Gourmand Fragrance Market Assessment and Key Insights Analyzed Till 2028

A gourmand fragrance is a mixture of scented essential oils or aroma compounds, sprays, and solvents. Gourmand fragrances tend to smell edible, usually featuring notes such as honey, chocolate, candy, vanilla, caramel, almonds and so on. These top and middle notes may be combined with non-edible base notes like musk or patchouli.

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The global gourmand fragrance industry sets well ahead of the broad beauty market, providing steady positive growth and a firm ascendant trajectory. Outdoing the baseline beauty and personal care industry, a feat accomplished by both color cosmetics and fragrances, gourmand fragrances experienced a revitalization in mature markets in the face of a fresh customer, while simultaneously gaining new vendors in continually advancing evolving nations. Gourmand fragrances are also called foodie fragrances, and can be both feminine and masculine. Usually, they are warm and most wearable in the colder seasons. The gourmand fragrance market is becoming more consolidated over a period of time as large companies are acquiring smaller and niche brands.

Urbanization is Driving the Global Gourmand Fragrances Market

Gourmand fragrances are genuinely tempting and appealing, equipped with enticing essential oils and aromatic compounds. The applications of gourmand fragrances for those having a sweet tooth prompts a nirvana-like state in the consumers. Driven by continually-rising customer demand for air travel, travel retail has appeared as a reliable distribution channel for luxurious fragrances like gourmand fragrances in the past few years. The gourmand fragrance trend has gradually increased in popularity since 1992. In 1992, Thierry Mugler’s company MUGLER launched its first gourmand fragrance “Angel”; it was credited as the first modern Gourmand scent. “Angel” along with its companion scent Alien accounted for $280 Mn in annual sales which set the tone of the gourmand fragrance market. Furthermore, advancing technology is empowering the customization of fragrances, diverging custom blending from a luxury to a mainstream service. Going forward, the market is expected to see continuing sales growth in smaller fragrance products.

Global Gourmand Fragrance Market: Key Players

Some of the key players operating in the global gourmand fragrance market are INITIO Parfums Prives Perfumes and Colognes, Yves Saint Laurent Beauté, Dior, Lancome, MUGLER, Guerlain, CARNER BARCELONA S.L., Serge Lutens, Tom Ford, Xerjoff Lira, Acqua di Parma, Viktor&Rolf, Maison Francis Kurkdjian, Maison Margiela, Lolita Lempicka, KILIAN, Elie Saab, Kat Von D, Commodity, Prada, Marc Jacobs among others.

The global gourmand fragrance market has evolved on the framework of new products inventions, launching new products, the emergence of the small-scale players in the market creating a fuss about the benefits of gourmand fragrances through advertising activities and programs are some of the significant drivers reinforcing the growth of the gourmand fragrance market.

Key Developments:

In 2016, the online sales of Fragrances in U.K observed a raise of 20%. Total sales recorded in 2016 was £162 million, according to the NPD Group. Amazon is one of the internet giants, a growing seller of fragrances, including cosmetics. Also, in 2016, Prada, a key player in the gourmand fragrance market extended their extended the Prada Candy perfume range with new Prada Candy Sugar Pop eau de toilette Candy Kiss had musk as its hero ingredient. The packaging box featured a kiss motif inspired by the iconic Prada lip print. Owing to this product launch the company strengthened their grip in the gourmand fragrance market.

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Opportunities for Market Participants in the Gourmand Fragrance market

The divergence of volume and value growth of the gourmand fragrance market grew robust over the past few years. Thanks to the redefined niche genre of the market, which saw gourmand fragrances positioned as a piece of investment, cosseting a “less is more” outlook. Many luxury brands are expanding into fragrances as an entry point for consumers. Regionally, consumers of Western Europe as united represent the most valuable gourmand fragrance unit. In individual market terms, the United States trailed by Brazil claimed the accolade of largest fragrance nations.

Furthermore, a significant trend recognized in the market is the influence exerted by millennials. Millennials are heavy fragrance customers in many markets. Because of this, brands are trying to win them over by launching new products very often. Tapping into their communication and consumer experience codes. Furthermore, Fragrances are usually more reasonable than luxury goods such as bags or shoes, allowing the vendors to draw into the middle- and lower-income consumer segments, which is assisting the growth of the gourmand fragrance market.

Brief Approach to Research

The analysis will be done on modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the flavor, application and encapsulation process of the segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the gourmand fragrance market, including background and evolution
  • Macroeconomic factors affecting the market and its potential
  • Market dynamics, such as drivers, challenges and trends
  • Detailed value chain analysis of the market
  • Cost structure of the products and segments covered in the study
  • In-depth pricing analysis, by key product segments, regions and by major market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
  • Analysis of the market structure, including a tier-wise categorization of key market participants
  • Competitive landscape of the market, including detailed profiles of the top players in this market

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

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.

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Global Gourmand Fragrance: Market Segmentation

On the basis of Application, the global gourmand fragrance market has been segmented as –

  • Personal Care Fragrance
  • Home Care Fragrance
  • Pet and Animal Care Fragrance

On the basis of Nature, the global gourmand fragrance market has been segmented as –

  • Natural
  • Synthetic

On the basis of Region, the global gourmand fragrance market has been segmented as –

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • Asia Pacific Excluding Japan
  • Japan
  • MEA

On the basis of Source, the global gourmand fragrance market has been segmented as –

  • Honey
  • Chocolate
  • Vanilla
  • Almond
  • Others (Caramel, Milk, and Candy)

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

Fishing Reels Market is expected to grow at a CAGR of 4.9% during the forecast period 2021-2031

The latest study from Future Market Insights (IMF) provides a qualitative and quantitative assessment of the fishing reel market. It studies the market on the basis of product type, material type, fishing type and sales channel for the assessment period 2021-2031.

According to an in-depth study published by IMF, the global fishing reel market will reach US $ 8.6 billion in 2021. The growing demand of anglers and recreational anglers for sport fishing is driving the growth of the market. Driven by this, the market is expected to grow at a CAGR of 4.9% during the forecast period 2021-2031, compared to the CAGR of 3.3% from 2016 to 2020.

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A rapid increase in the trend of outdoor recreational activities such as fishing, hunting and others is creating a healthy demand for fishing reels. According to a study by the American Sport Fishing Association (ASA), more than 49 million people in the United States participate in recreational fishing activities each year. This increase in the number of anglers across the world is expected to create lucrative opportunities for the market.

The fishing industry is developing at a rapid pace. In response to this, several strict guidelines are being implemented for fishing in regional oceans to protect marine life and the environment. Several restrictions are in place on fishing using fishing nets. Driven by this, fishing reel sales are expected to increase to US $ 5.3 billion in 2021.

Based on the product type, spinning reels are expected to become the main category in the market, accounting for nearly 48.2% of total sales. The high efficiency, ease of use, durability and drag settings of spinning reels make them highly sought after in the market.

“The market is expected to gain popularity as the major players focus on launching customized and modified reels based on customer requirements. Intensive efforts by regional governments to promote recreational fishing activity will accelerate market growth, ”the IMF analyst said.

Key takeaways from fishing reel market research

• The United States is expected to become North America’s most lucrative market, contributing more than three-quarters of revenue in 2021.

• The UK is expected to experience rapid growth in the European market, with a CAGR of 4.8% during the assessment period.

• The Australian market is estimated to have the largest revenue share in Oceania, accounting for over 61.8% of sales through 2031.

• South Korea and Japan are expected to account for 12.6% and 24.3% market shares, respectively, in the East Asian fishing reel market in 2021.

• In terms of type of fishing, freshwater fishing is expected to dominate the market, accounting for 66.2% of the total share by 2021.

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Key factors

• Growing demand for strong and durable reels to withstand the corrosive saltwater atmosphere for recreational fishing activities is driving sales of aluminum fishing reels.

• The increasing availability of a wide range of products on e-commerce platforms is driving sales in the online retail segment.

Key restrictions

• The implementation of strict regulations to restrict fishing activities in North America and Asia-Pacific is hampering market growth.

Competitive landscape

Some of the leading companies in the global market are SHIMANO INC., Tackle World, Daiwa Corporation, TICA FISHING TACKLE and Pure Fishing, Inc. According to IMF, these players are expected to account for nearly 24% to 28% of the total revenue share up to ‘in 2031.

Major manufacturers are focused on adopting expansion strategies such as new product launches, mergers, acquisitions and partnerships to expand their product portfolio. Some companies aim to strengthen their digital presence to increase their consumer base. For example,

• In 2021, Abu Garcia, a reels and fishing equipment company, announced the launch of its unique ZENON rods and reels, which the company claims to be its lightest and most technologically advanced product on the market. The reels in this series are constructed of magnesium which provides better performance, less weight and more sensitivity in fishing sports.

• In 2020, Daiwa Corporation, a Japanese manufacturer of fishing equipment, announced the launch of its new website, specially designed to showcase the arrival of new fishing equipment, including rods, reels and others. The strategy will help the company expand its consumer base and strengthen its digital presence.

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Some of the major players operating in the market presented by IMF are:

• SHIMANO INC.
• Daiwa Company
• Abu Garcia
• NingBo HaiBao fishing tackle co., Ltd.
• OKUMA FISHING TACKLE CO., LTD
• Orvis, Inc.
• BPS Direct, LLC
• Attack the world
• TICA FISHING EQUIPMENT
• BCF Australia
• Pure Fishing, Inc. (Penn)
• Others

More Valuable Information About Fishing Reels Market

IMF in its new report offers an unbiased analysis of the Fishing Reels market, analyzing forecast statistics through to 2021 and beyond. The survey reveals growth projections in the Fishing Reels market with detailed segmentation:

By product type:
• Spinning reel
• Bait casting reel
• Spincast reel
• Fly reel
• Others (Offshore, Conventional, Surf Fishing, etc.)

By type of material:
• Stainless steel
• Aluminum
• Graphite
• Others (Plastic, Rubber, etc.)

By type of fishing:
• Freshwater fishing
• Saltwater fishing

By sales channel:
• Direct sales
• Hypermarkets / Supermarkets
• Specialty stores
• an outdoor sports store
• Online retailers
• Other sales channel (convenience stores)

By region:
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

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Key questions addressed in the report

• The report provides an overview of the demand outlook of the Fishing Reels market for the forecast period 2021-2031.

• The market research also highlights the forecasted sales growth for the Fishing Reels market between 2021 and 2031.

• Fishing Reels market research identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluating the current market size and forecast and technological advancements within Of the industry

• Analysis of fishing reels market share, covering key companies in the sector and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.

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Baking Molds & Trays Market will grow by 6.3% CAGR Driven by Increasing Sales of Wooden Based Baking Molds & Trays : FMI

[190 Pages Report] The baking molds & trays market, also called baking containers market, is estimated to reach US$ 773 Mn in 2021. Sales of baking molds & trays are likely to grow by ~6.3% CAGR between 2021 and 2031.

After a period of tepid sales following the COVID-19 outbreak, the demand baking molds & trays is recovering 2021 onwards. As per Future Market Insights (FMI), the consumption of metal baking molds & trays over plastic is expected to increase 1.3 times by 2031.

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Future Market Insights (FMI) has projected the baking molds & trays market to record 6.3% CAGR between 2021 and 2031. Due to increase in demand for sustainable packaging solutions globally, the wooden-based baking molds & trays are expected to outgrow the sales of plastic (CPET-based) baking molds & trays packaging solutions.

A majority of food packaging companies in the region are already exhibiting high demand for biodegradable packaging solutions for their food products in order to meet their sustainability targets. However, in the U.K., most of the prominent companies have shifted their focus from CPET material to wooden paperboard material due to significant increase in its demand in the last few years.

Companies such as Panibois was launched in such thinking to introduce complete wooden based baking molds & trays solutions in the market. With its extensive line of products, Panibois is one of the forth leading manufacturers in wooden based baking molds & trays solutions, and simultaneously meeting the sustainability criteria for Sustainable Development Goals 2030.

FMI forecasts that the sales of baking molds & trays will increase considerably in the coming years. Factors such as consumer inclination towards green solutions, easy disposable baking trays and molds, user experience and convenience factor coupled with advance recycling processes will exponentially increase the baking molds & trays sales globally.

Key Takeaways from Baking Molds & Trays Market

  • By cavity type, multiple cavity segment is ahead and leading the global baking molds & trays market. With its cost effectiveness, target segment is estimated to hold lion’s share of 80% during the forecast period.
  • On basis of material, silicone is mostly preferred in the market due to its durability, safety and hygienic properties. The same segment is anticipated to increase 2.02 times of current value, during next 10 years.
  • As per FMI experts, although industrial segment is expected to hold major chunk of the global market, commercial end use segment is expected to witness a gain of 150 bps of current value share by 2031, due to increasing health conscious youth preferring baked food over others.
  • East Asia and South Asia combined are anticipated to generate large financials for baking molds & trays market due to lower tax slabs and cheap labor and easy foreign investment laws. Collectively these two regions are estimated to create cumulative incremental opportunity of US$ 370 Mn by the end of 2031. On the other hand, mature markets of North America and Europe are expected to hold prominent market share of almost 37% by the year 2031.

 “The global consumption of bakery & confectionary products is rising exponentially, especially usage of ready to eat food products has opened attractive opportunities for baking molds & trays manufacturers to maximize their sales. Growing emphasis on safe and sustainable packaging is anticipated to redefine the baking molds & trays market growth,” says FMI analyst.

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High Perforation of Baking Molds & Trays in Food & Food Services Industry to Augment the Sales

Demand for global baking molds & trays market is on a rise because of the steady increase in the disposable incomes of middle-class families. They are manufactured of high quality such as silicone, plastic, metal and possess properties such as durability, uniformity, and are sustainable. These lightweight and recyclable molds & trays are predominantly used in food and food service sector baking and confectionary purposes. These are available in a variety of shapes in the market such as circular, oval, rectangular, etc.

Urbanization has increased the standard of living of middle class households, with increase in working class parents, families are more dependent on purchasing bakery and confectionary items from commercial outlets. This has been a major cause for exponential rise in the baking molds and trays market over the span of last few years.

Impact of COVID-19 on Baking Molds & Trays Market

Global crisis of COVID-19 pandemic had a low to moderate impact on the sales of baking molds & trays in the global market. Initially lack of availability of raw materials stopped the manufacturing process in factories across globe. Lockdown in prominent regions induced considerable impact on the manufacturing of baking molds & trays. Moreover, disruption of supply chains caused due to strict guidelines & overall lockdown lead to a complete shutdown of manufacturing plants for months. In general, the sales for baking molds & trays nearly halted during the lockdown causing a downgrade for the sales of target market. But during the last few months of the year 2020, supply chains were restored and trade routes re-opened due to which target market gained traction.

Baking Molds & Trays Market Landscape

Nordic Ware, Guardini S.p.A., SILIKOMART S.r.l. are the top players operating in the baking molds & trays market. Furthermore, Hans Brunner GmbH, Pavoni Italia S.p.A., Dongguan AASIN Technology Co. Ltd., Bold Maker are also the noticeable players in the baking molds & trays market. The Tier 3 players in the market hold 80-87% in the global baking molds & trays market. In conclusion, key players contribute almost 13-20% of the global market.

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Baking Molds & Trays Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global baking molds & trays market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the baking molds & trays market on the cavity type (single and multiple), material (plastic, silicone, metal, wooden, and others), and end use (commercial, household, and industrial) across seven regions.

Nanotechnology for food packaging Market Assessment and Key Insights Analyzed Till 2028

The last decade has observed an exponential growth in packaging and food sector in both developed and developing countries. Food is an edible substance which we usually get from animal or plant and contains necessary nutrients including proteins, carbohydrates, minerals, fats, and vitamins to assist life, energy, and growth. Food is a perishable commodity and hence contamination and degradation of food can occur at any stage of the food chain. It can be chemical, physical or biological. The presence of infectious organisms in food can result in food poisoning, which can be fatal, particularly for children, pregnant women, and elderly persons. Hence, it is highly crucial that the food must be protected at all levels by using good quality of packaging material, which is safe, cost-effective and non-toxic.

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Nanotechnology: A Boon to the Food Packaging Industry

The concept of nanotechnology was first introduced by Richard Feynman in 1959, and the term was later coined by Norio Taniguchi in 1974. Nanotechnology comprises of fabrication, characterization, and manipulation of molecules of nano-range (1-100 nm). This technology deals with nano-systems and nanomaterials. Nanomaterials are defined as materials with some dimension on the nanoscale, and these are classified into three categories – nanofibers, nanoparticles, and nano-plates.

Nanotechnology has multiple application areas such as packaging, nano-electronics, biomedical, security sensors, paints, textile, cosmetics, medical and healthcare, paper, construction, explosives & weapons and lubricants among others. Active packaging is designed to stop the growth of microbes once the packaging is opened by the customer and rewrapped with an active portion of the package. In the food industry, nanotechnology can be used to detect the presence of bacteria and microbes in packaging or to increase barrier properties.

Nanotechnology Applications in Food Industry:

As nanotechnology is the science of tiny particles that have a great impact on food packaging industry. There are various nanomaterials available in the market including titanium nitride nanoparticle, silver nanoparticle and nano-zinc oxide, nano-clay and nano-titanium dioxide are presented as functional additives for the food packaging industry. Nanotechnology driven food packaging market has been divided as follows:

Active packaging:

The use of nanomaterials is beneficial to interact directly with food to provide better protection to the product. Some nanomaterials such as nano-silver, nano-titanium dioxide, nano-copper oxide, carbon nanotubes and nano-magnesium oxide can provide antimicrobial properties.

Improved packaging:

To improve humidity resistance of packaging, temperature, and gas barrier, nanoparticles are combined with polymer chain as well as, temperature, humidity resistance of packaging. The United States Food and Drug Administration has approved the use of nano-composite in contact with food.

Smart/Intelligent packaging:

This is designed for sensing microbial or biochemical changes in the food. It can detect the development of pathogens in the food. Some smart packaging has been developed to use as a tracing device for food safety. Currently, British Airways, MonoPrix supermarket, and Nestle are using chemical sensors, which can quickly detect color change.

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Benefits:

Nano-sensors which are used in food packaging industries include electronic noses, nano-particles based sensors, nano-cantilevers, array biosensors, nano-test strips and nanoparticle in solution. Packaging with nano-sensors is helpful to identify internal and external conditions of food, and containers throughout the supply chain. Also, in plastic packaging, nano-sensors can detect gases in food when it spoils and as a result packaging changes the color to alert the consumer.

Films, which are packed with silicate nano-particles can lessen the flow of oxygen into the pack and leaking of moisture out of the pack. As a result, it protects the package from spoilage. Packaging waste associated with processed food can be reduced by nanotechnology and hence assist the preservation of fresh food.

Nanotechnology is used to produce smart packaging for extending the shelf life of a product and the product can be transported further. The antimicrobials and nano-sensors are developed in smart packaging to detect spoilage of food and release nano antimicrobials to extend shelf life. It helps supermarkets and hypermarkets to keep food fresh for longer period.

Research Methodology:

The sources which have been used to validate the estimated market size include annual reports of key market players, industry journals & magazines, research papers, and other relevant data available in the public domain.

Market Players:

Players operating in global nanotechnology for food packaging market are:

  • Valentis Nanotech
  • DuPont USA
  • Nanocor, (AMCOL International)
  • Inmat
  • Bayer AG
  • Ecosysthetix
  • Mitsubishi Gas Chemical Company, Inc.
  • Honeywell International Inc.
  • AdvanSix
  • Dong Yang Chemical 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.

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The report covers exhaust analysis on:

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

Regional analysis includes:

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

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.

Segmentation:

The nanotechnology for food packaging market has been segmented as follows:

On the basis of packaging type, the nanotechnology for food packaging market has been segmented as:

  • Active
  • Improved
  • Smart/Intelligent

On the basis of material type used, the nanotechnology for food packaging market has been segmented as:

  • Titanium Nitride Nanoparticle
  • Silver Nanoparticle
  • Nano-Zinc Oxide
  • Others

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

Behavioral Biometrics Market is anticipated to surge at a CAGR of 23.6% over the next ten years

As per Future Market Insights (FMI), the global behavioral biometrics market reached a valuation of around US$ 1.1 Bn in 2020, and is anticipated to surge at a CAGR of 23.6% over the next ten years.

Behavioral biometrics is an emerging technology that authenticates users based on patterns in their behavior. Behavioral biometric verification methods include gait analysis, keystroke dynamics, voice ID, signature analysis, mouse use characteristics, and cognitive biometrics.

Behavioral biometrics can be used to digitally identify a person to grant access to systems, devices, or data. It is used to identify criminal behavior and stolen/fake identities in the application flow and during online sessions. Continuous identity verification & validation helps to prevent account takeovers by detecting aberrant behavior.

The security industry is increasingly adopting behavioral biometrics cloud-based software to gain significant benefits such as scalability, robustness, user-friendly access, low cost, reduced complexity, and a granular level of fraud detection and ensure the security of information. These solutions can help companies to improve their safety features and safeguard organizational data by allowing access to authorized persons.

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Key Takeaways from Behavioral Biometrics Market Study

  • Identity verification & validation applications will account for more than 32% of the market, owing to higher demand of online transactions.
  • Behavioral biometrics software will reflect higher adoption rates holding 59.8% of the market, supported by enhanced security systems requirements of industry end users.
  • India, and Indonesia are leaders in the South Asia & Pacific market, registering a CAGR of over 38% and 34% through 2031, on the back of growing business requirements.
  • The market in the U.S. is projected to expand at a CAGR of 17.0% through 2031 backed by presence of a mature business sector.
  • pplications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban center
  • pplications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban center
  • Applications of Intelligent Transportation System (ITS) technologies is highly
  • encouraged in emerging smart cities to handle the current challenges of the continuous
  • growth in the number of vehicles that ply the highways in urban centers

Key players are focusing on the development and implementation of new solutions/technologies including next-generation identification solutions and behavioral biometrics technology to offer better security and high protection. Recent improvements in real-time authentication & fraud prevention will create opportunities for growth in the foreseeable future,” says a Future Market Insights (FMI) analyst.

Impact of COVID-19 on Behavioral Biometrics Market

The COVID-19 outbreak has disrupted many industries, including the behavioral biometrics market. The integration of behavioral biometrics technology is an important tool for tackling advanced threats while enabling innovation and growth at a better time.

The adoption of digital banking increased during COVID-19 pandemic. Financial institutions saw a 200%-250% increase in digital channel usage on average. Also, advanced fraud attacks have become an even bigger threat for banking and financial institutions.

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The demand for behavioral biometrics software, human behavioral patterns, smart sensors, machine learning/deep learning, and biometric technologies increased during the lockdown implemented in response to the COVID-19 outbreak.

This is fueled the demand for behavioral biometrics. The behavioral biometrics market is grew by 4.8X from 2019-2020 and would see a surge in demand in the coming years, as enhanced security systems become the new norm.

Behavioral Biometrics for Continuous Authentication to Have Positive Impact on the Market

A continuous behavioral biometrics authentication system focuses on keystroke dynamics, application usage, mouse movements, and the system footprint. Behavioral biometrics with continuous authentication offers various applications such as stop account takeovers and automated attacks, verifying identity reliably for superior user experience, and strong customer authentication without sacrificing customers and others.

Integration of behavioral biometrics with customer services management applications has emerged as a prominent driver for the growth of the behavioral biometrics market. For instance, in December 2020, Plurilock has developed the behavioral biometrics infrastructure with significant optimizations for a new version of biometric technology, which is included in its Plurilock ADAPT multifactor authentication and Plurilock DEFEND continuous authentication solutions.

More Valuable Insights on Behavioral Biometrics Market

FMI’s report on the behavioral biometrics industry research is segmented into five major sections – solution (behavioral biometrics software (cloud-based and on-premise), and services (professional services (consulting services, implementation services, support & maintenance) and managed services), application (identity verification & validation, fraud prevention, multi-factor authentication, and others), enterprise size (Small and Medium-Sized Enterprises (SMEs)

and large enterprises), industry (Banking, Financial Services and Insurance (BFSI), retail and eCommerce, healthcare, IT & telecom, government and defense, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the behavioral biometrics demand outlook.

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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Europe Multi Attachment Loaders Market is projected to expand at 2.8% CAGR between 2021 and 2031.

According to Future Market Insights (FMI), the Europe multi attachment loaders market is expected to grow at 2.8% CAGR through forecast period of 2021-2031. Sales of multi attachment loaders in the Europe market is set to total US$ 833.8 Mn in 2021, with a stable long-term projection.

[232 Pages Report] The Europe Multi Attachment Loaders market is anticipated to register a year-on-year (YoY) growth of 2.4% and reach US$ 833.3 Mn by end of 2021. Sales of multi attachment loaders in the Europe market is projected to expand at 2.8% CAGR between 2021 and 2031.

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According to Future Market Insights (FMI), the ongoing growth of the construction & infrastructure sector in Europe is a key factor fuelling the demand for multi attachment loaders for construction applications. Coupled with this, the rising demand for compact machinery/ vehicles for material handling in agriculture and industrial sectors has boosted the demand of multi attachment loaders across the Europe.

Due to the COVID-19 outbreak, the demand for multi attachment loaders declined slightly in 2020. The effect of COVID-19 on demand from several end-use sectors like mining, and construction and general manufacturing was less, which affected the sales of multi attachment loaders in various countries.

The demand for small sized machinery to operate in compact spaces in certain construction sites will create opportunities for sales in multi attachment loaders market. Besides this, advancements in production technologies also will aid sales in the coming years.

Key Takeaways from Multi Attachment Loaders Market Study

  • By rated horsepower, the 50 Hp segment is projected to account for leading share in the Europe market.
  • The demand in the building & construction sector is set to hold over 35% of the market share on value basis by the end of forecast period.
  • Germany will remain a primary market within Europe, accounting for over 40% of the demand for multi attachment loaders registered in 2021.
  • Sales of multi attachment loaders with tipping load capacity of 1.5 to 2.5 ton is set to surge at CAGR of approximately 2.6% over the coming decade.

“As market players focus on navigating through challenges posed by the unprecedented pandemic outbreak, their focus on technological improvements will rise. This also will help the market recover growth within Europe,” says a Future Market Insights analyst.

Who is Winning?

The Europe multi attachment loaders market is moderately consolidated with the top players accounting for the maximum market share. In order to achieve more sales top companies, are creating contracts with end users and developing innovative products to reduce the operating cost and carbon emission. Along with that manufacturers are focusing on expanding their sales channel in order to achieve strong market presence.

Some of the key players in this industry include but are not limited to Wacker Neuson group, Volvo Construction Machinery, Doosan Bobcat, Kubota, Hitachi Construction Machinery, Liebherr, J.C. Bamford Excavators, YANMAR HOLDINGS CO. LTD, Schäffer Maschinenfabrik GmbH, Avant Tecno Oy, Multione, Mecalac , Caterpillar Inc., and SANY Europe GmbH.

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Find More Valuable Insights

The research report analyzes demand for Multi Attachment Loaders market. The Europe Multi Attachment Loaders Market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of rated horsepower, by tipping load capacity, end use and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand factors.

About Industrial Automation Division at Future Market Insights

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

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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.

Off Highway Tires Market 2021: Drivers, Marketing Strategy, Geographical Landscape, Challenge and Trends, Capacity and Price structure to forecast year 2028 

Global market witnessing shift in focus from product towards service – Emerging trend across all regions for optimizing customer’s total ownership cost

BRIC Countries Leading Towards Stellar Off Highway Tires Market Growth

Mexico, Brazil, India and China are making heavy investments in the construction sector, which in turn drives the demand and supply of off highway tires. In 2017, under “Belt and Road Initiative”, China had made a heavy investment of nearly US$ 9Bn in the construction projects with European countries. Growing demand from construction and mining industries in BRIC countries is expected to further drive off highway tires market. Growing presence of OEMs in Europe and North America that promote innovations and advancements in tire technology, catering to the surging needs of customers is likely to drive the growth of off highway tires market in both the regions.

Integration of Value-Added Technologies to Be Focal Point of Manufacturers in Off Highway Tires Market

Manufacturers in off highway tires market are taking immense efforts in working towards developing products with enhanced strength, durability as well as performance characteristics of tires. Integrated value-added technologies and new compounds such as TPMS (tire pressure monitoring systems) has been influencing manufacturers in off highway tires market to develop effective, durable and long-lasting tires. In addition, manufacturers are working towards improving tire features such as load puncture and cut resistance.

  • Apollo Tyres Ltd: The off highway tires market player lately introduced a new summer tire known as Apollo Aspire XP. This product has been developed considering the latest trend of material and construction technologies. Although these outstanding levels are for on-road comfort, Aspire XP with superior degree of safety, the company sales would eventually be impacting on the sales of off highway tires as well as the company is planning to improve the performance of off highway tires with improved flexibility and shock absorption.
  • Bridgestone India: The off highway tires market player recently announced about its partnership with the FICCI FLO of Pune for introducing initiative focusing on the empowerment of women. A substantial amount of approximately 40Lakhs INR has been funded to FICCI FLO Pune by Bridgestone India for offering two-wheeler driving trainings, thereby making them efficient delivery personnel. This in turn creates sales opportunities for off highway tires market manufacturers as well, as there might be considerable amount of individuals interested in learning off highway vehicles.
  • MICHELIN: The off highway tires market player recently announced that it has plans to shutdown its Dundee factory by 2020. Inspite of numerous efforts and several action plans, the plant seemed unsuitable to the modern transformations and turned out to be economically viable. This in turn is expected to significantly impact on off highway tires market.

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ATVs Notably Trending in Off Highway Tires Market

Increasing usage of off highway tires in the aggregate quarries for material handling and transport purposes is expected to boost the global market. Surging demand for ATVs (All-terrain vehicles) owing to its usage over multiple terrains that is inaccessible by the other vehicles is expected to drive off highway tires market to a larger extent. Off highway tires market is likely to experience development of green tires as a notable trend with increased focus on eliminating petroleum-based fuels. However, high-cost of the synthetic petroleum-based rubber and natural rubber have been significantly affecting the price value of off highway tires, thereby impacting global market growth.

Off Highway Tires Market research report offers detailed study of global market with industry-validated and statistically supported market data along with historical data and facts. The report also provides projections by means of suitable methodologies and set of assumptions. Furthermore, the off highway tires market research report delivers information and analysis based on market segments.

Off Highway Tires Market Research Report Holistically Covers:

  • Value chain
  • Technological advancements and innovations in off highway tires market
  • Competitive landscape
  • SWOT analysis
  • Demand and supply
  • Sizing of global market
  • Dynamics of off highway tires market
  • Segmental analysis of off highway tires market

Geographical Landscape in Off Highway Tires Market Includes:

  • North America off highway tires market includes (Canada and US)
  • Latin America off highway tires market includes (Brazil and Mexico)
  • Eastern Europe off highway tires market includes (Russia and Poland)
  • Western Europe off highway tires market includes (Spain, UK, France, Italy and Germany)
  • Asia Pacific off highway tires market includes (New Zealand, Australia, ASEAN, India and China)
  • Japan
  • Middle East and Africa off highway tires market includes (Northern Africa, Southern Africa and GCC countries)

Off highway tires market research report compiles lucrative information by industry analysts and experts across the value chain. The global report further offers detailed study of parent market governing factors, macro-economic indicators and trends together with lucrative segments. Furthermore, the off highway tires market research report maps qualitative impacts of several market aspects on regions and entire segments.

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Off Highway Tires Market

Categorization of Off Highway Tires Market Is Done Based On Sales Channel and End-Use

Based on sales channel, off highway tires market is bifurcated into

  • Replacement Tires
  • OEM

Based on end-use, off highway tires market is bifurcated into

  • Industrial
  • Agriculture
  • Mining
  • Construction

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Focal Points in the Market Research Report on Off Highway Tires:

  • Neutral viewpoint on global market performance
  • Niche and potential segments
  • Regions exhibiting potential growth
  • Key players detailed information with strategies
  • Industry latest trends and developments
  • Comprehensive market segmentation
  • Changing market dynamics
  • In-depth outline of parent market

Recycled Scrap Metal Market is anticipated to expand at a steady 5.4% CAGR over the forecast period between 2021 and 2031

The global recycled scrap metal market is anticipated to expand at a steady 5.4% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Increasing production of iron and steel is boosting demand for recycled scrap metals. Growing utilization of scrap metals in steel production and in non-ferrous metals processing is further expected to boost the consumption rate of recycled scrap metals.

Rapid development of the building and construction sector also is propelling sales of recycled scrap metals. Increments in the production of automotive, shipbuilding aero plane manufacturing are also bolstering the consumption rate of recycled scrap metal.

Production and processing of ferrous as well as non-ferrous metals produces scrap. These scraps are further utilized in the processing of various products to reduce waste generation. Growing demand for waste management and initiatives taken by regional government bodies to minimize waste is expected to bolster sales of recycled scrap metals over the forecast period.

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As per FMI, the East Asia region is anticipated to be a key consumer of recycled scrap metals owing to strong production of iron and steel, especially in China. Backed by the aforementioned factors, the global recycled scrap metal market is projected to top US$ 98.5 Bn by 2031.

“Increasing production of electric vehicles in the automotive sector, along with rising sales of consumer electronics and wearables are anticipated to continue driving sales of recycled metal scraps over the assessment period,” says an FMI analyst.

Key Takeaways:

  • By metal type, demand for ferrous metals is expected to surge at a 5.4% CAGR over the forecast period.
  • The post-consumer recycled scrap metal segment is projected to hold approximately 85% of the total market share in 2021.
  • Applications of recycled scrap metals in the equipment and tools segment are anticipated to grow at a 4.6% CAGR through 2031.
  • Sales of recycled scrap metals in the U.S. are anticipated to increase by 4.9% year-over-year in 2021.
  • Russia will emerge as an attractive recycled scrap metals market, with sales growing at a 4.4% CAGR in 2021.
  • China is expected to account for over 80% of the East Asia recycled scrap metals market share in 2021.
  • Japan and South Korea will collectively account for 9.9% of the total recycled scrap metals market share through 2031.

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Competitive Landscape         

Key market participants in the global recycled scrap metal market elaborated in the report includes ArcelorMittal, Aurubis AG, China Baowu Group, HBIS Group, Sims Metal Management Ltd., HKS Metals, Nucor Corporation, AMG Resources Corporation, Celsa Group, EMR Group, CRONIMET Holding GmbH, GLE Scrap Metal, Tucson Iron and Metal, ELG Haniel GmbH, Atlantic Recycling Group, LLC, Baroni Scrap Metal LLC, Kuusakoski Group Oy, IMR Innovative Metal Recycling GmbH, Romukeskus Oy, Commercial Metals Co (CMC), MetalCirc Oy, GMH Recycling GmbH, Eco-Bat Technologies Ltd., and Evraz plc.

Key players operating in the global recycled scrap metal market are focusing on increasing utilization of scrap metals to produce iron and steel to decrease waste generation and operating expenditure. Further, leading players are focusing on collaborations, mergers, and acquisitions to expand their production facilities and distribution channels. For instance:

  • In Oct 2021, Nucor launched Econiq, a series of net-zero carbon steel products. By Econiq, Nucor is providing the lowest greenhouse emission gas steel products to steel consumers.

Increasing Iron and Steel Production Boosting Recycled Scrap Metal Sales

Rapid expansion of the construction sector, automotive production, industrial machinery, tools and equipment sector, and ship building is spurring the demand for iron and steel. Investment towards infrastructure, especially in developing nations is also boosting demand for iron and steel in civil construction. This is resulting in increasing sales of recycled scrap metals, and the trend is expected to continue over the forecast period.

Significant growth in the construction and infrastructure sector in China in the past few years has boosted the consumption of iron and steel, resulting in high demand for scrap metals for the production. As scrap metal utilization helps in reducing carbon emission and waste generation, key players are preferring scrap metals to produce iron and steel. This reduces overall production cost and helps companies in achieving their sustainability goals.

China also has significantly increased its steel production in the last decade, which has boosted the demand for recycled scrap metals. Overall increase in iron and steel production is anticipated to propel the consumption rate of scrap metals in the coming years.

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More Insights into the Recycled Scrap Metals Market Report

In its latest report, FMI offers an unbiased analysis of the global recycled scrap metal market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of metal type (ferrous and non-ferrous), source (production scrap and post-consumer scrap) and end-use (transportation, building & construction, consumer electronics, packaging, equipment & tools, art, décor and home furnishing and jewelry) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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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Peelable lidding films Market Assessment and Key Insights Analyzed Till 2028

Peelable lidding films are glossy, transparent, have high burst strength, and have thermal resistance properties. Conventional applications of peelable lidding films included medical devices packaging, as they are easy to open and highly preferred for an emergency situation. Later, with modification in the polymers, they were processed in such a way that they could be used as a packaging material for different food products.

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Convenient features of peelable lidding films increase its preference from consumers end. These films have oxygen barrier property. Therefore, they form a protective layer and also extends the shelf life of food products. Peelable lidding films can be microwaved, chilled or frozen. Thus, they are used for different end use such as food industry, pharmaceuticals industry, cosmetics & personal care and others.

Peelable lidding films market: Dynamics

Peelable lidding films maintain color, flavor, texture, and the taste of the food products. Also, they have hot tack and heat seal strength. Therefore, these films can be used as a packaging film for ready meals. These advantageous features of the peelable lidding films make them suitable to be used as packaging material for the food industry. The food industry consumes more than 65% of peelable lidding films. Peelable lidding films are easily cleanable, reclosable and have great preservation properties. Thus, they are used as packaging film in the pharmaceuticals industry.

Leading players of peelable lidding films market are majorly focusing on enhancing features of the films and working on cost optimization. In July 2014, DuPont and Reifenhäuser Group collaborated in order to increase the efficiency of peelable lidding films and to reduce the cost of the film. These peelable packaging films are used for packaging fat and meat juice. Earlier the lidding films were used with LDPE sealing layer, after collaboration, these films are made up of PET-based DuPont Appeel sealant resin that has high-fat barrier property, perforation resistance, has a glossy appearance and is transparent. The new peelable lidding films has enhanced features and has reduced the cost, by eliminating the additional polyolefin lamination film.

In 2015, Rockwell Solution limited launched laser perforated peelable lidding films for ready meals. The company is a key player in the peelable lidding films market, produces Polylactic Acid (PLA) peelable lidding film, and further focuses on manufacturing anti-fog high clarity peelable lidding films.

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Tier Analysis: Peelable lidding films market

Tier 1 analysis: The leading players of peelable lidding films market are Rockwell Solutions Limited (Sappi Group), Lindamar Industries, Toray Plastics (America), Inc., Bemis Company, Inc., NatureWorks LLC., Amcor limited, 3M Company and others

Tier 2 analysis: The mid-level players of peelable lidding films market are Plastopil Hazorea, Wipak Walsrode GmbH & Co. KG, Clifton Packaging Group Limited, Golden Eagle Extrusions Inc., RPC bpi protect, KWH Plast Schur Flexibles Ltd, Reifenhäuser Group and others.

Tier 3 analysis: The emerging players of peelable lidding films market are Guangdong Lihong Packaging Co., Ltd., Lynnpak Packaging Ltd., Cosmo Films Ltd and others.

Peelable lidding films market: Regional Overview

The global peelable lidding films market has been divided into seven key regions –

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East & Africa (MEA)

In terms of value and volume, the European region is expected to lead the overall peelable lidding films market. In Asia Pacific region peelable lidding films market is expected to expand at a CAGR of 7.2%, during the forecast period. Manufacturers in North American region are majorly focusing on collaboration activates to enhance the properties of peelable lidding films.

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

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.

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Peelable lidding films market: Segmentation

The peelable lidding films market is segmented into material type, end use and application type.

On the basis of material type, peelable lidding films market is segmented into:

  • Polyethylene terephthalate (PET)
  • Polyethylene (PE)
  • Low density polyethylene(LDPE)
  • High Density polyethylene(HDPE)
  • Polyester (PS)
  • Polypropylene(PP)
  • Polylactic acid (PLA)
  • Aluminum
  • Others

On the basis of end use, peelable lidding films market is segmented into:

  • Food & beverage industry
  • Pharmaceuticals
  • Cosmetics and personal care
  • Homecare
  • Others

On the basis of application type, peelable lidding films market is segmented into

  • Trays
  • Bowls
  • Cups
  • Cans & bottles
  • Containers
  • Jars
  • Others

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

Wind Power Coatings Market Exhibits 11.3% CAGR as Government Support to Alternate Energy Sources Grows

[314 Pages] The global wind power coatings market grew year-over-year by 9.7% between 2020 and 2021. Growing demand for wind turbines across the globe owing to governmental initiatives undertaken to promote power generation from wind energy are expected to elevate the demand for wind power coatings between 2021 and 2031.

The global wind power coatings market is estimated to expand a11.3% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Increasing focus on alternate sources of energy has led to surge in wind turbine installation worldwide. This has in turn created conducive environment for sales of wind power coatings.

The installation of wind turbines has risen in tandem with the demand for cleaner energy sources. Application of wind power coatings is the essential step within wind turbine manufacturing. Besides protecting such a large and costly structure, wind power coatings also ascertain longer life span of wind turbines protecting them from corrosion, erosion, and wear and tear.

However, application of wind power coatings require skilled labor and advance equipment. Unavailability of the same could hamper growth of the market.

Key Takeaways:

  • Global wind power coatings market value is expected to surpass US$ 3.5 Bn by the end of the forecast period.
  • The onshore coatings segment is expected to register maximum sales.
  • East Asia is expected to be the dominant region in terms of production and consumption of wind power coatings.
  • Demand from Japan and China will support sales of wind power coatings in East Asia.
  • Demand in the U.S. will grow by 9.8% year-on-year in 2021 backed by surging focus on expanding the renewable energy infrastructure.
  • The U.K. and Germany will emerge as highly lucrative market for sales of wind power coatings within Europe.

“In order to gain competitive edge, the market players are eyeing at strategic collaboration. Besides this, they are expanding their portfolio to include coatings with advanced features. This is expected to aid the expansion of the market in the coming years,” says an FMI analyst.

Competitive Landscape     

Key manufacturers of wind power coatings Includes Hempel A/S, PPG Industries, Inc., Covestro AG, Akzo Nobel N.V., BASF, The Sherwin-Williams Company, Jotun Group, Teknos Group Oy, 3M, Sika AG, Thomas Industrial Coatings, Mankiewicz Gebr. & Co. (GmbH & Co. KG), Bergolin GmbH & Co. KG, Duromar, Inc. and others.

More Insights into the Wind Power Coatings Market Report

In its latest report, FMI offers an unbiased analysis of the global wind power coatings market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of type, coating method, application, utilization, and Region

About Chemicals & Materials division of FMI

The Chemicals & Materials division at FMI offers distinct and pin-point analysis about the chemicals & materials industry. Coverage of the chemicals and materials  market extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites, and nanotechnology. The team also puts special emphasis on ‘green alternatives’, recycling and renewable technology developments, and supply-demand trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.

Wind Power Coatings Market by Category

By Type

  • Polymer Coatings
    • Epoxy
    • Polyurethane
    • Acrylic
    • Fluoropolymer
    • Others
  • Ceramic Coatings
  • Metal Coatings

By Coating Method

  • Spray
  • Roller
  • Others

By Application

  • Offshore
    • Offshore Blade
    • Offshore Tower
    • Offshore Interior
    • Offshore Turbine Foundation
  • Onshore
    • Onshore Blade
    • Onshore Tower
    • Onshore Interior
    • Onshore Turbine Foundation

By Utilization

  • OEM
  • Maintenance

By Region:

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

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.