Market Research Blog – Page 1931 – New Product Development

Rapid Growth Predicted for Europe’s Biomass Pellets Market: Forecasted to Reach USD 22.16 Billion by 2033

Sales of biomass pellets in Europe are anticipated to grow at a 6.9% CAGR between 2023 and 2033. By the end of 2033, it is anticipated to reach a total Europe biomass pellets market size of USD 22,161.2 million.

Biomass pellets are a clean-burning, cost-effective, and renewable source of fuel that is gaining high popularity as an alternative to fossil-based fuels. Biomass pellets can be produced from any type of compressed biomass or organic matter. This includes cordwood, wood chips, wood sawdust, waste paper, agricultural waste (residue), food waste, virgin lumber, and energy crops among others.

The key application of biomass pellets is heating. They can be used in industrial heating, commercial or residential heating, and also in power generation.

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Wood pellets are widely consumed for diverse applications in European countries such as in the United Kingdom, Netherlands, Italy, Germany, and others. The increasing cost of energy, electricity, and fluctuations in the oil and gas industry are propelling the demand for renewable products for power generation.

The United Kingdom is the leading and key consuming country followed by other European countries such as Denmark, The Netherlands, Italy, Germany, and others.

The growing demand for renewable energy has created export opportunities for European biomass pellet producers. Countries with surplus biomass resources, advanced pellet production technologies, and sustainability certifications are exporting biomass pellets to meet demand in other countries, contributing to market growth.

Key market players are focusing on alternative distribution channels, such as online, to strengthen their market presence in both regional and country-level markets.

The majority of key players are focusing on, expansion of production units whereas small-scale companies must invest significantly in research and development to introduce new products and expand their Europe presence. Also, key players are focusing on growth in strategic sectors and creating value hubs.

Key Takeaways:

Europe market of biomass pellets is projected to witness a CAGR of 9% during the period between 2023 and 2033.
Based on the end use, biomass pellets are widely used in residential sector majorly for heating and cooking purposes.
Based on the type, wood pellets are the dominant segment and hold more than 85% of the total market share.
Based on the country, the United Kingdom is the leading and key consuming country for biomass pellets, at 25% of the total Europe market.

“Expansion of production capacities to cater the growing demand for pellets is driving the market in Europe. Fluctuating prices of oil & gas in Europe, and demand for green and carbon-neutral technology are expected to provide growing opportunities to manufacturers.” – says a lead FMI analyst

Competitive Landscape

According to Future Market Insights (FMI) Analysis Energex, Blackwood Technology, Arbaflame AS, TTCL Public Company Limited, Verdo Holding A/S, Airex Energie Inc., Graanul Invest, Iwatani Corporation, Land Energy Girvan Limited, Schwaiger Holzindustrie GmbH and Co. KG, Holzwerke Weinzierl GmbH, Balcas Energy, Enviva, LP, Drax Group, Ambienta Biomasse, Naparpellet and others are the market players, which are identified as key players.

Key players are engaged in the expansion of production capacities along with research and development.

Key players are also involved in the long-term supply of the products with the end users to maintain the proper supply chain and uninterrupted supply of final products.

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Market Segmentation by Category

By Type:

Wood Pellets
Black Pellets
Forestry Pellets
Agricultural Pellets
Biomass Briquettes

By Source:

Agricultural Residue
Wood Sawdust
Wood Chips
Others

By End-use:

Residential
Industrial
Commercial

By Region:

Germany
Italy
France
The United Kingdom
Spain
Belgium
Netherland
Russia
Rest of Europe

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Airline A-la-carte Services Market value reach USD 646.86 billion by 2033 with CAGR 15.9%

MRB-Automotive-Airline A-la-carte Services Market

The global Airline A-la-carte Services Market is forecast to have a worth of USD 147.90 Billion in 2023 and is projected to grow to a value of USD 646.86 Billion by 2033. It is estimated that the demand for these services is expected to increase steadily, at a rate of 15.9% per year

The increase in disposable income among the middle-class population around the world is driving the rapid growth in air passenger travel. In turn, this is increasing demand for airline A-la-carte services. The growth of the airline A-la-carte services market is also accelerating due to a change in lifestyle and an increase in consumer spending on leisure activities, travel, and tourism. Consumers also spend more on comfort and extra-paid services as a result of having more purchasing power, which supports market expansion.

Innovations in In-flight Solutions to Promote Growth

In-flight solutions for entertainment, comfort, and food and beverage are becoming a significant trend in the airline industry. The global airline A-la-carte services market is now benefiting from these new opportunities. Additionally, the growing popularity of “build-your-own-device” trends is pressuring the airline industry to offer customers a wide range of in-flight services and options. During the forecast period, it is anticipated that these factors are expected to increase market potential globally.

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Intensive Research and Development in the Industry to Boost the Market

There is a rise in demand for extra services provided by airlines all over the world. The industry does a lot of research and development, which opens a lot of opportunities on the global market. Also, there is more demand in the market for technologies that could make passengers more comfortable. Due to changes in in-flight connectivity solutions and the rise of the ‘Bring Your Own Device’ (BYOD) idea, the global airline A-la-carte services market is expected to grow over the next few years.

Key Takeaways

The demand for airline A-la-carte services is growing, driven by increased consumer expectations for personalized and convenient travel experiences.
Established airlines and new startups are both competing in the airline A-la-carte services market, with the latter leveraging technology to offer more customized services.
The rise of low-cost carriers and the need for airlines to generate additional revenue streams.
Changing traveler demographics, with younger generations, is placing a higher value on customizable and unique travel experiences. This is driving the market forward.
Growing global tourism led to increased demand for airline services and a corresponding increase in the airline A-la-carte services
The market is highly regulated, which can make it difficult for startups to enter and scale.
Established airlines have significant advantages in terms of brand recognition, customer loyalty, and distribution networks.

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Competitive Landscape

The competitive landscape in the airline A-la-carte services market is highly dynamic, with both established airlines and new startups vying for a share of the market. Established airlines are offering more A-la-carte services to stay competitive, while startups are entering the market with innovative and personalized offerings.

The startup ecosystem in the airline A-la-carte services market is characterized by a high degree of innovation and a focus on improving the customer experience. Startups are leveraging technology to offer more customized services and to streamline the booking and payment processes. Additionally, startups are often more agile than established airlines and can respond more quickly to changes in customer demand.

However, the airline A-la-carte services market is also highly regulated, which can make it difficult for startups to enter the market and scale their businesses. Additionally, established airlines have significant advantages in terms of brand recognition, customer loyalty, and distribution networks, which can make it challenging for startups to compete.

Key Segments

Product Type:

Baggage Fees
On-board Retail
Airline Retail
FFP Miles Sale
Others

Carrier Type:

Full-service Carrier
Low-cost Carrier

Region:

North America
Latin America
Europe
Asia Pacific (APAC)
The Middle East & Africa (MEA)

About Future Market Insights (FMI)

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Sales Coaching Software Market is Poised to Grow at a Healthy CAGR of 6.4% by 2032 | Future Market Insights, Inc.

The sales coaching software market is expected to grow at a 6.4% CAGR from 2022 to 2032, rising from USD 47.6 billion in 2022 to a valuation of USD 88.7 Billion by 2032. From 2021 to 2022, the industry is expected to grow by 8.4% year on year, surpassing its previous valuation of US$ 443.9 billion.

The acquisition and implementation of technology have proven to be the simplest component of the sales equation. Using AI and the advancement of technology, coaching can provide a scalable yet personalized approach that ends up developing sales capabilities rather than just supporting individual deals, allowing for progress tracking and helping to cascade best practices from top reps.

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The key to developing organizational skills is to provide formal and informal learning methods in a variety of delivery modes and formats. A technology solution enables sellers to access learning in the manner that best suits their learning preferences.

While technology and systems are easily made available, and even implemented, improving performance is more urgently dependent on what is delivered. This has been proven to be the easiest way to improve sales in the market.

Key Takeaways from the Sales Coaching Software Market report:

Cloud-based sales coaching software to grow at a CAGR of 6.1% during the forecast period
U.S. market sales coaching software is forecast to reach USD 31.5 Billion by the end of the forecast period, growing at a CAGR of 6.2%.
Growing numbers of IT businesses are expected to expand in China throughout 2022-2032 growing at a CAGR of 5.9%.
Deployment across large enterprises to be maximum, growing at a 5.8% CAGR
With the increasing adoption of CRM software in Japan, the market will grow at a CAGR of 5.2% over the forecast period.

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Competitive Landscape:

As new sales coaching software technologies are introduced, end-users will benefit from the introduction of new technologies. The ability to expand a company’s operational capabilities is one of the potential benefits of forming a strategic partnership. Businesses that use smart and dynamic sales coaching software to reduce security breaches and data losses in the market.
In May 2022, Mubadala announced that it had made an investment in SalesLoft, a global leader in providing the most comprehensive sales engagement platform, partnering with Vista Equity Partners, a leading global investment firm focused only on enterprise software, data, and technology-enabled businesses. Investing in the company results in an increase in valuation, capital, and partnership to accelerate the company’s development and growth trajectory.
In August 2021, Bigtincan (BLTC) announced plans to raise USD 135.3 Million in extra funding to purchase the U.S. sales coaching business Brainshark Inc. With the purchase of Brainshark, the ASX-listed company will be able to create a combined business with an ARR of USD 119 Million and 100% ownership of the business.

More Valuable Insights Available:

Future Market Insights, in its new offering, presents an unbiased analysis of the global sales coaching software market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by type (cloud-based and web-based), and by application (large enterprises and SMEs), across five major regions (North America, Europe, Asia Pacific, Middle East, and Africa and Latin America).

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Sales Coaching Software Market Segmentation:

By Type:

Cloud-based Sales Coaching Software
Web-based Sales Coaching Software

By Application:

Sales Coaching Software for Large Enterprises
Sales Coaching Software for SMEs

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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 Dermal Fillers and Botulinum Toxin Market Poised for Steady Growth, Projected to Reach USD 9,002.9 Million by 2034

The global dermal fillers and botulinum toxin market size is forecasted to thrive to a valuation of USD 6570.2 million in 2024 and is likely to register a CAGR of 3.2%, garnering a valuation of USD 9,002.9 million by the end of 2034.

Increasing research and development initiatives to broaden the therapeutic botulinum toxin applications, as well as an increasing number of cosmetic issues such as lateral central lines and crow’s feet on the face, are factors driving dermal fillers and botulinum toxin market growth.

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Botulinum toxin treatments are becoming increasingly popular among patients undergoing facelifts because to their low discomfort and downtime, as well as their long lasting results. Botulinum toxin has gotten particularly excellent feedback because to the low risk of adverse effects and ability to be administered numerous times per year for optimal results. This aspect is expected to drive up the dermal fillers and botulinum toxin market growth throughout the projection period.

The demographic from 30 to 40 are frequently concerned with their physical appearance and wish to seem young which resulting into increased attention to aesthetic characteristics, particularly in developed countries, would drive the growth of the dermal fillers and botulinum toxin markets. Dermal fillers and botulinum toxins can be used to restore face volume, decrease facial rhytides, and shape facial features, resulting in an appealing, young look.

Social media has had a considerable influence on psychological health of the consumers, urging them to start the operations as soon as possible in order to minimize the beginning of age related skin issues further driving the demand for dermal fillers and botulinum toxins during the forecast period.

Current injectable therapies such as dermal fillers are becoming more popular due to their enhanced efficacy in a range of treatment settings, including cleft lip repair and neck volume restoration. Dermal fillers are used to repair acne scars, restore face volume, reduce facial rhytides, and shape facial features.

Consumers choose a less unpleasant and easier way to seem younger and have more aesthetically pleasing face characteristics. This aspect is expected to assist dermal filler and botulinum toxin producers diversify their product offerings. Major players in the dermal fillers and botulinum toxin market are increasingly focusing on producing new filler items to meet dermal fillers and botulinum toxin market regional variations and growth potential.

Key Takeaways from the Dermal Fillers and Botulinum Toxin Market:

Australia and New Zealand is likely to augment at a CAGR of 2.3% throughout 2034.
France is anticipated to ascend at a CAGR of 2.2% throughout 2034.
The United States is expected to rise at a CAGR of 1.5% by 2034.
Botulinum Toxin is projected to hold a market share of 58.4% in 2023.
The aesthetic volume restoration segment is likely to hold a market share of 61.3% in 2023.

“Growing demand for minimally invasive procedures is anticipated to drive the growth of the global dermal fillers and botulinum toxin market,” says an FMI Analyst

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Dermal Fillers and Botulinum Toxin Market Competitor Analysis and Marketing Strategies:

The global dermal fillers and botulinum toxin market is highly fragmented. Major players in the dermal fillers and botulinum toxin market are focusing on opportunities for brand differentiation and market expansion. Mergers and acquisitions activity in the industry are the key marketing strategies used by leading brands to increase their market share. Technological innovations and new product releases bring new investment opportunities in the dermal filler and botulinum toxin market.

Recent Developments:

In January 2024, Galderma, the rising pure play dermatological category leader, announced that it has acquired clearance from Health Canada for Restylane® SHAYPE™, a hyaluronic acid injection developed for temporary chin augmentation.
In June 2023, Merz Therapeutics, a Merz Group firm and a leader in neurotoxins, announced the opening of a new affiliate in Stockholm for the Nordic area, which includes Denmark, Sweden, and Norway. Merz Therapeutics replaced its prior distribution partner Desitin by establishing a new company in Stockholm.

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Leading Dermal Fillers and Botulinum Toxin Brands:

Allergan plc.
Galderma SA
Merz Pharma GmbH & Co. KGaA
Anika Therapeutics, Inc.
Suneva Medical, Inc.
Speciality European Pharma
HUGEL, Inc
Grex Pharma SaS
Daewoong Pharmaceuticals
Medy-Tox Inc.
TEOXANE Laboratories

Key Segments of the Report:

By Product:

The dermal fillers and botulinum toxin market is classified into hyaluronic acid based dermal fillers, non-hyaluronic acid based dermal fillers and botulinum toxin.

By Application:

The dermal fillers and botulinum toxin market is classified into aesthetic volume restoration and wrinkle reduction.

By Region:

Analysis of the dermal fillers and botulinum toxin market has been carried out in key countries of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe and 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Salesforce CRM Document Generation Software Market is Projected to Have a Robust CAGR of 10.6% by 2032 | FMI

The salesforce CRM document generation software market is expected to increase at a CAGR of 10.6% through 2032, from USD 893 million in 2022 to USD 2.5 Billion in 2032.

Over the projected period, the rising demand for automated document generation is expected to increase demand for salesforce CRM document generation software and is expected to positively influence the salesforce CRM document generation software market trends.

With the rise of digitization and internet penetration in the social and corporate spaces in recent years, company operations have become increasingly complicated thereby widening the salesforce CRM document generation software market opportunities.

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The company is progressively concentrating on providing more dependable, secure, and appropriate service to its consumers to win their trust and drive the company’s growth expected to boost the salesforce CRM document generation software market statistics. Customers connect with enterprises mostly through sales or inquiries.

Due to the comparable functions and operational viability, it offers to both large organizations and SMEs, as IT technology has evolved, numerous businesses have sought to merge the capabilities of CRM and document management systems into one component. These are considered to be some of the vital factors enlarging the salesforce CRM document generation software market size.

Over the projected period, the rising demand for automated document generation is expected to increase demand for Salesforce CRM document generation software and Salesforce CRM document generation software market opportunities.

With the introduction of capable cloud management solutions, IT technology has advanced with the capacity to encrypt, store, and retrieve client data with ease from remote places, reducing documentation time and assisting the demand for document creation across corporate activities.

The biggest salesforce CRM document generation software market share was held by large enterprises. Large enterprises include anything from sole proprietorships to multinational firms with thousands of employees spread across many countries.

The growing importance of CRM documentation is likely to fuel salesforce CRM document generation software market expansion.

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Key Takeaways from the Salesforce CRM Document Generation Software Market Report:

The salesforce CRM document generation software market in the United States is expected to reach USD 874.3 Million by 2032, growing at a CAGR of 10.4% through 2032.
By 2032, the UK’s salesforce CRM document generation software market is predicted to be valued at USD 102.5 Million through 2032, with a CAGR of 9.6% through 2032.
South Korea is expected to reach a salesforce CRM document generation software market size of USD 87 Million by 2032, with a CAGR of 9% through 2032.
With a CAGR of 10.1% through 2032, China’s salesforce CRM document generation software market is predicted to reach USD 170.8 Million by 2032.
The market for salesforce CRM document generation software in Japan is expected to be worth USD 146.9 Million by 2032, with a CAGR of 9.7% through 2032.
The cloud-based category in the type sector of the salesforce CRM document generation software market is expected to grow at a CAGR of 10.5% through 2032.
The large enterprises in the application segment of the salesforce CRM document generation software market are increasing at a CAGR of 10.0% through 2032.

Competitive Landscape:

Salesforce CRM document generation software market growth, escalation in salesforce CRM document generation software market share, salesforce CRM document generation software market adoption trends, and major market strategies are all included in this report.

Our salesforce CRM document generation software market study also includes a part dedicated only to such large firms, in which our experts present an overview of all of the main players’ financial statements, as well as product benchmarking and SWOT analysis for salesforce CRM document generation software market outlook.

Leading Key Players:

Conga
Nintex
SpringCM
DealHub
WebMerge

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Salesforce CRM Document Generation Software Market Segmentation:

By Type:

Cloud-Based
On-Premises

By Application:

Large Enterprises
SMEs

By Region:

North America
Europe
Middle East & Africa
Asia Pacific
Latin America

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 Dechlorination Chemical Demand to Rise at 5.7% CAGR from 2023 to 2033

According to projections, the value of the global dechlorination chemical market will rise from USD 1,451.7 million in 2023 to USD 2,528.7 million in 2033. A compound annual growth rate (CAGR) of 5.7% is predicted for the global demand for dechlorination chemicals over the assessment period.

Sulfur-based chemicals segment is expected to dominate the global dechlorination chemical industry through 2033. It will likely hold a volume share of 68.8% by 2023. On the other hand, the activated carbon-based chemicals segment is set to thrive at a robust CAGR of 6.7% through 2033.

Growing demand for clean potable water and scarcity of freshwater sources are fueling up the demand for dechlorination chemicals. Similarly, the rapidly growing population, increasing government initiatives for water infrastructure development, and the awareness of chlorine-free water are key factors accelerating growth.

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Dechlorination chemicals are witnessing higher demand from diverse sectors, and the trend is expected to continue through 2033. This is due to their ability to improve water quality by removing chlorine and other contaminants.

Implementation of stringent environmental regulations regarding water quality is expected to bolster dechlorination chemical sales. Dechlorination chemicals, such as sodium metabisulfite, sodium bisulfite, and sodium sulfite, are specifically formulated to efficiently remove chlorine and chloramine compounds, aligning with the requirements of these regulations.

Growing usage of dechlorination chemicals in the pharmaceutical and food & beverage industries is another key factor expected to boost the target market. These chemicals are widely used to remove chlorine from water to make it suitable for usage in pharmaceutical and food products.

Key Takeaways from the Report

The global market for dechlorination chemicals is projected to thrive at 7% CAGR through 2033.
By chemical type, sulfur-based chemicals segment is expected to total a valuation of US$ 1,182.6 million by 2033.
By end use, the water treatment segment is set to hold a market share of 3% in 2023.
East Asia is expected to account for a significant share of about 33% in 2033.
The United States industry value is anticipated to reach US$ 392.0 million by 2033.
China is projected to attain a valuation of US$ 708.3 million by 2033.
Demand in India is predicted to rise at 4% CAGR through 2033.

“The dechlorination chemical market is poised to witness healthy growth due to escalating environmental regulations, expanding industrial sectors, and increasing emphasis on water quality across several applications. As industries worldwide strive to reduce their environmental impact and ensure compliance, demand for effective dechlorination solutions is expected to rise rapidly, creating growth prospects for the target market,” – says an Analyst at Future Market Insights (FMI).

Competitive Landscape

Chemtrade Logistics, INEOS CALABRIAN, BASF SE and Grasim Industries Ltd, Solvay SA, One Equity Partners, Hydrite Chemical, Hawkins, and Guangdong Hanyan Activated Carbon Technology Co., Ltd. are the leading manufacturers of dechlorination chemicals profiled in the full version of the report.

Key players are focusing on the expansion of domestic production and technology areas of dechlorination chemicals to provide cost-efficient solutions to consumers. They are also investing in developing new products and further innovation on the existing ones to meet end-user demand.

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Dechlorination Chemical Market Segmentation

By Chemical Type:

Sulphur based Chemicals
- Sodium Metabisulfite
- Sodium Sulfite
- Sodium Bisulfite
Activated Carbon based Chemicals
- Drinking Water Grade
- Waste Water Grade
Others

By Form:

Liquid
Solid

By End Use:

Water Treatment
Food and Beverages
Textile

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Quinoa Seed Market Set to Flourish to USD 475.6 Million by 2034 | Future Market Insights Inc.

The quinoa seed market is projected to reach USD 375.2 million in 2024, up from US$ 366.5 million in 2023. With an anticipated CAGR of 2.4% from 2024 to 2034, sales are forecasted to achieve USD 475.6 million by 2034.

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As awareness of the impact of food on health increases, there is a rising demand for plant-based foods. Quinoa seeds, being plant-based, are seeing growing global demand.

Quinoa is increasingly replacing traditional ingredients such as rice and barley in many dishes due to its perceived health benefits. This shift towards quinoa as a healthier alternative is driving growth in the quinoa seed market.

Quinoa’s utility extends beyond food preparation; it is also being utilized in beverages like beer and skincare products. This diversification offers additional market opportunities beyond the culinary sector.

Competitive Landscape

Market players are concentrating on the healthy aspects of quinoa seeds when it comes to marketing the product. Thus, many marketing campaigns focus on the superfood aspect of quinoa and quinoa seeds.

As key players are looking to increase their foothold in the market, acquisitions and mergers are becoming common strategies. Market players are focusing on combining supply chain capabilities in light of the increased import and export of quinoa seeds with advanced farming technologies. They are also focusing on mergers and acquisitions to increase their profits in the market.

Recent Developments in the Quinoa Seed Market

In June 2023, a combined effort from two American universities produced a new variety of quinoa plants. The plant was developed by scientists from Brigham Young University and Washington State University and is named the Cougar Quinoa.
In May 2022, Bhutan identified quinoa as a priority crop. Though the crop was only introduced in the country in 2015, the recognition by the government is expected to increase production significantly.
In January 2021, the Australian Department of Primary Industries and Regional Development (DPIRD) announced the development of a technique to correctly measure the amount of saponin in a quinoa seed. Saponin is considered harmful to the human body in high doses and is thus required to be measured properly.

Key Companies in the Quinoa Seed Market

Above Food Inc.
Alter Eco
Irupana Andean Organic Food SA
Andean Naturals
Industrial and Technological Complex Yanapasiñani SRL
Arrowhead Mills Inc.
Quinoabol SRL
The British Quinoa Company
Ancient Harvest
Quinoa Foods Company

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Key Segments

By Nature:

Organic
Conventional

By Form:

Whole Grain
Flour
Crisps & Flakes

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Commodity Plastic Market Projected to Reach USD 1170 Billion by 2034, Driven by Rising Demand for Antimicrobial Solutions in Food and Healthcare Industries

The global commodity plastic market is expected to experience significant growth. Estimates suggest that the market will be valued at USD 610.1 billion by 2024 and USD 1170 billion by 2034. Over the next ten years, this forecast indicates a compound annual growth rate (CAGR) of roughly 6.7%. The global market trajectory driven by evolving consumer needs, technological advancements, and industrial applications has resulted in a significant expansion of the demand for plastic materials across various industries.

As emerging nations become more urbanized, there will be a surging demand for high-demand plastics, particularly from the infrastructure, consumer goods, and construction industries. The growing middle class is expected to increase the demand for packaged goods, including food, drink, and household goods packed in generic plastic.

It is anticipated that continued developments in material science, manufacturing techniques, and package designs will drive the development of new commodity plastic varieties. The increasing trend of contemporary consumers buying online is expected to propel the demand for both regular and bulk plastics.

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Demand is expected to be driven by businesses’ continued preference toward environmentally friendly substitutes for traditional mainstream plastics, such as recycled materials, biodegradable polymers, and bio-based plastics. Leading companies’ attention to the creation of a circular economy is anticipated to spur improvements in material recovery, recycling techniques, and waste management procedures.

It is anticipated that increased awareness of plastic pollution and the implementation of strict regulations to reduce it in a number of nations would spur innovation in the commodity plastic sector. Interactive consumer interaction, shelf life extension, and tamper-evident solutions are expected to be made possible by the incorporation of functional additives, active substances, and innovative technologies into commodity plastic packaging solutions.

Key Takeaways from the Commodity Plastic Market Report-

South Korea is set to lead the commodity plastic market by showcasing a CAGR of 8.0% in the forecast period.
Japan’s commodity plastic industry is projected to witness a CAGR of 7.7% in the evaluation period.
The United States is expected to reach a valuation of US$ 210.1 billion by 2034.
Based on type, the polyethylene (PE) segment is anticipated to witness a CAGR of 6.5% from 2024 to 2034.
In terms of the end-use industry, the packaging segment is predicted to showcase a CAGR of around 6.4% in the estimated period.

“The need for commodity plastic manufacturing is expected to rise in emerging countries due to the ever-expanding e-commerce sector, which mostly uses plastics for packaging and shipping. Countries with well-established automobile sectors are set to witness new opportunities as manufacturers frequently employ commodity plastics to create lightweight exterior and interior elements that increase fuel efficiency.” – says Analyst at Future Market Insights, Inc.

Competitive Landscape

In order to meet the increasing demand from contemporary customers, leading enterprises in the commodity plastic market are concentrating on offering creative plastic packaging solutions. Large sums of money are being spent on research & development in an effort to find innovative packaging that complies with regulations and helps lessen plastic pollution. A few other businesses are attempting to increase their market share in the antibacterial commodity plastic industry.

Key Companies Profiled in the Commodity Plastic Market Report

LG CHEM
INEOS
LYONDELLBASELL
SUMITOMO CHEMICAL
SABIC

For instance,

In November 2023, Reusable Plastic Containers (RPCs) designed especially for banana packing were introduced in partnership with Arena Packing by Fresh Del Monte Produce Inc., a well-known manufacturer of premium fruits and vegetables. With this packaging, the company hopes to extend the shelf life of bananas while cutting expenses and carbon emissions.
Ecolab and TotalEnergies collaborated to introduce their revolutionary plastic packaging in February 2023. As the packaging solution is composed of recycled materials, the heavy-use packaging sector will be more sustainable. The companies claimed that their innovative packaging method would help the industry meet the EU’s circularity obligations.

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Commodity Plastic Market Outlook by Category

By Type:

Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Acrylonitrile Butadiene Styrene (ABS)
Polyethylene Terephthalate (PET)
Poly (Methyl Methacrylate) (PMMA)

By End-use Industry:

Packaging
Automotive
Electronics
Consumer Goods
Construction
Textiles
Medical & Pharmaceutical
Others

By Region:

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

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Sales Platforms Software Market to Reach USD 193.1 Billion, Globally by 2032 at 10.4% CAGR: Future Market Insights, Inc.

The sales platforms software market is expected to increase at a CAGR of 10.4% from USD 71.5 billion in 2022 to USD 193.1 Billion through 2032. The emergence of COVID-19 has caused a temporary halt in output, causing a downturn in several international economies. The sales platforms software market is affected. Sales enablement issues and possibilities have become more obvious than ever as a result of the COVID-19 situation.

The growing requirement among businesses to strengthen internal business processes and promote sales performance is likely to fuel the global expansion of the sales platforms software market.

Within Mid-sized Enterprises, both market dynamics are driving the demand for sales enablement, which unifies marketing and sales operations, roles, and responsibilities, as well as technology and systems. These solutions envision enablement ranging from product-level information to advanced analytics, enabling higher lead conversions, depending on the seller’s maturity.

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The proliferation of mobile devices and the availability of dependable Wi-Fi have thrown the buyer-seller relationship on its head. As the number of connected devices grows at an exponential rate, new sales channels emerge, providing potential for the sales platforms software market.

The aforementioned challenges in consumer goods and retail generate an urgent demand for sales platform solutions in the market. The uneven user experience across different access channels may hurt the sales platform software market’s growth.

As North America is a key hub for technical advancements and an early user of new technologies, it holds the largest market share in the sales platforms software market. Customers in the region are being served with best-in-class services, ensuring that they are engaged at the appropriate moment.

Their’ buying behavior has changed dramatically as a result of increased Internet, communication devices, and mobile penetration, and it is critical to approach customers with the correct content to remain competitive.

The presence of big businesses in North America’s sales platforms software market helps to fuel demand and raise knowledge about the advantages of using sales enablement technologies.

Sales enablement bridges the gap between sales and marketing, allowing businesses in the North American area to create more revenue.

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Key Takeaways from the Sales Platforms Software Market Report:

The cloud-based category in the type sector of the sales platforms software market is expected to grow at a CAGR of 10.3%.
The large enterprises in the application segment of the sales platforms software market are increasing at a CAGR of 10.1%.
The sales platforms software market in the United States is expected to reach USD 68.9 billion by 2032, growing at a CAGR of 10.2% over the study period.
By 2032, the UK’s sales platforms software market is predicted to be valued at USD 8.1 billion, with a CAGR of 9.4%.
With a CAGR of 9.9% throughout the forecast period, China’s sales platforms software market is predicted to reach USD 13.5 billion by 2032.
The market for sales platform software in Japan is expected to be worth USD 11.6 billion by 2032, with a CAGR of 9.5% throughout the forecast period.
South Korea is expected to reach a sales platforms software market size of USD 6.9 billion by 2032, with a CAGR of 9% over the forecast period.

Competitive Landscape:

The major players offering sales engagement platforms include SAP, Bigtincan, Upland Software, Showpad, Seismic, Highspot, Accent Technologies, ClearSlide, Brainshark, and others.

Seismic (US), a prominent sales platforms software provider, offers a sales and marketing enablement platform to bridge the sales and marketing divide. The seismic sales platforms software aids an organization’s sales staff in increasing transaction conversion rates and overall efficiency.

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Sales Platforms Software Market Segmentation:

By Type:

On-Premises
Cloud-based

By Application:

Large Enterprises
SMEs

By Region:

North America
Latin America
Europe
Asia Pacific
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 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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Fiber Reinforced Polymer Panel and Sheet Market Expected to Surge at a CAGR of 5.9% from 2024 to 2034

The global fiber reinforced polymer panel and sheet market is anticipated to reach a valuation of USD 1.1 billion in 2024, driven by demand for fire retardant materials. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.9% between 2024 and 2034, and reaching a total valuation of approximately USD 1.9 billion by 2034.

A major factor contributing to the growth of the market is the emergence of biocomposite materials, which combine natural fibers with polymer matrices. Biocomposites offer environmental benefits, reduced dependency on petroleum based resins, and improved recyclability compared to traditional fiber reinforced polymer materials.

The adoption of digitalization and Industry 4.0 technologies is transforming manufacturing processes in the fiber reinforced polymer industry. Advanced modeling and simulation tools enable manufacturers to optimize material usage, reduce waste, and improve production efficiency.

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Energy efficient building solutions, such as passive solar design and green building certifications, are driving the demand for high performance building materials like fiber reinforced polymer panels and sheets. The materials contribute to improved thermal insulation, daylighting, and indoor air quality, leading to energy savings and occupant comfort in commercial and residential buildings.

Key Takeaways from the Market Study

Global fiber reinforced polymer panel and sheet market was valued at US$ 1.0 billion in 2023.
From 2019 to 2023, the market demand expanded at a CAGR of 7.5%.
The market in Japan is expected to expand at a CAGR of 7.2% through 2034.
By fiber type, the glass segment to account for a CAGR of 5.8% through 2034.
The absolute dollar growth of the market is projected to reach a value of US$ 834.0 million during the forecast period.
The market in the United Kingdom is expected to expand at a CAGR of 6.5% through 2034.

“The growth of e-commerce platforms and direct to consumer channels is expanding the market reach for fiber reinforced polymer manufacturers and suppliers. Online marketplaces offer greater visibility, accessibility, and convenience for customers seeking fiber reinforced polymer panels and sheets for various applications,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the Fiber Reinforced Polymer Panel and Sheet market are Brianza USA Corporation, Captrad Ltd, Crane Composites, Inc. (Crane CO.), Dofrp (Miyabi FRP), Hill & Smith Holdings PLC, Kal-Lite, Kalwall, Krempel GmbH, Panolam Industries International, Inc., and Redwood Plastics and Rubber, among others.

Company Portfolio

Crane Composites Inc. is a leading manufacturer of fiber reinforced polymer panels and sheets for applications in the transportation, construction, and recreational vehicle industries. Their product line includes lightweight and durable panels designed to meet industry standards and customer specifications.
Dofrp (Miyabi FRP) specializes in the production of fiber reinforced polymer panels and sheets for architectural and decorative applications. Their products feature innovative designs, aesthetic appeal, and superior performance characteristics suitable for interior and exterior use.

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global fiber reinforced polymer panel and sheet market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the fiber reinforced polymer panel and sheet market, the market is segmented on the basis of fiber type (glass, carbon, others), and end user industry (transportation, building and construction, others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa).

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