Market Research Blog – Page 10531 – New Product Development

Key Market Dynamics in Ophthalmic Eye Drops Market

The COVID-19 pandemic is anticipated to have a detrimental effect on the market for ophthalmic eye drops. During the COVID-19 pandemic, there will likely be a significant loss in doctor visits, which will lead to a decrease in prescriptions and OTC eye drop purchases. Rapid COVID immunisation campaigns are anticipated to facilitate market recovery in the next one to two years.

The prevalence of eye infections is rising globally as a result of an increased number of post-operative eye infections, the advent of novel pathogens, and inadequate eye hygiene habits. According to a study by Future Market Insights (FMI), the demand for ophthalmic eye drops will increase at a rate over 5% CAGR between 2021 and 2031, despite the likelihood that the incidence would decline soon.

The National Ambulatory Medical Care Survey indicated that Americans made more than 4 million visits to ambulatory physicians for bacterial conjunctivitis in 2005. Approximately 70% of patients with acute conjunctivitis present to primary and urgent care providers, which accounts for 1% of all primary care office visits. Adenoviruses account for 65 to 90% of cases of viral conjunctivitis.

The soaring cases of eye infections have been driving ophthalmic eye drops sales. While the report presents positive outlook for growth, ongoing restrictions amid COVID-19 outbreak might hamper sales.

New eye drop product launches, branded as well as generic, are expected to be hampered in the short term due to disruptions in the supply chain, delayed pipeline research and development and shift in the priority of leading healthcare companies to COVID-19 vaccine and treatment developments.

According to the report, institutional sales of ophthalmic eye drops will rise considerably in the coming years. It will account for over half of ophthalmic eye drops sold through the forecast period.

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Key Takeaways from Ophthalmic Eye Drops Market Study

Ophthalmic eye drops market will expand consistently to surpass a valuation of US$ 15 Bn by 2021
The U.S. holds over 92.1% share of the North American market, but Canada is projected to expand faster at around 4.0% CAGR
Rising cases of eye infection will drive sales in the U.K., enabling it register 3.9% y-o-y growth in 2021
Rising willingness to spend on advanced eye care will drive sales in Germany and France
Expansion of the healthcare sector will emerge as chief growth driver in China and Japan. Both countries will exhibit high demand for dilation drops

Due to their increasingly active lifestyle and desire for better aesthetics, many people are shifting to contact lenses. However, many ocular infections are associated with the use of contact lenses. Each year in the United States, approximately 1 million eye infections occur related primarily to keratitis, a fungal infection of the cornea, and contact lens infections account for estimated direct costs of $175 million. In addition, 40.9 million U.S. adults wear contact lenses, and 99% of 4,269 contact-lens wearers were reported at least one contact lens – related hygiene behavior associated with an increased risk for eye infection or inflammation. Nearly a million eye infections requiring a trip to the doctor happen each year, many of them related to contact lens use.

Who is Winning?

The top players are focusing on increasing acquisitions at the regional level. Acquisitions empower the company with products and increase the company’s portfolio. The company acquires other players to possess well-established products and solutions that are expected to become a good revenue source for the acquirer. Acquisitions also enable the company to enter new emerging markets as well as enhance their presence in existing markets. Furthermore, key market players such as Novartis and Gerresheimer AG are focusing on the expansion of their market reach in different regions. For example-

In November 2020, Gerresheimer Regensburg announced that it is expanding its production area in Germany. The company has planned the expansion of its production capacity in small batch production, as a result of increasing development projects for pharmaceutical and medical technology products.
In November 2019, Sandoz announced that it has entered into a binding agreement for the planned acquisition of the Japanese business of Aspen Global Incorporated (AGI), a wholly owned subsidiary of Aspen Pharmacare Holdings Limited, strengthening its position in the world’s third largest generics market.

Some of the key market players covered by FMI include Novartis AG, Bausch & Lomb, Akorn, Inc., Biomedica, AdvaCare Pharma, C2 PHARMA, Kraeber GmbH, Iskon Remedies, HANSHIN GROUP, Berry Global Inc., Nolato AB, Bormioli Pharma, WG Pro-Manufacturing Inc., Gerresheimer AG, Adelphi Healthcare Packaging, Aptar Group Inc., and Amcor Plc.

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Ophthalmic Eye Drops Market by CategoryDrug Class

Anesthetic Drops
Dilation Drops
Glaucoma Drops
Steroid Drops
Antibiotic Drops
Others (Antihistamine, Lubricants Tear Drops)

Indication

Dry Eye
Eye Allergy
Glaucoma
Eye Infection
Retinal Disorders
- Macular Degeneration
- Diabetic Retinopathy
- Others
Uveitis
Others

Drug Formulation

With Preservative
Preservative Free

Container Type

Single Dose Container
Multiple-Dose Container

Distribution Channel

Institutional Sales
- Hospitals
- Community Clinics
- Ophthalmic Clinics
- Public Health Agencies
- Veterinary Hospitals & Clinics
Retail Sales
- Retail Pharmacies
- Drug Stores

Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)

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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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Low Voltage Motor Market to receive overwhelming hike US$ 75 Billion in Revenues by 2032: Exclusive Report by FMI

Global demand for low voltage motors is expected to be worth US$ 39.1 billion in 2022, rising at a CAGR of 6.7 percent to US$ 75 billion by 2032. Extensive industrialization in a range of areas, as well as the ability to reduce the likelihood of equipment failure, will create excellent opportunities for growth in the low-voltage motors business.

Report Attribute	Details
Estimated Base Year Value (2021)	US$ 37 Billion
Expected Market Value (2022)	US$ 39.1 Billion
Anticipated Forecast Value (2032)	US$ 75 Billion
Projected Growth Rate (2022-2032)	5.2% CAGR

The low voltage motors are extensively being used in several industries such as mining, food & beverages, oil & gas, automotive, packaging, etc., driven by the profuse growth in industrialization and steadily rising demand for energy across the globe. These are the motors that run at voltages less than 1000 V and generate maximum power that aids to improve productivity, and quality and saving energy.

Various motor efficiency legislation adopted around the world is expected to boost the global low voltage motor market over the forecast period. Manufacturers are required to use more expensive and energy-efficient motors as a result of these laws.

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During the projected period, the worldwide low voltage market is expected to develop at a single-digit CAGR, with great potential in the next 4-5 years. To improve their production process, most manufacturers are increasingly focused on advanced technology and quality low voltage motors, which has resulted in an increase in demand for advanced low voltage motors.

Global Low Voltage Motor Market: Drivers & Restraints

With rise in technological advancement, increasing demand for machinery across the world and advantages offered by low voltage motors due to its efficient nature, the global low voltage motor market is anticipated to show the robust growth during the forecast period. The growing consumption of low voltage motors by end-user industries will continue to drive the growth in low voltage market over the forecast period.

In addition, stringent motor efficiency legislation and retrofits due to aging equipment are expected to impact the global low voltage motor market in a positive way.

Global Low Voltage Motor Market: Regional Outlook

Depending on geographic regions, the global low voltage motor market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2014, Asia Pacific dominated the global low voltage motor market owing to the growing consumption of low voltage motors by the automotive and electronics industry, in this region. In addition, China is the largest country market for low voltage motors in Asia Pacific and is poised to show strong opportunities for low voltage motors in near future. After Asia Pacific North America is projected to show vigorous growth in global low voltage motor market, especially due to the increasing demand of low voltage motors in countries like US and Canada, during the forecast period.

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Global Low Voltage Motor Market: Market Players

Some of the major players operating in the global low voltage motor market are ABB, TECO-Westinghouse Motor Company, Siemens, Hyosung Power and Industrial Systems Performance Group, Anhui Wannan Electric Machine, ATB Group, Leroy Somer, LEZ Ruselprom, Luan JiangHuai, NIDEC, Regal Beloit, Shandong Huali Electric Motor Group, GE Industrial, Toshiba International, WEG, VEM Group, etc.

The report covers exhaustive analysis on:

Low Voltage Motor Market Segments
Low Voltage Motor Market Dynamics
Low Voltage Motor Market Size
Low Voltage Motor Market Supply & Demand
Low Voltage Motor Market Current Trends/Issues/Challenges
Competition & Companies involved
Low Voltage Motor Technology
Low Voltage Motor Market Value Chain

Regional analysis includes

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

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

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Key Segments Profiled in the Low-voltage Motor Industry Survey

Product Type:

IE1 Low-Voltage Motors
IE2 Low-Voltage Motors
IE3 Low-Voltage Motors
IE4 Low-Voltage Motors

End-User Industries:

Low Voltage Motors for Food & Beverages
Low Voltage Motors for Mining
Low Voltage Motors for Automotive
Low Voltage Motors for Electronics
Low Voltage Motors for Textile
Low Voltage Motors for Other End User Industries

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

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Marine Base Steering Gear Market Global Industry Overview and Competitive Landscape till 2032

The global marine base steering gear market was worth approximately US$ 1.6 billion in 2020 and is expected to grow at a steady CAGR of 5% between 2022 and 2032. The rapid expansion of the global maritime industry is driving demand for marine base steering gear.

Report Attribute	Details
Marine Base Steering Gear Market Size (2020)	~US$ 1.6 Bn
Marine Base Steering Gear Market Estimated Growth Rate (2022-2032)	5%

Since the dawn of the first ships, which were steered by hand, marine base steering gears have been an essential component of a ship’s machinery. Furthermore, regardless of the ship’s operation, kind, or size, marine base steering gear integrated with a rudder system assists in ship turning when necessary, defining a complete turning mechanism.

The basic requirement of marine base steering gears are subjected and guided by rules and standards which implies to capability of turning or steering the ship from 35 degrees starboard to 35 degrees port and vice versa. Moreover, the major control systems and power units are duplicated so they can easily substitute during the failure along with the emergency power supply through emergency generator connected to additional power unit.

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Ram type marine base steering gear are the most commonly used type which is quite expensive in construction and designing. In the ram type marine base steering gear, the sense of rudder turning is guided by the action of hydraulic pump. On the other hand, the rotary vane type steering gear has a fixed housing where two vanes rotate where the housing with vanes form the four chambers.

Marine Base Steering Gear Market: Dynamics:

Rotary vane marine base steering gear is widely selected mechanism which provides low vibration and noise along with it ensures full torque availability at all rudder angles. Furthermore, rotary vane marine base steering gear also provides relatively more flexibility as steering gear is more optimized for the type of rudder used. These factors are estimated to drive the global marine base steering gear market during the forecast period.

Moreover, the rising demand of marine base steering gear for large and medium sized vessels and thus availability of 2, 3, or 4 vane options to propel the demand of global marine base steering gear market in the near future. Prominent factors such as compact size, excellent power-to-weight ratio, simplified maintenance, integrated rudder carrier are further expected to fuel the growth of global marine base steering gear market over the forecast period.

Stringent military standards and regulations for designing steering gear to lower the vibration, shock, and noise is projected to drive the global marine base steering gear market over the forecast period. Further, the robust and simple design of actuator type marine base steering gear provides redundancy and reliability which is expected to augment the growth of global marine base steering gear market in the near future.

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Marine Base Steering Gear Market: Regional Outlook:

Europe is estimated to register substantial growth in the global marine base steering gear market owing to strong investments done in France, Russia, and other EU countries over the last few couple of years. Furthermore, the recent deceleration witnessed in Chinese economy is anticipated to affecting various domestic industries which can pause implications for maritime economy across the globe. Shifts in demographic and population growth rates in the developing countries may pose implications for the maritime sector in the near future. Moreover, rising import rate of finished goods owing to increasing disposable income, lowering of commodity price is projected to drive the global marine base steering gear market during the forecast period.

Marine Base Steering Gear Market: Market Participants:

Some of the participants in global marine base steering gear market are:

Data Hidrolik
Brusselle Carral Marine
Jastram Engineering Ltd.
Wills Ridley Ltd
REMONTOWA HYDRAULIC SYSTEMS Sp. z o.o.
Rolls-Royce plc
KATSA OY
Nufoss Services Pte Ltd.
Palmarine

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Key Segments Profiled In The Marine Base Steering Gear Industry Survey

By Gear Type:

Ram Type
Rotary Vane Type

By Power Source:

Hydraulic
Electro-hydraulic

By Region:

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

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Wedge Wire Screen Market by Segmentation type — Global Forecast to 2032

The global Wedge Wire Screen market was worth US$ 0.68 billion in 2021 and is expected to grow at a CAGR of 4% to reach US$ 0.71 billion in 2022. The wedge wire screen market is expected to grow in the approaching years because to its high strength, rigidity, and weight carrying capacity.

Attributes	Details
Global Wedge Wire Screen Market CAGR (2022-2032)	4%
Global Wedge Wire Screen Market Value (2022)	US$ 0.71 Billion
Global Wedge Wire Screen Market Value (2032)	US$ 1.05 Billion
Global Wedge Wire Screen Market Attraction	Burgeoning application in end-use industries like waste-water filtration, mineral and petrochemical is likely to drive the wedge wire screen market.

The whole structure is then compressed and made safe by installing ring nuts over the ends of rod. Wedge Wire Screens are capable of separating solids from liquids and are commonly used for sizing, filtering, retaining media, de-watering, distribution and collection.

Wedge wire screens are mainly used in chemical, mining, gas & oil and paper industries. Wedge wire screens provide larger drainage area, thereby creating better flow of water and are comparatively strong & durable. They are usually manufactured from stainless steel and primarily used for separation, filtration and retention media in end-use sectors.

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Wedge Wire Screens can be made in various different configurations and are available in cylindrical, flat or curved shapes. The wires can be located axially inside the cylinder. The dimension of the cylinders can vary from 1/2″ – 36″, depending on the needs of the individual customer. Customized wedge wire screens with large diameters can also be manufactured for individual needs.

Wedge Wire Screen Market: Dynamics

Increase in demand from end-user sectors, such as petro chemicals, food industries and water treatment, will drive the demand for wedge wire screens during the forecast period.

Moreover, wedge wire screens act as a perfect tool for drilling boreholes. These screens can handle all kinds of pressure and facilitate easy flow of liquids. Also, different industries have different requirements for panel screens.

Therefore, all of these factors will drive the demand for wedge wire screens during the forecast period.

Wedge Wire Screen Market: Market Participants

Examples of some of the market participants/vendors identified across the value chain of the Wedge Wire Screen market are AMACS, Ando Screen, ANDRITZ Euroslot, Aqseptence Group, Atlas Wedge Wire, B. Deo-Volente, Carbis Filtration, Concord Screen, Costacurta S.p.A., CP Screens, Gap Technology, HEIN, LEHMANN, Hendrick Screen Company, International Screen Supplies, Jagtap Engineering, Multotec, Optima International, Progress Eco, Steinhaus GmbH, TOYO SCREEN KOGYO CO, Trislot NV and Wedge Tech.

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

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

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Wedge Wire Screen Market: Segmentation

On the basis of type, the market can be segmented into:

Baskets wedge wire screens
Flat wedge wire screens
Sieve Bend Screen wedge wire screens
Cylinder wedge wire screens

On the basis of application, the market can be segmented into:

Food & Beverages wedge wire screen
Chemical and Petroleum
Water Treatment
Pulp and Paper
Mining and Mineral
Others

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Binoculars and Mounting Solutions Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032

The global binoculars and mounting solutions marketplace is predicted to expand at a encouraging CAGR during the forecast period. An additional feature is, when hovering or pulling down the binoculars, most of the time the binoculars stay jagged at the objective. These mounts look great if you are out observing with another individual and sharing views, even if another person is of different height (like a child).

Report Attribute	Details
Estimated Base Year Value (2021)	US$ 7.1 Billion
Expected Market Value (2022)	US$ 8.6 Billion
Anticipated Forecast Value (2032)	US$ 11.4 Billion
Projected Growth Rate (2022-2032)	3.8% CAGR

The global market for binoculars and mounting solutions is expected to reach $8.6 billion by 2022. It is expected to grow at a CAGR of 3.8 % and surpass US$ 11.4 billion between 2022 and 2032. The rising standard of living in various developing countries, as well as increased spending on luxury items, are expected to drive demand for binoculars and mounting solutions in the near future.

The simplest and economical optics you can apply to stargazing is a pair of binoculars. Binoculars are chiefly dual telescopes which are mounted next to each other, and associated so that an individual can gaze at aloof entity with both the eyes.

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Binoculars makes use of prisms mainly in both the barrels to provide an upright appearance to the consumer. Roof prisms binoculars, which are more compressed, look similar to two traditional through telescopes mounted sideways. Compressed binoculars are pleasant, particularly for daytime observing. However, just as the telescopes, binoculars equipped with bigger diameter lens displays more.Low control binoculars are great for extensive star fields, and can simply be hand held. But it becomes pretty challenging holding binoculars that are too enormous and heavyweight.

Binoculars and Mounting Solutions Market: Drivers & Restraints

Rising infrastructure investments necessitates the requirement of positioning for cargo management systems for rail traffic, airports and ports. Large construction sites require positioning systems to support the information management system. Aforementioned are some of the key factors driving the growth of the binoculars and mounting solutions market. Whereas the changes in the allocation of radio frequency bands, cost of sensors, safety, development time and customization associated with the binoculars and mounting solutions, dependency on external suppliers for components are probable factors restraining the growth of the binoculars and mounting solutions market globally.

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Binoculars and Mounting Solutions Market:Region-wise Outlook

The global binoculars and mounting solutions market is anticipated to record a significant CAGR for the forecast period. On the basis of geographic regions, the global binoculars and mounting solutions market is segmented in the following key regions: North America, Western Europe, Eastern Europe, Latin America, Japan, Middle East & Africa and Asia Pacific. In 2015, the global binoculars and mounting solutions market is dominated by North America in terms of market value followed by Europe and Russia, respectively. Japan and Asia Pacific are anticipated to increase at a considerable growth rate and is expected to contribute to the global binoculars and mounting solutions market value exhibiting a substantial CAGR during the forecast period, 2015?2025.

Binoculars and Mounting SolutionsMarket: Key Player

Some of the key market participants in the Binoculars and Mounting Solutions Market are S4Gear, ZEISS, Lunt Engineering USA, LEICA, Nikon Corporation, Bushnell Outdoor Products and OLYMPUS CORPORATION among numerous others.

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

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Key Segments Profiled in the Binoculars and Mounting Solutions Industry Survey Report Scope

Application:

Defense
Maritime
Land and Survey
Space

Magnification Type:

1X
2X
3X
4X
More than 4X

Lens Coating Type:

Single Coating Lens
Multi-coating Lens

Region:

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

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ESD Safe Matting Market 2022 New Technological Development Projecting Massive Growth till 2032

The global ESD safe matting market is expected to be worth US$ 101.72 million in 2022, rising to US$ 147.71 million by 2032. During the forecast period of 2022-2032, the market is expected to grow at a CAGR of 3.8 percent. The increasing use of ESD-Safe Mat in industries such as table, bench, monitor, and floor is propelling the global ESD-safe mat market forward.

Report Attribute	Details
Estimated Base Year Value (2021)	US$ 98 Million
Expected Market Value (2022)	US$ 101.72 Million
Projected Forecast Value (2032)	US$ 147.71 Million
Anticipated Growth Rate (2022-2032)	3.8%

Personnel and equipment are protected from static electrical discharges by ESD matting. These are typically used in workplaces where static electricity can accumulate and provide an easy path to the ground. If an ESD mat is not used, static discharges can endanger workers and the workplace. Antistatic gloves, clothing, footwear, flooring, antistatic tools, packages, and grounding straps can all be used in the workplace.

The ESD safe matting market is expected to expand in response to increased demand from the end-use industry and increased need for self-protection at workstations. It minimises electrostatic discharge as much as possible. It is also appropriate for industries where static electricity can cause damage to equipment and workers.

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The growing popularity of new and innovative flooring solutions such as marble, laminate, wooden, and parquet floors has increased the use of floor mats to reduce electrostatic collisions and damage, thereby driving market growth. Furthermore, further commercial sector expansion, such as hospitality, hospitals, fitness facilities, institutions, and shopping malls, is expected to increase market penetration in the coming years.

Furthermore, due to its widespread acceptance by end users for a variety of applications, the demand for entry mats has increased dramatically. In recent years, the global market has been driven by the growing popularity of walk-off entrance mats in both the residential and commercial sectors. To ensure superior indoor air quality, entrance matting acts as the first line of defense against dirt entering the facility. Manufacturers can easily customize the size and style of mats, as well as add additional functions to meet the needs of customers. With all these advancements, the global market of ESD mats is going to grow rapidly during the assessment period.

The pandemic and the post pandemic proved to be a bit challenging for this market. During these times, the logistics and the supply chains were gravely hampered and this made most of the companies from this market go low on stock and run out of stocks completely. This caused a significant negative impact on the market.

Moreover, the ESD safe mats are always manufactured with the highest quality of raw materials possible. The good quality of raw materials come for a high cost and this increases the overall cost of the end product. At the same time, for these mats the manufacturers cannot compromise on the quality as that will lead to severe accidents. For all these reasons, the market can face a bit of trouble during the forecast period.

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Key Segments Profiled in the Global ESD safe matting market

ESD Safe Matting Market by Application:

Table ESD Safe Matting
Bench ESD Safe Matting
Floor ESD Safe Matting
Monitor ESD Safe Matting
Others ESD Safe Matting

ESD Safe Matting Market by Type:

Vinyl ESD Safe Matting
Rubber ESD Safe Matting
PVC ESD Safe Matting
Others

ESD Safe Matting Market by Region:

ESD Safe Matting Market in North America
ESD Safe Matting Market in Latin America
ESD Safe Matting Market in Europe
ESD Safe Matting Market in Asia Pacific
ESD Safe Matting Market in MEA

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Candle Box Market is predicted to grow US$ 5.5 Billion by 2032– Future Market Insights, Inc.

The candle boxes market is estimated to be worth USD 3.3 billion in 2022, with a projected value of USD 5.5 billion by 2032. Over the forecast period, the candle boxes market is expected to grow at a CAGR of 5.4% through 2032.

The COVID-19 pandemic has dramatically altered people’s daily lives all over the world for candle boxes market also. As part of the new norm, new protocols were established to ensure public health and safety.

Businesses in the candle boxes market have been heavily impacted by these changes for several months, as prolonged lockdowns and social distancing rules pushed the economy into an alarming recession affecting the candle boxes market opportunities.

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In terms of sustainable packaging for candle boxes market, government agencies continue to seek solutions to packaging waste and recyclability issues. Many countries are attempting to control this by changing manufacturing regulations and tax laws.

Due to the increasing applications of candles, the candle boxes market, as well as the candle boxes market future trends, is expected to grow significantly over the forecast period. Candles are also used to decorate homes and offices, as well as to celebrate festivals such as Diwali and Christmas, which is another major factor driving the candle boxes market.

Furthermore, consumers’ increasing disposable incomes and changing lifestyles have enabled them to spend more money on candles with better shapes and exotic aromas, which is a good thing escalating the candle boxes market key trends and opportunities.

Furthermore, rising disposable incomes and changing consumer lifestyles have enabled them to spend more money on candles with unique shapes and exotic aromas, boosting candle boxes market. However, the presence of a large number of unorganised candle manufacturers may pose a global challenge to the candle boxes market and candle boxes market adoption trend on the whole.

KEY TAKEAWAYS:

The candle boxes market’s mass boxes segment form the type category is predicted to develop at a CAGR of 3.3% through 2032.
Through 2032, square sector in the candle boxes market’s shape category will grow.
The candle boxes market’s lock bottom box segment form the product type category is predicted to develop through 2032.

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COMPETITIVE LANDSCAPE:

New market research report on candle boxes says that

McKenzieCrest Inc.,
ICM Custom Packaging,
Craft candles Manufacturer,
BlueBox Packaging, ClipnBox,
Elite Custom Boxes,
Pak Factory,
RSF Packaging

are among the legacy players vendors.

The research offers a comprehensive competition analysis of these top competitors in the candle boxes market, including candle boxes market growth, candle boxes market share, candle boxes market adoption trends and important market strategies.

Recent Development in the Candle Boxes Market:

• March 2021 – Supplies for Candles LTD, based in Yorkshire, has paid £2.5 million for Glassprint Ltd. Glassprint Ltd was established in 2002 and specialises in printing on glass items such as candle glasses and perfume bottles.

• 2021 February – Yankee Candle®, the world’s largest home fragrance company, has introduced its new Signature Collection. The new collection revitalises Yankee Candle’s design with reimagined tumbler candles and hand-illustrated labels depicting the fragrance notes within each scent.

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Key Segments

By Product Type:

Lock Bottom Box
Crash Bottom Box
Two-Piece Box
Straight & Reverse Tuck Box
Others

By Type:

Mass Box
Premium Box

By Shape:

Square
Round
Rectangle Box

Table of Content

Executive Summary
- Global Market Outlook
- Demand-side Trends
- Supply-side Trends
- Technology Roadmap Analysis
- Analysis and Recommendations
Market Overview
- Market Coverage / Taxonomy
- Market Definition / Scope / Limitations
Market Background
- Market Dynamics
  - Drivers
  - Restraints
  - Opportunity
  - Trends
- Scenario Forecast
  - Demand in Optimistic Scenario
  - Demand in Likely Scenario
  - Demand in Conservative Scenario
- Opportunity Map Analysis
- Supply Chain Analysis
- Value Chain Analysis
  - Profit Margin Analysis
  - Wholesalers and Distributors
  - Retailers
- PESTLE and Porter’s Analysis

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Hospitality Staffing Market was growing at a CAGR of 6.5% through 2032, reached the value of US$ 1886.6 Billion

As per the study at Future Market Insights, the hospitality staffing market is valued at US$ 971.3 billion in 2022 and is expected to reach US$ 1886.6 billion by 2032, growing at a 6.9% CAGR.

The driving growth of the hospitality staffing market is attributed to the recovering hotel industry, new tourist spots opening up, high discounts on tourist packages along with technologically advanced platforms that make it easy for the end users to access the travel locations, hotels, and transportation.

The hospitality sectors demand competent and professional staff that adds value to the hospitality services while enrolling in time-to-time training programs to increase the understanding of the work culture.

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The growing population, along with new travel locations opening, are pushing the hospitality sector and government to invest more capital into the hotels, parks, monuments, and accommodation facilities, using the latest advanced technology.

The government and its initiative have put forward the agenda of making the travel and hospitality industry survive and then get it back on track. As soon as the restriction and lockdown had been lifted, the hospitality centers started hiring new employees.

The major restrictions that hold the hospitality staffing market backward are the use of third-party services along with the incompetency of the management that fails to hire the right set of staff that helps the business is growing exponentially.

The latest trend that changes the dynamics of the hospitality staffing market is the online marking system that helps the candidate gain market according to their skillset. This way, each position, and its required skillset gets fulfilled through these operations.

Key takeaways:

Market analysis explains that the market is categorized by work position, work and end user. These categories are further divided into small segments that expand their channels in multiple market spaces.
Manager segment is the largest segment by the work position type and will hold the biggest portion of the market in the forecast period, thriving at CAGR of 4.3% through 2032. The growth of segments is attributed to leadership vacuum, rising management issues, new project-based companies setting up in FMCG and travel industry.
Growing population along with new travels locations opening through are pushing the hospitality sector and government to invest more capital into the hotels, parks, monuments and accommodation facilities, using the latest advanced technology.

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Competitive landscape:
Some of the hospitality staffing market competitors listed in the FMI’s study on Hospitality staffing market are

Hospitality Staffing Solutions,
Remedy Intelligent Staffing,
Allinace Recruitment Agency,
The Service Companies, Inc.,
Alrich Hospitality Staffing Inc.,
Bolt Staffing Services,
Hospitality Staffing UK,
Luxe Hospitality Staffing, and
Refugee Staffing Agency.

Key Segments

By Work Position Type:

Manager
Specialist
Attendant
Others (Chefs, Auditor, Receptionist)

By Work Type:

Event Caterers
Janitors
Parking Attendants
Banquet and Restaurant Servers
Others (Prep Cooks, Housekeepers)

By End-use Industry:

Food and Beverages
Travel & Tourism
Lodging

Recent Developments

Hospitality staffing solutions has introduced its powering hospitality staffing solutions that cover workers and businesses and has also launched its new eBook named “Safety Matters: A Guide to Safety and Hospitality Contingent Labour”.

Remedy Intelligent Staffing has upgraded its hospitality staffing solutions with new best practices like introducing its app that can help the workers in finding jobs in the hospitality sector, pushing the sales of hospitality staffing solutions.

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Table of Content
1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

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Splicing Tapes Market is expected to create incremental opportunity of US$ 603 Mn in 2022

According to Future Market Insights (FMI), the global splicing tapes market is expected to witness growth at a steady 4.8% CAGR between 2022 and 2032. The sales in the splicing tapes market are projected to reach a valuation of US$ 603 Mn in 2022. Growth in the market is underpinned by rising application of paper splicing tapes in industrial sectors.

In the industrial sectors, the market is likely to witness growth on the back of growing preference for sustainable backing materials. Hence, end users are increasingly adopting the paper backing splicing tapes to cater to the growing demand.

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Consequently, manufactures in the splicing tapes market are capitalizing on this existing trend and developing creative and innovative packaging solutions. Some of the leading companies are introducing paper backing splicing tapes with rubber as the most preferred resin type.

Key Takeaways from Global Splicing Tapes Market

The paper tape segment is expected to account for ~60% of demand share during the forecast period, creating an incremental opportunity of US$ 571.6 Mn in 2032.
Based on application, manufacturing segment will expand at a CAGR of 4.3% over the assessment period.
China splicing tapes market is poised to expand at a CAGR of 4.3% during the forecast period.
South Asia is anticipated to be the most attractive region for the splicing tapes during the forecast period. This is attributed to the increasing penetration of splicing tapes in paper, tube & core industries.
Rubber is a popular resin in the splicing tapes market and is predicted to grow at a CAGR of 4.4% between 2022 and 2032.

“Splicing tapes are gaining significant traction in the manufacturing industries attributing to better adhesion to a variety of substrates. As splicing tapes can be removed without leaving adhesive residue, its consumption in packaging industry is expected to increase significantly.” Says FMI Analyst.

Will Increasing Use of Paper as Backing Material Propel in Global Splicing Tapes Market?

Splicing tapes are used primarily in the paper and printing, packaging, electric and electronics, and labelling sectors. Food and beverage, personal care, and manufacturing industries all use paper and paperboard packaging.

In the electrical and electronic industries, the need for splicing tapes is increasing. These tapes are appropriate for electrical and electronics applications as they are extremely resistant to saline water, steam oils, detergents, and chemicals. As a result, it’s ideal for repairing electrical cables, bolted connections, pipes, and cellular towers.

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Global Splicing Tapes Market by Category

By Backing Material Type:

Paper Tissue
Polyester
Non-Woven

By Resin Type:

Acrylic
Rubber
Silicone

By Application:

Manufacturing
Packaging
Paper & Printing

Global Splicing Tapes Market Landscape

Splicing Tapes have varied key players in the some of them are

3M Company,
Shurtape Technologies LLC,
Tesa SE,
Saint-Gobain Tape Solutions Europe,
Nitto Belgium NV,
Advance Splicing Splicing tapes International Ltd.,
PPM Industries S.p.A,
Vibac Group S.p.a,
Intertape Polymer Group Inc.,
Berry Global, Inc.,
Beorol d.o.o,
Folsen Splicing Splicing tapes,
FABO s.p.a.,
Scapa Industrial,
Cintas Adhesivas Ubis, S.A.,

MBK Tape Solutions, NADCO® Splicing Splicing tapes & Labels, Inc., Pro Splicing Splicing tapes & Specialties, Inc., Sicad Group and PPI Adhesive Products Limited.

Global Splicing Tapes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for global splicing tapes market by material type (paper, pet/polyester, non-woven, others (PVC, fibre, pp, pe)), by resin (acrylic, rubber, silicone), by application (manufacturing, packaging, paper & printing) , by region (North America, Latin America, Europe, South Asia, East Asia, Middle East and Africa)

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Table of Content
1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

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Moving Supplies Market is predicted to grow to US$ 1004.6 Billion by 2032, at a CAGR of 4.4% during the forecast period

The moving supplies market is expected to escalate at a CAGR of 4.4%, from USD 651.6 billion in 2022 to USD 1004.6 billion through 2032.

Amid the COVID-19 crisis, the global market for moving supplies is estimated at US$ 651.6 Billion in 2022 to US$ 1004.6 Billion in 2032. Previously, the market grew at a faster rate of 2.2% from 2015 to 2021, culminating in a market of US$ 623.6 Billion in 2021.

Various moving boxes are available in many sizes that meet the packaging needs of consumers; household items, as well as personal belongings such as laptops, televisions, beds, clothes, and kitchen appliances, can be conveniently packed and transported from one place to another.

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According to the analysts, online retailers are deploying product-specific boxes to protect items against mechanical stress, which is expected to fuel the global moving market growth.

By developing customizable boxing options, the use of space could be more efficiently utilized, which could lead to fewer airborne particles being transported, as well as more products being shipped in one load, which reduces greenhouse gas emissions from excess transportation, and this system-wide optimization can be achieved through open communication between brands, suppliers, manufacturers, and distributors, which lowers distribution costs as well.

Companies in the packaging industry are facing growing concerns regarding the macroeconomic environment and economically sustainable packaging. Construction and industrialization are growing at an accelerated pace in developing countries.

The globalization of businesses has also increased the number of products exported to other countries, which increases the demand for moving supplies to protect items during long-distance travel.

Despite their lower market share compared to other developed countries in the region, eastern European countries are expected to grow at a greater pace as their market penetration of the moving supplies market is greater. In addition, the UK, Germany, and France will lead the industry in Europe due to their mature food, beverage, and household product markets.

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KEY TAKEAWAYS:

The moving supplies market is predicted to develop at a CAGR of 2.6% in the price range section of the mass category.
In the United States, the moving supplies market is estimated to reach US$ billion by 2032, rising at a CAGR of % throughout the forecast period.
By 2032, the moving supplies market in the United Kingdom is expected to be valued US$ billion, with a CAGR of % through 2032.
With a CAGR of % throughout the forecast period, China is expected to reach a market size of US$ billion in moving supplies market by 2032.
By 2032, the moving supplies market in Japan is estimated to be worth US$ billion, growing at an annual rate of % through 2032.
With a CAGR of % throughout the forecast period, South Korea is predicted to reach a market size of US$ billion in moving supplies market by 2032.

COMPETITIVE LANDSCAPE:

Companies that have developed new products to increase their market share among consumers are also adopted by leading companies. It is these strategies that have led to the development of the moving supplies market.

On 29th October 2019, WestRock was honoured for packaging design excellence by the Paperboard Packaging Council at the 76th annual North American Paperboard Packaging Competition.

The world’s largest volume of digital corrugated packaging was produced by Georgia Pacific LLC on 29th January 2021 with the purchase of the HP PageWide T1190 press from Hewlett Packard.

Moving supplies are manufactured and marketed by Mondi Group Plc, DS Smith Packaging Limited, Oji Holdings Corporation, Smurfit Kappa Group Plc, International Paper Company, WestRock Company, Georgia Pacific Packaging LLC, Pratt Industries, Inc., Tat Seng Packaging Group, VPK Packaging Group nv, STORA ENSO OYJ, Nelson Container Corporation, Great Little Box Company Ltd., Acme Corrugated Box Co. Inc.

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RECENT DEVELOPMENT:

Bizongo has partnered with United Way, a non-profit organization, to supply protective gear for healthcare facilities, and has also launched a microsite with real-time tracking of demand and supply during the COVID-19 outbreak.
Tetra Pak’s global network of manufacturing sites has ensured to meet the surge in demand for the company’s full range of products in March 2020 to make sure that the global population has uninterrupted access to safe, healthy food.
At the Mondi Group’s production facility in Szczecin, Poland, a new production line will be installed in September 2021, expanding the packaging portfolio and streamlining processes. This expansion will also further establish the company as a leading provider of e-commerce packaging for the rapidly expanding European market.

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