a U.S.-based company that manufactures vegan skin care products with plant extracts and innovative active ingredients.
• In July 2021, Coty Inc. relaunched its existing brand Kylie Cosmetics with a new and improved vegan formula. The updated formulas are free of animal oils, parabens, and gluten and nearly 1,600 other harmful and irritating ingredients.

Conclusion

The global vegan cosmetics market is forecasted to continue the exponential growth at ~6% that is witnessed since 2017. The major driving factor contributing to the growing popularity of plant-based products, combined with the emerging veganism trend. Though the market is highly competitive with around ~500 participants, Country-niche players comprise the dominant share of competitors and regional players also hold a significant share.

Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.

Ken Research has recently published report titled, Global Vegan Cosmetics Market Size, Segments, Outlook, and Revenue Forecast 2022-2028, Market is segmented by product type, distribution channel, and gender. In addition, the report also covers market size and forecasts for the four major regions in the Vegan Cosmetics Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Product Type

• Skin Care
• Hair Care
• Makeup
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Specialty Stores
• Online Channels
• Others

By Gender

• Women
• Men

By Region

• North America (USA, Canada, and Mexico)
• Europe (France, Italy, Germany, Spain, UK, and Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia Pacific)
• LAMEA (Latin America, Middle East, and Africa)

Key Players

• Arbonne International LLC
• Coty Inc.
• Gabriel Cosmetics
• L'Oréal S.A.
• Lush Retail Ltd.
• Shiseido Company, Limited
• Plum
• Disguise Cosmetics
• Estée Lauder Companies Inc.
• Pacifica Beauty LLC
• Amway Corp.
• L'Occitane en Provence

Global Amino Acids Market Is Expected To Reach Nearly US$ 42 Billion By 2028: Ken Research

 Amino acids are the building blocks of protein and play a vital role in the human body. They are organic compounds involved in several chemicals and biological functions in the human body including the synthesis of hormones, the building of proteins, and others. Amino acids are essential for the proper growth and development of living beings.

Amino acids are categorized into essential, non-essential, and conditionally essential, based on different factors. They are widely used in various industries namely food & beverages, animal feed, dietary supplements, cosmetics, and others.

According to Ken Research Analysis, the Global Amino Acids Market is expected to record a positive CAGR of ~7% during the forecast period (2022-2028) and is expected to reach nearly US$ 42 billion by 2028, owing to the growing demand for functional food products and immunity boosting products.

For more information, request a free sample @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDQz

Adoption of a healthy lifestyle and increasing consumption of proteins are some of the factors driving the market growth.

• The surge in demand for amino acids in various industries including food and beverages, dietary supplements, and others to fulfill the growing demand for amino acids-rich products that offer functional benefits, is anticipated to augment the growth of the market.
• The increase in health-conscious consumers and rising awareness regarding the benefits of amino acids such as maintaining healthy skin, hair, and nails, boosting immunity, helping in the growth and repair of body tissue, and others are expected to boost the demand for amino acids.

The Global Amino Acids Market faces challenges due to stringent regulations laid by governmental bodies on products containing amino acids.  

• The government has imposed strict regulations on products containing amino acids that may hamper the growth of the Global Amino Acids Market. Additionally, the requirement of significant investment for the storage of amino acids and its products may slow down market growth.

The COVID-19 pandemic negatively impacted the Amino Acids market initially due to the imposed lockdowns, the manufacturing process of amino acids and its product got disturbed which resulted in the disruption of the supply chain. However, due to the spread of the virus, consumers shifted towards the immunity-boosting product which increased the demand for amino acids in the food & beverages industry, nutraceutical industry, pharmaceutical industry, and others.

Key Trends by Market Segment:

By Source: The Plant-Based segment held the largest share of the Global Amino Acids Market in 2021, owing to the increasing preference for naturally sourced products.

• The demand for plant-based ingredients and products is increasing rapidly due to the rise in vegan and vegetarianism, especially in high-income countries, which is expected to fuel the demand for plant-based amino acids.

For more information, request a free sample @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDQz

By Type: Glutamic Acid segment accounted for the largest share of the Global Amino Acids Market in 2021, due to the increasing demand for glutamic acid products in the animal feed industry.

• L-glutamate or glutamic acid is widely used as a flavor enhancer, nutritional supplement, feed additive, intermediate for manufacturing chemicals, and others, which is increasing its demand in various industries.

By Application: Food and Beverages segment accounted for the largest share of the Global Amino Acids Market in 2021, owing to increasing demand for amino acids in the food and beverages processing industry as nutrition enhancers, flavor enhancers, preservatives, and others.

• The surging demand among consumers for protein-rich, healthy food and beverage products that contain amino acids as ingredients is expected to propel the growth of the segment in the market.

By Geography: Asia-Pacific region accounted for the largest share of the Global Amino Acids Market in 2021, owing to the growing adoption of a healthy lifestyle and nutrition-enriched products among consumers.

• The increasing consumption of processed food and meat coupled with the availability of an abundance of raw material for the production of amino acids coupled with increased consumer spending on immunity-boosting products containing amino acids as an ingredient, is anticipated to augment the growth of the Global Amino Acids Market.

To more regional trends, Ask for a Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MDQz

Competitive Landscape

The Amino Acids Market is highly competitive with ~200 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in Amino Acids.

• Country-niche players comprise ~60% of the competitors, while the regional players comprise the second highest, ~25% of the total number of competitors. Some of the major players in the market include Global Bio-chem Technology Group Company Limited, Ajinomoto Co., Inc., Kyowa Hakko Bio Co., Ltd., Amino GmbH, Cargill, Incorporated, Taiwan Amino Acid Co., Ltd., Evonik Industries AG, ADM, Merck KGaA, and Daesang, among others.

The leading amino acids companies such as Evonik Industries AG, KYOWA HAKKO BIO CO., LTD., ADM, and Cargill, Incorporated are highly focused on strategic developments related to amino acids such as product launches, collaboration, acquisition, and others to hold their position in the market.

Recent Developments Related to Major Players

• In September 2020, Evonik Industries AG launched GuanAMINO, a new guanidino acetic acid product (GAA) that is used to enhance energy metabolism in livestock production. The company aimed to fulfill the demand for creatine supplementation in the animal feed industry.
• In February 2020, Amino GmbH invested US$ 35 million to build a new production facility in Germany. The company aimed to double its production to meet the growing demand for amino acids and to increase its supply and availability of amino acids globally. 

Conclusion

The Global Amino Acids Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is forecasted to continue a moderate growth, primarily driven by the surging demand for amino acids in various industries such as food & beverages, animal feed, nutraceuticals, and others. The rising awareness regarding the health benefits of amino acids along with the increase in health-conscious consumers is expected to increase the demand for immunity-boosting products, which ultimately increase the demand for amino acids. Though the market is highly competitive with ~200 participants, global players control the dominant market share in terms of revenues.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks. 

Market Taxonomy

By Source     

• Plant-Based
• Animal-Based
• Synthetic

By Type         

• Lysine
• Tryptophan
• Methionine
• Threonine
• Glutamic Acid
• Phenylalanine

By Application

• Food and Beverages
• Animal Feed
• Nutraceutical and Dietary Supplements
• Cosmetic and Personal Care
• Pharmaceuticals

By Geography

• North America

USA

Canada

Mexico

• Europe

Germany

UK

France

Spain

Italy

• Asia-Pacific

China

Japan

South Korea

India

Indonesia

Australia

• LAMEA

Latin America

Middle East

Africa

Key Players  

• Global Bio-chem Technology Group Company Limited
• Ajinomoto Co., Inc.
• Kyowa Hakko Bio Co., Ltd.
• Amino Gmbh
• Taiwan Amino Acid Co., Ltd.
• Evonik Industries AG
• ADM
• Cargill, Incorporated
• Merck KGaA
• Daesang

Quick Commerce is the Next Generation E-Commerce Service, providing the convenience of Quick Deliveries to the Customers at their Doorstep: Ken Research

Buy Now

1. The industry is at Growth Stage in the year FY’23, as major players entered the market in 2020-2022 setting up the quick commerce industry in India

Quick commerce is all about fast delivery, aiming to deliver products within a time span of less than 75 minutes. Smartphone Users & working professionals who are convenience seekers and tend to do unplanned purchases, are the major target audience for Quick Commerce market Quick Delivery: Compared to a conventional retail outlet and other e-commerce companies, q-commerce companies are able to get goods to customers in a fraction of the time. Quick Commerce is categorized as a unique business model where there is a very narrow delivery window. With the help of the dark Store delivery Model, the delivery cycle has been replaced from a 1-2 day delivery window to an under 75 minute’s time frame.

2.  Companies with Large Product Assortment & Fastest Delivery are identified as clear leaders

Most of the quick commerce companies are burning cash right now due to extensive advertising and discounts being offered to onboard the customers. Quick commerce industry relies on local warehouses known as dark stores in immediate proximity to the locations they deliver. The companies have to bear the cost of setting up these dark stores and maintaining them. Over the period of time, the companies have to make sure that the model turns profitable by managing effective supply chain.

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTYxNDE4

3.  Voice-Assisted Shopping and Ultra-Fast Deliveries are the Few Recent Trends and Developments in India Quick Commerce Market

The ultra-fast delivery is being fulfilled with automation technology. Automation speeds up the process and also designate tasks to the right delivery partner/resource without errors. Amazon Prime Air uses delivery drones to autonomously fly packages to customers within 30 minutes of ordering. The service was tested in UK in 2017. Operations were expected to begin in selected cities in UK & US in late 2019.

Some e-commerce businesses already recognize EVs as a cost improvement measure, in addition to improving customer satisfaction and meeting regulatory compliance and ensuring sustainable progress. Flipkart, Myntra, IKEA and Zomato have committed to 100% EV transition by 2030 and Amazon has committed to inducting 10,000 EVs by 2030. Flipkart, which started its EV journey in 2017, has already deployed 2,000 EVs over 18 states and union territories and will induct 25,000 EVs by 2030.

Major retailers such as Walmart and Amazon have been extending into voice assisted online shopping, through Amazon Alexa and Google Assistant smart home speakers. Smart home speakers have been gaining traction in India.

For More Information on the research report, refer to below link:-

India Quick Commerce Market

Global Pea Protein Market Is Expected To Reach A Market Size Of US$ 1,100 Million By 2028: Ken Research

 Pea protein is a dietary product and protein supplement developed and extracted from yellow split peas, chickpeas, and lentils. It can be used as a food replacement or dietary supplement to boost a person's consumption of protein or other nutrients. Pea proteins are perfect for people choosing vegan diets because they are made from plant-based sources. Additionally, they have a wide range of applications in beverages, meat alternatives, dietary supplements, and bakery goods and are non-toxic, non-allergic, and easily digestible.

According to Ken Research Analysis, the Global Pea Protein Market was valued at US$ 350 million in 2017. it is estimated to be US$ 575 million in 2022 and is expected to reach a market size of US$ 1,100 million by 2028 growing at a CAGR of ~12% during the forecast period (2022-2028). The growth can be attributed to the rise in the number of vegans, the popularity of plant-based & gluten-free goods, and the nutritional advantages of products made from peas.

For more information, request a free sample @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDM5

• The market for pea proteins is predicted to increase as a result of consumers' increased focus on their health and the replacement of traditional meat products like sausages and patties with plant-based alternatives. The market for plant-based proteins is anticipated to develop over the course of the estimated period as the number of vegan and flexitarian consumers rises.
• Due to growing consumer awareness of their health, consumption of a diet high in protein content has increased dramatically. Furthermore, due to hectic lifestyles, consumers are forced to look for nutrients in packaged food products because they are unable to regularly consume a nutritionally adequate diet. As a result, producers of packaged foods are adding protein and other nutrient-rich components to food products. The primary causes influencing the adoption of a protein-rich diet are the rising prevalence of chronic illnesses brought on by altered lifestyles.
• Supply shortage is the main issue that pea protein producers must deal with. Agriculture is already being impacted by climate change, though the effects are unevenly spread worldwide. The yields of desired crops eventually decline as temperatures rise. Pulses, which are among the most affordable sources of protein, have seen a slight increase in price in the past few years.
• Pea protein market was impacted by the COVID-19 pandemic outbreak. The implementation of lockdowns in international markets in 2020 initially had a big impact on the sales of several large stores in the food and beverage sectors. Sales declined over a short period. However, as the market for online food and grocery purchases grew in the middle of the 2020s, these sales quickly rebounded. The population continued to be under lockdown, which led to a stronger focus on healthy eating. Additionally, governments around the world worked to maintain food security in their nations and regions, which kept the food sector industries afloat.

Key Trends by Market Segment

By Type: The isolates segment held the largest market share in 2021, due to rising knowledge of the advantages of pea protein isolates and their high protein content.

• Isolates are frequently utilized as nutritional supplements in meat products, energy drinks, fruit mixes, and bakery goods because of their excellent emulsification and non-allergic properties.
• The high protein content, high emulsification, and stability features of isolates, and expanding application areas such as high-performance nutrition products and snack products are primarily responsible for the growth of the market.

For more information, request a free sample @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDM5

By Nature: Organic segment held the largest market share in 2021, due to growing interest in organic products as a result of the popularity of clean-label products and the expansion of certified organic pea farm production.

• Organic pea protein concentrate is made by isolating the protein fraction from the carbohydrate and fiber components of organic pea seeds. Concentrates made from organic pea protein are less processed than isolates. Typically, they range from 70% to 85% protein. Both dry and wet milling techniques are used to remove them from organic peas.
• The need for natural products with fewer chemicals and additives is increasing the trend toward clean-label products, which is fuelling the expansion of the global organic pea protein market.

By Source: Yellow split peas segment held the largest market share in 2021, as they are the sources of peas mostly preferred by product manufacturers.

• Yellow split peas are perfect for producing pea protein isolates due to their high protein content. Comparing them to alternatives made from dairy and meat, they are valued for their amino acid composition, which led to their classification as "whole proteins."
• 100 grams of yellow split peas provide 370 calories, 1 gram of fat, 67 grams of carbs (27 grams of fiber and 3 grams of sugar), 27 grams of protein, and 25% of the recommended daily allowance of iron.

By Form: Dry segment held the largest market share in 2021, primarily due to the low capital requirements, reduced energy and water usage compared to wet, and the significant demand for dry protein components from the food and beverage industry.

• During dry processing, whole or dehulled peas are dried, ground, and milled. Protein and starch fractions are then separated depending on mass and various particle sizes using a spiral stream of air. Protein content in products created through dry processing ranges from 50 to 60 weight percent.

By Application:  The meat substitutes segment held the largest market share in 2021, due to an increase in demand for plant-based food products will raise demand for meat alternatives.

• The product has been utilized more frequently in recent years to create meat substitutes including burger patties and minced beef due to inexpensive processing costs and practical storage options. More people should employ isolates as a viable food for those who don't consume animal-based protein as consumer concerns about meat allergies grow. These factors are driving the demand for the product in the meat substitute application.

By Geography: North America accounted for the largest market share in 2021 of the global pea protein market, the main factors driving the global market are the rising vegan population, the rising demand for health & wellness products, and the rising consumption of processed meat products.

• Growing demand for gluten-free products, rising concerns about cardiovascular diseases (CVDs) caused by red meat intake, and robust expansion in the sports nutrition industry in North America are likely to boost the regional market over the forecast years.
• The presence of significant meat producers like JBF, Tyson, National Foods, and Cargill in the United States is also anticipated to increase demand for pea protein as a texturizing agent in meat production. Furthermore, it is anticipated that the availability of grains as sources of protein will decline due to growing grain consumption for bio-based compounds like canola and soy. As a result, pea protein is anticipated to become essential.

To more regional trends, Ask for a Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MDM5

Competitive Landscape

The Global Pea Protein Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in the protein market.

Large global players control about ~15% of the market, some of the major players in the market include Roquette, Dupont, Glanbia Nutritionals, Ingredion, Scoular, Burcon, Shandong, Axiom, Cosucra, Sotexpro.

Recent Developments Related to Major Players

• In September 2021, Roquette Fréres established a brand-new center of competence. By concentrating just on plant protein, this center will broaden the range of opportunities in terms of food innovation, the discovery of novel proteins, and new manufacturing techniques.
• In September 2020, Roquette Fréres planned to build the biggest pea protein plant in the world in Portage la Prairie, Manitoba, Canada, which is a suburb of Winnipeg. The development of this new facility seeks to satisfy the rising demand for pea protein on a global scale.

Conclusion

The Global Pea Protein Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is forecasted to continue the exponential growth that is witnessed since 2019, due to expanding consumer awareness about the importance of eating a healthy diet and maintaining an active lifestyle. Though the market is highly competitive with ~200 players, few global players control the dominant market share and regional players also hold a significant market share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.

Market Taxonomy

By Type         

• Isolates
• Concentrates
• Textured

By Nature      

• Organic
• Conventional

By Source     

• Yellow Spit Pea
• Chickpea
• Lentils

By Form        

• Wet
• Dry

By Application

• Meat Substitutes
• Functional Foods
• Bakery Products
• Beverage
• Dietary Supplements
• Others

By Geography

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, Italy, France, Spain, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Indonesia, Rest of Asia Pacific)
• LAMEA (Latin America, Middle East, Africa)

Key Companies

• Roquette
• Dupont
• Glanbia Nutritionals
• Ingredion
• Scoular
• Burcon
• Shandong
• Axiom
• Cosucra
• Sotexpro

Global Ethernet Controller Market size is expected to reach US$ 15 Bn in 2028 growing with a CAGR of ~7%: Ken Research

 An ethernet controller is a networking device that allows data communication in a network. Ethernet is among the widely used data transfer and communication technology in data centers, cloud computing, gaming, and personal computing. Due to the stable data transfer and communication in ethernet technology, it has seen wide adoption in servers and embedded systems. Moreover, as the trend of (Over-the-Top) OTT is increasing, the demand for seamless file or video streaming is taking place, which in turn is fueling the growth of high-end ethernet controllers.

According to Ken Research Analysis, the global ethernet controller market was valued at US$ 8 Bn in 2017. In recent years, the use of cloud solutions has seen rapid growth in IT, Telecom, and healthcare among others due to which the market size is estimated to be US$ 11 Bn in 2022. The market size is expected to reach US$ 15 Bn in 2028 growing with a CAGR of ~7%.

For more information, request a free sample @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDA4

The global ethernet controller market is driven by various factors including the increased use of servers in data centers. The surging number of OTT broadcasting service providers and traditional broadcasters is another factor driving the market growth.

• Data-intensive applications like cloud computing and big data continue to drive the demand for servers in ethernet controllers. Large terabits of data from such applications to data centers and vice versa move each second and moving this data into data centers requires a strong infrastructure efficient for handling the distribution of high-bandwidth data with high IP traffic to and from storage endpoints, main switches, servers, and high-end switches.
• Ethernet controllers help link these devices with the help of media access control addresses. Thus, the rise in demand for these data-intensive applications helps in market growth.
• In March 2020, Ethernity Networks introduced its ENET-D, an Ethernet controller technology in addition to its ACE-NIC100 SmartNIC that efficiently processes millions of data streams and provides performance acceleration for network and security devices.

Key Trends by Market Segment

By Bandwidth Type:

In the Global Ethernet Controller Market, the Fast Ethernet segment held the largest market share in 2021.

• The installation of new and advanced software and increasing transfer rates are accelerating the demand for this segment.
• According to Comnet, a manufacturer of audio, video, data, and ethernet communication products, Fast Ethernet transmission is at least 10 times faster than normal ethernet and proves to be useful in maintaining compatible connections to servers with high speed, decreasing bandwidth bottlenecks for network systems operating multiple IP videotape cameras and IoT, and seamlessly supporting complex networks that run multiple bandwidth-intense software packages at the same time.
• The BCM57414 50G PCIe3.0 Ethernet controller builds upon the success of the extensively-fixed NetXtremeE-Series framework by combining a high-bandwidth Ethernet controller with a unique set of broadly-optimized hardware acceleration machines to enhance network performance and enhance server effectiveness.

By Function:

The PHY (Physical Layer) segment held the largest market share in 2021 in the Global Ethernet Controller Market.

• An Ethernet PHY is designed to deliver error-free transmission over a variety of media to reach distances that exceed 100m.
• In December 2021, Marvell declared the industry’s first 802.1 AE MACsec integrated dual 1000BT1 and 100BT1 PHYs. The new products aid OEMs in transitioning toward software-defined vehicles, where secure data communication is a critical need, extending Marvell’s portfolio in automotive Ethernet PHY. These Ethernet PHY solutions enable energy-effective, secure in-vehicle networks and help in achieving functional safety compliance at the system level.

For more information, request a free sample @  https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDA4

By Application: In the Global Ethernet Controller Market, the servers segment held the largest market share in 2021.

• The enterprise migration to the cloud and the role of emerging technologies such as artificial intelligence, the Internet of Things (IoT), and analytics are increasing the use of servers.
• For instance, Oracle Big Data Appliance includes five or more servers and the technology to connect the servers to the network. The network connections allow the servers to be administered remotely and allow customers to connect to them.
• In November 2021, Broadcom Inc. released that Meta (Facebook) deployed the world’s topmost bandwidth Ethernet switch chip, the Broadcom StrataXGS Tomahawk 4 switch series, in its data center network fabric. A preeminent- edge25.6 Tbps Ethernet switch, the Tomahawk4 is dispatching in high volume in Meta’s Minipack2 platform.

By Region: The Asia Pacific Ethernet Controller Market is expected to be the fastest-growing market during the forecast period in the Global Ethernet Controller Market.

• This growth is due to the growing use of ethernet controllers in consumer usage, servers, and desktop systems in the region and increases in demand for (Voice over Internet Protocol) VoIP solutions, gaming consoles, and digital signage.
• According to Cisco Korea, in 2021, internet applications reached 7.7 exabytes per month compared to about 3.4 exabytes in 2016. In addition, the growth of IoT and 5G deployed are also playing a significant part in driving the demand.
• Further, the number of active Internet users in India is anticipated to rise by 45% from 2020 to 2025 and touch 900 million by 2025 from around 622 million in 2020, based on the Internet and Mobile Association of India. The report defines an active user as someone who has entered the Internet at least once in the past month.

North America held the largest market share in 2021 in the Global Ethernet Controller Market. The primary factors contributing to the region's high demand share include advancements in IT infrastructure, and an increase in the number of connected devices, and data centers.

To more regional trends, Ask for a Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MDA4

Competitive Landscape

The global ethernet controller market is highly competitive with global, regional, and country niche players with the latter holding the largest share in terms of the number of competitors. It is estimated in Ken Research’s study that the market comprises nearly 250 players across the four major regions. It is also observed that the Asia Pacific region holds the highest number of country niche players, especially in China, Taiwan, and Korea. The leading global players generally have a long-term trade agreement with limited suppliers which allows them to maintain their position and brand awareness. Most of the country-niche players are start-ups in the Ethernet Controller market.

The large global players comprise about ~10% in terms of the number of company shares followed by regional players which account for ~30% of the number of the company share.

The Leading Country Niche players such as Netgear, Lantronix, Nomadix, and Extreme Networks are highly focused on providing a significant number of Ethernet Controller Solutions.

Recent Developments Related to Major Players

• In February 2022, Intel launched the Intel Xeon D- 1700, the following generation of Intel Xeon D processors, at MWC Barcelona 2022. This new Xeon D processor is designed and developed from the ground up with network and edge-specific features, comprising integrated AI and crypto acceleration, set up in Ethernet, support for time-sensitive networking and time-coordinated calculation, and manufactured-class duration. Furthermore, these new Intel Xeon D processors feature up to 100 GbE in the Ethernet output capability.
• In September 2019, Marvell launched the family of the high-port count, ultra-low latency automotive switches with multi-gigabit routing output capabilities. This portfolio combines the industry's first high-port count aggregation switch, offering all ports at gigabit capacity allowing clustering of safety-critical detector data in an Advanced Driver Assistance System (ADAS) and data transfer over a high-speed PCIe host uplink.
• In January 2022, Realtek announced that by the end of the year it will be launching a 5GbE Single-Chip Ethernet Controller Series which is compatible with IEEE 802.3bz Multi-Gigabit functions and also it will be the smallest 5GbE solution globally.

Conclusion

The Global Ethernet Controller Market is forecasted to continue moderate growth, which is primarily driven by the need for high precision and advancement in the banking, healthcare, retail, and logistic industries. The market size is estimated to be US$ 11 Bn in 2022 and is expected to reach US$ 15 Bn in 2028 growing with a CAGR of ~7%. North America is the dominant region in terms of revenue generation; however, the Asia Pacific region is expected to grow at a higher pace. Though the market is highly competitive with ~250 participants, few global players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for the market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and the report delivered within a maximum of two working weeks.

Market Taxonomy

The Global Ethernet Controller Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is segmented by bandwidth type, function, application, and geography. Fast Ethernet and switch ethernet are widely used ethernet controller types based on bandwidth. In addition, the report also covers the market size for each of the four regions of the Global Ethernet Controller Market. The revenue used to size and forecast the market for each segment is USD billion.

By Bandwidth Type    

• Fast Ethernet
• Ethernet
• Switch Ethernet

By Function    

• PHY (Physical Layer)
• Integrated

By Application

• Servers
• Embedded Systems
• Consumer Application
• Routers and Switches
• Desktop Systems
• Others

By Region      

North America

•  USA
• Canada
• Mexico

Europe

• Germany
• UK
•   France
•  Italy
• Spain

Asia Pacific

•  China
•  Japan
• India
• Australia
•  South Korea

LAMEA

• Latin America
• Middle East
• Africa

Key Companies         

• Intel Corporation
• Broadcom Inc.
• Cirrus Logic Inc.
• Silicon Laboratories
• Texas Instrument Incorporated
• Marvell Technology Group Ltd
• Microsemi Corporation
• Realtek Semiconductor Corp.
• Mindspeed Technologies Inc.
• Siemens AG
• OMRON Corp.
• Comlab Telecommunications Inc.

India Diesel Generator Rental & Leasing Market is in the Growing Stage; being driven by government initiatives in manufacturing sector along with growing foreign investments and technological advancements: Ken Research

 Buy Now

1. Factors driving the India Diesel Generator Rental & Leasing Market Growth

India diesel generator rental & leasing market size in terms of revenue has been showing increasing trend from 2017 to 2022. This is mainly due to advancement in manufacturing sector, government initiatives, technological advancement and foreign investments boosting the development of nation as well as demand for diesel generator as well. Rising power outages, increased urbanization, industrialization, growing demand for reliable and uninterrupted power supply are some of the factors driving the India Diesel Genset Market Growth.

2. Future Market Size is expected to grow at a CAGR of 14.6% from 2022 to 2027 in terms of revenue

India diesel generator rental & leasing market size in terms of revenue and in terms of numbers is expected to show increasing trend from 2022 to 2027. This could be mainly due to advancement in manufacturing sector, government initiatives, technological advancement and foreign investments boosting the development of nation as well as demand for diesel generator as well.

Request For Free Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTYz

3. Government has adopted Make in India, Atmanirbhar Bharat and Performance Based Incentive Schemes to create demand for backup power in the manufacturing sector.

Government initiatives such as Make in India, Atmanirbhar Bharat and Performance Based Incentive Schemes (PLI) are expected to create robust demand for backup power in the manufacturing sector. Driven by supporting government policies such as: “Make in India”, Production Linked Incentives (PLI), aim to boost domestic manufacturing due to the urgent need for high voltage for power and electrical equipment. The country is also expected to witness the construction and location of data centers.

For more insights on the market intelligence, refer to the link below:-

India Diesel Generator Rental & Leasing Market

Global Printer Market expected to witness a CAGR of ~6% during the forecast to 2022-2028: Ken Research

 A printer is an electronic device that is used to print any document in hardcopy format, which is often used in residential, commercial, educational institutes, enterprises, government offices, and more. With the launch of the latest multi-functional printers, the single printer device is now able to perform a variety of tasks which include printing, photostatic copies, scanning, and Fax/telefax which is highly cost-effective for the users.

According to Ken Research Analysis, the global printer market is expected to witness a CAGR of ~6% during the forecast period (2022-2028) and reach a market size of ~US$ 65 Bn by 2028 from ~US$ 45 Bn in 2022. The growth can be attributed to the advancements in cloud-based printing services, new product launches, and an increase in the numbers of small and medium-sized enterprises (SMEs).

For more information, request a free sample @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDM1

• The R&D investment in technologies like cloud-based printing, laser printing, and 3D Printing is likely to propel the market growth during the forecast period (2022­–2028).

• In April 2021, HP Inc. launched its smartest printing solution called HP+ for small and medium-sized enterprises (SMEs). the HP+ is connected to a smart app and a cloud-based system i.e. users can virtually print from any location. HP+ offers high security with enhanced productivity and sustainability.

• The adoption of digitization in Government offices, Banks and Educational Institutes (digitization is the process of converting any document into digital forms such as images, pdf, or Digi locker) acts as one of the major challenges faced by the Global Printer Market.

• The COVID-19 pandemic affected the sales of commercial, educational institutes, and government office printers but residential printers have shown a rise in sales. This is due to the lockdown imposed by the government leading to the sudden closure of schools, offices, and government offices.

Key Trends by Market Segment

By Printer Type:  The Multi-Functional Device (MFD) segment is expected to witness the fastest growth during the forecast period, owing to its ability to perform multiple tasks.

• The Multi-Functional device (MFD) or Multi-Functional Printer is adopted over standalone due to its ability to perform a variety of other tasks rather than just printing such as photocopier, scanner, and fax machine.

• Many small and medium-sized enterprises (SMEs) are now adopting MFD over standalone as it reduces the overall cost drastically. Furthermore, manufacturing companies are now focusing on developing such multifunctional products.

• In May 2022, Sharp Corporation launched the monochrome multifunction 3-in-1 solution printer that will act as a copying, printing, and scanning machine. The printer offers a print speed of 24 Pages per minute with a capacity of 1,850-pages and a response time of 6.4 seconds.

For more information, request a free sample @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDM1

By Technology: The laser printer is expected to witness the fastest growth in the technology segment during the forecast period due to its high printing speed.

• Laser printers perform at better speed as compared to other inkjet and LED printers because the laser beam in a laser printer can move fast which helps it to print at high speed.

• Although laser printer is expensive as compared to inkjet printer their overall operational cost is significantly lower this is because laser printers melt the toner powder on the paper for printing purposes rather than using the costly cartridge that inkjet printer uses. The release of small models in laser printers is one of the major reasons for driving its growth in the technology segment.

By Interface: The wired segment accounted for the major share in the interface segment in 2021 due to its less installation cost.

• The wired segment accounts major share of the printer interface market as the installation cost of wired printers is significantly low as compared to wireless printers,

• The wireless printer is less secure as compared to the wired printer, as an unauthorized user can use the printer if the Wi-Fi network is less secure.

By Output Type: The monochrome segment held the largest market share in 2021 due to the low price of monochrome printing ink as compared to color ink. 

• Color printing ink is more expensive as compared to monochrome ink as during printing any color document the printer uses four-color cartridges at once, thus leading to the emptying of cartridges earlier.

• While for monochrome, printing the printer uses a single cartridge at a time thus making it more efficient as compared to color ink.

By Application: The commercial segment held the largest market share in the global printer market by application segment in 2021 owing to the launches of new multi-functional device printers.  

• Many offices are using multifunctional printers in offices as the multi-functional printer is able to perform a variety of other tasks such as scanning, photocopying, and telefax.

• Many offices use laser printers and inkjet printers as these printers are easy to use and provide top-quality printing with low response time.

By Region: Asia Pacific is expected to dominate the global printer market during the forecast period owing to the presence of a greater number of manufacturers in the region.

• Many leading printer companies such as Canon Inc., Seiko Epson Corporation, Ricoh Co., Ltd, Konica Minolta Inc., Brother Industries Ltd, Kyocera Corp., etc. are all headquartered in Japan.

• In February 2022, the Indian Government released a strategy for 3D printing, which is likely to help India to become the global hub for deployment and designing in 3D printing.

To more regional trends, Ask for a Customization @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MDI5

Competitive Landscape

The Global Printer Market consists of ~100 players including globally diversified players, regional players as well as a large number of country-niche players who have their niche in printers, scanners, photocopiers, and fax machines.

Large global players constitute ~15% of the market in terms of the number of competitors, while regional players hold the second largest share. Some of the major players in the market include Brother Industries Ltd., Canon Inc., HP Development Company, L.P, Konica Minolta Inc., Kyocera Corp., Lexmark International Inc., Ricoh Co. Ltd., Seiko Epson Corp., Sharp Corp., Xerox Corp and among others.

Recent Developments Related to Major Players

• In October 2022, Epson America, Inc. launched the modern wireless receipt printers as “Mobilinkwireless receipt printers” which is small, lightweight, and easy to carry and can be used for various point of sales such as mobile transactions, direct store delivery, transportation and more.

• In February 2022, Konica Minolta Inc. launched its new printer “AccurioJet KM-1e High Definition (HD) model” which is an upgrade to “AccurioJet KM-1e LED” inkjet printer, the HD version is able to produce skin tones, uniformity of solid backgrounds and reproduction of textures in the printed document that will provide the superior printing quality as compare to its competitors.

• In March 2021, Xerox Corporation Secured the first position for the worldwide managed print services (MPS) market (MPS are services provided by an external entity for managing the company document output) in the Quocirca worldwide market landscape report (Quocirca is the leading print industry's source for market insight and advisory services).

Conclusion

The Global Printer Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is expected to continue its growth with a CAGR of ~6% during the forecast period. This is due to advancements in technologies like cloud-based printing and laser Printing as well increase in the number of Small and medium-sized enterprises. Though the market consists of ~100 participants, few regional players control the dominant share and regional players hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within maximum of 2 working weeks.

Market Taxonomy

By Printer Type

• Multi-Functional

• Standalone

By Technology 

• Dot Matrix Printer

• Inkjet Printer

• LED Printer

• Thermal Printer

• Laser Printer

By Interface      

• Wired

• Wireless

By Output Type

• Color

• Monochrome

By Application

• Residential

• Commercial

• Educational Institutions

• Enterprises

• Government

• Others

By Region          

• North America (USA, Canada, Mexico)

• Europe (Germany, UK, Italy, France, Spain)

• Asia Pacific (China, India, Japan, South Korea, Indonesia)

• LAMEA (Latin America, Middle East, Africa)

Key Companies

• Brother Industries Ltd.

• Canon Inc.

• HP Development Company, L.P

• Konica Minolta Inc.

• Kyocera Corp.

• Lexmark International Inc.

• Ricoh Co. Ltd.

• Seiko Epson Corp.

• Sharp Corp.

• Xerox Corp.

Global Glass Packaging Market is expected to witness a positive CAGR of 5% and cross US$ 85 Bn by 2028: Ken Research

 Buy Now

Glass packaging is a mixture of various chemical materials such as silica, boric acid, sodium oxide, aluminium oxide, sodium carbonate, calcium oxide, and others. The type of glass product depends on the chemical material used in the manufacturing of glass. Among all the other packaging material types, glass is the only material that has been granted the FDA status of “GRAS”, Generally Recognized as Safe and therefore, considered as the trusted packaging type used for health, taste, and the environment.

The Global Glass Packaging Market is expected to witness a positive CAGR of ~5% during the forecast period (2022-2028) and cross US$85 Bn by 2028, due to steady consumer demand for safe and healthier packaging.

To Know More about this report, Download Free Sample Report

• The steady consumer demand for safe and healthier packaging acts as one of the major factors driving the growth of the glass packaging market. Furthermore, increasing demand from the pharmaceutical and personal care sector impacts the demand and therefore, boosts the growth of the glass packaging market.
• The increase in beer consumption throughout the world is one of the primary reasons driving market expansion. Beer is one of the alcoholic beverages that is packaged in glass bottles. According to a 2022 report published by Packmedia srl, the glass bottle continues to be the most widely used packaging for alcoholic beverages. This directly impacts the growth of the glass packaging market.
• In 2020, an independent consumer research survey, commissioned by Friends of Glass and the European Container Glass Federation (FEVE) was carried out across 13 European countries that revealed the changing preference of people to glass packaging as compared to 2018.
• According to European Container Glass Federations (FEVE), 162 manufacturing plants are distributed all over Europe, and container glass is an essential contributor to Europe’s real economy as it has created job opportunities along the total supply chain.
• One of the main challenges for the market is the increased competition from alternative forms of packaging, such as aluminium cans and plastic containers. As these items are lighter in weight than bulky glass, they are gaining popularity among manufacturers and customers. The high transportation costs associated with glass packaging products are the factor challenging the growth of the market.
• Glass has a density of approximately 2.6 g/cm3, which means a piece of glass the same size as a piece of plastic is almost three times heavier. If the packaging is shipped over a long distance, glass has a clear disadvantage.
• Not only is glass more expensive to ship and handle, but it also costs more to produce, primarily due to the amount of energy and extreme heat required during the production process.
• The ongoing Covid-19 led to a significant growth in the demand for glass packaging to be used in several end-use industries such as food and beverage, cosmetics, and pharmaceuticals. key players have also witnessed a surge in demand from consumers for glass packaging. The Covid-19 pandemic has positively impacted the market for glass packaging. The industry is witnessing increased demand from the food & beverage and pharmaceutical sectors, as the pandemic has led to a greater demand for medicine bottles, food jars, and beverage bottles. Moreover, during the pandemic, consumers recognized the sustainable benefits of glass packaging. In a survey of over 10,000 consumers from 10 countries by industry experts, glass and paper-based cartons were seen as the most sustainable, and multi-substrate packaging was viewed as the least sustainable.

Key Trends by Market Segment

By Glass Type:  The Type 1 segment is estimated to hold the largest market share of the Global Glass Packaging Market in 2021. The growth of this segment can be attributed to the inherent characteristics of Type 1 glass, making it ideal to be used as pharmaceutical glass packaging.

• Type 1 is the borosilicate glass, comprising 80% silica, and 10% boric oxide. The chemical materials used in this type of glass have good chemical resistance.
• Type 1 glass containers are widely used for pharmaceuticals as the properties exhibited by the materials used do not allow the container to react with any substance or solution kept inside it.
• Since 2020, the demand for glass-based vials is witnessing a spike owing to the increased COVID-19 vaccine production by companies.

By Capacity: The 501-1000ml capacity segment is estimated to hold the largest market share of the Global Glass Packaging Market in 2021. The reason behind the largest share of this segment is that majority of the alcoholic, as well as non-alcoholic beverages, are packed in 501-1000ml capacity bottles.

• 501-1000 ml glass bottles are multi-functional and are used in diverse end-use applications such as packing beer, wine, milk, water, juices, and many others.
• These bottles are used on a large scale in the healthcare and food and beverage industry, as the recycling rate of glass bottles is very high as compared to other packaging material types.
• For Instance, according to a data on plastic bottles recycling in the year, The Container Recycling Institute found that plastic bottles are recycled at a rate of 29%. In comparison to this, glass has a recycling rate of 37%.
• According to the 2022 Silicon Valley Bank State of the Wine Industry report, for the period of September 2020 through September 2021, approximately 55% of the wine was sold in 750 mL bottles.

By Application / End User Segment: The Food and Beverage segment is estimated to hold the largest market share of the Global Glass Packaging Market in 2021.

• Glass packaging is used for a wide range of products such as bottled water, beer, coffee, soft drinks, dairy products, energy drinks, juice, sports drinks, tea, and wine & spirits.
• The rising premiumization of alcoholic beverages and the growing consumption of innovative alcoholic beverages like craft beer is projected to aid the market growth.

By Geography: Asia Pacifica accounts for the largest share among all regions within the total Glass Packaging market.

• Asia-Pacific dominates the glass packaging market due to the increasing use of glass in various end-use industries including food and beverages, pharmaceuticals, and alcoholic beverages. The high availability of raw materials including silica and the presence of a huge consumer base in countries is responsible for the growing demand.
• The increasing consumption of alcoholic beverages is driving market growth in the region, owing to various investments and changing trends which in turn can stimulate the demand for glass bottles and containers in the region.
• Glass bottles and jars are 100% recyclable and can be recycled endlessly without any loss in purity or quality. Japan has been emphasizing recycling glass containers and bottles to reduce its carbon footprint and has built multiple glass recycling plants across the country. Currently, it has over 18 glass recycling plants accepting glass bottles and containers to form glass culets and powder. The robust recycling infrastructure, in a way, promotes the use of glass packaging due to its functional property advantages.​
• In Europe, Germany, France, and Italy are the major production hubs for glass whereas, Eastern European countries like Poland and Turkey are expected to witness significant growth in the coming years due to rising beverage consumption and the growing trade opportunities with neighbouring countries.
• In North America and the Middle East and Africa, the rising pharmaceutical industry is pushing the growth of the regional markets. The steady growth in alcohol consumption in North America and Europe is projected to support the glass packaging industry growth.

Visit this Link Request for a custom report

Competitive Landscape

• The Global Glass Packaging Market is highly competitive with ~250 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in food, beverages, cosmetics, pharmaceuticals, household, personal care, and others, for end-user industries. Most of the country-niche players are the suppliers of raw materials used for making glass.
• Large global players control about 15% of the market, while regional players hold the second largest share. Some of the major players in the market include Amcor Plc, Piramal Glass Private Limited, Owens-Illinois Inc., Ardagh Group S.A., HEINZ-GLAS GmbH & Co. KGaA, Gerresheimer AG, Vetropack Holding AG, Bormioli Rocco SPA, Vidrala S.A., Saint Gobain S.A., Koa Glass Co., Ltd., among others.
• The leading global specialist companies such as Piramal Glass Private Limited, HEINZ-GLAS GmbH & Co. KGaA, Bormioli Rocco SPA, and Gerresheimer AG are highly focused on providing a significant number of glass packaging products that can be used across food and beverages, cosmetics, and more.

Recent Developments Related to Major Players and Organizations

• In June 2022, Berlin Packaging, a U.S.-based supplier of hybrid packaging acquired Verrerie du Comtat, a leading manufacturer of glass packaging for wine and olive oil markets. The acquisition strengthened the company’s strategic positioning in the alcoholic beverages markets.
• In May 2021, The HEINZ-GLAS Group set up a new glass melting furnace at its Kleintettau, Germany, location. The new plant was set up with an investment of around USD 17.74 Mn. The new capacity plant is equipped with electric furnaces that can produce high-quality perfumery glass, clear glass with a high PCR cullet content as well as opal glass.
• In August 2021, Owens-Illinois in partnership with James City County announced a new pilot program for glass recycling. The program works on setup of glass-only recycling containers at several locations throughout the County. The glass collected in these containers is taken to the Toano plant of Owens-Illinois in the Hankins Industrial Park and processed into glass cullet. The material is then used to manufacture glass bottles.
• In April 2019 - SCHOTT invested USD 9.5 Mn in its pharmaceutical tubing production in Rio de Janeiro, as part of its global growth strategy. As the demand in the pharmaceutical industry increases, SCHOTT is contributing to manufacture 100% inspection of glass tubing to detect possible defects.

Conclusion

The Global Glass Packaging Market is forecasted to continue steady growth that is witnessed since 2017. The market is primarily driven by the Growing consumption of beverages and increasing demand for eco-friendly packaging products. Though the market is highly competitive with over ~250 participants, few global players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for market size estimate, forecast, growth, segment share and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within maximum 2 working weeks.

Ken Research has published a report title Global Glass Packaging Market Size, Segments, Outlook and Revenue Forecast 2022-2028 That is segmented by Glass Type, Capacity, Packaging Type, Application, and Geography. In addition, the report also covers the market size for each of the five regions' Glass Packaging Market. The revenue used to size and forecast the market for each segment is USD billion.

Market Taxonomy

By Glass Type

Type 1

Type 2

Type 3

Others

By Capacity

Up to 50 ml

51 - 200 ml

201 - 500 ml

501-1000 ml

Above 1,000 ml

By Packaging Type

Bottles

Jars

Flacons

Tubular Glass Vials

Others

By Application / End User Segment

Food & Beverages

Cosmetics

Pharmaceuticals

Household

Personal Care

Others

By Geography

North America

Europe

Asia Pacific

Latin America Middle East and Africa (LAMEA)