Market Research Blog – Page 3248 – New Product Development

Floor Displays Market is Expected to Reach at a US$ 4,390.5 Million by 2033 | FMI

The global floor displays market is estimated to secure a valuation of US$ 2,594.8 million in 2023 and reach US$ 4,390.5 million by 2033. The global market is expected to capture a CAGR of 5.4% in the global market during the forecast period.

Which End User Industry Drive the Global Market?

The global market is influenced by various industries, including:

Retail:Retail stores use floor displays to attract customers, promote products, and enhance the shopping experience. These displays are often strategically placed in high-traffic areas to grab shoppers’ attention and influence purchasing decisions.
Hospitality: The hospitality industry, including hotels, restaurants, and event venues, utilizes floor displays for wayfinding, event promotions, branding, and advertising. Floor displays can guide guests, showcase upcoming events, or display menu specials.

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Healthcare:In hospitals, clinics, and pharmacies, floor displays are used for patient information, directions, and health-related promotions. They can also be employed to provide information about healthcare products and services.
Transportation:In airports, train stations, and bus terminals, floor displays are used for passenger information, flight/train/bus schedules, and advertising. They help travelers navigate through the facilities and can also serve as revenue-generating advertising platforms.
Entertainment:The entertainment industry, including amusement parks, museums, and theaters, often uses floor displays to provide information about attractions, shows, and exhibits. These displays can also contribute to the overall immersive experience for visitors.

Automotive:Car dealerships and automotive showrooms use floor displays to showcase vehicles and highlight their features. These displays can create an appealing and informative environment for potential buyers.
Banking and Finance:Banks and financial institutions utilize floor displays for promotions, branding, and providing information about various financial products and services.

These are the prominent sectors that significantly drive the global market.

Key Takeaways:

The global floor displays market is estimated to register a CAGR of 5.4% with a valuation of US$ 4,390.5 million by 2033.
In the historical period, the market secured a CAGE of 4.7% between 2018 and 2022.
The United States is anticipated to dominate the global market by capturing the maximum share by 2033.

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How Prominent Players Bring Lucrative Growth in the Global Market?

The global market is highly fragmented by the present prominent players globally. These players are adopting advanced technologies to innovate, develop, and improve products as per consumers’ expectations. They are focused on developing cost-effective, high-quality, and sustainable products to attract consumers.

Key players adopt various marketing methodologies to bring unique and flexible products to expand the global market size. These marketing methodologies include mergers, acquisitions, partnerships, and product launches. These players are estimated to drive the global market to another height in the coming period.

Recent Developments in the Global Market are:

In 2021, Smurfit Kapa announced its newly launched floor displays dump bins. It is a small, easy-to-open, and excellent container for use in shops. It is widely used for promotional purposes.

Floor Displays Market by Category

By Type of Material:

Corrugated Board Floor Displays
Foam Board Floor Displays
Plastic Sheet Floor Displays
Glass Floor Displays
Metal Floor Displays

By Sales Channel:

Hypermarkets
Supermarkets
Departmental Stores
Specialty Stores
Convenience Stores

By Application:

Food & Beverages
Cosmetics & Personal Care
Pharmaceuticals
Printing & Stationary
Electronics
Automotive
Other Applications

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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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T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Banding Machine Market is Expected to Reach at a US$ 7.79 Billion by 2033 | FMI

The global banding machine market is likely to be worth US$ 4.92 billion in 2023. The market is projected to expand at a CAGR of 4.7% between 2023 and 2033, reaching a valuation of US$ 7.79 billion by 2033.

The banding machine industry is experiencing robust growth due to several key drivers. One of the primary drivers is the increasing demand for efficient and cost-effective packaging solutions across various sectors. Banding machines offer a reliable and eco-friendly alternative to traditional packaging methods, attracting businesses looking to optimize their packaging processes while reducing their environmental footprint.

Moreover, the rising emphasis on product presentation and branding in the retail and consumer goods sectors has fueled the adoption of banding machines, as they allow for customized and eye-catching banding designs that enhance product visibility and consumer appeal.

Despite the positive growth trajectory, the banding machine industry faces certain restraints that could hinder its full potential. One of the major challenges is the high initial investment required for advanced banding machine models.

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Small and medium-sized enterprises (SMEs) might find it difficult to afford the upfront costs, limiting their access to these efficient packaging solutions. Additionally, the banding machine market is highly competitive, with numerous players offering a wide range of products. This saturation can lead to pricing pressure, potentially impacting profit margins for manufacturers and suppliers.

The banding machine industry presents promising opportunities for expansion and diversification. With the growing focus on sustainability and eco-friendly practices, banding machines that utilize biodegradable and recyclable materials are likely to gain significant traction. Moreover, the increasing popularity of e-commerce and online retail platforms opens up new avenues for banding machines as they play a crucial role in securing and branding packages for safe shipping. Furthermore, emerging markets, especially in Asia-Pacific and Latin America, offer untapped opportunities for banding machine manufacturers to expand their global presence and cater to the rising demand in these regions.

Innovations in banding machine technology are driving the latest trends in the industry. Manufacturers are investing in research and development to introduce automated and intelligent banding machines. These machines can streamline packaging operations, improve efficiency, and reduce manual labor, making them attractive options for industries looking to optimize their production processes. Additionally, the integration of IoT and data analytics in banding machines enables real-time monitoring, predictive maintenance, and remote management, providing businesses with valuable insights to enhance productivity and performance. As consumers increasingly seek sustainable and environmentally conscious products, the industry is also witnessing a shift towards using eco-friendly and biodegradable banding materials, aligning with the global sustainability agenda.

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Key Takeaways from the Banding Machine Market:

The top 3 countries are estimated to hold approximately 35 to 40% of the global banding machine market by the end of 2033.
Japan’s banding machine market is projected to register a CAGR of 6.2% from 2023 to 2033, driven by surging demand for banding machines from the food and beverage industry.
The United States banding machine market is projected to create an absolute incremental growth opportunity of US$ 448.1 million during the forecast period, fueled by the rising adoption of advanced packaging solutions across various industries.
The majority of banding machine sales are likely to remain concentrated in the shipping & logistics sectors, creating a growth opportunity of US$ 1.3 billion from 2023 to 2033.
The 1.0 to 1.5 sec/straps segment is anticipated to hold the highest market share of 51% by the end of 2023, attributed to the rising end-user preference for banding machines with a strapping speed of 1.0 to 1.5 sec/straps.
The automatic segment is anticipated to remain lucrative in the global banding machine market due to the increasing adoption of automation by end-use industries.
The shipping & logistics segment is estimated to account for the highest market share in the global banding machine market.

What are Key Players Doing to Thrive in the Banding Machine Market?

The banding machine industry is characterized by intense competition and a diverse range of players vying for market share. Several established companies and emerging players are actively contributing to the growth and innovation in this sector.

Leading Manufacturers: Prominent manufacturers such as Signode, Fromm, and StraPack hold a significant share of the banding machine market. These companies offer a wide portfolio of banding machines with varying capabilities, catering to the needs of different industries. Their extensive distribution networks and strong customer relationships give them a competitive advantage in both domestic and international markets.
Innovative Start-ups: The banding machine industry is witnessing the emergence of innovative start-ups that are disrupting the market with cutting-edge technologies and unique product offerings. These start-ups are focused on introducing automated and smart banding machines that enhance efficiency and productivity, attracting the attention of industries seeking modern packaging solutions.
Regional Players: In addition to the global players, several regional companies are active in the banding machine industry. These companies often specialize in serving specific markets or niche industries, leveraging their understanding of local customer preferences and regulations. They play a crucial role in the regional distribution and customer support ecosystem.
Technological Advancements: Advancements in technology have spurred the entry of new players, including technology companies and engineering firms. These players are bringing expertise from diverse fields, such as robotics and automation, to develop innovative banding machine solutions that offer greater precision, speed, and customization options.
Collaborative Partnerships: Collaboration and strategic partnerships are becoming increasingly common in the banding machine industry. Manufacturers are joining forces with material suppliers and packaging companies to offer comprehensive packaging solutions to customers. These partnerships help streamline the supply chain and improve the overall value proposition.
Focus on Sustainability: With growing environmental concerns, several companies in the banding machine industry are emphasizing sustainability in their operations. They are developing banding machines that utilize eco-friendly materials and reduce waste generation, aligning with the global shift towards greener packaging practices.
Customer-Centric Approach: Competition in the banding machine industry is driving companies to adopt a customer-centric approach. Manufacturers are offering tailored solutions and exceptional after-sales services to build long-term relationships with customers and gain a competitive edge in the market.

Overall, the banding machine industry’s competitive landscape is dynamic and evolving, driven by technological advancements, changing customer preferences, and the growing emphasis on sustainable packaging solutions. Market players are continuously innovating and collaborating to stay ahead in this fast-paced and demanding market.

Banding Machine Market by Category

By Operation:

Semi-automatic
Automatic

By Strapping Speed:

1.0-1.5 sec/straps
1.6-2.0 sec/straps
Above 2.0 sec/straps

By End Use:

Food & Beverage
E-commerce
Pharmaceuticals
Electrical & Electronics
Household
Shipping & Logistics
Printing

By Region:

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

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Glimmering Growth: Gold Plating Chemicals Industry to Reach US$ 703.8 Million by 2033

The gold plating chemicals industry is securing a valuation of US$ 467.1 million in 2023 and is anticipated to rise to US$ 703.8 million by 2033. The market is registering a CAGR of 4.5% during the forecast period.

Trends in the Global Gold Plating Chemicals Market

The increasing demand for gold plating chemicals in the electronics industry, particularly in consumer electronics manufacturing, is fueling market trend. Gold plating enhances connectors’ and other electronic components’ electrical conductivity and durability.

Another factor contributing to the growth of the gold plating chemicals market is the rising demand for jewelry and other luxury items. Gold plating is a popular method of adding a layer of gold to items made from other materials such as silver, brass, or nickel.

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In terms of trends, there is a growing interest in developing eco-friendly gold plating chemicals that are less harmful to the environment and human health. It is driven by increasing consumer awareness of sustainability and the need for businesses to adopt more sustainable practices.

The growing trend towards using non-cyanide gold plating chemicals upsurges the market size. Cyanide-based chemicals have traditionally been used in the gold plating process, but concerns about their toxicity and environmental impact exist. Non-cyanide alternatives are seen as safe and sustainable options.

Overall, the gold plating chemicals market is expected to grow in the coming years, driven by demand from the electronics and luxury goods industries.

Key Takeaways:

The gold plating chemicals market is expected to have a valuation of US$ 8 million by 2033.
With a CAGR of 5%, the global market is increasing during the forecast period.
The market in the United States is anticipated to capture a CAGR of 3.5% in the global market through 2033.
China is dominating the global market by capturing a valuation of US$ 138.6 million by 2033.
Historically, the market captured a valuation of US$ 5 million between 2018 and 2022.

Who is Winning?

The market is highly competitive, with several key players present globally. These players invest huge amounts in research & development activities to generate maximum profit in the market. The marketing tactics that players adopt include mergers, collaborations, partnerships, agreements, and product launches.

Other Essential Players Working in the Market:

Atotech Deutschland GmbH
Technic, Inc.
American Elements
Electroplating Engineers of Japan, Ltd. (EEJA)
Umicore Group
HEESEMANN Maschinenfabrik GmbH
Heraeus Holding GmbH
Johnson Matthey Plc
Tanaka Holdings Co., Ltd.
Legor Group S.p.A.
Coventya Holding SAS
DOW Chemical Company
Advanced Chemical Company
Japan Pure Chemical Co., Ltd.

Recent Developments in the Global Market:

Atotech is a leading player in the market, offering various products for the electronics, automotive, and decorative industries. In 2020, the company launched a new electroless nickel immersion gold (ENIG) process designed to provide superior adhesion and corrosion resistance for PCBs (printed circuit boards).
Heimerle + Meule GmbH is a German company that specializes in precious metal refining and surface treatment. In 2020, the company introduced a new line of cyanide-free gold plating chemicals called Auruna 5500.
Technic Inc. is a US-based company that provides various plating chemicals and equipment for the electronics, automotive, and medical industries. In 2020, the company launched a new line of non-cyanide gold plating chemicals called Techni Gold NC. These chemicals are designed to offer improved performance and efficiency compared to traditional cyanide-based alternatives.
Uyemura International Corporation is a Japanese company that specializes in surface finishing technologies. In 2021, the company announced the development of a new gold plating process called Miralloy. This process provides high corrosion and wears resistance for connector contacts and other electronic components.
Japan Pure Chemical Co. Ltd. is a Japanese company that produces various chemicals for the electronics, automotive, and aerospace industries. In 2020, the company introduced a new line of gold plating chemicals called GOLDCORE PL.

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Gold Plating Chemicals Market by Category

By Chemicals:

Potassium Gold Cynide
Palladium Acetate
Sodium Succinate
Succinic Acid
EDTA
Others

By Type:

Cleaning Chemicals
Pre-treaters
Electrolyte Solutions
Acids
Additives
Others

By Application:

Electronics
Jewellery
Infrared Reflector & Radars
Gold Plated Products
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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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Benzyl Alcohol Market to Be Worth US$ 69.4 million by 2034, Spurred by Extensive Application in Pharmaceutical and Food & Beverages Industries

According to the latest analysis, the global benzyl alcohol market is estimated to be valued at US$ 38.3 million in 2024 and will likely total US$ 69.4 million by 2034. Global benzyl alcohol demand is anticipated to rise at a CAGR of 6.0% throughout the forecast period.

The benzyl alcohol industry is set to experience steady growth during the forecast period, driven by several key factors. These include widening applications of benzyl alcohol across diverse sectors, including food & beverage, pharmaceutical, paints, and personal care.

Benzyl alcohol finds applications across various industries. One of the primary drivers of its growth is its widespread use as a solvent in the formulation of numerous pharmaceutical products.

Benzyl alcohol is increasingly used in several pharmaceutical formulations. This is due to its effectiveness as a solvent for a wide range of substances, low toxicity, and favorable safety profile.

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The versatility of benzyl alcohol extends to its use as a precursor in the synthesis of various chemicals and polymers. It serves as a building block in producing numerous derivatives used in applications ranging from paints and coatings to adhesives and plastics.

The expanding industrial sector, particularly in emerging economies, is set to further fuel demand for benzyl alcohol as a key raw material in manufacturing processes. Similarly, the growing adoption of benzyl alcohol as a preservative in food products, cosmetics, and personal care items to extend their shelf life will likely fuel sales.

Key Takeaways from the Report:

The global benzyl alcohol market value is expected to total US$ 69.4 million by 2034.
Based on application, the food & beverage segment is set to rise steadily through 2034.
China is poised to record a CAGR of 7% from 2024 to 2034.
The United States market size is set to reach US$ 22.4 millionin 2034.
Benzyl alcohol demand in India is anticipated to rise at 2% CAGR through 2034.

“Extensive applications of benzyl alcohol as a preservative and solvent across diverse industries, including food & beverage and paints & coatings, is expected to boost sales growth during the next ten years.” – Nandini Roy Choudhury, Client Partner at Future Market Insights

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Who is Winning?

Lanxess AG, Elan Chemical Company Inc., Hubei Greenhome Fine Chemical Co., Ltd., Pharmco-AAPER, Wuhan Youji Industries Co., Ltd., Synerzine Inc., Merck KGaA, Emerald Performance Materials and Avantor, Inc., Finar Chemicals, and Ineos are leading benzyl alcohol manufacturers and suppliers listed in the report.

Key players are focusing on increasing their production capacities to meet growing demand for the industrial sector. They are forming partnerships and strategic alliances with end-use industries to boost their revenue.

Recent Development:

In 2023, LANXESS doubled its high-purity benzyl alcohol production at its site in Kalama, Wash., to support the growth of its customer base in North America.

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Get More Valuable Insights

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global benzyl alcohol market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.

The study incorporates compelling insights on the benzyl alcohol industry based on grade (industrial grade, food grade, and pharmaceuticals grade), end-use (food & beverages, paints & coatings, pharmaceuticals, and others), application (cleaning agent, synthetic solvent, epoxy resins, bacteriostatic preservatives, dielectric solvent, and others), and region.

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Bakery Fat Market Set to Grow: Projected Expansion at a 5.7% CAGR by 2034 – Growth Opportunities in Changing Consumer Preferences and Health Trends

According to Future Market Insights (FMI), the global bakery fat market is projected to expand substantially from US$ 1420.2 million in 2024 to US$ 2471.1 million by 2034. The market is expected to surge at a CAGR of 5.7% during the forecast period. Bakery fats are essential in producing a wide range of bakery products, such as bread, cakes, pastries, and cookies.

Consumers are becoming more aware of the impact of dietary choices on their health. They prefer food products with improved nutritional values. There is a rising demand for safer and healthier bakery items among health-conscious consumers across the globe, which is driving market growth.

To stay competitive in the market, manufacturers are also adopting several growth strategies and approaches, such as direct-to-consumer and online retail sales models, to reach consumers with diverse product offerings. This aligns with changing consumer shopping habits and preferences for online convenience.

In the near future, consumers are likely to hunt for products that offer nutritional benefits, including those with functional ingredients, organic components, and gluten-free options. The growing ease of online shopping is projected to boost sales as key players leverage digital platforms to the broader consumer base.

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Key Takeaways from the Bakery Fat Market Report:

The bakery fat market is projected to grow at a CAGR of 5.7% during the forecast period.
The United States bakery fat market is expected to grow at a CAGR of 5.7% during the forecasted period.
Based on product type, the shortening segment is expected to dominate the market with 32% market share in 2024.
Based on end-use, the industrial segment is expected to hold a leading market share of 65% in 2024.
China is projected to surge at a CAGR of 7.7% by 2034.

“The bakery fat market is experiencing globalization, driven by rising consumption in developing regions. The rise of e-commerce platforms and digital marketing channels is also set to push demand. Manufacturers are leveraging these platforms to reach a wider audience and effectively promote their products.”- says a lead analyst at Future Market Insights (FMI).

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Competitive Landscape

AAK (UK) Limited, Cargill, ConAgra, CSM Bakery Solutions, Fuji Oil Co. Ltd., Goodman Fielder, Unilever, and Wilmar International are the key players. Leading companies are expanding their product portfolios and employing strategies like advertising, partnerships, acquisitions, agreements, and mergers to maintain market relevance and drive growth in the bakery fat market.

For instance,

In 2023, the Finsbury Food Group acquired Johnstone’s Just Desserts. This tactical move allowed Finsbury to enrich its position in the bakery industry and secure a larger share of the market
In 2023, Investindustrial acquired CSM Ingredients from CSM Bakery Solutions. The transaction aimed to strengthen Investindustrial’s position in the baking ingredients market.

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Key Coverage in the Bakery Fat Industry Report

Bakery Fat Market Scope
India Bakery Ingredients Market Size & Share Analysis
Drivers for Bakery Fat Market Growth
Study on Bakery Fat Substitutes
Pricing Analysis of the Bakery Fat Market
Detailed Information on Shortening Fats Market Size, Top Bakery Fat Retailers in Market, and Specialty Fats & Oils Market Scope
Opportunities for Bakery Fat Market in India
Growth Potential of the United States Bakery Fat Industry

Bakery Fat Market Segmentation by Category

By Type:

Shortening
Margarine
Bakery Oils
Others

By End-use:

Industrial
Residential

By Distribution Channel:

B2B
B2C
- Hypermarket
- Supermarket
- Retail Stores
Online Retailing

By Region:

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

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Europe & Asia Pacific Herbal Beauty Products Market: Predicted to Grow at 3.7% CAGR Through 2026

During the forecast period, the Europe & Asia Pacific herbal beauty products market is expected to register a CAGR of 3.7% due to various factors, as detailed insights are offered by FMI. By 2026, the Europe & Asia Pacific herbal beauty products market is projected to surpass US$ 3197.49 Million.

The demand for clean label beauty care products is rapidly increasing among consumers due to growing awareness of herbal and natural ingredients. Consumers are shifting towards greener products as synthetic cosmetic products often contain harmful chemicals with known negative consequences. Moreover, consumers are becoming more cognizant of the benefits offered by herbal products, thanks to promotional activities on social media and other advertising platforms.

Herbal skin care products are known to enhance the texture, tone, and overall appearance of the skin by providing essential nutrients. The development of new products in the herbal and natural personal care products market is driven by the rising consumer demand for environmentally friendly grooming items. Manufacturers are continually introducing herbal personal care products with therapeutic properties and long-term benefits to cater to the evolving needs of consumers, thus expanding their customer base.

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Segmentation analysis

On the basis of end-use, the Europe & Asia Pacific herbal beauty products market is segmented into male and female. Female segment is estimated to account for the largest share by 2016 end. Male segment is expected to account for substantial growth over the forecast period. Increasing inclination of male consumers towards personal grooming and outward appearance among is expected to support growth of the male segment over the forecast period.

Europe & Asia Pacific herbal beauty products market is also segmented on the basis of distribution channel which includes supermarket, specialty stores, departmental stores, drugstores, online/direct selling, and beauty salons. Among all these segments, supermarket segment is expected to account for relatively higher value share during the forecast period. Specialty stores segment has been estimated to occupy the second largest share accounting for 21.1% value share in 2015.

As far as the types of herbal beauty products are concerned, Europe & Asia Pacific herbal beauty products market is segmented into skin care, hair care, oral care, and fragrance. Among all these segments, skin care type segment has been estimated to represent 45.7% value share in 2016 and expected to remain dominant over the forecast period.
Increasing acne issues owing to increasing humidity and pollution levels is expected to drive growth of the skin care type segment in the market during the forecast period. Skin care segment is sub-segmented into cream & lotion, cleanser & toner, facewash & scrub and others. Among these sub-segments, cream and lotion is expected to account for major value share over the forecast period.

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Hair care segment is expected to occupy second largest position on the pie in terms of revenue contribution. The Hair care segment is sub-segmented into powder, hair oil, conditioner, shampoo, and others. The Oral care segment is likely to represent substantial growth over the forecast period. The segment is projected to represent 3.1% CAGR in terms of value growth by 2026 end.

Regional analysis

This report discusses trends driving growth of each segment and offers analysis and insights of the potential of the Europe & Asia Pacific herbal beauty products market in specific region including Asia Pacific (APAC) and Europe. Markets in APAC are expected to record high growth rates in terms of value between 2016 and 2026. Japan has been estimated to be the largest consumer of herbal beauty products followed by China in 2015 across the APAC region.

Vendor insights

This report covers detailed profiles of key players in Europe & Asia Pacific herbal beauty products market, which includes key strategies, key developments, product offerings and others. Key companies profiled in this report are

Bio Veda Action Research Co.,
VLCC Personal Care Ltd.
Surya Brasil
Dabur India Ltd.
Himalaya Global Holdings Ltd.
Lotus Herbals
Hemas Holdings Plc
Sheahnaz Herbals Inc.
Herballife International of America Inc.

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Sheep Supplies Market Growth: Industry Reaching to US$ 6.97 billion by 2033

The Sheep Supplies Market is expected to grow from its current value of US$ 4.49 Bn in 2023 to US$ 6.97 Bn by 2033. During this forecast period, the market is anticipated to expand at a CAGR of 4.5%.

The forecast period is expected to see an increase in revenue for the global sheep supplies market. Increased demand for livestock farm equipment from all around the world is accountable for this surge. There is a wide variety of sheep farming equipment on the market nowadays including sheep supplies.

Numerous factors are driving the growth of the global sheep supply market. The development of sheep populations and technical advancements are two of the main contributors to this proliferation. A rise in demand from end users is also promoting market expansion.

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In addition, the growing need for automation of different sheep husbandry activities is another key factor in the expansion of the global market. The market is expected to rise as a result of the expansion of the livestock sector and the increased adoption of cutting-edge technology.

Multiple uses of sheep supplies, like feeding, milking, monitoring, and cleaning is creating demand in livestock farms. The application of these sheep supplies boosts productivity and guarantees optimal management. Demand for milk, meat, and other sheep products has significantly increased as a result of the growing global population. In addition, the rising demand for woolen goods is boosting the expansion of the global market for sheep supplies.

The demand for supplies used in domestic sheep husbandry is expanding. This is due to the fact that business owners are choosing to employ these technologies more frequently to boost output and revenue. Additionally, they use sheep supplies to keep their domestic sheep clean and more hygienic, which helps to prevent any disease.

Manufacturers continue to place a high priority on R&D initiatives in an effort to lower the current price of the supplies. The makers of sheep supplies are concentrating on enhancing their product range in order to boost sales.

North America is anticipated to rule the sheep supplies market. In recent years, understanding of the usage of livestock farming equipment has increased in the region along with practical experience. The advantages of using sheep supplies, such as increased farm efficiency, have made them quite popular.

KEY TAKEAWAYS

The market for sheep supplies in the United Kingdom is anticipated to grow at a CAGR of 4.8% through 2033.
The US dominated the sheep supplies market in 2022 holding a 28.0% share of the global market.
Japan was reported to possess a 5.3% share of the global sheep supplies market in 2022.
With a CAGR of 5.3% over the forecast period, India is predicted to grow rapidly in the market for sheep supplies by 2033.
The sheep supplies market in China is expected to grow at a CAGR of 3.6% over the forecast period.
Germany accounted for 18.1% of the global sheep supplies market in 2022.

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COMPETITIVE LANDSCAPE

The top manufacturers of the sheep supplies market are Ritchie, Te Pari, Cotter Agritech, O’Donnell, Tru-Test, Premier 1 Supplies, Cotter Agritech, OVI Handling, Huber Requirement, Arrowquip, Shepherdsmate, StowAg, Abattoir equipment & tools and others.

To increase their share in the global market for sheep supplies, these businesses have employed a range of strategies. They have boosted its clientele and earnings by utilising both organic and inorganic development strategies, such as the introduction of new products, acquisitions, corporate expansions, and collaborations.

RECENT DEVELOPMENT

In May 2022, along with the targeted worming system known as the SmartWorm app, Cotter Agritech introduced the cottar crate sheep handling device for weighing.
In June 2021, the VIMCO® Mastitis Vaccine for Goats and Sheep was advertised as a product offered by Premier 1 Supplies. A USDA-approved mastitis vaccination for goats and sheep has not been available in the USA up to this point.

India POU Water Purifiers Market: Predicted to Grow at 18.5% CAGR Through 2032

The India POU water purifiers market is predicted to grow at 18.5% CAGR through 2032. The India POU water purifiers market is expected to surpass US$ 3.5 Billion by 2032.

The rapid growth in the number of towns and cities in India has resulted in significant depletion of groundwater levels. As borewells are drilled deeper, there is a discovery of “new-age” contaminants such as fluorides, arsenic, and lead.

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The India water purifier market faces challenges, with the primary threat being spurious assembled me-too brands. These devices sell at relatively low costs and lack quality checks, gaining rapid approval and market penetration. As a result, the growth of the India water purifier market is constrained by these factors.

The India water purifier market is expected to witness robust CAGR growth rate of nearly 18.5% by 2020. Rise in awareness about safe drinking water, increasing urbanization, high per capita income, and supply side strategies are some of the prominent factors driving the demand for water purifier across the country.

Also, influx of cutting-edge technology to offer superior water purification is expected to bolster the market growth thereby increasing competitiveness in the market. In terms of value, RO is the major segment for water purifier market. In this study, we analyze the India Water Purifier Market during 2014-2020. We focus on:

Market size and forecast, 2032
Key Trends and Developments of water purifier products by process type-RO,UV, and Media
Key Drivers and developments in particular regions in North, South, East and West
Government policies and initiatives for water purifier market in all four regions

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Key Geographies Covered

North, South, East, and West

Examples of key Companies Covered

Eureka Forbes,

Kent,
Hindustan Unilever,
Ion Exchange,
Tata Chemicals,
Hi Tech RO,
EsselNasaka,
Whirlpool,
Godrej
Panasonic Corporation

Author

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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Nandini Singh Sawlani

Quieting Down the Future: Acoustic Insulation Market on the Rise to US$ 26,550.8 Million by 2033

The acoustic insulation market size is projected to reach US$ 15,061.4 million in 2023. With the growing demand for acoustic insulations across various end-user industries, the market graph is likely to shoot up. The market is likely to garner US$ 26,550.8 million by 2033 while exhibiting a CAGR of 5.8% from 2023 to 2033.

The installation of sound barriers has increased dramatically in a variety of sectors, including trains, highways, airport runaways, stations, and others, as a result of an increasing focus on developing building infrastructure to provide a comfortable environment in public areas.

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Another significant factor influencing the market is the rise in product releases. For instance, Armacell declared a strategic alliance with the German TITK Group and Melamine in January 2021. Armacell said that it would use nonwovens made of melamine resin to produce effective insulating solutions. It is UV and flame-resistant.

Armacell released the ArmaGel DT acoustic insulator in August 2020, as another example. It has decreased insulation thickness compared to its other insulation competitors while providing remarkably low heat conductivity and high acoustic performance. The market is expected to grow shortly as a result of the introduction of such updated and sophisticated products.

On the other hand, market expansion is projected to be significantly hampered by Europe’s slow expansion of construction activities. Other factors limiting industrial expansion include raw material instability and increasing demand for raw materials containing greenhouse emissions. However, the market is projected to overcome the limiting circumstances with the introduction of aerogel, assisting in market expansion.

Competitive Landscape:

Key players in the global acoustic insulation market include Saint-Gobain, Knauf Insulation, Soprema, Armacell International, and Rockwool International A/S, among others. Recent developments among players include:

In January 2020, Saint-Gobain acquired Sonex in Brazil, a company renowned for manufacturing and supplying acoustic ceiling systems, marketed in particular under the Nexacustic, Sonex, and Fiberwood brands. The initiative is expected to expand the group’s position in Brazil.
In August 2020, Armacell rolled out ArmaGel DT. ArmaGel product offers good thermal and acoustic solutions to customers globally with fine quality.

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Key Segments Covered in the Acoustic Insulation Market Survey:

By Type:

Glass Wool
Rock Wool
Foamed Plastic
Elastomeric Foam

By End Use Industry:

Building and Construction
Transportation
Oil & Gas and Petrochemicals
Energy & Utilities
Industrial & OEM

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Emission Control Catalyst for Marine Market to Reach US$ 1,673.01 Million by 2033

The emission control catalyst market for marine applications is expected to grow at a significant compound annual growth rate of 5.3% during the forecast period, with a projected value of US$ 998.19 million in 2023 and a rise to US$ 1,673.01 million by 2033.

Maritime emission control catalysts are designed to minimize harmful emissions from marine engines and equipment such as ships, boats, and yachts by converting toxic pollutants in engine exhaust into less dangerous molecules.

The International Maritime Organization (IMO) has established rigorous emissions requirements for ships and other marine vessels, increasing demand for emission control catalysts.

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Diesel oxidation catalysts (DOCs), selective catalytic reduction (SCR) systems, and diesel particulate filters (DPFs) are among the pollution control catalysts available for maritime applications, and which system to choose is determined by criteria such as engine type, operating conditions, and specific emissions standards.

The rising demand for fuel efficiency is another major driver of the emission control catalysts industry, with a need to cut fuel use. Large marine vessels often require a lot of fuel, and catalytic converters can assist in improving fuel economy by turning hazardous pollutants into less damaging molecules.

Increased commercial vessel sales are likely to drive sales of diesel-based emission catalysts, which account for 86.6% of the market in 2023, while gasoline-based emission catalysts are expected to capture 14.4% of the market share.

Commercial vessels, including container ships, bulk carriers, tankers, and other commercial boats, are a significant area in the marine industry’s emission control catalyst market.

Japan is a prominent player in the maritime industry’s pollution control catalyst market, with a considerable market share (10.9%), and is expected to continue to play a leading role in the development and deployment of innovative emission control technologies in the coming years.

The United States is likely to capture 7.9% of the market share in 2023 due to the presence of several big technologies as well as the rapidly developing marine shipping and transportation industry in the region

Competitive Landscape.

To develop new prospects, key companies in marine catalysts intend to upgrade their existing production facilities as well as extend their manufacturing capacities. Companies are also working on collaborations and partnerships with other manufacturers in order to harness new products and technologies in order to boost profitability and geographical presence.

Key Companies Profiled

BASF SE
Johnson Matthey
Heraeus Holding
Haldor Topsoe
NGK Insulators
Alfa Laval
Tenneco Inc.
Nett Technologies Inc.
Cormetech
Cataler Corporation
Catalytic Combustion Corporation
Hug Engineering Inc.

The market’s leading players are mostly concerned with the technical aspects of the business.

Johnson Matthey, for example, has introduced an automatically regenerating Active DPF diesel particulate filter (DPF) system for stationary diesel engines. The innovative method generates clean energy without the use of a filter monitoring system.
Hug Engineering introduced selective catalytic reduction systems that comply with the IMO Tier 3 exhaust pollution rules for the marine industry in January 2021.
Johnson Matthey launched the revolutionary Active DPF diesel particulate filter (DPF) system for stationary diesel engines in March 2019. This would continue to supply renewable electricity without the need for a filter management device. This cutting-edge technology would assist the corporation in meeting the needs of clients in the automobile industry.

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Key Segments Covered in the Emission Control Catalyst for Marine Market Report

By Product Type:

Diesel-Based Emission Catalyst
Diesel Oxidation Catalyst (DOC)
Selective Catalytic Reduction Catalyst (SCR)
Catalyzed Soot Filter/Diesel Particulate Filter
Ammonia Oxidation Catalyst (AMX)
NOx Absorbers
Gasoline-Based Emission Catalyst
Palladium based catalyst
Rhodium based catalyst
Platinum based catalyst

By Application:

Commercial Vessel
Offshore Support Vessel
Passenger Vessel
Power Boat
Fishing Boat

By End Use:

OEM
Retrofit

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani