Barcode Scanner Market is expected to grow at a CAGR of over 7.6% between 2021 and 2031

As per newly released data by FMI, the barcode scanner market is estimated to be worth US$ 7 Bn in 2021. The market is expected to grow at a CAGR of over 7.6% between 2021 and 2031. Increase in healthcare sector is expected to increase the demand for barcode scanners over the assessment period.

Despite challenges posed by COVID-19 outbreak, the barcode scanner demand increased with a rapid shift from handheld laser scanning to imaging solutions.

North America will remain as a leading market, accounting for over 30% value share in 2021. Barcode scanner demand outlook for North America is expected to remain positive, with the healthcare sector touted as a leading contributor.

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Currently, barcode solutions are being used across various domains owing to their exponential capabilities in systematically recording information such as product count, date of manufacturing, date on which the product was supplied to the retailer and selling price. The emergence of e-commerce and intra-regional markets that offer specialised services to a wide range of sectors has further expanded its application base.

Future Market Insights (FMI) in its latest report titled “Barcode Scanner Market: Global Industry Analysis and Opportunity Assessment, 2021–2031” reveals that use of barcode technology is rapidly rising in both retail and manufacturing industries. Barcode scanners have become one of the best solutions for recording product information, making no major manual effort.

The technological advantages and innovative features of barcode scanners are also making them popular in the healthcare industry. Barcode technology can help rectify medication errors, medical practitioners and physicians can easily get information about medicines and their manufacturing dates.

The report further cites that the global barcode scanners market will account for about US$7 Bn by 2031-end. During the same duration, the market is also expected to reflect a CAGR of 6.4% in terms of volume, reaching 38.7 Mn units over 2031-end.

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Market segmentation

By Product Type

  • Portable/Handheld
    • Rugged Scanners
    • PDA Scanners
    • Automatic Readers
    • Others
  • Fixed Position
    • Stationary Scanners
    • Presentation Scanners
    •  Automatic Readers
    • Others

By End Use

  • Retail & Commercial
  • General Manufacturing
  • Healthcare
  • Logistics & Warehouse
  • Commercial Aviation
  • Defence
  • Others

By Technology

  • Pen Type Reader
  • Laser Scanner ‘s
  • CCD (Charge-Coupled Device) Readers
  • Camera Based Reader
  • Omni Directional Barcode Scanner ‘s
  • Smartphone Based Scanner
  • RFID (Radio Frequency Identification Technology

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

Additional Highlights of the report Include:

Laser-based scanner is expected to remain as the prime technology. Laser scanners are widely used in regions with established manufacturing and retail sectors, such as Western Europe and North America. By the 2021-end, laser scanners are estimated to accounts for 32.3% revenue share of the market and will continue to be the most preferred barcode reader technology throughout the assessment period.

However, camera-based reader is expected to see the fast adoption as these scanners are innovative and configured with advanced 2D imaging technology. Based on product type, portable/handheld scanners are expected to remain top choices of barcode scanners amongst consumers over the forecast period.

Owing to characteristics such as faster print speed and versatility, demand for portable/handheld barcode scanners is rapidly increasing in various parts of the world. Use of barcode scanners in the retail and commercial sector continues to be the highest and is expected to account for a major chunk of revenue over the forecast period. Meanwhile, the healthcare industry is swiftly adopting the barcode technology as well.

Amongst regions, markets in Asia Pacific excluding Japan (APEJ) and North America are expected to exhibit high growth potentials. In APEJ, China and India are projected to achieve impressive growth of their barcode scanner market. By 2017-end, the region is projected to account for a revenue share of 29.5%, which is expected to increase to 33.8% towards the end of the forecast period.

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Market players are targeting APEJ as their key sales region.  

About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry.

Power Tools Market | Present Scenario and outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021-2031.

The global power tools market is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. As per Future Market Insights (FMI) analysis, the global power tools market is expected to reach US$ 33.36 Bn in 2021.  The demand is expected to soar as construction activities surge around the world. According to FMI, construction applications will account for maximum sales in the market through the forecast period. Besides this, the rising trend of do-it-yourself activities will fuel sales opportunities for the market.

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The COVID-19 pandemic has severely affected the global economy. Resulting in manufacturing plants shutdowns, coupled with supply chain disruptions owing to nationwide lockdowns across the globe, subsequently resulting in the plunge in the power tools market growth. However, the market is expected to recover sharply as the economic activities resume post the containment of the pandemic. Manufacturers are focusing on scaling up their production capabilities with improved production rates creating positive prospects for the power tools market growth.

Key Takeaways of Global Power tool Market Study

The power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3% Overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031. U.S. is expected to spearhead growth in North America, accounting for over 62% of the overall share in the region in 2021 U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031 Outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end-use industries. Key industry participants are focusing on developing partnerships with regional distributors to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

Global Power tool Market Competitive Landscape

The global power tools market is a highly competitive market owing to the presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain a competitive edge. Some of the leading manufacturers of the power tool market are Robert Bosch GmbH, Stanley Black & Decker Inc., Makita Corporation, Techtronic Industries Company Limited, Koki Holding, Co., Ingersoll Rand Inc., Apex Tools, Hilti Corporation, Snap-on Incorporated, among others.

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Valuable Insights into Global Power Tools Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global power tools market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power tools market based on backing product type (drilling tools, fastening tool, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench, circular saw), technology (electric and pneumatic), application  (manufacturing, MRO services, DRO, construction), and sales channel (offline and online) across six regions (North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa).

Scope of the Report

Attribute Details Forecast Period 2021-2031 Historical Data Available for 2016-2020 Market Analysis USD Million for value and Units for Volume Key Regions Covered North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa Key Countries Covered US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa Key Segments Covered Product Type, Technology, Application, Sales Channel, and Region Key Companies Profiled Robert Bosch Power Tools GmbH Stanley Black & Decker, Inc. Makita Corporation Hilti Corporation Atlas Copco AB Techtronic Industries Company Limited Snap-on Incorporated Actuant Corporation Husqvarna AB Illinois Tool Works Panasonic Corporation Hitachi Corporation Ingersoll Rand, Inc. Enerpac Tool Group Kyocera Corporation Apex Tool Group Ridgid Tools Koki Holdings Co., Ltd. Report Coverage Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offers comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery used across the manufacturing sector. The team also conducts distinctive analyses about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as a budding industry

Flooded Battery to Remain Top Choice across Industries, Accounting for 49.0% of Global Lead Acid Battery Market Sales in 2021: FMI

The global sales of lead acid battery are set to be valued at over US$ 54.3 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report has forecast the market to expand at over 5.2% CAGR between 2021 and 2031.

According to the market analysis by Future Market Insights, expansion of automotive production facilities to cover rural and other remote areas has led to the increasing demand for lead acid battery. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

Demand for lead acid battery is increasing with the rise in the volume of vehicle fleet in recent years. This can be attributed to an increase in aftermarket sales in regular interims for battery replacement.

The growing requirement has led to mass production and has increased importance of process automation in the lead acid battery market. The market is shifting towards industry 4.0 s, leading to the universal adoption of new production technologies.

There also is an increasing demand from other industries for deployment of lead acid battery. Increasing number of players focusing on research and development related to lead acid battery is anticipated to have a significant contribution towards market growth in the years to come.

Global Lead Acid Battery Market

Key Takeaways from Lead Acid Battery Market Study

  • Flooded battery is projected to hold over 49% of the global market share in 2021 in terms of product type, supported by superior configurations.
  • Transportation is projected to hold over 56% of the overall market share as leading segment in terms of application by 2031-end, supported by increasing investments in electric vehicles production.
  • China will remain a chief market, backed by rising demand from the automotive industry. It is expected to account for over 57.3% of demand registered in East Asia in 2021.
  • The markets India is set to surge at around 6% CAGR over the next ten years.
  • Germany is emerging as a key market in Europe, accounting for over US$ 2,509.4 Mn in 2021, driven by expansion of the automotive industry.

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“The lead acid battery market is growing at a strong pace, driven largely by increasing demand for energy efficient solutions across automotive sector. The increasing demand for electric vehicles will create extensive opportunities for manufacturers. Key industry participants have been focusing product diversification to offer energy efficient solutions and gain a competitive advantage,” says a Future Market Insights analyst

Global Lead Acid Battery Market Competitive Landscape

The lead acid battery market is highly competitive at regional as well as global levels, and highly consolidated in nature. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Furukawa Electric Co., Ltd., Narada Power Source Co. Ltd., Clarios, Leoch International Technology Ltd., Enersys, Exide Industries Ltd., GS Yuasa Corporation, East Penn Manufacturing Co., Chaowei Power Holdings Limited., and others.

Global Lead Acid Battery Market Scope of Report

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis USD Million for Value
Key Countries Covered US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, ASEAN Countries, Australia & New Zealand, GCC Countries, Turkey, and South Africa
Key Segments Covered Product Type, Application, Sales Channel and Region
Key Companies Profiled Furukawa Electric Co., Ltd.Hitachi Chemical Company, Ltd.Narada Power Source Co. Ltd.SiteTel Sweden AB (NorthStar)ClariosLeoch International Technology Ltd.Yokohama Batteries Sdn. Bhd.EnersysExide Industries Ltd.GS Yuasa CorporationHoppecke Batterien GmbH & Co. KG.Crown Battery CorporationC&D Technologies, Inc.Coslight Technology International Group Co. Ltd.East Penn Manufacturing Co.Chaowei Power Holdings Limited.Zhangzhou Huawei Power Supply Technology Co., Ltd.B. B. BatteryCamel Group Co., Ltd.Shandong Sacred Sun Power Sources Co. Ltd.
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Find More Valuable Insights in Global Lead Acid Battery Market

The research report analyzes demand for Lead Acid Battery. The global Lead Acid Battery market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of product type, power source, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand factors.

About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

Over 60% of Hand Tools Sales to Concentrate in Industrial Applications: New Study

The proliferation of do-it-yourself (DIY) culture owing to the rising labor costs in developed countries such as the UK, U.S., and Germany is anticipated to play a pivotal role in increasing the demand for hand tools. A study by Future Market Insights (FMI) has predicted the global hand tools market to reach  ~US$ 25.6 Bn by the end of 2031, growing at a CAGR of 3.9% over the forecast years (2021-2031).

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Customers have been increasingly adopting self-help approaches to modify and repair their homes. Furthermore, the primary factor driving the growth of the hand tool market is the increasing use of hand tools in the automotive industry for repair & maintenance purposes. Moreover, the increase in the use of hand tools in industrial applications is another driver of overall hand tools market growth.  As per FMI, the industrial segment will account for over 60% of hand tools sales through the course of the report’s forecast period.

Key Takeaways of Hand Tools Market Study

  • After recording negative growth in 2020 amid COVID-19, 2021 will be a year of recovery for the market, as it is forecast to exhibit over 3% Y-o-Y growth
  • The U.S. will remain a highly lucrative market, accounting for 80% of hand tools sold in North America
  • Within Europe, the U.K. will emerge as an important market, exhibiting a little above 3% Y-o-Y growth in 2021
  • Germany and France also will record consistently rising demand for hand tools through the forecast period
  • South Korea and Japan will emerge as attractive markets for sales in East Asia

“The hand tools market has been exhibiting consistent growth, despite temporary lull witnessed amid COVID-19. Factors such as the rapidly growing urbanization in developing economies and the adoption of technologically sound and innovative hand tools have been encouraging market players to focus on innovations. Moreover, increase in practice of DIY activities is expected to create positive prospects for hand tools market growth over the forecast period,” said a lead analyst at FMI.

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According to FMI, the market for hand tools is growing primarily due to the versatile features of hand tools such as the reduced size of the tool kit, maintenance & weight, and the increasing preference for multiple tools for multiple applications across various industries. Increasing customer preference towards DIY activities to surge the hand tools market globally.

Furthermore, high cost of maintenance and repair services for auto parts has created an urge among customers to execute do-it-yourself activities on their vehicles for short-term maintenance & repair. This has provided the manufacturers tremendous potential to manufacture hand tools and launch new & innovative products in the market.

Who is winning?

The hand tools market is a very competitive owing to presence of large number of small and medium sized manufacturers in the market. Leading manufacturers are gradually concentrating on positioning innovative technologies to design hand tools to improve the operating efficiency of commercial and industrial facilities. There is a fair amount of emphasis on innovation. Businesses functional in the hand tools market seek strategic collaborations with regional end-users and distributors to meet the needs of a growing consumer base.

Some of the leading players operating in the market are

  • Stanley Black & Decker, Inc.,
  • Snap-on Incorporated,
  • IDEAL INDUSTRIES, INC.,
  • Apex Tool Group,
  • KLEIN TOOLS INC.,
  • Emerson Electric Co.,
  • Akar Tools Limited,
  • Channellock, Inc.,
  • JK Files (India) Limited,
  • Kennametal Inc.,
  • Wera Tools

Hand Tools Market by Category

Product Type

  • General Purpose Tools
  • Metal Cutting Tools
  • Layout & Measuring Tools
  • Taps & Dies

Application

  • Industrial
  • Household and DIY

Sales Channel

  • Online Sales
  • Retail Sales
  • Distributor Sales

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • MEA
  • Japan

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About the Report:

Future Market Insights, in its new report, offers an unbiased analysis of the global hand tools market, analyzing historical demand from 2016-2020 and forecast statistics for 2021–2031. The study reveals growth projections on the hand tools market on the basis of application (industrial and household & DIY), product type (general purpose tools, metal cutting tools, layout & measuring tools, and tapes & dies), and sales channel (online sales, retail sales, and distributor sales) across six key regions.

Commercial Refrigeration Equipment Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2021

Witnessing an uptick of 3.4% over 2018, the worldwide sales of commercial refrigeration equipment will exceed revenues worth US$ 46 Bn by 2019 end. As indicated by a recent research study of Future Market Insights (FMI), the market for commercial refrigeration equipment will progress at a moderate CAGR over 2019 – 2029. The demand would be prominently driven by greater production of F&B goods and a preferential shift of consumers towards quick service restaurants (QSRs), at a global level.

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Sustainable and energy-efficient refrigeration systems are set to become a norm across the end-use industries, which should compel manufacturers to increase their investments in R&D and product innovations. Leveraging energy-efficient technologies to offer low global warming potential (GWP) products with rich functionalities will be the ticket to capturing significant market share in the long run.

COMMERCIAL REFRIGERATION EQUIPMENT MARKET KEY TAKEAWAYS

  • Growing demand for ready-to-eat products and expanding retail outlets are driving the sales of commercial refrigeration equipment.
  • North America and Europe would collectively account for over half of the market value share by 2029 end.
  • The food services sector will remain prominent application area to invest in, for commercial refrigeration equipment market players.
  • The enforcement of new refrigerant regulations such as the EPA 680 Upgrade, and the Kigali Amendment for the phase-down of HFC refrigerants will largely impact the market growth.
  • The higher average unit cost of freezers & refrigerators allude lower volume sales vis-à-vis value gains, with just about 2.6 million unit sales in 2018.
  • Glass door merchandizers that account for around a third of total volume sales continue to see relatively low revenue generation as compared to freezers & refrigerators.
  • Sales of beverage dispensers and display cases across end-use industries will show a moderate increase year-over-year in 2019, which will collectively represent nearly 16% of total commercial refrigeration equipment sales in that year.

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Manufacturers who are keeping the innovation quotient high and providing turn-key solutions to meet regulatory requirements, with safety to end users at the core, will be rewarded in the long run.

Chinese Players Striving to Win Home Market​

In developed markets, rapid acceptance of alternative refrigerants to benefit from regulatory standards along with expansion of F&B processing industries continue to contribute to the development of the commercial refrigeration equipment market. The growth of Asia Pacific’s commercial refrigeration equipment market was influenced by a shift of Asian eating habits towards western-style convenience food. With the ability to manufacture their own compressors, Chinese companies are gaining competitive edge to reign supreme in their home market with indigenous brands.

Competition Trends

In 2018, the top four stakeholders including Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, and Hussman Corporation collectively accounted for 20-25% revenue share. The emergence of a large number of small players in developing countries has resulted into price competition, with leading market players losing their profit margins. Market fragmentation will continue through 2029, driven by regional regulatory norms and enhanced capabilities of the local players.

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Learn More About What the Report Covers

This FMI report is an extensive analysis of the global commercial refrigeration equipment market that offers actionable insights on how the market growth will unfold over the forecast period, 2019 – 2029. The market for commercial refrigeration equipment has been categorized into various segments, for analysis, on the basis of the type of refrigeration equipment, application area, and region. The study provides valued information on key competition trends and most preferred developmental strategies of leading market brands

MOPP Packaging Films Market : What Are The Main Factors That Contributing Towards Industry Growth?

The global MOPP packaging films market revenue totaled US$ 204.7 Mn in 2020, according to ESOMAR-certified consulting firm Future Market Insights (FMI). With a favorable demand outlook, the global MOPP packaging films market is expected to reach US$ 367.7 Mn by 2031, growing at a CAGR of 5.2% over the forecast period.

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Sales of MOPP packaging films were dampened due to the outbreak of COVID-19 pandemic. However, with expedited vaccine drives and improvements in supply chains, FMI projects steady recovery of the market in 2021, growing at a 4.7% CAGR by volume.

Increasing applications of MOPP packaging films in manufacturing of tapes, wraps and labels is driven by their superior benefits such as high tensile strength and tear resistance.

Not only MOPP packaging films have beneficial mechanical properties, but they are visually appealing and contribute to a product’s aesthetic appeal, becoming an ideal choice of primary and secondary packaging solutions.

MOPP Packaging Films Market by Category
By Thickness:
Below 30 microns
30 to 60 microns
Above 60 microns

By Application:
Labels
Tapes
Wraps
Laminates

By End Use:
Food
Beverages

Growing preference regarding eco-friendly packaging alternatives is encouraging advancements in MOPP packaging films market. These films are made from a single material and have high recycled value. As a result, increasing adoption of sustainable solutions in the packaging industry to comply with environment protection initiatives will continue driving sales of MOPP packaging films during the forecast period.

As per FMI’s in-depth regional analysis, the U.S. is projected to dominate the North America MOPP packaging films market. Growth can be attributed to the presence of several key market players in the country and high demand from the pharmaceutical and foodservice industries.

“Market players are currently focusing on product innovations to offer greater sustainability. Besides this, emphasis on research initiatives is expected to increase as companies aim at offering customized packaging solutions for specific industries,” says the FMI analyst.

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Key Takeaways:
By thickness, above 60-micron MOPP packaging films segment is projected to grow at a 5.6% CAGR through 2031.

Based on application, the labels segment is expected to hold 38.6% of the total MOPP packaging films market share in 2031.

Sales of MOPP packaging films in the food industry are projected to expand at a CAGR of 5.6% during the forecast period.

The U.S. is anticipated to emerge as a lucrative market, accounting for 86.2% of sales in North America by 2031.

Germany is projected to hold 15.8% of the Europe MOPP packaging films market by the end of 2031.
India will continue exhibiting high demand for MOPP packaging films over the forecast period, holding 48.7% of the South Asian market share.
North America and Europe currently hold over 53.6% of the total MOPP packaging films market owing to presence of well-established packaging films industry.

Growing Preference for Post-Consumer Recycled and Easily Recyclable Plastic Packaging Products to Drive MOPP Packaging Films Sales

Traditionally, it was not possible to manufacture high-quality packaging films from completely recycled products, but with advancements in technology standard, quality packaging films can be made completely using recycled raw material.
This is gaining popularity among a lot of manufacturers, as it helps in significantly reducing the carbon footprint of manufacturers, besides helping them to woo consumers showing inclination for sustainable packaging solutions.

Post-consumer recycled plastic is gaining a lot of traction as it is not only environmentally friendly but also comparatively affordable. The use of recycled plastic decreases the demand for the manufacturing of new plastic resins, which reduces the consumption of energy and fossil fuels compared to the requirement for the manufacturing of virgin plastic.

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MOPP packaging films are highly recyclable as they are made from a single material and has great value after recycling. As a result, several manufacturers like Monta Klebebandwerk GmbH and Nowofol Kunststoffprodukte GmbH & Co. KG are expanding their product portfolio with post-consumer recycled MOPP packaging film products

Glassine Paper Market 2021 – Research Activities, Technology Adoption and Industry Statistics Analysis Till 2031

The global glassine paper market is fragmented in nature with the presence of key market players in the U.S., Germany, Italy, China, and Japan. The glassine paper market is anticipated to offer lucrative opportunities to new entrants for expansion in developing nations such as India, Brazil, Malaysia in the upcoming years.

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Increasing demand for glassine paper for convenience products in the food industry will improve sales prospects in Japan and the Middle East.. Low production costs, cheap labor and easy availability of raw materials are encouraging market players to expand their production facilities in Asian countries.

As per FMI, Brazil is projected to emerge as an attractive market, owing to increasing disposable income and expansion of the food industry in Latin America.

Glassine paper is non-reactant to the food or beverages packed in it, especially the food-grade glassine paper which is made for the safe and hygienic packaging of eatables and drinkables. Moreover, increasing demand for food & beverages is resulting in the high usage of safe packaging materials, which is further augmenting growth of the glassine paper market.

Growing consumer awareness regarding quality and safety of food and beverages is bossting demand for safe packaging materials. This is anticipated to continue fueling sales of glassine paper during the forecast period.

Glassine Paper Market- Key Takeaways
Based on material type, unbleached glassine paper segment is expected to offer total incremental opportunity of US$ 766.4 Mn during the assessment period.

In terms of application, cups and wrappers segment is projected to hold 27.5% of the global glassine paper market share, while the tapes and labels segment is projected to create an incremental opportunity of US$ 444.1 Mn.

By end use, printing and publication segment is expected to exhibit a 6.2% CAGR through 2021. Pharmaceutical segment is expected to attract an incremental opportunity of US$ 440.9 Mn in the forthcoming years.

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Emerging markets in East Asia and Latin America are projected to witness high demand for glassine paper, owing to increasing usage in ready-to-eat meals, holding more than 22% of market share by the end of 2021.

“Recycling is a sustainable method to preserve environmental quality and reduce carbon footprint. Recyclability, sustainability and eco-friendliness of glassine paper will continue driving its applications in various end use industries through 2031. Glassine paper market is expected to expand with a YOY growth of 3.9% during the years 2021 – 2022,” says the FMI analyst.

Increasing Sales of Waxed Papers to Fuel Glassine Papers Market Growth
Glassine paper can be used as waxed paper, once coated with wax on its surface. Waxed papers provide an economical choice for primary food packaging not only because of their versatility but also because of their safety as tasteless, odorless, non-toxic, and relatively inert materials.

Applications of waxed glassine paper in conventional packaging applications include: delicatessen pickup sheets; box liners; cover, scale, and utility sheets; patty papers; sandwich wraps; and bags, laminations to other papers and paperboard for food trays, locker papers, carryout cartons, food pails, baking cups, folding cartons, cereal liners, and folding carton overwrap. The varied applications of waxed papers are expected to boost sales of glassine paper in forthcoming years.

Food Packaging Will Continue Spurring Demand for Glassine Paper
The exponential rise of the food industry is being witnessed in all parts of the globe, due to the rise in consumer awareness about the quality of food and safety of the food while it is being delivered to the end user. The demand for safe packaging materials is high.

The growing food delivery chains ensures that the food packaging is non-reactant to the food so that the consumer can enjoy the food without getting any reaction or harm.

Glassine paper is non-reactant to the food or beverages packed in it, especially the food-grade glassine paper is made for the safe and hygienic packaging of eatables and drinkables. Moreover, the high demand for food & beverages is resulting in the high usage of safe packaging materials, which is gradually resulting in the growth of the glassine paper market.

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The key players are estimated to hold 20% to 30% of the total global glassine paper market share.

Glassine Paper Market by Category
By Material Type:
Bleached
Unbleached

By Application:
Cups & Wrappers
Soap Wrapping
Flower Wrapping

By End Use:
Food
Bakery & Confectionery
Ready to Eat Meals
Others (Snacks, etc.)

According to Japan Paper Association, the value of manufactured goods shipments in the pulp, paper and paper products industry in Japan was valued at US$ 68.9 Bn in 2018. This is indicative of bright growth prospects in the Japanese glassine paper market.

The Japanese government is also encouraging paper production and packaging industries to promote ecological development and reduce wastage, which in turn will boost sustainable production and sales of glassine paper.

Automotive Smart Antenna Market Insights, Deep Analysis of Key Vendor in the Industry 2021-2028

Automotive smart antenna is a signal receiving and signal transporting device through which wireless devices, Bluetooth devices, 3G/4G services, and others are connected. The connection may be done via wire or wireless medium. All wireless information pertaining to vehicle’s safety and security depends upon an automotive smart antenna. In conventional vehicles, automotive smart antenna is installed either at the front under glass, metallic roof, spoiler or rear bumper. Whereas, in convertible car, automotive smart antenna is installed on spoiler or deck lid. The convectional automotive antenna is connected to informative devices through cables or wire. While, automotive smart antenna is installed without the use of cables or wire bunch. Thereby, signal loss problem has been diminished.

Automotive smart antenna is considered as the pivotal parts of position location system such as GPS systems which is also an important part of telematics device/system by which vehicle’s location can be easily detected.

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Automotive Smart Antenna Market: Dynamics

The gradual increase in incorporation of wireless technology and positioning technologies such as Wi-Fi, Bluetooth, 3G/4 LTE, vehicle-to-vehicle (V2V) & Vehicle-to-Anything (V2X) connecting technologies are expected to drive the global automotive smart antenna market during the present and forthcoming years in vehicles.  Moreover, the rising awareness pertaining to vehicle’s safety coupled with advent of intelligence vehicles technology and related services are also projected to shape up the global automotive smart antenna market in the coming years. Moreover, rising production, rising fleet of automotive vehicle is also anticipated to hike the first fit and after fit market of automotive smart antenna market over the coming ten years.

Automotive Smart Antenna Market: Key Participant

Some of the market participants in the Automotive Smart Antenna market identified across the value chain:

  • Continental AG
  • Hirschmann Car Communication
  • Laird
  • West Corporation
  • Ficosa Internacional SA
  • STMicroelectronics
  • KATHREIN SE
  • Antenova M2M
  • WORLD PRODUCTS INC.
  • Ace Technologies Corp.

The report covers exhaustive analysis on:

  • Automotive Smart Antenna Market Segments
  • Automotive Smart Antenna Market Dynamics
  • Automotive Smart Antenna Market Size
  • Production, fleet, and sales of Automotive Vehicles
  • Current Trends/Issues/Challenges for Automotive Smart Antenna Market
  • Competition & Companies involved in the Automotive Smart Antenna market
  • New Technology for Automotive Smart Antenna Market
  • Value Chain for Automotive Smart Antenna Market

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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 Smart Antenna Market: Segmentation

Global automotive smart antenna market can be segmented by frequency, by component, by vehicle type, and by sales channel:

By Frequency, Automotive Smart Antenna Market can be segmented as:

  • Ultra High Frequency
  • Very High Frequency
  • High Frequency

By component, automotive smart antenna market can be segmented as:

  • Antenna
  • Tuner
  • Transceivers

By Vehicle Type, automotive smart antenna market can be segmented as:

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Battery Electric Vehicle
  • Hybrid Electric Vehicle
  • Plug-in Hybrid Vehicle

By Sales Channel, Automotive Smart Antenna Market can be segmented as:

  • Original Equipment Manufacturer (OEM)
  • Original Equipment Supplier (OES)
  • Independent Automotive Manufacturer (IAM)

Report Highlights:

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

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Industrial Chemical Packaging Market Foreseen to Grow Exponentially Over 2031

The industrial chemical packaging market is projected to expand at a steady pace, registering growth at 4.0% CAGR between 2021 and 2031, as per the a survey conducted by Future Market Insights.

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Industrial Chemical Packaging Market Landscape
Some of the key players dominating the global industrial packaging market are ProAmpac, Tote Systems International, LP, US Display Group, Myers Industries, Inc., Assmann Corp. of America, DENIOS Ltd., Hoover CS, Segezha Group GmbH, CLA Containers, Greif, Inc., RIKUTEC Group, Müller Group, Knack Packaging Private Limited, Mauser Group B.V., PVN Fabrics Pvt. Ltd., Time Technoplast Ltd., Pyramid Technoplast Pvt Ltd., Tripura Containers Private Limited, East India Drums & Barrels Mfg. Co and Schuetz GmbH & Co. KGaA.

Due to the unprecedented outbreak of COVID-19, restrictions imposed by regulatory authorities have negatively impacted the sales of industrial chemical packaging solutions. However, in the coming years spike in demand for chemicals and growth in international trade of hazardous materials will result in long term growth of the global industrial chemical packaging market.

Development of the latest international trade routes and improvements in supply chain and logistics networks will enable companies to deliver goods across continents in lesser time. These developments will therefore fuel the demand for durable and high-capacity packaging solutions for hazardous chemicals.

Industrial Chemical Packaging Market by Category

By Packaging Format:
Intermediate bulk containers (IBCs)
RIBCs
Up to 800 Litres
800 Litres to 1,250 Litres
Above 1,250 Litres

By Material:
Metal
Steel
Tin

By Chemical Type:
Specialty Chemicals
Paints & Coatings
Adhesives & Sealants

Manufacturers in the industrial packaging industry are adapting to the needs of modern-day markets. Continuous upgrades in production technology are made mandatory for all manufacturers, either small or large to stay competitive in the market.

State-of-the-art leak detecting machinery and advanced testing solutions are designed for making sure the chemical packaging solution is in tandem with international safety standards and complies with weight handling capacity.

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Key Takeaways from Industrial Chemical Packaging Market
Intermediate bulk containers are the most widely used packaging format for safe and easy transportation of industrial chemicals, as these containers are versatile, pallet mounted cost-effective. IBC’s currently account for more than 64% of industrial chemical packaging solutions sold worldwide.

Backed by the presence of the renowned pharmaceutical companies in the country, the U.S. is the largest consumer of chemical packaging solutions. The U.S. market is anticipated to offer incremental opportunities worth US$ 4.4 Bn over the next decade.
Recyclable and re-usable features make plastic preferred material in the industrial chemical packaging market. It is expected to account for over 40% of packaging solutions produced over the forecast period.

After witnessing slight decline in FQ-20, Germany market is expected to register a y-o-y growth of almost 4% in the year 2021.

Specialty chemicals segment will offer incremental opportunity of US$ 36.5 Bn between 2021 and 2031.

“Meteoric rise in demand for advanced packaging solutions for hazardous materials, due to the implementation of stringent international safety standards for storage and transportations of harmful chemicals is pushing the demand for advanced leak-proof packaging products,” says FMI analyst.

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Sustainability to be a Key Concern for Top Manufacturers
Increasing global pollution has compelled key players of the packaging industry to use eco-friendly raw materials, which are recyclable or offer re-usability. Along with that, manufacturers need durable materials to provide strength to the industrial chemical packaging solutions, which can carry heavy weight.

Metallized PET Cartons Market Comprehensive Analysis, Development Strategy, Future Plans and Industry Growth with growth of 4.7% CAGR by Forecast 2031

Global metallized PET cartons market is expected to surpass US$ 276.8 Mn through 2031. Driven by the increasing application in pharmaceutical industry and packaging sector, sales are set to grow at 4.7% CAGR, reaching a shipment of 146,042 tons in 2031.

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Metallized PET is replacing aluminium coating on cartons as it is characterized by higher tensile strength. The metalized PET carton also holds flexible rigidity unlike cartons made of aluminium coating the packaging doesn’t wrinkle because of the composite material that is produced by the vaporization of the metal. This would give the packaging a more presentable look.

The extremely fine metal coating of the metallized PET cartons changes the electrical conductivity opening up possibilities for it to be used as food packaging. This property of absorbing energy and exhibiting heat makes food item such as frozen foods, curry, noodles and many others ready to be heated in an oven as they contain low water content.

Sustainability has become a necessity and a crucial factor for leading players in packaging industry. Manufacturers are focusing on high quality barrier packaging which is expected to spur the sales of metallized PET cartons.

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Metallized PET Cartons Market by Category

By Material Type:
Polyethylene Terephthalate (PET)
Aluminum
Paperboard

By Finishing:
Printed
Non-printed

By End Use:
Food & Beverage
Milk
Yoghurt & Buttermilk
Fruit Juice
Carbonated Soft Drinks

Key Takeaways from Metallized PET Cartons Market:
The demand for polyethylene terephthalate (PET) in the packaging industry has increased exponentially in past few years. This segment is expected to create incremental opportunity of US$ 53.2 Mn over the next decade.

Metallized PET cartons that are printed is gaining significant traction among end users. This segment is forecasted to increase by 394 bps of current market share and reach up to 63.5% in 2031.

Increasing pharmaceutical packaging have increased the demand in the packaging industry. This segment is forecasted to expand 1.7 times the current market shares during the forecasted period.

Across the globe, consumption of Metallized PET Cartons is expected to remain high in the Asia Pacific countries and the European countries, due to the presence of key players of the market and also the availability of technological advancement owing to innovative packaging.

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Impact of COVID-19 on Metallized PET Cartons Market :
The decline in the manufacturing sector, foodservice demand, disruptions in the supply chain, higher input costs, created an obstacle for the businesses to generate income through profits. Although the reopening of business will increase labour productivity and usage of more products which in turn anticipates a steady growth of metallized PET cartons in the forecasted period.