Market Research Blog – Page 3737 – New Product Development

A Pinch of Growth: Unveiling the Projected Trajectory of the Global Glass Spice Jars Market to US$ 8.4 Billion by 2033

The global glass spice jars market is on a trajectory to reach remarkable valuations, projected to amass a worth of US$ 5.2 billion by 2023 and poised to achieve a valuation of US$ 8.4 billion by 2033, showcasing a compelling Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period of 2023 to 2033. This anticipated growth follows a positive trend exhibited in the historical period of 2018 to 2022, with a CAGR of 3.9%.

One of the driving forces behind this trend is the rising consumer awareness regarding the environmental impact of their consumption choices. Glass spice jars, offering sustainable packaging, have gained prominence due to their recyclable and reusable nature, along with their minimal environmental footprint during production.

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Moreover, the necessity for maintaining the freshness and flavor of spices has contributed to the preference for glass containers. The non-porous structure of glass ensures an airtight seal, preventing air exposure that could deteriorate the spices’ nutritional essence. As a result, glass containers are a favored choice for preserving high-quality spices and enhancing their shelf life.

Growth Opportunities:

Customization and Personalization: Offering customizable and personalized glass spice jars for customers looking to add a personal touch to their kitchen décor.
Eco-Friendly Packaging: Capitalizing on the growing trend towards sustainability by introducing eco-friendly glass spice jars made from recycled materials or offering refillable options to reduce waste.
Online Sales Channels: Expanding online sales channels through e-commerce platforms and creating engaging digital marketing campaigns to reach a wider audience.
Innovative Designs: Introducing innovative and ergonomic designs for glass spice jars that enhance functionality, ease of use, and aesthetics, thus appealing to a broader consumer base.
Health and Wellness Focus: Leveraging the trend towards healthier eating habits and home cooking by promoting glass spice jars as a convenient way to store and organize organic and natural spices.

Upcoming Trends in the Glass Spice Jars Industry:

Smart Packaging Integration: Integrating smart packaging technologies such as QR codes or RFID tags on glass spice jars for enhanced traceability, product information, and interactive experiences for consumers.
Subscription Services: Offering subscription-based services for glass spice jars, where customers receive a curated selection of spices delivered to their doorstep regularly, promoting convenience and variety.
Premiumization: Catering to the premium segment of the market by offering high-end glass spice jars with luxury packaging, unique designs, and exclusive spice blends sourced from around the world.
Health and Safety Features: Incorporating health and safety features such as antimicrobial coatings or UV protection on glass spice jars to ensure the longevity and freshness of stored spices.
Cross-Industry Collaborations: Collaborating with culinary influencers, chefs, and lifestyle brands to create co-branded glass spice jars, recipe collections, and cooking tutorials, fostering brand visibility and consumer engagement across different industries.

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Regional Overview

Asia-pacific is leading the growth of the glass spice jars market as India is known as the land of spices and it is the hotbed for producing new and ancient, traditional spices in a large amount.

Also, the vast diversity of food items which include a variety of spices in their preparation is responsible for the growth of the glass spice jars market. The rising demand for the spices in European countries is leading the market of Europe region. The European demand for spices is growing due to healthy living, interest in new tastes, convenience.

Key Manufacturers

Alcan Packaging
Anchor Glass Container Corporation
Caraustar Industries Incorporated
Constar International Incorporated
Duy Tan Plastics Manufacturing Corporation
Evergreen Packaging LLC
Midland Manufacturing Company
Multi Packaging Solutions
Plastipak
Sonoco Products Company
Greif
KING YUAN FU
KaiZhen Metal

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

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

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Regional Analysis Includes

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

Market Segmentation:

Material Type :

Float glass
Toughened glass
Painted glass
Patterned glass
Solar control glass
Laminated glass

End-uses Type :

Institutional
Consumer or household

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Dairy Delights: Analyzing the Projections and Trends Driving the Yogurt Packaging Market to US$ 39.22 Billion by 2033

The global yogurt packaging market is poised to grow significantly, with an anticipated market value of US$ 24.58 billion in 2023, projected to reach US$ 39.22 billion by 2033, exhibiting a robust Compound Annual Growth Rate (CAGR) of 4.7%. Notably, the market witnessed a CAGR of 3.5% during the historical period of 2018 to 2022.

This growth is propelled by the higher adoption of packaged food products, particularly among the younger demographic, which is contributing to the expansion of yogurt packaging solutions. Additionally, the prevalence of health concerns and malnutrition is expanding the role of yogurt packaging materials. The significance of effective packaging to prevent contamination and adulteration is also expected to drive product demand. Given the perishable nature of dairy products like yogurt, appropriate packaging is essential for storage and transportation. The rising preference for small packaging due to its convenience is further stimulating market growth.

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Pouches and bottles are expected to experience healthy growth compared to yogurt packaging cups, owing to the increasing consumer preference for squeezable and drinkable yogurt formats. The popularity of yogurt as a convenient, healthy snack and meal supplement is boosting the demand for yogurt packaging. The utilization of value-added packaging products like multi-compartment cups, sustainable paper cups, and on-the-go-friendly pouches with fitments is projected to fuel product demand.

Furthermore, the shift towards using stand-up pouches instead of traditional tubs for larger yogurt volumes to reduce food waste and embrace lightweight packaging is driving the adoption of yogurt packaging solutions. The increased sales of single-serving yogurt multipacks, which require more packaging than individual products, will also contribute to the growing demand for these solutions.

Growth Opportunities:

Sustainable Packaging Solutions: Consumers are increasingly concerned about environmental issues. Offering eco-friendly packaging options such as biodegradable materials or recyclable containers can attract environmentally-conscious consumers and drive growth.
Convenient On-the-Go Packaging: With busy lifestyles, consumers seek convenient packaging options that allow them to consume yogurt on-the-go. Packaging formats like single-serve cups, pouches, or squeeze tubes cater to this demand and present growth opportunities.
Innovative Packaging Designs: Unique and innovative packaging designs can capture consumers’ attention and differentiate products in a competitive market. Incorporating features like resealable lids, ergonomic shapes, or interactive labels can enhance user experience and drive sales.
Customization and Personalization: Offering customizable packaging options where consumers can choose flavors, toppings, or add-ons can create a personalized experience. Brands can leverage technology to enable customization through online platforms or in-store kiosks, driving consumer engagement and loyalty.
Health-Conscious Packaging Claims: With growing health awareness, packaging that highlights nutritional benefits, organic certifications, or clean label claims can appeal to health-conscious consumers. Utilizing packaging to communicate product attributes and benefits can influence purchase decisions and foster brand trust.

Upcoming Trends in the Yogurt Packaging Industry:

Plant-Based Packaging Materials: As sustainability gains prominence, there is a growing interest in plant-based packaging materials derived from sources like corn, sugarcane, or algae. These materials offer biodegradability and reduced environmental impact compared to traditional plastics, aligning with consumer preferences for eco-friendly options.
Smart Packaging Technologies: Integration of smart packaging technologies such as QR codes, NFC tags, or RFID sensors enables brands to provide interactive experiences and gather real-time data on product usage and consumer behavior. Smart packaging solutions enhance supply chain visibility, improve product traceability, and facilitate personalized marketing initiatives.
Minimalist Packaging Design: Minimalist packaging design trends emphasize simplicity, clarity, and functionality. Clean aesthetics, reduced material usage, and concise messaging appeal to modern consumers seeking uncluttered and visually appealing packaging solutions. Minimalist designs also contribute to sustainability efforts by minimizing waste and excess packaging.
Emphasis on Recyclability and Circular Economy: With increasing regulatory pressure and consumer demand for sustainable practices, there is a shift towards recyclable packaging solutions and closed-loop recycling systems in the yogurt packaging industry. Brands are exploring innovative approaches to design packaging that is easily recyclable, reusable, or compostable, promoting a circular economy model and reducing environmental impact.
Interactive Packaging Experiences: Brands are leveraging augmented reality (AR) and immersive technologies to create interactive packaging experiences that engage consumers beyond the product itself. AR-enabled packaging allows consumers to access additional content, product information, or entertainment through their smartphones, enhancing brand storytelling and fostering consumer connections.

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Key Players

Chobani Global Holdings, LLC
Bakoma Sp. Z O.O.
Danone SA
Dana Dairy Group
Morinaga Nutritional Foods, Inc.
Valio Ltd.
Yofix Probiotics Ltd.
Adelphi Group of Companies
Tetra Laval International
BW Packaging Systems
Lindquist Machine Corporation
Sealed Air Corporation
Orion Packaging System and many more.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

Regional Analysis Includes

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

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Market Segmentation:

based on type of packaging:

Cups
Molding Cups
Pouches
Squeeze Pouches
Stand Up Pouches
Containers
Tetra Paks
Aluminum Containers
PET Jars and Bottles
Others
Opaque /non-opaque Plastics Bags
Bag in a box

based on type of yogurt:

Dairy
Vegan

based on sales medium:

B2B/Direct
B2C/Indirect
Hypermarket/Supermarket
Convenience Stores
Discount Stores
Specialty Stores
E-commerce, Online Retailers
Traditional Groceries
Others

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Forecasting the Future of Cryo Boxes: Analyzing Market Dynamics and Growth Factors Amidst Technological Advancements

The future growth of the Cryo Box market appears promising, propelled by several key factors. Foremost, the persistent advancements in biology and medical sciences continue to drive the demand for cryo boxes, as these containers are essential for preserving organic materials and biological samples at cold temperatures. Moreover, the expanding healthcare and biotechnology industries, coupled with government funding initiatives, contribute significantly to the market’s expansion. The global cryo box market is anticipated to witness a surge in demand due to the increasing need for sample preservation and transportation, particularly in diagnostic facilities and medical services.

The global cryo box market is on track to achieve significant growth, with its value projected to reach US$349.87 million in 2023 and forecasted to surge to US$714.2 million by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 7.39% for the period from 2023 to 2033. Notably, the market exhibited a commendable historical CAGR of 5.4% from 2018 to 2022.

Cryo boxes play a crucial role in preserving organic material samples by maintaining cold temperatures, which has become a key driver for their market expansion. The necessity of transporting biological samples has also emerged as a major growth catalyst, fueled by advancements in biological and medical sciences. This demand is further intensified by the lack of viable alternatives.

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The increasing demand for cryo boxes is influenced by various factors, including the rising focus on healthcare industry development and the need for reliable storage solutions. However, the market faces the challenge of high costs associated with these boxes, potentially limiting their broader adoption. Conversely, the expansion of diagnostic facilities, medical services, and biotechnological foundations, along with government support, has propelled cryo box demand, notably accelerated by the aftermath of the COVID-19 pandemic.

Growth Opportunities:

Biotechnology Advancements: The integration of cryo boxes in biotechnology applications, such as cell therapy and regenerative medicine, presents significant growth opportunities. The demand for cryo boxes to store biological samples at ultra-low temperatures is expected to rise.
Pharmaceutical Research: With increasing research in pharmaceuticals, the demand for cryo boxes for the storage of drug compounds, vaccines, and other sensitive pharmaceutical materials is expected to grow steadily.
Expanded Use in Medical Laboratories: Cryo boxes are increasingly being used in medical laboratories for storing clinical samples, tissues, and DNA samples. The expansion of medical research and diagnostics is likely to drive growth in this segment.
Biobanking Sector: Growth in the biobanking sector, particularly for the preservation of genetic material and tissue samples, is expected to fuel demand for cryo boxes. Biobanks play a crucial role in medical research and personalized medicine, creating opportunities for cryo box manufacturers.
Increased Adoption in Veterinary Medicine: Cryo boxes are finding applications in veterinary medicine for the storage of animal tissues, semen, and embryos. As veterinary research and biotechnology in animal health advance, the demand for cryo boxes tailored to veterinary applications is likely to increase.

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Upcoming Trends in the Cryo Box Industry:

Automation and Integration: The integration of automation technologies such as RFID tracking and inventory management systems into cryo boxes is expected to streamline sample tracking and enhance efficiency in laboratory workflows.
Development of Sustainable Materials: With growing environmental concerns, there is a trend towards the development of cryo boxes using sustainable materials and manufacturing processes. Manufacturers are exploring eco-friendly alternatives to traditional cryo box materials.
Customization and Modular Designs: Increasing demand for customization and modular designs to accommodate diverse sample types and storage requirements is anticipated. Cryo box manufacturers are expected to offer more customizable solutions to meet the specific needs of laboratories and research facilities.
Advancements in Insulation Technology: Continuous advancements in insulation technology are expected to improve the thermal performance of cryo boxes, enabling longer storage times and enhanced sample protection at ultra-low temperatures.
Integration of Smart Features: The integration of smart features such as temperature monitoring, remote access, and real-time alerts into cryo boxes is gaining traction. These features enable users to monitor sample conditions more effectively and mitigate the risk of sample loss or degradation.

Key Players

Cryostore
Heathrow Scientific
Tenak
Biologix Group Limited
Biocision
Deluxe Scientific Surgico Pvt Ltd
Bioline Technologies
Argos Technologies
Capp
Wildcat Wholesale LLC
Thermo Fisher Scientific
Accupet
Brandtech
Corning.
Drummond
Eppendorf

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Market Segmentation:

By End Use Industry,

Chemicals Industry
Healthcare Industry
Personal Care Industry

By Material type,

Polypropylene plastic
Polycarbonate
Laminated cardboard
Moisture repellent fiberboard

By Microtube holding capacity,

Less than 0.5 ml
0.6 to 1 ml
1.1 to 1.7 ml
1.8 to 2 ml
More than 2.1 ml

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 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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Quality, Flexibility, Sustainability: Digital Printing Packaging Emerges as Key Player Across Cosmetics, Pharmaceuticals, and Food & Beverage Industries

The future of the digital printing packaging market appears robust, driven by an evolving landscape that prioritizes efficiency, sustainability, and cost-effectiveness. Anticipated to be valued at US$30.7 billion by 2033, the market is set to capitalize on the growing demand for flexible packaging solutions. Digital printing offers superior efficiency and quality, surpassing conventional methods, and its low operating costs make it a compelling choice for various industries.

As sustainability becomes a focal point, digital printing’s capacity to use recycled resources, eliminate pre-press stages, and reduce waste positions it as a key player in eco-friendly practices. The ability to produce short print runs economically, coupled with advancements in inkjet and electrophotography technologies, solidifies digital printing’s status as a cost-effective and accessible method. With a reduced environmental impact, energy efficiency, and cost efficiency, the digital printing packaging market is poised for sustained growth, meeting the demands of an ever-evolving and conscientious consumer market.

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Packaging and printing help create the product’s identity to market the product effectively. Digital printing consists of graphics, texts, patterns, and other visual materials printed straight to the packaging materials like transfer films, papers, cardboard, and other materials. Several advantages of digital printing packaging, like its cost-effectiveness in creating small-and-medium-sized prints, boost its adoption in low-volume packaging.

Surging demand for personalized packaging solutions is dictating the forecast trends in the market. Digital printing facilitates easy and cost-saving packaging of products with distinct designs, materials, and products. Customization also helps companies improve their brand image, interact with their clients, and cater to shifting customer interests toward personalized products.

Several standards, like food safety and labeling regulations, drive the packaging industry. It can be hard to meet these standards for digital printing businesses as some printing inks and technologies may not serve certain requirements. This factor can restrict the use of digital printing in industries with stringent regulations.

Growth Opportunities in Digital Printing Packaging Industry:

Customization and Personalization: Digital printing allows for high levels of customization and personalization, catering to the growing demand for unique packaging solutions tailored to specific brands or consumer segments.
Short-Run Flexibility: The ability to efficiently handle short print runs enables packaging manufacturers to meet the rising demand for limited edition and seasonal packaging, reducing waste and inventory costs.
Variable Data Printing (VDP): Digital printing facilitates VDP, enabling the inclusion of variable information such as QR codes, barcodes, or personalized messages on each package, enhancing traceability and consumer engagement.
Rapid Prototyping and Time-to-Market: Digital printing accelerates the prototyping process, allowing brands to quickly test and iterate on packaging designs. This rapid turnaround contributes to faster time-to-market for new products.
Sustainable Printing Practices: With increased emphasis on sustainability, digital printing enables eco-friendly practices by minimizing setup waste, using water-based inks, and offering print-on-demand capabilities, reducing overall environmental impact.

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Innovation in Digital Printing Packaging Market:

Augmented Reality (AR) Integration: Innovative packaging solutions leverage AR technology, creating interactive and immersive experiences for consumers. AR-enabled packaging can provide additional product information, entertainment, or promotional content.
Smart Packaging: Integration of sensors and RFID technology into digital printing allows for the development of smart packaging. This innovation enables real-time tracking, temperature monitoring, and other functionalities to enhance supply chain visibility and product integrity.
3D Printing in Packaging: The integration of 3D printing technology into packaging design introduces novel textures, shapes, and structures. This innovation offers a unique and tactile experience for consumers, setting products apart on the shelf.
Ink and Substrate Advancements: Ongoing innovation in digital printing includes the development of specialized inks and substrates that enhance the durability, color vibrancy, and overall quality of printed packaging, meeting the diverse needs of various industries.
Cloud-Based Printing Solutions: The adoption of cloud-based printing solutions enables remote collaboration, file sharing, and efficient workflow management. This innovation enhances accessibility, scalability, and collaboration in the digital printing packaging industry.

Recent Developments in this Industry:

In April 2022, Huhtamaki launched a Push Tab blister lid, a first-to-market PET blister lidding composed of a single material, sans any metal, to serve the healthcare sector. Push Tab blister lid works on the present packaging portfolio without compromising the speed. Therefore, the invention is projected to offer sustainable packaging solutions for the robustly expanding healthcare sector.
AutajonGroup revealed in September 2022 that the Californian firm ZappPackaging entered its Packaging Division. The acquired company is expected to invigorate the parent company’s operations in the United States, particularly in California.
Mondi Plc. Introduced myMomdi.net, a web platform for excellent print and design to differentiate its uncoated fine paper (UFP) brands. It briefs the printing and design industry professionals regarding high-quality paper brands, paper recommendations, multimedia content, and local distributor contact information.
Avery Dennison Graphics Solutions declared its partnership with Siser North America to venture into the crafter/DIY market. Siser has over 40 years of experience in the consumer craft industry as a leader in heat-transfer vinyl and an expert in modification and personalization.

Competitive Landscape Profiling:

HP Inc.
Xeikon N.V.
Eastman Kodak Company
Landa Corporation Ltd.
Quad/Graphics Inc.
Tailored Label Products Inc.
Creative Labels Inc.
Reynders Label Printing
DS Smith Plc
Thimm Group
Traco Manufacturing Inc.
WS Packaging Group Inc.
Elanders
Colordruck Baiersbronn
Mondi Plc.

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Key Segment

By Print Technology Type:

Liquid Toner Electrophotography Printing
Nano-graphic Printing
Inkjet Technology
Others (Dye tonner)

By Product Type:

Labels
Flexible Packaging
- Films & Wrap
- Bags & Sacks
- Pouches & Sachets
Corrugated Packaging
Folding Cartons
Bottles & Jars
Metal Cans
Others

By End Use:

Food
Beverage
Alcoholic
Non-Alcoholic
Pharmaceutical
Personal care & cosmetics
Electronic comp.
Chemicals
Other (Automotive, etc)

Author

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

From Supermarkets to E-Commerce Giants: Protective Packaging Market Soars to US$47.8 Billion by 2034

The protective packaging market is witnessing substantial growth, projected to reach US$ 47.8 billion by 2034 from US$ 29.7 billion in 2024, with an anticipated CAGR of 4.70%. Various industries are driving this surge in demand. Retailers, both brick-and-mortar stores and online platforms, rely on protective packaging to ensure products reach consumers undamaged. In sectors like food and beverage, pharmaceuticals, and electronics, protective packaging plays a critical role in preserving product freshness, integrity, and safety during transit. Additionally, logistics and transportation companies heavily depend on protective packaging to safeguard goods during shipping and delivery.

However, the industry faces challenges, notably regarding sustainability. Growing concerns about environmental impact drive demand for eco-friendly alternatives. As businesses increasingly prioritize reducing carbon footprints, there’s a rising need for sustainable protective packaging solutions. Meeting this demand for sustainability while maintaining product efficacy presents both a challenge and an opportunity for the protective packaging market to innovate and adapt to evolving consumer and industry standards.

The pharmaceutical and healthcare sectors are likely to remain major contributors to market growth, relying on protective packaging for the safe transportation and storage of sensitive medical supplies. As industries across the board prioritize sustainability, the protective packaging market is poised to witness a shift towards greener alternatives, presenting both challenges and opportunities for manufacturers to align with global environmental goals while meeting the diverse needs of various sectors.

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Key Takeaways from the Protective Packaging Market

Plastic protective packaging solutions command a substantial market share of 52.10% in 2024, emerging as the predominant choice.
Protective packaging for void-filling secures a robust market lead, claiming a solid 26.60% market share in 2024.
The protective packaging market in India is predicted to grow at a remarkable CAGR of 6.10% through 2034.
The protective packaging market in China is predicted to rise at a stable 5.50% CAGR through 2034.
The protective packaging market in Thailand has the potential to increase at 5.00% CAGR through 2034.
The South Korean protective packaging market is predicted to rise by 4.30% CAGR through 2034.
The protective packaging market in the United Kingdom is predicted to grow at a CAGR of 4.00% through 2034.

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Business Growth Opportunities in Protective Packaging:

E-commerce Surge: The rapid growth of e-commerce and online retailing creates a significant demand for protective packaging solutions to ensure the safe transit of goods, presenting a substantial growth opportunity for the protective packaging market.
Sustainable Packaging: Increasing environmental awareness and regulations drive the demand for eco-friendly and sustainable packaging solutions. Companies offering protective packaging with a focus on sustainability are likely to see growth in market share.
Customization and Innovation: The need for customized and innovative protective packaging solutions, tailored to specific product requirements, opens avenues for companies to differentiate themselves in the market and meet diverse customer demands.
Global Supply Chain Complexity: As global supply chains become more complex, there is a growing need for advanced protective packaging solutions that can withstand the challenges of international transportation, providing an opportunity for market expansion.
Technological Advancements: Integration of smart packaging technologies, such as RFID tracking and IoT-enabled sensors, into protective packaging enhances supply chain visibility and product security, contributing to market growth.

Trends in the Protective Packaging Industry:

Rise of Circular Economy: The protective packaging industry is witnessing a shift towards a circular economy, emphasizing recycling, reuse, and reduction of waste. Companies adopting circular economy principles gain favor among environmentally conscious consumers.
Emphasis on Lightweight Materials: There is a trend towards using lightweight materials in protective packaging to reduce transportation costs and environmental impact. This shift aligns with the broader industry focus on sustainability.
Evolving Regulations: Increasing regulations related to packaging materials and waste management influence the industry. Compliance with evolving standards and regulations becomes a key trend, impacting packaging material choices and designs.
E-commerce Packaging Innovations: With the booming e-commerce sector, innovative protective packaging solutions designed specifically for online retail are emerging. These include easy-to-open designs, minimalistic packaging, and solutions to reduce package size.
Shift to Flexible Packaging: A growing preference for flexible packaging over traditional rigid materials is observed in the protective packaging market. Flexible packaging offers benefits such as reduced material usage, space efficiency, and adaptability to various product shapes and sizes.

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Key players Covered-

Sealed Air Corporation,
Crown Holdings Inc,
Sonoco Products Company,
Winpack Ltd,
Smurfit Kappa Group
DS Smith Plc
WestRock Company
Schur Flexibles Holding GesmbH
Greif
International Paper Company
Nefab Group
Cascades Inc

Author

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Empowering Retail and Consumer Goods: Insights Engine Market Surges with 19.7% CAGR

By 2027, the insights engine market is projected to be valued US$ 860 million, with a robust compound annual growth rate (CAGR) of 19.7%. An insights engine is a platform that employs relevance methods to find, arrange, and analyse data to allow the proactive or interactive delivery of current or synthesised knowledge.

Platforms for insights engines give organisations the capacity to engage with material and extract insights without changing it at the source, helping them to build an evidence-based knowledge of their customers’ demands.

According to Future Market Insights’ Insights Engine Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027), the market is expected to reach a value of around US$ 860 million by that year.

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Vertical – Focus on IT & Telecom and Retail & Consumer Goods in Insights Engine Market

The verticals to keep an eye out for in the insights engine market are IT & Telecom and Retail & Consumer Goods. Retail & Consumer good vendors are adopting insights engine platforms to gain an in-depth understanding of customer needs and predict search queries to improve result relevancy. Insights engine platforms are also being tested and implemented in various IT & Telecom companies to allow them to gauge customer usage patterns. It becomes possible to extract maximum customer revenue by way of insights engine platforms. The retail & consumer goods vertical is slightly larger than the IT & Telecom vertical at the end of the forecast period.

Component – Services Component to Grow Rapidly in Insights Engine Market

In 2017, the software component is roughly thrice the size of services in the insights engine market. Nonetheless, the services component is on track to witness an exponential CAGR of 20.6% from 2017 to 2027, making it a lucrative opportunity that cannot be ignored in the insights engine market. Almost all providers offer timely software updates to their insights engine platforms as it is absolutely critical. However, the update occasionally raises compatibility issues with legacy systems that the client may be using. The issues are typically related to customization and functionality and could constraint growth of the insights engine market.

Deployment – SaaS Tails On-Premise Deployment in Insights Engine Market

On-premise deployment is considerably larger than SaaS deployment segment in the insights engine market and is likely to retain its pole position through the next decade. The on-premise deployment segment is poised to have a value of just under half a billion in the insights engine market by end 2027. The market attractiveness index of the on-premise deployment segment is 5.0 and companies would be advised to focus their attention on this highly lucrative segment in the insights engine market.

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Region – North America Highly Influential in the Insights Engine Market

In 2017, North America had the largest contribution. Furthermore, it is projected to gain a massive 610 BPS by the end of the forecast, outpacing all other regions in the global market. This growth can be attributed to North American enterprises actively seeking to harness the potential of machine learning and AI capabilities. Consequently, they aim to enhance various aspects of their operations, such as customer feedback, sales support, and marketing activities. In response, companies in the market have adjusted their strategies, offering their products at a highly competitive price to cater to this demand. As a result, businesses there can opt for updated search solutions, effectively growing the overall market.

Competition Dashboard in the Insights Engine Market

The report profiles several companies, including Funnelback, IntraFind Inc., Coveo Solutions Inc., Sinequa, Microsoft Corporation, Attivio, Mindbreeze GmbH, Dassault Systèmes, Smartlogic, IBM Corporation, Microfocus, Lucidworks, Expert System, IHS Markit Ltd, and Market Logic.

Takeaways

To enhance their business prospects in North America, insights engine platform vendors would do well to engage in agreements with small and medium-scale enterprises. Given that online shopping is on the verge of a boom, insights engine platforms could strategically form partnerships with cloud service providers and subsequently introduce innovative solutions.

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Market Taxonomy

Vertical:

IT and Telecom
BFSI
Retail and Consumer Goods
Healthcare & Life Sciences
Manufacturing
Media & Entertainment
Transportation & Logistics
Travel & Hospitality
Others

Component:

Software
Services

Deployment:

On-premise
SaaS

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
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 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

Global Food Preservation Equipment Market Projected to Reach US$ 78.15 Billion by 2033, Driven by Strong 6.2% CAGR

According to Future Market Insights, the global food preservation equipment market is poised for significant growth, aiming to achieve a notable valuation of US$ 78.15 billion by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 6.2%. This projection builds upon the market’s projected value of US$ 43.1 billion in 2022, reflecting a trajectory of remarkable expansion.

The escalating demand for food preservation equipment stems from various factors, with a primary driver being the global commitment to mitigate food wastage. In light of a growing population and depleting resources, heightened awareness prevails regarding the need to optimize food resource utilization. Food preservation equipment plays a pivotal role in extending the shelf life of various food products, contributing significantly to addressing the challenges of a dynamically evolving global food landscape.

The market’s trajectory underscores the industry’s recognition of the critical role played by food preservation equipment in enhancing food security and sustainability. As such, stakeholders can anticipate significant opportunities in catering to the increasing demand for advanced preservation solutions in the global food industry.

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Catalysts and Lucrative Avenues: Exploring the Food Preservation Equipment Market

In recent times, surging health consciousness and evolving lifestyles have given rise to heightened demand for protein-rich diets like meat and poultry, particularly in countries such as the United States, China, India, and the United Kingdom. This trend is driving the utilization of food preservation equipment across both industrial and domestic settings.

Simultaneously, the development of innovative food preservation equipment, bolstered by enhanced features and favorable governmental support, is poised to open lucrative vistas for manufacturers in the forecast period.

The escalating incidence of foodborne illnesses is another factor expected to positively impact the food preservation equipment market throughout the assessment period.

Key Insights from the Food Preservation Equipment Market Analysis:

The forecast period spanning 2023 to 2033 is expected to witness the food preservation equipment market surge at a robust CAGR of 6.2%.
In terms of product type, refrigerators hold a substantial share within the global food processing equipment industry.
Within the end-user spectrum, the poultry industry is projected to exhibit healthy growth over the coming decade.
The food preservation equipment market in North America currently holds a valuation of approximately $12.8 billion.
The United States’ food preservation equipment market is estimated to be valued at around $8.2 billion.
In India, food preservation equipment sales are poised to witness robust growth throughout the forecast period.

According to a leading analyst at FMI, “Escalating global food insecurity and robust growth in pivotal end-use sectors like poultry, seafood, and dairy are the primary factors fueling the demand for food preservation equipment.”

Leaders in the Arena:

Prominent manufacturers in the food preservation equipment sector encompass Alfa Laval, Wild Goose Canning Systems, Enterprise Tondelli, Vigo Ltd., Dixie Canner Co., Cask Brewing Systems Inc., Palmer-Tech Services, Inc., HOR YANG Machinery, Alpha Brewing Operations, Pneumatic Scale Angelus, Blenzor, Elecster Oyj, and Shanghai Triowin Intelligent Machinery.

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Get Valuable Insights into Food Preservation Equipment Market:

FMI, in its new offering, provides an unbiased analysis of the Food Preservation Equipment market presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for Food Preservation Equipment segmented as below:

By Product Type:

Pasteurizer
- High-Temperature short time pasteurizer
- Higher heat shorter time
- Ultra high temperature
- Ultra Pasteurized
Refrigerators
- Visi Coolers
- Walk-in Refrigerators
- Freezer
- Confectionery Cabinets
Fermenting Equipment
Canning Equipment
- Automatic
- Semi-automatic
- Manual
Irradiation Equipment

By End User:

Poultry Industry
Seafood Industry
Beverage Industry
Snacks Industry
Dairy Products Industry
Health Foods Industry (Whey protein etc.)
Bakery Industry

By Region:

North America
Latin America
Europe
Asia Pacific
Oceania
Middle East and Africa

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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

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Global Wire Livestock Panels Market Set to Reach US$ 4.58 Billion by 2033, Driven by Strong 7.1% CAGR

The wire livestock panels market is poised for significant growth, targeting a substantial valuation of US$ 4.58 billion by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 7.1%. This projection builds upon the market’s achievement of US$ 2.31 billion in 2023, indicating a noteworthy milestone in its ongoing expansion.

The versatility of these panels is increasingly favored within the agricultural landscape, particularly for fencing solutions on farms and ranches. Farmers and ranchers are progressively adopting wire livestock panels due to their efficacy in containing and segregating various livestock, contributing to well-organized and manageable herds while ensuring the safety and well-being of the animals.

The market’s growth underscores the industry’s recognition of the pivotal role played by wire livestock panels in modern agricultural practices, reflecting a trajectory of sustained demand and expansion. As such, stakeholders can anticipate significant opportunities in the evolving landscape of agricultural infrastructure and livestock management.

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During the forecast period, the market is expected to expand due to increasing agricultural projects and the need to protect it from animals. The perimeter of the area is fenced off with wire panels, which is ideal for long-term use. These panels hold the animals much more securely and are ideal for long-term usage. Farmers are concentrating more on constructing various wire panels to minimize the destruction of livestock to reduce natural catastrophes.

Increasing demand for wire fencing in livestock farming, improved infrastructure, and rising public concern for animal welfare are a few more primary reasons driving the market growth globally. The growing desire for effective and sustainable methods of animal husbandry is another factor driving the wire livestock panels market.

Key Product Types Driving Growth in the Wire Livestock Panels Market:

Elevating Animal Containment: The Advantages of 8 Foot Wire Livestock Panels

In the dynamic landscape of the wire livestock panels market, the prominence of 8 foot wire livestock panels has notably surged, emerging as a preferred choice for farmers and ranchers. This preference can be attributed to a series of distinct advantages:

Enhanced Mobility and Handling:

8 foot wire livestock panels are favored for their inherent ease of handling and transportability. This attribute is particularly advantageous for smaller-scale agricultural operations where mobility plays a pivotal role in operational efficiency.

Versatility for Customized Solutions:

These panels offer a higher degree of versatility, empowering farmers to craft customized containment solutions tailored to their specific needs. This adaptability is invaluable in optimizing the functionality of the panels.

Durability and Low Maintenance:

Farmers appreciate the durability of 8 foot wire livestock panels, coupled with their minimal maintenance requirements. These qualities make them a cost-effective choice for prolonged use, aligning with long-term sustainability objectives.

Cost Efficiency:

Comparatively more cost-effective than their 16 foot counterparts, 8 foot wire livestock panels present an economically attractive option for farmers and ranchers seeking prudent investment choices.

Efficiency in Pasture and Pen Enclosure:

The adoption of 8 foot panels is further accelerated by their capacity to cover larger areas, significantly enhancing the efficiency of pasture or pen enclosure. Their ease of installation and transportation further bolsters their appeal. Moreover, the widespread availability of 8 foot wire livestock panels at agricultural supply stores contributes to their convenience, fostering increased adoption among farmers and ranchers looking for practical and accessible solutions in the wire livestock panels market.

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Key Players:

Rizhao Borhaf Metal Products Co., Ltd.
CK Manufacturing
Hebei Metal Products Co., Ltd
WW Manufacturing
Qingdao Hailite Machinery Co.,Ltd.
Allen Gate & Panel
Hutchison
Behlen Country

Market Segmentation:

By Panel Length:

8 Foot
16 Foot

By Application:

Ranches
Private Farms

By Sales Channel:

Direct Sales
Retail Sales

By Region:

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

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Author:

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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 Forecasts Thickness Planers Market to Reach US$ 3.2 Billion by 2033, Fueled by Steady 5.4% CAGR

The thickness planers market projects a noteworthy valuation of US$ 3.2 billion by 2033, driven by a steady Compound Annual Growth Rate (CAGR) of 5.4%. This projection builds upon the industry’s milestone achievement of US$ 1.9 billion in 2023, indicating sustained and substantial expansion rather than fleeting success.

The enduring reliance of the industry on these versatile woodworking tools underscores a trajectory characterized by consistent growth. Looking ahead, the construction industry is expected to be a major driver, fostering extraordinary demand and propelling the thickness planers market to impressive heights by 2033.

Stakeholders stand to benefit from a market characterized by consistent expansion and evolving opportunities in the woodworking and construction domains. This noteworthy surge serves as affirmation of the pivotal role played by thickness planers within these sectors, promising a future marked by innovation, precision, and excellence.

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Thickness planers are now commonplace in homes and woodworking shops for quickly creating parallel surfaces and adjusting the thickness of finished boards. These machines trim wood more precisely and accurately. The increasing use of thickness planers by woodworkers and DIY enthusiasts for flattening and trimming wooden boards to the desired thickness is providing a significant benefit. Furthermore, innovation in thickness planers technology, size, and design plays a significant role in growing the thickness planers market. Initially, thickness planers were large industrial machines that were expensive and difficult to use in a home setting. This prompted manufacturers to release portable thickness planers in small sizes.

Furthermore, the increasing use of thickness planers for other woodworking tasks such as chamfering, jointing wide boards, and creating tapers will boost their sales in the future.

Key Takeaways:

Projected Growth: The thickness planers market is expected to experience significant growth from 2023 to 2033.
Rising Adoption: The increasing adoption of thickness planers by woodworkers and DIY enthusiasts worldwide is driving market expansion.
Function and Purpose: Thickness planers are woodworking machines used to achieve consistent thickness throughout the length of wood boards. They are employed to make rough wooden surfaces flat, smooth, and reduce their thickness.
Technological Advancements: Traditional manual labor for adjusting wood board thickness and surface smoothness has been replaced by advanced technology like thickness planers. These tools have improved efficiency, reduced labor costs, and saved time.
Precision and Accuracy: Modern thickness planers offer better precision and accuracy in creating parallel surfaces and adjusting board thickness. They have become standard tools in both home and industrial settings.
Innovation and Portability: The market has seen innovation in thickness planer technology, size, and design. Manufacturers have introduced portable and compact thickness planers, expanding their use beyond large industrial settings.
Diverse Applications: Thickness planers are now used for various woodworking tasks, including machining chamfers, jointing wide boards, and creating tapers, which contributes to their increasing popularity and sales.

Market Competition:

Some of the key participants present in the global thickness planers market include Black & Decker Inc. (DeWalt), POWERTEC, WEN Products, Delta Power Equipment Corporation, Makita Corporation, Grizzly Industrial Inc., King Canada, Portable-Cable Corporation, General International and Cutech Tool LLC.

These leading market players are constantly upgrading their products portfolios to increase their customer base. They are using various strategies such as price reduction, development of compact products, move towards online platforms and partnerships with domestic players to expand their global footprint.

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Key Segments Covered:

By Type:

Handheld
Bench-Top
Heavy Duty

By Input Width:

Less than 15 Inches
More than 15 Inches

By End User:

Personal
Commercial
Industrial

By Region:

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

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Author:

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

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

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

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 Forecasts Global Steel Pipe Market to Surge to US$ 143.50 Billion by 2033, Sustaining a Consistent 3.9% CAGR

The global steel pipe market is poised for significant growth, with a projected valuation of US$ 143.50 billion by the year 2033, sustaining a consistent Compound Annual Growth Rate (CAGR) of 3.9%. This forecast builds upon the industry’s momentum, with an anticipated valuation of US$ 97.88 billion in 2023.

The study underscores the resilience and indispensable role of the steel pipe sector within the broader global steel industry. Market performance is intricately linked to global economic dynamics, with factors such as economic stability, growth, and trade activities exerting considerable influence on demand.

Stakeholders can anticipate a sustained and robust growth trajectory, propelled by the essential role of steel pipes in meeting the demands of burgeoning construction and infrastructure development initiatives on a global scale.

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Diverse Applications of Steel Pipes in Various Industries:

Steel pipes serve a multitude of purposes across a wide range of industries due to their distinct material properties.

Industrial Utility: Carbon Steel Pipes for Extremes

Carbon steel pipes find their primary utility in industrial processes that entail extreme temperature variations – from intense cold to high heat. They are also commonly used for transporting gases, including steam, owing to their robustness and resilience.

Stainless Steel’s Shield: Corrosion Prevention and Beyond

Stainless steel emerges as a highly sought-after material due to its exceptional ability to resist oxidation and corrosion. This quality positions it as a versatile material with widespread use across various applications in modern times.

Structural Steel Pipes in Construction

Structural steel pipes constitute another significant category, finding extensive application within the construction industry. Their strength and durability make them indispensable components in constructing sturdy and reliable structures.

Fluid Dynamics and Closed Loop Applications

Steel pipes play a pivotal role in applications involving the controlled flow of fluids within closed-loop systems. Their dependable construction ensures efficient and reliable fluid conveyance across diverse settings.

In essence, the versatility of steel pipes enables their integration into a plethora of contexts, facilitating smooth industrial operations and contributing to robust infrastructural development.

Driving Forces behind the Global Steel Pipe Market:

The rapid expansion of the oil and gas sector has propelled a surge in the demand for steel pipes. Attributes like dependability and robustness prominently fuel the worldwide requisition for steel pipes. These pipes find extensive utility across diverse sectors including automotive, mining, and construction, thereby stimulating the growth of the steel pipe manufacturing industry. The broad spectrum of available steel pipes emerges as a pivotal factor in outpacing the demand across residential and non-residential sectors. Moreover, the global demand for steel pipes is further heightened by the necessity to replace aging pipelines.

Challenges in the Global Steel Pipe Market:

The market’s growth trajectory faces impediments such as the allure of substitutes like iron and plastic pipes, diverting manufacturers towards alternative materials. The corrosive tendencies of carbon steel pipes pose a restraining factor, while the elevated cost associated with stainless steel also casts a shadow over the expansion of the worldwide steel pipe market.

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Market Participants:

Examples of some of the participants of the global steel pipe market are:

Arcelor Mittal
American Cast Iron Pipe Company
Baosteel Group corporation
Evraz Plcevraz plc
Anhui Tianda Oil Pipe Company Limited
Hyundai Steel Company
JFE Holdings Corporation
Zekelman Industries
Arabian Pipes Company
Nippon steel & sumitomo metal corporation
TMK Group
United States Steel
VALLOUREC
Steel Authority of India (SAIL)
Tata Iron and Steel,
Jindal Vijaynagar Steel (JVSL),
Essar Steel and Ispat Industries

Key Segments in the Steel Pipe Market:

By Material Type:

Carbon Steel
Alloy Steel
Stainless Steel
Tool Steel

By Application:

Automotive industry
Construction and mining
Textile Machinery
Chemicals
Pharmaceuticals
Energy industries
Refinery Petrochemicals
Oil and Gas Processing
Water treatment facilities

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Author:

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

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