Tableware Market : Value Chain, Stakeholder Analysis and Trends by 2032

The global tableware market is expected to reach a valuation of US$ 44.5 Bn by 2022, with sales growing at a 5.6% CAGR over the forecast period.

Changing purchasing behavior influenced by the developing domestic segment and increasing urbanization will drive the sales of tableware. People in cities are progressively adopting a western lifestyle in several emerging economies, driving the tableware demand.

The tableware market has grown significantly as a result of changing lifestyle and trends, particularly in developing countries. In addition, rising business sectors, particularly the hospitality business, have enhanced their offerings, boosting the tableware market.

Furthermore, the global tableware market is expected to rise due to the quickly increasing number of domestic renovations, growing number of household units, and the growth in the construction of modular kitchens.

Subsequently, expansion of commercial sectors, especially in the hospitality sector in developing nations such as India and China, are positively affecting the sales in tableware market.

However, usage of disposable plates in hotels and restaurants due to low cost, low resilience of ceramic tableware, and expensive pricing of top quality items are projected to stymie the growth in tableware market.

Key Takeaways

  • Ceramic tableware is expected to increase at the fastest rate owing to the development of low-cost ceramic ware.
  • The U.S. tableware market is expected to rise significantly with growing innovative material technologies for tableware accessories.
  • Based on distribution channel, the online channel is expected to dominate the market, accounting for 35% of total sales.
  • During the forecast period, the India tableware market is expected to grow at a CAGR of 7.9% spearheading the growth in South Asia tableware market.

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“The global tableware market is projected to recover and show considerable growth over the forecast period. Tableware manufacturers are expected to profit from investing in ceramic tableware owing to the improved standard of living and preference for unique and lightweight tableware accessories.” –FMI Analyst

Ceramic Tableware Segment to be the Key Driver of the Global Tableware Market

In comparison to many other materials, ceramic tableware is the most preferred tableware material as it can easily be cleaned and are stain-resistant. The ceramic segment is expected to have the largest share in the global tableware market in 2021.

Sales are driven by increasing preference to have their dinnerware of ceramic for household purposes. Also, demand for ceramic ware will surge among hotels and restaurants to add a unique and personal touch.

In addition, changing lifestyle, increasing disposable income, and introduction of low-cost ceramic ware will boost the ceramic tableware segment.

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Global Tableware Market Landscape

The key players in the global tableware industry are concentrating on providing lighter-weight and more environmentally friendly packaging. Some of these key players are –

  • Lenox Corporation
  • Abert SpA
  • Anhui Deli Household Glass Co. Ltd.
  • Meyer Corporation Group
  • Saint-Louis
  • Steelite International plc
  • Raynaud Limoges
  • ARC International SA
  • Villeroy & Boch AG
  • Noritake Co. Limited
  • Lifetime Brands
  • La Opala RG Limited
  • Stölzle-Oberglas GmbH
  • Dankotuwa Porcelain PLC.

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Global Tableware Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for tableware market by product (plates, bowls, cups, trays, cutlery), by material (glass, ceramic, metal, others (plastic, fiber, wood, etc.)), by distribution channel (online, and offline), & region.

Table of Content
1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Distribution Channel Innovation / Development Trends

4. Key Success Factors

4.1. Distribution Channel Adoption / Usage Analysis

4.2. Distribution Channel USPs / Features

4.3. Strategic Promotional Strategies

5. Global Tableware Market Demand Analysis 2015–2021 and Forecast, 2022–2032

5.1. Historical Market Volume (‘000 Units) Analysis, 2015–2021

5.2. Current and Future Market Volume (‘000 Units) Projections, 2022–2032

5.3. Y-o-Y Growth Trend Analysis

TOC Continued…

 

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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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U.S. Wear Plate Market Is Expected To Register 5.4% Year-On-Year Growth | 2021-2031

It also saves money on maintenance because it outlasts all other steels. The use of wear-resistant steel plates reduces the weight of the equipment by 30-40%. As a result, the global wear plates market is expected to grow at a CAGR of 6.3 percent between 2021 and 2031.

According to Future Market Insights (FMI), the wear plates market is expected to grow rapidly in the near future, owing to the expansion of end-use industries and manufacturing applications.

Wear plate market demand is expected to rise due to growing applications in waste management, pulp and paper, chemicals, and other industries over the forecast period. As a result, increased research and development activities will propel the wear plate market forward.

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It also saves money on maintenance because it outlasts all other steels. The use of wear-resistant steel plates reduces the weight of the equipment by 30-40%. As a result, the global wear plates market is expected to grow at a CAGR of 6.3 percent between 2021 and 2031.

Future Market Insights used a multidisciplinary approach during the prediction era to shed light on the success and progress of the Wear Plates Market. The study provides a deep dive into the current growth dynamics and their major revenues for 2019, as well as key prospects for the forecast period.

Future Market Insights analysts used extensive rounds of critical and detailed secondary research to arrive at various Wear Plates Market forecasts and predictions, both on a national and international scale. They have incorporated numerous industry-wide unmistakable business merge estimations, figures, and market data into income assessments and projections in the Wear Plates Market.

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Key Players

Some of the key market participants in the global Wear Plates market, identified across the value chain include:

  • SSAB
  • JFE
  • ThyssenKrupp
  • Dillinger
  • ArcelorMittal
  • Essar Steel Algoma
  • NSSMC
  • Wuyang Steel
  • Xinyu Iron & Steel
  • NLMK Clabecq
  • Baosteel Group
  • Baohua Resistant Steel
  • Bisalloy
  • ANSTEEL
  • TISCO
  • Bisalloy Jigang

According to Future Market Insights (FMI), the wear plates market is likely to witness robust growth in the near future, on the back of expansion of end-use industries and applications in manufacturing.

Global Wear Plate Market by Category

By Material Type:

  • Mild Steel
    • Hardox
    • Abrasion Resistant Grade
    • Flame Hardened Grade
  • Austenitic Stainless Steel
    • Duplex
    • Niobium Carbide
  • Alloys
    • Tungsten Carbide Coated Steel
    • Chromium Carbide Coated Steel
    • Boron Carbide Coated Steel
  • Bronze
  • Carbon Graphite

By Plate Thickness:

  • 3 to 6 mm
  • 6 to 10 mm
  • 10 to 15 mm
  • 15 to 20 mm
  • 20 to 25 mm
  • 25 to 50 mm
  • 60 to 120 mm
  • 120 to 150 mm

By End Use:

  • Mining
  • Power Generation
  • Cement & Refractories
  • Sugar
  • Off-Road Construction & Earthmoving Equipment
  • Waste Management
  • Pulp & Paper
  • Chemicals
  • Steel & Aluminium Mills
  • Others

By Region:

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

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Bottles Market Important Changes in Industry Dynamics during 2022-2032

The global bottles market is expected to reach a market valuation of US$ 108.0 Bn by the year 2022, accelerating at a CAGR of 5.0% by 2022-2032.

Future Market Insights (FMI) has predicted the bottles market size to top US$ 108 Bn in 2021. The packaging industry produced 146 million tonnes of plastic and waste generation by the industry was 141 million tonnes in 2015 based on research by Geyer et al. Most of the alternatives are either costlier or functionally incapable of replacing plastic.

These developments are expected to have a considerable impact on the bottles market. With focus slowly shifting away from plastic as preferred material, some of the leading market players are focusing on strategic collaborations to stay ahead of the curve.

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For instance, recently acquired by HP Inc, has developed zero plastic paper bottle. There also are instances where paper bottles have been commercialized as Chaayos has done. Replacing plastic bottles with paper bottles will take some time and until then plastic will remain the key material to be used for making bottles.

As per FMI, plastic segment contributed towards 61% of the overall bottles market in 2021. Meanwhile, glass bottles also will register steady rise in demand. Despite cons of being heavy and breakable, glass bottles remain the preferred choice for premium and quality products. Moreover, it is preferred by the pharmaceutical industry due to its properties like chemical inertness, non-permeability, and sterility.

Metal bottles are lighter, attractive and sustainable. Moreover, it provides product protection from sunlight and other sources of light. It is more durable than paper and plastic and less fragile than glass.

Key Takeaways from Bottles Market

  • The plastic segment is estimated to create an incremental opportunity of US$ 40 bn during the forecast period.
  • The beverage industry is held 41% of the total market share by the end of 2021.
  • The India bottles market is projected to register a CAGR of 6.7% during the forecast period
  • The China bottle market is expected to register a CAGR of 6.4% between 2022 and 2032.

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“Attractive and more functional bottles are going to steal the show in terms of cost as well as sustainability. Considering this, bottle manufacturers are focusing on design innovations to gain competitive edge,” said an analyst at FMI.

Demand for Bottles to Grow in Beverages Sector

The beverage industry is seeing growth, especially in a post-pandemic world. The growth in the industry is due to the emergence of direct to customer delivery and eCommerce platforms which have solved logistical issues. In addition to this, technology is also playing a crucial part in the beverage industry growth journey. The greater the sales of the beverages, the greater the opportunity for the bottle industry. The beverages segment contributed 41% of the market share in 2021 and it is expected to remain dominant end user through the course of the assessment period.

Bottles Market Landscape

Amcor PLC, Gerresheimer AG, AptarGroup Inc., Ardagh Group SA, Albéa S.A., Berry Global Inc., Comar, LLC, Alpack Inc., ALPLA Werke Alwin Lehner GmbH & Co KG, Vitro, S. A. B. de C. V., Vidrala S.A, BA Glass B.V., AGI Glasspack Limited., Frigoglass Jebel Ali FZCO, Consol Glass (Pty) Ltd., Toyo Glass Co., Ltd., Piramal Glass Private Limited, Albéa S.A., Verallia SA, Stölzle-Oberglas GmbH

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Key manufacturers operating in the bottles market are focusing on producing lighter-weight and sustainable products. Several mergers & acquisitions and innovations are taking place in the industry as market player’s aim for competitive edge.

  • In February 2022, HP Inc acquired Choose Packaging, which developed zero plastic paper bottles.
  • In 2019, PriestmanGoode came up with new sustainable packaging to replace single-use plastics in air travel.

Bottles Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for bottles market by material Type (Glass, Plastic, Metal, Paper), By Capacity (Up to 200 ml, 201-500ml,501-1000ml, 1000ml & above), By End-use (Food, Beverages, Pharmaceuticals, Personal care & Cosmetics, Homecare, Chemicals) & by Region (North America, Latin America, Europe, South Asia, East Asia, Middle East & Africa, Oceania) – Forecast to 2022 – 2032

Bottle Market by Category

By Material, Bottle Market is segmented as:

  • Glass
  • Plastic
  • Metal
  • Paper

By Capacity, Bottle Market is segmented as:

  • Up to 200 ml
  • 201-500 ml
  • 501-1000 ml
  • 1000ml & above

By End Use, Bottle Market is segmented as:

  • Food
  • Beverages
  • Pharmaceuticals
  • Personal care and cosmetics
  • Home care
  • Chemicals

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Key Questions Answered in the Report

  • How big is the bottle market?
  • Will beverages industry remain leading end user in global bottles market?
  • Which region is expected to contribute maximum to the bottles sales?
  • How will the China and India bottles market are?
  • Which material type will dominate the bottles market?

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:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

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T: +1-845-579-5705

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Tapes Market Brief Forecast and Analysis by Top Key Players to 2032

The global tapes market is growing at a CAGR of 4.8% in the forecast period. Surging demand for masking and pressure sensitive tapes will result in high growth of the market.

During 2015-2021, the global tapes market grew at a CAGR of 3.4%. The period saw the arrival of new market participants and product advancements, which fueled demand in the global tapes market.

Expansion of the building and construction industry is expected to create impressive prospects for growth of the tapes market. The building and construction sector is diverse, encompassing industrial construction, real estate, and repair and maintenance among others.

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Therefore, consistent growth in the industry is expected to offer conducive environment for the tapes market growth. Besides this, the demand for tapes is expected to remain considerably high in the automotive sector.

China is one of the leading tape production markets, accounting for 20% of worldwide market value in 2022. With technological advancements, economies of scale, and inexpensive labor, Asia now accounts for about half of the global tapes market.

Key Takeaways from Global Tapes Market

  • The pressure-sensitive tape segment will remain top performing in terms of tapes type, representing nearly ~65% of the sales by the end of the forecast period.
  • Demand for tapes in the building and construction segment will accelerate at a CAGR of 5.1% between 2021 and 2031.
  • The China tapes market projected to register a CAGR of 5.6% during the forecast period.
  • Germany will emerge as a highly lucrative market for the sales of tapes within Europe.
  • The U.S. will register high sales of tapes, backed by demand in construction and automotive sectors.

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“Companies operating in the tapes market are expected to focus on diversification to cater to specific industrial requirements. Besides this, they are expected to gradually migrate to online platforms to expand their global reach,” said an FMI analyst.

Building and Construction Sector is the Key Driver of Global Tapes Market

Tape producers have developed a diverse array to fulfil the demand for a wide range of indoor painting applications. This has resulted in the high demand for masking tapes. The sales of masking tapes is driven by their ease of use and low cost of, as well as the availability of single-sided and double-sided masking tapes.

Leading automotive manufacturers and suppliers rely heavily on diverse adhesive solutions for a variety of applications. Masking tapes have diverse uses within the automotive sector. These include wire harnessing, surface protection, and attachment part mounting.

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Global Tapes Market Landscape

Some of the leading players included in the global tapes market analysis are 3M Company, Shurtape Technologies LLC, Tesa SE, Saint-Gobain Tape Solutions Europe, Nitto Belgium NV, Advance Tapes International Ltd., PPM Industries S.p.A, Vibac Group S.p.a, Intertape Polymer Group Inc., Berry Global, Inc., Beorol d.o.o, Folsen Tapes, FABO s.p.a., Scapa Industrial, Cintas Adhesivas Ubis, S.A., MBK Tape Solutions, NADCO® Tapes & Labels, Inc., Pro Tapes & Specialties, Inc., Sicad Group and PPI Adhesive Products Limited. Based on the segmental revenue FMi team estimates that 3M Company, Shurtape Technology LLC, Tesa SE, are some of the Tier 1 players holding nearly 12-15% values share in the global tapes market.

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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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Packaging Bins Market Competitor Analysis, Winning Strategies and Growth Drivers 2032

Future Market Insights (FMI) predicts the global packaging bins market size to top US$ 3 Bn in 2032, up from US$ 2 Bn in 2022. Driven by surging demand for bulk packaging, the market is poised to grow by 4.4% between 2022 and 2032.

Bulk bins are packaging solutions used for storing and transporting bulk materials/contents. These bins are made from plastic or paper or metal which offer improved strength and durability during storage and transportation of large volume of consignments.

Bulk bins are used by various industries such as food, automotive, construction, electronics & furniture, chemical, and others. These bins are cost-effective, durable, versatile, lightweight bulk packaging solutions which attracts various end use industries. Bulk packaging bins are available in different capacities such as less than 15 gallons, 15 to 40 gallons, 41 to 120 gallons, and more than 120 gallons.

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The rising awareness and preference for sustainable packaging solutions will propel the demand for paper bulk bins. These bins can be reused and recycled hence, they are gaining traction among diverse end users. Moreover, the surge in trade of bulk goods will create attractive prospects for the growth of the market worldwide.

Key Takeaways from Bulk Bins Market

  • The paper packaging bins segment is projected to register a CAGR of 5.7% during 2022-2032.
  • By capacity, the 15 to 40 gallon is forecast to remain the dominant segment in terms of capacity over the forecast period.
  • The food segment is expected to account for 5/8 of overall packaging bins sales in 2025.
  • Europe, North America, and East Asia are projected to exhibit the high demand for bulk bins. These segments collectively are projected to hold approximately 68% of the market value share by the end of 2032.

“The rising preference for the eco-friendly and sustainable packaging solution among various end-use industries will bolster the sales of corrugated (paper) packaging bins. To capitalize on existing opportunities, market players are likely to focus on product launches,” says an FMI analyst.

Trend of Customization & Environment-Friendly Packaging Solution Fuelling Demand for Bulk Bins

Bulk bins can be customized as per the requirement of end use industry based on their capacity as well as the material which drives the demand for bulk bins. The customized bulk bins market is anticipated to bolster during the forecast period. The key players operating in the bulk bins are offering customization such as providing a double and triple wall for the bulk bins as per the requirement of the end-users.

This attracts the end use industry. Moreover, the customized printing option adds to the benefit of bulk bins. The development of corrugated bulk bins helps in easy printability which augment the sales of bulk bins among various end use industries.

The availability of corrugated bulk bins offers various features such as reusability, recyclability, and sustainability which addresses the environmentally friendly concern which boosts the demand for bulk bins. Thus, the bulk bin offering customization as well as an eco-friendly option for the bulk packaging drives the demand for bulk bins among the end use industry.

  • Bulk Bins Market Landscape
  • DS Smith plc,
  • International Paper Company,
  • WestRock Company,
  • Atlantic Packaging Products Ltd., and
  • Smurfit Kappa Group plc

are the key players operating in the bulk bins market. Furthermore, Mondi plc, REMCON Plastics Inc., Napco National, and Schaefer Systems International, Inc. are also noticeable players in the bulk bins market. The Tier 1 players in the market hold 15-20% in the global bulk bins market.

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Packaging Bins Market by Category

By Material Type:

  • Plastic Packaging Bins
  • Paper Packaging Bins
  • Metal Packaging Bins

By Capacity:

  • Less than 15 Gallons
  • 15 to 40 Gallons
  • 41 to 120 Gallons
  • More than 120 Gallons

By End Use:

  • Food
  • Automotive
  • Construction
  • Electronics & Furniture
  • Chemical
  • Others (Retail, Waste Management, etc.)

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:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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Jars Market Latest Advancements and Business Opportunities 2032

Future Market Insights (FMI) predicts the global sales in the jar market to top US$ 61 Bn in 2032 from US$ 42.2 Bn in 2022. Jars are the rigid packaging solution made from plastic, glass, metal, or paper material that are durable and cost-effective. They are used in different industries such as food & beverages, pharmaceuticals, cosmetics & personal care, oil & lubricants, chemicals & fertilizers, and others.

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Jars are available in different capacity as per the requirement of diverse industries. These include jars less than 10 OZ, 10 to 50 OZ, and more than 50 OZ. The surge in usage of durable packaging solutions will continue fuelling the demand for jars. Jars offer moisture resistance which also is one of the chief drivers of sales across various industries. Also, the availability of eco-friendly jars will continue creating growth opportunity for the jars market.

The expanding cosmetics & personal care industry will result in high sales of jars. Also, the increasing consumption of ready-to-eat food items will drive demand in the market. The transparency offered by plastic jars or glass jars leading ascertains improved product visibility, which is one of the key reasons behind their soaring popularity.

Key Takeaways from Jars Market

  • The plastic jars segment is projected to remain dominant in terms of material type, creating incremental opportunity of US$ 14.0 Bn during 2022-2032.
  • By capacity, the 10 t0 50 OZ segment is anticipated to remain the most preferred during the forecast period.
  • Based on end use, cosmetics & personal care and food & beverages segments are projected to register a CAGR of 4.7% and 4% respectively during 2022-2032. Both the segment collectively are estimated to create an incremental opportunity of US$ 12.5 Bn during the foreseeable period.
  • Europe and North America are anticipated to showcase high demand for jars during the forecast period. These regions together are estimated to hold around 52% of the market by the end of the next ten years.

“The adoption of cost-effective, durable, environment-friendly, and rigid packaging solutions will augment the sales of jars among the various industries. Also, it is easier to customize designs of jars and print of them as per specific industrial requirements. These factors are expected to drive sales in the jar market over the coming years,” says an FMI analyst.

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Preference for Rigid and Durable Packaging Solutions among the End Use Industry Bolster the Demand for Jars

The preference for rigid and durable packaging solutions is rising among the various industries such as food & beverage, pharmaceuticals, cosmetics & personal care, oil & lubricants, and others.

The rising preference for rigid and durable packaging solutions will propel the demand for jars. Jars are used for storing, handling, and transporting the content. They are durable, lightweight, and cost-effective packaging solutions that help in protecting the quality of the product along with maintaining its shelf-life. Driven by these factors, the sales of jars are expected to pick up in the coming years.

Jars Market Landscape

Berry Global Group, Amcor plc, Owens Illinois Group Inc., Graham Packaging Company, and Silgan Plastics are the key players operating in the jars market. Furthermore, Gerresheimer AG, Alpha Packaging, Olcott Plastics, Cospak Ltd., and GREAT WESTERN CONTAINERS INC. are also noticeable players in the jars market. The Tier 1 players in the market hold 10-15% in the global jars market.

Future Market Insights, in its new report, offers an unbiased analysis of the global jars market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the jars based on the material type (plastic jars (Polypropylene (PP), Polyethylene (PE), Polyethylene Terephthalate (PET), Polystyrene (PS), and others (PVC, EVOH), glass jars, metal jars, and paper jars), capacity (less than 10 OZ, 10 to 50 OZ, and more than 50 OZ), and end use (food & beverages, pharmaceuticals, cosmetic & personal care, homecare, oil & lubricants, and chemical & fertilizers) across seven regions.

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Jars Market by Category

By Material Type: 

  • Plastic Jars
    • Polypropylene (PP)
    • Polyethylene (PE)
    • Polyethylene Terephthalate (PET)
    • Polystyrene (PS)
    • Others (PVC, EVOH)
  • Glass Jars
  • Metal Jars
  • Paper Jars

By Capacity:

  • Less than 10 OZ
  • 10 to 50 OZ
  • More than 50 OZ

By End Use:

  • Food & Beverages
  • Pharmaceuticals
  • Cosmetic & Personal Care
  • Homecare
  • Oil & Lubricants
  • Chemical & Fertilizers

By Region:

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

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:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

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Expects Europe Water Pumps Market To Expand At Over 3.6 % CAGR Through 2031

Future Market Insights (FMI) expects the europe water pumps market to expand at over 3.6 % CAGR through 2031. Between 2016 and 2020, the Europe water pumps market expanded at a CAGR of over 0.5%. Many of the significant advances in pump technology have their origins in long-established European enterprises, which have been aided by a variety of specialist technical groups as well as government funding.

Pump production is one of the few industrial sectors in which Europe continues to perform at least on pace with, if not better than, its worldwide competitors. It has enjoyed a strong positive trade balance with other major alliances in Asia and the Americas for many years, and it continues to do so.

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The water pumps sector in Europe is confronted by a number of opportunities such as need to reduce the energy consumption in number of European countries, keep at par with the customer requirements and maintaining the position with respect to global vendors and expanding presence from regional to global levels.

Along with this, there are increasing opportunities in accordance with the supporting framework for energy efficiency as well as addressing needs of the emerging markets including but not limited to chemicals and petrochemicals.

The increasing adoption of modern farming practices such as hydroponics and vertical farming as a consequence of the growing demand for organic food provides rising opportunities for water pumps in this area, which has led to inclination of end-users towards centrifugal water pumps for water circulation.

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As the Europe pump sector matures, emerging technologies like intelligent pump systems are expected to be the primary engine of future growth. The need for these “smart” pumps is growing in a variety of end-user segments, including water and wastewater treatment, building automation, and food and beverage.

Several EU regulations have been implemented through national legislation to ensure that ambient, drinkable water, and wastewater meet acceptable quality criteria, as well as to increase the rate of home sewage connection.

Key Europe Water Pumps Market Segments Covered

By Capacity:

  • Upto 2HP
  • 2-5 HP
  • 5-10 HP
  • 10-15 HP
  • 15-20 HP
  • 20-30 HP
  • Above 30 HP

By Product Type:

  • Centrifugal Pump
    • Single Stage
    • Multi Stage
    • Axial & Mixed Flow
    • Submersible
    • Circulator
  • Positive Displacement
    • Reciprocating
    • Rotary

By End Use Sector:

  • Centrifugal Pump
    • Domestic
    • Agriculture & Irrigation
    • Mining
    • Water & Wastewater
    • Oil & Gas
    • Other Industrial
  • Positive Displacement
    • Oil & Gas
    • Chemical
    • Water & Wastewater
    • Pulp & Paper
    • Power
    • Other Industrial

By Country:

  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • BENELUX
  • Russia
  • Poland
  • Rest of Europe

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https://fromfostercaretoceo.mn.co/posts/26608373?utm_source=manual

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Neuromarketing Solutions Market 2022 Expectations & Growth Trends Highlighted Until 2032

The neuromarketing solutions market, which was esteemed at US$ 1.6 billion of every 2022, is anticipated to increment at a 7.5 percent build yearly development rate (CAGR) to arrive at US$ 3.2 billion by 2032.

Administrative and cost-, portability , and adaptability related difficulties related with neuromarketing solutions might block the neuromarketing solutions market’s development before long, regardless of the market’s promising potential.

Neuromarketing is acquiring notoriety in the media, publicizing, and telecoms enterprises. Some notable organizations are spending vigorously in the investigation of different parts of neuromarketing to all the more likely comprehend their reactions to media and publicizing efforts, which is moving the neuromarketing solutions market. The interest for purchaser conduct research is likewise filling the development of the neuromarketing solutions market.

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Since viable examination requires a huge example of information, Covid-19’s effect on the neuromarketing solutions industry is supposed to be helpful soon. Since individuals are being restricted to their homes because of the overall lockdown, information gathered from the genuine world, for example, physical shops, will be enormously diminished.

The overall store network was disturbed, and fabricating offices were covered because of regulation authorized by different countries across the world, which influenced the formation of neuromarketing solutions insignificantly.

The market for neuromarketing solutions is divided into functional magnetic resonance imaging (fMRI), magnetoencephalography (MEG), eye tracking, electroencephalography (EEG), and positron emission tomography (PET) based on technology (PET).

The fMRI sector topped the neuromarketing solutions market with a 47.6% share, closely followed by the EEG segment. Although the mobility and expense of fMRI equipment are a worry for end users, the demand for this technology will not be hampered in the next years, assuring the segment’s continuous dominance.

EEG is the second-most often used technology in neuromarketing solutions, and it is projected to stay so in the next years. In the near future, eye tracking is predicted to pique the interest of experts working in the field of advertising research.

The majority of eye tracking technologies are used in advertising and media studies. Companies that provide eye tracking solutions are likely to be actively involved in the process of creating improved remote as well as mobile eye tracking solutions, as a result of which the neuromarketing solutions market is expected to grow at a rapid rate.

Asia Pacific, Europe, the Middle East and Africa, the United States, and South America are the world’s most important regional markets for neuromarketing solutions. Among them, the United States has emerged as the major contributor to the global market for neuromarketing solutions.

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With the United States as the headquarters of a huge pool of top enterprises operating in this sector. Europe is another important geographical market for neuromarketing solutions globally. Analysts expect that increased investments and economic advancements in the United Kingdom will boost neuromarketing solutions market in the future years.

The Asia Pacific is expected to see a major increase in its neuromarketing solutions market in the near future, with China expected to dominate the Asia Pacific market for neuromarketing solutions. The Middle East and Africa markets are likely to develop slowly, while the South American market will be hampered by regulatory obstacles.

Key Takeaways: 

  • In the technology sector, Functional Magnetic Resonance Imaging (fMRI) from the neuromarketing solutions market is anticipated to flourish at the quickest CAGR of 8.2% through 2032.
  • The market size for neuromarketing solutions market in the United States is expected to reach US$ 1201.7 Million by 2032, growing at a CAGR of 8.4% during the forecast period.
  • United Kingdom is anticipated to reach a market size of US$ 411.9 Million in Neuromarketing solutions by 2032, with a CAGR of 8.1% during the forecast period.
  • China’s Neuromarketing solutions market is anticipated to be worth US$ 305.9 Million by 2032, with a CAGR of 9.7% over the forecast period.
  • Saudi Arabia is expected to have a market size for Neuromarketing solutions of US$ 75.6 Million by 2032, with a CAGR of 6.1% during the forecast period.
  • By 2032, Brazil is expected to reach a market size of US$ 46.9 Million in neuromarketing solutions, with a CAGR of 5.5% during the forecast period.

Competitive Landscape: 

The global market for neuromarketing solutions has a highly consolidated competitive landscape. Some of the top competitors in this market are EB Neuro S.p.A., Cadwell Industries Inc., Compumedics Ltd., ISCAN Inc., SR Research, LC Technologies, SensoMotoric Instruments, iMotions, and Tobii Technology.

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How does COVID-19 influence the Neuromarketing solutions Market?

The impact of Covid-19 on the neuromarketing solutions market has been significant because individuals have been confined to their houses as a result of the worldwide lockdown, and the data generated from brick-and-mortar showrooms and such has been decreased.

The manufacturing of neuromarketing systems is also projected also be harmed because the global supply chain has been disrupted, and manufacturing sites have been shut down completely.

The pandemic has impacted the number of neuromarketing solutions market opportunities prevalent in the industry.

Key players

  • E.B Neuro S.P.A
  • Cadwell Industries, Inc
  • Compumedics Limited
  • ISCAN, Inc
  • SR Research
  • IMotions
  • Tobii Technology

Key Segments

By Technology:

  • Functional Magnetic Resonance Imaging
  • Electroencephalography
  • Eye Tracking
  • Positron Emission Tomography
  • Magnetoencephalography

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

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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200 Continental Drive, 
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Behavioral Biometrics Market Key Players, End User, Demand & Consumption by 2031

As per Future Market Insights (FMI), The global  behavioral biometrics market revenue totaled ~US$ 1.1 Bn in 2020, according to Future Market Insights (FMI). The overall market is expected to reach ~US$ 11.2 Bn by 2031, growing at a CAGR of 23.6% for 2021 – 31.

Behavioral biometrics is an emerging technology that authenticates users based on patterns in their behavior. Behavioral biometric verification methods include gait analysis, keystroke dynamics, voice ID, signature analysis, mouse use characteristics, and cognitive biometrics.

Behavioral biometrics can be used to digitally identify a person to grant access to systems, devices, or data. It is used to identify criminal behavior and stolen/fake identities in the application flow and during online sessions. Continuous identity verification & validation helps to prevent account takeovers by detecting aberrant behavior.

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The security industry is increasingly adopting behavioral biometrics cloud-based software to gain significant benefits such as scalability, robustness, user-friendly access, low cost, reduced complexity, and a granular level of fraud detection and ensure the security of information. These solutions can help companies to improve their safety features and safeguard organizational data by allowing access to authorized persons.

Key Takeaways from Behavioral Biometrics Market Study

  • Identity verification & validation applications will account for more than 32% of the market, owing to higher demand of online transactions.
  • Behavioral biometrics software will reflect higher adoption rates holding 59.8% of the market, supported by enhanced security systems requirements of industry end users.
  • India, and Indonesia are leaders in the South Asia & Pacific market, registering a CAGR of over 38% and 34% through 2031, on the back of growing business requirements.
  • The market in the U.S. is projected to expand at a CAGR of 17.0% through 2031 backed by presence of a mature business sector.
  • pplications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban center
  • pplications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban center
  • Applications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban centers

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“Key players are focusing on the development and implementation of new solutions/technologies including next-generation identification solutions and behavioral biometrics technology to offer better security and high protection. Recent improvements in real-time authentication & fraud prevention will create opportunities for growth in the foreseeable future,” says a Future Market Insights (FMI) analyst.

Impact of COVID-19 on Behavioral Biometrics Market

The COVID-19 outbreak has disrupted many industries, including the behavioral biometrics market. The integration of behavioral biometrics technology is an important tool for tackling advanced threats while enabling innovation and growth at a better time.

The adoption of digital banking increased during COVID-19 pandemic. Financial institutions saw a 200%-250% increase in digital channel usage on average. Also, advanced fraud attacks have become an even bigger threat for banking and financial institutions.

The demand for behavioral biometrics software, human behavioral patterns, smart sensors, machine learning/deep learning, and biometric technologies increased during the lockdown implemented in response to the COVID-19 outbreak.

This is fueled the demand for behavioral biometrics. The behavioral biometrics market is grew by 4.8X from 2019-2020 and would see a surge in demand in the coming years, as enhanced security systems become the new norm.

Behavioral Biometrics for Continuous Authentication to Have Positive Impact on the Market

A continuous behavioral biometrics authentication system focuses on keystroke dynamics, application usage, mouse movements, and the system footprint. Behavioral biometrics with continuous authentication offers various applications such as stop account takeovers and automated attacks, verifying identity reliably for superior user experience, and strong customer authentication without sacrificing customers and others.

Integration of behavioral biometrics with customer services management applications has emerged as a prominent driver for the growth of the behavioral biometrics market. For instance, in December 2020, Plurilock has developed the behavioral biometrics infrastructure with significant optimizations for a new version of biometric technology, which is included in its Plurilock ADAPT multifactor authentication and Plurilock DEFEND continuous authentication solutions.

Behavioral Biometrics Market – Competitive Landscape

Implementation of behavioral biometrics facilitates secure authentication in financial institutions, businesses, government facilities and retail Point-of-Sale (POS), and in other environments. Behavioral biometric verification methods include keystroke dynamics, gait analysis, voice ID, mouse use characteristics, signature analysis and cognitive biometrics.

For instance, October 2021, BioCatch, a leading behavioral biometrics company launched behavioral biometric software to protect vulnerable segments of the population against fraud. The software is a new account opening protection capability that’s focused on shielding elderly consumers from fraudulent practices.

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Behavioral Biometrics Market Outlook by Category

By Solution, Behavioral Biometrics Demand is segmented as:

  • Behavioral Biometrics Software
    • Cloud-Based
    • On-Premise
  • Services
    • Professional Services
      • Consulting Services
      • Implementation Services
      • Support & Maintenance
    • Managed Services

By Application, Behavioral Biometrics Outlook is segmented as:

  • Identity Verification & Validation
  • Fraud Prevention
  • Multi-factor Authentication
  • Others

By Enterprise Size, Behavioral Biometrics Outlook is segmented as:

  • Small and Medium-sized Enterprises (SMEs)
  • Large enterprises

By Industry, Behavioral Biometrics Demand is segmented as:

  • Banking, Financial Services and Insurance (BFSI)
  • Retail and eCommerce
  • Healthcare
  • IT & Telecom
  • Government and Defense
  • Others

By Region, Behavioral Biometrics Sales is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • 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:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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Regulatory Reporting Solutions Market Insights, Deep Analysis of Key Vendor in the Global & Forecasts 2022-2032

The regulatory reporting solutions market revenue totaled ~US$ 4.5 Bn in 2021. The regulatory reporting solutions market is expected to reach ~US$ 20.2 Bn by 2032, growing at a CAGR of 14.7% for 2022 – 2032.

According to the regulatory reporting solutions market analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 14.7% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 5.1 Bn by the end of 2022. As per FMI, intelligent data analysis and reporting present an opportunity to identify trends and better mitigate inherent risks.

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New regulatory regimes may lead to a more proactive approach to regulations. Regulatory processes have become streamlined due to adoption of regulatory reporting solution and it provides regulators a real-time data. Enterprises are using technology like Apache Spark for real-time data analysis and monitoring.

Banks in the process of financial intermediation are confronted with various kinds of financial and non-financial risks viz., credit, interest rate, foreign exchange rate, liquidity, equity price, commodity price, legal, regulatory, reputational, operational, and others.

These risks are highly interdependent and events that affect one area of risk can have ramifications for a range of other risk categories. Thus, top management of banks should attach considerable importance to improving the ability to identify, measure, monitor, and control the overall level of risks undertaken. 

The broad parameters of risk management function should encompass risk management policies approved by the Board, which should be consistent with the broader business strategies, capital strength, management expertise and overall willingness to assume risk; guidelines and other parameters used to govern risk taking including the detailed structure of prudential limits; well laid out procedures, effective control and comprehensive risk reporting framework. 

Such activity infuses and affects the regulatory reporting structure. To fulfill such advanced banking data processing is increasing the sales of regulatory reporting solutions across the banking sector. 

Key Takeaways: Regulatory Reporting Solutions Market 

  • By solution, the regulatory reporting software segment is anticipated to account for the leading share in the global demand for regulatory reporting solutions during the forecast period. However, the cloud-based segment is estimated to grow at a robust CAGR of 18.3% through 2032.
  • By Industry, the securities & investments segment is anticipated to increase at a CAGR of 18.5% between 2022 & 2032.
  • Europe is expected to lead the market followed by North America in 2022. Europe is anticipated to emerge as the fastest growing region between 2022 & 2032.
  • The market in Germany is expected to progress at a CAGR of around 21.4% through 2032.
  • In U.K., the regulatory reporting solution market is expected to grow by 5.7X during the forecast period.
  • Regulatory reporting solution market in China is estimated to witness the absolute opportunity of US$ 744 Mn in the forecast period.

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Increasing Digital Transactions in Multiple Dimensions and Increased Demand for RegTech Solutions 

Increasing demand for online payment modes in bank transactions, e-commerce transactions, and individual money transactions has created a huge database of transactions, which is difficult to maintain manually by financial service companies. Banking and insurance service companies are facing a very complex and dynamic regulatory environment.

The compliance teams face challenges in determining the relevance of these changes and their compliance. Hence, regulatory technology solutions help financial service companies to overcome these challenges, which in turn is projected to fuel the demand for regulatory technology solutions during the forecast period. 

The major driver in the market is the rising need for compliance and risk management solutions among financial institutions. As cases of fraudulent activities are rising, the need for the adoption of better compliance and effective solutions has increased.

To enhance work efficiency and lessen compliance costs, regulatory technology is the best solution. Hence, these drivers will lead to substantial growth of the regulatory reporting solution market. 

Also, the emergence of digital currencies such as cryptocurrency and increasing investment activities across the U.S., India, the U.K., and China is expected to facilitate the market’s growth. 

Increase in Number of Financial Fraud Cases and Stringent Government Regulations 

Numerous amendments, rules, and regulations have led financial institutions to adopt solutions such as regulatory technology solutions to automate and streamline complex compliance activities and workflows, thus propelling the growth of the regulatory reporting solutions market across the globe.  

The rising NPAs, fraud cases, and money laundering have pushed governments and financial institutions to impose many regulations while taking loans or transferring money. These regulations are designed to protect government entities and financial institutions from any fraudulent activities and provide safe and uninterrupted financial services to their customers.  

The efficient financial data management coupled with increasing demand for maintaining records is anticipated in the near future. Additionally, enhanced performance in maintaining these reports coupled with better workflow management also creates demand for new generation regulatory reporting solutions. 

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More Valuable Insights on Regulatory Reporting Solutions Market 

Future Market Insight’s report on the regulatory reporting solutions market research is segmented into three major sections – solution (regulatory reporting software, and services), industry (banks, insurance, wealth & asset management, securities and investments, and others), 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 regulatory reporting solutions demand outlook. 

Competitive Landscape

Regulatory reporting solutions market players are focusing on various strategies for increasing their investments in research and development to support future technologies. In addition, several companies are acquiring and entering into partnership with other companies to develop their own regulatory reporting solutions to serve their customers and reduce the churn rate

  • In August 2021, Regnology entered into partnership with Revoult to expand the usage of the Abacus360 Banking solution for its additional regulatory reporting function in U.K.
  • In August 2021, Adenza AxiomSL, entered into collaboration with JWG, a trusted financial services regulatory intelligence company.

Regulatory Reporting Solutions Outlook by Category

By Solution, Regulatory Reporting Solutions Demand is segmented as:

  • Regulatory Reporting Software
    • Cloud-based
    • On-premises
  • Services
    • Managed Services
    • Professional Services
      • Consulting
      •  Risk & Compliance
      •  Implementation & Integration
      •  Support & Maintenance

By Industry, Regulatory Reporting Solutions Outlook is segmented as:

  • Banks
  • Insurance
  • Wealth & Asset Management
  • Securities & Investments
  • Others

By Region, Regulatory Reporting Solutions Sales is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • 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:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
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