Market Research Blog – Page 10949 – New Product Development

In 2022, it is anticipated that the global programmatic display industry would be valued US$35.8 billion. The market is projected to grow at a 35% CAGR from 2022 to 2032 and generate US$ 720 billion in sales

According to the report by Future Market Insights, the global programmatic display market will register growth at 35.5% CAGR during the forecast period. Sales of programmatic displays across the globe are estimated to reach US$ 26.6 Bn by the end of 2021.

Data Points	Key Statistics
Expected Market Value (2022)	US$ 35.8 Billion
Anticipated Forecast Value (2032)	US$ 720 Billion
Projected Growth Rate (2022-2032)	35%

The increasing adoption of smartphones and expansion of the digital marketing industry is boosting the programmatic display market. Technological advancements in digital marketing and the adoption of advanced technologies such as artificial intelligence (AI) across various industries will result in higher uptake of programmatic display solutions in the coming years.

As per FMI, the global programmatic display market registered a remarkable year-on-year growth of around 27.2%-28.1% in 2021 owing to the growing use of social media platforms across India, China, and South Korea.

The overall demand for programmatic display advertising will also surge with the growing adoption of online video ad format across over-the-top platforms such as Netflix, Amazon, and others. End-users are extensively adopting online video ad formats to promote their products and services through social media platforms.

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Key Takeaways from FMI’s Programmatic Display Market Study

In terms of sales channel, the real-time bidding segment is expected to witness fastest growth on the back of growing integration of AI and machine learning (ML) in digital marketing
Based on ad format, the online display segment is expected to reach US$ 10.5 Bn by the end of 2031
South Korea is expected to lead the growth of East Asia programmatic display market, expanding at 32.3% CAGR through 2031
India is expected to emerge as the hub of growth opportunities for programmatic display market on the back of growing digital marketing industry
The U.S. is expected to hold lion’s share in North America programmatic display market through 2021

Competitive Landscape

As per the study, Yahoo! Inc., AOL Inc., AppNexus Inc., Google Inc., and Adobe Systems are the top 5 players leading the global programmatic display market. These players collectively account for over 31.6% of global market sales.

Leading players operating in the global programmatic display market are focusing on mergers, acquisitions, and collaboration with satellite providers and digital marketing companies to gain competitive edge.

Some of the key players are integrating advanced technologies such as artificial intelligence and internet of things to gain competitive edge and introducing new product launches to expand their customer base.

For instance,

In April 2021, Samba TV, global provider of omniscreen advertising and analytics announced a multi-million partnerships with PubMatic, a sell-side platform which delivers superior outcomes for digital advertising.
In March 2021, Adtelligent recently announced the launch of its programmatic display advertising platform, DSP Simplified, demand-side platform that can be used direct advertisers, agencies, marketers, affiliates, and others to serve as advertising platform.

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Programmatic Display Market by CategoryAd Format:

Online Display
Online Video
Mobile Display
Mobile Video

Sales Channel:

Real Time Bidding (RTB)
Private Marketplaces (PMP)
Automated Guaranteed (AG)

Region:

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

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Get Valuable Insights on Programmatic Display Market

Future Market Insights, in its updated report, presents an exhaustive analysis on the global programmatic display market, covering historical demand data and forecast figures for the period between 2021 and 2031. The study divulges compelling insights on growth drivers and market potential in detailed segmentation basis of ad format (online display, online video, mobile display, and mobile video) and sales channel (real time bidding (RTB), private marketplaces (PMP), and automated guaranteed (AG)) across seven major regions including North America, Latin America, Europe, Asia Pacific excluding Japan, Middle East & Africa, and Japan.

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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.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/programmatic-display-advertising-market
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For the duration of the prediction, the gigabit passive optical network (GPON) market is anticipated to grow at a significant CAGR

Global sales of GPON are anticipated to reach US$ 6.7 billion in 2021 and US$ 7 billion in 2022. The market is anticipated to reach US$ 11.7 billion by 2032, expanding at a CAGR of 5.2 percent from 2022 to 2032. The rapid growth of the industry is also attributed to the widespread adoption of 4G and 5G over the past few years in many growing nations, which has led to an increase in the GPON market. Due to the increasing need for broadband in the telecoms and commercial sectors, the GPON market has grown in a variety of areas.

Attributes	Details
GPON Market CAGR (2022-2032)	5.2%
GPON Market (2025)	US$ 8.3 Bn
GPON Market Attraction	The steadily growing demand for high-speed internet connections and technological advancements in GPON technology will act as key drivers in the next coming years.

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Key Takeaways:

The global GPON market holds a value of US$ 7 Bn while recording a CAGR of 5.2% during the forecast period.
Optical Line Terminal segment to expand at a CAGR 5.1% during the forecast period
In the U.S., the market is predicted to reach US$ 4.1 billion while growing at a CAGR of 5% during the forecast period.
The FTTH market will grow at a 4.4% CAGR during the forecast period.
China to record a CAGR of 4.6% CAGR during the forecast period.

Competitive Landscape

Key Players that have been profiled in the report are Huawei, Cisco, ZTE, Nokia, Calix, FiberHome, DASAN Zhone, Allied Telesis, ADTRAN, Iskratel, Alphion, Unizyx and others. New products and technologies will enable end-users to benefit from new technologies.

In May 2021, Grain Management, LLC announced an agreement with Tachus LLC. This investment is part of Grain Communications Opportunity Fund III, Grain’s new flagship fund. Grain’s investment will support Takus’ continued growth and enable it to accelerate the deployment of its highly reliable fiber network. Regulatory approvals need to be obtained for the acquisition, which was closed in the second quarter of 2021.
In October 2021, Hexatronic Group AB completed the acquisition of all telecom activities of REHAU Group. As a strategic asset, the acquisition is extremely valuable to the company. FTTH (Fiber to the Home) is in the early stages of its expansion of the German market. In order to establish a leading position in the growing Fiber-to-the-Home market in Germany, Hexatronic combines the strengths of both companies, REHAU Telecom’s microduct business, and Hexatronic’s passive FTTH solution.

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Key Segments Covered In The GPON Industry Report

By Component:

Optical Line Terminal
Optical Network Terminal

By Technology:

2.5G Pon
XG-Pon
XGS-PON
NG-PON2

By Application:

Fiber to the Home(FTTH)
Fiber to the Building (FTTB)
Fiber to the Curb (FTTC)
Fiber to the Node (FTTN)
Mobile Backhaul

By Vertical:

Transportation
Telecommunications
Healthcare
Energy & Utilities
Residential (MTU)
Commercial Industries

By Services:

Fixed Internet and Voice
Internet Protocol TV (IPTV)
Mobile Voice and Internet

By Region:

North America
Europe
Asia Pacific
The Middle East and Africa
Latin America

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More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global GPON market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by component (Optical Line Terminal, Optical Network Terminal), by technology (2.5G PON, XG-PON, XGS-PON, NG-PON2), by application (Fiber-to-the-Home(FTTH), Fiber to the Building (FTTB), Fiber to the Curb (FTTC), Fiber to the Node (FTTN), Mobile Backhaul) By Vertical (Transportation, Telecommunications, Healthcare, Energy & Utilities, Residential (MTU) Commercial Industries) By Services (Fixed Internet and Voice, Internet Protocol TV (IPTV), Mobile Voice and Internet) & By Region (North America, Europe, Asia Pacific, Middle East, and Africa, Latin America)

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About FMI

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/gigabit-passive-optical-network-market
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By 2022 and 2032, it is anticipated that the smart space market will generate revenues of $11.4 and $25.2 billion, respectively

According to the Smart Spaces Market analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 16.2% from 2022-2032.

Attributes	Details
Smart Space Market CAGR (2022-2032)	8.3%
Smart Space Market Value (2022)	US$ 11.4 Billion
Smart Space Market Value (2032)	US$ 25.2 Billion

According to the analysis, by the end of 2032, the market is predicted to be worth US$ 53.6 billion. According to FMI, the opportunities for smart spaces have increased with the proliferation of smart homes, devices, and rising IoT.

These areas are useful for enhancing energy efficiency, streamlining complicated operations, and increasing professional productivity. Buildings and automobiles that report on their locations, performance, and maintenance requirements are considered smart spaces.

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A smart space is a digital ecosystem that includes humans, connected devices, and software systems that allow free flow of information inside a facility center, building, and in open public area. This integrated ecosystem operates as a connected, coordinated, and intelligent ecosystem that contributes to a smart space.

The increasing demand for reduction in energy costs has enabled the adoption of smart spaces which helps commercial spaces to optimize and conserve resources resulting in reduction in consumption, cost and carbon footprint as well. Self-sustaining buildings are expected be the finest solution for meeting the ever-growing energy and technological demands across the globe.

With the increasing adoption of wireless sensors and technologies, places such as home, factories, commercial spaces and even cities can be converted into smart spaces. This helps in increasing productivity, health, security, safety, energy and waste management coupled with reduced consumption of resources.

Key Takeaways: Smart Spaces Market

By component, the hardware segment is anticipated to account for the leading share in the global demand for smart spaces during the forecast period. However, the software segment is estimated to grow at a robust CAGR of 18.1% through 2032.
By application, energy management & optimization segment is anticipated to increase at a CAGR of 19.0 % between 2022 & 2032.
By premises type, commercial smart spaces segment is estimated to witness high growth during the forecast period as reduction in energy cost with real time adjustments and sustainable monitoring of environment has become the need of the hour.
North America is expected to lead the market followed by Asia in 2022. Latin America and Europe is anticipated to emerge as the fastest growing region between 2022 & 2032.
The market in Middle East and Africa is expected to progress at a CAGR of around 14.9% through 2032.
In China, sales are expected to increase at a CAGR of close 18.8% over the next ten years.

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Scope of the Report

Attribute	Details
Market value in 2022	US$ 11,900 Mn
Market CAGR 2022 to 2032	16.2	%
Share of top 5 players	More Than 55%
Forecast Period	2022-2032
Historical Data Available for	2017-2021
Market Analysis	USD Million for Value
Key Regions Covered	North America, Latin America, Europe, Asia, Middle East & Africa
Key Countries Covered	US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, GCC Countries, Turkey, North Africa and South Africa
Key Segments Covered	Product, Commercial Application and Region
Key Companies Profiled	• Cisco Systems, Inc. • Huawei Technologies • Hitachi Vantara • EnOcean • IBM Corporation • Siemens AG • Schneider Electric • SmartSpace Software Plc • Eutech Cybernetic Pte. Ltd. • Spacewell • ABB • Iconics • Softweb Solutions • AllGoVision Technologies • Smarten Spaces • Pressac
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Increasing Adoption of Smart Homes and Smart Devices

In present situation the importance and adoption of smart homes has gained immense popularity. Consumer awareness, change in needs of customers, adoption and implementation of advanced technologies and the rise of investments in the field are some for the increasing demand for the adoption. Factors such as remote monitoring, integration of smart devices, demand for high security for home and office premises also contribute for the adoption of smart homes and devices.

Furthermore, deployment of smart technologies has widely increased in public spaces across the globe. Some of the major attributes that convert a public space into a smart space includes smart kiosks at parks, transport stations, hospitals, stadiums, and restaurants.

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Growing adoption of IoT for Facility Management

Internet of things (IoT) has now become essential part of smart homes and devices. The adoption of technology enables in efficiently connecting and controlling of various devices for monitoring and controlling purpose. The technology enables convenience for controlling of devices and applications and personalization in the same allows the rise in demand for smart spaces market. The major benefit of incorporating infrastructure with IoT is to ensure safety and security by enabling authorized access using real-time data, which assists in the overall building security management and monitoring.

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About FMI

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Key insights into potential business scenarios for Data Center Power Management Market Trends and Top Growth Companies by 2032

Future Market Insights (FMI) predicts that throughout the projected period, demand in the data centre power management market will grow at a strong CAGR of about 7%. (2022-2032).

Data Center Power Management Base year (2021) Market Value	US$ 18,170.2 Mn
Projected year (2032) Value	US$ 37,345.8 Mn
CAGR% (2022-2032)	6.9%
Top 5 Vendor Market Share	Around 50%

According to the survey, by the end of 2022, the market is predicted to be worth US$ 19 billion. According to Future Market Insights, the market is developing as a result of the rising demand for data consumption per person around the world.

Data centres play a major role in modern civilization. The demand for data centres is rising globally due to the digitalization of the global economy and a significant shift toward cloud-based data storage.

There is an enormous amount of energy needed to run this network of data centres. As a result, the adoption of sustainable energy sources and an integrated approach to data centre power management are influencing the global market for this technology.

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Key Takeaways

Through 2032, the DCIM (data centre infrastructure management) software market is projected to expand at a strong CAGR of around 8%.
Between 2022 and 2032, the UPS (uninterruptible power supply) systems market is projected to expand at a CAGR of 8.3%.
The hyperscale data centres market, by data centre type, will increase at a CAGR of 9.0 percent by 2032.
Industry-wise, the BFSI segment will increase at the highest rate—a CAGR of 9.7%—between 2022 and 2032.
The data centre power management market is dominated by North America, but with a 9 percent CAGR, South Asia & Pacific will experience the fastest growth.
Tier-4 data centres will experience the highest growth, with a CAGR of 8.2 percent between 2022 and 2032.

“Demand for technologically advanced items is rising as a result of economic expansion in China, India, and other emerging economies. In order to grow their operations throughout Asia Pacific, data centre power management component manufacturers, distributors, and suppliers are likely to focus on these markets, according to an analyst at FMI.

By modernising existing data centres, hardware component demand will increase.
The market for data centre power management is expanding as a result of data centres being upgraded to increase their performance. Infrastructure, energy backup facilities like UPSs, and modifications to power distribution units are examples of such improvements.

Data centres are in greater demand as green infrastructures are being used more frequently. A clever automated system that monitors and manages support systems like cooling equipment, power backup, and distributes makes excellent use of electricity and hence decreases the consumption of electricity.

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Competitive Landscape

Both large- and medium-sized data centre power management players are present in the industry, which defines it. Leading companies are using a variety of techniques, including mergers and acquisitions, partnerships, and collaborations, to increase their client base. Government activities worldwide as well as the development of private data centres are opening up significant growth opportunities for new industry players.

For instance,

Eaton finished acquiring Tripp Lite in March 2021 in order to grow its power business in the Americas. The acquisition contributed to the expansion of single phase UPS business, the IT product line, and better services for its data centre clients. It also broadened the scope of edge computing.
ABB Ltd. announced the introduction of a cutting-edge UPS system in March 2020. The MegaFlex system has a 45 percent smaller environmental footprint, is resilient, and is compact in size. With high-efficiency converters, it provides decreased energy loss and sustainable power technology.

Key Companies Profiled

ABB, Eaton, Schneider Electric SE, DataSpan, Huawei Technologies Co., Ltd., Toshiba Electronic Devices & Storage Corporation, Bxterra Power Technology, Cyber Power Systems, Inc., General Electric, ZPE Systems, Inc., Aggreko, Sunbird Software, Inc., Elco Solutions, Socomec, Hewlett Packard Enterprise, Enlogic, Delta Electronics, Inc., Raritan Inc., Toshiba Electronic Devices & Storage Corporation

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More Valuable Insights on Data Center Power Management Market

The data centre substation industry research report from Future Market Insight is divided into seven main sections: component, data centre type (modular, colocation, cloud, edge, hyperscale, micro mobile data centre), data centre tier (tier- 1, 2, 3, 4), installation type (new installation, retrofit/upgrade), end-user (cloud providers, colocation), and

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About FMI

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/data-center-power-management-market
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Market Size & Share Analysis for Data Center Substations with Key Findings, SWOT Analysis, Key Players, and Industry Forecasts 2022–2032

The market for data centre substations is expected to expand at a robust 6.2 percent CAGR, reaching US$ 18.2 Bn in 2032. The market for data centre substations is expected to have development prospects due to the rising demand for electricity needed to repair the current infrastructure. A crucial component of the IT infrastructure is data centers. Data centers are in increasing demand among organisations of all sorts, from large, electricity-intensive enterprises to constrained enterprise computing centres, as a result of new data-intensive technologies and high-speed wireless networks.

Data Center Substation Market Value in 2022	US$ 9.9 Bn
Data Center Substation Market Value in 2032	US$ 18.2 Bn
Data Center Substation Market Value-based CAGR (2022-2032)	6.2%
Data Center Substation Market Top 5 Vendor Market Share	Around 55%

The increased emphasis on replacing outdated electrical substation infrastructure with modern, superior, modular, digital, and gas-insulated systems is also anticipated to fuel market expansion.

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Increasing volume of structured and unstructured data coupled with the growing demand for cloud computing is anticipated to drive the growth of data center substation market. North America is expected to hold the largest share of the global cloud computing market, thereby creating a lucrative opportunity for data centers. This, in turn, offers avenues for energy transmission and distribution solutions such as data center substations.

Datacenter colocation providers in developed countries are focusing on making significant investments for constructing additional data center facilities, which is further expected to boost sales across the globe.

However, increasing adoption of data centers and virtualization of enterprises is posing as a threat to the critical data gathered by an enterprise. This is increasing the awareness about the security of this data among enterprises of all sizes.

Thus, owing to the high growth opportunities associated with the market, major vendors are partnering with various channel partners established across the globe. This is enabling solution providers to invest and expand their business in the global data center substation market.

Key Takeaways

By component, the switchgears segment is expected to account for 23% of the total market share in 2022.
By voltage, the above 500kV segment is anticipated to expand at a 7.4% CAGR over the forecast period.
Sales in the Finland data center substation market are expected to account for nearly 13% of the Europe market share through 2031.
The market in Japan is expected to grow at a CAGR of around 8.3% through 2032.
In India, sales are expected to increase at a CAGR of 10.2% over the forecast period.

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Competition Landscape

Leading players operating in the global data center substation market are investing in research and development to comply with growing demand for digital data solutions. Besides this, players are investing in mergers, acquisitions, and collaborations to expand thwir global footprint. For instance:

In October 2022, Schneider Electric launched EcoStruxure micro data center C-Series 43U with intelligent cooling technology. It is the latest addition, adding more capacity, more savings, and more built-in features to address the unique challenges of commercial environments.

Data Center Substation Market Outlook by Category

By Component:

MV/LV Transformers
Switchgears
Relays
Power Distribution Units (PDU)
UPS systems
Busbars
Surge Arrestors
Others

By Voltage:

33kV – 110kV
110kV – 220kV
220kV – 500kV
Above 500kV

By Region:

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

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More Valuable Insights on Data Center Substation Market

Future Market Insight’s report on the data center substation industry research is segmented into three major sections – component (MV/LV transformers, switchgears, relays, power distribution units (PDU), UPS systems, busbars, surge arrestors, and others), voltage (33kV – 110kV, 110kV – 220kV, 220kV – 500kV, and above 500kV), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the data center substation demand outlook.

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About FMI

Contact:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/data-center-substation-market
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Canned Food Packaging Market Growing Demand by Recyclable Nature of Metal and Glass Cans Strengthens

The global canned food packaging market is anticipated to reach a value of US$ 44,568.5 Mn by 2032, with sales growing at an average CAGR of 4.8% over the forecast period of 2022 to 2032. Valued at US$ 27,887.9 Mn in 2022, the canned food packaging market is fueled by escalating demand for packaged food and beverages. A growing preference for urban lifestyle, convenient and ready-to-eat food items coupled with rapid adoption of technological advancements in the packaging industry are expected to supplement the market expansion of canned food packaging over the forecast period.

Canned food packaging prevents the product from getting spoilt by protecting it from environmental factors and external stimuli like pollution and heat. This packaging offers greater security and extends the shelf life of the product. Canned food packaging is an affordable method of preserving perishable food items with little to no change in the flavor. Consequently, there is high demand for this packaging from the advancing horticulture and seafood processing sectors. Canned food products are also easy to consume and transport. In addition to this, easy access and increasing availability of canned goods fosters an environment of growth for the canned food packaging market during the period under observation.

The recyclable and reusable property of the cans is another growth driver of the market. Again, canned food items are rising in popularity due to their nutritional value and hygiene quality. Moreover, factors like swiftly changing lifestyles, rising disposable income, affordable pricing of canned food products as well as the availability of a wide range of choices drives the canned food packaging market. Besides, incorporation of technological advancements in the packaging process have led to the generation of new techniques for packing canned food. This, too, bodes well for the canned food packaging market.

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“Large scale acceptance of canned food products due to protection against all kind of microbial contamination is likely to boost the sales of canned food packaging over the forecast period,” says an FMI analyst.

Key Takeaways:

Heightened demand for ready-to-eat and seasonal food products fosters market growth for canned food packaging
High manufacturing cost and a time consuming production process may impede the market growth.
In 2022, canned food packaging market in North America is anticipated to account for 29% of the market share.
Elevated demand for packed food drives the market in Europe over the assessment period.
By type of food, the seafood segment is expected to dominate the market.
Based on raw material, aluminum is expected to account for a high demand, exhibiting a CAGR of 4.5%

Competitive Landscape

Ball Corporation, Del Monte Foods, Inc., Crown Holdings, Amcor Limited, Anchor Glass Container Corporation, Ardagh Group, Greif Incorporated, Toyo Seiken, Huber Packaging and Siligan Containers among others are some of the major players in the canned food packaging market that are profiled in the full version of the report.

In an extremely competitive market, major players are keen on expanding operations and entering new markets. These businesses are also engaged in product development so as to maintain a competitive advantage.

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More Insights into the Canned Food Packaging Market Report

In its latest report, FMI offers an unbiased analysis of the global canned food packaging market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on type of food (fish and seafood, vegetables, meat products, fruits, canned ready meals, milk and sauces, beans and legumes, other canned food products), distribution channel (supermarkets and hypermarkets, independent retailers, convenience stores, specialist retailers, other distribution channels), raw materials (aluminum, steel, tinplate, glass, plastic), type of can (3-piece welded food packaging cans, 2-piece food packaging cans, D&I food packaging cans, DRD food packaging cans, drawn wall-ironed food packaging cans, single drawn food packaging cans, open top sanitary food packaging cans), preservation technique (pressurized, vacuum), and region.

According to the latest FMI reports, based on region, the canned food packaging market in Europe is expected to offer multiple lucrative opportunities for canned food packaging market. This growth is attributed to the immense demand for packaged food, the advancing food and beverages sector as well as the rapidly growing biscuit premix market.

In North America, the canned food packaging market is predicted to exhibit tremendous growth over the forecast period. High consumption of canned food products coupled with rising disposable income is responsible for the market growth in this region.

Asia Pacific is estimated to be the fastest-growing canned food packaging market. Canned meat and seafood are highly popular in countries like Japan, China, and Korea. Additionally, many manufacturers are also focusing on producing canned vegetarian and ready-to-eat food items. These factors are driving the market growth in Asia Pacific.

Based on segmentation, by food type, seafood segment is expected to dominate the market whereas on the basis of raw material, aluminum seems to dominate the market due to its high demand over the forecast period.

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Key Segments Profiled in the Canned Food Packaging Industry Survey

Canned Food Packaging Market by Type of Food:

Canned Fish and Seafood
Canned Vegetables
Canned Meat Products
Canned Fruits
Canned Ready Meals
Milk and Sauces
Beans and Legumes
Other Canned Food Products

Canned Food Packaging Market by Distribution Channel:

Canned Food Packaging for Supermarkets and Hypermarkets
Canned Food Packaging for Independent Retailers
Canned Food Packaging for Convenience Stores
Canned Food Packaging for Specialist Retailers
Canned Food Packaging for Other Distribution Channels

Canned Food Packaging Market by Raw Material:

Aluminium Canned Food Packaging
Steel Canned Food Packaging
Tinplate Canned Food Packaging
Glass Canned Food Packaging
Plastic Canned Food Packaging

Canned Food Packaging Market by Types of Can:

3-piece Welded Food Packaging Cans
2-piece Food Packaging Cans
D&I Food Packaging Cans
DRD Food Packaging Cans
Drawn Wall-Ironed Food Packaging Cans
Single Drawn Food Packaging Cans
Open Top Sanitary Food Packaging Cans

Canned Food Packaging Market by Preservation Technique:

Pressurized Food Packaging Cans
Vacuum Food Packaging Cans

Canned Food Packaging Market by Region:

North America Canned Food Packaging Market
Latin America Canned Food Packaging Market
Europe Canned Food Packaging Market
Asia Pacific Canned Food Packaging Market
Middle East & Africa Canned Food Packaging Market

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Alcohol Packaging Market Demand by Innovative Packing Bag-in-Box, Ceramic Glass Bottles, Bag-in-Tube, and Whiskey Pouches

Alcoholic Beverages Packaging Market Overview– Packaging can have a strong impact on customers buying decisions. Alcoholic beverages packaging play a key role in brand promotion leading to increased brand visibility. Currently, the alcohol beverages manufacturers are keen on providing top packaging standards for their products, so as to influence the consumers to purchase their brand over another. Top manufacturing players in alcohol industry follow attractive packaging formats which include bag-in-box, bag-in-tube, ceramic glass bottles, whiskey pouches, etc. Consumers readily prefer alcoholic brands that offer convenient, easy to open packaging solutions.

Demand for alcoholic beverages packaging is expected to reach US$ 47,225.2 million in 2022 and is projected to increase at a CAGR of 3.9% to reach US$ 69,235.6 million from 2022 to 2032. The expansion of the alcoholic beverage packaging market is related to the increase in alcoholic beverage demand and consumption.

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In fact, there are various alcoholic brands in the market which are recognized with their packaging type. In terms of packaging material, glass packaging accounts for a considerable market share in the global alcoholic beverages packaging market. Also, opportunities for players that operate in the alcoholic beverages packaging market lies in the shift in packaging trends related to alcoholic beverages.

Global Alcoholic Beverages Packaging Market – Drivers & Restraints

Growth in disposable income across the globe coupled with further spending on recreational activities is some of the key influencing factors that collectively lead to a growth of the alcohol consumption, which sequentially fuels the growth of the global alcoholic beverages packaging market over the forecast period. Over the years, growing awareness amongst the brand manufacturers about differentiating their alcoholic products based on packaging also contributing to the growth of the alcoholic beverages packaging market. Besides, rising consumer demands for easy to open, convenient packaging format for alcoholic beverages also drives the growth in the alcoholic beverages packaging market.

However, the implementation of stringent regulations on packaging materials used for alcoholic beverages could hinder the growth of the global alcoholic beverages packaging market over the forecast period. Also, growing awareness amongst the younger generations about the adverse effect of alcohol consumption could ultimately hamper the growth of alcohol beverages packaging market.

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Global Alcoholic Beverages Packaging Market – Regional Overview

Geographically, alcoholic beverages packaging market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).

North America as well as Europe cherishes a higher standard of living due to high disposable income and also are largely inclined towards consumption of premium alcoholic beverages, therefore, North America and Europe particularly the Western Europe are expected to maintain its dominance during the forecast period thus leading to the growth of alcoholic beverages packaging market. Asia Pacific region is likely to witness growth in opportunities in the alcoholic beverages packaging market owing to growth in consumption alcoholic beverages particularly India, China and ASEAN countries and is are anticipated to grow at a significant rate over the forecast period

Global Alcoholic Beverages Packaging Market – Key Players

Few of the key players that currently operate in the alcoholic beverages packaging market are United Bottles & Packaging., Vetreria Etrusca Srl., O-I Packaging Solutions, Encore Glass, Orora Packaging Australia Pty Ltd., Tetra Pak., Creative Glass UK., Brick Packaging, LLC, BALL CORPORATION and many more.

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Global Alcoholic Beverages Packaging Market – Segmentation

On the basis of material used, the alcoholic beverages packaging market is segmented into:

Metal
Glass
Plastic
Paper
Others (wood, etc.)

On the basis of product type, the alcoholic beverages packaging market is segmented into:

Cans
Kegs
Bottles
Jars
Others

On the basis of alcoholic beverages, the alcoholic beverages packaging market is segmented into:

Undistilled fermented beverages
Beer
Wines
Cider
Distilled drinks
Vodka
Tequila
Rum
Whisky
Gin
Others

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Strapping Devices Market Demand Growing by Food & beverage, E-commerce, Healthcare, Electrical & Electronics

As per FMI, the global strapping devices market size is anticipated to grow from US$ 4.5 Bn in 2022 to US$ 7.0 Bn by 2032, accelerating at a CAGR of 4.7% CAGR throughout the forecast period (2022-2032).

Rapid Expansion of end-use industries like food and beverages, personal care, electrical and electronics, healthcare, etc. along with growing demand for advanced packaging solutions is a key factor driving the global strapping devices market.

An electrically powered strapping device employs strapping to reliably establish a strong seal that is guaranteed to hold on packages and other items. Strapping devices are used for strapping the higher volume applications.

Manufacturers are investing in these devices to increase cost and product efficiency while putting a higher priority on package safety, which will fuel the market for strapping machines.

Similarly, growing popularity of automatic strapping machines to minimize human interference as well as to reduce labor costs will further boost strapping device sales in the market during the forecast period. Automatic strapping devices provide hands-free strapping with just one button press. It automatically straps the packages with better consistency.

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Another new development in the strapping machine is the integration of strapping devices with the current packaging line to simplify the end-of-line packaging procedure. Increased demand for strapping machines from food and beverage industry is expected to play a key role in expanding the strapping devices market during the forecast period.

However, the capital-intensive nature of the strapping machine sector and the high startup costs for production prevent many companies from entering it.

Key Takeaways from Strapping Devices Market

By operation, the automatic strapping devices segment is anticipated to generate an incremental opportunity of US$ 816.0 Mn during the forecast period of 2022-2032.
Based on device type, vertical strapping devices are expected to gain the highest demand as they are cost-effective and help better in shipping products.
By end-use, the food & beverage segment is anticipated to hold approximately 36% of the value share in the global strapping devices market through 2032.
The strapping devices market in Germany is projected to create an absolute incremental opportunity of US$ 142.0 Mn by 2032.
Indian strapping devices market is projected to grow 1.8X the current market value during the forecast period.
Japan’s strapping devices market is anticipated to expand at a CAGR of 6.8% during the forecast period.

“Heavy demand from the end-use industries is anticipated to increase the sales for the strapping devices. In addition, the need for cost-efficient and consistent strapping will accelerate the growth of the strapping devices market in the next decade.”–says FMI analyst

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Rising Need for Safe Shipping of Various Products is Escalating the Growth of the Strapping Devices Market

One of the most challenging tasks in manufacturing industries is to ship the products safely and securely to the customers. There are high chances that the products might get damaged while transported from one place to another.

Strapping has become essential in packaging and shipping as it ensures the safety of the packages. The strapping devices are useful as they control the high tension of the packages. If strapping is not applied properly, it could damage or harm the products in transit. Thus, strapping devices ensure that the products are strapped properly and securely.

These machines help in applying the straps with proper control and consistency. Hence, the products can be shipped safely if they are strapped by the strapping devices. Thus, rising need for safe shipping of various products from end-use industries is escalating the growth of the strapping devices market.

Who is Winning?

The key players operating in the strapping devices market are Mosca Direct Ltd, Samuel, Son & Co., Signode Industrial Group LLC, StraPack, Corp., Messersì Packaging S.r.l., Transpak Equipment Corp., and North Shore Strapping Inc. Besides these, some other noticeable players in the market are Dynaric, Inc., Strapex, Fromm Holding AG, Avi International Packaging Co., Kopack Enterprises, Transpak Equipment Corp., Alligator Automations, ASN Packaging Pvt Ltd., Packmaster Machinery Private Limited., FEIFER, Saizar S.L., and others.

These leading strapping device manufacturers are continuously adopting strategies such as new product launches, partnerships, mergers, acquisitions, and strengthening of distribution channels to gain a competitive edge in the global market.

Strapping Devices Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the strapping devices market, analysing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the strapping devices market based on the operation (manual, semi-automatic and automatic), device type (horizontal strapping and vertical strapping), and end-use (food & beverage, e-commerce, healthcare, homecare, electrical & electronics, personal care & cosmetics, shipping & logistics and printing & publication) across seven regions

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About the Packaging Division at Future Market Insights

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

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Strapping Devices Market by Category

By Operation:

Manual
Semi-Automatic
Automatic

By Device Type:

Horizontal Strapping
Vertical Strapping

By End Use:

Food & Beverage
E-commerce
Healthcare
Homecare
Electrical & Electronics
Personal Care & Cosmetics
Shipping & Logistics
Printing & Publication

By Region:

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

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North American Floor Displays Market is Poised to Increase at a 5.8 % CAGR During the Forecast Period 2022-2032

Future Market Insights has developed a credible business document that serves as a research study on the global floor display market. The report provides market size estimations for the assessment period, 2017-2027, and delivers an all-inclusive analysis on the future of the global market for floor displays. Inferences in the report have been penned to enable manufacturers of floor displays create informed strategies. Metrics such as compounded annual growth rates, basis points share index, absolute dollar opportunities, and market attractiveness index have been employed to deliver accurate and extensive market size estimations.

Qualitative and quantitative information have been infused to deliver a blended outlook on how the global sales of floor displays will shape up in the near future. The segmental analysis on the global floor display market is the key feature of this report, and additional information on cross-segmental data is provided as an add-on. The report has been specifically developed to ensure the manufacturers of floor displays availing this study can use the information within and secure the position in the global floor display landscape for the foreseeable future.

By the end of 2022, the market for floor displays is projected to be worth US$2,594.8 million. A CAGR of 5.4% has been predicted for the market over the forecast period of 2022 to 2032, with a predicted closing value of US$ 4,390.5 Million. The industry expanded with a value CAGR of 4.7% over the historical period of 2016–2021.

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Report Highlights

From industry trends and macroeconomics to production challenges and sales opportunities, the report has addressed and analysed all the causative factors influencing the growth of the global floor display market. The report has provided an overview of the parent market for floor displays, and also offered a standard and unbiased outlook on the global floor display market. Discrepancies in the supply-demand network of the global floor display market have been decoded.

The report exclusively delivers a competition dashboard that profiles all the leading manufacturers of floor displays around the world. Analysis on the basis of cost structure, pricing, and raw material sourcing strategies is also delivered in this study. A systematic breakdown of the global floor display distribution network and an intensity map demarking the presence of market players across several regions are some of the key features of the report. The report also highlights the revenue growth across multiple segments, and debriefs the technology standpoint for floor display manufacturing.

Market Taxonomy

The global market for floor display has been segmented on the basis of types of materials, their applications, and end-user base. Corrugated board, glass, metal, plastics, and foam board are the key materials used for production of floor displays. These displays are widely used in printing & stationary, automotive, electronics, cosmetics & personal care, food & beverages, and pharmaceutical applications. The report has also identified the end-user bases for floor displays, which include convenience stores, specialty stores, supermarkets, departmental stores and hypermarkets. The report has also analysed the global floor display market on the basis of regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.

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Key Segments Covered In The Floor Displays Industry Survey

Floor Displays Market by Type of Material:

Corrugated Board
Foam Board
Plastic Sheet
Glass
Metal

Floor Displays Market by Sales Channel:

Hypermarkets
Supermarkets
Departmental Stores
Specialty Stores
Convenience Stores

Floor Displays Market by Application:

Food & Beverages
Cosmetics & Personal Care
Pharmaceuticals
Printing & Stationary
Electronics
Automotive
Other Applications

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Floor Displays Market by Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Freezer Bags Market Demand by Increasing Consumer Preference for Better Storage and Food Packaging Solutions and Changing Lifestyles

In 2032, the market for freezer bags is projected to generate US$ 6,723.8 Million while growing at a CAGR of 3.8%. In 2022, the market is anticipated to be worth US$ 4,632.2 Million. The market showed a 2.5% growth rate between 2016 and 21.

The Freezer Bags market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Freezer Bags market.

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Freezer Bags – Market Outlook

According to United States, Environmental Protection Agency (EPA) food waste accounts for 21.0% of the daily wate stream. According to EPA, more food reaches landfills and preventing this would help address climate change. Twenty percent of methane emissions in the U.S. come from landfills. Reducing food waste through proper storage and packaging solutions is the need of the hour. Thanks to the availablity of deep freezer bags, food items and non-food items can be stored for longer durations without loss of aroma or freshness.

Freezer bags comes in all shapes and sizes with different colours. They differ in thickness compared to standard zipper pouches. Zipper bags have higher thickness compared to standard zipper pouches. Due to their high thickness, these bags can withstand extreme cold temperatures and do not form ice cubes at the outer surface of the food items. These bags provide deep protection against freezer burns. Freezer bags are made of high density polyethylene (HDPE), medium density polyethylene (MDPE) and low density polyethylene (LDPE). Freezer bags can be transparent or colored. The bag types include flat bag, satchel bag, and block bottom bag. Standard bag thickness is 0.05 mm.

Global freezer bags market dynamics are moderatly correlated with global food manufacturing industry. Freezer bags are generally used to store fresh produce and processed food items. These bags commonly meet USDA and FDA requirements for food contact.

Market Growth Analysis

Changing lifestyle and increasing consumer preference for more convenient food packaging and storage solutions is anticipated to drive the global freezer bags market during the forecast period. Major manufacturers of freezer bags are extensively investing in research & development to design & develop products with high reliability and durability. Fresh meat, dairy and fruits & vegetables together dominate the end use applications segment.

Busy lifestyle is influencing the consumers to choose freezer bags, which protect perishable food items like ready to eat meals, dairy, fruits & vegetables, fresh & processed meat, seafood etc. Rising awareness about food wastage is expected to drive the demand for freezer bags during forecast period. Freezer bags helps in storing food for longer durations with extended shelf life. Changing lifestyle, where family sizes are becoming small and adopting a busy lifestyle, there is a need to store food for longer durations is influencing the freezer bags market.

Asia Pacific Excluding Japan (APEJ) is expected to be the fastest growing freezer bags market. Rising middle class population in Asian countries: India, China and ASEAN is the main factor driving the demand for freezer bags. High spending levels and sophisticated lifestyle in developed regions such as North America and Europe, makes them a matured market for freezer bags. Despite of economic slowdown, political turmoil and immigration crisis, Western Europe & Eastern Europe together anticipated to dominate the global market. On the other hand Japan is a matured market where growth rates are stagnated.

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Global Freezer Bags market: Key Players

Some of the key players operating in the global Freezer Bags market are – CeDo Ltd., Thantawan Industry Plc., Plastic Slovakia s.r.o., EURO – pac Unterrainer GmbH, GELU- PLAST packaging films GmbH & Co.KG, DUO-PAck Co. Ltd., Cofresco Frischhalteprodukte GmbH & Co. KG, Comcoplast Comco Commercial Cooperation GmbH, Forum-Plast GmbH, Kerler GmbH, Sun Plast (India), Richmond Plastics Ltd., Shanghai Huitai Packaging Co,LTD., Simpac (U.K.), Teong Chuan Plastic(M) Sdn Bhd., American Bag Company, Eddi-Plastic GmbH, Ahrbach Verpackungen GmbH, mk Plast GmbH & Co. KG, Rudolf Klojer GmbH and others.

The global freezer bags market is expected to be driven by innovations. Consumer convenience is at the epicenter of product launches, which aim to capitalize on ongoing rapid shift in preference towards freezer bags.

Key Developments, Merger and Acquisitions

In 2014, CeDo group acquired by Straco
In 2014, Thantawan Industry Plc. Received Silver Award from Asean Plastic Awards, by Prodcut “SUNMUM” breast milk storage bag with triple zipper

Conclusion

Global freezer bags market is expected to expand at a lucrative CAGR during the forecast period, due to rising demand from end use application segments such as meat, poultry, ready to eat food, dairy, seafood, and fruits & vegetables. Freezer bags market is anticipated to witness rising consolidation (mergers & acquisitions, joint ventures, collaborations) during the forecast period.

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.

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The report covers exhaust analysis on:

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

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern 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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Global Freezer Bags market: Segmentation

The global freezer bags market has been segmented as follows –

On the basis of product type, the global freezer bags market has been segmented as –