5 Key Insights on US$ 60 Bn Opportunity in Global Thermoformed Plastics Market: Ken Research

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Driven by the rising consumption of thermoformed plastics material in healthcare and packaging industries, Global Thermoformed Plastics Market is forecasted to Cross US$60 Bn by 2028 says Ken Research Study.

Thermoforming is a plastic manufacturing process that applies a vacuum or pressure force to stretch a sheet of heated thermoplastic material over an engineered mold to create a 3-dimensional shape or part. After forming, the shaped part is trimmed and finished to a specification to meet an end user’s requirements. The process and thermoplastic materials are extremely versatile and can be utilized to manufacture parts for a wide range of applications.

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

1. Increasing Consumption of Thermoformed Plastics in the Packaging Industry provides an Opportunity for the Market Growth

According to Ken Research Analysis, the Global Thermoformed Plastics Market was valued at ~US$ 30 billion in 2017. It is estimated to be ~US$ 40 billion in 2022 and is forecasted to reach a market size of ~US$ 60 billion, growing at a CAGR of ~7% by 2028, due to increasing usage of thermoformed plastics in healthcare and packaging industries.

Thermoform packaging is known to be a high-quality packaging solution for any kind of food and healthcare product. Packaging of some kind of food products requires the incorporation of functional and innovative design while providing good moisture barriers, physical stress, temperature, contamination protection, and tamper resistance. The thermoforming process enhances the properties of plastic materials and makes it suitable to be recycled again. Thermoform packaging not only protects the products but also extend the shelf-life, owing to its durability resilience nature.

The players in the food industry are increasingly looking for packaging solutions that enable them to reduce the carbon footprint. As thermoformed packaging are increasingly being manufactured using 100% recyclable products, the demand is expected to grow during the forecast period. The rising trend for the development of sustainable packaging is expected to propel the players in the market to come up with product developments that enable them to meet the increasing demand.

• In October 2019, Charpak Ltd., a manufacturer of thermoformed packaging products, designed and launched a new thermoformed packaging tub that is 100% recyclable, tamper-evident, that can be used for ambient, chilled or frozen sectors, food, and non-food products.
• According to SouthPack, a custom manufacturer of packaging, stated that thermoformed packaging cost up to 15% less than packaging made from plastic injection molding.

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2. Surging Demand for Thermoformed Plastics in Healthcare Industry is Fuelling the Market Globally

The consumption of plastic packaging in the healthcare industry is expected to rise due to government funding for healthcare and pharmaceutical centers. Increasing drug production and government initiatives toward the development of healthcare and pharmaceutical sectors generate significant growth opportunities for the thermoform plastic healthcare packaging market in the coming years.

For instance, In December 2021, the Guangzhou Sino-Israel Bio-industry Investment Fund (GIBF) announced fund of US$ 300 million for joint drug development ventures. The drug development process includes the equipment and procedures that requires the use of thermoformed plastics.

Furthermore, plastic healthcare packaging formats are preferred by consumers, as these not fragile and are easy to handle compared to alternative packaging solutions available in the market. Manufacturers prefer plastic packaging for healthcare owing to anti-microbial properties and reduced risk of breakage.

Moreover, the increasing demand for surgical masks during the pandemic has created a golden opportunity for the plastic packaging industry.

According to United Nations International Children's Emergency Fund (UNICEF), in 2020, about 301.3 million surgical masks and 22.2 million N95 ventilator kits were distributed in 127 countries. The steady increase in manufacturing, production, and distribution activities required use of thermoformed plastics, which helped in the growth of the market.

3. Volatile Raw Material Prices for Thermoformed Plastics is the Major Challenge Faced by The Thermoformed Plastics Market

Crude petroleum is an important raw material used in the production of organic chemicals, which are in turn used as inputs into the production of more-processed goods, such as plastics products. Major Asian petrochemical manufacturers are under immense pressure as geopolitical turmoil in the Middle East is severely affecting the supply of crude oil.

In April 2019, the attacks on Saudi Aramco’s oil processing facilities at Abqaiq and Khurais on resulted in an immediate price spike of 10% to 12%. The plastic industry faces the effects of the continuous rise and dips in the prices of crude oil.

The most basic ingredients for the manufacturing of plastic, such as ethylene and propylene, are obtained from crude oils. The monomers are then converted into polymers such as polyethylene, polypropylene, and other materials. The supply-demand shifts cause price volatility in plastics globally. As a result, changes in crude oil prices significantly impact the cost of thermoformed polymers.

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Key Topics Covered in the Report

• Snapshot of Global Thermoformed Plastics Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Thermoformed Plastics Market
• Historic Growth of Overall Global Thermoformed Plastics Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Thermoformed Plastics Industry
• Overview, Product Offerings, Strengths, & Weaknesses of Key Competitors
• Covid-19 Impact on the Overall Global Thermoformed Plastics Market
• Future Market Forecast and Growth Rates of the Total Global Thermoformed Plastics Market and Segments
• Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
• Analysis of Global Thermoformed Plastics 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 Emerging Companies Mentioned in the Report

• Vaquform
• Janco, Inc
• Penz Products, Inc.,
• Hagans Plastics Co., Inc.
• Engineered Plastic Products, Inc.
• Woodstock Plastics Co., Inc.

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

• Thermoformed Plastics Market
• Thermoformed Plastics Manufacturers
• Thermoformed Plastics Suppliers
• Polymethyl Methacrylate (PMMA) Thermoformed Plastics Suppliers
• Bio-degradable polymers Thermoformed Plastics Suppliers
• Polyethylene (PE) Thermoformed Plastics Suppliers
• Acrylonitrile Butadiene Styrene (ABS) Thermoformed Plastics Suppliers
• Poly Vinyl Chloride (PVC) Thermoformed Plastics Suppliers
• High Impact Polystyrene (HIPS) Thermoformed Plastics Suppliers
• Polystyrene (PS) Thermoformed Plastics Suppliers
• Polypropylene (PP) Thermoformed Plastics Suppliers
• Thermoformed Plastics Distributors
• Emerging and Startup Thermoformed Plastics Companies in the Market
• Different Types of Thermoformed Plastics Institutes
• Government Departments of Polymers
• Ministries and Departments of Agriculture
• Ministries and Departments of Packaging
• Ministries and Departments of Healthcare
• Importers and Distributors of Thermoformed Plastics
• Environmental Regulatory Authorities

Period Captured in the Report

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

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Global Thermoformed Plastics Market: Ken Research

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The Covid-19 pandemic is a catalyst in exhilarating and paving way for newer companies to enter the BNPL space in the country coupled with external investments made in the industry: Ken Research

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No Interest Credit Payments: One of the major reason as to why BNPL is a robust mechanism inside South Africa is due to the fact that customers are allowed to pay the money in three equal instalments with no interest fee. Although, there is a carry forward fee in case the shopper misses the payment deadline, it still is almost negligible making the industry quite lucrative in a region with less per capita income. With a population of ~61 million and USD ~426 Bn GDP as of 2022, South Africa’s economy has been growing at a CAGR of 4.7% during 2016 and 2022.

Disruption Penetrated by COVID-19 Pandemic: The South Africa BNPL market boomed during COVID-19 pandemic as huge chunk of the residents lost their jobs during this period and were surviving on their savings and this push forwarded the need for extra credit line which was catered by the BNPL services. Providers such as PayFlex and PayJust Now are making robust efforts to sustain the rising interest in consumer credit financing.

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Lack of Awareness in the Consumer Segment: Inception of digital payments is still comparatively new in the African market and thus rural consumer segments find themselves being unaware of the latest trends in the BNPL industry. This when coupled with the digital divide in the urban-rural setting is a massive challenge for merchants and BNPL players in South Africa due to lack of means of financial awareness in the country.

South African National Payments System: The South African National Payments System (NPS) was launched in November, 1995 and it was a collaborative effort between South African Reserve Bank and the banking industry. The strategy it envisioned encompasses fundamental principles and critical success factors for reforms in the domestic payment mechanism in the Republic of South Africa. All cards issuing, acquiring and acceptance services must be in compliance with South African legislation. The directive aims to address transactions occurring within South Africa between domestic parties, where such transactions are processed as if they were cross-border transactions as a result of involvement of a foreign card issuer.

Analysts at Ken Research in their latest publication “South Africa Buy Now Pay Later Market Outlook to 2027 – Driven by digitalization, government support, increasing working age population, with upsurge in Gen-Z & millennials population coupled with shifting preference towards easy interest free extra credit line sources” by Ken Research observed that increasing adoption of cashless society with emergence of digital payments fueled by surging working age class will drive the traction of BNPL industry among the users in South Africa. Increasing demand for extra credit line with less stringent KYC procedures without relying on CIBIL scores will be traction for consumers for utilization of BNPL services. Buy Now Pay Later industry in South Africa is expanding at a CAGR of 35.1% in between 2022P and 2027E.

Key Segments Covered: -

 South Africa BNPL Market

By mode of payment (by Revenue) 2022 and 2027: 

• Online
• Offline

By End Users (by Revenue) 2022 and 2027:

• Retailers
• Food Merchants
• Travel Merchants

By Age Group of Users (by Revenue) 2022 and 2027:

• Below 20 years
• 20-40 years
• Above 40 years

Key Target Audience:

• Bankers and associations
• Government associations
• Corporates
• Investment firms
• Government Bodies & Regulating Authorities
• Fintech companies
• Venture capitalists

Time Period Captured in the Report:

• Historical Year: 2019-2021
• Base Year: 2022
• Forecast Period: 2023– 2027F

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Companies Covered:

• TymeBank
• PAYJUSTNOW
• Mobicred
• PayFlex

Key Topics Covered in the Report:

• BNPL Industry positioning
• Socio demographic Outlook of South Africa
• Presence of Global BNPL Players
• Trends of BPNL Industry
• Market size of BPNL
• BNPL transaction process
• Key Features and developments in South Africa BPNL
• SWOT Analysis of South Africa BNPL
• Issues and Challenges in South Africa BNPL
• Investment Analysis of players in BNPL Space
• Role of Government and regulations in South Africa BNPL
• Porter’s Five force Analysis in South Africa BPNL7
• Future Market Size of BNPL

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

Buy Now Pay Later industry in South Africa

Related Reports by Ken Research: -

KSA Buy Now Pay Later Market Outlook to 2027

India Buy Now Pay Later Market Outlook to 2026: Cascading Growth driven by one-click payment ease, unmatched expediency among lending solutions and free of cost deferment of payments, coupled with rising adoption by Merchant Payments due to increase in Customer Conversion and Sales Value

UAE Buy Now Pay Later Industry Outlook to 2027: Driven by adoption of cashless society, increasing Genz & millennials population coupled with shifting preference towards easy interest free extra credit line sources

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3 Key Insights on Competitive Landscape in the Global Fingerprint Sensor Market: Ken Research

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Few Diverse Global Players Dominate the Market Holding Majority Revenue Share Despite the Presence of about ~300 Competitors Comprising a Large Number of Country-Niche Players and Some Regional Players, finds a recent market study on Global Fingerprint Sensor Market by Ken Research

The fingerprint sensor is a category of sensors that are used in a fingerprint detection device for authentication and recognition. These sensors are mainly inbuilt into a fingerprint detection module and it is used for the safety of personal computing devices, access, and data. The major features of fingerprint sensors include better performance, accuracy, and validity based on absolute fingerprint biometric technology.

The fingerprint sensor finds wide adoption in smartphones, biometrics access control devices, security door locks, and other IoT-based devices. Some other applications of fingerprint sensors are voter registration and identification, border control via passport verification, and weapon activation.

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 Regional Companies comprise 30% of the Total Number of Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the Global Fingerprint Sensor Market is highly competitive with more than 300 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in the Fingerprint Sensor Market. The large global players comprise about ~10% in terms of the number of companies and Country Niche players account for ~60% total number of companies. Most of the country’s niche players operate in providing access control solutions to small and medium enterprises in developing countries, especially in India, China, the Philippines, Vietnam, and other South Asian countries.

Leading Global Players' Ongoing Efforts To Provide Fingerprint Sensor Solutions To A wide range of Fingerprint Sensor Industries Are Driving Their Revenue Growth From This Market

Detailed comparative analysis of key competitors available within the Research Study shows that specialist players such as Fingerprint Cards AB, Egis Technology, Vkansee technology Inc., CMOS Sensor Inc., and Touch Biometrix are highly focused on providing specialized solutions regarding fingerprint sensors and possess advanced techniques that can be used across multiple industry verticals. Furthermore, several companies and organizations are aggressively investing in R&D to increase the development of fingerprint sensor solutions.

• In January 2022, IDEMIA launched a new generation of MorphoWave contactless fingerprint terminals. With this technology, users can wave their hands easily and quickly to have their four fingerprints 3D-scanned and confirmed in a fraction of second
• In January 2022, Thales Group collaborated with Mastercard and Bank Pocztowy to bring biometric cards to Poland. When using this card for the transaction, the payment is authorized through biometric verification of the fingerprint of the cardholder, regardless of any amount.

Governments Initiatives to Promote the Adoption of Fingerprint Sensor Technology in Major Regions

• In 2020, the Indian Government mandated biometrics for Aadhar validation in government schemes. The Aadhaar database enables government & private sector organizations to validate the users with their Aadhaar records. Aadhaar Authentication Ecosystem is a procedure by which a person’s Aadhaar number, along with their biometric and demographic information, is sent to CIDR (Central Identities Data Repository) for validation.
• According to The Foreign Biometric Exchange (FBE) Program, biometrics are obtained from foreign law enforcement partners and this is the primary mission of FBE. The biometric records belong to individuals of interest to partner countries, the United States, or the international law enforcement community, and also include individuals associated with or appropriately suspected of terrorist activity, egregious crimes, or transnational criminal activity.

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

Global Fingerprint Sensor Market

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Ankur Gupta, Head Marketing & Communications
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3 Key Insights on Competitive Landscape in the Global Flat Glass Market: Ken Research

Few Diverse Global Players Dominate the Market Holding the Majority Revenue Share Despite the Presence of ~300 Competitors Comprising a Large Number of Regional Players and Country-Niche Players, finds a recent market study on the Global Flat Glass Market by Ken Research

Flat glass is made by dissolving sand, soda ash, and silica in a liquid and spreading it to the required thickness. The molten liquid is then cooled to obtain the desired product. Most flat glass is soda-lime glass, most commonly manufactured using the float glass process, however, it can also be rolled or formed by sheet metal. After manufacturing, the flat glass can be bent for various types of applications.

Flat glass is most commonly used for manufacturing windows, doors, mirrors, photovoltaic modules, and e-glass structures among others.

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

Global Players constitute ~5% of the Total Number of Competitors and Hold the Largest Revenue Share While Regional Players Also Have a Strong Presence

A comprehensive competitive analysis conducted during the Research Study found that the Global Flat Glass Market is highly competitive with ~500 players which include globally diversified players, regional players as well as country-niche players having their niche in the Flat Glass Market for various end-user industries. The global players comprise about 5% in terms of the number of companies and hold around 40% of the market revenue share followed by regional players that account for nearly 35% of the market revenue. Most of the country-niche players are local producers of Flat Glass and its derivatives.

Leading Global Players Focus on Production Facility Expansion and Partnership to Cater the Wider End-user Audience

Detailed comparative analysis of key competitors available within the Research Study shows that global players such as Tomakk Glass Partners, Flat Glass Group Co. Ltd., Compagnie de Saint-Gobain S.A., and others are highly focused on advancing their products and processes to improve their product quality that can be used in multiple end-user industries like construction & Infrastructure, automotive & transportation, solar energy, consumer electronics, etc. Several companies are involved in strategic developments such as production facility expansion, partnerships, and fulfilling carbon-neutral commitments.

• In August 2020, Tomakk Glass Partners announced the launch of its tempered glass fabrication facility in the USA to cater to the rising demand from the commercial, residential, and architectural application segments.
• In February 2021, Flat Glass Group Co. Ltd. and JinkoSolar Holding Co. Ltd has signed a contract for solar glass procurement. Flat Glass Group Co. Ltd. Has secured the order of nearly 338 million square meters of rolled glass to support the production of 59GW of solar modules for three years from 2021 to 2023.

Increased Initiatives of Governments Propelling the Growth of the Flat Glass Market

• In the European Union, the European Commission as well as national governments and employers’ associations have taken initiatives and designed to invest in a sustainable industrial policy for glass manufacturing to foster the growth of the flat glass industry.
• In October 2020, UK government announced funding of £ 54 million to develop a glass R&D facility at St Helens. This will revive the closed United Glass facility of St Helens which will be capable of producing 30 tonnes of sustainable glass a day.

In May 2022, Compagnie de Saint-Gobain S.A. announced that the company has achieved zero carbon production of flat glass by using recycled materials and green energy. This initiative is expected to support the company’s strategy to target carbon neutrality by 2050.

For More Information, refer to below link:-

Flat Glass Raw Material Suppliers

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India Waterproofing Membrane Market Outlook to 2025 – Waterproofing Membrane Market by Revenue (Sheet & Liquid Membrane), By Application (Roofing, Walls, Basements & Others), By End Users (Real Estate, Industrial, Infrastructure & Others) & By Regional Demand (North, West, South & East)

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3 Key Insights on US$ 9 Bn Opportunity in the Global Fingerprint Sensor Market: Ken Research

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Driven by the rising adoption of biometric fingerprint scanners for accurate identification, faster access, and higher security, the Global Fingerprint Sensor Market is forecasted to cross ~US$ 9 Bn by 2028 says Ken Research Study

Fingerprint sensing is one of the prominent access control methods which has gained immense popularity in recent times. The fingerprint sensor belongs to the family of sensors that are used in a fingerprint detection device for authentication and recognition. These sensors are mainly inbuilt into a fingerprint detection module and it is used for the safety of personal computing devices, access, and data. The major features of fingerprint sensors include better performance, accuracy, and validity based on absolute fingerprint biometric technology.

According to Ken Research estimates, the Global Fingerprint Sensor Market – which was valued at US$ ~3 Bn in 2017, is estimated to reach the US $5 Bn in 2022 – and is expected to grow further into a more than US$ 9 Bn opportunity by 2028.

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

1. Global Fingerprint Sensor Industry has Seen Stable Growth Owing to an Increase in the Adoption of Biometric Fingerprint Sensors across the Globe

The Global Fingerprint Sensor Market is expected to witness stable growth during the forecast period 2022-2028 primarily due rising adoption of biometric fingerprint scanners for accurate identification, faster access, and higher security.  Furthermore, post the COVID-19 pandemic, the Fingerprint Sensor Market gained pace due to increased penetration of smartphones which created better opportunities for new entrants as well as established players in the studied market.

Fingerprint sensors have been serving as a primary security phase in smartphones. Even though iris scanners and facial recognition sensors are taking up the pace, their higher cost encourages various enterprises to stick to fingerprint sensing only. Moreover, in certain cases, facial recognition has proven more vulnerable than fingerprint sensing.

2. The Rising Adoption of Smartphones is Driving the Fingerprint Sensor Market

The earliest application of fingerprint sensors in smartphones was by Toshiba in 2011. The adoption of Smartphones is expected to increase to 85% by 2025 from 81% in 2021 according to Global System for Mobile Communications Association (GSMA) which is expected to create more opportunities in the studied market. In 2021, Fingerprint Cards AB launched FPC1553, which is the company’s third-generation slim, side-mounted capacitive touch sensor. This is fused in the Honor X40i, Moto g32, and Vivo Y77 smartphones. The FPC1553 is the latest output of their continuous development in the capacitive segment of fingerprint sensors for smartphones.

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With fingerprint scanners, various banking and government-based mobile applications allow transactions via mobile phone only by authenticating fingerprints. For instance, the Federal Bureau of Investigation (FBI) depends on its partnerships with tribal, state, local, and federal agencies to collaborate on the development of important programs such as the Next Generation Identification (NGI) systems and the National Crime Information Center (NCIC).

3. High Cost Involved in the Development of Biometric Sensors is Affecting the Fingerprint Sensor Market’s growth

The growth of the fingerprint sensor market is hampered by several factors that include cost and substitute products. Although fingerprint sensors are used as a primary authentication device in various banking and government facilities, the high cost that is involved in the development of various biometric sensors is challenging to afford for everyone and hence it affects the market demand globally. The high production cost of raw materials is another important factor that prevents the market growth of the fingerprint Sensors Market Globally.

According to Bayometric, a global supplier of fingerprint scanners, single sign-on solutions, and access control systems, on average, fingerprint readers/sensors are priced anywhere from $50-$2,500 each depending on the certifications, brand, type of sensor, etc

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

Global Fingerprint Sensor Market

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3 Key Insights on ~US$ 15 Bn Opportunity in the Global Brain Health Supplements Market: Ken Research

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The widespread recognition and acceptance of supplements, and shift in consumer preference to improve brain health to boost attention and focus, create tremendous market opportunities for the Global Brain Health Supplements Market which is forecasted to Cross ~US$ 15 Bn by 2028 says Ken Research Study.

Brain health supplements assist improve brain function such as focus, reduce stress, prevent anxiety, dementia, and depression, and improve human memory, encourage good attitudes and thought processes, make people enthusiastic, and improve such key areas of human functioning.

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

1. Product Innovation, Marketing Tactics, and Endorsements are Becoming More Widespread to Spur Market Expansion.

The market continues to expand as a result of a boost in product innovations and gaining widespread awareness of healthy lifestyles. Product safety, nutritive value, and brand familiarity are a few factors that influence consumers' purchase decisions. Making consumers aware of the advantages of supplements based on brain health through a variety of media, including print and electronic, is also likely to influence their purchasing choices. Docosahexaenoic acid (DHA), vitamin D, vitamin B12, antioxidants, vinpocetine, and bacopa monnieri are among the main ingredients utilized in brain health supplements.

According to Ken Research estimates, the Global Brain Health Supplements Market – valued at around ~US$ 5 billion in 2017 and estimated to reach nearly ~US$ 8 billion by 2022 – is further expected to grow to around ~US$ 15 billion opportunity by 2028.

2. Rise in Consumer Awareness of The Benefits of Taking Supplements for Brain Health Drives Market Growth.

The boost in the utilization of herbal and natural products is being accompanied by a rise in consumer concern over issues related to brain health, such as memory improvement, alertness, and creativity. This is expanding the market for substances that promote brain health. Growing consumer awareness of supplements for brain health is another factor driving market expansion. Furthermore, vitamins and nutritional benefits included in brain health supplements help with stress reduction, improved attention, mood elevation, memory improvement, and defense against anxiety, depression, and dementia. Supplements for brain health are a great lifestyle item because of the hectic lifestyle and mental stress of today. Supplements or boosters for brain health are available in a range of formats, including tablets, powders, capsules, and others. Additionally, it is anticipated that the prevalence of brain disorders like Alzheimer's, dementia, and brain tumors would have an impact on the development of this market.

According to World Health Organization, reported in 2021 that with Alzheimer's disease being the most prevalent type and accounting for around 55.2 million instances of dementia worldwide, Alzheimer's disease may account for 60–70% of all dementia cases.

3. Lack of Controls on the Production of Supplements, False Advertising, and Consumer Ignorance of the Product's Availability Restrain Market Expansion.

The market expansion of supplements for brain health is anticipated to be constrained by a number of reasons, such as consumer ignorance about the product's availability. In addition, such products are costly, and people in underdeveloped nations do not view them as absolutely necessary. People all over the world are reluctant to take brain health supplements since many believe them to be a product with a variety of side effects. Another reason is a lack of restrictions on the manufacture of supplements and false claims regarding the usefulness of the product. Manufacturing firms are allowed to advertise their products without seeking regulatory approval, which might result in items with false or misleading claims and undermine consumer confidence in products.

The U.S. Food and Drug Administration (FDA) issued 12 warning letters and 5 online advisory letters to companies in February 2019 for selling more than 58 dietary supplement products illegally and making claims that they could treat, prevent, or cure conditions like Alzheimer's disease as well as other serious illnesses.

According to an estimate by WPP PLC, U.S. political advertising is expected to generate $13 billion in revenue this year, up from $12 billion in 2020.

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

Global Brain Health Supplements Market

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3 Key Insights on Competitive Landscape in the Global Medical Tapes Market: Ken Research

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Regional Players Dominate the Market Holding ~50% Revenue Share Despite the Presence of about ~250 Competitors Comprising a Significant Number of Global and Country-Niche players, finds a recent market study on the Global Medical Tapes Market.

Medical tapes facilitate dressings in cases of wounds, injuries, and surgeries. While there are varieties of medical tapes available in the market, including adhesive tapes, elastic tapes, silicone tapes, paper tapes, and silk cloth tapes, the selection of medical tapes depends on a range of skin-related factors, including its age and integrity, oiliness, or sensitivity to specific adhesives. Tapes that come in a single-use format, with paper or cloth as its base ingredient, help reduce cross-contamination, infection, and waste.

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 Medical Tapes Market is distributed among ~250 players, including globally diversified players, regional players, and country-niche players with expertise in offering tapes that suit the need of specific skin types or meet the demand for a specific region or application subcategory. Some global players, expected to retain their leadership in the market during the forecast period, include 3M, Johnson and Johnson, Paul Hartmann, Scapa Group Plc, Ad Tape & Label, Medtronic, Avery Dennison Corporation, Nichiban Co. Ltd., Nitto Denko Corporation, and Smith and Nephew.

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Innovation and Advanced Product Launches Drive the Major Players in Formulating their Key Strategy

Detailed comparative analysis of key competitors available within the Research Study shows that many companies such as Avery Dennison, 3M, and more, are focused on providing advanced solutions that can be used to cater to a range of patient needs. Many companies and organizations are investing in expanding their product lines through innovation to have a strong foothold in the market.

• In March 2022, Cardinal Healthcare, Inc., one of the leading American multinational healthcare companies, launched the first surgical incise drapes using industry-leading antiseptic Chlorhexidine Gluconate (CHG). To produce this product, Cardinal leveraged Avery Dennison’s patented BeneHold™ CHG adhesive technology. Avery Dennison is a leading player in the Global Medical Tapes Market and its patented adhesive technology helps reduce the risk of surgical site contamination.
• In April 2021, 3M launched a new product line of single-coated medical film tape with Hi-Tack silicone adhesive tape on the liner. With this new silicone adhesive, the company attempted to meet the need for medical devices that are meant for fragile-skinned people. The product was expected to minimize skin cell removal and allow seven days of wear time.

Increasing Government Regulations, and Investments propelling the growth of the Digital Signage Market

• In July 2021, the United States government published a document on the National Strategy for a Resilient Public Health Supply Chain. The strategy was intended to improve the agility of the supply chain by initiating stronger partnerships with the global community and rapidly scaling up production as and where possible.
• In March 2022, the Government of India, a significantly large market for Medical Disposables and Consumables, released its Draft National Medical Devices Policy 2022 for consultation. The medical devices sector in India comprises consumables and disposables, along with electronics equipment, implants, IVD reagents, and surgical instruments. The strategy aims at improving accessibility, affordability, safety, and quality in the medical devices sector, with a focus on self-sustainability, innovation, and growth.

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

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

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Saudi Arabia’s huge surge in recent times with respect to digital transactions, serving as one of the major factors leading to rise of digital credit lending such as that of BNPL in the country: Ken Research

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Increasing number of BNPL Players and its customer base: In just one year, the Middle East region has witnessed an upsurge in the number of companies offering BNPL solutions. With so much action happening on the BNPL ground, its user base is making equally big strides. A major chunk of Saudi Arabian consumers has used BNPL payment methods such as Tamara in 2021 when compared to previous years, with more customers exploring the BNPL services.

Inception of digital economy: Saudi Arabia has witnessed a huge surge in recent times with respect to digital transactions, serving as one of the major factors leading to rise of digital credit. With e-commerce growing at 2.5 times faster than before the pandemic coupled with the fact that BNPL giants have witnessed immense adoption within retail and the wider community is a major growth driver for BNPL industry.

Credit recovery and overspending:  BNPL service issuers Horne a risk of not being able to recover loan amounts that consumers fail to pay on time. There is a huge risk of overspending anywhere from 10%-40% more on purchases, as these purchases are easier to make. That's where BNPL might start to resemble credit cards.

Government regulations: BNPL approved in SAMA's Regulatory Sandbox comes as part of SAMA's endeavor to support e-commerce, increase the level of financial inclusion, in addition to promoting and diversify the financial services offered within the financial sector, Amid the growing adoption of BNPL products in Saudi Arabia, the Saudi Arabian central bank has made it mandatory for all (BNPL) firms to get a permit. Failing to get a permit from the central bank in Saudi Arabia will lead to legal actions.

Myriad of Merchant On boarding: BNPL players are currently in the process of on boarding a huge chunk of merchants in order to increase their presence in the region. Cashew Payments has recently partnered with health and wellness players as there is a huge chunk of Emirati youth ready to spend their money in this space. Key Target audience is between 24 to 35 and 35 to 45 but essentially the largest chunk is between 24 to 36. This is perhaps the reason why the industry is booming here because a lot of young people live to shop and shop to live so and of course the need for a credit check because essentially the credit card is not very easily granted.

Spike in Global investors: Since TAMARA's launch in September 2020, there has been a radical change in the mind-set of global investors towards the region as compared to before.  Investors are now more and more open to investing in the region which has led to a spike in global investor interest from Venture Capital (VC) to Private Equity (PE) firms to investment banks.

The report “KSA Buy Now Pay Later Market Outlook to 2027- Driven by digitalization, government support as a part of Saudi vision 2030 increasing Genz & millennials population due to influx of expatriates coupled with shifting preference towards easy interest free extra credit line sources” by Ken Research provides a comprehensive analysis of the potential of Buy Now Pay Later Industry in Saudi Arabia. The report also covers overview and genesis of the industry, market size in terms of revenue generated; market segmentation by types of services, by end users, by revenue division on the basis of Number of Transactions, on the basis of Number of Transactions, by Age Group of Consumers; growth enablers and drivers, challenges and bottlenecks, trends driving adoption of digital innovation; regulatory framework; end user analysis, industry analysis, competitive landscape including competition scenario, market shares of major players. The report concludes with future market projections of each product segmentation and analyst recommendations.

Key Segments Covered in KSA BNPL Market:-

Market Size of Buy Now Pay Later in KSA

on the basis of Revenue, 2019-2022P

on the basis of Number of Transactions, 2019-2022P

on the basis of Average Order Value, 2019-2022P

Market Segmentation By mode of payment

Online

Offline

Market Segmentation By end user

Ecommerce Giants

Physical Retailers

Travel and entertainment Merchants

Food Merchants

Market Segmentation By age group:

Below 24

24-36

36-50

Above 50

Key Target Audience:-

Bankers and associations

Government associations

Corporates

Investment firms

Government Bodies & Regulating Authorities

Fintech companies

Venture capitalists

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Time Period Captured in the Report:-

Historical Year: 2019-2021

Base Year: 2022

Forecast Period: 2023– 2027F

Companies Covered:-

Tabby

Spotii

Tamara

Cashew

PostPay

Key Topics Covered in the Report:-

BNPL Industry positioning

Socio demographic Outlook of Saudi Arabia

Economic Landscape and Expatriate Population of Saudi Arabia

Overview of Global BNPL Industry

Presence of Global BNPL Players

Disruptors of Credit card Globally

Case Studies of Leading Global BNPL Providers

Trends of BPNL Industry

Market size of BPNL

BNPL transaction process

Key Features and developments in KSA BPNL

Ecosystem of Major Entities in Buy Now Pay Later Industry in KSA

SWOT Analysis of KSA BNPL

Issues and Challenges in KSA BNPL

Investment Analysis of players in BNPL Space

Role of Government and regulations in KSA BNPL

Porter’s Five force Analysis in KSA BPNL

Market Size of Buy Now Pay Later in KSA on the basis of Revenue,  Number of Transactions and Average Order Value, 2019-2022P

Market Segmentation by mode of payment, by end user, and by age group

Future Market Size of Buy Now Pay Later in KSA on the basis of Revenue

Future Market Segmentation by Mode of Payments, by end user and by age group

Future Market Size of BNPL in KSA

Industry Speaks

Analyst Recommendations

Research Methodology

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

KSA Buy Now Pay Later Market

Related Reports:-

India Buy Now Pay Later Market Outlook to 2026: Cascading Growth driven by one-click payment ease, unmatched expediency among lending solutions and free of cost deferment of payments, coupled with rising adoption by Merchant Payments due to increase in Customer Conversion and Sales Value

UAE Buy Now Pay Later Industry Outlook to 2027: Driven by adoption of cashless society, increasing Genz & millennials population coupled with shifting preference towards easy interest free extra credit line sources

South Africa Buy Now Pay Later Market Outlook to 2027F– Driven by digitalization, government support, increasing working age population, with upsurge in Gen-Z & millennials population coupled with shifting preference towards easy interest free extra credit line sources

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

Global Amino Acids Market: Ken Research

 Buy Now

Global Players Dominate the Market Holding nearly 40% of Revenue Share Despite the Presence of about 200 Competitors Comprising Several Regional Players, and Many Country-Niche Players, finds a recent market study on the Global Amino Acids Market by 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.

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

1. Country-niche Players Constitute ~60% of the Total Number of Competitors and Hold ~25% of the Total Market Revenue

A comprehensive competitive analysis conducted during the Research Study found that the Global Amino Acids Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in Amino Acids. The global players comprise ~15% in terms of the number of companies and hold about 40% of the market revenue share. Most of the country-niche players are strategizing to secure high quality and stable supply of raw materials for amino acids.

2. Leading Global Players Investing Heavily to Expand their Production Facility

Detailed comparative analysis of key competitors available within The Research Study shows that key players such as Evonik Industries AG, KYOWA HAKKO BIO CO., LTD., and ADM among others are highly focused on strategic developments including expansion, product launch, and other to fulfill the growing demand for amino acids among various industries.

Furthermore, several companies are focusing on producing high-value or quality amino acids and procuring high-quality raw materials to hold their customers for longer. The companies are investing to expand their manufacturing facilities to double production, which is expected to fulfill the demand of end users.

• In August 2022, CJ CHEILJEDANG CORP., a food and bio giant based in Korea, invested US$210 million to expand its amino acid manufacturing facility in Brazil. The expansion aims to produce high-value-added amino acids.

3. Increased Government and Manufacturers’ Initiatives Promote Amino Acids Growth and Development

• In January 2022, Bayer AG launched an innovative amino acid biostimulant Ambition for the Chinese market. The product is a naturally-existing substance that can stimulate the natural activity of plants and hence can be used widely in oraganic farming. The novel product launched by the company aimed to benefit farmers’ harvesting, soil protection, and consumer safety as the product enhances the growth of crops and also offers stress resistance properties which lead to high yield and quantity of the crop.
• In May 2018, the Madhya Pradesh government started the initiative of producing amino acids from human hair to provide it to the farmer as an organic fertilizer at one-third of the market price. The NGO Sarthak and Madhya Pradesh environment department aimed to set up plants for amino acid growth promoters in Bhopal, Indore, Jabalpur, and Gwalior. The government supported the innovative idea in both technical and financial terms. In addition, human hair is a great source of protein as it is estimated that around 1 kg of hair can produce 20 liters of amino acids.

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

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

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3 Key Insights on US$ 42 Bn Opportunity in Global Amino Acids Market: Ken Research

 Driven by surging demand for amino acids as an ingredient in various industries such as food & beverages, pharmaceutical, dietary supplements, animal feed, and others along with rising awareness regarding the health benefits of amino acids among consumers, the Global Amino Acids Market is Forecasted to reach nearly US$ 42 Bn by 2028 says Ken Research Study.

Amino acids are the building blocks of protein and play a vital role in the human body. They 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.

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

1. Growing Popularity of Amino Acids in Various Industries Encourage Market Growth

Amino acids are widely used to cure ailments such as premenstrual dysphoric disorder (PMDD), sleep difficulties, depression, attention deficit hyperactivity disorder (ADHD), phenylketonuria, chronic fatigue syndrome, narcolepsy, treat muscle soreness, sprain, and others.

Amino acids are gaining popularity to treat various illnesses, which is increasing their demand in different industries and thus, propelling the growth of the global amino acids market. The adoption of new biotechnological methods like genetic and metabolic engineering for the efficient production of high-value amino acids is expected to create immense opportunities for the growth of the amino acids market globally. However, stringent government regulations for products containing amino acids may impede the growth of the market.

According to Ken Research estimates, the Global Amino Acids Market – valued at around US$ 20 Bn in 2017 and estimated to reach nearly US$ 28 Bn by 2022 – is expected to grow to around US$ 42 Bn opportunity by 2028.

2. Surging Demand for Amino Acids in Animal Feed Formulation is Driving the Market Growth

The growing demand for amino acids among animal feed manufacturers to promote reproduction, growth performance, fulfill the protein requirement in animals, and others are expected to bolster the growth of the global amino acids market. The deficiency in any amino acids will result in the slow growth of animals, delay in maturity, reduced immune or metabolic response, low body weight, health problems, and others.

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Thus, amino acids are gaining importance in the formulation of animal feed. In addition, the increasing consumption and demand for meat products coupled with growing livestock production are ultimately boosting the demand for amino acids in the animal feed industry.

The below graph depicts the increased production of meat globally.

3. Stringent Government Regulations Over Products Containing Amino Acids is the Most Significant Barrier to the Growth of the Market.

Governmental bodies lay down stringent regulations on products containing amino acids as an ingredient to ensure the safe nutritional value of the product, which may hamper the growth of the Global Amino Acids Market. Amino acids affect the physical and mental performance of the living being due to which their use in food & beverage products, dietary supplements, pharmaceuticals, and others is regulated for risk assessment. In addition, governmental bodies have also set standards on purity, ingredient quality, and capacity for each industry to avoid any health-related complications.

• European Union laid down the REACH regulations that state that the amino acids that are not used in food or medical preparation must comply with REACH requirements. The requirements are based on enabling data sharing to reduce research and regulatory cost and on the tonnage of substance.

The below graph depicts the estimated greenhouse gas emission to produce 13g of essential amino acids from the raw materials.

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

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

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Contact Us: –

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Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249