USA Skilled Nursing Facility Market Poised for Growth Projected Value of US$251.94 Billion by 2032 at a CAGR of 3.32%

USA Skilled Nursing Facility Market

The USA skilled nursing facility market is projected to expand steadily, with a projected value of US$251.94 billion by 2032. This is an anticipated 3.32 percent compound annual growth rate from a base of US$181.74 billion in 2022.This growth is driven by several key factors:

  • High Demand for Cost-Effective Care: Skilled nursing facilities offer high-quality care at a significantly lower cost compared to hospitals, making them a desirable option for many patients.

  • Aging Population: The US is experiencing a rapid rise in its geriatric population. With more people living longer, the demand for skilled nursing facilities that cater to their specific needs is expected to increase.

  • Chronic Disease Prevalence: The growing prevalence of chronic diseases like diabetes, paralysis, and hypertension among the elderly population further fuels the need for specialized care offered by skilled nursing facilities.

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Challenges and Adaptations

The COVID-19 pandemic undeniably impacted the skilled nursing facility market, with initial restrictions on admissions due to concerns about infection outbreaks. However, the industry has shown resilience by implementing innovative solutions:

  • Infection Control Technologies: Skilled nursing facilities have adopted wireless videoconferencing technologies to facilitate communication between patients, families, and staff while minimizing infection risks.

  • Improved Patient Experience: Facilities are increasingly providing internet access in patient rooms, enhancing communication and overall patient experience.

Looking Ahead: A Sustainable Market:

The financial stability of skilled nursing facilities is greatly reliant on the availability of government healthcare programs such as Medicare and Medicaid. Furthermore, the increased prevalence of chronic illnesses, especially cardiovascular disease—which, according to the American Heart Association, affects nearly 82.6 million Americans—highlights the ongoing necessity for these specialized care facilities.

What Effect Has Competition Had on the US Market for Skilled Nursing Facilities?

Because there are numerous local enterprises, the market for skilled care facilities in the United States is fragmented. Companies are diversifying the services they offer. Maintaining competitive prices is another challenge.

Some of the key market players are Life Care Services; Golden Living Centres; Life Care Centres of America Corporate; Peninsula Behavioral Health; Sava Senior Care Administrative Services LLC; Lincare, Inc. Genesis Healthcare; Brookdale Senior Living Solutions; The Ensign Group; Inc; Extendicare; Sunrise Senior Living; LLC; Life Care Services; Golden Living Centres; Life Care Centres of America Corporate; Peninsula Behavioral Health; Sava Senior Care Administrative Services LLC; Lincare, Inc.

These players in the US skilled nursing facility market are constantly working on new product development, employing various strategies such as mergers and acquisitions, partnerships, collaborations, and more.

Recent Development:

Acquisition:

  • Amedisys announced the acquisition of Contessa Health, a leading hospital, and skilled care facility company, in June 2021. The company hopes to expand its home care capabilities through this acquisition by adding more advanced acute care home hospitals and skilled home care facilities with advanced analytics platforms and expanding network management.
  • In December 2020, The Ensign Group, Inc. purchased Hays Nursing and Rehabilitation Center, a 116-bed skilled nursing facility in Texas.

Expansion:

  • Approximately 10,293 nursing facilities had received Paycheck Protection Program loans totaling approximately US $ 5.7 billion by March 2021. This program was created as part of the CARES Act and was expanded by the Consolidated Appropriations Act, of 2021, to help businesses retain employees during the pandemic.

Contract:

  • In February 2021, OMEGA Healthcare signed a US $ 150 million contract with HealthPeak Property to acquire Brookdale Senior Living in the United States.

Partnership:

  • Genesis Healthcare announced a real estate partnership with Next Health Capital in February 2019 that will involve 15 SNFs. This strategy will help the SNF expand its presence and cater to more patients.

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Key Players:

  • Genesis Healthcare
  • Brookdale Senior Living Solutions
  • Lincare, Inc.
  • The Ensign Group, Inc
  • Extendicare
  • Sunrise Senior Living, LLC
  • Life Care Services
  • Golden Living Centers
  • LifeCare Centers of America Corporate
  • Peninsula behavioral health
  • Sava Senior Care Administrative Services LLC

Key Segments:

By Type:

  • Freestanding
  • Hospitals

By Ownership:

  • For-Profit
  • Non-Profit
  • Government

By Region:

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

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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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Popularity of Cassava Bags Breaks Historical Records through Sustainable and Cost-effective Solutions for Consumers | FMI

Cassava Bags Market
Cassava Bags Market

The global cassava bags market is estimated to secure a CAGR of 7.6% during the forecast period. The market is anticipated to capture a valuation of US$ 66.93 million in 2023 and reach US$ 139.23 million by 2033.

Manufacturers Bring Sustainability by Developing Cassava Bags

Cassava bags are a potentially sustainable alternative compared to traditional plastic bags. Manufacturers bring an idea behind cassava bags to limit environmental pollution. These bags contribute to reducing pollution and harm to the ecosystem.

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Here are some aspects that manufacturers bring to promote sustainability by developing cassava bags:

  • Raw Material Sourcing: Cassava bags are made up of cassava starch, which promotes renewable and biodegradable resources. Due to its eco-friendly nature, consumers prefer to increase the adoption of cassava bags. Cassava is a plant in tropical regions widely used for bag production due to its excellent quality raw material.
  • Biodegradability:Cassava bags are biodegradable and easy to decompose without spreading hazardous and toxic to the environment. Compared to traditional bags, cassava bags can break naturally without reducing marine and land ecosystems.
  • Reduced Carbon Footprint:Cassava bags have a lower carbon footprint than traditional plastic bags. They are locally sourced and reduce transportation emissions to promote sustainability.
  • Water Efficiency: Cassava requires less water than other crops used in bag production.
  • Non-toxic Production Process:The production of cassava bags is less toxic to the environment than conventional plastics production.
  • Supporting Local Economies: Farmers are growing cassava to generate their economy through its raw materials. These farmers and local communities live by cultivating cassava, which brings lucrative opportunities.
  • Advocacy for Regulatory Change: Manufacturers developing cassava bags to promote sustainability by advocating policies and regulations. It helps them to create favorable market growth.

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Key Takeaways:

  • The global cassava bags market is estimated to secure a valuation of US$ 139.29 million with a CAGR of 7.6% by 2033.
  • Thailand is estimated to dominate the global market by securing a maximum share during the forecast period.
  • Based on category, the organic segment is estimated to lead the global market by 2033.

Key Players Achieving Their Goals in the Global Market

Key players play a crucial role in the global market by investing huge amounts in research and development activities. These players drive the global market by adopting various marketing tactics such as mergers, acquisitions, collaborations, and agreements. The key is uplifting the market by offering consumers unique, cost-effective, improved, and advanced products.

They are implementing new ideas to upsurge the market size to another level to achieve their goals. These players are trying to collect maximum revenue through marketing strategies, branding, and international promotion.

Recent Developments in the Global Market are:

In 2021, DRDO announced its collaboration with Ecolastic Private Limited and Acharya Nagarjuna University. This collaboration took place for developing plant-based biodegradable bags for food materials.

Cassava Bags Market by Segmentation

By Type:

  • Grip-Hole
  • T-Shirt
  • Garbage

By Category:

  • Organic
  • Conventional

By End User:

  • Food & Beverages
  • Animal Feed

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The 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.

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Exploring Opportunities in the Booming Powdered Soft Drinks Market with a 3.4% CAGR Forecast | FMI Projection

Powdered Soft Drinks Market
Powdered Soft Drinks Market

The powdered soft drinks market is estimated to be US$ 12.3 billion in 2023. The market is expected to expand at a CAGR of 3.4% to surpass a valuation of US$ 17.3 billion by 2033.

One of the key trends driving the powdered soft drinks market is the increasing demand for convenience and portability. With busy lifestyles and on-the-go consumption becoming increasingly common, consumers are looking for quick and easy options that can be consumed on the move. A powdered drink mix is ideal as it is lightweight, easy to prepare, and conveniently carried in a backpack or gym bag.

Demand sustains in the powdered soft drinks industry with a rising focus on health and wellness, given the consequences of obesity. The quest for products with lower sugar content and fewer calories among health-conscious consumers makes sugar-free powdered drink mixes preferable. Additionally, the demand for sugar-free powdered drink mix catches attention as a refreshing beverage and is gaining popularity over traditional soft drinks.

The powdered cola drink mix flavor is also growing, with consumers seeking unique and customizable beverage options. Powdered cola drink mix offers a variety of flavor options, allowing consumers to mix and match flavors to create their custom beverages. This flexibility and variety drive sales in the powdered cola drink mix segment.

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Key Takeaways from the Powdered Soft Drinks Market:

  • The orange flavor is expected to be the most popular in the global powdered soft drinks industry, with a CAGR of 4.2% from 2023 to 2033.
  • Pouches and sachets packaging are gaining traction in the global powdered soft drink market, with a 3.3% CAGR from 2023 to 2033.
  • With a CAGR of 5.5% from 2023 to 2033, online stores are expected to be the leading sales channel in the global powdered soft drinks industry.
  • During the projection period, the powdered soft drinks industry in the United States is estimated to reach a market size of US$ 3.1 billion at a CAGR of 2.5%.
  • With a CAGR of 3.9% throughout the forecast period, China’s powdered soft drink market is predicted to reach a value of US$ 2.0 billion.
  • With a CAGR of 4.4% throughout the forecast period, Brazil’s powdered soft drink market is predicted to grow to a value of US$ 1.3 billion.
  • India’s powdered soft drinks industry is anticipated to grow at a CAGR of 5.4% to US$ 1.3 billion by the end of the research period.
  • With a CAGR of 1.6% over the forecast period, Italy’s powdered soft drink market is anticipated to grow to a value of US$ 650.0 million.

Who is Winning?

The competitive landscape for the Powdered Soft Drinks industry is highly fragmented, with many players operating in the market. Some of the key players in the market are PepsiCo, Inc., Nestle S.A., The Coca-Cola Company, Dr. Pepper Snapple Group, Inc., Mondelez International, Inc., and Kraft Foods Group, Inc. These players are focusing on expanding their product portfolios and improving their distribution networks to gain a competitive advantage in the market.

Many players invest heavily in research and development to introduce new and innovative products. They are also using strategic partnerships, mergers, and acquisitions to strengthen their position in the market. For instance, in 2018, PepsiCo announced the acquisition of SodaStream International Ltd. to expand its product portfolio in the powdered soft drinks market.

Moreover, players focus on sustainable and eco-friendly packaging solutions to appeal to the growing demand for environmentally friendly products. They are also investing in advanced technologies to improve the efficiency and sustainability of their production processes.

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Global Powdered Soft Drinks Market: Segmentation

By Flavor:

  • Cola
  • Orange
  • Lemon
  • Mango
  • Apple
  • Berry
  • Mixed Fruit
  • Others

By End Use:

  • Institutional
  • Foodservice/HoReCa
  • Household (Retail)

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Discount Stores
  • Mass Grocery Retailers
  • Wholesale Club Stores
  • Foodservice
  • Others

By Packaging:

  • Carton Boxes
  • Pouches & Sachets
  • Cans
  • Bulk Packaging

By Region:

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

Author by:

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.

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Global Vacation Rental Website Market: Trends, Growth, and Projections | 12.1% CAGR Forecast

A survey published by FMI projects that the worldwide vacation rental websites market would grow to US$ 1,482.6 Mn in 2022. Its value is expected to rise to US$ 4,640.2 Mn in 2032 at a promising CAGR of 12.1%.

The tourism sector is expanding due to the fact that millennials are spending more on travel, vacations, and housing. Of the 200,000 million passengers worldwide, millennials spend around 180 billion US dollars on travel each year.

The lower cost of vacation rentals compared to hotels with similar facilities is one of the factors drawing guests to them. 64% of travellers preferred vacation rentals over hotels, per a 2019 TurnKey Vacation Rentals poll.

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According to Airbnb statistics, there are currently 2.9 Mn hosts on its platform, and over 14,000 new hosts join every month. In addition to the 220 countries where Airbnb operates, there are over 100,000 cities with active Airbnb listings as of 2021.

There has been a significant increase in consumer awareness of services and offerings due to social media and the internet. A variety of services and exotic locations are being offered by key players to gain market share, as well as services specifically tailored to female travelers.

A platform called Golightly began operating in January 2020. There is also an option for male guests to rent from this platform, which is run by women and exclusively available for female guests. Over 350 properties are owned by the company worldwide.

Key Takeaways from the Vacation Rental Website Market

  • The global autonomous drone platform market is projected to reach US$ 4640.2 Mn by 2032.
  • The market registered a CAGR of 12.1% between 2022 and 2032.
  • The growth of the market is attributed to instant booking together with an easy online payment structure.
  • The market growth is hindered by a low conversion of leads to bookings due to the risk of fraudulent vacation rentals.
  • Based on country, the U.S. is one of the most influential markets for vacation rental websites and contributes greatly to the growth of the North American market share.

Competition Landscape in the Vacation Rental Website Market

Several vendors compete for market share by deploying organic and inorganic growth strategies for vacation rental websites, which are highly fragmented. There has been an increase in the level of competition in the market. Due to this, vendors are adopting various growth strategies, such as promotional activities and advertisements, in order to increase the visibility of their products.

It has also been observed that some vendors are adopting inorganic growth strategies such as mergers and acquisitions to remain competitive in the market. According to estimates, more than 60 percent of new businesses aim to improve profitability by improving hospitality, attracting new clients, and making data-driven decisions.

BookingSync, CiiRUS, Kigo Inc., Virtual Resort Manager, LiveRez, OwnerRez, 365Villas, and Convoyant9flats Pvt Limited are some of the key players in the vacation rental websites market.

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Recent Developments in the Vacation Rental Website Market

  • In December 2021, Booking Holdings Inc. acquired Getaroom from Court Square Capital Partners for USD 1.2 billion. The company intends to increase the value of its pipeline as a result of this acquisition.
  • In October 2020, TripAdvisor announced the launch of two revolutionary technology solutions for hotels, Spotlight and Reputation Pro.

Vacation Rental Website by Category

By Property Type, the Vacation Rental Website Market is Segmented as:

  • House/Apartment
  • Hotel/Hostel
  • Other

By End User, the Vacation Rental Website Market is Segmented as:

  • Vacation Rental Agency
  • Vacation Rental Owners
  • Property Managers

By Region, the Vacation Rental Website is Segmented as:

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

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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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Tracing Paper Market is Expected to Reach at a US$ 597.91 Million by the End of 2033 | FMI

Tracing Paper Market
Tracing Paper Market

The tracing paper market is forecast to experience a growth of 2.4% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 470.73 million in 2023.

The demand for paper has seen a considerable escalation in recent years and is projected to expand consistently, propelled by economic and population growth. More initiatives are required to fund unique technologies and execute emission reduction policies during papermaking as we move toward a sustainable future.

Tracing papers are used for extensive activities, including architectural designs, tracing images on fabrics, photographic lighting, etc. Paper crafts like tracing paper help express creativity and bring ideas to life.

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Tracing paper also traces a drawing or an image on the apparel. According to reliable sources, the textile industry in Australia is expected to amount to US$ 0.91 billion in 2023. From 2023 to 2028, the market is forecast to assume a growth rate of 3.09%. Considerable growth in the textile industry in Australia is projected to garner exciting new prospects for key competitors.

Demand for tracing paper is also catalyzed by the booming architecture and construction sector, wherein tracing solutions are required for interior designs. Another aspect fueling the market growth is the growing curiosity of children and millennials in arts and crafts.

Key manufacturers are projected to locate and dive into new investment pockets to secure future growth. Currently, Australia, India, China, and Mexico seem to hold growth potential.

Innovations that help in less water evaporation and more on-site waste heat recovery and co-generation can boost energy efficiency and lower emissions. Distinct uses of heat pumps in paper production are being discovered to reutilize the dormant heat from paper drying to generate steam for drying. Growing concerns related to sustainable paper production are expected to consider the methods above.

Top Highlights from the FMI’s Analysis of the Tracing Paper Market:

  • The manufacturers of tracing paper are expected to find considerable growth opportunities in India and China. Therefore, FMI has projected that the Asia Pacific region is expected to propel rapidly.
  • The Japanese market is expected to observe significant business opportunities over the forecast period. This can be credited to the surging popularity of scrapbooking and creative stationery.
  • The South Korean market is another key market that is expected to witness increased demand for tracing papers as trends related to design and photography surge.
  • Australia is expected to witness heightened demand for tracing papers as construction activities and architectural studies expand.

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Key Players Tracing Their Way to Success in the Competitive Marketspace

The leading competitors in the market are coming up with high-grade tracing papers to gain an edge over other rivals. For instance, Koehler Paper Group manufactures Reacto, a high-grade paper that produces a copy via microcapsule coating. The branded carbonless paper is a product that offers perfect running attributes in printing presses and in later processing.

Players are also enhancing their distribution channels to effectively distribute their extensive range of specialty and packaging papers to meet the increasing demand for tracing papers. The leading companies also produce paper grade, specialty pulp, fluff, supply printing, business and publishing papers, and specific industrial products.

Tracing Paper Market Outlook by Category

By Thickness:

  • Up to 60 GSM
  • 61 to 80 GSM
  • 81 to 100 GSM
  • Above 100 GSM

By Material:

  • Cellulose Fiber
  • Cotton Fiber
  • Recycled Fiber

By Application:

  • Printing
  • Drawing
  • Photographic & Cinema Lighting
  • Embossing
  • Lamination
  • Others (Greeting Cards, Envelopes, etc.)

By Region:

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

About Future Market Insights Inc. (FMI)

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

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Future Market Insights Inc.
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Acrylate Oligomer Market: A US$ 4.05 Billion Opportunity in Eco-Friendly Coatings and Adhesives

The global acrylate oligomer market is expected to attain a valuation of US$ 2.35 billion in 2023 and is projected to reach US$ 4.05 billion by 2033 while exhibiting a CAGR of 5.6% during the forecast period. The sales of acrylate oligomer are expected to increase due to increasing demand in the paints & coatings and adhesives & sealants industries, where they serve as substitutes for traditional polymers. Additionally, the market is boosted by the rising preference for environmentally friendly and bio-based products.

The paints & coatings industry, fueled by construction activities and the demand for decorative paints, constitutes the largest end-use segment for acrylate oligomers. Similarly, the adhesives & sealants industry, particularly driven by the packaging sector, is the second-largest end-use segment, contributing to the market’s growth.

An essential growth driver for market is the rising adoption of acrylate oligomers as replacements for traditional polymers across various applications. Their outstanding properties, including high transparency, flexibility, and toughness, make them well-suited substitutes for polymers like polystyrene and polyvinyl chloride in industries like packaging, toys, and electronics. Furthermore, the market is propelled by the increasing demand for eco-friendly and bio-based products.

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Heightened regulations on hazardous chemicals usage and growing environmental awareness contribute significantly to the rising demand for environmentally friendly and bio-based products in the market. Technological advancements, including the introduction of innovative cutting techniques and the utilization of biobased materials, have the potential to revolutionize the market. To maintain a competitive edge, continuous innovation and technological upgrades are crucial.

Acrylate oligomer manufacturers can expect promising growth opportunities in the upcoming decade, primarily driven by the advancing automotive and electronics industries. The exceptional properties of acrylate oligomers, especially their ability to create robust coatings and adhesives, make them an ideal choice for the automotive sector, where strong bonding properties are essential to withstand challenging environmental conditions. As new advanced acrylate oligomers enter the market, they are anticipated to further enhance and expand the global acrylate oligomer market in the near future.

Key Takeaways

  • The market in Asia Pacific is expected to expand at a CAGR of 5.8% during the forecast period.
  • The demand for acrylate oligomer in Europe is expected to expand at a CAGR of 5.5% during the forecast period.
  • Asia Pacific is expected to dominate the market by commanding over 38.8% market share in 2023.

“A surge in construction activities and expected advancements in the automotive industry are projected to drive market growth over the forecast period,” comments an FMI analyst

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Competitive Landscape

The global acrylate oligomer market is intensely competitive due to the significant presence of domestic and regional players. To leverage emerging opportunities, leading acrylate oligomer manufacturers are adopting diverse strategies, including new product launches, partnerships, acquisitions, mergers, and establishing new manufacturing facilities in lucrative regions.

Some recent developments in the acrylate oligomer market are:

  • In July 2023, BASF and Zhejiang Guanghua Technology Co., Ltd. (KHUA) signed a Letter of Intent (LoI) for the supply of Neopentyl Glycol (NPG) from BASF’s Zhanjiang Verbund site to KHUA.
  • On July 11, 2023, BASF Shanghai Coatings Minhang and Caojing sites, along with BASF Coatings’ resin plant in Caojing, Shanghai, declared their commitment to using 100% renewable energy across all operations.
  • In June 2023, Avient Corporation and BASF collaborated to provide colored grades of Ultrason high-performance polymers to the global market.

Key Companies Profiled

  • Arkema SA
  • BASF SE
  • Covestro AG
  • Royal DSM
  • Hitachi Chemical Company Ltd.
  • Nippon Gohsei
  • Lambson Limited
  • Allnex Group
  • Jiangsu Sanmu Group Corporation
  • Toagosei Co. Ltd.
  • IGM Resins B.V.
  • Alberdingk Boley GmbH
  • Miwon Specialty Chemical Co. Ltd.

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Key Segments Profiled in the Acrylate Oligomer Industry Survey

By Type:

  • Urethane
  • Polyester
  • Laminated
  • Epoxy
  • Others

By End Use Industry:

  • Automotive & Transportation
  • Chemicals & Plastics
  • Buildings and Construction
  • Paint & Coatings and Adhesives
  • Other Industries

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and 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 ~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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Automotive Head-Up Display Market to Surge to US$ 6.4 Billion by 2033, Driven by Mobility 4.0 and CASE Technologies

The global automotive head-up display market is expected to attain a valuation of US$ 1.3 billion in 2023 and is projected to reach US$ 6.4 billion by 2033, trailing a CAGR of 17.2% during the forecast period.

The automotive industry is swiftly adopting the era of mobility 4.0, marked by the emergence of CASE technologies (connected, autonomous, shared, and electric), increasing sustainability trends, and evolving customer behavior.

Global sales of luxury and premium vehicles are increasing due to the rise in disposable income of consumers, while utility vehicles are gaining popularity worldwide. These factors are driving the growth of the automotive head-up display (HUD) market. Moreover, the increasing affordability of cars among low- and middle-class consumers is further expected to propel market growth.

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The market is significantly expanding due to increased awareness of road vehicles and passenger safety. Features such as on board cameras, alert signals, speed limits, and navigation help prevent driver distractions while driving.

Utilizing head-up displays can avoid accidents caused by drivers checking in-vehicle displays and provide excellent driver safety. The growing demand for connected vehicles acts as a significant driver, fuelling the growth of the global automotive head-up display market during the forecast period.

Automotive HUDs are used to enhance safety during flights with limited visibility and ground-based obstacles. They aid in landing by providing the pilot with information about the flight path, safe landing position, and proximity to other aircraft. Moreover, this leads to a high demand for automotive head-up displays globally. The desire for an improved driving experience is also fuelling market growth further.

Key Takeaways

  • The United States automotive head-up display industry is projected to expand with a CAGR of 16.8% from 2023 to 2033.
  • The demand for automotive head-up displays in China is expected to capture a CAGR of 17.1% during the forecast period.
  • By dimension, the 3D segment is projected to expand with a CAGR of 19.6% between 2023 and 2033.
  • Germany is expected to secure a CAGR of 17% throughout the forecast period.

Increasing sales of luxury and premium vehicles are expected to fuel the demand for automotive head-up displays during the forecast period – Anticipates an FMI Analyst

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Competitive Landscape

The market for automotive head-up displays is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

The key industry players operating in the market are

  1. Continental AG
  2. Denso Corporation
  3. Nippon Seiki Co., Ltd.
  4. Visteon Corporation
  5. Delphi Automotive LLP
  6. Garmin Ltd.
  7. MicroVision, Inc.
  8. LG Display Co., Ltd.
  9. Hyundai Mobis
  10. KYOCERA Corporation

Recent Developments in the Automotive Head-up Display Market

  • In May 2022, Panasonic Automotive Systems announced that Nissan Motor has adopted their 11.5-inch windshield head-up display (WS HUD) for their new Ariya crossover electric vehicle (EV).
  • Panasonic Automotive introduced a new augmented-reality HUD in January 2021. This advanced HUD can display lane edges, road objects, and other crucial information for drivers. Powered by AI, it shares relevant information with the driver and can autonomously identify obstacles such as vehicles, pedestrians, or trash cans.
  • Hyundai Motor Company launched a cluster-less head-up display (HUD) in June 2021. This innovative HUD incorporates optical glass installed in the dashboard and angled toward the driver, providing improved visibility.
  • In 2021, Audi revealed plans to introduce an augmented reality (AR) heads-up display (HUD) in the Audi Q4 e-Tron electric vehicle. The HUD might generate a virtual image that appears to float around ten meters ahead of the driver. Audi claims that this overlaid image might effectively and quickly convey information without confusion.

Key Segments Profiled in the Automotive Head-up Display Market

By Product Type:

  • Windshield
  • Combine

By Technology:

  • Augmented Reality
  • Conventional

By Vehicle Type:

  • Midsize
  • Luxury
  • Sports Utility Vehicle
  • Commercial Vehicle

By Dimension:

  • 2D
  • 3D

By Sales Channel:

  • Original Equipment Manufacturers (OEM)
  • Aftermarket

Key Regions Covered:

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

Author

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cloud Authentication Market Soars to US$ 12.75 Billion by 2032, Driven by Robust Manufacturers and Strong Market Dynamics

The cloud authentication market is anticipated to grow at a 14.4% CAGR to reach a value of US$ 12,753.4 million by 2032. By 2022, the market is expected to be worth $11,279.2 million. In 2021, the market was valued US$ 10,020.0 million, with a lower demand growth rate of 12.6% between 2018 and 2022.

The notable surge in cloud usage and the government’s implementation of new identity and access management rules are the primary factors driving the growth of the cloud authentication industry. The worldwide market is expected to grow rapidly as cloud authentication gains traction in the retail, IT & telecom, and BFSI sectors.

Additionally, cloud services are projected to become more popular as a result of the industrial developments taking place in developing economies.

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The cloud authentication market refers to the industry that produces and sells solutions for authenticating users and devices in cloud-based environments. These solutions enable secure access to cloud-based applications and data by verifying the identity of users and devices.

The market for cloud authentication is driven by the increasing adoption of cloud-based services and the need for secure and efficient authentication solutions. Cloud authentication solutions provide organizations with the ability to manage access to cloud-based resources from a centralized location, while also offering advanced security features such as multi-factor authentication and risk-based authentication.

Key Players

IBM
Microsoft
CA. Inc
Secureworks Inc.
Oracle Corporation
Intel Corporation
Onelogin Inc.
Hewlett Packard Enterprise Development LP
Sailpoints Technology Holdings Inc.
Ping Identity

The cloud authentication market is expected to continue growing in the coming years, driven by the increasing adoption of cloud-based services across various industries. The market is also likely to benefit from the growing need for advanced security solutions to protect against cyber threats such as data breaches and unauthorized access to sensitive information.

A provider of cloud authentication services focuses on e-commerce to increase its opportunities
The e-commerce industry is anticipated to grow at the fastest rate during the forecast period. Through a number of channels, the vertical sells consumer goods and services to its clients.

E-commerce is also among the most cost-conscious industries and one of the companies that hackers target the most due to the potential for payments and the enormous volume of financial transactions made using credit and debit cards. The adoption of cloud authentication is therefore regarded as the safest choice for businesses.

Additionally, it is predicted that as the supply chain, labour, distribution partners, and customers become more complicated, merchants will be more likely to use cloud authentication services.

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Key segments

By Type:

Single
Multifactor

By Enterprise Size:

Small Offices (1-9 employees)
Small Enterprises (10-99 employees)
Medium-sized enterprise (100-499 employees)
Large Enterprises (500-999 employees)
Very Large Enterprises (1000+ employees)

By Industry:

Service
Distribution Services
Public Sector
Finance
Manufacturing Resources
Infrastructure

By Region:

North America
Latin America
Europe
East Asia
South Asia and the Pacific
Middle East & Africa

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Portable Sandwich Maker Market Set to Reach US$ 2387.2 Million by 2032, FMI

The portable sandwich maker market is experiencing significant growth driven by increasing demand for convenient and on-the-go meal solutions. These compact appliances offer versatility and ease of use, catering to busy lifestyles and the need for quick, homemade meals. With advancements in technology, portable sandwich makers now come with features such as non-stick surfaces, adjustable temperature settings, and compact designs for easy storage and transportation.

The Portable Sandwich Marker Market is expected to escalate at a CAGR of 11.6% from USD 797.4 Million in 2022 to USD 2387.2 Million through 2032.

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With all cafes, restaurants, and retail outlets closed due to the pandemic, the demand for portable sandwich makers for commercial purposes has greatly decreased. Due to trade barriers, the supply chain of the portable sandwich maker market has been disrupted.

There is an increasing demand for portable sandwich makers in households owing to the popularity of sandwiches at breakfast, which has contributed to the growth of the portable sandwich maker market. Several countries have shut down their industries, thus causing the production of portable sandwich makers to drop drastically. Also, labor mobility has been restricted in many places, and raw materials are hard to come by.

Increasing numbers of fast-food restaurants, coffee shops, and food joints around the world contribute to the growth of the portable sandwich maker market. Portable sandwich makers allow food joints to quickly cook food, causing them to buy this product in higher numbers.

Several factors drive the growth of the portable sandwich maker market, including the growth of the population, disposable incomes, and western influences on cooking methods.

The increase in energy prices, transportation costs, and depreciation increase the cost of portable sandwich makers. This causes companies to worry about a rapid decline in profit, which further restrains the growth of the portable sandwich maker market.

As products continue to be innovated and advanced technology advances, manufacturers are obliged to develop new products that satisfy the needs of consumers. The top players have come up with smart portable sandwich makers that are easy to use, and the companies have come up with products that are compatible with connected devices, including smartphones.

Government initiatives are pushing for energy-efficient appliances and increasing consumer demand, leading to the development of portable sandwich makers in a variety of sizes for households and commercial settings.

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KEY TAKEAWAYS:

  • The portable sandwich marker market is predicted to develop at a CAGR of 11.6% in the section of the solution category.
  • The outdoor segment of the location type category in portable sandwich marker market is likely to lead through 2032.
  • In the United States, the portable sandwich marker market is estimated to hold dominance throughout the forecast period.
  • By 2032, the portable sandwich marker market in the United Kingdom is expected to show high growth through 2032.

COMPETITIVE LANDSCAPE:

In recent years, the portable sandwich maker market has developed a competitive edge.

The industry includes Huayu Electrical Appliance Group Co.,Ltd., Zhejiang Wisdom Industry & Trade Co. Ltd., Hamilton Beach Brands, Inc.,Nostalgia Products, TTK PRESTIGE LIMITED, Cello World, Ningbo Mengte Import&Export Co.,Ltd., Borosil, Morphy Richards, Breville USA, and Russell Hobbs ( Spectrum Brands , Inc.).

The portable sandwich maker market is characterized by the presence of a large number of regional manufacturers offering a variety of products. To meet the demands of various consumers, these companies devise various strategies, such as offering cheap and valuable portable sandwich makers.

RECENT DEVELOPMENT:

The top players have come up with smart portable sandwich makers that are easy to use, and the companies have come up with products that are compatible with connected devices including smartphones.

A portable sandwich maker offered by Griffin technology, for example, is compatible with mobile devices via Bluetooth, has options for defrosting, and features automatic heating. The convenience of intelligent, portable sandwich makers is anticipated to be an important factor influencing consumer behaviour.

Government initiatives are pushing for energy-efficient appliances and increasing consumer demand, leading to the development of portable sandwich makers in a variety of sizes for households and commercial settings.

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Key segments

By Product Type:

  • Single Panini Grill Maker
  • Double/Dual Panini Grill Maker

By Material Type:

  • Stainless Steel
  • Bakelite/Aluminum
  • Cast Iron
  • Glass
  • Others (Alloy, etc.)

By Price Range:

  • Low
  • Medium
  • High/Premium

By Application:

  • Residential
  • Commercial

By Sales Channel:

  • Wholesaler/Distributor
  • Hypermarkets/Supermarkets
  • Multi-brand Stores
  • Specialty Stores
  • Independent Small Stores
  • Online Retailers
  • Other Sales Channel

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Investing in the Growing Rapeseed Oil Market with a Projected CAGR of 4.6% | FMI Projection

Rapeseed Oil Market
Rapeseed Oil Market

The global rapeseed oil market is expected to cross a valuation of US$ 27.7 billion by 2033. The market is projected to advance at a CAGR of 4.6% from 2023 to 2033. In 2023, the market is anticipated to be valued at US$ 17.7 billion.

According to a survey, nearly 550 million heart patients worldwide, and owing to lifestyle factors, the number is expected to surge. Rapeseed oil is rich in omega-3, which helps in the smooth functioning of the heart. This might increase the demand for rapeseed oil during the forecast period.

Professional chefs working in luxury hotels have started adopting rapeseed oil. Owing to the lack of taste associated with rapeseed oil, the application does not alter the taste of the food that is mixed with it. Moreover, these can be heated at a temperature greater than 400 0C, which leads to the fact that the taste does not get ruined due to excess heating. These factors are expected to surge the sales of rapeseed oil during the forecast period.

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Owing to the soaring cases of Vitamin E deficiency, many people have started consuming multivitamin capsules. Manufacturers who are into the production of multivitamin capsules are making use of rapeseed oil as it is an extremely rich source of Vitamin E.

One of the key applications of rapeseed oil is in the booming personal care products market. Being a rich source of Vitamin E, personal care product manufacturers are making use of rapeseed oil as these help in improving skin texture.

increase in cholesterol cases, high preference among chefs, surging personal care market, and other factors are expected to surge the rapeseed oil market growth during the forecast period – Nandini Roy Choudhury, Client Partner at Future Market Insights

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Key Takeaways:

  • The market is expected to hold a value of US$ 17.7 billion in 2023.
  • By 2033, the valuation is expected to surge beyond US$ 27.7 billion.
  • The CAGR is projected to be at 4.6% during the forecast period.
  • Based on regional analysis, Europe is expected to be the dominant market during the forecast period.
  • The United States market is expected to record a CAGR of 2.8%.
  • The United Kingdom market is anticipated to post a CAGR of 3.8%.
  • France market is projected to register a CAGR of 6.8%.
  • China market is expected to advance at a CAGR of 5.4%.
  • Japan market is anticipated to record a CAGR of 4.4%.
  • Based on product type, the processed segment is expected to hold the leading market share and is projected to advance at a CAGR of 4.5%.
  • On the basis of end users, the food service segment is projected to hold the dominant market share and is expected to register a CAGR of 4.6%.

Competitive Landscape

The key players operating in the rapeseed oil market are making moves to indulge in profitable mergers and acquisitions. This comes at a time when the manufacturers are taking all steps to increase their market share. The manufacturers are also taking steps to invest amounts in marketing and sales activities to spread awareness about the kind of product being manufactured by them. The idea is also to rope in some sharpest minds who have been a part of the niche for decades and helped the previous companies post record-breaking profits.

Key developments in the rapeseed oil market:

  • In November 2022, Wilmar was ranked second globally in the human rights benchmark.
  • In January 2023, Interfat announced that it had launched its website in French to specifically cater to the French audience.

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Rapeseed Oil Market Segmentation

By Product Type:

  • Processed
  • Virgin

By Distribution Channel:

  • Franchise Outlets
  • Modern Trade
  • Online
  • Specialty Stores

By End User:

  • Food Processor
  • Food Service
  • Retail

By Region:

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

Author by:

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:
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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