Market Research Blog – Page 3037 – New Product Development

Wagging Tails and Soaring Profits: The Pet Daycare Market is Fetching Big with a CAGR of 8.1% by 2033

The pet daycare market is a tail-wagging success story, projected to reach a pawsome US$ 8.84 billion by 2033 with a phenomenal CAGR of 8.1%. Decision-makers in the pet care industry, this is your chance to become a furry friend’s hero. Here’s why you should join the pack:

A Booming Industry Fueled by Busy Lives & Devoted Pet Parents:

Working Woof Woofs & Meows Meow Meow: With longer working hours, pet owners need daycare solutions to ensure their furry companions are well-cared for during the day.
More Money, More Pampering: Rising disposable income allows pet parents to invest in enriching experiences like pet daycare for their beloved companions.
Pets as Family: The trend of pet humanization is on the rise, with owners viewing pets as family and prioritizing their well-being.

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Beyond Basic Care: A Holistic Approach to Pet Wellness:

From Walks to Washes: Pet daycare goes beyond just supervision, offering services like walks, bathing, and grooming, catering to all pet needs.
Combating Mental Health Woes Through Wags and Purrs: Owning a pet can combat depression and anxiety. Pet daycare provides essential pet socialization, enhancing their mental well-being.
Addressing Pet Health Issues: Pet daycare specialists can identify potential health issues like obesity in your pet and offer solutions for a healthier life.

A Decision-Maker’s Guide to Fetching Success:

Focus on Enrichment & Care: Design enriching daycare programs with playtime, socialization, and personalized care for each pet.
Cater to Busy Schedules: Offer flexible drop-off and pick-up times to accommodate busy pet parents.
Invest in Expertise: Hire and train qualified staff who understand pet behavior and can provide exceptional care.
Embrace Technology: Develop mobile apps for easy booking, pet progress updates, and communication with pet parents.

The pet daycare market is a goldmine for businesses catering to the well-being and happiness of furry friends. By prioritizing enrichment, care, and convenience, your brand can become a trusted partner for pet parents and a leader in this rapidly growing market.

Thus, based on the study conducted by the Future Market Insights research team, “Increase in the working hours of the pet owners along with upsurge in the disposable income is expected to drive the demand for pet daycare during the forecast period.”

Key Takeaways

The valuation of pet daycare market as on 2022 is US$ 3.7 billion.
The expected valuation of pet daycare market in 2032 is US$ 6.7 billion.
The anticipated CAGR during the forecast period is 8%.
Based on the animal type, dogs occupy the largest chunk of market.
The Group plays sessions are the most preferred service type in the pet daycare market.
Based on the country wise insights, USA has the largest market share.
North America has the largest market share based on the regional insights.
Asia-Pacific is all set to be the fastest growing pet daycare market based on regional analysis.

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Key Companies Profiled

PACo LLC
Carey Pet and Home Care
Best Friends Pet Care Inc
Camp Bow Wow
Dogtopia
Preppy Pet
Royvon Dog Training & Hotels
Barkefellers
Country Paws Boarding
Puss ‘n’ Boots Boarding Cattery
Urban Tails Pet Resort
Camp Run-A-Mutt
Pet Station Kennels & Cattery
Paradise 4 Paws LLC
Preppy Pet Franchises Inc.
Country Comfort Kennels
PetBacker
PetSmart Inc.

Competitive Landscape

Some of the major companies are involved in several strategies such as collaborations, mergers, and acquisitions to maintain their market position. Moreover, they are expanding their presence and are opening many more pet care facilities across the globe.

For Instance:

In July 2022, Dogtopia announced that it would open second San Antonio location om city’s far Northwest side.
In 2019, PetBacker started providing guilt-free tours to the pet parents which will arrange a fast online booking for cage-free pet boarding. This initiative was a collaboration with Uber and Airbnb.

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Market Segmentation

By Service Type:

Group Play Sessions
Exercise
Poolside DayCare
Grooming
Veterinary
Others

By Animal Type:

Dogs
Cats
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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

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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The Bed Linen Market Expected to Reach US$ 36.83 Billion by 2033, at a CAGR 5.5% | FMI Reports

The world may be fast-paced, but a good night’s sleep is timeless. And that’s where the bed linen market comes in, projected to be a restful haven worth US$ 36.83 billion by 2033, with a steady CAGR of 5.5%. Decision-makers in the textile industry, this is your chance to weave a winning strategy! Here’s why you should become part of this flourishing market:

Beyond Functionality: Bed Linen as Home Décor:

Aesthetics Meet Comfort: Modern consumers view bed linen as an essential element of home décor, reflecting their personal style and creating a beautiful bedroom oasis.
Matching the Mood: Offer a diverse range of bed linen designs, colors, and textures to cater to various interior aesthetics.
Investing in Comfort: People are willing to spend on high-quality bed linens that contribute to a good night’s sleep and enhance their bedroom experience.

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A Market with Diverse Demand:

Domestic & Export Opportunities: The bed linen market thrives in both domestic and export sectors, offering a broader reach for your brand.
Catering to All Tastes: From luxurious fabrics for high-end consumers to budget-friendly options, cater to diverse customer segments.
Beyond Homes: Institutional Needs: Government departments like tourism, railways, and defense sectors also rely on a steady supply of bed linens.

A Decision-Maker’s Guide to Sweet Dreams of Success:

Focus on Design & Quality: Develop stylish bed linen sets that combine comfort and aesthetics, appealing to design-conscious consumers.
Material Innovation: Explore innovative fabrics and technologies that enhance breathability, temperature regulation, and overall sleep quality.
Versatility is Key: Offer a variety of bed linen options in different sizes, materials, and price points to cater to diverse customer needs.
Embrace Sustainability: Promote eco-friendly practices and sustainable materials to attract environmentally conscious consumers.

The bed linen market is a dream come true for businesses offering comfort, style, and quality. By prioritizing design, innovation, and catering to diverse segments, your brand can become a leader in this ever-growing market.

Key Points

The United States market leads the bed linen market in terms of market share in North America. The United States region held a market share of 20.3% in 2022. The growth in this region is attributed to revised fashion trends and higher linen and cotton imports. The North American market held a share of 24.3% in 2022.
The German market is another important market in the European region. The market held a market share of 4.8% in 2022. The growth is attributed to the enhanced lifestyle, people looking for cotton alternatives, and several hotels and accommodations. The European market held a market share of 18.3% in 2022.
The Indian bed linen market thrives at a CAGR of 9.6% between 2023 and 2033. The growth is attributed to the higher imports and bed linen brands in the country.
The Chinese market also thrives at a CAGR of 8.3% during the forecast period. The flourishing growth is caused by it being the leader in linen production and exporting a huge amount of bed linen.
Based on the material type, cotton leads the market as it held a share of 21% in 2022.
Based on size type, the double segment leads the market as it held a market share of 20.6% in 2022.

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Key Players

Acton & Acton Ltd.
Beaumont & Brown Ltd.
American Textile Company
WestPoint
Boll & Branch LLC
Hollander
Pacific Coast Feather Company
Frette
Sferra
Bombay Dyeing
D’décor
Crane & Canopy
Portico Inc.

Competitive Landscape

The key vendors focus on the quality, pricing, and texture of the bed linen. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

WestPoint has introduced its wide range of bed linen, including 200TC percale Fitted Sheets and 144TC poly cotton flat sheets.
IKEA has launched Dvala fitted sheet along with the Nasselklocka Fitte Sheets.
r IKEA

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Key Segments Covered

By Material:

Cotton
Poly Cotton
Polyester
Microfibre
Linen
Sateen
Satin
Flannel
Denim

By Size:

Single
Double
Queen
King

By Pattern:

Floral
Abstract
Geometric
Striped
Checkered
Modern
Paisley
Character
Solid
Ornament
Polka Dot

By Regions Covered:

North America
Latin America
Europe
Japan
Asia Pacific Excluding Japan
The Middle East and Africa

Author

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Metallized Rollstock Film Market is Projected to Grow at a CAGR of 7.0%, Totaling Around US$ 9.4 Billion by 2033 | FMI

The global metallized rollstock film market is anticipated to reach a valuation of US$ 4.8 billion in 2023, driven by growing demand for flexible packaging. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 7.0% between 2023 and 2033, and reaching a total valuation of approximately US$ 9.4 billion by 2033.

One of the major factors contributing to the growth of the metallized rollstock film market is the increasing demand for sustainable packaging. There is a rising demand for eco-friendly packaging solutions, with the growing awareness of environmental issues and the need for sustainable practices. Metallized rollstock films are eco-friendly and can be recycled, contributing to reduced waste and a lower environmental footprint. Manufacturers are increasingly focusing on producing metallized films using renewable materials and employing eco-friendly production processes to meet the sustainable packaging requirements of consumers and industries.

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Technological advancements in metallization have led to the development of high-performance metallized rollstock films. Innovations in vacuum metallization and plasma coating techniques have resulted in films with improved barrier properties, better adhesion, and increased durability. The advancements have expanded the applications of metallized films in various industries, such as electronics, healthcare, and agriculture.

The rapid growth of e-commerce has created unique packaging challenges, such as the need for protective materials to ensure safe product delivery. Metallized rollstock films offer excellent protection against physical damage, moisture, and tampering during shipping and handling, making them suitable for e-commerce packaging. The increasing consumer preference for online shopping has driven the demand for protective packaging solutions, contributing to the growth of the metallized rollstock film market.

Key Takeaways from the Market Study

Global metallized rollstock film market was valued at US$ 4.5 billion by 2022-end.
From 2018 to 2022, the market demand expanded at a CAGR of 3.3%.
North America is expected to hold a dominant CAGR of 6.9% during the forecast period.
By tag type, metallized PET segment is expected to constitute a CAGR of 6.9% in 2033.
On the basis of end-use, food & beverage segment is expected to dominate the market with a CAGR of 6.9% in 2033.
From 2023 to 2033, metallized rollstock film market is expected to flourish at a CAGR of 7.0%.
By 2033, the market value of metallized rollstock film is expected to reach US$ 9.4 billion.

Enhanced shelf appeal and branding, across the globe, is a major factor that is expected to propel the growth of the metallized rollstock film market in the near future, remarks an FMI analyst.

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Competitive Landscape

Prominent players in the metallized rollstock film market are Uflex Ltd, Jindal Poly Films Limited, Klockner Pentaplast Europe GmbH & Co. KG, AR Metallizing N.V., Treofan Group, Cosmo Films Ltd, Toray Plastics (America) Inc, DUNMORE Corporation, SRF Limited, LPS Industries, and Hua Xian Brother Packaging Co. Ltd., among others.

Recent Developments:

In 2023, Mondi Group, a leading global manufacturer of packaging and paper, announced the launch of its new metallized rollstock film. The new film is made from a 100% recycled polyamide (PA) substrate and is coated with a thin layer of aluminum. The film is designed to be used in a variety of applications, including food packaging, pharmaceutical packaging, and industrial packaging.
In 2022, Treofan Group, a leading global manufacturer of plastic films, announced the launch of its new metallized rollstock film. The new film is made from a 100% recycled polyethylene naphthalate (PEN) substrate and is coated with a thin layer of aluminum.
In the same year, SRF Limited, a leading Indian manufacturer of flexible packaging, announced the launch of its new metallized rollstock film. The new film is made from a 100% recycled biaxially-oriented nylon (BOPET) substrate.

More Valuable Insights Available

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

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

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

Beer Market on Track to Hit US$ 1,679.5 Billion by 2033 | Future Market Insights, Inc.

The global beer market value is likely to jump from US$ 808.4 billion in 2023 to US$ 1,679.5 billion by 2033. This anticipated growth is expected to be driven by a robust CAGR of 7.6% in global beer sales over the next decade.

The beer market is a dynamic and diverse sector within the global beverage industry. Over the years, the beer market has experienced notable shifts driven by

changing consumer preferences
evolving brewing techniques
an increasing demand for unique flavor profiles

Microbreweries revolutionized the beer industry by tapping into previously untapped market segments. The key brewing giants are effectively adapting to this trend, leveraging their organizational strengths to meet this new challenge head-on. They recognized the need for product differentiation. Hence, they skillfully wielded differentiation tools while preserving elements of their existing business model. This strategic approach enabled them to capitalize on their inherent cost efficiencies and extensive distribution networks.

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The beer market stands poised to reap the rewards of the burgeoning popularity of no/low alcohol alternatives. This trend has seen significant acceleration due to the prevailing health and wellness concerns. Notably, beer commands a substantial share of the no/low market. Additionally, this segment benefits from more lenient restrictions on e-commerce sales. It also receives greater flexibility in terms of distribution.

Consumers nowadays are increasingly drawn toward no-alcohol varieties, valuing the unequivocal message of zero alcohol content. Ale beer was the sole segment to demonstrate volume growth in 2022. This shift is attributed to different key factors, including

An uptick in product quality
The diminished societal stigma surrounding no/low consumption
A burgeoning array of choices

The ready-to-drink (RTD) segment emerged as the standout performer in the beverage alcohol industry in 2022. It is drawing consumers in with its convenience, portability, and attractive attributes like low sugar, calorie, and carbohydrate content. Among the various offerings within the category, hard seltzers were pivotal in driving beer market growth in 2022. This surge was primarily fueled by escalating consumption in the United States, where maximum hard seltzers are malt-based. It was also driven by their expansion into international markets from a relatively different base.

The evolving landscape of at-home consumption has seen a remarkable transformation. This is particularly accelerated by the surge in entertainment streaming services and online food delivery platforms. This shift has prompted brewers to engage with e-commerce in unprecedented ways. Between 2020 and 2022, numerous beer companies experienced significant upsurge in their e-commerce sales. For instance, Heineken’s direct-to-consumer platform in Europe, Beerwulf, witnessed a remarkable feat, doubling its revenue in the first quarter of 2021.

Companies are increasingly recognizing e-commerce as a self-contained channel. As a result, they are dedicating specialized teams and strategies to it rather than viewing it merely as an extension of traditional retail. They are also becoming more accustomed to the potential of specialized beer e-commerce platforms.

China and the United States emerged as particularly promising markets for ongoing beer e-commerce expansion. China leads the world in alcohol e-commerce but has room for beer growth. At the same time, the United States is poised for growth driven by

Eased restrictions
Heightened consumer engagement
The expanding omni-channel approach favoring beer and other beverage categories

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Key Takeaways from the Beer Market Report:

In 2022, the global beer market size stood at US$ 759.1 billion.
The United States is leading the beer industry with a 19.7% global market share in 2023.
In 2023, China’s beer industry closely tracks the United States, holding a 9.8% global market share.
Germany emerged as a prominent player in the European beer industry, capturing a 6.5% global market share in 2023.
The market is spearheaded by the retail segment, commanding 36.50% of the global market in 2023.
Ale beer type is the leading segment, with a 33.50% share of the global market in 2023.

Recent Developments Observed by FMI in the Beer Market:

In July 2023, Bira 91, the renowned India-based brand, inaugurated its introductory taproom in Haryana. This fresh establishment is going to feature an exclusively tailored menu along with a selection of curated cocktails. Guests can delight in a choice of 16 draft beers. For the first time, the venue also intends to house a merchandise store.

In March 2023, to commemorate Beck’s remarkable 150-year journey, the brewery embarked on an exciting endeavor by taking up pioneering AI technology. Beck’s introduced a groundbreaking creation to the world – Beck’s Autonomous. They leveraged AI’s remarkable capacity to consolidate decades of human knowledge, craftsmanship, and ingenuity.

Key Companies Operating in the Beer Market

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 Beers India Limited (AB InBev)
Radico Khaitan Ltd.
Beijing Enterprises Holdings Limited
Dogfish Head Craft Brewery, Inc.
Squatters Pubs and Craft Beers
Sierra Nevada Brewing Co.
The Boston Beer Company, Inc.

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Key Segments Covered in the Beer Market Report

By Product Type:

Ale
Lager
Stouts
Others

By Packaging:

Can
Bottle
Glass
Others

By Production:

Macro-brewery
Microbrewery
Craft Brewery
Other

By Distribution Channel:

Direct
Indirect
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Independent Retailers
Online Retailers

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
The 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Stepping Up: Waterproof Shoe Covers Market Sloshes Towards US$ 61.33 Billion with a 5.6% CAGR by 2033

The waterproof shoe cover market is projected to be a US$ 61.33 billion juggernaut by 2033, boasting a healthy CAGR of 5.6%. Decision-makers in the safety and hygiene industries, this is your chance to step into a flourishing market. Here’s why you should lace up for success:

Beyond Rain or Shine: Protecting Shoes & Preventing Contamination:

A Barrier Against the Elements: Waterproof shoe covers safeguard footwear from rain, mud, and other environmental hazards, appealing to a broad customer base.
Hygiene Hero in Hospitals & More: Shoe covers are essential in healthcare settings, preventing the spread of germs and protecting both staff and patients.
Maintaining Cleanliness Across Industries: From food service to hospitality, shoe covers promote hygiene practices in diverse industries, ensuring clean environments.

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Rubber Reigns Supreme with Added Benefits:

Liquid Protection & Safety: Waterproof rubber shoe covers offer superior protection against liquids, chemicals, and even electrical hazards.
Durable Choice for Harsh Environments: Their denser material makes them ideal for construction sites, industrial settings, and challenging weather conditions.

A Market Driven by Global Trends:

Heightened Hygiene Awareness: The COVID-19 pandemic has significantly increased awareness of hygiene practices, fueling demand for shoe covers.
Booming Healthcare & Food Industries: The growth of these sectors, particularly in Asia Pacific, creates a high demand for disposable shoe covers.
Innovation for Diverse Needs: New entrants are developing specialized shoe covers for athletic and recreational activities, broadening the market reach.

A Decision-Maker’s Guide to Growth:

Prioritize Protection & Functionality: Focus on developing high-quality shoe covers that offer superior protection against various elements and promote safety.
Cater to Diverse Industries: Expand your product range to meet the specific needs of healthcare, food service, construction, and recreational users.
Embrace Innovation: Invest in R&D to develop innovative and comfortable waterproof shoe cover solutions for a wider audience.
Sustainability Matters: Explore eco-friendly materials and manufacturing processes to appeal to environmentally conscious consumers.

The waterproof shoe cover market is a walk in the park – or rather, a confident stride towards success. By prioritizing protection, hygiene, and catering to diverse industry needs, your brand can become a leader in this rapidly growing market.
Waterproof Shoe Covers Market: – Key Players

The key players in the waterproof shoe covers are

Cordova Safety Products
Royal Shoe Cover
Protexter Corporation
Nelson-Jameson Inc.
Safety Zone
Tian’s International
BlueMed
McKesson
CME Corp

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Waterproof Shoe Covers Market: – Market Dynamics

Cleanliness and disinfection are important factors while working in sectors such as the food sector, hospitality, medical sector, and others.

By adopting hygiene practices along with sanitation and by using equipment like gloves, shoe cover and hairnet helps in cutting down contamination in the environment. Shoe covers are required in various sectors for various purposes.

Shoe covers in the medical environment are used to protect the staff, and patients against liquids, spatters, and chemicals that may pose a danger. It also helps in protecting contaminations.

In the food industry, shoe covers are a critical asset for keeping processing plants, cafeterias, and restaurants clean. Shoe cover helps in protecting from the spills which are a significant safety hazard that happens too often. So the shoe covers that have anti-skid patterns on the sole are used to decrease the slipping incidents and promote safety.

Demand is increasing for Waterproof Rubber Shoe Covers

Demand is increasing for Waterproof rubber shoe covers as the rubber shoe covers protect the user from all types of liquids. The significant benefit of rubber cover is its refusal to conduct electricity. In a situation that involves the possibility of an active electric current becoming threat, rubber shoe covers are used for defense.

The rubber shoe covers reduce the risk of falls and injury as well as reduces contaminations. Rubber shoe cover is thicker than the plastic shoe cover and is suitable for harsh weather and natural elements that can damage the footwear of the user.

However, the rubber shoe is tear-resistant and can withstand in a harsh environment, so the demand is increasing for waterproof rubber shoe covers.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Waterproof Shoe Covers market.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Waterproof Shoe Covers market attractiveness as per segments.

The report on Waterproof Shoe Covers market also maps the qualitative impact of various factors on Waterproof Shoe Covers market segments and geographies.

Author

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Packaged Bread Market Primed for US$ 4,180.8 Million Growth by 2033 | FMI

The global packaged bread market is forecast to expand at 5% CAGR over the estimated time, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 2,535 million in 2023.

Clean label and functional bread are becoming increasingly popular owing to their supposed health benefits and stimulating appearance. This bread can be fortified with legumes like chickpeas or lentils to elevate the bread’s protein content.

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Another potential innovation in the field of packaged bread can be the inclusion of a filling. These fillings can be savory or sweet. The bread market is highly influenced by the adoption of modern lifestyles. This takes into account cultural diversity, mobility, flexibility, and discernment of other cultures.

Forces such as concern for the health quotient of bread are also propelling the demand for organic bread, fortified bread, etc. Implementation of the 3D scanner to tackle the issue of image recognition on conveyor belts is also projected to enhance the end outcome of packaged bread.

Top Highlights:

The packaged bread industry in North America has been driven by the early adoption of technological innovations in the region. The United States had captured a seemingly large share in 2022, holding a 21.2% market share.
The German packaged bread industry has accumulated a significant 8.9% market share in 2022.
As per FMI estimates, Japan acquired a 2.9% market share in 2022.
India is anticipated to witness explosive growth in the assessment period. The country is forecast to expand at 12.6% CAGR over the following years.
China is projected to register a 6.8% CAGR through 2033.
In Europe, the United Kingdom is anticipated to expand at 7.3% CAGR in the upcoming years.
Based on nature, the organic segment is projected to procure more than 14.6% markets share in 2023.
Based on packaging, the packaged sandwich is predicted to obtain a maximum share of more than 32.4% in 2023.

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How are Competitors Expanding Their Customer Base?

Packaged bread manufacturers are investing in advertising their products on social media platforms and in-store displays. The innovation team of these companies is tasked with creating innovative products that are in sync with consumer trends. Moreover, it also does not require substantial up-front capital investment.

Firms are also focusing on strengthening their capability. Owing to the planning of a robust pipeline of extra new products by manufacturers. They can attract more customers to their offering. Manufacturers are further emphasizing expanding their distribution channels in new territories, thus propelling future growth.

Following are Recent Key Developments:

Moulins Dumée launched the Chanvrine flour blend in 2022 to be used by bakeries. Chanvre is French for hemp. In addition to this launch, the company also came up with flaxseed and hemp-fortified bread. The bread is rich in omega-3 fatty acids and fiber.
Grupo Bimbo extended its geographic presence in India via acquisitions in October 2021, crushing a local company Kitty Bread.
Bimbo Bakehouse, which is a Bimbo Bakeries United States division, launched a new line of 5 speciality buns. It is designed for food service operators functioning in the country.
Almarai procured Bahrain and the United Arab Emirates operations of Bakemart. The firm is a developer of packaged and baked products, for a total of US$ 25 million, in the March of 2021.

Key Players Operating:

Associated British Foods Plc
DuPont™ Danisco
Fuji Baking Co. Ltd
Angel Bakeries
Allied Bakeries (Kingsmill)
Agrofert Holding AS
Britannia Industries Ltd
Almarai Company
Harrys (Barilla G. e R. Fratelli S.p.A)
Bimbo Bakeries USA
Others

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Key Segmentation:

By Nature:

Organic
Conventional

By Product Type:

Sandwich Bread
Rolls & Buns
Tortillas, Pitas & Wraps
Frozen Bread
Crisp Breads
Dough & Crusts
Others

By Application:

Bakery Products
Confectionery Items
Frozen Desserts
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The 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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Nandini Singh Sawlani

Commercial Countertop Ranges Market Set to Hit US$ 15.8 billion by 2033

The global commercial countertop ranges market is projected to reach a valuation of US$ 11.4 billion by 2023. With an increasing demand for compact and portable cooking equipment, the market is expected to grow at a steady CAGR of 3.3% from 2023 to 2033, reaching approximately US$ 15.8 billion by 2033.

Advancements in technology are identified as a significant driver fueling the growth of the commercial countertop ranges market. Manufacturers are introducing countertop ranges with advanced controls, precise temperature management, and other features aimed at enhancing cooking efficiency and consistency. Additionally, models with WiFi connectivity enable chefs to remotely monitor and control their cooking equipment, further contributing to market expansion.

Changing consumer preferences also play a pivotal role in driving market growth. With a growing focus on healthy and locally sourced food, there is an increasing demand for equipment that aligns with these trends. Countertop ranges equipped with energy-efficient cooking methods and the ability to cook multiple dishes simultaneously are particularly appealing to foodservice operators striving to meet evolving consumer demands.

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Growth Factors

Energy efficiency has emerged as a paramount concern in the commercial kitchen equipment sector. As one of the primary energy consumers in the foodservice industry, commercial kitchen equipment significantly impacts operational costs for restaurants and food establishments. Moreover, high energy consumption contributes to environmental degradation through greenhouse gas emissions. Consequently, there’s a rising call for energy-efficient solutions, including commercial countertop ranges.

Energy-efficient commercial countertop ranges offer dual benefits of cost savings and environmental sustainability. These ranges utilize innovative technologies like induction heating, infrared heating, and precise temperature control to deliver rapid and efficient cooking while minimizing energy consumption. Furthermore, manufacturers are integrating smart features into commercial countertop ranges, empowering operators to monitor energy usage and optimize settings for enhanced energy efficiency. As the demand for sustainable practices continues to surge, the development and adoption of energy-efficient commercial kitchen equipment, including countertop ranges, are expected to witness steady growth.

Key Companies

CookTek
Panasonic Holdings Corporation
The Vollrath Company
Garland Group
Elecpro
APW Wyott
Equipex
True Induction Cookware
Globe Food Equipment Co.
Lincat Limited
Buffalo Cookware
Fisher & Paykel Appliances Limited

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Segmentation

By Type:

Countertop Gas Ranges
Countertop Electric Ranges
Countertop Induction Ranges and Induction Cookers
Heavy-Duty Gas Countertop Ranges

By Power Source:

Gas
Electrical

By Power Rating:

120 V
240 V

By End User:

Restaurants
Hotels
Canteens
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Disposable Lab Coats Market: Shielding Success with a Staggering US$ 413 Billion Growth Projection by 2033

The tide is turning in the lab coat market, and disposable solutions are riding a wave of success! Projected to reach a staggering US$ 413 Billion by 2033 with a phenomenal CAGR of 8.6%, the disposable lab coat market offers a golden opportunity for decision-makers in the healthcare and PPE industries. Here’s why you should become a part of this winning formula:

A Post-Pandemic Boom in Healthcare:

COVID-19 and the Rise of PPE: The pandemic’s lasting impact highlights the crucial role of personal protective equipment (PPE) in healthcare. Capitalize on the ongoing demand for disposable lab coats.
Enhanced Protection for Healthcare Workers: Disposable lab coats offer a vital layer of protection against contaminants, safeguarding medical professionals on the frontlines.

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Beyond Healthcare: A Broader Market Reach:

Laboratory Safety First: Laboratories across various industries, from biotechnology to pharmaceuticals, prioritize safety measures. Position your brand as a leader in disposable lab coat solutions.
Research & Development on the Rise: Increased R&D activities across diverse sectors propel the need for disposable lab coats as essential protective gear.

Disposable Advantages: Cost-Effectiveness & Convenience:

Smart Investment: Disposable lab coats offer a cost-effective alternative to traditional reusable garments, eliminating washing and maintenance needs.
Convenience Reigns Supreme: Easy disposal minimizes contamination risks and simplifies workflow in busy lab environments.
Promoting Hygiene Practices: Disposable lab coats help prevent cross-contamination by eliminating the need for washing and reusing potentially contaminated garments.

A Decision-Maker’s Roadmap to Success:

Focus on Protection: Prioritize the development of high-quality disposable lab coats that offer superior protection against various hazards.
Target Diverse Industries: Expand your product range to cater to the specific needs of healthcare, research laboratories, and various industry settings.
Convenience is Key: Emphasize the ease of use and disposal of your disposable lab coats, streamlining workflows for users.
Sustainability Matters: Explore innovative and eco-friendly materials for your disposable lab coats to appeal to environmentally conscious customers.

The disposable lab coat market is a flourishing landscape ripe for investment. By prioritizing protection, convenience, and catering to diverse industry needs, your brand can establish itself as a leader in this rapidly growing market.

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Market Dynamics

Over the last few years, consumers have given hygiene as their top priority. At present, continuously development of technologies and innovation is making it easy for the manufacturers to produce new products in consumer sanitary category such as disposable bed sheets. The use of disposable bed sheets has become an economical choice for consumers around the world.

The growing trend of visiting spa and salons have also more popular in recent past. Male are also seen to become a part of this trend. Thus, the use of disposable bed sheets in spa and salons has become more essential as consumer choose spa and salons over hygiene criteria. Technological innovation in manufacturing sector has helped the companies to innovate or produce new products or features in disposable bed sheets.

For instance, in 2018, Peel Away Labs, developed a multi-layered disposable bed sheets which consist of several layers and can use by pilled away the upper layer. The multi-layered disposable bed sheets are considered 32% softer than traditional bed sheets.

According to Lou Leibhaber, former Chief Operating Officer at Lehigh Valley Hospital and Health Network stated, two nurses take around 15 minutes to change a bed sheet while patient is on bed. In contrast, using multi-layered disposable bed sheets can reduce the work time from 15 minutes to 1 minute and one nurse is sufficient to do the job.

As a recent trend, it has been observed that the increasing use of disposable bed sheets are emerging in home for quick and one time usage and protection from incontinence and spills. Eco-friendly disposable bed sheets are on rise and are emerging in the market. The growing trend of using ecofriendly product has pushed the manufacturers to come up with ecofriendly disposable bed sheets.

Disposable Bed Sheets Market: Regional Outlook

The disposable bed sheets are gaining traction owing to high demand in hospitals, nursing homes, clinics and salon & spa. The need for disposable bed sheets are primarily derived from developed countries such as North America and Europe. Growing number of hospitals in developed regions are expected to drive the sales of disposable bed sheets.

Moreover, hygiene conscious consumers also fuel the usage of disposable bed sheets in salon & spa which is expected to further drive the demand for disposable bed sheets in developed region. East Asia and South Asia is expected to grow at a significant pace during the forecast owing to increasing number of healthcare facilities in the region.

Moreover, growing medical tourism in China, India have also pushed the Asia Pacific sanitary market which in result, drive the disposable bed sheets in East Asia and South Asia. Oceania is expected to boost the disposable bed sheets market owing to higher demand in healthcare facilities. Advance healthcare infrastructure and growing hygiene awareness among consumers have fueled the usage for disposable bed sheets in the region.

Latin America is also expected to gain a significant market share while Middle East and Africa (MEA) is expected to grow slower than other regions due to slower development of healthcare facilities as compared to other regions.

Disposable Bed Sheets Market: Key Players

The global disposable bed sheets market represents a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on innovation and new product development. Some of the key players in disposable bed sheets market are Medline Industries, Inc., 3M Healthcare, BM plus spol. s r.o., Medisafe, Jaipur – Jackson Care, EconoGroup, Beaucare DermeandCo. and others.

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Market Segmentation

The disposable bed sheets market is segmented into different categories based on the product type, nature, price, application, sales channel and region.

Based on product type

Waterproof
Oilproof
Non-Woven

Based on nature

Eco-friendly disposable bed sheets
Regular disposable bed sheets

Based on price

High
Economy/Mid-Range

Based on application

Home
Salon & Spa
Hospital
Other

Based on sales channel

Direct Sales
Supermarkets/Hypermarkets
Pharmacies & Drug Stores
Specialty Outlets
Independent Small Stores
Beauty Specialist Stores
E-Retailers
Other Sales Channel

Author

About Future Market Insights (FMI)

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Nandini Singh Sawlani

High Performance Barrier Films Market is Expected to Reach at a US$ 25.6 Billion by 2033 | FMI

The global high performance barrier films market is anticipated to reach a valuation of US$ 12.5 billion in 2023, driven by growing demand for sustainable packaging. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 7.4% between 2023 and 2033, and reaching a total valuation of approximately US$ 25.6 billion by 2033.

One of the major factors contributing to the growth of the high performance barrier films market is the advancements in Barrier Film Technology. Ongoing research and development efforts have led to innovations in barrier film technology. Manufacturers are continually enhancing film properties, such as barrier performance, mechanical strength, and heat resistance. The advancements cater to the specific needs of diverse industries, including food and beverages, pharmaceuticals, electronics, and agriculture.

The global population’s growing appetite for packaged food and beverages has fueled the demand for high performance barrier films. The films protect perishable goods from contaminants and maintain their freshness, thereby reducing food spoilage and waste. The rising demand for convenience foods, ready-to-eat meals, and on-the-go packaging further drives the growth of barrier films in the food and beverage sector.

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Industries, especially food, pharmaceuticals, and cosmetics, are emphasizing the extension of shelf life for their products. High performance barrier films play a crucial role in preserving the quality and longevity of goods by preventing the penetration of moisture, oxygen, and other harmful elements, and this factor has become paramount, given the global supply chain and distribution challenges.

Key Takeaways from the Market Study

Global high performance barrier films market was valued at US$ 11.7 billion by 2022-end.

From 2018 to 2022, the market demand expanded at a CAGR of 3.2%.
Asia Pacific is expected to hold a dominant CAGR of 7.3% during the forecast period.

By material type, polyethylene terephthalate (PET) segment is expected to constitute a CAGR of 7.3% in 2033.
On the basis of end-user, food & beverage segment is expected to dominate the market with a CAGR of 7.3% in 2033.

From 2023 to 2033, high performance barrier films market is expected to flourish at a CAGR of 7.4%.
By 2033, the market value of high performance barrier films is expected to reach US$ 25.6 billion.

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Growing healthcare and pharmaceutical industries, across the globe, is a major factor that is expected to propel the growth of the high performance barrier films market in the near future, remarks an FMI analyst.

Competitive Landscape

Some of the recent developments are:

In October 2023, Amcor announced the acquisition of Print & Packaging Farma, which is a Spanish flexible packaging company that specializes in the production of high barrier films for the pharmaceutical industry. The acquisition will strengthen Amcor’s position in the pharmaceutical packaging market and allow the company to offer a wider range of products and services to its customers.
In September 2023, Toppan announced the opening of its new manufacturing facility in Most, Czech Republic. The new facility is expected to produce high barrier films for the food, beverage, and pharmaceutical industries.
In August 2023, Jindal Poly Films Limited announced the launch of its new line of high barrier films for the pharmaceutical industry. The new line of films offers excellent oxygen and moisture barrier properties, making them ideal for packaging pharmaceutical products that require a high level of protection.

More Valuable Insights Available

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

To understand opportunities in the high performance barrier films market, the market is segmented on the basis of material (polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), polystyrene (PS), polyvinyl chloride (PVC), and polylactic acid), by type (bags & pouches, stand-up pouches, retort, non-retort, tray lidding films, forming webs, wrapping films, and blister pack base webs), and by end-use (food & beverage, pharmaceuticals, electronics, construction, agriculture & allied industries, and others), 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 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

Non-Alcoholic Beer Market on Track for 8% CAGR, Aiming for US$ 45,019.5 Million Valuation by 2033

The global non-alcoholic beer market is forecast to expand at 8% CAGR over the estimated time, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 21,345 million in 2023.

The growth of the non-alcoholic beer industry is underpinned by the surge in consumers seeking alternative options to alcoholic beverages. Producers, to meet the gap, are introducing healthier drinking options for those who do not drink alcohol. This, as a result, is fostering inclusivity and product sales.

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Consumers are deliberately seeking beverage options that enhance their social life, without compromising on health and wellness. Capitalizing on this budding trend, manufacturers are offering new versions of non-alcoholic beer, with enhanced composition and taste.

As per industry giants, the growth of the non-alcoholic beer portfolio is being propelled by multiple brand extensions and domestic launches. Additionally, smart drinking initiatives goaded by Global Smart Drinking Goals are also spurring demand for no/low alcohol beers.

Companies are increasingly becoming intentional about shifting social norms and influencing consumer behaviors. Thereby, adopting business practices that leave a tangible imprint in lessening the harmful use of alcohol across the globe.

With the expanding range of no-and-low alcohol beers, companies are promoting a culture of responsibility among their consumers.

On the competition front, beer giants like Heineken and AB InBev are introducing new products consistently. The market is also experiencing the emergence of independent brewers such as Athletic Brewing to cater to users searching for healthy drinking alternatives.

The companies are also investing heavily in product innovation to exploit the soaring interest in non-alcoholic beverages.

Top Highlights from the FMI’s Analysis of the Non-alcoholic Beer Industry:

The United States market, in 2022, acquired a 31.2% share of the global market.
The German non-alcoholic beer industry attained a market share of 8.2% by the end of the historical period.
Japan and Australia, both gained 4% and 2.4% market share, respectively, in 2022.
India has been speculated to expand at a prominent CAGR of 9% in the years to follow.
China, a little behind of India in terms of CAGR, is projected to expand at 8.3% CAGR over the estimated time.
The United Kingdom is expected to register a CAGR of 7.2% during the projection period.
Based on product type, alcohol-free beer grabbed the maximum share of 81.2% in 2022.
By the end of the historical period, the plain category of non-alcoholic beverages acquired a total of 73.4%.
The share of online stores contributed to over 11.2% of the global market.

Stay Updated with Recent Developments in the Non-alcoholic Beer Industry

In June 2022, AB InBev (NYSE: BUD) introduced Corona Cero, a new non-alcoholic beer. The beverage is made of 100% natural ingredients and is best-served cold accompanied by a wedge of lime. Corona Cero has made its debut in ten European countries. With the launch of this product, the company aims to encourage customers to drink smart.
In July 2019, AB InBev entered into the non-alcoholic beer segment in India with its maiden offering of Budweiser 0.0. This launch is in line with the company’s smart drinking goals. Budweiser 0.0 has been available across modern retail channels, e-commerce, and dominant departmental stores in cosmopolitan cities of India.

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Non-alcoholic Beer Market by Category

By Product:

Alcohol-free
Low Alcohol

By Category:

Plain
Flavored

By Material:

Malted Grains
Hops
Yeasts
Enzymes
Others

By Sales Channel:

Convenience Stores
Liquor Stores
Supermarkets
Restaurants & Bars
Online Stores

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani