Pearl Jewelry Industry Analysis Report 2025

Freshwater Pearls - New Women, New Jewelry

While pearls have unfairly been regarded as “old women jewels,” the notion is changing now with several celebrities and influential women, including Kate Middleton, Duchess of Cambridge, and Michelle Obama have started wearing pearls, thereby aiding the revival of the pearl jewelry market across the world. They have emerged as a fashion statement in jewelry over the years.

Gold Vs. Pearl in Jewelry

The global demand for gold jewelry waned to 2,200 tons, which was a decline of 0.04% compared to 2017. The reduction in gold jewelry is mainly attributed to the decline of 3% in the fourth quarter of 2018. According to the World Gold Council, the decline was due to several regional challenges and global economic trends. The average price of gold increased from $1,087.5 per oz in 2009 to $1,279 per oz in 2019. The increasing price of gold is expected to be a challenge for the market, as middle-class consumers are less likely to afford it. On the contrary, pearl jewelry offers modern design and is accessible as there is a wide selection to choose from with a friendly budget. The growing affordability is expected to increase in the popularity of contemporary pearl jewelry.

Freshwater Pearls

Freshwater pearls are the most popular and affordable option, which are largely favored by first-time buyers and novice jewelry designers. The freshwater pearls jewelry segment accounted for over 40% share of the global market in 2019 and more than 90% of freshwater ones are harvested in China. Freshwater mussels are cultivated in lakes and man-made ponds. These ponds are fermented with animal manure and often chemical fertilizers to produce algae. However, badly managed pearl farming can lead to water pollution and eutrophication. Pearls farmers are likely to implement innovative technology to thrive in the long term. Farmers and scientists are investing on greater use of automation in aquaculture to help avoid eutrophication. The demand for freshwater pearls jewelry is expected to grow due to the increasing need for inexpensive jewelry, especially in the younger population and first-time buyers.

Geographically, the APAC region was the largest market for freshwater pearls jewelry, with over 55% of the market share in 2019. The presence of the largest jewelry market in countries such as China, Japan, and India is likely to drive the demand for freshwater pearls. The region is also expected to witness the fastest growth, supported by economic developments and surging middle-class population with high disposable incomes, which are expected to bolster the market.

Saltwater Pearls

Saltwater pearls are more expensive than freshwater ones as they are extremely rare in nature. This segment accounted for over 60% market shares in 2019. The rise in water pollution and overharvesting of saltwater pearls has resulted in the decline in the production, which is boosting their average price globally. High-end consumers with greater disposable income prefer these types due to their rarity and expensive nature.

The availability of a wide range of branded, saltwater pearl jewelry with unique designs is expected to boost the sale of these products. China, Japan, and India are the largest markets in the APAC region. The growing economic development, the increasing purchasing power of consumers and increasing preference among consumers for high-quality jewelry are expected to reinforce the market during forecast period.

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Prominent Vendors

  • TJC
  • Tiffany & Co.
  • Stewart Dawson
  • Mikimoto
  • Misaki
  • Honora Pearls
  • Yvel
  • Joomi Lim
  • Dogeared
  • Carolee
  • Atelier Mon
  • Chandrani Pearls
  • Chow Tai Fook
  • Tanishq
  • Tasaki
  • Majorica Pearl
  • The Pearl Source

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pressure Sensitive Labels Industry analysis and growth forecast 2025

Pressure Sensitive Labels - Preventing Counterfeiting, Increasing Product Safety

The usage of labels has increase manifold in end-user sectors. Enhancement in technology continues to drive changes in the pressure sensitive label industry (PSL industry). With numerous options in the marketplace, brand and label recognition is essential, especially to capture the customer’s attention. PSLs are one of the major label categories and is used across majority of the industries on account of its ease of use and effective functionality. The pressure sensitive label industry is in the strong growth stage as the demand from the food and beverage industry is significantly high. The performance of the food and beverage industry has been positive in several regions. Pressure sensitive labels have a higher degree of acceptability as they are mainly based on paper.

Multiple Forms of PSLs

Variable Information Print (VIP) VIP labels are made from either paper or film-based face stock materials. Their application is predominantly used in logistics, warehousing, pharmaceutical, point of purchase, and transport industries. Printing technologies used for VIP labels comprise inkjet, laser, direct thermal, and thermal transfer printing. VIP and prime labels together hold the highest share in the pressure sensitive label industry and are likely to dominate the market during the forecast period.

Prime – They are made from both paper and film label stock. Paper-based labelstocks carry a high demand from end-users as they are produced at a low cost. Luxury products manufacturers utilize film-based labels to provide a premium look to the packaged product. Prime labels have the highest volume demand from the food industry.

Functional and Security – Anti-counterfeiting and security labels are the latest addition to the pressure sensitive labeling. The investment has increased for the development of high quality, advanced print security and anti-counterfeiting technology to tackle counterfeiting. Brand security solutions have been in demand, particularly from the F&B industry as the prevalence of forging is high in the industry. The growing consumer preference for branded products, the increasing awareness of security and consumer protection, and the emergence of e-commerce are likely to be the major growth drivers of the segment.

Geographical Overview of PSLs

APAC – The region is characterized by high GDP growth and strong macroeconomic indicators. However, the per capita consumption of labels is not uniform and is offset by several countries with low per capita label consumption. The growth of e-commerce in China, India, and other countries in the region is expected to boost the demand for intelligent package labeling. The lack of stringent norms with respect to recycling is aiding the growth of plastic-based labels and liners. The usage of non-sustainable material is high in the region. Japan, South Korea, Australia, and Singapore are exception due to the stringent regulatory norms.

Europe – Supermarkets in the region, especially in Western Europe, are expanding at the faster rate. Germany has the highest number of supermarkets followed by the US and the UK. A highly developed retail market in Europe is pushing for better print technology. Europe is increasing stringency in labeling and setting new standards. The amount of information printed on a label is expected to increase. Functional and security labels such as tamper evident, RFID, and barcode labels are likely to increase in the pharmaceutical sector.

North America – The region hosts several industries such as the retail and CPG, which require robust pressure sensitive labels. The growth of M&A strategies is strong in the region. Automotive, healthcare, and electronics & semiconductors sectors are the key end-users, which have shown high growth in the region. The share of labels in these industries is likely to grow further during the forecast period. The pressure sensitive label industry is witnessing high innovation and a degree of service differentiation.

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Cardiac Pacemakers Market 2025

Cardiac Pacemakers – Helping the Heart to Beat

Advances in cardiac surgeries have led to the development of artificial pacemakers that help to stimulate the muscle of the heart.  Miniaturization of electronic circuitry has development of totally implantable cardiac pacemakers. Approximately 900,000 people are prescribed with cardiac pacemakers annually across the globe. With the advent of lithium batteries, the longevity of pacemakers increased and reduced the replacement of batteries to a considerable level. Battery lifespan is a factor to consider as their replacement requires surgery that adds to the healthcare expenditure. In the US, between 2.7 and 6.1 million individuals suffer from several forms of arrhythmias. About 9% of the US population older than 65 years are prone to arrhythmias and 2% of individuals below the age of 65 years are likely to have abnormal heart rhythms.

Technological and Geographical aspects of Cardiac Pacemaker

Dual-chamber Cardiac Pacemakers: They are clinically proven to treat arrhythmias, especially atrial fibrillation, which assists in preventing the pacemaker syndrome. Dual-chamber pacemakers are gaining popularity compared to single-chamber ones due to high efficiency and cost-effectiveness in treating atrioventricular block syndrome. Several vendors have started expanding their dual chamber cardiac pacemaker portfolio. BIOTRONIK is the first company in the US to offer dual chamber devices. Similarly, Abbott is currently working on developing a dual-chamber leadless device.

North America is expected to dominate the cardiac pacemaker market due to the increased volume of surgeries for treating abnormal heart rhythms. The surge in surgeries is on account of the availability of advanced healthcare infrastructure, constant technological innovations, and the growing acceptance of pacemaker systems. The high prevalence of abnormal heart rhythm defects is likely to be another primary factor driving market growth.

Single Chamber Cardiac Pacemakers: Single chamber devices are inexpensive as they use one lead and pump either to the right atrium or right ventricle of the patient. However, cardiologists recommend dual-chamber pacemakers as they are highly effective than single chamber and avoid future complications. The increasing preference for dual-chambers is expected to hinder the sale of single chamber devices in developed economies. However, the demand for single chamber devices are likely to increase in developing countries on account of low availability of dual chamber ones.

Globally, the cardiac pacemaker market in India is likely to grow at a faster rate than other countries. The average cost of pacemakers is low in India compared to other countries worldwide. The availability of low-cost implantation procedures is expected to encourage foreign patients to implant cardiac pacemakers in the country. The establishment of high-quality heart care centers and adoption of innovative techniques such as robotic surgical are expected to boost the demand.

Biventricular Cardiac Pacemakers/CRT-P: The device monitors the heart’s rhythm, detects irregularities, and fixes them with electrical impulses. CRT-Ps have three leads that deliver energy to the heart rather than one or two leads. These devices enhance the heart’s effectiveness and increase the blood flow compared to single and dual chamber models. Moreover, another prime function of the CRT-P device is to minimize the future chances of heart failure. The segment is expected to grow at the fastest rate segment during the forecast period because of their unique offerings and increasing preference for CRT-Ps over single and dual chamber devices.

In Europe, over 15% of the population is aged 65 years and above. The geriatric population is at a higher risk of developing an abnormal heart rhythm, which is expected to increase demand for advanced cardiac pacemakers in the region. In Germany, there is a higher number of cardiac pacemakers implanting centers and is likely to witness significant growth of over 7% in the market during the forecast period.

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Liquid Silicone Rubber Market Analysis 2025

Liquid Silicone Rubber – One Solution, Many Industries

Liquid silicone rubber (LSR) is an outstanding solution for high optical clarity combined with long-term durability that can withstand high temperature and UV lights. The requirement of complex and innovative devices in electronics and automotive industries has led to the adoption of flexible LSRs into the molding process.

Automotive Industry: This industry is considered to be highly competitive, and key players are expected to strike competitive advantage by implementing cost cutting production methods with reduced wastage. The adoption of liquid silicone rubber is a cost-effective alternative to traditional rubbers, and the application of LSR in the automotive industry can be observed as a breakthrough. The presence of temperature, chemical resistance, optical clarity, and compression are four main determining factors, increasing the application of liquid silicone rubber in the automotive industry.

The usage of industrial grade liquid silicone rubber is expected to increase in the automobile industry as the rubber is used in the manufacturing of waterproof connectors, sparkplug boots, hoses, turbo chargers, LED lightings, and O-rings.  Industrial grade LSR has extensive heat, oil, and steam resistant. In 2019, the liquid silicone rubber automotive market generated over $580 million. The APAC region is the major contributor to the market, and the region generated over $192 million in 2019.

Healthcare Industry: LSR is used to develop several medical devices and accessories in the healthcare industry. Wearables are the fastest growing device using LSR. Wearable technology includes Fitbit and jawbone, where liquid silicone rubber is considered as the best alternative due to its resistance against UV radiations and temperatures. The healthcare LSR market generated a revenue of over $550 million in 2019, which is estimated to increase over 40% by 2024. In 2019, the APAC region was the highest revenue contributor to the market. The growing demand in surgical tools and devices makes the healthcare segment as one of the leading revenue generators for the global liquid silicone rubber market. This growth rate is likely to increase due to factors such as clean room technology molding of LSR and increased biocompatibility requirements by medical experts.

Consumer and Baby Care Industry: LSRs are the most preferred components in silicone toys manufacturing. Majority of thermoplastics gain their flexibility characteristics from hazardous plasticizers and are prone to leak over time due to wear and tear. Thermosets such as liquid silicone rubber are pure and stable to manufacture baby bottles, caps, pacifiers, bottle nipples or other components. The inorganic backbone of LSR makes it bacteria resistant. In 2019, the consumer and baby care Industry contributed a revenue of over $475 million to the market. The APAC region accounted for a major share in 2019 due to the presence of several toys and baby care products manufacturing centers in China. The market is expected to bolster growth on account of the growing inclination of people toward safety in baby products such as toys and other accessories such as bottles and nipples.

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Global Pet Health Insurance Market Analysis Report

Pet Health Insurance Industry - Caring, Securing, & Insuring your Pet

While kinships among humans are conventional, affinities between animals and individuals are surreal. Associations with pets are considered as a rewarding experience as they aren’t defined by conformist notions of love but by loyalty. Reports from several studies suggest more than 75% of the owners consider them as part of the family whereas over 60% of owners allow them to sleep in their bedrooms.

Like human beings, pets are prone to diseases and one in three requires emergency vet treatment annually. An average dog owning household is expected to spend over $375 per year and horse owners are likely to spend over $370 annually, whereas cat owners expect to spend over $190 per year on veterinary bills. Owners, especially millennials, are willing to spend on their animals. The US household spent more than $72 billion in 2018 on pet health insurance care, which is 4.5% higher than in 2017. Animal food and related products earned revenue of more than $45 billion in Europe in 2018. Hence, the increased interest in animal welfare is likely to opt for animal protection cover.

Pet Accidents and Illness Insurances

The accident and illness segment captured over 90% of the market in 2019 and is expected to grow at a promising CAGR during the period 2019–2025. Insurance policies cover reimbursement for accident and illness, including hereditary conditions and behavioral traits among pets. The average premium range for accident and illness insurance is likely to remain between $30 and $50 per month for dogs and $20 and $45 for cats. Although this policy is expensive than low-cost accident only plan, the owners are likely to opt for it due to the increase in animal welfare concept and the need to prevent expensive veterinary bills.

The growth in the millennial population is expected to improve spending on their animal and their wellness products. Insurers are likely to target this population segment in the US and the UK as millennials prefer the company of pets. In regions such as MEA, the number of exotic pet animals such as tortoise, turtles, and parrots is expected to grow. Insurance players can make use of the opportunity to introduce new coverage plans for them, which is likely to boost the market. The region is likely to witness high adoption rates due to the increase in disposable incomes.

Although Latin American countries such as Mexico, Brazil, and Argentina are expected to have the highest percentage share of owners, the awareness of pet health insurance is significantly low. The insurers are likely to invest efforts and awareness to grow in these markets where the penetration is expected to be less than 1%. Increased awareness in APAC countries such as China, Japan, and South Korea is likely to stimulate growth.

Pets Accident Only Insurance

Accident only coverage includes exam fees and costs associated with diagnostics and treatments for accidents and not for prevailing illness which is likely to be the major reason for the affordable low premiums. The average claim per month is about $20 on an average and the basic plan starts from $10 across the regions of the US, Canada, and the UK. The low awareness among the owners in the APAC, MEA and Latin American region is likely to enable early adopters and innovators in the region to try out cheap accident only plans. The accident only policy segment generated a revenue of $217.06 million in 2019. The major reason for low shares in the market is the suitability of insurance plans for young and healthier dogs.

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Global Hair Wigs and Extension Market Analysis 2024

Hair Wigs and Extensions - Fixing Baldness & Hairlessness

Lifestyle of celebrities across the world influences people in terms of appearances and looks. There is an increasing trend among celebrities to wear hair wigs. Hair wigs and extensions help people to go from bob cut to mermaid-length styling overnight. Hair experimentation has never been easy thing to opt for as wigs offer a wide range of varieties and application. There is an increasing demand for multi-colored and themed wigs due to popular events such as Halloween and cosplays. These wigs and extensions also help conceal thinning, pattern baldness, bald spots, and hair loss.

Wigs and Extensions and Entertainment & Fashion Industry

The application of wigs and extensions is significantly high in entertainment and fashion industry. The wigs and extensions protect real hair from wear and tear and help actors to embrace their characters without inhibitions. The entertainment and fashion industry is expected to become a crucial driver for the wigs and extensions market as the industry drives the highest revenue as well as likely to propel sales among individual consumers by influencing them. This industry contributes over 50% of revenue to the market and accounted for over $3.5 billion in 2018. The production and fashion houses also stock several wigs for actors and models as they often need them for different characters, and runways. The recent trend of celebrities, models, and social media influencers admitting the usage of wigs and extensions is expected to cause ripple effect in the industry and individual consumers.

North America is the largest contributor to the wigs segment with revenue generation of over $1.5 billion in 2018. The segment is likely to grow due to the presence of institutes such as the School of Arts in North Carolina, which offers makeup and wig training courses to students and professionals.

Wigs and Extensions and Individual Consumers

The individual consumers segment includes users that buy wigs and extensions from retailers or salons. Hair wigs dominate in regions such as Africa and Latin America. However, extensions account for a large market share in countries such as the US, the UK, France, and Italy. Consumers with several types of alopecia or hair loss envisage hair wigs and extensions as the products that help them to avoid long and tedious hair treatments. Native Africans and consumers of African descent are recurring buyers of wigs and extensions. Male consumers in Japan are also gravitating toward high-quality wigs, preferably made of human hair, to cover patchy baldness. The individual consumers segment contributed over $2.65 billion in 2018. The increase in the number of people with thinning and bald patches is finding wigs as a cost-effective option, thereby expecting to boost the wigs and extensions market during forecast period.

Nigeria is likely to witness double-digit growth in the wigs and extensions market during the forecast period as grooming has become essential among women as nearly one out of three African women worldwide faces the hair loss challenge.

French women seek “Rapunzel-esque” hair locks. Hence, they resort to extensions made from natural hair. The country is expected to experience a sudden surge in the demand for extensions on account of the shift from only wigs to extensions.

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Fire Detection Equipment Market 2025

Fire Detection Equipment - Keeping Fire at bay

Fires lead to disasters if they aren’t detected and suppressed at the right time. According to the National Fire Prevention Association (NFPA), of 1,319,500 fire cases reported in the US in 2017, 499,000 were building fires, which was an increase of about 5% from 2016. The losses incurred by explosions across the globe accounted for more than $15 billion during the period 2013−2018, Hence, such massive losses have increased the importance of safety equipment in modern residential and commercial buildings.

The fire detection and suppression equipment market is growing at a phenomenal rate due to the increasing importance and adoption of smoke detection devices in manufacturing units, corporate, and residential sectors. Hence, it becomes imperative to detect smoke first and then suppress it. The global fire detection equipment market is dominated by several types of fire detectors. The following are major equipment that helps to extinguish the smoke.

Smoke Detectors: They are designed to provide an early signal about the outbreak. A maximum amount of smoke is produced in the ignition stage, followed by smoldering. Studies have found the high fire intensity generates small smoke particles, while low intensity creates large smoke particles. These particles help smoke detectors to alert people from any potential accidents. The growing number of commercial buildings, coupled with the growth in industrial sites, is likely to be a major driving factor for the growth of smoke detectors globally.

Aspiring Smoke Detectors (ASD): Innovative detectors such as ASD are making the way in the market and are likely to bolster the growth due to highly sophisticated fire detective technology, which uses air suction from the hazardous areas to the chamber and continuously monitors the smoke. These types of detectors are particularly beneficial for warehouses, industrial production units, metro stations, and clean rooms. They are also easy to install and maintain with a long lifespan and can accurately classify airborne particles.

Portable Extinguishers: There are four types of extinguishers, which are filled with CO2, foam, water, and dry chemicals.

  • CO2 Fire Extinguishers are predominately utilized at petroleum, chemical, and gas industries as these devices can nullify the oxygen content.
  • Foam Extinguishers are effective in putting out fires caused by organic materials and flammable materials such as petrol and diesel due to the presence of water content. They are finding high application in industries such as hospitality, education, and healthcare.
  • Water Extinguishers are predominantly used to extinguish fires from wood, paper, and other textiles.
  • Dry Chemical Extinguishers are work by interrupting the chemical reaction happening in the fire. They are not recommended for closed spaces because as they can be inhaled and have harmful side effects. These devices have a wide usage in LPG and chemical industries with large boilers.

Factors driving the growth of fire suppression and detection Equipment

Portable extinguishers offer efficient handling. As they are preferred in residential, commercial, and industrial areas which are expected to witness growth during the forecast period, the demand for fire detection equipment market is likely to gain momentum. Moreover, stringency in fire and safety regulation, which includes the installation of suppressors such as extinguishers in developed and developing regions, is expected to bolster the market in the near future.

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 Prominent Vendors

  • Johnson Controls
  • Honeywell International
  • United Technologies
  • Siemens
  • Schneider Electric
  • Bosch

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Coding and Marking ink market size and end-user

Coding and Marking Ink – Improving Traceability and Preventing Counterfeiting

While the vitality of supply chain management in logistics is undeniable, the ability to track-and-trace products distributed across several channels and end-users is equally important. The coding and marking process involves the imprinting of information and data on products and their packaging to enable an efficient track and trace process throughout the supply chain. These inks are designed to contain variable information such as lot numbers, barcodes, product IDs and also help to prevent products counterfeiting. The coding and marking ink industry has undergone significant evolution. In 1974, Troy’s Marsh Supermarket was the first to scan items with a universal product code (UPC) during checkouts. In the 1980s bar codes were utilized in the groceries and retail sector. More than 80% of leading 500 companies in the US adopted bar codes and scanners in 2004, However, in 2018, scanners became a common sight across retail shops worldwide.

The demand for effective coding and marking products has become essential due to increased productivity in the following industries:

Food & Beverages (F&B): The segment contributed over 48% of revenue share to the coding and marking ink market. The pre-packed snack industry is expected to grow at a tremendous rate worldwide and is characterized by low margins and high volumes. The Gen Z and millennial population are consistently facilitating the launch of organic and healthy food with the sale of organic food in the US crossing $49.6 billion in 2018. The growing sales in this industry have urged governments to perform regulatory checks on packaging material, thereby introducing stringent coding, marking, and labeling.

Healthcare: The healthcare industry is expected to remain a key user for coding and marking solutions owing to the high applicability of several devices and drugs. Government regulations are likely to mandate the use of drug-specific information on pharmacy products worldwide. For instance, in 2013, the US government passed the Drug Quality and Security Act (DQSA), a traceability initiative to develop a national pharmaceutical serialization and the track and trace regulation. This act mandates serialized coding on pharmaceutical packaging from 2017 onwards. The industry generated over $215 million in 2018, hence such initiatives are expected to bolster the coding and marking ink market during the forecast period.

Electrical Equipment & Electronics: This segment is largely driven by rapid technological advancements and innovations. Tracking the products is imperative to maintain marking. Marking prevents the cases of theft, misuse or inappropriate delivery of products. Vendors are offering unique solutions to print letter-quality microcodes (Continuous Ink Jet technology) on a variety of electrical components and substrates such as silicon, metal, plastic, rubber, and fiberglass. This segment contributed over $120 million to the market in 2018 and is projected to grow at a steady pace due to immense growth in the electrical and electronics industry.

The APAC region is the leading contributor to the market as the region hosts one of the most robust manufacturing industries, including automotive, construction, chemicals, defense, and aerospace, which have huge potential for coding and marking ink. The Europe provides significant opportunities for vendors in the coding and marking market. One of the key vendors from the UK frequently innovate and offer a wide variety of laser marking solutions, which are currently in demand across the retail sector in the UK. Technological advancements and innovations are expected to drive the growth in Europe.  The North American region is well developed and has several large multinational companies (MNCs) operating in F&B and pharmaceutical sectors. Stringency in legislation and industry mandates is likely to bolster the coding and marking ink market growth in the region.

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Smart Diapers Market - Smart Diapers for adults

Smart Diapers hold sway in Adult Segment

Although the non-smart diapers market constitutes over 95% share in developed regions, there is a huge potential for smart diapers to disrupt it. These smart diapers have innovative sensors as they can sense urine, faeces, excretion tracking and features such as anti-lost. These help to reduce health challenges arising due to prolonged usage of soiled ones. The rising awareness and adoption among adults and elderly users opens growth avenues for the market in the adult & elderly segment. The high adoption of smart diapers for adults and elderly users is the absence of high concerns regarding electronic sensors and the reduction of stigma in wearing incontinence products.

Smart Diapers for Adults & Elderly

Adult and elderly people contributed over $420 million revenue, which is over 70% of share to the market in 2018. Elderly people who do not have control over their bodily functions such as urination and defecation can use these smart diapers, which alert caretakers. The prolonged use of wet or soiled ones can lead to several health challenges among adult and elderly users. They use integrated sensors, which detect moisture levels and maintain connection over the smartphone of the caretaker to track and monitor the diaper condition of their patients.

  • The proportion of the world’s population over 60 years is likely to reach from 12% to 22% between 2015 and 2050.
  • By 2020, the number of people aged over 60 years is expected to outnumber children younger than 5 years.
  • In 2018, over 33% of the population aged around 60 years and 27% over 65 years in Japan.

In 2018, the elderly population in North America contributed over $140 million to the market, followed by Europe and APAC, which generated over $120 million and $70 million, respectively. The growth rate of smart diapers for adults is expected to cross over 3 times by the end of the forecast period due to increase in the aging population.

Smart Diapers for Children

Nuclear families and working parents are the major end-users of smart diapers as these innovative devices help them during crucial times of child development. Smart diaper sensors can detect the diaper status and alert parents at optimal times to change, thereby eliminating health issues caused due to wearing wet diapers. Their demand highly depends on two factors: fertility rates and the penetration rate. For instance, in Africa, the fertility rate is high, but the penetration rate is low. In North America and Europe, the penetration rate is high; however, over a period of time, the fertility rate has decreased. Hence, manufacturers are expected to develop products depending on the need of people in various regions and increase the sale of their diapers. The segment contributed over $175 million to the market in 2018. However, the increasing per capita disposable income, coupled with an increased access to the internet and growing awareness of real-time alert systems of smart diapers, is likely to drive the segment.

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Global Flexible Packaging Industry Analysis Report 2025

How is Flexible Packaging Industry faring across the World?

Technological advancements and innovations are the two main driving factors responsible for the evolution of consumers products and services. Earlier the aim of packaging was to protect products from damage during transit. However, with advances in packing materials, packaging is now able to cater to diverse needs, which include increasing product shelf life, promoting brands, and abiding by regulations. The application of flexible packaging is growing in food & beverage, healthcare, personal care, and pet food sectors. Packaging is majorly made out of flexible plastic, flexible paper, and foil.

Geographical Overview of Flexible Packaging Industry

APAC: Product differentiation is the key factor in the region, as the industry is highly fragmented. However, there is an increase in demand for food, pharmaceuticals, and industrial secondary/tertiary packing, which is expected to bolster the market during forecast period.

Key Factors Driving the APAC Market

  • Japan is expected to offer immense growth opportunities due to the presence of elderly population. This category of people demands easy to use and ready-to-eat consumables, which can be addressed only through flexible packing.
  • The demand in Australia is likely to come for flexible sachets and stick packs, retort pouches, and microwavable pouches. The flexible packaging industry is expected to be dominated by small and medium enterprises.
  • China has abundant resources of plastic polymers; hence, the manufacturing cost is low. In addition, the availability of economical labor is helping in the growth of the market in the country. China’s GDP grew by 6.9% and per capita disposable income by 7.3% in 2017.

Europe: The packaging industry witnessed the highest consumption of plastics in 2018. The share was 45% in the total plastic production in 2016. The demand for flexible food packaging was estimated at around 4.5 million tons in 2018.

Major Drivers boosting the European Market

  • Poland has emerged as a major production hub for several brands in Western Europe. Aided by domestic consumption, packaged food exports in Western Europe increased 8% YOY, which was at 6.5% in 2017. The low production cost in Poland is expected to emerge as the major factor for the flexible packaging industry in Europe.
  • Portugal and Italy are expected to witness rapid growth in the flexible packaging industry on account of high retail consumption (packaged food).
  • Food and pharmaceutical companies in the UK are likely to drive the market. F&B captured a share of over 60%, while the pharmaceutical industry constituted over 10% of the market in 2018.

North America: Plastic films and resins are the major materials adopted by flexible packaging industries in the region. The leading ten vendors accounted for more than 50% of the market share in 2017 in the US.

Factors increasing growth market of North America

  • Scaling up of tier II brands in the US food industry is expected to bring volumes, while large food corporations are likely to drive advanced packaging and printing demand.
  • Features such as tamper-proof and child-resistant packing are likely to drive the demand from the healthcare industry.
  • The distribution of chemical and pharmaceutical in the US is on the rise. The country is the center of the pharmaceutical industry and is expected to drive the demand.

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