Market Research Blog – Page 10262 – New Product Development

Customisation And Personalisation In Travel Market is Estimated to Reach US$ 620.71 Mn in 2032

The customisation and personalisation in travel market is anticipated to a CAGR of 17.8% (2022-2032), reaching a value US$ 620.71 Mn by 2032. As per FMI Analysts, the global customisation and personalisation in travel market is estimated to be valued at US$ 126.56 Million in 2022

Millennial travellers are suave and are always in search of something special during their business or leisure tours. They are smart, well researched, very clear about their priorities and needs and are eager to shell out any money to gain a comfortable travel experience. The scope and relevance of a travel marketer are massive in the modern tourism market.

The trend of customisation and personalisation in travel marketing is slowly but steadily emerging in the market. A properly planned tour with significant inputs can change the entire travel experience for a tourist. The use and accumulation of travel data has changed the face of the travel industry and given it a new dimension.

New travel portals have created a virtual corridor for travellers leading them into a better and bigger arena of the travel world. A host of travel tools are now in use and many of the leading travel agents around the world are using these tools for customisation and personalisation in travel marketing.

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Personalised and customised travel marketing holds the key to success for key stakeholders in the travel industry. Modern day customers are shifting towards tailor-made and customised travel packages. Emails are a passé in the evolving travel industry. Travel companies are using advanced tools to promote their offerings.

To woo a new lot of travellers companies are rehashing their travel marketing strategies by collating in-depth information about a particular traveler and sending out professional and customised emails by gauging the exact choice of the customer.

Most of the travel companies are using high-end marketing tools to segregate customer information and are then scripting personalised mails and newsletters to ignite the interest of the tourists about a specific tour package.

Social media platforms are playing a pivotal role in changing the canvas of customised and personalised travel marketing. Several travellers around the globe are using social media platforms to complete their pre-travel research.

Customisation And Personalisation In Travel Marketing: Game Changers

Factors such as emergence of millennial travellers and travel-friendly economies across the globe are acting as a key component in the development of customisation and personalisation in travel marketing.

The massive digital wave that eroded the entire travel industry has created a ground of benefits for customised and personalised travel marketing. The mushrooming of new travel destinations across the globe is also expediting the need for personalised and customised travel marketing.

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Customisation And Personalisation In Travel Marketing: Restraints

A massive population of tourists across the world are still dependent on conventional ways of travelling. The pool of aged travellers is still shunning modern and customised travel marketing as they are ignorant to new technologies.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

Key Segments Profiled in the Customisation and personalisation in Travel Market

By Service Type:

In-flight personalization
Cruise lines personalization
Adventure Travel
In-hotel personalization
Other personalization

By Mode of Booking:

OTA Platform
Offline

By Age Group:

Millennial
Generation X
Baby Boomers
Others

By Purpose:

Leisure
Business

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Tech Savvy Hotel Chains Market is Expected to Reach at a US$ 220 Bn by 2032

The global tech savvy hotel chains market to be appraised at US$ 53.5 billion in 2022, likely to reach US$ 220 billion by 2032 with a CAGR of 15% during the forecast period (2022-2032).

Hotel chains around the world are fast adopting the technological advancements that are crawling into the fast changing global hospitality scenario. Over the last few decades, several renowned brands of the hotel industry have successfully inducted technology into their daily operational flowchart. The long-term bonhomie has impacted the overall growth of the industry. Over the years the service levels in several plush hotels have surged due to the able use of technology.

The new breed of smart hoteliers is promoting digitisation to slash the recurring costs and also to table some of the state-of-the-art services to their elite customers through the best possible use of technology. Not only big properties, smaller players of the hospitality segment are also infusing effective technologies to enhance industry standards.

Tech-savvy hotel chains are slowly but steadily mushrooming around the world. The tech-savvy hotel chains are reaping the benefits of the technology and digital boom. Mass digitisation has created a huge platform for tech-savvy hotels. Proper use of technology has not only changed the brand image in the market, but it has also enhanced the global customer outreach. Social media is a powerful podium to share opinion and views and it also helps gauge the market behaviour to a large extent.

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Tech Savvy Hotel Chains: Game Changers

The proper incorporation of technology will have multiple effects on the demography of the fast changing hospitality industry according to market experts. In the last few years, the entire climate of the hotel industry has changed. The technological revolution has impacted the revenue outcome, successfully created a safer ambience for the boarders and also pulled up the service levels.

The technological advancement is the need of the hour. After a long haul, the hotel and hospitality industry has limped back to normalcy with the help of advanced technology. The massive IT boom around the world impactedthe upsurge of multiple tech savvy hotel chains across the world.

To survive in the competitive hospitality market, the incorporation of technology is a necessity. Tech-savvy hotel chains are earning an edge over the competitors as they are collecting more accolades from their customers and they are also slowly building a robust list of loyal customers for them with passing time.

The emergence of a huge pool of tech-savvy customers is also creating a massive opportunity for tech savvy hotel chains. Today’s customers are smart and they want fast and convenient services. To woo this massive base spread across the globe hotel chains are fast changing their existing strategies and doling out tech savvy measures to stay afloat in the market. In the last few years, several hotels across the globe have become the scapegoat of some of the deadliest terror attacks.

Tech Savvy Hotel Chains: Restraints

The organic growth of tech savvy hotel chains is blocked by the surging cost of hotel friendly technologies. Most of the medium level hotel chains cannot afford costly technological makeovers. The dearth of skilled manpower to handle technology is also plummeting the growth of tech savvy hotel chains.

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Tech Savvy Hotel Chains: Bigwigs

There are several apps and advanced technologies which are presently dominating the hospitality segment. Radisson iConcierge app, LodgeNet service by Hotel Duval is equipped with 23-inch ICE (Interactive Customer Service), Hyatt Regency offers a gamut tech-savvy services to their customers. ARIA, Las Vegas is another hotel chain which provides some distinctive services to its customers.

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Surfing Tourism Market – United States has the Largest Market for Surfing Tourism

The global surfing tourism market hold a forecasted share of US$ 9.5 billion in 2022 and are expected to surpass US$ 17 billion by 2032, moving forward with a CAGR of 6% during the forecast period (2022-2032).

Being a great cardiovascular exercise, the demand for surfing tourism is surging. Since this sport needs excessive paddling which turns out to be a good core workout, offering surfers intense upper body exercise.

With an impeccable growing rate, surfing has become a prominent action sport in the world and emerged as one of the most progressive tourism industries in the world, positively influencing the surfing tourism market outlook.

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Key Takeaways

The option of surfing tourism is on the surge as it is considered a great stress reliever and a fun activity which helps in reducing the negative effects of stress.
The increasing inclination of many health-conscious enthusiasts towards participating in surfing has been attributed to the surging demand for surfing tourism.
While surfing the body gets in touch with sunlight delivering adequate vitamin D along with regulating the amount of calcium and phosphorus in the body. Backed by such health benefits surfing tourism market is witnessing exponential growth.
According to several medical studies, surfing also helps in improving the quality of sleep, reducing mental stress, and reshaping the seep cycle which is expected to drive growth in the surfing tourism market.
As per several medical studies, salt water is a natural healer of injuries and frequent contact with sea water can aid in the prevention of injuries both on and off the surfboard, catering to the growing demand for surfing tourism.
The United States has the largest market for surfing tourism, greatly contributing to the growing share of North America which is predicted to hold 20% of the surfing tourism market share.

Competitive Landscape

AGIT Global North America, Inc., AJW Surfboard Boardriders, Inc., Body Glove, BruSurf, CANNIBAL SURFBOARDS, Channel Islands Surfboards, Firewire Surfboards, LLC, Global Surf Industries, Globe International Limited, Gul Watersports Ltd., Harbour Surfboards, Hydenshapes, Infinity Surfboards Inc., JS Industries, Keeper Sports Products, LLC, Mt Woodgee Surfboards, Naish International NSP International, O’Neill, Rip Curl International Pty Ltd., Rusty Surfboards, Tahe Outdoors Ltd., Volcom, LLC are some of the key companies profiled in the full version of the report.

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More Insights into the Surfing Tourism Market

Some of the popular surfing destinations across the globe include Ulu Watu in Bali, Playa Grande in Costa Rica, Bundoran in Ireland, Jeffreys Bay in South Africa, Huntington Beach in California, and Bondi Beach in Sydney, Taghazout in Morocco, Arugam Bay in Sri Lanka and Biarritz, France. These places are anticipated to surge market growth immensely in near future.

The U.S. is anticipated to dominate the North American region by contributing approx. 20% in the global surfing tourism market.

The surfing tourism market trends and forecast is likely to be fueled by several surf parks in the United States that use artificial wave technologies.

Countries like New Zealand and Australia are expected to drive lucrative growth in the global surfing tourism market by contributing 33% of the market share during the forecast period.

The Surfing Federation of India, which organizes various events throughout the year, is hosting the Indian Open of Surfing 2022, which is expected to augur well for the Asia-Pacific surfing tourism market share.

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Wildlife Tourism Market is Estimated to Grow at Robust 5% CAGR during 2022-2032

The wildlife tourism market is expected to reach US$ 219.9 Billion in 2032 and US$ 135 Billion in 2022 . Grow at robust 5% CAGR during 2022-2032

Wildlife tourism – or observing wild animals in their own habitat – is a critical part of the tourism industry in Australia, America, Africa, Canada, Indonesia, Maldives and Sri Lanka.

Wildlife tourism includes interaction with wildlife in the form of photographing and watching animals in their very own habitat from a long distance. Wildlife tourism comes under the category of adventure tourism while supporting the core values of nature conservation and eco-tourism.

Wildlife Tourism: Positive and Negative Impact

During the visit to wildlife destinations, tourists contribute to the improvement and conservation of the conditions of wild animals. Wildlife tourism also improves the life of the local tribes, as when tourism flourishes, they get opportunities of improved livelihood. Continuous flow of tourists keep the poachers away from killing endangered species of animals. When tourists visit wildlife sanctuaries certain amount of entrance fee is charged from them.

This money is directed towards animal conservation programmes. However there are some negative impacts too. The disturbance is always high when tourists approach the wildlife very closely to take photos. Also, the breeding patterns of animals may also get disturbed due to constant pressure of tourists to take photographs of animals with their young ones.

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Wildlife Tourism: Drivers

As the entry fee charged from tourists is invested in the conservation of animals, more and more tourists are willing to re-visit wildlife sanctuaries and are ready to pay extra as entry fees, just to ensure animal life conservation. In addition to merely watching animals, tourists are also aware of the various fauna and flora species, which attracts them to wildlife tourism, which is consequently driving the growth of the wildlife tourism sector.

Lot of infrastructural development in and nearby wildlife sanctuaries such as hotels, guest houses and eco-tourism villages and jungles are also attracting a large number of tourists. So now tourists not only visit national parks and wildlife sanctuaries to see animals but also for relaxation which they get by being away from the hustle and bustle of city life. Due to better infrastructural development movie shootings also take place in nearby areas which attract local travellers and this fuels the growth of wildlife tourism.

Many schools arrange trips in wildlife sanctuaries to introduce students to the flora and fauna in sanctuaries. Besides, wildlife photographers who keep visiting the sanctuaries also create robust development in the sector of wildlife tourism. Many wildlife sanctuaries are famous for tigers. Ranthambore wildlife sanctuary and Kanha National Park in India are among the few sanctuaries where tourists can get very close to tigers.

Many tourists frequently visit these sanctuaries just to see tigers and this is boosting the global wildlife tourism sector.

Famous Wildlife Sanctuaries Across the World

Lone Pine Koala Sanctuary in Brisbane, Australia, Chengdu Moonbear Rescue Centre in China, Noah’s Ark in Georgia, USA, Corbett National Park in Uttarakhand, India are some of the famous wildlife sanctuaries across the globe.

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Key Segments Profiled in the Wildlife Tourism Market

By Wildlife Tour Types:

Forest Wildlife Tours
Marine Wildlife Tours

By Age Group:

15.25 Years
26-35 Years
36-45 Years
46-55 Years
66- 75 Years

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveler
Tour Group
Package Traveler

By Consumer Orientation:

Men
Women
Children

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

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Turkey Medical Tourism Market is Anticipated to Grow at a CAGR of 5% in 2032 | FMI

The turkey medical tourism market which is valued at around US$ 3.5 billion in 2022, is anticipated to grow at a CAGR of 5%, and is expected to be valuated at nearly US$ 7.6 billion in 2032.

Turkey is fast becoming one of the major destinations for medical tourism dueto the low treatment prices as compared to other nations. A secure and safe environment, established hospitals, skilled doctors and right climate conditions are some of the factors that determine the potential of a medical tourism destination.

There are two unique and imperative explanations behind individuals who travel abroad for medical purposes – high treatment costs in native country and seeking better nature of medicines. Turkey is known for its historical, cultural and natural beauty that attracts tourists to visit the country. Turkey comes first in the minds of patients who look for both medical treatment and holidays at the same time.

Turkey is known to be one of the best health care destinations because it provides world class certified staff, good hospitals and a tourist friendly environment. Some of the major treatments offered by well-known hospitals in Turkey include plastic surgery, dental treatment, cosmetic surgery, electric surgery, hair transplants, in-vitro fertilisation, eye surgery, cardiology and cardiovascular surgery, orthopaedics and traumatology.

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Medical Tourism in Turkey: Trends and Analysis of Key Drivers

Medical tourism in Turkey offers a complete package including medical care, spas, thermal, and wellness services along with accommodation in luxury hotels. Turkey medical tourism offers one-stop administration that includes treatment duration, sorting out meetings with health care professionals and booking convenience etc.

The global financial crisis has played a significant role in increasing influx of medical tourists to Turkey due to the low-cost medical procedures and vacations in the country. Demand for cosmetic surgeries such as facial implants, skin resurfacing, nose, ear, eyelid and tummy tuck surgery, hip replacement, liposuction, breast lift, breast augmentation, breast reduction and chemical peel are increasing in Turkey due to the rise in the cost of such surgeries in Europe and North America.

High-quality medical care is available at reasonably low prices in Turkey. People prefer to go for medical treatments to Turkey, because of the highly skilled staff and doctors in private hospitals and clinics. Advanced medical technologies such as Cyberknife, Vinci surgery robot, real beam, PETCT, IGRT, MRI, and Gamma knife is used efficiently by private hospitals and clinics in Turkey and some hospitals are affiliated with the top U.S health institutions such as Harvard Medical School and John Hopkins Medicine.

The cost of many treatments is half in Turkey as compared to Western Europe and the U.S. Some of the hospitals that provide world class facilities and best treatment in Turkey include Anadolu Medical Center, Bayindir Hastaneleri Hospital and Guven Hospital. Further, Turkey has introduced tax-free health care zones with the main focus of attracting foreign medical tourists.

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Medical Tourism in Turkey: Restraints

However, medical tourists visiting Turkey find it difficult to communicate with locals and health care professionals at the time of their visit. People find it difficult to get the necessary information about good hospitals and skilled medical professionals and more legal framework and complex processes are involved here. Medical tourism facilitators enable the foreign travellers to overcome these challenges and act as a representative of the tourists in the destination throughout the treatment process.

Medical Tourism in Turkey: Top Cities

The three top most cities known for their health care facilities in Turkey are Istanbul, Ankara, and Izmir, offering one-stop services to a large number of patients coming from other countries beginning from the day of meeting with the health care professional to the day of departure.

Key Segments Profiled in the Turkey Medical Tourism Market Survey

By Booking Channel:

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46-55 years
56-65 years
66-75 years

By Tour type:

Independent traveller
Tour Group
Package Traveller

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Growlers Market is expected to reach US$ 541.4 Mn in 2022 | Future Market Insights, Inc.

The market for growlers is likely to generate global sales of US$ 635 million by the end of 2028, up from an estimated US$ 541 million in 2022. Over the forecasted period, sales are expected to rise at a 2.7% CAGR. The market for growlers accounts for 1%–3% of the US$148 billion (2021) worldwide beverage packaging market.

Almost half of the growlers sold worldwide, or nearly 50%, are thought to be constructed of ceramic, per the FMI analysis. Growlers with a 64-ounce capacity are expected to generate total sales of $250 million in 2022 and 290 million in 2028.

Beer Consumption Patterns Are Evolving, Dictating Demand Growth of Growlers

Top alcohol markets such as the US have been moving towards premium beer in recent years, with similar adoption in high-growth emerging markets. For instance, the penetration of premium beer brands has increased 3-4% above valued and mainstream brands, which has impacted the growlers market positively. Simultaneously, the number of independent microbreweries in the US, Germany, and other major economies is also increasing, which is another factor driving the growlers market.

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However, markets such as Australia and other Oceanic countries, have witnessed a decline in sales of beer, mostly due to changes in consumption pattern and shift in consumer preference towards other alcoholic beverages. Despite the tough competition faced by beer from different alcoholic beverages, the rise in beer consumption in developing economies such as South Africa, Mexico, and India, is expected to drive the growth of the growlers market during the forecast period.

The primary factors driving the growth of growlers market is the changing consumer demand to experience a large variety of taste and flavors. Moreover, governments in various countries (Oregon being one of the pioneers) are promoting the use of growlers to promote safe storage of alcoholic beverages.

Craft Beer Trending More in Developing Economies

The beer market in emerging economies is largely taken over by the craft beer manufacturers. China is the largest market for beer by volume, accounting for a quarter of the total market share. Therefore, providing an impetus to the growlers market. The consumer trend in China and India is shifting from mass industrial beers to more refined craft beers, which propels the growlers market in the region. The demand for growlers in China and India has significantly increased over the last few years, with both, the rise of local craft breweries and the arrival of a growing number of foreign brands.

Competitive Landscape

Key market players across global growlers market are focusing upon providing a unique finish to their growlers, along with that planning international expansion through acquisition and collaboration with globally renowned beverage makers:-

In November 2021, Ardagh Group S.A. acquired Consol Holdings Proprietary Limited, which is a leading producer of glass packaging in African continent.
In April 2021, Alpha Packaging acquires Boxmore Plastics as part of the plan for European expansion.

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Growlers Market By Category

By Material:

Plastic Growlers
Glass Growlers
Metal Growlers
Ceramic Growlers

By Capacity:

32 Ounce (Oz)
64 Ounce (Oz)
128 Ounce (Oz)

By Application:

Non-alcoholic
Alcoholic
- Beer
- Wines
- Others

By Sales Channel:

Offline
- Breweries
- Hypermarket
- Convenience Stores
Online

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Market Analysis

1.3. 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 Trends

4. Key Success Factors

4.1. Product Adoption Analysis

4.2. Product USPs / Features

Returnable Transport Packaging Market is expected to rise by 2031 | Future Market Insights, Inc.

According to FMI, the returnable transport packaging market generated US$24 billion in revenue in 2020. Between 2021 and 2031, the whole global market is anticipated to see a CAGR of 4.8%. The top 3 suppliers will collectively account for 15-20% of the global sales of returnable transport packaging in 2021 as the demand for returnable transport packaging will increase.

Returnable transport packaging includes IBC, pallets, crates, layer pads, drums, and dunnage bags which can be re-used. This packaging solution provides safe and secure transportation of goods and helps in reducing the carbon footprint as the same product can be re-used for transportation of another goods.

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Also, it helps in refining the supply chain as it is a reverse logistic system. These factors have encouraged the use of returnable transport packaging in various industries such as building & construction, food & beverage, chemical, retail, logistics, and others.

Returnable transport packaging is available in different materials such as metal, paper, plastic, and wood as per the requirement of end users. It offers clean and organized packaging solution as it reduces and eliminates the mess created by one-way packaging such as trash, dust, and others.

It also helps in building a brand reputation as it indicates that the company is adopting sustainable packaging solutions. On the back of these factors, the demand for returnable transport packaging is anticipated to grow during the foreseeable period.

Future Market Insights forecasts that the increasing trade activities along with the rising demand for re-useable and sustainable packaging solutions are projected to create growth opportunities for returnable transport packaging market.

Key Takeaways from Returnable Transport Packaging Market

By product type, the IBC segment followed by the pallets segment is anticipated to remain the most lucrative, accounting for approximately 70% of the market share in the next five years.
Based on material type, the cost-effective and lightweight feature will aid dominance of the plastic segment. It will account for around 69% of the market share in 2021.
By end use industry, food & beverage segment followed by chemical segment is estimated to remain dominant. Both industries will collectively account for nearly 80% of the market share in 2021.
China will spearhead growth in East Asia while demand in North America will be driven by sales in the U.S.
Germany will lead sales in Europe, trailed by the U.K.

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“The increasing trade flow across various regions will propel the demand for returnable transport packaging to reduce the cost as well as reduce carbon footprint. Implementation of stringent environmental protection regulations will encourage use of returnable transport packaging as a viable packaging solution in transportation & logistics,” says a FMI analyst.

Focus on Sustainability fuelling Demand for Returnable Transport Packaging

Returnable transport packaging is gaining popularity among the various industries due to the increasing need for safe, secure, environmentally friendly, cost-effective, and lightweight packaging solutions.

These packaging solutions can be reused which helps in addressing the sustainability concern as it helps in reducing the waste created by one-way packaging along with reducing the carbon footprint.

It helps in minimizing the use of raw materials, energy consumption, and wastage. Also, the returnable transport packaging solutions adhere to government regulations to support environmental sustainability.

The returnable transport packaging also contributes towards lowering the production cost which has created buzz among various industries. Moreover, the industries can save huge cost, which they normally incurred on disposing of packaging material. Overall, the increasing demand for sustainable, cost-effective and secure packaging solutions among the various end users will bolster the demand for returnable transport packaging.

Returnable Transport Packaging Market Competitive Landscape

Brambles Limited, Greif, Inc.,
Mauser Packaging Solutions,
DS Smith Plc., and
Schuetz GmbH & Co. KGaA

are the top players operating in the target market. Furthermore,

Time Technoplast Ltd.,
Schoeller Allibert Services B.V,

and others are also noticeable players in the market. The Tier 1 players in the market hold 10-15% in the global market for returnable transport packaging.

Décor Paper Market is expected to surpass US$ 6 Bn by 2027 | Future Market Insights, Inc.

Worldwide sales of décor paper are currently valued at US$ 4.6 Bn. Rising at a CAGR of 5.5% from 2022 to 2027, the global décor paper market is expected to attain a valuation of US$ 6 Bn by the end of 2027. Demand for décor paper accounts for 9% share of the global flexible paper packaging market.

Home decorating paper is anticipated to see high demand, driving the overall home décor industry, as consumer preferences change across the world.Lifestyle trends have evolved massively over the past years, and this has changed the home décor industry in multiple aspects. Use of décor paper, décor glass, décor polystyrene, etc., has substantially increased in recent years as the preference for luxury furniture has increased on a global scale.

What Opportunities Could Décor Paper Manufacturers Cash In On?

“Rapid Urbanization & Changing Consumer Preferences to Boost Demand for Furniture Decor Paper”

Urbanization has increased substantially across the world and this factor has had a substantial effect on sales of décor paper. Increasing demand for visually appealing products has been propelled by increasing urbanization and changing lifestyle trends on a global scale. Framed paper flower wall décor and home decorating paper is expected to see high demand as the population adopts a better and more luxurious lifestyle.

Increasing opportunities in the home décor industry have led to many new players entering the market to capitalize on these opportunities. Especially, demand from emerging economies such as India is expected to be notable.

For instance, in November 2021, Ekta Kapoor, an Indian television producer, partnered with Roposo to launch a new home décor brand named ‘EK’. The brand is focused on bringing Indian culture to all households and giving local artisans and craftsmen a platform to promote their work.

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Which Regional Markets Should Décor Paper Manufacturers Focus On?

“Increasing Per Capita Disposable Income to Propel Demand for Furniture Décor Paper in Asian Countries”

Décor paper market metrics for regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) have been provided in detail in this updated FMI study.

Décor paper consumption in North America is expected to have a significant contribution to global market revenue. At present, the décor paper industry in North America holds a market share of 25.1% of the global industry landscape. Increasing demand for luxury furniture is expected to majorly influence market potential in the region.

Competitive Landscape

Décor paper manufacturers are investing in manufacturing products with better aesthetic qualities and textures to meet increasing demand from the luxury furniture industry. Décor paper companies are also focusing on mergers & acquisitions to bolster their market presence across regions.

In November 2020, Koehler Paper Group, a leading name in the specialty paper industry based in Germany, announced the acquisition of Beaver Paper & Graphic Media Inc. The acquired company is known for its sublimation media and its business is spread across 51 countries across the world.

Key Segments Of Décor Paper Industry Survey

Décor Paper Market by Product Type :

Absorbent Kraft Paper
Print Base Paper
Other Decor Paper

Décor Paper Market by End Use :

Décor Paper for Furniture & Cabinets
Décor Paper for Flooring
Décor Paper for Panelling
Décor Paper for Store Fixtures

Décor Paper Market by Application :

Low-Pressure Laminates
High-Pressure Laminates
Edge Banding Paper

Décor Paper Market by Weight :

Décor Paper Less Than 65 GSM
Décor Paper 65-80 GSM
Décor Paper 81-100 GSM
Décor Paper Above 100 GSM

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Table of Content

Chapter 1 Global Decor Paper Market – Executive Summary

Chapter 2 Global Decor Paper Market Overview

2.1 Introduction

2.1.1 Global Decor Paper Market Taxonomy

2.1.2 Global Decor Paper Market Definition

2.2 Global Decor Paper Market Size (US$ Mn & Volume) and Forecast, 2013-2027

2.2.1 Global Decor Paper Market Y-o-Y Growth

2.3 Global Decor Paper Market Dynamics

2.3.1 Drivers

2.3.2 Restraints

2.3.3 Opportunities

2.3.4 Trends

2.4 Porter’s Analysis

2.5 Value Chain

2.6 Pricing Analysis

2.7 Global Furniture Industry Outlook

Elastic Laminates Market is slated to grow on a remarkable note between 2022 and 2028 at a CAGR of 5.4%

Global sales of elastic laminates market will cross a US$ 6 billion mark in 2022, with an increase by 5.4% over 2028. A new FMI study on global elastic laminates forecasts robust adoption of elastic laminates by manufacturers of personal hygiene products, who currently hold almost 85% share. While baby diapers remain the most sought after application of elastic laminates, the share of feminine hygiene products is also expanding at a rapid pace.

Incontinence products continue to present significant investment opportunities to manufacturers of elastic laminates. Elevating rate of chronic disease prevalence, especially urological conditions, is prominently accounting for significant demand growth of incontinence products. Furthermore, increasing incorporation of elastic laminates in medical products such as medical tapes is extending an increasing share of revenue to the global elastic laminates market, says the report.

Addressing relative temperature and humidity within hygiene and incontinence products has been a longstanding challenge for manufacturers, which continues to harness research interests of some of the leading elastic laminates manufacturers. Companies are thus experimenting with design materials for elastic laminates. Non-woven webs and breathable films are currently being perceived as a potential solution to effectively tackle humidity related issues associated with elastic laminates, predominantly used for incontinence and hygiene products. Merries Disposable Diaper, one of the first to introduce a baby diaper with almost 40% superior breathability feature, continues to focus on breathable material innovations.

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List of Key Players Covered in Elastic Laminates Market are:

Golden Phoenix Fiberwebs, Inc.
Pantex International S.p.A.
Neos Italia Srl
Mondi Group plc
Berry Global Group, Inc.
Exxon Mobil Corp
Tredegar Corporation
Schweitzer-Mauduit International, Inc.
Kraton Corporation
Aplix S.A.

Driven by easy availability and economic price point, propylene will remain a preferred choice of material among manufacturers of elastic laminates. However, manufacturing elastic laminates using elastomers that are based on ethylene, polyethylene terephthalate, and styrene-block copolymers has been emerging as a popular trend since the recent past.

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Technological advances targeting development of low-priced high-performance hygiene products are cited as an important demand determinant pushing performance of elastic laminates market. Manufacturers of hygiene and incontinence products are focusing on introducing products that are based on sustainable material-based elastic laminates. According to the report, a rapid shift to recyclable and bio-based materials is driving strategic developments of a number of companies investing active R&D efforts in promoting biodegradable elastic laminates in the market.

Preview Analysis of Elastic Laminates Market Segmented by (Material type – ethylene-based elastomers, propylene-based elastomers, Styrene-block copolymers & others; Structure – elastic strand-based, elastic film-based, elastic netting-based, and elastic nonwovens-based; Applications – hygiene, medical & other;)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2028

In a fairly fragmented landscape of global elastic laminates market, merely 20-25% of the total revenue belongs to five leading players, including Berry Global Group, Inc., Tredegar Corporation, Kraton Corporation, Schweitzer-Mauduit International, Inc., and Exxon Mobil Corp.

While top companies maintain their strategic focus on M&A and new product launches, production capacity expansion will remain the most prominent move, says the report. Berry Global Group, Inc. recently announced the expansion of their production capacity in North America, backed by heavy investments in Spinlace technology used in manufacturing of elastic laminates.

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Schweitzer-Mauduit International, Inc. augmented the processing capacity of polypropylene-based non-wovens and netting products. Aplix S.A., Golden Phoenix Fiberwebs, Inc., Pantex International S.p.A., Neos Italia Srl, and Mondi Group plc among others will represent a larger collective share in the elastic laminates market value. Regional expansion and new launches will drive strategic growth of these players competing in elastic laminates market.

The report forecasts a healthy CAGR of 5.6% for global elastic laminates market value over 2018-2028. For more exclusive insights on other aspects associated with performance of elastic laminates landscape

Key Segments Covered In Elastic Laminates Industry Research

Elastic Laminates Market by Material Type:

Ethylene-based Elastomers
Propylene-based Elastomers
Styrene-block Copolymers
Others (PET-based)

Elastic Laminates Market by Structure:

Elastic Strand Based
Elastic Film Based
Elastic Netting based
Elastic Nonwovens Based

Elastic Laminates Market by Application:

Medical
Hygiene
Other Applications

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Deblistering Machines Market is expected to reach US$ 158.3 Mn in 2022

As per Future Market Insights (FMI), the deblistering machines market will reach a valuation of US$ 158.3 Mn by 2022. The rapidly growing scope for automation and machinery in the global pharmaceutical industry with the objective of reaching manufacturing targets is a primary factor propelling the sales of deblistering machines.

Deblistering machines are available in automated and semi-automated variants, which are largely used to recover and remove tablets and capsules from blister packs without degrading and affecting the quality of medicines. The consistently rising demand for deblistering machines among pharma and contract manufacturers and recyclers for keeping up with the massive volume of drug packaging has strengthened growth prospects to a significant extent.

These machines possess excellent deblistering speed and have the ability to work with a wide range of blister packaging formats including push-through, child-resistant, and peelable blisters. FMI predicts that the demand for deblistering machines will be relatively strong owing to factors such as the rising production of blister packaging and oral dosage formats such as tablets and capsules. The market is projected to rise at a CAGR of approximately 4.8% through the end of 2031.

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Key Takeaways from Deblistering Machines Market

Automatic deblistering machines are projected account for more than 70% of the overall market share driven by higher operational speed.

40 to 80 BPM machines will remain dominant in the market, while the over 80 BPM machines are estimated to reflect faster growth with an incremental opportunity of US$ ~ 24.3 Mn.

With the frequent use of deblistering machines in the pharma sector, the U.S. market is expected to expand by more than1.5 times.

Manufacturers are capitalizing on opportunities across lucrative markets such as India and China.

Expansion of healthcare sector will spur y-o-y growth in the U.K. at 2.8% in 2021.

“The rise in production of medicinal drugs, especially those requiring oral dosages such as tablets and capsules has created lucrative opportunities for deblistering machine manufacturers to maximize their sales. Rising emphasis on safe and secure removal of medicinal tablets and capsules with high-precision deblistering processes is anticipated to redefine the market growth,” says FMI analyst.

Launch of Technologically Advanced Deblistering Machines Augment Sales

Deblistering machines are widely considered as the most efficient way of deblistering the tablet and capsules from blisters, owing to minimal error rates, easy and safe removal of drugs, with exceptional deblistering speed. In recent years, the popularity of deblistering machines has touched new heights on the back of its ability to deblister a variety of blister card types.

Technological advancement associated with deblistering machines is one of the pivotal factors that fuels the demand for deblistering machines in the market. Additional key benefits of deblistering machines such as automatic feed and user interface with fault indicators, heavy-duty design, variable speed as per blister speed, and several others attract a substantial portion of manufacturers in the market.

Furthermore, manufacturers from the pharmaceutical sector are aggressively automating their production processes to reduce labor costs. This growing adoption of automated deblistering machines from the manufacturers is likely to strengthen market growth during the foreseeable future.

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Impact of COVID-19 on Deblistering Machines Market

The global crisis of the COVID-19 pandemic has had a moderate impact on the sales of deblistering machines in the global market. Lack of supply in terms of raw components owing to restrictions on manufacturing activities has halted the short-term growth.

Lockdown in prominent regions such as Europe, South & East Asia, and North America has induced considerable impact on the manufacturing of deblistering machines. Besides this, the pandemic has created a massive demand for oral dosage form drugs including tablets and capsules.

Deblistering Machines Market Landscape

Omnicell, Inc,
Uhlmann Pac-Systeme GmbH & Co. KG,
ACG Worldwide Private Limited

are the top players operating in the deblistering machines market. Furthermore,

RBP Bauer GmbH,
Jornen Machinery Co., Ltd,
Sepha Limited,
Stripfoil Deblistering Technology,
Elmach Packages India Pvt. Ltd

are also the noticeable players in the deblistering machines market.

The Tier 3 players in the market hold 65-70% in the global deblistering machines market. In conclusion, key players contribute almost 30-35% of the global market. Leading players in the industry are increasingly focused on investments into product development to expand portfolios, consolidating overall market position.

Key Segments Covered in Deblistering Machines Industry Research

Automation:

Automatic
Semi-Automatic
Manual

Operating Speed:

Up to 40 BPM
40 to 80 BPM
Above 80 BPM

End Use:

Pharmaceutical Manufacturers
Pharmacies
Hospitals & Clinical Laboratories
Medical Waste Recyclers
Contract Manufacturers

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