Facility Management Software Market: Strong Growth Expected, Reaching $72.2 Billion by 2033

The Facility Management Software Market has witnessed remarkable growth, with revenues totaling an impressive US$ 20,985.1 Million in 2023. This dynamic sector is poised for substantial expansion, projected to reach an estimated US$ 72,168.4 Million by 2033. This ten-year forecast anticipates a robust Compound Annual Growth Rate (CAGR) of 12.0% from 2023 to 2033.

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Healthcare, travel & hospitality, education, and manufacturing are the major sectors using facility management solution to handle business processes easily. Due to advancements in cloud-based software, the facility management software is transforming the market gradually. With the help of this facility management software, the expenditure as well as the time required in managing the documents for industries such as healthcare and real estate have reduced.

Key Takeaways: Facility Management Software Market 

  • The Facility Management Software Market has achieved remarkable revenue of US$ 20,985.1 Million in 2023 and is projected to grow at a CAGR of 12.0% to reach US$ 72,168.4 Million by 2033.
  • Key drivers include technology adoption, cost-effective solutions, and eco-friendly practices, while data security concerns and initial investments pose challenges.
  • North America leads the market, followed by Europe and the Asia-Pacific region, each with unique trends and opportunities.
  • Cloud-based solutions and industries like healthcare and manufacturing are witnessing significant growth.

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Demand for Facility Management from Modern Workspaces

Facility management software evolution has completely transformed the way how businesses operate. For the modern workspaces it became a necessity to have the facility management software to run the operations in an efficient manner. All the businesses involve several operations to be performed, with the growing technological advancement these business procedures can be handled efficiently with usage of facility management software.

The software helps the facility managers to optimally utilize the assets, reduce the space which results to the decrease in the maintenance cost, by saving the money and also time. Furthermore, the software also helps in managing the multiple facilities simultaneously. Therefore, the use of the facility management software increases the overall productivity of the businesses, which in turn is boosting the market growth.

Changing Organization Culture and Workstyle 

The culture of most of the organizations is evolving in a fast pace with the globalization. Major companies are diversifying the operations and work culture. Technical innovation and advancement positively influence the work culture. Smart workplaces equals to the smart insights. The benefits of Internet-enabled management systems are compelling. A common reporting platform can generate an easily accessible information and also helps in identifying the faults, and guide regarding the performance issues among others.

Furthermore, facility management software also helps in managing the space and help in forecasting the future needs. Therefore, most of the organizations are inclined towards adopting technically advanced solutions which motivates the facility management software providers to come up with product innovation, in turn boosting the market growth.

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Facility Management Software Outlook by Category

By Deployment Mode:

  • On-premise FMS
  • Cloud-based FMS

By Type:

  • Integrated Software
  • Standalone Software

By Enterprise Size:

  • Small and Mid-Sized Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • Healthcare
  • Travel & Hospitality
  • Manufacturing
  • Education
  • Transportation & Logistics
  • Government
  • Others

By Region:

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

Author:

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

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

About Future Market Insights (FMI)

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

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This concise title highlights the two key takeaways for investors: market growth and the factor driving that growth health benefits

galactose market  is expected to increase sharply and approach US$ 28.99 billion in 2023. Future Market Insights (FMI) projects that the industry is anticipated to enjoy a prosperous future; by 2033, its potential market value will be at US$ 46.76 billion. This trend is a result of consumers becoming more health concerned. Natural dietary nutrients are therefore more in demand. Sales of plant-based galactose have increased as a result.

(FMI), the industry is expected to have a market value of over US$ 46.76 billion by 2033, suggesting a bright future for the sector. This trend is a result of consumers becoming more health concerned. Natural dietary nutrients are therefore more in demand. Sales of plant-based galactose have increased as a result.

The market for galactose is anticipated to expand at a consistent rate of 5% between 2023 and 2033, per the report. According to this estimate, the industry will probably continue to grow and present new prospects. Customers favor wholefood and natural food options. Galactose is therefore anticipated to remain generally acceptable.

Galactose’s worldwide market is expected by Future Market Insight to

Key Drivers in the Galactose Industry

    • Increasing consumer awareness and demand for galactose’s health benefits
    • The growing use of galactose as a functional ingredient in food and beverages
    • Growing consumer inclination towards plant-based and vegan eating patterns
    • Increasing demand for natural as well as clean-label ingredients in food and beverages
    • Rise in lactose intolerance and milk allergies, driving the adoption of galactose
    • Expanding pharmaceutical industry’s use of galactose in drug delivery systems
    • Rising prevalence of chronic diseases and focus on preventive healthcare
    • Ongoing research and development for exploring galactose’s potential

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Key Challenges in the Galactose Industry

    • Limited availability and high cost compared to alternatives
    • Regulatory constraints on galactose use in specific industries
    • Potential allergic reactions or sensitivities
    • Competition from alternative sweeteners and ingredients
    • Limited consumer awareness impacting adoption

Key Trends in the Galactose Industry

    • The surge in popularity of galactose-based infant formulas
    • Growing demand for galactose in the cosmetics industry
    • Introduction of innovative galactose-based food products
    • Integration of galactose in sports nutrition products
    • Adoption of galactose in animal feed formulations

Key Opportunities in the Galactose Industry                                                        

    • Expansion of galactose production capabilities
    • Development of novel galactose derivatives and formulations
    • Exploration of galactose’s potential in personalized nutrition
    • Penetration of galactose in emerging markets
    • Galactose exploration in nutraceuticals for functional food supplements
    • Galactose adoption in agriculture for bio-stimulants and plant growth enhancers

Key Takeaways from the Galactose Market:

    • The galactose industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 6.7% through 2033.
    • The United States dominated the galactose industry in 2022, holding a 31.3% global market share.
    • In 2022, Japan had a 1.2% share of the galactose industry globally.
    • With a CAGR of 4.5% over the forecast period, India is predicted to develop rapidly in the galactose industry.
    • The galactose industry in China is expected to increase, registering a CAGR of 5.6% over the forecast period.
    • Germany accounted for 11.4% of the global galactose industry in 2022.

Competitive Landscape in the Galactose Market

Key Players are adopting various strategies to maintain their positions in the market and increase their global footprints. These strategies include:

    • Assessing galactose demand and supply trends in the market
    • Cultivating and harvesting galactose-rich sources such as dairy products, legumes, and certain seaweeds
    • Extracting galactose from these sources using various extraction methods
    • Purifying and refining galactose to ensure high quality and purity standards
    • Developing and implementing efficient production processes to maximize galactose yield
    • Conducting research and development to improve galactose production techniques and explore new sources
    • Monitoring market conditions and adjusting production levels accordingly
    • Collaborating with suppliers, distributors, and manufacturers to meet the demand for galactose-based products
    • Ensuring compliance with regulatory standards and guidelines related to galactose production
    • Marketing and promoting galactose as an ingredient in various industries such as food, pharmaceuticals, and cosmetics

Recent Developments by Key Players

    • In June 2023, Kyowa Hakko Kirin Co., Ltd. decided to concentrate its resources on Human Milk Oligosaccharides. It mainly consists of glucose, galactose, fucose, N-acetylglucosamine, and N-acetylneuraminic acid.
    • The acquisition of Schwan’s Company and Kahiki Foods Company by CJ CheilJedang Corp in 2019 allowed the company to broaden its presence in various markets.

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Market Segments Covered in Galactose Industry Analysis

By Source:

    • Plant Derived Sugar
    • Synthetic Sugar

By Product Type:

    • D-Galactose
    • L-Galactose

By Form:

    • Powder
    • Liquid
    • Crystal

By End Use:

    • Food
      • Bakery Goods
      • Sweet Spreads
      • Confectionary
      • Dairy Products
      • Canned Food
    • Beverage
      • Carbonated Drinks
      • Fruit Drink and Juice
      • Powdered Drinks and Mixers
      • Alcoholic Beverages
    • Pharmaceuticals
    • Personal Care
    • Biofuel Industry
    • Animal Feed Industry

Region:

    • North America
    • Latin America
    • Europe
    • Asia-Pacific
    • Oceania
    • Japan
    • Middle East & Africa

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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N-Propyl Acetate Market on an Upward Trajectory: Poised for Growth at a CAGR of 5.40% by 2033

The global n-propyl acetate market is anticipated to reach a value of US$ 706.3 million by the end of 2032, as per Future Market Insights (FMI). Demand in the market is predicted to rise at a CAGR of 5.4% owing to consistent growth among diverse industries such as printing, pharmaceutical, and food & beverages. Owing to the characteristic fits of n-propyl acetate as a solvent or chemical intermediate in different processes is bolstering the sales.

Prominent players are investing in emerging countries from Latin America and South Asia to get an efficient and rapid supply chain advantage over their competitors. Several players are also focusing to develop long-term relationships with their customers for an uninterrupted supply of n-propyl acetate. Meanwhile, other suppliers are focusing on collaborating with e-commerce giants to increase the sales and expand their customer base.

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Further, as n-propyl acetate has pleasant odour, it can be used in perfumes and food industry. Also, rising application in printing ink and pharmaceutical industry will improve the sales in the market. On the back of this, the demand in the market is predicted to reach US$ 418.6 Mn by the end of 2022.

“Growing consumption of n-propyl acetate coupled with its increasing adoption as a potential replacement for ethyl acetate in different industries such as pharmaceutical and food is expected to bolster the demand during the projected period,” – says an FMI analyst.

Key Takeaways:

  • The global market of n-propyl acetate is projected to witness a CAGR of magnitude 4% during the period of 2022 and 2032.
  • Significant development in the end-use industries – chemical, pharmaceuticals, paints & coatings, and food & beverages in the Asia-Pacific region is anticipated to remain one of the prominent markets for n-propyl acetate in the forecast period.
  • By Grade type, pharmaceutical/food grade (>99%) is expected to account for the largest share, about 75% of the overall market size.
  • By Application, the consumption of n-propyl acetate as a solvent is expected to grow at a CAGR of 3% over the forecast period.
  • By End-Use, the printing ink industry is expected to remain a key consumer of n-propyl acetate, the segment is further anticipated to witness a consumption rate of about 1% n-propyl acetate in terms of value.

Competitive Landscape

The market of n-propyl acetate is estimated to be a consolidated market, where key players are expected to account for more than 46% share of the market. OQ Chemicals GmbH, Solvay, BASF SE, Sasol, DOW chemicals, Eastman Chemical company, SHOWA DENKO K.K., Jiangsu Baichuan High-tech New Materials Co., Ltd., shiny chemical Industries Co. Ltd, Solventis, and many others are the some of the manufacturers of n-propyl acetate profiled in the full version of the report.

Key players are certainly focusing on expanding their production capacity to increase their market presence all over the globe and to gain maximum traction in the market. Further top players are also investing significantly in acquisitions of regional players to reduce competition and gain capacity advantage.

More Insights into the N-propyl acetate Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global n-propyl acetate market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on grade, application, end-use industries, and region.

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Segmentation Analysis of the N-Propyl Acetate Market

By Grade:

  • Industrial/Technical Grade (<99%)
  • Pharmaceutical/Food Grade (>99%)

By Application:

  • Solvent
  • Flavoring Agent
  • Others

By End-Use Industry:

  • Chemical
  • Pharmaceutical
  • Paint & Coatings
  • Printing Ink
  • Food & Beverages
  • Agrochemical

By Region:

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

About Future Market Insights (FMI)

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

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Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Antimicrobial Car Care Products Market Set for Robust Growth: Poised to Reach US$ 341.8 Million by 2030

Rising prevalence of antimicrobial and antiviral cleaning solutions coupled with adoption of advanced technologies in car care products are projected to shape the growth of antimicrobial car care products market. A new Future Market Insights (FMI) study suggests that the global antimicrobial car care market is set to expand at a robust CAGR of 7.3% during the forecast period of 2022-2030.

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The ongoing COVID-19 pandemic is anticipated to have a significant impact on the demand-side trend of antimicrobial car care products in the near future. The pandemic has highlighted the importance of maintaining hygienic and sanitized environments to stay protected from deadly viral infections. This elevated awareness will boost the usage of antimicrobial car care products over the following decade.

Onset of COVID-19 pandemic is anticipated to play a significant role in driving the need for sanitizing and cleaning solution in residential and commercial spaces as well as in public and private commute. The escalated sense of prevention of infectious diseases will steer the adoption of antimicrobial car care products.

Key Takeaways from Antimicrobial Car Care Products Market Study

  • Awareness among consumers regarding health and hygiene due to increasing cases of nosocomial infections and outbreaks of life threatening diseases is projected to propel the demand for antimicrobial car care products through 2030.
  • Advancements in car care technologies along with innovations such as bio-based, and anti-infectious cleaning solutions are likely to maintain the positive trend of the market.
  • Widespread adoption, easy availability, low cost and product awareness of fabric and surface cleaners make them the most sought-after product type.
  • Expanding passenger car fleet continues to attract significant attention of stakeholders.
  • Strong foothold of automotive industry as well as history of epidemics in the region are driving the antimicrobial car care products market in East Asia.

Antimicrobial Car Care Products Market: Participant Insights

Key manufacturers in the antimicrobial car care products market, like Biocote Ltd, 3M Company, Microban International, Sanitized AG, Biopledge LLC are focused on strengthening their product portfolio and expanding their manufacturing capabilities to keep up with increasing demand in the market.

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Antimicrobial Car Care Products Market Segmentation

By Type

  • Fabric & Surface Cleaners
  • Foam Cleaners
  • Coating Shield

By Vehicle Type

  • Passenger Cars
  • Commercial Cars

By Sales Channel

  • Online
  • Offline

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

Know More About Antimicrobial Car Care Products Market

A new market research report published by Future Market Insights (FMI) on the global antimicrobial car care products Market report provides in-depth insights into the market demand trends and assessment of opportunities during the forecast period. The report analyses the antimicrobial car care products market through four different segments- type, vehicle, sales channel, and region. The antimicrobial car care products report also offers detailed analysis of pricing by different type, COVID-19 impact on market growth and projected demand growth over the forecast period.

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:      

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Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Wooden & Plywood Packaging Market is Expected to Reach at a US$ 29.6 Billion by 2033 | FMI

Wooden & Plywood Packaging Market
Wooden & Plywood Packaging Market

The global wooden & plywood packaging market is anticipated to reach a valuation of US$ 19.1 billion in 2023, driven by sustainability and environmental concerns. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 3.9% between 2023 and 2033, and reaching a total valuation of approximately US$ 29.6 billion by 2033.

One of the major factors contributing to the growth of the wooden & plywood packaging market is the eCommerce and unboxing experience. The rise of e-commerce has transformed the packaging landscape. Unboxing has become a crucial part of the customer experience, and wooden and plywood packaging offers a tactile and visual appeal that enhances the excitement of receiving a package. The trend has led businesses to invest in unique and memorable packaging solutions to leave a lasting impression on customers.

Heightened concerns about plastic waste and environmental pollution have driven the exploration of alternative packaging materials. Wooden and plywood packaging stands out as a viable option, offering a natural, rustic appearance that appeals to both consumers and businesses looking to make a sustainable choice.

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Wooden and plywood packaging provide robust protection for delicate, fragile, or high-value items during transit, reducing the risk of damage. Industries such as electronics, ceramics, and glassware benefit from the cushioning and shock-absorbing properties of wood, ensuring products arrive in optimal condition.

Key Takeaways from the Market Study

  • Global wooden & plywood packaging market was valued at US$ 18.2 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 2.2%.
  • North America is expected to hold a dominant CAGR of 4.4% during the forecast period.
  • By material type, plywood segment within plastic is expected to constitute a CAGR of 4.4% in 2033.
  • On the basis of end user, bakery & confectionery sub-segment of food segment is expected to dominate the market with a CAGR of 4.4% in 2033.
  • From 2023 to 2033, wooden & plywood packaging market is expected to flourish at a CAGR of 4.5%.
  • By 2033, the market value of wooden & plywood packaging is expected to reach US$ 29.6 billion.

Customization and branding, across the globe, is a major factor that is expected to propel the growth of the wooden & plywood packaging market in the near future, remarks an FMI analyst.

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Competitive Landscape

Prominent players in the wooden & plywood packaging market are Nefab AB, Edwards Wood Products, Inc., Green Pack Industries, Napa Wooden Box Co., Ongna Wood Products, Inc., Shur-way Industries, Inc., Rowlinson Packaging Ltd, C&K Box Company, Inc., C Jackson & Sons Ltd., Bay wood products, Inc., Arrington Lumber and Pallet Company, and LJB Timber Packaging Pty. Ltd., among others.

Recent Developments:

  • In 2023, Ongna Wood Products, Inc. opened a new manufacturing facility in China.
  • In 2022, Rowlinson Packaging Ltd. opened a new manufacturing facility in the United States.
  • In 2021, Napa Wooden Box Co. launched its new line of sustainable wooden crates.
  • In the same year, Arrington Lumber and Pallet Company acquired LJB Timber Packaging Pty. Ltd., a leading manufacturer of wooden and plywood packaging solutions in Australia.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global wooden & plywood packaging market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the wooden & plywood packaging market, the market is segmented on the basis of material type (hardwood, softwood, and plywood), by product type (crates, pallets, cases & boxes, bins, barrels, dunnage, and others (reels, drums, spools, etc.)), and by end user (food, beverages, healthcare & pharmaceuticals, chemicals & petrochemicals, home care and personal care, and others (electrical & electronics, etc.)), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Key Segments Profiled In The Global Wooden & Plywood Packaging Market

By Material Type:

  • Hardwood
    • Oak
    • Teak
    • Maple
  • Softwood
    • Pines
    • Spruces
  • Plywood

By Product Type:

  • Crates
  • Pallets
    • Stringer Pallets
    • Block Pallets
  • Cases & Boxes
  • Bins
  • Barrels
  • Dunnage
  • Others (reels, drums, spools, etc.)

By End User:

  • Food
    • Fruits & Vegetables
    • Bakery & Confectionery
    • Meat, Poultry, & Seafood
    • Ready to Eat
    • Others (Spices & Condiments, etc.)
  • Beverages
    • Alcoholic Drinks
    • Ready to Drink
    • Bottled Water
    • Sports Drinks
    • Carbonated Drinks
  • Healthcare & Pharmaceuticals
  • Chemicals & Petrochemicals
  • Home Care and Personal Care
  • Others (Electrical & Electronics, etc.)

Region:

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

About Future Market Insights Inc. (FMI)

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

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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Poly(Butylene Succinate) Market Projected to Reach US$ 361,225.6 Thousand by 2033

The global poly(butylene succinate) market value is expected to increase from US$ 115,306.8 thousand in 2023 to US$ 361,225.6 thousand by 2033. Global poly(butylene succinate) sales are anticipated to thrive at 12.1% CAGR during the assessment period.

Several factors are anticipated to drive global poly(butylene succinate) market growth. These include a rising preference for eco-friendly materials and growing demand for poly(butylene succinate) from packaging, agriculture, medical, and textile industries.

Today, consumers are shifting their preferences towards eco-friendly products, driving demand for materials that align with sustainability values. As a biodegradable and eco-friendly material, poly(butylene succinate) is used in various consumer products, including textiles, personal care items, and throwaway items.

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The surging popularity of on-the-go packaged food items has led to a global rise in convenience food consumption. This surge is set to drive substantial demand for PBS in food packaging, fostering market growth over the forecast period. Rapid expansion of the medical industry is anticipated to fuel global demand for poly(butylene succinate). This is due to rising usage of this material in several medical devices.

Among the petro-based and bio-based PBS, the latter segment is expected to thrive at a higher growth rate. This is due to the growing demand from packaging and agriculture industries. Rising environmental concerns and increasing awareness about plastic pollution will likely boost the demand for sustainable packaging solutions. This is expected to create growth opportunities for global poly(butylene succinate) manufacturers.

Asia Pacific is the leading manufacturer of poly(butylene succinate) owing to the low-cost manufacturing along with vast supply chains in this region. In contrast, the countries from North America and Europe dominate the consumption of PBS due to strict regulations in these markets.

Key Takeaways from the Poly(butylene Succinate) Market Report:

  • The global poly(butylene succinate) market is set to thrive at 1% CAGR through 2033.
  • By product type, the bio-based PBS segment is expected to hold around 85% market share by 2033.
  • By processing method, the extrusion process is predicted to hold about half of the market share by 2033.
  • Based on end-use industry, agriculture segment is forecast to thrive at 7% CAGR through 2033.
  • The United States market value is expected to reach US$ 86,868.9 thousand by 2033.
  • Sales revenue in Germany is projected to reach US$ 42,548.6 thousand by 2033.
  • China market is poised to exhibit a CAGR of 2% between 2023 and 2033.
  • Demand in Japan is anticipated to rise at 4% CAGR through 2033.

“Versatile applications of poly(butylene succinate) in multiple end-use industries coupled with sustainable routes for production will surge product demand through 2033. Delay in adoption of regulations mandating recyclable or bioplastics could hamper growth. However, current trends in the market suggest otherwise as a significant share of key market players are shifting to adopt poly(butylene succinate) and other bioplastics, regardless.” – says a lead analyst at FMI

Who is Winning?

The poly(butylene succinate) market is estimated to be slightly consolidated, where top market participants hold about 60% to 65% of the market share. Leading manufacturers of poly(butylene succinate) listed in the report include Mitsubishi Chemical Corporation, Hengli Group Co., Ltd., Anhui Sealong Biotechnology Co., Ltd. and others.

The market has experienced increased activity in product development, with key manufacturers prioritizing product launch initiatives. These key players are committing substantial investments to enhance domestic production capabilities. Additionally, there have been notable advancements in the manufacturing processes of poly(butylene Succinate), resulting in enhanced production efficiencies and cost reductions.

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More Insights into the Poly(butylene Succinate) Market Report

Future Market Insights (FMI) presents an impartial analysis of the worldwide poly(butylene succinate) market in its most recent report. The report encompasses historical data spanning from 2018 to 2022, along with projected statistics for the timeframe spanning 2023 to 2033. To comprehensively grasp the potential, growth trajectory, and extent of the global market, segmentation is conducted based on purity, production process, end-use industry, and geographical region.

Poly(butylene Succinate) Market Segmentation

By Product Type:

  • Bio-Based
  • Petro-Based

By Processing Method:

  • Injection Moulding
  • Extrusion
  • Blow Molding
  • Film Casting

By End-use Industry:

  • Packaging Industry
  • Agriculture
  • Medical
  • Textile
  • Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:      

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Paper Release Liners Market is Projected to Reach at a US$ 50.9 Billion by 2033 | FMI

Paper Release Liners Market
Paper Release Liners Market

The global paper release liners market is anticipated to reach a valuation of US$ 27.1 billion in 2023, driven by packaging and labeling advancements. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 6.5% between 2023 and 2033, and reaching a total valuation of approximately US$ 50.9 billion by 2033.

One of the major factors contributing to the growth of the paper release liners market is the explosive growth of e-commerce, which has revolutionized the way products are packaged, labeled, and delivered. The importance of clear and accurate labeling to facilitate tracking, handling, and unboxing has increased, as online shopping becomes more prominent. Paper release liners play a critical role in ensuring that labels are applied without complications, contributing to a smooth and reliable e-commerce experience.

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Industries are seeking sustainable packaging alternatives, as environmental awareness and concerns about plastic waste intensify. Paper release liners are highly sustainable, being derived from renewable resources and being fully recyclable and biodegradable. Brands looking to adopt eco-friendly practices are turning to paper release liners as part of their commitment to reducing their environmental impact.

Ongoing advancements in printing, labeling, and adhesive technologies are driving the demand for more sophisticated paper release liners. The advancements ensure compatibility with various printing methods, including digital and flexographic printing, allowing for intricate designs and customization. Improved adhesive formulations also contribute to better label application efficiency.

Key Takeaways from the Market Study

  • Global paper release liners market was valued at US$ 25.5 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 3.1%.
  • Asia Pacific excluding Japan is expected to hold a dominant CAGR of 6.4% during the forecast period.
  • By substrate, silicone-coated paper segment is expected to constitute a CAGR of 6.4% in 2033.
  • On the basis of application, labels segment is expected to dominate the market with a CAGR of 6.4% in 2033.
  • From 2023 to 2033, Paper Release Liners market is expected to flourish at a CAGR of 6.5%.
  • By 2033, the market value of Paper Release Liners is expected to reach US$ 50.9 billion.

Regulatory compliance, across the globe, is a major factor that is expected to propel the growth of the paper release liners market in the near future, remarks an FMI analyst.

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Competitive Landscape

Prominent players in the Paper Release Liners market are Avery Dennison Corporation, Mondi Group, Fox River Associates, LLC, 3M, Loparex Holding B.V., Gascogne Group, UPM, Rayven Inc., Quanjiao Guangtai Adhesive Products Co. Ltd., and Elkem Silicones, among others.

Recent Developments:

  • In 2021, Duraco Specialty Tapes acquired Rayven, Inc., a developer and manufacturer of coated functional films, specialty tapes, and niche release liners.
  • In 2020, Mondi introduced NextLiner, a first-to-market release liner solution that uses polymers derived from renewable resources and recycled base paper.
  • In 2020, Loparex launched a new line of high-performance release liners for the electronics and medical device industries.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global paper release liners market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the paper release liners market, the market is segmented on the basis of substrate (poly-coated paper, silicone-coated paper, glassine, and clay-coated paper), by labelling technology (in-mold, pressure sensitive, adhesive applied, and sleeving), and by application (graphic arts, labels, automotive, construction, medical & hygiene, industrial, tapes, and others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Key Segments Profiled In The Global Paper Release Liners Market

By Substrate:

  • Poly-coated Paper
  • Silicone-coated Paper
  • Glassine, Clay-coated Paper

By Labelling Technology:

  • In-mold
  • Pressure Sensitive
  • Adhesive Applied
  • Sleeving

By Application:

  • Graphic Arts
  • Labels
  • Automotive
  • Construction
  • Medical & Hygiene
  • Industrial
  • Tapes
  • Others

Region:

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

About Future Market Insights Inc. (FMI)

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

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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Slotted Containers Market is Projected to Reach at a US$ 5.3 Billion by 2033 | FMI

Slotted Containers Market
Slotted Containers Market

The global slotted containers market is anticipated to reach a valuation of US$ 3.4 billion in 2023, driven by eCommerce boom and online retail. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.5% between 2023 and 2033, and reaching a total valuation of approximately US$ 5.3 billion by 2033.

One of the major factors contributing to the growth of the slotted containers market is the global shift towards environmental sustainability, which has triggered a demand for eco-friendly packaging solutions. Slotted containers can be manufactured using recyclable, biodegradable, and sustainable materials, aligning with the growing consumer preference for environmentally responsible packaging. Slotted containers are well-positioned to contribute to sustainable packaging practices, as consumers and businesses prioritize eco-friendliness.

The integration of automation and technology in various industries has transformed supply chain management. Slotted containers can be easily integrated into automated packaging and handling systems, streamlining production processes, reducing labor costs, and optimizing workflow efficiency. The compatibility with automation technologies makes slotted containers a preferred choice for industries seeking operational excellence.

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Key Takeaways from the Market Study

  • Global slotted containers market was valued at US$ 3.3 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 2.0%.
  • North America is expected to expand at a dominant CAGR of 4.4% during the forecast period.
  • By product type, regular segment is expected to constitute a CAGR of 4.4% in 2033.
  • On the basis of end use, eCommerce segment is expected to dominate the market with a CAGR of 4.4% in 2033.
  • From 2023 to 2033, slotted containers market is expected to flourish at a CAGR of 4.5%.
  • By 2033, the market value of slotted containers is expected to reach US$ 5.3 billion.

Customization and branding opportunities, across the globe, is a major factor that is expected to propel the growth of the slotted containers market in the near future, remarks an FMI analyst.

Competitive Landscape

Prominent players in the slotted containers market are Smurfit Kappa, Mondi, International Paper, WestRock Company, Packsize International., Packaging Corporation of America, ABBE CORRUGATED PTY. LTD, Green Bay Packaging – Wisconsin Packaging Division, Raghav Packaging LLP, Bigbox., ABHILASHA PACKING SOLUTION, B & B Triplewall Containers Limited., Greenpack Industries, Manav Packaging, and Harbour Packaging, among others.

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Recent Developments:

  • In 2023, International Paper (IP) acquired Green Bay Packaging, a leading manufacturer of slotted containers.
  • In 2022, Packsize International acquired ABHILASHA PACKING SOLUTION, a leading manufacturer of slotted containers in India.
  • In 2021, Sonoco Products Company launched its new line of slotted containers for the e-commerce industry.
  • In 2021, UFP Technologies acquired Bulk Pack, Inc., a leading manufacturer of slotted containers.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global slotted containers market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the slotted containers market, the market is segmented on the basis of product type (half slotted containers, regular slotted containers, and overlap slotted containers), by material used (recycled paper, and virgin paper), by board type (single face board, single wall board, double wall boards, and triple wall board), by grade type (liner, kraft, bleached, unbleached, test liners, fluting medium, semi- chemical, and recycled), and by end use (food & beverage, electrical & electronics, industrial, consumer, healthcare, pharmaceuticals, medical devices, textiles & apparel, tobacco, e- commerce, building & construction, homecare, automotive & allied industries, and personal care & cosmetics), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Key Segments Profiled In The Global Slotted Containers Market

By Product Type:

  • Half Slotted Containers
  • Regular Slotted Containers
  • Overlap Slotted Containers

By Material Used:

  • Recycled Paper
  • Virgin Paper

By Board Type:

  • Single Face Board
  • Single Wall Board
  • Double Wall Boards
  • Triple Wall Board

By Grade Type:

  • Liner, Kraft
  • Bleached
  • Unbleached
  • Test Liners
  • Fluting Medium
  • Semi- Chemical
  • Recycled

By End Use:

  • Food & Beverage
  • Electrical & Electronics
  • Industrial, Consumer
  • Healthcare
  • Pharmaceuticals
  • Medical Devices
  • Textiles & Apparel
  • Tobacco
  • e- commerce
  • Building & Construction
  • Homecare, Automotive & Allied Industries
  • Personal Care & Cosmetics

Region:

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

About Future Market Insights Inc. (FMI)

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

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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Fire Retardant Fabrics Market is Expected to Reach US$ 6.27 Billion by 2032 with a CAGR of 6 %

The global fire retardant fabrics market is expected to reach $6.27 billion by 2032. The discovery of new application areas is expected to boost demand for flame retardants.

According to FMI, the global market share of fire retardants was US$3.5 billion in 2022 and is expected to grow at a CAGR of 6 % over the forecast period of 2022 to 2032.

Industrially, the Fire Retardant Fabrics are produced through the surface treatment of the fabric during the finishing process which in turn impart the flame-retardant property within it. Prevalently, fire retardant fabrics are used in the manufacturing of the protective wears.

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Also, fire retardant fabrics find their application in the production of curtains, drapes, health care fabrics, tents, tarps, and military applications, among others. Generally, the Fire Retardant Fabrics are produced by incorporation of the fire resistance additives with man-made fibers or through synthesis of fire resistance copolymer with the fabric polymers.

Fire Retardant Fabrics Market: Market dynamics

New developments and advancements in the manufacturing industry are propelling the use of Fire Retardant Fabrics across various applications such as protective wear, Coverings materials,. The protective wear segment alone dominates the fire retardant fabrics market and the segment is expected to retain its dominance throughout the forecast period.

However, it has been observed that these fabrics are utilized for high-end upholstery applications, and the demand for these products is significant in the U.S. and EU-5 countries. In recent times, there have been considerable construction activities in European countries and GCC Countries, such as Saudi Arabia, Germany, the U.K.

and Poland and Ukraine, which is estimated to drive the demand for Fire Retardant Fabric over the forecast period.

Housing projects in these countries along with investments in nonresidential infrastructures, such as commercial and retail, offices, hotels & restaurants, hospitals, malls, and educational infrastructure, have been contributing to the expansion of cities and urban suburbs.

This new construction market has been increasingly driving the upholstery market in the region and is expected to continue to contribute to demand growth of Fire Retardant Fabrics market over the next few years. Albeit the development prospects of fire retardant fabrics are decent, however, the cost is still the main concern, especially the prices of raw materials and energy are still high

Fire Retardant Fabrics Market: Regional outlook

Along with this, significant growth of the manufacturing sector in developing and developed countries have resulted in rising demand for Fire Retardant Fabrics in several application such as filtration, upholstery, and covering, among others. In terms of demand, the U.S. and EU-5 countries are a prominent markets for fire retardant fabrics.

This is mainly attributed to increasing disposable income, stringent safety norms, the steady growth of the manufacturing sector, growth of the furniture industry and rising housing sectors, among others. Additionally, the quality of the fabric & ergonomics plays a decisive role in the selection.

Thus, North America, followed by Europe Fire Retardant Fabrics market is expected to register steady CAGR over the forecast period. Moreover, recent amendments in the safety norms and regulation in China have led to drive demand for fire retardant fabrics market.

In the Asia Pacific region, China, ASEAN countries and India are expected to be a lucrative market for fire retardant fabrics. The construction and manufacturing sector in India are considered as one of the pillars of the Indian economy.

According to the report published by WTTC, the construction sector in India contributed around 13% to the economy in 2016 and is expected to grow at a decent pace in the coming years. Thus, this significant growth of the manufacturing sector, the demand for Fire Retardant Fabrics market is expected to register healthy growth over the forecast period.

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Fire Retardant Fabrics Market: Key Players

  • DowDuPont Inc.
  • AMERICAN & EFIRD LLC
  • Apex Mills Corporation
  • AUBURN MANUFACTURING, INC
  • BGF INDUSTRIES INC
  • Emtexglobal USA
  • Forceprotector Gear, LLC
  • Gehring-Tricot Corporation
  • Industrial Stitchtech, Inc.
  • JB MARTIN COMPANY

Key Segments Profiled in the Fire Retardant Fabrics Market Survey

By Base Material Type:

  • Cotton
  • Nylon
  • Aramid
  • Polyesters
  • Others

By Application:

  • Protective Wear
  • Upholstery
  • Tents and Coverings
  • Curtains and Drapes
  • Others

By Processing Method:

  • Woven
  • Non-woven
  • Knitted
  • Others

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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2 Loop FIBC Bags Market is Expected to Reach at a US$ 3.6 Billion by 2033 | FMI

2 Loop FIBC Bags Market
2 Loop FIBC Bags Market

The global 2 loop FIBC bags market is anticipated to reach a valuation of US$ 2.68 billion in 2023, driven by rise in bulk material transportation. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 3.0% between 2023 and 2033, and reaching a total valuation of US$ 3.6 billion by 2033.

One of the major factors contributing to the growth of the 2 loop FIBC bags market is the growing agricultural activities. Agriculture remains a crucial sector globally, and the need for efficient packaging solutions for crops, seeds, fertilizers, and other agricultural products is on the rise. 2 loop FIBC bags provide a convenient means of packaging and transporting agricultural goods, helping to maintain their quality and freshness during storage and transit.

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Rapid urbanization and infrastructure projects require a steady supply of construction materials such as sand, cement, and aggregates. 2 Loop FIBC bags serve as reliable containers for transporting heavy and bulky construction materials, contributing to the efficiency of construction operations and the growth of the construction industry. The safe transportation of hazardous materials is paramount in the chemical and petrochemical sectors. 2 loop FIBC bags are designed to meet stringent safety standards and can securely transport chemicals and petrochemical products, contributing to the growth of these industries.

There is a need for efficient packaging to transport essential supplies to affected regions, during emergencies and disaster relief operations. 2 loop FIBC bags can be rapidly filled with relief items and distributed, aiding humanitarian efforts.

Key Takeaways from the Market Study

  • Global 2 loop FIBC bags market was valued at US$ 2.6 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 2.0%.
  • North America is expected to hold a dominant CAGR of 2.9% during the forecast period.
  • By packaging type, bottles segment is expected to constitute a CAGR of 2.9% in 2033.
  • On the basis of application, pharmaceuticals segment is expected to dominate the market with a CAGR of 2.9% in 2033.
  • From 2023 to 2033, 2 loop FIBC bags market is expected to flourish at a CAGR of 3.0%.
  • By 2033, the market value of 2 loop FIBC bags is expected to reach US$ 3.6 billion.

“Global trade and cross-border activities, across the globe, is a major factor that is expected to propel the growth of the 2 loop FIBC bags market in the near future,” remarks an FMI analyst.

Competitive Landscape

Prominent players in the 2 loop FIBC bags market are Greif, Chuangda Group, Rockleigh Industries, Propex Operating Company LLC, CHK Manufacturing Inc., Delta Big Bag, LARE FIBC LLC, Rosenflex UK Ltd., CHK Manufacturing Inc., Bulk Corp International, and TechnoPac GmbH., among others.

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Recent Developments:

  • In 2022, LARE FIBC LLC. launched a new line of 2 Loop FIBC Bags with improved durability and puncture resistance.
  • In 2021, Greif announced the acquisition of Delta Big Bag, a leading manufacturer of 2 Loop FIBC Bags in North America.
  • In 2021, Chuangda Group launched a new line of 2 Loop FIBC Bags made from recycled materials.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global 2 loop FIBC bags market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the 2 loop FIBC bags market, the market is segmented on the basis of size (up to 5 oz, between 6 oz to 12 oz, between 13 oz to 20 oz, and above 20 oz), by packaging type (jars, vials, and bottles), and application (perfumes, essential oils, chemicals, pharmaceuticals, and other liquids), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

Key Segments Profiled in the Global 2 Loop FIBC Bags Market

Size:

  • Up to 5 oz
  • Between 6 oz to 12 oz
  • Between 13 oz to 20 oz
  • Above 20 oz

Packaging Type:

  • Jars
  • Vials
  • Bottles

Application:

  • Perfumes
  • Essential Oils
  • Chemicals
  • Pharmaceuticals
  • Other Liquids

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • 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.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube