Explosive Growth Forecasted: Titanium Dioxide Color Market to Reach US$ 44.9 million by 2033

Titanium Dioxide Color Market

The titanium dioxide color market size is expected to be a total of US$ 34 million in 2023. The market is projected to proceed at a CAGR of 3% through 2033. 

Titanium dioxide color, being cost-effective, is used in many dairy-based products, such as cheese, ice cream, milk drinks & milk alternatives, pudding / custard, dips & spreads and yogurt.

More expensive dairy solids as a colourant may be replaced by the product in order to cut calories and fat content, as consumers today prefer pleasant food products with a health-conscious focus.

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In terms of application, the dairy segment is projected to expand at a CAGR of 2.4% over the forecast period, exceeding US$ 1,835.0 Thousand in 2022.

Key Takeaways from Titanium Dioxide Color Market Study:

  • The U.S. is estimated to account for more than 87.3% of the North America market in 2022 for titanium dioxide color.
  • Brazil is projected to lead the Latin America titanium dioxide color market with 47.7% market share in 2022.
  • Latin America is anticipated to register highest CAGR of 4.4% during the forecast period backed by growing consumer awareness regarding the use of the product.
  • EMEAI region is projected to hold highest market value with US$ 14,487.6 Thousand in 2022.
  • Germany is estimated to account for 21.8% of EMEAI market share in 2022, while India is estimated to hold over 14.6% share in Asia Pacific.
  • China is projected to hold market share of 40.3% in APAC in 2022.

Who is winning?

Key players are focusing primarily on growth drivers for titanium dioxide color market, as the growing demand for the product among consumers in end use food industries are rising with each passing day. Manufacturing processes of the powder form product with technological innovations are improving day by day, thus increasing the product yield with higher quality. This is also expected to have a positive impact on the product quality, thus aiding the titanium dioxide color market growth.

Some of the leading companies offering titanium dioxide color are Tronox Incorporated, DuPont, Huntsman, Evonik Industries, Millennium Chemicals, Kronos, Ishihara Sangyo Kaisha Ltd., The Chemours Company, Lomon Billions Group and others.

Titanium Dioxide Color by Category

By Application:

  • Beverage
  • Bakery, Snacks, & Cereal
  • Candy / Confectionery
  • Dairy
  • Fruit Preparations / Fillings
  • Meat, Poultry, Fish, & Eggs
  • Potatoes, Pasta, & Rice
  • Sauces, Soups, & Dressings
  • Seasonings
  • Pet Food

By Region:

  • North America
  • Latin America
  • EMEAI
  • APAC

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Frequently Asked Questions

  • How much is the titanium dioxide color market worth?
  • What is the demand outlook forecast for the titanium dioxide color market?
  • What was the last 5-year CAGR for the titanium dioxide color market?
  • What will be the next 10-year CAGR for the titanium dioxide color market?
  • What is the share of top 5 players in the titanium dioxide color market?
  • Who are the top 5 countries driving titanium dioxide color market?
  • At what rate will the titanium dioxide color market increase in North America?
  • What is the Latin America titanium dioxide color market outlook?
  • What is the market outlook for titanium dioxide color in EMEAI region?
  • At what rate did the titanium dioxide color market is projected to increase between 2021 and 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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Biodegradable Food Packaging Market Booming: Consumers and Regulations Drive Sustainable Future

The global biodegradable food packaging market is on an upward trajectory, projected to reach a staggering US$355 billion by 2033. This press release explores the key factors fueling this growth and the shift towards eco-friendly packaging solutions.

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Market Poised for Continued Expansion

Following a steady historical growth of 4% (2018-2022), the biodegradable food packaging market is expected to accelerate, exhibiting a CAGR of 5.08% over the next decade. This surge is driven by a confluence of factors, including:

  • Consumer Demand for Eco-Friendly Solutions: Consumers are increasingly prioritizing sustainability, demanding packaging options that minimize environmental impact. This trend is particularly evident in developed regions like North America and Europe, where growing awareness fuels the market.
  • Convenience and Innovation Go Green: The market caters to consumers’ desire for both convenience and eco-friendliness. Biodegradable packaging offers a viable alternative to traditional plastics, providing solutions like paper straws and wooden spoons alongside convenient pre-packaged meals.
  • Regulation Drives Change: Governments around the world are implementing stricter regulations to curb single-use plastics. This creates significant opportunities for biodegradable alternatives, encouraging a shift towards a more sustainable future.

Beverage Industry Embraces Green Packaging

The ever-growing demand for bottled water and non-alcoholic beverages presents a fertile ground for biodegradable packaging. Consumers’ desire for high-quality drinking water and the convenience of on-the-go options are driving the need for eco-friendly beverage packaging solutions.

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Food Sector: A Sustainable Future on the Plate

The booming food sector, fueled by technological advancements and global expansion, is another key driver. With heightened environmental awareness, consumers are seeking eco-friendly packaging solutions that offer additional benefits like cost-effectiveness and convenience.

Report Benefits & Key Questions Answered

  • Historical Market Analysis: The detailed survey by FMI, examines key factors in the Biodegradable Food Packaging market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Biodegradable Food Packaging market for the forecast period 2024-2034.
  • Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Biodegradable Food Packaging for the assessment period. As per the study, the demand for Biodegradable Food Packaging will grow at a robust CAGR between 2024 and 2034.
  • Trend Analysis: The latest study by FMI on the Biodegradable Food Packaging market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

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

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Biodegradable Food Packaging Market- Segmentation

Biodegradable Food Packaging Market is classified into material, application and technique.

Material:

  • Paper & paperboard
    • Rigid
    • Flexible
  • Plastic
    • Rigid
    • Flexible
  • Metal
  • Glass
  • Other materials (bamboo, cellulose)

Application:

  • Fruits and vegetables
  • Dairy products
  • Bakery and confectionery
  • Meat, fish, and poultry
  • Others

Technique:

  • Active packaging
  • Molded packaging
  • Alternate fiber packaging
  • Multipurpose packaging

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
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Animal-based Pet Protein Market on the Rise: Expected to Reach US$ 121,923 million 2033

Animal-based Pet Protein Market

The global animal-based pet protein market size is projected to exhibit modest growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of US$ 79,352 million in 2023

Increasing consumption of protein in pet food applications with rising focus on sustainable eating will drive the demand in the market. Insect-based protein and pulse-based protein are few of the sources that can be used in pet foods. Alongside, microbial protein such as bacteria, chlorella, spirulina, yeast, and fungi is a prominent source of protein.

Growing trend of pet humanization is driving the need to provide them with protein rich pet food. Animal-based protein source helps in providing optimum nutrition to the pets to improve their metabolism.

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Subsequently, rising concerns regarding the health of the pets and increased spending capacity of the pet owners is expected to increase the consumption of animal-based pet protein in the coming decade.

Further, pet owners are changing their preferences towards consuming premium pet foods to ensure that a good diet could be followed by their pets. High levels of protein would help maintain a good digestive system and a smooth skin texture.

Hence, key participants such as Mars Petcare Inc. have come up technological advancements involving techniques that help in producing animal-based pet food which is rich in protein. This is expected to address the needs of consumers who are willing to provide a rich protein diet to the pets to ensure their good health.

Key Takeaways from Market Study

  • North America is expected to account for the maximum value share of the global market of about 38% by 2032, with the U.S. leading the growth in animal-based pet protein market.
  • By nature, conventional type is expected to hold a value share of nearly 85% of the global market by 2022
  • By product type, dry pet food is expected to account for the maximum market value share of about 39%, followed by wet pet food with ~30% value share in 2022
  • In terms of packaging, the bag segment is expected to hold a value share of nearly 38% of the global market by 2022
  • India and China are expected to dominate the South and East Asia animal-based pet protein market, respectively.

“Animal-based pet protein food manufacturers are likely to generate high revenue by producing animal-based pet food which is rich in protein. They are also introducing new products with high nutritional value to cater to the growing demand from pet owners,” says a Future Market Insights analyst.

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Competitive Landscape

Leading players in animal-based pet protein market are majorly focusing on research & development, product innovation, geographical expansion, partnerships and mergers and acquisitions to create a larger customer base. For instance,

  • In 2020, Mars Petcare has introduced a premium pet nutrition brand named “Lams”, particularly in India. This brand was launched in the market with an aim to promote pet nutrition and health.
  • In 2020, Eukanuba came up with its new product line which involved the first dog food prepared by using premium quality of animal proteins to ensure proper nutrition intake by pets.

Explore More Valuable Insights

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

The study offers compelling insights based on product type (dry, wet, treats and chews, and others), pet type (cat, dog, birds, and others), nature (organic and conventional), packaging (pouches, bags, folding cartons, tubs and cups, can, and bottles and jars), and distribution channel (store-based retailing and online retailers), across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.

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Global Animal-based Pet Protein Market by Category
By Product Type:

  • Dry
  • Wet
  • Treats & Chews
  • Others

By Pet Type:

  • Cat
    • Kitten
    • Senior
  • Dog
    • Puppy
    • Adult
    • Senior
  • Birds
  • Others

By Nature:

  • Organic
  • Conventional

By Packaging:

  • Pouches
  • Bags
  • Folding Cartons
  • Tubs & Cups
  • Can
  • Bottles & Jars

By Distribution Channel:

  • Store-based retailing
    • Hypermarket/Supermarket
    • Convenience Stores
    • Mom and Pop Stores
    • Pet Stores
    • Discounters
    • Independent Grocery Retailers
    • Drugstores
    • Other Retail Formats
  • Online Retailers

By Region:

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

The report covers exhaustive analysis on:

  • At what value the animal-based pet protein market is expected to reach?
  • What is the demand outlook in the global animal-based pet protein market?
  • What was the market value of animal-based pet protein market in the last five years?
  • What are the key trends adopted by leading players in the global animal-based pet protein market?
  • What is the share of top 10 companies in the animal-based pet protein market?
  • Which are the major countries driving demand for animal-based pet protein?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

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
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Blown Film Extrusion Machine Market Set for Steady Growth US$ 11170.15 million by 2032, Fueled by Packaging Demand

The global blown film extrusion machine market is poised for significant growth, reaching an estimated US$11.2 billion by 2032 according to a recent industry report. This press release explores the key drivers and trends shaping this market.

Packaging Boom Drives Machine Demand

The surge in demand for packaging films across various industries is a major driver for the blown film extrusion machine market. These machines offer manufacturers a highly versatile solution, allowing them to produce a wide range of film types from a single machine.

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Versatility and Efficiency: A Winning Combination

Blown film extrusion machines provide several advantages over traditional methods. They offer:

  • Biaxial Orientation: This feature ensures uniformity in the film’s mechanical properties, creating a more reliable and consistent product.
  • Single-Step Production: Film can be formed flat or gusseted in a single operation, maximizing efficiency and profitability.

Meeting Packaging Needs Across Industries

The blown film extrusion machine caters to both barrier and non-barrier packaging applications. Additionally, it can process a wide range of polymers, making it suitable for various industries, including:

  • Food & Beverage: The ever-growing food and beverage sector is a major consumer of packaging films, directly impacting the blown film extrusion machine market.

Sustainability and Cost Considerations

While blown film extrusion machines offer numerous benefits, challenges remain:

  • Temperature Limitations: These machines struggle with high temperatures, potentially impacting production efficiency.
  • High Initial Investment: The cost of installation can be high, particularly for smaller manufacturers with limited resources.

Looking Ahead: A Market Poised for Expansion

Despite these challenges, the blown film extrusion machine market is expected to see continued growth driven by the expanding food and beverage industry. Innovation in machine design and potential solutions for temperature management could further accelerate market expansion.

Key Blown Film Extrusion Machine Market Takeaways and Projections

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

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Report Benefits & Key Questions Answered

  • Historical Market Analysis: The detailed survey by FMI, examines key factors in the Blown Film Extrusion Machine market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Blown Film Extrusion Machine market for the forecast period 2022-2032.
  • Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Blown Film Extrusion Machine for the assessment period. As per the study, the demand for Blown Film Extrusion Machine will grow at a robust CAGR between 2022 and 2032.
  • Trend Analysis: The latest study by FMI on the Blown Film Extrusion Machine market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

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

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The report covers exhaustive analysis on

  • Global Blown Film Extrusion Machine Market Segments
  • Global Blown Film Extrusion Machine Market Dynamics
  • Historical Actual Market Size, 2012 – 2016
  • Global Blown Film Extrusion Machine Market Size & Forecast 2017 to 2027
  • Supply & Demand Value Chain for Blown Film Extrusion Machine Market
  • Global Blown Film Extrusion Machine Market Current Trends/Issues/Challenges
  • Competition & Companies involved in Blown Film Extrusion Machine Market
  • High Altitude Aeronautical Platform Stations Technology
  • Value Chain of High Altitude Aeronautical Platform Stations
  • Global Blown Film Extrusion Machine Market Drivers and Restraints

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
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Expansive Growth Forecasted: Agricultural Adjuvant Market to Surge to US$ 6,518.4 million by 2033

Agricultural Adjuvant Market

The global agricultural adjuvant market is expected to reach market valuation of US$ 3.4 Billion in 2022, expanding at a healthy 6.2% CAGR over the forecast period.

Increasing industrialization and colonization across the globe is reducing cultivable land. To fulfil the rising demand for food, farmers are seeking effective ways to increase crop yield, which, in turn, is spurring demand for agricultural adjuvants.

Pesticides contain adjuvants, which promote spray retention and droplet drying. The response between herbicide adjuvants and herbicide activity is determined by a number of factors, including leaf surface, adjuvant type, herbicide chemical form, and external meteorological conditions. Key market participants are introducing new versions by inventing formulations to improve their performance in reducing pesticide leaching in groundwater.

Some types of agricultural adjuvants available in the market are surfactants, oils, compatibility agents, buffering and conditioning agents, defoaming agents, deposition agents, and drift control agents.

The availability of different types of adjuvants is expected to propel the demand for function-specific adjuvants in the market. Further, as adjuvants do not have any pesticide properties, their usage is not governed by the US Environmental Protection Agency regulations. This is expected to widen the scope of applications of agricultural adjuvants.

Further, rapid adoption of advanced technologies in agricultural industry such as precision farming is expected to boost the demand for agricultural adjuvants. As per FMI, North America is expected to emerge as the most lucrative market, followed by Europe and Asia Pacific.

“Rising awareness regarding wastage of pesticides and their negative environmental impact is spurring demand in the market. In addition to this, wide availability of target-based adjuvants will continue propelling sales over the assessment period,” says the FMI analyst.

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Key Takeaways:

  • Based on the crop type, sales in the cereals segment are projected to increase at a 5.6% CAGR though 2032.
  • In terms of application, demand for herbicides adjuvants will gain traction at a considerable pace.
  • The U.S. will emerge as a lucrative market, accounting for 24% of the total market share over the forecast period.
  • Sales in the U.K. will account for a dominant share in the Europe agricultural adjuvants market through 2032.
  • Demand in the India agricultural adjuvants market will account for 18% of the total market share.

Competitive Landscape

Key manufacturers operating in the agricultural adjuvants are focusing on research & development to offer different effective formulations. Besides this, players are collaborating and investing in mergers and acquisitions to gain a competitive edge in the market. For instance:

  • BREAK-THRU® SD 260. is the first solid, water-soluble trisiloxane on the market is which is ideal for solid pesticide formulations (WP/WDG). It is used in biopesticide WP formulations, to simplify the manufacturing of solid pesticide formulations, makes trisiloxane available for solid pesticide and solid microbiological formulations, which can be used as a tank mix adjuvant.

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

Agricultural Adjuvant Market by Category

By Product Type:

  • Activator Adjuvants
  • Oil Adjuvants
  • Surfactants
  • Utility Adjuvants

By Application:

  • Fungicide Adjuvants
  • Insecticide Adjuvants
  • Herbicide Adjuvants
  • Others

By Crop Type:

  • Cereals
  • Oilseeds
  • Fruits & Vegetables
  • Other Crops

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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The report covers exhaustive analysis on:

  • How big is the agricultural adjuvant market size?
  • What is the North America agricultural adjuvant market outlook?
  • At what rate will the agricultural adjuvant demand grow in Europe?
  • What are the key trends driving sales in the agricultural adjuvant market?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

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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Foil Tapes Market Projected to Reach US$24.4 Billion by 2032, Fueled by Demand for High Performance in Extreme Temperatures

According to a report by Future Market Insights, the global foil tapes market is expected to grow at a CAGR of 2% from 2022 to 2032. This growth trajectory is projected to increase the market’s value from US$ 20 billion in 2022 to US$ 24.4 billion in 2032.

Foil tapes have become increasingly essential in various industries due to their performance under extreme conditions, making them a sought-after solution for demanding applications. These tapes are meticulously crafted using advanced machinery and quality-approved adhesive materials, ensuring reliable performance in both hot and cold temperatures. As a result, the demand for foil tapes has been steadily rising.

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The surge in infrastructural activities worldwide has contributed to the market’s expansion, driven by the need to protect assemblies and surfaces from extreme chemical and temperature conditions.

Foil tapes find extensive applications across various industries, including appliances, aerospace, metal finishing, specialty vehicles, machinery, construction, manufacturing, and transportation. There are four main types of foil tapes, each catering to specific needs:

1. Butyl Foil Tapes: Widely used in construction and automotive applications, these tapes are employed for sealing joints between metal roofing panels and addressing cracks in concrete.

2. Aluminum Foil Tapes: Designed for high-temperature resistance and electrical or thermal conductivity, these tapes are utilized in insulation, duct sealing in HVAC systems, and electromagnetic protection in the electronics industry.

3. Lead Foil Tapes: Known for their electrical and thermal conductivity as well as resistance to acids and bases, lead foil tapes are ideal for electroplating and radiation barrier applications.

4. Sound Damping Foil Tapes: Used for noise reduction, vibration dampening, and minimizing squeaks and rattles, these tapes are employed in automotive, marine, aerospace, electronics, and construction industries.

The versatility and effectiveness of foil tapes make them indispensable in addressing various industrial challenges related to temperature, conductivity, and sound dampening.

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Key Players:

Few of the key players operating in the global foil tapes market are- 3M, Advance Tapes International Ltd, Shurtape Technologies LLC, Morgan Industries Limited, Zhenjiang Runfa Aluminium Co., Ltd., Tape India, Thomas Publishing Company, Matrix Adhesive Coating Industry, Maxal Impex, Pronat Industries Ltd.

Regional analysis includes

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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.

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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Global Polytetrahydrofuran (PolyTHF) Market Expected to Reach US$ 11,130.69 Million by 2034, Fueled by Steady 6.0% CAGR Growth

The sales of polytetrahydrofuran are expected to witness a moderate CAGR of 6.0% from 2024 to 2034. By 2034, the polytetrahydrofuran demand is anticipated to attain a valuation of US$ 11,130.69 million. The polytetrahydrofuran industry is poised for significant growth, reaching US$ 6,215.32 million in 2024.

Given the rising demand from various end-use sectors, including textiles, automobiles, and pharmaceuticals, the global PTHF market has the potential to grow steadily. The demand for lightweight materials with improved flexibility and durability is projected to boost the PolyTHF market.

The PolyTHF market expansion is anticipated to be facilitated by improvements in production technology in addition to rising spending on research and development. Polytetrahydrofuran vendors are likely to benefit greatly from favorable government measures supporting eco-friendly manufacturing techniques and the growing trend toward eco-friendly materials. Challenges such as volatile raw material costs and strict environmental policies impede the polytetrahydrofuran market expansion.

Regional Outlook

In Asia Pacific, the demand for polytetrahydrofuran is expanding due to the growing need for environmentally friendly materials in manufacturing processes. Government initiatives supporting sustainable manufacturing techniques are anticipated to stimulate the adoption of polytetrahydrofuran.

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Stringent environmental rules encouraging the use of sustainable materials foster the continuous market growth of polytetrahydrofuran in Europe. The expansion of the Europe polytetrahydrofuran market is stimulated by rising research and development expenses aimed at improving applications.

Demand for PolyTHF-based goods is increasing in North America due to a growing emphasis on lowering carbon footprints. The PolyTHF market in North America is shaped by growing investments and technological developments in bio-based production technologies.

“Due to rising demand from various end-use sectors, the polytetrahydrofuran market is expected to expand. The polytetrahydrofuran (Poly THF) market expansion is anticipated to be fueled by factors such as customer preferences, growing applications, and technological advancements,” opines Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Key Takeaways from the Polytetrahydrofuran Market

  • The spandex fibers segment in the application category is set to capture a share of 68.1% in 2024.
  • In the product type category, the petro-based poly THF segment is on track to acquire a market share of 96.2% in 2024.
  • The India Poly THF market is anticipated to grow at a CAGR of 8.7% between 2024 and 2034.
  • The China PTHF market is expected to surge at a CAGR of 7.4% through 2034.
  • The Australia polytetrahydrofuran (Poly THF) market is predicted to exhibit a CAGR of 6.6% from 2024 to 2034.
  • The Germany PTHF market is likely to develop at a CAGR of 3.3% through 2034.
  • The United States Poly THF market is envisioned to soar at a CAGR of 2.5% through 2034.

Competitive Landscape

Several key polytetrahydrofuran vendors are vying for market dominance in the industry, characterized by a varied competitive landscape. Polytetrahydrofuran manufacturers compete based on price, distribution channels, product quality, technology, and environmental initiatives. Polytetrahydrofuran producers frequently use strategic alliances, mergers, and acquisitions to strengthen their market position and gain a distinctive advantage. Polytetrahydrofuran suppliers concentrate on research and development to launch innovative goods and maintain their competitive edge.

Key Polytetrahydrofuran Manufacturers

  • BASF SE
  • INVISTA
  • Dairen Chemical Corporation (DCC)
  • Chongqing Jianfeng Industrial Group
  • Mitsubishi Chemical Corporation
  • Korea PTG, Co. Ltd.
  • Shanxi Sanwei Group Co., Ltd.
  • HYOSUNG
  • Hangzhou Sanlong New Materials Co., Ltd.
  • Shaanxi Shanhua Coal Chemical Group
  • Lycra Company
  • Gantrade Corporation

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Recent Developments in the Polytetrahydrofuran Market

  • BioPTMG, developed by Mitsubishi Chemical Corporation, is a novel PTMG (Poly tetramethylene ether glycol) substance made from plant-derived raw materials or feedstocks.
  • BASF has made bio-based Polytetrahydrofuran 1000 (PolyTHF 1000) available for the first time. The company is now providing this intermediate to most end-use sectors for testing various applications on a large scale.

Key Segments

By Product Type:

  • Petro-Based Poly THF
  • Bio-Based Poly THF

By Application:

  • Spandex Fibers
  • Thermoplastic Polyurethane
  • Co-polyester-ether Elastomer
  • Cast Polyurethane Elastomers
  • Others

By End Use:

  • Automotive Parts
  • Textiles
  • Hose and Tubing
  • Artificial Leather
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • 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 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
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Open Banking Market Poised for Impressive Growth at a CAGR of 19.7% by 2034

The open banking market is expected to be valued at US$ 22,160 million in 2024. The demand for open banking is projected to be invigorating from 2024 to 2034, with a CAGR of 19.7%. By 2034, the market value is forecast to hit US$ 133.5 billion.

The rising demand for open banking is the increasing consumer demand for more control and transparency over their financial data. With open banking, customers can easily and securely connect their bank accounts to third-party financial apps and services, which can help them manage their finances more effectively.

The need for advancement in new services and models to reduce transactional costs and implement budgeting tools is likely to present opportunities. By opening up access to financial data through secure APIs, open banking is enabling a new wave of fintech start-ups to emerge and offer customers innovative new products and services. By allowing different banks and financial institutions to share data more easily, open banking reduces the need for redundant systems and processes, which can help lower costs and improve overall efficiency.

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Along with open banking, a surge in wealth tech has also been witnessed in emerging economies. For instance, Monzo, a foreign exchange company, launched an investment feature in 2023 due to increasing demand for investment products that are accessible to consumers.

“Collaboration between financial institutions and fintech companies can enhance the speed at which individuals and SMEs can manage their money. Moreover, digital financial service-based companies can focus on providing sophisticated products and services that can reduce fraud and allow better-informed decisions on cost of living, “says an analyst at FMI.

Key Takeaways from the Open Banking Market

  • The open banking market is estimated to register a CAGR of 19.7%, with a valuation of US$ 133.5 billion by 2034.
  • The open banking platforms segment is anticipated to dominate the market by registering a 70.2% share in 2024.
  • With a 19.9% share, the retail & commercials banks are likely to drive the market in 2024.
  • The market for open banking is likely to register a growth of 23.2% in Australia through 2034.
  • The demand for open banking is estimated to record a healthy CAGR of 16.5% in the United States from 2024 to 2034.
  • In Japan and China, the open banking industry is anticipated to increase at CAGRs of 20.9% and 20.2% through 2034.

Competitive Landscape

As open banking regulations and APIs gain traction, a new ecosystem of fintech companies and traditional banking institutions emerge. As the market matures, several firms soon adapt and compete to gain a significant share and provide novel solutions to consumers. Some prominent companies in the market are Banco Bilbao Vizcaya Argentaria, S.A., Crédit Agricole, Citygroup, Inc., and HSBC Bank plc.

PCI Pal, an open banking payment solution provider, announced the release of Pay By Bank, an open banking solution for contact centers, in 2022. This digital option allows consumers and businesses to lower transaction costs while offering prompt reimbursements. Moreover, the user can share their financial data securely with the third-party provider, increasing the competition among providers.

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Key Market Segments

By Solution:

  • Open Banking Platforms
    • API-Based
    • App-Based
  • Open Banking Services
    • Open Banking API Integration & Implementation
    • Financial Technology & Solution Consulting
    • Support & Maintenance

By Deployment Mode:

  • Cloud
  • On-Premises

By End User:

  • Central Banks
  • Retail & Commercials Banks
  • Investment Banks
  • Insurance Companies
  • Credit Unions
  • Mortgage/Loan Providers
  • Wealth Management Firms
  • Fintechs
  • Payment Service Providers

By Region:

  • North America
  • Latin America
  • East Asia
  • South Asia
  • Europe
  • Oceania
  • The Middle East and 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 reflecting 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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Revolutionizing Industries: Global Research And Development (R&D) Analytics Market Set to Surge, Reaching US$ 6,366.6 Million by 2032

The Global Research and Development (R&D) Analytics Market is expected to reach a value of US$ 2,025.0 million by 2022, indicating its impressive development prospects. It is anticipated that the market would expand at a strong compound annual growth rate (CAGR) of 12.1%, pushing it to reach US$ 6,366.6 million by 2032. The main cause of this increase is the changing demands of different end-use industries. Notably, the market showed a respectable CAGR of 9.1% from 2016 to 2021.

These approaches may be helpful for short-term initiatives, but for long-term R&D projects, enterprises must use analytics as judgements on what goods to produce, the competitive environment, intellectual property, patent data, market segmentation, etc. must be made.

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The use of analytics in R&D can increase revenue and lower cost, improve accuracy, save time and meet customers’ ever-increasing demand. There is a large volume of unstructured or unorganized data in this complex business environment, so there is a need to optimize this data using analytics to improve their return on investment in R&D.

There is a large increase in the amount of data and there is a need to effectively manage the database with appropriate tools for converting them to valuable and structured data for accelerating the growth of the R&D organizations. There is a need to make decisions regarding what products to develop, customer behavior, competition landscape, intellectual property, patent data, spending, and revenue return analysis.

The increasing adoption of analytics tools assists in precise and customer-focused businesses and offers accurate data which helps in tracking achievements and goals from campaigns. This will continue to fuel the demand for R&D analytics solutions across different industry verticals.

Large organizations are finding it difficult to analyze these large sets of unstructured data, so here advanced R&D analytics tools come in to extract the relevant and appropriate information. Data being stored is growing exponentially everywhere in many formats which need to be organized and utilized appropriately.

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What are the Challenges Faced by the R&D Analytics Industry?

The Data Security Concern May Impede the Market Growth

Although the Research And Development (R&D) Analytics Market has numerous end-uses, numerous obstacles likely pose a challenge to market growth. Data security and privacy concerns are major challenges faced in Research And Development (R&D) Analytics Market.

Another challenge was with nomenclature followed by different companies in their data as several standards are designed by themselves internal of the organization or by respective government regulations. However, with increasing usage of analytics in industries such as automobile, aerospace, and clinical research, demand in the Research And Development (R&D) Analytics Market is poised to grow exponentially during the assessment period.

Key Segments Profiled in the Research and Development Analytics Industry Survey

Research And Development (R&D) Analytics Market by End Use:

  • Research and Development Analytics in Pharmaceuticals
  • Research and Development Analytics in Life sciences
  • Research and Development Analytics in Clinical Research
  • Research and Development Analytics in Automobile
  • Research and Development Analytics in Aerospace
  • Research and Development Analytics in Defense
  • Research and Development Analytics in Other End Uses

Research And Development (R&D) Analytics Market by Size of Enterprise:

  • Research and Development Analytics for Large Enterprises
  • Research and Development Analytics for Medium Enterprises
  • Research and Development Analytics for Small Enterprises

Research And Development (R&D) Analytics Market by Region:

  • North America Research And Development (R&D) Analytics Market
  • Latin America Research And Development (R&D) Analytics Market
  • Europe Research And Development (R&D) Analytics Market
  • Asia Pacific Research And Development (R&D) Analytics Market
  • Middle East and Africa Research And Development (R&D) Analytics Market

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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 reflecting 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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Revolutionizing Interaction: Predictive Touch Market Soars to US$4.5 Billion by 2032, Fueled by Technological Innovations

Based on a predicted demand of US$ 395.7 million in 2022 and an impressive CAGR of 27.5%, the Predictive Touch Market is likely to develop at an impressive rate, reaching a valuation of US$ 4,480.7 million by 2032. A surge of technological advancements in the information technology sector during the previous 20 years is responsible for this significant growth. The industry showed a noteworthy 27.1% compound annual growth rate (CAGR) from 2016 to 2021.

The market is anticipated to develop steadily throughout the projected period due to the rising demands of Predictive Touch Market across numerous end-user applications, including IT, telecom, and pharmaceutical.

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Predictive Touch Market: Drivers and Restraints

The global advanced & predictive analytics software market is anticipated to grow at the CAGR of 8.6% over the forecast period. Above factor is the important driver for the growth of global Predictive Touch Market.

The tendency of a machine to think and work in a similar way to that humans are catering to new opportunities, to develop more efficient predictive systems, which is expected to be another significant driver for the market growth.

Advancement of data extraction algorithm to facilitate the growth of predictive gadgets are becoming attractive opportunity to invest in the predictive touch technology.

Artificial intelligence and conventional touch screen technology, are coupled together to arouse the demand for innovative products such as advanced predictive touch techniques. Further need for change and more advanced interactive technology are the two key drivers of the Predictive Touch Market. On the other hand lack of trained and proficient workforce is the major challenge faced by the organizations in the correct deployment of Predictive Touch Market.

The predictive Touch Market is under ongoing research process, owing to this tremendous untapped opportunities are hidden to explore which is contributing the growth of the market.

Predictive Touch Market:  Application

The Predictive Touch technology may have huge vertical base application such as Banking and Financial services, Insurance, Government, public administration, & Utilities, Pharmaceutical, Telecom and IT, Retail, Transportation and Logistics, Healthcare, Manufacturing, Media and Entertainment, Energy (oil, gas, and electricity), Engineering and Construction, Tourism and Others.

The Predictive Touch technology can be used to enhance current technology and user interface of many existing devices such as PC, tablets, mobile phone, laptop, and television.

For the different operating system, the Predictive Touch technology is required to serve various platforms such as windows, android, and IOS.

Predictive Touch Market: Regional Outlook

Across the region, North America dominated the global predictive analytics market and accounted 55.9% market share. Owing to the factor above, the global Predictive Touch Market is anticipated to spur over the forthcoming years in this region. Also, the growing demand for innovative business intelligence products in North America region has assisted the growth of the predictive Touch market in this region.

However, The European Market is expected to exhibit growth at a swift pace owing to the large-scale adoption of predictive analytics supporting tools in industries across the region.

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Predictive Touch Market: Potential Players

Since Market is very niche, very few players are currently catering the predictive touch market, so some key-development of the major players is listed below:-

  • On 8th May 2016, Microsoft proposed to predict touch technology for mobile phone utility and to enhance consumer experiences of touch screen devices. Key features associated with Microsoft predictive touchscreen cell phones were the nick of time; detects a finger approaching the screen else switch off screen light, highlighting of the link on small screen and facilities quick surfing.
  • On 15th Nov 2010, Nuance Communications, Inc. had developed XT9 predictive touch input device that assists in entering into the digital living room, with smart and effective technology inbuilt in it.

The report covers exhaustive analysis on

  • Predictive Touch market Segments
  • Predictive Touch market Dynamics
  • Historical Actual Market Size, 2012 – 2016
  • Predictive Touch market Size & Forecast 2017 to 2027
  • Supply & Demand Value Chain
  • Predictive Touch market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Predictive Touch market Drivers and Restraints

Regional Analysis for Predictive Touch market includes

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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
LinkedIn| Twitter| Blogs | YouTube