Sustainable Packaging Solutions: How the Paper Core Market is Set to Surpass US$ 4.1 Billion by 2034

Paper Core Market
Paper Core Market

The paper core market is likely to cross a valuation of US$ 3.3 billion in 2024. The sales of paper core are predicted to witness a moderate CAGR of 2.2% through 2034. The industry is projected to surpass US$ 4.1 billion by 2034.

This growth is driven by the increasing demand for sustainable and eco-friendly packaging solutions across various industries, including textiles, paper, and film. The rising awareness of environmental issues and stringent regulations on plastic usage are pushing manufacturers towards paper-based alternatives, thereby boosting the paper core market. Technological advancements in manufacturing processes have also led to the production of high-strength and durable paper cores, making them suitable for heavy-duty applications.

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Additionally, the booming e-commerce sector is contributing to the demand for paper cores, as they are essential in packaging and shipping products safely. The expanding consumer goods industry, coupled with growing industrialization in emerging economies, further fuels the market growth. Moreover, the versatility of paper cores in terms of sizes and applications makes them a preferred choice for various end-users. Innovations in recycling and waste management are enhancing the appeal of paper cores, aligning with global sustainability trends. As industries continue to seek greener alternatives, the paper core market is poised for substantial expansion in the coming years.

“The paper core industry has opportunities for expansion, especially in emerging markets where there is increasing demand for packaging solutions. Innovations in paper core manufacturing processes, such as automation and digitalization, present opportunities for improving efficiency and reducing production costs.” Says a Lead Analyst at FMI

Key Takeaways from the Market Study

  • Dog hostels are expected to maintain dominance, projected to capture a market share of 47.6% in 2024.
  • Online booking platforms are poised to lead the market with an estimated share of 44.6% in 2024.
  • The United States’ pet hotel industry is forecasted to grow at a CAGR of 4.5% through 2034.
  • The pet hotel sector in the United Kingdom is anticipated to experience growth at a rate of 8.0% through 2034.
  • China’s pet hotel industry is predicted to see expansion with a CAGR of 9.4% through 2034.
  • Japan’s pet hotel industry is expected to exhibit growth at a CAGR of 10.8% through 2034.
  • Germany’s pet hotel market is projected to increase at a CAGR of 5.3% through 2034.

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Competitive Landscape

In the pet hotel industry, there exists various players ranging from small boutique establishments to large-scale chains. These competitors vie for market share by offering unique services and amenities tailored to pet owners’ preferences and budgets. With the increasing humanization of pets, pet hotels are no longer just boarding facilities but also serve as luxury retreats, providing grooming services, spa treatments, and personalized care options. As a result, the competition in the pet hotel sector is intensifying, driving innovation and differentiation among providers.

Meeting stringent health and safety standards set by regulatory authorities adds to operational costs and administrative burdens for pet hotel operators. Moreover, attracting and retaining qualified staff, including trained veterinarians and animal caretakers, poses a significant challenge, particularly in regions with labor shortages or high turnover rates. Additionally, maintaining high levels of cleanliness and sanitation amidst a constant influx of pets requires significant investment in infrastructure and resources.

Opportunities abound for pet hotel operators who can capitalize on emerging trends and consumer preferences. Expanding into new geographical markets or diversifying service offerings to include specialized care for specific pet breeds or medical conditions can open up new revenue streams. Moreover, leveraging technology to streamline booking processes, enhance customer communication, and provide real-time updates on pets’ well-being can improve customer satisfaction and loyalty. Additionally, partnerships with local pet-related businesses, such as veterinary clinics or pet supply stores, can help pet hotels enhance their service offerings and attract a broader customer base.

Recent Developments:

  • Sonoco announced in January 2024 that it will acquire Corenso Holdings America, Inc., a major maker of uncoated recycled paperboard and high-performance cores for the paper, packaging, and textile sectors.
  • In July 2023, YAZOO MILLS released a new environmentally friendly paper core alternative manufactured from 100% recycled paperboard and certified by the Sustainable Forestry Initiative (SFI).
  • ENR invested in a new paper core manufacturing line in May 2023, outfitted with cutting-edge technology and automation to boost efficiency and productivity.
  • In March 2023, Smurfit Kappa created a new and sustainable water-resistant paper core with a unique coating that protects it from moisture and humidity while maintaining its recyclability.

Key Segments

By Material Type:

  • Kraft Board
  • Virgin
  • Recycled
  • Paperboard

By Diameter Type:

  • 23 mm to 76 mm
  • 77 mm to 152 mm
  • 153 mm to 229 mm
  • 230 mm and above

By Application:

  • Paper & Polyester
  • Winding & Rewinding
  • Decoration & Specialty Paper
  • Hygiene & Tissue Paper
  • Printing & Coating

By End-use:

  • Paper & Polyester
  • Electronic
  • Textile
  • Constructing
  • Beverage Packaging

By Region:

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

About Future Market Insights Inc. (FMI)

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

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EV Charger Market to surpass US$ 68,967.2 million by 2033

According to ESOMAR-certified Future Market Insights’ (FMI) – By the end of the year 2033, the overall valuation of the global EV charger market is expected to be around US$ 68,967.2 million. This year, it is expected to be US$ 6,520.9 million and increase at a CAGR of 26.6% from 2023 to 2033. The net worth of all EV chargers sold in 2022 was estimated to be around US$ 5,130.5 million in 2022.

In response to the ongoing escalation in the cost of gasoline and diesel, there are greater sales of fuel-efficient automobiles like BEVs and HEVS. The depletion of fossil fuel sources and the rising propensity of businesses to maximize profit from these oil reserves are to blame for this. Therefore, these factors increase the need for cutting-edge EV charging technology, resulting in a rise in the popularity of electrically driven automobiles.

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Key Takeaways

  • Germany holds an overall market share of 11.2% of the global EV charger business, which is higher than any other country. With the presence of some of the leading electric vehicle suppliers, it is poised to hold its dominance in the coming days.
  • The United States follows Germany in the production and sales of EV chargers, and contributes nearly 9.6% of the global revenue share. Significant expenditure by the key EV charger market players in research and development is poised to keep it a market leader in this sector.
  • In the Asia Pacific region, China is the leading manufacturer of chargers for electric vehicles and is poised to grow at 20.8% on an annual basis.
  • Meanwhile, India is anticipated to witness a year-on-year growth rate of 26.6% during the period from 2023 to 2033.
  • Based on vehicle type, battery-operated electric vehicles (BEVs) generate the most amount of demand for EV chargers around the world. In the year 2022, this market segment contributed revenue of around US$ 2,350 million, which was figured out to be 45.8% of the global EV charger market size.
  • Japan is also a prominent market, with substantial demand for EV chargers owing to the presence of many EV manufacturing companies. The overall value of the Japan EV charger market is expected to reach US$ 413.8 million by 2033.

 

Competitive Landscape

Key players operating in the global EV charger market are ABB Ltd., Robert Bosch GmbH, Siemens AG, Delphi Automotive, Chroma ATE, Aerovironment Inc., Silicon Laboratories, bp pulse, Schaffner Holding AG, and POD point among others.

Due to the existence of multiple market entities, the global EV charger industry is fairly fragmented and is getting more competitive each year. Also, for enhancing their market positions and expanding their shares, the leading players are consistently engaged in a variety of R&D initiatives. Other strategies include partnerships, buyouts, acquisitions, cooperation, new product introductions, and many others.

Recent Developments

  • BorgWarner Inc. finalized acquiring Delphi Technologies Company in the year 2020. The EV power electronics products, including the EV charger business of BorgWarner, are expected to benefit from the merger with Delphi Technologies.
  • According to an agreement between Enel X, Be Charge, and Eni Apps in December 2021, customers can utilize their smartphones to access charging stations.

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Key Segments

By Vehicle Type:

  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Fuel Cell Electric Vehicle (FCEV)

By Charging Type:

  • On-board Charger
  • Off-board Charger
  • Others

By End User:

  • Residential Electric Vehicles
  • Commercial Electric Vehicles
  • Other Electric Vehicles

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and the Pacific
  • The Middle East and Africa (MEA)

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Positive Displacement Pumps Market Analysis: Industry Rising to USD 21.72 billion by 2033

The global demand for positive displacement pumps market is projected to increase at a CAGR of 4.4% during the forecast period between 2023 and 2033. This promising growth rate is poised to expand the marketplace for the market positively by reaching a total of USD 21.72 billion by 2033.

According to a report from Future Market Insights, the net worth of the total positive displacement pumps sold globally in 2023 could be around USD 14.12 billion. Positive displacement pumps have seen impressive development in recent years with an increase in demand for their use in several critical industries including oil mining. They have become essential instruments in a variety of applications due to their outstanding capacity to move viscous liquids, prompting manufacturers to increase production.

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Key features and types of positive displacement pumps:

  1. Fixed Displacement: These pumps move a constant volume of fluid with each cycle regardless of the discharge pressure. Examples include gear pumps, vane pumps, and piston pumps.
  2. Variable Displacement: These pumps can vary the volume of fluid displaced per cycle, allowing for adjustable flow rates. Examples include axial piston pumps and radial piston pumps with variable displacement mechanisms.
  3. Reciprocating Pumps: Reciprocating positive displacement pumps use a piston, plunger, or diaphragm to create flow. As the piston or plunger moves back and forth within a cylinder, it alternately draws in and expels fluid. Reciprocating pumps include piston pumps and diaphragm pumps.
  4. Rotary Pumps: Rotary positive displacement pumps use rotating elements such as gears, lobes, screws, or vanes to trap and move fluid through the pump. These pumps are known for their smooth, pulse-free flow and are commonly used in applications requiring precise metering or high viscosity fluids. Examples include gear pumps, vane pumps, and screw pumps.

Scope Of Report:

Report Attributes Details
Market Value in 2022 US$ 13.78 billion
Market Value in 2033 US$ 21.72 billion
Growth Rate CAGR of 4.4% from 2023 to 2033
Base Year for Estimation 2022
Historical Data 2018 to 2022
Quantitative Units Revenue in US$ billion and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
  • Product Type
    • Reciprocating Pump
    • Rotary Pump
  • Application
    • Oil & Gas
    • Chemicals
    • Water & Wastewater
    • Pulp & Paper
    • Power
Regions Covered
  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa (MEA)
Key Countries Profiled
  • The USA
  • Canada
  • Brazil
  • Mexico
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Italy
  • BENELUX
  • Russia
  • Australia
  • New Zealand
  • India
  • Association of Southeast Asian Nations
  • GCC
  • China
  • Japan
  • South Korea
  • GCC
  • Turkey
  • South Africa
Key Companies Profiled
  • Ebara Corporation
  • Xylem Inc.
  • Sulzer AG
  • Flowserve Corporation
  • Grundfos
  • The Wier Group PLC
  • KSB Group
  • Wilo SE
  • Dover Corporation
  • Ruhrpumpen Group

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Centrifugal vs Positive Displacement Pumps | C&B Equipment

Railway Control Stands Market Poised for USD 2189.6 Million Value by 2033 with Steady 3.6% CAGR

The overall value of the global railway control stands market has been estimated at around USD 1537.3 Million in 2023. It is expected to grow at a CAGR of 3.6% over the next ten years. Based on the railway control stands market report, the net worth of the total sales of railway control stands achieved in 2033 will be approximately USD 2189.6 Million.

The global railway control stands market is driven by increased budget allocations for railway development and a surge in demand for a safe, efficient, and secure transport network. The industry is also anticipated to develop in the upcoming years as a result of the growing use of public transportation services to ease traffic congestion.

However, high capital requirements will hinder the market’s development. The rapid improvement of railway infrastructure in developing countries is expected to provide significant growth opportunities for market participants.

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Governments all around the world are growing more and more interested in incorporating new technology into the infrastructure of the railways. To improve operational efficiency, these efforts are being undertaken. Moreover, governments are developing modern trains and train monitoring systems with the help of technology.

Market growth, however, is expected to be constrained by the installation and maintenance costs associated with railway control stands. As railway control and management solutions become more complex, adoption is expected to be slowed.

Key Takeaways from the Railway Control Stands Market Report:

  • By 2033, the global railway control stands market is expected to reach US$ 2189.6 Mn.
  • During the period 2018-2022, the market experienced a CAGR of 1.9%.
  • As for rail type, freight wagons have the highest market share, taking 6% of the market.
  • According to regional forecasts, railway control stands are likely to capture 4% of the U.S. market.

Competitive Landscape:
In developing nations, infrastructure improvements are occurring, and mining and industrial activities are growing, creating significant growth opportunities for emerging players in the global market. A few companies account for most of the market share such as CRCC, CRSC, and CREC. Some other prominent players are as follows

  • Asea Brown Boveri (ABB)
  • General Electric
  • Hitachi Ltd.
  • Mitsubishi Electric Corporation
  • Alstom SA
  • Bombardier Inc.
  • MEN Mikro Elektronik GmbH
  • Siemens AG
  • DEUTA-WERKE GmbH
  • EKE Group
  • Strukton Rail
  • Toshiba Corporation
  • Thales Group

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Recent Developments:

  • In February 2022, the CRRC developed a 3000 hp permanent magnet hybrid shunting locomotive that reached 2,000 kilometers without incident. Consumers appreciated the locomotive’s low energy consumption and environmental protection as compared to conventional shunting diesel locomotives.
  • With the launch of PTC (Positive Train Control), railcar telematics, and dispatching systems in May 2022, Hitachi Rail has introduced several innovations in automation and digitalization.
  • Siemens developed the first electrically controlled friction brake for rail vehicles in January 2022 called the air-free brake system, also known as an electronic friction brake system. There is no need for compressed air in the braking system. This redesigned brake offers many technological advantages, as well as a decrease in vehicle weight and an increase in vehicle speed.

Railway Control Stands Market Segmentation:

By Rail Type:

  • Passenger Coaches
  • Trams
  • Locomotives
  • Metros
  • Freight Wagon

By System Type:

  • Auxiliary Power
  • HVAC
  • Propulsion
  • On-board Vehicle Control
  • Train Information
  • Train Safety

By Region:

  • North America
  • Latin America
  • Europe
  • The Middle East and Africa
  • East Asia

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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Packaging Testing Services Market Growth Driven by Rising E-commerce, Likely to Reach US$ 37,452.4 Million by 2033

Packaging Testing Services Market
Packaging Testing Services Market

The global packaging testing services market was pegged at around US$ 13,527.2 million back in the year 2022. The new market analysis report, released by FMI, anticipates the market to expand at a CAGR of 9.7% from 2023 to 2033. By following this lucrative CAGR, the overall market is projected to grow from US$ 14,839.3 million in 2023 to US$ 37,452.4 million by 2033.

This expansion is driven by increasing demand across various sectors, including pharmaceuticals, food and beverage, and consumer goods. As businesses prioritize sustainability and compliance with stringent regulatory standards, the need for advanced packaging testing solutions has surged.

Innovations in testing methodologies, such as automated and non-destructive testing, are enhancing the precision and efficiency of these services, further fueling market growth. Additionally, the rise of e-commerce and the need for robust packaging to prevent damage during transit are crucial factors contributing to the escalating demand for comprehensive packaging testing.

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Growing consumer awareness regarding product safety and quality also plays a pivotal role in market expansion. Packaging testing services ensure that products meet safety standards and are free from contaminants, thereby maintaining consumer trust and brand reputation.

Moreover, globalization and the proliferation of international trade necessitate rigorous testing to comply with diverse regulatory requirements across different regions. As companies aim to reduce environmental impact, the development of eco-friendly packaging materials requires meticulous testing to ensure performance and durability, further boosting the market. Consequently, the packaging testing services market is expected to witness robust growth in the coming years.

Key Takeaways from the Packaging Testing Services Market Study Report

  • The adoption of packaging testing services globally is projected to witness an absolute growth opportunity of US$ 22,613.1 million over the next ten years.
  • Currently, countries in Europe together contribute nearly 29.6% of the global revenue generated by packaging testing services. Germany is the leading country in this respect and held a global market share of 6.1% in 2022.
  • The demand for packaging testing services in the United Kingdom is growing at a significant rate than in any other country in Europe. The United Kingdom market is anticipated to witness an overwhelming growth rate of 3.1% over the forecast years.
  • North America followed Europe in providing packaging testing services and contributed 24.2% to global revenue in 2022. However, in comparison to all other countries, the United States dominated the global market by acquiring 21.7% of the revenue share.
  • China and India are projected to emerge as the leading regions by following CAGRs of 10.5% and 11.2% through 2033 respectively

Competitive Landscape for the Packaging Testing Services Market Players

In this market study, the competitive landscape is relatively strong, and regional packaging testing services concentration is modest in nature. However, rapid advancement and consolidation of the market are anticipated over the next years through mergers and collaborations.

It is anticipated that the rivalry could get intense in the next two to three years with the emergence of new market players. Long-standing players like Intertek, Eurofins, SGS, and Bureau Veritas, may continue their market dominance by providing cutting-edge solutions services to ratchet up the market rivalry.

Recent Developments by the Packaging Testing Services Providers

  • The Advanced Testing Laboratory, which was mainly a supplier of scientific sourcing services, was purchased by Bureau Veritas Inc. in June 2022. It offered research and development, product qualification, production, and packaging like all services. Bureau Veritas anticipated that the purchase might aid in growing its market share in the United States and Canada.
  • In July 2022, an additional Package Testing Lab was established by Eurofins Scientific SE. This new lab is expected to offer crucial testing assistance for the protective qualities and longevity of labels over packages. On top of that, the company’s service capabilities to clients are anticipated to be improved by this new unit in Lancaster, Pennsylvania.
  • Packaging testing service providers in India were able to demonstrate their end-to-end commitment to sustainability starting in January 2020. It was possible through the innovative Total Sustainability Assurance program from Intertek Group plc, which offers an industry-leading, independent assurance solution.

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Key Segments

Packaging Testing Services Market by Testing Type:

  • Physical
  • Chemical
  • Microbiological

Packaging Testing Services Market by Material:

  • Plastic
  • Paper & Paperboard
  • Glass
  • Metal
  • Others

Packaging Testing Services Market by End-user:

  • Food
  • Beverages
  • Healthcare
  • Personal Care & Cosmetics
  • Others

Packaging Testing Services Market by Region:

  • North America Market
  • Latin America Market
  • Europe Market
  • East Asia Market
  • South Asia Market
  • Oceania Market
  • The Middle East & Africa (MEA) Market

About Future Market Insights Inc. (FMI)

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

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Sustainable Materials Boosts Mobile Cases and Covers Market Expansion, Projected to Hit US$ 42,881.3 Million by 2033

Mobile Cases and Covers Market
Mobile Cases and Covers Market

The global mobile cases and covers market is forecast size is expected to reach US$ 42,881.3 million by the year 2033. Meanwhile, the market is projected to expand at a CAGR of 5.8% between 2023 and 2033. In 2023, the market is assessed to account for US$ 24,401.2 million.

The mobile cases and covers market is experiencing significant growth driven by the increasing adoption of smartphones globally. With the proliferation of advanced mobile devices, consumers are seeking ways to protect their investments from damage and enhance the aesthetic appeal of their devices.

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Several factors contribute to this growth, including the rising disposable income in emerging economies, the trend towards personalized and fashionable phone accessories, and the continuous innovation in materials offering better durability and protection. Moreover, e-commerce platforms have made it easier for consumers to access a wide variety of options, further fueling market expansion.

Technological advancements such as the introduction of eco-friendly and sustainable materials in mobile case production are also gaining traction, aligning with the global push towards sustainability. Additionally, strategic collaborations between mobile manufacturers and case designers are fostering the development of exclusive and customized product lines, appealing to a broader consumer base. The increasing importance of aesthetics and personal expression in consumer choices is expected to sustain market growth in the coming years.

Top Highlights from the FMI’s Analysis of Mobile Cases and Covers Industry: 

  • The North America mobile cases and covers industry obtained a 25.7% market share in the historical period.
  • The United States market contributed 19.4% to the global mobile cases and covers the industry.
  • The Europe mobile cases and covers industry gained 23.9% of the global market in 2022.
  • The German market acquired a market share of 4.7% in 2022.
  • The United Kingdom market is projected to expand at 4.4% CAGR in the estimated period.
  • The Asia Pacific region is estimated to register robust sales of mobile cases and covers. China and India, both are expanding expeditiously, at a CAGR of 8.9% and 8.3%, respectively.
  • Based on product, covers procured market share of 56.2% in 2022.
  • Based on material, plastic gained 29.8% of the overall market in 2022.

Stay Updated with Recent Developments in Mobile Cases and covers the Market

  • Atom Studios, the United States based company, announced in February 2022 the unveiling of a new case for Samsung phones. The new case is known as Touch, and is present for S22+ and S22 Samsung Galaxy models. As the name suggests, the case is made keeping tactility in mind. The soft-touch silicone outer covering feels ultra-soft upon touch.
  • CLCKR, which is a mobile accessory company, revealed a new offering in September 2021, for mobile cases, multi-functional stands, and grips for iPhone 13, 13 Pro Max, and 13 Pro. The range of new designs has incorporated color match choices for iPhone’s 13 holographic designs, colors, and alliances with Richmond and Finch.
  • Incipio Inc. introduced protective cases for series of Samsung Galaxy S21, such as S21 5G, S21 Ultra 5G, S21+ 5G devices. These cases have been qualified as per Samsung performance standards.

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Key Segments Covered in Mobile Cases and Covers Industry Research

Mobile Cases and Covers Market by Product:

  • Cases
    • Wallets
    • Pouches
    • Hard Cases
  • Covers
    • Back Covers
    • Flip Covers

Mobile Cases and Covers Market by Material:

  • Plastic
    • Polypropylene
    • Polyethylene
    • PVC
    • Polyurethane
    • Others
  • Leather
  • Silicone
  • Rubber
  • Biodegradable
    • Wood
    • Fabric
    • Bioplastic
    • Paper & Paperboard

Mobile Cases and Covers Market by Print Type:

  • With Print
  • Without Print

Mobile Cases and Covers Market by Region:

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

About Future Market Insights Inc. (FMI)

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

Contact Us:      

Future Market Insights Inc.
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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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Robust Growth in the Kraft Liner Market: Projected to Reach US$ 25,606.3 Million by 2033 Driven by E-commerce and Sustainability Trends

Kraft Liner Market
Kraft Liner Market

As per the analysis conducted by Future Market Insight, the global kraft liner market is anticipated to attain a valuation of US$ 22.84 billion by 2033, with a CAGR of 2.0%. This projection showcases a considerable surge compared to its estimated worth of US$ 18.73 billion in 2023.

This expansion is primarily driven by the rising demand for sustainable and eco-friendly packaging solutions. Kraft liner, known for its strength and durability, is increasingly being adopted across various industries, including food and beverages, electronics, and consumer goods, due to its recyclable nature.

The surge in e-commerce and the consequent need for robust packaging materials to ensure the safe delivery of goods is another critical factor bolstering market growth. Moreover, the implementation of stringent environmental regulations globally is encouraging manufacturers to shift towards sustainable packaging materials, further propelling the Kraft liner market. Technological advancements in manufacturing processes and the development of high-performance kraft liners are also contributing to market expansion. The increasing consumer awareness regarding environmental sustainability and the preference for green packaging options are expected to sustain the market’s upward trajectory over the forecast period.

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The global online retailing market is rapidly expanding due to increased internet and smartphone usage. E-commerce is projected to experience the maximum growth in terms of value. The e-commerce market is increasing speedily, driven by rising incomes and growing internet users. This growth in online retailing is likely to result in a higher demand for printing and packaging solutions.

The market also faces challenges from alternative packaging materials such as corrugated boards and plastic. These materials offer different properties and performance characteristics that may be more suitable for certain applications, posing competition to kraft liners in specific market segments.

Customization and branding opportunities are emerging trends in the market. Many businesses are opting for printed kraft liners with their logos, designs, and promotional messages to enhance their brand identity and attract consumers. This trend is particularly prominent in the premium product segments.

Key Takeaways from the Kraft Liner Market:

  • The kraft liner industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 1.2% through 2033.
  • The United States held a 16.0% share of the global kraft liner industry in 2022.
  • With a CAGR of 1.8% over the forecast period, India is predicted to develop rapidly in the kraft liner industry.
  • In 2022, Japan had a 9.6% share of the kraft liner industry globally
  • The kraft liner industry in China is expected to increase, registering a CAGR of 2.7% over the forecast period.
  • Germany accounted for 5.7% of the global kraft liner industry in 2022.

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Competitive Landscape in the Kraft Liner Market

Key market players are implementing a myriad of tactics to uphold their market standings and magnify their existence on a global scale. These strategic approaches incorporate the following:

  • Focusing on vertical integration to strengthen its position in the market
  • Investing in advanced manufacturing technologies and sustainable solutions to expand their product portfolio
  • Emphasizing innovation and research and development to develop high-performance kraft liners catering to diverse customer requirements
  • Focusing on capacity expansion and acquisitions to meet the growing market demand
  • Producing kraft liners made from recycled fibers, aligning with the demand for sustainable packaging solutions
  • Providing customized kraft liners tailored to specific packaging needs with a wide range of product variations
  • Establishing strategic partnerships with retailers and e-commerce companies to gain a competitive edge
  • Investing in advanced technology to enhance manufacturing capabilities and maintain market position

Recent Developments by Key Kraft Liner Market Players

  • In January 2023, Metsä Board publicized that its Kemi mill had achieved a remarkable milestone. On December 12, 2022, the mill successfully produced and reached fifteen million tons of premium kraft liner.
  • Packaging Corporation of America announced a significant agreement to acquire Sacramento Container Corporation in August 2017. Additionally, they have revealed plans to convert the paper machine at the Wallula Mill into a high-performance 100% virgin kraft liner board facility.

Kraft Liner Market Outlook by Category

By Product Type:

  • Bleached
  • Unbleached

By Basis Weight:

  • Up to 200 GSM
  • 200 to 400 GSM
  • Above 400 GSM

By Application:

  • Corrugated Sheets
  • Corrugated Boxes
  • Container Board or Solid Board

By End Use:

  • Food
  • Processed Food
  • Fresh Produce
  • Dairy Products
  • Food Grains
  • Confectionary & Bakery
  • Other Foods
  • Beverages
  • Alcoholic
  • Non-alcoholic
  • Electrical & Electronics
  • Industrial
  • Consumer
  • Healthcare
  • Automotive & Allied Industries
  • E-commerce
  • Chemicals & Fertilizers
  • Building & Construction
  • Others

By Region:

  • North America
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Western Europe
  • Eastern Europe
  • Central Asia
  • Russia & Belarus
  • Balkan & Baltic Countries
  • Middle East & Africa

About Future Market Insights Inc. (FMI)

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

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Electric Vehicle Motor Market to surpass US$ 18.09 Billion by the year 2032

The global electric vehicle motor market is worth US$ 8.68 Billion as of now and expected to reach US$ 18.09 Billion by the year 2032 at a CAGR of 8.5% between 2022 and 2032.

Electric vehicles are being increasingly asked for due to strict government regulations regarding carbon emissions. As per the European Climate Foundation, employment, with the expansion of electric vehicles, would cross 850K by the year 2030. Thus, increasingly adopting high-performance motors in the electric vehicles is bound to take the electric vehicle motor market to a new ‘High’ in the forecast period.

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At the same time, high maintenance costs coupled with higher initial costs on the part of electric motor are bound to restrain the market going forward.

Though there are complexities involved, the electric vehicles are helpful in the long run. As renewable energy resources are depleting, electric vehicles are a good alternative. Electric vehicle motor market is an ancillary market to electric vehicles market. With exorbitant demand for electric vehicles, the electric vehicle motor market is expected to grow on an unstoppable note in the years to come. Future Market Insights has etched these findings with future perspectives in its latest market study entitled “Electric Vehicle Motor Market”.

Key Takeaways from Electric Vehicle Motor Market

  • North America holds the largest market share with the US alone contributing for more than 90%. This data, however, pertains to the year 2021. It could lose 162 BPS points by the year 2032, which would take its share to 89.7%.
  • Europe is expected to witness a CAGR of 20.1% in electric vehicle motor market in the forecast period with Germany expected to witness growth 6 times in 2032 to the year 2022. Luxury electric vehicles are expected to rule the roost.
  • Coming to the Asia-Pacific, China is expected to create a lucrative opportunity worth US$ 86.5 Bn between 2022 and 2032. The government has also started giving subsidies to facilitate the proliferation of electric vehicles.
  • AC motors holds the largest market share and the status quo will continue even in the forecast period due to stronger grip provided on the bumpy routes.

“With environmentally-friendliness being the top priority, the electric vehicle motor market is bound to grow at an astounding rate in the forecast period”, says an analyst at Future Market Insights.

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Competitive Motors

  • Mabuchi Motors, in June 2021, declared finishing 100% acquisition of Electromag SA for CHF 0.1 Mn or US$ 0.11 Mn.
  • Wolong Electric, in March 2020, did acquire small industrial motors’ business of GE for US$ 160 Mn with the objective of helping it to obtain a significant position in the market.
  • Nidec Corporation, in February 2020, tabled 2 novel traction motor systems; viz 50 kW Ni50Ex and 200 kW Ni200Ex based on original 150 kW E-Axle (100% integrated traction motor system encompassed with a reduction gearbox, an electric motor, and an inverter).
  • WEG, in October 2019, installed LV electric motor plant in Hosur (India). This new-fangled 13K square meter facility holds the capability of manufacturing 250K electric motors/year.
  • Allied Motion Technologies, in May 2019, came up with EnduraMax 75i Series, brushless DC motor comprising an all-digital integrated drive. The application areas include AGV vehicle traction/steering, rotary/linear actuators, medical patient-handling equipment, mobile HVAC blowers, pumps, and material handling systems.
  • ABB, in March 2019, floored stainless steel motors to address food and beverage plants. This motor is capable of forbearing high pressure spray with complete compatibility with the high standards.
  • TECO Westinghouse (Canada), in January 2018, announced entering into new distribution partnership with Westech Industrial for gaining access to uncharted and new markets all over Canada.

What does the Report Cover?

  • Future Market Insights offers an exclusive perspective and various real-time insights on the electric vehicle motor market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
  • The research study is based on product type (AC and DC), by power (up to 100 kW, 101-200 kW, and above 200 kW), and by EV type (HEV, BEV, and PHEV).

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Key Segments Covered in Electric vehicle motor Industry Analysis

By Product Type:

  • AC
  • DC

By Power:

  • Up to 100kW
  • 101-200kW
  • Above 200kW

By EV Type:

  • BEV
  • HEV
  • PHEV

By Region:

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

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.

Explore FMI’s Comprehensive Coverage of the Automotive Landscape

Hydrogen Trucks Market:
https://www.futuremarketinsights.com/reports/hydrogen-trucks-market

Electric Three Wheeler Market:
https://www.futuremarketinsights.com/reports/electric-three-wheeler-market

Green Tire Market:
https://www.futuremarketinsights.com/reports/green-tires-market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Electric Vehicle Battery Housing Market to be worth US$ 24,219.1 Million by 2033

According to ESOMAR-certified Future Market Insights’ (FMI) – Over the forecast period, the global electric vehicle battery housing market is expected to grow at a rapid CAGR of 31.8%. The market is expected to reach US$ 1,531.1 Million in 2023. The market is anticipated to reach US$ 24,219.1 Million by 2033.

Consumer acceptance of electric car battery housing is increasing, resulting in market expansion. The unexpected increase in demand would stimulate an expansion of capabilities across the whole value chain. The government’s tough pollution laws coupled with individuals’ growing environmental concerns are expected to drive up demand for battery housing for electric vehicles.

Owing to the growing market demand for electric cars, manufacturers are concentrating more on developing EV safety features. As the next step in the evolution of electric vehicles, they are also creating battery housing to strengthen EVs and boost range.

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Concerns about climate change and the looming depletion of fossil fuels have pushed efforts to develop better electric vehicle designs. Battery casings for electric cars perform worse than conventional battery enclosures. Additionally, it is more eco-friendly. Non-metallic components provide strong mechanical properties, such as high rigidity and strength while being lightweight. When compared to metallic materials such as aluminum or steel, an electric car battery housing made of non-metallic components can save up to 40% weight.

There are distinct benefits to adopting an electric vehicle battery housing. To craft the mobility of the future even more capable, electric vehicle makers are rapidly adopting battery housings, which is growing sales of the electric vehicle battery housing.

Europe is leading the global electric vehicle battery housing market as a result of growing government support for the EV market, despite the fact that electric vehicles are currently expensive. Furthermore, the significant concentration of OEMs in the region encouraged market development.

KEY TAKEAWAYS

  • The UK electric vehicle battery housing market is estimated to grow at a CAGR of 28% over the forecast period.
  • The German electric car battery housing market is expected to hold 11.2% of the global market over the forecast period
  • During the projection period, the Chinese electric vehicle battery housing market is expected to expand at a CAGR of 26.4% through 2032.
  • Japan is expected to hold 1.1% of the global market over the forecast period.
  • The Indian electric vehicle battery housing market is expected to have the highest global market share, growing at a CAGR of 42.2%.
  • Over the projected period, the US electric vehicle battery housing market is expected to hold 9.3% of the global market.

 

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COMPETITIVE LANDSCAPE

 

Key players operating in the electric vehicle battery housing market are SGL Carbon, Novelis Inc., Nemak S.A.B. de C.V, Constellium SE, Gestamp Automocion, UACJ Corporation, GF Linamar LLC, Hanwha Advanced Materials, Minth, Continental Structural Plastics, Thyssenkrupp AG, TRB Lightweight, Hitachi Metals Ltd., POSCO, Norsk Hydro ASA and other major players.

 

These companies have used a variety of techniques to improve their market share for electric vehicle battery housing. To widen their client base and increase revenue, they have used both organic and inorganic growth techniques, such as new product launches, acquisitions, corporate expansions, and collaborations.

 

RECENT DEVELOPMENT

 

In October 2021, Novelis Inc. revealed the introduction of Generation II of its lightweight electric vehicle (EV) battery enclosure solution for the rapidly growing EV sector.

In January 2020, Nemak disclosed that it will provide battery housings for the Ford Mustang Mach-E, which will be produced in North America.

Key Segmentation of the Electric Vehicle Battery Housing Market

By Material:

  • Metallic
  • Non-metallic

By Application:

  • Passenger Vehicle
  • Commercial Vehicle

By Cell Format Type:

  • Pouch Cell
  • Cylindrical Cell
  • Prismatic Cell

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & ASEAN
  • Oceania

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Rising Demand in Electrical Insulation Drives Self-Fusing Silicone Tapes Market to USD 1,106 Million by 2032

Self-Fusing Silicone Tapes Market
Self-Fusing Silicone Tapes Market

The market for self-fusing silicone tapes is anticipated to reach USD 1,106 million by 2032 at a CAGR of 4.2% from USD 736 million in 2022 according to Future Market Insights.

This growth is primarily driven by increasing applications across various industries such as electrical, automotive, aerospace, and marine sectors. Self-fusing silicone tapes are gaining popularity due to their excellent electrical insulation properties, high thermal stability, and resistance to moisture, chemicals, and UV light. These tapes are particularly valued in electrical applications for insulation and protection of wires and cables, in automotive sectors for hose repairs and emergency fixes, and in aerospace for their durability and high-performance characteristics.

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The surge in demand for sustainable and durable materials is another significant factor propelling the market. As industries strive for better performance and longer-lasting solutions, self-fusing silicone tapes are becoming the preferred choice. Additionally, technological advancements and continuous product innovations are expected to enhance the performance features of these tapes, further boosting their adoption. The market is also witnessing a rise in awareness about the benefits of self-fusing silicone tapes, contributing to their growing utilization in new and existing applications. With a steady increase in industrial activities and infrastructural developments globally, the self-fusing silicone tapes market is set for robust growth over the forecast period.

Self-Fusing Silicone Tapes Market By Category

By Thickness :

  • Up to 0.25mm
  • 0.26mm to 0.50mm
  • 0.51mm to 0.75mm
  • Above 0.75mm

By Product Type :

  • Rectangular Tapes
  • Triangular Tapes
  • Sinusoidal Rectangular Tapes

By End Use :

  • Electrical & Electronics
  • Plumbing
  • Automotive
  • Industrial
  • Aerospace
  • Home & Garden
  • Others

By Region :

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

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About Future Market Insights Inc. (FMI)

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

Contact Us:      

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