Market Research Blog – Page 3024 – New Product Development

B2B Luxury Packaging Market Booming to $17.9 Billion by 2033 Invest in Innovation and Customization | FMI

The luxury packaging market is not just about creating visually stunning packaging solutions for end consumers. It is also a business-to-business (B2B) concern, where manufacturers and suppliers of luxury packaging solutions cater to the needs and requirements of luxury goods brands.

The global luxury packaging market looks poised to attain a valuation of US$ 10.4 billion in 2023. From 2023 to 2033, the market is likely to accelerate at a steady CAGR of 5.5% and reach a US$ 17.9 billion in 2033.

Luxury packaging manufacturers work closely with their clients to understand their branding and packaging requirements. They offer customized solutions that reflect the brand’s values, image, and exclusivity. Luxury packaging manufacturers also provide branding and design services to their clients, ensuring that their packaging solutions are visually appealing and distinctive.

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The B2B aspect of the luxury packaging market requires manufacturers to have a deep understanding of the luxury goods industry. They must be aware of the latest trends, designs, and materials used in the industry to create packaging solutions that are innovative, unique, and effective. Manufacturers also need to understand the packaging regulations and guidelines set by different industries, such as the cosmetics industry, to ensure compliance.

In the luxury packaging market, manufacturers and suppliers work with a wide range of clients, including small and medium-sized enterprises, as well as large corporations. They cater to different budgets, requirements, and preferences, offering solutions that are tailored to each client’s needs.

The B2B nature of the luxury packaging market also requires manufacturers to have strong supply chain management skills. They must source high-quality materials and components from reliable suppliers, ensuring that their packaging solutions meet the quality standards expected by their clients. Manufacturers also need to have efficient logistics and distribution systems in place to deliver their products on time and in perfect condition.

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The luxury packaging market is a highly competitive industry, and manufacturers need to differentiate themselves from their competitors by offering exceptional products and services. They need to constantly innovate their products, designs, and materials to meet the evolving needs and preferences of their clients.

In conclusion, the luxury packaging market is a B2B concern that requires manufacturers and suppliers to have a deep understanding of the luxury goods industry. They need to offer customized solutions that reflect their clients’ branding and packaging requirements, and they must have strong supply chain management skills to deliver high-quality products on time. Manufacturers need to differentiate themselves from their competitors by offering innovative products and services that meet the evolving needs of their clients.

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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.

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Future Market Insights Inc.
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Magnetoresistive Sensors Market Insights Anticipated US$ 371.5 Million by 2032, 4.3% CAGR

The magnetoresistive sensors market is anticipated to grow at a CAGR of 4.3% in the global magnetoresistive sensors market throughout the projected period. Future market growth for magnetoresistive sensors is predicted to reach a value of US$ 243 million in 2022 and US$ 371.5 Million by 2032.

Magnetoresistive sensors are highly sensitive devices aimed to cover an extensive range of applications with large air gaps, low power requirements, and small magnetic fields.

Magnetoresistive sensors have low magnetic strength and due to simplified installation, it reduces system cost.

These sensor ICs require low electricity and less investment. Magnetoresistive sensors are used in medium-sized consumer electronics which act as battery optimization position sensors and are also used as infusion pumps in medical equipment.

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Magnetoresistive Sensors Market: Market Dynamics

The increase in demand for flexible electronics owing to low manufacturing cost and higher flexibility are the drivers for the magnetoresistive sensors market

Determining methods for structuring the layers and developing appropriate insulation layers between the sensors is difficult which may act as restraints for the magnetoresistive sensor market.

Manufacturing of printable electronic devices that will not require high-energy deposition technologies will create opportunities for the magnetoresistive sensors market

Global Magnetoresistive Sensors Market: Competition Landscape

A few prominent players in the Magnetoresistive Sensors market include Honeywell International Inc., AMS, Analog Devices (Infineon Technologies), Murata, NXP Semiconductor N.V, TE Connectivity, Magnachip Semiconductor, Diodes Incorporated, Panasonic, MS AG, Allegro Microsystems Inc., Asahi Kasei Micro Devices Corporation, Infineon Technologies AG, Melexix NV, Memsic Inc, Micronas Semiconductor Holdings AG, and Robert Bosch GMBH.

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Magnetoresistive Sensors Market: Regional Outlook:
North America is estimated to dominate the magnetoresistive sensor market followed by Europe, APEJ, Japan, and MEA regions owing to an increase in demand for flexible electronics in North America for industrial applications and adoption of advanced technologies.

Europe and Asia Pacific are expected to grow significantly during the forecast period.

The research report presents a comprehensive market assessment and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also includes projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to market segments such as geography, technology, and applications.

Magnetoresistive Sensors Market Segmentation:

By Type:

Hall Effect
Magnetoresistive

By Range:

<1microgauss
1microgauss-10gauss
>10gauss

By Application:

Speed Sensing
Proximity Detection/NDT
Position Sensing
Navigation and Electronic compass
Flow rate Sensing
Others

By End-user Industry:

Transportation
Consumer Electronics
Healthcare
Aerospace & Defense
Industrial
BFSI
Others

By Region:

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

Contact Us:

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Global 3D Reconstruction Technology Market Poised to Surpass US$ 2,450.4 Million by 2033, Forecasts Future Market Insights

According to a detailed market analysis released by Future Market Insights (FMI), the global 3D reconstruction technology market, which was valued at approximately US$ 1,164.2 million in 2022, is projected to soar to a valuation of US$ 2,450.4 million by the end of 2033. The market is expected to witness a steady Compound Annual Growth Rate (CAGR) of 7% over the forecast period from 2023 to 2033.

In 2023, the market is estimated to be worth US$ 1,245.65 million, showcasing significant growth driven by the expanding applications of 3D reconstruction technology beyond its traditional use in infrastructure and complex machinery design. Recent advancements have broadened its utility across various industries, enhancing operational efficiencies and creating detailed models before physical assets are built.

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The growth trajectory of the 3D reconstruction technology market is supported by the increasing demand for digital experiences and virtual imaging of actual monuments. These applications highlight the technology’s capability to not only innovate but also preserve and reimagine cultural heritage in a digital format.

Key Takeaways from the Global 3D Reconstruction Technology Market Study Report:

The United States is the leading region for the adoption of 3D reconstruction technology in various industries. As per the survey reports in 2022, it contributed to more than 30% of the revenue generated by the global 3D reconstruction technology market.
On the basis of the component, the 3D reconstruction technology software segment dominates over the services segment. This segment contributed to around 70% of the total market revenue in the year 2022.
Based on type, the active 3D reconstruction technique is preferable to the passive 3D reconstruction technique. However, the passive segment constitutes a considerable share due to the insufficiency of infrastructure in many regions.
Large enterprises still hold a substantial amount of the total demand for 3D reconstruction technology available in the market. Meanwhile, small and medium enterprises (SMEs) are gaining traction at a high annual rate of 7.8%
Application of 3D reconstruction technology in the construction & architecture segment is the leading segment with a market share of 25%. In recent years there has been significant growth in the application of 3D printing technologies in the healthcare sector.

Competitive Landscape for the Global 3D Reconstruction Technology Market Players:

Global 3D reconstruction technology businesses are working together with local and regional players to increase their customer base. It is also expected to help 3D reconstruction technology market key players to obtain an advantage over their competitors.

Since only a few prominent competitors are controlling sizable market shares, the 3D reconstruction industry is highly concentrated. This business has an edge that sets them apart thanks to its capacity for ongoing innovation in its field.

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Recent Developments by the Global 3D Reconstruction Technology Industries:

RSIP Vision Company announced the launch of a tool for 3D reconstruction of the ureter in October 2022. It is a prominent company known for innovations in medical imaging by using computer vision solutions and AI.
Skyline Software Systems Inc. partnered with a leading engineering and survey company in Japan to introduce a TerraExplorer. It is a cutting-edge 3D GIS desktop viewer for a high-resolution 3D view that was launched in Japan in July 2022.
In September 2022, Preimage revealed a seed fundraising round in which the company might raise US$ 1.7 million. This 3D reconstruction startup is willing to expand the development of its product and increase sales across all departments.

Key Players Profiled in the Global 3D Reconstruction Technology Market:

Agisoft PhotoScan
RealityCapture
Acute3D
Koninklijke Philips NV
Vi3Dim Technologies
Photometrix Photogrammetry Software
Paracosm
Matterport, Inc.
Realsense (Intel) Corporation
Mensi

Key Segments of Global 3D Reconstruction Technology Industry Survey:

3D Reconstruction Technology Industry by Component:

3D Reconstruction Technology Software
3D Reconstruction Technology Services

3D Reconstruction Technology Industry by Type:

3D Reconstruction Technology Based on 3D Reconstruction Software
3D Reconstruction Technology Based on Images & Video
3D Reconstruction Technology Based on 3D Scanning

3D Reconstruction Technology Industry by Construction Method:

Active 3D Reconstruction
Passive 3D Reconstruction

3D Reconstruction Technology Industry by Enterprise Size:

3D Reconstruction Technology for Large Enterprises
3D Reconstruction Technology for Small & Medium Enterprises (SMEs)

3D Reconstruction Technology Industry by Deployment Model:

On-premise 3D Reconstruction Technology
Cloud 3D Reconstruction Technology

3D Reconstruction Technology Industry by Application:

Education
Healthcare
Automotive
Aerospace & Defense
Industrial Machinery
Electrical & Electronics
Media & Entertainment

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About Future Market Insights (FMI)

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

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Managed Workplace Services Market Poised for US$ 99.4 Billion, Eyes 12% CAGR by 2032

The managed workplace services market is projected to grow at a CAGR of 12% from 2022 to 2032, from US$ 28.7 billion in 2022 to US$ 99.4 Billion by that time. To bridge the gap between business productivity and end-user expectations for integrated, customized, and flexible services during the forecast period from 2022 to 2032, the demand for managed workplace services is on the rise.

The adoption of managed workplace services is expected to rise as a result of implementing more adaptable IT workstations and conventional workplace procedures and integrating them to support end-users. Through platforms like desktop delivery, mobility, and service, managed workplace services offer an end-to-end workflow approach.

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The Managed Workplace Services (MWS) market refers to the industry involved in providing end-to-end IT solutions for managing and supporting an organization’s end-user devices, such as desktops, laptops, mobile devices, and peripherals. MWS providers offer a range of services, including device management, software deployment, security management, asset management, and helpdesk support.

MWS solutions enable organizations to improve their operational efficiency, reduce costs, and enhance the end-user experience by ensuring that their devices are properly managed and maintained. MWS providers leverage technologies such as remote monitoring and management (RMM), mobile device management (MDM), and endpoint protection platforms (EPP) to deliver these services.

Who are Some of the Key Competitors in the Managed Workplace Services Market?
The end-user industries are the key contributors to the managed workplace services market growth. These industries are adopting various tactics to enlarge the market size all around the globe, which is anticipated to increase production & raise the sales of managed workplace services during the forecast period.

Leading Key Players:

Intel Corporation (U.S.)
Unisys Corporation (U.S.)
Hewlett Packard Enterprise Development LP (HPE) (U.S.)
IBM Corporation (U.S.)
Cisco Systems, Inc. (U.S.)
Accenture PLC (Ireland)
FUJITSU(Japan)
NTT Data Corporation (Japan)
Atos (France)
Capgemini (France)
Cognizant Technology Solutions Corporation (U.S.)
HCL Technologies Ltd. (India)
Citrix Systems (U.S.)
Computer Sciences Corporation (CSC) (U.S.)
Wipro Ltd. (India)
Tata Consultancy Services (India)
Zensar Technologies Ltd (India)
Infosys (India)

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Managed Workplace Services Market Segmentation:

By Service Type:

Mobility Services
Desktop Services
Service Desks
Collaboration Services
Management Services
Other Service Types

By Enterprise Size:

SMEs
Large Enterprise

By End User:

BSFI
Government
IT and Telecom
Healthcare and Life Sciences
Manufacturing and Automotive
Transportation and Logistics
Retail
Media and Entertainment
Others

By Region:

North America
Latin America
Asia Pacific
Europe
MEA

About Future Market Insights (FMI):

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E-Scooter Sharing Market Surges, Anticipates 17.9% CAGR, US$ 5.7 Billion Expansion by 2032

The global E-scooter sharing market was valued at US$ 1.1 Billion in 2022 and is expected to reach US$ 5.7 Billion by 2032 finds Future Market Insights (FMI) in a recent market survey. E-scooter sharing market is likely to surge at a vigorous 17.9% CAGR during the forecast period of 2022 – 2032. In free-floating sharing commuters can pick up and drop off the E-scooters from a place sanctioned by civic authorities. Hence, they can find free-floating sharing services convenient for short transit routes.

Kick Scooter Has an Upper Hand over Smart Scooters in E-scooter Sharing:
Kick scooters are more opted for by users over smart scooters in E-scooter sharing. Kick scooters are generally easy to use as compared to smart scooters, which makes commuters choose kick scooters over smart scooters for E-scooter sharing.

US to Dominate E-scooter Sharing Market throughout the Analysis Period:
The US generated the highest revenue in the E-scooter sharing market in 2021. While two of the top E-scooter sharing providers are based in the US, it holds a market share of US$ 340.9 Million in 2021. Due to the high usage of E-scooter sharing, the market in the US is expected to account for US$ 1.9 Billion in revenue by 2032.

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Some of the recent developments by key providers of E-scooter sharing are as follows:

In May 2022, the San Francisco Municipal Transformation Agency (SFMTA) tested scooter sidewalk riding detection technology involving three companies Lime, Spin, and Scoot. The key objective of this testing is to maintain safe sidewalks across the city. Sidewalk riding detection technology automatically detects sidewalk riding and automatically reduces the speed to a safer level.
In April 2022, Bird announced it would provide its E-shared scooter service in Indio California, the Home of the Coachella and Stagecoach festivals.
In March 2022, Chalo, an India-based mobility startup acquired Vogo Automotive Pvt. Ltd. Chalo’s plan is to boost its bus ridership by providing its users to solve the last and first-mile concerns.
In March 2022, Ford announced that it would be selling its E-scooter business Spin to Tier a German e-scooter company that helped Tier to set up its operations in North America.
In November 2021, Lime announced that it had raised a funding of US$ 523 Million and declared that it will list as public in 2022.
In November 2021, Tier, a Berlin-based e-scooter operator acquired Nextbike a German-based bike-sharing platform to become Europe’s largest and most diverse micro-mobility provider.
In November 2021, Bird joined Switchback II Corp and began trading on the New York Stock Exchange (NYSE) under the name BRDS.
In May 2021, Bird and Zig Zag joined to build a local multi-model mobility service in Italy.
In January 2021, Vogo Automotive Pvt. Ltd. launched the ‘VOGO Keep’ platform which allows people to keep their vehicle for a minimum of 12 hours and a maximum of 60 days.
In November 2019, California-based E-scooter company OjO Electric Corp announced they were planning to acquire Gotcha, a scooter bike rental service.
In January 2019, South American E-scooter service, Yellow merged with Mexican E-scooter service Grin to form Grow Mobility. After their merger, Grow Mobility became the largest E-scooter sharing provider in South America.

Leading Key Players:

Neutron Holdings, Inc.
Cityscoot
Cooltra Motosharing, S.L.U
Bird Global Inc.
Vogo Automotive Pvt. Ltd.
TIER Mobility AG
Voi Technology AB
Wind Mobility
Beam Mobility Holdings Pte. Ltd

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E-scooter sharing Market Segmentation:

By Type:

Free-floating
Station bound

By Scooter Type:

Kick Scooter
Smart Scooter

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Global Phenylketonuria Therapeutics Market Set to Double, Reaching US$ 2.28 Billion by 2033

The global phenylketonuria therapeutics market is poised for significant growth, projected to escalate from US$ 1 billion in 2023 to US$ 2.28 billion by 2033, with a robust compound annual growth rate (CAGR) of 8.6%. This forecast follows a growth pattern established from 2018 to 2022, during which the market experienced a CAGR of 5.2%.

Phenylketonuria is a genetic metabolic disorder that impedes the body’s ability to metabolize the amino acid phenylalanine, leading to potential accumulation of harmful substances. Untreated, PKU can cause severe intellectual disabilities, convulsions, and other neurological complications.

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The surging market growth is primarily driven by the development of advanced therapeutic drugs and increased global awareness about the condition. Additionally, the expansion in genetic screening programs and diagnostic testing facilitates early detection of PKU, which is crucial for effective management of the disease.

Treatment for PKU typically involves a lifelong diet restricting phenylalanine intake. However, adherence to such dietary restrictions can be challenging for many, necessitating alternative or supplementary treatments. These include medications designed to reduce phenylalanine levels in the blood and enzyme replacement therapies that enhance the breakdown of this amino acid.

The PKU therapeutics sector is expected to benefit significantly from ongoing innovations and the introduction of new treatments. Emerging therapeutic approaches, such as gene therapy, aim to correct the genetic defects causing PKU. Additionally, developments in RNA interference technologies that reduce phenylalanine production in the liver and more effective enzyme replacement therapies are also showing promise.

As the PKU therapeutics market continues to evolve, the introduction of groundbreaking treatments will likely offer new hope to patients and families affected by PKU, improving both the quality of life and health outcomes.

Key Takeaways from the Market Study:

From 2018 to 2022, the phenylketonuria therapeutics market grew at a CAGR of 5.2%.
The global phenylketonuria therapeutics market is expected to grow with an 8.6% CAGR from 2023 to 2033.
As of 2033, the phenylketonuria therapeutics market is expected to reach US$ 2.28 Billion.
According to the FMI analysis, the hospital pharmacies segment accounts for the largest market share.
North America is expected to possess 40% market share for the Phenylketonuria Therapeutics market.
The East & South Asia market is predicted to increase significantly throughout the forecast period, with a share of 20% during the forecast period.

“A series of international level collaborations involving healthcare stakeholders across various institutional settings are fuelling further clinical trials and research studies dedicated to discovering phenylketonuria therapeutics,” says an FMI analyst.

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Market Competition:

Key players in the market include companies such as Competition Deep Dive, Cigna, BioMarin Pharmaceuticals, Codexis, Inc., Erytech Pharma, SOM Innovation Biotech SL, Synthetic Biologics, Inc., Retrophin, Inc., Danone, Censa Pharmaceuticals, Homology Medicines, Inc., along with healthcare providers and technology companies among other global players.

In January 2023, Jnana Therapeutics was granted clearance by the FDA for its Investigational New Drug (IND) application for JNT-517, a drug being developed to treat phenylketonuria (PKU), a condition that is difficult to treat. The biotechnology company is using its advanced chemoproteomics platform to discover drugs for challenging targets.
The Phase 1 program of JNT-517 is currently underway in healthy volunteers in Australia, and will expand to include clinical sites in the U.S. The Phase 1b sub-study will evaluate the drug’s effectiveness in individuals with PKU, with the potential to demonstrate clinical proof of concept that supports a subsequent registrational program.

Key Segments Profiled in the Phenylketonuria Therapeutics Industry Survey:

Drug Type:

Kuvan
Playnziq

Route of Administration:

Oral
Parenteral
Intravenous
Subcutaneous

Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

Region:

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

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Airport Ground Transportation Market Soars: Predicts a Whopping Surge to US$ 32.57 Billion by 2032

The airport ground transportation market is poised to reach a valuation of US$ 22 Billion in 2022. Sales are projected to increase at a 4 % CAGR, with the market size reaching US$ 32.57 Billion by 2032.

The airports are the most common type of transportation medium for international travelers and tourists. An airport can have multiple terminals, and aircrafts are assigned specific terminal for landing. The terminal and main airport building can be far, and passengers cannot walk to the aircrafts from building and other way around with luggage.

To make the transfer of passenger and luggage from building and aircraft, there are several vehicles, scheduled according to the flights or can be booked by passengers according to their convenience.

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This airport ground transportation is sometimes organized by airline, as a service included along with flight. Sometimes, third party transportation is used by travel agencies and sometimes, passengers can get their own vehicle, using applications and websites of transportation providing agencies. These vehicles are usually buses, taxis and sometimes trains, if available.

The airport ground transportation market very niche, and there are not many popular service providers. There are only few airlines, providing these services to passengers, and there are not many dedicated organizations in this sector. As the market is not dominated by any recognized organization, there is lots of potential for taxi hailing and cab providing agencies, along with airlines to invest and start providing airport transportation to passengers.

Key Takeaways from the Airport Ground Transportation Market Study:

The North America, Europe and Asia Pacific regions hold a market share of ~24%, ~22% and ~35% respectively.
Online booking channels are leading for the booking of Airport Ground Transportation tickets.
The Airport Ground Transportation sector have contributed ~15%-20% in Airport Services market.

Major Key Players

Dnata
Fraport AG
Swiss Port International AG
Transdev
Ola
Uber
Super Shuttle
Meru
Hertz
Alamo
Avis

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The Airport Ground Transportation Sector By Category

By Vehicle Type:

Cars
Buses
Shuttles
Limousine
Trains
Trams

By Booking Channel:

Online Booking
Phone Booking
Direct Booking

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveller
Package Traveller
Tour Group

By Consumer Orientation:

Men
Women

By Age Group:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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 Packaging Boom: Water-Soluble Bags Market to Reach US$ 2.9 Billion by 2033 | FMI

The global water soluble bags market is expected to grow at a CAGR of 5.6%, reaching US$ 1.7 Billion in 2022. Against this backdrop, the market size will reach US$ 2.9 Billion by 2032. The water soluble bags market is anticipated to exhibit Y-o-Y growth of 5.3% in 2022

Water-soluble bags, also known as biodegradable bags, are a type of packaging material designed to dissolve and disintegrate in water. These bags are made from a special polymer blend that allows them to break down harmlessly when exposed to water or moisture. This unique characteristic makes them an excellent alternative to conventional plastic bags, which pose a significant threat to the environment due to their non-biodegradable nature.

The Growing Need for Eco-Friendly Packaging

With the increasing awareness of environmental issues and the harmful effects of plastic waste, there has been a growing need for sustainable packaging solutions. Traditional plastic bags take hundreds of years to decompose, contributing to pollution and endangering marine life. As a result, governments, organizations, and consumers worldwide are actively seeking alternatives that can reduce plastic waste and its ecological footprint.

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Competition Landscape

POLYE MATERIALS CO., LTD,
Chromogreen,
ESCARRÉ AUTOMATIZACIÓN Y SERVICIOS,
S.L.,
Acedag Limited,
Extra Packaging Corporation,
TREVOR OWEN LIMITED,
EOS Plast Srl,
DESCO INDIA,
Rovi Packaging, S.A.,
FOSHAN POLYVA MATERIALS CO., LTD,
Adventpac,
Green Tech Bio Products,
Shanghai Yifu Packaging Products Co., Ltd,
Aquapak,
United States Plastic Corporation.

Key Market Drivers

Several factors contribute to the growing popularity of water-soluble bags:

Environmental Regulations: Governments worldwide are implementing strict regulations to curb plastic pollution. This has led to increased adoption of eco-friendly packaging alternatives such as water-soluble bags.
Changing Consumer Preferences: Today’s consumers are more environmentally conscious and actively seek products packaged in sustainable materials. Businesses that prioritize eco-friendly practices gain a competitive advantage by catering to this growing consumer segment.
Corporate Social Responsibility: Many companies are embracing sustainability as part of their corporate social responsibility initiatives. By adopting water-soluble bags, they demonstrate their commitment to environmental protection and gain goodwill from stakeholders.

“Eco-friendly water soluble bags of polyvinyl alcohol material in packaging are expected to gain traction in the next decade due to the rise in consumer awareness for safe usage of hazardous and environment-friendly materials by eliminating non-biodegradable materials,” comments FMI analyst.

Key Takeaways:

Based on material type, sales in the polyvinyl alcohol (PVA) segment are slated to increase at a 5.4% CAGR over the forecast period.
In terms of applications, demand in the chemicals and agrochemicals sector will grow at a 6.1% CAGR through 2032.
The U.S. water soluble bags market will expand at a 4% CAGR over the assessment period.
India will emerge as a lucrative pocket, with demand growing at a 6.2% CAGR over the forecast period.

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Global Water Soluble Bags Market By Category

By Material Type:

Polyvinyl Alcohol (PVA)
LDPE (Low Density Polyethylene)
HDPE (High Density Polyethylene)

By Capacity:

Less than 100 ml
101 to 200 ml
201-300
Above 300 ml

By Application:

Chemical & Agrochemical
Personal Care & Cosmetics
Home Care
Food
Pharmaceuticals

Key Benefits

This report provides a quantitative analysis of the current Water Soluble Bags market trend, market opportunities, estimations, and dynamics of the Water Soluble Bags market analysis from 2023 to 2033 to identify the prevailing Water Soluble Bags market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the Water Soluble Bags market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global electrostatic discharge (esd) packaging market trends, key players, market segments, application areas, and market growth strategies.

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Nandini Singh Sawlani

HVAC Software Market Aims for US$ 1.5 Billion Goal Forecasting 7.9% CAGR by 2032

The HVAC software market is poised for a remarkable triumph, with projections indicating substantial growth to reach US$ 1.5 Billion by the year 2032. This impressive surge is propelled by a robust CAGR of 7.9%

As the demand for efficient heating, ventilation, and air conditioning systems continues to rise, the HVAC Software Market is at the forefront of this transformative industry. With advancements in technology, software solutions tailored to the HVAC sector are becoming increasingly indispensable, providing businesses and consumers with innovative tools to optimize energy consumption, reduce costs, and enhance overall comfort. This sector’s promising trajectory underscores the critical role that HVAC software plays in shaping the future of climate control systems.

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COVID-19 Pandemic Affecting the Market with Digitization Becoming the Need of the Hour:
The reduction in demand and supply-side shortages in the HVAC systems market, as well as the labor shortage of skilled technicians, adversely affected the market. However, the optimization of existing labor is the emerging need of the hour, with companies turning to the utilization of HVAC software to meet it. Enterprises also benefit from the fact that HVAC software facilitates the collaboration of different professionals through easy access to varied data.

The US to Command the Larger Proportion of demand for HVAC Software throughout the Analysis Period:
The US, which accounted for over 36% of the global HVAC Software Market in 2021 is expected to continue being a key player. This is due to the growing demand for HVAC systems after the popularity of smart and sustainable technology. The market in the U.S. is estimated to account for a US$ 272.9 Million absolute dollar opportunity between 2022 and 2032, with a CAGR of 7.7% during the forecast period.

A key component of demand is that HVAC software helps enterprises get the best possible results from technicians:
HVAC software can help assign the best possible technician for a job, taking into account various factors such as geographic location, skill level, review history, and distance from the consumer. It also ensures that enterprises can monitor technicians efficiently.

HVAC Software Market: Competition Insights

Competitive Landscape:
At present, HVAC providers are focusing on increasing their presence and reach while developing new technologies. They are focusing on developments that will ensure further optimization of performance to increase usage in downstream applications.

Leading Key Players:

Daikin
Johnson Controls
LG Electronics
Carrier
Trane Technologies
Emerson
Honeywell
Mitsubishi Electric
Samsung
Nortek
Codefied Inc.
Dataforma Inc.
Fergus Software Limited
FieldEdge
GorillaDesk
ServiceTitan
Housecall Pro
MHelpDesk
Synchroteam
SimPRO
Work Wave LLC
Verizon Connect
Jobber Software

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Some of the recent developments in HVAC Software are as follows:

In April 2022, Daikin Comfort Technologies North America Inc. (Daikin) and XOi Technologies collaborated to provide an AR and AI curb-to-curb field services solution to improve efficiency and bottom line using XOi software and automating the workflow.
In January 2022, Energy Design Systems launched EDS, which is a suite of solutions and services that can be used for load calculations and home energy audits.
In December 2021, Motili announced an integration with Yardi. This integration will mean Motili will take advantage of Yardi Voyager’s web-based HVAC software solution with mobile access, integrated end-to-end capabilities, and the capacity for management of larger portfolios that will automate workflow, increase transparency, and optimize the services provided.

More Insights Available:
Future Market Insights, in its new offering, presents an unbiased analysis of the HVAC Software Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the HVAC Software Market in terms of Deployment (Cloud-based Deployment, On-Premise Deployment), Industry (Large enterprises, Small and Medium enterprises), across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

HVAC Software Market Segmentation:

By Deployment:

Cloud-Based HVAC Software
Web-based HVAC Software

By Enterprise Size:

Large Enterprises
Small and Medium Enterprises

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Nandini Singh Sawlani

Pipe Screw Extruder Market Size Rising to US$ 15.5 billion by 2033

The Pipe Screw Extruder Market is being driven in part by the rising demand for consistently high-quality food items. As consumer’s awareness of their health increases, they demand nutrient-dense, risk-free, and high-quality food products. Products produced by pipe screw extruders have a consistent quality, which is important for the food business.

The food business similarly prioritizes boosting production effectiveness and lowering production costs. Pipe screw extruders can swiftly and effectively create vast amounts of food products, which is crucial for the food sector. By lowering waste output and energy use, they are also able to lower production costs.

Food safety is also enhanced by the usage of pipe screw extruders in the food industry. Pipe screw extruders are able to manufacture high-quality, contaminant-free food items, which is crucial for guaranteeing food safety.

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The food business is likewise seeking for sustainable solutions and becoming more ecologically conscious. Because they use less water and energy than other extrusion technologies, pipe screw extruders are an environmentally beneficial solution.

In conclusion, the market for pipe screw extruders is expanding as a result of the food industry’s rising need for consistently high-quality food items as well as the requirement to improve production efficiency, cut costs, assure food safety, and lessen environmental impact.

Key Takeaways from the Pipe Screw Extruder Market:

The Pipe Screw Extruder industry in the United States is predicted to reach US$ 1.5 billion by 2033, increasing at a 6.2% CAGR.
The Pipe Screw Extruder industry in the China is estimated to reach a market share of US$ 2.09 billion, expanding at a CAGR of 7.1% by 2033.
During the forecast period, the Pipe Screw Extruder industry in Germany is expected to reach a market share of US$ 1.3 billion, securing an 8.1% CAGR.

What are the key factors driving the growth of the global pipe screw extruder industry, and how is the market expected to evolve in the coming years?

Looking ahead, the global pipe screw extruder industry is expected to rise at a CAGR of 4.4% from The pipe screw extruder market is anticipated to experience steady expansion in the coming years, driven by several factors.

Firstly, the rising demand for pipes in various industries such as construction, agriculture, and infrastructure development is likely to boost the market. As countries continue to invest in infrastructure projects and urbanization, the need for efficient pipe systems for water supply, drainage, and irrigation will grow, leading to an increased demand for pipe screw extruders. Additionally, the growing trend towards sustainable and eco-friendly materials is expected to contribute to market growth. The adoption of recyclable and environmentally friendly polymers for pipe manufacturing may lead to the development of innovative pipe screw extruders that can handle these materials, catering to the evolving needs of the market.

As vehicle owners and manufacturers prioritize security features, Pipe Screw Extruders play a crucial role in enhancing vehicle security. Key interlock systems, which include Pipe Screw Extruders, ensure that a vehicle can only be operated when the authorized key or key fob is present, preventing unauthorized individuals from starting or operating the vehicle. This is critical in reducing theft and improving overall vehicle security.

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Key Players

The Bosch Group
KraussMaffei Group
Davis-Standard
Arburg
Wittmann Battenfeld