Patient Portal Market is Predicted to Grow at an Astounding CAGR of 14.8% to reach USD 19.08 Billion by 2034 | FMI Study

Patient Portal Market
Patient Portal Market

The Patient Portal Market is experiencing rapid growth, driven by the increasing demand for convenient and secure healthcare access. The market is projected to reach a substantial USD 19.08 billion by 2034, growing at an impressive CAGR of 14.8% from its current valuation of USD 4,800.3 million in 2024.

Patient portals are secure online platforms that give patients access to their medical records, laboratory results, and other health-related information. Patients can also use portals to schedule appointments, request prescription refills, and communicate with their healthcare providers.

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The growth of healthcare facilities worldwide influences the Global Patient Portal Industry. Patient portal usage is rising quickly due to mandatory federal regulations and the integration of growth in the US electronic health records (EHR) market. Additionally, technology-based businesses are creating web-based apps for patient portals. This provides access to store and retrieve crucial data as a result. The COVID-19 pandemic has fueled a rise in teleconsultation services.

Patient portals are secure online platforms that give patients easy access to their medical information, appointment scheduling, and communication with their healthcare providers. They offer a variety of features, including:

  • Access to medical records, such as lab results, imaging reports, and medication lists
  • Appointment scheduling and reminders
  • Prescription refills
  • Secure messaging with healthcare providers
  • Online bill pay
  • Educational resources on health and wellness

Patient portals offer several benefits for both patients and healthcare providers. For patients, they can provide convenience, empowerment, and peace of mind. For healthcare providers, they can improve efficiency, communication, and patient engagement.

The increasing adoption of patient portals is being driven by some factors, including:

  • The rising demand for EHRs: EHRs are electronic versions of patients’ medical records. They provide a central repository for all of a patient’s medical information, which can be accessed by healthcare providers from different locations. Patient portals are often integrated with EHR systems, which makes it easy for patients to access their medical information through the portal.
  • Mandatory federal norms: The Meaningful Use program incentivized healthcare providers to adopt EHRs and patient portals in the United States. While the Meaningful Use program ended in 2018, many incentives are still in place through other programs, such as the Merit-based Incentive Payment System (MIPS).
  • The benefits of patient portals: Patient portals offer several benefits for both patients and healthcare providers, as mentioned above. This is leading to increased adoption of patient portals by healthcare facilities of all sizes.

Patient Portal Market Key Takeaways:

  • Patient portals are secure online platforms that give patients easy access to medical information, appointment scheduling, and communication with their healthcare providers.
  • The increasing adoption of patient portals is attributed to their benefits to patients and healthcare providers.
  • Patient portals can help patients manage their health better, improve communication with their healthcare providers, and reduce healthcare costs.
  • Healthcare providers can use patient portals to improve patient care, increase efficiency, and reduce costs.
  • The critical drivers of the Global Patient Portal Industry include the increasing adoption of EHRs, the growing demand for teleconsultation services, and government support for digital healthcare initiatives.

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Patient Portal Market Key Companies Profiled:

  • Allscripts Healthcare Solutions, Inc.
  • NextGen Healthcare Information Systems
  • McKesson Corporation
  • Cerner Corporation
  • Greenway Health, LLC
  • athenahealth, Inc.
  • Epic Systems Corporation
  • GE Healthcare
  • Medfusion Inc.

Key Segments Covered in the Patient Portal Market

By Type:

  • Standalone Patient Portal
  • Integrated Patient Portal

By Delivery Mode:

  • Web-based Patient Portal
  • Cloud-based Patient Portal

By End-Use:

  • Patient Portal for Providers
  • Patient Portal for Payers
  • Others

By Region:

  • North American Patient Portal Market
  • Latin America Patient Portal Market
  • Europe Patient Portal Market
  • Asia Pacific Patient Portal Market
  • Middle East & Africa Patient Portal Market

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Back Therapy Kits Market is expected to reach USD 6.1 Billion by 2034, at a steady CAGR of 4.2% | FMI Study

Back Therapy Kits Market
Back Therapy Kits Market

The Back Therapy Kits Market is experiencing significant growth, driven by increasing awareness of back pain and the availability of effective treatment options. The market is currently valued at USD 4 billion in 2024 and is projected to reach USD 6.1 billion by 2034, growing at a CAGR of 4.2%.

Battery-powered back therapy kits are leading the market, capturing over 81.5% of the market share in 2022. This dominance highlights the preference for portable and convenient solutions for back pain management.

Back Therapy Kits come across as at-home medical devices used for managing pain, especially in the lower back. At the lower back, they are secured with a strap. The Back Therapy Kits make use of TENS technology to transmit vibration to the body to relieve pain.

Patients suffering from back pain are advised to attend 15 to 20 sessions every single day using Back Therapy Kits. The sportspersons prefer them for relaxing their lower back.

These days, strapless Back Therapy Kits are the buzzword. Homecare settings followed by rehabilitation centers generally use Back Therapy Kits.

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At the same time, higher costs involved concerning Back Therapy Kits are expected to restrain the Back Therapy Kits market going forward.

In its latest market study entitled ‘Back Therapy Kits Market’, Future Market Insights has entailed these facts with future prospects. It has its line of expertise in the form of analysts and consultants to deploy an eagle’s eye view in its primary, secondary, and tertiary modes of research.

“With realization of the fact that vibration provided by Back Therapy Kits provides relief from muscle strain, the global Back Therapy Kits market is expected to go good in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Back Therapy Kits Market

  • North America holds the largest market share with the US witnessing continuous development of therapies.
  • Europe is expected to stand second with the UK and Germany showing the same prospects as the US.
  • The Asia-Pacific is expected to grow at the quickest rate in the Back Therapy Kits market in the forecast period with increasing incidences of lower back pain all across Japan, China, and India. Also, the WHO has confirmed that every sixth person in India suffers from arthritis at a certain point in their lives. The rising geriatric population is another point to look into. This is evident from the fact that as per the UN’s ESCAP (Economic and Social Commission for Asia and the Pacific), nearly 1.3 Billion people will be aged 60 and above by the year 2050.

Back Therapy Kits Market Competitive Landscape:

  • The key players in Back Therapy Kits market include Sanofi S.A., Polar Products Inc., Hocomo, Bayer AG, Brooks Life Sciences, Tynor, Amedica, Alliance Spine, Globus Medical, Captiva Spine, and likewise.
  • The players mentioned above are engaging in various modes of expansion like new product launches, mergers, acquisitions, partnerships, and joint ventures, and likewise to make a mark for themselves amidst the call for innovations.
  • Pfizer, Inc. is known for its drug called ‘tanezumab’ since the year 2017. It was when it received approval from the US FDA with regards to treating chronic low back pain. It’s interesting to learn that tanezumab is one of the humanized monoclonal immunoglobulin G2 (IgG2) to substitute opioids.

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What does the Report say?

  • The research study is based on product type (strapped Back Therapy Kits and strapless Back Therapy Kits), connectivity (wired Back Therapy Kits and battery operated Back Therapy Kits), and end-user (hospitals, orthopedic clinics, rehabilitation centers, long term care centers, and homecare settings).
  • With rising demand for at-home care settings, the global Back Therapy Kits market is expected to grow inadvertently in the forecast period.

Key Segments Covered in the Back Therapy Kits Market Study

Back Therapy Kits Market by Product Type:

  • Strapped Back Therapy Kits
  • Strapless Back Therapy Kits

Back Therapy Kits Market by Connectivity:

  • Wired Back Therapy Kits
  • Battery-Operated Back Therapy Kits

Back Therapy Kits Market by End User:

  • Back Therapy Kits for Hospitals
  • Back Therapy Kits for Orthopedic Clinics
  • Back Therapy Kits for Rehabilitation Centers
  • Back Therapy Kits for Long-term Care Centers
  • Back Therapy Kits for Homecare Settings

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Pet Stain Remover and Odor Control Market is Expected to Reach US$ 14 Billion by 2033

In 2023, the market for pet stain remover and odor control products is estimated to be worth USD 9 billion. It is anticipated to grow to USD 14 billion by the year 2033. The adoption of these products is expected to progress at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period.

The market is witnessing the emergence of fast-acting stain removers and odor control products that offer rapid results, saving time and effort for users. Incorporating bioactive additives derived from natural sources helps enhance the cleaning power and odor control capabilities of pet stain removers, providing a more eco-friendly solution.

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The increasing popularity of e-commerce and subscription-based models offers avenues for online sales and delivery of pet stain remover and odor control products. Building direct-to-consumer channels and offering subscription services can provide convenience and long-term customer engagement. Incorporating pleasant fragrances and aromatherapy elements in pet stain remover and odor control products can create a more enjoyable pet care experience. Offering a range of scents or therapeutic options can tap into the growing demand for well-being-oriented pet products.

Key Takeaways from the Pet Stain Remover and Odor Control Market

  • As per FMI, the United States is spearheading the growth across North America, surging at a CAGR of 4.3% during the forecast period.
  • United Kingdom is expected to grow at a CAGR of 4.1% during the forecast period.
  • As per Future Market Insights, dogs are expected to dominate the animal type with a market share of 41% in 2023.                                                                                                              

How Key Players are revolutionizing the Pet Stain Remover and Odor Control market?

Key players in the pet stain remover and odor control market are driving a revolution by introducing innovative solutions that effectively tackle pet-related stains and odors. These companies are investing in research and development to develop advanced formulas and technologies that provide superior cleaning and odor control capabilities.

They are focusing on eco-friendly and pet-safe ingredients, ensuring their products are not only effective but also sustainable. Key players are enhancing user experience through user-friendly packaging, convenient application methods, and improved product performance. With their continuous efforts in product innovation and customer satisfaction, these industry leaders are reshaping the pet stain remover and odor control market and meeting the evolving needs of pet owners worldwide.

Key Players in the Market:

  • Simple Solution
  • Angry Orange
  • Sunny and Honey
  • Nature’s Miracle
  • Odo-Rite
  • Citrus Magic
  • Skouts Honor Pet Supply Co.
  • Charmypet Co., Ltd.
  • RESOLVE
  • Woolite
  • BISSELL
  • Arm & Hammer
  • Clorox
  • OxiClean
  • Hoover

Strategies for Pet Stain Remover and Odor Control Manufacturers to Expand in the Market

  • Develop eco-friendly formulations to cater to environmentally conscious consumers.
  • Establish strategic partnerships to expand market reach and distribution channels.
  • Invest in research and development for innovative cleaning technologies and solutions.

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Market Segmentation

By Product Type:

  • Solution Spray
  • Foam Spray
  • Stain Carpet
  • Powder
  • Stain Liquids

By Animal Type:

  • Dogs
  • Cats
  • Birds
  • Other Animals

By Price Range:

  • Low
  • Medium
  • Premium

By Sales Channel:

  • Wholesalers/ Distributors
  • Supermarkets
  • Online Retailers
  • Pharmacy/ Drug Stores
  • Pet Speciality Stores
  • Convenience Store
  • Other Sales Channels

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Consumer Electronics Packaging Market: Set to Grow from US$ 19.6 Billion in 2024 to Over US$ 30.4 Billion by 2034

Consumer Electronics Packaging Market
Consumer Electronics Packaging Market

The global consumer electronics packaging market size is estimated to be around US$ 19.6 billion in 2024. It is projected to exhibit a CAGR growth of 4.5% over the forecast period, with an estimated valuation of US$ 30.4 billion in 2034. With the continuous introduction of new electronic devices and gadgets, there is a constant demand for innovative packaging solutions to protect these products during transportation, storage, and display. Additionally, the growing trend of eCommerce and online retailing has fueled the need for durable and secure packaging to ensure safe delivery to consumers’ doorsteps.

Despite its growth potential, the consumer electronics packaging industry faces several challenges that act as restraints to its progress. One significant restraint is the constant pressure to reduce packaging costs while maintaining quality and functionality. This often leads to compromises in material quality and durability, which can impact the protection of electronic devices during transit.

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A significant opportunity for players lies in the development of smart packaging solutions that integrate technology to enhance product functionality and user experience. Furthermore, the increasing adoption of sustainable packaging materials presents an opportunity for companies to align with environmental initiatives and tap into the growing market for eco-friendly solutions.

One notable trend is the increasing use of minimalist packaging designs, characterized by sleek and compact layouts that reduce material usage and environmental footprint. Another trend is the integration of smart packaging technologies, such as RFID tags and NFC chips, to enable product tracking, authentication, and interactive experiences for consumers. Moreover, there is a growing emphasis on biodegradable and compostable packaging materials, driven by consumer preferences for eco-friendly products and brands committed to sustainability.

“The rising demand for personalized and customized packaging offers opportunities for packaging manufacturers to differentiate their products and cater to the unique needs of consumers.” Says a Lead Analyst at FMI.

Key Takeaways from the Market Study

  • Corrugated boxes hold a dominant share of 23.1% in 2024, providing a cost-effective solution for manufacturers.
  • Mobile phone packaging marks its dominance with a 24.1% share in 2024.
  • The consumer electronics packaging industry in the United States is anticipated to rise at a CAGR of 2.4% through 2034.
  • The consumer electronics packaging industry in the United Kingdom is projected to rise at a CAGR of 4.6% through 2034.
  • China’s consumer electronics packaging industry is likely to witness expansion at a CAGR of 6.5% through 2034.
  • Japan’s consumer electronics packaging industry is projected to rise at a CAGR of 3.6% through 2034.
  • South Korea’s consumer electronics packaging industry is set to expand at a CAGR of 5.6% through 2034.

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Competitive Landscape

The consumer electronics packaging industry includes established giants like Tetra Pak, Amcor, International Paper, and Sealed Air vie for dominance while facing increasing competition from startups. These industry players command a significant market share with their robust infrastructure and diverse offerings, yet they must contend with innovative upstarts focused on customization, sustainability, and cost efficiency. The sector is characterized by a dynamic interplay between established players and emerging challengers, shaping the landscape with their evolving strategies and market approaches.

Sustainability is emerging as a crucial element in the consumer electronics packaging industry, driven by consumer demand and regulatory pressures. Companies are under increasing pressure to adopt eco-friendly practices and materials, with innovations in sustainability offering a competitive edge.

As the industry expands into emerging markets like China and India, companies face both opportunities and complexities. While these regions offer vast potential, navigating local regulations, preferences, and supply chains requires adaptability and a deep understanding of each industry.

Recent Developments:

  • Mondi Group created a novel packaging solution called PerFORMing, which is a paper-based tray that can replace plastic trays in food packing. The product is recyclable, biodegradable, and cuts plastic use by 80%.
  • Sonoco Products Company announced a new sustainability target of reducing greenhouse gas emissions by 25% by 2025. The corporation also intends to enhance its usage of renewable energy and invest in energy-efficiency initiatives.
  • Sealed Air Corporation recently introduced a new product line dubbed Korrvu Lok, a compression packaging technology that keeps items in place and minimizes damage during transportation. The solution is intended for eCommerce and omni-channel businesses, and it may minimize packaging material and labor expenses.
  • Huhtamaki Oyj acquired Jiangsu Hihio-Art Packaging Co. Ltd., a Chinese maker of paper bags, wraps, and folding carton packaging. Huhtamaki’s position in the developing foodservice packaging sector in China and Asia Pacific will be strengthened as a result of the purchase.

Key Segments

By Product Type:

  • Corrugated Boxes
  • Paperboard Boxes
  • Thermoformed Trays
  • Bags & Pouches
  • Blister Packs & Clamshells
  • Protective Packaging
  • Others

By Application:

  • Mobile Phones
  • Computers
    • Laptops & Tablets
    • Desktops & Servers
  • TVs, DTH & Set-Top boxes
  • Music Systems
  • Printers, Scanners & Photocopy Machines
  • Game Consoles & Toys
  • Camcorders & Cameras
  • Electronic Wearable
  • Digital Media Adapters
  • Others

By Material Type:

  • Plastic
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Poly Vinyl Chloride (PVC)
    • Polyamide (PA)
    • Polyethylene terephthalate (PET)
    • Polystyrene (PS)
    • Others
  • Paper & Paperboard
  • Others

By Region:

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

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Duct Tape Market Insights: Moderate Growth with a 5.1% CAGR to Surpass US$ 8.0 Billion by 2034

Duct Tape Market
Duct Tape Market

According to Future Market Insights, the duct tape market is poised for significant growth, with its size expected to increase from US$ 4.9 billion in 2024 to US$ 8.0 billion by 2034. Over the next decade, a moderate 5.1% CAGR in the demand for duct tape is projected to drive the expansion, which had seen a CAGR of 3.0% between 2019 and 2023.

This steady expansion can be attributed to the increasing demand from various end-use industries such as construction, automotive, and packaging. Duct tape’s versatility and robust adhesive properties make it a preferred choice for both industrial and household applications. Innovations in product development, such as eco-friendly and specialty duct tapes, are also driving market growth. Additionally, the rising popularity of DIY projects and home repairs during the pandemic has further boosted demand.

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The market is also benefiting from increased urbanization and industrial activities, particularly in emerging economies. However, fluctuations in raw material prices and the availability of alternatives like gaffer and electrical tapes could pose challenges.

 “China’s rapid growth in the duct tape market presents a notable hurdle for the traditional leader, the United States. The competitive landscape shifts as China’s manufacturing prowess and market influence expand. The increasing prominence of China in this market opens doors to lucrative opportunities for market players globally. The increasing competition is likely to stimulate innovation and drive market players to enhance their products and strategies.” according to the chief analyst at FMI.

Key Takeaways

  • The United States is set to dominate the duct tape industry with a projected 4.5% CAGR from 2024 to 2034, driven by innovations in adhesive technology and growing consumer demand for versatile and durable repair solutions.
  • China’s duct tape industry is projected to follow closely, with an estimated 6.9% CAGR through 2034, attributed to the increasing urbanization and infrastructure development as well as its emergence as a manufacturing hub for various industries.
  • The duct tape market in the United Kingdom is likely to show a 5.6% CAGR between 2024 and 2034, influenced by renovation and remodeling projects spurred by a strong housing market and advancements in eco-friendly duct tape variants.
  • Japan’s duct tape industry is projected to develop at a 5.6% CAGR through 2034, propelled by a surge in infrastructure projects ahead of major events and a heightened focus on technological advancements in adhesive materials.
  • The Germany duct tape industry is likely to exhibit a 4.0% CAGR from 2024 to 2034, impacted by steady investment in infrastructure projects in addition to its reputation for precision engineering and quality manufacturing.

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Key Players’ Strategies for Success in the Duct Tape Market

Here are some key strategies that players in the duct tape industry employ for success:

  • Continuous product innovation
  • Targeted marketing campaigns
  • Strong distribution networks
  • Quality control measures
  • Customer feedback integration
  • Sustainable manufacturing practices
  • Effective cost management
  • Strategic partnerships and collaborations

Recent Developments

  • 3M™ introduced all-weather duct tape. For extended use, it can withstand heat, sunshine, rain, sleet, and snow. It is appropriate for durable repairs. It works well for tool reinforcement and mending and repairing outdoor goods.
  • ShurTech Brands, LLC, the company that manufactures Duck® brand duct tape, established a licensing deal with the NFL to introduce a range of NFL Team Logo Duck Tape. Duck Tape and NFL fans stand to gain greatly from this new strategic relationship, bringing together their respective brands’ strengths.

Key Segments

By Product Type:

  • Removable Duct Tape
  • Professional Grade Duct Tape
  • Utility Duct Tape
  • Specialized High Strength Duct Tape

By Adhesive Type:

  • Natural Rubber based Adhesives
  • Synthetic Rubber based Adhesives

By Backing Type:

  • Plastic
  • Polyethylene
  • Polyvinyl Chloride
  • Polyester
  • Foil
  • Cloth

By Application:

  • Sealing
  • Repairing
  • Holding
  • Waterproofing
  • Coding
  • Strapping
  • Splicing
  • Others

By Thickness:

  • <10 Mil
  • 10 to 15 Mil
  • >15 Mil

By End Use Industry:

  • HVAC
  • Building & Construction
  • Shipping & Logistics
  • Automotive
  • Electrical & Electronics
  • DIY Activities

By Region:

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

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Key Drivers in the Multi Depth Corrugated Box Market are Valued at US$ 7.7 Billion by 2034

Multi Depth Corrugated Box Market
Multi Depth Corrugated Box Market

The global multi depth corrugated box market had an estimated valuation of US$ 4.8 billion in 2023 and is expected to reach a size of US$ 7.7 billion by 2034, increasing at a CAGR of 5% between 2024 and 2034. By 2024, the market for multi depth corrugated box is poised to reach a valuation of US$ 4.8 billion.

This market expansion is driven by the increasing demand for versatile and cost-effective packaging solutions. Multi-depth corrugated boxes, known for their adjustable size, offer significant benefits in reducing storage costs and optimizing shipping logistics. E-commerce growth and the need for sustainable packaging further fuel market demand.

Additionally, advancements in manufacturing technology and the rising preference for eco-friendly materials are key factors contributing to this market’s expansion. As businesses aim to enhance operational efficiency and reduce carbon footprints, the multi-depth corrugated box market is set to experience robust growth in the coming years.

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Key Takeaways from the Market Analysis

  • The global multi depth corrugated box market size reached US$ 3.6 billion in 2018.
  • From 2018 to 2023, the multi depth corrugated box market experienced a CAGR of 4.1%.
  • Over the course of the projection period, the multi depth corrugated box sector in the United States is expected to develop at a CAGR of 4.8% CAGR.
  • The multi depth corrugated box is expected to be widely offered through the e retail channel, gaining a 38% market share by 2024.
  • With a projected 35% market share in 2024, food service will heavily utilize multi depth corrugated box solutions.

“The growing e commerce industry is a major factor propelling the multi depth corrugated box market, as it increases demand for adaptable and customized packaging options that can handle a broad range of product sizes during shipment and delivery”, says an FMI analyst.

Competitive Landscape

Key companies in the multi depth corrugated box market are experimenting with different approaches. To improve the effectiveness and adaptability of packaging, new designs and materials are being introduced. This involves creating corrugated boxes that can have their depths adjusted to suit a variety of product sizes, enhancing security, and cutting down on waste.

To address the increased need for packaging alternatives that are ecologically sensitive, innovation also extends to eco friendly solutions, such as employing sustainable manufacturing techniques and utilizing recycled materials.

Startups in the multi depth corrugated box market are disrupting conventional methods with novel solutions. They emphasize technology driven strategies like automatic personalization and eco friendly materials. In order to fulfill changing consumer and industry expectations, they want to gain market share and provide flexible and environmentally friendly packaging solutions.

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Key Developments

  • In 2023, International Paper announced the launch of its newest innovative corrugated packaging factory in Atglen, Pennsylvania. Over 100 manufacturing jobs in Atglen and the neighboring areas are being created by the new US$ 100 million factory. Corrugated packaging for produce, processed food, beverages, transportation, distribution, and e commerce clients will be made at the new factory.

About the Packaging Domain at Future Market Insights

The packaging domain at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Profiled in the Multi Depth Corrugated Box Market

By Capacity:

  • Up to 80 lbs
  • 80 to 180 lbs
  • 180 to 300 lbs
  • Above 300 lbs

By Board Type:

  • Single Wall
  • Double Wall
  • Triple Wall

By Strength:

  • Normal
  • Standard
  • Heavy Duty
  • Heavy Duty Double Wall

By End Use:

  • Food & Beverages
  • Consumer Electronics
  • Home Care & Personal Care
  • Textiles
  • Glassware & Ceramics
  • Automotive
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East & Africa

About Future Market Insights Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Screen Printing Mesh Market Growth Analysis: Customization Trends and E-commerce Expansion to Drive Market to US$ 1,134.2 Million by 2033

Screen Printing Mesh Market
Screen Printing Mesh Market

The global screen printing mesh marketis predicted to register a CAGR of 4.10% during the forecast period. The global market is anticipated to secure a valuation of US$ 712.7 million in 2023 and reach US$ 1,134.2 million by 2033.

This expansion is driven by increasing demand across various industries, including textiles, electronics, and packaging. The versatility of screen printing mesh, which enables high-quality and precise printing on diverse surfaces, is a key factor fueling its adoption. Additionally, advancements in mesh technology, such as the development of high-tension and fine mesh variants, are enhancing print quality and efficiency, further boosting market growth.

The rise of customized and specialty printing needs, coupled with the growing popularity of screen printing for promotional and advertising purposes, is also contributing to the market’s upward trajectory. Furthermore, the expansion of e-commerce and digital platforms is amplifying the demand for printed materials, reinforcing the market’s positive outlook. As industries continue to prioritize high-quality printing solutions, the Screen Printing Mesh Market is expected to witness robust growth over the forecast period.

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These dynamics highlight how the creative ecosystem, consumer preferences, and industrial strengths are shaping the screen printing mesh markets in the United Kingdom and France, offering lucrative opportunities for growth.

The versatile applications of screen printing mesh are driving demand across a spectrum of industry sectors, encompassing textile, packaging, interior decor, ceramics, electrical, glass, electronics, advertising, and marketing.

    • The market for screen printing mesh in the United States is anticipated to grow at a CAGR of 2.5% through 2033.
    • With a CAGR of 3.7%, the United Kingdom screen printing mesh market is expected to grow significantly during the forecast period.
    • With a CAGR of 5.8% throughout the research period, India is predicted to grow rapidly in the market for screen printing mesh by 2033.
    • The screen printing mesh market in China is expected to grow at a CAGR of 4.6% over the forecast period.
    • With a CAGR of 3.5% throughout the research period, the market for screen printing mesh in Japan is anticipated to increase speedily.
    • The polyester category of the screen printing mesh market’s material type segment is predicted to develop at a CAGR of 4.4% through 2033.
    • In the market for screen printing mesh, the monofilament section of the filament type category is estimated to showcase a CAGR of 3.7% over the forecast period.Key Takeaways

“Screen printing mesh has emerged as a crucial component across various industries. Their findings highlight the extensive utility of screen printing mesh in applications ranging from textiles to electronics, reinforcing its growing significance in modern manufacturing and design processes.”- says Ismail Sutaria, Principal Consultant at Future Market Insights

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Competitive Landscape

The top manufacturers of screen printing mesh market are

  • Sefar AG,
  • NBC Meshtec Inc.,
  • Haver & Boecker Ohg,
  • Nippon Tokushu Fabric Inc.,
  • Nakanuma Art Screen Co., Ltd.,
  • Weisse & Eschrich GmbH & Co. KG,
  • Asada Mesh Co., Ltd.,
  • Maishi Manufacture (Group) Limited,
  • Saati S.p.A., Extris Srl.
  • others.

To increase their share of the screen printing mesh industry, these businesses have employed a range of strategies. Both organic and inorganic growth strategies, such as new product releases, acquisitions, corporate expansions, and partnerships, have been employed by them to grow their clientele and income.

Recent Developments

  • Sefar AG shaped high conductivity, transparency, and flexibility SEFAR PET 1500 electrode substrates. It is the most extensive selection of screen printing mesh. It is perfect for producing stencils that are effective and repeatable. It satisfies all criteria for detail reproduction, face printing homogeneity, print run consistency, and registration precision in multi-color printing.
  • The outside of the Imagerie Médicale Ducloux at Brive la Gaillarde, France, was covered with metal mesh by Haver & Boecker. Given its semi-transparent design, HAVER Architectural Mesh is perfect for providing outdoor sun protection.

Key Segmentations-

By Material:

  • Polyarylate Screen Printing Mesh
  • Polyester Screen Printing Mesh
  • Nylon Screen Printing Mesh
  • Steel Screen Printing Mesh

By Filament:

  • Mono-filament
  • Multi-filament

By Mesh Count:

  • Below 80 TPI
  • 81 – 110 TPI
  • 111-220 TPI
  • 221-305 TPI
  • Above 305 TPI

By Thread Diameter:

  • Below 30 micron
  • 31-60 micron
  • 61-90 micron
  • Above 90 micron

By Substrate:

  • Paper & Paperboard
  • Metal
  • Plastic
  • Fabric
  • Glass

By End-use Industry:

  • Textile
  • Packaging
  • Glass & Ceramics
  • Electronics & Electrical
  • Advertising & Marketing

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excl. Japan
  • Middle East and Africa (MEA)
  • Japan

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Rising Environmental Concerns Drive Growth in the Metallized Film Market, Projected to Expand at a CAGR of 4.8% by 2033

Metallized Film Market
Metallized Film Market

The metallized film market is projected to witness substantial growth, reaching a market valuation of US$ 7.2 billion by 2033, compared to its 2023 value of US$ 4.5 billion, showcasing a notable Compound Annual Growth Rate (CAGR) of 4.8%.

This growth is driven by increasing demand for lightweight, cost-effective packaging solutions with enhanced barrier properties against moisture, gases, and light. The adoption of metallized films in various industries such as food & beverage, pharmaceuticals, and electronics is surging due to their superior performance and sustainability.

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Technological advancements in metallization processes and growing consumer preference for aesthetically appealing packaging further fuel market expansion. Additionally, rising environmental concerns are prompting manufacturers to develop eco-friendly metallized films, enhancing their market appeal. The Asia-Pacific region is expected to lead the market due to rapid industrialization and a booming packaging sector.

“The integration of nanotechnology into the metallized film market is nothing short of a game-changer. For manufacturers, this trend is likely to translate into a competitive edge in the market. These films’ enhanced barrier properties and durability open doors to new applications and markets. Industries that demand top-tier packaging solutions, such as electronics, pharmaceuticals, and specialty foods, are projected to be particularly drawn to these advanced metallized films.” according to a lead packaging analyst at Future Market Insights.

Key Takeaways from the Metallized Film Market

  • In 2022, the global metallized film market size stood at US$ 4.3 billion.
  • India’s metallized film industry is estimated to lead with a projected 6.1% CAGR from 2023 to 2033.
  • The United States metallized film industry is projected to follow closely, with an estimated 2.7% CAGR through 2033.
  • The United Kingdom’s metallized film industry is likely to show a 4.0% CAGR between 2023 and 2033.
  • China’s metallized film industry is projected to develop at a 5.5% CAGR through 2033.
  • In the global metallized film industry, Germany’s forecasted CAGR is 1.8% between 2023 and 2033.
  • Canada’s metallized film industry is likely to exhibit a 3.6% CAGR from 2023 to 2033.

Key Players and Strategies for Success in the Metallized Film Market

Here are the key strategies that have been instrumental for success in the metallized film market:

  • Offering a wide range of metallized films catering to various industries and applications.
  • Investing in research and development for the development of advanced metallizing techniques.
  • Establishing a global presence through strategic partnerships, acquisitions, or setting up production facilities in key regions.
  • Embracing eco-friendly production processes and materials to meet the growing demand for sustainable packaging solutions.
  • Staying updated with evolving regulations and compliance standards related to packaging materials.

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Key Players:

  • Amcor plc
  • Uflex Ltd.
  • Jindal Poly Films Limited
  • Klöckner Pentaplast Europe GmbH & Co. KG
  • AR Metallizing N.V.
  • Treofan Group
  • Cosmo Films Ltd.
  • Toray Plastics (America) Inc.
  • DUNMORE Corporation
  • SRF Limited.
  • FILMtech Inc.

Recent Developments in the Metallized Film Market

  • Cosmo Films developed a fresh, translucent thermal interlayer antimicrobial film based on BOPP in September 2020. The antimicrobial approach used in the film uses an entirely new strategy to prevent microbial development on surfaces to solve the widespread issue of bacterial infections on packaged goods.
  • In July 2020, Gilt Metalized, a new printable laminate film from Nobelus, was introduced. A unique thermal printed laminate film with a dazzling gold reflecting foil look is called Gilt Metalized. Graphics creators and brand owners can now make jaw-dropping spectacular effects owing to qualities that allow spot varnishes and foil-stamped items to attach to the film.

Key Segmentations:

By Material Type:

  • Plastic
    • Polypropylene (PP)
    • Polyethylene Terephthalate (PET)
    • Others (PA, PE)
  • Metal
    • Aluminum
    • Others (Copper, Nickel)

By Applications:

  • Packaging
    • Bags & Pouches
    • Tubes & Sachets
    • Wrapping & Lidding Films
    • Others
  • Decorating
  • Others

By End Use:

  • Food and Beverage
  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Automotive
  • Electrical and Electronics
  • Others

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube