Beverage Carton Packaging Machinery Market Worth $1.5 Billion By 2027

The global beverage carton packaging machinery market size is expected to reach USD 1.5 billion by 2027, expanding at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Rising awareness pertaining to the adverse environmental effects of plastic waste is expected to drive the demand for green packaging materials, in turn, benefitting market growth.

Increasing demand for drinks coupled with growing investment by beverage manufacturers for durable and sustainable secondary packaging is expected to drive the market over the forecast period. In addition, the demand for customized machines with high-tech and reliable machine components is likely to have a positive impact on the market.

Changing consumer lifestyles coupled with growing disposable incomes and increasing demand for a wide range of drinks are expected to positively impact the market. In addition, companies manufacturing drinks are focusing on innovation, which is expected to increase the number of drink options available in the market.

Rising demand for craft drinks as well as CBD-infused drinks is expected to have a positive impact on market growth. In addition, increasing consumer-driven demand for super-premium and premium distilled spirits is further anticipated to drive the growth of the drink industry, thereby driving the market over the forecast period.

Growing focus on automation to reduce the operating and labor costs, and maximize the uptime, is expected to drive the market. However, semi-automatic machines are also likely to generate a sizeable demand, most notably from microbreweries owing to less costly nature compared to the automatic versions.

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https://www.grandviewresearch.com/industry-analysis/beverage-carton-packaging-machinery-market

Further key findings from the report suggest:

The horizontal end side-load cartoner type segment is likely to have the highest CAGR of 5.2% over the forecast period owing to its suitability for bulk product handling coupled with its ability to attain high speeds
The automatic mode of operation segment is anticipated to have the highest CAGR over the forecast period owing to the increasing investments in automation, coupled with a growing focus on reducing operating and labor costs
The non-alcoholic application segment is anticipated to witness a CAGR of 4.8% from 2020 to 2027 owing to the growing demand for bottled water as well as sports and functional drinks
In Asia Pacific, the market is estimated to witness a CAGR of 5.8% from 2020 to 2027 on account of rapid expansion of the drink industry coupled with the increasing purchasing power of the consumers in the region
Large manufacturing companies are increasingly demanding customized packaging solutions, including beverage carton packaging machinery that caters to their specific requirements.

Coiled Tubing Manufacturing Market Size Worth $1.5 Billion By 2027

The global coiled tubing manufacturing market size is estimated to reach USD 1.5 billion by 2027 registering a CAGR of 2.9%, according to a new report by Grand View Research, Inc. Increasing popularity of shale reserves in the production of crude oil is projected to augment market growth over the forecast period. The global oil & gas industry remains volatile with high fluctuations in crude oil prices. Reduced crude oil prices coupled with depressed upstream investments in the current scenario are projected to impact the profitability of the market vendors.

This associated sluggishness can be attributed to the falling oil demand from key importers, such as India and China. The global crude prices have fallen almost 66% from their highs in January 2020. This has affected the level of activities in the upstream and midstream sectors of the industry. However, the expansion of the downstream and midstream activities estimated in the forecast period is projected to drive the market.

On the upstream side, low oil prices have had negative implications for oil-exporting countries. Key countries, such as the U.S., Saudi Arabia, and Russia, have already announced plans to reduce production in the wake of reducing crude oil prices. The market uncertainty has led to several cost-cutting measures and shutting down of projects. All these factors are projected to hinder the market growth over the forecast period.

The market participants are under severe distress as the downstream demand for the product is in a free fall. The depressed economic activities in the upstream side of the oil & gas industry are projected to cause severe damage to the revenues of oil & gas operators. This, in turn, is already influencing the procurement processes of many multinational oil & gas companies.

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https://www.grandviewresearch.com/industry-analysis/coiled-tubing-manufacturing-market

Further key findings from the report suggest:

Well intervention is projected to witness the fastest CAGR of 2.3%, in terms of volume, from 2020 to 2027
Higher usage of Coiled Tubing (CT) in stimulation and well cleaning operations across the European region is likely to aid the growth of the well intervention segment
Drilling is projected to remain the dominant service segment over the forecast period, in terms of volume as well as revenue
The usage of coiled tubing in the onshore applications is estimated to observe the fastest growth rate. The onshore application segment is also anticipated to capture the largest revenue share by 2027
The offshore application segment is projected to observe a slower growth in the coming years as offshore CT is expensive owing to the detailed specifications and unique properties required on site
Led by the U.S., North America is projected to be the dominant regional market over the forecast period

High Purity Base Metals Market Size Worth $398.04 Billion By 2027

The global high purity base metals market size is expected to reach USD 398.04 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.6% from 2020 to 2027. Increasing efforts by companies to deliver high-performance products and solutions are anticipated to boost the demand for high purity base metals over the forecast period.

Purity levels of base metals are available in different grades, such as 99.99%. In order to achieve this level of purity, metals have to undergo several processing steps. For instance, high purity aluminum is achieved through three-layer electrolysis or combining fractional distillation and three-layer electrolysis. In the electrolysis, aluminum ions are reduced in an electrolytic cell that contains three separate liquid layers. In the distillation, aluminum is refined by taking leverage of solubility differences.

Aluminum accounted for the largest volume share in the global high purity base metal market in 2019. It is the most inexpensive base metal and it finds applications in various end-use industries, automotive being the major industry. Lightweight and low cost are the major factors driving the demand for the product. High purity aluminum is popular in the electronics segment where it finds application in television, computer, and other display materials.

Lead is another vital product segment of the market. Advancements in the technologies have enabled to achieve high levels of purity in lead. Pure lead is alloyed with other elements for various commercial applications, such as extruded products like rods, wire, traps, ribbon, and pipes. It is also used in rolled products, such as thin foils, which are further used in crucial applications, including corrosion-resistant equipment for the chemical industry, waterproof membranes, roofing, and x-ray and gamma-ray shielding.

The ongoing COVID-19 pandemic has majorly affected the production and supply of these high purity base metals, causing their prices to decline. For instance, copper, lead, and zinc prices declined by -22%, -10%, and -19%, respectively in March 2020 from the previous month, owing to the emergence of the coronavirus. The shutdown of mines and manufacturing plants is affecting the prices.

North America is anticipated to be one of the fastest-growing regional markets in the forecast period. The region is impacted by COVID-19, which has led to a negative growth rate of the market in 2020; however, the situation is expected to stabilize in the next couple of years. Infrastructural developments and increasing production of electric vehicles are expected to boost the consumption of high purity base metals over the forecast period. For instance, the construction spending in the U.S. for the first seven months of 2020 was increased by 8.1% from the same period in the previous year. This is a positive sign for the market growth in the country.

The competitive rivalry is high in the market owing to the presence of numerous established players. The market players are engaged in mergers & acquisitions and capacity expansions for gaining a competitive edge in the market. For instance, in May 2020, Aurubis AG, a leading copper recycler, completed the acquisition of Metallo, which is its second acquisition in Belgium.

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https://www.grandviewresearch.com/industry-analysis/high-purity-base-metals-market

Further key findings from the report suggest:

Asia Pacific held the largest volume share of more than 71.0% in 2019 owing to China, which is the major consumer of refined copper and lead in the world
The transportation end-use segment held the largest revenue share in 2019 on account of the rising production of electric vehicles, which will boost the demand for copper in the coming years
By product, the copper segment is expected to register the fastest growth rate of 3.1% in terms of volume from 2020 to 2027 on account of its rising demand in the construction, automotive, and electronics industries
The building and construction end-use segment is expected to witness the fastest growth in terms of revenue over the forecast period on account of rising infrastructural developments across the globe
Market growth declined in 2020 owing to sluggish demand from the end-use industries caused by the shutdown in manufacturing operations, which resulted in surplus product availability, and thus a decline in prices

Polyethylene Furanoate Films Market Worth $800.9 Thousand By 2035

The global polyethylene furanoate films market size is anticipated to reach USD 800.9 thousand by 2035, according to a new report by Grand View Research, Inc., growing at a CAGR of 9.7% over the forecast period. The development of bio-based transparent conductive film comprised of silver nanowires for flexible optoelectronic devices is one of the key trends driving the demand for Polyethylene Furanoate (PEF) films. PEF films are better than PET films, in terms of performance, as they offer two to three times higher water vapor barrier, ten times higher oxygen barrier, and improved mechanical strength.

The use of PEF films in food packaging extends the shelf life of moisture-sensitive foods, such as crisps, cookies, cereals, medical, and personal care products, and oxygen-sensitive foods, such as dairy products, fish, and meat, as well as provides a good barrier of aroma for detergents, fish, and packaged cheese. The extended shelf life of these products also lessens the burden on the cold chain industry. The biggest challenge faced by PEF film as a product is the lack of large-scale commercialization of the product. As the product is in the introduction phase and has a single pilot plant established, the requirement of infrastructure and operations is high considering the huge target market to be captured.

This requires major funding and a possible partnership with packaging companies in the domestic markets as well as collaboration with domestic companies for the business development aspect, as done in Japan. Countries, such as Japan and India, recycle more than 80% of the plastics and buy PET at a relatively lower price, which does not make bioplastics a preferential option. This can be overcome if there are subsidiaries in place in respective countries that incentivize the use of bioplastics.

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https://www.grandviewresearch.com/industry-analysis/polyethylene-furanoate-films-market

Further key findings from the report suggest:

The market was valued at USD 197.5 thousand in 2019 and is estimated to grow at a CAGR of 9.7% from 2020 to 2035
The packaging was the largest application segment in 2019. Biaxially Oriented Polyethylene Furanoate (BOPEF) films-based pouches offer 10 times higher oxygen barrier compared to BOPET pouches, which makes them suitable for liquid and dry products
Industrial application is estimated to emerge as the fastest-growing segment from 2020 to 2035 owing to increasing demand for PEF films in electronics application such as protective films for LED and OLED displays
Asia Pacific accounted for the highest market share of more than 45% in 2019 and will expand further at a steady CAGR from 2020 to 2035
This growth is attributed to the rising demand for sustainable, bio-based, and recyclable packaging and construction materials in the region

Barite Market Size Worth $2.08 Billion By 2027

The global barite market size is expected to reach USD 2.08 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.8% from 2020 to 2027. The market is expected to be driven by rising demand for oil & gas drilling applications. The COVID-19 pandemic is likely to restrict the industry growth in 2020 as oil & gas production is expected to fall drastically in 2020.

Barite is mainly used as a weighting agent in drilling operations owing to its properties, like low abrasiveness, non-corrosive nature, and high specific gravity. The amount of barite used for offshore drilling is greater than that of onshore drilling. The recent trend indicates that oil & gas producers are focused on sustaining oil production as onshore oil resources are being depleted at a significant rate. As a result, oil & gas players are increasingly seeking alternate sources, such as offshore oil resources. This is predicted to benefit market growth.

In the chemical industry, various chemical derivatives of barite, such as carbonates, sulfates, and hydroxides, are significantly used for industrial applications. For instance, barium hydroxide is used in the manufacturing of barium salts of organic acids, which are further used as stabilizers for PVC and additives for lubricating oils.

Barite is also used as a filler in the paint and plastic industries. Furthermore, the product is used in glass manufacturing to enhance the brilliance of glass products by removing impurities. High economic growth in the Asia Pacific driven by rapid industrialization is expected to fuel the growth of the chemicals, plastics, and paints and coatings industries, which, in turn, is expected to boost market growth.

The Asia Pacific was the largest producer of barite in 2019 while North America was the largest consumer. The U.S. has significantly ramped up its oil production since the past decade owing to the discovery of tight oil. This has proved rewarding for barite producers. The product consumption has witnessed a sharp boost since 2016 and is expected to witness moderate growth until 2027, following the recovery of the COVID-19 pandemic.

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https://www.grandviewresearch.com/industry-analysis/barite-market

Further key findings from the report suggest:

The oil & gas application segment dominated the market with a revenue share of 77.1% in 2019 owing to extensive utilization of barite as a weighting agent, particularly for offshore drilling
The fillers application segment is expected to expand at the fastest CAGR of 4.3%, in terms of revenue, from 2020 to 2027 owing to increasing plastics and paints manufacturing, particularly in the Asia Pacific
North America dominated the market with a revenue share of 39.6% in 2019 owing to the high production of tight oil in the region
Asia Pacific is expected to expand at the fastest CAGR in terms of volume and revenue from 2020 to 2027 owing to increasing investments in exploration and production of oil, particularly in China
Capacity expansion is a key strategy adopted by the market players

Surgical Blades Market Worth $181.20 Million By 2026

The global surgical blade market size is anticipated to reach USD 181.2 million by 2026, as per a new report by Grand View Research, Inc., exhibiting a CAGR of 3.6% over the forecast period. Increase in surgeries due to increase in number of accidents, coupled with a growing geriatric population prone to various disorders, is currently driving the market. Moreover, increase in number of surgeons at a global scale is also propelling the demand for surgical blades.

Several key players are investing in R&D to launch new and innovative products. Increase in individual disposable income & standard of living, and growth in awareness regarding modern surgical procedures are other factors increasing the number of medical procedures. Increase in trauma cases and other disorders, such as cancer, which require surgery, is further augmenting demand for surgical blades. Furthermore, availability of these blades in various shapes and sizes for surgical intervention in multiple illnesses is driving the overall market.

With a wide range of procedures in healthcare, more patients are willing to undergo new treatments due to improving affordability and feasibility. Stainless steel blades are increasingly preferred due to features such as cleaner incisions, superior cutting, and numbering of scalpel handles. Being low-risk medical tools, these products do not need strict regulatory processes, which encourages and eases product launches.

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https://www.grandviewresearch.com/industry-analysis/surgical-blades-market

Further key findings from the report suggest:

Surgical blades come in a variety of forms, enabling surgeons and medical staff to choose the right blade for a medical procedure
By product, stainless steel blades are expected to lead market over the forecast period, due to better anti-corrosion properties. They are more suitable for procedures involving large volumes of saline solution and multiple incisions
By material, sterile blades are expected to dominate the market since they can provide a sharp cutting edge for high efficiency, enabling cleaner incisions and superior cutting
By end use, hospitals segment accounted for a share of over 40.0% and is expected to grow at a CAGR of 3.7% over the forecast period
Some key players of surgical blades market are Swann-Morton Limited; PL Medical Co.; Hill-Rom, LLC; Beaver-Visitec International; VOGT Medical; Hu-Friedy Mfg. Co., LLC; B. Braun Melsungen AG; and Surgical Specialties Corporation.

Psoriatic Arthritis Treatment Market Size Worth $18.6 Billion By 2026

The global psoriatic arthritis treatment market size is expected to reach over USD 18.6 billion by 2026, according to a new study by Grand View Research Inc. It is projected to expand at a CAGR of 10.1% during the forecast period. Emergence of biosimilars, new product launches, and a rising consumer awareness are some of the key factors driving the growth.

Biologics generated the highest revenue among other drug classes, in 2018. The segment growth is driven by the demand for targeted therapy, improved safety & efficacy profiles, anticipated launches of several promising pipeline candidates, and strong commercial performances of existing products. DMARDs is also expected to maintain a steady growth rate, supported by the first-line action of corticosteroids as well as the impending launch of JAK-inhibitors and TYK2 kinase inhibitors.

North America captured the highest market share in 2018, propelled by high healthcare expenditure, disease prevalence, regional presence of key manufacturers, and rapid rise in consumer awareness. Asia Pacific is expected to demonstrate the fastest regional growth over the forecast period, driven by a rising trend of biosimilars, improvement in healthcare infrastructure, and increasing disposable income.

Some key players in the psoriatic arthritis (PsA) treatment market include AbbVie Inc.; Amgen Inc.; Johnson & Johnson Services, Inc.; AstraZeneca plc; Bausch Health Companies Inc.; Bristol-Myers Squibb Company; Celgene Corporation; Novartis International AG; Eli Lilly and Company; Pfizer, Inc.; and UCB S.A.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/psoriatic-arthritis-psa-treatment-market

Further key findings from the study suggest:

Biologics captured over 50% share of the psoriatic arthritis treatment market in 2018. The segment is anticipated to witness growth, attributed to the launch of infliximab, guselkumab, bimekizumab, risankizumab, and tildrakizumab
Upadacitinib, filgotinib, and BMS-986165 —upon launch — are likely to have a positive impact on the growth rate of DMARDs
Injectables accounted for the largest PsA treatment market share among other routes of administration in 2018
North America and Europe, collectively, captured more than half the revenue share in 2018 and are anticipated to witness significant growth in the forthcoming years

Elastography Imaging Market Worth $3.5 Billion By 2026

The global elastography imaging market size is expected to reach USD 3.5 billion by the end of 2026, according to a new report by Grand View Research, Inc., registering a 7.8% CAGR over the forecast period. Increasing incidence of breast cancer and chronic liver disorders is expected to significantly drive the market. Additionally, increasing demand for minimally-invasive procedures and ongoing studies to assess the potential applications of elastography are factors expected to contribute toward rapid growth.

Currently elastography has wide applications in assessing breasts, thyroid, prostate, and liver. Increasing number of ongoing studies are expected to increase its applications in diagnosis of various conditions such neurodegenerative disorders and chronic kidney diseases. It has shown promising results for its use in assessment of kidney health during and after transplantation.

North America dominated the market in 2018 and is expected to continue its dominance during the forecast period. The elastography imaging market growth observed in the region is due to the presence of a large number of global players, along with high adoption rate for advanced imaging techniques.

Growing strategic alliances among players for development and distribution of products is expected to propel the market during the forecast period. Moreover, development of new surgical centers in different locations will increase the adoption of advanced imaging systems.

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https://www.grandviewresearch.com/industry-analysis/elastography-imaging-market

Further key findings from the report suggest:

By modality, the ultrasound segment is predicted to register significant growth during the forecast period owing to advantages such as low price, accessibility, and high degree of measurement for tissue deformation
On the basis of end use, the hospital segment is anticipated to hold the largest share in the market during the forecast period due to rising number of ultrasound and MRI-based elastography procedures and growing trends of hospital-based imaging facilities
By way of application, the radiology domain is predicted to hold a large share in the market over the forecast period owing to increase in demand in image-guided radiotherapy and radiology ultrasound
Asia Pacific is anticipated to witness lucrative growth during the forecast period due to improving healthcare facilities and rising geriatric population who are prone to developing targeted disorders
Major players in the elastography imaging industry are focusing on growth strategies such as partnerships, collaborations, mergers, and acquisitions. Some of the leading players are Esaote SpA; Canon Medical Systems Corporation; Koninklijke Philips N.V.; Hitachi, Ltd.; GE Healthcare; Mindray Bio-Medical Electronics Co., Ltd.; Siemens Healthineers; Toshiba America Medical Systems, Inc.; and Samsung Medison Co., Ltd.

Ophthalmic Knife Market Size Worth $2.4 Billion By 2026

The global ophthalmic knives market size is expected to reach USD 2.4 Billion by 2026, as per a new report by Grand View Research Inc. It is projected to register a CAGR of 4.9% during the forecast period. Introduction of advanced knives and rising incidence of age related ophthalmic diseases are some of the major factors driving the growth.

Increasing overall life expectancy and rising geriatric population is expected to cause steep increase in age related ophthalmic disorders. Along with these, incidence of lifestyle associated ophthalmic devices including myopia and hypermetropia are expected showcase significant growth during the forecast period. Most of these ophthalmic conditions cannot be treated by drugs. Increasing number of ophthalmic surgeries are expected to boost the market during forecast period.

High competition and introduction of local players are the factors encouraging market players to introduce advanced knives at affordable prices. Major players are focusing on developing innovative manufacturing techniques along with advanced raw materials to reduce the device price.

Incorporation of new reimbursement policies in developed countries along with growing efforts of non-profit organizations to increase awareness about ophthalmic conditions and to provide affordable/free ophthalmic procedures in rural regions are the factors expected to boost the number of ophthalmic surgeries.

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https://www.grandviewresearch.com/industry-analysis/ophthalmic-knives-market

Further key findings from the report suggest:

North America captured the largest ophthalmic knife industry share in 2018 owing to favorable reimbursement policies, presence of major market players, and rise in geriatric population
Straight knives segment is anticipated to expand at a CAGR of 4.10% during the forecast period owing to fine design, durability, and sharpness of the knives
Slit knives segment is also expected to register lucrative CAGR in near future owing to extensive use for entry in anterior chamber/phaco stab incision (single bevel) in eye-related surgeries
Single-use/disposable knives segment is expected to witness significant growth over the forecast period due to features such as safety and affordability
The key players profiled in the ophthalmic knife market comprise Alcon, Inc.; Hoya Corporation; Essilor; Topcon Corporation; Hai Laboratories, Inc.; Bausch and Lomb Incorporated; MANI Inc.; Seiko Optical Products Co., Ltd.; Nidek Co., Ltd.; Ziemer Group; Alltion; and DGH Technology

Digital Forensics Market Worth $4.24 Billion By 2026

The global digital forensics market size is expected to reach USD 4.24 billion by 2026, exhibiting a CAGR of 12.3% during the forecast period, according to a new report by Grand View Research, Inc. Rising internet penetration, advancements in computing technology, and instances of cyberattacks are some of the key growth driving factors. Additionally, increasing demand for sophisticated cybersecurity tools to detect and investigate cyberattacks and financial frauds among large as well as small and medium enterprises is expected to drive the market growth.

Digital forensic tools assist in lost data analysis, reconstruction, and evidence collection from digital devices. Enterprises across the globe focus on adopting these tools to identify and avoid cyberattacks. The enterprises have to follow several regulations and compliances regarding consumer data privacy, such as General Data Protection Regulation (GDPR), California Consumer Privacy Act of 2018 (CCPA), and Personal Information Protection and Electronic Documents Act (PIPEDA), among others. This is expected to encourage the adoption of digital forensic solutions and services.

The foremost application of digital forensics is found in private and criminal investigation. Factors, such as rising internet penetration, usage of electronic devices, and smart devices, among others have led to a surge in cyberattacks across the globe. Rising intensity of cyberattacks is anticipated to further propel the demand for digital forensic tools over the forecast period. Digital forensics tools are increasingly being used to resolve issues related to cyber threat in the enterprises. The tools aid in investigating data stored in digital devices, examine suspect data, and then use it as a digital evidence in the court.

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https://www.grandviewresearch.com/industry-analysis/digital-forensics-market

Further key findings from the report suggest:

The service segment is expected to expand at the highest CAGR of 13.1% over the forecast period, as the services provide broad reporting capabilities for authenticating the regulatory compliance with security policies for users
The cloud forensics segment is anticipated to expand at the fastest CAGR of 13.3% over the forecast period, attributed to rising adoption of cloud technologies in enterprises globally, which have led to a rise in number of cyberattacks
Review and reporting segment is expected to register highest growth over the forecast period as it provides effective evidence analysis and also helps jurists make fact-based decisions
In BFSI sector, digital forensics solutions and services are being widely adopted owing to increasing number of financial frauds and rising demand to investigate these frauds globally
North America dominated the market in 2018 and is expected to maintain its dominance over the forecast period, attributed to presence of large number of digital forensics solution and services providers and robust infrastructure for adopting these solution and services
Key players in the digital forensics market include Guidance Software Inc.; LogRhythm Inc.; Accessdata; Paraben Corporation; FireEye Inc.; Digital Detective Group Limited; MSAB; and Oxygen Forensics Inc.