Market Research Blog – Page 1878 – New Product Development

Global Pouch Film Market to Reach US$102.1 Billion by 2034, Driven by Demand for Convenience and Sustainability

In a world where product integrity and consumer convenience reign supreme, the global pouch film market is experiencing an unprecedented surge, fueled by innovative advancements in packaging technologies. Pouch films, hailed for their versatility and sustainability, have emerged as the frontrunners in modern packaging solutions, reshaping industries and consumer experiences alike.

Core Concepts in the Pouch Film Industry

2024 Market Value: The pouch film market is estimated to be valued at US$ 74.3 billion in 2024.
Growth Rate: The market is expected to grow at a CAGR of 3.2% through 2034.
2034 Market Projection: By 2034, the market is set to reach US$ 102.1 billion.
Country with Robust Growth: India is projected to grow at a CAGR of 5.6% through 2034.
Growing Pouch Type: The stand-up pouches segment is expected to grow at a CAGR of 3.3%.
Top 3 Players: The key players operating in the pouch film market are Amcor Plc, Toray Industries, and Huhtamaki Oyj.

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Key Growth Drivers:

Rising Demand in the Food Industry: The food sector remains the primary consumer of pouch films, forecasted to generate an incremental revenue opportunity of $18.0 billion by 2034. The demand is fueled by the increasing need for convenient, on-the-go snacks and beverages that require superior packaging solutions to maintain freshness and quality.
Adoption of Stand-Up Pouches: Manufacturing companies are increasingly adopting stand-up pouches, which are projected to generate revenue worth $45.2 billion by 2034. These pouches offer enhanced convenience and visibility on store shelves, making them a popular choice among brands.
Superior Protection and Sustainability: Pouch films provide excellent barrier properties, protecting products from moisture, oxygen, light, and other external factors. This capability is crucial for sensitive products in the food, pharmaceutical, and cosmetic industries. Additionally, the sustainability of pouch films aligns with the growing consumer preference for eco-friendly packaging solutions.
Innovative and Customized Designs: Pouch films’ flexibility, printability, and ample space allow for customized designs that differentiate products on the shelf. This innovation enhances the visual appeal and brand recognition of products, driving market growth.

A Symphony of Convenience and Ingenuity

What sets pouch films apart is their unparalleled blend of convenience and innovation. Lightweight and flexible, they revolutionize handling for both consumers and retailers, ensuring seamless shipping, storage, and product application. But it doesn’t end there.

Customized designs breathe life into products, elevating them from the mundane to the extraordinary. The flexibility, printability, and ample space in pouches serve as a canvas for innovation, enhancing the visual appeal of products and capturing the hearts of consumers worldwide.

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A Sustainable Future, Wrapped in Pouch Films

Amidst growing concerns for sustainability, pouch films emerge as beacons of hope. Their eco-friendly design, coupled with advanced barrier properties, not only protects products from moisture, oxygen, and light but also meets the stringent requirements of sensitive industries such as food, pharmaceuticals, and chemicals.

As we embrace the era of pouch films, we embark on a journey towards a sustainable future, where packaging is not just a necessity but a testament to our commitment to the planet and its inhabitants.

Key Companies Profiled

Amcor Plc
Berry Global Group Inc.
Huhtamaki Oyj
Mondi Plc.
Toray Industries
Pro Ampac Holdings Inc.
Novolex Holdings Inc.
Constantia Flexibles
Rengo Co Ltd.
Sonoco Group
Coveris holdings
Winpak Ltd.
Sealed Air Corporation
RKW SE

Key Coverage in Pouch Film Market Report

Significant Changes in Pouch Film Market Dynamics.
The Historical, Current, And Projected Size of Pouch Film Market
Evaluation Of Recent Industry Developments in Pouch Film Industry
Competitive Analysis of Leading Pouch Film Providers with a Focus on Sustainable

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Global Pouch Film Market Segmentation by Category

By Material:

Plastic
- PE
- PP
- PET
- PVC
- EVOH
- Other Plastics
Aluminum Foil

By Capacity:

Less Than 200 g
201 to 500 g
501 to 1,000 g
Above 1,000 g

By Manufacturing Process:

In-house Manufacturing
Contract Manufacturing

By Pouch Type:

Stand Up Pouches
Flat Pouches
Gusset Pouches
Spout Pouches

By End Use:

Food
- Spices & Condiments
- Pet Food
- Dairy Products
- Tea & Coffee
- Edible Oil
- Snacks
- Food Grains & Pulses
- Baby Food
Beverages
Personal Care & Cosmetics
- Shampoo & Conditioners
- Hair Oil
- Skin Care Products
Pharmaceuticals
- Creams & Ointments
- Probiotics
- Vitamin Supplements
Other Industrial
- Sealants & Adhesives
- Parts, Lubricants & Solvents

By Region:

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

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Global Metallized Paper Market to Reach US$6.8 Billion by 2033 with a CAGR of 4.8%

The global metallized paper market is set to experience substantial growth, with its market size expected to rise from US$4.3 billion in 2023 to US$6.8 billion by 2033, registering a CAGR of 4.8% during the forecast period. This growth is primarily driven by expanding industrial applications and the surging demand for attractive, functional, and sustainable packaging solutions.

Core Concepts in the Metallized Paper Industry

Historical Performance: The market grew at a CAGR of 2.6% from 2018 to 2022.
Future Growth Rate: The market is expected to develop at a CAGR of 4.8% through 2033.
2033 Market Projection: By 2033, the metallized paper market is projected to reach US$ 6.8 billion.
Current Market Valuation: In 2023, the market is anticipated to be valued at US$ 4.3 billion.
Germany’s Market Share in Europe: Germany is expected to hold 15% of the European market share during the forecast period.
United States Market Outlook: The United States market is expected to strengthen at a CAGR of 4.6% from 2023 to 2033.

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Key Growth Drivers:

Food and Beverage Industry Expansion: The increasing global population and shifting consumer preferences have led to a higher demand for packaged food and beverages. Metallized paper offers excellent moisture resistance and barrier properties, preserving the freshness, taste, and nutritional value of food and beverage products.
Sustainability: Metallized paper is an eco-friendly alternative to traditional aluminium foil and plastic packaging materials. The growing consumer awareness of environmental issues is propelling the adoption of metallized paper, particularly in the food and beverage industry.
Premium Packaging: The rising preference for premium packaging in industries such as food and beverage, cosmetics, and personal care is boosting the metallized paper market. Its reflective surface and metallic finish provide an elegant, luxurious appearance, enhancing brand image and influencing purchasing decisions.
Advancements in Packaging Printing Technology: Innovations in digital printing and high-definition flexographic printing technologies have significantly improved the print quality, design complexity, and customization options for metallized paper packaging. These advancements are enabling brands to create unique and engaging packaging designs.

Technological Advancements in Packaging Printing

Advancements in packaging printing technology have revolutionized the metallized paper market landscape. Techniques such as digital printing and high-definition flexographic printing have ushered in a new era of packaging design, characterized by enhanced print quality, intricate designs, vibrant colors, and detailed graphics. These technological innovations play a pivotal role in enhancing the visual appeal and functionality of metallized paper packaging solutions.

Rising Preference for Premium Packaging

The growing preference for premium packaging is a key trend driving the adoption of metallized paper across various industries. In sectors like food and beverage, cosmetics, and personal care, brands are increasingly prioritizing premium packaging solutions to capture consumer attention, elevate brand image, and influence purchasing decisions. Metallized paper, with its luxurious appearance and sophisticated appeal, perfectly aligns with this demand for premium packaging options.

One of the key drivers of the metallized paper industry is the growing demand for sustainable packaging solutions. Metallized paper is a highly sustainable packaging material as it is made from renewable resources and can be easily recycled. Additionally, metallized paper is lightweight and consumes less energy during transportation, which further reduces its environmental impact.

Another key driver of the metallized paper market is the increasing use of metallized paper in food packaging. Metallized paper is widely used in the packaging of various food products, such as snacks, confectionery, and baked goods. The shiny and metallic appearance of metallized paper enhances the visual appeal of food products, making them more attractive to consumers.

The cosmetics industry is also a significant contributor to the growth of the metallized paper industry . Metallized paper is widely used in the packaging of cosmetics, such as perfumes, skincare products, and makeup. The shiny and metallic appearance of metallized paper gives cosmetics packaging a premium and high-end look, which appeals to consumers.

The tobacco industry is also a major user of metallized paper. Metallized paper is widely used in the packaging of cigarettes, cigarillos and other tobacco products. The shiny and metallic appearance of metallized paper gives tobacco packaging a premium and high-end look, which appeals to consumers.

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Market by Category:

By Thickness:

Upto 50 GSM
51-100 GSM
101-150 GSM
Above 150 GSM

By Application:

Labels
Wraps/Overwraps
Decoration
Mailing Envelopes
Graphic Paper

By End Use Industry

Food
Beverages
Home Care
Personal Care
Electrical
Chemicals
Banking

By Region:

North America
Latin America
Europe
Middle East and Africa (MEA)
East Asia
South Asia
Oceania

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Baby Teeth Care Products Market: Anticipated to Reach a Market Share of USD 1.71 Billion in 2032

The global baby teeth care products market is projected to blossom with a Compound Annual Growth Rate (CAGR) of 2.5% during the forecast period, reaching a market value of USD 1.71 billion by 2032. This growth is fueled by a growing awareness of the importance of early childhood oral care.

Protecting Tiny Smiles: Addressing Early Childhood Caries

The primary driver of this market expansion is the fight against Early Childhood Caries (ECC), also known as baby bottle tooth decay:

A Common Concern: ECC is a prevalent issue among newborns and toddlers, often affecting children under two.
Raising Awareness: Companies like Colgate-Palmolive are actively educating consumers about ECC and preventive measures, highlighting the vital role of baby teeth care products.
Prevention is Key: Preventive actions against ECC are fostering market demand for baby teeth care products as parents prioritize their children’s oral health.

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Beyond Toothpaste: A Growing Product Range

The baby teeth care market is evolving beyond traditional toothpaste to cater to a broader range of needs:

Gum Care: Some companies are developing specialized baby wipes designed to care for gums, which serve as placeholders for future teeth.

Regional Growth Trends

Europe and Oceania: Growing parental awareness combined with hospital expansion in regions like Europe and Oceania is expected to drive consistent market share growth.

Meeting Parental Concerns

Fluoride Considerations: In response to concerns about fluoride-induced enamel fluorosis, some manufacturers are introducing low-fluoride “pediatric” toothpaste with reduced fluoride content.

A Diverse Market:

A wider variety of baby teeth care products are becoming readily available, catering to diverse needs and preferences. This accessibility is further propelling market growth.

Looking Forward: Building Healthy Smiles

The increasing awareness of ECC prevention, coupled with a growing range of baby teeth care products, paints a bright future for this market. Manufacturers who prioritize innovative solutions, address parental concerns, and cater to the evolving needs of early childhood oral care are well-positioned to reap the rewards of this flourishing market.

Baby Teeth Care Products Market: Recent Developments

Colgate as a manufacturer of oral hygiene products, it produces baby teeth care products such as Colgate Smiles Baby Toothpaste (0-2Y). The company also helps the society to increase the awareness about baby teeth care and related diseases. In baby teeth care products category, some companies are also comping up with innovative baby wipes. In 2018, Bey Bee launched toxin free baby wipes first in India.

In 2018, A Tucson, AZ, pediatrician had introduced wipes for babies which are intended to fight cavities.

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Baby Teeth Care Products Market: Regional Outlook

The baby teeth care products market is expected to register a healthy growth across all the geographies during the forecast period. The ECC and other dental related diseases are likely to drive market for baby teeth care products. China and India which are considered as emerging countries, have larger population with oral diseases such as tooth decay, periodontal disease in babies etc. As per FDI World Dental Federation, more than 3 billion people are affected by oral diseases and this number is also high for babies.

As a preventive measures, parents are now focused on baby teeth care products which further drives the baby teeth care products market. The U.S. accounts for major market share for baby teeth care products due to major presence of manufacturer over there, better technology infrastructure, increase in adoption in innovative and baby care products and rising awareness about baby gum & teeth related diseases.

Additionally, other developed regions such as Europe and Oceania are projected to showcase steady growth in the global baby teeth care products market due to growing awareness among parents, and growth in hospitals.

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Global Cold Forging Machines Market Expected to Surpass USD 38 Billion Mark by 2032, Driven by 5.5% CAGR Growth

The cold forging machines market was predicted to reach USD 22.16 billion in 2022, indicating a significant increase in demand. This upward trajectory is expected to continue, propelled by a strong compound annual growth rate (CAGR) of 5.5%, culminating in a remarkable market valuation that exceeds USD 38 billion by 2032.

Unlike hot forging techniques, which require greater temperatures, cold forging is defined by its precision manufacturing approach that involves shaping workpieces at room temperature. Cold forging machines, specifically designed for this method, are essential for forming materials without requiring high operating temperatures. This not only results in lower energy use but also lessens the environmental impact, which is in line with the manufacturing sector’s sustainability goals.

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Asia-Pacific’s Rising Dominance in the Cold Forging Machines Market:

The global landscape of cold forging machines is witnessing a remarkable transformation, with Asia Pacific poised to seize the spotlight as an opportunistically burgeoning market. Notably, this dynamic region is not only projected to dominate in terms of market share but also emerge as a hub of demand for cold forging machines, backed by its escalating manufacturing endeavours. Over the forecast period, the Asia-Pacific cold forging machines market is poised to achieve a robust Compound Annual Growth Rate (CAGR) of 4.0%.

Driving Factors: Manufacturing Surge and Metal Forging Demand

The catalyst behind Asia Pacific’s ascendancy in the cold forging machines domain is the surge in manufacturing activities within the region. This surge is projected to translate into substantial demand for cold forging machines in the foreseeable future. Notably, the region’s growing appetite for forged metals, especially within the automotive sector and infrastructural development, is poised to serve as a powerful impetus for the expansion of the cold forging machines market across Asia Pacific.

Analysing North America’s Stronghold in the Cold Forging Machines Market:

In the intricate tapestry of the cold forging machines market, North America assumes a prominent position, wielding significant market share and influence. One of the driving forces behind this robust presence is the substantial investments made by prominent manufacturers in forging systems within the region. This strategic move not only propels the regional market but also establishes these manufacturers as pivotal players in the global cold forging landscape.

Projection: Growth Trajectory

Analytical insights indicate that the North American Cold Forging Machines market is poised for steady growth, anticipated to register a Compound Annual Growth Rate (CAGR) of 4.1%. This growth projection underscores the region’s resilience and its position as a critical driver within the global cold forging machines ecosystem.

Key Players Profiled:

The global cold forging machines market boasts a roster of influential participants, featuring industry leaders such as National Machinery, STANTEC, INC., Nedschroef Herentals, SIJIN INTELLIGENT FORMING MACHINERY CO. LTD., Zhejiang Dongrui Machinery Industrial, Zhejiang Shengtuo Machinery Co., Ltd., JYICHYNG, ZHEJIANG YESWIN MACHINERY, Sacma, Hyodong Machine, Ningbo Sijin Machinery, Wuxi Zhengyao Machinery, and Hatebura, among several other noteworthy entities.

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Key Segments Covered:

Cold Forging Machines Market by Product Type:

2-Die Station Cold Forging Machines
3-Die Station Cold Forging Machines
4-Die Station Cold Forging Machines
5-Die Station Cold Forging Machines
6-Die Station Cold Forging Machines

Cold Forging Machines Market by Process:

Cold Forging by Hammers
- Pneumatic Forging Hammers
- Electro-hydraulic Forging Hammers
- Power-operated Forging Hammers
- CNC Hydraulic Die Forging Hammers
Cold Forging by Press
- Mechanical Press
- Hydraulic Press
Cold Forging Crank Type Mechanisms
Cold Forging Rotary Machines

Cold Forging Machines Market by End Use:

Cold Forging Machines for Automotive
Cold Forging Machines for Heavy Engineering
Cold Forging Machines for General Manufacturing
Cold Forging Machines for Construction
Cold Forging Machines for Aerospace

Cold Forging Machines Market by Region:

North America Cold Forging Machines Market
Latin America Cold Forging Machines Market
Europe Cold Forging Machines Market
Asia-Pacific Cold Forging Machines Market
Middle East and Africa Cold Forging Machines Market

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 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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Built-in Coffee Machine Market: Likely to Reach USD 10.43 Billion by 2032 | Report By FMI

The global built-in coffee machine market is brewing up a storm, projected to reach a value of USD 10.43 billion by 2032, with a promising Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period.

Convenience Meets Technology: A Recipe for Success

Several key ingredients are fueling this market’s hot growth:

Goodbye Mess, Hello Efficiency: Consumers are increasingly drawn to the convenience of built-in machines that automate the entire coffee-making process, from grinding and frothing to brewing. These one-touch wonders eliminate the mess and hassle of traditional methods.

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Smart Beans: The Rise of WiFi Coffee Machines: Innovation is brewing with the introduction of WiFi-enabled machines that connect to smartphones, allowing users to control brewing remotely for a perfectly timed caffeine fix.
A Premium Choice: Built-in coffee machines cater to a discerning customer base seeking a premium kitchen appliance and the delicious aroma of freshly ground coffee.

Beyond the Kitchen: Coffee’s Global Appeal

The built-in coffee machine market is percolating beyond residential kitchens:

Coffee Culture Booms: Coffee’s popularity as a global beverage is driving demand for built-in machines in offices, cafes, and restaurants. These machines cater to the need for efficiently serving hot and fresh coffee to meet the growing demand for quick service.
Productivity Perks: Coffee consumption is linked to increased productivity and reduced stress, making built-in machines a valuable asset in workplaces.

A Look at the Future: A Recipe for Continued Growth

The built-in coffee machine market is poised for a hot cup of success, fueled by:

The Allure of Convenience: Consumers’ continued desire for convenient and automated coffee solutions.
Technological Advancements: The introduction of even more advanced features and functionalities.
Coffee’s Enduring Popularity: The ever-growing global love affair with coffee.

Manufacturers who prioritize innovation, user-friendly designs, and cater to the evolving needs of coffee enthusiasts are well-positioned to take a sip of success from this thriving market.

Key Takeaways:

Based on water tank capacity, demand in the 1-1.5L segment is projected to grow at a 3.5% CAGR over the forecast period.
By power, the 1500W-2000W segment will account for 37.1% of the total market share by 2032.
In terms of connectivity, sales in the home connectivity segment will increase at a 6.2% CAGR over the assessment period.
Demand in the Germany built-in coffee machine market is slated to surge at a 3.3% CAGR over the forecast period.
Italy will emerge as an attractive pocket, with demand growing at a 6.5% CAGR through 2032.

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Who is winning?

Leading manufacturers of Europe built-in coffee machine are introducing machines based upon the regional interests and further advertising them to drive sales of Europe built-in coffee machine.

Major players present in the Europe built-in coffee machine market are Bosch (BSH Home Appliances Ltd), Jenn Air (Whirlpool Corporation), Wolf (Sub Zero Group, Inc.), Ariston (Ariston Group), Fisher & Paykel (Fisher & Paykel Appliances Ltd.),Thermador (BSH Home Appliances Ltd), Kupperbusch, Gaggenau (BSH Hausgeräte GmbH), Meneghetti S.p.A Fulgor Milano, Neff (BSH Home Appliances Ltd.), AEG (AB Electrolux), Whirlpool Corporation, Miele, Smeg, Indesit Company, and Electrolux among others.

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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.

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Global Pipes Market Share Anticipated to Surge Past USD 238.67 Billion Mark by 2034, Driving a Steady 5.01% CAGR Growth

The global pipes market is valued at a substantial USD 146.38 billion valuation by 2024. The projected growth trajectory is expected to be exceptionally strong, with a compound annual growth rate (CAGR) of 5.01%. By 2034, this trajectory is expected to propel the market to a remarkable valuation that will surpass USD 238.67 billion.

The industrial sector, where pipes are being used more and more, is expected to account for a significant portion of this growth—more than 25.6%—by the end of the forecast period, which runs from 2024 to 2034. The driving force behind this significant growth is the growing need for quick-build projects in the commercial, residential, and industrial domains. The way the market has changed indicates how important it has been in forming the infrastructure scene on global scale.

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Emerging Market Dynamics Fuel Global Pipe Demand Across Diverse Sectors:

In an era characterized by rapid industrialization and burgeoning infrastructural development, the global demand for pipes is poised to witness a significant upswing. This surge in demand is propelled by a confluence of factors, including the pronounced growth across diverse industries and the infrastructure evolution in emerging economies.

Residential applications prominently feature plumbing pipes, primarily designated for the crucial transport of potable water and wastewater. Meanwhile, the ambit of piping systems expands considerably within commercial edifices such as hospitals, schools, offices, and retail establishments. These structures house specialized piping networks designed for the conveyance of various fluids, tailored to the unique requirements of each setting.

The industrial domain constitutes another pivotal arena where specific piping needs arise, intricately linked to the distinct nature of manufacturing processes underway. As the global population continues its upward trajectory, the consequential impact on infrastructure development is undeniable. The inexorable expansion of new construction projects, accompanied by ongoing initiatives, accentuates the indispensability of robust piping systems. This symbiotic relationship between population growth and infrastructural demands inherently fuels the surge in pipe requisites.

This robust demand surge reverberates through the market, underpinned by the escalating clamor for new construction extensions and substantial project investments, especially within burgeoning economies. Of note is the commercial segment, poised to seize a substantial share of the market, exhibiting an impressive Compound Annual Growth Rate (CAGR) during the forecast period. The interplay of these factors, harmonizing growth aspirations and pivotal infrastructure needs, charts a compelling trajectory for the global pipes market.

Key Takeaways from Market Study:

By material type, the metal segment is accounted to hold a market share of 67.73% in 2024.
By diameter, the 100 to 200 mm in the metal segment is anticipated to hold a market share of 14.56% in 2024.

Key Companies Profiled:

Aliaxis Group
Sekisui Chemical Co. Ltd
Orbia Advance Corp
ASTRAL POLYTECHNIK Ltd.
Geberit AG
Finolex Industries Ltd.
Formosa Plastic Corporation
Nan Ya Plastics Corp.
Advanced Drainage Systems Incorporated
Polypipe Group Plc
AGRU Kunststofftechnik Gesellschaft M.B.H
FRANK GmbH
Contech Engineered Solutions LLC
Wienerberger AG
Mexichem SAB de CV

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Key Segments Covered:

By Material Type:

Plastic
- PVC
- cPVC
- PE
  - HDPE
  - LDPE
- PP
- ABS
- Fiberglass
Metal
Composite

By Diameter:

Plastic
- Up to 50mm
- 50-100mm
- 100-200mm
- 200-400mm
- 400-700mm
- Above 700mm
Metal
- Up to 50mm
- 50-100mm
- 100-200mm
- 200-400mm
- 400-700mm
- Above 700mm
Composite
- Up to 50mm
- 50-100mm
- 100-200mm
- 200-400mm

By Sales Channel:

Residential
- Plastic
- Metal
- Composite
Commercial
- Plastic
- Metal
- Composite
Industrial
- Plastic
- Metal
- Composite
Infrastructure
- Plastic
- Metal
Composite

By Region:

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

Author:

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 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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Global RFID Kanban Systems Market Valuation to Exceed USD 8.4 Billion Mark by 2032, Driven by 18.1% CAGR Growth

The RFID Kanban systems market is poised for remarkable growth, with projections indicating a surge to surpass USD 8.4 billion by 2032, driven by an impressive compound annual growth rate (CAGR) of 18.1%. This upward trajectory, originating from a market size of USD 1.6 billion in 2022, underscores the transformative potential of RFID Kanban solutions in modern inventory management.

A significant catalyst fueling this expansion is the escalating demand for smart healthcare systems and advanced inventory management solutions. Amidst profound transformations within the healthcare sector, the integration of technology has become indispensable. RFID Kanban Systems emerge as a pivotal solution, offering a streamlined and highly efficient approach to managing medical supplies, pharmaceuticals, and equipment.

In the healthcare domain, RFID Kanban Systems are revolutionizing inventory management by enabling real-time tracking of inventory levels. This ensures consistent availability of critical items for medical professionals, ultimately enhancing patient care by reducing downtime and optimizing operational costs within healthcare facilities.

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Key Takeaways:

Growing demand for restocking of products the demand for RFID box segment to grow at a CAGR of 17.5% during the forecast period
The U.S. market is expected to reach USD 3 Billion by 2032, growing at a CAGR of 17.9% by the forecast period.
Growing demand for automation businesses in China are expected to grow at a CAGR of 17.4% from 2022-2032.
Multi-Bin RFID Kanban Systems is expected to grow at a CAGR of 17.9% during the forecast period.
A growing demand for inventory management of drugs in Japan is projected to drive market growth at a CAGR of 16.2% during the forecast period.

RFID Kanban Systems: Competitive Landscape

New technologies and increasing technological innovations in the market will benefit manufacturers. Strategic partnerships can allow a company to expand its operational capabilities. Business expansion can be made smarter and more dynamic to reduce security breaches and power outages.

In December 2021, InvoTech Systems, Inc., a leader in trusted identity solutions, was acquired by HID Global, a worldwide provider of trusted identity solutions. As a result of the acquisition, HID Global’s RFID portfolio grows even further to provide a comprehensive range of advanced textile inventory management solutions for uniforms, linens, and laundry operations.
In April 2022, Chipotle Mexican Grill is going to test radio-frequency identification (RFID) technology in nearly 200 of their restaurants and distribution center in Chicago. This test has been developed in collaboration with the RFID Lab at Auburn University. In order to enhance inventory and traceability, the company plans to utilize the technology. With this new technology, Chipotle will be able to respond quickly to concerns about food safety and quality.

Key Players:

Brooks Automation Inc.
Datelka
Grifols S A
Hurst Green Plastics Ltd
LogiTag Systems
MATTTEO
MetraTec GmbH
Palex Medical SA (Bidco Palex S.L.)
Pepperl+Fuchs SE
Scan Modul B.V.

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Key Segments Covered In The RFID Kanban Systems Market Report:

RFID Kanban Systems Market by Type:

Single Bin RFID Kanban Systems
Multi-Bin RFID Kanban Systems

RFID Kanban Systems Market by Component:

RFID Kanban Systems Box
RFID Kanban Systems Base
RFID Kanban Systems Shelf/Cabinet
RFID Kanban Systems Electronic Shelf Displays
Other RFID Kanban System Components

RFID Kanban Systems Market by Application:

RFID Kanban Systems for Supply Chain Inventory Management
RFID Kanban Systems for Equipment Identification
RFID Kanban Systems for Track and Trace Solutions
RFID Kanban Systems for Other Applications

RFID Kanban Systems Market by Data Center Type:

RFID Kanban Systems for Enterprise Data Centers
RFID Kanban Systems for Managed Data Centers
RFID Kanban Systems for Colocation Data Centers
RFID Kanban Systems for Cloud and Edge Data Centers

RFID Kanban Systems Market by Vertical:

RFID Kanban Systems for BFSI
RFID Kanban Systems for Government and Public Sector
RFID Kanban Systems for IT and ITeS
RFID Kanban Systems for Manufacturing
RFID Kanban Systems for Healthcare and Life Science
RFID Kanban Systems for Telecommunications

RFID Kanban Systems Market by Region:

North America RFID Kanban Systems Market
Europe RFID Kanban Systems Market
Asia Pacific RFID Kanban Systems Market
Middle East and Africa RFID Kanban Systems Market
Latin America RFID Kanban Systems Market

Author:

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.

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FMI Analysis Affirms Global Lightning Arrester Market Set to Reach USD 1,466.7 Million by 2032, Growing with an Average 6.5% CAGR

In the year 2022, the global lightning arrester market stands poised for significant expansion, with a valuation of USD 782.1 million, marking the onset of substantial growth over the next decade. Forecasts project a remarkable ascent to USD 1,466.7 million by 2032, indicating a robust Compound Annual Growth Rate (CAGR) of 6.5%. Lightning arresters, often overlooked yet indispensable, assume a pivotal role in ensuring the safety of electrical equipment across various sectors, including residential, industrial, and infrastructure applications.

As global demand for reliable lightning protection solutions continues to surge, the lightning arrester market anticipates noteworthy advancements, emphasizing the crucial role these devices play in fortifying the safety and resilience of electrical systems. Stakeholders and industry participants are urged to stay abreast of this dynamic market landscape as it progresses towards unprecedented growth and innovation.

Of significant concern, North America grapples with an escalating vulnerability to frequent lightning strikes, resulting in a surge of damage to electrical infrastructure within the region. Consequently, the North American lightning arrester market is poised to witness a robust CAGR of 5.8% throughout the forecast period. This underscores the critical need for advanced lightning protection solutions in the region to effectively mitigate the risks associated with lightning-induced damage to electrical infrastructure.

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This growth can be attributed to a combination of factors, including stringent safety regulations and the ever-increasing power consumption of high-rise buildings. Lightning arresters serve as the ultimate guardians against the unpredictable forces of nature, acting as a barrier that dissipates the energy of lightning strikes and prevents them from wreaking havoc within buildings. This pivotal role in safeguarding lives and property underscores their significance in ensuring electrical safety in an electrified world.

As we surge forward into the future, the global lightning arrester market plays a critical role in fortifying our defenses against the capricious forces of nature, proving that safety and innovation go hand in hand in the modern world of electrical engineering.

Key Takeaways from Market Study:

By rating type, above 110 KV sales are expected to remain dominant during the forecast period and will account for more than 40% by 2032.
By product type, the valve type lightning arrester segment is anticipated to grow with a CAGR of 7.7% through the forecast period.
By end Use, the power Industry segment is projected to lead the lightning arrester market and is further anticipated to create an absolute dollar opportunity worth USD 145.9 Mn by 2032.
In terms of region, lightning arrester sales in South Asia & Pacific are estimated to increase at a CAGR of 7.2%.

Countries such as the U.S., China, India, Indonesia, Malaysia, etc. are prone to lightning strikes. Further, according to a study from the National Lightning Safety Institute, there has been a significant increase in lightning-related incidents over the past decade, with more than $2 billion in property damage reported each year. While traditional lightning rods are still the most prevalent kind of protection, lightning arresters are becoming a more popular option since they can protect a larger area for a lower cost.

Lightning Arrester Market Competitive Landscape:

Key Players Operating in the Industry:

Eaton
ABB
Hubbell
GE Grid
Schneider Electric SE
TE Connectivity
Toshiba

The lighting arreter market is moderately consolidated, with leading players accounting for more than 40% of the market share. These players are likely to invest in new technology developments, expansion of their distribution networks, and tie-ups with prominent end-users to maintain their market presence.

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Key Segments Covered In Lightning Arrester Industry Analysis

By Rating:

Below 35 KV
35-110 KV
Above 110 KV

By Product Type:

Rod gap arrester
Horn gap arrester
Multi gap arrester
Expulsion-type lightning arrester
Valve-type lightning arrester
Metal oxide varistor lightning arrester
Others

By End Use:

Infrastructure
Power Industry
Industrial
Municipal
Residential

By Region:

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

Author:

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 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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Global Mining Hoses Market Share Projected to Drive Past USD 749.3 Million Milestone by 2032, Driven by 6.7% CAGR Growth

The mining hoses market is projecting a robust Compound Annual Growth Rate (CAGR) of 6.7% from 2022 to 2032, ultimately reaching an impressive USD 749.3 million by 2032. Noteworthy is the market’s resilient expansion, with a slightly higher CAGR of 7.2% observed from 2015 to 2021, culminating in a market size of USD 364.0 million in 2021.

A key catalyst propelling this growth is the rapid expansion of construction operations worldwide. As burgeoning economies embark on extensive projects, the demand for mining hoses is expected to experience a substantial upsurge. Furthermore, the integration of cutting-edge technologies within these operations is set to revolutionize the mining hoses market landscape, adding an intriguing dimension to its growth trajectory.

Stakeholders and industry participants are strongly advised to closely monitor this trajectory as the mining hoses market positions itself for significant expansion, driven by the convergence of construction growth and technological advancements in the mining sector.

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Increased production of minerals and mineral-based products like mineral powders in emerging economies like India and China are opening up new market spaces for the mining hoses market, enhancing the sales of mining hoses solutions.

The use of hoses is an integral part of most equipment in mines, along with surface operations, industrial hoses, and shops, fuelling the sales of mining hoses in multiple regions.

Key Takeaways:

The slurry segment from the mining hoses market’s transporting media category is expected to grow at the fastest CAGR of 6.3% in the service type category, helping it to reach USD 110.1 Million.
The synthetic rubber segment is expected to grow at a strong CAGR of 7.19% in the component category of the mining hoses market. USA, Canada, Japan, China, and Europe hold a 6% CAGR that is estimated for the slurry segment of transporting media category.
United States is expected to reach a market size of USD 83.2 million in mining hoses by 2032.
The market size of the mining hoses market in China is expected to reach USD 152.3 Million by 2032, growing at a CAGR of 9.1% during the research period.
Canada’s mining hoses market is expected to thrive at a CAGR of 5.3% over the forecast period.
Japan’s mining hoses market is expected to flourish at a CAGR of 3.2% during the research period (2022-2032).
While Germany within Europe grows slowly at a CAGR of 3.7% between 2022 and 2032.

Recent Developments:

Continental Group has introduced its new series of material handling, dredge & mining hoses, increasing the sales of mining hoses.
Eaton Corporation PLC has launched and upgraded its new set of hoses, tubing, connectors, and fittings. This pushes the sales of mining hoses worldwide.
Metso Corporation has launched its Slurry hoses that have a high standard of quality and safety, fuelling the sales of mining hoses worldwide.
Weir Group PLC has launched its series of hose and pipe spools that are robust & reliable rubber hose products, pushing the overall demand for mining hoses.
Trelleborg AB has launched and designed new and better hoses with high manufacturing quality for specific industries. This pushes the demand for mining hoses in new markets.

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Competitive Landscape:

Some of the mining hoses market’s key competitors profiled in the research are AlfaGomma SpA, Continental Group, Eaton Corporation PLC, Weir Group PLC, Trelleborg AB, Goodall, Metso Corporation, TESS International, and Novaflex Inc.

Key Segments Covered:

By Transporting Media:

Industrial Water/Alkali
Bulk Water
Slurry

By Material:

Natural Rubber
Synthetic Rubber

By Region:

North America
South America
Europe
Asia Pacific
Middle East & Africa

Author:

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 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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Camera Accessories Market is Likely to Register a CAGR of 13.5% by 2032 | Report By FMI

Due to product innovations and new product launches in the market, the camera accessories market is likely to register a CAGR of 13.5% during the forecast period. It is anticipated to reach a market share of USD 12.34 Billion in 2032 from USD 2.7 Billion in 2020

The global market for camera accessories has seen a surge in growth, driven by the rising demand for high-end digital cameras.
Camera accessories play a crucial role in enhancing a camera’s usability, efficiency, and lifespan.
Examples of camera accessories include lenses, screen protectors, and tripods or monopods, which provide stability and support for the camera during use.
Other essential accessories include memory card management tools like punches, along with bags designed for storing and transporting camera equipment.
Batteries are also essential accessories for cameras, providing the necessary power for extended use.
It’s important to consider the additional tools required to fully utilize and maintain a camera, ensuring optimal performance and longevity.

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The many ways cameras are used for nature, scenery, wedding events and fashion images – birthdays too. Also in sports scenes up high, plus dangerous actions shots record made by photojournalists to sell stuff.. This will make the camera accessories market bigger over time For professional photographers, the importance of camera accessories is not avoidable.

A good lens for taking pictures quickly, a thing to help hold the camera up straight (tripod), starting and stopping device without touching it directly. Plus filter which makes light polarized helps photographers capture better photos. Further, a camera bag and strap help keep the important stuff safe. This includes extra batteries and memory cards so you can take lots of pictures without stopping.

Global Camera Accessories Market: Key Players

Some of the key players operating in the global Camera Accessories market are Canon Inc., Nikon Corporation, Sony Corporation, Fujifilm Holdings Corporation, Olympus Corporation, Panasonic Corporation, GoPro, Inc., CASIO COMPUTER CO., LTD., Leica Camera AG, CP PLUS, Ricoh Imaging Americas Corporation, SAMSUNG GSG, Vitec Imaging Solutions Spa, Peak Design and RED among others.

Global Camera Accessories Market: Reasons for Covering this Title

Global demand for high-end cameras is high among the youth in the urban population. With the assistance of different camera accessories, it has become possible to enhance the quality and experience of photography. The high-end camera buyers tend to buy the camera accessories for stability and accessibility.

Although the smartphones highly hamper the camera and its accessories market, the demand for the camera and its accessories by professional will grow owing to increased demand in their respective industry.

According to industries that demand the use of the camera, the various camera accessories will be in need. It necessitates by studying the camera accessories market. The product innovations and new product launches in the camera accessories market are estimated to make the survival of the market.

Camera Accessories Market: Key Developments

In October 2018, a special version of the Manfrotto Befree tripod was launched that targeted professionals who demand outmost quality and high performance.
In September 2018, Eastman Kodak Company and Kodak Alaris announced the availability of highly anticipated KODAK EKTACHROME Film line worldwide.
In September 2017, Sony Corporation and Vitec Photographic has announced collaboration in the imaging market consolidating both companies position in the market.

Opportunities for Camera Accessories Market Participants

Cameras with interchangeable lens coupled with their upgraded features and superior quality of images have high growth boosting the camera accessories market. High-quality lenses and lens filters will drive the camera accessories market prominently.

There is the rising popularity of cameras among the women owing to the attractive aesthetic looks and women concentric advertisements will enhance the camera accessories market growth.

Not only developed countries but also developing nations are estimated to have a good camera accessories market presence. The saturation of the camera accessories market in developed countries will focus on the developing countries market enhancement.

Brief Approach to Research for Camera Accessories Market

FMI will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, formats, and application of segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall Camera Accessories Market sizes.

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Key Segmentations

On the basis of product types

Filter lens
Lens
Screen protectors
Memory cards
Camera bags and pouches
Tripods and mounts
Batteries and chargers
Others

On the basis of types of gear

Drones
DSLR
Mirror-less
Professional DSLR
Video camera

On the basis of the distribution channel

Direct
Indirect
Hypermarket/Supermarket
Specialty Stores
Online Store
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 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.

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