Market Research Blog – Page 3120 – New Product Development

Global Brewing Supplies Market Projected to Grow at an Average 5.6% CAGR, Reaching US$ 2,511.1 Million by 2033 | FMI Analysis

The global brewing supplies market is poised for dynamic expansion, driven by an impressive Compound Annual Growth Rate (CAGR) of 5.6% projected from 2023 to 2033. Industry experts foresee this upward trajectory propelling the market’s value from its 2023 figure of US$ 1,456.2 million to an impressive US$ 2,511.1 million by the culmination of 2033.

This notable surge in growth stems from pivotal factors reshaping the global brewing supplies landscape, with the burgeoning popularity of craft beer serving as a primary catalyst. Discerning consumers worldwide are increasingly seeking unique, artisanal brews, fueling a substantial demand for advanced brewing supplies to meet this ever-expanding market. The industry’s unwavering dedication to excellence seamlessly aligns with the evolving preferences of consumers, laying the groundwork for a vibrant and prosperous future in the brewing industry.

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The increasing shifts in consumer preference will likely open up new avenues of growth for the brewing supplies market. Millennials, by and large, are opting to try new flavors and products. As a result of this, there’s been a notable surge in the demand for different beer products. For instance, high demand for India Pale Ale (IPA) has been noted in the past few years. Thus, to cater to consumer preferences, many key breweries are using more malt to balance the hop flavor of IPA.

Key Takeaways:

The risk of expensive sales tasks, high employee turnover that has proved to be quite costly to the overall business, and issues like obesity and addiction associated with overconsumption are certain factors that may restrict the growth of the market.
The introduction of the craft movement, the rising urban population, and a desire for experimentation will drive breweries to seek out advanced supplies which augur well for the market.
Increasing number of breweries will drive the demand for craft beer brewing equipment in Germany. This aspect will encourage the growth of the German brewing supplies market.
Asia Pacific will emerge as a lucrative pocket for the brewing supplies market as the region houses some of the world’s fastest developing economies.
By application, the commercial purposes segment will be immensely profitable during 2023 and 2033.

More Insights into Brewing Supplies Market:

In its latest report, FMI offers an unbiased analysis of the global brewing supplies market, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type, application, category, and region.

According to the latest FMI reports, based on segmentation, the commercial application segment will dominate the international space. This category will contribute significantly to the overall market growth owing to the growing consumption of beer.

Based on region, the brewing supplies market in Germany will demonstrate remarkable growth. The target market in this country will dominate the European market. This is due to the surge in the number of breweries in Germany, growing sales of craft beers, a rising population, and a strong economy. India and China will also exhibit considerable growth in the brewing supplies market during the forecast period.

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Competitive Landscape:

Paul Mueller, Meura, Kaspar Schulz, Hypo Group, and Micet, among others, are some of the significant players in the brewing supplies market profiled in the full version of the report.

Prominent market players are focusing on releasing innovative products. These businesses are keen on introducing and developing new products along with adopting various organic and inorganic strategies to enhance their market position.

Brewing Supplies Market Outlook by Category:

By Product:

Fermentation Unit
Brew House Unit
Filtration System
Maturation Unit
Others (Milling unit, Malting, Tank pump, etc.)

By Application:

Commercial Purpose
Industrial Purpose

By Category:

Nano /Micro Brewery
Macro/ Industrial Brewery

By Region:

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

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Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

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

Contact Us:

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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Global Beverage Processing Equipment Market Projected to Drive Revenue of US$ 12.8 Billion by 2033, Growing at a Steady 4.9% CAGR

The global beverage processing equipment market is driven by a noteworthy Compound Annual Growth Rate (CAGR) of 4.9% over the next decade. By the year 2033, the market aims to achieve a valuation of US$ 12.8 billion, reflecting a substantial increase from the recorded US$ 7.7 billion in 2023.

The global beverage scene has witnessed a seismic shift in recent years, characterized by profound diversification in consumer preferences. The escalating demand for a diverse range of beverages, spanning alcoholic, non-alcoholic, and dairy categories, underscores this transformation. This evolving landscape has ignited a fervent pursuit of innovation within the industry, propelling the quest for advanced beverage processing equipment.

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The Asia Pacific region is a booming market for both alcoholic and non-alcoholic beverages, according to FMI. Beer and soft drink consumption is mainly dominated by China and India. Increased demand for beverages, particularly alcohol and soft drinks, has stemmed from the rising population, globalization, and increasing preference for western lifestyles.

Beverage companies are now paying more attention to the population of the emerging middle class in developing nations in Asia, the Pacific, the Middle East, and Africa. In order to meet the exponential demand in an increasingly cutthroat market where consumption of both alcoholic and non-alcoholic beverages is quickly rising, producers in these regions are working to own extremely adaptable and sustainable processes.

Key Takeaways from the Beverage Processing Equipment Market Study:

The beverage processing equipment industry in France is expected to witness a CAGR of 4.7% during the forecast period (2023 to 2033).
The Germany beverage processing equipment industry is expected to continue to dominate Europe till 2033 and generate a share of US$ 1.9 Billion.
The demand for beverage processing equipment is projected to grow at a CAGR of around 5.7% over the next ten years in the U.K.
The global market for beverage processing equipment is expected to rise from US$ 7.7 Billion in 2023 to US$ 12.8 Billion in 2033.
Sales of beverage processing equipment are expected to rise at a CAGR of 4.9% during the forecast period.

Emerging Trends Shaping the Beverage Processing Equipment Market:

The beverage industry is experiencing rapid growth and holds significant promise for the future. The operation of beverage processing facilities necessitates a considerable amount of electricity to power various equipment, including plant machinery, refrigeration systems, lighting, and other mechanical processes.

Within the beverage industry, certain critical processes such as pasteurization and evaporation rely heavily on thermal energy. Pasteurization, in particular, plays a pivotal role in eliminating harmful pathogens and deactivating enzymes, ensuring the safety and quality of beverages. However, it’s important to note that these processes consume substantial energy resources, primarily in the form of electricity and other fuels.

This heightened energy consumption in pasteurization and related procedures has led to a notable surge in demand for specialized equipment such as milk pasteurizers and milk homogenizers. These devices are engineered to optimize energy usage while maintaining the requisite high standards of quality and safety in beverage processing.

Key Players Profiled:

Tetra Laval (Switzerland)
Brawn Mixer (Netherlands)
Paul Mueller Company (USA)
GEA Group (Germany)
KHS GmbH (Germany)
Dover Corporation (USA)
Neologic Engineers (India)
Alfa Laval (Sweden)
Krones Group (Germany)
Bucher Industries (Switzerland)
SPX Flow (USA)
JBT Corporation (USA)
Steplead International Co., Ltd.(China)
Luwico Group Co., Limited (China)
Pentair (USA)
Bettcher Industries, Inc. (USA)
Heat and Control, Inc. (USA)

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Beverage Processing Equipment Market Outlook by Category:

By Product Type:

Beverage Mixers & Blenders
- Tumbler Blender
- Ribbon Blender
- Paddle Mixer
- Agitator
- Emulsifiers
- Milk Homogenizers
- Heavy Duty Mixers
Sugar Dissolvers
Heat Exchanger
- Shell and Tube Heat Exchanger
- Plate Heat Exchangers
- Plate and Shell Heat Exchanger
- Adiabatic Wheel Heat Exchanger
- Plate Fin Heat Exchanger
Brewery
- Fermentation Equipment
- Brew House Equipment
- Carbonation
- Control & Monitoring
- Filling & Packaging
- Mashing Equipment
- Milling Equipment
Filtration
- Sedimentation Equipment
- Gravity Filtration Equipment
- Centrifugal Separators
- Clarifiers
- Thickeners
Others (Cooling Tunnel, Storage Tanks, Milk Pasteurizer, and Crushers)

By Beverage Type:

Alcoholic
Non-alcoholic
- Carbonated
- Non-Carbonated
Dairy-Based Beverages

By Automation Grade:

Automatic
Semi-automatic

By Region:

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

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Security Bags Market Bags Growth: Projected to Reach US$ 943.2 Million by 2033

The global security bags market is on a secure growth trajectory, poised to reach US$ 943.2 million by 2033, according to a recent analysis by Future Market Insights (FMI). This signifies a robust Compound Annual Growth Rate (CAGR) of 6.6% from its 2023 valuation of US$ 498 million.

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Surge in Secure Packaging Drives Market Growth

The demand for security bags and seals is driven by the increasing investments in secure packaging solutions. This is evident by the impressive year-over-year growth of 8.6% in 2023. Several key factors are fueling the security bags market:

E-commerce Boom: The rapid expansion of the e-commerce industry, coupled with the growing adoption of online retail channels by small and medium-sized businesses, is propelling demand for tamper-proof security bags for secure courier services.
Demand Across Industries: Security bags are finding increasing applications in various industries beyond e-commerce, including retail, healthcare, banking and finance, and postal services. Their ability to enhance the protection and safety of valuable items is driving their demand.
Sustainability Focus: Manufacturers are shifting towards biodegradable materials to create multifunctional and sustainable options. This caters to the growing emphasis on environmentally responsible packaging solutions.
Reusable Innovation: The market is witnessing a rise in reusable security bags, addressing the demand for sustainable packaging options.

Looking Ahead: Regional Growth and Opportunities

United States Leads the Way: The United States market is expected to remain dominant, driven by the presence of a robust pharmaceutical industry that necessitates secure packaging solutions. Stringent regulations governing pharmaceutical packaging further contribute to the market’s growth in this region. In 2022, the US held a significant market share of 20.4%, valued at US$93.6 million.
Barcodes and QR Codes: The introduction of barcodes and QR codes on security bags streamlines tracking and identification, offering an added layer of security and convenience.
Food & Beverage Industry: The high adoption rate of security bags in the food and beverage industry presents significant growth opportunities.

A Secure Future for Security Bags

The global security bags market is poised for a secure future, fueled by rising security concerns, the evolving e-commerce landscape, and the adoption of sustainable packaging solutions. With continuous innovation and a growing emphasis on security across industries, the security bags market is expected to witness a steady climb in the coming years.

Key Drivers

Increasing usage of opaque security bags for storing valuables in hotel vaults and personal items of hospital patients owing to their visually concealing and recycling attributes is spurring the sales of opaque security bags.
Implementation of strict regulatory standards to standardize pharmaceutical packaging in the U.K., the U.S., Germany, and other countries is encouraging pharmaceutical companies to invest in security bags, which is expected to drive the growth in the market.

Key Restraints

Implementation of stringent regulation concerning the use of plastic across the U.S., China, India, and others is restraining the growth in the plastic raw material type segment.
Low durability and wear & tear characteristic of paper compared to other materials such as fabric, is hampering the sales of security bags made of paper.

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Key players

Ampac Holdings LLC.
Coveris Holdings S.A.
Mega Fortris
KOROZO Ambalaj San.ve Tic A.S.
Harwal Ltd

key players:

Ampac Holdings LLC.
Coveris Holdings S.A.
Mega Fortris
KOROZO Ambalaj San.ve Tic A.S.
Harwal Ltd

By Raw Material Type:

Plastic
- HDPE
- LDPE
- PVC
- Others
Paper
Fabric

By Product Type:

Opaque
Clear

By Application:

Cash/Coin Deposit Bags
Strap Bags
Card & Dice Bags
Evidence Bags
Pharmaceutical Distribution Bags

By End-Use:

Financial Institutions
Hospitals
Casinos
Hotels
National Retail Companies
Government Organizations
Courier Services Companies
Academic Institutions

Region

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

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About Future Market Insights (FMI)

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

Contact 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

Global Safety Valve Market Forecasted to Drive Past US$ 10.0 Billion by 2033, Driven by an Impressive CAGR of 8.6% | FMI Analysis

The global safety valve market totalled US$ 4.0 billion in 2022 and is set to reach US$ 4.4 billion by 2023. Over the forecast period, global demand for safety valves is predicted to surge at 8.6% CAGR. By 2033, total revenue is projected to reach US$ 10.0 billion.

The oil and gas sector is anticipated to continue as the primary end-user of safety valves throughout the assessment period. This is attributed to the increasing demand for safeguarding equipment, pipelines, and the safety of workers within this industry. According to the latest report, this segment is projected to demonstrate an 8.2% compound annual growth rate (CAGR) through 2033.

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Several factors are expected to drive safety valve demand. These include rapid industrialization, the growing need for improving workplace safety, and implementing stringent safety regulations. Safety valves have become critical components in food & beverage, chemical, pharmaceutical, oil & gas, and others for improving safety. The ability of these valves to protect equipment and workers from overpressure situations and reduce contamination is driving their demand in industrial settings.

The rising incidence of workplace accidents and a growing focus on improving workplace safety are expected to drive demand for safety valves. These valves can prevent accidents and failures related to systems’ overpressure, helping maintain a safe working environment.

Safety valves are increasingly used in systems like Industrial boilers, pipelines, and heaters in the energy sector. Hence, the rapid expansion of energy infrastructure due to growing demand will likely create opportunities for safety valve manufacturers. Other factors expected to create growth opportunities for the safety valve manufacturing companies include:

Increasing oil & gas activities.
Rising demand for intelligent valves.
Growing awareness of process safety.

Key Takeaways from the Safety Valve Industry Analysis:

Global safety valve sales are expected to reach US$ 10.0 billion by 2033.
By material, the stainless steel segment is forecast to thrive at 8.4% CAGR through 2033.
The oil & gas segment is expected to experience significant expansion with a CAGR of 8.2% based on end-use.
The United States is estimated to total a valuation of US$ 1.7 billion by 2033.
Japan is set to register a CAGR of 8.4% between 2023 and 2033.
Total revenue in China is anticipated to reach US$ 1.9 billion by 2033.
South Korea is projected to progress at 8.0% CAGR through 2033.
Sales in the United Kingdom will likely soar at a CAGR of 8.3% through 2033.

“Growing awareness about the importance of safety valves in several industrial processes, including power generation and food manufacturing, is anticipated to boost demand through 2033. Key companies are investing in novel valve technologies to stay ahead,” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Recent Developments:

In February 2022, new valves for improving safety and hygiene in the food, beverage, dairy, and pharmaceutical industries were launched by GEA.
In August 2022, Alfa Laval acquired Desmet, a prominent leader in engineering and supplying processing plants and technologies for the biofuel and edible sectors.

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More Insights Available:

In its new offering, Future Market Insights (FMI) presents an unbiased global safety valve industry outlook, presenting historical data (2018 to 2022) and forecast statistics from 2023 to 2033.

The study reveals projections based on material (stainless steel, cryogenic, cast iron, alloy, and others), end-use (oil & gas, chemical, building & construction, agriculture, metal & mining, food & beverages, and others), and region (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and Middle East and Africa).

Safety Valve Market Segmentation:

By Material:

Stainless Steel
Cryogenic
Cast Iron
Alloy
Other Materials

By End Use:

Oil & Gas
Chemical
Building & Construction
Agriculture
Metal & Mining
Food & Beverages
Other End Uses

By Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Global Forged and Casting Component Market Projected to Exceed Valuation of US$ 17,146.7 Million by 2033, Driven by an Average 6.0% CAGR

The global forged and casting components market value observed a 5.2% year-on-year growth in 2022 and is estimated to reach US$ 9,591.6 million in 2023. Over the assessment period, global sales of forged and casting components are projected to rise at 6.0% CAGR, culminating in a market size of US$ 17,146.7 million by 2033.

Demand for forged and casting components is anticipated to remain high in the automotive segment. This is due to the rising need for lightweight, strong, and durable components in the automotive sector. The target segment is poised to exhibit a CAGR of 5.5% through 2033.

Several factors are expected to spur growth in the forged and casting components market. These include rapid industrial growth, rising demand for strong and lightweight components, and technological advancements in forging and casting processes.

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Forged and casting components are gaining immense popularity across diverse industries due to their strength, durability, and versatility. These specialized components are made from materials like aluminum alloys using different processes.

Robust penetration of industrialization is expected to boost the global forged and casting components market. Subsequently, the growing usage of forged and casting components across automotive, aerospace, defense, and other industries is fuel demand.

Forged components are widely used in applications like aircraft engines, heavy machinery, and automotive components, where strength and durability are critical. Cast components are used in applications like pumps, valves, and other industrial equipment where a complex shape is needed.

Rising trends like the shift towards electric vehicles and lightweight materials in the automotive sector are projected to bolster forged and casting component sales. These components allow automakers to reduce overall vehicle weight and improve efficiency.

Increasing construction projects and expansion of the renewable sector are other factors expected to fuel demand for forged and casting components. As a result, the target market is set to register healthy growth through 2033.

Key Takeaways from the Forged and Casting Components Market Report:

The global market is projected to reach a valuation of US$ 17,146.7 million by 2033.
By material type, the aluminum alloy 7xxx series segment is set to account for a market share of 3% in 2023.
By component type, the automotive segment is expected to thrive at 5% CAGR.
The United States industry is predicted to reach US$ 2,264.0 million by 2033.
Sales in Germany are expected to surge at 9% CAGR through 2033.
China’s market is anticipated to total US$ 4,002.7 million by 2033.

“Rapid industrial growth globally and surging demand for fuel-efficient vehicles are expected to create lucrative growth prospects for forged and casting component manufacturers. To gain maximum profits, key companies are expanding their portfolios and exploring novel manufacturing processes,” – says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.

Who is Winning?

Robert Bosch GmbH, ZF Friedrichshafen AG, Denso Corporation, Continental AG, Thyssenkrupp AG, Magna International, Faurecia, Valeo S.A and others are key forged and casting component manufacturers listed in the report.

Top companies are adopting several strategies to boost their revenue and expand their presence. These strategies include new product launches, investments in research and development, partnerships, acquisitions, collaborations, facility expansions, etc.

Recent Developments in the Forged and Casting Component Market:

In February 2022, two new bearings for electric vehicles were launched by Schaeffler AG.
In September 2021, Thyssenkrupp started production of the world’s most advanced forging line in Germany’s Saarland region.

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Forged and Casting Component Market Segmentation:

By Component Type:

Automotive
- Engine Components
- Transmission Components
- Structural Components
- Suspension Components
- Exhaust System Components
- Powertrain Components
- Interior Components
- Exterior Components
- Others
Aerospace
- Safety Critical Structural Parts
- Non-Safety Critical Parts
Arms & Defense
- Mobility
- Arms & Gear
High-Performance Electronics & Automation
- Heat Management
- Electronic-Housings
- Automation Structural Parts
Food & Beverage
- Structural Components
- Functional Components

By Material Type:

Aluminum Alloy 2xxx Series
Aluminum Alloy 3xxx Series
Aluminum Alloy 5xxx Series
Aluminum Alloy 6xxx Series
Aluminum Alloy 7xxx Series

By Manufacturing Process:

Casting Process
- Sand Casting
- Die Casting
- High-Pressure Die Casting
- Others
Forging Process
- Open Die Forging
- Closed Die Forging
- Upset Forging
- Precision Forging
Rheocasting Process
Others

By Sales Channels:

OEM
Aftermarket

By Region:

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

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Author:

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

About Future Market Insights (FMI)

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Nandini Singh Sawlani

FMI Projects Global Miter Saw Market to Surpass Valuation of US$ 1,788.50 Million by 2034, Driven by a Steady CAGR of 4.80%

The global miter saw market value is expected to rise from US$ 1,087.6 million in 2024 to US$ 1,788.50 million by 2034. This estimated growth is expected to be driven by a moderate CAGR of 4.80% in the miter saw market over the next decade.

Home renovation and DIY projects are increasing across the globe. With rising investments to elevate living spaces, miter saw sales consistently grow. Surging home improvement projects, spurred by a desire to personalize private spaces, enhance the market scope. The growth in manufacturers that develop convenient miter saws and give professional-level results is pushing the market growth.

The increasing affordability of complex power tools is further contributing to the product’s demand. Additionally, efforts to bring manufacturing efficiencies and technological advancements have contributed to increasing the accessibility of miter saws to a broader customer base. In addition to this, the growing wealth of online tutorials that demystify the use of milter saw is supporting investments in milter saw for crafting projects.

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The use of advanced technological features in milter saws and consistent demand to enhance the experience of construction activities are projected to uplift sales of milter saws in upcoming years.

“Key players are working on product affordability and versatility to boost its adoption among the wide-scale population. Additionally, players are expected to find significant growth in emerging economies where construction projects can be implemented,” -Says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.

Key Takeaways from the Miter Saw Market Report:

Europe acquired a market share of 26%, whereas North America captured a market share of 23% in 2023.
The United States is expected to register a CAGR of 4.4% in North America through 2034.
Europe, Germany, and the United Kingdom are anticipated to attain CAGRs of 4.2% and 4.4%, respectively, through 2034.
In Asia Pacific, recent estimates display India to record 5.5% CAGR and China to register 5.3% CAGR through 2034.
Woodworking is a leading end user of milter saw, which attained a 24% market share in 2023.
Benchtop is a significantly requested product type, which acquired a market share of 27% in 2023.

Strategies Employed by Leading Players Operating in the Milter Saw Market:

Milter saw players concentrating on gaining high-value acquisitions to further their motive of capturing a larger market share. Key players are launching advanced products and employing strategies like collaborations, partnerships, and mergers to increase market penetration.

Players are leaving no stone unturned in increasing their market presence by using their social media presence and employing different marketing campaigns. Additionally, they are strengthening their distribution channels to reach customers far and wide.

Key Players Operating in the Miter Saw Market:

CR Laurence
DeWalt
Craftsman
Genesis
Hitachi
Makita
Festool
Bosch
Chicago Pneumatic
Jet
TruePower
ATE Tools
Others

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Global Miter Saw Market Segmentation:

By Product Type:

Basic
Benchtop
Compound
- Single Bevel
- Dual Bevel
Sliding
Others (if any)

By Mobility:

Corded
Cordless

By Power Capacity:

Up to 1000 Watts
1000 to 1500 Watts
1500 to 2000 Watts
Above 2000 Watts

By End Use:

Domestic
DIY Tasks
Arts & Crafts
Professional
- Woodworking & Furniture
- Metal Fabrication
- Construction & Flooring Solution
- Others
MRO Services
- Automotive
- Marine
- Aerospace
- Other Industrial

By Sales Channel:

Direct
Indirect
- Online
- Distributors
- DIY Stores

By Region:

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

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Author:

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

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Global Bead Winding Machine Market Expected to Drive US$ 1,281.70 Million Revenue by 2034, Fueled by a Steady CAGR of 2.50%

The global bead winding machine market is predicted to capture a valuation of US$ 972.4 million in 2024 with a CAGR of 2.50% during the forecast period. The global market is anticipated to secure a valuation of US$ 1,281.70 million by 2034.

Manufacturers are adopting intelligent and cutting-edge technology to develop automatic bead winding machines for making highly efficient tires that attract end users’ requirements. These manufacturers are innovative new ideas and collaborate with essential players to gain knowledge, strategies, and ideas to fuel the market growth.

Increasing consumer demand for high-performance vehicles and motors significantly increases the adoption of bead winding machines. The rising requirements for enhancing the production processes faster are surging the demand for bead winding machines in the automotive sector. Rising highly skilled workers ensure these devices’ safety, quality, and performance, significantly fuel the market growth.

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Manufacturers are focused on maintaining quality by adopting stringent regulations, which are gaining popularity among consumers. The demand for automatic bead winding is increasing for flexible and off-road driving experiences. These manufacturers integrated various advanced technologies such as the Internet of Things and advanced sensors to enhance the machine’s efficiency to work faster and more conveniently.

Consumers seeking fuel efficiency, seamless work, and sustainable practices are raising the global market revenue. These consumers are looking for premium and luxury cars that significantly boost the sales of the bead winding machine market.

“The growing popularity of multi-wire bead winding machines due to automatic process control is expanding the market growth. Innovation in bead winding machine is bringing cost-effective solutions and reduced labor workload to offer premium quality with sizable production.” opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Key Takeaways:

The bead winding machine market is registering a CAGR of 2.50% between 2024 and 2034.
The United States is expected to register a CAGR of 2.10% by dominating the global market by 2034.
India is anticipated to capture a CAGR of 3.20% of the global market in 2034.
Germany is anticipated to register a CAGR of 1.90% in the global market in 2034.
China significantly drives the global market with a CAGR of 3.0%.
With a CAGR of 2.10%, the United Kingdom is rapidly advancing globally.
The single-bead category is estimated to lead the global market during the forecast period.
Passenger cars are likely to register a maximum share of the global market by 2034.

Key Players in the Bead Winding Machine Market

The global market is highly fragmented by crucial players that develop cost-effective, durable, and excellent automotive tires and other components. These players are adopting sustainable practices to build these devices, gaining vast popularity in the market. Key players bring innovative and intelligent ideas to expand the market size. They visit numerous events, exhibitions, shows, festivals, and online platforms to highlight their brand identity.

These players are adopting various marketing methodologies to gain market revenue, including collaboration and mergers. Key players are taking customer feedback to maintain product transparency and boost sales. These players are the backbone of businesses that innovate multiple ideas and thousands of innovations to stay ahead of competitors.

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The Top Key Players in the Bead Winding Machine Market

Bharaj Machineries Pvt Ltd
VMI Group
Kobe Steel, Ltd
Tianjin Saixiang Technology Co, Ltd
Herbert Maschinenbau GmbH & Coo. KG
Cimcorp
Lorenz Pan AG
MEC A/S
Strongman Group

Key Segments Covered in the Bead Winding Machine Market

By Configuration:

Single Bead
Multi-spinder Bead
Automatic Bead
CNC Bead
High-speed Bead

By Application:

Passenger Cars
Commercial Vehicles
Off-road Vehicles
Industrial Machinery
Agriculture Machinery

By Region:

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

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Author:

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

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Nandini Singh Sawlani

FMI Predicts Global Internal Gear Pump Market to Gear Up for US$ 857.2 Million by 2034, Growing at a Steady CAGR of 4.2%

The internal gear pump market is worth US$ 529.1 Million in 2023. The demand for internal gear pumps is expected to surge at a CAGR of 4.2% over the forecast periods. The global internal gear pump industry is estimated to reach US$ 857.2 Million by 2034, rising from US$ 552 Million in 2024.

The internal gear pump industry is being propelled by several key drivers that underscore its significance in various sectors. One notable driver is the increasing demand for efficient and reliable pumping solutions across industries such as oil and gas, chemicals, and automotive.

Internal gear pumps are lauded for their ability to handle diverse fluids with precision, making them a preferred choice in applications requiring consistent and controlled flow rates. Additionally, advancements in technology, including the integration of smart sensors and monitoring systems, enhance the performance and reliability of internal gear pumps, further driving their adoption in critical processes.

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The internal gear pump industry is poised for growth with promising opportunities on the horizon. As industries increasingly prioritize sustainability, the inherent design advantages of internal gear pumps, such as their ability to handle viscous fluids and offer precise metering, position them as environmentally friendly alternatives. Moreover, the rising focus on process optimization and energy efficiency presents an avenue for the internal gear pump industry to thrive.

Key Takeaways from the Global Internal Gear Pump Market Study Report:

The United States enjoys the presence of some leading internal gear pump manufacturers, and the market is expected to advance at a 3.8% CAGR through 2024.
In Europe, the United Kingdom is currently leading the market, with sales of internal gear pumps projected to progress at a 3.8% CAGR through 2024.
China is the leading manufacturer of internal gear pumps in Asia, and the market is anticipated to follow a 4.7% CAGR through 2034.
The market in India is expected to witness lucrative industrial growth at 4.9% CAGR through 2034.

“The higher adoption of gear pumps due to their better resistance to abrasive or corrosive fluid drives their demand in various industries. The integration of automation and smart control features with hydraulic gear pumps has also increased its attractiveness industries purposes in recent years,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape in the Internal Gear Pump Market:

The global hydraulic internal gear pump market has turned highly fragmented and competitive after the emergence of many regional manufacturers in the last few years. Advanced industrial technologies are now accessible to equipment manufacturers across all countries after globalization which is driving the growth of regional players.

Recent Developments by the Internal Gear Pump Manufacturing Industries:

In April 2021, EnviroGear company introduced its E Series magnetically coupled seal-less internal gear pumps. It is an eco-friendly, long-lasting positive displacement pump with an inventive design that efficiently stops leaks and minimizes mechanical wear, improving both the environment’s and site workers’ safety. Also, with its unique between-the-bearing support mechanism, it stands out from the competition based on its superior manufacturing and short lead times.
In May 2021, Eckerle company developed an EIPC internal gear high-pressure pump created specifically for use in injection molding machine technology. This innovative product can be used in speed-regulated fixed hydraulic functions that are run at set pressures of as high as 250 bar. Along with a great price-to-performance ratio for systems where cost factor is a key consideration, it also has an extended lifespan and operates with minimum sound and vibration. The company also claims the Eckerle EIPC industrial pump can tolerate a high peak pressure of up to 320 bar and is simple to pair up to produce many pumps.

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Key Players Operating in the Global Internal Gear Pump Industry:

Bosch Rexroth
Sumitomo Precision
Viking Pump
Dover
NOP
Voith
Tuthill
Yuken
SPX FLOW
Bucher Hydraulics
Haight Pumps
Hydac International
Daido Machinery
HSP
Shangai Heshan Pump
Taibang
Chongqing Huanzhou Pumps
Hannuo Pump

Internal Gear Pump Market Segmentation Analysis:

By Product Type:

Steel Pumps
Cast Iron Pumps
Other Pumps
Heavy-duty Pumps

By End-use Industry:

Chemical Industry
Marine Industry
Oil & Gas Sector
Food & Beverage Companies
Other End-use Applications

By Region:

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

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Author:

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

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Nandini Singh Sawlani

Global Industrial Paper Cutter Market Projected to Surpass Valuation of US$ 1,368.20 Million by 2034, Driven by a Steady CAGR of 3.60%

The industrial paper cutter market is anticipated to grow significantly over the next decade, with a projected valuation of US$ 998.5 million by 2024. The increasing demand for efficient paper-cutting solutions across various industries, such as publishing, printing, and packaging, is one of the key factors driving this growth. Technological advancements and automation in paper-cutting operations are expected to contribute to a CAGR of 3.60% over the forecast period. This growth is expected to continue, and the market is estimated to be valued at US$ 1,368.20 million by 2034, offering substantial opportunities for industry players.

The market growth is further expected to be driven by factors such as the need for precision cutting, improved safety, and reduced wastage of paper, which are crucial for the smooth operation of businesses in paper-based industries.

Industrial paper cutters have become an increasingly popular choice in large government and commercial spaces for their ability to handle and dispose of confidential documents securely. As a result, the demand for these machines has continued to grow, especially with the deployment of paper-cutting equipment in various organizations. Their efficiency and reliability make them an essential tool for ensuring document security while also improving workflow efficiency.

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Digitization and the surge of e-commerce present significant obstacles for the market and its domestic participants. Moreover, the ever-changing prices of raw materials considerably hinder the growth of the paper cutter machine market.

Data security and the protection of sensitive information have become essential to organizations recently. Global security protocol adherence has increased as a result of this trend, which is predicted to increase demand for security goods and services. This development presents enormous economic prospects, especially for manufacturers.

“The industrial paper cutter market is experiencing growth owing to the rising demand for efficient paper processing in industries such as printing and packaging. Furthermore, the market expansion can be attributed to the growing need for automation and productivity improvement in these sectors.” – says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.

Key Takeaways from the Industrial Paper Cutter Market:

Electric type commands a substantial market share of 28.0% in 2024, emerging as the predominant choice.
Printing & publishing businesses secure a robust market lead, claiming a solid 21.0% market share in 2024.
The industrial paper cutter industry in the United States is predicted to grow at a stable rate of 3.20% through 2034.
The paper cutter machine market in Germany is predicted to rise at a sluggish 3.0% CAGR through 2034.
The industrial paper cutter industry in Japan has the potential to increase at a modest 2.70% CAGR through 2034.
Australia’s industrial paper cutter industry is predicted to rise at a 3.30% CAGR through 2034.
China’s paper cutter machine market is estimated to develop at a CAGR of 4.10% through 2034.
The demand for industrial paper cutters in India is anticipated to expand at a 4.30% CAGR through 2034.
The industrial paper cutter industry in the United Kingdom is predicted to grow by 3.20% through 2034.

Competitive Landscape of the Industrial Paper Cutter Market:

The global industrial paper cutter market is subject to continuous evolution, fueled by strategic collaborations, joint ventures, product innovation, mergers and acquisitions, and novel inventions. These factors drive the market’s ongoing development, which caters to an expert audience with a sound understanding of technical details. Companies that operate in this market aim to expand their business and attract a vast customer base by utilizing strategic partnerships and diverse marketing strategies. Additionally, market players are moving toward online sales channels and introducing new offers to boost their sales.

Leading Key Players in the Industrial Paper Cutter Market:

Heidelberg
Polar-Mohr
Morgana
Safeline
KGM
Dahle
Challenge Machinery
Mimaki
Horizon
Schneider
J. Schwabe and Co.
Hofman & Schwabe
Zhejiang Sanfeng Machinery Co., Ltd.
Chongqing Huashan Machinery Co., Ltd.
Tianjin Ruijie Machinery Co., Ltd.
Jiangsu Chuangfeng Machinery Co., Ltd.
Zhejiang Hongye Machinery Co., Ltd.

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Recent Developments in the Industrial Paper Cutter Market

In 2022, Polar-Mohr introduced the Polar N 130 Plus, a new automated guillotine cutter. It has cutting-edge safety features like two-hand operation, an automatic shut-off system, and a safety guard. The device is made to handle large amounts of paper precisely.
In 2021, Schneider unveiled the Schneider X72P, a brand-new industrial paper-cutting equipment with several automation capabilities designed for high-volume production. A robotic arm that can independently load and unload paper is one of these features.
In 2020, a paper cutting equipment designed for high-speed cutting in an industrial setting was revealed by Heidelberg. The new Speedmaster XL 106 can cut up to 150 pages per minute, making it a highly efficient industrial paper processing tool.

Industrial Paper Cutter Market Segmentation:

By Product Type:

Manual Type
Electric Type
CNC Type

By Automation:

Rotary Paper Cutter
Stack Paper Cutter
Guillotine Paper Cutter
Hydraulic Paper Cutter
Form cutter

By Application:

Kraft Cardboard
Corrugated Paper
Coated White Board
Gray Cardboard
Other

By End Use:

Pre-press Printing
Printing And Publishing
Paper Mill Processing
Paper Packaging

By Region:

North America
Europe
Asia Pacific
Latin America
The Middle East & Africa

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Author:

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

About Future Market Insights (FMI)

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Nandini Singh Sawlani

Masking Tape Market Sticks to Growth Trajectory: Projected to Reach US$ 8,800.8 Million by 2034

The global masking tape market is on an upward trajectory, with estimations indicating a value of US$ 5,651.7 million in 2024, surging to an impressive US$ 8,800.8 million by 2034, boasting a robust Compound Annual Growth Rate (CAGR) of 4.5%. The market witnessed a valuation of US$ 5,358.7 million in 2023, reflecting the accelerating pace of growth and adoption within various industries.

Driving Forces:

The burgeoning building and construction sector spearheads the rapid expansion of the masking tape market. Beyond their traditional role in painting applications, masking tapes find versatile utility in labeling resources, contributing significantly to the market’s proliferation.

The surge in demand for eco-friendly solutions, epitomized by the advent of ‘eco-tapes’, further fuels market expansion. Manufacturers are responding to consumer preferences for sustainable products, driving innovation and diversification within the masking tape landscape.

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Key Market Trends:

1. Growth in the Automotive Sector: The automotive industry emerges as a key driver for masking tape demand, leveraging these tapes for precision painting and detailing processes. The intricate designs and multi-color schemes of modern vehicles necessitate the use of masking tapes, propelling market growth. Moreover, the rising adoption of luxury cars in regions like the Middle East & Africa and Asia Pacific amplifies demand, fueled by economic prosperity.

2. Easy Use and Convenience: Masking tapes offer consumers unparalleled convenience and efficiency, particularly for indoor activities. Their availability in extra-thin paper enables precise paint jobs, even on sharp edges, while their easy removal without residue enhances usability. The low-tacking property of masking tapes finds applications across renovation, furniture, decorative painting, and more, aligning with the growing demand for sustainable practices.

Growth Drivers in the Masking Tapes Industry:

Expanding Construction Activities: Increasing construction projects worldwide fuel demand for masking tapes, driven by their critical role in painting and surface protection during building and renovation.
Automotive Industry Boom: The automotive sector’s growth is a significant driver, with masking tapes being essential in automotive painting processes, creating a surge in market demand.
DIY Home Improvement Trend: The rising trend of do-it-yourself (DIY) home improvement projects boosts the masking tapes market as consumers use these tapes for various tasks such as painting and crafting.
Advancements in Adhesive Technologies: Ongoing innovations in adhesive technologies, including improved bonding and residue-free removal, contribute to the increased adoption of masking tapes across diverse industries.
COVID-19 Pandemic Impact: The ongoing focus on hygiene and safety protocols, particularly in healthcare settings, drives the demand for masking tapes for secure and efficient sealing of protective equipment and packaging.

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Some of the leading companies:

PPI Adhesive Products (C.E.) s.r.o.
3M Company,
Shurtapes Technologies LLC.,
Intertapes Polymer Group Inc.,
Nitto Denko Corp,
tesa SE Group
Ahlstrom Corporation
Saint-Gobain Performance Plastics Corporation
PPI Adhesive Products (C.E.) s.r.o.
Berry Global Group Inc.

Key Takeaways:

By 2030, overall value of masking tapes industry will reach US$8.06 Bn
In 2020, nearly 66.9% of materials used in masking tapes production were paper
More than 90% of masking tapes sold worldwide are single-sided and over 50% sold have rubber-based adhesive
Masking tapes are more commonly used in painting applications, which is expected to surge at 4.7% between 2020 and 2030
Building and construction applications will continue rising. In 2020, the industry exhibited maximum demand for masking tapes

“Through 2030, nearly 40% of masking tape applications will be attributed by building and construction sector. This is one sector that will have exclusive attention from industry players. Companies are expected to launch cost-effective masking tapes and go-to tapes to offer industrial masking solutions. In line with soaring focus on the environment, some of them, including Monta, have launched compostable tapes. This will create ample growth opportunities for the market,” said a lead analyst at FMI.

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Masking Tapes Industry Key Segment

By Backing Material Type

Foam
Glass Fiber
Foil
- Aluminium Foil
- Lead Foil

Paper
- Crepe Paper
- Washi Paper
- kraft Paper
- Flatback Paper
Plastic
- Polymide(PI)
- PVC/Vinyl
- Polyethylene Terephthalate/Polyster
- Fluropolymer

By Product Type

Single Sided
Double Sided

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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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Nandini Singh Sawlani