Beverage Can Market Trends: Expected to Reach USD 36.55 billion by 2031| KR

Global Beverage Can Market was estimated at USD 22.88 billion in 2023 and is expected to increase at a compound annual growth rate (CAGR) of 6.04% from 2024 to 2031, reaching USD 36.55 billion.

List of Key Companies in Beverage Cans Market

ALTEMIRA Can Co
Ardagh Group
Ball Corporation
Can-One Berhad
CANPACK
CPMC HOLDINGS LIMITED
Crown Holdings
Envases Group
Resonac Group
Toyo Seikan Group Holdings
Competitive Landscapes:

The global beverage cans market report will provide valuable insight with an emphasis on the fragmented nature of the industry. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their market shares across different regions. Strategic initiatives, including investments in R&D activities, the establishment of new manufacturing facilities, and supply chain optimization, could create new opportunities for market growth.

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Market Growth Drivers:-

Sustainability and Eco-Friendly Packaging: There is a strong consumer shift towards sustainable packaging solutions, which is significantly benefiting the beverage cans market. Aluminum cans are highly recyclable, and manufacturers are increasingly focusing on using eco-friendly materials to meet regulatory requirements and consumer expectations. This trend is supported by regulatory initiatives aimed at reducing carbon footprints and promoting recycling
Convenience and Portability: Beverage cans offer unmatched convenience and portability, making them a popular choice among consumers, particularly for on-the-go consumption. The lightweight and durable nature of aluminum cans makes them ideal for various beverages, including energy drinks, carbonated soft drinks, and alcoholic beverages
Technological Innovations: Innovations in can design and smart packaging technologies are propelling market growth. Companies are exploring digital features like QR codes for interactive content and NFC (Near Field Communication) for mobile connectivity. These advancements not only enhance consumer engagement but also offer better inventory tracking and supply chain management
Market Segmentation:-

By Type: The market is segmented into carbonated soft drinks, alcoholic beverages, fruit juices, and others. In 2023, the alcoholic beverages segment led the market, reaching a valuation of USD 12.78 billion. The growing popularity of ready-to-drink cocktails and canned wines, coupled with the trend towards premiumization, is driving this segment’s growth
By Sales Channel: The market is divided into hypermarkets/supermarkets, specialty stores, online retail, and other retail formats. Hypermarkets and supermarkets accounted for the largest revenue share in 2023, benefiting from the convenience of one-stop shopping and effective marketing strategies. The increasing adoption of online retail channels has also contributed to market expansion
Regional Insights:-

North America: In 2023, North America emerged as the leading region in the beverage cans market with a valuation of USD 7.35 billion. The region’s established beverage industry, consumer preference for premium packaging, and stringent recycling regulations have bolstered its market position. The presence of key industry players and robust infrastructure for manufacturing and distribution further supports market growth in this region
Asia-Pacific: This region is expected to witness the fastest growth, with a CAGR of 6.88% during the forecast period. The burgeoning population, rapid urbanization, and rising disposable incomes in countries like China and India are driving demand for convenient beverage packaging solutions. The shift towards on-the-go consumption and the increasing popularity of canned beverages are key factors contributing to the market’s growth in Asia-Pacific
Competitive Landscapes:-

The beverage cans market is characterized by a fragmented landscape with several key players such as Ball Corporation, Ardagh Group, Crown Holdings, and CANPACK. These companies are adopting strategies like mergers and acquisitions, partnerships, and investments in research and development to enhance their market presence. Innovations in product design and the incorporation of eco-friendly practices are central to maintaining competitive advantage in this evolving market

Key Developments:-

Sao Geraldo and CANPACK Partnership: In February 2024, São Geraldo partnered with CANPACK Brazil to introduce its flagship beverage in recyclable aluminum cans, transitioning from traditional glass and PET bottles. This move highlights the industry's shift towards sustainable packaging solutions
Akzo Nobel's AccelstyleTM Range: In November 2023, Akzo Nobel launched new products in its AccelstyleTM range, designed to optimize the exterior coatings of aluminum beverage cans. These products are free from harmful chemicals like styrene, bisphenols, and PFAS, aligning with the industry's focus on safety and sustainability
The beverage cans market is on a robust growth trajectory, fueled by sustainability initiatives, technological advancements, and changing consumer preferences. As companies continue to innovate and adopt eco-friendly practices, the market is expected to witness significant expansion in the coming years.

Overcoming Key Challenges in the Smart Insulin Pens Market Growth

The Global Smart Insulin Pens Industry is on the brink of a transformative journey, with projections indicating a remarkable surge from US$ 3,927.3 million in 2023 to an impressive US$ 8,750.7 million by 2033. The adoption of smart insulin pens is at the forefront of this industry evolution, poised for a significant Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period.

Amidst the escalating global diabetic population, there is a growing emphasis on innovative therapeutic strategies. Healthcare stakeholders and patients alike are seeking advanced solutions to effectively address the challenges associated with diabetes. In this context, smart insulin pens are emerging as a crucial component in the arsenal against diabetes.

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Manufacturers are thus capitalizing on these trends to launch fresh and inventive product lines, allowing them to gain a firm foothold in the market. Medtronic, for example, will debut its InPenTM smart insulin device with real-time GuardianTM Connect CGM Data in November 2020, making it the first smart insulin pen for diabetics who require many daily injections. BioCorp and Roche Diabetes Care just launched the Mallya smart insulin pen device in France in April 2021.

Key Takeaways from FMI’s Global Smart Insulin Pens Industry Report

Bluetooth-enabled Smart Insulin Pens will account for more than half of the revenue share by 2031.
According to indications, type 2 diabetes therapy will account for the majority of smart insulin pen deployment.
Smart Insulin Pens were primarily distributed through retail pharmacies, with e-commerce sales fast increasing.
The United States will see credible growth as the approval rate for new diabetes treatment devices rises.
Growing acceptance of needle-free insulin injections in the United Kingdom
In the long run, Germany and France will see increasing collaboration between key manufacturers.
A high concentration of regional manufacturers will drive growth in India and China.
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Global Smart Insulin Pens Industry – Key questions answered in the report

What trends are in store for the Global Smart Insulin Pens Industry growth?

According to FMI, the Global Smart Insulin Pens Industry is expected to reach multi-billion dollar valuations in both the short and long run, owing to an increase in the global diabetes population pool and the resulting increase in hospital workload. Bluetooth-enabled Smart Insulin Pens are predicted to stay in high demand.

Which is the most promising Global Smart Insulin Pens Industry?

According to FMI’s estimate, demand for Smart Insulin Pens is projected to continue high in the US market, owing to the government’s ongoing efforts to eradicate the diabetes epidemic through major advertising campaigns. Furthermore, with the presence of multiple regional-level producers, India and China are likely to emerge as the main markets in the Asia-Pacific region.

Global Smart Insulin Pens Industry Competitive Landscape

significant insulin pen manufacturers are efficiently using significant expansion tactics, such as new product releases and R&D, collaboration with current manufacturers, and outright/partial purchase of important market participants. The incorporation of virtual technological breakthroughs to improve diabetes care is being prioritized.

Novo Nordisk and the University of Toronto signed a CAD 40 million investment agreement in February 2021 to establish the Novo Nordisk Network for Healthy Populations. This network will concentrate on novel methods of diabetes management and chronic disease prevention. This will most likely aid in the creation of Smart Insulin Pens.

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Companies are also focusing on providing advanced software platforms, such as Digital Medics’ DiabetesPlus DataSync Software. This platform enables users to download insulin and glucose data directly from the device. Key features include downloading insulin data from the insulin pen, glucose levels from the glucose meter, and synchronization of data on the Cloud for use with mobile devices.

Global Smart Insulin Pens Industry Key Players

Digital Medics Pty Ltd.
Emperra GmbH e-Health Technologies
Companion Medical Inc.
Sanofi Aventis LLC
Novo Nordisk A/S
Eli Lily and Company
Companion Medical
Diabnext
Jiangsu Delfu Medical Device Co. Ltd.
DIAMESCO Co Ltd.
Patients Pending Ltd (Bigfoot Biomedical Inc.)
BERLIN-CHEMIE
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Global Smart Insulin Pens Industry – Key Segments Covered

Indication

Diabetes Type I
Diabetes Type II
Connectivity

Bluetooth Connected
USB Connected
Distribution Channel

Clinics & Ambulatory Surgical Centers
E-Commerce
Retail Pharmacies

Comparative View of Adjacent Stoma/Ostomy Care Market By 2033 | FMI

The Global Stoma Ostomy Care Industry is set to achieve unprecedented growth, with a projected value of US$3.8 billion by the end of 2022. This remarkable surge is expected to continue with a compound annual growth rate (CAGR) of 4.9% throughout the forecast period from 2023 to 2033, positioning the industry to soar to an approximate value of US$6.5 billion by 2033.

Several key factors contribute to this extraordinary growth trajectory within the stoma care market. The rising prevalence of diseases necessitating ostomy care, combined with continuous advancements in surgical techniques and ostomy products, has played a pivotal role in propelling this significant expansion. Furthermore, heightened awareness and favorable reimbursement policies have created a supportive environment for the market’s sustained growth.

Among the most prevalent conditions requiring ostomy care are colorectal cancer, bladder cancer, and inflammatory bowel disease (IBD). These medical conditions often demand surgical intervention, such as surgical excision of aggressive melanoma of the intestine. In certain instances, patients require ostomy procedures, which involve the creation of a surgical incision through the abdomen to establish a new waste minimization conduit.

As we move forward, the stoma care market is poised to provide vital support and innovative solutions for individuals facing these medical challenges, contributing to improved healthcare outcomes and quality of life.

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The adoption of stoma ostomy care procedures has increased worldwide due to the rising occurrence of these diseases and increased exposure to risk factors such as changing eating habits and increased antibiotic use in children.

However, despite recent advancements, the stoma ostomy market faces several constraints that limit its growth potential. These include stoma care issues, discomfort and other concerns associated with ostomy products, societal stigma, and increased acceptance of alternative therapies, particularly in developing countries.

While stoma surgeries are generally safe, there are some risks involved, including life-threatening issues such as necrosis and exhaustion. As a result, the acceptance of stoma care appliances may be limited to some extent.

Global Stoma Ostomy Care Industry Key Takeaways:

The USA market will hold a market share of around 28.7% in the 2023 global market.
Germany is set to hold around 5.3% of the global market share in stoma ostomy care in 2023.
The Indian market is projected to expand at a CAGR of 3.8% during the forecast period.
Due to a growing number of patients suffering from target diseases such as colorectal cancer, Ostomy Bags is predicted to occupy a considerable revenue share of 84.3% in the global market by 2023.
Due to the rising frequency of IBD, bowel cancer, and colon cancer in both developed and developing nations, as well as the favorable reimbursement environment in developed countries, the colostomy sector is predicted to hold a high market share of 88.8% in the global market in 2023.
“Improvement in product design will remain a key differentiator as end users have to face stigma with the drainage bags,” reports an FMI analyst.

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Global Stoma Ostomy Care Industry Competitive Landscape

The European market for stoma ostomy care is the largest. However, according to recent trends, key players are focusing on the Asia Pacific market due to low labor costs and a large pool of patients.

Coloplast Singapore released SenSura Mio in February 2022, which uses the latest elastic adhesive technology and is appropriate for all peristomal body profiles. SenSura® Mio is being offered in Singapore for the first time in Southeast Asia to improve the quality of life for ostomytes, or those who have had an ostomy and now have a stoma.
Trio Healthcare received financing from SWK Holdings Corporation, a specialized finance company based in the United States, in February 2020, to accomplish significant local and global expansion ahead of an anticipated product launch in 2021.
Key Players in the Global Stoma Ostomy Care Industry

BAE Systems Plc, ConvaTec Inc., Hollister Inc., EuroMed, Inc, 3M Company, Smith & Nephew plc, FNC Medical, Nu–Hope Laboratories, Inc., Marlen Manufacturing & Development Co., Torbot Group, Inc, Cymed Micro Skin, Alcare Co., Ltd., B. Braun Melsungen AG., Salts Healthcare Ltd, Securi–T USA., Welland Medical Limited, Flexicare Group Limited.

More Insights Available

North America is expected to dominate the stoma care market, owing to the high incidence of colorectal cancer and inflammatory bowel disease in the region, as well as the high adoption rate of advanced stoma care products. The United States is the largest market in North America, followed by Canada.

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Global Stoma Ostomy Care Industry Key Segments

By Surgery Type:

Colostomy
Ileostomy
Urostomy
By Product:

Ostomy Bags
Ostomy Accessories
Belts & Tapes
Skin Protection &Skin Barrier
Irrigation Sets
Convex Inserts
Stoma Caps
By Application:

Cancer
Inflammatory Bowel Disease
Bowel Obstruction
Fecal Incontinence
Trauma and Infection
By End–Users:

Hospitals and Specialty Clinics
Home Care Settings
Ambulatory Surgical Centers
Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Live Stock Vaccine Market Outlook for 2024 to 2034

The Global Live Stock Vaccine Industry is on track for a significant upswing, fueled by the growing importance of animal health and disease prevention. According to a recent analysis, the market is projected to experience a stellar Compound Annual Growth Rate (CAGR) of 6.2% from 2024 to 2034. This translates to a projected market valuation of US$11.2 billion by 2034, reflecting a substantial increase from the US$6.1 billion valuation anticipated for 2024.

Growth factors, like the rising demand for protein-rich diets, especially meat and dairy products, are accelerating the market. Maintaining healthy livestock populations through vaccination against prevalent diseases is necessary to meet this demand. The increase in disease prevalence among livestock results in significant economic losses, underscoring the critical role of vaccination as a preventive measure to manage and control diseases effectively. Government initiatives aimed at eradicating livestock diseases to enhance food security and public health further fuel the demand for vaccination.

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Biotechnology and genetic engineering innovations are enhancing vaccine efficacy and convenience, encouraging their adoption among livestock producers worldwide. The globalization of trade in livestock and livestock products highlights the importance of vaccination in ensuring the health and biosecurity of livestock populations, particularly in the face of stringent biosecurity regulations and disease-related trade bans.

Despite the promising growth prospects, the livestock vaccine market faces several challenges. Strict regulatory requirements for vaccine approval and limited awareness among livestock producers regarding the benefits of vaccination hamper market expansion. Inadequate infrastructure and access to cold chain facilities in remote areas pose distribution challenges. High upfront costs associated with vaccination programs also deter adoption, especially among small-scale farmers. Countries like South Korea, Japan, and the United Kingdom are roaring in the expansion of the veterinary vaccine market.

“Recent advancements in biotechnology and genetic engineering have paved the way for the development of innovative vaccine formulations, customized to address specific livestock diseases and production systems,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways from the Global Live Stock Vaccine Industry Study

Inactivate vaccines are mirrored to soar the global livestock vaccine market with a 6.0% CAGR through 2034.
Bovine vaccines are expected to heighten the livestock vaccine market by 5.8% CAGR from 2024 to 2034.
The livestock vaccine market in South Korea has the potential to increase by 8.0% CAGR through 2034.
The livestock vaccine market in Japan is projected to inflate at a CAGR of 7.9% through 2034.
The livestock vaccine market in the United Kingdom is predicted to rise at a 7.4% CAGR through 2034.
The livestock vaccine market in China is anticipated to develop at a CAGR of 6.8% through 2034.
The livestock vaccine market in the United States is estimated to rise at a 6.4% CAGR through 2034.
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Competitive Landscape from the Live Stock Vaccine Market

Leading companies in the global livestock vaccine market, such as Zoetis and Merck Animal Health, are introducing innovative formulations and comprehensive vaccination programs to target prevalent diseases. Ceva Santé Animale is also expanding by establishing strategic partnerships and acquisitions to meet growing demand and strengthen its vaccine portfolio.

Recent Developments in the Global Live Stock Vaccine Industry

Indian Immunologicals (IIL) began construction of a vaccine manufacturing plant in Hyderabad in December 2023.
Bangladesh announced its intention to produce foot and mouth disease (FMD) vaccine locally in February 2024.
Zhengye Biotechnology (ZYBT) filed for a US$ 20M US IPO in January 2024.
Yobe State Government procured 1.5 million doses of anthrax vaccine for livestock in July 2023.
The Top Key Companies in the Global Live Stock Vaccine Industry

Boehringer Ingelheim International GmbH
Virbac
Merck Animal Health
Ceva, Elanco
Global Live Stock Vaccine Industry Segmentation

By Type:

Inactivated
Live Attenuated
Recombinant
Others
By Animal Type:

Bovine
Swine/ Porcine
Poultry
Others
By Route of Administration:

Oral
Parenteral
Others
By Distribution Channel:

Veterinary Hospitals
Veterinary Clinics
Others
By Region:

North America
Latin America
Asia Pacific
Middle East and Africa (MEA)
Europe

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Bhutan, the Land of the Thunder Dragon, beckons nature enthusiasts with a symphony unlike any other. Nestled amidst the majestic Himalayas, this mystical kingdom boasts a diverse tapestry of landscapes, each teeming with a vibrant tapestry of avian life. For passionate birdwatchers, a Bhutan birding tour with Langur Eco Travels promises an unforgettable experience.

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**Beyond the Sights: Responsible Birding Practices**

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The Global Catheter Industry is on track for significant expansion, with a projected valuation exceeding US$23.28 billion by 2033. This growth trajectory reflects a compelling Compound Annual Growth Rate (CAGR) of 6.3% anticipated from 2023 to 2033. The market already boasts a substantial presence, reaching an estimated value of US$12.59 billion in 2023. This strong foundation positions the market for a promising future.

Cardiac catheters are projected to witness high demand owing to their growing usage in heart treatment procedures like angiograms and angioplasty. They are highly renowned for reducing infections and complications, making them equally preferred among patients.

The global catheter market is poised for substantial growth, driven by several factors. These include the increasing prevalence of cardiovascular, neurologic, and urological disorders. A rising preference for minimally invasive procedures and the growing demand for antimicrobial catheters are also crucial market drivers. Chronic disorders have become a leading cause of mortality and morbidity worldwide, underscoring the market’s significance.

The worldwide demand for catheters is expected to increase due to the rising popularity of minimally invasive surgeries, as people prefer less invasive treatments. Leading market participants are also introducing new items to satisfy this need.

A novel coronary drug-coated balloon (DCB) developed for percutaneous coronary intervention (PCI) treatments in patients with coronary artery disease (CAD) is the Prevail DCB catheter. Medtronic plc debuted this product in Europe in July 2021. With the increased popularity of minimally invasive treatments, the introduction of similar products is anticipated to accelerate the use of catheters to treat cardiovascular disease.

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Global Catheter Industry Key Takeaways:

The global catheter market stood at around US$ 11930.3 million in 2022.
The hospital segment by end-use is set to showcase a steady CAGR of 5.7% through 2033.
The acute kidney injury segment, by indication, is estimated to register a significant CAGR of 8.1% in the forecast period.
The intravenous catheters segment by product accounted for a dominant share of 64.4% in 2022 in the global catheter industry.
The United Kingdom is estimated to register an average CAGR of 6.1% during the forecast period in the catheter industry.
“It is anticipated that catheters would be employed for diagnostic procedures, including hemodialysis and electrophysiological tests. Globally, it is anticipated that there will be an increasing demand for effective medical services due to the rising prevalence of diseases, such as cancer, acute illness, and trauma. To provide appropriate care, it is expected that medical practitioners will use peripherally inserted central catheters (PICC) more frequently in hospitals, operating rooms, and emergency departments,” opines Sabyasachi Ghosh, Associate Vice President at Future Market Insights (FMI) analyst.

Global Catheter Industry Competitive Landscape:

The improvement of product features is a top priority for leading players in the catheter industry as a way to strengthen their positions. They also want to increase their presence in emerging areas.

Entering into strategic collaborations and agreements with other businesses is a key tactic used by top manufacturers to keep their dominance in the catheter market. It is predicted that these tactics will aid them in extending the reach of their firm.

For instance,

Coloplast introduced the cutting-edge intermittent catheter Luja in February 2023 to address significant UTI risk factors. These place a heavy burden on both people who use intermittent catheters and the healthcare system as a whole. The first and only male catheter with more than 80 micro-holes, Luja, was created to help address severe UTI risk factors related to intermittent catheterization.
Cardinal Health and Kinaxis entered into a collaboration agreement in February 2022 to improve the visibility of medical products and the efficiency of the supply chain.
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Global Catheter Industry Segmentation:

By Product:

Urinary Catheters
Foley Catheters
Intermittent Catheters
External Catheters
Compact Catheters
Intravenous Catheters
Peripheral Catheters
Short Peripheral IV Catheter
Integrated/Closed PIVC
Central Venous Catheters
Peripherally Inserted Central Catheters (PICC)
Implanted Port
Tunneled Central Venous Catheters
Non-tunneled Central Venous Catheters
Hemodialysis Catheters
Cuffed Tunneled Catheter
Non-cuffed Tunneled Catheters
Non-tunneled Catheters
By Indication:

Urinary Incontinence
Urethral Stricture
Chronic Obstruction
Neurogenic Bladder
Enlarged Prostate Gland/BPH
Prostate Cancer
Acute Kidney Injury
Others
By End-user:

Hospitals
Dialysis Centers
Long-term Care Facilities
Ambulatory Surgical Centers
Home Care
By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

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Join the Best Heritage Walks to Experience in Delhi 2024

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