Point-of-Use Water Treatment Systems Market Insights, Size & Share 2032 The global point-of-use water treatment systems market size was valued at USD 24.32 billion in 2024. The market is projected to grow from USD 26.37 billion in 2025 to USD 46.35 billion by 2032, exhibiting a CAGR of 8.4% during the forecast period. Fortune Business Insights™ publishes this information in a report titled, "Point of Use Water Treatment Systems Market, 2025-2032". As per the report, the market is expected to grow during the projected period due to increasing awareness regarding water-borne diseases.
Point-of-Use (POU) water treatment systems are installed in both residential and non-residential settings where water is directly consumed or used. Typically mounted at a single water outlet such as under kitchen counters, bathroom showers, these systems handle smaller volumes of water, making them ideal for the final stage of purification in homes or light commercial buildings. When combined with point-of-entry systems, they provide comprehensive treatment, ranging from contaminant removal to water softening. Get a Free Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/102814 Segments: Countertop Filters to Lead Market Due to High Demand By product type, the market is divided into under the counter filters, countertop filters, pitcher filters, faucet-mounted filters, and others. Countertop filters are expected to lead the global market due to their increasing plumbing sector demand. RO Filter Segment to Dominate Market Due to its Excellent Features Based on category, the market is classified into RO filters, UV filters, gravity filters, and others. RO filters segment is anticipated to dominate the market due to its excellent features and feasibility. Residential Segment to Be the Fastest-Growing Application On the basis of application, the market is bifurcated into residential and light commercial. The residential segment holds the highest market share due to increasing adoption of these point of use water treatment systems in residential projects. Geographically, the market share is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Drivers & Restraints: Rising Adoption of Smart Water Treatment Systems to Augment Growth The market is expected to grow significantly during the forecast period due to increasing awareness regarding water-borne diseases. The rising demand for smart water treatment systems is anticipated to drive the market in the coming years. Also, various environmental campaigns conducted by governments and social workers are projected to bolster the global point of use water treatment systems market growth. Regional Insights: Asia Pacific Holds Highest Market Share Due to Rapid Urbanization Asia Pacific dominates the global point of use water treatment systems market share due to rapid urbanization and growth opportunities in the region. The regional market stood at USD 7.71 billion in 2021. Europe is the second-largest contributor to the global market. The regional market growth is attributed to the increasing adoption of water treatment systems in the household sector. Furthermore, the rising adoption of recent technologies is expected to fuel the regional market growth. Competitive Landscape: New Product Launch Allow Companies to Enhance their Product Portfolio The leading market players focus on forming strategic alliances and partnerships with supporting organizations. Also, the companies adopt recent technologies to introduce new product ranges and enhance their product portfolio. Key Industry Development:
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Linerless Labels Market Share, Industry Size & Forecast Analysis 2032 Corrugated Carton Market Size & Demand Forecast 2032 — In-depth Analysis The global corrugated carton market size was valued at USD 171.37 billion in 2024. The market is projected to grow from USD 178.22 billion in 2025 to USD 230.87 billion by 2032, exhibiting a CAGR of 3.77% during the forecast period. Corrugated cartons are produced by using two to three layers of liners, creating a robust structure. These cartons provide strength to the products, which helps for the transportation of goods. They are resistant to tear and pressure and are light in weight which is anticipated to increase their demand and boost market growth during the forecast period.
Fortune Business Insights™ mentioned this in a report titled, “Corrugated Carton Market, 2025-2032.” Get a Free Sample PDF Brochure:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/108688 Segmentation Analysis: Increasing Cost-Effectiveness to Drive Single Wall Segment Growth By wall type, the market is divided into single wall, double wall, and triple wall. The single wall segment holds the largest corrugated carton market share as single wall cartons are highly cost-effective and lightweight. Growing Utilization of Slotted Cartons by Customers to Boost Slotted Carton Segment Growth By product type, the market is classified into slotted carton, folding carton, telescope carton, and die cut carton. The slotted carton segment dominates the market due to increasing utilization by several companies and customers to ship their products. The increased demand is driven by strong flaps & stable structure of slotted cartons. Growing Usage of Corrugated Cartons in Food & Beverage Industry to Boost Food & Beverage Segment Growth Based on end-use industry, the market is segmented into food & beverage, pharmaceutical, e-commerce, chemicals, building & construction, and others. The food & beverage segment accounted for the largest market share in 2022 owing to the increasing usage of corrugatedcartons in the food & beverage industry and rising sustainability. Geographically, the market is studied across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Drivers & Restraints: What is the major driver of market growth? A: The growing demand from the e-commerce sector is the primary driver, supported by the need for safe, customizable, and printable packaging for online retail, food, and pharmaceuticals. What is a key restraint impacting market growth? A: Rising raw material and kraft paper costs globally could limit market expansion during the forecast period. Regional Insights: Which region leads the global corrugated carton market? A: Asia Pacific dominates the market, fueled by growing e-commerce sales and rising consumer interest in online shopping. Which region is the second largest market? A: Europe is the second-leading region, benefitting from regulations banning single-use plastics, which boost the shift toward corrugated packaging. Key Industry Development:
About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights Pvt. Ltd. 9th Floor, Icon Tower, Baner - Mahalunge Road, Baner, Pune-411045, Maharashtra, India. Phone: US: +18339092966 UK: +448085020280 APAC: +91 744 740 1245 Email: [email protected] Activated Carbon Market Size, Demand & Key Trends 2032 The global activated carbon market size was valued at USD 5.70 billion in 2024. The market is projected to grow from USD 5.62 billion in 2025 to USD 10.04 billion in 2032, exhibiting a CAGR of 8.7% during the forecast period. Activated carbon, also called activated charcoal, is a form of carbon that is majorly used in air purification and gas cleaning applications as they have a high absorption capacity and porosity. The growing use of this product in several industries, right from food & beverage to chemicals is expected to amplify market growth.
Fortune Business Insights™ displays this information in a report titled, "Activated Carbon Market, 2025-2032." Get a Free Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/102175 Segmentation: Granular Carbon to Gain Traction Due to its Rising Use in Many End-use Industries Based on type, the global market is segmented into powdered, granular, and others. The Granulated Activated Carbon (GAC) segment is the fastest-growing segment as this type of carbon finds major usage in several industries, such as air & gas purification and water treatment. Activated Charcoal to be Increasingly Used in Water Treatment Applications Due to Rising Industrial Activities Based on application, the market is categorized into water treatment, air & gas purification, food & beverage, pharmaceutical & healthcare treatment, and others. The water treatment segment held the largest activated carbon market share in 2022 as the product is widely used in water treatment applications to eliminate organic compounds and toxic substances. With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Coverage: What does the report cover?
What factors are driving the activated carbon market growth?
What regions are covered in the market analysis?
Key Market Players to Offer Sustainable Purification Solutions to Boost Their Presence Some of the key companies operating in this market include Cabot Corporation and Kuraray Co. Ltd. These firms are focusing on providing sustainable purification solutions to various industries, such as oil & gas, water treatment, and food & beverage, which will help them strengthen their market position. Key Industry Development:
https://www.fortunebusinessinsights.com/enquiry/customization/102175 About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights Pvt. Ltd. 9th Floor, Icon Tower, Baner - Mahalunge Road, Baner, Pune-411045, Maharashtra, India. Phone: US: +18339092966 UK: +448085020280 APAC: +91 744 740 1245 Email: [email protected] Marble Market Demand, Size, and Competitive Analysis 2032 The global marble market size was valued at USD 69,520.45 Million in 2024. The market is projected to grow from USD 73,026.46 Million in 2025 to USD 93,526.35 Million by 2032 at a CAGR of 3.78% during the forecast period. Marble is a metamorphic rock composed of recrystallized carbonate materials, primarily calcite or dolomite. It reforms through the transformation of limestone under high pressure and temperature. Its beauty and durability have resulted in its multiple applications. It is widely adopted in architecture and sculpture, adorning buildings, monuments, and artworks.
The COVID-19 pandemic significantly impacted the global market. Lockdowns and health concerns resulted in the closure and minimized operations of quarries and processing facilities in major marble-producing nations and a decline in production. However, the market experienced recovery as restrictions were eased. The increasing demand for residential projects supported the market's growth. Fortune Business Insights™ displays this information in a report titled, “Marble Market, 2025-2032." Get a Free Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/marble-market-104560 Segmentation: White Color Captured Largest Market Share Due to its Widespread Adoption in Building and Construction Projects Based on color, the market is classified into white, black, yellow, red, and others. The white color segment captured the largest marble market share in 2023 and is projected to grow significantly in the coming future. This growth is influenced by its widespread adoption in building and construction projects in flooring, walls, and countertops, driven by its durability and aesthetic appeal. Building & Construction Dominated Market Due to Durability and Aesthetic Appeal of Marble Based on application, the market is segmented into building & construction, statues & monuments, furniture, and others. The building & construction segment accounted for the largest share of the market in 2023. This growth can be attributed to its properties, such as durability, aesthetic appeal, and versatility as a building material. With respect to region, the market covers North America, Latin America, Europe, the Asia Pacific, and the Middle East & Africa. Report Coverage: The report has conducted a detailed study of the market and highlighted several critical areas, such as leading applications, colors, and key market players. It has also focused on the latest market trends and key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow. Drivers and Restraints: Increasing Need for Sustainable Construction to Fuel Market Expansion Marble, being a renewable resource, can be extracted with reduced carbon emissions when sourced properly. Its longevity is also a contributing factor supporting sustainable construction. Buildings and structures made from this material necessitate less maintenance and tend to have extended lifespans in comparison to those constructed with less durable materials. This durability property also minimizes the requirement for frequent replacements and lowers wastage, appealing to sustainable construction. These factors contribute to the overall marble market growth. However, market growth is restricted by the constraining factor of the availability and affordability of high-quality raw materials. Regional Insights: Europe Held Dominant Market Share Due to Product’s Historical and Cultural Significance The European region held the dominant market share, generating a value of USD 31.08 billion in 2023. The region’s growth can be attributed to the historical and cultural significance of the product and its application in high-end construction and design. The North American region is expected to witness growth. Residential and commercial construction activities in the region significantly contribute to its market growth. Competitive Landscape: Major Players to Focus on Price, Quality, and Variety of Marble Types Offered to Maintain Their Competitiveness in Market Some of the major players operating in this market are Levantina y Asociados de Minerales SA, Polycor Inc., Daltile, Temmer Merme, and Antolini Luigi & CSpa. The market is characterized by fragmentation with several players of different sizes, from local quarry operations to large, vertically integrated companies. The market is highly competitive and based on factors such as price, quality, variety, and value-added services. Notable Industry Development: May 2023: Polycor Inc. acquired ROCAMAT, a major player in the international building stone production sector and a major natural stone producer in France. ROCOMAT operates 30 limestone quarries and four processing facilities in France. This acquisition aims to foster new growth opportunities for Polycor in the country. LIST OF KEY COMPANIES PROFILED IN THE REPORT
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/marble-market-104560 About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Address: Fortune Business Insights Pvt. Ltd. 9th Floor, Icon Tower, Baner – Mahalunge Road, Baner, Pune-411045, Maharashtra, India. Phone US: +18339092966 UK: +448085020280 APAC: +91 744 740 1245 Email: [email protected] Blow Molded Plastics Industry Analysis, Trends & Size Forecast 2032 Amorphous Soft Magnetic Materials Market Size, Share & Future Outlook 2032 The global amorphous soft magnetic materials market is set to gain traction from the increasing research activities to develop new fabrication methods. Several researchers are striving to blend amorphous and nano-crystalline alloys for improving ductility & thermal stability. Fortune Business Insights™ presents this information in a new study, titled, “Amorphous Soft Magnetic Materials Market Size, Share & Industry Analysis, By Application (Electronic Article Surveillance, Flexible Antenna, Magnetic Sensors, Magnetic Shielding, Transformers, and Others), and Regional Forecast, 2025-2032.” The study further mentions that the amorphous soft magnetic materials market size was USD 522.4 million in 2019 and is projected to reach USD 728.5 million by 2027, exhibiting a CAGR of 4.7% during the forecast period.
Get a Free Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/103526 Drivers & Restraints- What is driving the growth of the amorphous soft magnetic materials market? The market is growing due to the high demand for amorphous alloys, which are made of cobalt, nickel, iron, silicon, phosphorus, carbon, and boron. Industrial users are seeking materials that help reduce operating costs, save energy, and improve efficiency. Amorphous alloys meet these needs with properties such as high mechanical strength and low coercive field, boosting market growth. What factors could restrain the market growth? The market growth may be hampered by the availability of substitute soft magnetic materials, which can compete with amorphous alloys for similar applications. Segmentation Analysis- Which application segment leads the market and why? The transformers segment leads the market, holding 55.9% share in 2019. Amorphous alloys are widely used in transformer cores, improving efficiency and reducing overall weight, making them the preferred material in this application. Regional Analysis- Asia Pacific to Dominate Stoked by Rising Development of Transformers in China Regionally, Asia Pacific generated USD 286.1 million in terms of revenue in 2019. This growth is attributable to the major contributions of China. It is considered to be one of the largest manufacturers of amorphous metal transformers, thereby resulting in the surging demand for amorphous soft magnetic materials. Apart from that, the rising usage of electric vehicles (EVs) in this country is set to augment the market growth in Asia Pacific. Europe, on the other hand, is expected to remain in the second position stoked by the presence of a well-established electronics industry in Germany. Competitive Landscape- Key Players Aim to Launch New Amorphous Soft Magnetic Materials to Intensify Competition The market for amorphous soft magnetic materials consists of a wide range of companies functioning from across the globe. They are trying to strengthen their positions and overtake their rivals by introducing state-of-the-art products in the market. Below are two of the latest industry developments:
https://www.fortunebusinessinsights.com/enquiry/customization/103526 About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights Pvt. Ltd. 9th Floor, Icon Tower, Baner - Mahalunge Road, Baner, Pune-411045, Maharashtra, India. Phone: US: +18339092966 UK: +448085020280 APAC: +91 744 740 1245 Email: [email protected] Castor Oil Derivatives Market Industry Analysis & Forecast to 2032 The global castor oil derivatives market size is expected to reach USD 1,429.7 million by 2027, exhibiting a CAGR of 4.3% during the forecast period. The growing demand for organic cosmetics products will create lucrative business opportunities for the market, states Fortune Business Insights, in a report, titled “Castor Oil Derivatives Market Size, Share & COVID-19 Impact Analysis, By Product Type (Sebacic Acid, Ricinoleic Acid, Hydrogenated Castor Oil, 12-Hydroxy Stearic Acid, Dehydrated Castor Oil and Others), Application (Cosmetic & Pharmaceuticals, Plastic & Resins, Lubricants, Biodiesel, and Others) and Regional Forecast, 2025-2032.” The market size stood at USD 1,035.4 million in 2019.
Get a Free Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/castor-oil-derivatives-market-100537 Segmentation Analysis: By Product Type Analysis Sebacic acid is a bio-based and unique feedstock for the production of biopolymers. Owing to performance benefits such as durability, hydrophobicity, flexibility, and low melting points, it is widely adopted in the manufacturing of polyamides. Moreover, sebacic acid is adopted as an additive in lubricants, as a buffering agent in personal care products, as a corrosion inhibitor, and in the production of esters. By Application Analysis In 2019, the Plastic & Resin segment held the largest castor oil derivatives market share of 36.5% in the global market. These oil derivatives are extensively used in the manufacturing of plastic & resins, which are further used in paint, coating, inks, and other polymer applications. For instance, 12-hydroxy stearic acid is used as a feedstock to produce acrylic polymers. Moreover, the increase in the consumption of bioplastics globally is fueling demand for castor oil and its derivative in bioplastic production. Market Driver: Growing Demand for Castor Oil Derivatives to Drive Market Growth The rising awareness of castor oil’s advantages over traditional oils like cotton, coconut, soy, and corn is expected to boost market growth. Its versatile physicochemical properties and expanding use in lubricants, oleo-chemicals, cosmetics, pharmaceuticals, bioenergy, and more will fuel demand. Additionally, the shift toward green chemicals will further support market expansion. Declined Production to Retard Business Amid Coronavirus The production of castor oil has dropped severely due to the coronavirus outbreak. The halt on manufacturing sites, inadequate feedstock, and manpower will harshly affect the global market. Disturbed supply chain and deteriorated manufacturing facilities have resulted in an enormous loss for the industry. However, the ease on lockdowns by the governments will subsequently facilitate the recovery of the market in the near future. Key Development: December 3, 2019: Eni, a leading energy company based in Italy signed an MoU with the Societè National de Distribution des Petroles to develop castor cultivation to be used in the production of biodiesel. The Report List the Main Companies in the Castor Oil Derivatives Market:
High Availability of Castor Seeds to Augment Growth in Asia Pacific The market in Asia Pacific is expected to experience a rapid growth rate owing to the growing production and distribution of oils in the region. China is a global leader in the sebacic acid with a production capacity of more than 210-kilo tons per year. According to The Solvent Extractors Association of India, China holds around 40% of castor oil export from India followed by Europe 30-35%.The high availability of castor seeds will Further promote healthy growth of the market in Asia Pacific. India is a major producer & exporter of castor oil and castor oil derivatives such as 12-hydroxy stearic acid, castor wax, dehydrated castor oil, undecylenic acid. Europe is expected to rise tremendously during the forecast period owing to the rising adoption and favorable government regulations regarding the use of bio-based chemicals. Inquire Before Buying This Report: https://www.fortunebusinessinsights.com/enquiry/queries/castor-oil-derivatives-market-100537 About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights Pvt. Ltd. 9th Floor, Icon Tower, Baner - Mahalunge Road, Baner, Pune-411045, Maharashtra, India. Phone: US: +18339092966 UK: +448085020280 APAC: +91 744 740 1245 Email: [email protected] Europe Glass Packaging Market Opportunities, Trends & Forecast 2032 The European glass packaging market size was valued at USD 19.24 Billion in 2019 and is projected to reach USD 33.07 Billion by 2032, at a CAGR of 4.45% during the forecast period based on our analysis in the existing report. Glass packaging remains a preferred choice in the food and beverage industry due to its inertness, consumer safety, and 100% recyclability, making it a highly sustainable solution. It is also widely used in cosmetics, pharmaceuticals, and fragrances. Despite COVID-19 disrupting most industries in Europe, glass packaging production continued as an essential commodity, playing a crucial role during the crisis, though demand declined sharply in early 2020.
Get Sample PDF Brochure@ https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/europe-glass-packaging-market-103472 Drivers & Restraints- Growing Popularity of Bottled Beverages to Add Impetus to Market The increasing demand for glass packaging from the food and beverage sector is a key factor boosting the Europe glass packaging market growth. Most of the alcoholic and non-alcoholic beverages such as milk, beer, sauces, juices, and others are packed in glass containers and bottles as glass helps to maintain the authenticity of the product stored in it without disrupting the taste or smell. Additionally, the increasing awareness about health and fitness and the rising inclination of people towards healthy food and drinks are expected to aid in the expansion of the market in the coming years. On the contrary, the presence of substitutes such as plastic, paper and board, and metal packaging may hamper the market growth in the coming years. The increasing popularity of metal cans is likely to cause major hindrance to the europe glass packaging market. Nevertheless, the rising awareness about environment-friendly products is propelling the use of sustainable and eco-friendly packaging, thereby creating lucrative growth opportunities for the market in the near future. Segmentation- Beverages Segment to Cover Largest Share in the Coming Years With respect to segmentation by end-use industries, the beverage segment earned 73.18% Europe glass packaging market share in 2019 and emerged dominant. The beer industry holds the major share, contributing to maximum shares in the beverage sector. Food industry, on the other hand, holds the second largest share. Regional Analysis- West European Nations hold Highest Share Owing to Increasing Inclination towards Environment-friendly Products Nation wise, the western nations such as the United Kingdom, France, Germany, and Italy are holding more than 55% share and held the largest market share in 2019. They are further expected to continue doing so in the coming years owing to the rising inclination towards environment-friendly packaging products. Competitive Landscape- Vendors are Engaging in Joint Ventures to Gain Competitive Edge The competitive landscape of the market for Europe glass packaging is bestowed by many players. Most of them are engaging in joint ventures and other collaborative agreements to hold significant position in the europe glass packaging market competition. The others are investing in strengthening their portfolio by expanding to other nations such as Portugal and Spain. Some Industry Developments of the Market include: October 2019 – Renovation of clear-glass furnace was successfully completed by Gerresheimer AG. It installed a new and improved technology in the factory will help to reduce the energy needs and multiply the overall glass production capacity for its consumers in the healthcare and pharmaceutical industry. Some of the Key Players of the Market for Europe Glass Packaging include
https://www.fortunebusinessinsights.com/enquiry/queries/europe-glass-packaging-market-103472 About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights Pvt. Ltd. 9th Floor, Icon Tower, Baner - Mahalunge Road, Baner, Pune-411045, Maharashtra, India. Phone: US: +18339092966 UK: +448085020280 APAC: +91 744 740 1245 Email: [email protected] Sterilization Pouches Market Size, Share & Growth Report 2032 The global sterilization pouches market size is projected to reach USD 44,612.37 million by 2027, exhibiting a CAGR of 5.51% during the forecast period. Spread of infections through contaminated medical devices is set to spike the demand for sterilization containers, shares Fortune Business Insights™ in its report, titled “Sterilization Pouches Market Size, Share & Industry Analysis, By Type (Sterilization Pouches {Paper Pouches, Plastic Pouches}, Sterilization Wrapping, Sterilization Containers and Others), By Application (Hospitals, CSSDs, Clinics & and Others) and Regional Forecast, 2025-2032”. Medical devices are indispensible items in any healthcare facility, being employed in various kinds of health procedures. These devices need to be stored in sterile environments to prevent them from getting contaminated. However, medical equipment is one of the primary causes of spread of healthcare-associated infections. According a 2018 study of the Centers for Disease Control and Prevention (CDC), temporary medical devices such as urinary catheters were a frequent cause of spread of infections in healthcare facilities in the US between 2015 and 2017. Sterilization pouches are, therefore, crucial in maintaining the sterility standards of the devices used for healthcare purposes, which is the primary factor driving the market growth.
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/sterilization-pouches-market-103282 Market Restraint Increasing Generation of Plastic Waste by Medical Facilities to Stem Market Growth Medical facilities generate enormous amounts of plastic waste, since majority of instruments and equipment used in these facilities contain plastics. According to the US Healthcare Plastics Recycling Council, 40% (approximately 5 million pounds) of plastic waste generated in US hospitals is from sterilization pouches and wraps. As a result, there is growing clamor for the use of reusable and recyclable plastic sterilization products in hospitals. Surveys conducted by Practice Greenhealth, a non-profit organization dedicated to make hospitals more sustainable, found that hospitals that had replaced sing-use plastic devices with reusable ones have experienced a significant decline in waste generation. Greenhealth also opines that reusable medical products can also reduce costs by a sizeable margin for healthcare facilities. Regional Insights Consistent Access to Quality Healthcare to Ensure Stable Product Demand in North America In 2019, the market size in North America stood at USD 9,534.68 million and the region is expected to dominate the sterilization pouches market share in the forthcoming years. The main reason for this is the assured access to standard healthcare services and products to populations across the region. Moreover, per capita healthcare expenditure in Europe is also considerably high compared to other countries, which is further fueling the growth of the regional market. The market in Europe is anticipated to showcase promising growth owing to active adoption of advanced sterilization solutions in healthcare facilities in Western Europe. In Asia Pacific, healthcare expenditure is steadily rising, especially in India and China, which augurs well for the global market. Competitive Landscape Key Players to Focus on Optimizing Response to the COVID-19 Outbreak The COVID-19 pandemic has forced companies in this market to leverage their expertise in optimizing their response to this unprecedented health crisis. With the usage of medical devices surging worldwide, the demand for sterilization pouches and similar products is also escalating, compelling players to augment production capacities to meet this demand. Industry Developments: May 2020: STERIS plc received another Emergency Use Authorization (EUA) by the US Food and Drug Administration (FDA) for decontamination of N95 respirators. The company has created a decontamination cycle for hospitals to utilize its AMSCO Steam Sterilizers which use hydrogen peroxide to decontaminate respirators. December 2019: US-based M&Q Packaging created a new line of dry heat and steam sterilization pouches closures, with the ability to withstand high temperatures and resist chemical wear & tear. The product was custom-engineered for a customer, leading the company to innovate an “easy close” flap solution. List of Companies Profiled in this Market Report:
https://www.fortunebusinessinsights.com/enquiry/queries/sterilization-pouches-market-103282 About Us: Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Contact Us: Fortune Business Insights Pvt. Ltd. 9th Floor, Icon Tower, Baner - Mahalunge Road, Baner, Pune-411045, Maharashtra, India. Phone: US: +18339092966 UK: +448085020280 APAC: +91 744 740 1245 Email: [email protected] |
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