Market Research Blog

FMI states in its recent study on pumps and trigger spray that the market will record a CAGR of 6.5% through 2030. Demand for pumps and trigger spray is anticipated to continue surging especially due to their extensive use across personal care, home care, and pharmaceutical industries respectively.

Pumps and trigger spray market will continue exhibiting high growth despite ongoing COVID-19 crisis. The rising demand for personal hygiene products since pandemic’s onset has been spurring growth prospects. Future Market Insights (FMI) offers a comprehensive overview of the market in a new study. It uncovers hidden opportunities and offers insights into potential threats.

“As technological advancements continue penetrating the global packaging landscape, manufacturers are increasingly developing novel solutions and innovations to design state-of-the-art and highly sophisticated pumps and trigger sprays.” says the FMI analyst.

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Pumps and trigger spray Market – Important Highlights

• According to product type, trigger sprays are anticipated to hold the biggest share, generating more than 50% of the revenue by 2020-end.
• By material type, HDPE plastic is expected to remain the most used packaging material, due to its recyclability and sustainability
• The cosmetics and personal care sector is expected to continue remaining as a prominent end-user of pumps and trigger spray during the forecast period.
• The market across North America is expected to grow at a CAGR of 5.7% through 2030.
• South Asia is anticipated to emerge as the fastest-growing market, mainly due to its widespread application across several industries.

Pumps and trigger spray Market – Drivers

• The rapid rise in sales of consumer products such as cosmetics and fragrances is expected to be the key market driver during the forecasted years.
• Growing demand across the automotive industry to ensure the safety of operations during aerosol spraying.
• Rising environmental concerns will compel the key market players to focus on eco-friendly products with the global commitment to achieve sustainability which will drive the market growth further.

Pumps and trigger spray Market – Restraints

• High manufacturing and installation costs are expected to remain a key constraint for the market.
• Limited applications of pumps and trigger sprays due to their design are creating deterrents.

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COVID-19 Impact on Pumps and trigger spray Market

The COVID-19 pandemic has increased the growth prospects of the pumps and trigger sprays market by several times. The industry is set to expand the most across the pharmaceutical and homecare sectors. Since the pandemics have set, demand for personal hygiene products such as hand sanitizers and home cleaning fluids has been rising at a rapid rate. A peak in sales has been observed across all regions of the world during this period, and sales have continued to rise, thus generating massive demand for pumps and trigger sprays. Initial production difficulties due to lockdowns resulted in a minor dent in the industry, which made a quick turnaround.

Competitive Landscape

The pumps and trigger spray market players are leaning towards the incorporation of several latest technologies besides opting for strategic collaborations to attain a competitive edge.

For example, Guala Dispensing GmbH focuses on product development partnerships by including optimization of transformation technology, develop polymeric materials of great performance with enhanced environmental sustainability. Some of the key market players which FMI has profiled in the study include Guala Dispensing S.p.A., Silgan Dispensing Systems Corporation, Afa Dispensing, Bramlage Division GmbH & Co.KG, JMS Packaging, The Packaging Company, Kläger Plastik GmbH

About the Study

The study offers readers a comprehensive assessment of the pumps and trigger spray market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (Trigger sprays, pumps), application(cosmetics, body care, fertilizers, and others), and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

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About Future Market Insights

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.

ESOMAR-certified market research company Future Market Insights’ (FMI) recently published semiconductor wafers market study projects a largely positive growth trajectory for the 2020-2030 assessment period. The study divulges key dynamics responsible for shaping the future growth prospects of the market.

Deepening 5G technology penetration is amongst the primary growth drivers, as business houses and corporates look towards diversifying their future operations. By 2024, 5G networks shall cover 2/5^th of the globe, handing a quarter of all mobile traffic data. Thus, production of wafers to manufacture ICs for 5G devices is rising.

Manufacturers are increasingly preferring gallium nitride semiconductor chips over the conventional silicon based chips, as the latter tends to have less temperature tolerance.

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Key Takeaways

• By application, automotive semiconductor wafer to experience nearly twofold growth until 2030
• Extensive applications to be witnessed across consumer electronics, particularly in the manufacturing of integrated circuits (ICs)
• By size, 150-200 mm semiconductor wafers is likely to generate over 2/3^rd revenue share by 2020-end
• East Asia to emerge as the market hegemon, with China pivoting maximum growth, Europe and North America remain highly lucrative
• Global semiconductor wafers market to register value CAGR worth 5.6% through 2030

“Growing penetration of automation is accelerating demand for self-driven vehicles, an application area which is anticipated to generate lucrative growth prospects for leading semiconductor wafer manufacturers,” remarks the FMI analyst.

COVID-19 Impact Analysis

The novel coronavirus pandemic has ushered in multiple impacts across the global semiconductor wafers market. Stringent government-mandated lockdowns have contracted production of automotives, a key application area for semiconductor wafers.

A 16% decline was experienced in the global automotive industry since the past few months, thereby restraining sales of semiconductor wafers for multiple purposes such as infotainment systems, collision detection and navigation.

Simultaneously, surging sales of consumer electronic products is keeping the semiconductor wafers market demand afloat, particularly across emerging economies. With mandatory lockdowns imposed, corporate entities, educational institutions and entertainment houses are encouraging virtual interactions, thus upscaling demand for smartphones, tablets and laptops.

Taking the aforementioned trends into account, the semiconductor wafers market is likely to experience a moderate dip in the short-run, after which growth is expected to rebound on the back of easing restrictions.

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Competitive Landscape

Prominent semiconductor wafers manufacturers profiled in the report include Applied Materials Inc., ASM International, Nikon Corporation, SCREEN Semiconductor Solutions Co. Ltd., Hitachi High-Technologies Corporation, Tokyo Electron Limited, ASML Holding N.V., KLA Corporation, Lam Research Corporation and others.

In November 2020, Hitachi High-Technologies Corporation launched its 3D SEM CT1000 used for defect observation across semiconductors. The devices enables a three-dimensional observation of pattern and defects shapes occurring during the manufacturing process on wafers measuring upto 200 mm in diameter.

In December 2020, Tokyo Electron Limited (TEL) announced the launch of its CELLESTA^TM SCD single wafer cleaning system, scheduled to hit the shelves by January 2021. The product is a collapse-free drying method which uses a supercritical fluid and is expected to ease semiconductor wafer cleaning processes.

More Valuable Insights on Semiconductor Wafers Market

In its latest report, Future Market Insights offers an unbiased analysis of the global semiconductor wafers market, providing historical data for period of 2015-2019 and forecast statistics for the period of 2020-2030. To understand opportunities in the semiconductor wafers market, the market is segmented on the basis of wafer size (Less than 150 mm, 150-200 mm, More than 200 mm), application (automotive, consumer electronics, industrial manufacturing, telecommunication, others), across six major regions.

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Key questions answered in the report

• How will the global semiconductor wafers market expand until 2030?

According to Future Market Insights, the global semiconductor wafers markets is expected to register value CAGR worth 5.6% for the assessment period ranging from 2020-2030. Growth is primarily attributed to increasing demand from consumer electronics and automotive industries

• Which is the most lucrative market for semiconductor wafer sales?

East Asia, particularly China, is anticipated to emerge as a potential revenue hotspot in the long-term. Growth is primarily ascribed to burgeoning automotive volume production, especially in the electric vehicles segment. However, Europe and North America are equally opportunistic markets for the future

• How has COVID-19 impacted the predicted growth prospects?

The COVID-19 pandemic has ushered in a moderate blip, particularly in the automotive segment. This downturn is attributed to shortfalls in production levels experienced due to government imposed shutdowns. However, this downswing has been offset by a surging demand for consumer electronics in the wake of business entities encouraging work-from-home directives

• Which is the most promising semiconductor wafers application segment?

Consumer electronics is likely to capture the lion’s share of the semiconductor wafers market, owing to increasing ownership of smart devices in the wake of deepening internet penetration. Moreover, foray into 5G technology is expected to act as a key growth stimulant

• Which are the prominent semiconductor wafers market players?

Prominent players profiled in the global semiconductor wafers market include Applied Materials Inc., ASM International, Nikon Corporation, SCREEN Semiconductor Solutions Co. Ltd., Hitachi High-Technologies Corporation, Tokyo Electron Limited, ASML Holding N.V., KLA Corporation, Lam Research Corporation and others

Surging construction in the residential sector and the rising demand for multi-functional appliances are creating lucrative growth prospects for the desert air cooler market, finds Future Market Insights (FMI). Desert air coolers are energy efficient, reduce carbon footprint, and are pollutant-free. They also consume less electricity and therefore make for a cost-efficient option.

Desert air coolers, also known as evaporative air coolers use the phenomenon of evaporation to reduce the temperature in the surrounding area. Increasing technological advancements and rising disposable income are a few factors favoring the expansion of the market.

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When compared to evaporative air coolers, traditional conditioners are far costlier in terms of maintenance and require higher energy. Evaporative air cooler especially portable ones are currently enjoying the spotlight because they are easy to transport and offer greater convenience and efficiency.

Key Takeaways from Desert Air Cooler Market Report:

• The desert air cooler market is expected to rise at a CAGR of 10.2% during the period 2020-2030
• The market is predicted to reach a value of US$ 2.9 Bn by the end of the forecast period
• Favorable geographical conditions and willingness among consumers to spend on multi-functional appliances are favoring growth in East Asia and South Asia
• The 50-60 Lt desert air coolers are gaining traction due to their greater lifecycle.
• Evaporative air cooler residential models are in high demand and will continue to be a top choice among consumers through the forecast period
• Mini desert air coolers are popular in the market due to their convenient and suitable features.

COVID-19 Impact Analysis

The COVID-19 pandemic severely affected all sectors, including the desert air coolers market. Bans imposed on travel and transport had disrupted the sourcing of raw materials, bringing production to a halt. The implementation of lockdowns in several countries during the summer decreased the sale of commercial air coolers.

The decline in sales caused the price of desert air coolers prices to increase. While the market hit a low in 2020, it is expected to recover and grow at a steady pace due to increasing concerns regarding the environment once the coronavirus passes.

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Who Is Winning?

Key players in the market are now focusing on introducing intelligent technologies in commercial air coolers to increase their convenience. Artificial Intelligence is being incorporated to increase efficiency and improve energy conservation. The introduction of multifunctional air coolers has bode well for the market since they perform better than a cooler, a fan, or a humidifier.

Some of the key players in the market are Fujian Jinghui Environmental Technology Co. Ltd., Bajaj Electricals Ltd., Delta Cooling Tower Inc., Climate Technologies, Havells India Ltd., LG Electronics Inc., Orient Electric Limited, Samsung Group, Symphony Limited, Honeywell International Inc., GE Appliances, Aolan Industry Co. Ltd., Sharp Corporation and Koninklijke Philips N.V.

Valuable Insights into Desert Air Cooler Market Report

Future Market Insights (FMI) in its latest report has presented a detailed analysis on the desert air cooler market with assessment for the years 2020-2030. In order to offer a comprehensive overview, the market has been segmented into several segments. In terms of water capacity, it has been segmented into 30-40 Lt., 40-50 Lt., 50-60 Lt., 60-70 Lt. and 70 Lt. and above. Based on the application, the market is segmented into indoor and outdoor.

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On the basis of the sales channel, the market is segregated into wholesalers/distributors, hypermarkets/supermarkets, specialty stores, multi-brand stores, independent small stores, online retailers, and other sales channels. Based on the end-use, the market is bifurcated into residential and commercial. The commercial segment is further segregated into enterprises/offices, hotels/restaurants, schools/universities, retail, and others.

The market is divided based on the basis of price into premium, mid-range, and economy. On the basis of geography, the market is segmented into North America, Latin America, Europe, Middle East & Africa, East Asia, South Asia, and Oceania.

The global dairy enzymes market is projected exhibit a healthy CAGR during the forecast period, 2020-2030. The market is majorly fueled by the growing usage of biotechnology in food science. Increased production of items such as yogurt and cheese are anticipated to assist long term market growth.

“Widespread uptake of dairy products incorporating yogurt, and cheese is generating key growth prospects in the global market. Moreover, rising concerns over lactose intolerance has boosted the application of dairy enzymes in processed diary commodities.” says an FMI analyst.

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Dairy Enzymes Market – Key Highlights

• South Asia & Pacific will exhibit rapid growth pace, however, Europe will retain dominant position with major push from the cheese sector.
• Lipase type category will foresee high adoption rates, due to texture and flavoring applications.
• E-commerce distribution channels exhibits notable growth during 2020-2030.
• Cheese applications to account for majority of market share over the forecast period.
• Plant-based sources will be gaining traction in the global dairy enzymes market.

Dairy Enzymes Market – Drivers

• Rising diet trends comprising hydration habits and healthy snacking will be bolstering demand for dairy enzymes.
• Increased awareness about the advantages of personalized nutrition solutions are assisting growth over the forecast period.
• Extensive and high number of lactose intolerance cases across the nations has bolstered the demand for dairy enzymes.

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Dairy Enzymes Market – Restraints

• Growing cases of respiratory problems in people along with allergies to several dairy products, particularly milk can limit the market growth.
• Stern regulatory compliance as well as operational conditions is anticipated to restrain market expansion.

COVID-19 Impact on the Market

The impact of the COVID-19 outbreak on the global dairy enzymes market has majorly been adverse. A slump in demand for dairy products in the food service industry has become a key concern. On the other hand, the market is anticipated to regain its pre-crisis sales by the end of 2020. The market is anticipated to discover prospects amid the crisis due to customers demand for personalized nutrition, which is likely to extend the applications scope.

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Competitive Landscape

Key companies active in the dairy enzymes market are Novozymes, SternEnzym, DSM, Kerry Group, Danisco A/S, Dow DuPont, Amano Enzyme, Biocatalysts, CHR. Hansen and Advanced Enzymes Technologies. Companies in the dairy enzymes market are engaged in the expansion of their product portfolios with research into offerings for plant-based, low-lactose dairy usage attaining significance in the sector.

About the Study

The study offers readers a comprehensive assessment of the Dairy Enzymes market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights on the basis of source (animal & microorganism, and plant), type (chymosin, microbial rennet, lactase, lipase, and others), application (milk, cheese, ice-cream & desserts, yogurt, whey, infant formula, and others), distribution channel (e-commerce, specialty retailers, supermarket/hypermarket), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

About Future Market Insights

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.

A recent study by ESOMAR-certified consulting firm Future
Market Insights projects a positive outlook for the Intermediate
Bulk Container (IBC) Liner market over the forecast period. The report
gives a detailed outlook about the ongoing changes and advancement that are
expected to augment growth in the Intermediate Bulk Container (IBC) Liner
market. With a unique approach and extensive data analysis, FMI presents a
detailed perspective on the market, key growth drivers, threats and challenges
that market players are likely to face during the forecast period.

According to the study, the Intermediate Bulk Container (IBC)
Liner market is expected to reach a valuation of US$ 1.2 Bn at a CAGR of 5%
over the forecast period. Technological advancements in the packaging industry
across various verticals will enable growth in the market. Increasing
investment in research and development activities and adoption of information
technology within the industry, will create growth opportunities. FMI’s latest
report gives significant details about the current and upcoming market scenario
for an optimized assessment of the market.

Download Complete TOC of this Report:

https://www.futuremarketinsights.com/toc/rep-gb-12772

COVID-19 Impact
Analysis on Intermediate Bulk Container (IBC) Liner Market

Following the outbreak of COVID-19, the packaging industry is
expected to witness a moderate growth after a steep fall. Soaring development
in various sectors of packaging including the increased R&D activities from
the prominent players has led the Intermediate Bulk Container (IBC) Liner
market in the positive direction. Manufacturers are more focused on the
sustainability as a key strategy to maintain their position in the industry
during the time of crisis.

FMI provides an extensive information on growth strategies
that will aid the players to tackle the impact of pandemic on the global Intermediate
Bulk Container (IBC) Liner market. This detailed chapter will give the market
players information on the market scenario following the outbreak of COVID-19
and its impact on the industry across major regions. With various info graphics
and detailed data sets, the market players are provided with market
intelligence solutions which are accurate, transparent and reliable for the
upcoming decade.

Important Questions
Answered in the Intermediate Bulk Container (IBC) Liner Market Report

• Which
  are the top companies operating in the Intermediate Bulk Container (IBC) Liner
  market?
• What
  will be the future outlook of the Intermediate Bulk Container (IBC) Liner
  market in the upcoming decade?
• What
  are the key growth drivers and restraints likely to affect the Intermediate
  Bulk Container (IBC) Liner market in the future?
• Which
  region is expected to be the most lucrative region for the Intermediate Bulk
  Container (IBC) Liner market?
• What
  are the ongoing trends likely to augment the growth of the global Intermediate
  Bulk Container (IBC) Liner market?

Why Choose Future
Market Insights

• Serving
  domestic and international clients 24/7
• Strives
  to deliver optimized and accurate results
• Data
  collected from reliable primary and secondary sources
• Highly
  trained and experienced team of research analysts
• Deliver
  market reports with precision and diligence

Discounted prices for new customers! Offer expires soon!

Ask us your Any Queries About this
Report:

https://www.futuremarketinsights.com/askus/rep-gb-12772

Intermediate Bulk
Container (IBC) Liner Market: Segmentation

In-depth analysis on FMI’s Intermediate Bulk Container (IBC)
Liner market report has been further classified into key segments and sub-segments.

Capacity

• Up to 1,000 liters
• 1,000 to 1,500 liters
• Above 1,500 liters

Material Type

• Polyethylene
• LDPE
• LLDPE
• Polyamide (PA)
• Polypropylene (PP)
• EVOH
• Aluminum Foil
• Others (PVC, PET)

Thickness

• Up to 50 micron
• 50 to 100 micron
• 100 to 150 micron
• Above 150 micron

Content Type

• Powder & Granules
• Liquids

Filling Technology

• Aseptic
• Non-aseptic

End-use

• Food
• Edible Oil
• Dry Food
• Beverages
• Alcoholic
• Non-Alcoholic
• Chemicals
• Specialty
• Commodity
• Paints, Inks & Dyes
• Agricultural
• Pharmaceuticals
• Biopharmaceuticals
• Petroleum, Lubricants & Others

Intermediate Bulk
Container (IBC) Liner Market: Competitive Analysis

The latest report on the Intermediate Bulk Container (IBC)
Liner market by FMI gives an unbiased analysis on the top 10 leading companies operating
in the Intermediate Bulk Container (IBC) Liner market. It provides a detailed
segmentation on the market players’ product launches, strategic mergers and
acquisition and revenue prospects that will aid the players to gain a
competitive edge in the industry.

Key players profiled by FMI in Intermediate Bulk Container
(IBC) Liner market includes:

• Amcor
  Plc (Bemis Company, Inc.),
• Nittel
  GmbH & Co KG,
• Sealed
  Air Corporation,
• Arena
  Products, Inc,
• Qbig
  Packaging B.V,
• CDF
  Corporation,
• Brambles
  Industries Limited,
• Composite
  Containers LLC,
• Peak
  Packaging Ltd,
• Paper
  Systems Inc, W. Stuart Smith Inc,
• Qingdao
  LAF Packaging Co., Ltd,

Significant
Contributions to the Report

• Key
  Trends and Opportunities: Comprehensive analysis on the industries ongoing
  trends and opportunities for market players in different regions across the
  globe
• Recent
  Challenges and Forecasts: Detailed assessment on the challenges, technological advancements,
  and forecast for upcoming decade.
• Segmental
  Analysis: Extensive research on each segment and factors differentiating the
  role of these segments in market revenue forecasts and growth rate analysis
• Regional
  Market Forecast: Thorough analysis of each regional market to arm stakeholders
  with necessary information to take critical decisions.

The global Endpoint Protection Platforms (EPP) market is anticipated to expand at a CAGR of 10% throughout the assessment period, 2020-2030. The rising trend “Bring your own device (BYOD)” has boosted demand for EPP solutions have an increasing number of companies. Also, instances of cyber-attacks are rising consistently. With companies across the globe implementing remote-working models, particularly to contain the COVID-19 spread, cyber-security has become more vulnerable, this has boosted demand for the EPP market.

“Companies are increasingly investing in their security budget on protecting networks connected to these devices and endpoint devices due to a rising number of targeted attacks from end-user devices. Considering this, demand foreseen across large as well as small enterprises will keep on rising in the foreseeable future,” says an FMI analyst.

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Endpoint Protection Platforms (EPP) Market – Key Highlights

• North America led by the US, holds majority of shares due to notable developments in the endpoint security sector.
• (BFSI) the segment will be leading the overall market over the assessment period.
• The cloud-based category will remain lucrative as majority of players in the market are providing cloud-based endpoint security solutions.
• The large enterprise segment is anticipated to remain the key beneficiary amid the global market.
• The endpoint protection platform solution segment is likely to remain lead over the projected period.

Endpoint Protection Platforms (EPP) Market – Drivers

• EPP demand is anticipated to swell as BYOD becomes widely adopted.
• COVID-19 emerges as a key growth booster in the global market.
• Increasing dependency on the Internet is prompting towards high-security risks such as theft and phishing of data, this is further enhancing the need for web protection, in turn, stimulating the market growth.
• Surging number of cyber-attacks in the last few years has boosted the adoption of EPP thus become imperative for companies.

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Endpoint Protection Platforms (EPP) Market – Restraints

• Absence of skilled professionals along with the hesitation of medium and small companies regarding the adoption of EPP hampers the market growth.
• Presence of conventional security products such as anti-malware and antivirus for endpoint protection remains a key obstacle hindering the market expansion.

COVID-19 Impact on the Market

The COVID-19 outbreak emerged as a huge prospect for the attackers to propel cyber-attacks and spread malware. Due to the crisis, the need for endpoint security platforms is surging. A large number of companies announced that they will choose their employees to work remotely even after the crisis falls, which is likely to unquestionably boost the demand for endpoint protection platforms in approaching years.

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Competitive Landscape

The global EPP market is highly competitive. The growing number of cybercrimes and increasing gadget ownership are intensifying the entrance of the new players to the market. Market players will be focusing on improvement in existing products, mergers & acquisitions, along with collaborations with niche players. Major companies active in the global EPP market are Carbon Black, Palo Alto Networks, Check Point Software Technologies, Fortinet, Cisco Systems, FireEye, CrowdStrike, Kaspersky, F-Secure, Microsoft and McAfee.

About the Study

The study offers readers a comprehensive assessment of the Endpoint Protection Platforms (EPP) market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights on the basis of solution (endpoint protection platform (EPP) and service{professional service (security consulting, training & education and support & maintenance) and managed service)), deployment mode (on-premises and cloud-based), enterprise size (SMEs and large enterprises), industry (government and defense, banking financial services and insurance (BFSI), IT and telecom, retail and ecommerce, energy and utilities, manufacturing, education and others), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

The global heat-resistant ceramic tableware market is anticipated to expand at a 5.7% CAGR over the assessment period 2020-2030. Heat resistant ceramic tableware has swiftly attained popularity across the globe due to its ease of cleaning, aesthetics, and greater resistance to other finest tableware materials. Rising urban households, increased expenditure on kitchen renovations, along with accessibility through online channels have been key drivers. Conversely, the COVID-19 outbreak has ensued into a blip.

“Growing expenditure on residential units, and kitchen renovations along with the popularity of dining areas and modular kitchens with the increase in worldwide living standards, are significant factors fueling demand for heat-resistant ceramic tableware in formal and casual dining settings,” says an FMI analyst.

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Heat-Resistant Ceramic Tableware Market – Key Highlights

• Europe remains the lucrative market on the back of rising adoption rates in the household application segment.
• Plates to foresee high demand throughout the forecast period due to its formal and casual dining applications.
• Economy tableware is anticipated to account for a higher market share over the projected period.
• Online sales channels are likely to gain traction due to discounts and benefits such as home delivery.

Heat-Resistant Ceramic Tableware Market – Drivers

• Silicon nitride is projected as a key growth driver as it has proven to be very efficient against thermal shocks.
• Sales via e-commerce channels, especially in North America and Europe, India, and China, will exhibit rapid expansion over the projected period.
• Rising health & safety standards will bolster overall market growth in the long term.

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Heat-Resistant Ceramic Tableware Market – Restraints

• Poor durability stays as a key concern for customers, particularly economy offerings, which will hamper adoption rates in the foreseeable future.
• Usage of chemicals such as formaldehyde in ceramic materials production has generated concerns over the environmental impacts, thus impeding sales.

COVID-19 Impact on the Market

The heat-resistant ceramic tableware market is adversely affected at the onset of the COVID-19 outbreak. The pandemic resulted in changes in customers spending patterns, centering essential commodities that have hurt sales, even in residential settings.

Conversely, online channels of sales have gone up with customers looking for e-commerce options for extensive product options, home delivery, and discounts, which will assist players to diminish losses amid the crisis. Recovery is projected to be gradual by 2021, due to uncertainties during the crisis.

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Competitive Landscape

Leading companies identified in the global market report are Kahlla Porzellan, Villeroy & Boch AG, Chuchill China Plc, Seltmann Weiden Group, Roesnthal GmbH, Meissen GmbH, WMF Group, Fiskars Group, The Oneida Group, Narumi Corporation, Noritake Company Ltd., Lenox Corporation, and Homer Laughlin China Company.

Leading brands are majorly focusing on research & development along with product launch strategies in a competitive market to consolidate their market existence in the global market. Collaborations with renowned designers are furthermore gaining popularity.

About the Study

The study offers readers a comprehensive assessment of the heat-resistant ceramic tableware market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights on the basis of product type (plates, bowls, mugs & jars, and others), price range (economy/mid-range and premium), end use (residential and commercial), sales channel (supermarkets/hypermarkets, convenience stores, online retailers, multi-brand stores, specialty stores, wholesalers & distributors, and others), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

ATM outsourcing services cater to demands pertaining to system updates, cash management, equipment maintenance, and compliance issues. ATM outsourcing service providers fulfill every aspect of ATM network for their clients.

These market players issue a team of professionals for every client opting for their services. ATM outsourcing services help keep ATM network operating at maximum efficiency.

ATM outsourcing service providers offer ATM network monitoring and management services that help control operating expenses, relieve burden of compliance, and reduce capital costs.

Well-established ATM outsourcing service providers also help their clients avoid cash surpluses and outages by offering cash forecasting services, cash ordering services, armored carrier scheduling services and cash balance monitoring services.

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Impact of Ongoing COVID-19 Pandemic on ATM Outsourcing Services Market

ATM outsourcing service providers are undertaking strategic initiatives targeted at enhancing their service portfolio in order to maintain revenue generation. Some promising and emerging ATM outsourcing service providers are deploying sanitization services to retain clientele and help their clients tackle the spread of COVID-19 infections.

Booming cashless payment arena has already affected ATM service market negatively over the past few years.Growth of the global market will further deteriorate with risk of COVID-19 infections looming over consumers.

However, as banks and financial institutions get ready to accelerate the deployment contactless cash withdrawal technologies at their ATMs, the lag in growth rate of global ATM outsourcing services is estimated to recover partially by the end of 2021.

ATM Outsourcing Services: Market Dynamics

ATM outsourcing service providers offer service-level agreement guarantees as per contractual requirements, and ensure constant notifications and updates to the financial staff of their clientele. These service providers also offer web portals designed as per custom specifications, and clients can access these portals to harness online reporting services in real time.

This operational feature allows clients to ‘stake-out’ the status of their ATM in real time, while gathering variety of transactional reports. Also, some ATM outsourcing service providers also offer partial outsourcing services, in which banks and financial institutions do not have to outsource ATM servicing for every unit, and can outsource selected ATMs.

The primary driver boosting procurement of ATM outsourcing services is savings worth 10% to 20% of the total cost per transaction. Maintenance of their ATMs is the key challenge faced by end-users in the global landscape.

Increasing problems and restrictions in operational aspects of cash dispensing like security issues, electricity outages and satellite link failure are motivating more and more end-users to procure ATM outsourcing services. However, many banking and financial institutions are not so keen on procuring ATM outsourcing services, and prefer servicing their ATMs using their own professional teams.

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ATM Outsourcing Services Market: Regional overview

ATM outsourcing services market in Southeast Asia Pacific region was the dominant market in 2019 in terms of market value. Over the forecast period, ATM outsourcing services market in India is projected to be the most lucrative market for sustainable generation of revenue from service deployments.

The demand for ATM outsourcing services in India may be attributed to the constant reforms incorporated in the country’s Banking, Financial Services and Insurance (BFSI) industry.

Accelerated procurement of efficient ATM outsourcing services is expected to enable the market in Middle East and Africa region to record the fastest growth rate over the forecast period. Among all the regional markets, ATM outsourcing services market in Southeast Asia Pacific region is estimated to offer the highest incremental opportunity during the forecast period.

ATM Outsourcing Services Market: Competition Landscape

Some of the key competitors in the global ATM outsourcing services market are Transaction Solutions International; Dolphin Debit; NuSourse; NCR; ATMJ; Burroughs; Asseco; CashTrans; FIS; and Cardtronics, among others.

The ATM Outsourcing Services market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and 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 segment. The market report also maps the qualitative impact of various market factors on market segments and geographies.

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The report covers exhaustive analysis on:                                     

• ATM Outsourcing Services Market Segments
• ATM Outsourcing Services Market Dynamics
• ATM Outsourcing Services Market Size
• Supply and Demand
• Current Trends/Issues/Challenges
• Competition and Companies Involved in the Market
• Technology Landscape
• Value Chain of the Market
• Market Drivers and Restraints

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of Latin America)
• Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
• East Asia (China, Japan, South Korea)
• South Asia and Pacific (India, Malaysia, Indonesia, Singapore, Australia & New Zealand, Rest of South Asia and Pacific)
• Middle East and Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)

Report Highlights:

• Detailed overview of parent ATM Outsourcing Services market
• Changing ATM Outsourcing Services market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of value
• Recent industry trends and developments
• Competitive landscape of ATM Outsourcing Services market
• 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

ATM Outsourcing Services Market: Segmentation

Service Type

• End-to-End Outsourced ATM Services
• Individual Services
  • ATM Cash Management Services
  • ATM Site Outsourcing Services
  • ATM Site Maintenance & Repair Services
  • ATM Security Services
  • Others

ATM Deployment

• On-Site ATMs
• Off-Site ATMs
• Mobile ATMs