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Artificial Intelligence in Telecommunication Market Current Scenario Trends, Comprehensive Analysis & Regional Forecast 2022 to 2032

The worldwide artificial intelligence in telecommunication market is supposed to be worth US$ 918.6 million in 2022 and US$ 10,399.9 million by 2032, with a 27.5 percent CAGR from 2022 to 2032.

The reception of artificial intelligence in telecommunication is increasing as telecom organizations apply AI in different pieces of their activities, including improving consumer loyalty and organization strength. The interest for artificial intelligence in telecommunication is supposed to grow, as AI is predominantly utilized in client care applications by telecom organizations.

Moreover, the utilization of chatbots and menial helpers to deal with an enormous volume of installation, maintenance, and troubleshooting support demands is one of the huge improvements in artificial intelligence in telecommunication market.

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Besides, remote helpers scale and mechanize reactions to help demands, increasing client happiness and saving business costs. Subsequently, artificial intelligence in telecommunication market share is supposed to grow altogether through 2032.

The advancement of setting mindful AI frameworks that are intelligent and can rapidly determine their condition is quite possibly of the latest pattern in artificial intelligence in the telecommunication market. These frameworks utilize the notice arrange choose act way to deal with make choices. Accordingly, during the projection time frame, interest for artificial intelligence in telecommunication is supposed to rise.

Free time might be minimized using AI, which is another component driving the development of artificial intelligence in telecommunication market size. Moreover, maintenance work can be achieved rapidly by employing setting mindful innovation and IoT strategies.

Numerous businesses utilize robots to perform network fixes. Comarch is one such startup that utilizes AI-empowered robots to give telecom network maintenance arrangements.

Key Takeaways from Market Study

Due to the rising need for real-time behavioral insights, the consumer analytics category is expected to have the greatest market share by 2032, with a valuation of US$ 2,294.4 Mn.
As customer service automation saves costs for telecom companies, the virtual assistance market is expected to grow the fastest during the projection period, at a CAGR of 24.5 percent.
Europe is expected to dominate the artificial intelligence market in telecommunication by 2032, with a CAGR of 25.7 percent between 2022 and 2032. European telecommunication companies have been observed prioritizing investments in order to make better data-informed decisions.
By 2032, North America is expected to account for the second highest portion, with a value of US$ 1,802.7 Mn.
The Middle East and Africa artificial intelligence in telecommunication market is expected to be valued at US$ 419.6 Mn by 2022-2032, growing at the fastest CAGR of 31.1 percent.

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“The deployment of 5G technology in mobile networks, as well as the increasing demand for effective and efficient network management solutions, has fueled the expansion of artificial intelligence in the telecommunication business. Increasing smartphone AI-embedded adoption and increased acceptance of AI solutions in various telecom applications are predicted to drive demand for artificial intelligence in telecommunication.”- Future Market Insights Analyst.

Competitive Landscape

The presence of multiple players in artificial intelligence in telecommunication market makes it competitive. Market participants are attempting to increase their client base through a variety of strategic activities such as partnerships, mergers and acquisitions, and collaborations.

Furthermore, with the right forecasts from AI systems, users can obtain insight into their decisions before implementing them in real life. Telecom companies can get a competitive advantage by exploiting AI’s predictive capabilities.

The following companies are among the major players in the global artificial intelligence in telecommunication market: IBM Corp., Microsoft Corp., Intel Corp., Google LLC, AT&T Intellectual Property, Cisco Systems, Inc., Nuance Communications, Inc., Evolv Technology Solutions, Inc., H2O.ai, Infosys Ltd., Salesforce.com, Inc., and NVIDIA Corp.

Recent Developments in Artificial Intelligence in Telecommunication Market:

In March 2020, Google partnered with AT&T Intellectual Property to let enterprises use Google Cloud’s technology by leveraging 5G network connectivity. AT&T Intellectual Property’s 5G network capabilities and Google Cloud’s strengths in analytics, AI/machine learning, and networking are being combined to create 5G solutions.
In May 2021, Nokia launched AVA Telco AI as a Service, which provides cloud-based artificial intelligence solutions to communication service providers (CSPs) to automate capacity planning, network management, and service assurance.
Vodafone Group launched ‘TOBi,’ a machine learning chatbot that helps human customer support professionals to focus on more complex scenarios, in June 2019.

How is the Start-up Ecosystem in the Artificial Intelligence in Telecommunication Market?

Startups in the artificial intelligence in telecommunication market are conducting their own AI research in order to strengthen their business models. It is easier for telecom firms to make accurate decisions when using AI. Furthermore, with the appropriate forecasts from AI systems, users can gain insight into their decisions before putting them into action in real life. Telecom firms can get an advantage over their competitors by utilizing AI’s predictive skills.

For example, Cujo.ai has a one-of-a-kind product called Sentry, which can handle massive datasets in seconds. This AI system has advanced to the point where it can determine whether or not there is a security issue. Furthermore, these systems are highly trained with real-world data, allowing them to detect and respond to unauthorized network behaviors.

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Key Segments

By Application:

Network Security
Network Optimization
Customer Analytics
Virtual Assistance
Self-Diagnostics
Others

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

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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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RF Duplexer Market Trends, Competitive Analysis & Key Manufacturers Report 2022 to 2032

The worldwide RF duplexer market is ready to enroll a 10.7% CAGR, catching an income portion of US$ 7,847.3 million of every 2022, to arrive at US$ 21,623.5 million by 2032.

The cellular industry is growing rapidly due to increased lifestyle spending in developed as well as developing economies. Many countries such as US, Canada, India, and China etc. are some of the fastest growing economies which are constantly increasing their spending on communication devices such as smartphones, tablets, and PCs etc. thereby driving the adoption of wireless communication and military devices.

This has led to increasing number of applications of RF duplexers. Presently, there is a rise in demand for RF duplexers in electronic devices such as smartphones, portable PCs, tablets and set top boxes as its offers bi-directional communication.

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RF Duplexer is widely used in application areas such as military & defense, consumer electronics, aerospace, wireless communication etc. which is expected to increase the demand for RF duplexer in the market. Due to its compact size, it can be easily fit into smartphones and other electronic devices which lead to increase in demand of RF duplexer for various integrated solutions.

RF Duplexer Market: Market Dynamics

Rising deployment of LTE networks and increasing demand of RF duplexer in many wireless communication devices is expected to boost the RF Duplexer market. Development of mobile computing devices with advanced functions and multiple wireless bands has created complexity in RF devices. This complexity in RF devices can be a restraining factor for RF duplexer market. The emergence of automated and integrated solutions in electronic devices is the upcoming trend in the RF duplexer market.

RF Duplexer Market: Regional Outlook

North America is expected to hold the largest share of RF duplexer market due to the increasing wireless communication industry in this region. Asia Pacific is the fastest growing region due to technological advancement in wireless industry that creates huge opportunities in cellular segment which is expected to contribute major growth in RF duplexer market. Europe is projected to contribute to the growth of RF duplexer market in the forecast period due to the presence of RF duplexer provider in countries such as Italy, UK, and Germany.

How is the Competition Landscape in the RF Duplexer Market?

Few prominent players in the RF Duplexer market include Bird Technologies, Arrow Electronics, Inc., CTS Corporation, Qorvo, Inc., Wainwright Instruments GmbH, Anatech Electronics, Inc., Microwave Filter Company Inc., Renaissance Electronics & Communications, LLC, TDK Corporation, DFINE Technology Co., Ltd., Westell Technologies, Inc. and Broadcom Ltd.

Emerging Trends in the RF duplexer market are brought about as a result of the major players’ adoption of several growth strategies, including product launches, acquisitions, and collaborations.

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Segmentation RF Duplexer market

By Product Type:

Indoor Monitor
Outdoor Monitor

By End-User:

Petrochemicals
Residential
Commercial
Power Generation
Other End Users

By Pollutant Type:

Physical Pollutants
Chemical Pollutants
Biological Pollutants

By Sampling Method:

Manual
Continuous
Intermittent

By Region:

North America
Latin America
Asia Pacific
Europe
MEA

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Healthcare Contact Center Solution Market Analysis, Size, Share, Growth, Trends & Forecast 2022-2032

The worldwide healthcare contact center solution market is supposed to arrive at a market worth of US$ 6,762 Million out of 2022, further collecting a market worth of US$ 40,877 Million by enlisting a CAGR of 19.7% in the estimate period 2022-2032. The market for healthcare contact center solutions enrolled a CAGR of 18.1% in the verifiable period 2016-2021.

The demand for healthcare contact center solutions is growing with a high pace as most of hospitals are continuously looking for innovative ways to engage with their existing and potential customer. Moreover, the adoption of innovative contact center technology solutions enable hospitals to streamline their operational efficiencies.

Moreover, healthcare contact centre solutions offers hospitals several benefits such as proactive web engagement, balance patient care, and improved payment and collection process in order to improve healthcare customer experience.

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Healthcare Contact Center Solutions Market: Drivers and Restraints

The rising adoption of cloud based solutions and services in contact centers is turning to the major factor driving the healthcare contact center solution market. Moreover, the market has experienced significant growth owing to increasing areas of application in hospitals, which is becoming necessity to shift their IT infrastructure to the cloud in future. Moreover, cost reduction is also one of the major factor driving the market in positive manner.

Compliance and regulatory issues are the major challenges faced by most of the vendors in healthcare contact center solutions market.

Global Healthcare Contact Center Solutions Market: Market Segmentation

Segmentation Overview

Global Healthcare Contact Center Solutions Market can be divided into five segments, on the basis of deployment type, application, service, enterprise type and region.

Segmentation on the basis of the deployment type for Healthcare Contact Center Solutions Market as:-

The major segments of Healthcare Contact Center Solutions market on the basis of the type include: On-premises and cloud based.

Segmentation on the basis of the application for Healthcare Contact Center Solutions Market as:-

The major segments of Healthcare Contact Center Solutions market on the basis of the application include: workforce optimization, customer relationship management, interactive voice response, and others.

Segmentation on the basis of the service for Healthcare Contact Center Solutions Market as:-

The major segments of Healthcare Contact Center Solutions market on the basis of the services include: professional and managed services.

Segmentation on the basis of the enterprise type for Healthcare Contact Center Solutions Market as:-

The major segments of Healthcare Contact Center Solutions market on the basis of the enterprise type include: SMB’s and Large Enterprises.

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Global Healthcare Contact Center Solutions Market: Regional Outlook

On the basis of geography, Healthcare Contact Center Solutions market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the Healthcare Contact Center Solutions market in North America is expected to dominate during the forecast period owing to the deployment of cloud based contact center solutions by small and large enterprises in healthcare industry. North America region is expected to be followed by Western Europe, Japan and APAC.

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

Market Competition

Some of the major players of the healthcare contact center solution market are Genesys, Aspect Software, Invensys, DATAMARK Incorporated, Aspect, Ozonetel, and Virtusa Corporation.

In September 2021, IQVIA, a global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry, announced it has added new AI-powered technologies to enhance its existing Medical Information (MI) Contact Center services.
Life science companies use IQVIA’s MI Contact Center services to share information about new products and related therapeutic areas as well as monitor product quality and safety. This is done through teams of skilled agents responding directly to inquiries from consumers, patients, and healthcare professionals (HCPs) around the world.
IQVIA’s MI Contact Center services now deploy AI-powered virtual agents alongside skilled human agents to triage and respond to inquiries. This combination of AI-powered agents and human agents creates faster response times and reporting of adverse events or quality concerns.

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Key Segments Profiled in the Healthcare Contact Center Solution Industry Survey

Healthcare Contact Center Solution Market by Deployment:

On-premises Healthcare Contact Center Solutions
Cloud-based Healthcare Contact Center Solutions

Healthcare Contact Center Solution Market by Application:

Healthcare Contact Center Solutions for Workforce Optimization
Healthcare Contact Center Solutions for Customer Relationship Management
Healthcare Contact Center Solutions for Interactive Voice Response
Healthcare Contact Center Solutions for Other Applications

Healthcare Contact Center Solution Market by Service:

Professional Healthcare Contact Center Solutions
Managed Healthcare Contact Center Solutions

Healthcare Contact Center Solution Market by Enterprise Type:

Healthcare Contact Center Solutions for SMB’s
Healthcare Contact Center Solutions for Large Enterprises

Healthcare Contact Center Solution Market by Region:

North America Healthcare Contact Center Solution Market
Latin America Healthcare Contact Center Solution Market
Europe Healthcare Contact Center Solution Market
Asia Pacific Healthcare Contact Center Solution Market
Middle East & Africa Healthcare Contact Center Solution Market

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Hall-Effect Current Sensor Market Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Forecast 2022 to 2032

Worldwide hall-effect current sensor market request is expected to be esteemed at US$1128.0Million in 2022, estimate to develop at a CAGR of 9.4%to be esteemed at US$2765.0Million from 2022 to 2032. Development is credited to the rising interest in end-use enterprises like modern mechanization, car, and customer hardware. From 2016-2021 a CAGR of 7.4% was enlisted for the hall-effect current sensor market.

Covering a gamut of applications, Hall-Effect Current Sensor derives its applications in solar inverters, solar panel tracking, motor current sensing, robots, machinery, conveyor belts, escalators, moving cranes, consumer electronics devices and automotive. The growing need for current measurement rises the demand for Hall-Effect Current Sensors.

Current measurement is necessary for a variety of applications in various industries. Hall-Effect Current Sensor is a magnetic sensor which can sense current in any device and works on Hall Effect principle, which states that if a current carrying conductor is placed near a magnetic field, a voltage will be generated which will be directly proportional to the product of the current and magnetic field.

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Global Hall-Effect Current Sensor Market: Market Dynamics

Rising use of fully programmable current sensors due to the continuous technological advancements and the developmental strategies implemented such as contracts and agreements, product developments, partnerships, and expansions implemented by competitive players are the primary factors driving the growth of the market.

Also Hall Effect sensors offer various benefits such as high speed operations, broad operating temperature range, ease of use, cost effectiveness, robust & reliable performance with logic compatible input and output. These are some necessary features are required for the advanced electronics which we use today.

Also the Hall-Effect Current Sensor is a critical component in almost every industry. Like in automotive industry the Hall-Effect Current Sensor is used for applications such as current control, protection of devices from overcurrent, and power management including control of motor drives, converter control, overcurrent protection, and battery management. Also the rising demand for electric vehicles is expected to drive the market in near future.

However, low cost Hall-Effect Current Sensor with poor performance can thwart the growth of Hall-Effect Current Sensor market.

Global Hall-Effect Current Sensor Market: Regional Outlook

Regionally, the global Hall-Effect Current Sensor market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

The APAC region is expected to be the fastest-growing region for Hall Effect current sensors market. The major reason being the increasing adoption of Hall Effect current sensors is in automotive industries. While North America, an early adopter of the technology exhibited a significant growth, the trend expected to continue over the forecast period.

In the developed economies of the US and Canada, there is a high focus on innovations obtained from Research and Development (R&D) to increase accuracy and thus is expected to boost the market growth.

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Global Hall-Effect Current Sensor Market: Competition Landscape

The key vendors in the global Hall-Effect Current Sensor market are ABB Ltd, Honeywell International, Inc., STMicroelectronics N.V., Allegro MicroSystems LLC., Asahi Kasei Microdevice Corporation, Infineon Technologies AG, Melexis NV, LEM Holding SA, TDK Corporation and Kohshin Electric Corporation. Collaborating with other manufacturers in the Hall Effect current sensors market is the key strategy followed by major market vendors to gain competitive edge.

In February 2021- Allegro Microsystems, Inc. introduced the A17700, an automotive-grade interface IC for resistive bridge pressure sensors featuring top-of-the-line signal conditioning algorithms. The A17700 delivers premium performance and increased system efficiency with flexible interface options – all in a small form factor.
In June 2020, Allegro MicroSystems, LLC introduced an advanced hall-effect current sensor with accurate 400 kHz Current Sensor IC with 5 kV isolation rating. Enabling more efficient power conversion in higher frequency switching applications, the ACS37002 has 400kHz sensing bandwidth up to 180 A with low offset and better than 1% typical total accuracy over the full –40°C to 150°C auto temperature range.

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Key Segments Profiled in the Hall-Effect Current Sensor Industry Survey

Hall-Effect Current Sensor Market by Technology:

BiCMOS
CMOS
High Power Dissipation
Low Input Density
High Current Drive

Hall-Effect Current Sensor Market by Industry:

Industrial Automation
Automotive
Consumer Electronics
Telecommunication
Utilities
Medical
Railways
Aerospace & Defense

Hall-Effect Current Sensor Market by Region:

North America Hall-Effect Current Sensor Market
Latin America Hall-Effect Current Sensor Market
Western Europe Hall-Effect Current Sensor Market
Eastern Europe Hall-Effect Current Sensor Market
Asia Pacific Hall-Effect Current Sensor Market
Japan Hall-Effect Current Sensor Market
Middle East and Africa Hall-Effect Current Sensor Market

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Global Bagasse Tableware Products Market is set to expand at 6.8% CAGR between the forecast period of 2022 and 2031

The bagasse tableware products market revenue is expected to register y-o-y growth of 4.3% and reach US$ 1.95 Bn in 2021. This demand for bagasse tableware products will accelerate with top-tier players holding 25% to 30% of the total sales of bagasse tableware products.Future Market Insights (FMI) has forecast the global bagasse tableware products market to total US$ 3.75 Bn by 2031, expanding at 6.8% CAGR between 2021 and 2031.

Plastic and Styrofoam are the cheapest and most readily available packaging materials, but they are not nature-friendly. Bagasse is one of the most eco-friendly options used in making various food packaging and serving products.

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Key Takeaways from Bagasse Tableware Products Market

By product type, the plates segment is expected to hold market share of around 42% by 2031.
Based on application, demand in the food segment will account for 89% of sales in the market by 2031.
By sales channel, the direct sales segment is projected account for over 66% market share by 2031.
Bagasse tableware products are used widely for commercial, institutional, and household sectors. The commercial use segment is expected to create an incremental opportunity of US$ 1.7 Bn during the forecast period.
The East Asia region is expected to be highly lucrative, while South Asia is projected to outpace other regions exhibiting ~8% CAGR during the forecast period.

“Customized eye-catchy eco-friendly bagasse tableware products made from sugarcane residual are becoming increasingly popular for use in institution, commercial, and household sectors. Besides this, growth in quick-service restaurants, mobile food vendors, online food ordering business, and catering services will create attractive prospects for the growth of the market,” says FMI analyst.

Continued Efforts of Manufacturers to Improve the Physical Attributes for Branding to Spur Demand for Bagasse Tableware Products

Bagasse tableware products are in the spotlight due to the rising trend of sustainable living practices. Eco-friendly bagasse tableware products are increasingly replacing products made out of non-biodegradable plastics.

Companies are focusing on introducing innovative and eye-catching designs with new textures and graphics (on-pack promotions) to influence customers to purchase natural, eco-friendly products. Bagasse tableware products are gaining momentum in green-minded cafeterias, the foodservice sector, quick delivery restaurants, and catering services.

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Offering personalized and specialized products according to the customer’s needs is a critical trend in the market. The manufacturers are thus focusing on customizing the product designs as per the consumers’ requirements.

The use of unique customized designs as a billboard space to showcase the logo, messages, and company taglines will enhance the market status of bagasse tableware product manufacturers who offer these services. Using environmentally friendly and sustainable products to improve and enhance the brand image is also a key aim for end users.

The manufacturers strive to improve the product quality by using cutting-edge technology to extend the shelf life and retain the quality and freshness of products for a longer time. They also target innovative product packaging, aesthetic appearance, and overall presentation to attract the customer’s attention. Therefore, to address the growing aspirations of target customers, the manufacturers are offering customized, distinctive, brand identity-based products, which will boost the bagasse tableware products market.

Bagasse Tableware Products Market Landscape

Pactiv Evergreen Inc., Dart Container Corporation, Duni AB, Genpak, LLC, Detpak (Detmold Group), Karat by Lollicup, Vegware US, Eco Products, Inc., Greenweimo, among others are the prominent players in the global bagasse tableware products market. The Tier 1 players in the market hold 25-30% in the global bagasse tableware products market.

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Bagasse Tableware Products Market by Category

By material type:

Plates

Less than 8 inches
8 inches to 12 inches
More than 12 inches

Bowls & Containers

Less than 12 Oz
12 Oz to 16 Oz
More than 16 Oz

Cups & Glasses

Less than 6 Oz
6 Oz to 12 Oz
More than 12 Oz

Trays & Clamshell

Cutlery (Spoons, etc.)

By application:

Food

Fruits & Vegetables
Processed Food
Ready-to-eat meals
Soups
Others

Beverages

Carbonated Beverages
Non-carbonated Beverages
Tea & Coffee
Milk Products
Juices

By sales channel:

Indirect Sales
Departmental & Discount Stores
Hypermarket/Supermarket
Specialty Stores
Online Sales
Direct Sales

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Self-adhesive Tear Tapes Market is expected to reach US$ 211.7 Mn in 2022

Self-adhesive rip tape sales are anticipated to reach US$ 211.7 million in 2022 and US$ 292.3 million in 2029, respectively, at a CAGR of 4.7 percent. In 2021, the market for self-adhesive rip tapes was expected to account for 4% of the $5.1 billion worldwide packaging tapes industry.

The self-adhesive tear tapes market generated US$ 202.2 Mn in sales in 2021, according to FMI. By the end of 2029, the global market for self-adhesive tear tapes is anticipated to grow by 1.4 times its current market value. The top 5 suppliers will control 25–35% of the self-adhesive tear tapes market in 2021, driving up demand for Polypropylene (PP) self-adhesive tear tapes.

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Historic And Forecast Market Outlook For Self-Adhesive Tear Tapes

The global self-adhesive tear tapes market is estimated to expand 1.4 times the current market value during the forecast period, at the same time creating an incremental opportunity of US$ 90.1 Mn due to the increasing preference for biodegradable material among the various end use industries.

The self-adhesive tear tapes are the adhesive tapes used as an easy opening application for the various packaging formats. The self-adhesive tear tapes are preferred by various end use industries such as food, tobacco, pharmaceuticals, personal care & cosmetics, electrical & electronics, and others.

These tapes offer excellent shear resistance, high tensile strength, strong ultimate adhesion, and good initial tack which gains traction among the end use industries.

Competitive Landscape

The key players operating in the self-adhesive tear tapes market are focusing on innovation by launching a sustainable solution for various applications. Also, the key players are focusing on getting recognized by offering new products under their self-adhesive tear tapes portfolio.

In November 2021, HB Fuller Company won the European Federation of Corrugated Board Manufacturers (FEFCO) sustainability award for its new sustainable tear tapes designed for e-commerce packaging.
In January 2021, Tesa SE announced the launch of high performance & easy-to-use masking tape which can withstand multiple high-temperature drying cycles across a variety of applications.

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Key Companies Profiled

DS Smith plc
Bagla Group
H.B. Fuller Company
3M Company
Tesa SE
Wavelock Advanced Technology Co., Ltd.
Marotech Inc.
Tann Germany GmbH
Essentra Plc.
NADCO Tapes & Labels, Inc.
Uyumplast Ambalaj San.tic.ltd.?ti
AEC Group
Western Paper Industries (Pvt) Ltd.
NOWOFOL GmbH

Self-Adhesive Tear Tapes Market By Category

By Width :

Up to 2.5 mm
2.6 mm to 5.0 mm
Above 5.0 mm

By Material Type :

Polypropylene (PP)
- Biaxially Oriented Polypropylene (BOPP)
- Cast Polypropylene (CPP)
- Mono Oriented Polypropylene (MOPP)
Polyvinyl Chloride (PVC)
Polyethylene Terephthalate (PET)
Polyethylene (PE)
Others

By End Use :

Food
Tobacco
Pharmaceuticals
Personal Care & Cosmetics
Electrical & Electronics
Others (Agriculture, Logistics, etc.)

By Region :

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

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Table of Content

1. Market Overview

1.1. Market Definition

1.2. Market Coverage

2. Key Market Trends

2.1. Key Trends Impacting the Market

2.2. Product Innovation / Development Trends

3. Key Success Factors

3.1. Product Adoption / Usage Analysis

3.2. Product USPs / Features

4. Global Self-adhesive Tear Tapes Market Demand Analysis 2014-2021 and Forecast, 2022-2029

4.1. Historical Market Volume (‘000 Sq. Mt.) Analysis, 2014-2021

4.2. Current and Future Market Volume (‘000 Sq. Mt.) Projections, 2022-2029

4.3. Y-o-Y Growth Trend Analysis

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Rotational Moulding Machines Market is expected to surpass US$ 1,089 Mn by 2029

At a CAGR of 2.9 percent from 2022 to 2029, the Rotational Moulding Machines Market is anticipated to reach US$ 890 Mn in 2022 and US$ 1,089 Mn by 2029. The market for rotational moulding machines accounts for 1% to 2% of the US$58 billion global packaging machinery industry in 2021.

According to an analysis by FMI, the astounding expansion that industrial and manufacturing have had over the past ten years is one of the main factors boosting sales of rotational moulding machines. Rotational moulding machine sales are forecast to reach 10,728 units globally in 2022 and 13,015 units globally in 2029 due to an expected increase in demand.

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The latter half of the 20^th century saw improvement in the products made, with focus on monitoring the steps of the process and their impact on uniformity and quality. This led to the creation of the Rotolog, to monitor and control the cooling aspect, providing direction for the growth of the industry.

Rotational monitoring machines as they exist today are being seen as a perfect solution, with more applications for the process being thought of, the rotational mouldings market is likely to grow in the foreseeable future

The sales of rotational moulding machines are estimated to register a growth of US$ 228.3 Mn over the forecasted period between 2022 and 2029, in comparison with the growth of US$ 150.8 Mn recorded between 2014 and 2021.

As a process, rotational moulding, the application of which are highly versatile as are increasingly being used in the manufacturing products across industries. However, the use of rotational moulding machines for the creation of containers such as tanks is likely to remain high while the drums and bins and similar objects are also gaining traction.

Strategic focus on Customization

Within manufacturing as an industry, the trend of customization has had an astounding influence on rotational moulding machines. Manufacturers are looking to capitalize on this trend by adding the production of tailor-made machines to cater to the consumer’s requirement, to their portfolio. This is being implemented as a strategy by key players looking to maintain their competitive edge in the market.

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PLC Controlled Machines for Productivity and Performance

The overarching influence of advancement has led to the integration of programmable logic controller (PLC) with machine interfaces in order to simplify the process itself. With the introduction of PLC machines, along with overall operational efficiency, productivity rates also significantly improved, benefitting players in the business. Because every aspect can be monitored and controlled, including temperature, pressure and even the thickness of the product itself, they are being considered as a viable alternative to non-PLC machines.

Players in the industry are slowly but steadily getting into rotational moulding machines that are equipped with PLC to hold their advantage in the landscape.

Competitive Landscape

Major players across the global rotational moulding machines market are focusing upon producing technologically advanced rotomoulding machinery solutions and focusing upon increasing their international presence by expanding their operational and distribution network:-

In December 2021, Rotomachinery Group achieved “Industry 4.0” certification for its rotational moulding machines.
In February 2020, Perisco SpA acquired bielomatic plastic Leuze GmbH + Co. KG, which is a plastic welding systems manufacturer in Germany.

Key Companies Profiled

The Rotomachinery Group
N. A. Roto Machines & Moulds India
Rotoline USA
Ferry Industries, Inc.
Shandong Zhongtian Rubber & Plastic technology Co., Ltd.
Persico S.p.a.
Fixopan Machines Pvt. Ltd.
Caccia Engineering Srl
Crossfield Excalibur Ltd.
Orex Rotomoulding
Roto Machines Ltd.
Yantai Huantong Rotational Moulding Equipment Co., Ltd.

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Rotational Moulding Machines Market by Category

By Product Type:

Carousel Rotational Moulding Machines
Rock & Roll Rotational Moulding Machines
Shuttle Rotational Moulding Machines
Up & Over Rotational Moulding Machines
Clamshell Rotational Moulding Machines

By Application:

Tanks & Container
Drums & Bins
Carts & Carrier
Toys & Kayaks
Others

By End Use:

Food & Beverage
Agriculture
Automotive & Marine
Chemicals & Petrochemicals
Pharmaceuticals
Homecare
Other Industrial

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

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Compostable Foodservice Packaging Market is expected to reach US$ 19.9 Bn in 2022, likely to surge at a vigorous 5.5%

With a predicted CAGR of 5.5 percent from 2022 to 2029, the global market for compostable foodservice packaging is expected to reach US$ 19.9 billion in sales in 2022 and US$ 28.8 billion by 2029. Trays and cups are expected to make up more than 45 percent of the total biodegradable foodservice packaging sold worldwide in 2022, out of all the packaging types used in this industry.

Nearly one-third of the $6 billion in global sales of biodegradable foodservice packaging is expected to come from the European region in 2022.

Throughout the anticipated period, about half of the compostable foodservice packaging products will be composed of paper and paperboard.

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With plastics becoming one of the biggest challenges in the world right now, brands prolifically using such materials will need to act quickly to find reliable alternatives. Technological innovations are being made to reduce the price of compostable foodservice packaging, and FMI’s study assesses that the global efforts to become a more sustainable society will be instrumental in creating new growth opportunities for the market vendors.

Trays Continue to Gain Preference Over Other Packaging Format

According to the study, the composite foodservice packaging market is estimated to grow at a CAGR of approximately 5% through 2029. One of the key growth drivers is a notable spike in the number of quick service restaurants (QSRs), especially in developing countries, which align with todays’ convenience and on-the-go culture. In addition, surging adoption of foodservice disposables, in the view of an increase in the demand for pre-packed food, has been preparing the grounds for compostable foodservice packaging penetration.

The study finds that compostable trays continue to account for relatively large share of manufacturers’ bottom lines, while more focus has been placed on increasing the production of compostable cups, as the category is witnessing rising demand from a multitude of end-use sectors. As the search for sustainable solutions scales up, companies operating in packaging industry are starting to launch a number of products made entirely from plant-based materials including mushroom roots, bagasse, seaweed, and starch derived from maize.

What Makes Paper & Paperboard as Most Preferred Material Type for Producing Compostable Foodservice Packaging?

Cost-effectiveness along with the minimized impact on the environment makes paper & paperboard as most preferred material type by compostable foodservice packaging manufacturers all over the globe.

The paper & paperboard material type is expected to offer a profitable incremental opportunity of US$ 4.9 billion over the forecasted period. The rising number of key industry players switching to paper & paperboard for producing disposable foodservice packaging products can be the reason behind the growing demand for the same.

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Which Region is The Largest Market for Compostable Foodservice Packaging?

As per the region-wise market survey, Europe is projected to account for maximum sales of compostable foodservice cutlery among all other regions of the globe. The rising awareness regarding the harmful effects of pollution on the environment along with consumer bases preferring sustainable packaging products makes it the largest market for disposable foodservice packaging.

The sales of compostable foodservice packaging across Europe is expected to grow 1.4X between 2022 and 2029, due to rising efforts by European Union on reducing the waste generated through food packaging in the region.

Competitive Landscape

Globally renowned compostable foodservice packaging manufacturers are focusing upon expanding their international presence through launching variety of innovative disposable foodservice packaging products to stay ahead of their competitors:-

In September 2021, Huhtamaki Oyj acquired Elif, which is a major supplier of sustainable flexible packaging products to global brand owners.

Key Companies Profiled

Huhtamaki Oyj
WestRock Company
Stora Enso
Georgia Pacific LLC
Be Green Packaging
Berry Global, Inc.
Pactiv LLC
TIPA Compostable Packaging
Genpak, LLC.
Virosac S.r.l.
Lollicup USA

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Compostable Foodservice Packaging Market by Category

By Packaging Type:

Plates
Trays
Bowls
Cups
Clamshell
Cutlery
Pouches & Sachets
Others

By Material Type:

Plastic
- Polylactic Acid (PLA)
- Polyhydroxyalkanoate (PHA)
- Polybutylene Succinate (PBS)
- Polybutylene Adipate Terephthalate (PBAT)
- Starch Blends
- Others
Paper & Paperboard
- Coated Unbleached
- Molded Fiber
- Other Grades
Others

By End Use:

Chain Restaurants
Non-Chain Restaurants
Chain Café
Non-Chain Café
Delivery Catering
Independent Sellers/ Kiosks

By Region:

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

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Nutraceutical Packaging Market is estimated to be valued at US$ 3.6 Bn in 2022

Global consumption of nutraceutical packaging currently accounts for a net worth of US$ 3.6 Bn, and is slated to expand at a CAGR of 5.4% to reach a market valuation of US$ 5.2 Bn by 2029.Substantial rise in health consciousness on a global level has majorly influenced packaging for nutraceuticals as these products are now being served to a larger demographic on a bigger scale than ever before. Developments in the packaging industry and sustainability trends have also shaped the advancements in packaging for nutraceuticals over the past few years.

Rising prevalence of preventive medical services, expanding geriatric populace, developing utilization of nutraceuticals by the more youthful populace, rising shopper mindfulness about packaging patterns, expanding per capita extra cash, rising accessibility and moderateness of various nutraceutical items, and so forth, are a portion of the majordivfactors that are supposed to drive shipments of nutraceutical packaging at 5.4% CAGR through 2029.

A Growing Consumer Shift to Preventative Care

The nutraceutical packaging market is dynamic and constantly developing with developing shopper center around wellbeing and prosperity. Nutraceutical packaging businesses are ceaselessly following customer patterns and requests regarding useful food, dietary enhancements, and practical drinks. The utilization of food supplements and extra supplements is reliably expanding because of basic medical problems like diabetes, hypertension, cardiovascular sicknesses, osteoarthritis, osteoporosis, and so forth.

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Expanding wellbeing cognizance and purchaser interest for explicit regular fixings in food supplements are driving the development of the nutraceutical market in the U.S. Shoppers have more confidence on normal fixings over drugs. Subsequently, the producers of nutraceuticals are expanding their portfolio with the consideration of home grown and inherent items in the enhancements.

New open doors for nutraceutical packaging businesses are expected with the expansion of item portfolio and expanding utilization of supplements. In the U.S. market, it is seen that the utilization of nutraceuticals is more among senior individuals to deal with maturing issues. Consequently, the future development of the nutraceutical packaging market is reliant upon youth, who favor nutraceuticals for actual wellness, rec center, and sports exercises.

Competitive Landscape

Nutraceutical packaging manufacturers are focusing on new product launches to expand their product portfolios and boost sales across various regions. Nutraceutical packaging companies are also investing in mergers & acquisitions to increase their market share in the global landscape.

In April 2021, Origin Pharma Packaging, a leading name in the pharmaceutical packaging industry, announced the launch of its new packaging design agency for its nutraceutical businesses. Design Innovation Development (DiD) will be working with international firms as well as local businesses to provide customized packaging solutions.
In September 2021, a U.K.-based nutricosmetics and supplements company called HEBE LIFE featured its products in a new packaging format. The new tamper-evident label is equipped with a QR code that enables product authentication, geolocation tracking, anti-counterfeiting, and band protection, and delivers a packaging solution for smart consumers.

COVID-19 Crisis Evaluation

There was steady growth observed in the nutraceutical packaging market in the pre-pandemic era, and this growth was disrupted by the COVID-19 pandemic in 2020. The pandemic affected the world in many different aspects and most economies took a major hit during this period.

Increased focus on immunity during the pandemic propelled demand for vitamin supplements, and this substantially impacted nutraceutical packaging shipments. However, due to restricted manufacturing activity and disruptions to supply chains, sales of nutraceutical packaging were impacted negatively and saw a drop in 2020.

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Competitive Landscape

In April 2021, Origin Pharma Packaging, a leading name in the pharmaceutical packaging industry, announced the launch of its new packaging design agency for its nutraceutical businesses. Design Innovation Development (DiD) will be working with international firms as well as local businesses to provide customized packaging solutions.
In September 2021, a U.K.-based nutricosmetics and supplements company called HEBE LIFE featured its products in a new packaging format. The new tamper-evident label is equipped with a QR code that enables product authentication, geolocation tracking, anti-counterfeiting, and band protection, and delivers a packaging solution for smart consumers.

Key Segments of Nutraceutical Packaging Industry Survey

By Packaging Type:

Blisters
Bottles & Jars
Bags & Pouches
Stick Packs
Boxes & Cartons
Containers
Sprays
VSP & MAP

By Product Type:

Nutraceutical Packaging for Dietary Supplements
Nutraceutical Packaging for Functional Foods
Nutraceutical Packaging for Functional Beverages

By Product Form:

Tablets & Capsules
Powder & Granules
Liquid
Solid

By Material:

Glass Nutraceutical Packaging
Paperboard Nutraceutical Packaging
Plastic Nutraceutical Packaging
Aluminium Nutraceutical Packaging

By Ingredient:

Vitamins
Minerals
Prebiotics
Probiotics
Amino Acids
Omega 3 Fatty Acids
Others

By Region:

North America Nutraceutical Packaging Market
Latin America Nutraceutical Packaging Market
Europe Nutraceutical Packaging Market
East Asia Nutraceutical Packaging Market
South Asia & Pacific Nutraceutical Packaging Market
Middle East & Africa (MEA) Nutraceutical Packaging Market

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Worldwide Oxy-Fuel Welding Equipment Market Is Anticipated To Have A Moderate 6.4% CAGR | 2022-2032

The global oxy-fuel welding equipment market is anticipated to have a moderate 6.4% CAGR, capturing a revenue share of US$ 1474.6 million in 2022, to reach US$ 2734.5 million by 2032.

The oxy-fuel welding process is a welding technique utilizing a compressed mixture of high energy density fuel and oxygen to generate a flame capable of elevating the temperature of the material to be welded. The three welding processes that fall under oxy-fuel welding are Oxyacetylene welding, Oxyhydrogen welding, Pressure gas welding and air acetylene welding. Among these four welding techniques, oxyacetylene welding is the most prominent technique adopted for the purpose of welding taking up more than 80% of the market share.

The equipment that is used to propagate the welding technique can be broken down into simple components comprising gas cylinders, flow regulators, mixing chamber, conveyance tubes and nozzle. Manufacturers of such equipment in the current scenario are more focused on producing individual parts than the standalone systems owing to less cost and ease in assembling. The oxy-fuel welding process is widely preferred in application areas where the availability of electrical power is a constraint while the welding process can be done with or without the use of filler material.

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Regional Outlook

The oxy-fuel welding equipment market can be related to the performance of the end use industry in each of the seven geographical locations across the globe. The North American market is anticipated to hold a healthy potential for the growth of the market owing to increase in fabrication and repair activities across the region especially in the U.S. The presence of large number of retailers and specialist sellers of oxy-fuel welding equipment is expected to aid in the growth of the market even further. The market in the Asia Pacific region also holds high potential to improve further in the future owing to large presence of small scale welding workshops that rely on cheaper welding options, particularly in China, ASEAN and India

Market Participants

Examples of some of the major players in the Global Oxy-fuel Welding Equipment market, identified across the value chain include:

Illinois Tool Works Inc.
Koike Aronson, Inc.
Colfax Corporation
The Eastwood Company
American Torch Tip Company
Quality Components Co. Inc.
Rexarc International, Inc.
Detroit Torch & Mfg. Co.
Flame Technologies, Inc.
Rotarex S.A.
Uniweld Products, Inc.
Tewelding Engineers

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Oxy-fuel Welding Equipment Market Dynamics

Though oxy-fuel welding technique has limited application in industrial scale operation, its utilization in repair and fabrication industry is the most prominent. Small scale repair shops run by a single or few welders typically adopt oxy-fuel welding technique due to lower investment costs and ability to weld large variety of materials has increased its popularity hence biding well for the growth of the oxy-fuel welding equipment market. Oxy-fuel welding technique is the least complex among all the welding techniques requiring minimum set up operation.

This technique requires the assembly of simple devices such as fuel tank, torch, mixing chambers among others hence, in-depth know how of such techniques is not necessary making it practically useful for people who are new to welding. The non-requirement of electricity in order to initiate the welding process is another factor helping in driving the oxy-fuel welding equipment market even further.

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