Torque Gauge Market is Anticipated to Reach US$ 12.7 Billion by 2032 | FMI

The torque gauge market is projected to grow from US$ 6.9 Billion in 2022 to US$ 12.7 Billion by 2032, at a compound annual growth rate (CAGR) of 6.3% between 2022 and 2032. As of 2021, the market value of torque gauge was valued at US$ 6.6 Billion, and is forecast to register a Y-o-Y growth rate of 4.5% by 2022.

Torque gauge is a type of measuring instrument used in all manufacturing industries for measurement of torque during a test or during the manufacturing process. Torque gauges are generally used to maintain the quality of the end product so are also known as quality control device.

Some of the key applications of the torque gauge includes laboratory, research & development, quality production in the field environment. These products are having long life span, easy to operate and are highly dependable. The growth of torque gauge market is totally dependent on the industrialization.

Hence, the increasing manufacturing hubs across the globe in order to cater the growing demand is expected to propel the demand for torque gauge in the global market during the forecast period. Moreover, the manufacturers of torque gauges in the global market are highly focused on the product innovation in order to compete with the new vendors in the market.

Therefore, product innovation and development is the key strategy opted by the players in the torque gauge market. Additionally, the market for torque gauge is highly competitive and fragmented owing to the presence of huge number of players in the global market.

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Global Torque Gauge Market: Dynamics

Industrialization is the key driver of the global torque gauge market. The demand for new torque gauges will be created with the rapid establishment of manufacturing units across the globe. Moreover, the advantages offered by torque gauge like in maintaining the quality of the end product is also going to create significant demand for the torque gauges in the future.

Global Torque Gauge Market: Regional Outlook

The global market of torque gauge is expected to be dominated by Asia Pacific region. This can be attributed to the rapid industrialization in the region, mainly due to healthy growing economies of China & India. A torque tester is a quality control device which is mandatorily required in all industries to maintain the quality of work done by them.

Hence, the establishment of new industries and workshops in the countries of Asia Pacific region is projected to create healthy demand for torque gauges in the future. Moreover, the expansion of production facilities of many industries in Europe and North America is also expected to propel the demand for torque gauge from the respective regions.

Furthermore, growing investment in the Middle East & Africa and Latin America region for the establishment of local manufacturing units in the region for low cost manufacturing is also anticipated to drive the market growth in the future.

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Global Torque Gauge Market: Market Participants

In the global market of torque gauges manufacturers are highly engaged in product development in order to capture significant market share. For an instance variety of products have been launched in the market such as wireless torque gauges, battery powered torque gauges, rechargeable torque gauges etc. to compete with the other manufacturers.

Moreover, list of some of the market players engaged in the development and sales of torque gauges are mentioned below:

  • WEBER Schraubautomaten GmbH
  • Crown Oilfield Instrumentation
  • Snap-on Incorporated
  • SUPER TOOL co. ltd.
  • Tohnichi America Corporation
  • Scientific Industries, Inc.
  • IMADA CO.LTD.
  • Mark-10 Corporation
  • OMEGA Engineering
  • Com-Ten Industries
  • IMADA, Incorporated
  • PCE Deutschland GmbH
  • ELECTROMATIC Equip’t Co., Inc
  • Flexible Assembly Systems Inc.

The research report presents a comprehensive assessment of the Torque Gauge market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Torque Gauge market data. It also contains projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to Torque Gauge market segments such as geographies, application, and industry.

The report covers exhaustive analysis on

  • Torque Gauge Market Segments
  • Torque Gauge Market Dynamics
  • Torque Gauge Market Size
  • Torque Gauge Supply & Demand
  • Torque Gauge Current Trends/Issues/Challenges
  • Torque Gauge Competition & Companies involved
  • Torque Gauge Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Torque Gauge market segments and geographies.

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Global Torque Gauge Market: Segmentation

The global market for torque gauges, can be segmented on the basis of product type, mode of operation, application and region.

On the basis of product type, global torque gauge market is segmented as:

  • Hand Held Torque Gauge
  • Table Top Torque Gauge

On the basis of mode of operation, global torque gauge market is segmented as:

  • Mechanical Torque Gauge
  • Digital Torque Gauge

On the basis of application, global torque gauge market is segmented as:

  • Laboratory
  • Industrial/ Field

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Envelope Paper Market is driven by increase in demand for packaging envelopes and mailers

The global envelope paper market, which was estimated to be worth close to US$ 3.1 billion in 2022, is anticipated to expand at a meagre CAGR of 1.6% from 2022 to 2032. The market for envelope paper is predicted to be worth more than US$3.5 billion by the year 2032. The envelope paper market is highly fragmented, with a few of different producers controlling the majority of the market. Additionally, the expansion of domestic envelope paper producers in emerging countries as a result of the rising demand for envelopes has further diversified the market overall.

These significant envelope paper enterprises frequently employ two strategies: building product portfolios and mergers and acquisitions.

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The market for envelope paper – Market Dynamics
The rise in demand for packaging envelopes and mailers, as many web-based e-commerce enterprises require versatile packaging to carry items through the mail for a variety of products, is one of the important aspects that will contribute to the growth of the envelope paper market.

The parcel delivery business, which provides free shipping envelopes to their customers through the providers of overnight services such as Express mail, Federal Express, etc., is another factor contributing to the expansion of the envelope paper market.

Because they are lightweight, take up less storage space, are simple to carry, and are recyclable, envelope paper is a major factor in the market’s expansion and is ideal for environmentally aware consumers.

Envelope paper market – Market Segmentation

The envelope paper market is segmented on the basis of material type, envelope type, size type, and thickness type. On the basis of material type, the envelope paper market is segmented into wood pulp, cotton fiber, paperboard, synthetic substrates and others. On the basis of envelope type, the envelope paper market is segmented into open side envelope and open end envelope.

The open side envelope is where the longest side or top of the envelope is open and the open-end envelope is where the side of the envelope is open. On the basis of size type, the envelope paper market is segmented into a wide range of sizes generally starting around 4*7 to as large as 19*22 in some products. On the basis of thickness type, the envelope paper market is segmented into 80, 90, 100 gsm and others.

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Envelope paper market – Regional Outlook

Geographically, the envelope paper market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. India and China have expected the significant growth in envelope paper market due to some key factors which include growing population, expanding the base of professionals, increasing literacy rates, and government initiatives to improve education sector.

Envelope paper market – Major Players

Some of the major Key players identified across the globe in the envelope paper market are

  • Vatvruksh,
  • Pranita Enterprises,
  • Multi M Enterprises,
  • Cenveo Corporation,
  • L A Envelope Inc.,
  • Om Express Print Pack Private Limited,
  • Ravi Exports,
  • Arora Gifts Private Limited,
  • Rama Pulp and Papers Limited.

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Oxo Biodegradable Bags Market to have an average-paced CAGR of 5.4% during 2022 – 2032

The forecast term is expected to see a CAGR of 5.4% on average for the global oxo-biodegradable bag market. In 2022, the market is expected to be worth US$0.81 billion. By the year 2032, it is expected that the market for oxo-biodegradable bags would reach a high of US$ 1.11 billion. The market for oxo-biodegradable bags is expanding quickly as a result of the adoption of various packaging types across numerous end-use sectors. Oxo-biodegradable bags aid in environmental preservation, thus their use has experienced an exceptional upsurge.

The market for oxo-biodegradable bags is highly fragmented, with several firms vying for the top spots among the others. This presents challenges for manufacturers in the industry.

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Global Oxo Biodegradable Bags Market: Drivers & Restraints

With the growth in environmental concerns, there is a continuous rise in consumer awareness towards the use of eco-friendly products. Thus, the customer preference towards eco-friendly clean substitutes from traditional synthetic products is anticipated to fuel the demand for oxo-biodegradable bags. Also, continuous growth in food & beverage and pharmaceutical industries helps in boosting the demand for oxo-biodegradable bags across the globe.

Manufacturers of oxo-biodegradable bags have also introduced with oxo-biodegradable bags for a variety of market applications in customized sizes and colors. However, the sudden fluctuation in the cost of raw-materials involved in the manufacturing of oxo-biodegradable bags is the restraining factor for the growth of global oxo-biodegradable bags market.

Global Oxo Biodegradable Bags Market: Regional Overview

Geographically, the global oxo biodegradable bags market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). Compared to other regions, the global oxo-biodegradable bags market in the Asia-Pacific region is expected to show an exponential growth over the forecast period.

Rise in urbanization leading increased environmental concerns in the developing economies like India & China is a major reason for switching towards oxo-biodegradable packaging in the Asia-Pacific region. North America and Europe region are the mature markets for oxo-biodegradable bags as a result of to the implementation of strict guidelines and regulations in accordance with environment safety.

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Global Oxo Biodegradable Bags Market: Key Players

Some of the key players that operate in theglobal oxo biodegradable bags market across the globe are

  • Biopac India Corporation Ltd.,
  • Smurfit Kappa Group,
  • Mondi Group,
  • BASF SE,
  • WestRock Company,
  • Georgia-Pacific.,
  • Metabolix, Inc.,
  • Cereplast Inc.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Oxo Biodegradable Bags Market: Segmentation

The global oxo biodegradable bags market is segmented on the basis of product type, material type and end user industry.

On the basis of product type, the global oxo biodegradable bags market is segmented into:

  • Flat Bags
  • T-Shirt Bags
  • Shopping/Carry Bags
  • Trash Bags
  • Gusseted Bags

On the basis of material type, the global oxo biodegradable bags market is segmented into:

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Polyethylene Terephthalate (PET)

On the basis of application type, the global oxo biodegradable bags market is segmented into:

  • Food and Beverage
  • Pharmaceutical
  • Packaging
  • Agriculture and Composting
  • Textile
  • Others

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Silo Bags Market forecasted to registering 6.1% CAGR during the forecast period 2022-2032

Future Market Insights projects that the silo bags market will expand from 2022 to 2032 at a value CAGR of 6.1%. The market is projected to be worth US$ 387 million by 2022’s end and is anticipated to reach US$ 700 million by the end of the forecast period.

Growing Public Awareness of Grains Wasted During Cultivation Driving the Growth of the Silo Bags Market

Due to reduced waste, simple transit and storage, and a consumer trend toward frequent bag usage, packaging is becoming an essential part of modern life. The need for clever packaging options like silo bags is increasing as more people are becoming aware of the grain waste that occurs during agriculture.

Packaging plays an important role in attracting customers towards any product offered by a manufacturers. Apart from that, packaging is also used for protection and bulk material shipping. One such type of packaging is silo bags packaging. Silo bags are 2.4 to 3.6 meter elongated and flexible plastic bags.

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The length of these bags depends on the quantity of material to be stored and the machine used for packing purposes. As the cultivable land is decreasing, the demand for silo bags is gradually increasing. Silo bags are also being used to protect grains from any kinds of external damage.

Silo bags: Market Dynamics

The silo bags market is being driven by the increase in awareness about wastage of grains during cultivation. Grain wastage hampers the overall production of crops. Moreover, the rising population of the world is expected to create huge pressure on the overall production of agricultural crops. Silo bags are useful as they can be used to protect grains and thus, help in meeting increased demand for crops.

The primary function of silo bags is to provide increased protection to the crops as well as to increase their shelf life. Silo bags have monitoring equipment which can be used to trail the quality of any product as well as adjust the temperature. These features are likely to increase the demand for silo bags in the near future.

Silo bags Regional Outlook

In terms of geography, the global Silo bags market has been divided into five key regions — North America, Latin America, Europe, Asia-Pacific and the Middle East. The Asia Pacific region is expected to dominate the silo bags market during the forecast period. The presence of developing economies like China and India will bolster this market.

Also, Australia is expected to have massive impact on the Global Silo bags market as agriculture is one of the most important means of sustenance in the country. It is expected that the Latin America region will witness a decent CAGR by the end of the forecast period.

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Silo bags packaging Market: Key players

Some of the key players in the global Silo bags market are

  • Silo Bag India Pvt. Ltd.,
  • Silo Bags International Limited,
  • The Context Network, LLC,
  • HYPLAST N.V,
  • Grain Bags Canada,
  • The Panama Group,
  • Richiger, and
  • Silo bag grain, etc.

The companies are focusing on launching products in emerging economies where the agriculture sector is very strong.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

Silo bags: Market Segmentation

The global Silo bags market is segmented on the basis of storage and the capacity of the bags.

Based on the storage, the global silo bags market is segmented into:

  • Dry grains
  • Wet grains
  • Rolled/crushed grains
  • Forages
  • Fertilizer
  • Dried fruits
  • Wood chips
  • Others

Based on the capacity of bags, the global silo bags market is segmented into:

  • Upto 200 mt
  • Above 200 mt

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Environmental Test Chambers Market is Estimated to be Valued at US$ 880 Mn in 2022

The environmental test chambers market is projected to be valued at US$ 880 Mn in 2022 and is anticipated to reach US$ 1.2 Bn by 2032, growing at a CAGR of 3%.

Environmental test chambers have evolved from simple analog chambers controlled by dials to advanced digital chambers controlled by programmable controllers, and these new trends in the environmental test chambers market are the primary reasons propelling the sales of environmental test chambers.

As per the FMI’s latest report on environmental test chambers market, constant technological improvements and tight regulatory criteria are expected to boost the growth of the environmental test chambers market.

Due to the need to ensure optimal quality of end-use products and monitor the effects of various climatic stress factors, the demand for environmental test chambers is continuously expanding.

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These environmental test chambers have advanced substantially in recent years, thanks to improved technology and newer refrigerants. As a result, the demand for environmental test chambers is expected to significantly increase during the projection period.

Furthermore, over the years, environmental test chamber manufacturers have focused on developing better, bigger, and faster chambers capable of completing testing on a wide range of products. During the years 2022-2032, this aspect is expected to drive market sales of environmental test chambers even further.

Additionally, in the current environmental test chambers market outlook, shorter product lifecycles and frequently changing testing needs are the key restraints of the industry, which are limiting the environmental test chambers market’s growth.

KEY TAKEAWAYS:

  • With a CAGR of 3.2 percent, the temperature and humidity chambers segment is expected to have the largest market share by 2032.
  • The market for environmental test chambers in the automotive industry is expected to grow at a CAGR of 3.2 percent by 2032.
  • With a CAGR of 2.8 percent, the US market is expected to maintain its dominance in the global environmental test chambers market.
  • Asia Pacific is predicted to account for a moderate revenue share of the target market, followed by Europe.
  • United Kingdom environmental test chambers market is projected to grow at an average momentum with a CAGR of 1.7%.
  • China is predicted to hold a sizeable environmental test chambers market share with a CAGR of 2.3 percent.
  • Japan environmental test chambers market is anticipated to grow at a CAGR of 1.4% during the forecast period.
  • South Korea market for environmental test chambers is projected to rise at a slowest pace with a CAGR of 0.7% during the forecast period.

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COMPETITIVE LANDSCAPE:

In the environmental test chambers market, acquisitions and partnerships & collaborations were two inorganic growth strategies used. These measures have cleared the way for market participants to expand their client base and revenue.

Key players in the environmental test chambers market are likely to benefit from favourable growth prospects in the future, thanks to rising sales of environmental test chambers in the global sector.

Some of the environmental test chambers market players profiled in the FMI’s report are ESPEC, Thermotron Industries, Weiss Technik UK, Binder GmbH, and Cincinnati Sub-Zero Products Inc.

Recent Developments in the Environmental Test Chambers Market

  • In June 2018, Binder introduced the BINDER cell and module test chambers for ageing and performance testing.
  • In July 2021, Weiss Technik announced that their Danfoss AKV electronic expansion valves for use in environment test chambers had passed their tests.
  • One of the leading manufacturers just released Binder Climatic Simulation and Photostability Test Chambers.
  • Memmert debuted two temperature control appliances at ACHEMA 2018 that employ climate-neutral CO2 as the refrigerant (R744).
  • QUALMARK CORPORATION (US), which manufactures, sells, and maintains HALT & HASS environmental test chambers, was acquired by ESPEC CORPORATION (Japan) in January 2016.

Segments:

By Type:

  • Temperature and humidity chambers
  • Customized chambers
  • Thermal shock chambers
  • Others  (AGREE chambers, altitude chambers, HALT and HASS chambers, sand and dust chambers; salt and spray chambers; and remote conditioners)

By Application:

  • Aerospace and defence
  • Automotive
  • Telecommunications and electronics
  • Medical and pharmaceuticals
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:                    

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Perforated Packaging Market is expected to flourish at a CAGR of 5% from 2022 to 2032

The perforated packaging market is anticipated to grow at a CAGR of 5% from 2022 to 2032, according to Future Market Insights. The market for perforated packaging is anticipated to reach a value of US$ 24.8 billion by the conclusion of the current fiscal year. The report estimates that by 2032, the industry would have a total market value of US$ 40.39 billion. The food and beverage sector has been developing quickly. Consumers may now purchase food items with more ease thanks to packaging innovation and various package sizes.

Although it is simpler for customers to choose from a variety of products, manufacturers and retail store owners are now concerned about the waste generated by food stores.

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Perforated Packaging Market- Market Dynamics

Perforated packaging market has reflected vertical upward growth over past three years, on the backdrop of upsurge processed and packaged food demand approximately 30%, 40% and 80% in Europe, India, and the US respectively. The demand for processed and packaged food can be attributed to rapidly changing lifestyle, urbanization as well as increasing disposable income among the middle-class families.

Moreover, other high impact drivers for the growth of perforated packaging market are increasing the number of modern retail format and the use of e-commerce for procuring consumable items. The global growth rate for modern retail format and e-commerce is anticipated to be around 5% and 8% respectively.

The need of protecting the fresh produce, to have effective packaging and to increase the shelf life of the product is also fuelling the perforated packaging market. There are few constraints such as the inability of perforated packaging to protect its product efficiently from the chemicals and physical damages.

Market for Perforated Packaging – Regional Outlook
Latin America, Europe, North America, Asia-Pacific excluding Japan (APEJ), and the Middle East & Africa make up the regional perforated packaging market (MEA). The market for perforated packaging is anticipated to expand steadily between 2016 and 2024. Because processed meat and packaged foods are highly consumed in North America, the perforated packaging market is anticipated to grow rapidly throughout the forecast period.

Government initiatives that discourage the widespread use of plastics are expected to cause a slowdown in the demand for perforated packaging in Eastern and Western Europe. Due to the quickly altering regional lifestyle, the APEJ region is also anticipated to experience strong growth in the perforated packaging market throughout the forecast period.

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Perforated Packaging Market – Key Players

Some key players in the perforated packaging market are

  • Amcor Limited,
  • Now Plastics,
  • Helion Industries,
  • Amerplast,
  • ULTRAPERF,
  • Ajover S.A.,
  • A-ROO Company LLC,
  • 3M Company,
  • LaserSharp FlexPak Services,

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

Perforated Packaging Market- Market Segmentation

The perforated packaging market can be segmented by the size of the perforation, material used, the product formed, manufacturing technology used and application.

Based on the Perforation size the perforated packaging market can be segmented into:

  • Micro perforation
  • Macro perforation

Based on the use of material the perforated packaging market can be segmented into:

  • Low-density polyethylene
  • Polypropylene
  • Perforated tarpaulin

Based on the product formed the perforated packaging market can be segmented into:

  • Woven sacks bags
  • Liner bags
  • Bopp film
  • Anti-bacterial BOPP film

Based on the manufacturing technology used the perforated packaging market can be segmented into:

  • Laser perforated films
  • Punched hole films

Based on the application, the perforated packaging market can be segmented into:

  • Bakery & Confectionery Products
  • Produce grain
  • Produce vegetable
  • Produce fruits
  • Dried fruits
  • Other food products

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Global Silage Bags Market is likely to be valued at US$ 558 Million in 2022

The market for silage bags will likely reach US$ 558 million in 2022 and grow at a CAGR of 4.9% from 2022 to 2032, according to estimates. By 2032, Future Market Insights projects that the market for silo bags will be worth US$ 900.27 Million.

For decades, silage or silo bags have been popular in the agricultural industry for storing grain products like corn, wheat, barley, soybeans, and sunflower seeds as well as fresh feed for cattle. Due to their capacity to provide safety against spills and rat threat at the warehouse, they are an excellent choice for grain storage.

Silage bags were initially developed to help farmers store and keep fodder or animal feed. Although forage is the most cost-effective form of animal nutrition, it is not available all year. In order to tackle this problem, silage bags were thought to be the most cost-effective way to conserve feed throughout the crucial time of the year. These bags were quickly referred to as “grain bags” because they were perfect for medium-scale grain storage.

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Nearly one-third of all food produced each year is lost or spoils before it can be eaten, according to the World Food Program USA. At harvest time, millions of people in low-income nations experience food waste.

Silage Bags Market: Dynamics

Silage bags market is expected to witness hike in terms of demand due to its convenient storage qualities. Silage bags are used for the storage of agricultural products like food grains, crops, etc. apart from feed and fodder. The increasing demand of the agricultural products and reduction in the production of the feed and fodder crops is expected to fuel the demand for silage bags market.

The attributes of silage bags that are support its demand includes low cost investment, minimum space requirement, ease of handling, etc.

Regions with high agricultural activities like India and Australia have increasing preference for silage bags for easy and safe techniques for the storage of their farm products.

Silage Bags Market: Region Wise Outlook

On the basis of geographical regions, the silage bags market is divided into following regions: North America, Latin America, Europe, Asia Pacific and Middle East.

Asia’s large and growing population coupled with rising incomes and a rapidly growing middle class is expected to drive the demand for silage bags market. Silage bag market is therefore anticipated to be dominated by Asia Pacific region during the forecast period. The world’s growing economy like India and China is also expected to boost the silage bags market in the coming years.

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Silage Bags Market: Key Players

The key players in the silage bags market includes

  • RKW groups (Germany),
  • Silo Bags International limited (China),
  • Silo Bags India (India),
  • Flex Pack (Holland),
  • Silo bag grain (Australia),
  • Grain Bags Canada (Canada),
  • The Panama Group (India),
  • Ipesa – Rio Chico S.A. (Argentina), etc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

Silage Bags Market – Segmentation

The silage bags market can be segmented as following:

Based on capacity, the silage bags market is segmented into:

  • Small : 100 to 140 tons
  • Large : 150 to 200 tons
  • Very large : 210 to 250 tons

Based on grain types, the silage bags market is segmented into:

  • Dry grains
  • Wet grains
  • Crushed grains
  • Dried fruits

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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UV Stabilized Films Market is expected to surpass US$ 46.8 Bn by 2029

The market for UV stabilised films worldwide is anticipated to grow from a worth of US$ 32.7 billion in 2022 to US$ 46.8 billion by the end of 2029, expanding at a CAGR of 5.1% throughout that time. In 2021, sales of UV-stabilized films held a 19% market share worldwide. Sales of UV-stabilized films are anticipated to increase in the upcoming years due to increasing demand from end-use sectors other than packaging.

Demand Analysis of UV Stabilized Films (2014 to 2021) Vs Market Predictions (2022 to 2029)

The world population has increased exponentially over the past few years and so has the demand for food items, which has subsequently driven demand for UV stabilized films. UV stabilization plays a crucial role in agriculture as it protects food and agricultural produce from harmful radiation that could destroy nutrition or affect it in an adverse manner.

Shipments of UV stabilized films rose at a CAGR of 4.1% from 2014 to 2021. Rising investments in the agricultural industry, increase in the use of UV stabilized films in greenhouses, rise in consumption of packaged foods, changing packaging trends and technologies, growing awareness about the ill-effects of UV radiation, expansion of businesses in emerging economies, etc., are some major factors that are drive consumption of UV stabilized films on a global level.

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Competitive Environment
In order to increase their market income potential, UV stabilised film producers are concentrating on development operations including mergers and acquisitions. As the scope of application in numerous end-use sectors broadens, investments are also being made in research and development of new and sophisticated goods.

  • Evonik announced the release of their new isononanol-based plasticizer in January 2022. It offers UV resistance and low temperature flexibility. ELATUR DINCD, a novel plasticizer, is appropriate for use in both interior and exterior applications.
  • A Saudi Arabian company that manufactures chemicals called Sabic announced the introduction of its new line of automotive grade resins in September 2021. The other two resins are Xenoy T2NX5230 and Sabic T2E-3320EH, and the third resin is a UV-stabilized combination of polycarbonate and PET called Xenoy T2NX2500UV.

Key Companies Profiled

  • Uflex Ltd.
  • Mitsubishi Polyester Film Inc.
  • Toray Plastics (America). Inc.
  • DuPont Teijin Films U.S. Limited
  • Polyplex Corporation Ltd.
  • Teraphane LLC
  • Toyobo Co. Ltd.
  • Ester Industries Ltd.
  • RKW SE
  • Sigma Stretch Film Corp.
  • Coveme Spa
  • Kolon Industries Inc.
  • Elif Plastik Amb.San.Tic.A.

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Key Segments of UV Stabilized Films Industry Survey

UV Stabilized Films Market by Product Type:

  • Optical Films
    • Retardation Films
    • TAC Films
  • Adhesive Films
    • Diffuser Films
    • Anti-reflection Films
    • Dicing Films
    • Pressure-sensitive Films
  • Conductive Films
    • Anisotropic
    • Transparent
  • Others

UV Stabilized Films Market by Material:

  • Plastic UV Stabilized Films
    • PET
    • PVC
    • PE
    • Others (PC, PP)
  • Metal UV Stabilized Films
    • Aluminium
    • Steel

UV Stabilized Films Market by Thickness:

  • Up to 20 Micron UV Stabilized Films
  • 20 to 40 Micron UV Stabilized Films
  • 40 to 50 Micron UV Stabilized Films
  • 50 Micron & Above UV Stabilized Films

UV Stabilized Films Market by Technology:

  • Adhesion Lamination
  • Co-extrusion Coating/Lamination

UV Stabilized Films Market by Application:

  • UV Stabilized Films for Printing
  • UV Stabilized Films for Lamination
  • UV Stabilized Films for Industrial Use
    • Fiber Reinforced Panels
    • Greenhouse Films
    • Electrical Insulation
  • UV Stabilized Films for Packaging
    • Outdoor Labels
    • Wrapping Films

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Viscometers Market is Projected to Grow at a 6.9% CAGR in 2031 | FMI

The viscometer market is projected  to reach US$ 300.4 million in 2021, growing at a CAGR of 6.9% between 2021 and 2031.

According to Future Market Insights (FMI), the global viscometer market is expected to rise due to the continued expansion of process industries such as chemicals, oil, and lubricants, and the resulting increased demand for viscosity tests. Following the outbreak of COVID-19, sales of viscometers dropped during the FQ-20 due to the cessation of manufacturing activities as a result of supply-chain disruptions caused by the pandemic.

Despite marginal decrease in sales, the market is set to register impressive year-on-year growth at 6.4% CAGR in 2021. The increasing demand from research, testing and certification agencies has improved viscometer market growth. Also, recovery of production across various industries, including petroleum, food & beverages, and others will aid the market growth over the coming years.

Backed by these factors, the global market will surpass US$ 587.3 Mn, reaching a shipment of 51,000 units through 2031, estimates FMI. .

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Key Takeaways of Viscometer Market Study

  • Within the industrial segment, the food & beverages industry is expected to be the primary end-user, accounting for over 18% of volume sold through 2031.
  • In terms of sales channel, online sales channel will be the most preferred type, contributing nearly 56.7% of global revenue.
  • Based on equipment type, capillary viscometer is expected to hold potential share of the global viscometer market whereas vibrational viscometer and falling ball viscometer is projected to expand with the higher growth throughout the forecast period.
  • The U.S. and Germany are expected to hold dominance over the North America and Europe market, holding potential share of 69.2% and 30.4%, respectively.
  • India, Mexico, and GCC countries are anticipated to expand with substantial growth rate over the forecast period.

 “Increasing application of viscometer as a primary tool for quality control and to address new product formulation across industries will continue to improve sales. With increasing adoption of viscometer in testing and certification agencies, demand in the market will continue to rise through the forecast period,” says a Future Market Insights analyst.

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Competitive Landscape

The global viscometer market is considered to be moderately consolidated, with leading players accounting for nearly 3/5th of the market share. Penetration of small regional players will result in intense competition.

AMETEK Inc., Anton Paar GmbH, A&D Company, TA Instruments, Goettfert GmbH, Fann Instrument, Freeman Technology, Brabender GmbH, Cannon Instrument Company, Lamy Rheology Instruments, and Shanghai Nirun Intelligent Technology Co., Ltd among others are some of the leading players.

These players are adopting inorganic growth strategies such as partnerships, research & development activities, collaborations, acquisitions, technological advancements and innovations in order to capture a larger share in the market and strengthen their market presence.

Market Projection

During the forecast period, the global viscometer market is expected to be an optimistic market owing to increasing deployment of automation in various manufacturing procedures as well as increasing investments of manufacturers in research & development.

Manufacturers are highly investing in research & development for product advancement to meet the industry standards and regulatory framework sanctioned by government. This in turn, is driving the growth of viscometer market globally.

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Viscometer Market by Category

By Equipment Type:

  • Orifice Viscometer
  • Capillary Viscometer
  • Falling Piston Viscometer
  • Rotational Viscometer
  • Falling Ball Viscometer
  • Vibrational Viscometer

By Sales Channel:

  • Offline
  • Online

By End User:

  • Industrial
    • Pharmaceutical
    • Industrial Oils and Lubricants
    • Paints & Coating
    • Food & Beverages
    • Petrochemicals
    • Cosmetics
    • Polymers & Rubber
    • Others (Research & Academician and Building & Construction Materials)
  • Testing & certification Agencies

By Region:

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

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Global Straw Market is projected to register a CAGR of 5.9% during 2022-2029

The global straw market stands at a net worth of US$ 18.1 Billion in 2022 and is predicted to rise at a CAGR of 5.9% over the forecast period to attain a valuation of US$ 28 Billion by 2029. This growth can be attributed to the following factors:

  • Smart packaging solutions that use disposable straws for their non-biodegradable nature
  • Available in various shapes, sizes, and colors
  • Highly preferred by the food industry to maintain the hygiene levels of their service.

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Paper has been witnessing solid rise in demand as an eco-friendly, sustainable alternative to single use plastic, which indicates a massive opportunity for paper straws in the near future. Currently, plastic straws and paper straws collectively account for the most of global market revenues.

Key Takeaways – Straw Market Study

  • Plastic straws are the most common trash item found in ocean. To overcome this and decrease the consumption of plastic straws, various manufacturers are offering recyclable, reusable, and compostable straws
  • Increasing number of bars and lounges, restaurants, and quick service restaurants is intensifying consumption of straws
  • Brand owners are investing in marketing and branding of products, which are expected to gain consumers’ attention
  • Straw manufacturers are collaborating to produce custom-made straws with logos and taglines for marketing as well as branding
  • To eliminate the usage of single-use plastic straws, foodservice companies and brand owners such as McDonald’s and Starbucks are using paper and bio-based straws

Foodservices will raise the bar for the Straw Market
Future Market Insights predicts that this market for materials would be dominated by the food service sector. It is anticipated that it would maintain its dominance during the foreseeable time due to the implementation of ecologically friendly alternatives for single-use disposable items to do away with plastic straws. Due to growing environmental awareness and an increase in the number of single-use plastic product bans in the food service industry, it is projected that the market for paper straws will grow dramatically over the next years.

The shift in consumer preferences from offline to online sales channels within the food service industry is anticipated to promote growth in the straw market.

Competitive Landscape

Manufacturers in the straw market are adopting a collaboration strategy to expand their global reach. Leading players are offering a wide range of options for straw consumers, such as collapsible straws, biodegradable straws, recyclable straws, reusable straws, and straw (hay) straws.

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Collaborations and Joint Ventures

  • Stora Enso Oy, a leading player in the packaging industry, and Sulapac Oy, a cosmetic packaging solution provider, formed a collaboration to create a renewable straw – ‘Sulapac Straw’.

Key Companies Profiled

  • Hoffmaster Group Inc.
  • Tetra Pak International S.A.
  • Hay Straws
  • Stora Enso Oy
  • FinalStraw
  • Bio Agave
  • Aardvark Straws
  • Absolute Custom Extrusions
  • Southeastern Liquid Analyzers
  • Klean Kanteen

Key Segments of Straw Industry Research

By Product:

  • Plastic Straws
  • Bamboo Straws
  • Metal Straws
  • Paper Straws
  • Glass Straws
  • Silicone Straws
  • Others

By Straw Length:

  • <9 cm Straws
  • 9-15 cm Straws
  • 16-20 cm Straws
  • >20 cm Straws

By Sales Channel:

  • Straw Manufacturers
  • Straw Distributors
  • Straw Retailers
  • E-retail of Straws

By End Use:

  • Foodservice
  • Institutional
  • Households

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage

2.2. Market Definition

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports