Market Research Blog – Page 3019 – New Product Development

Tech-Driven Applications & Infrastructure Boom: Acrylic Paints Market to Grow at 4.5% CAGR by 2032

The global acrylic paints market is anticipated to surge at a healthy CAGR of around 4.5% throughout the forecast period from 2022 to 2032. The growth in the global acrylic paints market is attributed to the development of high-performance acrylic paint bonding for manufacturers to emerge as winners in the market.

Furthermore, advances in technology-driven end-use applications of acrylic paints are some of the crucial factors responsible for market expansion. In addition to that, the surging expansion of infrastructure also plays a pivotal role in fueling the growth of the acrylic paints market as factors such as water resistance and superior finish boost its popularity.

Acrylic paint set out to be one of the crucial mediums for elementary use which is gained a diverse range of applications & preferences in recent times with diversified products. Acrylic paint is known to be treated as a type of medium that is suitable for kindergarten classrooms only over the past few decades.

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Although with the advancements in pigmentation, consistency, and finishes, many artists including David Hockey, Helen Frankenthaler, and Mark Rothko among others, are preferring acrylic paints as an ideal choice for acrylic art. This changing preference has been expected to bolster the prominence of acrylic paints among artists over the years.

In addition, the excellent properties of acrylic paint are broadening their adoption among artists, globally. Acrylic paints are considered low-maintenance mediums that do not require any sort of custom supplies such as conventional oil paints. Moreover, they offer the benefits of enhanced consistency and texture.

The versatile nature of acrylic paints is making them an ideal medium that allows artists to do acrylic painting on canvas. Artists are known as the key consumers of acrylic paints. Companies focused on stationery products are increasing their investments in acrylic paint, further creating lucrative prospects for manufacturers. Hence, the increasing adoption of acrylic paint as a professional medium of painting will continue to drive market growth in the coming years.

Key Takeaways

The high reliance of artists on acrylic paints in order to get consistency and finish in their portraits is considered one of the primal revenue channels for the market. In addition to that, significant players are leveraging market intelligence such as consumer trends and region-wise analysis to devise research and development efforts.
Originating from the popularity of water-based acrylic binders in house paints and artisanal professionals, the global acrylic paint market will continue to make material progress over the decade ahead. Known for their durability, flexibility, and affordability, the acrylic paints market has established itself as a sizeable market over the years.
Some of the key factors fueling the global acrylic paints market growth comprise tech-driven advancements in acrylic paints. Furthermore, an increasing number of compatible media is expanding the application scope of acrylic paints.
The surge in infrastructure development is considered one of the major factors for the growth of the acrylic paints market. Factors such as water resistance, superior finish, and consistent drying time are propelling their adoption in construction projects.
Consumer demand for high-performance exterior paint, sun reflective and water resistant come with improved finished quality is making acrylic paints the preferred choice for exterior surfaces.
Acrylic paints cannot get deteriorated under excessive sunlight and offer enhanced adhesion and thermoplastic properties. Hence, real estate companies are selecting acrylic paints to differentiate themselves in the competitive real estate market. As a result, construction contractors will continue to buy more acrylic paint products thereby expanding the acrylic paints market.

Competitive Landscape

Dominant players in the acrylic paints market are concentrating on enhancing their product portfolios for manufacturing the best acrylic paint and complementing features such as colors, finish, adhesion, consistency, and resistance to water and sunlight.

Key players are leveraging industrial automation to expand their production capacity and global footprint. Since residential infrastructure is a high-growth area in developing countries, market players are capitalizing on research efforts toward evolving consumer trends in color preference and desired finishes.

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Top Key Players in the Acrylic Paints Market

Azkonobe
Asian Paints India
BASF SE
Berger Paints India
Berkshire Hathaway

More Insights into the Acrylic Paints Market

North America is anticipated to dominate the global acrylic paints market since it has been the most remunerative region for market players, owing to the surging adoption of acrylic paints in construction activities. However, with the saturation of opportunities in infrastructure development projects, the North American acrylic paints market is poised to attain a mature market over the assessment period.

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:

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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Freeze-Dried Food Market is Projected to Reach at a US$ 54.8 Billion by 2032 | FMI

The global freeze-dried food market is set to witness growth at a CAGR of 6.8% over the forecast period, reaching a valuation of US$ 54.8 Bn by 2032.

Increasing awareness about various health benefits of nutritional, natural, and low carb diet is fuelling the demand for freeze-dried fruits and vegetables. One of the key factors driving the market is prolonged shelf-life of freeze-dried fruits without any synthetic ingredient or preservatives.

Regular consumption of freeze-dried fruits can help in reducing the risk of cardiovascular diseases, liver and colon cancer, and other ailments. With rising health concerns among consumers, freeze-dried fruits manufacturers are launching innovative products to benefit from the ongoing trend.

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Freeze-dried food is prone to contamination by toxigenic fungi and bacteria as they contain various parts of aromatic and medicinal plants such as flowers, seeds, stems, leaves, and roots which can degrade over time.

These foods are produced with powdered amalgams of various herbal plants which might produce toxins. This is increasing the chances of certain risk factors involved with the consumption of freeze-dried fruits, which might restrict sales in the market to an extent.

Freeze-dried food manufacturers are becoming more conscious during the process cycles of freeze-dried fruits and are focusing on a thorough examination of herbal and aromatic plants to reduce the chances of contamination.

“Increasing sales of functional foods and dietary supplements in driving the adoption of freeze dried fruits and vegetables in the nutraceuticals sector. In addition to this, manufacturers are striving to achieve optimal processing methods to reduce the chances of contamination within these products, which is expected to steer the growth in the market,” says an FMI analyst.

Key Takeaways:

Sales in the North America freeze dried food market are expected to account for 25% of the total market share in 2022.
East Asia will emerge as a lucrative pocket owing to expansion of the food and beverage sector in countries such as China, India, and Japan.
Based on product type, freeze-dried fruits segment is expected to account for a dominant share of the global market in 2022.
In case of end use segment, sales in the food and beverage sector are forecast to remain high through 2032.
By sales channel, the B2B segment will emerge as a lucrative segment over the assessment period.

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Competitive Landscape

Nestle S.A., Kerry Group Plc, European Freeze Dry, OFD foods LLC, Molda AG, and others are some of the leading freeze dried food market players profiled by FMI.

Manufacturers operating in the global freeze dried food market are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to identify the interest of potential buyers and to improve sales. For instance:

In 2020, Nestle introduced a simple solution known as “nesQino”. This aids the consumers to personalize their choices of healthy superfood and beverage made from 100% natural ingredients.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global freeze-dried food market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Global Freeze- Dried Food Market By Category

By Product Type:

Fruits
- Strawberry
- Raspberry
- Pineapple
- Apple
- Mango
- Other Fruits
Vegetables
- Carrot
- Potato
- Corn
- Pea
- Mushroom
- Other Vegetables
Freeze-Dried Dairy Products
Freeze-Dried Meat and Seafood
Freeze-Dried Pet Food
Prepared Meal

By Nature:

Organic
Conventional

By Form:

Powdered
Granules
Diced

By End Use:

Food & Beverages Products
- Breakfast Cereals
- Dairy Products
- Bakery & Confectionery
- Nutritional Bars & Supplements
- Powdered Beverages
- Snacks
Retail (household)

By Distribution Channel:

B2B
B2C
- Hypermarkets/Supermarkets
- Convenience Store
- Specialty Store
- Food & Drinks Specialty Store
- Independent Small Grocery Store
- Online Retail

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 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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Acai Berry Market Expected to Grow 8.5% by 2034 | Future Market Insights, Inc.

The acai berry market is expected to reach a value of US$ 1.89 billion in 2024 and US$ 4.27 billion by 2034. The market is projected to expand at a CAGR of 8.5% through 2034. The industry is growing due to health consciousness, product diversification, global foods trends, e Commerce accessibility, and effective marketing strategies.

The demand for acai berries is anticipated to blossom over the next decade due to consumers’ growing knowledge of the possible health advantages of the fruit. Acai berries’ strong antioxidant content and increasing public knowledge of their health benefits have led to a boom in the market for pharmaceutical and nutritional supplements. The use of acai in various cosmetics items, including face wash, moisturizers, lip balms, and others, contributes to the market’s diversification.

Furthermore, acai berries are being utilized by the food sector to create healthy snacks and sweets, which is anticipated to increase the demand for acai berries soon. The production and consumption of acai berries have significantly increased due to this trend, propelling the market’s expansion.

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Due to the several health advantages of acai berries and the rising popularity of various food and beverage items, the market is expected to develop steadily in the forthcoming decade.

“The market for acai berries is anticipated to expand gradually due to the growing awareness of the health benefits associated with them. The use of acai berries in various food and beverage items is becoming popular among health-conscious customers. This leads to increased demand for acai-based supplements, juices, smoothies, and health-conscious snacks and sweets,” –Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Takeaways from the Acai Berry Market

The United States acai berry industry is projected to experience a CAGR of 6.2% through 2034.
The demand for acai berries in Germany is expected to rise at a CAGR of 6.8% through 2034.
The Chinese acai berry market is anticipated to witness a CAGR of 9.5% through 2034.
The United Kingdom’s market for acai berries showcases a CAGR of 5.9% through 2034.
The Indian acai berry market is expected to grow at a CAGR of 10.3% through 2034.

Competitive Landscape of the Acai Berry Market

Acai berry extracts are added to supplements by nutraceutical businesses, which expands and diversifies the market. Global market access, quality standards, and sustainable practices are advocated by market participants such as wholesalers and farmers.

Consumer education and awareness efforts on acai berries’ health advantages help boost the acceptability of by-products and the market demand. The market players use various tactics, such as innovative product launches, imaginative marketing campaigns, and smart partnerships, to bolster their branding. Success in this context mostly depends on the caliber of the products and the companies’ ability to engage and resonate with the target audience effectively.

Firms that can negotiate and follow new regulations are expected to have a competitive advantage. The regulatory framework is more than just a barrier; it influences the competitiveness of the acai berry industry.

Key Companies in the Acai Berry Market

Sambazon, Inc
Acai Roots, inc.
Acai Frooty
Nativo Acai
Acai Exotic LLC
Jamba Juice Inc
Sunfood
Phyto Nutraceutical’s
Naked Juice Company
The Coca-Cola Company

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Key Segments

By Form:

Pulp
Dried

By Application:

Food and Beverage
Nutraceuticals
Cosmetics and Personal Care
Others

By Region:

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

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About Future Market Insights (FMI)

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

Contact FMI:

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

Unlocking Investment Opportunities: India’s Booming Alcohol Industry and Future Growth Prospects

India’s alcohol industry size is estimated to reach US$ 55,840.0 million in 2024. Sales of alcoholic beverages in the nation will likely rise at 7.2% CAGR throughout the assessment period, totaling US$ 112,338.9 million by 2034.

Demand for spirits like vodka, whisky, and rum in India remains exceptionally high. As per the latest alcohol industry analysis, the spirits segment is anticipated to total a staggering valuation of US$ 50,552.1 million by 2034.

India’s alcohol industry is heavily influenced by changing demographics and lifestyles. With a growing young population and increasing urbanization, there is a rising demand for alcoholic beverages, particularly among the younger demographic who view alcohol consumption as a part of socializing and entertainment.

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The market is driven by factors such as changing lifestyles, urbanization, and a growing middle class. With a population of over 1.3 billion, India offers a vast consumer base for alcoholic beverages. The consumption patterns vary across regions and demographics, with a shift towards premium and craft spirits, wine, and craft beer. Especially among urban millennials and the emerging middle class.

Health-conscious consumers are opting for healthier alternatives like low-alcohol and non-alcoholic beverages, leading to the emergence of new product categories. The advent of e-commerce and digital platforms has transformed alcohol purchasing, with online liquor delivery services gaining popularity. However, challenges such as high taxation rates, regulatory complexities, counterfeit products, and social stigmas persist.

The future of the Indian alcohol market looks promising, driven by urbanization, increasing disposable incomes, and a young population. The changing demographics, including a growing urban population and favorable age demographics, further contribute to the market’s growth potential.

The rise in per capita disposable income is expected to boost consumer spending on lifestyle products and alcohol. The evolving Indian lifestyle, including changing attitudes toward alcohol consumption, increases alcohol consumption among women. Moreover, an increase in the popularity of the pub and cocktail culture fuels the demand for alcoholic beverages in the country.

IMFL, or Indian Made Foreign Liquor, holds a significant position in the India alcohol market, accounting for 40.3% of total alcohol consumption.
Whisky is the dominant category within IMFL, enjoying a strong consumer base nationwide.
Imported liquor holds a notable share of 33.4% in the market, driven by the demand for international flavors and premium offerings.
In terms of consumption, men play a significant role, representing a commanding share of 63.2% in 2024.

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The growing popularity of imported spirits indicates a flourishing segment within the Indian alcohol market. This trend is expected to continue as consumers become more discerning and open to exploring different tastes and brands. Presenting opportunities for international companies to establish a stronger presence in India.

Men in India show preferences for various alcoholic beverages such as whisky, rum, vodka, and beer. Whisky, in particular, has a large following among male consumers, associated with masculinity and social status. Alcohol consumption also plays a role in male-centric social and professional networking. As it is viewed as a way to build relationships and establish camaraderie in business and professional settings.

Competitive Landscape

The manufacturer’s increased launch of new items is likely to provide enormous growth potential during the projection period. Gordon, a London-based brand of dry gin released a low-alcohol pale ale in June 2018. The new Ultra-Low Alcohol Gin and Tonic Flavored Drinks have a 0.5% ABV and 68 calories, compared to 219 kcal in a standard gin and tonic.

Smirnoff, a leading vodka brand offered a new line of fruit-flavored vodka in April 2019 with around half the alcohol concentration of a Red Label. The new ‘Smirnoff Infusions’ line comprises vodka flavored with orange, grapefruit, and bitters. It also includes raspberry, rhubarb, and vanilla.

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Recent Developments in India’s Alcohol Industry

In 2023, Coca-Cola entered the Indian alcoholic beverages sector with the launch of Lemon-Duo, a globally acclaimed ready-to-drink concoction.
In 2022, Tilaknagar Industries acquired a19.5% stake in Pune-based startup Incredible Spirits. This acquisition will help the company strengthen its position in the fast-growing alcoholic ready-to-drink (RTD) industry.
In 2019, Radico Khaitan, an Indian spirits company, collaborated with Japan’s Asahi Group to launch and distribute Asahi Super Dry beer in India.

Key Companies in India’s Alcohol Industry

Heineken N.V.
Carlsberg A/S
United Breweries Holdings Limited
Devans Modern Breweries Ltd.
Diageo PLC
Carlsberg India Pvt. Ltd.
Anheuser-Busch InBev.
B9 Beverages Pvt. Ltd.
Crown India Alcohols India Limited (AB InBev)
Radico Khaitan Ltd.
Beijing Enterprises Holdings Limited
Dogfish Head Craft Brewery, Inc.
Squatters Pubs and Craft India Alcohols
Sierra Nevada Brewing Co.
The Boston India Alcohol Company, Inc.

Key Segments Covered in the India Alcohol Industry Report

By Product Type:

Beer
- Lager
- Specialty Beer
- Craft Beer
- Low-alcoholic Beer
Spirits
- Whisky
- Rum
- Vodka
- Gin
- Brandy
- Tequila
Wine
Red Wine
Rose Wine
White Wine

By Distribution Channel:

Food Service Industry
- Restaurants
- Hotels
- Bars, Pubs, & Clubs
Retail
- Liquor Stores
- Specialty Retailing
- Government-run Retail Outlets/ State Excise Department
- Online Retailers

By Flavor:

Natural/Un-flavoured
Flavoured
- Citrus
- Ginger
- Apple
- Vanilla
- Berry
- Others

By Price Range:

Economy
Premium
Super Premium

By Packaging Type:

Cans
Bottles
Tetra Pak
Others (Pouches, Miniature)

By Region:

North India
South India
East India
West India
Northeast India

Key Coverage in the Indian Alcohol Industry Report

Information About Top Indian Alcohol Brands
Factors Making Alcohol Common in India
India’s Changing Alcohol Industry
Drivers Expanding India Spirits Market
Government’s Role Behind the Flourishing Beer and Wine Market in India
Analysis of Rising Export of India-made Spirits and Sales Impact
India’s Potential to Become a Global Leader in Alcoholic Beverages

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 FMI:

Exploring Opportunities in the Thriving Global Gin Market: Unlocking Potential Amidst Rising Festivals Demand

The global gin market is anticipated to reach a valuation of US$ 22,927.4 million in 2023, driven by various gin festivals. This trend is expected to create new opportunities for the global market, leading to a projected CAGR of 3.5% between 2023 and 2033. It is estimated to gain a valuation of approximately US$ 31,996.0 million by 2033.

The surge in disposable income per capita in emerging countries has created new opportunities for the global gin business. The gin market is now thriving in emerging nations where market expansion has been hampered by high costs of production and a lack of product acceptance.

Globalization has made millennials as well as younger generations more familiar with the mostly European alcoholic beverage. Gin’s appeal among younger generations is driving growth in yet-to-be discovered regions throughout the world. In addition to local beers and liquor, younger generations have developed a taste for a variety of alcoholic beverages as a result of increased social acceptance and availability. During the projection period, this is likely to drive gin demand.

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“Consumer trend towards gin premiumization, gin festivals and craft gin movement to bolster the global gin demand over the next few years,”- Nandini Roy Choudhury, Client Partner at Future Market Insights

Key Market Trends and Highlights

Gin tourism: Consumers may immerse themselves in the gin culture through distillery tours and other tourism-related activities. Both sales and brand loyalty are increased by this tendency.
Concern on sustainability: Gin makers are progressively implementing sustainable methods, from ethical botanical procurement to environmentally friendly packaging.
Low-alcohol options: The development of alcohol-free as well as low-alcohol gin substitutes satisfies the needs of health-conscious drinkers looking for a lighter choice, opening up the gin industry to new populations.

Key Takeaways from the Market Study

The gin market increased at a CAGR of 2.3% from 2018 to 2022.
The United States is expected to take over 24.6% of the gin market in 2023.
China is expected to control 11.8% of the global gin market by 2023.
By the end of 2023, Japan’s gin market will account for 6.3% of the worldwide market.
The gin market in France is expected to grow by 7.2% by 2023.
The gin market in the United Kingdom is predicted to grow to 5.5% by 2023.
London dry gins are predicted to account for more than 40% of the worldwide gin industry by 2023.
The online retail channels category is expected to account for 36.8% of the worldwide market in 2023.

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Competitive Landscape

The global gin market is particularly competitive because of the quantity of regional and multinational enterprises. Every company adheres to its business strategy in order to capture the largest possible market share.

The main corporations continue to focus on product innovation to capture consumer interest with the release of premium gins. These companies are increasing their financial investments in research and development, social media marketing, and international growth in order to maintain their market position.

Product Portfolio:

Bacardi Limited is best known as the producer of the gin brand “Bombay Sapphire.” It is a high-end London Dry Gin. Bombay Sapphire is known for its botanical diversity as well as its striking blue bottle.
Diageo is well-known for products like as “Tanqueray,” a traditional London Dry Gin beloved for its well-balanced taste profile. Diageo also holds “Gordon’s,” one of the the global best-selling gin brands, which is available in both basic and flavored varieties.
Davide Campari-Milano N.V. is the parent business of the “Campari Group,” which owns numerous well-known liquor brands. “Beefeater,” a London Dry Gin recognized for its juniper-forward taste and typical gin features, is one noteworthy gin brand by this company.

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More Valuable Insights Available

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

To understand opportunities in the gin market, the market is segmented on the basis of product type (london dry gin, plymouth gin, genever/dutch gin, old tim gin, new american gin), price (standard, premium, luxury), distribution channel (hypermarkets and supermarkets, specialty stores, drug stores, online channel, others) and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & 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:

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

Unsupported Single Coated Tape Market is Expected to Reach at a US$ 10.9 Billion by 2033 | FMI

In 2023, the projected revenue for the global Unsupported Single Coated Tape Market stands at US$ 7.1 billion. Suppliers in the unsupported single coated tape industry are anticipated to experience a steady Compound Annual Growth Rate (CAGR) of 3.5% throughout the next decade, leading to an expected valuation of US$ 10.9 billion by 2033.

A crucial asset for contractors in the construction and building industry, unsupported single-coated tape is widely utilized due to its versatility, cost-efficiency, and convenient application. Projections indicate that the building and construction sector is expected to command a substantial 31.1% share of the global market for this indispensable product.

The introduction of these adhesive tape-related regulations poses a challenge to the prospects of unsupported single coated tape in the region. To ensure a robust future, adhesive tape organizations must adapt and align their business models with these evolving legal requirements. Companies, both large and small, that proactively integrate regulatory compliance into their product development, procurement, and sustainable practices are expected to thrive in the unsupported single coated tape industry. By prioritizing compliance and sustainability, these businesses can not only navigate legal challenges but also tap into a growing market demand for adhesive tapes that meet evolving standards, ensuring long-term success in the sector.

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North America is set to generate the largest unsupported single coated tape market share in the upcoming years. The presence of a well-developed healthcare infrastructure in developed countries, such as Canada and the U.S. is estimated to augur well for the market.

The increasing usage of adhesive tape bandages in moist skin, as well as at-risk or fragile skin environments is a crucial factor that is expected to drive the market. The ability of these tapes to enable the outside air to reach and penetrate the underlying skin or dressing and creating a breathable solution is also likely to aid the growth in North America.

Key Unsupported Single Coated Tape Market Takeaways and Projections

The U.S. is expected to lead the North america unsupported single coated tape market, projecting the fastest growth in the region between 2022 and 2032.
Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.

Competitive Landscape Analysis

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

It also provides a list of leading players and recent development in the global unsupported single coated tape market. Some of the prominent market players are

Arkema (Bostik),
3M,
Nitto Denko,
Scapa,
Avery Dennison,
Syntac Coated Products,
Intertape Polymer,
Adhesives Research,
Berry Plastics,
Cantech,
American Biltrite,
Shurtape Technologies,
Essentra,
Adhesive Applications,
Mactac,
Main Tape,
tesa SE,
DYNAREX,
DeWAL Industries,
Medline Medical,
Lamart Corp.,
McKesson,
Johnson & Johnson,
Cardinal Health,
Worthen Industries,
Coroplast Tape Corporation,
CCT Tapes.

Key Trends Spotted in the Unsupported Single Coated Tape Market

Technological Advancements: Continuous innovation in tape technology is enabling the development of tapes with superior adhesion, durability, and performance characteristics. These advancements are enhancing the utility of unsupported single coated tapes in various industries.
Eco-Friendly Solutions: Growing environmental awareness is driving the demand for eco-friendly tape options. Manufacturers are exploring sustainable materials and adhesive solutions, responding to the market’s increasing emphasis on eco-conscious products.
Customization and Specialization: There is a rising need for specialized tapes tailored to specific applications, such as automotive, aerospace, and medical industries. Customized solutions are gaining traction as they offer precise and effective solutions to industry-specific challenges.

Key Segments Profiled in the Unsupported Single Coated Tape Industry Survey

By Product Type:

Ordinary Tape
Specialty Pressure Sensitive Tape

By Application:

Aerospace
Medical
Retail/Graphics
Building/Construction
Paper/Printing
Hygiene
White Goods
Automotive

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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Nandini Singh Sawlani

Label Printers Market is Likely to Top a Valuation of US$ 752.6 Million by 2033 | FMI

The global label printer market is poised for steady growth, with a projected market size of US$ 752.6 million by 2033. This represents a CAGR of 3.9% from a projected value of US$ 513.3 million in 2023.

Convenience Fuels Demand

The increasing demand for user-friendly and convenient label printing solutions is a key driver of the market. Desktop and mobile/portable printers are expected to dominate the market, accounting for an estimated 74% share by the end of the forecast period. This trend highlights the growing need for on-demand and flexible printing solutions across various industries.

Diverse Applications Propel Growth

The rising use of labels in manufacturing, retail, logistics, and other sectors is fueling the demand for label printers. Stringent government regulations for packaging and labeling further contribute to market growth. Additionally, the growing popularity of portable printing equipment provides added impetus.

RFID Integration: A Game Changer

Radio Frequency Identification (RFID) technology is emerging as a major factor propelling label printer demand. By integrating RFID tags with labels, businesses across manufacturing and retail can benefit from enhanced product tracking, streamlined logistics, and improved security for asset management and quality control.

For instance, RFID tags automate checkout processes in retail by automatically reading product information at payment counters. This not only saves time but also increases efficiency. Similarly, RFID labels are playing a crucial role in contactless payments and delivery management, a trend amplified by the recent pandemic.

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Market Innovation:

Innovation in the Label Printers Market is marked by advancements in technology, catering to the evolving needs of industries. The introduction of smart label printers equipped with RFID technology and connectivity features has revolutionized data management and tracking capabilities. Additionally, advancements in print head technology have enhanced the precision and speed of label printing, contributing to increased efficiency in manufacturing and logistics operations. Mobile and portable label printers have gained prominence, providing on-the-go printing solutions for increased flexibility.

Moreover, the integration of user-friendly interfaces and touchscreens in label printers facilitates easy customization and operation. Sustainable printing practices, including the use of eco-friendly inks and materials, align with the growing environmental consciousness, shaping the market towards more sustainable solutions. These innovations not only address current market demands but also position label printers as integral components in the era of Industry 4.0 and smart manufacturing.

United States: A Leading Market

The United States is expected to hold a dominant 82% share of the North American label printer market by 2033. This dominance is attributed to the burgeoning manufacturing sector in the US, which accounts for a significant portion of the GDP. As the demand for flexible printed packaging solutions grows across various industries in the US, the requirement for label printers is expected to rise correspondingly. Additionally, the increasing popularity of mobile and portable label printers is anticipated to further fuel market expansion in the coming decade.

The Future of Label Printing

The global label printer market presents a promising outlook, driven by the need for convenient printing solutions, diverse industry applications, and the integration of innovative technologies like RFID. With a focus on user-friendliness and evolving industry needs, the label printer market is well-positioned for continued growth in the years to come.

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Business Trends:

Digital Printing Dominance: The label printers market is witnessing a shift towards digital printing technologies, offering enhanced flexibility, shorter production cycles, and cost-effective solutions.
RFID Integration: The integration of Radio-Frequency Identification (RFID) technology in label printers enables advanced tracking and traceability, catering to the increasing demand for supply chain transparency.
Smart Labels and IoT: The incorporation of Internet of Things (IoT) technologies in label printing facilitates real-time data tracking, enabling businesses to monitor product conditions and enhance overall supply chain management.
Augmented Reality (AR) Labels: The use of augmented reality in labels is an emerging trend, providing an interactive and engaging experience for consumers, while also offering additional information about the product.
Adoption of Cloud-Based Solutions: Cloud-based label printing solutions are gaining popularity, allowing businesses to centralize label management, ensure consistency across multiple locations, and facilitate seamless updates and modifications.

Key Companies Profiled:

SATO Agrox India Pvt. Ltd.
Zebra Technologies Co.
Canon Fintech Nisca
Brother Industries Ltd.
Agrox Information Co. Ltd.
TSC Printronix Auto ID
Bixolon Co. ltd.
iDPRT ( XIAMEN HANIN ELECTRONIC TECHNOLOGY CO., LTD.)
NeuraLabel
Maxusa Crop.
Oki Europe Ltd.
Aimotech Co.
Epson Canada Ltd.
Swiftcolor Co.
Primera Technology, Inc.
Seiko Instruments GmbH
Isys label
Toshiba America Business Solutions, Inc.
VIPColor Technologies Pt Ltd.
Afinia Label

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Market Segmentation:

Based on product type:

Desktop
Industrial
Mobile

Based on technology:

Thermal Transfer
Impact
Direct Thermal
Laser
Ink-Jet

Based on connectivity:

Wired
Wireless

Based on application:

Manufacturing
Logistics
Retail
Healthcare
Government
Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 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.
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MEA Safety Eyewear Market: Sharper Vision, Sharper Profits – Poised for 11.3% CAGR by 2033

In today’s world, protecting your workforce is paramount. That’s where the booming Middle East & Africa (MEA) safety eyewear market, projected to reach a staggering US$453.07 million by 2033, comes into focus. As a decision-maker, here’s why you should see the difference safety eyewear can make:

Prioritize Safety, Prioritize Success: The MEA region is experiencing rapid development, and with it comes a growing focus on workplace safety. By investing in safety eyewear, you demonstrate your commitment to worker well-being and create a safer working environment, ultimately leading to a more productive and successful business.
A Collaborative Approach to Vision Health: The MEA market is witnessing a unique trend – collaboration between institutions to combat vision problems. This collaborative spirit fosters the development of innovative safety eyewear solutions tailored to the region’s specific needs. Partner with these initiatives to gain a competitive edge.

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Overcoming Barriers, Empowering Workers: Lack of access to proper eye care and safety equipment is a challenge in some areas. Collaborative efforts aim to overcome these barriers and ensure all workers have access to the protective eyewear they deserve. Be a part of the solution and contribute to a healthier, empowered workforce.
Regulation & Awareness: A Perfect Storm for Growth: Stringent workplace safety regulations and a heightened awareness of occupational hazards are driving the demand for safety eyewear across diverse sectors. By providing compliant and effective eye protection solutions, you cater to this growing need.
Beyond Urban Centers: Addressing Rural Challenges: Safety concerns extend beyond urban areas. Dust, debris, and harmful UV radiation pose significant threats to vision in rural areas. Offer safety eyewear designed for these specific challenges and demonstrate your commitment to comprehensive worker protection.

The MEA safety eyewear market isn’t just about selling a product – it’s about safeguarding the well-being of your employees, fostering a culture of safety, and aligning yourself with a collaborative and innovative approach to vision health. By offering high-quality, targeted safety eyewear solutions, you can unlock a golden opportunity in this rapidly growing market.

The growth of the safety eyewear market can be attributed to factors such as advancements in lens technology, particularly in the areas of anti-fog and scratch-resistant lenses. These innovations have addressed longstanding concerns and improved the overall performance and durability of safety eyewear.

Similarly, scratch-resistant lenses are designed to withstand abrasions and maintain optical clarity even in harsh conditions, enhancing the longevity of safe eyewear. These technological advancements have been well-received by industries such as construction, manufacturing, healthcare, and others, where safety is very important.

As a result, there is a growing trend of incorporating anti-fog and scratch-resistant lenses in safety eyewear, as organizations prioritize worker safety and comfort.

The market is highly competitive, with several companies offering a wide range of products. Some of the key players in the Safety Eyewear market include 3M, Bolle Safety, PIP Global, and others.

Key Takeaways from the Safety Eyewear Market Study

As of 2022, the safety glasses segment commanded a market share of 6%.
In terms of frame material, plastic is expected to command shares worth 5% in the market by 2033.
In terms of lens type, the polycarbonate lenses segment is expected to surge with a CAGR value of 8% by 2033.
The manufacturing sector in terms of end-users has a high market value share which is 4% in the MEA safety eyewear market in 2022.

“Growing focus on safety and stringent safety regulations governing the use of safety eyewear in diverse sectors across the MEA is boosting sales in the region. Rising industrial activities in the region from construction and oil & gas sectors are further fuelling the market.” – says a lead FMI analyst.

Who is winning?

Key players present in the MEA safety eyewear market are 3M, Bolle Safety, PIP Global, SureWerx, Stanley Black & Decker, Gentex Corporation, Encon Safety Products Inc., Klein Tools, Delta Plus Group, Moldex/Metric AG & Co. KG, Lakeland Industries Inc., JSP Limited, Bunzl plc, Radians Inc., Honeywell Safety Products, UNIVET Group, Ansell Ltd., and Infield Safety among others.

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Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the MEA safety eyewear market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study divulges compelling insights on the safety eyewear market by product type (safety glasses, safety goggles, welding helmets, face shields, laser safety glasses, prescription safety eyewear), by frame material (plastic, metal, nylon, rubber, others), by lens type (polycarbonate lenses, trivex lenses, clear lenses, polarized lenses, photochromic lenses, mirrored lenses, others lens types), by end-user (construction, manufacturing, oil and gas, chemical, healthcare, mining, military and defense, and residential/households), by distribution channel (online retail, offline retail, institutional sales) and countries.

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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:

Nandini Singh Sawlani

Maternity Innerwear Market is projected US$7.1 Billion by 2033 – A Market Poised for Decent Growth | FMI

The world of maternity photography is experiencing a revolution, and at the heart of it lies a secret weapon: maternity innerwear. This market, projected to reach a staggering US$ 7,123.1 million by 2033, presents a golden opportunity for decision-makers in the industry. Here’s why you should take notice:

The Maternity Photoshoot Powerhouse: Maternity photoshoots are a cherished tradition, capturing the beauty of pregnancy. Maternity innerwear plays a pivotal role in ensuring comfort, support, and a picture-perfect look. By offering stylish designs and supportive features, you empower expectant mothers to feel confident and embrace their changing bodies in every photo.
Comfort Meets Confidence: Pregnancy brings undeniable physical changes. Maternity innerwear, designed with adjustable straps, wider bands, and breathable fabrics, provides essential comfort and support. This translates to a flattering fit, allowing mothers-to-be to showcase their beauty and confidence during photoshoots.

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Versatility is Key: Maternity photoshoots often involve multiple outfit changes. Versatility is key, and your innerwear should seamlessly adapt to different looks. By offering a range of styles, you cater to this need and contribute to the visual appeal of the photoshoot.
E-commerce Boom: Expanding Accessibility: Gone are the days of limited options. The rise of e-commerce platforms has revolutionized accessibility. Expectant mothers can now browse a vast selection of maternity innerwear brands, compare prices, and find the perfect fit – all from the comfort of their homes.
Celebrating Body Positivity: Today’s focus on self-care and body positivity extends to pregnancy. Maternity innerwear empowers women to embrace their changing bodies. By offering products that enhance comfort and confidence, you contribute to a positive and celebratory experience during maternity photoshoots.

The maternity innerwear market is more than just undergarments – it’s about empowering mothers-to-be and creating lasting memories. By prioritizing comfort, style, and accessibility, you can unlock a world of opportunity in this booming market. Embrace the power of maternity innerwear and be a part of this beautiful journey.

According to FMI, maternity outerwear gear is anticipated to become the most appealing product type category, making up almost 76.2 percent of total sales in 2021. The growth of the category is being aided by the rising demand for fashionable outerwear items including jeans, skirts, shirts, dresses, and tunics that are sold under various brands.

“Key manufacturers place a strong emphasis on the release of cutting-edge and stylish maternity clothing to shield expectant mothers and babies from dangerous ultraviolet (UV) radiation. These outfits are being tailored with natural and environmentally safe materials. This is anticipated

Key Trends Driving Maternity Apparel Market Expansion:

Rising disposable incomes and increasing awareness of maternal health: Greater financial security and a focus on prenatal well-being are leading expectant mothers to invest more in their wardrobes.
Shifting fashion preferences: Consumers are embracing comfort and inclusivity, driving demand for maternity apparel that is both stylish and functional.
Growing online retail market: The convenience and wide selection offered by online platforms are attracting more expectant mothers, boosting market accessibility.
Emergence of sustainable and ethical brands: Eco-conscious consumers are seeking maternity clothing made from recycled materials and produced under fair labor practices.
Expansion into new markets: Emerging economies with rising birth rates and growing middle classes present significant growth opportunities for maternity apparel brands.

Opportunities for Market Players:

Develop innovative and functional designs: Cater to the evolving needs and preferences of pregnant women with stylish, comfortable, and adaptable clothing.
Embrace sustainability and ethical practices: Align with consumer values by sourcing eco-friendly materials and implementing fair labor policies.
Expand online presence: Leverage the power of e-commerce to reach a wider audience and offer a seamless shopping experience.
Diversify product offerings: Cater to different price points, styles, and body types to attract a broader customer base.

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Competitive Landscape

H & M Hennes & Mauritz AB, Seraphine Ltd, The Gap Inc., are the top three market players, identified by Future Market Insights. They are expected to cumulatively account for nearly 5% to 6% of the total sales in 2021.

Leading manufacturers are focusing on entering into strategic collaborations and partnerships with other players to expand their product portfolio and increase their market share. For instance,

In September 2020, Nike, an American multinational sportswear corporation, announced launching its first-ever active wear collection for pregnant women. The Nike (M) collection range from $45 to $85 online and consists of four products tailored as per the changing women’s bodies before, during, and after pregnancy.
In Oct 2020, Momsoon, a Maternity and Nursing Wear start-up, announced entering into a partnership with a leading clothing brand, Monte Carlo to launch its winter collection maternity wear. As a part of the partnership, Monte Carlo will produce maternity wears designed by Momsoon for online sale channels.

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Some of the key players operating in the market profiled by FMI are:

Adidas AG
ASOS Plc
Brainbees Solutions Pvt. Ltd.
Hanesbrands Inc.
H & M Hennes & Mauritz AB
C. Penney Co. Inc.
Nike Inc.
Seraphine Ltd
The Gap Inc.
Tytex AS

Maternity Apparel Market by Category

By Product Type:

Outerwear
- Tops
- Tunics
- Bottom
- Dresses
- Others
Innerwear
- Lingerie
- Camisoles
- Others
Nightwear

By Material Type:

Cotton
Nylon
Polyester
Synthetic
Spandex
Others

By Price Range:

Below US$ 100
US$ 100 – US$ 200
US$ 200 and Above

By Region:

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

Author

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:

Nandini Singh Sawlani

Toy Packaging Market is Projected to Increase at a CAGR of 4.9% over the Forecast Period 2032 | FMI

Toy packaging must be safe, appealing, and simple to open, and it must include correct labelling and be child-resistant. Growth of the toys packaging market is projected to increase with increasing sales of toys. According to Future Market Insights (FMI), the toy packaging market is slated to grow at 4.9% CAGR between 2022 and 2032, surpassing US$ 9.8 Billion by 2022.

Different types of packaging such as window frames, blind boxes, blister packaging, transparent packaging etc. is driving the toy packaging market. Hence, different graphic elements and colors of the toy packaging helps in attracting the target audience.

As a result, toy-packaging manufacturers are focusing on packaging that is attractive, innovative and wholesome at the same time. Thus, the packaging of the toys is important for protecting and promoting the toys.

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Key Takeaways from Global Toys Packaging Market

In terms of packaging format, the boxes segment is predicted to increase by 1.8 times and grow at 5.4% between 2022 and 2032.
Based on distribution channel, e-commerce segment held significant market share of 33% in the year 2021.
South and East Asian is estimated as the prominent market for toy packaging owing to increased support from the government to promote the local toys market.
The U.S. is expected to dominate the global toy packaging market over the forecast period (2022-2032)

“Toy packaging market is expected to gain traction due to innovative toys packaging styles adopted by the manufacturers. The toys packaging market is anticipated to grow owing to increased demand for the educational and learning toys”– comments FMI analyst

Global Toys Packaging Market Landscape

MK Packaging,
Qingdao Yilucai packaging Co., Ltd,
YONGSHUNHE PAPER INDUSTRY (SUZHOU) CO., LTD.,
DS Smith,
Craft Boxes,
The Custom Boxes,
Pioneer Plastics, Inc,
Emenac Packaging,
Finestar (HK) Printing Co., Ltd.,
Transpack Industrial Co., Limited,
Jainson Packaging Products,
MyBoxPrinting.Co.Uk.,
Khang Thanh – Vietnam Packaging Company,
Shri Bala Ji Print N Pack,
YBY Boxes

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Global Toys Packaging Market Report

Future market insights, in its new report, offers an unbiased analysis of the global market for toys packaging market by material (plastic (PET, PP, PE, and Others), paper, and molded fiber), by packaging formats (boxes, pouches, clamshell, blisters, trays, tubes, bags, and films & wraps), by distribution channel (e-commerce, retail stores, convenience stores, and hypermarkets/supermarkets) across seven regions.

Global Toy Packaging Market by Category

By Material:

Plastic
- PET
- PP
- PE
- Others

Paper
Molded Fiber

By Packaging Formats:

Boxes
Pouches
Clamshell
Blisters
Trays
Tubes
Bags
Films & Wraps

By Distribution Channel:

E-commerce
Retail Stores
Convenience Stores
Hypermarkets/Supermarkets

By Region:

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

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:

Nandini Singh Sawlani