Food & Beverage
North America packaging equipment market to accumulate commendable returns by 2024, F&B applications to contribute toward the regional growth
The global packaging equipment market is projected to witness an accelerated growth rate over 2018-2024, primarily driven by the expanding F&B & pharma sectors. Having held a valuation of $38 billion in 2017, packaging equipment market thrives on the changing trends of the food industry that conceptualizes state-of-the-art packaging solutions depending on the shifting consumer preferences. The rising urbanization and improving living standards around the world with the rise in disposable incomes have conjointly led to a surge in the demand for ready-to-eat foods and subsequently, innovative packaging, thereby stimulating packaging equipment market growth.
UK packaging equipment market, by application, 2017 & 2024 (USD Million)
Unveiling North America packaging equipment market trends
According to a report about the food packaging trends by the Packaging Machinery Manufacturers Institute (PMMI) – a trade association that is made up of over 800 North American manufacturers and suppliers, food and beverage would account for more than 55% of the projected share by 2019. The association’s report also estimates that the food packaging market in the U.S. alone would be worth over $31 billion by 2022, thereby reiterating the significance of the food industry in North America. It is rather overt that in the years to come, food & beverage companies will continue to expand their product portfolios as they jostle with each other to capitalize upon the growing middle-class populace and its disposable income. The rising competition is certain to act as a catalyst, prompting food & beverage companies to begin constructing new plants, thereby augmenting the regional packaging equipment market trends.
As per estimates, in 2017, North America held more than 25% of the overall packaging equipment market share and is expected to grow at a robust pace in the years ahead. Being one of the technological nerve centers of the globe, packaging equipment manufacturers in North America have been working to incorporate advanced technologies in these devices so as to automate the components with intelligent features. Eventually, this would lead to lesser human intervention and enable a seamless integration of hardware and software, resulting in manufacturers developing highly accurate and efficient products. This in consequence, along with the rising economic growth of the region, are certain to augment the growth graph of North America packaging equipment market.
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Apart from the F&B applications, global packaging equipment market will be receiving a sizable boost from the pharmaceutical sector as well. The inherent need for pharmaceutical companies to thoroughly and properly package their manufactured medical products to maintain the correct chemical composition will drive the packaging equipment market growth from pharmaceutical applications. The industry has also gradually been influenced by customer feedbacks that often request certain aesthetic features to be added to the medicine’s packaging to help distinguish them from other drugs.
The growth of the pharmaceutical industry across APAC would prove to be one of the most viable driving forces for the regional packaging equipment market. The economies such as India, South Korea, China, and Japan have been increasingly shifting toward the adoption of smart solutions in manufacturing. Furthermore, the continent, as a whole, is driven by a strict regulatory landscape mandating pharma companies to adhere to certain rules, further augmenting the regional packaging equipment market.
The accelerated growth of food, pharma, and numerous other end-use sectors is thus certain to impel the commercialization landscape of the overall packaging equipment industry. While North America will continue to remain one of the most lucrative hubs as far as packaging machinery is concerned, emerging economies across the Asia Pacific are also racing ahead in packaging equipment market. Powered by a strong global manufacturing sector and the subsequent demand for packaging devices, the overall packaging equipment market size is slated to register a CAGR of 3% over 2018-2024.
Author Name :Akshay Kedari
Iron phosphate market to record hefty proceeds via applications in healthcare & electric vehicle sectors, global share to surpass USD 700 mn by 2024
With unprecedented technological and chemical advancements in the last few decades, the iron phosphate market has captivated a slew of industry verticals including agriculture, manufacturing and consumer goods. Iron Phosphate (FePO4) is an extremely useful inorganic compound that can be functional in organic farming as a pesticide ingredient, in children’s food as a nutrition fortifying component and as an additive in other food or beverage product. Extensive research and development activity instigated by pharmaceutical giants has shaped a critical customer base for the FePO4 compound, bolstering the global iron phosphate market. Earning an impressive USD 520 million in 2017, the remuneration contributed from applications in agricultural and health sectors can be ascribed to the rising population, which is certainly invigorating the iron phosphate industry.
Global Iron Phosphate Market, By Product, 2017 & 2024, (Kilotons)
It is estimated that world population has surpassed 7.6 billion in 2018 and is straining the agro-based industries, which toil to meet the extraordinary demand for food and other consumables. The increasing need for boosting the agricultural produce has coerced efforts for the improvement of arable land and protecting fields against harmful organisms, imposing the necessity of the iron phosphate market in fertilizer and pesticide sectors. Further in the food segment, higher disposable income has led to a surge in expenditure on powdered drinks, dietary supplements and cereals which are enriched with the addition of FePO4. Fortification using FePO4 is quite beneficial for supplying nourishment to people suffering from iron loss or iron deficiency occurring from continuing external blood loss or when daily food intake does not satisfy the body requirements. Subsequently, progression of the iron phosphate industry can be observed due to augmented utilization of FePO4 in iron supplements given to anemia patients for preventing any further losses of red blood cells.
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As the healthcare industry is attempting to cope with increasing prevalence of diseases caused by nutritional deficiency as well as other chronic disorders, the iron phosphate market can be expected to undergo a tremendous transformation. Stating the evolution of the iron phosphate industry, a large number of pharmaceutical companies are coming up with ways to infuse FePO4 in treatments for lowering fibroblast growth factor 23 (FGF23), which is an important biomarker of chronic kidney disease. An oral iron-based phosphate binder, Ferric citrate was recently found to reduce FGF23 levels in non-dialysis dependent chronic kidney disease (NDD-CKD) patients and also in people suffering from iron deficiency anemia. A potent oral solution for iron deficiency anemia in patients suffering from NDD-CKD, which is also capable of lowering FGF23, will be vital in managing the disease and is indicative of the massive potential of the iron phosphate market.
In terms of manufacturing processes, pretreatment for coating and painting forms an integral part of iron phosphate industry’s application gamut. FePO4 coating has been in practice for more than 50 years, as it provides a better paint adhesion and reduces the rusting of a metal. Generally, iron phosphate coating solutions have a low initial investment cost and are preferred in conversion coating of most indoor equipment that are not exposed to high risk of corrosion. They are also vastly utilized for base coating of a surface before painting in residences to improve the longevity of the paint. The use of FePO4 in crucial stages of iron and steel production and the rapid expansion of residential construction taking place across the world will further propel the iron phosphate market.
The future prospects of the iron phosphate industry cannot be completely described without the mention of its relevance in the electric automobile industry. An exceedingly trending area of product development is the lithium-ion battery, which are critical in the operations of an electric car and majority of consumer devices. Lately, lithium-iron phosphate (LiFePO4) batteries are being produced which show better characteristics than the those made with metal oxides. Soon they will be adopted commonly is electric vehicles and many companies in the iron phosphate market are scuttling to develop low-cost, long-lasting and highly efficient LiFePO4 batteries.
A report was released by UBS predicting that by 2025, the worldwide sales of electric vehicles will reach 16.5 million and approximately every sixth car sold will be an electric one, demonstrating a prolific revenue stream for the iron phosphate market. The lithium-iron phosphate batteries also have a wide range of benefits in grid stabilization, lasers, power tools also in aviation.
All in all, the iron phosphate market is collectively enhanced by a multitude of segments and is projected to witness a growth rate of more than 5% from 2018 to 2024. Exhibiting a fragmented and competitive nature, the industry is comprised of local and international suppliers like Merck, Jost Chemical Co., Imperial Chem Corporation, Crest Industrial Chemicals and Hefei Asialon Chemical Co. Ltd.
Author Name : Pankaj Singh
Unveiling N-Hexyl alcohol market in terms of the application landscape: rising demand for the chemical as a fuel additive to influence the industry trends over 2017-2024
A major sub-vertical of the specialty chemicals sphere, n-Hexyl alcohol market has established itself as a profitable business space owing to the ever-expanding personal care industry. Given how extensively the product is used across the production of soaps, shampoos, lotions, & creams, the growth of the personal care business is certain to have a highly appreciable impact on n-Hexyl alcohol industry trends. This directly proportional liaison is not confined to a limited set of regions but would be applicable across major geographies. Say for instance, VLCC recently launched a range of personal care and wellness products, the sales of which have been speculated to commendably impact India n-Hexyl alcohol market outlook.
U.S. N-hexyl Alcohol Market Size, By Application, 2013 – 2024 (USD Million)
Besides being used as an antiseptic and preservative in cosmetics, n-Hexyl alcohol market has garnered considerable returns from the use of the chemical in modern packaging industry. Pharmaceutical packaging such as wrapping which includes capsules, tubes, bottles, vials, etc., has proved to be exponentially lucrative for the growth of this industry. Speaking of the pharmaceutical space and the use of wrapping materials, it is worthy to mention that N-Hexyl alcohol is also widely used as a plasticizer precursor for packaging. The product is used in the production of PVC – the basic material for many packaging substances that range from wrappings in the medicine industry to wrappers in the cosmetics sphere.
The F&B sector has established itself as a vital application avenue for N-Hexyl alcohol market, essentially because of the chemical’s deployment in direct food contact packaging material such as food grade wraps and polymer films. Hexanol also finds widespread application as an emulsifying and preserving agent, with the rising demand of alcohol in food flavoring. Indeed, alcohol plays a huge role in the production of baked foods, ice-creams, gelatins and puddings, enlarging the scope of n-Hexyl alcohol market from the food industry.
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Besides the mainstream uses of hexanol, some unconventional uses of the chemical are also coming to attention that have the potential to augment the commercialization scope of n-Hexyl alcohol market, especially in relation to the current drive to achieve sustainability in fuels. An experiment to increase the sustainability of diesel through the addition of hexanol in ethanol diesel has shown that smoke emission can be significantly lowered by a blend of ethanol-hexanol diesel. The resultant blend apparently encompasses more oxygen content, while helping to improve engine performance as well.
The rising levels of nitrogen oxide in urban areas, depletion of petroleum reserves, and smoke emission from diesel engines have led to research programs being conducted to find sustainable fuel for the automotive industry. The blend fuel method, that requires no changes to the diesel engine while effectively combating the problem of GHG emissions, has emerged as a clearly superior method. Quite overtly, the mainstream use of this methodology is certain to revolutionize n-Hexyl alcohol market trends in the ensuing years.
The availability of chemicals that can potentially substitute hexanol like N-decanol, N-octanol, N-undecanol, N-nonanol, etc., can pose as a major threat to the growth of n-Hexyl alcohol market. However, the chemical’s deployment across personal care products is so tremendously vast that the commercialization scope of this industry is certain to expand in the ensuing years. The expansion of the personal care space across the economies of India, China, South Korea and Japan would also significantly impact the overall n-Hexyl alcohol market growth. According to estimates, n-Hexyl alcohol industry size will register a CAGR of 4% over 2017-2024, further strengthening its stance in the billion-dollar business sphere.
Author Name : Paroma Bhattacharya
Tartaric acid market to exceed a valuation of USD 600 million by 2024, increasing wine consumption to drive the product demand
Endorsing itself as an intrinsic realm in winemaking process, tartaric acid market stands to gain much over the ensuing years, on virtue of its credential to maintain chemical stability of the wine. This organic acid, in fundamental terms, has been commercialized since ages, however in recent times the business space has garnered an appreciable popularity. As per experts’ opinion, a large credit of this goes to the massive wine consumption across the globe lately. Statistics claim, in 2016, wine consumption worldwide was approximately around 242 million hectoliters, an increment of almost 16 million hectoliters from what it recorded in 2000. In the same year, global tartaric acid market garnered a revenue of USD 450 million-estimates validating the perpetual impact of one on the other.
U.S. Tartaric Acid Market Size, by Type, 2013 – 2024 (USD Million)
The reason behind U.S. to become the hotbed for tartaric acid market investors is quite obvious – the region’s expanding wine sector. According to a latest report by Wines & Vines, nearly 9,091 wineries were operational in the country in 2017. The country also pegged the title of fourth largest wine production nation across the world with a production volume of almost 23.9 million hectoliters in 2016. These estimates vividly exhibit the growth scope of regional tartaric acid market from wine applications. In this regard, natural wine has created much of a buzz among the wine lovers on grounds of its health viability.
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As per estimates, overall wine applications witnessed a proportion of authority in global tartaric acid industry share in 2016 and is likely to continue its dominance over 2017-2024. Having said that, it is prudent to mention that potential contenders are leaving no stone unturned to explore the possibilities of this acid on other application verticals as well. In this regard, an anticipated trend of utilizing tartaric acid as an anodizing agent for corrosion protection, has generated quite a momentum in tartaric acid market. Citing a relevant instance, Airbus leading aircraft manufacturer has developed a chrome-free Tartaric Sulphuric Acid Anodizing (TSA) as an alternative to traditional chromic acid anodizing that are used in corrosion resistant process. Reportedly, on ground of its environmental viability, TSA has also received a green signal from REACH.
The utilization of tartaric acid anodizing process, as per experts’ opinion, undoubtedly falls among one of the few disruptive trends that tartaric acid industry has lately witnessed. This is validated by the increasing number of initiatives that are being undertaken along the similar lines. For instance, Aequs and Magellan Aerospace, two of the most renowned aircraft giants, few years back, signed an agreement, in a bid to expand a special TSA unit in India. Dubbed as Aerospace Processing India, this joint venture plant mainly carries out cadmium plating and TSA anodizing process for OEMs in aerospace sector. This project is also considered as a symptomatic evidence depicting the extent by which tartaric acid market penetrated the aerospace sector.
It is imperative to mention that natural tartaric acid is comparatively costlier than its synthetic counterparts. This is deemed to be one of the fundamental factors acting as a stumbling block in tartaric acid industry’s linear growth path. Add to it, with restrictive consumption of synthetic tartaric acid due to stringent regulatory framework, across a plethora of verticals including the likes of pharmaceutical, food & beverage, and wine production, the profit margin further squeezes. However, increasing consumer inclination toward heathy foods and growing commercialization of beverages having fruit flavors, is likely to widen the application opportunities of the business space over the coming years.
Author Name : Satarupa De
Rapid expansion of manufacturing sector to increase sodium bicarbonate market share over 2019-2024
Sodium bicarbonate market has recorded increasing returns over the recent years due to expansive use of the compound in manufacturing, food & beverages, agrochemical and various other industries. In the manufacturing sector a massive demand for sodium bicarbonate has been created due to its use as a soft abrasive blasting medium. Expanding demand for convenience foods has created a steady growth scope for sodium bicarbonate industry as well, reshaping the market outlook rapidly.
U.S. Sodium Bicarbonate Market Size, By End-User, 2013 – 2024 (USD Million)
The expanding manufacturing sector has significantly supplemented sodium bicarbonate market trends. According to most recent data, manufacturers have been noted to contribute $2.38 trillion to the U.S. economy in the fourth quarter of 2018. Manufacturers in the U.S. perform 64 percent of all private-sector research and development in the country, bringing forth more innovation than any other sector. R&D in the manufacturing sector has risen from $132.5 billion in 2000 to $252.0 billion in 2017. Such actions not only have profound economic implications but are also slated to help the expansion of sodium bicarbonate market as increased manufacturing activities necessitate the use of the compound for abrasive blasting as well as for cleaning and maintenance of machinery.
Iron and steel manufacturing is one such sector that will contribute considerably in augmenting sodium bicarbonate market size. Granulated soda ash is a high-quality product which is used in the steel sector to eliminate Sulphur from iron ore, smoothen blast furnace operations, and give fluidity to slag during the manufacturing of iron and steel.
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According to the European Steel Association, steel consumption was up 1.3% in 2017 to 159 million tons. Indexed steel use in automotive was up by 3.7%, in construction by 4.8%, in mechanical engineering by 6% and by nearly 7% in tubes. The figures represent a steady growth in consumption of steel. Similar growth patterns are expected to be witnessed by steel manufacturing sector which will also proliferate Europe sodium bicarbonate market share in the coming years. According to a research report compiled by Global Market Insights, Inc., Europe sodium bicarbonate market revenue is expected to exceed $400 million by 2024.
The food industry is yet another major consumer that has added impetus to sodium bicarbonate market growth. Sodium bicarbonate is used as a leavening agent in most baked goods that include quick breads, cookies, cakes, rolls etc. Evolving lifestyles across the globe have left less time for cooking which in turn has added a significant stimulus to the demand for ready mix cakes.
In 2015, $27.46 billion was collected from the retail sale of bread and baked goods in the U.S. Considering the fact that the U.S. is one of the largest consumers of baked products, this trend is expected to hold true in the coming years and lead to significant growth in the sodium bicarbonate market. In fact, food and beverage sector is expected to contribute more than $450 million to sodium bicarbonate industry over the forecast timeline.
Notable participants of the sodium bicarbonate industry are undertaking efforts that will expand their footprint in the market. For instance, Tata Chemicals Europe (TCE) is building the first industrial-scale Carbon Capture and Utilization (CCU) Demonstration Plant in the UK, which will decrease its carbon emissions while ensuring a secure and maintainable supply of carbon dioxide. It is the first one of its kind large-scale CCU project in the UK and also marks itself as world’s first in trapping and refining carbon dioxide from power generation facility emission gases to be utilized as a key raw material to produce high purity sodium bicarbonate. TCE already exports 60% of its sodium bicarbonate to more than 60 countries throughout the globe. Many other companies are also toiling to penetrate sodium bicarbonate market by expanding their business globally.
Another effort to reinforce foundation in sodium bicarbonate industry has been depicted by CIECH Group. CIECH has started a number of initiatives aimed at increasing the efficiency of production in the soda business. The company has invested approximately PLN 40 million in the plant in Inowrocław which will increase its production capacity by 50,000 tons of soda ash per year and reduce the cost of production of baking soda or sodium bicarbonate. Businesses are also implementing collaborations, acquisitions, market flotations etc. as a part of their growth strategies to increase their revenue share in sodium bicarbonate industry.
Various companies are toiling to gain substantial revenues in sodium bicarbonate market as the compound is a high margin product targeted that can target various industrial segments. The growth of contributing sectors like iron and steel, food and beverage, glass etc. will also push the revenue graph of sodium bicarbonate industry. Sodium bicarbonate market size is expected to reach $2 billion by 2024.
Author Name : Anchal Solanki
Peracetic acid market to be primarily driven by growing product consumption across the F&B sector, global industry to chronicle its name in the billion-dollar business cosmos by 2025
The increasing use of peracetic acid as a cleanser, disinfectant, antimicrobial, and sanitizer has been stimulating peracetic acid market share. End-use sectors such as f&b, bottling, and meat & poultry processing have been extensively using peracetic acid for disinfecting foodstuffs. In addition, for removing bacteria and fungi from fruits and vegetables, cleansing textile fabrics, processing papers, and treating wastewater, peracetic acid has been preferred on a large scale.
U.S. Peracetic Acid Market Size, By End-user, 2014 – 2025 (USD Million)
The increasing development of production plants related to bottling, agricultural food products, and meat processing facilities have thus been having a significant influence on the peracetic acid market size. Regulatory bodies like FDA have also been playing a major role in the enhancement of product quality by providing guidelines for numerous industries over the use of peracetic acid. Driven by a supportive regulatory landscape and a widespread application spectrum, peracetic acid market trends are likely to receive a commendable boost in the years ahead.
As of now, driven by the rapidly growing population, investments in the food processing industry have depicted a major rise, specifically in packaged food products. In accordance, regulatory organizations and other administrative bodies have implemented supportive policies to increase product adoption. This would perpetually impact peracetic acid market share, since most of the bottling plants use peracetic acid to reduce microbial contamination owing to its antiseptic nature. The product is also used in the brewing industry as a sanitizer. The shifting trends toward completely eliminating microbial contamination with aseptic packaging has turned out to be rather profitable for the bottling and beverage industry, since aseptic packaging provides a longer shelf life and minimum shipping costs.
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Aseptically packaging solutions are also preferred by high and low acid beverage producers, further increasing the demand for peracetic acid. Another additional benefit of peracetic based packaging is that there is no need to deliver the products through a refrigerated enclosure. In accordance, it would be rather overt to mention that the surging establishment of new brewing and dairy product plants will have a notable impact on peracetic acid market. For instance, a few months before, the American beverage company, Coca-Cola decided to invest USD 250 million to build a manufacturing and distribution plant in North Houston. This one-million-square-foot facility will start operating by 2020 with the production of plastic bottles and cans for water and sparkling drinks.
In this rapidly evolving business sphere, taking into account the future opportunities renowned companies have been striving to strengthen their product portfolio by adopting various strategies. Validating the aforementioned fact, few days before, German-based chemical manufacturer, Evonik has signed agreement to acquire U.S.-based PeroxyChem for USD 625 million. PeroxyChem mainly manufacturers peracetic acid and hydrogen peroxide for the specialty applications. With this acquisition, Evonik would now be able to expand its portfolio of environment friendly and high-growth specialty applications. Through such strategic business initiatives, players in the peracetic acid market have been extending their regional reach and enhancing their customer base globally.
Peracetic acid manufacturing companies have consistently been under regulatory scrutiny, however, the favorable regulatory framework has helped them establish advanced research and development facility centers. For instance, recently, EPA provided the green signal for Biosan’s newly developed product that can be used for disinfection and sanitization of laundry. This peracetic acid based product controls dangerous microorganisms like Pseudomonas aeruginosa and Staphylococcus aureus which are mainly found in the laundry pertaining to the hospitality industry. Aided by the supportive sanction from EPA, Biosan LLC has set benchmark for further development peracetic acid sanitizer.
Increasing importance for peracetic acid across industrial and commercial spheres owing to its effectiveness and cost-saving features is thus poised to boost the product demand over the years ahead. The changing approach of the companies toward enhancing their customer base with frequent mergers and acquisitions is also likely to strengthen the pace of peracetic acid industry over the years ahead. For the record, by the end of 2025, overall peracetic acid market will surpass revenue collection of USD 1.2 billion.
Author Name : Sunil Hebbalkar
Silver nanoparticles market to amass a major chunk of the overall valuation from healthcare and life-science applications, rising prevalence of strict food safety norms to proliferate the industry outlook
In recent years, silver nanoparticles market has emerged as one of the most lucrative business spheres pertaining to the increasing product acceptance across the healthcare and food processing sectors. Silver nanoparticles are prominently integrated into medicines used to treat various infectious diseases including influenza, diarrhea, cholera, and so on. An upsurge in disease burden has been observed across the global economies lately, owing to the surging prevalence of infectious diseases. In order to prevent such outbreaks of infectious diseases, most of the healthcare service providers have suggested the deployment of silver nanoparticles owing to its unique property such as high antimicrobial activity.
North America Silver Nanoparticles Market, By Application, 2017 & 2024, (Tons)
Though toxic in nature, the use of silver nanoparticles is still being researched, to increase their applicability for infectious outbreaks. The rising involvement of the scientific community in discovering the effective usage of silver nanoparticles in biomedical devices is slated to boost the product demand over the years ahead.
Recently, Russian scientists carried out a study to find the eco-toxicity of silver nanoparticles. Since it is vital ingredient is various medicinal formulations and other industrial applications, experts are continuously studying the safety characteristics and risk factors associated with the use of silver nanoparticles. In addition, some of the pioneering biotech companies have been putting their efforts to increase the number of research and development activities to manufacture high-grade cosmetics and nutraceuticals.
Taking into account the primary use of silver nanoparticles in drug formulations, leading medical product manufacturers have been looking forward to acquiring research organizations that have been involved in the development of new formulations. For instance, recently, Apotheca Biosciences unveiled a plant to purchase Nano Creaciones S.A. P.I. de D.V. Research LLC, also known as Nano, which is known for its patented work in the formulations of several medical remedies. Currently, it has been developing cutting-edge nanotechnology that would be used for the development of cotton fiber gauze with silver nitrate nanoparticles which can be deployed for the tissue generation process.
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This acquisition is also slated to emerge beneficial for Apotheca Biosciences to strengthen its knowledge and level of expertise in the development of CBD products. In addition, it will also enhance its delivery technologies and product portfolio comprising sublingual and transdermal solutions. It is rather discernible that with the adoption of various strategies like mergers and acquisitions, silver nanoparticles market contenders have been attempting to consolidate their stance in the industry. Driven by the product’s versatile usage in medical applications, Global Market Insights, Inc., forecasts silver nanoparticles market size from healthcare & life science applications to be pegged at an appreciable USD 1 billion by 2024.
Over the last few years, numerous start-up companies have invested in this business vertical, considering the product’s remarkable use in textile applications. The New Jersey-based PurThread is also one of the startup companies that had invested USD 9 million in the development of silver nanoparticle-based solutions to destroy microorganisms in the textile fibers. This technology has been extensively used across military, healthcare, and athletic applications for processing used clothes and textile fabrics. Reportedly, in 2017, textile application accounted for a 25 percent share of silver nanoparticles industry. The continuously increasing adoption of silver nanoparticles across the textile industry will further fuel the market trends remarkably.
In addition to the medical and textile applications, silver nanoparticles have also gained popularity across the food packaging sector. The shifting trends toward the consumption of packaged food along with the prevalence of strict regulations related to packaged food hygiene have also been promoting the usage of silver nanoparticles. In the U.S., the federal government has implemented food hygiene regulations and food safety standards to ensure consumers’ safety. The strict initiative taken by the U.S. government has encouraged most of the food processing industries to use silver nanoparticles commercially, which has had a positive impact on the product demand. For the record, with increasing importance for hygienic packaging trends, food and beverages application is poised to generate a revenue of more than USD 300 million in silver nanoparticles industry by the end of 2024.
It is noteworthy to mention that despite having toxic properties, silver nanoparticles have emerged as one of the most massively demanded specialty chemicals. Significant use of nanoparticles in most of the medical formulations will further augment the industry share over the years ahead. The rising efforts by the industry magnates to gain dominance across myriad regions will further expedite silver nanoparticles market. As per estimates put forth by Global Market Insights, Inc., silver nanoparticles market is poised to surpass a revenue collection of USD 3 billion by the end of 2024.
Author Name : Ojaswita Kutepatil
Chitosan market to register a double-digit CAGR over 2018-2024, surging demand from wastewater treatment to expedite the industry expansion
In a world consumed with the concern of reducing waste and bring down greenhouse gases emission, chitosan market has gained major prominence in the last couple of decades since the compound has proven to be one of the most ecofriendly biopolymers. Recently a group of bioengineers from University of Nottingham in UK have joined a counterpart team in Nile University, Egypt to develop a substitute for conventional plastic carry bags using chitosan. The biodegradable alternative will be designed to be greener than more conventional polythene derived from fossil fuels and can also be used to extend the shelf life of foodstuffs.
U.S. chitosan market size, by end-user, 2013 – 2024 (USD Million)
Apparently, developing nations like Egypt have a major problem when it comes to disposal of plastic bags and reduction of water contamination. The use of bioplastics is not feasible in the African nation where most plants are grown for food and cotton. Chitosan, the man-made polymer derived shrimp shell, has emerged as viable solution for the production of a biopolymer nanocomposite material that can replace polyethene. The success of chitosan in Egypt can lead to British manufacturers opting for it as well which is eventually expected to lend a major boost to the chitosan market over 2018-2024.
Chitosan is already a very recognized material in waste water treatment industry as well as food packaging industry. Research has demonstrated that the biopolymer chitosan can be used as a coagulating agent for organic compounds, toxic heavy metals and for adsorption of dyes and minor concentrations of phenols in various industrial wastewaters. Absorption in waste water treatment has been attracting scientific focus as it is a high efficiency, low cost method and absorbents are easily available. Driven by industrialization and urbanization, water pollution has become a major threat on Planet Earth. Chitosan industry has forged a remarkable growth avenue for itself as it has proved to be one of the most effective compounds for the removal of heavy metals or metalloids through adsorption.
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Chitosan market has also etched out a growth path through the development of edible alternatives in food packaging. Researchers are therefore developing packaging alternatives made of chitosan as an option that has the potential to replace plastic in the food and animal feed industries. As per the Australian Marine Debris Initiative Database, plastics constitute one of the biggest pollutants in the Australian waterways, with up to 130,000 tones winding up in the ocean each year. Researchers at the National University of Singapore have succeeded in developing an ecofriendly food packaging material that is chemical additives free by fortifying natural chitosan composite film with seed extract from grapefruit. This innovative food packaging material can impede fungal growth resulting in doubling the shelf life of perishable food. As such packaging options come to achieve mainstream acceptance, chitosan market is bound to register a growth influx over the ensuing years.
The production procedure for chitin and chitosan involves use of hydrogen peroxide and high temperatures besides the use of aggressive agents, concentrated solutions of acids and sodium hydroxide. Large volumes of industrial wastewater containing acid and alkali are produced during the chemical treatment of chitin and chitosan. However, the compounds are used across a wide array of industries that include medicine, agriculture, cosmetics and food processing. Considering such applications and the relative eco friendliness of chitosan, extensive research and development is being conducted in the chitosan market to create a product that is not as harmful to the environment.
Recently a research endeavor has succeeded in obtaining low-molecular-weight, water-soluble chitin and chitosan that relies on electron-beam plasma degradation of chitosan in a specialized plasma chemical reactor. The new technique not only has the advantage of being environmentally friendly but also reduces the time needed to produce water-soluble chitosan from several days to minutes. As more investments related to chitosan find their niche in R&D programs, it is imperative that the chitosan market will register a massive growth rate over 2018-2024.
Author Name :Paroma Bhattacharya
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