Market Research Blog – Page 3398 – New Product Development

Bone Densitometer Market is expected to increase to around US$ 438.2 million by 2034

Sales of bone densitometers market are expected to grow at a compound annual growth rate (CAGR) of 2.3% from 2024 to 2034. The estimated revenue for the global bone densitometer market is expected to increase from US$ 349.1 million in 2024 to around US$ 438.2 million by 2034.

The global demand for bone densitometers is growing decently due to an increase in osteoporosis cases as well as rising cases of road accidents and sports injuries. Moreover, recent breakthroughs in bone mineral density testing techniques have improved the reliability of the device.

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Strengthening of healthcare infrastructure and modernization of hospitals after the global pandemic is expected to play a determining factor in the higher adoption of bone densitometers. However, bone densitometers are expensive, which is impeding the market’s expansion to many low-income countries.

“DXA scanners that have made bone density testing easier and more accurate are gaining traction in the countries with robust healthcare infrastructure. Moreover, advancements in 3D bone density scans are getting popular fast, which has resulted in an emerging trend in recent years,” opines Sabyasachi Ghosh, Associate Vice President at Future Market Insights (FMI).

Key Takeaways from the Global Bone Densitometer Market Study Report:

The bone densitometry industry in the United States is expected to advance at a sluggish 1% growth rate per year between 2024 and 2034.
The demand for bone densitometers in the United Kingdom is anticipated to surge at a higher 1.5% CAGR over the projected period.
China is the leading manufacturer of bone densitometers in Asia, and it is predicted to progress at a 3% CAGR by 2034.
India is witnessing a remarkable rise in the use of bone densitometers these years, which is expected to drive the regional market at 3.4% CAGR till 2034.

Competitive Landscape for Bone Densitometer Market Players:

The competition among bone densitometer manufacturers is moderate since few firms acquire almost three-fourths of the global market sales. However, adequate competition is resulting in collaborative research initiatives and new product developments by leading market players with higher funding capacity.

Recent Developments by the Bone Densitometer Manufacturers:

In February 2022, Aurora Spine Company and Echolight Medical teamed together to evaluate the bone mineral density (BMD) of osteoporosis patients to check the quality of their software platform. The two firms decided to complement each other in promoting their products to their respective clientele and prospects. The partnership was a part of the Aurora DEXA Platform, while Ecolight Medical is the maker of the radiation-free ‘EchoS portable densitometer.’

In May 2021, Echolight Company presented Radiofrequency Echographic Multi Spectrometry (REMS) technology for bone densitometry at the Florida Orthopedic Society Annual Scientific Meeting. This is the first portable type of bone densitometer that uses radiation-free technology and can safely monitor important bone health markers more frequently than any other testing technique.

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Key Companies Profiled:

BeamMed Ltd.
CompuMed Inc.
Hologic Inc.
GE Healthcare
DMS Group

Bone Densitometer Market Segmentation:

By Technology Type:

Axial Bone Densitometry
- Dual Energy X-Ray Absorptiometry
- Quantitative Computed Tomography
Peripheral Bone Densitometry
- Single Energy X-Ray Absorptiometry
- Dual Energy X-Ray Absorptiometry
- Radiographic Absorptiometry
- Quantitative Ultrasound
- Peripheral Quantitative Computed Tomography

By End Use:

Hospitals
Clinics
Others

By Region:

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

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About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

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Vegan Dog Food Market Expected to Reach US$ 26.35 Billion by 2033 with 7% CAGR, Driven by Increasing Concern for Pet Health

In 2023, the vegan dog food market was estimated to be worth US$ 13.58 billion. The vegan dog food market is anticipated to register a CAGR of 7% from 2023 to 2033, reaching a value of US$ 26.35 billion.

Vegan pet food is made with plant-based and natural components rather than raw materials sourced from animals, and it is guaranteed to be free from any form of animal abuse or exploitation. The key trends in the human food industry, such as vegetarianism, clean labeling, alternative proteins, and healthier ingredients, impact the pet food industry.

From Niche to Mainstream: The Surging Acceptance of Vegan Food Products

The development of vegan alternatives in the pet food industry has come at a perfect time since vegan pet owners want their animals to adopt this way of life alongside them. This discovery has proven vital to the expansion of the industry. Dogs fed organic dog food experience a variety of health advantages, including fewer skin conditions and allergies, fewer digestive issues, better overall health, and a higher quality of life.

Changes in family structures and lifestyles that promote pet adoption are driving the growth of dog owners worldwide, raising the need for organic dog food. Vegan remedies are frequently used to treat digestive issues in dogs, such as upset stomachs, constipation, and bloating.

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Paw some Paradigm Shift: The Global Surge in Pet Humanization Unleashes a New Era of Fur-Baby Love

The phrase ‘pet humanization’ is becoming a widely used term in the pet business as more pet owners desire to give their pets items or experiences similar to those provided to humans. Pet owners want nutritive advantages, excellent ingredient quality, enhanced digestibility, and animal safety in their pet food since they view their animals as family members. Demand for premium pet food with a high nutritional content is rising as a result of this trend.

The need to eat healthfully has become more widely recognized thanks to the humanization of pets. The surge in recent expenditures on pets signifies that pet owners now can allocate more funds toward premium pet food products.

Regional Outlook of the Vegan Dog Food Market

In terms of vegan dog food sales, North America dominated the market in 2023. This is a result of the widespread adoption of pets in American households. The general acceptance of pet humanization among North American consumers spurred the local market to expand even more.

The United States and Canada, two of the leading nations in the region, are seeing an increase in the popularity of veganism.

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Key Takeaways

Kibbles or dry segment of the product type category is predicted to have a vegan dog food market share of 24.3% by 2033.
The conventional sector to attain a substantial market share of 81.2% in the nature category between 2023 and 2033.
The adult sector to attain a substantial market share of 53.6% in the age group category between 2023 and 2033.
Through 2033, the store-based retailing segment to acquire a market share of 86.4% in the distribution category.
Between 2023 and 2033, the bags segment in the packing category held a vegan dog food market share of 36.8%.
The United States may achieve a 10% market share in the global vegan dog food industry between 2023 and 2033.
From 2023 to 2033, Germany might hold 5.9% of the global vegan dog food business.
Between 2023 and 2033, Japan’s vegan dog food sector share might rise to 6.4%.
From 2023 to 2033, Australia may hold a 3.2% share of the vegan dog food industry.
The vegan dog food industry in China is expected to record a CAGR of 3.5% during the forecast period.
The vegan dog food business in the United Kingdom may capture a 6.6% CAGR between 2023 and 2033.
The India vegan dog food industry is likely to record a CAGR of 30.8% from 2023 to 2033.

Competitive landscape

Vegan dog food producers are concentrating on enhancing their online presence and funding research and development to broaden their market. Multinational vegan dog food firms are expanding their manufacturing facilities and acquiring local players to widen their product options.

Recent Advancements

Mars Petcare Bolsters Royal Canin with Acquisition of Nom Nom Now: Expanding Success and Enriching Product Line

Mars Petcare acquired Nashville-based Nom Nom Now in January 2022. Mars Petcare may incorporate the newly acquired brand into its Royal Canin subsidiary as part of this deal. This acquisition aims to expand Nom Nom Now’s success while enhancing Mars Petcare’s product line.

Revolutionizing Pet Food: Bond Pet Foods and Hill’s Pet Nutrition Join Forces to Create Sustainably, Nutrient-Rich Alternatives

In November 2021, Bond Pet Foods, a business that uses precise fermentation to produce animal proteins for use in pet food, partnered with Hill’s Pet Nutrition. The cooperation aspired to build a more environmentally friendly product to replace one of Hill’s most well-liked meat-based goods. The fermented protein can be created considering the nutritional needs of cats and dogs.

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Key Segments

By Product Type:

Kibble/Dry
- Extruded
- Baked
- Coated
Dehydrated Food
Treats and Chews
- Pastes
- Creames/Cream Snacks
- Crunchy Snacks
- Chew Sticks
- Tablets
- Biscuits
Freeze-dried Raw
Wet Food
Frozen
Powder
Freeze-dried Food

By Age Group:

Adults
Senior
Puppies

By Distribution Channel:

Store-based Retailing
- Hypermarkets/Supermarkets
- Convenience Stores
- Mom and Pop Stores
- Pet Stores
- Discounters
- Independent Grocery Retailers
- Drugstores
- Other Retail Formats
Online Retailers

By Packaging Type:

Pouches
Bags
Folding cartons
Tubs & Cups
Can
Bottles & jars

By Region:

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

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Ready To Drink (RTD) Tea Market Surging to US$ 72.9 Billion by 2033 with 8% CAGR, Fueled by Growing Demand for Healthy Alternatives

The ready-to-drink (RTD) tea market is registering a valuation of US$ 34.3 billion in 2023 and is estimated to reach US$ 72.9 billion by 2033. The market is capturing a CAGR of 8% during the forecast period.

Growing Demand for Healthy Substitutes for Carbonated Drinks

The global tea market is expected to grow in the future, as research predicts. The tea package is available in different flavors from different competitors in the market. Several companies demand tea bags (dip bags) in several developed regions.

Consumer knowledge and awareness about global tea’s health benefits encourage consumers to focus on living a healthy lifestyle, which is a key element driving the global ready-to-drink tea market forward. Ready-to-drink (RTD) tea also helps with weight loss, relieves headaches and body pain, lowers cholesterol levels, and lowers the risk of heart attacks.

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The growing awareness of healthy digestion, an active body, and better stamina, the demand for green tea is flourishing in the global market. Growing innovations, research and development activities, and promoting sustainability are advancing the global market.

Key Takeaways:

The ready-to-drink (RTD) tea market is predicted to register a CAGR of 8% with a valuation of US$ 72.9 billion in 2033.
In the historical period, the market secured a valuation of US$ 33.0 billion in 2022.
The United States is estimated to lead the global market by securing a share of 2.7% by 2033.
Germany is significantly growing the global market size by capturing a share of 4.9% during the forecast period.
With a share of 3.2%, Japan is anticipated to drive the global market during the forecast period.
Australia is projected to capture a share of 2.7% in the global market by 2033.
How Key Players are Advancing the Global Market?

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Key players are advancing the global market through various steps such as:

Product Innovation: Key players focus on providing innovative and unique products that attract consumers’ requirements. These key players are introducing fresh flavor products such as herbs, spices, and tea products with natural ingredients with health benefits.
Marketing and Branding: Key players are expanding their business through marketing and branding their products on various channels. These channels include online platforms, retail shops, and social media campaigns. Through these, relevant audiences can connect quickly and increase their sales volume.
Packaging and Convenience: Key players invest in simple, convenient, attractive packaging. This packaging can preserve goods for long life without toxicity and harmful chemicals.
Focus on Wellness and Health: With rising consumer demand for healthy drinks and ready-to-drink, key players develop functional ingredients. These functional ingredients include vitamins, antioxidants, and adaptogens, advancing market growth.

Recent Developments in the Global Market are:

Coca-Cola is a significant company that offers ready-to-drink tea. Recently, the company launched Gold Peak, Honest Tea, and Fuze Tea to expand its business portfolio.
Arizona Beverage Company launched its new ready-to-drink tea, Arnold Palmer Half & Half. The company expands its business portfolio through online platforms and distribution channels.

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Ready to Drink (RTD) Tea Market by Category

By Product Types:

Herbal
Black tea
Green tea
Others

By Sales Channel:

Direct Sales
Indirect Sales

By Region:

North America
Europe
Latin America
Asia Pacific
Middle East Africa

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Anti-Pollution Skin Care Products Market: Advancing at a 7.3% CAGR by 2033

In 2023, the market for anti-pollution skin care products is estimated to be worth US$ 7,511.6 million. Projections indicate that by 2033, this market will reach a value of US$ 15,247 million. Throughout the forecast period, the adoption of anti-pollution skin care products is expected to advance at a Compound Annual Growth Rate (CAGR) of 7.3%.

A potential trend in the anti-pollution skin care products market is the rising demand for multifunctional products that not only protect against pollution but also offer additional benefits like hydration and anti-aging properties. This convergence of functionalities presents a promising avenue for market players to explore. Another emerging trend is the customization of anti-pollution skincare, as consumers seek personalized solutions tailored to their specific needs and environmental conditions. This opens doors for innovative formulations and customizable product lines.

The market has yet to fully leverage the potential of digital technologies. Embracing e-commerce platforms, social media engagement, and virtual consultations can enhance brand visibility and create unique customer experiences. The demand for sustainable and eco-friendly packaging is gaining traction, presenting an opportunity for companies to align with environmentally conscious consumers.

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Expanding market reach to untapped regions and demographics holds great potential. Educating consumers about the importance of pollution protection and targeting emerging markets with increasing pollution levels can drive market growth. Overall, the anti-pollution skin care products market is poised for exciting and unexplored opportunities, awaiting those bold enough to seize them.

Key Takeaways from the Market:

By 2023, India is projected to dominate the South Asian market, representing more than 24.5% of the market share.
The market share of South Korea in East Asia is estimated to exceed 12.6% by 2023.
According to the analysis, women are expected to hold a significant share of 37.5% among end-users during the forecast period of 2023.
The natural/organic segment is anticipated to experience a noteworthy compound annual growth rate (CAGR) of 9.2% throughout the predicted period.
Sun care products take the lead, accounting for 28.8% of the market share in 2023.

“The anti-pollution skin care products market exhibits immense potential, driven by growing awareness of environmental concerns and increasing demand for protective skincare solutions.”, remarks an analyst at FMI.

How Key Players are revolutionizing the Manufacturing of Anti-Pollution Skin Care Products market?

Prominent players in the manufacturing of anti-pollution skincare products are spearheading a revolution. Through innovative techniques, cutting-edge research, and consumer insights, they are transforming the market. By harnessing advanced technology and natural ingredients, they create potent formulas that shield against environmental aggressors.

Collaborations with experts and scientists enable them to develop effective solutions. Embracing sustainable practices, they prioritize eco-friendly packaging and reduce their carbon footprint. Their commitment to quality and safety ensures products that meet regulatory standards. With impactful branding and strategic marketing, they educate consumers about the importance of protecting skin from pollution. Through these efforts, leading players drive the evolution of the anti-pollution skincare industry.

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Key Players in the Market:

Beiersdorf AG
Shiseido Company
Amway
Unilever PLC
The Estée Lauder Companies Inc.
L’Oréal S.A.
Kao Corporation
Colgate-Palmolive Company
Procter & Gamble Co.
Avon Products, Inc.
Others

Product Portfolio:

The Estée Lauder Companies Inc.: The Estée Lauder Companies Inc. offers a diverse product portfolio that includes renowned skincare, makeup, fragrance, and hair care brands such as Estée Lauder, Clinique, MAC, Origins, Aveda, and Jo Malone, catering to a wide range of beauty preferences and needs.
L’Oréal S.A.: L’Oréal S.A. boasts an extensive product portfolio encompassing skincare, hair care, makeup, and fragrance brands. Its portfolio includes popular brands like L’Oréal Paris, Maybelline New York, Garnier, Lancôme, Kiehl’s, and Redken, providing comprehensive beauty solutions for diverse consumer segments worldwide.

More Insights Available

Future Market Insights offers an unbiased analysis of the anti-pollution skin care products market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the anti-pollution skin care products market, the report is segmented on the basis of By Product Type (Sun Care Products, Moisturizers/Creams, Face Masks, Cleansers, Facial Scrubs & Toners and Serums), By Nature (Conventional and Natural/Organic), By End-User (Male, Female and Unisex), By Sales Channel (Hypermarkets/ Supermarkets, Convenience Stores, Specialty Stores, Salon Stores, Online Retailing, Pharmaceutical & Drug Stores and Others), across 5 major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Market Segmentation

By Product Type:

Sun Care Products
Moisturizers/Creams
Face Masks
Cleansers
Facial Scrubs & Toners
Serums

By Nature:

Conventional
Natural/Organic

By End-User:

Male
Female
Unisex

By Sales Channel:

Hypermarkets/ Supermarkets
Convenience Stores
Specialty Stores
Salon Stores
Online Retailing
Pharmaceutical & Drug Stores
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Author

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

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

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Reusable Incontinence Products Market: Projected Growth at a 6.1% CAGR by 2033

The global market for reusable incontinence products is predicted to achieve a value of US$ 685.1 million by the conclusion of 2023. Future Market Insights suggests that this figure will escalate at a Compound Annual Growth Rate (CAGR) of 6.1% from 2023 to 2033, eventually reaching US$ 1,242.8 million. Sales of reusable incontinence products are expected to grow by 1.8 times over the next decade.

In North America, there are significant growth prospects for manufacturers of reusable incontinence products. By 2022, this region represented 35.3% of total sales, with the United States alone contributing 30.3% of all sales within North America.

According to data from the Agency for Healthcare Research and Quality, approximately 13 million individuals in the United States have received a diagnosis of incontinence. While incontinence is commonly associated with the elderly population, there are factors contributing to its rising occurrence among younger individuals as well.

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In the present scenario, incontinence management is dependent on single-use products. There is a perception that single-use, or disposable, incontinence products are more hygienic, in the sense that they can be thrown away after use. This prevents chances of any kind of pathogen-borne infections from spreading. But the use of these disposable products also raises questions about their accumulation and eventual environmental pollution.

Healthcare providers are, therefore, advocating increased incorporation of reusable incontinence products in combination with disposable ones. A prominent trend reflected in this industry is an emphasis on sustainability. Brands suggest mix-and-match use of reusable as well as disposable products to improve the sustainability quotient of the approach towards battling incontinence, without compromising on efficiency and convenience associated with the use of products.

Key Takeaways:

By product type, reusable incontinence pads accounted for 32% of all sales in 2022.
Reusable incontinence pads are most widely sold across hypermarkets/supermarkets, yielding 16.2% of all revenue.
3 out of 10 reusable incontinence pads are likely to be sold across the United States.
Germany to emerge as a significant market in Europe, accounting for 6.6% of total reusable incontinence products demand.
China is likely to be the fastest growing market, expected to register a CAGR of 8.3% from 2023 to 2033.
From 2023 to 2033, the reusable incontinence products market is expected to grow by 1.8x.

“The geriatric population base globally is rising exponentially, which is leading to a sharp increase in the incidence of urinary and fecal incontinence. Manufacturers, therefore, are tailoring product specifications to suit the comfort and convenience of such patients, opening new growth frontiers.” Says an analyst at FMI.

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Competitive Landscape:

Prominent players operating in the reusable incontinence products market include Kimberly-Clark Corporation, The Proctor & Gamble Company, MediFabrik s.r.l, Essity AB, Cardinal Health Inc., Medline Industries Inc., Ontex International N.V., Attindas Hygiene Products, Activ Medical Disposable, Royal Medical Solutions Inc. and Abena Group among others.

In February 2022, Kimberly-Clark Corporation acquired a majority stake in Thinx Inc. The latter is a disruptor and leader in reusable period and incontinence underwear. The acquisition has enabled Kimberly-Clark to better address bladder leak and incontinence problems in the long run
Royal Medical Solutions Inc. offers a range of washable waterproof underpads bed pads for incontinence management. These pads are specifically designed for disability or individuals with body dysfunctions. These pads are especially suitable for elderly patients

More Insights Available:

Future Market Insights offers an unbiased analysis of the reusable incontinence products market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the reusable incontinence products market, the report has been segmented based on price range, sales channel, end user, and region. The following is a breakdown of the segmentation details:

Key Segments Covered in the Reusable Incontinence Products Industry Survey

By Product Type:

Cloth Adult Diapers
Reusable Incontinence Pads
Reusable Incontinence Underpads
Reusable Briefs

By End User:

Men
Women
Kids

By Price Range:

Mass/Economic (US$ 10 to 75)
Premium (US$ 75 & Above)

By Size:

Small
Medium
Large
X-Large

By Sales Channel:

Direct Sales
- Hypermarkets/Supermarkets
- Convenience Stores
- Departmental Stores
- Mono Brand Stores
- Specialty Stores
- Drug Stores
Online Retailing
Others

By Region:

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

Author

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Mining Explosives Consumables Market Projects US$ 224.8 Million Valuation by 2032

The global mining explosives consumables market is anticipated to expand at a CAGR of 5.5% during the forecast period, finds Future Market Insights (FMI) in a recent analysis. Growing focus to reduce consumption of industrial explosives in mining of iron ore, coal, and other minerals is expected to remain a key growth driver for the market.

Mining explosives consumables are extensively used in the mining industry along with industrial explosives to decrease the powder factor of rocks. These consumables are also used to enhance the impact of explosives on the rocks by creating immense pressure with the help of the air deck.

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Substantial use of industrial explosives for the mining of iron ore, coal, phosphate rocks, gypsum, bauxite, and other metals & quarries is expected to fuel demand. These consumables not only reduce the amount of explosives used but also help to reduce the carbon footprint of numerous mining companies.

Rising metal mining activities like lithium, cobalt, and others would create ample opportunities for key manufacturers. They can target specific regions with high mining potential to bolster their annual turnover. East Asia and South Asia Pacific regions are projected to dominate the global market owing to high mining activities.

Key Takeaways: Mining Explosives Consumables Market

The mining explosives consumables market witnessed steady growth at 6% CAGR during the historical period between 2017 and 2021.
By type, gas bags are estimated to witness considerable growth at a CAGR of 6% in the next ten years.
Based on application, the coal mining segment is expected to account for more than two-third of the overall consumption volume of mining explosives consumables in the next ten years.
Australia is expected to account for around 50% of mining explosives consumables demand in the South Asia Pacific region during the assessment period.
The global mining explosives consumables market is set to be valued at around US$ 131.2 Million by the end of 2022

Competitive Landscape

Key participants operating in the global mining explosives consumables market included in the report are MTI Group, Ideal Supply Inc., Stemlock, Inc., Australasian Mining Services (Pty) Ltd., PR Polymers, Layfield Group. Ltd., TIME Limited, Blasters Tool & Supply Co., Inc., Sarco Stopper Ltd., and Better Blasting among others.

Key market participants are investing in the expansion of their installed capacity, as well as global presence. Market players are also heavily involved in research and development activities to innovate their products and strengthen their product offerings. With the growing requirement for application specific products, key players are set to be benefited with strengthening of their product portfolios.

For instance:

The KOOLKAP Down-Under Bags, which were developed to withstand Australia’s severe weather conditions, are well suited for usage everywhere in the world and deliver exceptional performance even at elevations of over 4,500 meters.

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More Insights into the Mining Explosives Consumables Market Report

In its latest report, FMI offers an unbiased analysis of the global mining explosives consumables market, providing historical data from 2017 to 2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, its growth, and scope, the market is segmented based on type (gas bags (vinegar gas bags, inflated gas bags, self-inflating gas bags and others) and accessories (pin flags, solar lights, cone sleeves, blast hole liners, and others); application (iron ore mining, coal mining, bauxite mining, phosphate rocks and others) across six regions (North America, Latin America, Europe, East Asia, South Asia Pacific, and 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.

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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Ambulance Power Inverter Market Share to Reach US$ 112.17 Billion by 2032

The global ambulance power inverter market share is set to witness an impressive growth rate of 5.5% from 2022 to 2032. The ambulance power inverter market size is anticipated to reach a valuation of around US$ 112.17 Billion by the end of the year 2032 from the current valuation of US$ 64 Billion in 2022.

Until 2020, the demand for ambulance power inverters was limited to only a small fraction of the total ambulances owned by any public or private healthcare institution. However, when the Covid-19 pandemic overtook the available medical infrastructure of all major economies, the requirement for such inverters increased manifold in those two years, consequently escalating the sales of ambulance power inverter in the global market.

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Following the pandemic, several private companies have emerged to provide ambulance services on a private hiring business model. The growing adoption of such service models in different companies has boosted the ambulance power inverter market trends and resulted in its market acceleration.

According to geographies, the Asia Pacific region is anticipated to dominate the ambulance power inverter market due to the region’s growing need for such modern ambulance features and others, which is driving the market’s expansion. Next to the Asia Pacific, North America is anticipated to have considerable growth in the ambulance power inverter market share due to an increase in new technology adoption and a rise in service providers.

The sales of ambulance power inverters in European countries have improved to certain degrees as governments in various nations take steps to provide improved amenities in the healthcare sector. During the anticipated period, the Middle East and Africa are anticipated to grow slowly as the area develops, adopts new technology, and sees an increase in sales of ambulance multilevel inverters.

Further, the adoption of custom-fitted ambulance power inverters in any other type of emergency vehicle is a growing trend in some parts of the world. Such developments are anticipated to present immense ambulance power inverter market opportunities in the coming days.

Key Takeaways from Ambulance Power Inverter Market Study

The overall growth of the global ambulance power inverter market is estimated to be around US$ 48 Billion over the forecast years through 2032, in terms of absolute dollars.
On the basis of different types of the UPS segment, particularly UPS 650 VA, is the most preferred category for the application of such inverters in emergency vehicles.
Asia Pacific countries such as China, Japan, and India are the leading regions in the overall sales of ambulance power inverter in the global market and together contribute for almost 23% of it.
North America holds the second position in the list of leading markets in demand for ambulance power inverter according to various broad geographical regions.
Europe is recovering from its stagnant period in demand for ambulance power inverter and is expected to grow at a pace of 7% through the forecasted years.

Competitive Landscape for the Global Ambulance Power Inverter Market

A few of the major companies operating in the ambulance power inverter market are Omron Automation Pvt. Ltd., ABB Ltd., Tabuchi Electric Co., LTD., Samlex America Inc., PowerBright, SMA Solar Technology, Magnum Dimensions, Calsonic Kansei, Samlex America, and Stanley among others.

Presently, leading suppliers of ambulance power inverters are working to improve product dependability and quality by incorporating new technology. It has increased ambulance power inverter efficiency consequently improving its market penetration in last few years.

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Scope of Report

Report Attribute	Details
Growth rate	CAGR of 5.5% from 2022 to 2032
Base year for estimation	2021
Historical data	2015 – 2020
Forecast period	2022 – 2032
Quantitative units	Revenue in USD million, volume in kilotons, and CAGR from 2022 to 2032
Report coverage	Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,
Segments covered	Voltage type, application, sales channel, region
Regional scope	North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand
Country scope	U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa
Key companies profiled	Omron Automation Pvt. Ltd, ABB Ltd, Tabuchi Electric Co., LTD., Samlex America Inc., PowerBright, SMA Solar Technology, Magnum Dimensions, Calsonic Kansei, Samlex America, Stanley, and others.

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Booming Styrene Butadiene Rubber Market: Expected to Reach US$ 18 Billion by 2032

The global styrene butadiene rubber market is anticipated to create an absolute dollar opportunity by exhibiting a healthy CAGR of 5.5% between 2022 and 2032. The market is expected to reach US$ 10,584.3 Million in 2022 and is anticipated to surpass US$ 18,079.6 Million by 2032.

End-use industries are rapidly inclining towards synthetic rubber over natural rubber in the automotive tire industry which is expected to bolster growth in the styrene butadiene rubber market. Over recent years, the use of synthetic rubbers such as styrene-butadiene has witnessed impressive growth due to technological advancements coupled with rising applications in the industrial and automotive sectors.

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Key Factors

The styrene-butadiene rubber is becoming the consumer’s preferable choice because of its impeccable properties such as excellent heat resistance, low rolling resistance, wear resistance, and abrasion resistance. Therefore, end-users are inclining toward styrene butadiene rubber in the automotive industry. These above factors are expected to fuel the expansion of the global styrene butadiene rubber market in the coming years.

Due to the rise in sales of automobiles all over the world, the demand for styrene butadiene rubber is predicted to surge over the forecast period (2022-2032). As per the segmentations, the solution SBR segment is likely to witness the fastest growth during the forecast period. Demand for solution SBR is predicted to increase in the footwear application, fueling the sales in the market.

As per the studies, styrene-butadiene rubber is considered to be the most processed and synthetically manufactured rubber. The production of products and parts of products including car tires, mechanical rubber equipment or machine parts, and shoe soles, among others, are all made of this product. One of the major key factors expected to drive its growth in the styrene butadiene rubber (SBR) market is rising demand from the tire manufacturing industry.

In addition to that, surging demand for new automobiles and replacement tires along with the rising interest for synthetic rubber over industrial rubber is expected to fuel market growth. Styrene butadiene rubber has inherent advantages in terms of stability and physical properties, driving growth in the market.

Competitive Landscape

Leading manufacturers of styrene butadiene rubber primarily focus on developing sustainable butadiene in order to avoid being impeded by stringent government rules that restrict the use of chemically manufactured butadiene in various regions. To efficiently fit into the increasingly popular circular economy trends, SBR manufacturers are focusing on achieving sustainability in their business models.

Key Companies Profiled

Asahi Kasei
LANXESS
MICHELIN
China Petroleum & Chemical
ARLANXEO
Zeon Corporation
LG Chem
Trinseo
KUMHO PETROCHEMICAL
Goodyear Rubber Company
Versalis S.p.A.

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More Insights into the Styrene Butadiene Rubber Market

The U.S. is considered to dominate the global styrene butadiene rubber market in the North American region. Due to the rising popularity of electric vehicles, the overall sales of automobiles in the U.S. are expected to spur over the estimation period. This will also surge the demand for tires, which will in return boost sales of styrene butadiene rubber and styrene butadiene rubber latex.

Styrene butadiene rubber suppliers in the U.S. will also be benefitted from lucrative business opportunities brought on by the presence of leading industry players in the country. These aforementioned factors are anticipated to boost the growth in the U.S. styrene butadiene rubber market during the forecast period.

Attributed to the strict government initiatives and thriving automotive industry has encouraged the growth of the manufacturing sector, opportunities for suppliers of styrene butadiene rubber are expected to boost the market. Styrene butadiene rubber (SBR) demand witnessed a noticeable increase in China by registering a growth of 6.3% throughout the forecast period.

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Silicone Makeup Sponge Market Thrives with Encouraging Growth Trajectory | FMI

The silicone makeup sponge market is anticipated to register a CAGR of 7% during the forecast period, up from US$ 638.58 Million in 2022 to reach a valuation of US$ 1256.19 Million by 2032.

Increasing awareness about various benefits of silicone makeup sponge like reusability, user-friendliness, and superior outcomes to other beauty tools is also projected to increase the sales of silicone makeup sponges and aid in the growth of the silicone makeup sponge market share.

Beauty and Personal Care market is one of the fastest growing market owing to innovation in products as well as consumers are very conscious about their appearance these days. Makeup is no more a female centric element around the globe, there is a rise in male personal care and makeup market due to which companies like Asos, Calvin Klein, Yves Saint Laurent, Clinique, and others offer makeup for men while incumbent brands including MAC, Tom Ford, and Marc Jacobs have launched gender neutral makeup lines.

Due to which companies are bringing innovations not only in color cosmetics, however innovating the products which helps in applying makeup such as silicone makeup sponge. Silicone makeup sponge are of the similar the size of a traditional beauty blender that spreads product like a blender sponge or brush.

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Consumers are aware of the benefits of using hygienic products through social media platforms and in general. Silicone makeup sponges are more hygienic than other makeup blenders as it can be washed and cleaned up after the use.

Silicone Makeup Sponge Market: Market Dynamics

Silicone makeup sponge is trending and gaining popularity along consumers due to its unique property of totally apply the product on the skin. However, other makeup blenders does not apply the total foundations and creams on the skin as they are porous and due to which it soaks some quantity of makeups.

Increasing urbanization has led to changes in lifestyle of consumers which is driving the demand for innovative cosmetic products such as makeup removers, silicone makeup sponges, bronzers, highlighters, and glow products in the market. Moreover, increasing population of working women is another factor driving sales of premium quality silicone makeup sponges and grooming products. Also, increase in disposable income and higher spending power of women is driving sales of cosmetics in the market.

Since consumers are concerned about their hygiene and the consumption quantity as makeup products are expensive and the advantages of silicone makeup sponge are it does not absorbs foundation, powder or creams due to which wastage is negligible and silicone makeup sponge is antibacterial. There are many shapes and sizes of silicone makeup sponge available in the market with long lasting feature.

Product packaging is another growth factor for these products as they have pocket friendly packaging and women can easy carry these in their handbags. Silicon makeup sponge is offered to consumers at comparatively lower costs thus driving the sales in the cosmetic market.

APAC region is experiencing growth in personal grooming and cosmetic market. Male consumers are also showing equal interest in makeup products which is further driving the demand for such products in the market.

Silicone Makeup Sponge Market: Regional Outlook

The silicone makeup sponge market is expected to register a healthy growth across all the geographies during the forecast period. The beauty and personal care products are growing across the globe and likely to push market for silicone makeup sponge. The emerging economies are expected to create significant demand for silicone makeup sponge as there is lucrative growth in the beauty care product in the industry.

The South Asia and East Asia collectively represents a considerably high market growth for silicone makeup sponge due to the increasing population and adoption of innovative products among youth. China and India’s developing market is expected to have a positive impact on the growth of the silicone makeup sponge market. North America is a growing market due to high per capita income and the consumers’ high expenditure on the beauty and personal care products which are likely to boost the silicone makeup sponge market.

Additionally, Middle East & Africa is projected to showcase steady growth in the global silicone makeup sponge market owing to the rise in the big brands’ availability as well as high per capita spending.

Silicone Makeup Sponge Market: Key Players

Some of the major players in the silicone makeup sponge market are Colorbar cosmetics pvt ltd, ELF Cosmetics among others.

The research report presents a comprehensive assessment of the Silicone Makeup Sponge market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for Silicone Makeup Sponge market. The research report of Silicone Makeup Sponge provides analysis and information according to market segments such as geographies, product type, nature, and application.

The Silicone Makeup Sponge market report covers exhaustive analysis on:

Market Segments

Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved

Technology
Value Chain

The Silicone Makeup Sponge regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)

Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
East Asia (China, Japan, South Korea)
Oceania (Australia & New Zealand)
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Silicone Makeup Sponge 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 for Silicone Makeup Sponge provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Silicone Makeup Sponge market report also maps the qualitative impact of various market factors on market segments and geographies.

Silicone Makeup Sponge Market: Market Segmentation

The silicone makeup sponge market is segmented into different parts based on the price range, sales channel, end user, and geography.

Based on price range, the silicone makeup sponge market is segmented into:

Premium
Economy
Low

Based on end user, the silicone makeup sponge market is segmented into:

Individual
Commercial
Salon Franchises
Independent Beauty Parlors
Makeup Artists

Based on sales channel, the silicone makeup sponge market is segmented into:

Direct
Indirect
Hypermarkets/Supermarkets
Specialty Stores
Multi-Brand Stores
Independent Small Stores
Beauty Stores
Online Stores
Others

The Silicone Makeup Sponge Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Nandini Singh Sawlani

Vehicle Electrification Market Poised for Strong Growth at 10.3% CAGR, Driven by Electric Vehicle Preference and Sustainability Push

The global vehicle electrification market share is growing at a CAGR of 10.3% during the forecast period. The vehicle electrification market is expected to grow significantly in the coming years as a result of the preference for electrified vehicles among automotive and automobile manufacturers, as well as the increasing emphasis on environmentally friendly alternatives in automobiles.

Vehicle electrification, in line with sustainable transportation facilities, enables both vehicle manufacturers and end-users to benefit from it, transforming how transportation is perceived and contributing to vehicle electrification market growth.

Crucial Drivers Steering Vehicle Electrification Market Growth

Increasing conventional fuel prices, as well as increased sales of electric vehicles, may accelerate vehicle electrification market growth. Consumer demand for more fuel-efficient vehicles, stricter emission standards, and increased environmental awareness are all expected to drive vehicle electrification market growth. Various governments, including the United States, are actively encouraging vehicle electrification through tax breaks and subsidies.

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The primary factor driving the vehicle electrification market growth is the increasing use of technological advancements in electric vehicles, such as e-axles. Apart from that, rising demand for lightweight vehicle production to improve fuel efficiency is boosting market growth. Rising demand for hybrid vehicles is expected to drive the vehicle electrification market.

The Vehicle Electrification Industry’s Hardships

Electric vehicles are vehicles that incorporate advanced technologies and electric power components. There are a number of risks associated with these technologies, such as thermal runaway of the battery bank and fire that must be carefully considered. The current vehicle electrification market challenges impeding the popularity of electric vehicles are high battery costs, overheating, the total energy storage capacity of the battery, and the development of vehicle batteries.

Asia Pacific

The Asia Pacific region has the largest vehicle electrification market share. The government’s numerous efforts in India, South Korea, and China to promote the use of electric vehicles and provide tax breaks for such purchases may boost vehicle electrification market growth in this region. Aside from that, technological and economic advancements in this region, as well as increased disposable income, are all contributing to regional prosperity.

The electric power steering market is expected to be the largest in the vehicle electrification market. EPS reduces fuel consumption while increasing vehicle manoeuvrability. The vehicle electrification market trend is accelerating in Asia. EPS is installed at a rate of nearly 91% in Asia. As a result, the EPS segment is expected to have the largest vehicle electrification market share during the forecast period.

Key Takeaways:

Due to rapid technological advancement and the expanding automobile industry, the vehicle electrification market is expected to grow at a double CAGR during the forecast period.
North America is expected to be the fastest-growing market for vehicle electrification.
The United States is on track to be the market leader in North American vehicle electrification.
During the forecast period, the EPS segment is expected to have the largest market share.
The plug-in hybrid electric vehicle (PHEV) market is expected to grow the fastest in the vehicle electrification market.

Competitive Landscape:

Bosch (Germany), Continental (Germany), Denso (Japan), BorgWarner (US), and Mitsubishi Electric are among the major manufacturers in the vehicle electrification market (Japan). These businesses have diverse product lines and extensive global distribution networks. These companies use strategies such as new product development, expansions, collaborations, and contracts and agreements to maintain their vehicle electrification market position.

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Key Players

Toyota is one of the key players in the automobile industry that is implementing vehicle electrification. Toyota is innovating in the vehicle electrification market, leveraging the benefits of electrification to support their sustainability initiatives, with the goal of increasing electrified vehicle sales over the next decade.
Automobile manufacturers are expected to benefit from the initiatives taken by automotive players such as Renault Group and Bosch to implement vehicle electrification, transform public transportation with vehicle electrification, and add electrified vehicles to their product portfolio in the future.

Key Segments Covered in the Vehicle Electrification Market Report

Product Type:

Start/Stop System
Electric Power Steering (EPS)
Electric Air-Conditioner Compressor
Electric Vacuum Pump
Electric Oil Pump
Electric Water Pump
Liquid Heater PTC
Integrated Starter Generator (ISG)
Starter Motor
Alternator
Actuator

Degree of Hybridization:

Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Battery Electric Vehicle (BEV)
48 V

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

Recent Developments:

ARBOC Specialty Vehicles, LLC (USA) and XL Fleet Corp. (USA) worked together to electrify ARBOC Freedom low-floor buses.
Ford (USA) has acquired Electriphi (California), a provider of charge management and fleet monitoring software.
General Motors, a major American automaker, announced plans to introduce personal electric vehicles in 2021.
CATL, a Chinese EV battery manufacturer, plans to expand its partnerships with Coach B.V. & VDL Bus in the Netherlands and Quantron AG in Germany in 2020 to accelerate commercial vehicle electrification in Europe by improving local services and product solutions.
The company intends to release 30 electric vehicles worldwide by 2025, with roughly two-thirds of them available in North America.

Author

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

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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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