Future Market Insights (FMI) in its latest report projects that the global vehicle analytics market will stand at around US$ 2,370 Mn by the end of 2022, reflecting an above-average CAGR. The report finds that the rapid adoption of vehicle analytics is partly owing to demand for greater travel convenience, especially from passengers in cities. Also, the …
Category Archives: Press Release
Navigating the Global Guar Gum Market: Anticipated Surge to US$ 1.3 Billion by 2026
The guar gum market is expected to increase at a 2.8% CAGR through 2026, reaching US$ 1.3 billion. Guar gum is widely used in industries such as oil and gas, cosmetics, and pharmaceuticals, in addition to food. It is used in pharmaceutical tablets and capsules as a binder, disintegrant, and controlled-release component. Guar gum is a thickening, emulsifying, and stabilising …
Eco-Friendly Grazing: Organic Lamb Market Projected to Reach US$ 6.34 Billion by 2032
As per the report published by FMI, the global organic lamb market is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the market is US$ 3.71 Billion in 2022. The market value of organic lamb is anticipated to reach a high of US$ 6.34 Billion by the year 2032. …
Display Controllers Market to Surge, Expected to Reach US$ 70.96 Billion by 2033
In 2022, the market for display controllers generated US$27,500 million in sales. The market for display controllers is anticipated to grow at a CAGR of 9% from 2023 to 2033, reaching US$ 70,961 million. Nearly 6.0% of the world’s display market is made up of display controllers. Due to the ongoing advancements in display technology, the market …
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Wrapping for Success: The Stretch Wrapper Market Reaches US$ 462.5 Million in 2024, Fueled by Pharmaceutical and Food & Beverage Industries
The stretch wrapper market is poised for substantial growth, with an estimated valuation of US$ 462.5 million in 2024, projected to surpass US$ 825.5 million by 2034. A pivotal driver is the escalating demand for sustainable packaging solutions globally, propelling the market throughout the forecast period. The pharmaceutical sector’s increasing reliance on pallet wrapping presents …
Permeate Market Expansion: Anticipated to Achieve US$ 1,705.85 Million by 2033 with a Robust CAGR of 6.8%
The permeate market is predicted to be worth US$885.25 million in 2023 and US$1,705.85 million by 2033. Permeate sales are predicted to grow at a strong CAGR of 6.8% during the forecast period. A variety of factors have influenced the global permeates market, all of which have a direct impact on market growth. Rising demand for prebiotics driving revenue generation in the …
Fiber to the Home Providers Compete for Consumers with Blazing-fast Internet Speed. FMI Predicts the Global Market to set a CAGR of 15.1% by 2033.
The Fiber to the Home (FTTH) Market is predicted to be worth US$ 23.42 billion in 2023 and rise to US$ 95.88 billion by 2033. The global industry was expanding at a CAGR of 15.1% from 2023to 2023. The connected device market is expanding daily, and the technology sector is aiming to create new goods …
Hydrolysed Vegetable Protein Market Insight: Projected to Reach US$ 2,886.0 Million by 2033
The Hydrolyzed Vegetable Protein market is set for substantial growth, aiming to reach a projected value of around US$ 2,886.0 million by 2033, with an impressive value-based CAGR of approximately 7.2% from 2023. The dominance of top players, accounting for about 36.3% in 2022, signifies a competitive landscape driving innovation and market expansion. Hydrolyzed vegetable protein has a multitude of …
E-commerce Resilience: Multilayer Flexible Packaging Adapts for the Future, Projected to Hit US$ 252.4 Billion by 2033
The multilayer flexible packaging market is expected to be valued at US$ 170.5 billion in 2023. By 2033, the market is projected to be worth US$ 252.4 billion. During the projection period from 2023 to 2033, the market is estimated to record a CAGR of 4%. There is a tremendous push toward sustainable packaging alternatives as environmental awareness grows. Multilayer flexible …
Dairy Alternatives Market Revolution: Poised to Surpass US$ 47.1 Billion by 2033 with a Strong CAGR of 8.3%
The dairy alternatives market was worth US$ 21.2 billion in 2023 and is expected to grow to US$ 47.1 billion by 2033, with an 8.3% CAGR from 2023 to 2033. The better nutritional value and functional profile of plant-based dairy substitutes are predicted to be a key growth driver for the industry forecast. Nondairy beverages are regarded to be lower in nutrients than …