Painting Robots Market Will Register Growth At 10.1% CAGR In 2021-2031: FMI Study

[350 Pages Report] Global painting robots market to exhibit year-on-year (YoY) growth of 8.3% to total US$ 2.9 Bn in 2021. As per the study, the demand for robotic arms will increase by 8.8% CAGR between 2021 and 2031, giving tailwinds to the painting robots market growth.

Overall sales of painting robots will grow by 10.1% CAGR between 2021 and 2031. East Asia and Europe are likely to account for over half of global demand for painting robots through 2031.

Driven by high demand in the U.S., Germany, and Japan, the painting robots market is expected to represent nearly 7% of the global industrial robots industry in 2021.

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Painting Robots Market – Sales in 2016 to 2020 Vs Projections for 2021 to 2031

Between 2016 and 2020, the global painting robots market size expanded at a CAGR of over 2.4%. The robots market is complicated, with a wide range of possibilities. Organizations are providing value to the market by focusing on certain end applications, supplying various types of robots, modules, subsystems, tools, or providing services.

Dedicated supply chains, design services, and research and development organizations have seamlessly worked over the years to provide optimum solutions to end-users. An important step in analysing the potential for robotics and painting robot technology is to provide a consistent categorisation of the potential in each type of market.

In the coming years painting robots market will continue gaining from application across diverse industries, from transportation to construction. Steered by this, the market will register growth at 10.1% CAGR in 2021-2031.

Key Market Segments Covered

By Type:

  • Pedestal Robots,
  • Robotic Arms,

By Payload:

  • Upto 5 Kg,
  • Upto 15 Kg,
  • Upto 45 Kg,

By Function:

  • Painting
    • Waterborne,
    • Solventborne,
    • UV Cured,
  • Painting, Spraying & Coating

By Reach:

  • Upto 1,000 mm
  • Upto 1,500 mm
  • Upto 2,000 mm
  • Upto 2,500 mm
  • Upto 3,000 mm

By Configuration:

  • 6 Axis
  • 7 Axis

By Application:

  • Atomizer
  • Air Gun

By End Use Sector:

  • Transportation
    • Automotive
    • Railways
    • 2 & 3 Wheelers
    • Aerospace
  • Consumer Appliances
  • Foundry & casting
  • Furniture
  • Textiles
  • Construction
  • Heavy Engineering Equipment
  • HVAC & Refrigeration
  • Sanitaryware
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia-Pacific
  • Middle East & Africa

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Painting Robots Market – Competitive Landscape

Painting robots market is highly consolidated with the top players holding nearly 75-80% of the global market share. The market participants are vying to expand their geographical footprints and working closely with automotive OEMs.

  • In Aug 2021, Mexico, Dürr AG developed a high-tech paint facility for Ford Motor Company in order to handle a new car that Ford will be constructing. Dürr built the full paint shop, including low and high viscosity material supply systems, robotic paint and sealer application equipment, and other process automation technology.
  • In April 2021, Kuka AG signed a 100 year partnership with Daimler automotive group. The collaboration will enable the automotive company to use all of Kuka’s products and solutions at various locations.

Painting Robots Market – Category-wise Insights
Which is the Top-selling Painting Robots Type?
Robotic arms are expected to account for 60% of the global painting robots sales. Precision and accuracy are two of the most important advantages of a robotic arm in the workplace.

Robots follow their programming exactly, with no variations, resulting in higher precision and accuracy. Robotic arms help companies expand their production capacity. They also work more quickly and precisely than any human employee. As a result, they will be capable of producing more each hour than anyone else.

Which payload offers maximum benefits to painting robots?
The payload upto 5 kg offers maximum benefits to end-users because although they have restricted capabilities due to lower payload and slow operation, which makes it difficult to manage complicated functions, these have been quite popular in recent years of industrial applications. The segment is expected to create an absolute dollar opportunity of USS 1.93 Bn from 2021-2031.

Why is Demand for 7 axis painting robots high?
Any precision manufacturing organization wishing to enhance the number of tasks a single robot can execute should consider a 7 axis configuration. In industries such as machine tool automation, appliance and electronic manufacturing, and automotive production, they can also be integrated into current six-axis robot systems. This segment is expected to create an absolute dollar opportunity of US$ 2.8 Bn from 2021-2031.

Why are atomizers preferred over air-guns?
The atomizer segment is expected to create an absolute dollar opportunity of US$ 2.43 Bn from 2021-2031. Today’s atomizers are sensor-equipped, allow real time smart diagnostics, and ensure zero-quality defects. Atomizers in modern factories have helped to improve the paint-line operation rate. This provides an added advantage over air guns.

Which function makes most value from painting robots?
The painting, spraying and coating segment is expected to create an absolute dollar opportunity of US$ 2.35 Bn from 2021-2031. Painting robots which can altogether perform a multitude of functions are being preferred over just painting.

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What is the preferred ‘reach’ requirement from Painting Robots?
The extended reach of robotic arms which covers upto 3,000 mm distance is expected to rise at nearly 13.5% CAGR over the forecast period. The lon reach provides numerous degrees of freedom, can occupy various types of payloads and perform highly maneuverable functions.

Who is the leading end user of painting robots?
The transportation sector is expected to create an absolute dollar opportunity of US$ 2 Bn from 2021-2031. Painting Robots are used in automotive, railways, 2&3 wheelers and aerospace. In automotive industry, noteworthy rise in passenger vehicles and buoyant private sector activity will positively impact the painting robots market.

Floor Cleaning and Mopping Machines Market: Global Industry Analysis and Opportunity Assessment; 2017 – 2027 : FMI

Floor Cleaning and Mopping Machines Market: IntroductionFloor cleaning machines are automatic or semi-automatic machines that are designed and programmed to clean floors, rugs and carpets with different methods, such as suction, scrubbing and others. Commercial and residential buildings and individual households are the potential customers globally for the floor cleaning and mopping machines market. Depending on the floor type, the floor cleaning and mopping market offers different types of machines, which can be classified into two types, namely professional moping and cleaning equipment and consumer moping and cleaning equipment. 

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Floor Cleaning and Mopping Machines Market: Dynamics

With development and upgrades in technology, automatic and semi-automatic floor cleaning and moping machines have gained steady traction as compared to manual floor cleaning machines. Floor cleaning and mopping machines have a sizeable application across many industries, such as chemical, food and beverage, healthcare, commercial and residential buildings and others.

Commercial and residential buildings, entertainment malls and the food and beverage sector contribute the most to the global floor cleaning and mopping machines market. To mitigate infections and germs in the healthcare industry, there is a constant need to keep the floors clean and disinfected, which in turn is giving impetus to the floor cleaning and mopping machines market. Also, strict government rules and regulations to ensure top notch cleanliness in industries drive the floor cleaning and mopping machines market.

Automatic cleaning and mopping machines have low noise levels, are ergonomic and easy to use and conserve water; hence, there is a huge demand, especially in the healthcare sector and in commercial buildings. Also, as cleaning is a repetitive task, automatic cleaning and mopping machines reduce the labor required and thus decrease the manual labor cost. Therefore, these factors will boost the overall market growth of floor cleaning and mopping machines.

However, there are also many factors that are restrain the growth of the floor cleaning and mopping machines market. For instance, floor cleaning and mopping machines are expensive with high maintenance and repairing costs and a number of upgrades and extra spare parts add extra costs, which makes these machines economically less feasible. Also, the floor becomes slippery and could cause accidents, if over buffed.

Floor Cleaning and Mopping Machines Market: Regional Overview

North America dominates the cleaning and mopping machines market, owing to the growing number of institutional and office buildings, skyscrapers and underground structures. During the forecast period, the APEJ region is expected to occupy a greater market, especially China, India and other South East Asian countries, owing to the growth in economic capabilities and huge investments by governments and private sectors in expanding residential and commercial buildings. The Mid-East and Africa region is expected to register a steady growth rate, due to the growing residential and non-residential construction markets, which can be further attributed to the increase in disposable income and improving economy conditions in the region.

Floor Cleaning and Mopping Machines Market: Market Participants

Examples of some of market participants identified in the floor cleaning and mopping machines market are:

  • Bortex Industries
  • Denis Rawlins
  • Hako Group
  • Tennant Company
  • Wiese
  • Alfred Karcher GmbH & Co. KG
  • Clemas & Co.
  • Eureka S.p.A. Unipersonale
  • Nilfisk Group
  • Tornado Industries

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

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

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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)

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 in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Floor Cleaning and Mopping Machines Market: Segmentation 

On the basis of end user industry, the floor cleaning and mopping machines market can be segmented into:

  • Healthcare
  • Automotive
  • Household
  • Food and Beverage
  • Chemical
  • Commercial
  • Others (E.g. Manufacturing, Retail, etc.)

On the basis of product type, the floor cleaning and mopping machines market can be segmented into:

  • Scrubbers
  • Walk Behind Scrubbers
  • Ride-on Scrubbers
  • Cordless Electric Brooms
  • Robocleaner
  • Vacuum Cleaners
  • Steam Cleaner
  • Hard Floor Cleaner
  • Others (E.g. High Pressure Cleaners, Floor polishers, etc.)

On the basis of method, the floor cleaning and mopping machines market can be segmented into:

  • Scrubbing
  • Buffing
  • Mopping
  • Spray Cleaning
  • Burnishing
  • Others (E.g. Scarifying and Steaming)

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Report Highlights:

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

World Sirens Market Share by 2031: Upcoming Trends and Analysis : Future Market Isnights

Increasing threats and accidents in developing economies have led to a rapid increase in the number of victims and a loss of potential business. Adoption of security solutions, such as sirens is an effective way of tackling these challenges. Motorized sirens are used for home security, whereas long range sirens are suitable for mining and industrial applications. Hand operated sirens are used when no power supply is available or when backup is required. Other sirens are hydraulic or air driven and mostly find applications in plants and factories. Lithium batteries have replaced alkaline batteries in sirens now, since lithium batteries need not be replaced for several years.
Modern sirens use latest technologies and find applications in civil defense, emergency vehicles, security systems and others. Typically, sirens are made of stainless steel, aluminum or UV stabilized polycarbonate to avoid corrosion and are equipped with protection cages. An LED flashing siren has a light source with a semi-permanent lifespan and it is used in places where bulb replacement is a problem.
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Some additional features of sirens include a solar panel upgrade system to keep the batteries charged and a number of digital communication methods, including Ethernet, satellite, IP, fiber optic and others. Sirens have conformal coatings on their electronics, which help protect them against harsh environments. Some of the systems are made in such a way that they can be expanded or scaled depending on future capabilities. Omni-directional sirens can be used in areas of high noise levels and those with large population densities as they provide a greater area of coverage. Sirens have external controls with triggers, which can be customized according to needs. The lightening types of sirens include bulb revolving, LED flashing and xenon lamp strobe. The loud speakers in sirens are adopted from latest piezoelectric ceramic technology.
Sirens Market: Dynamics 

Rising population and rapid urbanization have led to an increase in demand for security solutions. The need for implementation of security has paved way for the use of electronic equipment on a large scale globally, which in turn has created opportunities for the global sirens market. As these products are durable with a high voltage capacity and easy to install, they find high selling propositions. Characteristics and properties of electronic and pneumatic equipment play a vital role in security solutions, thereby driving the global sirens market with a rise in diverse end-user applications, such as industrial warning systems, community warning systems, campus alert systems and military mass warning systems.

With the increase in demand for security solutions, it has become a growing trend to use personal protective equipment, which in turn has surged demand for the global sirens market. The replacement of sirens with modern technologies requires huge investment. However, growth of the market may yet get hampered with the emergence of modern communication technology. Failure of sirens from lightning strikes or equipment malfunction is another common factor, which may affect market growth.

Sirens Market: Region-wise Outlook

In the global sirens market, the dominant share is held by the U.S., India, China, Japan, Australia, Germany, Singapore and the UAE. This can be attributed to the demand for security solutions in developed as well as developing economies.

Sirens Market: Market Participants

Some of the key market participants identified in the global siren market are Acoustic Technology Inc., Sentry Siren Inc., MA Safety Signal Co. Ltd, Whelen Engineering Co. Inc., Federal Signal Corporation, B & M Siren Manufacturing Co., Projects Unlimited Inc., Phoenix Contact, Mallory Sonalert Products and Qlight USA Inc.  

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The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Historical Actual Market Size, 2012 – 2016
  • Market Size & Forecast 2017 to 2027
  • Supply & Demand Value Chain
  • Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Aircraft Refurbishing Market Drivers and Restraints

The 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
  • The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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 in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Sirens Market: Segmentation 

Segmentation of the global siren market by product type:

  • Electronic
  • Electro-mechanical
  • Rotating
  • Single/dual toned
  • Omnidirectional

Segmentation of the global siren market by application:

  • Civil defense
  • Industrial signaling
  • Emergency vehicles
  • Home/vehicle safety
  • Security/warning systems
  • Military use
  • Others

Segmentation of the global siren market by installation type:

  • Wall mounting
  • Self-standing
  • Water proof connector

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Report Highlights:

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

Food Sorting Machines Market is expected to expand at a promising CAGR during 2015-2025 : FMI Report

Food Sorting Machines Market Overview 

Automation is becoming more of a requirement than an option in the food processing industry. The rigorous quality and cost controls required in the food industry is making it more critical. Production of high grade food requires capable and efficient inspection and sorting systems, in the operations and production line. The food is sorted by color, size, shape, specific gravity prior to inspection and other criteria depending upon the raw material and application.

Global interest is increasing towards the quality of food consumed along with the stringent legislations on product quality and operating procedures. In the food industry, the product specification is extremely important, and is one of those area where new developments are crossing the boundaries. The food industry is under immense pressure of meeting the demands of growing world population.

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The global population is becoming urbanized and there is heavy industrialization seen in the emerging economies. This leads to an upward trend towards convenience foods that are healthy, nutritious and easy to prepare. Food security is an emerging challenge for policy makers and companies in the food supply chain. Over the period food production will be under threat from climate change, competing land uses, erosion and diminishing supplies of clean water. One of the solutions to this dilemma is increased efficiency and waste reduction in the food supply chain. Food sorting machines offer increase in efficiency by selectively filtering out the undesired materials from the main food. The main purpose is separation of foreign seeds and bodies, such as unhealthy or spotted grains. The insertion of optical sorter into strategic positions of the milling process facilitates and optimizes the whole cleaning process. Worldwide the optical sorters are being used in the food industry. Its highly adopted in the processing of harvested foods such as fruits, potatoes, vegetables and nuts where it achieves non-destructive,100%  inspection on full production volume. Since manual sorting is subjective and inconsistent, its not preferred. Optical sorting helps to improve the product quality, increase yields, maximize throughput while reducing labor costs. Since few years the trend is of integration of the traditional mechanical cleaning process with optical sorting machines.

Food Sorting Machines Market: Drivers & Restraints

Growing population, rising urbanization, growing technological awareness, industrialization of emerging economies and increasing per capita income are some of the key factors driving the growth of the food sorting machines market.

Environmental Protection Agency regulations on disposal of food waste, changing consumption patterns and smaller households are few of the probable factors restraining the growth of the food sorting machines market.

Food Sorting Machines Market: Overview 

Though food sorting machines is a new technology for emerging economies like India, but in the developed economies like North America and Europe the same technology is in use for years.

With growing global population and increasing pressure on food industry to meet the customer demands, the acceptance of food sorting machines is gaining popularity. The global food sorting machines market is expected to expand at a promising CAGR during the forecast period (2015-2025).

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Food Sorting Machines Market: Region-wise Outlook

The global food sorting machines market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global food sorting machines market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, North America dominated the global food sorting machines market in terms of market revenue followed by Europe. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global food sorting machines market value exhibiting a robust CAGR during the forecast period, 2015?2025.

Food Sorting Machines Market: Key Players

Some of the key market participants in global food sorting machines market are Tomra Systems ASA, Sesotec GmbH, Buhler AG, Key Technology, BarcoVision, Satake USA Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on:

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

Regional analysis includes

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

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 in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Food Sorting Machines Market: Segmentation 

The global food sorting machines market is broadly classified on the basis of product type, technology and geographies.

Based on product type, the global food sorting machines market is segmented into:

  • Channel Sorters
  • Freefall Sorters
  • Belt Sorters
  • ADR Systems

Based on technology, the global food sorting machines market is segmented into:

  • Laser
  • Camera
  • LED
  • X-ray

Report Highlights:

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

Tile Cutter Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

This Tile Cutter market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Tile Cutter market.Get | Download Sample Copy with TOC, Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-10759Tile Cutter Market: Market OutlookIncrease in construction spending coupled with rise in number of commercial buildings and residential places has fuelled the demand for construction materials such as ceramic tiles and use of related power tools to install them which in turn has generated the demand for tile cutter. Tile cutter is a machine which is used to cut the ceramic tile to a specific shape or size and also to amend lateral wedges or irregular corners of the tile so as to enable proper tile fitting. Tile cutter machine comes in a number of various forms, form basic manual devices to complex add-ons for power tools. In the recent years, majority of the masonry personnel prefer to use electric tile cutters owing to their better efficiency and precision in cutting.

  • Traditional tiles produces water, dust and mud, creating an unconducive environment and affecting the worker’s health. However, in present times new technology (related to tile cuter) connecting ultra-sound eliminates all the risks and represents considerable savings in noise, water and energy
  • Ceramic tiles are broadly used in new residential as well as in home renovation activities. Additionally, ceramic tiles are used in commercial applications such as malls and Hospitals, Hotels, Airports as well as work and office spaces
  • The innovations in digital printing technology are being increased by the retailers to provide ceramic tiles with an extensive range of design aesthetics. With the increase in a number of tiles will in turn support the demand for tile cutter market

Tile Cutter Market: Dynamics

  • Growing commercial sector construction projects, increasing preference for installation of vitrified tiles for superior aesthetics, low maintenance cost and durability are factors that are expected to propel the demand for tiles which in turn is expected to drive the growth of the tile cutter market over the forecast period. Key players involved in providing tile cutters are focusing on various strategies for production promotion and positioning such as launching of new prototypes, in order to expand their geographical presence. For instance, in February 2018, GERMANS BOADA SA (RUBI UK LTD.), a Europe-based manufacturer and distributor of cutting equipment and tools, announced the launch of its RUBI DU-200 EVO 850 Electric Cutter, which is designed for renovation and light work. Such factors are expected to increase demand for tile cutters in during the forecast period. In terms of product type, electric type tile cutters use is expected to leapfrog that of the sales of manual based tile cutters. Criteria of energy conservation by the tile cutter machine is being considered by the manufacturers during the product design.
  • However, increase in demand for traditional wooden flooring in several countries can hamper the demand for tile cutter market in the concerned regional markets. Also, availability of substitute flooring materials being equally economical and durable such as vinyl, textile, PU may hinder the growth of tile cutter market growth.

?Tile Cutter Market: Regional Trend

  • U.S., and Asia are expected to witness a significant growth due to the rapidly growing real estate sector, which includes construction of residential buildings as well as increasing remodeling and renovation activities.
  • GCC countries and parts of Eastern Europe are also expected to gain growth opportunities for tile cutters market. For instance, the National Energy Efficiency Action Plans (NEEAPs) announced plans to raise investments for renovation of residential, public, and commercial buildings in Europe region, which includes hospitals, shopping centers, offices, hotels, restaurants, stores, and garages. Moreover, in 2018, the government of Germany announced its plan to construct around 1.5 million housing units by 2021.
  • The Asia Pacific market is witnessing high growth due to rising infrastructural development, increasing disposable income, and growing construction industry in countries such as India, China, and Japan. For instance, in June 2018, the Asian Infrastructure Investment Bank (AIIB) announced an investment of US$ 200 million in the National Investment & Infrastructure Fund (NIIF).

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The Asia Pacific market is witnessing high growth due to rising infrastructural development, increasing disposable income, and growing construction industry in countries such as India, China, and Japan. For instance, in June 2018, the Asian Infrastructure Investment Bank (AIIB) announced an investment of US$ 200 million in the National Investment & Infrastructure Fund (NIIF).

Tile Cutter Market: Market Participants

The global market of tile cutter market is comparatively fragmented and manufacturers see the potential to increase the pace of the growth by the way of product launches and sales through new channels. Some of the market manufacturers identified in the Tile cutter market across the globe are:

  • Brevetti Montolit Spa
  • John-Tools
  • Germans Boada SA
  • Laptronix
  • Kraft Tool Co.
  • KSEIBI
  • Makita Corporation
  • Norcros
  • Ryan Industries Co. Ltd.
  • Rubi
  • Talisman Hire
  • Vitrex
  • Yancheng Baoding Power Tools Co. Ltd.
  • Zhongxing Diamond Tools Co. Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

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

Regional analysis includes:

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

The Tile Cutter 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 Tile Cutter provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Tile Cutter also maps the qualitative impact of various market factors on market segments and geographies.

Tile Cutter Market: Segmentation

On the basis on type, the Tile cutter Market can be segmented into:

  • Manual Tile Cutter
  • Electric Tile Cutter

On the basis on application, the Tile cutter Market can be segmented into:

  • Household (Tile Cutter)
  • Commercial Use (Tile Cutter)

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Report Highlights:

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

Chemical Anchors Market Assessment and Key Insights Analyzed Till 2027

Chemical Anchors Market: IntroductionChemical Anchoring is a process or technique for fastening the cement, concrete & the similar substrates that offer an increased level of flexibility & load bearing capacity. In numerous end use sectors mechanical & chemical anchoring is getting adopted in the very large scale but the later one i.e. chemical anchoring is gaining more adoption when compared to the mechanical anchoring. In chemical anchoring technique, a polymeric resin is introduced inside the hole prior to enclosure of the steel or iron stud. With this process, the chemical resin naturally fills or seals in all voids & irregularities and consequently convert the hole airtight, with efficient adhesion.Get | Download Sample Copy with TOC, Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-7955 

This additional adhesion with chemical anchoring creates superfluous strength. Mechanical anchoring is having its own limitations such as not ideal for imperfect shapes, prone to water ingress leading to corrosion, concentrated load at limited points, excessive torque destroys the fixing and many more. Chemical anchoring system able to address the above-said industry challenges.

Moreover, chemical anchoring provides the opportunity to make minor adjustments to the screw’s orientation while curing which is not the case in mechanical anchoring process. The non-expanding property of a chemically held rod in chemical anchoring is considerable decreases the chance of the adjacent concrete cracking. This property further helps for securing railings on to concrete stairs, or shallower slabs and related applications. In the commercial marketplace, there are numerous types of chemical anchors are available, out of which capsule adhesives chemical anchors, injectable chemical anchors, and chemical anchor fixings are the preferred ones.

Chemical Anchors Market: Market Dynamics

Due to its substantial properties such as an ability to drill down in imperfect holes, protection of fixing against corrosion, operation in unlimited specified depths, and suitability against all substrates are the key factors driving the demand for chemical anchors. Expanding infrastructural, industrial, commercial & residential construction sectors are providing numerous growth opportunities in the chemical anchor market space. Innovation in technologies required for the synthesis of chemical anchor resins has led to increased efficiency of production processes, leading to significant productivity as well as increased efficacy in chemical anchors resins.

Also, numerous manufacturers of chemical anchors present in the value chain are strengthening their R&D infrastructure to invent new production technologies. This, in turn, is fueling the growth of the global chemical anchors market. However, low awareness amongst the end users for the usage of chemical anchors & excessive time consumed for the installation of chemical anchoring system is some of the adoption barriers in the market.

Chemical Anchors Market: Region Wise Trends

North America & Western Europe collectively dominate the overall market for the chemical anchor sales in the past few years and it is expected that the same roadmap will be followed in the upcoming regions. Rising infrastructure projects in these above-said regions are the key reason implicit behind the sales of chemical anchors. Asia Pacific region is one of the fastest growing in the chemical anchors marketplace, increase in industrial, commercial development in countries like China, India & ASEAN are creating the demand space for chemical anchors.

New infrastructural projects in the pipeline are expected to create the huge demand for chemical anchors in the near future. Latin American countries show significant growth in the recent past in the construction sector, specifically in the construction of residential building, thus creating opportunities for chemical anchors. MEA & EE are turning over as a low volume high growth regions.

Examples of some of the market participants in the Global Chemical Anchors Market identified across the value chain include:

  • Evonik
  • MKT Fastening LLC
  • Simpson Strong Tie
  • ThermAvant Technologies
  • Chemfix Products Ltd
  • Sika
  • Halfen
  • XuPu Fasteners
  • Henkel.

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

  • Chemical Anchors Market Segments
  • Chemical Anchors Market Dynamics
  • Chemical Anchors Market Size
  • Chemical Anchors Market Supply & Demand
  • Current Trends/Issues/Challenges pertaining to Chemical Anchors Market
  • Competition & Companies involved in Chemical Anchors Market
  • Technology related to Chemical Anchors Market
  • Value Chain associated to Chemical Anchors Market

Regional analysis includes:

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

The Chemical Anchors market 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 in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Chemical Anchors market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Chemical Anchors market segments and geographies.

On the basis of Product type, the Chemical Anchors Market can be segmented as:

  • Injectable Chemical Anchors
  • Capsule Adhesive Chemical Anchors
  • Chemical Anchor Fixings

On the basis of resin Type, the Chemical Anchors Market can be segmented as:

  • Unsaturated polyester Chemical Anchor
  • Epoxy acrylate Chemical Anchor
  • Pure epoxy Chemical Anchor

On the basis of Application, the Chemical Anchors Market can be segmented as:

  • Residential
  • Industrial
  • Infrastructure
  • Commercial

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Report Highlights:

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

Pharmaceutical Lipids Market is expected to grow with a CAGR of 5.5% between 2021-2031

Global pharmaceutical lipids market is projected to rise at a considerable pace between 2021 and 2031, finds Future Market Insights in an in-depth study. Growth registered in the market is attributable to increasing cases of cholesterol abnormalities and lipid associated disorders. Lipids are generally utilized in industries such as cosmetics and personal care, beverage and food, and pharmaceutical. Rising urbanization that has led to remarkable lifestyle changes have been influencing trends in the cosmetics and personal care industry. Expansion of the sector, which also is a key end user, will fuel sales of pharmaceutical lipids.

Social media and digitalization are greatly influencing the sales of beauty care products. Coupled with this, increasing demand for the effective and fast-acting medications combined with improvement of advance drug manufacturing facilities have been driving the pharmaceutical lipids market. Also, the rising incidence of cancer, neurological diseases, cardiovascular diseases, and other chronic diseases are expected to fuel the demand for pharmaceutical lipids

According to the report, demand in the triglycerides segment within the market will be considerably high. It is expected to account for nearly 44% of the market in 2021.

pharmaceutical lipids market key regions and product mekko chart, 2021

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Key Takeaways from Pharmaceutical Lipids Market Study

  • The global pharmaceutical lipids market will rise at 5.2% CAGR between 2021 and 2031
  • The U.S. is the most lucrative market in the global pharmaceutical lipids market and is expected to grow with a CAGR of 5.5% between 2021-2031
  • The demand for triglycerides will continue rising in the U.K., driving pharmaceutical lipids sales
  • Germany will lead the Europe market; France too will continue exhibiting high demand
  • China will account for maximum sales in East Asia

“The rising demand for advanced rapid drug delivery technologies, increasing adoption of natural care products, and rising geriatric population will continue fuelling the demand for growth of pharmaceutical lipids” says the FMI Analyst.

Who is Winning?Companies operating in the market are looking for strengthening their footprint via strategic tie-ups and acquisitions. The pattern is primarily seen across companies operating in Europe and North America.

For instance:

  • In, July 2020, ABITEC Corporation announced that it has acquired Larodan AB, a manufacturer and international marketer of state of the art, high-purity research grade lipids.  This strategic acquisition will expand ABITEC’s functional lipid product offerings and scientific capabilities to better serve the pharmaceutical, nutritional and industrial market sectors.
  • In September, 2019 BASF acquired aroma biotech innovation leader isobionices to increase its product portfolio for F&F ingredients.

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Key Participant InsightsThe pharmaceutical lipids market is considered to be an exceptionally competitive market. The strategies involve growing new lipid-based formulations. Research is being led in regards to designing combination drugs (proteins and lipids) for projection with respect to dyslipidemia and furthermore cardiovascular disorders. This pattern is relied upon to make a significant rise in the estimated time frame. The key market players covered by FMI include ABITEC Corporation (ABF Ingredients), NOF (Nippon Oil & Fats) Corporation, Lipoid GmbH, Nippon Fine Chemical Co. Ltd., BASF SE, Dishman Group, Cayman Chemical Company, CordenPharma, Croda International Plc, Gattefossé, IOI Oleo GmbH, Merck KGaA, Stepan Company and Evonik Industries AG.

Scope of Report

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis USD Million for Value
Key Regions Covered North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa
Key Countries Covered US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa
Key Segments Covered Product, Form, Source, Application, and Region
Key Companies Profiled
  • ABITEC Corporation (ABF Ingredients)
  • NOF (Nippon Oil & Fats) Corporation
  • Lipoid GmbH
  • Nippon Fine Chemical Co. Ltd.
  • BASF SE
  • Dishman Group
  • Cayman Chemical Company
  • CordenPharma
  • Croda International Plc
  • Gattefossé
  • IOI Oleo GmbH
  • Merck KGaA
  • Stepan Company
  • Evonik Industries AG
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Demand for Thermal Insulation Packaging to Rise at 18.3% CAGR in Pharmaceutical Industry: New Study

Rising applications within the pharmaceutical sector is a chief driver of the thermal insulation packaging market. In a new study, Future Market Insights (FMI) has predicted the market to reach a valuation of US$ 58.37 Bn in 2021. Within the pharmaceutical industry products are often shipped across the globe.

Pharmaceutical logistics is a complex web of local, regional and international chain that requires multiple modes of transportation. Air and ground have been the most preferred modes of transportation, however sea freight is also gaining traction nowadays.

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Specialized production of pharmaceuticals and high value ingredients used for production of medicines mean that the products need to move faster and at a larger scale through multiple climatic zones. Rapid expansion of emerging markets demands new or more efficient shipping lanes. The emergence of new markets have led to the challenge of distribution of temperature sensitive pharmaceuticals to a wide geographical reach.

Shipping of temperature sensitive pharmaceutical products requires protection from improper handling, undesired weather, and any other unpredictable factors all while ensuring a constant temperature range. This is anticipated to drive adoption of thermal insulation packaging within the industry.

Besides this, demand from food and beverages sector is set to rise significantly, giving impetus to the market between 2020 and 2030. FMI has projected the food and beverages sector to remain dominant through the forecast period, however, the pharmaceuticals sector is likely to exhibit growth at a higher rate.

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Key Takeaways of Thermal Insulation Packaging Market Study

  • Thermal insulation packaging is forecast to register high near-term growth. According to FMI, the market will rise at 17.3% CAGR over the assessment period
  • Demand from the U.S. will remain crucial to growth registered, as it is expected to account for dominant 86.6% of the North America market in 2021
  • Within Europe, the U.K. will continue exhibiting high demand, registering above 18% Y-o-Y growth in 2021
  • France and Germany will emerge as other key markets for thermal insulation packaging, with demand in both countries increasing at a robust pace through 2030
  • Japan, South Korea, and China will emerge as strong markets for thermal insulation packaging. Of these, China will remain dominant in East Asia through assessment period

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“Pharmaceutical industry is witnessing a massive shift from chemically derived products towards biologics and biosimilars. It is anticipated that new drugs to be launched in the market in the next five to ten years will be highly sensitive biologics or biosimilars. Sophisticated drugs will create and expand cold chain challenges, which is likely to create opportunity for thermal insulation packaging market.” says an FMI analyst.

Thermal Insulation Packaging Necessary to Maintain the Integrity of Perishable Food Products

The thermal insulation packaging system is necessary for maintaining the integrity of the perishable food products. Seafood is in high demand since past few years due to its nutritional benefits and changing dietary habits of consumers. Seafood’s quality is utmost high when it is caught, however over time the quality and freshness of the food product degrade.

This decays the natural goodness, vitamins and minerals of the food product making it unfit for consumption. From the regulatory aspect, fresh seafood should be stored at 0°C and frozen seafood should be stored at –18°C or lesser throughout the cold chain.

Small gaps or fluctuations in the temperature range can cause quality degradation or spoilage to the food product. Food wastage is loss of natural seafood resource and harvesting cost. Global trade of perishable food products has grown rapidly in the last decade. This has significantly boosted demand for refrigerators, freezers, insulated containers and shippers.

Impact of COVID-19 on Thermal Insulation Packaging Market

Demand for thermal insulation packaging is anticipated to grow due to the COVID 19 pandemic. The global battle to fight against the virus has raised the need for crucial pharmaceuticals to be shipped around the world at a large scale and unprecedented speed.

Right from antigen testing to antibody testing to vaccines and medicines to treat the symptoms of the virus, everything creates demand for pharmaceutical logistics for temperature sensitive products.

Insulated shippers, pouches and boxes have been in high demand to ship the products across the world. Further, COVID-19 vaccines being on the horizon ready for mass distribution provides lucrative opportunities for the thermal insulation packaging market to grow exponentially.

Who is Winning?

Emball’ISO, Sonoco ThermoSafe, Pelican Products, Inc., Cold Chain Technologies, Inc., Sofrigam SAS, CSafe Global, LLC, Insulated Products Corporation, Cryopak Industries Inc., Snyder Industries, Inc., va-Q-tec AG, Inmark LLC, DGP Intelsius Ltd.,

Softbox Systems Ltd., Envirotainer Ab, Aeris Dynamics Pte Ltd, Global Cold Chain Solutions, Thermo Fisher Scientific, Inc, Helmer Scientific Inc., Global Cooling, Inc., PHC Holdings Corporation, BINDER GmbH, Esco Micro Pte Ltd., Labcold Ltd, ARCTIKO A/S, Eppendorf AG, So-Low Environmental Equipment Co.,

Azbil Corporation, Haier Biomedical Co. Ltd, Philipp Kirsch GmbH, EVERmed s.r.l and The Sure Chill Company Limited are prominent players in the thermal insulation packaging market. The thermal insulation packaging market is fragmented and the Tier 1 players in the market hold 20-25% share in the global thermal insulation packaging market.

Mobile Cases and Covers Market Size Estimates and Forecasts by Region, Growth Rate and Trend Analysis by Types and Application 2019 to 2029

The mobile cases and covers market is highly influenced by evolving lifestyle trends and increasing spending capacities of consumers. To ensure the long shelf life of smartphones, consumers are increasingly using protective cases and. Increasing demand for 360-degree surface protection for smartphones is offering significant profit earning opportunities for key players in the global mobile cases and covers market.  Millennials are more concerned about reducing plastic waste; hence, biodegradable mobile cases and covers are expected to witness high demand in the next decade.

The global mobile cases and covers market is expected to grow 1.7X its current market value by the end of 2029.

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Key Takeaways of Mobile Cases and Covers Market Study

By product volume, the mobile covers segment is expected to hold higher market share over 2019-2029, attributed to the increasing demand for lightweight covers providing maximum protection from drops, bumps, and shocks. The plastic material segment is expected to create substantial incremental revenue opportunity by the end of 2029, as this material has good barrier strength. The demand for leather is expected to gain significant traction among consumers during the forecast period, owing to increasing preference for leather covers for improved aesthetic looks. By print type, the with print segment is anticipated to hold a major share in the mobile cases and covers market during the forecast period. North America is expected to outpace the global mobile cases and covers market in the next decade, attributable to the presence of a large number of key players. China, India, and Japan are anticipated to offer lucrative opportunities, driven by increasing production of smartphones and cost-effective mobile cases and covers in these countries.

Mobile Cases and Covers Market: Competition Landscape

The global mobile cases and covers market is highly fragmented, with the presence of many local and unorganized players. Also, many new players are expected to enter the global mobile cases and covers market to leverage significant growth opportunities available. Some of the key players in the mobile cases and covers market are Amzer, Inc., Belkin International, Inc., Case-Mate Inc., CG Mobile Case SAS, Incipio Technologies Inc., Motiba Silicone Private Limited, Northbaze Group AB (KRUSELL), Otter Products, LLC, Pelican Products Inc., Samsung Electronics Co. Ltd, Sony Corporation, Rearth, Inc. (Ringke), and pOcpac U.K. These key players are focusing on product innovation, acquisitions, upgrading, and boosting sales through e-Commerce, with an aim to increase their global presence and customer base in the global mobile cases and covers market.

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Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Mr. Debashish Roy
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MARKET ACCESS DMCC Initiative
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Multilayer Flexible Packaging Market to Expand 1.5X by 2029, Driven by Growing Focus of Manufacturers on Consumer-centric Products

Cost-effectiveness, durability, and lightweight are several advantages responsible for boosting the demand for multilayer flexible packaging, worldwide. The scope of this market study includes multiple flexible packaging solutions such as bags, pouches & sachets, wrapping films, laminates, and others (liners, stick packs, and more). Manufacturing of multilayer flexible packaging products requires 70% less material when compared to rigid packaging products. Aluminum foil and metalized plastic films are also gaining significant traction for the manufacturing of bags and pouches for flexible packaging.

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The global multilayer flexible packaging market is set to progress at a CAGR of around 4% over the period of forecast, and reach a valuation of nearly US$ 350 Bn by 2029.

“Shift from rigid packaging to flexible packaging is the leading trend in the global packaging industry. Changing packaging needs enable brand owners to enjoy high profitability margins, owing to reduction in transportation cost and cheaper package cost.”

Key Takeaways of Multilayer Flexible Packaging Market Study

  • In terms of value, the pouches & sachets segment is expected to account for maximum market share in the global multilayer flexible packaging market during 2019-2029, attributable to the rising demand for small-sized sachets & pouches for the packaging of a variety of food products.
  • By layer structure, the 5 layer segment is anticipated to grow 1.2X by the end of 2023.
  • The plastic material segment is expected to create total incremental revenue opportunity of US$ 96 Bn by the end of 2029, owing to ease of availability and cost-effectiveness.
  • North America is anticipated to maintain its dominance in the global multilayer flexible packaging market during the forecast period. This growth can be attributed to the presence of well-established market players in the region. East Asia and South Asia are anticipated to be highly lucrative markets, on the back of significant consumption and production of multilayer flexible packaging solutions at cost-effective rates.
multilayer flexible packaging market share by region pr

Multilayer Flexible Packaging Market Landscape                                          

The global multilayer flexible packaging market is identified as a highly competitive and fragmented market. Unorganized and local players can leverage significant growth opportunities in the global multilayer flexible packaging market. Some of the key players operating in the multilayer flexible packaging market are Sealed Air Corp., Mondi Group Plc, Berry Global Group, Inc., Scientex Berhad, and Uflex Ltd., among others. Key players are focusing on acquisitions and product innovation with the aim of expanding their footprint and customer base across the globe.

  • In November 2019, Constantia developed its first plant Constantia Ecoflex at Ahmedabad, India, for producing sustainable and recyclable flexible packaging.
  • In February 2019, Amcor Limited introduced Genesis, a polyethylene laminate with the look and feel of traditionally-oriented polyethylene or oriented polyester. This product is suitable for use in medical, food, homecare, personal care, and other industries. The company acquired Bemis Company Inc., which is one of the leading manufacturers of multilayer flexible packaging.
  • In June 2019, Sealed Air Corp. acquired MGM’s flexible packaging business. MGM is a privately-held company that is headquartered in Manila, the Philippines. This acquisition will allow the company to expand its food packaging operations in Asia.

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About Multilayer Flexible Packaging Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global multilayer flexible packaging market, analyzing historical demand of 2014-2018 and forecast statistics for 2019-2029. The study offers growth projections on the multilayer flexible packaging market based on product (bags, pouches & sachets, wrapping films, laminates, and others [liners, stick packs, etc.], material (plastic [ polyethylene terephthalate (PET), polypropylene (PP) (BOPP, OPP, and CPP),

polyethylene (PE) (LDPE, LLDPE, and HDPE), ethylene vinyl alcohol (EVOH), polyamide, polyvinyl chloride (PVC), ethylene vinyl acetate (EVA), polyvinylidene chloride (PVDC)]), layer structure (3 layers, 5 layers, 7 layers, and above 7 layers), and end-use industry (food, beverages, pharmaceuticals, automotive, cosmetics and personal care, homecare, electrical & electronics, agriculture & allied industries, and textiles & apparels), across seven key regions.