Electrical Digital Twin Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI

The global Electrical Digital Twin Market is anticipated to grow at a strong CAGR of 12% during the forecast period, from US$ 900 Mn in 2021 to US$ 3.13 Bn by 2032.

Electrical digital twins will be in high demand due to the distributed renewable energy sources’ growing decentralisation.

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The increasing decentralisation of distributed energy resources via electrical digital twin and the integration of erratic renewable energy with the grid are what are driving the electrical digital twin market globally.

Operators of grid infrastructure and utilities are increasingly turning to digital technology, particularly electrical digital twin, to make the integration of renewable energy technologies into their operational mix more seamless.

The increased acceptance of innovative technologies such as IoT and cloud for digital twin applications and attractive digital twin prospects in industries such as aerospace and defense, healthcare, and automotive and transportation are driving demand for electrical digital twin.

The digital twin is being used in various industries, including automotive, construction, and manufacturing.

In addition, firms in these industry verticals are continually leveraging digital twin systems and technologies to evaluate the performance of physical assets and highlight where changes and enhancements are needed to achieve beneficial outcomes.

This aspect is driving many businesses to embrace digital twin software, and it is expected to propel the industry forward in the following years.

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Digital twin technologies are being increasingly adopted in various industries, including automotive, manufacturing, energy & utilities, and others, and this is expected to fuel market expansion in the coming years.

In addition, the growing adoption of electrical digital twin technology by researchers and medical practitioners to create novel platforms that can enhance care delivery through better patient monitoring is projected to boost the market growth in the following years during the coronavirus crisis era.

Adoption of electrical digital twin necessitates significant investments, collaboration, and long-term willingness on the operator’s part. To maintain a digital twin, operators must develop the necessary technology infrastructure, such as robust IoT deployments and simulation platforms, and integrate data sources from various departments and IoT contextual systems.

The extensive use of components of electrical digital twin by diverse stakeholders in the power sector is hampered by these considerations.

Due to a shortage of experienced workers, significant initial investments are necessary for installation and significant maintenance costs, and this factor is restricting the market’s growth in the predicted years.

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Key Takeaways

  • The increase in spending for the implementation of advanced digital technology to modernize old power generating and distribution infrastructure is propelling the development of the North American electrical digital twin market share.
  • The system digital twin type sub-segment accounted for the bulk of the worldwide customer base of all thecomponents of digital twin and is expected to maintain its dominance during the forecast period. This dominance is mainly due to the widespread use of system digital twin by various industries, including automotive, manufacturing, oil & gas, energy & utilities, and other verticals, to uncover new revenue-generating potential by lowering costs and improving customer service.
  • Owing to cloud-based solutions offer numerous benefits, such as scalability, flexibility, cost-effectiveness, and low energy consumption, their adoption rate is growing at a remarkable pace across organizations. The cloud sector of the electrical digital twin market size is anticipated to advance at a healthy CAGR during the forecast period.
  • The primary electrical digital twin categories in the industry are digital gas and steam power plants, digital grid, wind farm, hydropower plants, and distributed energy resources.

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

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Global Isothermal Boxes for Vaccines Market is projected to expand at a CAGR of 7.1% during the forecast period (2022-2028)

In terms of revenue, the global isothermal boxes for vaccines market is estimated to grow at a CAGR of 7.1% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.

Future Market Insights (FMI) delivers key insights on the global isothermal boxes for vaccines market in its published report titled “Global Isothermal Boxes for Vaccines Market: Industry Analysis and Opportunity Assessment, 2022-2028”.

Isothermal boxes for vaccines are passive carriers majorly used to aid last-mile reach of vaccines from healthcare facilities to outreach sessions. Cold boxes and small vaccine carriers are products used to keep vaccines cool during transportation. In this report, the superset of cold boxes and vaccine carriers has been considered as isothermal boxes for vaccines.

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Increasing transportation services between intermediate vaccines stores and healthcare centers is likely to contribute significantly towards growing demand for the isothermal box for vaccines in the forthcoming years.

Future Market Insights has taken up a comprehensive study, which has been holistically in relation to the market for isothermal box for vaccines. This is also expected to be highly valuable for the end-users in near future. This comprehensive study is the reason why analysts have been able to supply reliable information that is all-inclusive of beneficial facts and figures with regards to market for isothermal box for vaccines for the near future.

The report has indicated that market for isothermal box for vaccines will probably be expanding at a significantly healthy 7.1% CAGR throughout 2022-2028, for reaching a valuation of approximately US$ 269.4 Mn by 2028-end.

Introducing technically advanced, effectual as well as innovative isothermal box for vaccines is likely to be considered as an exclusive trend, which will be substantially impacting the holistic development of the market for isothermal box for vaccines across the globe. Our analysts did take immense efforts in making sure that they met the emerging concerns of the industry associates and market observers, regarding the market for isothermal box for vaccines.

What was the Impact of the COVID-19 Pandemic on the Global Isothermal Boxes for Vaccines Market?

The COVID-19 pandemic has a positive impact on the isothermal boxes for the vaccines market. The isothermal boxes for vaccines experienced a rapid rise in demand due to the spread of coronavirus across the world. According to the World Health Organization (WHO), as of 12th December, 2021 around 8.2 Bn vaccine doses are administered globally.

This increasing number of vaccine doses across the globe augment the sales of isothermal boxes for vaccines as vaccine doses need to be preserved and stored under certain conditions & temperatures.

The development of different vaccines for coronavirus across the world created growth opportunities for the isothermal boxes for vaccines market. Also, the government restriction along with the fear of the deadly virus lead to rising demand for the vaccine. Thus, the spread of COVID-19 had resulted in the development of various vaccines which had a constructive impact on the isothermal boxes for vaccines market.

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Competitive Landscape

The key players operating in isothermal boxes for vaccines market are adopting the partnership & collaboration strategy to utilize the resources along with efficiently catering for the increasing demand in the market. Also, the key players are expanding their presence by establishing manufacturing facilities across the untapped regions.

  • In December 2021, B Medical Systems Sarl has signed an MOU with the Gujarat Government for manufacturing medical cold chain equipment.

In April 2021, an international leading medical-grade refrigeration and vaccine cold chain equipment manufacturing company named B Medical Systems Sarl announced the partnership with old Chain Technologies to bring end-to-end thermal shipping and medical storage solutions to the market.

Isothermal Boxes for Vaccines Market By Category

By Product Type:

  • Short Range Isothermal Boxes for Vaccines
    • <5 Litres
    • 5 – 15 Litres
    • 16 – 25 Litres
  • Long Range Isothermal Boxes for Vaccines
    • <5 – 15 Litres
    • 16 to 25 Litres

By Material:

  • Polypropylene (PP)
  • Polystyrene (PS)
  • Polyurethane (PU)
  • Polyethylene (PE)
  • Others

By Region:

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

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

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Telescopic Masts Market Key Players, End User, Demand and Consumption by 2032-FMI

The Telescopic Masts Market is expected to increase annually by 4.3% in 2022, reaching a value of US$ 374.0 Mn. Sales in the market are anticipated to increase due to the military and security sector’s booming demand for both internal and external use.

Where drones and other surveillance tools cannot be used, these masts are used. Sales are anticipated to grow at a 4.9% CAGR over the forecast period as a result of rising commercial demand for telescope masts and pneumatics.

Due to growing investments in the military industry, North America is expected to hold a dominant share of the market, followed by Europe. By 2032, it is anticipated that North America and Europe will hold a combined market share of 45%.

According to Future Market Insights (FMI), the rising usage of telescopic masts in the military sector is driving the market. Military vehicles are provided with small portable telescopic or pneumatic masts for practical surveillance, which is anticipated to augment the boost in the market.

The increasing development of innovative technologies by the manufactories is expanding sales of pneumatic telescopic masts, thereby fueling sales in the international telescopic masts.

Pneumatic telescopic masts are used with the help of air pressure and erect faster than the conventional or mechanical telescopic masts, which makes them more popular among end-users.

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The growing requirement for telescopic masts from commercial, military, security, municipal and other sectors is anticipated to bolster demand in the telescopic masts market over the forecast period.

“Increasing investments in the military sector across the globe, along with increasing adoption of pneumatic and motorized telescopic masts will continue driving sales in the market over the forecast period,” says the FMI analyst.

Key Takeaways:

By end-use, the military sector is forecast to hold over 39% of the total market share in terms of volume in 2022.

Based on product type, sales in the push-up telescopic masts segment are expected to hold over 28% of the total market share.

By load, demand in the medium-duty segment is set to surge at a 4.3% CAGR over the forecast period.

In terms of height, demand in the >15 to 34m segment is expected to reach US$ 267.3 Mn by 2032.

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Sales in the U.S. telescopic masts market are projected to grow year-over-year by 3.9% in 2022.

The German telescopic masts market is forecast to grow at a 3.3% CAGR through 2032.

China will emerge as a lucrative market, with sales growing at a 4.4% CAGR over the forecast period.

Competition Landscape

The global telescopic masts market is moderately consolidated with key players accounting for around more than 40% of the market share. Key players are investing in product developments and the expansion of their distibution channels to improve their presence in the market.

Some of the key players in this industry include the RATT, Willburt, Mast System (Transdigim Inc.), Rohn Products Inc, Comrod Communication Group Marine, SERAPID Inc., and others

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Find More Valuable Insights

The research report analyzes the demand for telescopic masts. The global telescopic masts market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background.

As per Future Market Insights, the market has been analyzed on the basis of product types (push-up masts, hitched masts, integrated mast trailers, push-button masts and cable/belt driven masts), load (light-duty, medium-duty, and heavy-duty), height (up to 15m, 15-34m, and 34 to 50m), end-use (commercial, military, security, and municipal) and region.

The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply-side and demand factors.

Global Telescopic Masts Market by Category

By Product Type:

Push-Up Masts Hitched Masts Integrated Mast Trailer Push Button Masts Cable/Belt DrivenBy Load:

Light Duty (Up to 45kg) Medium Duty (45 to 120kg) Heavy Duty (Above 120kg)By Height:

Up to 15m >15 to 34m >34 to 50mBy End Use:

Commercial Military Security Municipal Others

By Region:

North America Latin America Europe South Asia Pacific East Asia Middle East and AfricaAbout Future Market Insights (FMI)

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About Future Market Insights (FMI)

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

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Human Milk Oligosaccharides Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2027

Future Market Insights’ latest report reveals that the global human milk oligosaccharides market is set to surpass a valuation of US$ 76 Mn, registering a CAGR of 14.6% between 2017 and 2027.  This growth will be primarily orchestrated by the increasing application of HMO in infant nutrition products.

Human milk oligosaccharides (HMO) helps in maintaining infant’s gut microbiota as well as promotes the growth of healthy bacteria and reduce pathogens, preventing infections and others bacterial risks. In recent past, sales of infant nutrition products have increased to a significant extent owing to the continuously rising infant population across the globe.

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According to WHO, the total world population is estimated to increase by approximately one billion in the next 10 years and will reach 9.5 billion by 2050. Incidentally, demand has been relatively higher to the supply of infant nutrition products. Meanwhile, sales of infant formula are also surging in some of the Asian countries such as China and India, promoting the consumption of HMO alike.

In 2017 and beyond, the human milk oligosaccharides market in Europe is anticipated to witness significant revenue growth. Towards the end of 2027, Europe is anticipated to account for over 49% value share of the global market. Manufacturers in Europe are filing claims for regulatory approvals and product safety certifications in order to use HMO for preparing infant formulas. In North America, the HMO market is currently valued at over US$ 6 Mn and holds the second spot in terms of market size after Europe.

FMI’s report, titled “Human Milk Oligosaccharides Market Global Industry Analysis and Opportunity Assessment, 2017 – 2027” also cites that demand for HMO is gaining traction due to a positive perception of its prebiotic properties that help maintain a healthy immune system in infants. In addition, manufacturers are focusing on increasing their production capacities in order to enhance production of HMOs such as 2’-FL (2-fucosyllactose) that can be potentially used as an ingredient in functional food and beverages. zuChem Inc., Glycosyn LLC, Elicityl SA, Jennewein Biotechnologie GmbH, Glycom A/S, Dextra Laboratories Limited, Carbosynth Limited, Inbiose NV, ProZyme, Inc. are the leading companies operating in the global human milk oligosaccharides market.

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Key Excerpts of the Report Include:

  • Among product type, fucosyllactose HMO currently accounts for the largest value share of the market followed by sialyllactose HMO. However, the latter is expected to register a faster growth rate in terms of the market value over the forecast period.
  • By 2017-end, US$ 5.5 Mn worth sialyllactose HMO is expected to be consumed globally.
  • Increasing demand for functional food and beverage products is projected to further facilitate the growth of global human milk oligosaccharides market over the next couple of years.

Market Segmentation

By Product Type

  • Fucosyllactose
  • LNT & LNnT
  • Sialyllactose

By Region

  • North America
  • Europe
  • Asia Pacific

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

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Sales of Cling Film Market in North America, Western Europe and APEJ together account for more than 79% of global sales

As per the latest study by Future Market Insights (FMI), sales will continue growing in the market at a ten-year compound annual growth rate (CAGR) of 5.0% annually, through 2031.

Application in food industry will account for more than half of sales in the market through 2031. However, demand in consumer goods will rise at a higher pace of 5.2% CAGR over the course of the assessment period. Revenue generated in the cling film market is expected to increase by 3.0% in 2021. Between 2021 and 2031, the market valuation is expected to double reaching US$ 1.9 billion.

Consumer preference for easy food wrapping solutions is expected to drive the cling film market. According to Market Study, cling films sales to rise at 5% CAGR between 2021 and 2031. Rising demand for high-quality and efficient packaging solutions at lower cost will drive cling film sales in the food sector. 

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Within the food industry, cling films are used for protecting fruits and vegetables, meat, seafood, dairy products, frozen foods, and other items against contamination and improve their shelf life. Besides this, cling wraps are used for packaging of non-food items such as consumer goods, healthcare products, and more. 

Cling film protects products from getting contaminated by keeping them fresh while also enhancing shelf life. Cling film is primarily used for short term preservation for on-the-go food and online deliveries through e-commerce channels. These factors are acknowledged as critical factors driving the cling films market. 

Key Takeaways from the Cling Film Market Study 

  • Polyvinyl chloride is expected to create incremental opportunity of US$ 508.3 million by 2031. It is cost-effective and suitable for recycling processes. 
  • Cling film products up to 9 microns in thickness is estimated to increase 1.7 times by the end of 2031, attributed to clear and transparent packaging for food product displays. 
  • Canada is expected to reflect faster growth in North America, with a 6.5% CAGR due to the presence of key players and the availability of technological advancements. 
  • Germany leads Western Europe accounting for 26% of the value share by 2031, owing to relatively higher production capacity. 
  • China will continue to dominate APEJ holding over 40% of the market through 2031, supported by a large base of end users and manufacturers. 

“With competition expected to get fiercer, market players are expected to focus on capacity expansion. Mergers and acquisitions will remain key strategy as companies aim for strengthening their global footprint,” said a lead analyst. 

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Impact of COVID-19 on Cling Film Market 

The covid-19 outbreak has bolstered the demand for food packaging solutions under the essential products category. Demand for packed foods, online deliveries, on-the-go food, and consumer goods has shifted drastically due to the shutdown caused by the pandemic for which packaging demand has risen. 

Packed frozen foods with the help of cling film has been sold globally through e-commerce platforms. Due to the Covid-19 outbreak, consumers and marketers have displayed increased interest in the use of hygienic products which are reusable and recyclable outweighing concerns about plastic disposal in terms of environment. 

Who is Winning? 

Tier 3 players in the cling film market hold 80-90% of the overall value share. Key players contribute up to 20% of the global demand. Capacity expansion and material innovation strategies will remain important in the coming decade. 

  • Berry Global,
  • Intertape Polymer Group,
  • Gruppo Fabbri Vignola S.p.A,
  • Klöckner Pentaplast Europe GmbH & Co. KG,
  • Anchor Packaging,
  • Wrapex Limited,

and among others are the prominent players in the global cling film market. 

Cling Film Market by Category

By Material type:

  • Polyethylene
    • Low Density Polyethylene (LDPE)
    • High Density Polyethylene (HDPE)
    • Linear Low Density Polyethylene (LLDPE)
  • Bi-axially Oriented Polypropylene (BOPP)
  • Polyvinyl Chloride
  • Polyvinylidene Chloride
  • Others

By Thickness:

  • Up to 9 micron
  • 9 to 12 micron
  • Above 12 micron

By End Use:

  • Food
    • Meat
    • Seafood
    • Baked Foods
    • Dairy Products
    • Fruits & Vegetables
    • Ready to Eat Meals
    • Others
  • Healthcare
  • Consumer Goods
  • Others

By Region:

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

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About Us

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

Contact:

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Machine Control System Market Impacted by Market to Remain Dormant in Near Term, Projects FMI 2017 -2027

In 2021, the demand for machine control systems market was valued at US$ 4 billion, and it is predicted to increase at an annual pace of 8% over the forecast period.

As per machine control system market analysis, the growing demand for precision in heavy machinery control and navigation is projected to fuel market expansion.

Machine control systems reduce field and machine downtime while improving resource utilisation. Heavy equipment failure on a construction site can cause operational delays and significant financial losses.

Construction equipment is precisely monitored and controlled by machine control specialists, resulting in optimised performance and faster quality assurance on the job site.

As a result, investing in machine control systems promises to save time, eliminate budget overruns, and reduce machine maintenance costs, all of which will have an impact on machine control.

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Excavators, dozers, and graders are costly machines, and incorporating machine-guided technology into them raises installation and integration expenses. In addition, the machine control market trends indicate that building and mining companies need a lot of money to buy or rent equipment integrated with machine control technology.

While recent developments in machine control systems provide improved precision, aid in faster project completion, and have reduced maintenance costs, the costly initial outlay is a barrier to market expansion.

“Lockdowns were imposed around the world, halting many existing and prospective projects, affecting consumption for machine control systems and other construction materials. Owing to the lifting of lockdowns and vaccination rollouts, this sector has acquired traction again and is likely to rebound quickly.

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As a result, the machine control system market trends and forecast are now shifting again, with the demand for machine control systems is predicted to increase consistently over the forecast period.”, opines an FMI analyst.

There is a growing market for machine-guided technology in the Asia Pacific. In the construction sector, cost-effective and time-efficient techniques must provide a secure, elevated, durable, and friendly constructed environment.

As a result, machine control systems play a critical role in ensuring efficiency and reliability on building sites in emerging regions.

The machine control system market size is expected to reach the valuation of US$ 6.3 Bn in 2026, growing at a modest CAGR of 8%.

Key Takeaways

Over the projected period, the Asia Pacific area is expected to grow the most, with China and India leading the way. Governments in these countries have embarked on initiatives to replace aging infrastructures such as roads, bridges, sewage systems, and tunnels by effectively using the intelligent machine control system market.

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Because of the ever-increasing population and high need for food, the agriculture segment is predicted to grow at a stable CAGR of around 10%. The demand for quick production and enhanced crop quality drives digital control system growth.
Segmented as per equipment, excavators fully utilize the machine control system market opportunities due to their accuracy productivity than other equipment in construction and excavating operations.

As per the machine control market report, the construction segment is leading the growth-share due to rising modernization and other infrastructural initiatives conducted by emerging regions.
The GNSS product segment dominates the market. The high use of GNSS on scrapers, dozers, graders, excavators, and aerial devices is responsible for this high share.
The emerging trends in the machine control system market state that the second-largest segment, total stations, is predicted to grow at a steady rate. These systems’ ease of deployment and enormous product modification scope is credited with this expansion.

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Competitive Landscape

To enhance their offers in the market, machine control unit companies have used various organic and inorganic growth tactics, such as news releases, product developments, alliances, and collaborations.

Topcon and Hitachi (HCMUK) collaborated in March 2020 to provide an ‘inventive’ and ‘sophisticated’ machine control for a more effective workflow. HCMUK used the Topcon X53-x automated machine control software on its excavators as part of the deal.

Volvo Construction Equipment has expanded its machine control system market demand analysis to encompass a wider variety of wheeled loaders and introduce productivity and serviceability improvements.

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

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Floral Flavour Market ,Share,Emerging Trends,Growth opportunity,Forecast 2019-2027

Surpassing global market revenues of US$ 850 Mn in 2019, sales of floral flavours will see momentous growth over the course of following years. During 2019 – 2027, global floral flavour market is poised for a CAGR of over 7%, as projected by a new Future Market Insights (FMI) study.

The floral flavour market is anticipated to grow at a moderate pace during the forecast period. As per the data found by our analysts, the increasing proclivity of consumers towards purchasing clean-label goods is likely to lead to an uptick in the demand for the naturally-sourced ingredients that floral flavours are.

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Consumers are showing an aversion towards artificial flavourings while resonating with colour-enhancing and flavour-inducing natural and organic floral flavour. As a result, the demand for these flavours is likely to grow during the forecast period. Owing to this demand, the focus of manufacturers is on the development of floral products that are free from chemicals as well as artificial flavourings.

Consumers are showing interest in unconventional and authentic flavours in their food and beverage products offering unique mouthfeel. The number of products containing floral flavours has increased multifold from 2015-2018, as they account for a sensorial effect and deliver novel and interesting taste experiences to consumers.

Key Takeaways – Floral Flavour Market Study

  • Consumers seek products that have their roots in a pre-industrialized food system that is centered around whole, natural, and unrefined ingredients. Floral flavours match the growing consumer’s interests in authenticity of their products. Thus, floral flavours are witnessing a surge in demand.
  • In 2019, Firmenich SA, a privately-owned flavour and fragrance company, declared hibiscus as the Flavour of the Year, based on the increasing appeal of usage of hibiscus in food and drinks. Hibiscus is gaining traction in the flora flavour industry due to its appealing attributes, like the pleasant aroma coupled with a touch of tangy profile.
  • Besides, the hibiscus-based floral flavour is gaining popularity in applications such as beer, yogurt, chocolates, and tea, especially in the United States, Mexico, Brazil, and Denmark, with growth also taking place in Italy and Spain.
  • Beverages sector contributes more than half of the total floral flavour market share. Floral flavours are appearing in revitalizing, healthy product launches. Lavender, rose, jasmine, elderflower, and hibiscus flavours are witnessing significant demand, predominantly for use in soft drinks.
  • Frequent new launches in the alcoholic beverages category are progressively featuring floral flavours to gain greater consumer traction and achieve marketing differentiation.
  • Europe and North America will be significant in the global floral flavours market over the forecast period. The demand for floral flavours has especially impacted the European flavour industry.

Consumers are increasingly looking for healthier, authentic, and natural-tasting infused beverages, fusion drinks, and floral-infused RTD coffee. Thus, new entrants seeking to establish their position in the floral flavours market must focus their efforts on the beverage industry.

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Botanicals Trending Floral Flavour Space

New floral flavours are emerging to witness increasing demand from the food and beverage industry. With an increasing assortment of floral flavoured mixers and edible flowers, food and beverage manufacturers are experimenting with amalgamation of floral flavours to eventually create unique recipes. The increase witnessed in manufacturers’ investments into floral flavours is indicative of the fact that the botanical flavour trend is here to stay in the long run.

Europe Remains Important Market for Investors

European markets are rapidly witnessing new product launches featuring infused floral flavours in vast products ranging from chocolates, snacks, yogurts, beverages, and many more. In the United Kingdom, Rowntree released fruit and flower-infused pastilles, whereas, in Germany, Alpro launched orange blossom-flavoured apricot soy yogurt. Fermè, an Italian fruit supplier company, launched vegan cheese with fermented cashews preparation, infused with flowers and herbs in the U.K.

Manufacturers Augmenting R&D Investments to Develop Application-specific Flavours

Key players operating in the flavour industry are investing more in research and development activities to upscale their floral flavour production capacity and to provide consumers with unique blends of floral flavours. Flavour manufacturers are strengthening their partnership with end-user industries to meet the growing demand for innovation in food and drink offerings.

  • In April 2016, Givaudan S.A., a leading flavour manufacturing company in Switzerland invested US$ 126Mn to open an innovation center in Switzerland.
  • In July 2016, Takasago International Corporation invested towards a new development center for flavours and fragrances in Mexico, to enhance its product portfolio and presence in Latin America.

Know More About What the Report Covers

Future Market Insights, in its new offering, provides an unbiased analysis of the global floral flavours market, presenting historical demand data (2016-2018) and forecast statistics for the period from 2019-2027. The study divulges compelling insights on the floral flavours market based on the raw material (hibiscus, lavender, neroli/orange flower, rose, elderflower, jasmine, cherry blossom, chamomile, and violette), end-use (food- dairy, bakery, confectionaries, snacks, fats and oils, and beverages- alcoholic beverages and non-alcoholic beverages), and product type (natural, organic, and artificial) across seven major regions.

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Shot Blasting Machine Market Remains Afloat amid COVID-19 Pandemic, to Surge Positively, Projects FMI 2021-2031

As per a recent market survey by Future Market Insights, sales in the global shot blasting machine market are expected to increase at a healthy 5% CAGR, reaching a valuation of US$ 1.8 Bn in 2031.

Shot blasting machines play a vital role in the metal industry. With increasing demand from industries such as aerospace and automotive, sales will rise across the globe over the forecast period.

Growing demand for shot blasting equipment from the construction and automotive sectors is expected to drive the demand for semi-automatic shot blasting machine in the forthcoming years.

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Further, manufacturers are offering customized shot blasting machines to improve sales in the market. They are focusing on innovative technologies and techniques to improve the performance of these machines.

This is expected to augment the. Growth of the market in the forthcoming years. As per FMI, sales in China and India are expected to increase at a considerable pace owing to rapid urbanization, increasing sales of electric vehicles, and growing residential and commercial establishments.

“Increasing applications of shot blast machines in the aviation sectors, along with surging demand for roller conveyor shot blasting machines will continue boosting the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • In terms of product type, sales of wheel blasting machines are projected to increase at a 3.8% CAGR through 2031.
  • Based on automation, demand in the semi-automatic segment will grow at a 4.1% CAGR over the assessment period.
  • Sales in the automotive sector will increase at a steady 4.2% CAGR over the forecast period.
  • The U.S. will dominate North American shot blasting machines market, expanding at a 4% CAGR.
  • The U.K. will emerge as a lucrative pocket in Europe shot blasting machines market, with sales growing at a 4.3% CAGR.

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Competitive Landscape

Some of the leading players in the market are SINTOKOGIO, LTD., Rösler Oberflächentechnik GmbH, Norican Group and SHANDONG KAITAI GROUP CO. LTD. The top 5 players are projected to account for 20-25% of the total market share over the forecast period.

The global shot blasting machines market is extremely consolidated. Market players are competing to increase their global footprints by advancing their product portfolio through technological innovations and new product development.

Players are also expanding their sales channels in emerging markets through collaborations and are focusing to provide global service network to end users.

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Find More Valuable Insights

The research report analyzes the market demand trends of the shot blasting machine market. The global market estimation and growth projection is based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of Shot Blasting Machines.

As per Future Market Insights’ research scope, the Shot Blasting Machine Market has been studied and segmented on the basis of product type, automation, end-use industry and region.

The report provides qualitative and quantitative information on various players in this market. This report also tracks the market on both, the supply-side and demand side.

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

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Asparagus Market 2022 Assessment and Key Insights Analyzed Till 2027

Key excerpts from Future Market Insights’ latest report on the global asparagus market project that by the end of 2027, around 10,300,521.7 metric tonnes (MT) of asparagus will be consumed across the globe. The sales of 10 million MT of asparagus are estimated to bring in revenues worth over US$ 37 Bn. Rising awareness among consumers regarding benefits of consuming asparagus is expected to instrument the growth in global consumption. By helping consumers boost their immunity, enhance brain function, and at certain extent, fight cancer, asparagus will continue to be an essential vegetable rich in nutrients.

Asparagus is actively sought by major companies as a key ingredient in soups on account of its nutritive properties and palatable taste. Asparagus is widely predicted to become the primary choice in the soup manufacturing industry as many companies already make soup with asparagus and this is only expected to grow in the future.

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In terms of production, China is expected to remain the world’s largest asparagus producer throughout the forecast period, 2017-2027. In 2014, China recorded production of half a million metric tonnes of asparagus. China’s contribution to the asparagus market in Asia-Pacific will remain significant. However, brimming demand for asparagus makes Western Europe the largest market, procuring over 40% share of global revenues. North America is also expected to be at the forefront of expansion of the global asparagus market, recording consumption of nearly 2 million MT of asparagus by 2016-end.

Key Segments Covered

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan

By Type

  • Fresh
  • Canned
  • Frozen

By Colour

  • White
  • Green

In spite of ample production and growing awareness regarding benefits of asparagus, the market is poised to grow at a moderate place. In terms of volume, the market is projected to showcase a 2.2% CAGR, while global asparagus revenues are projected to soar sluggishly at 3.1% CAGR during the forecast period. The report, titled “Asparagus Market: Global Industry Analysis and Opportunity Assessment, 2017-2027,” has identifies key restraints for the growth of global asparagus sales, which include:

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  • Farmers Opting for Direct Marketing – Farmers cultivating asparagus sell their produce by themselves, through traditional village bazaars and roadside outlets. Large and small restaurants as well as common consumers are also preferring to purchase this farm-fresh asparagus through direct marketing of farmers. This practice is impacting the global asparagus sales, but at a moderate extent.
  • High Costs for Processing & Storage of Asparagus – The most crucial inhibitor for growth of global asparagus sales is the need for higher capital investment in storage and processing of asparagus. Cost of packaging, cooling and transportation is relatively high, which reduces the price per pound of asparagus. Reduction in price per pound further leads to monetary losses for manufacturers. Processed asparagus, such as asparagus in brine, soups, mixed vegetable products etc., being sold at higher cost price, is expected to result in lower uptake among some sections of consumers in the world.

Leading manufacturers of asparagus include: Altar Produce LLC, Sociedad Agrícola Virú, DanPer Trujillo S.A.C., Limgroup B.V., TEBOZA BV, THIERMANN SPAGEL FARM, ILIOS – The Greek Asparagus Company, BEJO SEEDS LTD., Spargelhof Elsholz Gbr, Cutter Asparagus Seed, JERSEY ASPARAGUS FARMS, INC., Consorzio Associazione Produttori Ortofrutticoli Foggia, Mazzoni Vivai, and California Asparagus Seed and Transplants, Inc.

Additional Highlights from the Report –

  • By the end of 2017, the report estimates that over 8.2 million MT of asparagus will consumed globally, raking in US$ 27.7 Bn revenues
  • Towards the end of 2027, over three-fourth of global revenues will be accounted by sales of fresh asparagus
  • Likewise, green asparagus will also hold 75% share of global revenues throughout the forecast period, registering revenue growth at 3.3% CAGR

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

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Healthcare and Laboratory Labels Market is expected to reach US$ 9.2 Bn in 2022, likely to surge at a vigorous 4.9% CAGR

The market for healthcare and laboratory labels is currently valued at US$ 9.2 billion and is anticipated to reach US$ 13.5 billion by 2030, growing at a CAGR of 4.9 percent. By 2030, it is anticipated that the market for healthcare and laboratory labels would be worth over US$ 13.5 billion, with the pharmaceutical industry serving as the primary driver of growth. During the forecast period, the market for healthcare and laboratory labels is anticipated to grow at a CAGR of 4.9 percent (2020-2030).

Clinical research is anticipated to have a significant impact in the growth of the healthcare and laboratory labels market. The development of novel medications and formulations has been prompted by the growing need for better healthcare services.

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Healthcare and laboratory labels market is projected to reach over US$ 13.5 Bn by 2030, with pharmaceutical industry being the end user at the growth forefront. Healthcare and laboratory labels market is projected to expand at CAGR of 4.9% during the forecast period (2020-2030).

The rising need for improved healthcare services has led to the development of new drugs and formulations and clinical research is forecast to play a prominent role in the growth of healthcare and laboratory labels market.

Competitive Landscape

The healthcare and laboratory labels market is a fragmented market. The key players operating in the market are focusing on expanding their reach globally, diversifying their product portfolio, and rapid product development to gain competitive edge.

Pdc Healthcare has its V-Notch Secondary Labels with BD Vacutainer Plus Plastic Tubes. They make way for appropriate label placement every time.

Top Key Players Covered-

  • Avery Dennison Corporation
  • CCL Industries Inc.
  • 3M Company
  • Multi-Color Corporation
  • UPM Raflatac Corporation
  • Brady Corporation
  • Sato Holdings Corporation
  • Weber Packaging Solutions, Inc.
  • Schreiner Group GmbH & Co. KG
  • Diagramm Halbach GmbH & Co. KG
  • The Aenova Group
  • Shamrock Labels
  • Medline Industries, Inc.
  • PlatinumCode
  • United Ad Label
  • Adampak Pte Ltd.
  • Advance Labelling Systems Limited
  • Majestic Labels CC
  • QLM Label Makers Pte Ltd.
  • Chicago Tag & Label, Inc.

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Key Segments Covered in healthcare and Laboratory Labels Industry Research

Market By End-user :

  • Pharmaceuticals
  • Nutraceuticals
  • Medical Devices
  • Blood Banks
  • Hospital Services
  • Laboratories

By Region :

  • North America Healthcare and Laboratory Labels Market
  • Latin America Healthcare and Laboratory Labels Market
  • Europe Healthcare and Laboratory Labels Market
  • East Asia Healthcare and Laboratory Labels Market
  • South Asia Healthcare and Laboratory Labels Market
  • Oceania Healthcare and Laboratory Labels Market
  • Middle East & Africa (MEA) Healthcare and Laboratory Labels Market

The Healthcare and Laboratory Labels Market report provides insights on the following Point:

  1. Healthcare and Laboratory Labels Market Penetration: Provides comprehensive information on the market offered by the key players
  2. Healthcare and Laboratory Labels Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  3. Healthcare and Laboratory Labels Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
  4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
  5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

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

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