Electric Vehicle Battery Market Poised for 8.5% CAGR Growth, Projected to Hit US$ 21,258.4 million by 2033

The electric vehicle battery market is forecast to experience a growth of 8.5% CAGR over the estimated time, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 9,402.3 million in 2023.

The increasing transition toward electric vehicles (EVs) is expected to propel accelerated battery demand in leading automobile markets like the United States and Europe. Battery and automotive manufacturers are facing challenges owing to uncertainty related to the battery supply chain. Several players are considering constructing gigafactory or joining joint ventures to combat shrunken supply.

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The shift toward EVs can be attributed to adverse climactic change and increasing carbon emissions, especially in urban cities. The EV30-30 Scenario targets a surging value share of EVs to 30% by 2030 (excluding two/three-wheelers).

Favorable government policies to encourage EV sales are predicted to offer opportunities for battery makers of EVs. Additionally, technological advancements have spiked the energy density of lithium-ion batteries while reducing the overall price of lithium-ion batteries. As a result, propelling its uptake in li-ion powered EVs.

Surging investments for the upgradation of public charging infrastructure in conjunction with the rising efficiency of EVs are expected to create lucrative opportunities for manufacturers.

The high cost of EVs is expected to affect the uptake of batteries negatively. Gaps in demand and supply of essential raw materials like cobalt and a dearth of charging infrastructure are expected to limit the market growth.

Top Highlights from the FMI’s Analysis of the Electric Vehicle Battery Market: 

  • The United States electric vehicle battery industry is expected to attain a 28.7% market share in 2023. The dominant share of the country reflects the high establishment of the market and great prospects for future growth.
  • Germany is expected to hold a 15.1% market share in 2023. The country is expected to attract key players from across the globe to expand its sales and drive product innovation.
  • Japan contributes 5.3% to the global market. The regional market offers excellent potential for key participants’ growth.
  • Australia’s share in the market is as low as 1.4%. However, the country is expected to offer growth prospects to businesses that venture out.
  • China is expected to expand robustly over the forecast period at a 9.6% CAGR.
  • The Indian market is anticipated to expand at a CAGR of 9% in the forecast period.
  • Under the battery type category, lead acid is expected to record a market share of 45.7% in 2023.
  • Passenger cars are expected to hold a 22.2% market share in 2023.

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Key Developments in the Market

  • CATL collaborated with Ford in February 2023 to develop a battery plant for EVs in the United States Michigan city. As a part of the agreement, Ford is expected to own the new unit of CATL. CATL is also predicted to assist Ford in accelerating the development of batteries.
  • Clarios’ Optima introduced an all-new lithium-power sport battery line in November 2022. The line focuses on enhancing batteries for personal watercraft, motorcycles, utility task vehicles (UTV), snowmobiles, and all-terrain vehicles (ATVs).
  • Honda Motor Company declared the development of a lithium-ion battery plant for EVs in the United States with the LG Energy Solution Ltd. in August 2022. The total investment in the project has been US$ 4.4 billion. The companies aim to develop about 40 GWh of batteries yearly to be exclusively used in North America’s Honda and Acura electric vehicles.

Competitive Landscape 

LG Chem Ltd, BYD Company Limited, Panasonic Corporation, Tesla Motors, Inc., Samsung SDI Co, Ltd, and Narada Power Source Co., Ltd, among others, are some of the prominent players in the electric vehicle battery market profiled in the full version of the report.

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Key Segments

By Battery Capacity:

  • Less than 20 kWh
  • 21-40 kWh
  • More than 41 kWh

By Vehicle Technology:

  • HEV
  • PHEV
  • BEV

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Others

By Battery Type:

  • Lithium Ion
  • Lead Acid
  • Nickel Hydride
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

 

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Precision in Progress: Forecasting the Die Cutting Machine Market’s Journey Towards a $1.6 Billion Valuation from 2023 to 2033

The most recent market study on die-cutting machines predicts that during the forecast period (2023 to 2033), demand will increase globally at a CAGR of 2.3 %. The study’s goal is to examine significant market dynamics and identify important trends and opportunities that will boost Die-Cutter sales over the next ten years.

The factors influencing the shift in consumer behaviour and purchasing patterns are thoroughly examined in the report. In order to help market participants identify lucrative segments, it also offers refined sales projections.

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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Die-Cutter

With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Die-Cutter market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Die-Cutter Market Takeaways and Projections

  • The U.S. is expected to lead the North America Die-Cutter market, projecting the fastest growth in the region between 2021 and 2031
  • Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
  • China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
  • India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2031.

Report Benefits & Key Questions Answered

  • Die-Cutter Historical Market Analysis: The detailed survey by FMI, examines key factors in the Die-Cutter market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Die-Cutter market for the forecast period 2021-2031.
  • Die-Cutter Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Die-Cutter for the assessment period. As per the study, the demand for Die-Cutter will grow at a robust CAGR between 2021 and 2031.
  • Die-Cutter Market Trend Analysis: The latest study by FMI on the Die-Cutter market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Die-Cutter market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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Key Segments of Die-Cutter Market Covered in the Report

Based on Machine Type:

  • Manual
  • Semi-automatic
  • Automatic

Based on the Application:

  • Die-cutting/Through cutting
  • Perforating
  • Scoring
  • Creasing
  • Slitting

Based on the End Use:

  • Pharmaceutical & Healthcare
  • Textiles
  • Automobile
  • Industrial & Manufacturing
  • Others (Construction, etc.)

Based on the Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • 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 is 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

 

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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Heated Jacket Market is Likely to Advance at a CAGR of 8.2% During the Forecast Period 2033 | FMI

The heated jacket market is estimated to be valued at US$ 271.98 million in 2023 and is expected to reach US$ 600 million by 2033. The adoption of heated jackets is likely to advance at a CAGR of 8.2% during the forecast period. Heated jackets are another piece of recent development that combines practicality with appeal. With temperatures dropping, fashion-conscious consumers are attracted to the idea of not having to sacrifice one for the other.

Another trend with growing force is the introduction of new materials. New fabrics, like those with nanotechnology textiles that incorporate heating elements concealed within the woven material are quietly revolutionizing warmth on demand without adding extra bulk. For those who want to strike a balance between comfort and the look, this breakthrough provides an answer. Another interesting trend is the emergence of sustainable heated jackets. As environmental consciousness rises, some manufacturers have begun to investigate alternative pathways where products use recycled materials and energy-saving heating technologies. Besides being in keeping with consumer values, this shift is also indicative of a conscientious outlook to winter clothing.

Integrating smart technology is also changes the market. Smartphones are also connected to heated jackets, through which the wearer can manipulate their temperature. This customized service makes things even simpler and is just right for people who are comfortable with computers. Inclusivity is a growing theme. Heated jackets are also branching out into different sizes, and it’s all about offering as many choices as possible. This trend reveals a sense of meeting different needs and tastes.

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The heated jacket market is also extending its reach beyond traditional outdoor enthusiasts. Urban dwellers are embracing heated jackets as versatile fashion statements, blurring the lines between utility and style. As a result, collaborations with renowned fashion brands are emerging, introducing heated jackets to a wider audience.

Key Takeaways from the Worldwide Heated Jacket Market

  • Anticipated is a 7.9% CAGR rise in heated jacket sales in China by 2023.
  • The United Kingdom is projected to surge at a CAGR of 8% in the next ten years.
  • A significant chunk of the global market share, around 8.3%, is foreseen for large heated jackets.

“In the heated jacket market, innovation is kindling warmth, as nanotechnology-infused fabrics deliver discreet and efficient heating, redefining winter comfort for a generation seeking both style and coziness”, remarks an analyst at FMI.

How Key Players are revolutionizing the Global Heated Jacket Market?

Key players are spearheading a revolution in the heated jacket market by blending fashion with technology, creating a seamless harmony of style and comfort. These industry leaders are redefining cold-weather wear by integrating advanced heating elements that provide customizable warmth.

Wireless controls, extended battery life, and sleek designs are setting new standards, appealing to outdoor enthusiasts and urban dwellers alike. Moreover, eco-conscious options are emerging, displaying a commitment to sustainable practices. Through relentless innovation, key players are transforming the Heated Jacket market, offering a fusion of fashion-forward thinking and cutting-edge heating technology that elevates winter clothing to unprecedented levels of functionality and allure.

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Product Portfolio

  • Showcasing an innovative line of heated apparel, Ororo combines style and functionality to keep users warm in diverse settings. Their product portfolio includes heated jackets, vests, and hoodies, leveraging cutting-edge technology for comfortable outdoor experiences.
  • Robert Bosch Tool Corporation offers a comprehensive range of power tools and accessories designed for precision and efficiency. From drills to saws, their product lineup caters to professionals and DIY enthusiasts, providing reliable tools for various applications.
  • Dewalt excels in providing rugged, high-performance tools for construction and woodworking. Their product portfolio features cordless drills, circular saws, and more, designed to withstand demanding work environments while delivering exceptional results.

More Insights Available

Future Market Insights offers an unbiased analysis of the heated jacket market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the heated jacket market, the report is segmented on the basis of End User (Men and Women), Power Type (Below 5 Volt Heated Jackets, 5-7 Volt Heated Jackets and 7-20 Volt Heated Jackets), Size (Small Heated Jackets, Medium Heated Jackets, Large Heated Jackets, XL Heated Jackets and 2XL Heated Jackets), Application (Leisure Heated Jackets, Industrial/ Construction Heated Jackets and DIY Heated Jackets and Other Applications), Sales Channel (Wholesalers/Distributors, Hypermarkets/Supermarkets, Multi-brand Stores, Exclusive Stores, Independent Small Stores, Online Retailers and Other Sales Channels), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

Market Segmentation

By End User:

  • Heated Jackets for Men
  • Heated Jackets for Women

By Power Type:

  • Below 5 Volt Heated Jackets
  • 5-7 Volt Heated Jackets
  • 7-20 Volt Heated Jackets

By Size:

  • Small Heated Jackets
  • Medium Heated Jackets
  • Large Heated Jackets
  • XL Heated Jackets
  • 2XL Heated Jackets

By Application:

  • Leisure Heated Jackets
  • Industrial/ Construction Heated Jackets
  • DIY Heated Jackets
  • Other Applications

By Sales Channel:

  • Wholesalers/Distributors
  • Hypermarkets/Supermarkets
  • Multi-brand Stores
  • Exclusive Stores
  • Independent Small Stores
  • Online Retailers
  • 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 over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

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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Regional Segmentation and Comprehensive Analysis of Carbon Seal Rings Market in Production, Consumption, Revenue, and Growth Rate by 2033

Future Market Insights upcoming report on global Carbon Seal Rings market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Carbon Seal Rings market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2021 and beyond.

Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Carbon Seal Rings market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

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To receive the detailed insights about the Carbon Seal Rings market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2020.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2020. However, with relaxation in lockdown, the Carbon Seal Rings market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Carbon Seal Rings market.

Key Questions Answered in the Report

  1. What are the key trends and challenges that will affect global Carbon Seal Rings market in upcoming years?
  2. What are the factors that will influence the Carbon Seal Rings market demand?
  3. Which region will be the most lucrative for Carbon Seal Rings market throughout the forecast period?
  4. How will evolving regulatory policies impact the market growth?
  5. What is the impact of Covid-19 on the Carbon Seal Rings market?

Carbon Seal Rings Market: Segmentation

By Region

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    •  Mexico
    • Others
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Nordics
    • Benelux
    • Russia
  • South Asia & Pacific
    • India
    • ASEAN
    • Oceania
  • East Asia
    • China
    • Japan
    • South Korea
  • Middle East and Africa
    • GCC Countries
    • Turkey
    • Northern Africa
    • South Africa

Detailed analysis on the geographical region and country wise insights are offered in the latest Carbon Seal Rings market report with established market players as well as incumbents in the region.

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By Product Type:

  • O-Rings
  • T-Seals & S-Seals
  • V-Ring Packing
  • Dry Gas Seals
  • Lip Seals
  • Metal Bellow Seals
  • Others

By End Use Industry:

  • Oil & Gas
  • Chemicals & Petrochemicals
  • Aerospace & Defense
  • Automotive
  • Marine & Shipbuilding
  • General Manufacturing

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

  • Trelleborg AB
  • EagleBurgmann
  • James Walker & Co.
  • Freudenberg Group
  • TREM Engineering SC
  • Durlon
  • Sinoseal Holding Co., Ltd.
  • Sealmatic
  • Arai Seisakusho Co., Ltd.
  • NOK Corporation, etc.

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Carbon Seal Rings market

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 is 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

 

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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Industrial Electronics Packaging Market in Korea Anticipating US$ 102.7 million 2034: Exclusive Report by FMI

The industrial electronics packaging market in Korea serves as a cornerstone for the country’s thriving electronics manufacturing sector, providing specialized packaging solutions to safeguard and optimize the performance of electronic components used in industrial applications. This market plays a pivotal role in ensuring the reliability, durability, and protection of semiconductors, control systems, sensors, and various electronic devices essential for the functioning of diverse industries.

The anticipated demand for Industrial Electronics Packaging Market in Korea is poised to reach a valuation of US$ 68.5 million by 2024, having attained a size of US$ 64.6 million in 2023. Projections indicate a consistent growth trajectory for the industry in Korea over the forecast period from 2024 to 2034, with a projected compound annual growth rate (CAGR) of 4.1%. By the conclusion of 2034, the sales of industrial electronics packaging in Korea are expected to achieve a substantial value of US$ 102.7 million.

Korea, renowned as one of the world’s technological powerhouses, owes much of its reputation to industry giants like Samsung and LG. The continuous advancement of technology in Korea amplifies the demand for industrial electronic packaging, as it becomes instrumental in storing and safeguarding the evolving landscape of electronic components.

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Factors Driving the Industrial Electronics Packaging Market in Korea:

  1. Technological Advancements: Korea, renowned for its technological prowess, drives the demand for state-of-the-art packaging solutions. The market responds to the rapid evolution of industrial electronics by incorporating innovations that enhance the overall performance and durability of electronic components.
  2. Rise in Industrial Automation: The increasing adoption of industrial automation and smart manufacturing practices in Korea fuels the demand for reliable packaging solutions for electronic components. These components are integral to the seamless operation of automated systems.
  3. Stringent Quality Standards: The Korean industrial sector places a significant emphasis on adhering to stringent quality standards. The industrial electronics packaging market aligns with these standards to meet the expectations of manufacturers and end-users in terms of product quality and dependability.
  4. Global Collaborations: Korea’s position in the global electronics supply chain fosters collaborations and partnerships with international entities. This global integration contributes to the exchange of expertise, technologies, and best practices in industrial electronics packaging.
  5. Environmental Sustainability: As environmental consciousness grows, there is an increasing demand for environmentally friendly packaging solutions in the Korean industrial electronics sector. Manufacturers explore sustainable materials and eco-friendly designs to minimize the environmental impact of packaging.

Market Trends 

In Korea, the demand for packaging fragile electronic components necessitates the utilization of sturdy and resilient materials. Consequently, materials such as plastic and paper are extensively employed in packaging solutions to ensure the protection of delicate electronic materials.

While the industrial sector in Korea experiences significant growth, there is a heightened awareness among Korean individuals and manufacturers regarding the environmental impact of packaging materials, particularly plastic. This has led to a notable shift towards the adoption of eco-friendly materials, with paper emerging as a preferred choice in the realm of industrial electronic packaging.

In tandem with technological progress, manufacturers in Korea are emphasizing the importance of user-friendly packaging. As electronic devices continue to shrink in size, the demand for more compact and manageable packaging solutions is on the rise. Key players in Korea are actively responding to this demand by developing packaging solutions that align with the evolving landscape of smaller electronic devices.

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Key Players

  • DS Smith Plc.
  • Smurfit Kappa Group Plc.
  • UFP Technologies Inc.
  • Sealed Air Corporation
  • Achilles Corporation
  • Desco Industries Inc.
  • Botron Company Inc.
  • Kiva Container Corporation
  • Orlando Products Inc.
  • Delphon Industries LLC
  • Summit Container Corporation
  • Protective Packaging Corporation
  • Dou Yee Enterprises (S) Pte Ltd.
  • Dordan Manufacturing Company Inc.
  • GWP Group Limited
  • Pure-Stat Engineered Technologies Inc.
  • AUER Packaging GmbH
  • Emballages Cre-O-Pack International Inc.

Key Segments

By Packaging Type:

  • Rigid
    • Corrugated Boxes
    • Containers
    • Protective Packs
    • Trays
    • Clamshells
    • Bin & Totes
    • Others
  • Flexible
    • Bags & Pouches
    • Tapes & Labels
    • Films & Others

By Material Type:

  • Plastic
    • PE
    • PET
    • PS
    • PP
    • PVC
  • Paper & Board

By Province:

  • South Gyeongsang
  • North Jeolla
  • South Jeolla
  • Jeju

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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani  

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
LinkedIn| Twitter| Blogs | YouTube

Exploring the Predicted 3.8% CAGR Growth of the Brush Rocker Market from 2023 to 2033 – Insights and Projections

According to a recent survey published by FMI, the global Brush Rocker market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Brush Rocker over the coming decade.

Advent of Industry 4.0 Technology to Create New Growth Avenues for the Brush Rocker Market

Industrial sector is witnessing revolution as manufacturers across the world are extensively emphasizing towards adopting incorporating advanced automation, This is commonly being referred to as Industry 4.0.

With the advent of Industry 4.0, manufacturers are emphasising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This will generate significant growth prospects in the Brush Rocker industry.

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Furthermore, rising government emphasis on improving the manufacturing sector and integrating augmented and virtual reality using smart equipment to boost output are expected to drive market demand in the approaching years.

Key Brush Rocker Market Takeaways and Projections

  • The U.S. is estimated dominate the Brush Rocker market in North America, accounting for the largest share in the region through 2022.
  • Germany is projected to account for a significant share in the Europe market over the assessment period.
  • China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2023 and 2033
  • India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.

Report Benefits & Key Questions Answered

  • Brush Rocker Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
  • Brush Rocker Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Brush Rocker As per the survey, Brush Rocker sales will project steady growth over the forecast period.
  • Brush Rocker Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Brush Rocker.
  • Brush Rocker Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.

Who are the Key Manufacturers and Suppliers of Brush Rocker?

Some of the leading manufacturers and suppliers include

  • Schunk Group
  • Wenzhou Donon Carbon Ware Co., Ltd
  • Mersen Group
  • Changsha Aobo Carbon Co., Ltd
  • Jaspo International Co., Ltd
  • Zheijang Dongli Electric Appliance Co., Ltd
  • Hitachi Koki Co., Ltd
  • ABB Ltd.
  • Siemens AG
  • Others

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Key Segments of Brush Rocker Market

By Raw Material:

  • Thermoplastic
  • Thermoset Plastic

By End-use Industry:

  • Construction
  • Power Generation
  • Automotive
  • Others

By Region:

  • North America
    • USA
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Europe
    • Germany
    • Italy
    • France
    • United Kingdom
    • Spain
    • Nordics
    • Benelux
    • Russia
  • South Asia & Pacific
    • India
    • ASEAN
    • Oceania
  • East Asia
    • China
    • Japan
    • South Korea
  • Middle East and Africa
    • GCC Countries
    • Turkey
    • Northern Africa
    • South 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 is 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights Inc.
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Exploring Electric Winch Market Trends (2023 to 2033) – Segmentation, Outlook, and Industry Insights

According to latest research by Future Market Insights, electric winch market is set to witness a healthy growth during 2023 to 2033. The demand will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Growing industrial usage where heavy loads are in operations the growth in near future remains optimistic, where product utilization in automotive sector will provide momentum.

What is Driving Demand for Electric Winch?

Electric winch is commonly employed in the practice of towing operations where high-performance problems struggling with large loads exists, the product comes as a very reasonable option.

In spite of high maintenance costs, the performance of the electric winch is much better than the manual ones when it comes to support and push heavier items providing better ergonomics and reduced lead time of work procedures.

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Why Automotive Segment is Driving the Electric Winch Market?

Rising demand for electric winch is recognized by the growth of construction, shipping and landscape industries where winches are used for their high quality and reliable operations. Significant rise in demand from drilling oil fields is anticipated to rise owing to the requirement for rig counts and crude oil which has been perceiving a growth over the past few years.

Improvement in petroleum sector in foremost oil producing nations including Russia, U.S. and U.K. has created upsurge in demand for Floating Production Storage and Offloading vessels as a result it is expected to have a positive impact on the sales. High performance, simple operations and proven reliability of winches is set to drive the growth in terms of application.

North America Market Outlook

As a result of rising production of alternative shale gas and tight oil sources there has been developments in the oil and gas sector in U.S. is expected to promote the utility of FPSO and hence further escalating sales.

The region is set to be the principal platform for electric winch in near future owing to sturdy foothold in military operations, automotive manufacturing shipping yards as well as ATV mounts. Development of automotive industry is anticipated to lift the market growth. Employment of winches saves time, while offering mass production for global as well as regional consumers.

Presence of major leading manufacturers such as Superwinch, Hampton Products International, and Polaris Industries in U.S. makes it a more promising country. These companies supply their products through several distribution channels including direct supply agreements with buyers, third-party agreements with vendors and wholesalers and e-commerce portals.

Asia Pacific Market Outlook

Asia Pacific remains a growth oriented region in terms of sales. Rising spending on the improvement of shipping infrastructure on account of inclusion of new projects such as the China Pakistan Economic Corridor (CPEC), National Infrastructure Plan (NIP) as well as Chabahar Airport, by governments of China and India is expected to open new markets.

Furthermore, rising expenditure on the development of Liquefied Natural Gas (LNG) in China and Australia is expected to further boost the demand for electric winch.

Rising production output of automobiles in developing markets including China, and India is expected to upsurge adoption of the product over the next decade.

Growth can also be attributed to the improvement of transportation sector including automotive and marine sectors in countries including China, India, Taiwan, and Japan.

Who are the Key Manufacturers and Suppliers of Electric Winch?

Some of the leading manufacturers and suppliers include

  • Ramsey Winch Inc.
  • Henan Hengyuan Crane Machinery Group Co. Ltd
  • Friedrich Koster GmbH & Co. KG
  • Dowellcrane Machinery Group
  • Harken Inc.,.
  • KA-Winch
  • WARN Industries Inc.
  • Westin Automotive I,c.
  • Taiwan Winch Industrial Co. Ltd.
  • Ingersoll-Rand plc
  • Thern Inc.

The companies are expanding their product portfolios and production capacities making the market moderately competitive. This is to cater to the growing demand, particularly in the emerging regions. It is also characterized by new participants with their own products and existing companies spending heavily on R&D initiatives.

For instance, in 2016, KA-Winch, a leading manufacturer launched a 100% electric winch named “VoltPro winch”, serving low noise and is completely emission free. It was developed especially for urban wakeboarding and is capable of deep water starts.

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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Key Segments of Electric Winch Market

By Type:

  • Light Duty Winch
  • Heavy Duty Winch

By Gear Type:

  • Planetary gears
  • Worm gears
  • Spur gears

By Line Type:

  • Wire Rope
  • Strap/Web
  • Chain

By End-use Industry:

  • Automotive
  • Construction
  • Industrial Manufacturing
  • Military
  • Marine
  • Mining
  • Railway
  • Oil & Gas

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 is 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

 

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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UK Cruise Tourism Market Charts Course for US$ 19.5 Million Revenue by 2032 | FMI

The UK cruise tourism market is estimated to reach US$ 14.0 Million in 2022. As per the report, sales are forecast to increase at a robust 9.0% CAGR, with the market valuation reaching US$ 19.5 Million by 2032. When combining traditional vacation package and cruise sales, agency’s own 67% of the market.

Due to the impact of covid-19 the market is effected by 70%. Various strategies are implemented to UK cruise industry to boost the market by providing travelers different tour packages. Travelers who are eagerly waiting for the travel opportunities after the covid-19 pandemic. There are many new cruises are launch in 2022 that are more contemporary feel in décor and interior, to make it more fashionable.

The motivation after this transition is to attract the younger crowd. Travelers are interested in adventures like kayaking, scuba diving, fishing, hiking, campaigns, and other activities also. The Cruise Lines International Association reviews that cruise enterprise contributes $10 billion to the UK financial system every year and helps to give employment to 80,000 jobs. These figures consist of direct and indirect economic output and employment. For examples, it consists of port services and other facilities like meals intake in cruise ships.

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Moreover, if you want to make bigger variety of enterprise and additionally to make contributions to the prevention of environmental changes, the pinnacle gamers with inside the UK cruise market place are growing new ships as a way to be eco-friendly. These new ships will now no longer emit greenhouse gases and consequently assist in saving stopping the pause in boundaries in crushing because of ordinary herbal disasters. This may also attract the attention of travelers who care about the environment and this increase the opting for cruise travels.

 “Strategic planning and recreational activities are needed for adaptive tourism to attract the travelers to became more demanding in tourism “Says an FMI analyst.

Key Takeaways:

  • Based on tourism type, eco/sustainable tourism are predicted to account for a dominant share of 67% in the market through 2032.
  • By booking channel, the online booking segment is anticipated to hold a noteworthy share of 58%.
  • In terms of age group, demand in the young travellers will continue gaining traction through 2032.
  • Best time for the UK cruise destinations from late May to early September.
  • UK cruise travellers are more opt for package deals over the normal bookings.
  • Based on tourist type, domestic tourist segment will remain high over the forecast period.

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Leading players of UK cruise tourism market:

  • www.cruisedirect.co.uk
  • CruiseDeals.co.uk
  • Hays Travel
  • Bolsover Cruise Club
  • The Cruise Specialists
  • www.cruise1st.co.uk
  • Barrhead Travel Service Ltd

UK Cruise Tourism Market By Category

By Destination Type:

  • Mediterranean,
  • Canary Islands,
  • Norwegian fjords,
  • Scandinavia,
  • and Baltic

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

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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Delving into Comprehensive Analysis and Future Projections of the Fiber Drawing Machine Market till 2033

According to Future Market Insights, by the end of 2023, the fiber drawing machine market is expected to reach a value pool of US$ 500 million. Fiber drawing machine sales are predicted to reach US$ 900 million in 2033, growing at a compound annual growth rate of 6%.

What is Driving Demand for Fibre Drawing Machine?

The production of various types of fibres have improved over the past few years with increased consumption from different sectors. With the inception of modern drawing technologies, fibre drawing machine have developed to produce end-use specific and industry standard types, catering to vivid demands.

These machines enable small and medium businesses to scale up their output and can produce a variety of fibre types, including ribbon, spun, package, and microstructure fibres, as well as fibre dimensions ranging from 50 to 1500 microns.

Apart from the usage of these machine in textile applications, they are also used in automotive and aerospace industries. Drawn fibre can also be woven into support structures for composite materials used in the automotive and aerospace industries. Medical braiding is another popular application of drawn fibre monofilaments in the medical industry.

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Technology Developments to Augment Sales of Fibre Drawing Machine.

The increasing fields of application of modern and traditional fibres provides numerous opportunities for the market growth. The new preform technologies which are complementary with respect to enhanced fibre requirements, the adjustment of nonlinear fiber properties, and the possibility of hybrid fiber fabrication are shaping the market. Drawing technology has advanced in response to specialty fibre requirements such as modified fibre diameters, varying coating properties, and microstructuring of fibre configurations in the nanometer range, providing value to textiles, vehicle structures, medical equipment, and small-scale businesses. Such emerging application have led to growing end-uses.

U.S. and Canada Market Outlook

Integrated systems for manufacturing fibres for all applications, is a key regional trend of the U.S. market. It is a mature market with the world’s largest suppliers with comprehensive know-how, of fibre drawing process with advanced technology. The suppliers in U.S. can thus develop optimal solutions for fibre end-users. The suppliers not only specialize in the machines and systems but also provide the pre-sale activities and after sales service.

The presence of key market participants in the U.S. country, is likely favoring the market demand. A high level of technological competence in the field of fibre drawing machinery, combined with government support to boost small scale production and upheave the industrial production, is  providing momentum for market growth in U.S.

In the country of Canada, fibre drawing for textile making, are generally employed by textile companies. Both U.S. and Canada are providing positive stimulus to the market growth.

Europe Demand Outlook for Fibre Drawing Machine

Many countries in EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, as commercial spaces are growing in the country, the market is gaining prominence.

Despite the COVID-19 challenges, Europe has been actively involved in shaping the market. These machines are the acknowledged standard for quality benchmarking in Europe, and they reflect patterns such as yarn exchange contracts, fibre and yarn quality in connection with textile machine purchases, as well as all other commercial textile transactions. Companies are improving their production and setting new objectives for adhering to these standards.

Who are the Key Manufacturers and Suppliers of Fibre Drawing Machine?

Some of the leading manufacturers and suppliers include

  • NSC N. Schlumberger
  • Miyazaki Machinery Systems Co., Ltd.
  • TMT Machinery Inc
  • Toho International Inc.
  • Aiki Riotech Corporation
  • Niehoff Gmbh
  • Bongard Gmbh
  • Oerlikon Textile Inc.
  • Addas Group
  • Saurer AG
  • Trützschler Group
  • Texdata International.

The common trends among suppliers is that they engage into contract manufacturing with system developers, component integrators and assembly solution providers. These contracts help to provide value in the supply chain and deliver greater benefits to the end-user as well as supplier. For instance, Fibers segment of Oerlikon Management AG, Pfäffikon/Switzerland, has signed contracts for 2 orders with a total of 120 spinning positions for manufacturing polyamide POY yarn with Chinese yarn manufacturers, which are also involved in erection and commissioning.

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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Key Segments of Fibre Drawing Machine Market

By Fibre Type:

  • Polymer
  • Optical
  • Composite/FRP
  • Textile
  • Others

By Technology Type:

  • Thermal Drawing
  • Vapor Deposition
  • Direct Melt Process
  • Powder Based Process
  • Pultrusion
  • Others

By End-use Industry:

  • Textile Industry
  • Automotive Industry
  • Medical Industry
  • Aerospace Industry
  • Others

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 is 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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

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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Trace Minerals in Feed Market Expected to Reach US$ 926.04 Billion by 2033 Driven by Rising Global Demand for Premium Animal Products amidst

The Trace Minerals in Feed Market has witnessed significant increase in the last few years. Growing consumer demand for premium animal products and knowledge of animal nutrition and health have led to industry expansion. Furthermore, advances in feed additive technology have enabled the efficient incorporation of essential trace minerals, driving global market expansion.

It is anticipated that the market for trace minerals in feed would grow from US$ 552.67 billion in 2023 to US$ 926.04 billion in 2033.

The worldwide economic downturn has not had a major effect on the cattle business globally. The Asia Pacific and South America regions are expected to see a sharp rise in meat consumption as a result of changing dietary preferences, urbanisation, population growth, and economic prosperity.

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China’s demand for meat, for example, continues to outstrip domestic supply, according to Agriculture and Agri-Food Canada. Fish is high in protein and low in fat, carbs, and cholesterol. They also include vital vitamins and amino acids. As more people become aware of the health benefits of eating fish, these factors contribute to a fast-increasing global demand.

The worldwide meat and seafood sector is also expanding due to changing population patterns. The use of trace elements in animal feed is encouraged by life expectancy and the limited availability of land and water supplies to create animal feed, which drives the global market.

Trace minerals, also known as micro minerals, are highly important minerals that should be absorbed by the human body with food; however, unlike macro minerals, we only require a very minimal amount of trace minerals in our diet. Even though trace minerals are only required in trace amounts, they are critical to our health and bodily growth. However, the stringent regulatory framework governing the permissible limits of certain minerals in feed products increased product costs, and rising research and development costs are the key factors acting as restraints, while increased prices associated with trace minerals as an additive further challenge the growth of trace minerals in feed market during the forecast period mentioned above.

Key Takeaways

  • Trace minerals in feed market is expected to record a CAGR of 5.4% during the forecast period 2023 to 2033.
  • Key causes such as increased feed consumption, increased demand for animal protein in human diets, growth of the meat and meat products industries, a trend towards natural growth promoters, and an improvement in trace mineral bioavailability have all contributed to the trace minerals market’s expansion.
  • Asia Pacific dominated the trace minerals in feed market.

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Key Development in the Trace Minerals in Feed Market

  • March 2019 – Zinpro Corporation launched a high-quality selenium performance trace mineral-Availa Se-for the European Union. (EU). Zinpro now provides Availa-Se (zinc-L selenomethionine), another unique product with excellent performance in the EU market.
  • July 2020 – Kemin Industries is planning to establish a presented architectural design for a new quality control laboratory (QC lab) at its global headquarters in Des Moines, Iowa. Kemin’s outstanding analytical skills ensure that potential production activity and product specificity are maintained.
  • September 2020 – Bluestar Adisseo Firm purchased the Dutch feed additive company Framelco Group. The company’s strategy is to contribute to expanding the specialty product category to become a market leader in the specialty feed ingredients industry for animal nutrition.
  • July 2020 – Archer-Daniels-Midland Company (ADM) launched NutirPass L, an encapsulated supplement that is stable in the rumen and intestinally available to cows. For breastfeeding cows and growing cattle, the supplement provides regular and stable lysine.
  • March 2020 – Alltech announced its relationship with aquafeed nutrition startup Corey Nutrition. This acquisition aims to provide the aquaculture business in North America with innovative feed options that increase production and efficiency.

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Key Segment:

By Type:

  • Zinc
  • Copper
  • Cobalt
  • Manganese
  • Iron
  • Chromium
  • Others (iodine and selenium)

By Livestock:

  • Poultry
  • Ruminant
  • Swine
  • Aquaculture
  • Others (equine and pets)

By Chelate Type:

  • Amino acids
  • Proteinates
  • Polysaccharides
  • Others (propionates and peptides)

By Form:

  • Dry
  • Liquid

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and 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 over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Nandini Singh Sawlani
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
LinkedIn| Twitter| Blogs | YouTube