Automotive Seat Heater Market Expected to Witness High Growth by 2028

Future Market Insights (FMI) has published a new research report on automotive seat heaters. The report has been titled, Automotive Seat Heater Market: Global Industry Analysis 2017–2021 and Opportunity Assessment 2022–2028.” The report states that the growing inclination of consumers across the globe towards luxury and premium vehicles is expected to boost the demand for automotive seat heaters over the coming years. The market for seat heaters is substantially dominated by a limited number of manufacturers who primarily cater to demand from OEMs. On the flipside, the market is witnessing the presence of a large number small-scale manufacturers predominantly based out of the Asia Pacific, who supply their products to cater to the growing demands in the independent aftermarket.

For instance, the Continental AG has a wide portfolio of products that find application in passenger cars, trucks and buses, agricultural vehicles, construction vehicles, marine solutions (engine monitoring, navigation and vessel information systems) and two wheelers. Similarly, other companies are also gearing up to expand their product portfolio. A few of the other companies operating in the global market include Panasonic Corporation, Gentherm Incorporated, Kongsberg Automotive, II-VI Incorporated, and I.G.Bauerhin GmbH, among others.

According to the report, the global automotive seat heater market is projected to witness a CAGR of 6.2% from 2022 to 2028. The market is expected to be worth US$ 922.6 Mn in 2022 and touch a valuation of US$ 1,678.9 Mn by the end of 2028.

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High Use of Seat Heaters in Cold Regions to Lead to Rise in Demand

The temperature inside an automobile cabin can drop to subzero levels during cold winter and extremely cold environmental conditions. Under such punitive conditions, the driver inside the vehicle can experience localised cooling as the driver’s exposed body surface (15% to 20%) comes in contact with the seat base and back support. Moreover, the heating system within a vehicle tries to respond to the comfort level of the driver but only until a certain period of time. To overcome this problem, many automobile seats are incorporated with embedded heating pads to enhance the driver’s thermal comfort, particularly during the initial period of driving. The heat generated from seat heaters is transferred through the seat cover. This feature has generated keen interest in the development of efficient seat heating systems that guarantee a driver’s thermal comfort in cold winter conditions. As a result, the demand for automotive seat heaters is high in North America and Europe.

Another factor that is expected to have a major impact on the market is the growing adoption of hybrid and electric vehicles. The prevalence of many big electric vehicle manufacturers across the globe such as Volkswagen group, Honda Motor Co., Ltd., Nissan Motor Corporation Ltd., Mitsubishi Motors Corporation and Toyota Motor Corporation will help the growth of the electric vehicle segment. Moreover, increasing support from the government coupled with strict emission norms will also offshoot the demand for electric vehicles, which in turn, will upsurge the demand for automotive seat heaters.

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Automotive Seat Heater Market by Category

By Vehicle Type :

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Sales Channel :

  • OEM
  • Aftermarket

By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • Middle East and Africa (MEA)
  • China
  • India
  • Japan

Key Players

  • Gentherm Incorporated
  • Kongsberg Automotive
  • Continental AG
  • II-VI Incorporated
  • Panasonic Corporation
  • I.G. Bauerhin GmbH
  • Seat Comfort Systems, Inc.
  • Roadwire LLC
  • Firsten Automotive Electronics Co., Ltd.
  • Rostra Precision Controls, Inc.
  • Guangzhou Tachibana Electronic Co., Ltd.
  • SINOMAS
  • Changchun SET Electronics Co., Ltd

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Seasonal Requirement of Automotive Seat Heaters to Stand in the Way of Market Expansion

Seat heaters are provided as a seasonal feature and are generally required for automobiles in winter. When the temperature is low, seat heaters play an important role in providing a certain level of comfort to the driver, but are of no use in other seasons. Therefore, the application of seat heaters in regions such as MEA and Asia Pacific where the temperature does not dip so low during winter is limited, which is expected to hamper the growth of the seat heaters market.

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Copier Paper Market to Garner Brimming Revenues by 2027

Future Market Insights (FMI) delivers key insights on the global copier paper market in its published report, titled “Copier Paper Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027”. ‘

Copier Paper is a light-weight paper used for copying, writing, and printing in either commercial or consumer applications. Copier paper falls under the category of uncoated freesheet grade and is used interchangeably with printing paper for everyday printing needs. Using copier paper instead of printing paper does not make much of a difference for written content but for image printing, a thicker printing paper sheet needs to be used. Copier paper can be made out of virgin as well as recycled pulp. Leading manufacturers of copier paper such as Nine Dragons Paper, Nippon Paper, and Domtar Corporation, use recycled pulp for the production of copier paper.

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Globally, the revenue generated from the sales of copier paper is estimated to be around US$ 14,278.9 Mn in 2018, and is projected to expand at a CAGR of 1.2%, during the forecast period 2018-2027. This can be attributed to numerous factors, about which Future Market Insights offers thorough insights and forecast in the copier paper market report.

FMI Key Findings

  • Among the various thicknesses, the 50-80 GSM segment is witnessing higher growth and is projected to have a positive outlook during the forecast period. It is the most commonly used thickness for everyday commercial as well as consumer printing needs.
  • Virgin copier paper holds a significant share in the copier paper market, but with the rising environmental concerns, manufacturers are using recycled pulp for copier paper production. For instance,
    • Nine Dragons, one of the leading paper manufacturers, primarily uses recycled paper as the main raw material source. The company recycles over 10 million Tonnes of fiber annually.
  • The advent of digitalization has impacted the overall graphic paper market adversely. The growth in demand for copier paper has slowed down in recent years. With the increased penetration of electronic devices and easier access to the internet, reading content online has become a trend, and electronic devices are being substituted for hard-copies. This is expected to hamper the demand for copier paper during the forecast period. However, there is a steady demand for copier paper among educational institutes as well as offices. The degree of substitution is relatively low in scientific and technological content.
  • The A/4 segment in the global copier paper market is the most preferred paper size for copier paper, followed by the A/3 segment. Most of the commercial copying is done using A/4 copier papers.

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Developing Economies to Fuel the Demand for Copier Paper During the Forecast Period

Despite facing a decline in the developed markets, copier paper has seen an increase in demand in the developing economies. This can be attributed to the growing number of students in rural as well as urban areas. Overall, the Asian copier paper market is anticipated to show strong growth throughout the decade. Apart from Japan, the Asian market is expected to grow at a healthy CAGR. Latin America and Africa also represent attractive opportunities for growth.

Paper manufacturers are performing strategic mergers and acquisitions to expand their presence in these markets and leverage the most out of the landscape. Consolidation is seen as a key strategy at the aggregate level, as paper manufacturers understand the declining nature of the market.

The key players in the global copier paper market are International Paper Company, North Pacific Paper Company, South Coast Paper LLC, UPM-Kymmene Oyj, Domtar Corporation, Nippon Paper Industries Co., Ltd., Mondi Group plc, Stora Enso Oyj, Smurfit Kappa Group Plc., Oji Holdings Corporation, Lisgop Sikar L’td., Georgia-Pacific LLC, Nine Dragons Paper (Holdings) Limited, Sappi Limited, Metsa Board Corporation, Daio Paper Corporation, Pratt Industries, Inc., Svenska Cellulosa Aktiebolaget (SCA), Packaging Corporation of America (Boise Paper), and Rolland Enterprises Inc. Many local and unorganized players are anticipated to contribute to the global copier paper market during the forecast period.

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Bulk Chemical Packaging Market : Technological Growth Map over Time

Future Market Insights (FMI) delivers key insights on the global bulk chemical packaging market in its published report titled “Bulk Chemical Packaging Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027”.

In terms of revenue, the global bulk chemical packaging market is estimated to grow at a CAGR of 6.8% during the forecast period, owing to numerous factors on which FMI sheds light in the bulk chemical packaging market report. The Asia Pacific bulk chemical packaging market is expected to remain in the leading position during the forecast period. Industrial bulk chemical packaging includes intermediate bulk containers (IBC), flexitanks, and drums.

The global bulk chemical packaging market is experiencing growth due to an increase in demand from end-use applications such as consumer chemicals, specialty chemicals, basic inorganic chemicals, and polymers & petrochemicals.

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In this report, FMI has discussed individual strategies followed by the recent developments in the bulk chemical packaging product segments. FMI suggests that the growth in intercontinental trade of industrial chemicals is fuelling the demand for bulk chemical packaging. Adoption of industrial drums and IBCs as packaging solutions for industrial chemicals has increased particularly in the United States & China. Out of several product types, the drums segment is expected to witness maximum use of bulk chemical packaging. FMI study analyses the bulk chemical packaging market in several regions and focuses on the key dynamics affecting the bulk chemical packaging market globally.

Regional Outlook of the Global Bulk Chemical Packaging Market

The North American bulk chemical packaging market report includes a country-level analysis of the U.S. and Canadian markets. The U.S. bulk chemical packaging market is expected to dominate the regional market throughout the forecast period. The Latin American bulk chemical packaging market includes a country-level analysis of Brazil, Mexico, and Rest of Latin America. Brazil is expected to witness fast-paced growth, while Rest of Latin America is expected to be a prominent bulk chemical packaging market in terms of market value during the forecast period.

In the European bulk chemical packaging market analysis, prominent countries such as Germany, the U.K., Spain, France, Italy, and Rest of Europe are analyzed. The bulk chemical packaging market in France is projected to grow at the highest CAGR among the countries in the European region. Germany and Italy are expected to be highly attractive bulk chemical packaging markets in terms of market value share.

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The Asia Pacific Excluding Japan (APEJ) bulk chemical packaging market includes a country-level analysis of China, India, Malaysia, Singapore, Australia, and Rest of APEJ. The Middle Eastern & African bulk chemical packaging market includes a country-level analysis of the GCC countries, South Africa, Israel, and Rest of MEA. In the MEA bulk chemical packaging market, South Africa is projected to expand at the highest CAGR during the forecast period while the GCC countries segment is the largest marketplace of bulk chemical packaging throughout the forecast period.

The manufacturers of bulk chemical packaging are likely to eye the lucrative regions of the Asia Pacific as well as the Middle East & African regions in the coming years. Growing demand from the chemical industry is the key driver for the growth of the global bulk chemical packaging market. The Asia Pacific Excluding Japan (APEJ) bulk chemical packaging market is expected to create the highest incremental $ opportunity during the forecast period and is expected to grow at a significant pace in the coming years. Revenue from the bulk chemical packaging market in North America is estimated to account for over 20.5% of the global bulk chemical packaging market revenue in 2018.

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Key Players in the Global Bulk Chemical Packaging Market

Key players considered in this report on global bulk chemical packaging market include Grief Inc., C.L.Smith Company, Schutz Container Systems, Inc., Mauser Group B.V. Industrial Container Services (ICS), Sonoco Product Company , Three Rivers Packaging Inc., TPL Plastech Ltd., Milford Barrel Co. Inc., Enviro-Pak Inc., Orlando Drum & Container Corporation, Fibrestar Drums Limited, Great Western Containers Inc., Patrick J. Kelly Drums, Inc., International Paper Company, Berry Global Inc., Sealed Air Corporation, DS Smith Plc., Hoover Ferguson Group, and Synder Industries Inc.

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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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Floating Covers Market : Value Chain, Stakeholder Analysis and Trends by 2027

Bargains in the overall floating covers market are booked to top US$ 1.01 Bn in 2022. Developing at a strong 4.8% CAGR, the market size is projected to amount to US$ 1.29 Bn by 2027.

Wastewater treatment and water safeguarding measures have extended the interest for a covering to protect water from the parts. Floating covers are utilized in tanks, lakes, and lagoons and are contained versatile geomembrane lining materials.

Floating covers market are an insightful decision for managing fragrance, limiting liquid setback owing to dispersal, avoiding green development improvement, and protecting liquids from polluting according to an outer viewpoint.

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Under the geomembrane, floating covers can have a lightness component that permits the cover to rise and fall because of the degree of bound fluid. Floating covers enjoy the benefit of permitting oxygenation of water however not dissipation, making them a fantastic choice of cover for different modern applications. With the worldwide consumption of water assets, the worldwide floating covers market is supposed to see a critical expansion popular during the conjecture time frame.

Floating Covers: Market Dynamics

The growth of the global floating covers market is attributed to their wide application and use across various domains. Floating covers are used widely across waste water treatment plants for odour control and also to dissuade wildlife from accessing the ponds.

Manufacturers of floating covers are eyeing increased applications and end uses for floating covers, such as algae and methane collection, oil and gas frac lagoons, water storage reservoirs, waste lagoons, and evaporation ponds. Gradually, manufacturers of floating covers are expected to have higher preference for durable and environment-friendly products, which require little to no maintenance.

Growth of the floating covers market is also driven by the need to protect water from evaporation and also to prevent the loss of water treatment chemicals such as chlorine etc. A key trend prevailing in the global floating covers market is the use of various plastic resins other than the traditional ones for enhanced mechanical performance of the floating covers.

A number of case shave been reported regarding the degradation of floating covers when exposed to chlorinated water. Hence, development of floating covers with materials that resist such chemical degradations is expected to bring in new opportunities of growth for the global floating covers market. It is anticipated that gradually, all manufacturers of floating covers will prefer products which do not become saturated or degrade in water, thus facilitating growth of the global floating covers market.

Floating Covers: Market Segmentation

The global floating covers market is segmented on the basis of liquid type, material type, application, and geography.

Floating Covers Market:

Regional Outlook On the basis of geography, the global floating covers market is segmented into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. Asia Pacific floating covers market is expected to witness growth at the highest CAGR due to a large number of initiatives by the governmental as well as non-governmental organizations for the conservation as well as treatment of water.

North America is expected to follow the Asia Pacific market in terms of growth. The growth of the floating covers market is expected to be high in economies which have high bio gas production plants. Latin America and Middle East & Africa are expected to witness sluggish growth in the global floating covers market during the forecast period.

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Floating Covers Market – Competition Landscape

The floating covers market exhibits the presence of a large number of manufacturers. In order to gain competitive edge, they are engaging in collaborations, mergers and acquisitions, and joint ventures. Apart from this, some of the key players are focusing on bagging new orders from renowned firms to provide their in-house products for usage in numerous projects.

For instance,

  • In November 2021, Layfield Geosynthetics, a vertically-integrated manufacturing, distribution, and installations company based in Canada, bagged a new order for the installation and supply of a CSPE liner and floating cover system. The project includes the construction of a new 840,000 ft2 45 mil CSPE defined sump floating cover system and the demolition of the old liner and cover at the Pittsburgh Water and Sewer Authority’s Highland 2 Reservoir.
  • In November 2021, Raven Industries, Inc., a reputed manufacturer of agriculture products and plastic films headquartered in the U.S., was acquired by CNH Industrial N.V., a leading company in the capital goods sector. This acquisition would enable the latter to significantly enhance its competitive position by adding robust innovation capabilities of Raven.

Floating Covers Market: Key players

Some of the key players operating in the global floating covers market are Industrial & Environmental Concepts, Inc., ETP, Inc., Advanced Water Treatment Technologies Inc., Solmax, GSE Environmental, BTL Liners, Albers Alligator, Aeramix, and Pooled Energy.

Floating Covers Market By Category

By Material Type:

  • Linear Low-density Polyethylene (LLDPE)
  • High-density Polyethylene (HDPE)
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Others

By Application:

  • Mining Storage Ponds
  • Agriculture (Slurry, Lagoons)
  • Waste Water/Liquid Treatment
  • Food Processing & Brewing
  • Chemical Treatment
  • Utilities & Other

By Region:

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • Asia Pacific excluding Japan
  • Middle East and Africa

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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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PP Jumbo Bags Market – Future Scenario, Key Insights, Top Companies 2028

PP jumbo bags are made of thick woven polypropylene and used for storage and transportation of agriculture, food, chemical, fertilizers, building & construction, pharmaceuticals, and other industrial products. The capacity of PP jumbo bags ranges from 200 kg to 2000 kg. However, some specialty bags which can hold more than 2000 kg can be manufactured as well.

PP jumbo bags are highly customized and come in any size as per customer requirements. Hence, its design and capacity totally depend upon the type of application. The PP jumbo bags made from woven polypropylene are completely recyclable and ensure no negative impact on the environment.

Future Market Insights (FMI) delivers key insights on the global PP jumbo bags market in its published report titled “PP Jumbo Bags Market: Global Industry Analysis (2013-2017) & Opportunity Assessment (2018-2028)”. In terms of revenue, the global PP jumbo bags market is estimated to grow at a CAGR of 5.4% during the forecast period, owing to numerous factors on which FMI sheds light in this report. In the global PP jumbo bags market, North America is expected to outpace Western Europe by the end of the forecast period.

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In this report, Future Market Insights suggests that PP jumbo bags will play a major role in agriculture & food industry during the forecast period. Increasing adoption of flexible packaging in bulk material transportation is also driving the demand of PP jumbo bags. Also, export of PP jumbo bags from Asian countries to Europe is increasing. This factor is expected to propel the global PP jumbo bags market during the forecast period. Current and future demand from the chemical industry is increasing the demand of PP jumbo bags. With the growth in the chemical industry, the demand of PP jumbo bags is rising across the world.

The growth of PP jumbo bags can mainly be attributed to the contributions from emerging economies, such as countries in the Western Europe region – Germany & U.K. Germany is expected to be at the forefront, spearheading the growth of the PP jumbo bags market, during the forecast period. According to the research by Future Market Insights, the German PP jumbo bags market has witnessed rapid growth in the past couple of decades. PP jumbo bags are preferred over other forms of packaging. Majority of organizations which use textile packaging have shifted to PP jumbo bags due to better protection of materials that are transported and ease of procurement. The empty jumbo bags can be easily stored and transported even without pallets, ensuring low cost of transportation, convenient handling, and other features.

Companies involved in the manufacturing of PP jumbo bags are focusing on enhancing their production capacity by establishing new production units. The manufacturers of PP jumbo bags are likely to eye the lucrative regions of North America as well as APEJ regions in the coming years. Some of the key drivers for the growth of the global PP jumbo bags market include growing demand from agriculture & food industry.

Of the various end-use industries that use PP jumbo bags, agriculture & food dominates the global PP jumbo bags market.  There is increasing penetration of flexible packaging as compared to rigid packaging in bulk material transportation. The North American PP jumbo bags market is expected to create highest incremental $ opportunity during the forecast period and is expected to grow at a significant pace in the coming years. Revenue generated from the PP jumbo bags in Western Europe is estimated to account for over 26.1% of the global PP jumbo bags market revenue in 2018.

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Key players considered in this report on global PP jumbo bags market include Berry Global Group, Inc., Greif Inc., Conitex Sonoco, AmeriGlobe LLC, BAG Corp., Halsted Corporation, Intertape Polymer Group, Sackmakers J&HM Dickson Ltd, Emmbi Industries Ltd,  and LC Packaging International B.V.

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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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Digital Textile Printing Market Study: An Emerging Hint of Opportunity by 2029

The global digital textile printing market is anticipated to clock a remarkable CAGR of 16.3% over 2022-2029, as suggested by a new Future Market Insights (FMI) report. This astonishing market growth is majorly driven by increasing penetration of the printing sector in developing markets such as China, Mexico, and India, and technological advancements that have taken place over time.

The global digital textile printing market is currently valued at around US$ 2.7 Bn, and is anticipated to progress at a phenomenal CAGR of 16.3% to reach US$ 8 Bn by the end of the year 2029.

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Potential Impact of COVID-19

In light of the measurable impact of the COVID-19 pandemic on the printing industry, FMI projects that, industry players will most likely fail to meet their financial targets due to considerable supply chain disturbance, led by reduced customer demand. Alerted by the current market situation, leading players are building essential operational flexibility to survive the pandemic. In addition, the pandemic has triggered implications to digitally transform workplaces in order to better serve end users and thrive over the course of the following years. This crisis will possibly create a fertile ground for potential transformation of the digital textile printing market, as stated by the FMI study.

Manufacturers are slowly making developments in quality digital textile printing technology, and thus, flexography and lithographic printing technology providers are slowly shifting to digital printing processes.

Growth outlook of the digital textile printing seems promising, owing to its numerous characteristics and use of advanced technology. The U.S. and Canada are projected to offer lucrative opportunities to manufactures as the demand for digital textile printing solutions in these countries surges.

Key Takeaways from Digital Textile Printing Market Study

  • The direct to fabric (DTF) segment is experiencing unmatchable demand in the global digital textile printing market, expected to expand at an impressive CAGR of 17.5% during the forecast period.
  • As compared to traditional printing technologies, digital textile printing requires higher primary set-up cost, and hence, per unit cost is high for small volume printing. Moreover, high frequency of orders for shorter run lengths requires arranging multiple jobs and regular plate changing.
  • Digital printers are pursuing more precise ways of determining the equipment type and run lengths for printing. It has been witnessed that print service suppliers are mainly aiming on computerizing their printing processes.
  • In terms of market growth, North America and East Asia are estimated to witness astonishing growth in the global digital textile printing market.

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Growing Inclination Towards Digital Textile Printing Designs Creating Opportunities for Designers

Earlier, unique and eye-catchy designs were only used for high fashion clothing that was exposed on the stages on foremost fashion weeks across the globe. But over the last few years, more and more high-fashion brands such as H&M and Zara are joining unique and more outbound designs in their pools.

By using digital textile printing techniques, people want to buy these exclusive pieces of clothing, and big high-fashion brands are skillfully reacting to those demands. This new request for uniqueness is a fruitful opportunity for digital textile designers.

Conventional printing methods can limit designers to create unique high-quality designs. Digital textile printing helps designers expand their creativity and gives them the right tools to create futuristic designs.

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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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Heavy Duty Bags & Sacks Market Estimated to Expand at a Robust CAGR By 2028

Heavy duty bags & sacks are referred to as the bags & sacks which can uphold more weight than the regular bag types. Heavy duty bags & sacks are highly durable and can be used multiple times. Heavy duty bags & sacks offer several advantages over other bags in terms of low thickness and high strength. Heavy duty bags & sacks can handle a large volume of materials. Hence, these heavy duty bags & sacks are highly preferred in industrial applications including food, agriculture, and chemicals among others. Also, heavy duty bags & sacks are well shielded and impact resistant.

Future Market Insights delivers vital insights on the heavy duty bags & sacks market in its published report, titled “Heavy Duty Bags & Sacks Market: Global Industry Analysis 2017-2021 and Opportunity Assessment 2022-2028”. In terms of revenue, the global heavy duty bags & sacks market is projected to expand at a CAGR of 4.0% during the forecast period, owing to numerous factors, about which FMI offers thorough insights and forecasts in this report.

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Heavy Duty Bags & Sacks Market: Dynamics Impacting Revenue Growth

In the report, FMI suggests that increasing construction activities and industrialization in emerging countries is expected to be the key driving force for the growth of heavy duty bags & sacks globally. 20 – 40 kg heavy duty bags & sacks are expected to be the most lucrative capacity type. The heavy duty bags & sacks lie under this capacity provides ease of storage & transportation. In terms of material used, plastic accounts for nearly 55.0% of the total material used for heavy duty bags & sacks market by market value.

The FMI study analyses the heavy duty bags & sacks market in several regions, and focuses on the key dynamics affecting the heavy duty bags & sacks market, globally. The growing demand from end use industries such as building & construction, automotive, and food among others, the demand for heavy duty bags & sacks is expected to gain traction. These factors are expected to drive the growth of the global heavy duty bags & sacks market during the forecast period. In terms of end-use industries, chemical & fertilizers segment is expected to drive the demand for heavy duty bags & sacks. The regulatory bans by government across various countries over the use of plastic might hamper the growth of heavy duty bags & sacks.

APEJ is expected to outpace Western Europe as the leading region for the demand for heavy duty bags & sacks market by 2028. In APEJ region, countries like India and China are witnessing a rapid rise in industrialization. This factor is expected to create immense opportunities for the growth of the global heavy duty bags & sacks market in the region.

The production of heavy duty bags & sacks might be hampered by more end users opting for FIBCs (flexible intermediate bulk containers). These FIBCs are gaining popularity over heavy duty bags & sacks due to their ability to uphold huge weight. Majority of organizations and end users have shifted their preferences to bulk bags from heavy duty bags & sacks. The growing use of FIBCs can be a threat to the growth of heavy duty bags & sacks.

Furthermore, heavy duty bags & sacks are highly customizable and can be manufactured as per customer requirements. The flexibility in production allows heavy duty bags & sacks to be one of the most sought-after packaging solutions in the chemical, agriculture, and construction sectors. Heavy duty bags & sacks made of plastic are waterproof and therefore offer high reliability when it comes to agricultural packaging. These factors are expected to drive the global heavy duty bags & sacks market during the forecast period.

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Heavy Duty Bags & Sacks Market: Companies

The manufacturers operating in the global heavy duty bags & sacks market include Segezha Group LLC, Mondi Group, Nihon Matai Co., Ltd., Sonoco Products Company, Berry Global, Inc., Al-Tawfiq Company, Wooderson Packaging Ltd., ProAmpac LLC, MegaSack Corporation and LC Packaging International BV  among other heavy duty bags & sacks manufacturers.

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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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Metallized Films Market Analysis by Size, Share, Growth, Trends up to 2028

Future Market Insights delivers vital insights on the metallized film market in its report titled “Metallized Film Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028”. In terms of revenue, the global metallized film market  is projected to expand at a CAGR of 5.1% during the forecast period.

Metallized films are polymer films coated with a thin layer of metal, mostly aluminum. They offer barrier properties against moisture, light and oxygen at reduced cost and weight. Hence, metallized films are widely used for packaging, decorative purposes, laminations, labelling and insulation.

In the report, FMI suggests that the packaging segment by application type is expected to play a critical role in the growth in the demand for metallized films during the forecast period. Increasing usage of packaged foods across the globe is triggering the growth of metalized films as high barrier films for packaged food and others.

The APEJ region is expected to spearhead global growth in the metallized film market. The presence of radially emerging economies, large urban population and increasing living standards are expected to be the critical drivers for the growth of the metallized film market in the APEJ region. According to FMI, the packaging segment by application type is expected to have the largest market share in the metallized film market in the region due to the increasing use of metallized films as barrier films and expansion of end user industries such as food & beverage, pharmaceutical, cosmetics & personal care, automotive, electrical & electronics and others. China is expected to dominate the APEJ metallized film market with a large market share. In terms of growth rate, India is expected to outpace other countries in the APEJ region.

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Western Europe and North America are projected to register significant growth rates in the metallized film market during the forecast period. The U.S. in North America and Germany in Western Europe are expected to have the largest market shares, owing to the higher preference of metallized films as barrier films by end-use industries. The high growth of ready-to-eat meals and processed food, which require premium packaging, is expected to create significant demand for metallized films during the forecast period.

Latin America and MEA are expected to be promising markets in the global metallized film. Emerging economies in Northern Africa and Latin America, specifically Brazil and Mexico, are expected to represent high incremental opportunities due to the increased penetration of metallized film into end-user industries. By product type, the metallized PP segment is expected to account for a larger market share in Latin America and MEA regions during the forecast period.

Japan accounts for a smaller share in the global metallized film market. However, increasing penetration of end-use industries in Japan is expected to create substantial demand for metallized films during the forecast period. The Eastern Europe region is projected to expand with a lucrative growth rate in the metallized film market during the forecast period.

The companies involved in metallized film manufacturing lay emphasis on enhancing the barrier properties of metallized films and on increasing their global footprint through acquisitions and expansions. The manufacturers of metallized films are likely to eye the profitable region of Asia Pacific excluding Japan (APEJ) in the coming years. Mass urbanization in these countries, coupled with the improved standards of living, is expected to be among the key driving forces behind the growth in the demand for metallized films. Overall, the global outlook for metallized film market is expected to remain positive during the forecast period.

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Key players operating in the global market for metallized film include Bemis Company, Inc., Uflex Ltd., Jindal Poly Films Limited, Klöckner Pentaplast Europe GmbH & Co. KG, AR Metallizing N.V., Treofan Group, Cosmo Films Ltd, Toray Plastics (America), Inc., Dunmore Corporation and SRF Limited, among others.

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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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Future Market Insights Inc.

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Automotive Battery Management System Market Research Report 2022 – Forecast till 2029

According to a new research report published by Future Market Insights (FMI), the automotive battery management system market is estimated to reach US$ 15.3 Bn by the end of 2029.

In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth.

 “In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.”

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Key Takeaways of Automotive Battery Management System Market Study

  • Consumer demand across the globe is beginning to bend in favor of electric vehicles, and has strong disruption potential with governments providing purchasing incentives and subsidiaries.
  • With the dawn of electro-mobility and the resulting increase in EV production, automakers are offering tailored electric vehicles with modification in battery management systems.
  • APEJ is anticipated to remain the fastest-growing region in the automotive battery management system market during the forecast years, owing to several countries encouraging the usage of EVs. China leads the global fleet of electric vehicles.
  • Hybrid electric vehicles hold more than two-third of the global EV fleet. Increasing sales of HEVs are foreseen to fuel the demand for battery management systems in the future.
  • Electric vehicle fleet is significantly low as compared to ICE vehicles. As a result, the OEM sales channel is projected to retain its prominence throughout the forecast period.
  • Although centralized BMS account for a lion’s share in the global market, modular BMS are expected to witness high growth due to its superior functional benefits over its counterparts.

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AUTOMOTIVE BATTERY MANAGEMENT SYSTEM MARKET TAXONOMY

The global automotive battery management system market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Vehicle Type

  • Electric Vehicles
  • Passenger Cars
    • HEVs
    • PHEVs
    • BEVs
  • Commercial Vehicles
    • HEVs
    • PHEVs
    • BEVs
  • Golf Carts
  • E-Bikes

Connection Topology

  • Centralized
  • Distributed
  • Modular

Sales Channel

  • OEMs
  • Aftermarket

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Middle East & Africa
  • Japan

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Automotive Battery Management System Market: Competition Overview

The global automotive battery management system market is moderately consolidated, with a number of global as well as regional players operating in it. Analog Devices, Inc., Continental AG, Johnson Matthey Plc, and Robert Bosch GmbH are identified as prominent players in the global automotive battery management system market.

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.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Automotive Air Vent Assembly Market Scope of Current and Future Industry 2027

An vehicle HVAC system includes an automotive air vent component. It opens up in the car’s inner cabin, passing cool air through. It contains features to control the flow of air through flaps and is composed of lightweight plastic materials with a straightforward design. The dashboard’s centre was originally thought to be the best location for the automobile air vent assembly in a car’s interior. However, the ability to install an automotive air vent component in many locations has been made possible by drastic improvements to automotive HVAC systems and rising end-user demand for comfort.

The manufacturers of automotive air vent assemblies design their product in such a way that it does not deform or warp under both hot air and cold air for a prolonged period of time.

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Automotive Air Vent Assembly Market Dynamics

The automotive industry is one of the most dynamic industrial verticals in the manufacturing sector. The influence of the automotive industry is such that it has led to the growth of a separate industry known as auto ancillary and components industry. The automotive air vent assembly is a product that falls under the auto ancillary industry and its performance directly depends on the performance of the overall automotive industry. In the present scenario, it can be said that almost all vehicles are equipped with HVAC units. The penetration of HVAC units is so high that even commercial vehicles and earth movers are being fitted with HVAC units as a factory fitment. This is due to the efforts of OEMs to gain a larger market shares in their respective segment by making their products more attractive to customers. All of these factors will lead to healthy growth of the automotive air vent assembly market in future.

Automotive Air Vent Assembly Market: Market Participants

Some of the major players identified across the value chain of the Global Automotive Air Vent Assembly market are:

  • Preh GmbH
  • Ningbo Joyson Electronic Corp.
  • Mergon International
  • MAHLE GmbH
  • Cascade Engineering, Inc.
  • fischer automotive systems GmbH & Co. KG
  • Nifco Inc.
  • Neaton Auto Products Manufacturing, Inc.
  • Cascade Engineering
  • Denso Corporation

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The report covers exhaust analysis on:

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

Regional analysis includes:

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

Automotive Air Vent Assembly Market: Segmentation

The Automotive Air Vent Assembly Market is segmented on the basis of product type, vehicle type, area of application and distribution channel.

By product type, the Automotive Air Vent Assembly market can be segmented into:

  • Horizontal Flaps
  • Spiral Flaps
  • Others

By area of application, the market can be segmented as:

  • Dashboard Unit
  • Legroom Unit
  • Roof Mount Unit
  • Others

By vehicle type, the market can be segmented as:

  • Passenger cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By distribution channel, the market can be segmented into:

  • Original Equipment Manufacturers
  • Aftermarket

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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.

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
Browse All Reports: https://www.futuremarketinsights.com/reports
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