Market Research Blog – Page 3800 – New Product Development

Greece Tourism Market Sets Sights on US$ 548.0 Million by 2032, Propelled by 7.5% CAGR | FMI

The global Greece tourism market is expected to generate a revenue of US$ 548.0 million by 2032, scaling up from US$ 265.9 million in 2022. The target market is set to record a healthy CAGR of 7.5% from 2022 to 2032. Factors such as an elevated number of travelers to Greece in 2022- around 8 million in the first half of the year- account for the thriving tourism industry in Greece.

The country’s popularity as a global heritage site, rich culture, and magnificent views further aid the growth of the Greece tourism market during the forecast period.

Greece, popular for its green valleys and lush forests, is a famous tourist destination. Apart from the magnificent view, the country is also famous as a heritage site and for its rich culture. Greece also has excellent nightlife and all of these considerations, along with its beautiful mountains and exotic beaches, attract travelers from all over the world.

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Greek tourism, thus, caters to both: those who want to experience a quiet time on the beaches and those who want to enjoy an active party lifestyle. Many tourists also want to experience the feel of an exotic European location. These attributes strive to create a thriving environment for tourism in Greece.

The country’s cultural and traditional aspect also contributes to a prosperous tourism market. Its cultural richness is displayed through its rural environment and its uniqueness also entices travelers. Moreover, its rich history is quite appealing to historians, associated enthusiasts, and amateurs. The recent development of different sectors of Greece’s economy also bolsters its tourism revenue and is anticipated to continue this trend. Further, the diverse delicacies and cuisines in the country attract a significant number of culinary aficionados.

Beginning with the popular Moussaka to traditional meatballs, the culinary specialties of Greece also present its culture and local cuisines in a very appealing manner to tourists from all over the world. Additionally, other tourism activities like medical tourism, destination tourism, religious tourism, ecotourism, and others continue to attract huge amounts of tourists to the country. All of these factors will stimulate the Greece tourism market during the forecast period.

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Key Takeaways:

Rich history supported by young enthusiasts is expected to spur the demand for the Greece tourism market during the assessment period.
A dearth of tourism infrastructure may hamper the growth prospects for Greece’s tourism market.
In terms of age group, the 36 to 45 category will likely account for a considerable share of 29.5% of Greece tourism.
Based on tour type, independent travelers will hold about 30.8% share in Greece tourism as a result of greater penetration of the internet and advancements in technology.
Online booking channels will also make a substantial contribution to the overall market growth as it is convenient and expedite the booking process.

Competitive Landscape

Leading market players are focusing on employing strategies that will assist with attracting particular demographic consumers. A few of these market participants offer discounts on tour packages and in-advance reservations. These businesses also employ various growth strategies to retain a competitive edge.

More Insights into Greece Tourism Market

In its latest report, FMI offers an unbiased analysis of the global Greece tourism market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of age (under 18, 18 to 25, 26 to 35, 36 to 45, 46 to 55, over 55), visit purpose (business and professional, leisure, recreation, and holidays, healthcare, religious travel, others), demographic (male, female, kid), nationality (domestic, international), tour type (corporate, family, couples, youth groups, single tourists), tourism type (religious tourism, cultural/ heritage tourism, medical tourism, others) and region.

According to the latest FMI reports, based on segmentation, the 36 to 45 age group is anticipated to dominate the global marketplace. With a market share of 29.5%, this segment comprises primarily of the working-class population and has the ability to take foreign tours. The 36 to 45 age group will be closely followed by the 46 to 55 segment. In terms of tour type, single tourists or young couples with access to the internet and advancing technology will lead the market growth.

In short, the popularity of Greece as a historically rich, heritage site with diverse cuisine and beautiful vistas will propel the Greece tourism market forward during the forecast period.

Greece Tourism Market by Category

By Age:

Under 18
18-25
26-35
36-45
46-55
Over 55

By Visit Purpose:

Business & Professional
Leisure, Recreation & Holidays
Healthcare
Religious Travel
Other

By Demographic:

Male
Female
Kid

By Nationality:

Domestic
International

By Tour Type:

Corporate
Family
Couples
Youth Groups
Single Tourists

By Tourism Type:

Religious Tourism
Cultural/Heritage Tourism
Medical Tourism
Others

About Future Market Insights (FMI)

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

Contact Us:

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Dispensing Jug Market Growth: Industry Projected 6.1 % CAGR by 2031

A dispensing jug is a versatile container designed for accurately pouring and dispensing liquids such as beverages, sauces, oils, and cleaning solutions. It typically features a handle for easy grip and control, along with a spout or nozzle for precise pouring without spills or drips.

The global dispensing jug market is poised for substantial growth, with projections indicating a robust Compound Annual Growth Rate (CAGR) of approximately 6.1% throughout the assessment period. According to a recent forecast by FMI, revenues in the dispensing jug market are expected to nearly double between 2021 and 2031. Notably, the demand for dispensing jugs is anticipated to accelerate, with the top five providers projected to hold a significant portion, accounting for 10-15% of the global market share in 2021.

Several factors are driving the demand for dispensing jugs, including their easy usage, portability, straightforward installation process, and low maintenance costs. These features make dispensing jugs highly attractive to consumers seeking convenient solutions for dispensing liquids such as water, beverages, and cleaning agents.

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Growth Factors

The escalating demand for clean and safe water storage solutions, aimed at fostering a healthier environment for the populace, is poised to drive the future growth of the dispensing jug market. Key advantages such as portability and ease of cleaning position dispensing jugs as preferred choices for consumers seeking reliable and hygienic liquid storage options.

Furthermore, the imperative for cleaner water storage is underscored by the proliferation of microbial growth in conventional water storage systems. This has spurred a heightened requirement for storage products that offer enhanced cleanliness and safety features. In response to this demand, international companies are increasingly entering the market with technologically advanced dispensing jug products, poised to further fuel market growth.

The convergence of these factors highlights the critical role of dispensing jugs in meeting the evolving needs of consumers for clean and safe water storage solutions. As awareness of water hygiene and safety continues to grow, coupled with advancements in product technology and market penetration by international players, the dispensing jug market is anticipated to witness sustained expansion and increased adoption in the foreseeable future.

Market Drivers

Growing Awareness of Hygiene and Safety: Increasing awareness of hygiene and safety standards, particularly regarding water storage and handling, is a significant driver of the dispensing jug market. Consumers prioritize products that offer clean and safe storage solutions, driving demand for dispensing jugs equipped with features such as anti-microbial coatings and leak-proof seals.
Rising Concerns About Water Contamination: Concerns about water contamination, including microbial growth and chemical pollutants, are driving demand for reliable water storage options. Dispensing jugs provide a hygienic and controlled environment for storing and dispensing water, reducing the risk of contamination and ensuring the safety of the stored liquid.
Demand for Convenient Water Dispensing Solutions: The need for convenient and accessible water dispensing solutions, particularly in residential and commercial settings, is fueling the demand for dispensing jugs. These jugs offer portability and ease of use, allowing users to access clean drinking water without the need for complex installation or maintenance procedures.
Technological Advancements in Product Design: Advances in product design and manufacturing technologies have led to the development of dispensing jugs with enhanced features and functionalities. These include ergonomic handles, spill-proof spouts, and integrated filtration systems, which improve user experience and drive market demand.

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Key Players

Global Players:

Whirlpool Corp
Clover Co. Ltd.
Oasis International Inc.
Glacial Home,
Ellsworth Adhesives,
Tamco Industries,
MJS Packaging,
Illing Packaging,
Oil Rite Corporation,
Fillmore Container Inc.,
Vistamation Inc.

APAC Players:

Y.S. Plastic Co,
Harsh PET Industries,
Aarav Industries,
Ningbo JingxiLife Electric Appliance Co.,
Varicraft Co. Ltd.,
Zibo Wewin International Trade Co. Ltd.,
Tianjin Technology Development Ltd.,
Xiamen Yoyo Ceramic Trading Co. Ltd.

Key Segments

By Material Type:

Glass
Plastic
Steel
Others

By Product Type:

Top Load
Wall Mounted
Others

By Capacity:

Less than 5 liters
5 – 15 liters
15 – 30 liters
30 – 50 liters
More than 50 liters

By End Use:

Residential
Commercial
- Office
- Restaurant
- Institutional
- Others

By Region:

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

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

UAE Sustainable Tourism Market Set to Reach US$ 164.62 Million by 2033 | FMI

From 2023 to 2033, the size of the sustainable tourism market in the United Arab Emirates is expected to rise rapidly. As per the study report released by Future Market Insights, it is anticipated that the global market will surpass a valuation of US$ 40.34 million by 2023. By 2033, it is projected to reach a valuation of US$ 164.62 million. From 2023 to 2033, the market is anticipated to grow at a startling 15.10% CAGR.

The UAE is adopting new digital technologies and innovations to improve tourism sustainability. This involves deploying intelligent technologies for energy management, mobile apps for useful tourist information, and online communities promoting ethical tourism practices.

To lessen the carbon footprint of tourism, the UAE is investing in environmentally friendly transportation infrastructure. Improved public transit systems, the establishment of electric vehicle charging stations, and the promotion of biking and walking routes in tourist regions are a few instances of this.

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To boost tourism, the UAE has made significant investments in the construction of sustainable infrastructure. This involves building eco-friendly accommodations, getaways, and tourist destinations emphasizing water conservation, waste management, and energy efficiency.

The UAE places a high value on maintaining its extensive cultural legacy. To ensure the preservation and respect of regional traditions and customs, tourism initiatives strongly emphasize fostering sustainable cultural tourism, which includes visiting historical sites, museums, and traditional arts and crafts.

The UAE cooperates with global institutions, trade groups, and stakeholders to share best practices and advance environmentally friendly traveling. This includes collaborations with groups like the Global Sustainable Tourism Council (GSTC) and the United Nations World Tourism Organization (UNWTO). The UAE supports cooperation between the public and commercial sectors to promote sustainable tourism.

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The development and implementation of sustainable tourism plans, policies, and initiatives are made possible through partnerships between government organizations, tourism boards, and private firms. These collaborations are predicted to propel market growth significantly.

Key Takeaways from UAE Sustainable Tourism Market Report:

The UAE sustainable tourism industry’s size developed at a CAGR of 14.20% from 2018 to 2022.
In 2018, the global market size stood at US$ 20.34 million.
The market size stood at US$ 34.6 million in 2022.
In 2022, the green tourism segment captured 32.80% shares in the market.
In 2022, the online booking segment captured a 37.90% market share.

Recent Developments Observed by FMI:

Dubai Sustainable Tourism (DST), a section of Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), seeks to establish Dubai as one of the top tourist destinations in the world for sustainable travel by launching the ‘Get into the Green Scene’ campaign in May 2021. The initiative aims to inform residents and visitors about Dubai’s eco-attractions and underline how easy it is to adopt eco-friendly practices into everyday routines.
In Dubai’s tourism and hospitality sector, Platinum Heritage Dubai was given the distinction of Renewable Energy Leader.
The UAE is seeking to reinforce its dominant position as a worldwide center for the research and development of renewable energy sources and to grow and improve its plethora of resources and expertise in the world’s energy markets.

Key Players in the Market

Platinum Heritage Dubai
Frommer’s
Dubai Sustainable Tourism (DST)
Arabian Adventures
WorldStrides
Pickyourtrail
Travel Triangle
Thomas Cook
Akbar Travels
TravTalk Middle East
MALDA TRAVEL & TOURISM
UNWTO
Surprise Tourism
FAMILY TRAVEL IN THE MIDDLE EAST

UAE Sustainable Tourism Market Segmentation

By Type:

Eco-Tourism
Green Tourism
Soft Tourism
Community Tourism

By Booking Channel:

Phone Booking
Online Booking
In-person Booking

By Tourism Type:

Domestic
International

By Tourist Type:

Independent Traveller
Tour Group
Package Traveller

By Consumer Orientation:

Men
Women

By Age Group:

15 to 25 Years
26 to 35 Years
36 to 35 Years
46 to 55 Years
66 to 75 Years

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
LinkedIn| Twitter| Blogs | YouTube

Adventure Tourism Market Trends Point to a Staggering US$ 1,491.5 Billion Market by 2033 | FMI

The market for adventure tourism was estimated to be worth US$ 292 billion globally in 2022. By 2033, it is expected to have grown at a compound annual growth rate (CAGR) of 16.2% to US$ 1,491.5 billion. The market’s growth may be aided by the rising appeal of adventure travel and reasonably priced flights.

Worldwide travel businesses have introduced quick, responsive websites that are easy to use on smartphones. Reviews from other users, video 360-degree tours, and a straightforward pricing comparison are some of the services offered here. It aids travelers in developing a better understanding of the advantages, destinations, and sights they prefer to visit.

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This has increased consumer interest in booking and organizing vacations online, which, in turn, forecasts profits for the adventure tourism sector as a whole. Growing internet usage helps people and travel agencies choose, acquire, and provide the best vacation spots at reasonable costs.

The market for adventure tourism is driven by a rise in demand for unique and authentic travel experiences. Social media, accelerated urbanization, rising disposable income, as well as low-ticket pricing, significantly influence this. The major participants in the industry collaborate with marketing companies to boost interest in adventure travel around the globe through Internet advertising, giving them access to high-value clients. Government organizations in a number of nations are also encouraging adventure tourism since it creates job possibilities and aids in local development. Adventure tourism is anticipated to grow in popularity globally.

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Key Takeaways from the Market Study

Sales increased significantly between 2018 and 2022, with a CAGR of 11.1%.
In 2022, it was predicted that the soft adventure sector would hold 62.5% of the overall adventure tourism industry.
In 2022, the direct booking method had a 65% revenue share, accounting for the greatest revenue share.
In 2022, it was predicted that the Asia Pacific would account for 30.5% of the global market for adventure travel.
The market for adventure travel in Europe was projected to have 35.5% of the market share in 2022.
In terms of market share for adventure travel in 2022, North America is predicted to have 25.9% of the market.

Competitive Landscape

The leading market companies are committed to producing innovative products and act rapidly to finalize mergers and acquisitions. A competitive climate for new market entrants is being created by the leading industry participants’ rising innovation.

Prominent players in the adventure tourism market are:

Intrepid Group Ltd.
Mountain Travel Sobek
G Adventures
Geographic Expeditions Inc.
Discovery Nomads
Row Adventures
Austin Adventures, Inc.
Butterfield & Robinson Inc.
Tui Group
Cox & Kings Ltd.

Some key developments of the leading companies in this market are:

In 2021, Wilderness England announced a brand-new adventure holiday package to let travelers see England’s National Parks and wildest areas. In some of the most renowned and remote parts of the country, such as the Lake District, Cotswolds, Peak District, Yorkshire Dales, as well as Northumberland, the program will launch with 17 all-new trips. Even Wales will be breached for leisure and cultural pursuits. The sole options to stay are in little inns and motels that provide excellent customer service and scrumptious local food.

More Valuable Insights Available

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

To understand opportunities in the adventure tourism market, the market is segmented on the basis of activity type (soft and hard), group (groups, family, couples and solo travelers), age group (28 and under, 29-40, 41-50, 51-60, 61-70, 71 and over), by booking mode and across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa)

About the Travel and Tourism Division at Future Market Insights

The travel and tourism team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Profiled in the Adventure Tourism Market

By Type:

Soft
Hard

By Group:

Groups
Family
Couples
Solo Travellers

By Booking Mode:

Direct
Travel Agents
Marketplace

By Age Group:

28 and Under
29-40
41-50
51-60
61-70
71 and Over

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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

Cosmetic Spray Bottles Market Forecast: Growth Trajectory and Analysis

Cosmetic spray bottles are essential packaging components in the beauty and personal care industry, designed specifically for dispensing various liquid formulations such as perfumes, facial mists, hair sprays, and body sprays. These bottles typically feature a spray pump mechanism that allows controlled and even distribution of the product, ensuring precise application.

The global Cosmetic Spray Bottles Market is poised for substantial growth, with projections indicating a steady Compound Annual Growth Rate (CAGR) of approximately 5.1% throughout the forecast period. In 2021, the cosmetic spray bottles market experienced a remarkable surge, with revenues climbing by 4.5% year over year on a global scale. Forecasts by FMI suggest a significant uptick in cosmetic spray bottles revenues, nearly doubling between 2021 and 2031.

This surge in demand can be attributed to several factors, including the elegant packaging offered by cosmetic spray bottles and consumers’ preference for convenient products. As consumers seek products that offer both style and functionality, cosmetic spray bottles emerge as a favored choice, driving sales and market expansion.

The global packaging industry has undergone significant evolution, expanding beyond traditional secondary and tertiary packaging to include primary packaging considerations. Within this landscape, liquid dispensing products for cosmetics have not witnessed dynamic innovation; instead, leading manufacturers have focused on optimizing existing technologies for dispensing purposes.

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Growth Factors

The integration of customization within the cosmetic industry stands out as a significant contributor to the increased sales of cosmetic spray bottles. This adaptation, which allows for the customization of spray bottles in terms of size and shape, has revolutionized the industry by offering a diverse array of products tailored to individual consumer preferences.

Furthermore, the introduction of child-resistant closures in cosmetic spray bottles has played a crucial role in mitigating the risk of infant poisoning. These safety measures enhance consumer confidence in the products, thereby bolstering sales in the target market. Additionally, the reliability of these spray bottles in storing liquids without spillage or leakage during transportation further enhances their appeal to consumers and contributes positively to sales growth.

Market Drivers

Consumer Preference for Convenient Packaging: Consumers increasingly favor cosmetic products that offer ease of use and convenience. Spray bottles provide a convenient way to apply various cosmetics, such as perfumes, facial mists, and hair sprays, making them popular among consumers seeking hassle-free application methods.
Growing Demand for On-the-Go Beauty Solutions: With an increase in the pace of modern lifestyles, there is a rising demand for beauty products that can be easily carried and used while on the go. Cosmetic spray bottles offer portability and compactness, catering to the needs of consumers looking for on-the-go beauty solutions.
Innovations in Formulations and Applications: The cosmetic industry is continuously innovating with new formulations and applications to meet evolving consumer preferences. Spray bottles allow for the efficient and controlled application of various cosmetic formulations, including lightweight mists, setting sprays, and body sprays, driving their adoption in the market.
Rising Awareness of Hygiene and Safety: In light of global health concerns, there is an increased emphasis on hygiene and safety in product packaging. Cosmetic spray bottles with features such as tamper-evident seals and airless pump mechanisms help maintain product integrity and minimize the risk of contamination, contributing to their popularity among consumers.

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Key Players

Global Players:

Canyon Europe Ltd.
Pack Logix
KlagerPlastik GmbH
Demaris GmbH
Qosmedix, Paragon Packaging Inc.
PB Packaging
MJS Packaging
Kaufman Containers
Delta Industries
All American Containers Inc.

APAC Players:

Syscom Packaging Company
Sarvottam Polymers Pvt. Ltd.
Yiwu Heypack Cosmetic Packaging Co. Ltd.
Guangzhou Honghua Glass Technology Company
Guanzhou Jiaxing Glass Products Co. Ltd.
Marunochi Bussan Co. Ltd.
Taisei Kako Co. Ltd.

Key Segments

By Raw Material:

Polyethylene
- High-Density Polyethylene
- Low-Density Polyethylene
Polyethylene Terephthalate
Polyvinyl Chloride
Polypropylene
Others (Acrylic, etc.)

By Sprayer Type:

Trigger Sprayer
Pistol Grip Sprayer
Shoreline Sprayer
Others

By Capacity:

Less than 10 ml
10 to 50 ml
51 to 100 ml
Above 100 ml

By Region:

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

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

Spain Sports Tourism Market Anticipates a Thrilling 13.8% CAGR Expedition Until 2032 | FMI

As per a recent Spain sports tourism market analysis by Future Market Insights (FMI), the Spain sports tourism market size is poised to reach a valuation of US$ 13809 Million in 2022. Sales of Spain sports tourism market are projected to increase at a 13.8% CAGR, with a historic CAGR of 13.4% from 2017 to 2021.

Sports tourism in Spain depends not only on major international events; in fact, the Spain sports tourism market key trends and opportunities that have been expressed in sports tourism in Spain is amateur tournaments. Marathons and street races are the main indexes of Spain sports tourism market future trends.

Mega sports events make up a substantial part of the sports tourism market. Some of the major sports events, like the Olympic Games and the FIFA World Cup, offer great Spain sports tourism market opportunities. In terms of tourism development, these events can be catalysts of economic opportunities, when there is a proper use of destination branding and infrastructure progress.

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As the majority of potential customers are millennial who spend the majority of their time on the internet using search and social media, having an online presence will certainly increase the Spain Sports tourism market value. There are many bloggers and YouTubers like Deadspin, With Leather, Dude Perfect, F2Freestylers, etc. who post about recent & exciting sports events happening around the world and give tutorials about the sport boosting the Spain sports tourism adoption trends.

Offering contactless payment methods may be perceived as a need rather than a luxury by many customers and staff who loathe dealing with cash. As a result of the COVID outbreak, many people in the Spain sports tourism market have started to employ contact payment systems.

Key Takeaways from the Spain Sports Tourism Market Study

In terms of tour type in the Spain sports tourism market, the package travellers are estimated to account for the relatively highest Spain sports tourism market
By booking channel, the online booking section is expected to hold a major Spain sports tourism market

The travellers prefer online booking rather than opting for personal booking as online booking is feasible and even the tour operators give discounts on booking online.

Spain is one of the biggest international hubs for football players as it has the highest number of registered players in the world. It has approximately 28000+ football clubs as well.
Apart from football, basketball, and handball are also popularly played by the Spanish population.
Cycling and gymnastics have also contributed numerous medals to Spain’s tally in various international competitions.
The opportunities in sports tourism tours from Europe vary by niche. Individual participation in sports offers the most chances for sustainable returns, but other sectors also provide Spain sports tourism market

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Key Players:

CN Sports Tourism
Kaptiva Sports Travel
Jolly DMC
Oentours
Spain Essential Travel
Agency Sports and Travel Europe
Spain Sports Tour
Just Explore
Costa Excursions
Madride Travel
Not Just a Tourist
Top Day Tours
Destination Services
Dolphin Adventure
VPT Tours
Born Bike Tours Barcelona
Others

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Spain Sports tourism market, presenting historical demand data (2017-2021) and forecast Spain Sports tourism market statistics for the period from 2022-to 2032. The study divulges compelling insights on the Spain Sports tourism market based on Sports Tourism Type (Sports Event Tourism, Nostalgia Sports Tourism, Active Sports Tourism, Passive Sports Tourism), By Sports Type (Football/ Soccer, Cricket, Motorsport, Basketball, and others) Booking Channel (Phone Booking, Online Booking & In-Person Booking), By Consumer Orientation ( Men, Women, and Children) Tourist Type (Domestic & International) Tour Type (Independent Traveller, Tour Group & Package Traveller) Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, 66-75 Years)across seven major regions.

Spain Sports Tourism Market by Category

By Sports Type, Spain’s Sports Tourism Market is segmented as:

Football/Soccer
Cricket
Motorsports
Basketball
Others

By Sports Tourism Type, Spain’s Sports Tourism Market is segmented as:

Sports Event Tourism
Nostalgia Sports Tourism
Active Sports Tourism
Passive Sports Tourism

By Consumer Orientation, Spain Sports Tourism Market is segmented as:

Men
Women
Children

By Booking Channel, Spain Sports Tourism Market is segmented as:

Phone Booking
Online Booking
In-Person Booking

By Tourist Type, Spain Sports Tourism Market is segmented as:

Domestic
International

By Tour Type, Spain Sports Tourism Market is segmented as:

Independent Traveler
Tour Group
Package Traveler

By Age Group, Spain Sports Tourism Market is segmented as:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

By Region, Spain Sports Tourism Market is segmented as:

EA (East Asia)

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

India Faith-Based Tourism Market Expected to Flourish with a Striking 16.2% CAGR by 2033 | FMI

According to Future Market Insights (FMI), the India faith based tourism market size is estimated at US$ 1,025.57 million in 2023 at a CAGR of 16.2% from 2023 to 2033. Indian faith based tourism market share in its parent market is about 6% to 11%.

Religion-based tourism has been recognized as of significant importance by the Indian government and efforts are being made to promote and develop these destinations. Government support for tourism includes improving infrastructure, preserving heritage sites, and facilitating travel and accommodations.

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The religious heritage and cultural richness of India make religious tourism an important component of its overall tourism market. Few of such schemes are Government of India has set a target of 20 million foreign tourist arrivals by 2020 and aims to double foreign exchange earnings from the sector:

PRASAD, the Ministry of Tourism aimed to transform pilgrimages into spiritual centers.
Swadesh Darshan Scheme, This scheme promotes tourism in specific regions by developing thematic circuits.
The E-Visa Facility, India’s electronic visa system, helps foreign tourists qualify for and obtain visas online, including those traveling on faith-based missions.
Infrastructure Development, Tourism and pilgrimage sites have been developed and improved with government investments to enhance their experiences.
Marketing Campaigns: The Ministry of Tourism in India runs campaigns aimed at showcasing the rich spiritual and cultural heritage of the country to faith-based tourists.
Heritage City Development and Augmentation Yojana (HRIDAY), aims to promote and preserve cultural and religious heritage in heritage cities.

India’s rich diversity of religious traditions may encourage travelers to explore and understand religious diversity through interfaith tourism. As a result, mutual respect and cultural understanding may be fostered in future.

Key Trends :

Rise of Spiritual Tourism: The report highlights a significant surge in the popularity of spiritual tourism in India, with both domestic and international travelers seeking immersive experiences at religious and cultural sites.
Technological Integration: The integration of technology in enhancing the overall tourism experience is a notable trend. Mobile applications, virtual tours, and online platforms have become pivotal tools in facilitating easier access to information and improving visitor engagement.
Emergence of Niche Pilgrimages: The study identifies the growing trend of niche pilgrimages, with travelers exploring specific religious routes, festivals, and events, contributing to a diversified and enriched faith-based tourism landscape.
Sustainable Tourism Practices: A noteworthy trend is the increasing focus on sustainable and responsible tourism. The report sheds light on how conscious travelers are seeking eco-friendly accommodations, ethical tourism practices, and community engagement initiatives.

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Key Players

Thomas Cook (India) Ltd
Cox & Kings Ltd
Mahindra Holidays & Resorts India Ltd
MakeMyTrip
Yatra Online Pvt Ltd
International Travel House Ltd
TravelGuru
Expedia
Ibibo Group
SOTC Travel Limited
Kesari Tours
Indian Railways Catering and Tourism Corporation
Cleartrip
EasyMyTrip
Balmer Lawrie Travel & Vacations
redBus
ixigo.com
Others

India Faith Based Tourism Market by Category

By Tourism Type:

Day Trips & Local Gateways
Museums
Pilgrimages
Religious and Heritage Tours
Others

By Booking Channel:

Phone Booking
Online Booking
In Person Booking

By Tourist Type:

Domestic
International

By Age Group:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

By Consumer Orientation:

Men
Women
Children

By Tour Type:

Independent Travellers
Tour Groups
Package Travellers

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

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Nandini Singh Sawlani

Fez Caps Market Analysis: Industry Growing at 5.3% CAGR by 2031

Fez caps, also known as tarboosh or red hats, hold a rich cultural and historical significance. Originating from the city of Fez in Morocco, these distinctive headpieces are characterized by their conical shape and often adorned with a tassel. Historically worn across the Middle East and North Africa, fez caps have evolved from traditional ceremonial attire to becoming iconic symbols of cultural identity.

Based on recent findings by Future Market Insights, the fez caps market is poised to experience a notable growth rate of 5.3% throughout the forecast period spanning from 2021 to 2031. This growth trajectory can be attributed to the rising emphasis on product safety and security within the packaging industry.

In contemporary fashion, fez caps have experienced a resurgence in popularity, transcending their cultural origins to become trendy accessories worldwide. Fashion designers and enthusiasts alike have embraced fez caps for their unique aesthetic appeal and ability to add a touch of exoticism to any outfit. Whether worn as a statement piece or incorporated into everyday attire, fez caps continue to captivate fashion enthusiasts with their timeless charm and cultural significance.

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As consumers prioritize the protection of their belongings, including fashion accessories like fez caps, there is a growing demand for reliable and secure packaging solutions. Consequently, this heightened focus on safety and security is expected to drive significant growth in the fez caps market as manufacturers and suppliers respond to meet these evolving consumer needs.

Growth Factors

Fez caps, reminiscent of the traditional headwear worn by Turkish people, find widespread application in the packaging sector. These caps, resembling the iconic Fez hats in shape, offer a convenient and distinctive solution for ensuring product safety and security.

The fez caps market is primarily propelled by the growing emphasis on product safety and security across industries. Additionally, fez caps offer benefits such as convenience and product differentiation, further driving their demand in the market. These factors contribute to a significant surge in demand for fez caps throughout the forecast period from 2021 to 2031.

Fez caps find extensive usage across diverse industries, including pharmaceuticals, food and beverages, chemicals, and personal care. Their versatility and reliability make them a preferred choice for packaging various products across different sectors, further bolstering their market growth and adoption.

Market Drivers

Product Safety Concerns: With an increasing focus on product safety and security, especially in industries such as pharmaceuticals, food and beverages, and personal care, there’s a growing demand for packaging solutions that ensure the integrity of the products. Fez caps provide a secure closure mechanism, offering protection against contamination and tampering, thus driving their adoption in these industries.
Convenience and Functionality: Fez caps offer convenience and ease of use in packaging applications. Their simple yet effective design allows for easy opening and closing, enhancing user experience and convenience. This aspect makes them popular among consumers and manufacturers alike, driving the demand for fez caps in the market.
Product Differentiation: In an increasingly competitive market landscape, product differentiation plays a crucial role in attracting consumers. Fez caps provide a distinctive appearance compared to traditional packaging closures, allowing brands to stand out on the shelves and create a unique brand identity. As a result, manufacturers are increasingly opting for fez caps to differentiate their products and gain a competitive edge in the market.
Versatility Across Industries: Fez caps find applications across various industries, including pharmaceuticals, food and beverages, chemicals, and personal care. Their versatility and adaptability make them suitable for packaging a wide range of products, from liquid formulations to solid dosage forms. This wide-ranging applicability drives the demand for fez caps across different sectors, contributing to market growth.

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Key Players

Nantong GIE Packaging Co.Ltd
RPC Group Plc
O.Berk Company
Crown Holdings Inc.
LLC
Berry Global Group Inc
Amcor Limited
Rexam PLC
Berry Plastics Corporation
Silgan Holdings Inc.
United Caps
AptarGroup Inc.
Guala Closures Group
BERICAP GmbH Co. & KG.

Key Segments

By Material:

Plastic
Metal
Others

By Application:

Food
Pharmaceutical
Beverage
Cosmetics and Toiletries
Other

By End User:

Beverage industry
Healthcare industry
Food industry
Cosmetics & toiletries
Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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

Thermal & Inkjet Disc Printers Market Poised for Remarkable Growth, Forecasted to Reach US$ 632.8 Million by 2033

The global revenue for thermal & inkjet disc printers market reached a total of US$ 338.4 million in 2023. Looking ahead, the market for these printers is projected to decrease at a compound annual growth rate (CAGR) of -6.1% during the forecast period from 2023 to 2033, with an expected total market value of US$ 632.8 million by 2033.

The thermal and inkjet disc printers market currently represents around 1.9% of sales in the global printer market. Over the last few years, significant shifts in text and data storage capabilities have occurred across businesses and consumers. These shifts are leading to the decreased adoption of media discs and may contribute to the decline of the thermal and inkjet disc printers market.

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The main factors influencing the growth of the Thermal & Inkjet Disc Printers market in the United States, Europe, and Japan are the rising demand for online media content, the ongoing acceptance of cloud-based capacity services and various media storage devices, the high cost of raw materials, and mechanical development with efficient options for accessing information.

The study provides a comprehensive analysis of the major growth trends and factors that are likely to have an impact on the market in the years to come. With the adoption of distributed computing and artificial reasoning, the innovation industry is expected to experience robust growth over the estimated time period.

In the next ten years, increasing serious pressure and advanced computerization in the fields of information analysis and artificial consciousness are likely to significantly advance the development outlook for the market for thermal and inkjet disc printers.

According to the FMI report, the market for Thermal and Inkjet Disc Printers continues to be hampered by changes in consumer behaviour, robust product improvements, and expanding appropriation networks. The researchers at FMI gather information from a broad range of primary and auxiliary sources and rely on engaging examination procedures to analyse the existing and projected trends in the Thermal and Inkjet Disc Printers market report.

Division features:

The U.S., Europe and Japan Thermal & Inkjet Disc Printers market is classified based on printer type as warm Thermal & Inkjet Disc Printers and inkjet Thermal & Inkjet Disc Printers. On the premise warm Thermal & Inkjet Disc Printers, the market is additionally isolated based on innovation (direct warm printing and warm retransfer and color sublimation printing) and lace type (monochrome dark, shading and photograph).

Based on inkjet Thermal & Inkjet Disc Printers, the market is additionally isolated based on innovation (constant ink innovation and drop on request innovation) and head configuration (fixed head and replaceable head).

The inkjet Thermal & Inkjet Disc Printers fragment is a significant section offering 55% market income in 2015
The warm plate printer sub-fragment was esteemed at US$ 418.3 Million in 2015 and is expected to enlist a CAGR of — 2.5% during the figure time frame
The inkjet plate printer sub-section was esteemed at US$ 511.3 Million in 2015 and is expected to enlist a CAGR of — 3.4% during the conjecture time frame.

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Merchant bits of knowledge:

A portion of the key market players distinguished across the U.S., Europe and Japan Thermal & Inkjet Disc Printers market esteem chain are Rimage and Formats Unlimited (MF Digital) that are working in both the warm printing and inkjet Thermal & Inkjet Disc Printers printing market.

TEAC America Inc. furthermore Microboards Technology are explicitly working in the warm Thermal & Inkjet Disc Printers market while Seiko Epson Corporation and Primera Technologies Inc. are explicitly working in the inkjet Thermal & Inkjet Disc Printers market.

Leading Key Players:

Seiko Epson Corporation
Primera Technology, Inc
Formats Unlimited, Inc (MF Digital)
Rimage Corporation
Microboards Technology
Casio Computer Co., Ltd

Why Buy FMI’s Report?

Broad investigation on key patterns and amazing open doors on the enterprises progressing patterns in various areas across the globe
Comprehensive evaluation on late mechanical headways and conjecture of the impending ten years
A relative examination of driving players and arising players in the Thermal and Inkjet Disk Printers market
Solid data on new item dispatches, natural and inorganic techniques, and that’s only the tip of the iceberg
Important bits of knowledge on the effect of administrative structure on the worldwide Thermal and Inkjet Disk Printers market

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Thermal & Inkjet Disc Printers Market Segmentation:

By Ribbon Type:

Monochrome Black
Color
Photo

By Ribbon Supplier:

OEM
Aftermarket

By Technology:

Direct Thermal Printing
Thermal Transfer Printing
Dye-Sublimation Printing

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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

Service Lifecycle Management Application Market Set to Reach US$ 2.93 Billion by 2030, Driven by Strong 7.9% CAGR

The global service lifecycle management application market is projected to expand significantly in the coming years. In 2022, it was valued at approximately US$ 1.6 billion, and it is expected to reach about US$ 2.93 billion by the end of 2030. This growth can be attributed to the increasing global demand for service lifecycle management solutions, which is anticipated to rise at a CAGR of 7.9% from 2022 to 2030. Service lifecycle management application consumption accounted for around 3% share of the global product lifecycle management market in 2021.

All of these factors have brought in a precision-driven aspect to services, increasing the value proposition and raising overall profit margins.

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Big Data Analytics Driving Real Time Communication and Analysis in SLM Applications

Data analytics is a game changer for service management operations because it gathers asset information and allows for improved service quality, which leads to a higher first-time repair rate (FTF rate). SLM apps assist firms in determining how effectively their services are working in comparison to their plans. As a result, the SLM programme helps enterprises to discover and solve service issues more rapidly.

Descriptive and predictive analytics will lead to real-time communication between dealerships, manufacturers, and customers via connected devices, resulting in notifications to manufacturers about product status and early warnings for better and proactive decision making, resulting in better service and customer retention. Furthermore, analytics will concentrate on combining customer satisfaction data with service lifecycle management software.

The use of service lifecycle management applications is growing, especially in sectors that manufacture with metal, such as aerospace and defence and automotive and transportation.
The use of service lifecycle management applications will increase by 1.7x of current market value by the end of 2030 in the medical equipment sector as COVID-19 leads to a significant volume of new n
The Asia Pacific service lifecycle management application market is anticipated to grow at a CAGR of around 8% from 2020 to 2030.

Big Data Analytics Driving Real-Time Communication and Analysis in SLM Applications

Because it collects asset information and enables better service quality, data analytics transforms service management operations and increases the percentage of first-time repairs (FTF rate). Apps for SLM let businesses assess how well their services are doing in relation to their plans. As a result, the SLM programme aids businesses in finding and resolving service problems more quickly.

Through connected devices, descriptive and predictive analytics will enable real-time communication between dealerships, manufacturers, and customers. This will enable manufacturers to receive notifications about the status of their products and early warnings to make more proactive decisions that will improve service and customer retention. Analytics will also focus on fusing service lifecycle management software with data on customer satisfaction.

Leading Key Players:

PTC Inc.
Tech Mahindra Limited
Wipro Limited
Siemens AG
Atos SE
TCS Ltd.
Oracle Corporation
Astea International Inc.
IBM Corporation
Dassault Systems
Tavant Technologies

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Service Lifecycle Management Application Industry Segmentation:

By Software Type:

Cloud-based
Web-based

By Service-based Model:

Field-based
Depot-based
Dealer-based
Performance-based

By Solution:

Customer Contact & Support
Field Service Management
Warranty & Service Management
Service Parts Information Management

By End-use Industry:

Automotive & Transportation
Aerospace & Defense
Medical Equipment
High Technology
Telecommunications
Industrial Machineries & Equipment

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 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