#Medical Plastics Market Size & Share

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Medical Plastics Market to Hit $86.4 Billion by 2032

The global Medical Plastics Market was valued at USD 50.8 Billion in 2024 and it is estimated to garner USD 86.4 Billion by 2032 with a registered CAGR of 7.9% during the forecast period 2024 to 2032.

The report throws light on the competitive scenario of the global Medical Plastics Market to know the competition at global levels. Market experts also provided the outline of each leading player of the global Medical Plastics Market for the market, considering the key aspects such as the areas of operation, production, and product portfolio. In addition, the companies in the report are studied based on vital factors such as company size, market share, market growth, revenue, production volume, and profit.

The global Medical Plastics Market is fragmented with various key players. Some of the key players identified across the value chain of the global Medical Plastics Market include SABIC (Saudi Arabia), BASF (Germany), Celanese (US), Evonik (Germany), Solvay (Belgium), Covestro (Germany) and others. etc. Considering the increasing demand from global markets various new entries are expected in the Medical Plastics Market at regional as well as global levels.

Download Medical Plastics Market Sample Report PDF: https://www.vantagemarketresearch.com/medical-plastics-market-1665/request-sample

Top Competitors:

SABIC (Saudi Arabia), BASF (Germany), Celanese (US), Evonik (Germany), Solvay (Belgium), Covestro (Germany) and others.

Understanding the Industry's Growth, has released an Updated report on the Medical Plastics Market. The report is mixed with crucial market insights that will support the clients to make the right business decisions. This research will help new players in the global Medical Plastics Market to sort out and study market needs, market size, and competition. The report provides information on the supply and market situation, the competitive situation and the challenges to the market growth, the market opportunities, and the threats faced by the major players.

Regional Analysis

-North America [United States, Canada, Mexico]

-South America [Brazil, Argentina, Columbia, Chile, Peru]

-Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

-Middle East & Africa [GCC, North Africa, South Africa]

-Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]

You Can Buy This Report From Here: https://www.vantagemarketresearch.com/buy-now/medical-plastics-market-1665/0

Full Analysis Of The Medical Plastics Market:

Key findings and recommendations point to vital progressive industry trends in the global Medical Plastics Market, empowering players to improve effective long-term policies.

The report makes a full analysis of the factors driving the development of the market.

Analyzing the market opportunities for stakeholders by categorizing the high-growth divisions of the market.

Questions answered in the report

-Who are the top five players in the global Medical Plastics Market?

-How will the global Medical Plastics Market change in the next five years?

-Which product and application will take the lion's share of the global Medical Plastics Market?

-What are the drivers and restraints of the global Medical Plastics Market?

-Which regional market will show the highest growth?

-What will be the CAGR and size of the global Medical Plastics Market during the forecast period?

Read Full Research Report with [TOC] @ https://www.vantagemarketresearch.com/industry-report/medical-plastics-market-1665

Reasons to Purchase this Medical Plastics Market Report:

-Analysis of the market outlook on current trends and SWOT analysis.

-The geographic and country level is designed to integrate the supply and demand organizations that drive industry growth.

-Medical Plastics Industry dynamics along with market growth opportunities in the coming years.

-Medical Plastics Market value (million USD) and volume (million units) data for each segment and sub-segment.

1 year consulting for analysts along with development data support in Excel. Competitive landscape including market share of major players along with various projects and strategies adopted by players in the last five years.

Market segmentation analysis including qualitative and quantitative analysis including the impact on financial and non-economic aspects.

Complete company profiles that include performance presentations, key financial overviews, current developments, SWOT analyzes and strategies used by major Medical Plastics Market players.

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Medical Plastics Market Key Companies and Emerging Trends 2024 - 2030

The global medical plastics market size was estimated at USD 52.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030.

This growth can be attributed to the development of advanced plastics and plastic composites used in medical components such as catheters, surgical instrument handles, and syringes. The demand for medical device packaging is likely to be driven by a rise in demand for in-house and advanced medical devices. Plastics including polyethylene, polypropylene, and polycarbonate are increasingly being utilized for the manufacturing of medical devices. The growth of home healthcare due to its low costs compared to hospital care and intensive care has resulted in a rise in demand for medical devices.

According to the latest U.S. census, 16.8% of the U.S. population is over the age of 65 years and this number is anticipated to reach 74 million by 2030. People aged over 85 need the most care and their population is growing rapidly. In March 2021, the U.S. President, Joe Biden, proposed spending USD 400 billion on Medicaid over eight years to fund at-home care for elderly and disabled people as well as increase the wages of caregivers.

Gather more insights about the market drivers, restrains and growth of the Medical Plastics Market

Detailed Segmentation:

Market Concentration & Characteristics

Market growth stage is high, and pace of market growth is accelerating owing to overly consolidated market. Medical plastic manufacturers are actively implementing challenging strategic initiatives such as mergers & acquisitions, new product launches, production expansion, among others.

For instance, In November 2023, TekniPlex Healthcare announced the acquisition of Seisa Medical, a medical device manufacturer based in El Paso, Texas, offering various services throughout the product development cycle. This acquisition will enhance the company's materials science and process technologies worldwide for interventional therapy devices and minimally invasive. From development and design to component manufacturing, final assembly, and packaging, Seisa provides global contract manufacturing services for Class II and III medical devices and specialty components.

Process Technology Insights

Injection molding is a widely used process in the medical plastics industry. It has many advantages, including compliance with medical industry standards and regulations. The use of engineering-grade plastics ensures that parts are created to enhance patient safety and comply with FDA (Food and Drug Administration) guidelines. Injection molding is highly flexible, allowing parts to be fully customizable to fit the consumer.

Application Insights

The medical components segment dominated with a revenue share above 40.0% in 2023. The COVID-19 pandemic increased the demand for medical components such as personal protective equipment (PPE), face masks, gloves & gowns, and magnetic resonance imaging (MRI) scanners. The emerging countries manufactured PPE, face masks, and gloves, whereas, developed countries manufactured technology-intensive equipment such as MRI scanners and mechanical ventilators. Hence, the demand for the aforementioned equipment was rising during the pandemic, which in turn is expected to drive the segment’s growth.

Regional Insights

In 2023, North America dominated global medical plastics market with a market share of above 33.0%. This is expected to augment the demand for generic drugs as well as medical devices in the coming years, thereby driving North America medical plastics market over the forecast period. The key applications catered to by this industry include pharmaceutical packaging and medical components manufacturing.

Rising demand for medical plastics in pharmaceutical packaging applications and the rapid growth of the pharmaceutical industry in Mexico and Canada are expected to drive the medical plastics market in the region. For instance, the elimination of stringent regulations by the Mexican government, which had earlier restricted the establishment of new manufacturing units, has resulted in the establishment of new pharmaceutical manufacturing facilities for major companies such as Takeda and Astellas in Mexico.

Product Insights

The Poyphenylsulfone (PPSU) resin segment dominated the medical plastics market with a revenue share of above 51.0% in 2023. The heat and chemical resistance of PPSU can be attributed to this dominance. These plastics possess high strength and durability, making essential surgical tools. These are preferred in surgical robots and biopharmaceutical processing. Polyphenylsulfone exhibits good heat and chemical resistance, making it ideal for metal replacement in medical applications. These plastics possess high flexural strength, impact resistance, and durability and are ideal for producing single- and multi-use surgical instruments. Its high-temperature resistance makes it suitable for multi-use medical devices that are repeatedly steam-sterilized.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global polybutadiene market size was valued at USD 1.88 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030.

• The global polycarbonate sheet market size was valued at USD 4.64 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2030. 

Key Companies & Market Share Insights

Some key market players include BASF SE; Celanese Corporation; Evonik Industries AG; SABIC; Dow, Inc.; Solvay S.A.; Trinseo S.A.; and Eastman Chemical Company.

• In November 2022, Celanese Corporation announced the acquisition of DuPont's Mobility & Material (M&M) business for USD 11 billion. This strategic move enables Celanese to expand its global reach and enhance its offerings in the environmental sector, particularly in sustainable transportation.

Key Medical Plastics Companies:

The following are the leading companies in the medical plastics market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these medical plastics companies are analyzed to map the supply network.

• Röchling SE & Co. KG

• Nolato AB

• Saint-Gobain

• SABIC

• Orthoplastics Ltd

• Eastman Chemical Company

• Celanese Corporation

• Dow, Inc.

• Tekni-Plex, Inc.

• Solvay S.A.

• HMC Polymers Company Limited

• ARAN BIOMEDICAL TEORANTA

• Trelleborg Group

• Avantor, Inc.

• Trinseo

• Evonik Industries AG

Medical Plastic Market Segmentation

Grand View Research has segmented the global medical plastic market based on product, application, and region:

Medical Plastics Product Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

• Polyethylene (PE)

• Polypropylene (PP)

• Polycarbonate (PC)

• Liquid Crystal Polymer (LCP)

• Polyphenylsulfone (PPSU)

• Polyethersulfone (PES)

• Polyethylenimine (PEI)

• Polymethyl Methacrylate (PMMA)

• Others

Medical Plastics Process Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Extrusion

• Injection Molding

• Blow Molding

• Other

Medical Plastics Application Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

• Medical Device Packaging

• Medical Components

• Orthopedic Implant Packaging

• Orthopedic Soft Goods

• Wound Care

• Cleanroom Supplies

• BioPharm Devices

• Mobility Aids

• Sterilization and Infection Prevention

• Tooth Implants

• Denture Base Material

• Other Implants

• Others

Medical Plastics Region Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

o Netherland

• Asia Pacific

o China

o India

o Japan

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o Saudi Arabia

o UAE

Order a free sample PDF of the Medical Plastics Market Intelligence Study, published by Grand View Research.

Recent Developments

Some key players operating in market include BASF SE; Celanese Corporation; Evonik Industries AG; SABIC; Dow, Inc.; Solvay S.A.; Trinseo S.A.; Eastman Chemical Company among others.

• In February 2023, Cleanse Corporation announced the acquisition of DUPONT's mobility and mobility business for USD 11.00 billion. This strategic move enables Cleanse to expand its global reach and enhance its offerings in the environmental sector, particularly in sustainable transportation.

• In June 2023, SABIC acquired Clariant's 50% stake in Scientific Design, a renowned catalysis leader. This acquisition bolstered the non-cyclical, technology-driven business and brought it closer to becoming a leading global specialist.

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How Does Research and Development Boost Medical Injection-Molded Plastics Industry?

The medical injection-molded plastics industry has garnered $23,014.7 million revenue in 2021, and it is projected to rise at a rate of 5.7% from 2021 to 2030, to generate $37,899.5 million in 2030. It is ascribed to the rising consumption of plastic in various healthcare applications, including medical devices, mobility aids, and implant packaging.

Moreover, the surging research & development expenditure, and technological advancements in the healthcare sector propels the requirement for medical-grade injection-molded polymers.

Medical components capture the substantial industry revenue, of approx. 25% and it is further projected to follow the same trend from 2021 to 2030. It is attributed to the massive usage of high-grade plastics for medical equipment manufacturing, including catheters, syringes, containers, and medical bags.

Furthermore, the rising requirement for light and durable medical products, easy to sterilize is projected to propel the industry.

Additionally, the implants generate significant industry revenue, and their sales are projected to rise at a faster rate in the near future. It is ascribed to the rising elderly population, and the growing prevalence of dental implants, orthopedic disorders, endovascular disorders, and cardiovascular diseases.

In addition, the technological advancements in medical implants, led by extensive R&D to provide better results of medical procedures, cause industry propulsion.

Furthermore, mobility aids have experienced the highest CAGR, and it is projected to rise at the fastest rate in the future. It is ascribed to the worldwide rising elderly population, various technological advancements, and increasing healthcare expenses in developing countries.

Moreover, the rising usage of mobility aids, such as drinking aids, wheelchairs, and bath chairs, propels the market expansion.

Injection-molded plastics play a greater role in the transformation of the healthcare sector. These materials are used in the manufacturing of blood sample analysis cuvettes, pregnancy test devices, needle housing, and other medical components. It ensures their lightweight, easy sterilization, and higher affordability.

In addition, these polymers can be utilized in the production of disposable plastic syringes, and blood bags, by molding them. These plastics are used to create antibacterial contact interfaces that can kill bacteria and other pathogens, and reduce infection spread.

Moreover, these plastics can be customized to cater to the requirements of specific applications. They hold the potential to adapt to the smallest and most-delicate molds. Plastics are massively used in the production of surgical equipment, and products, including contemporary pacemakers, stents, catheters, and joint replacement systems.

North America holds the largest industry revenue, of over 40%, and it is projected to follow the same trend in the near future. It is ascribed to growing per capita income, surging healthcare costs, and a rising elderly population.

The U.S. captures a substantial share of the region-based industry, ascribed to highly advanced technology, growing demand for implantable devices, rising health awareness, healthcare policies, and government support.

APAC is projected to experience the fastest growth in the coming future, rising at a rate of over 6%. It is led by the growing application of injection-molded plastics in medical implants, components, and mobility aids.

In addition, the increasing consumer awareness of affordable medical products developed by molded products, rising concern on research and development of medical devices, and growing adoption of cutting-edge technologies in healthcare is projected to propel the industry growth.

Therefore, the medical injection molded plastics industry is projected to rise due to the increasing elderly population.

Source: P&S Intelligence

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https://cynochat.com/read-blog/185825_plastic-injection-molding-for-medical-device-market-size-analysis-and-forecast-2.html

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Acetic Acid Market - Forecast(2024 - 2030)

Acetic Acid Market Overview

Acetic Acid Market Size is forecast to reach $14978.6 Million by 2030, at a CAGR of 6.50% during forecast period 2024-2030. Acetic acid, also known as ethanoic acid, is a colorless organic liquid with a pungent odor. The functional group of acetic acid is methyl and it is the second simplest carboxylic acid. It is utilized as a chemical reagent in the production of many chemical compounds. The major use of acetic acid is in the manufacturing of vinyl acetate monomer, acetic anhydride, easter and vinegar. It is a significant industrial chemical and chemical reagent used in the production of photographic film, fabrics and synthetic fibers. According to the Ministry of Industry and Information Technology, from January to September 2021, the combined operating revenue of 12,557 major Chinese garment companies was US$163.9 billion, showing a 9% increase. Thus, the growth of the textile industry is propelling the market growth for Acetic Acid.

Report Coverage

The “Acetic Acid Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Acetic Acid industry.

By Form: Liquid and Solid.

By Grade: Food grade, Industrial grade, pharmaceutical grade and Others.

By Application: Vinyl Acetate Monomer, Purified Terephthalic Acid, Ethyl Acetate, Acetic Anhydride, Cellulose Acetate, Acetic Esters, Dyes, Vinegar, Photochemical and Others 

By End-use Industry: Textile, Medical and Pharmaceutical, Oil and Gas, Food and Beverages, Agriculture, Household Cleaning Products, Plastics, Paints & Coating and Others.

By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).

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Key Takeaways

The notable use of Acetic Acid in the food and beverages segment is expected to provide a significant growth opportunity to increase the Acetic Acid Market size in the coming years. As per the US Food and Agriculture Organization, world meat production reached 337 million tonnes in 2019, up by 44% from 2000.

The notable demand for vinyl acetate monomer in a range of industries such as textile finishes, plastics, paints and adhesives is driving the growth of the Acetic Acid Market. 

Increase in demand for vinegar in the food industry is expected to provide substantial growth opportunities for the industry players in the near future in the Acetic Acid industry.

Acetic Acid Market Segment Analysis – by Application

The vinyl acetate monomer segment held a massive 44% share of the Acetic Acid Market share in 2021. Acetic acid is an important carboxylic acid and is utilized in the preparation of metal acetates and printing processes, industrially. For industrial purposes, acetic acid is manufactured by air oxidation of acetaldehyde with the oxidation of ethanol, butane and butene. Acetic acid is extensively used to produce vinyl acetate which is further used in formulating polyvinyl acetate. Polyvinyl acetate is employed in the manufacturing of plastics, paints, textile finishes and adhesives. Thus, several benefits associated with the use of vinyl acetate monomer is boosting the growth and is expected to account for a significant share of the Acetic Acid Market.

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Acetic Acid Market Segment Analysis – by End-use Industry

The food and beverages segment is expected to grow at the fastest CAGR of 7.5% during the forecast period in the Acetic Acid Market. Acetic Acid is also known as ethanoic acid and is most extensively used in the production of vinyl acetate monomer. Vinyl acetate is largely used in the production of cellulose acetate which is further used in several industrial usage such as textiles, photographic films, solvents for resins, paints and organic esters. PET bottles are manufactured using acetic acid and are further utilized as food containers and beverage bottles. In food processing plants, acetic acid is largely used as cleaning and disinfecting products. Acetic acid is extensively used in producing vinegar which is widely used as a food additive in condiments and the pickling of vegetables. According to National Restaurant Association, the foodservice industry is forecasted to reach US$898 billion by 2022. Thus, the advances in the food and beverages industry are boosting the growth of the Acetic Acid Market. 

Acetic Acid Market Segment Analysis – by Geography

Asia-Pacific held a massive 41% share of the Acetic Acid Market in 2021. This growth is mainly attributed to the presence of numerous end-use industries such as textile, food and beverages, agriculture, household cleaning products, plastics and paints & coatings. Growth in urbanization and an increase in disposable income in this region have further boosted the industrial growth in this region. Acetic acid is extensively used in the production of metal acetates, vinyl acetate and vinegar which are further utilized in several end-use industries. Also, Asia-Pacific is one of the major regions in the domain of plastic production which provides substantial growth opportunities for the companies in the region. According to Plastic Europe, China accounted for 32% of the world's plastic production. Thus, the significant growth in several end-use industries in this region is also boosting the growth of the Acetic Acid Market.

Acetic Acid Market Drivers 

Growth in the textile industry:

Acetic Acid, also known as ethanoic acid, is widely used in the production of metal acetate and vinyl acetate which are further used in the production of chemical reagents in textiles, photographic films, paints and volatile organic esters. In the textile industry, acetic acid is widely used in textile printing and dyes. According to China’s Ministry of Industry and Information Technology, in 2020, textile and garment exports from China increased by 9.6% to US$291.22 billion. Also, according to the U.S. Department of Commerce, from January to September 2021, apparel exports increased by 28.94% to US$4.385 billion, while textile mill products rose by 17.31% to US$12.365 billion. Vinyl acetate monomer is utilized in the textile industry to produce synthetic fibers. Thus, the global growth in demand for textiles is propelling the growth and is expected to account for a significant share of the Acetic Acid Market size.

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Surge in use of vinegar in the food industry:

The rapid surge in population along with the adoption of a healthy and sustainable diet has resulted in an increase in demand for food items, thereby increasing the global production level of food items. As per US Food and Agriculture Organization, in 2019, global fruit production went up to 883 million tonnes, showing an increase of 54% from 2000, while global vegetable production was 1128 million tonnes, showing an increase of 65%. Furthermore, world meat production reached 337 million tonnes in 2019, showing an increase of 44% from 2000. Acetic acid is majorly used in the preparation of vinegar which is further widely utilized as a food ingredient and in personal care products. Vinegar is used in pickling liquids, marinades and salad dressings. It also helps to reduce salmonella contamination in meat and poultry products. Furthermore, acetic acid and its sodium salts are used as a food preservative. Thus, the surge in the use of vinegar in the food industry is boosting the growth of the Acetic Acid Market.

Acetic Acid Market Challenge

Adverse impact of acetic acid on human health:

Acetic Acid is considered a strong irritant to the eye, skin and mucous membrane. Prolong exposure to and inhalation of acetic acid may cause irritation to the nose, eyes and throat and can also damage the lungs. The workers who are exposed to acetic acid for more than two or three years have witnessed upper respiratory tract irritation, conjunctival irritation and hyperkeratotic dermatitis. The Occupational Safety and Health Administration (OSHA) reveals that the standard exposure to airborne acetic acid is eight hours. Furthermore, a common product of acetic acid i.e., vinegar can cause gastrointestinal tract inflammatory conditions such as indigestion on excess consumption. Thus, the adverse impact of Acetic Acid may hamper the market growth. 

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Acetic Acid Industry Outlook

The top 10 companies in the Acetic Acid Market are:

Celanese Corporation

Eastman Chemical Company

LyondellBasell

British Petroleum

Helm AG

Pentoky Organy

Dow Chemicals

Indian Oil Corporation

Daicel Corporation

Jiangsu Sopo (Group) Co. Ltd.

Recent Developments

In March 2021, Celanese Corporation announced the investment to expand the production facility of vinyl portfolio for the company’s acetyl chain and derivatives in Europe and Asia.

In April 2020, Celanese Corporation delayed the construction of its new acetic acid plant and expansion of its methanol production by 18 months at the Clear Lake site in Texas.

In October 2019, BP and Chian’s Zhejiang Petroleum and Chemical Corporation signed MOU in order to create a joint venture to build a 1 million tonne per annum Acetic Acid plant in eastern China.

Key Market Players:

The Top 5 companies in the Acetic Acid Market are:

Celanese Corporation

Ineos Group Limited

Eastman Chemical Company

LyondellBasell Industries N.V.

Helm AG

For more Chemicals and Materials Market reports, please click here

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Flexible Packaging Market Size, Share, Growth Analysis And Forecast Report 2030

The global flexible packaging market size is expected to reach USD 373.34 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.8% from 2024 to 2030. This market growth is owing to the growing importance of increasing food shelf life and growing adoption of sustainable and cost-effective packaging by end-users.

The shelf life of food products depends on factors such as storage conditions, packaging material, and exposure to microorganisms, oxygen, light, and moisture. The flexible packaging consists of plastic films with high barrier properties. The high-barrier properties efficiently block the transmission of moisture, light, and oxygen from contacting sensitive foods. Furthermore, the reseal closure products featured flexible packaging that allow users to securely close the bags or pouches, ensuring the freshness of the packaged food products over several uses.

The industry players are adopting several strategies including partnerships, expansions, mergers & acquisitions, joint ventures, new product launches, and partnership agreements to increase the customer base and individual market share. For instance, in May 2023, Amcor plc inked an agreement to acquire New Zealand-based automated protein packaging machines manufacturer, Moda Systems. This acquisition is expected to provide Amcor plc with a new option related to equipment in automated protein products packaging, making it the only flexible packaging manufacturer to own high-speed rotary equipment for packaging fresh meat.

Gather more insights about the market drivers, restrains and growth of the Global Flexible Packaging Market

Flexible Packaging Market Report Highlights

The rapid growth of e-commerce sector globally creates opportunities for flexible packaging manufacturers to cater to the specific needs of online retail businesses. Companies that develop packaging solutions to protect products during transit, reduce damage, and improve unboxing experiences can gain a competitive advantage in the e-commerce market

The growing number of medical device manufacturers and ongoing research on new packaging materials is driving the market for medical flexible packaging. The strong healthcare infrastructure coupled with growing healthcare spending in the public sector is expected to have a positive impact on market demand

The pouches segment is expected to grow at a CAGR of 5.2% over the forecast period 2024-2030. This is owing to the pouches being resealable and a cost-effective alternative to metal, cardboard, and glass containers for packaging solutions

Food & beverage was the largest application segment, accounting for 55.9% of global volume share in 2023. Growing demand for packaged foods, including ready-to-eat meals, frozen meals, snack foods, and cake mixes, is expected to force flexible packaging manufacturers to increase production capacity, thus augmenting market for flexible packaging demand over the forecast period

Asia Pacific recorded a higher market share in 2023 owing to factors such as rising population, rising income levels, and changing lifestyles are expected to drive consumption of the packaged food cosmetics, and pharmaceutical products resulting in increased demand for flexible packaging solutions

Several key companies are collaborating to strengthen their market positions in the flexible packaging industry. For instance, in June 2023, Coveris acquired Poland-based D.K. LAMIN, a manufacturer of flexible packaging laminated films and converted products. With an emphasis on value-added medical packaging, home and personal care food, and pet food, D.K. LAMIN's experience and product offerings integrate with Coveris' existing product portfolio, particularly complementing its pet food growth goal

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

Cross-linked Polyethylene Market: The global cross-linked polyethylene market size was valued at USD 8.0 billion in 2023 and is projected to grow at a CAGR of 6.9% from 2024 to 2030.

Poly Alpha Olefin Market: The global poly alpha olefin market size was valued at USD 1.48 billion in 2023 and is projected to grow at a CAGR of 2.8% from 2024 to 2030.

Flexible Packaging Market Segmentation

Grand View Research has segmented the global flexible packaging market report based on material, product, application, and region

Flexible Packaging Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Plastics

Polyethylene (PE)

Polypropylene (PP)

Polyamide (PA)

Polyvinyl Chloride (PVC)

Polystyrene (PS)

Others

Paper

Metal

Bioplastics

Flexible Packaging Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Bags

Pouches

Retort Pouches

Refill Pouches

Rollstock

Films & Wraps

Others

Flexible Packaging Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Food

Beverages

Pharmaceutical & Healthcare

Personal Care & Cosmetics

Others

Flexible Packaging Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

Europe

Asia Pacific

Central & South America

Middle East & Africa

Order a free sample PDF of the Flexible Packaging Market Intelligence Study, published by Grand View Research.

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Flexible Packaging Market Size, Share, Growth, Analysis Forecast to 2030

The global flexible packaging market size is expected to reach USD 373.34 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.8% from 2024 to 2030. This market growth is owing to the growing importance of increasing food shelf life and growing adoption of sustainable and cost-effective packaging by end-users.

The shelf life of food products depends on factors such as storage conditions, packaging material, and exposure to microorganisms, oxygen, light, and moisture. The flexible packaging consists of plastic films with high barrier properties. The high-barrier properties efficiently block the transmission of moisture, light, and oxygen from contacting sensitive foods. Furthermore, the reseal closure products featured flexible packaging that allow users to securely close the bags or pouches, ensuring the freshness of the packaged food products over several uses.

The industry players are adopting several strategies including partnerships, expansions, mergers & acquisitions, joint ventures, new product launches, and partnership agreements to increase the customer base and individual market share. For instance, in May 2023, Amcor plc inked an agreement to acquire New Zealand-based automated protein packaging machines manufacturer, Moda Systems. This acquisition is expected to provide Amcor plc with a new option related to equipment in automated protein products packaging, making it the only flexible packaging manufacturer to own high-speed rotary equipment for packaging fresh meat.

Gather more insights about the market drivers, restrains and growth of the Global Flexible Packaging Market

Flexible Packaging Market Report Highlights

The rapid growth of e-commerce sector globally creates opportunities for flexible packaging manufacturers to cater to the specific needs of online retail businesses. Companies that develop packaging solutions to protect products during transit, reduce damage, and improve unboxing experiences can gain a competitive advantage in the e-commerce market

The growing number of medical device manufacturers and ongoing research on new packaging materials is driving the market for medical flexible packaging. The strong healthcare infrastructure coupled with growing healthcare spending in the public sector is expected to have a positive impact on market demand

The pouches segment is expected to grow at a CAGR of 5.2% over the forecast period 2024-2030. This is owing to the pouches being resealable and a cost-effective alternative to metal, cardboard, and glass containers for packaging solutions

Food & beverage was the largest application segment, accounting for 55.9% of global volume share in 2023. Growing demand for packaged foods, including ready-to-eat meals, frozen meals, snack foods, and cake mixes, is expected to force flexible packaging manufacturers to increase production capacity, thus augmenting market for flexible packaging demand over the forecast period

Asia Pacific recorded a higher market share in 2023 owing to factors such as rising population, rising income levels, and changing lifestyles are expected to drive consumption of the packaged food cosmetics, and pharmaceutical products resulting in increased demand for flexible packaging solutions

Several key companies are collaborating to strengthen their market positions in the flexible packaging industry. For instance, in June 2023, Coveris acquired Poland-based D.K. LAMIN, a manufacturer of flexible packaging laminated films and converted products. With an emphasis on value-added medical packaging, home and personal care food, and pet food, D.K. LAMIN's experience and product offerings integrate with Coveris' existing product portfolio, particularly complementing its pet food growth goal

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

Cross-linked Polyethylene Market: The global cross-linked polyethylene market size was valued at USD 8.0 billion in 2023 and is projected to grow at a CAGR of 6.9% from 2024 to 2030.

Poly Alpha Olefin Market: The global poly alpha olefin market size was valued at USD 1.48 billion in 2023 and is projected to grow at a CAGR of 2.8% from 2024 to 2030.

Flexible Packaging Market Segmentation

Grand View Research has segmented the global flexible packaging market report based on material, product, application, and region

Flexible Packaging Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Plastics

Polyethylene (PE)

Polypropylene (PP)

Polyamide (PA)

Polyvinyl Chloride (PVC)

Polystyrene (PS)

Others

Paper

Metal

Bioplastics

Flexible Packaging Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Bags

Pouches

Retort Pouches

Refill Pouches

Rollstock

Films & Wraps

Others

Flexible Packaging Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Food

Beverages

Pharmaceutical & Healthcare

Personal Care & Cosmetics

Others

Flexible Packaging Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

Europe

Asia Pacific

Central & South America

Middle East & Africa

Order a free sample PDF of the Flexible Packaging Market Intelligence Study, published by Grand View Research.

[latestmarketresearchnews]

Botulinum Toxin Industry Outlook, Share, Opportunities and Forecast to 2030

The global botulinum toxin market size is expected to reach USD 21.1 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 9.8% from 2024 to 2030. Botulinum toxin is a drug formed from a toxin built by the bacteria clostridium botulinum. These drugs work by paralyzing or tempering specific muscles or by hindering certain nerves. The effect of the drug lasts for about a few months, depending on the treatment. Botulinum toxin is used for both therapeutic and aesthetic applications. Nowadays, the drug is highly adopted for aesthetic procedures. For instance, Botox is a non-invasive cosmetic procedure and is used to reduce forehead creases, facial fine lines, wrinkles, and crow’s feet among others. The demand for botulinum toxin is expected to grow during the forecast period owing to the growing demand for minimally invasive or non-invasive procedures in aesthetics. Furthermore, increasing application in therapeutic applications, coupled with growing R&D initiatives, is expected to expand the market.

The COVID-19 outbreak has significantly affected the market. Initially, due to lockdown and global restrictions being imposed in most countries, many aesthetic treatments and procedures were halted. The COVID-19 pandemic has caused a huge disruption in the supply chain of the overall medical industry. However, the sales of botulinum toxins such as botox observed a surge due to the increased demand during the pandemic. Several plastic surgeons and dermatologists are accrediting the boom to individuals wishing to put their finest appearance for online meetings and conferences and greater time to attend consultations and recover from procedures.

Gather more insights about the market drivers, restrains and growth of the Global Botulinum Toxin Market

Population aged above 40 years are focusing on the physical features and wish to have a younger look. Thus, rising emphasis on aesthetic beauty, for instance, lip treatments by women, especially in developed countries is anticipated to fuel the industry growth. Also, botulinum toxin is used to treat several age-related conditions such as glabellar lines, crow’s feet, and forehead lines. Hence, people above the age of 40 are more vulnerable to such signs of aging. Therefore, procedures of botulinum toxin are gaining more popularity among individuals aged between 40-55 years, thereby augmenting the industry growth. Furthermore, rising cases of chronic disorders such as migraine and cervical dystonia are likely to drive the market.

Botulinum Toxin Market Report Highlights

The type A product type segment dominated the market in 2023. This is because type A products including Dysport and Botox are commercially available in the market in most countries and have been clinically tested and proven to be safe and effective in the long term with minimal side effects.

The therapeutic application segment accounted for 43.0% of the market share

North America dominated the global market in 2023 with a revenue share of over 46.9% owing to the rising technological advancements for cosmetic treatments and the increasing number of specialists and service providers

Asia Pacific is expected to register the highest CAGR of 11.1% over the forecast period owing to the growing patient population, rising awareness regarding aesthetic procedures, and rapid technological advancements

Browse through Grand View Research's Medical Devices Industry Research Reports.

Wound Care Market: The global wound care market size was valued at USD 23.15 billion in 2024 and is projected to grow at a CAGR of 4.19% from 2025 to 2030.

Medical Device Complaint Management Market: The global medical device complaint management market size was estimated at USD 8.08 billion in 2024 and is expected to grow at a CAGR of 8.79% from 2025 to 2030.

Botulinum Toxin Market Segmentation

Grand View Research has segmented the global botulinum toxin market report based on product type, application, end-use, and region:

Botulinum Toxin Product Type Outlook (Revenue, USD Billion, 2018 - 2030)

Type A

Botox

Dysport

Xeomin

Others

Type B

Botulinum Toxin Application Outlook (Revenue, USD Billion, 2018 - 2030)

Therapeutic

Chronic Migraine

Overactive Bladder

Cervical Dystonia

Spasticity

Others

Aesthetic

Glabellar Lines

Crow’s Feet

Forehead Lines

Others

Botulinum Toxin End-use Outlook (Revenue, USD Billion, 2018 - 2030)

Hospitals

Dermatology Clinics

Cosmetic Centers and Medspas

Botulinum Toxin Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Order a free sample PDF of the Botulinum Toxin Market Intelligence Study, published by Grand View Research.

[researchreportinsight]

Botulinum Toxin Market 2030 - Top Countries Data with Future Scope and Top Key Players Analysis

The global botulinum toxin market size is expected to reach USD 21.1 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 9.8% from 2024 to 2030. Botulinum toxin is a drug formed from a toxin built by the bacteria clostridium botulinum. These drugs work by paralyzing or tempering specific muscles or by hindering certain nerves. The effect of the drug lasts for about a few months, depending on the treatment. Botulinum toxin is used for both therapeutic and aesthetic applications. Nowadays, the drug is highly adopted for aesthetic procedures. For instance, Botox is a non-invasive cosmetic procedure and is used to reduce forehead creases, facial fine lines, wrinkles, and crow’s feet among others. The demand for botulinum toxin is expected to grow during the forecast period owing to the growing demand for minimally invasive or non-invasive procedures in aesthetics. Furthermore, increasing application in therapeutic applications, coupled with growing R&D initiatives, is expected to expand the market.

The COVID-19 outbreak has significantly affected the market. Initially, due to lockdown and global restrictions being imposed in most countries, many aesthetic treatments and procedures were halted. The COVID-19 pandemic has caused a huge disruption in the supply chain of the overall medical industry. However, the sales of botulinum toxins such as botox observed a surge due to the increased demand during the pandemic. Several plastic surgeons and dermatologists are accrediting the boom to individuals wishing to put their finest appearance for online meetings and conferences and greater time to attend consultations and recover from procedures.

Gather more insights about the market drivers, restrains and growth of the Global Botulinum Toxin Market

Population aged above 40 years are focusing on the physical features and wish to have a younger look. Thus, rising emphasis on aesthetic beauty, for instance, lip treatments by women, especially in developed countries is anticipated to fuel the industry growth. Also, botulinum toxin is used to treat several age-related conditions such as glabellar lines, crow’s feet, and forehead lines. Hence, people above the age of 40 are more vulnerable to such signs of aging. Therefore, procedures of botulinum toxin are gaining more popularity among individuals aged between 40-55 years, thereby augmenting the industry growth. Furthermore, rising cases of chronic disorders such as migraine and cervical dystonia are likely to drive the market.

Botulinum Toxin Market Report Highlights

The type A product type segment dominated the market in 2023. This is because type A products including Dysport and Botox are commercially available in the market in most countries and have been clinically tested and proven to be safe and effective in the long term with minimal side effects.

The therapeutic application segment accounted for 43.0% of the market share

North America dominated the global market in 2023 with a revenue share of over 46.9% owing to the rising technological advancements for cosmetic treatments and the increasing number of specialists and service providers

Asia Pacific is expected to register the highest CAGR of 11.1% over the forecast period owing to the growing patient population, rising awareness regarding aesthetic procedures, and rapid technological advancements

Browse through Grand View Research's Medical Devices Industry Research Reports.

Wound Care Market: The global wound care market size was valued at USD 23.15 billion in 2024 and is projected to grow at a CAGR of 4.19% from 2025 to 2030.

Medical Device Complaint Management Market: The global medical device complaint management market size was estimated at USD 8.08 billion in 2024 and is expected to grow at a CAGR of 8.79% from 2025 to 2030.

Botulinum Toxin Market Segmentation

Grand View Research has segmented the global botulinum toxin market report based on product type, application, end-use, and region:

Botulinum Toxin Product Type Outlook (Revenue, USD Billion, 2018 - 2030)

Type A

Botox

Dysport

Xeomin

Others

Type B

Botulinum Toxin Application Outlook (Revenue, USD Billion, 2018 - 2030)

Therapeutic

Chronic Migraine

Overactive Bladder

Cervical Dystonia

Spasticity

Others

Aesthetic

Glabellar Lines

Crow’s Feet

Forehead Lines

Others

Botulinum Toxin End-use Outlook (Revenue, USD Billion, 2018 - 2030)

Hospitals

Dermatology Clinics

Cosmetic Centers and Medspas

Botulinum Toxin Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Order a free sample PDF of the Botulinum Toxin Market Intelligence Study, published by Grand View Research.

[chemicalsindustry]

3D Printing Elastomers Market Industry Leaders Size & Share Outlook & New Revenue Pockets

The market size of 3D printing elastomers is estimated at USD 162 million in 2021 and is projected to reach USD 583 million by 2026, registering a CAGR of 29.1% from 2021-2026. The 3D printing elastomers market is on course for intense growth across different end-use industry verticals such as consumer goods, medical & dental, automotive, and aerospace & defense. 3D printing elastomer manufacturers and end-product manufacturers are taking initiatives and making huge investments in R&D and various business partnerships to improve the quality of 3D printed elastomeric products and to augment their 3D printing elastomers business segment revenue.

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There are various types of materials available for 3D printing, which include plastics, metal, ceramics, and elastomers. Among all these materials, elastomers are estimated to record high growth in the 3D printing market during the forecast period. This is mainly due to the ease of producing large and complex parts at a lower cost. 3D printing elastomers offer improved elongation, superior toughness, and extreme durability.

Based on form, the powder segment led the market in 2020. High demand for the powder form is due to the growing adoption of 3D printing in the aerospace & defense and automotive industries. Further, the filament form is estimated to be the second-largest segment of the 3D printing elastomers market. High consumption of plastic materials across various end-use industries, such as healthcare and automotive, are responsible for the surging demand for the filament form.

Based on technology, the SLS segment dominates the market during the forecast period. Selective laser sintering (SLS) is one of the major technologies in the 3D printing materials market that works on powder bed fusion technology. The objects created using SLS are generally made with thermoplastic powders. Nylon is one of the widely used types of plastics that are used to print 3D objects using this technology. SLS is used to create objects using thermoplastic powders and is very useful in producing parts with complex geometries and good mechanical properties, and the materials are also easily available.

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North America is the largest region in the 3D printing elastomers market owing to the increasing demand from the aerospace & defense, medical & dental, and automotive industries. The region held the largest share in the 3D printing elastomers market, in terms of value, in 2020. Strong support from the governments for 3D printed goods over conventional goods and the presence of key manufacturers in the region are also expected to further drive the growth of the market. The market in the region is segmented as the US, Canada, and Mexico.

[metatechinsights]

Cosmetic Surgery Market Size & Growth 2025-2035

Industry Outlook

The Cosmetic Surgery market accounted for USD 63.5 Billion in 2024 and is expected to reach USD 175.8 Billion by 2035, growing at a CAGR of around 9.7% between 2025 and 2035. The cosmetic surgery market refers to the surgical and non-surgical operations that modify the look of an individual. Such operations can be a facelift, liposuction, rhinoplasty, and implants in the chest area. It serves people who want surgery for cosmetic or post-accident purposes or who want to alter their appearance. Some of the reasons that they put forward include higher awareness of beauty, improved technology, surgical procedures, and the effect of social sites. The market is also growing because non-surgical procedures such as Botox and dermal fillers are getting popular.

Report Scope:

2024

2035Market Size in 2024 & 2035200.0150.0100.050.00.020242035ParameterDetailsLargest MarketAsia PacificFastest Growing MarketEuropeBase Year2024Market Size in 2024USD 63.5 BillionCAGR (2025-2035)9.7%Forecast Years2025-2035Historical Data2018-2024Market Size in 2035USD 175.8 BillionCountries CoveredU.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Switzerland, Sweden, Finland, Netherlands, Poland, Russia, China, India, Australia, Japan, South Korea, Singapore, Indonesia, Malaysia, Philippines, Brazil, Argentina, GCC Countries, and South AfricaWhat We CoverMarket growth drivers, restraints, opportunities, Porter’s five forces analysis, PESTLE analysis, value chain analysis, regulatory landscape, pricing analysis by segments and region, company market share analysis, and over 10 companiesSegments CoveredSegments Covered Procedure Type, Age Group, Gender, Technology, End-user, and Region

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Market Dynamics

Medical tourism growth attracts international patients seeking affordable options.

Cosmetic Surgery Market is steadily developing due to various factors that shape the demand for foreign patients. The major reason is increasing awareness and desire for beauty and image-boosting as influenced by societal norms to look good, such as through social media influences. The rising availability of superior, intricate surgery and outpatient procedures makes cosmetic surgery attractive. The last thing to consider is the cost. Many patients go to other countries where the prices are lower than in their countries.

For instance, the American Society of Plastic Surgeons indicated that 1.8 million cosmetic surgeries were done in 2020, showcasing the strong market demand. Besides, access to accredited healthcare facilities is related to the development of medical tourism and affects patients from countries with high medical costs.

Potential risks and complications associated with surgical interventions.

Cosmetic Surgery Market is growing, although it is growing slowly due to several constraints. Firstly, the high cost of the treatments suggests it's an expensive service that can't help the general public by providing affordable operations. Elective procedures are not covered by insurance, and many people are unable to afford the procedure. They also pointed out regulatory issues and differences in market standards that slow down market development and negate patient safety and satisfaction. Furthermore, potential clients are hesitant to use the service due to the social stigma associated with surgery, particularly in societies with strict social norms. The operating prohibitive risk of developing complications after surgery and postoperative infections and discontentment with the results discourage people.

Greater attention to the psychological state of the patient leads to essential questions about the psychological attitudes towards such operations and to the revision of the criteria for admitting patients to operations. These factors create major difficulties for increasing the cosmetic surgery market’s development.

Integrating advanced technologies like AI for improved patient outcomes.

The application of advanced technologies such as artificial intelligence (AI) brings larger opportunities for the Cosmetic Surgery Market. AI benefits patients because it gives detailed recommendations to counteract anatomic differences and meet the patient’s expectations. Furthermore, patients have more confidence in the expected results of their therapies due to artificial intelligence's overnight use of imaging and simulations in patient care. Improvement of potential medical procedures is achieved using data on creatures of operations, and specific medical procedures following the surgery may lower the risk of surgical impossibilities and speed relief.

The application of AI helps to minimize classic paperwork, such as scheduling or billing, increasing the productivity of cosmetic practices. Consumers’ interest in aesthetic surgery increases, and using AI technologies increases clinics’ competitiveness and attracts the audience interested in the IT sector. The integration of AI into cosmetic surgery benefits clinical areas and helps to improve patient care in this fragmented industry.

Industry Experts Opinion

“Aesthetic Partners is one of the earliest players in the clinical aesthetics space and has demonstrated an exceptional track record of helping medical aesthetic, dermatology and plastic surgery practices across the country grow their businesses,"

Sonya Brown, General Partner, Co-Head of Growth Equity at Norwest Venture Partners.

“A unique feature of cosmetic procedures is that it captures an array of health practitioners including GPs, dermatologists, ear nose and throat specialists, anesthetists, cosmetic surgeons, allied health and nurses,"

Dr. Margaret Faux, Founder and Chief Executive Officer (CEO) of Synapse Medical Services.

Segment Analysis

Based on the procedure type, the Cosmetic Surgery Market is classified into Surgical Procedures and Non-Surgical Procedures. In the Cosmetic Surgery Market, non-surgical procedures grow due to their minimal level of invasiveness, shorter healing times, and lower costs. These procedures, like Botox, dermal fillers, and laser treatments, are more popular than surgical procedures because they are invasive and have fewer complications than surgical procedures. Non-surgical procedures now account for the major portion of the market because of the growing trend of "look" improvement without the need for surgery. Similarly, technological advancements have increased the safety and therapeutic efficacy of numerous interventions, leading to their use.

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Global Spunbond Nonwoven Market Size, Share & Forecast (2023-2030)

The global spunbond nonwoven market is experiencing rapid growth, driven by increasing demand for sustainable materials and versatile applications across industries. Spunbond nonwovens, made from long filaments bonded through heat or chemical treatment, are known for their strength, lightweight nature, and cost-effectiveness.

Market Size and Growth

The market size of spunbond nonwovens was valued at approximately USD X billion in 2023 and is expected to grow at a CAGR of X% from 2023 to 2030. The rise in demand for eco-friendly products, coupled with advancements in production technologies, is fueling this growth.

Key Market Drivers

Increased Use in Hygiene Products Spunbond nonwovens are widely used in hygiene applications such as diapers, sanitary pads, and adult incontinence products due to their softness and high absorption capacity.

Booming Medical Sector The COVID-19 pandemic amplified the need for medical-grade spunbond nonwovens for face masks, surgical gowns, and disposable gloves.

Sustainable Packaging Solutions Spunbond nonwovens are gaining popularity in the packaging industry as a sustainable alternative to single-use plastics.

Growth in Agriculture and Automotive Sectors From crop covers to car interiors, spunbond nonwovens offer durability and cost-effectiveness for various industrial applications.

Regional Insights

Asia-Pacific: The largest market, led by China and India, due to the expansion of healthcare and agriculture sectors.

North America: Steady growth driven by demand for hygiene and medical applications.

Europe: Focus on sustainable practices boosts demand for eco-friendly spunbond nonwovens.

Market Challenges

Environmental concerns over non-biodegradable variants.

Fluctuations in raw material prices affecting production costs.

Future Outlook

Innovations in bio-based spunbond materials and increased investment in automation will likely shape the market's trajectory. By 2030, the market is expected to reach a valuation of USD X billion, highlighting its growing importance across diverse industries.

Conclusion

The global spunbond nonwoven market is poised for significant growth, supported by advancements in technology and rising demand across various sectors. Businesses investing in sustainable and high-performance solutions will likely lead the market in the coming years.

For premium spunbond nonwoven products, explore Favourite Fab, your trusted partner in quality and innovation.

[industrynewsupdates]

Pharmaceutical Packaging Market Trends, Opportunities, and Challenges 2024 - 2030

The global pharmaceutical packaging market was valued at USD 139.37 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2030. A key driver of this growth is the substantial expansion of the pharmaceutical sector itself. In recent years, the pharmaceutical industry has experienced rapid growth, fueled by continuous advancements in science and technology. This upward trend is expected to persist throughout the forecast period, especially in developing countries such as China, India, Saudi Arabia, and Brazil, where the healthcare infrastructure and pharmaceutical demand are expanding quickly.

The United States is the largest pharmaceutical market in the world. Several factors contribute to this dominance, including the size of the healthcare system, high per capita income, and substantial investments in drug development within the country. These elements collectively drive the growth of the pharmaceutical sector in the U.S. Additionally, the increasing importance of generic drugs and broader access to better healthcare services are expected to create further growth opportunities for pharmaceutical packaging in the coming years.

A significant piece of legislation, the 21st Century Cures Act, was signed into law in the U.S. on December 13, 2016. This act is designed to expedite the development of medical products, including pharmaceutical drugs, by enhancing the approval process and encouraging innovation in the industry. The implementation of the Cures Act is expected to spur new developments in pharmaceutical products, which will, in turn, drive the demand for pharmaceutical packaging in the U.S. market. These factors collectively indicate a continued growth trajectory for the pharmaceutical packaging industry, especially in key markets such as the U.S.

Gather more insights about the market drivers, restrains and growth of the Pharmaceutical Packaging Market

Regional Insights

North America

North America dominated the pharmaceutical packaging market with a revenue share of 35.9% in 2023. The largest end-use segment in the region was pharma manufacturing, which includes in-house production of pharmaceutical products. The presence of a substantial number of pharmaceutical plastic bottle manufacturers in the U.S., such as AptarGroup Inc., Gerresheimer AG, Amcor Ltd., and Berry Plastics Group, Inc., is expected to have a positive impact on the demand for pharmaceutical plastic bottles over the forecast period. These companies play a critical role in supplying the packaging materials required for pharmaceutical products, further driving market growth.

Asia Pacific

The Asia Pacific region is anticipated to register the fastest CAGR of over 12% from 2024 to 2030. This growth is driven by increasing health awareness among consumers, particularly in developing countries such as China and India, and rising disposable income levels. As a result, the demand for pharmaceuticals is expected to grow, which will in turn boost the need for pharmaceutical packaging solutions. In 2020, China led the Asia Pacific market and is expected to maintain this position due to government initiatives like Healthy China 2020, as well as a growing aging population and expanding contract-manufacturing activities. These factors contribute to the increasing demand for pharmaceutical packaging in the region.

Europe

In Europe, the pharmaceutical packaging market is expected to experience significant growth due to rising research and development (R&D) activities and the continuous introduction of new medicines aimed at improving patient health and quality of life. Companies such as BioNTech SE and CureVac in Europe have made notable achievements, particularly with their successful vaccine development in 2020. These successes have attracted further investments into the biotech industry in countries like Germany, Russia, and the U.K., propelling the growth of pharmaceutical packaging in the region.

The Saudi Arabian pharmaceutical packaging market is one of the major players in the Middle East & Africa region. International pharmaceutical companies are recognizing the potential of the Middle Eastern and North African (MENA) market. For example, Sanofi is a leading player in Morocco, and GlaxoSmithKline leads the market in Saudi Arabia. In addition, local pharmaceutical companies such as SPIMACO and Hikma from Jordan and Saudi Arabia are aiming to become regional leaders. These developments are expected to drive the demand for various pharmaceutical packaging materials in the region during the forecast period.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global flexible paper packaging market size was estimated at USD 50.35 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030. 

• The global seaweed packaging market size was valued at USD 699.23 million in 2023 and is expected to expand at a CAGR of 6.6% from 2024 to 2030.

Key Companies & Market Share Insights

The global pharmaceutical packaging market is highly competitive, with numerous players competing for market share. To strengthen their positions, key players are increasingly focusing on acquisitions, which is intensifying the competition within the market. These companies directly compete with each other to secure contracts from large pharmaceutical manufacturers. As a result, the level of competitive rivalry in the market is high.

To differentiate themselves in this competitive landscape, companies are focusing on offering value-added services to attract more clients. Common processes employed by packaging manufacturers to enhance their offerings include spray painting, ultraviolet (UV) coating, and metallization to color packaging containers. Additionally, packaging companies are incorporating various anti-counterfeit measures, such as barcodes, holograms, sealing tapes, and radio frequency identification (RFID) technologies to ensure product authenticity and security.

Notable developments in the market include:

• In November 2023, Amcor Plc, a leading global provider of packaging solutions, announced a Memorandum of Understanding (MOU) with NOVA Chemicals Corporate, a producer of sustainable polyethylene. Under the agreement, Amcor will procure mechanically recycled polyethylene resin (rPE) from NOVA Chemicals for use in the production of flexible packaging films. This partnership supports Amcor’s commitment to sustainable packaging by increasing the use of recycled materials, contributing to the circularity of packaging.

• In July 2023, Constantia Flexibles introduced a new pharmaceutical packaging solution called REGULA CIRC, which uses coldform foil. The packaging replaces conventional PVC with a PE sealing layer, resulting in reduced plastic content and a higher proportion of aluminum. This shift not only enhances the sustainability of the packaging but also improves material recovery during the recycling process.

• In April 2023, Südpack launched its PharmaGuard blister, a new polypropylene-based blister packaging. This product is designed to offer an exceptional water vapor barrier and effective resistance to UV light and oxygen, making it suitable for the packaging of sensitive pharmaceutical products that require enhanced protection.

Key Pharmaceutical Packaging Companies:

• Amcor plc

• Becton, Dickinson, and Company

• AptarGroup, Inc.

• Drug Plastics Group

• Gerresheimer AG

• Schott AG

• Owens Illinois, Inc.

• West Pharmaceutical Services, Inc.

• Berry Global, Inc.

• WestRock Company

• SGD Pharma

• International Paper

• Comar, LLC

• CCL Industries, Inc.

• Vetter Pharma International

Order a free sample PDF of the Pharmaceutical Packaging Market Intelligence Study, published by Grand View Research.

[marketprofessional]

Industrial Snapshot of Skin Imaging Systems Market

The Skin Imaging Systems Market Report is a treasured source of insightful data for business strategists. It provides an in-depth assessment of numerous features of industries like market overview, present progress valuations, historical and future Studies, current trends, SWOT valuations, and clients operating in several regions. The study provides valuable information to magnify the understanding, scope, and segments of this report. The report covers a comprehensive analysis of Skin Imaging Systems Market segmentation and regional and country breakdowns. This research will offer a clear and exact idea about the whole industry to the readers to make beneficial decisions.

According to Straits Research, the global Skin Imaging Systems market size was valued at USD 163.99 million in 2023. It is projected to reach from USD 176.78 million in 2024 to USD 322.39 million by 2032, growing at a CAGR of 7.8% during the forecast period (2024–2032).

This study pinpoints noteworthy trends influencing the trajectory of the Gesture Recognition market's expansion. Within this recently issued report, crucial dynamics encompassing drivers, limitations, and prospects are underscored. These aspects hold relevance for well-established market entities as well as emerging stakeholders engaged in the realms of production and supply.

Request a Sample Report @ https://straitsresearch.com/report/global-skin-imaging-systems-market/request-sample

Competitive Analysis

The report contains an in-depth analysis of the vendor’s profile, including financial health, business units, key business priorities, SWOT, strategies, and views.

Emage Medical LLC

Courage + Khazaka electronic GmbH

Atys Medical

Longport Inc.

Cortex Technology

Canfield Scientific Inc.

tpm – taberna pro medicum

MetaOptima Technology Inc.

DermSpectra.

The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant R&D investments.

Request Sample Report of Global Skin Imaging Systems Market @ https://straitsresearch.com/report/global-skin-imaging-systems-market/request-sample

Vendors across different verticals are planning for high investments in this market, and as a result, the market is expected to grow at an impressive rate in the upcoming years. The key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, collaboration & partnerships, joint ventures, and a few other strategies to be in a strong position in the global market.

Market Segmentation Analysis

The report provides a wide-ranging evaluation of the market, providing in-depth qualitative insights, historical data, and supportable projections along with the assumptions about the Skin Imaging Systems Market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor’s portfolio, blogs, white papers, and vendor presentations. Thus, the research report represents every side of the Skin Imaging Systems Market and is segmented on the basis of regional markets, offerings, applications, and end-users.

By Type

Ultrasound

Optical

By Applications

Pigmented Lesions

Psoriasis

Skin Cancer

Plastic and Reconstructive Surgery

Other Applications

By End-User

Hospital

Specialty Clinics

Skin Rejuvenation Centers

Telemedicine Centers

Others

By Sales Channel

Direct

Distribution Channel

Access Detailed Segmentation @ https://straitsresearch.com/report/global-skin-imaging-systems-market/segmentation

Regional Analysis

North America held the largest Skin Imaging Systems Market share in 2018 and is expected to dominate the market during the forecast period. The market will experience a steep rise in the following regions covered- North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

[marketanalysisdata]

Urinary Catheters Industry Size, Share, Growth, Analysis Forecast to 2030

The global urinary catheters market was valued at USD 5.2 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. This growth is driven by an increasing number of patients experiencing Urinary Tract Infections (UTIs), urethral blockages, and tumors in the urinary tract or reproductive organs, along with the rapidly expanding geriatric population. Urinary catheters, which are flexible tubes used to drain urine from the bladder, are commonly made from materials such as plastic, rubber, and silicon. Physicians recommend urinary catheterization for conditions such as Urinary Incontinence (UI), urinary retention, prostate surgery, or other medical issues like spinal cord injury, multiple sclerosis, or dementia, where bladder function may be compromised.

Gather more insights about the market drivers, restrains and growth of the Urinary Catheters Market

Regional Insights:

North America Urinary Catheters Market Trends

North America led the global urinary catheters market in 2022, holding over 34.4% of the total revenue share, with expected continued growth. This dominance is attributed to the increasing prevalence of diseases such as bladder obstruction, UI, Benign Prostate Hyperplasia (BPH), urinary retention, and bladder cancer. In North America, urological conditions are a significant health concern, especially among the elderly. The National Association for Continence reports that individuals aged 40 and above frequently suffer from Overactive Bladder (OAB) and urine urgency. Additionally, the American Society of Nephrology notes that urologic issues rank as the third most common complaint in individuals aged 65 and above, accounting for about 47% of physician visits in the U.S. Furthermore, bladder cancer rates are significant; according to the Canadian Cancer Society, around 12,200 cases were diagnosed in 2020, with 2,600 related deaths. The high incidence of BPH-related surgeries and rising bladder cancer cases are key factors driving market growth in North America.

Asia Pacific Urinary Catheters Market Trends

The Asia Pacific region is projected to be the fastest-growing market for urinary catheters during the forecast period. This growth is fueled by the increasing incidence of spinal cord injuries, BPH, and UTIs, with UTIs being among the most prevalent infectious diseases in the region. UTIs in Asia Pacific lead to high rates of morbidity and mortality, especially in hospitals, and impose a considerable financial burden on communities. Factors like advancing age, constipation, vaginal deliveries, childbirth, obesity, surgery, and chronic respiratory conditions elevate the risk of UTIs, particularly among women, thereby driving demand for urinary catheters in the region. Additionally, increased government spending, investments by leading market players, and awareness initiatives are expected to contribute to market growth. For example, in India, the Urological Society of India developed guidelines to raise awareness about urinary incontinence, while in South Korea, the Korean Incontinence Society promotes awareness regarding pelvic floor and lower urinary tract health issues. Such initiatives are anticipated to drive market expansion in Asia Pacific throughout the forecast period.

Browse through Grand View Research's Category Medical Devices Industry Research Reports.

The global endoscope sterilization market size was estimated at USD 1.20 billion in 2024 and is projected to grow at a CAGR of 9.64% from 2025 to 2030.

The global neuromodulation devices market size was estimated at USD 5,795.81 million in 2024 and is anticipated to grow at a CAGR of 8.51% from 2025 to 2030.

Key Companies & Market Share Insights:

To expand their market share, companies in the urinary catheters industry are continuously introducing new products and expanding their geographical reach. For instance, Japan-based Terumo Corporation acquired Sequent Medical, a U.S.-based medical device manufacturer, through its U.S. subsidiary. This acquisition reflects a broader trend among global players, who are relocating production facilities to different countries to achieve economies of scale.

Furthermore, many manufacturers in the catheter industry form partnerships with major medical device distributors to supply their products either globally or within specific countries. Such strategic alliances are widespread and benefit manufacturers by providing marketing licenses, while also reducing liability in cases of product recall or adverse events. A prominent example is the three-year purchasing agreement signed in March 2019 between Coloplast Corporation and Premier Inc., a U.S.-based healthcare company. Through this agreement, Coloplast’s urology products, including catheters, gained access to Premier’s network alliance, which consists of around 4,000 U.S. hospitals. Premier's integrated supply chain, advisory, and data analytics solutions allow Coloplast to secure supply agreements at lower costs, supporting the company’s market presence and reach in the U.S.

Key Urinary Catheters Companies:

Hollister, Inc.

Medtronic PLC

Boston Scientific Corp.

BD (C.R. Bard, Inc.)

Cook Medical

ConvaTec, Inc.

Teleflex, Inc.

Coloplast

Braun Melsungen AG

Medline Industries, Inc.

J and M Urinary Catheters LLC

Order a free sample PDF of the Urinary Catheters Market Intelligence Study, published by Grand View Research.