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Agriculture Packaging Market Segmentation and Analysis by Recent Trends, consumption by Regional data, Development, Investigation, Growth By 2031

Future Market Insights (FMI) delivers key insights on the global agriculture packaging market in its published report, titled “Global Agriculture Packaging Market: Industry Analysis 2018 – 2028 and Opportunity Assessment 2021–2031”.

In terms of revenue, the global agriculture packaging market is estimated to expand at a CAGR of 5.4% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.

Agriculture packaging is used for the storage of agricultural products such as pesticides, seeds, food grains, silage, fruits & vegetables, etc. by using pouches, bags/bins, silo bags, clamshells, bottle, trays, and bulk containers.

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Agriculture Packaging Market: Segmental Insights

The global market for agriculture packaging is further segmented as per product type, material type, barrier type, application and region. On the basis of product type, global market for agriculture packaging is segmented into pouches, bags/bins, silo bags, clamshells, bottle, trays, bulk containers, and others.

On the basis of material type, the global agriculture packaging market is segmented into plastic, paper board, glass, jute, and others. In addition, based on the barrier type, the global agriculture packaging market is segmented into low barrier, medium barrier and high barrier.

Furthermore, based on the application, the global agriculture packaging market is segmented into seeds & pesticides, silage, food grains and vegetables & fruits. This report assesses trends driving growth of each market segment on the global level and offers potential takeaways that prove substantially useful for other potential market entrants in the agriculture packaging market.

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Agriculture Packaging Market: Regional Forecast

The North America agriculture packaging market includes country level analysis for the U.S. and Canada. The U.S. agriculture packaging market is expected to grow at a CAGR of 4.3% over the forecast period.

The Latin America agriculture packaging market includes country level analysis for Brazil, Mexico, and Rest of Latin America. The Brazil agriculture packaging market is expected to expand at a CAGR of 5.2% over the forecast period.

The Western Europe agriculture packaging market includes country level analysis for Germany, Italy, U.K., France, Spain, Benelux, and Rest of Europe. Germany accounts for a significant market share in the Western Europe agriculture packaging market.

The Eastern Europe agriculture packaging market includes country level analysis for Russia, Poland, Ukraine and Rest of Eastern Europe. The Russia agriculture packaging market is expected to expand at a CAGR of 4.9% over the forecast period.

The Asia Pacific excluding Japan agriculture packaging market includes country level analysis for China, India, ASEAN, Australia and New Zealand and Rest of APEJ. The APEJ agriculture packaging market represents most lucrative geographic region wherein China represents substantial incremental opportunity over the forecast period.

The Middle East and Africa (MEA) agriculture packaging market includes country level analysis for GCC, South Africa, Turkey, Northern Africa and Rest of MEA. The Japan agriculture packaging market is expected to grow at a CAGR of 5.5% over the forecast period.

Agriculture Packaging Market Competitive Analysis

In this report, we have discussed individual strategies followed by top companies in terms of enhancing their product portfolio, creating new marketing techniques, mergers and acquisitions. The ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and company share collectively. Key players operating in the global market for agriculture packaging include Bemis Company, Inc., Sonoco Products Company, Mondi Group, LC Packaging International BV, Packaging Corporation of America, H.B. Fuller Company, Atlantic Packaging, NNZ Group, Parakh Agro Industries Ltd., International Paper Company, DS Smith Plc, Smurfit Kappa Group Plc, KapStone Paper and Packaging Corp, Silgan Holdings, Inc., Tetra Pak International S.A., Greif, Inc., Time Technoplast Ltd., Berry Global, Inc., Proampac LLC, and Klöckner Pentaplast Group.

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Key Segments Covered in Agriculture packaging Market Study

By Product Type:

Pouches
Bags / Bins
Silo bags
Clamshells
Bottle
Trays
Bulk Containers
Others

By Material Type:

Plastic
Rigid
Flexible
Paper Board
Corrugated Board
Carton board
Glass
Jute
Others

By Barrier Type:

Low-barrier
Medium-barrier
High-barrier

By Application:

Seeds & Pesticides
Silage
Food grains
Vegetable & Fruits

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.

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Pre-zippered Pouches Market Demand by Dry Food, Frozen Foods, Confections, Pet Food, Garden Products

Pre-zippered Pouches Market Overview

Pre-zippered pouches are pouches, which are created from pre applied zippered packaging films, which are equipped with a transverse reclosable zipper. This zipper provides a barrier to prevent water or stringent moisture from entering the pouch, and thus, preserves the flavor and freshness of the product. Pre-zippered pouches can be used for both barrier and non-barrier packaging applications.

With pre-zippered pouches, there is a flexibility to use regular and reclosable bags without any additional expenditure on manufacturing reclosable packages or pouches. The pre-zippered pouches market is growing efficiently because of its features such as, enhanced sustainability of the content, thereby improving user experience. Pre-zippered pouches are also able to maintain the product design similar to conventional pouches. Pre-zippered pouches are mainly used for dry food, frozen foods, confections, pet food, garden products and others.

Pre-zippered pouches are more economic than applying re-sealable fastening inline on conventional pouches. Pre-zippered pouches also assist in extension of shelf life of products, which in turn helps in developing the global pre-zippered pouches market. Due to strict government regulations, regarding the usage of plastics and low recyclability of pre-zippered pouches, growth of the global pre-zippered pouches market might be hampered. Pre-zippered pouches fulfil all the norms that a primarily packaged product is expected to satisfy. Some attributes such as portability, easy opening and reclosability drive the global pre-zippered pouches market.

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Pre-zippered Pouches market: Dynamics

Due to availability of the attribute “press-to-close”, pre-zippered pouches gains popularity among the consumers, as this attribute provides ease of use. Pre-zippered pouches require pre-zippered film for its manufacturing and is an ideal tool for companies planning to make shift from traditional or conventional packaging to reclosable packaging without any high expenditure or lag time. Pre-zippered pouch manufacturing requires the same equipment as is required for other flexible roll stock. This factor boosts the pre-zippered pouches market because the manufacturer can easily shift from traditional packaging to reclosable pouches without replacing the equipment.

Pre-zippered pouches offers all the benefits of the zippered pouches and are more beneficial than other reclosable packaging solutions. One restraint of pre-zippered pouches is that zippers of pre-zippered films add bulk and thus prevent the films from rolling tightly, unlike conventional rolls. Among all other techniques of reclosable and flexible plastic packaging, pre-zippered film is the best one. Manufacturing of pre-zippered pouches provides a saving of up to 25% in zipper material and no increase in set-up time, as compared to manufacturing of zippered pouches. The pre-zippered pouches market are anticipated to emerge as a tough competitor for the zippered pouches market due to its attributes.

Pre-zippered Pouches market: Geographical Outlook

The global pre-zippered pouches market has been divided into seven regions as follows –

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

Due to increasing number of middle class customers in the region, Asia Pacific is anticipated to witness significant growth in the global pre-zippered pouches market over the forecast period. European and North American pre zippered pouches market is also expected to increase at a healthy pace, owing to high demand for flexible packaging solutions in the food & beverages and cosmetics industries. The Latin America pre-zippered pouches market is expected to experience a similar growth trend as the Asia Pacific pre-zippered pouches market.

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Pre-zippered Pouches market: Key Players

Global pre-zippered pouches market is currently in growth phase, with time, more market players are anticipated to emerge. Some of the players operating in pre-zippered pouches market are– FLAIR Flexible Packaging Corporation, Uflex Ltd and Eagle Flexible Packaging.

Regional analysis includes

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

The 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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Pre-zippered Pouches market: Segmentation

On the basis of raw material,

Kraft Paper
Aluminium
Plastic

On the basis of product type,

Stand-up pouches

Flat/Pillow pouches

On the basis of end use,

Food & beverages

Cosmetics and personal care
Household Chemicals

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Stock Clamshell Packaging Market Demand Growing due to Product Durability and Prevent Damage to the Product

Stock Clamshell Packaging Market Overview

Packaging is the process of enclosing or protecting a product for storage, transportation and sale. Stock clamshell packaging is a rigid packaging format that ensures protection of the product during storage and transportation. The design of stock clamshell packaging includes two halves of thermoformed plastic shell hinged or heat sealed together. Stock clamshell packaging is usually clear and transparent which allows better product view. Stock clamshell packaging is used to protect consumer goods and electronics to ensure product durability and also to prevent damage to the product.

Stock Clamshell Packaging: Dynamics

Stock clamshell packaging provides high clarity, tight seals and custom packaging to the product. Off the rack inventory makes stock clamshell packaging an appropriate option for products that don’t have large volumes. Stock clamshell packaging is ideal for cell phone accessories, hardware items, fishing lures, and memory products. Stock clamshell packaging is widely used for consumer products in modern day because it does not require long lead time to produce and ship. There is a variety of shapes and sizes are available in stock clamshell packaging that is best fitted to the requirements.

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Stock clamshell packaging is a reliable option in the field of packaging because of its secure packaging which protects the product from damage. Stock clamshell packaging is widely used in food industry, electronic goods industry, and consumer goods industry. Packaging sector is concentrating towards the consumer interest, and at present, the basic priority of manufacturers are ease of use and convenience. Stock clamshell packaging is very effective in preventing damage to the product especially in the case of electronic items.

Stock clamshell market experiences significant growth due to increasing demand from small as well large size companies. Manufacturers have come up with various innovative material solutions in stock clamshell packaging market, as plastic packaging is a major concern of environmental protection groups. The trend in manufacturing stock clamshell packaging is thermoformed clamshell packaging which is a type of hinged container. Stock clamshell packaging is re-closable and reusable packaging solution.

Stock Clamshell Packaging: Regional Outlook

On the basis of geography stock clamshell packaging region is segmented into North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan (APEJ), Middle East & Africa (MEA) and Japan. North America market for stock clamshell packaging is expected to dominate the market throughout the forecast period. Along with North America, Asia Pacific is another leading market for stock clamshell packaging. Demand for stock clamshell packaging is increasing in the small and medium business where they sell their products through e-commerce. Rising e-commerce is highly influencing stock clamshell packaging in Asia Pacific region.

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Stock Clamshell Packaging: Major Players

Some of the players operating in the global clamshell packaging market include VisiPak Inc., Walter Drake, Inc., National Plastics, Inc., Plastic Ingenuity, Inc., Highland Packaging Solutions, Inc., Universal Plastics Corporation, Clearpack Engineering, Inc., Placon Corporation, Inc., Panic Plastics Inc., Dordan Manufacturing Company, Inc., Lacerta Goup, Inc., QPC Pack and Aikpak Plastic Forming.

Regional analysis includes

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Global Sock Clamshell Packaging Market: Segmentation

The global market for stock clamshell packaging is segmented on the basis of material type, product type, end-use, and size.

On the basis of the material type the global market for stock clamshell packaging is segmented as follows:

Plastic
Polyethylene (PE)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Recycled PET (R-PET)
Poly Vinyl Chloride (PVC)
Molded Fiber
Others

On the basis of product type the global market for clamshell packaging is segmented as follows

Quad-fold
Trifold
Others

On the basis of end-use the global market for clamshell packaging is segmented as follows

Food
Consumer Electronics and Accessories
Cosmetics and Personal care
Homecare
Stationery
Others

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Conipack Pails Market Demand Growing By Storing Chemicals, Lubricants, Paints, Grease

In recent few years, there has been a trend for the use of strong and sturdy packaging solutions for better logistics and transportation of the product. Such type of packaging product is conipack pails which are plastic pails specially made for carrying industrial products which are especially liquids. Conipack pails are covered with air tight lid which gives leak proof protection to liquid products. Conipack pails with lids are also provided with tamper evident feature which restricts the product from getting misplaced or stolen.

Conipack pails made from plastic are rust/corrosion free which are the key factors replacing the usage of metal pails. Even the light weight of conipack pails are creating growth as compared to the usage of traditional metal pails. Conipack pails are good for storing chemicals, lubricants, paints, grease, etc. Conipack pails are made from plastic, so the inner surface does not react with the liquid stored in it. Conipack pails are mainly manufactured from materials such as HDPE and LDPE.

Global Conipack Pails – Market Dynamics:

The global market for conipack pails is expected to witness high demand over the forecast period 2017-2025, due to extensive usage of plastic pails and replacing metal pails. In addition, conipack pails are tougher with lesser weight even when the pails are full as a result of these they can be easily transported from one place to another. Furthermore, the increasing demand for industrial packaging is positively impacting the market for conipack pails. In addition, the preference of industrial and chemicals packaging in conipack pails have increased its market. Moreover, the market for conipack pails is restricted due to its alternatives such as plastic jerry cans and bottles. Even the strict norms for the usage and recycling of conipack pails made from plastic are hampering the market.

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Global Conipack Pails – Market Segmentation:

The global conipack pails market can be segmented by the raw material type, by capacity, and by the application.

On the basis of raw material type, the global conipack pails market is segmented into –

Polyethylene (PE)

HDPE

LDPE

Polypropylene (PP)

Polyethylene Terephthalate (PET)

Poly Vinyl Chloride (PVC)

Polyamide (PA)

Polystyrene (PS)

Others

On the basis of capacity, the global conipack pails market is segmented into –

Less than 500ml

1 litre to 3 litre

3 litre to 10 litre

10 litre to 20 litre

20 litre or more

On the basis of applications, the global conipack pails market is segmented into –

Lubricants

Chemicals

Paints

Inks & Resins

Edible Oil

Pharmaceutical Products

Others

Global Conipack Pails Market – Regional Overview:

The global conipack pails market can be divided into seven major regions which are as follows –

North America

Asia-Pacific excluding Japan

Latin America

Middle East & Africa

Eastern Europe

Japan

Western Europe

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The market of conipack pails in Asia-Pacific region is expected to dominate due to large scope for lubricant and industrial packaging during the forecast period 2017-2025. This market for conipack pails is then followed by North America and Europe as the second and the third most favourable market. Latin America and Middle East & Africa region is also expected to witness an above average growth due to the presence of large scope for lubricant and petroleum packaging in these regions.

Global Conipack Pails Market – Key players

Few of the key players in the conipack pails market areTime Technoplast Ltd., Blow Packaging Ltd, Blow Can Industries, Illing Company, Inc., Kaufman Container Company, Snyder Industries, Inc., etc.

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The market for humidifiers is growing faster than expected. Modern Pricing Model Advancements: FMI

The global humidifier market stands at around US$ 1.85 Bn in 2022, and is predicted to increase at a CAGR of 5.8% and reach a valuation of US$ 3.53 Bn by the end of 2030.

Humidifier Market Size (2022)	US$ 1.85 Bn
Sales Forecast (2030)	US$ 3.53 Bn
Global Market Growth Rate (2022 to 2030)	5.8% CAGR
Share of Top 5 Industry Players	60%

Humidifiers are increasingly used across commercial, residential, and industrial sectors to improve indoor air quality. According to a new study by Future Market Insights (FMI), surging awareness among consumers about the importance of maintaining healthy indoor air quality will enable growth in humidifiers market. It is expected to rise at 5.6% CAGR between 2020 and 2030.

The market is recording surging demand for various types of humidifiers such as ultrasonic, cold mist, warm mist, and others. Innovations in humidifiers are further helping the market gain traction. Despite witnessing disruptions due to the COVID-19 outbreak, the humidifier market is anticipated to witness impressive growth during the forecast period.

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Some of the key takeaways from the report are highlighted below-

Demand for cool mist humidifiers will remain high, however, sales recorded in the ultrasonic humidifier category is expected to be comparatively higher
Portable humidifiers are likely to get more popular due to their ease of installation
The online/ ecommerce segment will emerge as the most preferred sales channels
Residential sector is likely to exhibit significantly high demand for humidifiers
North America is expected to lead the global humidifier market followed by Europe during the forecast period

COVID-19 Impact Analysis

The outbreak of novel coronavirus has resulted in restricted growth of the humidifier market. Various factors such as shutting down of manufacturing units during lock down, restricted labor supply, disruptions in supply chain, and other hindrances caused due to the pandemic have been hampering operations within the market.

With sales via retail channels visibly hampered due to restrictions imposed to contain the novel coronavirus, manufacturers are shifting focus towards strengthening their online presence. Consequently, despite aforementioned restraints, the market is likely to witness higher volume of consumer traffic across ecommerce platforms.

Who is Winning

As the humidifier market is expanding gradually, the key market players are focusing on launching innovative products.

For instance, Philips has launched their advanced humidifier equipped with nano cloud technology which uses natural evaporation process to humidify indoor air in the current year.

Condair has launched their new Condair EL electrode boiler steam humidifier in the recent year which is easy to install and provides reliable steam humidification. They have also released their CIBSE-approved CPD seminar on dehumidification and drying psychometrics which includes training on the principles of operation for both desiccant and condensing dehumidifiers, and others in October, 2020.

Some of the key market players giving tough competition are Honeywell International Inc., Dyson Ltd., De’Longhi S.P.A, BONECO AG, LG Electronics, and others.

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More Valuable Insights on Humidifier Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global humidifier market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of type (warm mist humidifiers, cool mist humidifiers, ultrasonic humidifiers, others), installation type (fixed, portable), sales channel (online/ecommerce, retail stores (physical)), end user (residential, commercial, industrial), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

Humidifier Industry Survey

Humidifier Market by Humidifier Type:

Warm Mist Humidifiers
Cool Mist Humidifiers
Ultrasonic Humidifiers
Others

Humidifier Market by Installation Type:

Fixed Humidifiers
Portable Humidifiers

Humidifier Market by Sales Channel:

Online/e-Commerce
Retail Stores

Humidifier Market by End User:

Residential Humidifiers
Commercial Humidifiers
Industrial Humidifiers

Humidifier Market by Region:

North America Humidifier Market
Latin America Humidifier Market
Europe Humidifier Market
East Asia Humidifier Market

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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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The market for digital transaction management is projected to develop at a 31.7 CAGR and reach US$ 16,284.8 Mn through 2022–2028

According to Future Market Insights, the worldwide digital transaction management market would generate approximately US$2,385.0 Mn in 2021. (FMI). By 2028, the global market for digital transaction management is anticipated to reach US$ 16,284.8 Mn, expanding at a CAGR of over 31.7% from 2022 to 2028.

Market Value in 2022	US$ 3,115.4 Mn
Projected year (2028) Market Value	US$ 16,284.8 Mn
CAGR% (2022-2028)	31.7%
Share of Top 5 Players	25%

With the aid of smart electronic devices, technology in the market for digital transaction management has become simple, and its use has significantly expanded as a result of the rising demand for document management. The global market for digital transaction management has significantly expanded as a result of the growing acceptance of digital transformation across numerous industries. The use of digital transaction management software by citizens has greatly expanded along with the growth in smartphone penetration. Digital transaction management facilitates the usage of value-added services for end user industries, including telecommunication, healthcare, manufacturing, government, retail, IT, BFSI, and many more. It also helps to improve security and minimise paperwork.

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Developed nations are constantly attempting to convert their paper-based processes to digital ones. Companies are now funding the adoption of digital transaction management solutions and services in a number of countries. The adoption of digital transaction management systems and software by the governments of various nations is primarily driven by concerns for security, universality, privacy, scalability, and interoperability. Particularly in the BFSI and transportation industries, businesses are seeking to integrate new technology like electronic signatures and process automation.

By 2028, the market for digital transaction management is anticipated to have grown from US$ 1,134.0 Mn in 2018 to US$ 16,284.8 Mn, with a CAGR of 30.5% in terms of revenue (2022-2028). This research tracks the market for digital transaction management in terms of value and calibrates it to produce market revenue estimates.

The research is categorically divided into digital transaction management market study by component, vertical, end user, and region in order to comprehend and evaluate the demand and potential in the market. Digital transaction management market study by component provides a thorough overview of the market based on a value-based analysis of solutions and services for the period of 2018 to 2028. Analysis of the digital transaction management market by vertical segments includes retail, BFSI, healthcare, IT & telecommunication, travel & transportation, manufacturing, government, and other segments. Analysis of the digital transaction management industry from the perspective of the end user looks at both large and small and medium-sized businesses.

In 2017, the solutions segment dominated the digital transaction management market followed by the services segment. Moreover, the solutions segment is projected to expand at the fastest CAGR of 30.9% over the forecast period in the digital transaction management market in terms of revenue, followed by the services sub-segments.

The section market analysis by vertical analyses the digital transaction management market based on different segments and data is provided in terms of value for 2018-2028. The retail sub-segment of the digital transaction management market is expected to expand at a significant CAGR of 30.5% in terms of value during the forecast period. In terms of digital transaction management market share, the BFSI segment accounted for a major percentage of the revenue share of the overall digital transaction management market in 2017, and is also expected to dominate the digital transaction management market throughout the forecast years.

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Digital transaction management market analysis by region includes an in-depth country-level analysis of all the global regions, namely North America, Latin America, Western Europe, Eastern Europe, SEA & Others of APAC, China, Japan and the Middle East & Africa, as well as countries in these regions, and provides market data in terms of value for 2022-2028 for the digital transaction management market. In 2017, the digital transaction management market in North America dominated the overall global digital transaction management market, followed by the market in Western Europe.

Key players reported in this study on the global digital transaction management market are Adobe Systems Incorporated; Namirial SPA; DocuSign Inc.; Nintex Global Ltd.; HELLOSIGN; ZorroSign, Inc.; AssureSign LLC; ThinkSmart LLC; Kofax, Inc. and eOriginal, Inc.

Digital Transaction Management Outlook by Category

By Component:

Digital Transaction Management Solutions
Digital Transaction Management Services

By End-User:

Large Enterprises
Small and Midsize Business

By Vertical:

Retail
BFSI
Healthcare
IT & Telecommunication
Travel & Transportation
Manufacturing
Government
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
China
Japan

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About FMI

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Automotive SoC Market Aims to Expand at Double-Digit Growth Rate | Texas Instruments Incorporated, Infineon Technologies AG, Intel Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc., STMicroelectronics,

As per a detailed analysis by FMI, the global automotive System-On-Chip (SoC) market is estimated to top US$ 17.06 Bn in 2022. Increasing adoption of advanced features such as infotainment systems in modern cars is fueling the demand in the market.

2022 Market Value	US$ 17,066.7 Mn
2028 Market Value	US$ 26,800.5 Mn
CAGR% (2022-2028)	7.8%
Share of Top 5 Market Players	30%

Automotive SoC are extensively being used to enhance automated structures for providing a state-of-the-art experience to the driver. With the growing penetration of autonomous driving, automakers are increasingly integrating technologies such as SoC to improve the security posture of fleets. On account of this, the market is projected to total US$ 26.8 Bn by 2028.

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Additionally, to improve the safety of pedestrians and drivers, the governments of several nations are enacting strict legislation that demand the inclusion of specific security measures, such as advanced driver assistance systems (ADAS), in autonomous vehicles.

Therefore, it is predicted that rising sales of autonomous vehicles would drive demand at a strong CAGR of 7.8% from 2022 to 2028.

The desire for advanced automotive features including speech recognition, GPS and radar capabilities, audio/video sensing, and picture compatibility is also boosting automotive SoC sales.

Due to this, the automotive SoC industry is anticipated to have 20% of the total SoC market share in 2022.

The infotainment system application segment is anticipated to rule the market during the time of analysis. The category is growing as a result of automakers integrating infotainment systems into their vehicles more frequently to give capabilities like voice controls, dialling, and touch screen displays.

Key Takeaways from Automotive SoC Market Study

The U.S. is forecast to emerge as the most remunerative market in North America, creating an incremental opportunity of US$ 1.85 Bn through 2028.
China is estimated to account for a significant share in Asia Pacific market, expanding at 8.6% CAGR during the forecast period.
Germany is projected to register rapid growth in Europe automotive SoC market, surpassing US$ 522.1 Mn between 2022 and 2028.
India is expected to exhibit steady growth in the automotive SoC market, owing to growing demand for advanced passenger cars in the country.
Based on vehicle type, the passenger car segment is anticipated to account for the maximum shares, growing at 8% CAGR over the assessment period.

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Key Drivers

Increasing use of automotive SoC for integrating innovative systems such as telematics, internet-of-things, and ADAS in vehicles is propelling the demand in the market.
Growing demand for advanced commercial vehicles for the application across construction, mining, and transport sectors is facilitating the growth in commercial vehicle segment.

Key Restraints

High cost of incorporation and maintenance of automotive SoC is hindering the sales in the market.
Need to replace the complete car dashboard in case of any transistor or system damage is a primary factor hampering the growth in the market.

Competitive Landscape

Leading automotive SoC manufacturers are intensively investing in research and development (R&D) activities to diversify their product portfolios by launching innovative technology. Besides this, some of the player are aiming at strategic partnership acquisitions, mergers, and collaborations with automotive companies to expand their market share.

For instance,

In January 2018, ON Semiconductor, an American semiconductor supplier company, announced entering into a strategic partnership with a German automotive manufacturer, Audi AG. As per the partnership, ON Semiconductor will foster innovations and make latest technologies available for the automaker. The will assist the company to strengthen its position in the market.
In February 2018, Renesas, Japanese semiconductor manufacturer, announced launching its new R-Car V3H system-on-chip (SoC), which delivers artificial intelligence processing and high computer vision performance to automotive from cameras in Level 3 and Level 4 automotive cars.

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Some of the key players operating in the market profiled by FMI are:

Texas Instruments Incorporated
Infineon Technologies AG
Intel Corporation
NVIDIA Corporation
Qualcomm Technologies, Inc.
STMicroelectronics
NEC Corporation
NXP Semiconductors
ON Semiconductor Corporation
Renesas Electronics Corporation

By Application

Infotainment Systems SOCs
ADAS SOCs
Others

By Vehicle Type

Passenger Cars
Commercial Vehicles

By Region:

North America
Latin America
Western Europe
Eastern Europe
China
Japan
SEA and other of APAC
Middle East & Africa

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More Valuable Insights on Automotive SoC Market

The latest report by FMI provides a detailed analysis of the global automotive SoC market, providing exclusive insights into key factor driving the market between 2022 and 2028. The study also discloses sales projections on in automotive SoC market with detailed segmentation:

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Functional Additives And Barrier Coatings Market to Grow at a CAGR of 5.4% to be Valued at US$ 3,814.5 Million from 2022 to 2032

The market for barrier coatings and functional additives is projected to reach US$ 2,254.4 million in 2022 and US$ 3,814.5 million in 2032, growing at a CAGR of 5.4%. The rise in demand for PET bottles that offer UV protection is credited with the growth.

The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Packaging industry as well. The thriving market of the Functional Additives And Barrier Coatings Market is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower.

It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.

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Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Functional Additives And Barrier Coatings Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2021 to 2031.

The team of analysts at Future Market Insights are focussing on research and market study to produce different Functional Additives And Barrier Coatings Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Functional Additives And Barrier Coatings Market.

Key Players

DuPont, Clariant Chemicals Ltd., Addivant USA, LLC, Cytec Solvay Group, SONGWON Industrial Co., Ltd., BASF Corporation, and others.

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Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:

Based on product type, the global functional additives and barrier coatings market is segmented into following:

Oxygen Scavenger
UV Stabilizer
Antistatic Additives
Antimicrobial Agent
Antioxidant Additive

By application, the global functional additives and barrier coatings market is segmented into following:

Polyolefin
Styrene
PVC
Elastomers & Latex

Based on end users, the global functional additives and barrier coatings market is segmented into following:

Food & Beverage Industry
Pharmaceutical Industry
Cosmetic and Personal Care
Healthcare

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The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets

Queries Solved

What is the size of the overall Functional Additives And Barrier Coatings Market in the Packaging Industry and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities, and challenges of the Functional Additives And Barrier Coatings Market in the Packaging Industry, and how they are expected to impact the market?
What are the attractive investment opportunities within the Functional Additives And Barrier Coatings Market in the Packaging Industry?
What is the Functional Additives And Barrier Coatings Market in the Packaging Industry size at the regional and country-level?
What are the key market players focusing on?
What are the strategies for growth adopted by the key players in Functional Additives And Barrier Coatings Market in the Packaging Industry?
What are the recent trends in Functional Additives And Barrier Coatings Market in the Packaging Industry? (M&A, partnerships, new product developments, expansions)?
What are the challenges to the Functional Additives And Barrier Coatings Market in the growth of the Packaging Industry?
What are the key market trends impacting the growth of the Functional Additives And Barrier Coatings Market in the Packaging Industry?

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RFIC Market Size & Share Analysis with Key Insights, SWOT Analysis, Top Key Players, and Industry Forecasts 2021–2031

Radio Frequency Integrated Circuit (RFIC) Market

By the end of 2031, the global market for radio frequency integrated circuits (RFIC) is projected to be worth US$ 45 billion, growing at an estimated 8% CAGR from 2021 to 2031.

With the rising need for optical, wireless, and other high frequency consumer electronics devices during the past ten years, there has been a growth in the need for RFIC products.

In the frequency range of 900 MHz to 2.4 GHz, radio frequency integrated circuits are offered. Due to their capacity to function as application-specific integrated circuits (ASICs) and be configured for a variety of applications, RFICs are rapidly gaining favour in technological applications (ASICs).

Several semiconductor manufacturers are drawn to the infrastructure expansion occurring in both emerging and developed economies’ telecommunications sectors. A contemporary development in the telecom sector is the rollout of 5G and next-generation LTE networks. The launch of 5G networks by telecom providers was anticipated for 2018. It has been noted that semiconductor producers have started updating their product lines for infrastructure capable of supporting 5G.

Samsung Electronics Co., Ltd. has introduced 5G-capable RFICs in an effort to meet demand from the telecom sector. According to FMI study, RFIC makers have a lot of potential thanks to 5G-capable processors. As a result, RFIC producers can improve their product line and invest in the 5G market.

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Key Takeaways: Radio Frequency Integrated Circuit Market

Demand for RF amplifiers IC is estimated to surge. However, the RF switch IC segment is estimated to continue to hold a significant market share through 2031.
The market for consumer electronics segment is expected to account for dominant share of 29% by 2031. Rising demand for consumer electronic products and the emergence of next-generation wireless devices are among major factors driving growth in the segment.
While China is expected to remain dominant in East Asia, the demand in South Korea and Japan will rise at a higher pace.
The market for radio frequency integrated circuit in GCC countries and the U.K. is expected to surge remarkably, exhibiting growth at around 13% and 8% CAGR, respectively.
Radio frequency integrated circuit demand in Canada is anticipated to witness strong growth at over 7% CAGR between 2021 and 2031.
The Mexico market for radio frequency integrated circuit is projected to grow at a remarkable CAGR of over 9% through 2031.

COVID-19 Impact Analysis on Radio Frequency Integrated Circuit Market

Public corporations faced challenges from a rapid drop in consumer demand, a continuing halt or reduction in onsite activity, and problems with the global supply chain while still prioritising employee safety and business continuity.

Manufacturers were forced to embrace technologies that would enable remote production capabilities without the need for investment in huge areas due to disruptions encountered by the supply chain around the world. As a result, market growth slowed down in 2020, but it is predicted to pick up again by the second half of 2021.

So, from 2019 to 2021, the radio frequency integrated circuit market is anticipated to increase by 4% to 5% YoY.

Advanced Packaging Technologies for RFIC

Competitive challenges in the present wireless market are pushing RF integrated circuit device electrical performance to new heights. At the same time, additional resources are being concentrated on finding solutions due to the packaging requirements for these RFICs.

As a result, a variety of wireless telecommunications applications require low cost, thermally efficient, miniaturised devices, which high frequency packaging is now called upon to deliver.

A variety of technologies are used in RFIC packaging, with some showing promise for future advancements. Multiple chip modules (MCM) in various forms, leadless array packaging, and thermally enhanced packaging in ceramic and laminate substrate materials are examples of advanced package technologies. For the worldwide RFIC market, these packaging tools have been opening up profitable new growth opportunities.

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Who is Winning?

Some of the leading companies operating in the market are Infineon Technologies AG, Analog Devices, Inc., Texas Instruments, NXP Semiconductors, STMicroelectronics, Microchip Technology Inc., among others. In order to gain competitive advantage, some of the leading market players are focusing on business expansion to maintain their global presence.

For instance, in May 2020, Murata started Kanazawa Murata Manufacturing Sendai Plant and established a new group company with the name of Sendai Murata Manufacturing Co., Ltd. The company aims to enhance the high-frequency electronic component business and ties to the local community as a production subsidiary of the Murata Manufacturing Group.

Radio Frequency Integrated Circuit Market by Category

By Product

RF Transceivers IC
RF Amplifiers IC
RF Modulators/Demodulators IC
RF Mixers/Multipliers IC
RF Switch IC
Others

By Application

Consumer Electronics
Telecommunication
Automotive
Media & Broadcasting
Medical Devices
Industrial Electronics
Others

By Region

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

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Report: https://www.futuremarketinsights.com/reports/radio-frequency-integrated-circuit-market
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Digital Out-of-Home Market Trends and Top Growth Companies, key insights into business scenarios by 2028

By the conclusion of the forecast period, SEA and Others of APAC, Western Europe, and North America will account for major market value shares, with the worldwide digital-out-of-home market projected to grow at a CAGR of 11.0% between 2018 and 2028.

In its study titled “Digital-Out-of-Home market: Worldwide Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028,” FMI provides important information on the global digital-out-of-home market. The global digital out-of-home market is anticipated to grow consistently at a CAGR of 11.0% in terms of value during the projected period of 2018–2028, therefore market value growth will continue to be appealing. The Digital Billboards & Signages (DBB) segment is anticipated to experience strong growth during the projection period based on the platform. The worldwide digital-out-of-home market’s retail segment is anticipated to acquire market share penetration throughout the course of the projected period based on industry.

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By the end of 2017, the digital out-of-home industry’s annual revenue was estimated to be worth US$ 3,905.3 Mn. This market is anticipated to develop steadily over the coming years. The three dominant regions—North America, SEA & Others of APAC, and Western Europe—are anticipated to hold the lion’s share of the global market for digital out-of-home advertising. Over the course of the prediction, these areas are projected to dominate the worldwide digital out-of-home market.

Due to the introduction of cutting-edge digital technology, the landscape of digital media is undergoing significant changes. A number of media owners have entered the digital out-of-home market in recent years with the aim of providing cross-network advertisement delivery reports in centralised web dashboards that are comparable to the features of ad servers in the online sector. The adoption of interactive technologies that allow advertisers to acquire customer insights using location information from mobile devices has improved the measurement of digital out-of-home media.

According to FMI analysis, the introduction of location-based advertising at various venues and the rise in smartphone adoption will cause Digital Place-Based Networks (DPN) in the platform segment to rule the digital out-of-home market. Due to the widespread use of digital billboards and place-based networks by brand marketers at malls, highway shoulders, bus shelters, airports, and other high dwell-time locations to create significant customer traffic, the retail sector will dominate the market on the basis of industry.

Key Segments Covered in Digital-Out-of-Home Market

Platform

Digital Billboard & Signage (DBB)
Digital Place-based Networks (DPN)

Industry

Retail
Corporate & Government
Healthcare
Hospitality
Transportation
Entertainment
BFSI
Education
Others

According to FMI analysis, long-term contracts with business partners help increase revenue and new innovation strategies enable digital-out-of-home vendors and media owners to reach new growth markets. Some of the market participants in the global digital-out-of-home market report include JCDecaux, Lamar Advertising Company, Clear Channel Outdoor, oOh!Media Ltd., Ströer SE & Co. KGaA, Outfront Media, Inc., APN Outdoor Group Ltd., Focus Media Co. Ltd., Exterion Media Group, BroadSign International LLC and Asiaray Media Group Ltd.

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Significant Contributions of the Report

Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

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Future Market Insights Inc.
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T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/digital-out-of-home-market
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