Video Event Data Recorder Market is Expected to Increase at a CAGR of 6.9% by 2026 – Exclusive Report by FMI

Future Market Insights analyses the global video event data recorder market for a 5-year forecast period, 2016-2026. According to a recent market outlook report, “Video Event Data Recorder (VEDR) Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” the US$ 1.64 Bn market is likely to reach beyond US$ 3.2 Bn by the end of 2026.

The global video event data recorder (VEDR) market was valued at nearly US$ 1,500 Mn in 2015 and is projected to reach approximately US$ 3,500 Mn by 2026. Sales revenue is expected to increase at a CAGR of 6.9% during the assessment period (2016–2026).

This growth is attributed to rising awareness and adoption of vehicle safety technologies, government regulations and motor vehicle safety standards and benefits such as detailed data capture capabilities offered by VEDR devices.

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In the global VEDR market report, Future Market Insights provides detailed information on market definition and segmentation analysis, market dynamics and key insights, and competition assessment and key company profiles.

The overall market outlook remains positive and the compound annual growth rate is estimated at 6.9% over the decade. Although market growth will be healthy by 2021 end, it will experience a slight decline in terms of CAGR in the second half of the assessed period.

Key research findings:

Motor vehicle safety standards will continue to fuel the sales of technologies pertaining to vehicle safety In addition to growing cognisance and adoption of vehicle safety measures, burgeoning automotive investments are also anticipated to favour VEDR market growth Growing inclination of OEMs and drivers toward digitisation will push the market further With technological advancements, various cost-effective products are being developed.

Several manufacturers are also emphasising integration of smart software An increasing number of VEDR manufacturers are strategically investing in order to capitalise on opportunities offered by commercial fleets such as cabs/rental fleets/taxis globally

Key player insights:

The global market for video event data recorder is predominantly governed by the top five players in the competitive landscape. Digital Ally Inc., WatchGuard Video, Omnitracs LLC, Rosco Inc., and Safety Vision LLC collectively account for roughly 85% market revenues. A few other notable players include Convoy Technologies, OCTOCAM Srl, and L-3 Mobile-Vision, Inc.

Key metrics incorporated in the report 

CAGR for the various segments across key regions assessed Year-on-Year (YoY) growth rate for the different segments growth to understand the predictability of the market and to identify the right opportunities across the global video event data recorder market Basis Point Share (BPS) analysis to understand individual segments’ relative contribution to market growth and hence identify the key trends governing the global video event data recorder market Absolute dollar opportunity analysis of all key market segments to assess the level of opportunity that providers can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global video event data recorder market

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Market Segmentation

By Type of Data Storage:

  • Flash Card
  • Cloud Data Storage

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

By End User:

  • Law & Enforcement Agencies (LEAs)
  • Commercial Fleet

By Sales Channel:

  • Auto OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Middle East and Africa (MEA)
  • Japan

About Us

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:

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Storage Area Network (SAN) Market is Expected to Expand at a CAGR of 3.9% to Reach US$ 26,867 Mn from 2022 to 2032 – Exclusive Report by Future Market Insights, Inc.

The worldwide Storage-Area Network (SAN) market is set to partake in a valuation of US$ 19,576 Mn in 2021, and further extend at a CAGR of 3.9% to arrive at US$ 26,867 Mn constantly 2029. SAN market is represented around 7% of worldwide cutting edge information storage market.

The market for storage area networks (SANs) is expected to increase as a result of the rising need for data recovery capabilities across a number of industries, including IT & telecom, BFSI, and healthcare. The key income generators for the storage area network market will continue to be the banking, financial services and insurance (BFSI), IT, and telecom industries. The simultaneous running of cluster and master apps is made possible by a SAN and load balancing. Business-critical applications, such banking systems, frequently adopt this setup.
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Key Takeaways of Storage Area Network Market Study

  • During the forecast period, North America is anticipated to account for a sizable portion of the global storage area network market.
  • Among all technologies, Fiber Channel (FC) is anticipated to account for a sizeable portion of the worldwide SAN market over the forecast period.
  • During the projection period, it is predicted that the hardware sector will continue to have a sizable market share in the global storage area network market. This is because SANs use high-performance Fiber Channel I/O and are made up of many hardware elements.
  • An excellent CAGR is predicted for the need for hyperscale server SAN. However, it is anticipated that over the projection period, enterprise server SAN would continue to retain a sizable market position in the global storage area network market.

Increasing Demand for Efficient Data Backup Management to Propel Sales

The conventional method of data backup involves a number of LAN-based backup and restore operations, which are frequently sluggish and have a negative influence on the overall effectiveness of the process. In contrast, data transfers effortlessly across the SAN to tape devices in a server-less data backup system (SAN method) since it does not use vital server I/O or CPU resources. Over the ensuing years, this element is anticipated to fuel the worldwide storage area network market’s expansion..

More Valuable Insights on Storage Area Network Market

With historical data from 2014 to 2021 and projections for the years 2022 to 2029, Future Market Insights provides an unbiased study of the worldwide storage area network market. For the purpose of analysing the market’s opportunities, the SAN market has been divided into seven key regions based on component (Hardware, Software, and Services), SAN type (Hypercscale Server SAN and Enterprise Server SAN), technology (Fibre Channel (FC), Fibre Channel Over Ethernet (FCOE), InfiniBand, and iSCSI Protocol), and vertical (BFSI, IT & Telecom, Energy & Utility, Government, Military & Defense, Healthcare, Manufacturing,

Competitive landscape

Many key players in SAN market are focusing on investing heavily on innovation, research, and development practices to offer different solution for various industry applications. For enhancing the presence, customer base and solution offering market players are undergoing various strategies such as partnerships, collaborations as well as acquisitions.

  • For instance, in December 2019, DataCore Software Corporation introduced vFiIO that uses software-defined storage technology to enable data to be stored, organized and managed not only independently of the underlying hardware, but also independently of the access method.

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SAN Market Outlook by CategoryBy Component :

  • Hardware
  • Software
  • Services

By SAN Type :

  • Hypercscale Server SAN
  • Enterprise Server SAN

By Technology :

  • Fibre Channel (FC)
  • Fibre Channel Over Ethernet (FCOE)
  • InfiniBand
  • iSCSI Protocol

By Vertical :

  • BFSI
  • IT & Telecom
  • Energy & Utility
  • Government
  • Military & Defense
  • Healthcare
  • Manufacturing
  • Retail & e-Commerce
  • Others

Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA
  • GCC Countries

About Us

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 7-years.

Contact:

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Suite 401, Newark, 
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Residential Robotic Vacuum Cleaner Market is Projected to Reach the Valuation of US$ 15,709 Million from 2022 to 2032

The global residential robotic vacuum cleaner market is expected to bolster throughout the estimation period from 2022 to 2032 with an impressive CAGR of 14.6%. The global market is anticipated to hold revenue of US$ 4034.5 Million in 2022 and cross a valuation of US$ 15,709 Million by 2032.

As per the historic forecast ranging from 2017 to 2021, the global residential robotic vacuum cleaner market is expected to register a robust CAGR of 10.6% between 2017 and 2021, valued at 3551 million in 2021.

As per the FMI’s study on the residential robotic vacuum cleaner market, it has been shown that the demand for robotic vacuum cleaners has significantly risen due to the emergence of advanced technology and efficient cleaning.

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The robotic vacuum is also known as Robovacs, which comprises intelligent sensors and various other advanced features in order to ensure a clean and tidy household. Attributing to the growing urban households has increased the sales of residential robotic vacuum cleaners.

The Covid-19 pandemic has fueled the demand for residential robotic vacuum cleaners due to people being restricted to their houses and working from home. The end users have also become more aware of the importance of hygiene and cleanliness due to surging covid-19 cases. Because of the pandemic, people are now more concerned about their lung health since several covid patients have undergone severe conditions post-infection, fueling the demand for residential robotic vacuum cleaners.

Key Takeaways

  • Owing to the rising awareness about hygiene post-Covid-19 outbreak combined with rising pollution levels and higher density of dust particles in the air has fueled the sales of the residential robotic vacuum cleaner.
  • According to various research, it is predicted that the future of the residential robotic vacuum cleaner market looks fruitful. This is possible because of the emergence of the latest sensor technology combined with the automation of indoor services. These factors are expected to surge growth in the market in the future.
  • Growing urban settlements paired with sluggish lifestyles have led people across urban areas to adopt residential robotic vacuum cleaners. In addition to that, high-tech features and robotics under the industries 4.0 go well with the need for convenient lifestyle shifts and are gaining traction in the market, fueling the sales of residential robotic vacuum cleaners.
  • The demand for better air quality is yet another reason responsible to push sales in the market. Global health concerns such as air pollution are taken into consideration by people in the higher or upper-middle-class strata. In order to prevent these diseases, new experiments and innovative research has been done. Residential robotic vacuum cleaners are one such example.
  • The rising prevalence of the quality of indoor air has been given recently due to improving lifestyles in developing regions, busier daily schedules, and lack of time for household chores are identified to be the key factors that will continue to create the demand for residential robotic vacuum cleaners. Furthermore, surging disposable incomes in dual-income houses are immensely contributing to the sales of vacuum cleaners across the globe.

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Competitive Landscape

Prominent market players are focusing on innovating their products. Due to the higher competition in the market, new start-ups are drastically opting for problem-solving skills with the help of artificial intelligence platforms while simultaneously enhancing the performance of these cleaners through Nanotechnology.

  • LG has launched its new CordZero ThinQ Robotic Vacuum Cleaner that has built-in intelligence analyzers that remembers the details of your space for more efficient and effective cleaning.
  • Robert Basch GmbH has introduced its highly efficient robotic vacuum cleaner, Roxxter which travels in meanders and is fully autonomous. This makes it the smart robot vacuum amongst other key players.

More Insights into the Residential Robotic Vacuum Cleaner Market

The European market is predicted to hold the maximum market share owing to the higher income levels in European countries combined with changing climate and rising pollution levels in Europe.

The Asia Pacific region is anticipated to create lucrative opportunities for the global residential robotic vacuum cleaner market attributed to the hike in pollution levels in these countries. Over the past few years, countries like India and Japan have witnessed rising cases of lung diseases such as asthma and other allergies due to the increased number of dust particles in the air are fueling the sales of residential robotic vacuum cleaners in the region.

Indian market is also set to exhibit phenomenal growth in the global residential robotic vacuum cleaner market landscape with the highest CAGR of 20.8% between 2022 and 2032 while Japan thrives at a significant CAGR of 11.2%.

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Key Segments

Based on robot type, into:

  • In-house robot
  • Outdoor robot

Based on mode of charging, into:

  • Manual charging
  • Auto battery charging

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Us

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:

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
For Media Enquiries: press@futuremarketinsights.com
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Spigot End Cap Market to cross US$ 66.21 Bn by 2032., Says Future Market Insights

The spigot end cap market is projected to grow at a CAGR of 6.5% over the forecast period, from a value of US$35.27 billion in 2022 to US$66.21 billion by 2032.

Spigot end cap sales are anticipated to increase as a result of quick urbanisation, rising middle-class discretionary income, and growing private and public investment. Additionally, the durable and corrosion-resistant end use of spigot end caps for building and construction is driving up demand for them. Over the forecast period, this aspect is anticipated to enhance the spigot end cap market.

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The fact that spigot end caps require less maintenance after being employed in a protective application is another factor boosting sales. The market share for spigot end caps is also growing as a result of the rising demand for spigot end cap piping solutions in irrigation.

The growing need for safe packaging solutions for spigot end caps in the building and construction sector is also anticipated to offer potential opportunities for the spigot end cap market. Additionally, strict plastic consumption restrictions are predicted to hinder spigot end cap sales for the duration of the forecast period.

What are the Key Drivers to the Spigot End Cap Market Share?

The demand for spigot end cap strong and durable solutions for building and construction applications, such as spigot end cap, has grown in recent years. The sales of spigot end cap is growing as manufacturers are now producing protective packaging solutions like spigot end caps based on consumer needs. Another factor propelling the demand for spigot end caps is that they can be used in traditional packaging applications such as bottles, pipes, and so on.

The demand for spigot end cap is rising as they are gaining popularity in multiple end use industries. Spigot end cap are also used on packaging for building and construction applications, automobile spare parts, electronic appliances, consumer products, and other applications. As a result, the sales of spigot end cap is projected to grow rapidly during the forecast period. Furthermore, the demand for spigot end cap is growing as it cost-effective closing solution which aids in boosting the safety of packed items and applications.

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How is the Competitive Landscape in the Spigot End Cap Market?

  • Plastitalia Spa,
  • Fusion Group Limited,
  • Kuzeyboru Company,
  • Kimplas Piping Systems Ltd.,
  • T-mex Ltd,
  • Adroit Piping Systems,

and others are some of the key players in the spigot end cap market. During the projected period, some unorganized and local companies are also expected to contribute to the spigot end cap market growth.

Key Developments

  • Saint-Gobain agreed to sell 67 percent of its pipe business in China to a consortium led by the Chinese government in April 2021. This sale allows it to preserve a long-term industrial collaboration with the pipe business in Europe.
  • Aliaxis agreed to sell its plastic piping system business in Southeast Asia to LESSO Conglomerate, a big Chinese industrial group that makes pipes and fittings as well as building materials, in February 2021. The divestment is being carried out in order to concentrate on core growth areas and opportunities.

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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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T: +1-845-579-5705
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VCI Shrink Films Market to CAGR of around 5% to 6% during the forecast period 2022-2032, Says FMI

The global volatile corrosion inhibitor (VCI) shrink films market is estimated to exhibit growth at a healthy CAGR of around 5% to 6% during the forecast period 2022-2032. Surging adoption of protective films for wrapping expensive metal products, tools, machineries, and others across diverse industries is expected to bolster the demand for VCI shrink films in the global market.

VCI shrink films, commonly known as VCI shrink wraps, are clear films comprising transparent and volatile corrosion inhibitor molecules that assist in protecting metal surfaces from external factors, such as corrosion. These films can be used for ferrous, non-ferrous, and multi-metal for protection and are available in a wide range of sizes in sheets, rolls, and bags & tubing formats.

VCI shrink films are primarily made of low-density polyethylene (LDPE) and are used to protect metal components against rust, contamination, and corrosion. Active substance such as volatile corrosion inhibitors in VCI shrink films penetrate into cavities and creates a protective atmosphere against corrosion.

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Which are Some Prominent Drivers Spearheading VCI Shrink Films Market Growth?

VCI shrink films are designed to provide long-term protection for metallic parts made of various metals such as iron & steel, copper, brass, tin, zinc & zinc galvanized, bronze, and nickel from corrosion during manufacturing, storage, and transit. Also, these films have favorable characteristics such as excellent clarity, ultraviolet (UV) stability, cross-laminated, and cling properties, which eliminate the need for additional cleaning and degreasing to metal parts covered with this films.

Attributed to this, VCI shrink films are finding a wide range of applications across transport & logistic sectors for storage and transportation of metal parts. They are extensively being used in centerfold sheeting, case liners and covers, lock-tip bags, single wound sheeting, elasticated bags, tubing, flat gusseted bags, and others, thereby, creating strong demand in the market.

Hence, leading players are emphasizing on developing novel shrink wrapping films with innovative features such as flame retardant and anti-static properties to capitalize on the surging demand. Some of the manufacturers are also aiming at providing customized VCI shrink films as per the end use and application need. This is projected to accelerate the sales of VCI shrink films in the global market over the forthcoming years.

What are the Challenges Faced by the VCI Shrink Films Market?

Although there are several advantages associated with the use of VCI shrink films, factors such as high cost of these shrink films and increasing availability of other low-cost substitutes are hindering the sales in the market.

In addition to this, the implementation of several stringent regulations and norms regarding the use of plastics across North America, Asia Pacific, and Europe, due to rising environmental concerns are restraining the growth in the global VCI shrink films market.

Why is North America Emerging as an Opportunistic VCI Shrink Films Market?

As per FMI, North America is estimated to exhibit growth at a rapid CAGR in the global VCI shrink films market during the forecast period 2022-2032.

Demand for VCI shrink films is increasing at a rapid pace, owing to increasing application in storage and transportation sector. These VCI films do not affect physical surface properties and eliminate the need for wiping, spraying, surface preparation, or dipping along with securely wrapping irregularly shaped products that are difficult to wrap. Attributed to this, these shrink films are increasingly being used for wrapping electronic and electric metal goods, machineries, metallurgy equipment, and others.

Hence, key manufacturers are focusing on launching novel products with innovative features to capitalize on the surging demand. For instance, in 2018, Daubert Cromwell, a U.S.-based manufacturer of protective packaging films announced introducing a new environment-friendly Clear Pak® BIO VCI Film, designed to protect ferrous metals from corrosion, using advanced VCI chemistry derived from plant extracts that are amine-free, nitrite-free, and non-toxic. A slew of such new product launches is expected to favor the sales in the North America market.

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How is Western Europe Contributing to the Growth of the VCI Shrink Films Market?

Future Market Insights states that Western Europe is anticipated to account for a significant share in the global VCI shrink films market from 2022 to 2032.

A swift rise in import and export of automobiles and automotive goods are being witnessed across the countries such as Germany, the U.K., France, and others, creating strong demand for metal wrapping films.

According to a report by the Observatory of Economic Complexity, nearly US$ 123 Bn worth of automotive vehicles, including passenger cars and commercial vehicles, and US$ 54.6 Bn valued automobile parts were exported by Germany in the year 2020. As VCI shrink films are extensively being used for wrapping automotive vehicles and automobile parts for protecting them from corrosion and other external factors, such rise in exports is projected to bolster the demand in the Western Europe market.

Market Competition

Some of the leading players in the VCI shrink films market are Superior Industries, Inc., MAGNA INTERNATIONAL PTE LTD., Cortec Corporation, Aicello Corporation, Daubert Cromwell, Inc., MetPro Group, Harita-NTI Ltd., BRANOpac GmbH, Propagroup, and others.

Prominent players in the global VCI shrink films market are aiming at launching sustainable   products and capacity expansion to gain edge in the highly competitive market.

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Key Segments Profiled in the VCI Shrink Films Market Survey

By Film Thickness:

  • Below 25 micron
  • 25 to 100 microns
  • 100 to 200 microns
  • Above 200 microns

By End Use Industry:

  • Mining and Metallurgy
  • Electronic & Electrical
  • Automotive
  • Transport & Logistic
  • Aerospace
  • Agriculture
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa

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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Packaging Suction Cups Market – Global Industry Analysis and Deeper Insights | FMI

The packaging suction cup market is anticipated to grow at a CAGR of 6.8% from 2022 to 2032. Additionally, it is predicted that the global market for packaging suction cups will grow from US$ 8.4 billion in 2022 to US$ 16.22 billion in 2032.

As smart labels and digital printing for packaging have grown in popularity, the market for packaging suction cups has been adopting automation to boost efficiency.

Companies are working to create effective and cutting-edge packing technology in response to the demand for equipment that can do all tasks, from labelling and wrapping to shaping packaging items.Vacuum cups or suction cups have generated buzz due to the increased emphasis on avoiding human interference in the packaging business, which has increased sales of packaging suction cups. Regardless of other cheap materials, commodities, and fill levels, it enables easy handling of bags, boxes, and complex-shaped products reliably in an automated process, increasing demand for packaging suction cups.

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What are the Growth Propellers for the Packaging Suction Cups Market?

Manufacturers contributing to the worldwide packaging suction cups market remain focused on improving the functionality and suitability of suction cups to all shapes and sizes of packaging products. In order to set their product unique in the market along with boosting sales of packaging suction cups most of the market players are experimenting with innovative materials.

In addition to adopting product-level innovation strategy, manufacturers of packaging suction cups, catering to the packaging industry, are focusing on identifying and leveraging white spaces in application of their products that has also surged the demand for packaging suction cups in the global market.

What is the Competitive Outlook for the Packaging Suction Cups Market?

  • Adams Manufacturing Corporation,
  • All-Vac Industries, Inc.,
  • ANVER Corporation,
  • Coval Inc.,
  • J. Schmalz GmbH,
  • Piab AB,
  • VacMotion Inc.,
  • Vi-Cas Manufacturing Company, and
  • William B. Rudow, Inc.

are the prominent competitors mentioned in the packaging suction cups market survey.

Recent Developments in the Packaging Suction Cups Market

  • PIAB (a Swedish-based global manufacturer of gripping, lifting, and moving solutions) will offer piGRIP suction cups in December 2020. Suction cups are available in a variety of diameter ranges to accommodate a wide range of picking applications.
  • Recently, Piab Ab introduced Kenos® KVG series of vacuum grippers with suction cups, specially designed for objects with wet or oily surfaces.
  • In September 2019, Schmalz introduced a new line of packaging suction cups made of ElastoDur material for handling abrasive cardboard boxes and rigid packaged products.

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Packaging Suction Cups Market: Segmentation

By Product:

  • Flat
  • Bellows

By Material:

  • Polyurethane
  • Nitrile Rubber
  • Polyvinyl Chloride (PVC)
  • Silicone
  • Others

By Diameter:

  • Up To 10 mm
  • 10-30 mm
  • 31-50 mm
  • Above 50 mm

By Application:

  • Canning
  • Bottling
  • Cartoning and Bagging
  • Filling
  • Labeling
  • Tray Making
  • Others

By End-Use Industry:

  • Food & Beverages
  • Personal Care & Cosmetics
  • Pharmaceuticals
  • Electronics & Electricals
  • Logistics & Transportation
  • 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.

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

Traffic Control Device Tape Market Worth US$ 9.6 Billion in 2032 – Exclusive Report by FMI

The market for traffic control device tape is expected to reach US$ 9.6 billion in 2032 and develop significantly between 2022 and 2032, with a CAGR of 5.2%. Sales of traffic control device tapes are anticipated to expand as a result of strict government regulations aimed at enhancing passenger safety and an urgent demand for operational effectiveness.

In 2022, the market for traffic control device tape is anticipated to reach US$ 4.1 billion. Tapes for traffic control devices are frequently used to regulate both foot and vehicle traffic. When a road is closed or when there is a hazard, these serve as transient traffic signals to reroute traffic.

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How Are Manufacturers Driving the Asia Pacific Traffic Control Device Tape Market?

The urgent need for barricade tapes in highly populated countries, such as India and China is likely to drive the Asia Pacific traffic control device tape market share in future years. Painting for warning or caution signs is a time consuming process and thus companies are preferring traffic control device tapes to avoid the inconvenience.

The presence of a large number of local manufacturers, especially in China would also create new growth opportunities in Asia Pacific. Besides, the country exports raw materials in other parts of the globe with the availability of low cost materials and labor. This factor would also enable manufacturers to generate more sales in the Asia Pacific market.

Are governmental regulations boosting North America’s market for traffic control device tape?
According to predictions, North America will continue to come in second place in the following years, followed by Asia Pacific. It is anticipated that rising automobile production and sales in the United States and Canada will be positive for the local market. Another important aspect that is projected to drive the market is the swift expansion of the logistics and transportation sectors in this area.

Furthermore, it is predicted that in North America throughout the assessment period, the market for traffic control device tapes will increase due to strict government regulations aimed at enhancing road safety. Additionally, raising consumer awareness of accident prevention and driver safety is probably going to help the local market flourish.

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Market Competition

Some of the prominent companies present in the global traffic control device tape market include

  • Vibac,
  • 3M Company,
  • Advance Tapes International Ltd.,
  • Kruse Adhesive Tape, Inc.,
  • Scapa,
  • Surface Shields, and
  • Nitto Denko Corp. among others.

Leading companies operating in the global market are increasingly focusing on introducing new products to fulfill the high unmet demand from end-user industries. Meanwhile, a few other companies are aiming to strengthen their positions in the global market by collaborating with renowned players and acquiring small-scale enterprises.

Key Segments Profiled in the Traffic Control Device Tape Industry Survey

By Material:

  • Polyethylene
  • Polypropylene
  • Nylon
  • Others

By Product Type:

  • Adhesive
  • Non-adhesive

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

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Medical Cleaning Devices Market size is projected to be valued at about US$ 58.5 Billion by 2032 end

[342 Pages Report] The global Medical Cleaning Devices market is set to witness an impressive growth rate of 10.5% over the forecasted years of 2022 to 2032. The medical cleaning devices market size is anticipated to reach a valuation of around US$ 58.5 Billion by the end of year 2032 from the current valuation of US$ 21.5 Billion in 2022.

The global medical cleaning devices market is expanding as a result of an increase in surgical operations and the incidence of chronic illnesses around all economies of the world. Ultrasonic cleaners, automated washers, and manual hand washing are the three most often utilised cleaning techniques for medical equipment.

Finding heat sterilization alternatives has become necessary as surgical equipment made of materials other than stainless steel have been introduced. The need for modern sterilization equipment is rising due to trends of creating a central sterile services department or the Sterile Processing Department in order to reduce the amount of time and money needed in the procedure.

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Furthermore, profitable growth is anticipated for the market as in addition to sterilizing medical equipment, microorganisms are also eliminated. In medical settings, steam and EtO sterilization are the most often used sterilization techniques.

Akin to how single-use devices have become more popular, critical devices category no longer require as much cleaning, disinfection, and sterilization, which is expected to impede demand for medical cleaning devices in the global market to some degrees.

Key Takeaways from Market Study

  • The overall growth of the global medical cleaning devices market is estimated to be around US$ 37 Billion over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 10.5%.
  • Disinfection category is the most lucrative among all the technique segments provided by the global market players that acquires more than 50% of the business.
  • Among the different types of medical devices, semi-critical devices requires the most amount of cleaning making it the largest segment with a share of more than 46%.
  • North America is the dominating market with an overall share of nearly 34% as recorded by the global medical cleaning devices market survey report for the year 2021.
  • Contrastingly, Asia Pacific holds the highest growth potential owing to its rapidly expanding healthcare infrastructure and improving standard of living.

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Competitive Landscape

Some of the well-known global medical cleaning devices market players are Steris plc, GetingeAB, Advanced Sterilization Products, The Ruhof Corp., Sklar Surgical Instruments, Sterigenics International LLC, Biotrol, Metrex Research, LLC, Oro Clean Chemie AG, Cantel Medical Corp., Ecolab, and 3M among others.

Manufacturers will profit from terminal sterilization while boosting the efficacy and adoption of medical cleaning devices services, which is projected to accelerate in the near future. This technique is anticipated to increase patient safety and reduce hospital expenses as well.

Recent Developments in the Global Medical Cleaning Devices Market:

  • Metrex developed surface disinfectant wipes 2.0 CaviWipes in April 2021. These wipes are fully approved for the Emerging Viral Pathogen Claim EPA’s and are effective against 42 diseases, including SARS-CoV-2.
  • The largest group for infection prevention and control (IPC) specialists is the Association for Experts in Infection Control and Epidemiology (APIC) that also formed a strategic partnership with Metrex Research, LLC in August 2021. The APIC Strategic Partnership program fosters enduring relationships with business partners that share the objective of reducing infection risk.

Global Medical cleaning devices market by Segmentation

By Device:

  • Non-critical
  • Semi-critical
  • Critical

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By Technique:

  • Cleaning
    • Detergents
    • Buffers
    • Chelators
    • Enzymes
    • Others
  • Disinfection
    • Chemical
      • Alcohol
      • Chlorine & Chorine Compounds
      • Aldehydes
      • Phenolics
    • Metal
    • Ultraviolet
    • Others
  • Sterilization
    • Heat Sterilization
    • Ethylene Dioxide (ETO) Sterilization
    • Radiation Sterilization

By EPA Classification:

  • High Level
  • Intermediate Level
  • Low Level

About 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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Dissolving Microneedles Market is projected to touch a valuation of US$ 40.22 Million in 2022

[226 Pages Report] As per Future Market Insights’ latest industry analysis, the global dissolving microneedles market is estimated to reach US$ 40.22 Mn in 2022 and is further expected to grow at a CAGR of close to 9.5% over the forecast period, totaling around US$ 99.24 Mn by 2032.

Microneedles have been and continue to be a focus of research for a variety of medicinal purposes. Research on dissolving microneedles is expanding quickly, both in academic institutions and in many therapeutic clinical applications. Till December 2021, ten clinical trials employing dissolving microneedles were conducted.

Clinical trials for dissolving microneedles concentrate on their therapeutic application for cosmetics, anti-infectives (mostly vaccines), cancer, and skin diseases. Thus, strong product pipeline of dissolving microneedles for numerous applications is anticipated to drive market growth for dissolving microneedles.

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Furthermore, the emergence of dissolving microneedles as a better alternative to hypodermic needles for vaccination as well as for cosmetic application is boosting the demand for dissolving microneedles. Instead of using a hypodermic needle, administering vaccines with a small patch coated in several soluble microscopic needles may result in safer, more effective vaccinations that anybody may administer.

Needles used for hypodermic injections are regarded as biomedical waste and have to be disposed off in designated containers. The needles in the patch disappear into the body as soon as it is placed into the skin, leaving only the backing, which dissolves in water.

The reusing of needles, which occurs in areas with inadequate medical facilities, would be halted by the dissolving microneedle patches. The cost of the dissolving microneedle patches would be the same as that of traditional needles and syringes.

Additionally, dissolving microneedles can offer strong market potential with on-the-go and easy-to-use/administer dosage form in a minimally invasive manner. Also, there are a significant number of patients that are needle phobic, which makes the administration of vaccines difficult. Hence, there is significant demand for minimally invasive drug delivery systems like transdermal delivery of drugs.

Key Takeaways from Market Study

  • By application, the wrinkle treatment segment holds approximately 5% market value share in 2021 and it is likely to grow at the highest CAGR over the forecast period.
  • Based on distribution channel, online stores are projected to capture around 4% of the global market value by 2032.
  • With rapidly expanding healthcare industry, Europe held a value share of around 7% of the global dissolving microneedles market in 2021.
  • The dissolving microneedles market in South Korea is poised to grow at 7% during the forecast period.
  • Germany’s dissolving microneedles market is projected to display a growth rate of 1% between 2022 and 2032.

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“Rising number of needle-phobic population, increasing demand for dissolving microneedles for diagnosis and monitoring, and strong product pipeline for diverse applications are set to propel the demand of dissolving microneedles across the globe,” says an analyst of future market insights.

Market Competition

Major market players are constantly focusing on adopting strategies such as acquisitions, partnerships, capacity expansion, and strengthening their product portfolios and distribution networks to expand their global footprint as well as to improve their market share. For instance,

  • In February 2019, CosMED Pharmaceutical doubled its microneedle production capacity to increase cosmetics product manufacturing.
  • In August 2020, Nissha Co., Ltd. acquired ISO 22716 certification for its global headquarters for manufacturing and quality management of cosmetics products.
  • In October 2021, Vaxess Technologies announced the grand opening of a GMP manufacturing facility. Vaxess is focused on developing a pipeline of MIMIX therapies.

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the dissolving microneedles market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.The global dissolving microneedles market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The dissolving microneedles market is segmented into three parts based on the application (wrinkle treatment and acne treatment), and distribution channels (retail stores, supermarkets & hypermarkets, online stores and aesthetic/cosmetic clinics), across seven key regions of the world.

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Key Players :

  • CosMED Pharmaceutical Co.Ltd.
  • Micron Biomedical, Inc.
  • Raphas Co., Ltd
  • Nissha Co., Ltd
  • Micropoint Technologies
  • Small Lab
  • Vice Reversa
  • NINGBO CHIMED TECHNOLOGY CO., LTD
  • Vaxess Technologies, Inc.
  • QuadMedicine

Key Market Segments Covered In Dissolving Microneedles Industry Research

By Application:

  • Wrinkle Treatment
  • Acne Treatment

By Distribution Channel:

  • Retail Stores
  • Supermarkets & Hypermarkets
  • Online Stores
  • Aesthetic/cosmetic clinics

About 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:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cavitated Films Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

The market for cavitated films is anticipated to grow strongly, with a CAGR of 7%. The market for cavitated films is expected to grow from its present value of US$ 3.45 million in 2022 to US$ 7.45 million by 2032. Due to its use in the food business for the packaging of ice cream, chocolates, and other treats, cavitated films have seen an increase in sales.

It is also anticipated that increased demand from the packaging sector would result from cavitated films’ all-purpose conversion capabilities, which will help them gain market share.

The study provides information on the elements boosting cavitated film sales and, consequently, the potential for market participants. The cavitated films market does, however, confront significant obstacles that could prevent it from attaining its full potential.

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The need for microcavitated films and cavitated BOPP films with better machinability, which make them a great choice for VFFS and HFFS packaging applications, are some of the major market trends for cavitated films.

What are the Key Dynamics to the Cavitated Films Market Share
Convenience food demand has increased year after year, particularly in developing economies like India, China, and ASEAN nations. Convenience meals such as snacks, and confectionery goods accessible at restaurants have shown an increase in consumption across the world. This is anticipated to have a beneficial effect on regional cavitated film market expansion.

The low density provided in comparison to alternatives is one of the primary factors driving the sales of cavitated films. This makes cavitated films more affordable than their substitutes, which is expected to drive the growth of the cavitated films market throughout the course of the forecast period.

Which Region holds the Highest Growth Potential in the Cavitated Films Market

Regions such as Europe and North America represent developed cavitated films markets for cavitated films.

However, cavitated films have been witnessing strong demand in developing economies such as China and India, catapulted by expansion of the flexible packaging industry in these countries.

Moreover, other Asian countries such as Myanmar and Vietnam have been experiencing strong growth in their flexible packaging industries. This is expected to facilitate the growth of the Asia Pacific cavitated films for packaging market during the forecast period.

Since countries such as Thailand and Vietnam are witnessing a change in consumer acuities regarding food consumption, a substantial number of consumers give emphasis on nutritious food with convenience packaging solutions, which enhance product life.

Rising consumer awareness towards packaging, coupled with a shift in preference for flexible packaging solutions, is expected to drive the growth of the cavitated films market.

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How is the Competitive Landscape in the Cavitated Films Market

The key players of the cavitated films market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use to thrive business. This is driving the sales of cavitated films.

Some of the key participating players indulged in the sales of cavitated films are:

  • Jindal Poly Films Limited
  • Cosmo Films Ltd
  • Mitsui Chemicals Tohcello, Inc
  • Vacmet India Ltd
  • Oben Group
  • KristaFilms, S.A. de C.V.
  • Polinas Plastics of America
  • Innovia Films

These market players are anticipated to drive the cavitated films market by introducing new products and expanding geographically.

The cavitated film market has witnessed a number of mergers and acquisitions between the top players in the market.

For instance, Jindal Poly Films Ltd., which is an India-based manufacturer of polyester-based packaging films, acquired the global BOPP business of Exxon Mobil Chemical. The deal provided Jindal Poly Films Ltd. with five BOPP production units located across the U.S. and Europe. Jindal Poly Films Ltd. is in talks to acquire the European business segment of DuPont Teijin Films.

Therefore, large companies are focusing on consolidation to expand into untapped markets and enhance their production capacities of cavitated films.

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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