Market Research Blog

The dosage unit sampling apparatus market is expected to reach US$ 2.71 Billion in 2022, growing at a Y-o-Y rate of 8% from 2021. In 2021, the market was valued at US$ 2.5 Billion and is expected to register a CAGR of 8.3% to reach US$ 6 Billion.

Dose uniformity is an important quality attribute to consider when determining the safety, quality, and efficacy of an inhaled and oral nasal drug. The dosage unit sampling apparatus is a device used to analyze the amount or dose delivered as well as the total amount of drug released from the inhaler in dry powder inhalers (DPIs) and metered dose inhalers (MDIs), and thus the amount available to the user.

Rising levels of air pollution, as well as occupational respiratory hazards. For a decade, inhalation-based treatment for respiratory diseases has been known, and advancements in inhalers and dosage unit sampling apparatus have increased treatment efficiency. Metered-dose inhalers (MDI) and dry powder inhalers (DPI) are the most commonly used inhalation treatments today.

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Which are Some Prominent Drivers Spearheading Dosage Unit Sampling Apparatus Market Growth?

Tobacco smoking, whether active or passive, has increased globally and is regarded as the leading cause of the chronic obstructive pulmonary disease (COPD). COPD prevalence was reported to be more than 251 million in the historical period, according to WHO’s Global Disease Burden Statistics. COPD is a chronic disease that begins with breathing difficulties and progresses to exacerbation and serious life-threatening illness.

COPD incidences are expected to rise due to rising tobacco smoking prevalence and an aging population, which is likely to increase the use of inhalers, which will increase the use of dosage unit sampling apparatus during the review period. Because of the foregoing, an increase in demand for dry powder inhalers is expected to boost demand for dosage unit sampling apparatus during the forecast period.

The growing geriatric population around the world is expected to indirectly drive demand for dosage unit sampling apparatus, as the risk of respiratory disease is higher in the elderly. Between 2000 and 2050, the geriatrics population is expected to grow from 606 million to 3 billion, accounting for 12% to 23% of the total population.

Why is Asia-Pacific Emerging as an Opportunistic Dosage Unit Sampling Apparatus Market?

Except for the Asia Pacific Because of rapid industrialization, which is transforming the manufacturing sector in emerging geographies such as India and China, Japan is expected to register the fastest growth in the global Dosage Unit Sampling Apparatus market.

During the forecast period, the Asia-Pacific metered-dose inhaler market is expected to grow at a significant rate of around 5%. A large population base susceptible to asthma and COPD, rising awareness about treatment for asthma and COPD, and the significant presence of market players in the region are major factors boosting the market growth.

How is North America Contributing to the Growth of the Dosage Unit Sampling Apparatus Market?

According to the CDC, COPD was the third leading cause of death in the United States, with a prevalence of nearly 15 million over the historical period. Furthermore, respiratory diseases are the leading cause of hospitalization and emergency room visits for children in North America. As a result of the foregoing, the North American market for Dosage Unit Sampling Apparatus is expected to account for a sizable share during the forecast period.

Market Competition

The dosage unit sampling apparatus market is highly fragmented, with both global and regional players present. Some of the prominent players in global dosage unit sampling apparatus market are Copley scientific, 3M, ERWEKA, Analytical Technologies Pte Ltd.

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Key Segments Covered in the Dosage Unit Sampling Apparatus Industry Report

By Product Type:

• Dosage Unit Sampling Apparatus for Dry Powder Inhalers (DPIs)
• Dosage Unit Sampling Apparatus for Metered Dosage Inhalers (MDIs)

By End Use Application:

• Dosage Unit Sampling Apparatus for Pharmaceutical Companies
• Dosage Unit Sampling Apparatus for Contract Based Companies
• Dosage Unit Sampling Apparatus for Research & Academics

By Distribution Channel:

• Dosage Unit Sampling Apparatus Sales via Hospital Pharmacies
• Dosage Unit Sampling Apparatus Sales via Retail Pharmacies
• Dosage Unit Sampling Apparatus Sales via Drug Stores
• Dosage Unit Sampling Apparatus Sales via Online Pharmacies

By Region:

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

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

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Global Respirator Fit Tester Market – Respirator Fit Testers play a pivot role as leakage of contaminated air can create breathing hazards to the respirator. The governments of different countries are enforcing laws to maintain safety at workplace and reduce the hazards caused to employees and this factor is resulting into increasing demand for respirator fit tester.

The challenging weather conditions involved in the working areas such as mining, aerospace, defense affect the breathing patterns of people. Factors such as high air pressure, temperature, humidity affects the breathing and can be fatal in nature due to scarcity of oxygen.

For example, United States Department of Labor enforce OSHA (Occupational Safety & Health Administration) standard is aimed at maintaining safety at workplaces

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Respirator Fit Tester Market: Drivers and Restraints

The increasing awareness about the employee safety is one of the prime factors boosting the growth of respirator fit testers. The ability of respirator fit tester to detect mask leakage, tight-fitting checking is increasing adoption of respirator fit tester.

The availability of technologically advanced respirator fit tester such as programmable tester, real-time fit checking tester is driving the market growth. In addition to this, the respirator fit tester manufacturers are undergoing constant up gradations in their products to deliver more advanced and user friendly testers to have an edge over their competitors.

• For example, TSI Incorporated offers various types of respirator fit tester with upgraded features. For Instance, the company has offered Portacount Respirator Fit Tester which eliminates error-prone conventional test methods.

On the other hand, high prices of respirator fit tester and longer lifecycle are some of the significant challenges hindering the growth of market.

Respirator Fit Tester Market: Key Players

Some of the leading manufacturers of respirator fit tester includes 3M Company, TSI, Occupational Health Dynamics, American Airworks, Moldex Metric Inc., Envirocon Instrumentation, Sensidyne, LP, ALLEGRO INDUSTRIES, Levitt-Safety Ltd., Honeywell International Inc., and others.

Constant product advancements is one of the key strategies followed by the respirator fit tester manufacturers. Also, these leading manufacturers are focusing on technological innovations.

• For example, AccuTec-IHS Inc. offers AccuFIT 9000, which can be used as standalone or connected device along with personal computers, tablets.
• Also, the respirator fit tester are ethernet connected, wi-fi enabled and have USB to improve the performance. These type of respirator fit testers can run four tests simultaneously.

Respirator Fit Tester Market: Region-wise Outlook

North America region is expected to hold significant market share from the sales of respirator fit tester due to stringent government regulations and standards enforced by United States Department of Labor in this region. These regulations are pushing the employers in this region to adopt the respirator fit tester in work environment to ensure safety.

This trend is also followed in Europe which is expected to witness substantial market share due to high adoption of respirator fit testers in various industries in these regions. The APEJ region is expected to register significant CAGR growth rate due to rapid industrialization and increasing importance of safety at workplace environment in this region.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and 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 segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved
• Technology
• Value Chain
• Market Drivers and Restraints

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
• Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

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Respirator Fit Tester Market: Segmentation

The global respirator fit tester market is segmented on the basis of type of test, and end use industry.

The respirator fit tester market is segmented on the basis of types of test conducted using this tester. The segmentation based on type of test includes

• Quantitative Respirator Fit Testing
• Qualitative Respirator Fit Testing

On the basis of industry, the respirator fit tester market is segmented into the

• Healthcare and Pharmaceutical
• Aerospace and Defence
• Mining
• Material Processing
• Oil & Gas
• Agriculture
• Others

About Future Market Insights (FMI)

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

Contact:

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Global Vortex Mixer Market : Vortex mixer remains a critical piece of laboratory equipment utilized for rapid mixing of samples. Some of the key attributes, such as small footprint and exceptional rpm make vortex mixer indispensable across multiple lab benches. Vortex mixer is being actively embraced across multiple application verticals, including microbiology, biochemical, bioscience, and analytical laboratories, in order to obtain a viable mixture of small vials of liquids in a fast oscillating circular motion.

Sensing the varying end-user requirements, manufacturers of vortex mixer are offering products at varying speeds and operational specifications. Moreover, manufacturers of vortex mixer also offer products with options of on-demand function and continuous function, which broadens the functionality of vortex mixer in line with varying end-use applications.

Manufacturers are also offering exclusive varieties of vortex mixers of varying configurations, ranging from pipette to multi-tube in combination with a variety of mixing options to cater to diverse requirements across labs. The demand for ergonomic designs are on a considerable rise and manufacturers of vortex mixer, in response to the aforementioned, are incorporating ergonomic designs with low profile for enhanced ROI benefits.

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The variable speed of the vortex mixer available in the customer marketplace ranges between 200 to 2500 rpm, which fits in the bill of multifarious requirements of various end-use applications.

Vortex Mixer Market: Introduction

Vortex mixer is used by many companies and laboratories in industries such as healthcare and biotechnology for mixing liquids, among other purposes as they save time and effort. A vortex mixer consists of a drive shaft and an electric motor, which are placed vertically and attached to a cup-type rubber piece, which is mounted slightly off-center.

Since the past few decades, the tool configurations of rigid vortex mixer is been modified to enhance the safety and reliability of a mixed liquid. Vortex mixer is being developed with low attenuation to mix liquids and solutions. A container is pressed into the rubber cup and the motion is transmitted to the liquid inside, which creates a vortex. These vortex mixer is preferred by manufacturers, owing to their low attenuation and ease of handling for mixing different solutions. Vortex mixer is especially used by chemical manufacturing companies.

Vortex mixer is manufactured in the 2-plate format and 4-plate format with variable speed options ranging from 100 to 3,200 rpm. They can run continuously or can be designed to run when downward pressure is applied to the rubber piece. This technology is adopted by many chemical manufacturing companies and laboratories around the globe for efficient handling of chemicals during manufacturing.

Vortex Mixer Market: Drivers and Challenges

Drivers

Vortex mixer is small in size and primarily used by hospitals, chemical factories and laboratories to mix different liquids and solutions. They are also adopted in industrial as well as fertilizer applications. The easy handling and operation of vortex mixer further drives their adoption. Moreover, they are capable of handling large volumes of liquids with minimum losses and reasonable costs and thus, find preference among manufacturers in the chemical industry.

Challenges

Range limitation, requirement of turbulent flow and calibration check are some of the key drawbacks associated with vortex mixers and thus, may impact their adoption to an extent. On the other hand, the price of daily use equipment has been rising, due to manufacturing costs, which is directly affecting the vortex mixer market.

The market is also being impacted by the fall in the consumer electronics sector, owing to price sensitivity. The low adoption of consumer electronics is also impacting the adoption rates of power electronic devices.

Vortex Mixer Market: Competition Landscape

Some of the key vendors identified across the value chain of the vortex mixer market include ACTGene, Inc., Benchmark Scientific, Inc., Eberbach Labtools, Grant Instruments, Heathrow Scientific, Labforce, Ohaus Corporation, Henry Troemner LLC and VELP Scientifica, among others.

Vortex Mixer Market: Regional Overview

On the basis of geography, North America is anticipated to capture the largest market share, owing to the presence of semiconductor and manufacturing companies with innovative technologies in the region. SEA & Others of APAC and Western Europe are also expected to gain substantial market share due to the introduction of new technologies, digitalization and easy operations. China is pegged to be a fast growing region in the vortex mixer market as many companies in the country are developing new technologies and focusing on innovation. The government in the country has also been taking initiatives towards technological advancements and increasing its budget on research and development, which is expected to further boost the growth vortex mixer market in the country.

The vortex mixer market in Latin America and MEA is also expected to witness high growth rates in the coming period, due to the rise in the adoption of smart electronic devices in the region.

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Vortex Mixer Market: Segmentation

The vortex mixer market can be segmented in a number of ways, but the most prominent criteria of segmentation are equipment type, frequency type, application and region

Segmentation of the vortex mixer market on the basis of equipment type:

• Single-tube vortex mixer
• Double-tube vortex mixer

Segmentation of the vortex mixer market on the basis of application:

• Chemical manufacturing
• Cement manufacturing
• Healthcare
• Food and beverage
• Others

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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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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The ankle boots market is estimated at US$ 840.2 million in 2022 and is projected to reach US$ 1,219.9 million by 2032, at a CAGR of 3.8% during the forecast period.

The growing number of megacities in developing nations is one factor that has contributed to the international demand for ankle boots. Ankle boots were quickly becoming a fad throughout Europe, especially in Paris. In addition, boots that end just above the knee and are crafted from exotic Morocco leather are becoming increasingly popular in the Big Apple.

The economy and urban populations of developing regions like Asia, Africa, and the Middle East are improving rapidly, fueling a massive increase of the ankle boots market share.Demand for ankle boots in Europe is estimated to grow at a comparable rate to that in North America over the forecast period, although Europe is expected to account for a smaller share of the market in terms of revenue.

The key drivers driving the growth of the ankle boot industry are people’s rising disposable incomes and their choice for high-end designs from luxury brands like Gucci, Prada, and Dior. In addition, this pattern plays a significant role. The Asia-Pacific region’s ankle boots market growth rate is predicted to be much lower than that of either North America or Europe over the forecasted timeframe.

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The expansion of the demand for ankle boots has been helped along by the rising popularity of a number of different fashion brands. The major companies that provide ankle boots are competing with one another based on the following criteria: durability, pricing, innovative design, and the overall quality of the raw materials utilized. In addition, retailers are placing a greater emphasis on promoting online retail as the distribution method that is most favored by customers.

In spite of its widespread popularity, there are a few factors slowing the global growth of the ankle boot industry. Consider, for instance, the cutthroat nature of competition between shoe manufacturers.

Sandals, casual shoes, and more formal styles can all work for women’s footwear. Ankle boots for women may not be able to increase in popularity around the world because boot manufactures have so much competition from other shoe companies. Consumer preferences change frequently, which means that even though boots are trending right now among women, that trend could be surpassed by another type of shoe, which would slow the development of the worldwide ankle boots market.

Key Takeaways

• North America is expected to expand at a high CAGR and reach an ankle boots market share of 14.02%
• The European ankle boots market is anticipated to hold a market share of 24.96%
• The ankle boots market is expected to reach a valuation of US$ 1,219.9 million in 2032.
• Ankle boots are now more widely available than ever thanks to the proliferation of well-structured retail outlets like department shops, discount outlets, online marketplaces, and specialist boutiques.
• The rising fads of e-commerce, smartphones, and mobile internet, in addition to the convenience and accessibility they provide, are expected to drive the demand for ankle boots forward in the next years.

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Competitive Landscape

The presence of several SMBs from all over the world is a distinguishing aspect of the ankle boots sector. To attract a large consumer base, these companies think beyond the box and offer a range of products, from budget-friendly styles to those of a higher quality.

The major companies in the global ankle boots market are using a few key strategies to increase their share of the industry. Among these methods are the development of new products and the merger and acquisition of other businesses to expand existing offerings.

Key Players:

• Thursday Boot Co. Downtown Boot
• M.Gemi Corsa Concavo Boot
• Everlane Day Boot
• Lundstone Australia Pty Ltd
• Vagabond Shoemakers
• Nisolo
• MARC FISHER FOOTWEAR. LLC. Boot
• Asos Design Action Chelsea Boot
• Sam Edelman Packer Bootie

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Ankle Boots Market Segmentation:

By Product Type:

• Kitten Heel
• Wedge Heel
• Block Heel
• Flat
• Lace Ups
• Buckle
• Straps
• Tassel
• Others

By User:

• Men
• Women

By Shoe Size:

• < 6 inches
• 9 – 10 inches
• 10 – 11 inches
• > 11 inches

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania

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About Future Market Insights (FMI)

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

Contact:

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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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The global fast-food reusable market size is projected to grow from US$ 17.1 Bn in 2022 to US$ 33.1 Bn by 2032, with sales growing at a CAGR of 9.3% between 2022 and 2032.

Rising adoption of reusable packaging solutions by leading fast-food brands to reduce plastic pollution is a key factor driving demand for fast-food reusables in the global market.The famous food chain brands are nowadays adopting new ways of packaging.

The main focus of the brands is to maintain the quality of the food and serve it hot and fresh to its customers. This helps brands to generate more amounts of potential clients and be able to attract a huge market. To promote the reusable products, various manufacturers make an alliance with top brands as a part of promotional activities.

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With the extensive use of reusable items, the businesses move forward towards environmental sustainability with minimal waste of single use paper cups and plastic pockets. The initiative from key players’ have triggered various other brands and businesses.

Various businesses such as Burger King have started serving their products in reusable plates and containers in their centers. This will enable them to reduce the use of single use plastic packaging

Key Takeaways from the Fast-Food Reusable Market Study

• By product outlook, boxes and containers segment is expected to hold a share of more than 40% in the global market during the forecast period.
• By end-use industry, the fast-food chains and fast-food centers collectively account for ~32% of total fast-food reusable market share worldwide.
• Due to rise in street food vendors and variety of cuisines in Asia, the region is expected to generate high demand for fast-food reusable.
• Demand for fast-food reusables is likely to grow at a robust pace across India over the next ten years.
• With rising demand for fast foods, the U.S. fast-food reusable market is poised tom grow at a prolific CAGR during the forecast period.
• The fast-food reusable market in Japan is anticipated to grow at a healthy pace amid rapid shift towards sustainable packaging for minimizing plastic pollution.

“The manufactures are putting efforts for expansion of their product line to cater to all types of customer requirements. They are also focusing on new ways of marketing to create presence in the international market.” Says an FMI analyst.

Who is winning?

Leading manufacturers of fast-food reusable are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of fast-food reusable market globally.

Major players present in the fast-food reusable market Amcor Pty Ltd., Sealed Air Corporation, BASF, Evergreen Packaging, Rehrig Pacific Company, Swedbrand Groups, IPL Plastics, Vetropack Holdings, Schutz Gmbh & Co., Tetra Pak, Ds Smith, WestRock Co., Graham Packaging, and Plastipak Holdings Incorporation among others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global fast-food reusable market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the fast-food reusable market based on the fast-food reusable market by material type (glass, metal, plastic, and wood), application (vegetables, fruits, eggs & meat, juices, and others), product outlook (bottle & jars, cans, cups, and boxes & containers), size (small, medium, and big), end use industry (hotels, fast-food centres, food chains, bakery, and others) across seven major regions.

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Global Fast-Food Reusable Market by Category

By Material Type:

• Glass
• Metal
• Plastic
• Wood

By Application:

• Vegetables
• Fruits
• Eggs & Meat
• Juices
• Others

By Product Outlook:

• Bottle & Jars
• Cans
• Cups
• Boxes & Containers

By Size:

• Small
• Medium
• Big

By End-Use Industry:

• Hotels
• Fast-Food Centres
• Food Chains
• Bakery
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

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About Future Market Insights (FMI)

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

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The global second hand bag market is set to witness an impressive growth rate of 6.2% over the forecasted years of 2022 to 2032. The second hand bag market size is anticipated to reach a valuation of around US$ 10.77 Billion by the end of year 2032 from the current valuation of US$ 5.9 Billion in 2022.

Since customers around the world are turning cost-conscious as it helps them maintain an affordable way of life, there has been a significant rise in demand for second hand bags in these years. More than 30% of consumers claim that they prefer to purchase used goods since their budget can be more readily managed by it.

Among the main drivers propelling the market are the rise in disposable income and the rise in demand for designer bags. Sales of second hand bags are projected to be driven by the demand for upscale purses for social gatherings and parties. Additionally, the market is growing as a result of the expanding impact of social media and celebrity fashion.

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Reducing carbon emissions and other dangerous elements has been made easier with the rise in second-hand goods usage. Choosing second hand bag over new is a clear step toward circular fashion and a practical technique to increase the usefulness of the product and its market value.

The demand for second hand bags in the Asia Pacific region has been spurred by the expansion in consumer purchasing power and the proliferation of online shopping portals.

Key Takeaways from Market Study

• The overall growth of the global second hand bag market is estimated to be around US$ 4.9 Billion over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 6.2%.
• According to material type, leather bags are the most attractive segment with a global share of more than 80% of the total sales of second hand bags.
• Though offline retail stores had a dominance over the global market for second hand items a few years ago, presently online retail stores have turned out to be major sales channel for the said market.
• Demand for second hand bags in North American countries have remained limited over the years that is estimated to be around merely 5% of the global share.
• European countries have witnessed a renewed interest in second hand items in recent years that had taken the second hand bag market share up to 15.2% by the end of year 2021.
• Over the projected period, the second hand bag market in the Asia Pacific region is anticipated to develop at the quickest CAGR.

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Competitive Landscape

Some of the well-known second hand bag market players are Fashionphile, Luxury Garage Sale, Rebag, Vestiaire Collective, Collector Square, Bob’s Watches, StockX, the RealReal, the Outnet, and the Luxury Closet among others.

Prominent companies in the second hand bag industry are using digitalization and targeted marketing practices to boost the demand for second hand bags in selected regions of the world.

Recent Developments in the Global Second Hand Bag Market:

• Farfetch Pre-Owned gives you the same upscale buying experience for second hand bags as it provides for its main website by opening its resale division that was launced in the year 2019.
• Vinokilo is a German company than operated a thrift shop and an offline community before they entered the web market. Along with trade in several used items within its close customers last year it started dealing in pre-owned apparels including second hand bags.

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Second Hand Bag Market by Segmentation 

By Raw Material:

• Leather
• Fibre
• Others

By End User:

• Men
• Women

By Sales Channel:

• Specialty Stores
• Multi-brand Stores
• Independent Small Retailers
• Online Retailers
• Other Sales Channel

By Region:

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

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About Future Market Insights (FMI)

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

Contact: 

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
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As per the analysis conducted by Future Market Insights, Airport Retailing market is valued at US$ 26837.8 Million. The market is anticipated to reach nearly US$ 79706.8 Million by 2032, by witnessing an impressive CAGR of 11.5% from 2022 to 2032.

The retailing world in the airport space has significantly ballooned in the past few years with increasing physical space for non-aviation activities, as the core aviation activities like check-in, bag-drops are conducted remotely. This is further expected to facilitate future growth during the period of forecast.

What is Driving Demand for Airport Retailing?

The players operating in the industry are undertaking constant efforts to find out the compelling factors that is encouraging consumer to engage in shopping during travel. Convenience and boredom while waiting for the flight are few of the prominent factors that has driven airport retail purchases among consumers.

Besides this, tax-free is another prominent factor encouraging airport retail sales.Apart from the identifying the factors the players operating in the industry are also analyzing the consumer spending habits on airport.

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Travelers that are required to spend some time on airport before their journey located in the same vicinity are the prominent target consumers for players operating in the industry. Thus the efforts on the part of players to gain their attention is further expected to drive sales in the coming years. 

Improving Services through Technology & Personalization Facilitating Retail Sales

Apart from the players in the industry airports are also engaged in increasing and enhancing traveler’s experience through personalization and technology. For instance, many of the airports are engaged in leveraging a traveler’s experience through augmented reality and virtual reality that guides a traveler or a prospective consumer towards the retail stores they desire at the airport.

Thus, the efforts on the part of airport hubs to ensure that the travelers make the best possible use of their waiting time is further expected to drive retail sales during the forecast period.

US and Canada Airport Retailing Market Outlook

The United States is one of the prominent hub. The airport retail sales in US is also projected to reflect a stable growth during the forecast period 2021-2031. Demand is expected to remain muted currently as the pandemic outbreak has extensively impacted the travel sector across the world.

Since past few years airport shopping corridors in the United States and Canada have now become significant tourist hubs. The growing frequency of travel and tourists in this region had led to an increase in the airport retail sales. However, with the pandemic outbreak causing a drastic decrease in the footfall of tourism has currently led to a slowdown in demand.

However, factors like growing attraction of brand towards airport retail arena, government initiatives to scale up revenues from airport are further expected to bring a slow recovery in the airport retail sales during the period of forecast.

Europe Demand Outlook for Airport Retailing

In the past few years the consumer’s spending habits have changed dramatically. Unlike before where consumers used to make spontaneous buying decisions, the consumers now conduct an active research regarding product availability and compare prices online and then make a purchase decision at the airport.

In light of this changing consumer habit, luxury travel purchases has gained popularity in Europe.In light of this growing luxury trend at airport retail, many luxury brands are considering airport as an antidote to fading malls.

Such changing perception on the part of luxury brands is further expected to drive penetration of brick and mortar stores in the airport hubs across Europe. Many well-established brands have claimed that the revenue generation through airports is rapidly increasing than the traditional department stores.

This is primarily observed in the case of beauty and fashion goods. However, the covid-19 pandemic outbreak has also significantly brought a downswing in Europe airport retail sales.

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Who are the Key Manufacturers and Suppliers of Airport Retailing?

Some of the leading players in the industry include

• Dubai Duty Free
• Airport Retail Group, LLC.
• Dufry AG
• King Power International
• Heinemann SE & Co. KG
• Flemingo International
• Japan Airport Terminal Co. Ltd.
• Others

Key Segments of Airport Retailing Market

By Category:

• Fashion & Accessories
• Perfumes & Cosmetics
• Liquor & Tobacco
• Food & Beverages
• Others

By Type:

• Direct Retailer
• Department Stores
• Supermarkets
• Specialty Retailers

By Airport Size:

• Small
• Medium
• Large

By Region:

• North America
  • US & Canada
• Latin America
  • Brazil, Mexico, Others
• Western Europe
  • EU5
  • Nordics
  • Benelux
• Eastern Europe
• Asia Pacific
  • Australia and New Zealand (ANZ)
  • Greater China
  • India
  • ASEAN
  • Rest of Asia Pacific
• Japan
• Middle East and Africa
  • GCC Countries
  • Other Middle East
  • North Africa
  • South Africa
  • Other Africa

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About Future Market Insights (FMI)

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

Contact:

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
LinkedIn| Twitter| Blogs