Market Research Blog – Page 11566 – New Product Development

Kombucha Tea Market Current Trends And Future Growth Estimations Outlook To 2032

The global kombucha tea market is set to witness growth at a CAGR of 12.3% and is anticipated to reach a valuation of around USD 5,234.6 Mn by 2032.

One of the primary factors driving the global kombucha tea market is the growing demand for convenience packaging. Busy lifestyles and time constraints across the globe have increased the demand for on-the-go food items.

This is increasing the sales of kombucha tea that can be easily carried in the pocket. To capitalize on this, key players are adding attractive packaging, which extends the shelf life of kombucha tea storage.

Kombucha tea manufacturers are also constantly providing consumers with more creative products in terms of flavors. The kombucha tea innovation is done to meet consumer demand for a healthy and nutritious drink without compromising the flavor, taste, texture, and nutritional properties of the product.

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Key Takeaways from Market Study

Organic kombucha tea is expected to grow at a lucrative 13.8% CAGR during the forecast period.
North America kombucha tea market is expected to dominate the global market in 2022, with a share of around 24.1% by 2032
In terms of sales channels, modern trade is expected to have a dominant share in 2022
Online retail stores are expected to grow at a rapid pace during the forecast period.
In terms of product type, green tea is expected to dominate the global market in 2022
Black kombucha tea is expected to grow at a rapid pace during the forecast period.

“Manufacturers of kombucha tea are focusing on increasing product transparency. They are also putting together dedicated teams to devise legal marketing strategies to ensure proper kombucha tea representation to woo consumers.” says a Future Market Insights analyst.

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Competitive Landscape

Kombucha tea manufacturers are introducing new products to cater to consumers’ diverse preferences and tastes. Kombucha tea market trends such as changing consumer preferences toward non-alcoholic beverages and increased consumption of healthier beverages, key players are focusing on expanding their product portfolio.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global kombucha tea market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Kombucha Tea Market by Category

By Nature:

Organic
Conventional

By Product Type:

Green Tea
Black Tea
Oolong Tea
Others

By Flavor Type:

Regular/Unflavored
Flavored

By Sales Channel:

Modern Trade
Convenience Stores
Traditional Grocery Stores
Specialty Stores
Online Retail Stores
Others

By Region:

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

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Frequently Asked Questions

How big is the kombucha tea market?
What is the anticipated market value of the kombucha tea market by 2032 end?
What is the kombucha tea market outlook?
Which region is expected to drive the demand for the kombucha tea market?
Who are the key players operating in the market?

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About Future Market Insights (FMI)

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

Contact:

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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Spirits Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2032

The global spirits market is estimated at US$ 56 Bn in 2022 and is projected to reach US$ 92.9 Bn by 2032, at a CAGR of 5.2% from 2022 to 2032.

Spirit is an alcoholic beverage prepared through distillation process in which the component substances are separated from a liquid mixture via evaporation and condensation. This process is used for purification of the mixture and for removing the diluting components such as water. This is done in order to increase the alcohol content by volume (ABV).

Rising demand for alcoholic beverages can be attributable to the increasing consumption among millennials. A gradual increase in the party culture has been noticed over the past few years which has contributed well to the market growth. Alongside this, peer pressure among students and adults and the influence of social media are convincing consumers to experiment with new drinks and different flavours.

The latest trend of partying at clubs, bars, cafes and pubs in developing economies like India and China owing to attractive pay packages and changing lifestyle is likely to result in surging demand for spirits in the coming years. Varied types of spirits such as vodka and whiskey are mostly consumed during outings.

Furthermore, increasing spending capacity of working population has encouraged them to switch to premium brands, which is expected to fuel the spirits market growth over the forecast period (2022-2032).

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Key Takeaways from Market Study

East Asia is expected to dominate the global market by accounting for the maximum market value share of about 25% by 2022 end
Rising partying culture in different regions across the globe is predicted to result in surging demand during the assessment period (2022-2032)
By product type, whiskey is expected to account for the maximum market share by 2022 end
Higher income groups and working population have increased spending capacity, which is likely to increase the demand for premium brands of spirits in the near future
Indirect channel is expected to account for a higher market value share than direct channel by 2032 end

“Trending partying culture at clubs and pubs among today’s millennial is expected to result in an impressive growth in the spirits market in the coming decade,” says a Future Market Insights analyst.

Competitive Landscape

Key market participants are following different marketing and promotional strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to address the needs of the consumers and serve accordingly, thus, creating a larger customer base in the coming years.

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Future Market Insights, in its new report, offers an impartial analysis of the global spirits market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

By Product Type, Global Spirits is segmented as:

Vodka
Rum
Whiskey
Gin
Tequila
Others

By Category, Global Spirits is segmented as:

Mass
Premium

By Application, Global Spirits is segmented as:

Household
Commercial

By Distribution Channel, Global Spirits is segmented as:

Direct
Indirect
- Hypermarkets/Supermarkets
- Specialty Stores
- Independent Retailers
- Online Retailers

By Region, Global Spirits is segmented as:

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

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Frequently Asked Questions

How big is the spirits market?
At what rate is the global spirits market expected to grow?
What are the key strategic adopted by spirits market players?
How much share does the top 10 companies in the spirits market hold?
Which are the major countries driving demand for spirits?

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Champagne Market Exhibits Higher Growth Prospects During 2022-2032

The global champagne market is expected to reach a market valuation of US$ 7.0Bn by the year 2022, accelerating at a CAGR of 5.08% by 2022-2032, to reach a value of US$ 11.5Bn by 2032.

The alcohol beverage industry suffered from initial set back due to pandemic as spread of virus resulted in delays in shipment, rise in packaging cost, and scarcity of containers. However, after the first wave subsidized and majority of the population around the globe was vaccinated the alcoholic beverage industry bounced back due to government support and incentives.

There has been a considerable increase in the number of brands and retailers offering wide varieties of alcoholic beverages, the only distinction they can emphasize on is product diversification. As a result, key players are focusing on developing niche products, specific to consumer requirements. This is expected to propel the demand for alcoholic beverages globally which in turn will impact sale of champagne.

Pandemic affected in-store sales severely. To overcome distancing rules, companies developed their online portals and delivered champagnes and other alcoholic beverages at consumer doorsteps. Even as the situation bounces back, many distributors are predicted to change their business model by partnering with on-demand services that procure alcohol from stores and deliver it to customers.

There is increase in consumption of champagne in home premises. As people are spending much time indoors, they are expected to order premium quality champagnes from e-commerce sites. This is expected to reduce café and restaurant-based alcohol consumption. Brands are expected to focus on offering such services to multiply sales of champagne.

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Surge in consumer spending capacity in regions such as North America, Europe, and Asia also has made it possible for customers to splurge on alcoholic beverages during celebrations. Consumption of low alcoholic champagne is witnessing high growth as consumers are shifting toward healthy drink options, which is expected to encourage sales of low-alcohol champagne during assessment period.

Key Takeaways from Market Study

The champagne market is expected to increase at CAGRs of 5.1% and 5.3% in North America and the Europe, respectively, through 2032.
Market share of Latin America and Oceania is 4.5% and 4%, respectively, in 2022.
The Europe champagne market is expected to reach US$ at 1.6 Bn
Growing customer preference for healthy and nourishing beverages to drive the sale of low alcohol champagne.
By price range, economically priced champagne holds the highest market share and is expected to increase at a CAGR of 6.0%.

“Manufacturers of champagne will considerably gain from targeting the niche product and consumer segments in alcoholic beverages industry. Consumer preference for nourishing drinks is expected to impact the demand for low alcoholic beverages around the globe,” says a Future Market Insights (FMI) analyst.

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Competitive Landscape

Key manufacturers of champagne are majorly focusing on research & development to offer different varieties of alcoholic beverages. Permiumization is expected to contribute maximum revenue generation through sale of champagnes. As key players focus on offering different flavours according to customer preference to stand out in the competition.

Another trend that is prevalent in the champagne market is consumer preference for sustainable packaging. Consumers are more sensitive towards adverse impacts on environment that are choosing brands that follow sustainable practices throughout their supply chain. Brands that focus on these aspects are expected to benefit in long run.

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Champagne Market by Category

By Price Range, Champagne Market is Segmented as:

Economy
Mid-range
Luxury

By Sales Channel, Champagne Market is Segmented as:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region, Champagne Market is Segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Frequently Asked Questions

How much is the global champagne market worth?
What is the champagne market demand outlook lly?
At what rate did the demand for champagne grow in the last five years?
At what rate will champagne demand grow in Europe?
What are the key trends shaping the champagne demand?
At What Rate Will Champagne Market Demand Grow in North America?

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Future Market Insights Inc.

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T: +1-845-579-5705

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Vegan Yogurt Market By Glorious Opportunities, Business Growth, Size, And Statistics Forecasts Up To 2032

The global vegan yogurt market size is expected to reach a market valuation of US$ 2.2 Bn in 2022, with sales growing at a robust 8.9% CAGR over the forecast period.

Vegan Yogurt Market Size (2022)	US$ 2.2 Bn
Vegan Yogurt Market Projected Size (2032)	US$ 5.1 Bn
Vegan Yogurt Value-based CAGR (2022-2032)	8.9%
Vegan Yogurt Top 3 Countries Market Share	35.8

Increasing incidence of lactose intolerance among consumers is resulting in lesser consumption of milk-based products. As a result, plant-based diet has grown in popularity among the consumers, with many people trying to replace dairy products with plant-based alternatives, including yogurt.

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This has led to high demand for vegan yogurts which contain live probiotics and cultures and provide the same digestive advantages as dairy-based yogurts.

Hemp milk yogurt and flax yogurt, for example, are high in fatty acids, natural omega-3, and fiber. Many other vegan yogurt variants are enriched with minerals and vitamins to improve their nutrient level. These products are as rich, creamy, and smooth as regular yoghurt, and they don’t require any flavor or texture adaptation.

Vegan yogurt manufacturers have been experimenting and developing different bases and distinctive flavors to promote these yogurts as mainstream products. Furthermore, milk obtained from grains, seeds, and nuts such as coconut, hazelnuts, macadamia, almond, pistachios, pili, and cashew are used to make vegan yoghurt. Flax, soy, and hemp seeds, as well as cereals like oats, are also used to make vegan yoghurt.

“Wide availability of vegan yogurt at online channels, along with growing popularity of veganism in emerging economies will continue driving the vegan yogurt market over the forecast period,” says the FMI analyst.

Key Takeaways:

By flavor, demand in the chocolate segment is expected to remain high over the forecast period.
Based on the product type, sales in the almond mil vegan yogurt segment are forecast to gain traction over the assessment period.
In terms of sales channel, the offline segment is expected to account for a dominant share of the market through 2032.
The North America vegan yogurt market is expected to grow at a 8.5% CAGR through 2032.
East Asia vegan yogurt market is expected to emerge as a lucrative pocket with sales growing at a high rate.

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Competitive Landscape

Leading players operating in the global vegan yogurt market are aiming to expand their presence in developing countries to gain a competitive edge. They are also investing in research and development to improve their product portfolios by adding innovative flavors. For instance:

Danone, a leading French yogurt company, acquired WhiteWave Foods, a Colorado-based company for its range of plant-based food and beverages manufacturing brands such as Alpro®, So Delicious®, Silk®, and Vega™.

Vegan Yogurt Market by Category

By Product Type:

Soy Milk Yogurt
Coconut Milk Yogurt
Almond Milk Yogurt
Rice Milk Yogurt

By Flavour:

Chocolate
Strawberry
Banana
Pineapple
Mango
Lemonade
Peach

By Sales Channel:

Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
Online Sales Channel
- Company Website
- E-commerce Platform

By Region:

North America
Latin America
Europe
Middle east and Africa
East Asia
South Asia
Oceania

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global vegan yogurt market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

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The study offers compelling insights based on product type (soy milk yogurt, coconut milk yogurt, almond milk yogurt, and rice milk yogurt), flavor (chocolate, strawberry, banana, pineapple, mango, lemonade, and peach), sales channel (offline sales channel (supermarkets/hypermarkets, departmental stores, convenience store) and online sales channel (company website and e-commerce platform)), across seven major regions.

Frequently Asked Questions

What is the current valuation of the vegan yogurt market?
At what rate is the vegan yogurt market projected to grow over the forecast period?
How much is the vegan yogurt market expected to be worth in 2032?
Who are the top players operating in the vegan yogurt market?

About Future Market Insights (FMI)

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Lactose-Free Butter Market Applications with Latest Trends & Forecast 2022-2032

The global lactose free butter market is set to witness growth at a CAGR of 8.6% over the forecast period (2022-2032) and top a valuation of US$ 1,643 Mn by 2032.

Growth is attributed to rising issues such as allergies or lactose intolerances across the globe. Health conscious consumers are shifting their preferences towards consuming more of lactose free products as an alternative to dairy products.

Lactase enzyme count in the body is maintained through consuming lactose free butter which helps in breaking down lactose in the body. Inability to digest lactose by a human body is termed as lactose intolerance.

Gas, bloating, and abdominal pain are few of its common symptoms when it is consumed in any form. In this case, consumers switch to lactose free butter and other products that aids in eradicating unpleasant and painful symptoms of lactose intolerance.

Besides this, rising number of diseases such as obesity, diabetes, and other health issues coupled with surging demand for sugar free, lactose free, and gluten-free products are few of the drivers predicted to boost the market in the coming years. Backed by these aforementioned factors, the demand for lactose free butter is expected to rise at an impressive rise over the forthcoming decade.

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Key Takeaways from Market Study

Europe is expected to dominate the global lactose free butter market, accounting about 32% by 2022
Germany is expected to account for the maximum market share of nearly 25% in Europe lactose free butter market
By product type, spreadable lactose free butter is expected to account for lion’s share of the global market by the end of 2032
By nature, organic lactose free butter is expected to dominate the global lactose free butter market over the assessment period

Online channel is expected to show an impressive growth in terms of distribution channels over the assessment period (2022-2032)

“Demand for lactose free butter is increasing globally amid growing consumption of lactose free products across the globe. Also, growing trend of veganism across the globe is another factor driving the growth in the market”, says a Future Market Insights analyst.

Competitive Landscape

Various market players are adopting different marketing and promotional strategies such as partnerships, collaboration, merger and acquisitions, new product launches and geographical expansion.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global lactose free butter market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Global Lactose Free Butter Market By Category

By Product Type:

Spreadable
Non-Spreadable

By Nature:

Organic
Conventional

By Source:

Cream
Milk
Skimmed
Whole

By End Use:

HoReCa/Foodservice
Household/Retail
Food Industry
Bakery and Confectionery
Meat products
Infant Formula
Desserts

By Distribution Channel:

Direct
Indirect
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Independent Retailers
- Online Retailers

By Region:

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

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The report covers exhaustive analysis on:

At what value is the lactose free butter market expected to reach?
How much is the global lactose free butter market expected to grow?
What strategies are adopted by the market players in the lactose free butter market?
What percent of share does the top 10 companies in the lactose free butter hold?
Which are the major countries driving demand for lactose free butter?

About Future Market Insights (FMI)

Contact:

Future Market Insights Inc.

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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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Packing Tape Market Demand is Growing by E-Commerce, Food & Beverages Industry

The packing tape market is supposed to heighten at a CAGR of 4.8%, from USD 21.8 billion out of 2022 to USD 34.9 billion through 2032.

Owing to the lack of transportation and the scarcity of raw resources, expansion of the packing tape market has been hampered. Even for the E-Commerce sectors, transportation was not an option. The packing tape market share has also slowed as a result of this.

The packing tape market is expected to grow at a sluggish pace, with a CAGR of 2.3% from 2015 to 2021 rising to 4.8% during the forecast period. One of the key aspects that contribute to the packing tape market statistics is the rapid rise in economic growth in the purchasing of products from the E-Commerce platform.

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One of the primary factors driving the growth of the packing tape market is the use of packaging products in the food and beverage industry. In addition, the expansion of the vehicle industry stimulates demand for packing tapes.

Furthermore, the fluctuation in the cost of raw materials for manufacturing during the pandemic is one of the key reasons impeding the packing tape market analysis. As the packing tape business continues to increase, people are beginning to think more about tapes. As a result, manufacturing companies must enhance their technological skills.

With the slow rise of the packing industries in recent days, the demand for the packing tape is consistent and steady. The adoption of packing tapes in food and beverage items, automotive industries, and E-Commerce industries has contributed to this recent growth.

In the following years, the Asia-Pacific market for packing tape is predicted to grow at the fastest rate. China and India are predicted to have the fastest market growth in the Asia-Pacific region.

Key Takeaways

The market for packing tape is expected to be valued at US$ 34.9 billion by 2032.
The packing tape market is predicted to develop at a CAGR of 4.8% due to creative designs and product innovations.
The packing tape market was valued at US$ 20.9 billion in 2021.
The Acrylic segment of the packing tape market, which falls under the material type category, is expected to grow at a CAGR of 3.8% through 2032.

Competitive Landscape

Major key players in the packing tape market are Ethicon, Medtronic, Intuitive Surgical, Apollo Endosurgery, ReShape Life Sciences, contributing to the packing tape market share.

To extend their influence in the packing tape market trends, these vendors have used a variety of organic and inorganic growth tactics.

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Recent Developments:

In August of 2019, the kite packaging company released four new machine tapes, one of which is 48mm wide and the other is 75mm wide.
The new kite low noise solvent tape and vinyl tapes were introduced in 2019 by the kite packaging company. Due to the inexpensive cost of these types of containers, cassettes are readily available.
Monta released self-adhesive tapes made of natural rubber adhesive in February 2020.
Tesa SE bought FormFormForm Ltd. (UK), a maker of adhesive tapes and self-adhesive systems solutions, in May 2018. Tesa SE’s product portfolio, geographic reach, go-to-market channels, and sectors served were all strengthened as a result of this transaction.

Key Players

3M
Avery Dennison
Nitto Denko
Henkel
Tesa
Advance Tapes International
Adhesive Research
Bostik
Dow Corning
Evans

How COVID-19 Impacts The Packing Tape Market?

There are several significant changes that will occur as a result of the COVID-19 pandemic spread in the year 2020. The pandemic’s propagation has had a significant influence on several industries. The pandemic’s emergence has had an effect on the growth of the packing tapes market share.

Owing to the lack of transportation and the scarcity of raw resources, expansion of the packing tape market has been hampered. Even for the E-Commerce sectors, transportation was not an option.

The packing tape market share has also slowed as a result of this. The packing tape market is expected to grow at a sluggish pace, with a CAGR of 2.3 percent from 2015 to 2021, rising to 4.8 percent during the forecast period.

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Key segments

By Type:

Filament Tapes
Double-Sided Tapes
Parcel Tapes
Light-Duty Packaging Tapes
Others

By Material Type:

Acrylic
Hot Melts
Others

By Application:

Food & Beverages
Chemical
Consumer Goods
Others

By Region:

North America
Latin America
Asia Pacific
Middle East & Africa
Europe

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

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Sales of Biodegradable Films Market are Being Driven by Growth in the Food Packaging Industry

The worldwide biodegradable films market is supposed to develop at a CAGR of 5.6%. The market esteem is projected to increment from US$ 1,040.1 Mn in 2022 to US$ 1.7 Bn by 2032. The biodegradable films market was esteemed at US$ 1,000.5 Mn in 2021, is expected to show Y-o-Y development of 5.4% in 2022.

Biodegradable films, aluminum foil and paper-based bundling are a portion of the fresher answers for supportable bundling to which industry goliaths are hoping to select. The bundling market is supposed to observe the more popularity for biodegradable films soon.

The two sorts are 100 percent compostable. Because of the unique bio-added substances in the degradable gum, the film decays to water, bio-fertilizer, and carbon-dioxide. Biodegradable Films Market is assessed at US$ 1.7 Bn in 2032, flood at a lively 5.6% CAGR during the evaluation time frame 2022-2032.

The Biodegradable Films Market Research Report is an expert resource that gives dynamic and measurable bits of knowledge into local and worldwide markets. It incorporates an exhaustive investigation of the ongoing situation to shield the patterns and prospects of the market. Biodegradable Films Market Research reports additionally track future advances and improvements.

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The regulatory authorities across the globe developed international standards for compostability which includes ASTM 6400 (in America), AS 4736 (in Australia), En13432 (in Europe), and Green Pla (in Japan). The manufacturers have to comply with these standards to market their biodegradable films in different regions.

Global Biodegradable Films Market: DynamicsThe Agricultural Sector to Boost the Demand for Biodegradable Mulch Films

The mulch films developed from the biodegradable films are gaining traction across the globe. Biodegradable films are increasing by agriculture sector owing to its temperature maintaining, speed up ability in germination and cultivation cycles. Furthermore, rising demand in the agricultural sector to improve crop in suitable conditions is a key driver for the global market for biodegradable films.

Capacity Expansion by Manufacturers to Leverage Lucrative Opportunity from Biodegradable Films Market

The packaging films manufacturers are focusing on the expansion of biodegradable films offerings owing to increased demand from the end-users.

In January 2020, Monta, a German manufacturer and suppliers of self-adhesive tape, launched a new self-adhesive tape, monta biopack®.
In 2018, Zummit Plastics, a manufacturer of high-end machine and hand application stretch film products, expanded its PE biodegradable films production.

Additionally, organizations and universities are researching on the development of biodegradable films from the new materials to offer more options to manufacturers. In January 2020, the University of New South Wales discovered an innovative way to turn banana plantation waste into biodegradable packaging material.

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Global Biodegradable Films Market: Geographical Outlook

The popularity of biodegradable films in North America and Europe is expected to gaining traction owing to local governments push toward sustainability and manufacturers increased research and development activities. The ban on plastic and consumers’ acceptance for biodegradable packaging options are expected to speed up the growth of the biodegradable films market in the coming decade.

Japan, China and India are planning to reduce 100% of single-use plastic by the end of 2025, which is expected to boost the demand for biodegradable films in the Asia Pacific region. Latin America and Middle East & Africa regions witnessed sluggish growth for biodegradable films market in the past five years, which is projected to accelerate in the next decade.

Global Biodegradable Films Market: Key Players

Some of the key players operating in the global biodegradable films market are as follows:

Taghleef Industries Group
Cortec Corporation
Clondalkin Group
Futamura Group
Storopack, Inc.
Transilwrap Co., Inc.
Accredo Packaging, Inc.
POLYNOVA Industries Inc.
Tipa Corporation
Plastiroll Oy Ltd.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on biodegradable films market segments and geographies.

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Global Biodegradable Films Market: Segmentation

The global biodegradable films market has been segmented into material, application, thickness, and end-user industry.

On the basis of material, the global biodegradable films market has been segmented into:

Bio-LDPE (Low Density Polyethylene)
Bio-MDPE (Low Density Polyethylene)
Bio-HDPE (Low Density Polyethylene)
Bio-based PLA (Polylactic Acid)
Others

On the basis of application, the global biodegradable films market has been segmented into:

Bags
Mulch Films
Wrapping Films
Liners
Others (Sheets, etc.)

On the basis of thickness, the global biodegradable films market has been segmented into:

Up to 1 mil
1-3 mil
Above 3 mil

On the basis of end-user industry, the global biodegradable films market has been segmented into:

Food & Beverages
Healthcare
Personal Care & Cosmetics
Agriculture
Waste Management
Others

On the basis of Region, the global biodegradable films market has been segmented into:

North America
Latin America
Europe
Middle east and Africa
East Asia
South Asia
Oceania

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Public Cloud Application Infrastructure Services Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030

The value of the global public cloud application i nfrastructure services market is anticipated to witness a CAGR of 24.5% during the forecast period of 2020-2030.

Continuous the demand for enhanced security and the added benefit of using cloud infrastructure which makes secure access simplified, even for remote access. Thus, public cloud services are being increasingly associated with business nimbleness and speed. Growth of the Infrastructure as a Service (IaaS) has created new opportunities for the usage of public cloud services. This is surely altering the enterprise IT value chain. A recent trend in many enterprises is the mixing of existing IT infrastructure with cloud infrastructure and this remains the ideal path to public IaaS adoption.

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Key Takeaways of Public Cloud Application Infrastructure Services Market Study

Among the application segment, the application infrastructure & middleware sub-segment is expected to witness a high growth rate during the forecast period, owing to the increasing adoption of digital business model, and modern application infrastructure to connect data, software, users, and hardware.
East Asia is expected to create lucrative growth opportunities for players in the public cloud application infrastructure services market, owing to the IT organizations are migrating their business-critical infrastructure to the cloud, and increased adoption of hybrid IT, in the countries of this region.

Increasing Adoption of Public Cloud Application Infrastructure Services amid the COVID-19 Pandemic outbreak

The increasing work-from-home scenario amid global lockdowns due to COVID-19 outbreak, would drive the market for public cloud application infrastructure services during Q2-Q4 2020. Public cloud application infrastructure service-based offerings such as application development, database management systems, business intelligence platform, and others would grow at unprecedented rate. However, new technologies such as AI, Robotics, AR/VR, IoT, cognitive security etc., would see surge in the adoption owing to the increasing new use-cases and new market opportunities. In addition, the overall public cloud application infrastructure services market is projected to grow at increasing rate, Q1 2021 onwards.

Introduction of New Public Cloud Application Infrastructure Services to Remain Key Strategy

Key vendors focusing on public cloud application infrastructure platforms are strategizing to develop and innovate new services related to public cloud infrastructure technology in order to achieve full global coverage and enhanced customer experience.

In September 2019, Oracle partnered with VMware to provide support customers for implementing hybrid cloud strategies. According to this partnership, customers are able to execute their hybrid cloud strategies by using VMware Cloud Foundation on Oracle Cloud Infrastructure.

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Public Cloud Application Infrastructure Services Market: Segmentation

The global public cloud application infrastructure services market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Application Type

Application Development
Application Infrastructure & Middleware
Business Intelligence Platform
Database Management Systems
Others

By Services

Data Services
Application Platforms
Integration services
Development & Lifecycle Services
Other Platform Services

By Enterprise Size

Large Enterprise
Small & Medium Enterprise

By Verticals

Government
BFSI
Healthcare
Telecommunication
Media & Entertainment
Energy & Utilities
Retail/ Wholesale
Manufacturing
Transportation
Others

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More Valuable Insights on Public Cloud Application Infrastructure Services Market

FMI’s report on the public cloud application infrastructure services market is segmented into five major sections such as application type (application development, application infrastructure & middleware, business intelligence platform, database management systems, others), platform services (data services, application platforms, integration services, development & lifecycle services, other platform services), enterprise (large enterprise, small & medium enterprise), vertical (government, BFSI, healthcare, telecommunication, media & entertainment, energy & utilities, retail/ wholesale, manufacturing, transportation, and others) and region to help readers understand and lucrative evaluate opportunities in the public cloud application infrastructure services market.

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Salesforce Services Market is expected to grow at a CAGR of Approximately Over 2022-2029

The market for salesforce services is expected to surpass US$ 13 billion in 2022 and grow at an astounding CAGR of 14.4 percent to reach US$ 33.5 billion by 2029.

Global Salesforce Services Market Size (2022)	US$ 13 Bn
Revenue Forecast (2029)	US$ 33.5 Bn
Global Market Growth Rate (2022-2029)	14.4% CAGR
Dominant Application	Sales Cloud (36.4%)

The global market for IT services now has a 2 percent share for Salesforce services. The BFSI industry’s growing use of salesforce services is the main factor fueling market expansion.

Salesforce services are widely employed in the financial services sector and have completely changed consumer involvement. Insurance agents and bankers benefit from BFSI services because they provide a 360-degree picture of customer data, including accounts and service inquiries, which enables businesses to provide better services and make informed decisions.

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Salesforce services help bankers engage with clients, provide great customer care, and fulfill financial goals through customer-centric models. Financial institutions are increasingly using salesforce services to improve their business operations as a result of these advantages. As a result, use of salesforce services in the BFSI sector is an important driver for overall market growth.

Integrating salesforce with third-party applications will undoubtedly broaden CRM users’ horizons. The value of the demand-supply phenomenon is emphasized by a third-party application available on AppExchange. They are created to satisfy the specific needs of salesforce users and to assist them in improving the quality of their business. Salesforce integration with third-party applications, on the other hand, must be a meticulously controlled process with frequent quality checks.

Analyst Quote
“Service providers will have to keep their clients informed about various Salesforce service developments and new additions, as well as possible extensions, in order to sow the seeds of rewarding client relationships for sustained growth”

As Salesforce services defy the ‘one-size-fits-all’ concept, service providers are offering end-to-end assistance to help end-users get services that are best-suited to their requirements. With thousands of Salesforce implementations across multiple enterprises, the Salesforce service providers are extensively focusing on creating impactful experiences to generate substantial profits.

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Opportunities galore for manufacturers with the increasing focus of businesses on improved customer engagement and interaction – key imperative driving growth and profitability amid competitive spaces. Some of the highly-effective Salesforce offerings- marketing cloud, commerce cloud and community cloud to name a few- have gained immense popularity over the years, which is further nudging businesses to choose Salesforce services for long-term returns.

According to the FMI report, implementation continues to remain a highly-preferred service, which is broadly categorized into integrated services, application modernization & data migration, custom application development, and testing services.

Enterprises will continue to sustain high demand for Salesforce managed services, wherein these businesses get assistance from a whole team of experienced Salesforce administrators as well as consultants for effective management of their Salesforce functions.

Competitive Landscape
Since there are so many companies actively providing salesforce services, the nature of the market has become quite competitive. SAP SE, Oracle Corporation, Microsoft Corporation, Salesforce.com Inc., Adobe Inc., DXC Technology, Accenture PLC, IBM Corporation, Pegasystems Inc., Verint Systems Inc., Tata Consultancy Services Limited, and AT&T Inc. are some of the leading salesforce service companies.

The salesforce services market is estimated to be fragmented, which remains a key factor for its dynamic competitive nature.
Leading salesforce service providers account for around 32%-34% of the overall market share. Vendors such as Accenture, Deloitte, IBM, and Wipro are among the largest and most experienced in the industry, and have significant regional coverage.
Support for third-party salesforce is rising when a company other than the original software publisher takes over vendor support.

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Key Segments of Salesforce Services Industry Survey

Salesforce Services Market by Type of Service:

Planning
Implementation
Manage

Salesforce Services Market by Application:

Sales Cloud
Service Cloud
Marketing Cloud
App Cloud
Commerce Cloud
Analytics

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Family/Indoor Entertainment Centres Market Insights, Deep Analysis of Key Vendor in the Industry 2022-2027

The performance of the global family/indoor entertainment centres market is examined over a ten-year assessment period, from 2017 to 2027, in a new report from Future Market Insights titled “Family/Indoor Entertainment Centers Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)”. The study gives important insights into the industry growth drivers and market growth inhibitors and forecasts the value of the global family/indoor entertainment centres market. According to the projections, sales would increase from around US$ 17,575 Mn in 2017 to US$ 61,248 Mn by the end of 2027, representing a CAGR of 13.3% for the forecast period.

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Global Family/Indoor Entertainment Centres Market: Segmentation and Forecast

The report segments the global family/indoor entertainment centres market on the basis of FEC type (arcade studios, VR gaming zones, sports arcades, others); on the basis of visitor demographics (families with children (0-9), families with children (9-12), teenagers (12-18), young adults (18-24), adults (24+)); on the basis facility size (<5000 sq. ft., 5001 to 10,000 sq. ft., 10,001 to 20,000 sq. ft., 20,001 to 40,000 sq. ft., >40,000 sq. ft.); on the basis of attendance per day (<25,000, 25,001 to 50,000, 50,001 to 100,000, 100,001 to 250,000, >250,000); and on the basis of revenue source (entry fees and ticket sales, food and beverages, merchandising, advertising, others).

As per the forecast of Future Market Insights, revenue from the arcade studios FEC type segment will increase from US$ 6,081.9 Mn in 2017 to US$ 21,131.4 Mn by 2027 end, representing a CAGR of 3% from 2017 to 2027. Future Market Insights forecasts revenue from the teenagers (12-18) visitor demographics segment to increase from US$ 6,083.8 Mn in 2017 to US$ 21,951.7 Mn by 2027 end, representing a CAGR of 7% from 2017 to 2027. The >40,000 Sq. ft. segment by facility size is expected to represent incremental opportunity of US$ 11,792.9 Mn between 2017 and 2027. Future Market Insights projects revenue from the <25,000 attendance per day segment to increase from US$ 2,142.2 Mn in 2017 to US$ 7,082.2 Mn by 2027 end, representing a CAGR of 7% from 2017 to 2027. The merchandising segment by revenue source is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 13.5% during the period of study.

Global Family/Indoor Entertainment Centres Market: Regional Forecast

Future Market Insights tracks the performance of the global family/indoor entertainment centres market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and MEA. In terms of value, North America is projected to be the most attractive in the global family/indoor entertainment centers market during the opportunity assessment period. The APEJ market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, the APEJ market is expected to expand at a CAGR of 13.7% during the Opportunity Assessment period. In 2017, the family/indoor entertainment centres market in North America is estimated to be valued at US$ 6,565.9 Mn and is expected to witness steady growth in terms of revenue throughout the Opportunity Assessment period.

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Diversified gaming and entertainment options available in FECs in North America supporting global market growth

With continuous innovations in technological aspects, family entertainment centres are offering a diversified range of gaming options for their customers. New technologies such as virtual reality gaming, 3D technology, etc. are trending and consumers are preferring modern ways of entertainment over traditional entertainment options. Hence, the availability of a number of options for gaming is driving the growth of the family entertainment centres market especially in the North America region over the forecast period.

Global Family/Indoor Entertainment Centres Market: Vendor Insights

The report profiles some of the leading players operating in the global family/indoor entertainment centres market such as Dave & Buster’s Inc., CEC Entertainment, Inc., Main Event Entertainment, Legoland Discovery Center, Scene 75 Entertainment Centers, Gatti’s Pizza Corporation, Bowlmor AMF Corporation, Nickelodeon Universe, Lucky Strike, Smaash Entertainment Pvt. Ltd., Amoeba Services, Funcity, Time Zone Entertainment Pvt. Ltd., Tenpin, Kidzania, Bandai Namco Entertainment, Toy Town and The Walt Disney Company.

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