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UV Disinfection Equipment Market: Key Findings

According to the Global Burden of Disease Study (GBD), over 95% of the world’s population struggles with health problems. About half of this population resides in densely populated urban areas, where access to adequate sanitation is a pressing problem. Consequently, the risk of outbreaks of diseases such as measles and influenza is significantly increased in these areas. In response, UV disinfection devices have emerged as important systems for maintaining cleanliness and protecting public health. Increasing support from government initiatives and the widespread adoption of UV systems in various sectors have driven its expansion. According to Triton’s Market Research report, the global UV disinfection equipment market is predicted to reach $10356.06 million by 2030, expanding at a CAGR of 7.61% during the forecast period 2023-2030.

UV Disinfection Equipment Applications: Redefining Safety Norms

Water Treatment:

The World Health Organization (WHO) states that 80% of all infectious diseases are waterborne infections. The escalation in water pollution creates conducive environments for malaria-carrying mosquitoes, resulting in an annual death toll ranging from 1.2 million to 2.7 million individuals. This highlights the critical role of UV disinfection technology in water treatment, effectively neutralizing harmful microorganisms and ensuring safe and clean drinking water. Accordingly, demand for water treatment will serve as a key catalyst for advancing the UV disinfection equipment market.

As Triton’s analysis indicates, the UV disinfection equipment marketby water treatment held the dominant share of 7.59% in 2022.

Additionally, the growing awareness of the adverse effects of chlorination has paved the way for UV treatment as a rising alternative. In response to these challenges, the UK water authority has established specific guidelines for applying UV disinfection in water treatment, making it mandatory for public water suppliers to adhere to these protocols. Furthermore, other countries, including China and several European Union members, are also formulating similar regulations to address water contamination and safeguard public health.

Therefore, these regulations in the country will likely boost the demand for UV disinfection technologies, leading the Asia-Pacific UV disinfection equipment market to progress fastest at a CAGR of 7.86% from 2023-2030.

Air Treatment:

According to a comprehensive study, the annual death toll from air pollution caused by smoke and various chemicals stands at approximately 3 million people. In the United States alone, approximately 3 million tons of hazardous chemicals are released into the atmosphere annually, leading to severe health consequences, including cancer and other critical health issues.

Addressing air pollution and regulating the release of harmful chemicals demand concerted global efforts. As a result, UV air purification has garnered widespread acceptance as an established technique, with reputable organizations like the World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC) consistently advocating its adoption in critical settings such as laboratories, hospitals, operating rooms, and educational institutions.

Our estimates suggest that the UV disinfection equipment market by air treatment is poised for the fastest growth, with a projected CAGR of 7.79% during the forecast period 2023-2030.

Surface Treatment:

In the quest for advanced hygiene solutions, UV surface disinfection treatment has proven to be a transformative force. Its effectiveness in neutralizing pathogens is now complemented by innovative technological advances, demonstrated by recent launches:

In March 2021, Atlantic Ultraviolet Corporation made headlines with its enhanced Sanidyne Ultraviolet Portable Area Sanitizer Line. This improvement introduces the Sanidyne Prime Remote and Sanidyne Plus enhancements, packed with state-of-the-art features. Including occupancy sensors and remote control enhances safety, while improved portability promotes comfort.

In February 2021, Xenex introduced a breakthrough innovation— the Deactivate Handheld Disinfection Device. The solution can destroy SARS-CoV-2 on surfaces in an astonishing 30 seconds. The powerful, handheld device LED rapidly disinfects confined spaces and revolutionizes surface hygiene.

These ventures reflect a sector committed to unyielding safety standards. As UV technology advances, these pioneering developments serve as guideposts, pointing towards a future characterized by cleaner, safer, and more hygienic environments.

Conclusion

The UV disinfection equipment market is poised for continued prosperity fueled by several key factors. The growing consumer preference for hygienic and high-quality drinking water and stringent government regulations drive the demand for technologically advanced disinfection solutions. Furthermore, the prevalence of UV technology is on the rise due to the growing number of startups emerging in the area. This trend will contribute to the expansion trajectory of the studied market worldwide.

FAQs

Q1: What geographies are studied in the market?

North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.

Q2) Which are the established players in the UV disinfection equipment market?

The established players in the market include Xylem Inc, Calgon Carbon Corporation, OSRAM Licht AG, Severn Trent Plc, Danaher Corporation, Evoqua Water Technologies LLC, Germitec, Australian Ultra Violet Services Pty Ltd, Atlantic Ultraviolet Corporation, and Halma Plc.

Q3) Which sectors use UV disinfection equipment in air treatment? Health facilities, hospitality, industrial, retail shop, offices, and others.

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Sustainability Trend Drive Plant-Based Food and Beverage Market

Triton Market Research presents the Global Plant-Based Food and Beverage Market report segmented by Type (Plant-Based Dairy Derivatives [Plant-Based Ice Cream and Frozen Desserts, Plant-Based Cheese, Plant-Based Yogurt, Plant-Based Creamer, Plant-Based Dairy Spreads and Dips], Plant-Based Meat Substitutes [Textured Vegetable Protein, Tofu, Tempeh, Mycoprotein, Seitan, and Other Meat Substitutes], Plant-based Nutrition/Snack Bars, Plant-based Bakery Products, Plant-based Beverages [Plant-Based Milk, Packaged Smoothies, Coffee, Tea, Other Plant-Based Beverages], Other Plant-Based Products), Ingredient (Soy, Wheat, Pea, Coconut, Almond, Cashew, Other Ingredients), Storage (Frozen, Refrigerated, Shelf-stable), Sales Channel (Offline Sales channel [Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Other Offline Sales Channels], Online Sales channel), and Regional Outlook (North America, Middle East and Africa, Asia-Pacific, Europe, Latin America). 

The report further includes the Market Summary, Industry Outlook, Impact Analysis, Key Insights, Porter’s Five Forces Analysis, Market Maturity Analysis, Industry Components, Regulatory Framework, Key Market Strategies, Market Drivers, Challenges, Opportunities, Analyst Perspective, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2023-2030).

According to Triton’s analysis, the revenue of the plant-based foods and beverage market is predicted to rise with a CAGR of 10.91% during the forecast period 2023-2030.

Plant-based food is a final product comprising ingredients like vegetables, fruits, whole grains, nuts, seeds, and legumes (peas, beans, pulses, etc.). Animal welfare, health consciousness, and sustainability trends have increased the demand for plant-based alternatives.

Due to the production process requiring specialized equipment and technology, the market faces the major challenge of the high cost of plant-based products. Companies trying to meet the demand for plant-based alternatives need substantial investments in research and development. These factors contribute to higher product costs, creating barriers for consumers seeking affordable plant-based options.

Despite these challenges, the availability of sustainable products, recyclable packaging, revolutionary manufacturing procedures, and innovation in plant-based product offerings creates lucrative opportunities for the plant-based food and beverage market.

Asia-Pacific is expected to witness the fastest growth in the plant-based food and beverage market. The region’s large population and rising disposable incomes drive the demand for varied food options. In this regard, growing awareness of the environmental impact of animal agriculture and concerns about animal welfare drive consumers towards plant-based alternatives. Governments promote plant-based diets as part of their sustainable development strategies, further boosting market growth.

The key companies thriving in the plant-based food and beverage market are Nestlé SA, General Mills Inc, Danone SA, Conagra Brands Inc, The Hain Celestial Group Inc, Blue Diamond Growers, The Archer-Daniels-Midland Company (ADM), Meatless Farm, Amy’s Kitchen Inc, Beyond Meat Inc, Campbell Soup Company, Impossible Foods Inc, Daiya Foods Inc, Living Harvest Foods Inc, and KeVita Inc. The high bargaining power of buyers in the plant-based food and beverage market poses a threat to manufacturers. With established industry players and numerous choices, buyers can demand high-quality products at lower prices. The ease of switching between brands further amplifies the power. Additionally, consumers’ inclination to experiment and change preferences increases the leverage. This heightened bargaining power can pressure manufacturers to meet buyer demands, potentially impacting their profitability and market share.

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Rising R&D Fuels Global Flexible Electronics Market

Triton Market Research presents the Global Flexible Electronics Market report segmented by Application (Consumer Electronics, Medical and Healthcare, Aerospace and Defense, Automotive, Energy and Power, Other Applications), Component (Flexible Display, Flexible Memory, Flexible Sensor, Flexible Battery, Flexible Photovoltaic), and Regional Outlook (Latin America, Middle East and Africa, North America, Asia-Pacific, Europe).

The report further includes the Market Summary, Industry Outlook, Impact Analysis, Porter's Five Forces Analysis, Market Maturity Analysis, Industry Components, Regulatory Framework, Key Market Strategies, Drivers, Challenges, Opportunities, Analyst Perspective, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2023-2030).

According to Triton's report, the global flexible electronics market will experience a compound annual growth rate (CAGR) of 8.88% between 2023 and 2030.

Flexible electronics are built on flexible substrates such as plastic, metal foil, and paper. It offers the advantage of being adaptable and stretchable, which enables its integration into various products. Moreover, they make sensors portable, cost-effective, and suitable for various industries such as healthcare, automotive, and consumer electronics.

The flexible electronics market is driven by continuous research and development, enabling the discovery of new applications and advances in the field. This ongoing research and development drive in the flexible electronics market fuels innovation and paves the way for future breakthroughs in flexible electronic devices and systems.

However, the flexible electronics market faces significant challenges due to the complexity of the assembly processes. These processes require specialized equipment, techniques, and expertise to handle electronic components.

On the other hand, with the increasing focus of end-users on energy conservation, the demand for flexible electronics in energy-efficient applications represents a favorable opportunity for growth and innovation in the industry.

The Asia-Pacific region is expected to grow the fastest during the forecast period. It is home to key semiconductor manufacturing countries such as China, Taiwan, and Japan. These countries have a large number of pure-play foundries operated by both domestic and international vendors, which is fueling the growth of flexible electronics. In addition, China's position as the largest producer and consumer of automobiles, coupled with its high demand for electric vehicles, contributes to the increasing adoption of flexible electronics in the region.

Fujikura Ltd, Japan Display Inc, AGC Inc, Sumitomo Corporation, Sony Corporation, LG Electronics Inc, AUO Corporation, Samsung Electronics Co Ltd, Flex Ltd, and Blue Spark Technologies are notable companies in the forklift truck market. While new entrants have the potential to offer innovative solutions and influence pricing, there are significant barriers to entry. Capital requirements and the need to maintain product quality are challenges for new entrants. In addition, stringent government regulations limit the scope for market entry. However, the growing demand for flexible electronics and the potential for economies of scale are attracting electronics manufacturers to the market. Overall, the potential for profitability and the opportunity to gain market share in the industry may attract new entrants, resulting in a moderate threat from new competition.

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Growing Food Waste Fuels Global Food Waste Management Market

Triton Market Research presents the Global Food Waste Management Market report segmented by Source (Municipalities and Households, Food Distributors and Suppliers, Food Service Providers, Primary Food Producers, Food Manufacturers), Service (Collection, Disposal, Recycling [Power Generation, Animal Feed, Biofuels, Fertilizers), Waste Type (Dairy & Dairy Products, Cereals, Fruits & Vegetables, Meat, Poultry & Seafood, Processed Food, Other Waste Types), and Regional  Outlook (Asia-Pacific, Europe, Latin America, Middle East and Africa, North America).

The report further discusses the Market Summary, Industry Outlook, Parent Market Analysis, Impact Analysis, Porter’s Five Forces Analysis, Market Maturity Analysis, Industry Components, Food Recovery Hierarchy, Key Buying Impact Analysis, Key Market Strategies, Drivers, Challenges, Opportunities, Analyst Perspective, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2023-2030).

Based on estimates by Triton Market Research, the global food waste management market is set to witness revenue growth at a CAGR of 5.66% during the forecast period 2023-2030.

Factors such as rising population and technological advancements for effective waste management are set to create opportunities for the food waste management market. Companies are increasingly focusing on adopting cutting-edge technologies to enhance the waste management process. In this regard, big data has emerged as a crucial technology in increasing operational efficiency. This elevates the adoption of waste management systems in the food sector.

However, inefficient food waste collection and the harmful impact of waste processing methods on the environment are expected to negatively impact the food waste management market.

Globally, Asia-Pacific is anticipated to emerge as the fastest-growing region over the projected phase. Around 30% of the grains are lost or discarded in the region. This is mainly on account of diseases and insect infections, poor production planning, etc. Other than this, lack of proper infrastructure, including power, water, and roads, are key causes of food loss. The growing food waste results in a high need for waste management systems. Hence, these factors widen the scope and growth of the food waste management market.

The eminent companies in the food waste management market are Casella Waste Systems Inc, Cleanaway Waste Management Limited, FCC Environmental Services, Clean Harbors Inc, GFL Environmental Inc, Suez SA, Waste Management Inc, Veolia, Republic Services Inc, and Waste Connections Inc. The threat of new entrants is minimal owing to the significant initial investment in the market. Additionally, the industry is highly regulated, which restricts new players’ entry. Over the years, the competition level has also elevated among existing players, owing to a rise in innovation and pricing to gain a competitive edge. Therefore, the threat of new players and competition levels are expected to remain low and high, respectively, over the forecast period.

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Molded Pulp Packaging Market | 2023-2030 Forecast Analysis

Triton Market Research presents the Global Molded Pulp Packaging Market report sectioned by Source (Wood Pulp, Non-wood Pulp), Product (End Caps, Trays, Clamshells, Bowls & Cups, Plates, Other Products), Application (Healthcare, Food Packaging, Food Service, Industrial, Electronics, Other Applications), Molded Type (Thermoformed, Thick Wall, Processed, Transfer), and Regional Outlook (Middle East and Africa, Latin America, North America, Asia-Pacific, Europe). 

The report further includes the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter’s Five Forces Analysis, Market Attractiveness Index, Vendor Scorecard, Regulatory Framework, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2023-2030).

As per Triton’s analysis, the global molded pulp packaging market is deemed to register revenue growth at 7.19% of CAGR during the forecast period 2023-2030.

Molded pulp packaging material is produced from fibrous materials like recycled paper, wood pulp, etc. This packing solution is widely adopted for food packaging, electronics, and other applications.

Factors such as a surge in demand for customized molded pulp packaging and the growing food delivery sector created novel opportunities for the studied market. The food delivery sector has grown considerably over the past few years, accelerated by COVID-19. With the rising demand for ready-to-eat food products, there is a high demand for novel packing solutions. In this regard, molded pulp packaging has emerged as a cost-effective, lightweight, and eco-friendly solution as opposed to traditional plastic packaging.

However, fluctuating raw material costs and stringent government regulations hamper the development of the molded pulp packaging market.

Globally, Asia-Pacific is anticipated to observe the fastest growth over the forecasted phase. The region’s growth is fueled by the rising disposable income and high population base that has increased the demand for food products. In China, the food and beverage industry has witnessed substantial growth, leading to high demand for new packaging solutions like molded pulp. Besides this, the rising demand for consumer electronics has created the demand for pulp packaging, further adding to the market’s growth.

The well-known companies in the molded pulp packaging market are Genpak LLC, UFP Technologies Inc, Huhtamaki OYJ, Sonoco Products Company, Sabert Corporation, Brodrene Hartmann AS, Eco-Products Inc, Fabri-Kal, Pro-Pac Packaging Group, and Thermoform Engineered Quality LLC.

Transfer molded pulp packaging is widely used in food packaging applications due to features like air permeability, extended shelf life, etc. This molded type also restricts damage to products, which has made it beneficial in packaging perishable and fragile food products, including eggs and alcoholic beverages.