Market Research Blog – Page 3490 – New Product Development

Beverage Crate Market Projected to Reach US$ 668.20 Million by 2034, Driven by Rising Beverage Consumption and Retail Expansion

The global beverage crate market is on a trajectory of substantial growth, with projections indicating a robust Compound Annual Growth Rate (CAGR) of 5.20%, poised to reach a valuation of US$ 668.20 million by 2034. This forecast marks a significant expansion from its valuation of US$ 404.20 million in 2024, highlighting the market’s upward momentum and evolving dynamics.

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Key Market Drivers:

Rising Beverage Consumption: The global consumption of beverages, including soft drinks, beer, water, and juices, continues to rise steadily, propelling the demand for robust packaging solutions such as beverage crates.
Retail Expansion: The expansion of retail chains, supermarkets, convenience stores, and e-commerce platforms necessitates reliable packaging solutions to ensure beverages are safely transported and delivered to consumers worldwide.
Popularity of Specialty Beverages: The growing popularity of craft beers, artisanal sodas, and specialty beverages drives demand for packaging solutions tailored to accommodate niche products, further fueling market growth.
Sustainability and Cost-effectiveness: Reusable beverage crates are increasingly preferred by businesses and consumers due to their sustainability and cost-effectiveness, aligning with global efforts to reduce single-use plastics and promote responsible packaging practices.
Optimization of Supply Chains: Beverage manufacturers and distributors are adopting bulk purchasing strategies to optimize costs and enhance operational efficiency, driving demand for efficient packaging solutions.

Challenges and Restraining Factors:

Shift Towards Eco-friendly Packaging: The growing preference for eco-friendly alternatives such as biodegradable containers, cardboard boxes, and pouches poses a challenge to traditional beverage crates.
Emergence of Reusable Packaging Services: Subscription-based crate rental services and reusable packaging platforms offer alternatives to traditional packaging, impacting the beverage crate market.
Changing Consumption Trends: On-the-go consumption preferences and demand for smaller pack sizes affect the demand for large-format beverage crates, influencing market dynamics.
Waste Management Concerns: Environmental concerns surrounding recycling participation and end-of-life beverage crate disposal contribute to consumer hesitance towards traditional beverage crate options.
Integration of RFID Technology: Some beverage crate manufacturers are incorporating Radio-Frequency Identification (RFID) technology to enable efficient tracking, inventory management, and supply chain optimization.

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Some of the key takeaways from the report are highlighted below-

HDPE will remain highly preferred material used for making beverage crates
The demand for nestable and stackable beverage crates will continue rising through the forecast period
The rise in application of beverage crates in alcoholic drinks is expected to propel growth of the market during the forecast period
East Asia will dominate in the global beverage crates market. China is expected to emerge as the most lucrative market for beverage crates in the region
Europe will emerge as another lucrative region in the global market

Key Segments:

By Material Type:

HDPE (High-density polyethylene)
PP (polypropylene)
Others

By Product Type:

Nestable and Stackable
Collapsible

By Application:

Alcoholic Drinks
- Beer
- Wine
- Spirits
- Other Alcoholic Beverages
Non-alcoholic drinks
- Fruit juices
- Carbonated drinks or soda
- RTD beverages
- Bottled water
- Tea & coffee
- Milk Products

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Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

About Future Market Insights (FMI)

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

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Radio Frequency Identification Market Set to Soar at 13.2% CAGR, Reaching US$ 56.37 Billion by 2034

In the current year of 2023, the radio frequency identification market is projected to be valued around US$ 25.9 billion. By 2033, the whole market is projected to have grown to US$ 122.6 billion, with a compound annual growth rate of 16.8%.

One of the main reasons for the RFID market’s faster growth rate is the expanding need for this technology in the industrial sector for transmission lines. Furthermore, the necessity for RFID solutions has grown recently in the global market due to the rising need for improved inventory management.

The RFID technology is currently widely deployed to monitor assets on a real-time basis in industries such as transportation, logistics and supply chain, retailing, security, and so on. Recent technological advancements have also opened up the road for Radio Frequency Identification (RFID) market in the healthcare sector.

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The sudden increase in the deployment of RFID solutions throughout healthcare and service sectors has promoted the growth of the aforementioned market. Furthermore, the increase in laws and policy efforts is likely to drive research in Radio Frequency Identification technology.

Unfortunately, the high costs associated therewith RFID installation, procurement, and maintenance are expected to limit the market growth to certain degrees. Moreover, worries about data security and privacy, are projected to hinder the rapid adoption of RFID technology in many sectors as well.

Key Takeaways from the Radio Frequency Identification Market Study

China is the leading country in terms of the production and consumption of RFID products around the world. This regional market contributes to around 25% of the market alone and is poised to reach US$ 30.3 Bn by 2033.
The United States is the second-largest regional RFID market. The market is predicted to register a CAGR of 11.5% over the forecast years and reach a valuation of US$ 14.9 Bn by 2033.
India comes third in the overall sales of RFID products. However, it is the fastest-growing region in terms of the adoption of RFID technology and is anticipated to register a CAGR of 22.9% through 2033.
In Europe, the United Kingdom holds the largest market for an RFID solutions. It is projected to grow at a rate of 17.8% from 2023 to 2033 and reach a valuation of US$ 7.3 Bn by the end.
Based on components, RFID readers have garnered the highest sales than any other segment. It is predicted to register the highest CAGR of 16.5% until the year 2033.
Likewise, in the applications category, the retail and consumer goods segment promises a very lucrative opportunity for the market. This RFID market segment is expected to witness a year-on-year growth rate of 15.9% during the forecast years.

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Competitive Landscape for the Radio Frequency Identification Market

Zebra Technologies Corporation, Invengo Information Technology Co. Ltd., Xerox Corporation, Thin Film Electronics ASA, HID Global Corporation, GAO RFID Inc., Impinj, Inc., Alien Technology, Omni-ID, Ltd. and Molex Inc. among others are some of the major players in the global Radio-frequency Identification technology market.

The availability of low-cost RFID solutions with high rates of return has motivated many emerging industries to enter this market in the last few years. Additionally, an increased favourable policy and government frameworks and regulatory requirements for its uses have increased the sales of RFID tags recently.

Radio Frequency Identification Market by Category

Component:

RFID Tags
- Low Frequency (LF)
- High Frequency (HF)
- Ultra-High Frequency (UHF)
- Microwave Frequency
- Ultra-Wideband (UWB)
RFID Readers
RFID Software and Middleware

Applications:

Logistics and Transportation
Aerospace and Defense
Automotive
Retail and Consumer Goods
Agriculture
Healthcare
Government

Region:

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

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas 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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Global Military Communications Market Surges to US$116.96 Billion, Fueled by a Robust 10.5% CAGR

The global Military Communications Market, a cornerstone of the defense and security industry, demonstrated remarkable resilience and growth in 2023. With a market value of US$ 43.09 billion, the sector is poised for a momentous trajectory, projected to surge past US$ 116.96 billion at a striking CAGR of 10.5% during the forecast period.

The military sector’s continued expansion has become a primary catalyst for the unprecedented demand for advanced communication systems. As the international security landscape evolves, the necessity for secure, efficient, and cutting-edge communication solutions within the military is more pronounced than ever. The Military Communications Market is firmly positioned to meet these needs, resulting in high-growth prospects.

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The integration of commercial technologies into military communication systems is a recent trend in the industry. Commercial technologies such as smartphones, tablets, and wearables are now being integrated into military communication systems to improve situational awareness and communication.

The rise of satellite communication systems is a key trend in the military communication industry. This technology enables soldiers to communicate in remote areas where traditional communication networks are not available.

Key Takeaways from the Military Communications Market:

In 2023, the United States is predicted to have a 50% market share in the military communication industry.

By 2023, the United Kingdom is predicted to control 45% of the military communications industry.
In 2023, India is predicted to have a 37% market share in the military communications industry.
Systems are estimated to account for 51.5% of the military communication market in 2023.
Situational awareness is estimated to account for 42% of the military communication industry.
In 2023, the land force segment is estimated to account for 45% of the military communication market.

A Look at the Competitive Landscape of the Military Communications Industry

The military communications industry is highly competitive, with several key players dominating the market. These players are constantly striving to innovate and improve their products and services to maintain their position in the market. In this section, we will take a closer look at the competitive landscape of the military communications industry.

Some of the major players in the military communications industry include Harris Corporation, Thales Group, General Dynamics Corporation, Raytheon Company, L3 Technologies, Inc., BAE Systems, Northrop Grumman Corporation, and Rockwell Collins, Inc. These companies have a strong presence in the market and offer a range of products and services to their customers.

To stay ahead of the competition, companies in the military communications industry are investing heavily in research and development. They are constantly looking for ways to improve their existing products and develop new ones that meet the changing needs of their customers. In addition, companies are also focusing on strategic partnerships and collaborations to expand their reach and gain a competitive advantage.

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Recent Developments in the Military Communications Industry:

General Dynamics Corporation was awarded a national security agency contract for a high-assurance ethernet encryptor in May 2022. The business is anticipated to offer a high-assurance encryption solution that is compatible with ethereal data through this.
BAE Systems finalized the acquisition of Raytheon Technologies Corporation’s Collins Aerospace Military Global Positioning Systems (GPS) unit in July 2020. Through this acquisition, the firm hopes to utilize Raytheon’s years of experience, creative technology, and a wide variety of products.

Key Segments Profiled in the Military Communications Market Industry Survey

Military Communications by Component:

Military Communications by Systems

Satellite Communication Systems
Radar & Sonar Systems
Radio System

Military Communications by Services

Consulting
Testing & Integration
Support & Maintenance

Military Communications by Applications:

Military Communications by ISR
Military Communications by Situational Awareness
Military Communications by Command & Control

Military Communications by End User:

Military Communications by Air Force
Military Communications by Land Force
Military Communications by Naval Force

Region:

North America Military Communications Market
Latin America Military Communications Market
Western Europe Military Communications Market
Eastern Europe Military Communications Market
South East Asia and others of Asia Pacific Military Communications Market
China Military Communications Market
Japan Military Communications Market
Middle East & Africa (MEA) Military Communications Market

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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 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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Digital Phase Shifters Market Surges, Projected Valuation of US$ 824.1 Million by 2023, Driven by 34% CAGR

The global Digital Phase Shifters Industry is on the verge of a substantial transformation, with a projected valuation of US$ 824.1 million for 2023, and it’s expected to display remarkable growth, soaring at a CAGR of 34% over the forecast period. By 2033, the market is poised to reach a staggering US$ 15,419.6 million, indicating the unprecedented expansion of the industry.

In terms of market value share, North America now leads the rest of the world and is anticipated to do so for the foreseeable future. This long-term expansion can be linked to the commercialization of space exploration and the massive defense budget. This regional market will remain in the spotlight in the near future due to the substantial presence of US-based enterprises driving the market.

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Key Takeaways

The global digital phase shifters market is poised to reach a valuation of US$ 824.1 million in 2023, with an expected CAGR of 34%.
By 2033, the market is projected to grow exponentially, reaching US$ 15,419.6 million.
Key growth drivers include the development of 5G technology, advancements in antenna technology, and the continuous technological progress in the telecommunications and weather forecasting sectors.
Digital phase shifters are essential components of RF systems, making them integral to the evolving digital landscape.
The adoption of digital phase shifters

According to the study, North America and Europe will continue to be the leading areas in the worldwide Digital Phase Shifters Industry throughout the forecast period. The rising markets are likely to be Asia Pacific, the Middle East and Africa, and Latin America, as their enormous populations would put pressure on existing communications infrastructure, leading to an increase in demand for global digital phase shifters.

However, the research suggests that the entire digital phase shifters market may migrate away from the saturated markets of North America and Western Europe and toward less developed, rising economies such as MEA and SEAP.

Other key market segments include 4-Bits, 5-Bits, 6-Bits, 8-Bits, and others based on number of bits; and – 10.99GHz, 11 – 20.99GHz, and 21GHz and above based on the frequency range. While the market expects to witness highest growth of 8-bits segment in terms of the number of bits, 21GHz and above segment is projected to witness the highest CAGR value by frequency range.

Key Players

Some of the key players operating in the global Digital Phase Shifters Industry include Analog Devices, Inc., Murata Manufacturing Co., Ltd., MACOM, Qorvo, Inc., Astra Microwave Products Limited, Planar Monolithics Industries, L3 Narda-MITEQ, Pulsar Microwave Corporation, Pasternack Enterprises, Inc., Mercury Systems, Inc., and SAGE Millimeter, Inc. Designing bespoke solutions targeted at specific needs of various applications in different end-use industries will be the key strategy among leading companies in the global marketplace.

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Key Segments of Digital Phase Transformer Industry Survey By number of bits:

-4-bit digital phase shifter
-5-bit digital phase shifter
-6-bit digital phase shifter
-8-bit digital phase shifter
-Other

By frequency range:

-0.1 – 10 GHz Digital Phase Shifter
-11 – 20.99 GHz Digital Phase Shifter
-21GHz+ Digital Phase Shifter

By application:

-Digital Phase Shifter for Communications
-Digital Phase Shifter for Satellite Communications
-Digital Phase Shifter for Radar

By region:

-North American Digital Phase Shifter Market
-Latin America Digital Phase Shifter Market
-European Digital Phase Shifter Market
-East Asian Digital Phase Shifter Market
-South Asia and Pacific Digital Phase Shifter Market
-Middle East & Africa (MEA) Digital Phase Transformer 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 5000 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

Rapid Growth Projected: Cyber-Physical System Market to Reach US$ 137.6 Bn by 2028

In a new market research analysis, Future Market Insights examined the global cyber-physical system industry. The research provides a thorough examination of the market conditions for cyber-physical systems, including past data, present conditions, and future projections.

The study provides a thorough examination of the major growth factors and industry trends that are anticipated to have an influence in the years to come. Over the projection period, the technology industry is anticipated to have robust expansion due to the widespread usage of cloud computing and artificial intelligence. The enhanced digital revolution in data analytics and artificial intelligence, along with growing competitive pressure, is expected to boost the growth prognosis for the Cyber-Physical System market in the approaching ten years.

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According to the FMI’s report, Changes in consumer behavior, robust product innovations, and expanding distribution networks continue to influence growth of the Cyber-Physical System market. FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the Cyber-Physical System market report and gather data from a wide range of primary and secondary sources.

Impact of COVID-19 on Cyber-Physical System Market

With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook.

FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid Cyber-Physical System market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the Cyber-Physical System market.

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Key Questions Addressed in the Cyber-Physical System Market Report

How will the Cyber-Physical System market expand through 2031?
Which are the major key growth drivers and opportunities driving the market growth?
What are the recent technological developments in the Cyber-Physical System market?
What are key challenges and competition threats faced by Cyber-Physical System market players?
Which region is the most lucrative in the Cyber-Physical System market?

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Cyber-Physical System Market: Competitive Analysis

The FMI’s Cyber-Physical System market report provides a detailed analysis of prominent players as well as emerging companies operating in the Cyber-Physical System market. Some of the key players are:

Dell EMC
VMware Inc.
Hewlett Packard Enterprise
Schneider Electric
SAP SE
Honeywell International Inc.
Hitachi Vantara
Oracle

With an extensive SWOT analysis, the FMI’s study provides the strengths, weaknesses, growth prospects and product expansion within the players. The report also offers key players marketing strategies, recent mergers and acquisitions and pricing strategy to gain a competitive edge in the industry.

Cyber-Physical System Market: Key Segmentation

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Japan
Middle East & Africa

Incisive coverage of the regional markets offers deeper insights on the market performance across key regions along with relevant graphs, figures, and list of tables.

Component

Hardware
Software
Services

Vertical

Aerospace and Defense
Automotive
Energy and Utility
Healthcare
Manufacturing
Consumer Electronics
Others

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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.

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Nandini Singh Sawlani

aExplosive Growth Projected: Gigabit Wi-Fi Access Point Market to Surge at 32.3% CAGR by 2027

According to the report, the global gigabit Wi-Fi access point market is expected to rise at a stellar CAGR of 32.3% from 2022 to 2027. In 2022, the market was worth US$ 3.61 Billion and is expected to rise to a valuation of US$ 14.65 Billion by the end of 2027.

Future Market Insights (FMI) has published a new report on the gigabit Wi-Fi access point market. The report has been titled “Gigabit Wi-Fi Access Point Market: Global Industry Analysis 2016-2021 and Opportunity Assessment 2022-2027.” Vendors across the globe are eyeing India as it is one of the potential regions to capitalise on and is expected to provide lucrative prospects in the coming years.

Seeking huge GWAP growth opportunities in India, leading players such as SAMSUNG need to focus on the India market to offer innovative GWAP solutions for strengthening their presence in emerging countries. India has a huge potential, which is attracting vendors associated with the GWAP market to export their products to India.

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Drivers and Opportunities:

Several factors are propelling the Gigabit Wi-Fi Access Point Market forward. The rapid adoption of smart devices, coupled with the increasing reliance on cloud-based services, is fueling the demand for high-speed and reliable Wi-Fi connectivity. Additionally, the surge in remote work and e-learning due to the global pandemic has further underscored the need for robust Wi-Fi infrastructure. These trends present substantial growth opportunities for market players.

Competitive Landscape – Regional Trends:

The competitive landscape in the Gigabit Wi-Fi Access Point Market is witnessing intense rivalry among key players. To gain a competitive edge, companies are focusing on technological advancements and product innovations. The market is segmented regionally, with North America dominating due to widespread adoption of gigabit Wi-Fi access points. Asia-Pacific is emerging as a lucrative market, driven by rapid urbanization and increasing digitalization.

Restraints:

Despite the promising growth prospects, the Gigabit Wi-Fi Access Point Market faces some limitations. Challenges related to network security and data privacy remain paramount concerns, necessitating continuous investment in cybersecurity measures. Additionally, cost constraints and interoperability issues may impede market growth in certain regions.

Region-wise Insights – Category-wise Insights:

Regionally, North America is expected to maintain its dominance throughout the forecast period, driven by the presence of major market players and robust infrastructure. In contrast, the Asia-Pacific region is anticipated to witness the highest growth rate, owing to burgeoning internet penetration and digital transformation initiatives.

In terms of categories, enterprise deployment of gigabit Wi-Fi access points is anticipated to lead the market, driven by the demand for seamless connectivity in corporate environments. Residential usage is also on the rise, as consumers seek high-speed internet for streaming, gaming, and home automation.

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Gigabit Wi-Fi access point Market by Category

By Maximum Data Delivery Rate :

Less than 868 Mbps
868 to 1300 Mbps
More than 1300 Mbps

By End User :

Residential
Commercial/Industrial
Retail
Education
Manufacturing
Hospitality
Healthcare
Others

By Component :

Wireless Access Points
Indoor
Outdoor
Special-purpose
Wireless LAN Controllers

By Region :

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Middle East & Africa
Japan

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 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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Cane Molasses Industry on Track to Hit US$ 5.3 billion by 2033, Showcasing Robust 4.5% Compound Annual Growth

The cane molasses market is anticipated to expand its roots at an average CAGR of 4.5% between 2023 and 2033. The market is expected to have a market share of US$ 5.3 billion by 2033, while it is likely to be valued at US$ 3.4 billion in 2023

With the extended range of applications from the food and beverages sector to the dairy and meat industry, cane molasses is helpful across the verticals. Furthermore, the higher nutritional structure of molasses is also making it popular among the health-conscious population.
The growing awareness and expanding packaged product sector are anticipated to flourish the overall market growth. Alongside this, the increasing popularity of blackstrap molasses is contributing to the market growth.
Better diabetes management, vital mineral potassium, and other elements are helping the cane molasses prevent hypokalemia and high blood pressure.
The influencers promoting health-based trends and making people aware of cane molasses’ health benefits are flourishing the market growth. Though, the drawbacks for the market, such as some side effects, including diarrhea, cancer, and irritable bowel syndrome, are limiting the market growth.
The expanding online shopping and penetration of e-commerce websites are flourishing the market growth. Furthermore, the higher acceptance of molasses in developing nations is garnering market growth.

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Key Points

The United States market leads the cane molasses market in terms of market share in North America. The United States region held a significant market in 2022. The growth in this region is attributed to the growing awareness around sugar alternatives; increased demand through the industrial segment is also garnering market growth.
The German market is another important market in the European region. The market held an essential share in 2022. The growth is attributed to the growing health-conscious population and the restored food and beverages sector.
The India cane molasses market thrives at a robust CAGR during the forecast period. The growth is attributed to sustainability goals, higher production of ethanol, and a substantial diabetic population.
The China market has a significant share of the market. The growth is caused by increased industrial expansion.
Based on product type, the conventional segment leads the market as it holds a significant share in 2023.
Based on the application, the industrial segment leads the market as it held a market share in 2022.

Competitive Landscape

The key vendors focus on improving the effectiveness of molasses while producing application-specific products. The player also delivers different types of molasses. Key competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

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Recent Market Developments

Cora Texas Manufacturing Company LLC has introduced blackstrap molasses that helps patients with different health conditions, such as anemia and constipation. The industrial applications of this cane molasses grade are also in high demand.
Sweet Harvest Foods Inc has launched cane molasses with branded and private label capabilities. The product also has OU kosher certification.

Key Segments Covered

By Type:

Organic Molasses
Conventional Molasses

By Application:

Household
Food & Beverages
Industrial
Animal Feed
Others

Key Regions Covered:

North America
- United States
- Canada
Latin America
- Brazil
- Mexico
- Rest of Latin America
Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
Japan
Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- The Middle East and Africa (MEA)

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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
For Sales Enquiries: sales@futuremarketinsights.com
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Melatonin Industry Surges with a Projected CAGR of 8.2%, Aiming for US$ 217.9 million by 2033 | FMI

The global melatonin market is expected to reach a valuation of US$ 98.5 million in 2023. The global market is forecast to rise at 8.2% CAGR during 2023 to 2033. By 2033, the overall market valuation is expected to reach US$ 217.9 million.

One of the key factors that drive the growth of the melatonin market is the expansion of the dietary supplement industry in developing countries. The dietary supplements industry in regions such as North America and Europe is highly mature. It supports the manufacturers of melatonin in promoting market growth in other regions.

For instance, in countries with an emerging urban population such as India, China, and Brazil, and regions such as the Middle East, there is a growing demand for supplements.

Growth opportunities in the melatonin industry owing to growing supplement consumption in Middle East and Asia-Pacific are prompting manufacturers to set up production units in these regions. Due to this, countries such as China have emerged as the leading producers and exporters of melatonin.

Growing preference for natural and gerbil remedies, including sleep aids. Melatonin, being a naturally occurring hormone, is viewed as a safe and non-addictive option compared to others. This is expected to further drive demand through 2033.

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As people become more aware of the importance of sleep and the prevalence of sleep disorders, the demand for melatonin as a sleep aid has increased. It helps in regulating the sleep cycle, making it a popular choice among individuals struggling with insomnia and other sleep-related issues.

In today’s fast-paced and stressful lifestyle, several individuals experience high levels of stress and anxiety. Melatonin supplements are used as a natural remedy to promote relaxation and improve sleep quality.

Another factor that promotes demand is people with shift work and jet lag. People who work night shifts or frequently travel across time zones often face challenges in maintaining a sleep schedule. Melatonin is used to adjust sleep patterns and alleviate symptoms of jet lag.

Key Takeaways from the Report:

The global melatonin industry is estimated to be valued US$ 98.5 million in the year 2023.
The United Sates is set to worth at US$ 64.7 million in the North America market by 2033.
China is anticipated to surge at 10.0% CAGR in the Asia Pacific market between 2023 and 2033.
In terms of product type, powder/tablet segment is anticipated to soar at a CAGR of 8.2% over the projection period of 2023-2033
By nature, synthetic division is poised to hold about 94.4% shares in the global market.

“Growing trend towards natural and plant-based products, will fuel growth in the market. Manufacturers are focusing on developing innovative and sustainable solutions that cater to this demand.” – says a lead analyst at Future Market Insights (FMI)

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Who is Winning?

Robinson Pharma, Inc, Wellona Pharmaceutical, Molekula Group, Ebrator Biochemicals, Neurim Pharmaceuticals Ltd., Xi’an Gaoyuan, Flamma Group, Sisco Research Laboratories, Superior Supplement Manufacturing, Shaanxi Yuantai Biological, Vita Actives Ltd., Ankaim Inc, Nutraland USA, Inc., Spectrum Laboratory Products, Inc. and Doyin Group are key melatonin manufacturers in the melatonin market.

These companies are focussing on expanding portfolios by launching new products to remain competitive in the market.

These companies are also emphasized on the quality and purity of their products to build trust among consumers. They are also establishing partnership with retail chains, pharmacies, and online platform to ensure availability.

Key companies are also collaborated with healthcare providers to sell their products through prescription channels

For instance,

In 2020, Nutraland USA, Inc. introduced a new product to the market – melatonin made from a plant-based treatment type. The product has been certified as vegan-by-Vegan Action, thus catering to the growing demand for plant-based and cruelty-free products among consumers.
In April 2023, a new medication initiative by Celmatix Inc. that targets melatonin receptors beyond of the CNS (central nervous system) has been unveiled.
In October 2022, BudPop has unveiled a range of flavor-infused melatonin gummies that also contain CBN to help with sleeplessness and relaxation.

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Get More Valuable Insights

Future Market Insights (FMI) has released an objective assessment of the global market, presenting past demand data from 2018 to 2022 and projecting forecast statistics for the 2023 to 2033 period.

The study includes captivating understandings on the melatonin market based on product type (powder/tablets and liquid), nature (natural and synthetic), and treatment type (dietary supplements, pharmaceuticals), across various regions.

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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Navigating the Canthaxanthin Surge: Global Market Soars to US$ 245.3 Million by 2033 | FMI

Canthaxanthin Market

In 2023, the size of the global canthaxanthin market is anticipated to surpass a valuation of US$ 125.9 million. It is anticipated to expand even more between 2023 and 2033 at a CAGR of 6.9%. By the end of 2033, it’s expected to reach US$ 245.3 million.

The growth of the convenience and processed food sectors is one of the vital factors anticipated to fuel growth in the global canthaxanthin industry. Demand for canthaxanthin is probably going to increase as the sector grows in numerous emerging nations throughout the world.

Different foods gain brilliant color from canthaxanthin, which increases their visual attractiveness to consumers. This capability has allowed its use to be broadened to include baked items, dairy products, confections, and beverages.

“There is a growing demand for natural pigmentation solutions in the food and cosmetic sectors. In order to meet this growing demand, canthaxanthin manufacturers need to engage in innovations and strategic partnerships,” – says a lead analyst at Future Market Insights (FMI).

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It is well-liked in the cosmetic sector since it has skin tanning and bronzing effects. Canthaxanthin has become a highly sought-after ingredient in cosmetic formulations as a result of the growing trend toward getting ingredients from natural and sustainable sources.

Canthaxanthin has rising uses in the pharmaceutical and nutraceutical sectors in addition to its use in the food and cosmetics sectors. Researchers are interested in it owing to its antioxidant characteristics and potential health benefits, including its ability to protect against oxidative stress and preserve eye health.

Canthaxanthin has a wide range of uses in several sectors, which has inspired producers to adopt a combination of technologies to meet the rising demand from various end users. For instance, purification processes and contemporary filtration techniques help regulate contaminants and pollutants, producing a high-quality finished good.

Key Takeaways:

The global canthaxanthin industry expanded at a CAGR of 5.3% from 2018 to 2022.
China canthaxanthin market is expected to reach a valuation of around US$ 30.3 million by 2033.
The United States canthaxanthin industry is projected to witness a 6.9% CAGR from 2023 to 2033.
The United Kingdom canthaxanthin market is anticipated to surge at a 4.8% CAGR in the next ten years.
Based on nature, the synthetic canthaxanthin segment is expected to hold a significant market share of 83.7% in 2033.

Competitive Landscape:

Canthaxanthin manufacturers would focus on developing new and improved formulations, enhancing the quality and purity of their products. They can also find innovative ways to incorporate canthaxanthin into various applications. This could involve research and development efforts to optimize production processes or explore new applications for canthaxanthin in different sectors.

Manufacturers might also explore new geographical markets or target specific customer segments to expand their customer base. This could involve entering new regions or countries where canthaxanthin demand is growing. They could also target sectors that have a high potential for canthaxanthin usage such as food, pharmaceuticals, or cosmetics.

Collaborating with other companies in the value chain such as suppliers, distributors, or end users, can be a strategy to strengthen market presence. A few manufacturers might form partnerships to improve supply chain efficiency, enhance distribution networks, or gain access to new markets.

For instance,

DSM is a global science-based company that specializes in health, nutrition, and sustainable living solutions. DSM Nutritional Products, a subsidiary of DSM, is involved in the production and distribution of a wide range of nutritional ingredients, including canthaxanthin. They offer canthaxanthin products for various applications such as food, beverages, dietary supplements, and animal nutrition.
BASF is a multinational chemical company headquartered in Germany. It is a leading supplier of chemicals, plastics, performance products, and agricultural solutions. BASF offers a diverse range of products, including canthaxanthin, which is used in the food & beverage sector for colouration purposes. It provides canthaxanthin products that comply with regulatory requirements and meet high-quality standards.

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Key Companies Profiled:

Allied Biotech Corporation
BASF SE
DSM
ROHA (A JJT Group Company)
Sensient Colors LLC.
Divi’s Laboratories Limited.
Zhejiang NHU Company Ltd
Zmc Gmbh
NOVUS INTERNATIONAL
Healtheway Xi‘an Biotechnology Co.Ltd
Guangzhou Juyuan Bio-Chem Co., Ltd.
Lemnaceae Fermentation Inc
Biosynth
Emd Millipore Corporation
FOODCHEM
INDOFINE CHEMICAL COMPANY MS
POLIFAR GROUP LIMITED
HSF Biotech
Other Players (On Additional Requests)

Canthaxanthin Market Categorization:

By Nature:

Natural
Synthetic

By End Use:

Beverage
- Alcoholic Beverages
- Carbonates (Carbonated Soft Drinks), Energy Drink
- Juice Based Drinks
- Milk Drinks & Milk Alternatives
- Sports Drinks
- Flavored Water, Enhanced Water, Sparkling Waters
Bakery
- Snacks & Cereal
- Breakfast Cereal
- Bread
- Cakes & Pastries
- Cookies & Biscuits
- Crackers & Savory Snacks
Candy / Confectionery Dairy
Meat, Poultry, Fish, & Eggs
Sauces, Soups, & Dressings
Seasonings
Dietary Supplement
Pharmaceuticals
Pet Food

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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 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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Insulated Glass Market to Reach US$ 22.8 Billion by 2032, Fueled by Growing Demand in Residential Construction

The global insulated glass market is poised for substantial growth, with a projected value of US$ 13.4 Billion in 2022 expected to surge to US$ 22.8 Billion by 2032, showcasing a robust compound annual growth rate (CAGR) of 7.5% from 2022 to 2032, according to an upcoming report by Future Market Insights (FMI). The surge in demand is attributed to the rising need for energy-efficient buildings, driven by a collective global initiative to reduce carbon footprints. The increasing adoption of insulated glass in construction projects is anticipated to play a pivotal role in meeting the escalating demand for sustainable and environmentally friendly solutions in the years ahead.

Insulated glass, also known as double glazing, is a specialized type of glass that consists of two or more glass panes separated by an air or gas-filled space. This design enhances thermal performance, providing insulation against heat transfer and sound transmission. The insulated glass market has experienced significant growth in recent years, driven by the increasing demand for energy-efficient solutions in the construction and automotive industries

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Key Factors Driving the Market:

Energy Efficiency Regulations: Stringent regulations and standards aimed at reducing carbon emissions and promoting energy-efficient buildings have fueled the demand for insulated glass. Governments worldwide are implementing policies that encourage the use of energy-efficient materials, and insulated glass aligns perfectly with these initiatives.
Growing Construction Industry: The construction industry’s continuous growth, particularly in emerging economies, has been a major driver for the insulated glass market. The need for modern and sustainable infrastructure, coupled with a rising awareness of environmental issues, has propelled the adoption of insulated glass in new construction projects.
Rising Consumer Awareness: Increased awareness among consumers regarding the benefits of insulated glass, such as reduced energy costs, improved comfort, and enhanced sound insulation, has led to a surge in demand. Homeowners and businesses alike are increasingly recognizing the long-term value of investing in insulated glass solutions.
Advancements in Technology: Ongoing technological advancements in glass coatings and manufacturing processes have contributed to the development of high-performance insulated glass products. Innovations such as low-emissivity coatings and gas-filled chambers enhance the thermal and acoustic insulation properties of these glass units.

Regional Outlook:

The market’s growth is not uniform across regions. Developed economies with a focus on sustainability, such as North America and Europe, have witnessed substantial demand. Meanwhile, emerging economies in Asia-Pacific and Latin America are increasingly adopting insulated glass solutions due to rapid urbanization and infrastructure development.

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Top Key Players in the Global Market

Technical Glass Products
AGC Glass Company North America
sedak GmbH & Co. KG
CIG Glass
Innovative Glass Products
Fuso Glass India Pvt. Ltd.
Collins-Toker
Hartung Glass Industries
Glass Insulators Inc.
Intertek Group plc
Wojan Window & Door Corporation
Ramapo
Clearvue Insulating Glass

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