Market Research Blog – Page 3314 – New Product Development

Wrap-around Label Market is Anticipated to Reach US$ 13.8 Billion by 2033 | FMI

Global sales of wrap-around labels are estimated to be valued at US$ 8.8 billion in 2023 and are anticipated to reach US$ 13.8 billion by 2033. Sales are projected to expand at a CAGR of 4.9% over the forecast period between 2023 and 2033.

The global market for wrap-around labels expanded at a CAGR of 2.6% during the historical period. It reached a market value of US$ 8.3 billion in 2022 from US$ 7.1 million in 2018.

Wrap-around labels can create an appealing look that can impact buyers’ purchasing decisions when they apply thoughtfully. As consumers shop in person and online, colors and packaging shapes attract their texture and added elements such as metallic and custom finishes such as embossing and foil stamping.

The growing e-commerce sector has increased the demand for packaging that is both efficient and less harmful to the environment. Consumers are encouraged to look for more enticing and eco-friendly choices, such as clear film labels on recyclable adhesives, clear substrates, and liner-free labels.

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The demand for labels is expected to rise due to the growing requirement from significant end-use sectors, including pharmaceutical and food and beverage. A key competitive advantage is granted to the label in the pharmaceutical industry by the growing trend for serialization by pharmaceutical enterprises.

Manufacturers are embracing authentication and brand protection technologies with the increasing prevalence of imitation on the rise. Higher authorities in the world are mandating QR codes on the product packaging for track and trace mechanism that helps in the detection of substandard and altered products.

Several countries are enforcing strict regulations restricting the import and export of goods and commodities that do not have genuine labels. Governance authorities are also taking initiatives to increase awareness among buyers about counterfeiting. The actions taken by government bodies to control the creation of counterfeit product has constructed substantial growth prospects for the wrap-around label market.

Key Takeaways from the Wrap-around Label Market Study-

Shrink labels are leading the wrap-around label market, creating a financial potential of US$ 1,312.7 million by 2033.
Plastic is set to dominate the wrap-around label market with a 90% share in 2033.
Paper material segment is expected to record a CAGR of 4.8% during the forecast years and expand 1.6 times its current market value.
Digital printing is expected to gain US$ 1,205.5 million market value in 2023 and expand further at a CAGR of 5.0% by 2033.
Based on end-use, the food segment is projected to capture 29% of market share by 2033, recording a CAGR of 4.4%.

“The ability to accommodate complex shapes and sizes along with providing seamless and eye-catching branding solutions are highly desirable factors for packaging contributing to the wrap-around label market.”- says Ismail Sutaria (Lead Consultant, Packaging and Materials).

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Elevated Focus on Branding and Promotion of Products

Wrap-around labels provide a wealth of unique opportunities for branding and promotion, making them a sought-after choice for marketers aiming to create impactful packaging solutions. Wrap-around labels offer 360-degree branding opportunities and unique possibilities for attention-grabbing design.

Manufacturers design and implement effective product labeling using wrap-around labels to meet consumers’ needs for branding, promotion, or identification. Continuous warp labels are fit for a variable array of uses and offer an interesting aesthetic for consumer products.

Through digital printing capabilities, brands can easily create variations of wrap-around labels tailored to diverse regions, demographics, or seasonal campaigns. This level of customization allows brands to resonate with specific target markets, adapt to cultural preferences, and respond to local trends, further strengthening their market presence and relevance.

Competitive Landscape

Amcor plc, Huhtamaki Oyj, Fuji Seal International Inc., Avery Dennison Corp, and Klockner Pentaplast Group are a handful of the noticeable players in the market. The Tier 1 players hold 10 to 15% of the overall wrap-around label market.

Leading companies operating in the wrap-around label market are providing customized labeling solutions for meeting the specific needs of end-use industries. Companies are enhancing their product offering and expanding their geographical reach to gain the maximum market share. They are offering high-quality labels with advanced printing solutions to fulfill branding needs.

For instance,

In June 2023, Klockner Pentaplast Group announced the launch of its specially formulated fully recyclable vacuum film by collaborating with Dow Co. to maximize food protection.
In June 2022, Fuji Seal International Inc. announced the launch of resource recycling shrink sleeve labels for plastic bottles.
In November 2022, Multi-Color Corporation collaborated with Extrupet and Coca-Cola to bring recyclable shrink sleeve labels to the South African market.

Get More Valuable Insights into Wrap-around Label Market Study

Future Market Insights (FMI), in its new report, offers an unbiased analysis of the global market for wrap-around labels, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033.

The study reveals market growth projections on the global wrap-around label market based on material (paper, plastic), product (stretch label, shrink label, cut and stack label, roll feed label, pressure sensitive label), printing technology (rotogravure printing, flexographic printing, offset printing, digital printing, letterpress printing, thermal printing), and end-use (food, beverages, pharmaceutical, cosmetics and personal care, chemicals, home care and pet care, other consumer goods).

About the Packaging Division at Future Market Insights (FMI)

The packaging division at Future Market Insights (FMI) provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials and packaging machinery to packaging designs & formats, Future Market Insights (FMI) has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations.

With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

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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Fabric Cutting Machine Market is Estimated to Cross a Valuation of US$ 644.4 Million by 2034 | FMI

The fabric cutting machine market is estimated to be worth US$ 429.5 million in 2024. The industry is projected to surpass US$ 644.4 million by 2034. The demand for fabric cutting machines is anticipated to rise at a sluggish CAGR of 4.1% from 2024 to 2034.

The fabric cutting machine industry is being propelled by the growing demand for automation and efficiency in the apparel and textile sector. The need for rapid production and customization in the manufacturing process has driven the adoption of advanced cutting technologies. The surge in demand for technical textiles and the growing emphasis on intricate designs in garment production contribute to the positive momentum in the fabric cutting machine industry.

Despite the overall growth, the fabric cutting machine industry faces certain restraints. Intense competition has led to price pressures, particularly in segments sensitive to pricing. The industry’s price-sensitive nature challenges manufacturers, impacting profit margins. Moreover, slow adoption rates in some regions and sectors contribute to a fragmented market landscape.

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Amidst the challenges, there are significant opportunities for growth in the fabric cutting machine industry. The increasing global focus on sustainability and environmentally friendly practices opens avenues for manufacturers to develop and promote eco-friendly cutting solutions. The demand for specialized cutting machines tailored to unique applications such as technical textiles and composites creates niche markets for innovative solutions.

A key trend is the integration of Industry 4.0 principles, where fabric cutting machines are incorporating smart technologies for enhanced automation and connectivity. Real-time tracking, data analytics, and remote monitoring are becoming integral features. Another trend involves manufacturers focusing on sustainability by adopting greener practices and materials in cutting machine production. Additionally, the customization trend in the textile sector is driving the development of cutting solutions that cater to the specific needs of diverse market segments.

“The demand for specialized cutting machines tailored to unique applications, such as technical textiles and composites, opens up niche markets waiting to be explored. This presents an avenue for innovation, where companies can differentiate themselves by offering solutions specifically designed to address the unique needs of these specialized sectors.”- Says Ismail Sutaria, Principal consultant at Future Market Insights

Key Takeaways from the Fabric Cutting Machine Market

Laser cutting segment secure a 41.6% share of fabric cutting machine industry in 2024.
The textile end-use segment dominates with a significant 53.7% market share in 2024.
Fabric cutting machine industry in India is foreseen to expand at a CAGR of 6.4% through 2034.
The United States fabric cutting machine industry is likely to witness a moderate CAGR of 2.5% through 2034.
Germany fabric cutting machine industry is set to see a sluggish CAGR of 1.9% through 2034.
China fabric cutting machine industry is projected to achieve a stable CAGR of 5.7% through 2034.
India is poised for remarkable growth in the fabric cutting machine industry, with a CAGR of 6.4% through 2034.
The United Kingdom is expected to encounter a moderate CAGR of 3.9% through 2034.

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Competitive Landscape of the Fabric Cutting Machine Market

The fabric cutting machine industry boasts a competitive landscape characterized by diverse players segmented based on technology, application, and geographic location. Key players include established global companies like Gerber Technology, Lectra, Eastman Machine Company, and Zünd, holding significant market share with well-established brands and extensive product portfolios.

Intense competition prompts players to vie for market share through factors like price, technology, service, and brand reputation. The industry is witnessing constant innovation to develop new technologies and features, with manufacturers seeking to differentiate themselves. Mergers and acquisitions are expected to play a role in industry consolidation as companies aim to expand their product portfolios and geographic reach.

Success in this industry hinges on factors such as technological innovation, tailoring solutions to specific market needs, building a solid brand reputation, implementing effective marketing and sales strategies, and integrating eco-friendly features and practices into production processes. By focusing on these key factors, companies can position themselves effectively in the fabric cutting machine industry and secure a profitable market position.

Key Players:

Brother Industries, Ltd.
Eastman Machine Company
Gerber Technology, Inc.
Lectra
Zünd Systemtechnik AG
Calemard
Juki Corporation
Eastman Machine Company
Rexel
Sodafa Esca
Kuris Spezialmaschinen AG
BRM Lasers
Aeronaut Automation Pty Ltd

Recent Developments in the Fabric Cutting Machine Market

In 2020, Gerber Technology introduced the Gerber Atria Digital Cutter, which is intended for high-volume, mass manufacturing of woven and knit textiles.
In 2021, Lectra released the Vector iX6 fabric cutter, which is specifically built for cutting denim materials. To achieve high-quality cuts and minimize fabric distortion, the cutter employs a proprietary knife sharpening system, a high-performance vacuum system, and a smart knife cooling system.
In 2021, Eastman Machine Company released the Eastman Talon 75x fabric cutting system, a fully automated solution for cutting several heavy-duty textiles. To cut materials up to 7.5 cm thick, the system employs a conveyorized cutting surface, a dual rack-and-pinion drive system, and a high-speed rotary blade.

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Key Segmentations:

By Machine Type:

Manual
Semi-automatic
Automatic

By Cutting Method:

Band Knife Cutting
Straight Knife Cutting
Round Knife Cutting
Die Cutting
Water Jet Cutting
Laser Cutting
Air Jet Cutting

By Fabric Type:

Woven Fabric
Knitted Fabric
Non-woven Fabric

By End Use:

Aerospace
Automotive
Textile
Luggage
Industrial Fabrics
Medical
Leather
Others

By Region:

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

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Global Bone Graft Fixation System Market is expected to expand steadily, reaching US$ 5.49 billion by 2032, with a CAGR of 6.2%, based on FMI’s analysis

The global bone graft fixation system market is poised for substantial growth in the coming decade, with estimations projecting a surge from US$ 2.85 Billion in 2022 to an impressive US$ 5.49 Billion by 2032, boasting a robust Compound Annual Growth Rate (CAGR) of 6.2%.

A bone graft fixation system plays a vital role in the medical field by facilitating the repair and transplantation of broken bones or damaged joints. This essential tool promotes bone tissue regeneration, utilizing either a piece of bone or a bone-like substance. The procedure involves creating a gap and introducing graft material into the bone, initiating the critical process of bone regeneration.

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The market for bone graft fixation systems is diverse, catering to various types of fractures, their locations, and severity levels. Dental implants, fibular fractures, joint fusion, and bone fracture healing all leverage the bone graft fixation technique, emphasizing its versatility and broad application in the healthcare sector.

The bone graft fixation system assists in key bone regeneration processes, including osteogenesis, osteoinduction, osteoconduction, and osteopromotion, collectively contributing to the successful treatment and recovery of patients with fractures or joint-related issues.

Future Market Insights, a leading player in the Bone Graft Fixation System Market, is strategically positioned to capitalize on this significant market expansion. With a commitment to innovation, quality, and patient outcomes, Future Market Insights is well-prepared to meet the rising demand for advanced bone graft fixation systems.

“Our dedication to advancing healthcare solutions aligns perfectly with the growing need for sophisticated bone graft fixation systems globally. As the market expands, Future Market Insights remains at the forefront, delivering cutting-edge technologies to enhance patient care and outcomes,” stated at Future Market Insights, Inc.

As the company prepares for this anticipated growth, Future Market Insights will continue to invest in research and development, ensuring that its product offerings stay at the forefront of technological advancements in the bone graft fixation system market.

Surging Demand for Bone Graft Fixation Systems: A Closer Look at Key Drivers:

The bone graft fixation system market is poised for significant growth in the coming years, fueled by a convergence of factors. This essential medical tool, used by general orthodontists, orthopedics, and spinal fusion specialists, caters to a large and diverse patient population. Several key drivers are expected to propel this market forward:

Rising Surgical Volume: As the global population ages and experiences more injuries, the number of surgeries involving bone grafts is projected to climb steadily. This creates an increased demand for safe and effective fixation systems.
Aging Population: The growing number of elderly individuals, susceptible to bone-related conditions like osteoporosis and arthritis, further expands the market for bone graft fixation systems.
Evolving Graft Designs: Advancements in medical technology are leading to the development of more efficient and biocompatible graft designs. These innovations improve surgical outcomes and patient comfort, driving market adoption.
Growing Healthcare Expenditure: As healthcare spending continues to rise globally, more resources are allocated to sophisticated medical procedures like bone grafting surgeries, further boosting the market.
Trauma Case Increase: The unfortunate rise in trauma cases, particularly among younger demographics, creates another avenue for bone graft fixation system usage.
Expanding Product Portfolio: Manufacturers are constantly innovating and diversifying their offerings, providing a wider range of systems for various surgical applications. This caters to the specific needs of different medical professionals and expands the market reach.
Dental Bone Graft Demand: The growing demand for dental bone grafts, particularly for implant procedures, adds another layer of growth potential to the overall bone graft fixation system market.

By understanding these key drivers, market players can strategically position themselves to capitalize on this promising opportunity in the healthcare sector.

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Key Players:

DePuy Synthesis, Inc
Smith & Nephew
Auxein Medical
Stryker Corporation
Baumer S.A.
Mikai S.p.A
Biocomposites
Zimed Medikal
Zimmer Biomet
Acumed
Medtronic
Orthofix Holdings, Inc
Nuvasive, Inc.
Allograft Bone Chips

Key Segments Covered in the Bone Graft Fixation System Industry Survey:

By Product Type:

Unilateral
Hybrid
Circular
Others

By Material:

Allograft
Synthetic

By Application:

Joint Reconstruction
Craniomaxillofacial
Foot & Ankle
Dental
Spinal Fusion

End User:

Hospitals
Specialty Clinics
Others

By Region:

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

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T: +1-845-579-5705
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Food Irradiation Equipment Market Share of North America Holding 68% in coming years

Throughout the forecast period from 2023 to 2033, the global food irradiation equipment market is anticipated to experience steady growth, with a Compound Annual Growth Rate (CAGR) of 3.8%. Projections suggest that the market will expand from its 2022 valuation of US$ 13,800 million to reach US$ 20,037.9 million by the conclusion of 2033.

Food irradiation represents a distinctive method wherein X-rays, electron beams, and gamma rays are employed to preserve, disinfect, and sterilize food products. This innovative process plays a vital role in reducing food spoilage caused by parasites, bacteria, and insects, thereby enhancing food safety and extending shelf life.

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Growth Factors

The global food irradiation equipment market is poised for substantial growth over the next decade, driven by increasing consumer acceptance of food irradiation practices. Recent approvals by regulatory bodies such as the US Food and Drug Administration (FDA), endorsing the irradiation of fresh fruits and vegetables for phytosanitary treatment, underscore the safety and efficacy of this technology in safeguarding food quality.

Furthermore, mounting concerns surrounding food losses due to spoilage, contamination, and infections are expected to propel market growth. The escalating prevalence of food-borne illnesses worldwide adds impetus to the demand for food irradiation equipment, as it offers a reliable solution to mitigate risks associated with foodborne pathogens.

According to statistics from the World Health Organization (WHO), approximately 600 million individuals, representing 1 in 10 people globally, fall ill each year due to consuming contaminated food. Tragically, over 420,000 individuals succumb to foodborne diseases annually, resulting in the loss of 33 million healthy life years. Moreover, unsafe food practices impose a significant economic burden, with an estimated US$ 10 billion lost annually in medical expenses and productivity costs in middle- and low-income countries alone. These alarming figures underscore the urgent need for effective food safety measures, further driving the demand for food irradiation equipment worldwide.

Key Companies

Food Technology Service Inc.
Sterigenics International Inc.
Gray Star Inc.
Ionisos SA
Nordion Inc.
Reviss Services Ltd.
Sadex Corporation
Sterix Isomedix Services
Scantech Sciences Inc.
Phytosan SA De C
Tacleor LLC.

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Market Outlook by Category

By Source:

Gamma Radiation
X-Ray Radiation
Electron Beam Radiation

By Technology:

Ultra High Pressure
Steam Pasteurization
Food Coating
Ozone Treatment

By End User:

Food Processing Industries
Food Packaging Industries

By Region:

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

Forecast: Caprylic Capric Triglyceride Market Set to Surpass US$ 1,230 Million by 2032 | FMI

The cprylic capric triglyceride market is expected to create an incremental opportunity of more than US$ 700 Million by the end of 2022. The demand for caprylic capric triglyceride is estimated to surpass US$ 1,230 Million by 2032, in comparison to the US$ 650 Million registered in the year 2021.

The caprylic capric triglyceride market is part of many skin care products like creams and makeup. It comes from coconut oil mixed with glycerin, making it an oily liquid often called fractionated coconut oil because they have the same INCI name.

The makeup business is growing really fast because people are becoming more aware of how to look good with grooming products. This makes the personal care and cosmetic market grow around the world.

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Caprylic capric triglyceride is an emollient, dispersing agent and solvent mainly used to soften and moisturize our skin. This oily substance makes cosmetic mixtures thicker while giving them a smooth feel that’s easy to spread on the surface.

Cosmetic manufacturer’s value this product due to its multi-functioning property and which boost the shelf life of beauty and personal care products, add a sheen to your skin that’s light and non-greasy and boosts the antioxidants. There are lot of alternatives available for Caprylic capric triglyceride in the market which are synthetic and derived from chemical and due to its natural property, it is gaining popularity in the market globally.

Caprylic Capric Triglyceride Market: Market Dynamics

Natural and organic ingredients in the beauty and personal care products are mostly demanded by the consumers and caprylic capric triglyceride is a kind of the ingredient which helps in keeping the beauty products light, silky oil, feel that is not at all greasy/oily which is driving the growth of the ingredient in beauty and personal care products. Caprylic capric triglyceride is a popular product used as emollient in the skin care, hair care, makeup, bath and body care and fragrances.

There are few developing countries where there will be opportunities for caprylic capric triglycerides as an ingredients for final products and are forecasted to be the most promising regions as a result of rising disposable income, rapid urbanization, and growing population. Caprylic capric triglycerides market is expected to have a significant impact on the developing countries in terms of high revenue generation. There is a demand for these ingredients in baby care products due to its natural and organic properties. Manufacturers are looking for natural ingredients in their products rather than synthetic products due to increasing demand for natural and herbal skin care products in the market.

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Caprylic capric triglycerides has some of the restraints which may result in decrease in the demand for this ingredient. Gastric distress is one of the factor due to which caprylic capric triglycerides which can create troubles in the long term. A consumer who is allergic to coconut oil cannot use the product manufactured with caprylic capric triglycerides beacuse it contains some properties of coconut oil after the processing. MCT oil can also cause irritation to some of the consumers, which is a similar effect to consuming too much caffeine.

Caprylic Capric Triglyceride Market: Regional Outlook

Malaysia is the origin country for caprylic capric triglyceride which is the main country from where the product is being extracted as by the botanical name of Cocos Nucifera. East Asia and Europe are the mature markets for cosmetics ingredients as there are lot of ingredient manufacturers as well as cosmetic manufacturers importing ingredients such as moisturizing, conditioning products.

Cosmetic ingredient market is growing in Europe region due to high demand for cosmetic and personal care products. Although Japan is experiencing a similar scenario as of Europe. South Asia market for caprylic capric triglyceride is forecasted to be the most demanding market and a trendsetter for new products. The caprylic capric triglyceride market in North America is estimated to exhibit growth with increasing awareness about the natural and organic ingredients in beauty and personal care products.

Caprylic Capric Triglyceride Market: Key Players

Some of the major players in the caprylic capric triglyceride market ABITEC, Alzo International, American International Chemical, LLC., Charkit Chemical, Jarchem Industries, Kao Corporation , Lipo Chemicals, Lonza Group, Vigon International and Penta International among others. These key market players are estimated to enhance caprylic capric triglyceride market growth with innovative product formulations and its launch.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications. The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

Malaysia
Thailand
Vietnam
Philippines
Indonesia

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 an in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

Caprylic Capric Triglyceride Market: Market Segmentation

The caprylic capric triglyceride market is segmented into application, form, end use industry, source and geography.

Based on application

Skin Care
Hair Care
Makeup
Fragrances
Bath and Body Care
Food
Medicines

Based on form

Liquid
Semi-solid

Based on source

Coconut oil
Palm oil
Other sources

Based on end use industry

Cosmetic and Personal Care Industry
Pharmaceutical Industry
Food and Beverage Industry
Health and Wellness Industry
Others

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Parking Management Solutions Market Eye US$ 768.2 Billion by 2032 with 5.6% CAGR

The parking management solutions market is poised for remarkable growth, anticipated to achieve a robust 5.6% CAGR and reach an impressive valuation of US$ 768.2 billion by the year 2032. This substantial surge in the market is indicative of the increasing demand for advanced technologies and innovative systems to address the challenges of urban parking.

As urbanization intensifies and the number of vehicles on the road continues to rise, efficient parking management solutions become paramount for optimizing space, reducing congestion, and enhancing overall traffic flow. The projected CAGR underscores the pivotal role these solutions play in modern urban infrastructure, offering a glimpse into a future where smart parking technologies become integral to creating sustainable and streamlined urban environments.

Rising interest in a rapid network with great help conveyance will emphatically affect the general market development.

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The market’s growth was fueled by the increasing uptake of cloud-based technologies across a wide range of applications, including big data and artificial intelligence. The parking venues category is likely to have attractive possibilities for the global market for parking management solutions.

Key Takeaways from the Parking Management Solutions Market Report:

By technology, the parking kiosks segment is expected to record a 6.0% CAGR by 2032
By installed location, the parking venues segment is to expand at a 6.8% growth rate during the forecast period
The U.S market to garner US$ 168.2 Billion and record a 4.7% CAGR from 2022-2032
Market in China to procure US$ 93.5 Billion, expanding at a 7.5% growth rate during the assessment period

Leading Key Players:
Among others, Parking BOXX, IPS Group, Inc., METRIC Group Ltd., Ventek International, and CivicSmart, Inc. are important market participants in the world for parking management solutions. Market participants are utilizing strategic joint ventures to boost their profitability and market share.

What is the Contribution of Key Players to the Global Parking Management Solutions Market?
Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability.

Recent developments among key players are:

In May 2020– FlashParking formed a national service partnership with Burroughs Inc. The partnership will help Flash Parking provide a unique maintenance service to its users and reduce the risk of hardware downtime
In June 2020– Passport Inc., partnered with the Panama City Beach community to equip the city with the technology needed to create a more frictionless parking experience.
In March 2020– Q-Free deployed a comprehensive parking guidance system at the Victorian Square parking garage in Sparks, Nevada. This system will provide real-time information on available spaces, making it easier for drivers to find parking. This contract will help Q-Free to mark its strong presence in the US market.?

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Parking Management Solutions Market Segmentation:

By Technology:

Parking meters-based
Parking Kiosks-based

By Installation Location:

Street Parking
Parking Venues

By Region:

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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Beverage Acidulants Market Thriving: Forecasted to Reach US$ 3.7 Billion by 2033, Driven by Growing Demand for Flavor and Shelf Life Enhancement

The beverage acidulants market is estimated to reach a valuation of US$ 2.4 billion in 2023 and is estimated to reach US$ 3.7 billion by 2033. The market is anticipated to record a CAGR of 4.7% during the forecast period.

The market is expected to flourish due to urbanization, the economy, rising disposable income, and the bar and restaurant sector. The increasingly popular beverages among millennials have acidic and off-putting tastes due to the rising demand for fumaric acid.

The market is expanding significantly due to the demand for acidul citric, which is used to change beverages into sweetened flavor drinks. By incorporating tartaric and malic acids and other beverage acidulants, manufacturers were able to preserve beverages in bottles for an extended period, which the other hand, is boosting the market’s expansion.

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The popularity of acidul citric beverages and preserved drinks among consumers are increasing in the market size. Being a dominant nation, the United States is anticipated to reach a valuation of US$ 523.2 million by 2033. Conversely, China is a significant nation estimated to record a CAGR of 5.5% during the forecast period.

Growing Consumer’s Demand for Healthy Drinks Propel the Market Growth

The food & beverage manufacturers develop healthy and plant-based drinks for their customers by adding unique flavors. The increasing consumers’ demand for soft and organic drinks to maintain their immunity is surging the market expansion. Besides, value-added drinks help to improve the digestive system, prevent diseases, infection and reduce weight.

The growing awareness of healthy lifestyles increases consumers’ adoption of nutritional beverages. The innovation of acidul citric beverages widely used in cold drinks is uplifting the global market. Besides, the growing popularity of ready-to-drink and fumaric acid flavor drinks is creating several market trends.

Key Takeaways:

The beverage acidulants marketis expected to reach a valuation of US$ 3.7 billion by 2033.
The market is expected to record a CAGR of 4.7% during the forecast period.
The market in the United States is anticipated to record a CAGR of 4.5% through 2033.
With an expected CAGR of 2.6%, the United Kingdom beverage acidulants marketis expected to rise during the forecast period.
The market in Germany is expected to record a CAGR of 3.4% over the forecast period.
The market in China is expected to record a CAGR of 5.5% by 2033.

Who is Winning?

The quantity of current well-known businesses around the world fragments the market. These players pay close attention to consumer preferences and release new products that meet their requirements. In order to maximize revenues, the key players also enhance output in the beverage business using cutting-edge technologies. These crucial players help the industry grow through marketing strategies like joint ventures, partnerships, acquisitions, mergers, and product launches.

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Other Players in the Global Market are:

Tate and Lyle
Northeast Pharmaceutical Group Co., Ltd.
Batory Nutra
Archer Daniels Midland
Corbion N.V.
DairyChem
Hexagon Overseas
Parry Enterprises India Ltd.
FBC Industries, Inc.
Weifang Ensign Industry Co., Ltd.
Isegen South Africa (Pty), Ltd.
Jones Hamilton Co.
Balchem Ingredient Solution
Cargill Incorporated
Others

Recent Developments in the Beverage Acidulants Market are:

Tate & Lyle was acquired by KPS Capital Partners in 2021 for a value of US$ 1.7 billion. Behind this acquisition, KPS Capital Partners implemented a plan to fully manage Tate & Lyle’s operations in the Latin American and North American regions.

In 2021, Tate & Lyle PLC announced its new acidulants plant to reduce greenhouse gases and increase efficiency in Brazil.

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The Beverage Acidulants Market by Category

By Product Type:

Acetic Acid
Citric Acid
Fumaric Acid
Lactic Acid
Malic Acid
Phosphoric Acid
Tartaric Acid
Other Products

By Foam:

Granule
Liquid
Power

By Nature:

Organic
Synthetic

By Application:

Alcoholic Beverages
Dairy-based Beverages
Energy Drinks
Fruit Juices and Concentrates
Soft Drinks

By Region:

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

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Resveratrol Market Poised for Remarkable Growth: Anticipated Surge to US$ 356.4 Million by 2034, Fueled by Strong Demand for Plant-Based Products

The worldwide resveratrol market is set to exhibit strong growth during the forecast period, with total valuation increasing from US$ 129 million in 2024 to US$ 356.4 million by 2034. Global demand for resveratrol is anticipated to expand at a CAGR of 10.7% throughout the forecast period.

The growing demand for nutritional supplements among consumers is one of the main factors driving up the price of resveratrol on the international market. The market is expected to grow due to the product’s high anti-antioxidant content and phenolic activities, which are popular with older consumers and sportsmen, as well as the increased prevalence of health issues including cardiovascular diseases. The increasing usage of nutraceuticals by the populace and the increasing reliance of the beauty sector on resveratrol all have an effect on the market’s growth.

One of the key reasons boosting the global market for resveratrol is the rise of consumer appetite for dietary supplements. The product’s increasing popularity among elderly and athletes, owing to its high anti-antioxidant level and phenolic activities, as well as the rising incidence of health concerns such as cardiovascular illnesses, drive market expansion. The population’s rising use of nutraceuticals and the cosmetic industry’s growing reliance on resveratrol both have an impact on the market’s expansion.

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The market for resveratrol benefits from rising demand for healthy foods, rising health awareness, rising disposable income, rising investment, and high pharmaceutical usage. A rise in healthy product launches broadens revenue opportunities for the market participants from 2024 to 2034.

“Resveratrol is gaining traction owing to its health benefits and having antioxidant, anti-inflammatory and anti-aging properties.” remarks an FMI analyst.

Key Takeaways from the Market Study

The global resveratrol market is expected to be valued at US$ 129 million by 2024
From 2024 to 2034, the market demand expanded at a CAGR of 10.7%
In 2024, the United States market for resveratrol accounted for about 7.5% of the global market share.
The Indian resveratrol market to experience a rapid CAGR of 9.8% from 2024 to 2034.
By product type, the extract or plant-based resveratrol was estimated to acquire more than 40% share in 2024.
By isomer, the trans-resveratrol had acquired a market share of 87%.

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Competitive Landscape

Prominent players in the resveratrol market are:

DSM Nutritionals
Evolva
Endurance Product Company
Great Forest Biomedical
Laurus Labs Limited
JF-NATURAL
Sabinsa Corporation
Resvitale LLC
Shanghai Natural Bio-engineering Co., Ltd.

Some key developments of the leading companies in this market are:

In 2021, Lonza, a worldwide manufacturing partner to the pharmaceutical, biotechnology, and nutrition sectors, declared it is likely to invest to build its production capabilities for pharmaceutical products at its facility in Guangzhou, China.
The fill as well as finish production line is likely to provide clinical trial and commercialization batches in China as well as local and international clients. In keeping with Lonza’s objective to provide clients integrated end-to-end solutions, the launch of drug product manufacturing at the Guangzhou (CN) facility is likely to provide customers with a unified drug substance as well as drug product manufacturing service option.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global resveratrol market, providing historical data for 2018 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the resveratrol market, the market is segmented on the basis of resveratrol by product (extract, fermentation, synthetic), form (powder and liquid), isomer (trans-resveratrol and cis-resveratrol), end-use and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Key Coverage in Global Resveratrol Market Research Report

Adjacent Study on Global Resveratrol Extract Market, Resveratrol Supplements Market
Factors Putting Plant-based Resveratrol Industry into Limelight
Korea Resveratrol Industry Vs. Korea Resveratrol Industry
Detailed Resveratrol Industry Analysis in Western Europe
Analysis of Resveratrol Supplements Industry, with Special Focus on Top Players
Resveratrol Extract Applications Overview
Market Dynamics of Natural Resveratrol
Key Companies in Resveratrol Products Market
Synthetic Resveratrol Market Vs Natural Resveratrol Market
Analysis of the Resveratrol Market in India

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Chia Seeds Market Poised for Rapid Growth: FMI Forecasts US$ 390.3 Million by 2033, Driven by Surging Demand in Skincare Industry

By the end of 2022, the net worth of total chia seeds sold globally was estimated to be US$ 195.3 million. In the current year, 2023, the sales of chia seeds, in terms of value, are expected to be worth around US$ 203 million. FMI further projects the overall market to record a CAGR of 7% from 2023 to 2033. By experiencing this promising growth, the global chia seed market size is projected to reach a valuation of US$ 390.3 million by 2033.

Growing consumer demand for gluten-free food items and improving recognition of chia seeds for their health advantages are the key reasons propelling sales. Moreover, the increased use of chia seeds as a source of omega-3 in animal feed is also regarded to have boosted the market.

Under their bland flavor, chia seeds may be added to packaged meals and functional foods. Chia seeds’ high fiber content makes it possible to use them in bakery goods, energy drinks, dietary supplements, sports drinks, and salty snacks. Furthermore, Chia seeds are often used in packaged ‘superfood’ items because of their high antioxidant and fiber content.

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A certain degree of market development restraint may result from the limited availability of suitable environments for plant growth and higher seed output. Against this backdrop, the sales of chia seeds in the United States are anticipated to remain profitable over the assessment period.

Key Takeaways from the Chia Seed Market Study Report

The United States held a market share of 27.9% in the year 2022.
Germany is the leading market for chia seeds in Europe and contributed a 7.3% revenue share in 2022.
The demand for chia seeds in the United Kingdom registered a CAGR of 7% during the forecast years.
China and India are poised to witness a growth rate of 6.1% and 8.9% in the production of chia seeds through 2033.

Competitive Landscape for the Chia Seed Market Players

Organic Denmark, Sesajal, Bioglan, Nutiva, Navitas Naturals, Mamma Chia, Genera Nutrients, and Maya Chia are a few of the leading chia seed-supplying industries. Many of the global market players rely on imports because much of the output is located in Central and South American nations.

The chia seed plant thrives in the dry, marine-influenced Mediterranean climates, so its market has remained concentrated in some parts of the world. However, the adoption of modern farming methods has now given rise to the possibility of successful farming of chia seeds in other climatic regions. This is anticipated to support the emergence of new players and diversify the market in the coming days.

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Recent Developments by the Chia Seed Supplying Industries

Mamma Chia declared in April 2022 that its products are keto-friendly. This development included its product line of Chia Energy Beverages and Chia Vitality Beverages, providing only 6 grams of net carbohydrates per serving.

Innovation and the creation of new product supplies are the main techniques used by businesses to maintain their market share. The Chia Co. launched four new types to its Oats+Chia product line last year, including Apple Spice, Blueberry Lemon, Mixed Berry, and Banana Mango. Later, it added three new flavors to its Chia Pods products, such as Strawberry, Dark Cacao, and Coffee Bean.

Segments Covered by the Survey Report

By Origin:

Organic
Conventional

By Color:

Black
White
Brown

By Form:

Whole Chia Seeds
Grounded Chia Seeds
Chia Seed Oil
Other Chia Seed Forms

By End-use Application:

Food and Beverages Sector
- Packed Chia
- Nutritional Bars
- Bakery and Snacks
- Breakfast Cereals
- Beverages
- Others
Personal Care Products and Cosmetics Sector
Animal Feed and Pet Food Sector
Nutritional and Dietary Supplements Sector
Other End-use Applications

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Gym Bag Market is Expected to Surpass the US$ 2.7 Billion mark by 2033 | FMI

The global gym bag market reached US$ 1.9 billion in 2022. Revenue generated by the gym bags sales is likely to be US$ 2.0 billion in 2023. Between 2023 and 2033, demand for gym bags is poised to soar at a 3.0% CAGR, reaching US$ 2.7 billion by 2033.

The gym bag market has grown substantially due to the increasing global emphasis on health and fitness. This heightened focus on well-being is also expected to drive market growth throughout the forecast period. In addition, the market growth is expected to be further aided in the next ten years by various companies’ proactive efforts to encourage their staff to participate in health and fitness activities.

China and India, in particular, two emerging economies, are expected to contribute to the market’s explosive expansion significantly. This development is expected to be fueled by the rising interest in these countries’ tourism and health industries. Modern health and fitness facilities designed to draw visitors are expected to be essential to market expansion. This demonstrates the Gym bag market’s ability to capitalize on shifting consumer tastes.

The growth of the middle class in emerging nations has increased disposable capital, which is anticipated to increase the market for gym bags. Given their remarkable spending ability, they could select stylish, high-end, trendy exercise and wellness items. The market is also expanding due to the e-commerce industry’s quick expansion and the number of new products being introduced. Popular businesses are concentrating on producing gym bags based on client demands. Then, these bags are promoted through various offline and online means.

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Given its greater capacity and adaptability in transporting multiple products, duffel bags have become extremely popular among customers in line with this boom. A noticeable increase in demand has also been seen for specialist gym backpacks that are made to fit accessories and training equipment easily. These include pockets for post-workout munchies, designated slots for headphones, safe holders for water bottles, room for towels, and specific shoe compartments. Indisputable continuous Gym bag market gains have resulted from this change in customer preferences.

“Several enthralling new developments in gym bags are expected to significantly impact the market through 2033. One noticeable trend is the incorporation of smart technology. Manufacturers are increasingly improving the efficacy of gym bags by adding features such as built-in chargers, Bluetooth compatibility, and even GPS monitoring.” opines Ismail Sutaria, Principal consultant at Future Market Insights

Key Takeaways from the Gym bag market

In North America, the United States gym bags sector emerges as the leading market in 2023, with a 22.7% global market share.
In Europe, Germany and the United Kingdom took the lead in 2023, capturing global Gym bag market shares of 3.6% and 2.6%, respectively.
In 2023, China and India stand out as the dominant market in the Asia Pacific gym bags industry, capturing a global market share of 18.8% and 6.4%, respectively.
The duffle gym bag segment spearheads the market by bag type, commanding 37.7% of the global gym bag industry in 2023.
The nylon gym bag segment takes the forefront based on material type, possessing a 29.2% share of the global gym bags industry in 2023.

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Key Players and Strategies for Success in the Gym bag market

Here are the key market players’ strategies for success in the gym bags industry:

Continuously introduce innovative and functional designs to meet the evolving needs of fitness enthusiasts.
Explore eco-friendly and sustainable materials to align with market trends toward sustainability.
Offer customization options such as color choices, monogramming, or logo placements to cater to individual preferences.
Implement strong branding and marketing campaigns to create brand awareness and recognition.
Establish a diverse distribution network, including e-commerce platforms, retail stores, and partnerships with fitness centers or specialty stores.

Key Players:

Nike, Inc.
JensenLee
Everlast Worldwide, Inc.
Chateau Manufacturing
Harrisons
ToteBagFactory
Herschel Supply Co. USA
Adidas AG

Recent Developments in the Gym bag market

The Rock shared on Instagram the arrival of his All-Day Hustle line for Under Armour. The gym bag fits well on a person’s back like a backpack and can stand upright without occupying much space on the bench in the restroom. It is strong and water-resistant since it is constructed of sturdy canvas. Additionally, it keeps necessities organized with an elastic top and a zipper in the middle so one can quickly reach inside.
Ben Grote and Anthony Ward introduced the Vamose Attachable Gym Bag. It is the first gym bag that can be connected to the backpack of any student or working adult, freeing up their hands and removing the burden of carrying an extra bag. Vamose attaches by simply encircling a backpack with two straps, attaching the magnetic buckles, and then pulling the straps tight to ensure the bag is fastened firmly. The Vamose can also be used alone to visit the gym.

Key Segmentations:

By Bag Type:

Duffle
Drawstring
Gym Backpacks
Tote

By Material Type:

Leather
Canvas
Nylon
Polyester

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa
Europe

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Nandini Singh Sawlani