Market Research Blog – Page 3495 – New Product Development

Automating Transit: Automated People Mover Market to Reach US$ 899.3 Million by 2033

The global automated people mover market in 2022 was US$ 486.7 million and is estimated to be US$ 499.8 million in 2023. FMI opines that the automated people mover market is predicted to expand at a CAGR of 6.05% between 2023 and 2033, totaling around US$ 899.3 million by 2033.

Market Overview:

The Automated People Mover Market addresses the growing demand for efficient and sustainable transportation solutions in urban and high-traffic areas.

APM systems are designed to operate on dedicated guideways or tracks, utilizing automated vehicles or trains to transport passengers between predefined stations or terminals within a controlled environment.

These systems offer benefits such as reduced travel times, improved accessibility, enhanced safety, and reduced environmental impact compared to traditional modes of transportation.

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Key Players:

Manufacturers: Leading manufacturers of APM systems include companies like Bombardier Transportation, Mitsubishi Heavy Industries, Siemens AG, Doppelmayr/Garaventa Group, and POMA Group.

Infrastructure Developers: Companies specializing in transportation infrastructure development, such as Bechtel Corporation and Skanska Group, play a key role in the planning, design, and construction of APM guideways, stations, and terminals.

Operators and Service Providers: Airport authorities, transit agencies, and private operators manage and operate APM systems, providing passenger services, maintenance, and system monitoring.

Market Drivers:

Urbanization and Population Growth: Rapid urbanization and population growth in cities and metropolitan areas increase the demand for efficient and sustainable transportation solutions to address congestion, pollution, and mobility challenges.

Airport Expansion and Modernization: Growing air passenger traffic and the expansion of airport facilities drive demand for APM systems to provide seamless connectivity between airport terminals, parking facilities, rental car centers, and other airport amenities.

Urban Mobility Solutions: APM systems serve as part of integrated urban mobility solutions, offering last-mile connectivity, feeder services to transit hubs, and efficient transportation options for urban residents, commuters, and visitors.

Smart City Initiatives: Smart city initiatives and urban development projects prioritize the implementation of APM systems as part of comprehensive transportation networks to promote sustainable mobility, reduce carbon emissions, and enhance quality of life.

Key Takeaways from the Market Study

The anticipated size of the automated people mover market in 2018 was US$ 299.7 million.
The anticipated size of the automated people mover market in 2022 was US$ 486.7 million.
The global automated people mover market expanded at a CAGR of 5.28% between 2018 and 2022.
North America holds a market share of 76.7% in the automated people mover market.
The United Kingdom expands at a CAGR of 6.97%.
Based on the application segment, airports are projected to hold a market share of 66%.
Based on the system type segment, the duo rail segment is anticipated to expand at a CAGR of 6.0% in terms of value.

“Concentrating on both contracts and commercial opportunities in order to maintain project retention is one of the key opportunities for automated people mover manufacturers”, comments a Future Market Insights analyst.

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Key Developments of the Key Players in the Automated People Mover Market

In July 2023, Siemens invests €1 billion in Germany and creates a blueprint for the industrial metaverse in Nuremberg metropolitan region.
In April 2023, Siemens Digital Industries Software and IBM announced they are likely to be expanding their long-term partnership by collaborating to develop a combined software solution integrating their respective offerings for systems engineering, service lifecycle management, and asset management.

Key Segment

System Type

Monorail
Duorail
Automated Guideway Transit or Maglev

Application

Airports
Urban Transit
Amusement Parks
Shopping or Commercial Centers
Others

Region

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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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Steady Growth Projected: Automotive Pillar Market to Reach US$ 10,690.3 Million by 2033

The worldwide automotive pillar market is anticipated to amass a revenue of US$ 10,690.3 million by 2033 as opposed to US$ 7,016.9 million in 2023. The market is set to experience a moderate CAGR of 4.3% from 2023 to 2033.

Market Overview:

The Automotive Pillar Market encompasses the design, manufacturing, and supply of pillars for various types of vehicles, including cars, SUVs, trucks, and commercial vehicles.

Pillars are typically made of high-strength steel, aluminum, or composite materials, depending on the vehicle’s design requirements, safety standards, and weight considerations.

They are classified based on their location and function within the vehicle, such as A-pillars (located at the front of the vehicle, adjacent to the windshield), B-pillars (located between the front and rear doors), C-pillars (located at the rear of the vehicle, adjacent to the rear window), and D-pillars (found on larger vehicles like SUVs and vans).

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Key Players:

Automotive OEMs: Vehicle manufacturers design and produce pillars as integral components of their vehicles. Companies like Toyota, Volkswagen, General Motors, Ford, and BMW are major players in the automotive pillar market.

Tier 1 Suppliers: Tier 1 suppliers, such as Magna International, Gestamp, and Martinrea International, supply automotive pillars and other body structural components to OEMs.

Material Suppliers: Companies providing high-strength steel, aluminum, composite materials, and other raw materials used in pillar manufacturing also play a significant role in the market.

Market Drivers:

Safety Regulations: Stringent safety regulations and crash safety standards drive the demand for pillars that can withstand impact forces and protect occupants in the event of a collision.

Vehicle Lightweighting: The automotive industry’s focus on vehicle lightweighting to improve fuel efficiency and reduce emissions has led to the development of lightweight pillars made from advanced materials like aluminum and composites.

Design Trends: Evolving vehicle design trends, such as panoramic sunroofs and larger windows, require pillars with optimized structural design and reduced thickness to maximize visibility without compromising safety.

Consumer Preferences: Consumer preferences for vehicles with sleeker profiles, larger interior spaces, and enhanced visibility influence pillar design and materials selection by OEMs.

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Automotive Pillar Market Outlook by Category

By Product Type:

Pillar A
Pillar B
Pillar C
Pillar D

By Vehicle Type:

Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle

By Sales Channel:

Original Equipment Manufacturer
Aftermarkets

By Region:

North America
Latin America
East Asia
South Asia and Pacific
Western Europe
Eastern Europe
Central Asia
Russia and Belarus
Balkan and Baltics Countries
Middle East and Africa

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.

About Future Market Insights (FMI)

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

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Tin Containers Market Projected to Reach US$ 17.9 Billion by 2032, Fueled by Beverage and Pharmaceutical Industries

The global tin containers market is poised for substantial growth, with a projected valuation of US$ 17.9 billion by 2032, exhibiting a noteworthy CAGR of 5.3% from 2022 to 2032. The burgeoning demand for tin containers across the beverage, paints & coatings, and pharmaceutical industries is expected to drive market expansion in the coming years.

Key Drivers Propelling Tin Containers Market Growth:

Rising Usage in the Pharmaceutical Industry: Tin containers and tinplate find extensive usage in the pharmaceutical sector for packaging capsules, powders, ointments, and pastilles due to their high resistance to microbes, odors, moisture, and gases. The robust, opaque, and unbreakable nature of tin containers, coupled with excellent printability, enhances brand credibility and fuels demand in the pharmaceutical industry.
Surging Demand in the Beverage Industry: The increasing consumption of sucralose juices, health drinks, carbonated soft drinks, and healthy beverages worldwide is driving the demand for tin containers. The ease of filling and high-speed manufacturing of tin containers offer a competitive edge, despite competition from glass and plastic containers.

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Emerging Opportunities in North America:

North America is poised to dominate the tin containers market, driven by the presence of major beverage manufacturers such as Coca-Cola and PepsiCo in the USA and Canada. The high recyclability of tin containers and rising preference for multi-pack and small-size packaging formats among consumers contribute to market growth in the region.

Contribution of Asia Pacific to Tin Containers Market Growth:

The Asia Pacific region, particularly India, China, and Southeast Asian countries, is witnessing significant growth in tin containers market. The growing production of tin and the rise of food processing companies in the region, along with investments by international companies in local manufacturing facilities, are key drivers of market growth. Additionally, the focus on producing mini cans and containers to cater to consumer preferences for smaller volumes at lower costs further augments market expansion across Asia Pacific.

Growth Opportunities in the Tin Containers Industry:

Sustainable Packaging Demand: With the increasing focus on environmental sustainability, there is a growing demand for eco-friendly packaging solutions. Tin containers, being recyclable and reusable, present a significant growth opportunity in the market.
Food and Beverage Sector: The food and beverage industry’s expansion, particularly in emerging markets, offers a substantial growth avenue for tin containers. These containers are preferred for preserving food quality, ensuring longer shelf life, and meeting regulatory standards.
Innovation in Design and Functionality: Continuous innovation in tin container design and functionality, such as easy-open lids, unique shapes, and enhanced graphics, can attract consumers and drive growth. Customization options for branding also play a crucial role in this regard.
Pharmaceutical Packaging: The pharmaceutical industry’s increasing need for secure and durable packaging solutions is a promising growth area for tin containers. They provide protection against light, air, and moisture, ensuring the integrity of pharmaceutical products.
E-commerce Packaging Solutions: As e-commerce continues to thrive, tin containers offer robust packaging solutions for products requiring protection during transit. This includes cosmetics, electronics, and other items where durability is essential.

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Challenges Faced by the Tin Containers Industry:

Limitations with Acidic Products: Tin packaging cannot be utilized for extremely acidic products due to its corrosive nature, which may lead to the deterioration of both the packaging and the product.
Transparency and Storage Challenges: Tin containers are not transparent, hindering consumers’ ability to see the contents, and they are difficult to store effectively due to their inability to be easily squashed or bent by hand.

Industry Trends:

Technological Advancements: Integration of advanced manufacturing technologies, such as precision molding and coating techniques, is a key trend. This enhances the efficiency of tin container production, ensuring better quality and cost-effectiveness.
Digital Printing on Tin Containers: The adoption of digital printing technologies on tin containers is on the rise. This trend allows for intricate and high-quality designs, catering to the demand for visually appealing packaging in various industries.
Health and Safety Regulations Compliance: Compliance with evolving health and safety regulations, especially in the food and pharmaceutical sectors, is a prominent trend. Tin containers are preferred for their ability to meet stringent regulatory standards.
Global Supply Chain Challenges: The tin containers market is not immune to global supply chain challenges, including fluctuations in raw material prices and transportation disruptions. Adapting to and mitigating these challenges is crucial for sustained growth.
Eco-Friendly Coatings and Finishes: Growing emphasis on sustainable packaging solutions has led to the development of eco-friendly coatings and finishes for tin containers. Water-based coatings and bio-based finishes are gaining popularity as the industry aligns with environmental goals.

Key Companies Profiled

Colep Portugal S.A.
Ardagh Group S.A.
Aryum Aerosol Cans Ltd.
Ball Corporation
Jamestrong Packaging
Cerviflan Industrial E Comercial Ltda
Crown Holdings, Inc.
NCI Packaging

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Key Segments Profiled in the Tin Containers Industry Survey

By Product Type:

Built-up Containers
Shallow Drawn Containers

By Capacity:

<100 ml
100 ml to 500 ml
500 ml to 1000 ml
>1000 ml

By Application:

Paint Containers
Cone Top Containers
Mono Top Containers
Oblong/F-style Containers
Edible Oil Containers
Aerosol Containers
Others

By End Use:

Pharmaceuticals
Food & Beverages
Paint & Coatings
Chemicals
Others

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.

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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Cement Packaging Market Set to Reach US$ 488.4 Billion by 2032, Driven by Protective and Sustainable Solutions

The global cement packaging market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 3.9% during the forecast period 2022-2032. The market is expected to surge from US$ 344.5 billion in 2022 to reach a valuation of US$ 488.4 billion by 2032.

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Key Drivers Fueling Cement Packaging Industry Share:

Manufacturers rely on cement packaging to safeguard their products against moisture exposure, ensure shelf visibility, and enhance profitability. The transportation of cement across the supply chain often results in significant losses, necessitating efficient packaging solutions to minimize exposure to extreme climates.

Furthermore, the prevalence of duplicated and adulterated construction materials has prompted cement manufacturers to combat counterfeiting by incorporating sophisticated branding impressions on their packaging solutions. These factors are anticipated to drive sales of cement packaging solutions in the global industrial packaging market.

A notable trend in the market is the shift towards environmentally friendly solutions, with many manufacturers replacing plastic bags with paper bags featuring extended shelf life. Paper bags for cement packaging offer aesthetic appeal and printing convenience, often lined with PE for moisture protection.

Industry Trends in Cement Packaging:

Sustainable Packaging Practices: Growing emphasis on environmental sustainability is driving trends in eco-friendly and recyclable cement packaging solutions.
Innovations in Bag Designs: Packaging manufacturers are exploring innovative bag designs for cement, including moisture-resistant and durable options to improve product integrity.
Digital Printing for Branding: Adoption of digital printing technologies for vibrant and customized branding on cement bags, enhancing visual appeal and brand recognition.
Bulk Packaging Solutions: Increasing demand for bulk cement packaging to cater to construction projects, leading to the development of efficient and sturdy bulk packaging options.
Smart Packaging Technologies: Integration of smart packaging technologies for real-time tracking, monitoring, and quality control, ensuring the integrity of cement products throughout the supply chain.

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Growth Drivers in Cement Packaging:

Infrastructure Development Boom: Rapid infrastructure development worldwide, especially in emerging economies, is a key driver for increased demand in the cement packaging market.
Construction Industry Expansion: Growth in the construction industry, driven by urbanization and population growth, fuels the need for reliable and efficient cement packaging solutions.
Regulatory Standards Compliance: Stringent regulations and standards for packaging materials and practices in the construction industry are driving the adoption of compliant and high-quality cement packaging.
Global Increase in Cement Consumption: The rise in cement consumption globally, particularly in residential and commercial construction projects, contributes directly to the growth of the cement packaging market.
E-commerce Trends in Building Materials: Increasing adoption of e-commerce channels for the sale of construction materials, including cement, is boosting the demand for secure and reliable packaging solutions for online distribution.

Region with Highest Growth Potential:

The Asia Pacific and the Middle East & Africa regions hold significant growth potential for cement packaging solutions. In developing countries like India and China, polypropylene is the most popular material for cement packaging.

In China, large factories hand-sew cement bags using recycled materials, contributing to sustainable practices in cement packaging. As one of the leading manufacturers of cement globally, China’s influence shapes the dynamics of the cement packaging industry, driving robust demand in the Asia Pacific region.

Additionally, the Middle East and Africa have witnessed a surge in infrastructure development projects, fueling demand for construction materials like cement. The establishment of new cement plants and the revamping of existing ones in the region further stimulate demand for cement packaging solutions.

With the growing emphasis on infrastructure development and sustainability initiatives, the sales of cement packaging solutions are projected to witness significant growth in the Asia Pacific and the Middle East & Africa regions during the forecast period.

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Key Segmentation:

By Material:

Paper
Plastic
High-density Polyethylene (HDPE)
Polypropylene (PP)

By Product Type:

Sewn Open Mouth
Pinched Bottom Open Mouth
Valve Sacks
Open Mouth Sacks

By Capacity:

Up to 5 Kg
5-15 Kg
15-30 Kg
30 Kg and above

By Region:

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

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.

Contact Us:

Nandini Singh Sawlani

Pharmaceutical Unit Dose Packaging Market to Surge, Projected to Reach US$ 136 Billion by 2033 | FMI

The global pharmaceutical unit dose packaging market is poised for remarkable growth, with projections indicating a substantial valuation of US$ 34.2 billion in 2023, anticipated to soar to US$ 136 billion by 2033, boasting a significant Compound Annual Growth Rate (CAGR) of 14.8%.

Key Drivers Fueling Market Expansion:

Rapid Growth in the Pharmaceutical Sector: Technological advancements and scientific breakthroughs have fueled the rapid expansion of the pharmaceutical sector, driving demand for unit dose packaging solutions worldwide.
Reduction of Drug Wastage: With a growing emphasis on reducing medication wastage and its financial and environmental impacts, the adoption of unit dose packaging is becoming imperative, thereby stimulating market growth.
Introduction of New Injectable Parenteral Therapies: The introduction of new injectable parenteral therapies, coupled with increasing healthcare expenditure and access to better healthcare services, is expected to bolster market growth significantly.
Regulatory Reforms: Regulatory reforms such as the 21st Century Cures Act in the United States are expected to foster innovation in pharmaceutical product development, further propelling demand for unit dose packaging solutions.
E-commerce and Direct-to-Patient Services: The surge in e-commerce and direct-to-patient services amplifies the need for secure and tamper-evident unit dose packaging to maintain pharmaceutical product integrity during shipping and handling.

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Region-Wise Insights:

North America Dominates the Market: North America is anticipated to dominate the market, accounting for over 38.6% market share by the end of the forecast period. Factors such as advanced medical delivery systems, rising healthcare spending intensity, and a thriving pharmaceutical industry contribute to the region’s growth.

Strong Growth Outlook in China: China is expected to drive significant market growth with a substantial CAGR of 6.9% throughout the forecast period. Rising health awareness, increasing disposable income levels, government initiatives such as Healthy China 2020, and a growing aging population are key factors propelling market growth in the region.

The pharmaceutical unit dose packaging market is poised for substantial expansion globally, driven by evolving healthcare landscapes, regulatory reforms, and increasing emphasis on sustainability and efficiency in medication management.

Market Innovation:

In the pharmaceutical sector, innovation in unit dose packaging has become a pivotal driver of efficiency, safety, and patient compliance. The pharmaceutical unit dose packaging market is witnessing a transformative shift, characterized by advancements that cater to the evolving needs of both healthcare providers and patients. Novel technologies, such as blister packaging with smart features, ensure precise dosing, reducing the risk of medication errors and enhancing therapeutic outcomes.

Additionally, innovations in barrier materials contribute to extended product shelf life and preservation of drug efficacy. The integration of tamper-evident and child-resistant features enhances medication safety, aligning with stringent regulatory standards. Furthermore, the adoption of sustainable materials reflects a growing emphasis on environmental responsibility within the pharmaceutical packaging industry. As pharmaceutical companies strive to improve medication adherence and streamline dispensing processes, ongoing innovation in unit dose packaging is crucial for addressing the dynamic landscape of healthcare delivery and patient care.

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Industry Trends:

Advancements in Smart Packaging: Integration of smart technologies, such as RFID tags and NFC, in pharmaceutical unit dose packaging for enhanced traceability and patient engagement.
Sustainable Packaging Solutions: Increasing adoption of eco-friendly and recyclable materials in unit dose packaging, aligning with global sustainability trends and consumer preferences.
Child-Resistant Packaging: Growing emphasis on child-resistant packaging designs to enhance safety and compliance with regulatory requirements, particularly for pediatric medications.
Customization and Personalization: Rising trend in the customization of unit dose packaging to cater to specific dosage requirements, improving patient adherence and medication management.
Blister Packaging Dominance: A shift towards blister packaging for unit doses, driven by its effectiveness in protecting pharmaceuticals from moisture, light, and contamination, ensuring product integrity.

Key Takeaways

North America is expected to dominate the industry by accumulating over 38.6 % revenue share by end of the forecast period.
The market in India is projected to witness the fastest CAGR of 7.90% during the forecast period.
China is projected to exhibit a 6.90 % of CAGR in Pharmaceutical Unit Dose Packaging industry.
By packaging type, vials are projected to account for 35% market share by end of the forecast period.
By material type, Plastic is expected to lead the market by withholding 47.9 % of revenue share in 2023.

“A surge in demand for over-the-counter drugs will especially create a favorable ground for pharmaceutical packaging materials. In addition, increasing preference for single-dose packaging formats, and rapid expansion of e-Pharmacy will further propel growth in the market”- comments an FMI Analyst.

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Key Segments:

By Product:

Blisters
Ampoules
Vials
Prefilled Syringes & Cartridges

By Material:

Plastic

Polyethylene
Polypropylene
Polyvinyl Chloride
Polyethylene Terephthalate

By End Use:

Ophthalmic
Injectable
Biologics
Wound Care
Respiratory Therapy
Orals

By Region:

North America
Latin America
Europe
Asia Pacific
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 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

Centralized Workstation Market Soars: Global Valuation Surges to US$ 14,687.4 Million in 2022, Expected to Reach US$ 45,160.2 Million by 2032

The global centralized workstation market is currently valued at approximately US$ 14,687.4 Mn in 2022. The centralized workstation market is expected to grow at an 11.9% CAGR to reach US$ 45,160.2 Mn by 2032.

The global market for centralized workstations is expected to grow significantly in the coming years as organizations shift to the deployment of centralized workstations to effectively manage big data storage and High-Performance Computing (HPC) to solve significant problems in science, engineering, or business.

Furthermore, organizations are using the benefits of centralized workstations to enable virtual desktop infrastructure (VDI) and remote desktop management since the technology provides a variety of advantages, including increased security, lower support costs, and faster deployment.

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Key Takeaways

By type, the 1-to-many workstation segment is anticipated to account for the leading share in the global centralized workstation market and is estimated to grow at a robust CAGR of 12.5% through 2032.
By operating system, windows centralized workstations segment is anticipated to increase at highest CAGR of 10.5% between 2022 & 2032 and expected to witness largest market share of 56.6% in 2022.
Among regions, South Asia & Pacific centralized workstation market is estimated to register highest CAGR of 17.0% Moreover, North America region is set to show highest market value of US$ 4,638.6 Mn in 2022.
In Japan, sales are expected to increase at a CAGR of close 15.8% over the next ten years.

In MEA region, GCC countries are expected to witness significant growth of CAGR of 7.2% during 2022-2032.

“The rapid integration of augmented and virtual reality contributed towards transforming experiences of personal computing among users. The adoption of centralized computing across diverse verticals has increased over the years and it is expected to drive the global centralized workstations market,” says FMI analyst.

Efficient Upgrades with Little Network Interruptions and Lower Bandwidth Requirements to Shape Future Outlook

The centralization server’s capacity may be increased without disrupting the entire process system or individual workstation clients. The server houses all workstation software and programmers. This eliminates the need to upgrade individual workstations because the central system may be updated at the same time.

Furthermore, network system upgrades are significantly more efficient because every workstation user may benefit from the upgrade at the same time. Centralized workstations’ functions and apps are only unlocked when the need arises. As a result, the bandwidth is not overloaded with unnecessary data, lowering total bandwidth utilization and server expenses. Thus it is set to drive the global demand.

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Centralized Workstation Outlook by Category

By Type:

1-to-1 Workstations

Racked Desktop WS
1U WS
2U WS

1-to-Many Workstations

On-Premises (Server) WS
Cloud WS

By Operating System:

Windows Centralized Workstations
Linux Centralized Workstations
Unix Centralized Workstations
Others

By Enterprise Size:

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

By Application:

Healthcare
Education
Banking and Finance
Manufacturing
Media & Entertainment
Engineering & Design
Others

By Region:

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

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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.

Contact Us:

Nandini Singh Sawlani

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

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

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:

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

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.

Contact Us:

Nandini Singh Sawlani

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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Nandini Singh Sawlani