Building Information Management (BIM) Market Expected 13.2% CAGR, Reaching US$ 23,660.9 Million by 2032

The building information management (BIM) market is poised for remarkable growth, with projections indicating that it will soar to approximately US$ 23,660.9 million by the year 2032. This surge is driven by the increasing adoption of BIM technologies across the construction and infrastructure sectors. BIM, a comprehensive digital representation of building processes and assets, has revolutionized the construction industry, offering enhanced efficiency, collaboration, and data-driven decision-making.

The CAGR of 13.2% further underscores the industry’s momentum, with BIM becoming an indispensable tool for architects, engineers, contractors, and project managers in streamlining design, construction, and operational phases, ultimately reducing costs and improving project outcomes. As the construction world embraces the advantages of BIM, the market is set to continue its robust expansion in the coming years.

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Creating advancement practices in the private and business regions should uphold the premium for BIM courses of action. Likewise, with government support across various countries, public and private makers have been doing the item to drive utilitarian adequacy.

Specialized enhancements that empower information organization at distant servers and between client coordination are reinforcing the reception of building information management arrangement and programming. Aside from this, there is a flood in BIM utilization because of its different benefits over contemporary devices of the same class, for example, paper-based plan, demonstrating, and PC-helped plan (CAD) frameworks.

Factors such as the growing trend of the Internet of Things (IoT), rigorous government rules regarding the use of BIM software, and improved construction productivity are also fueling the market expansion.

However, the market is facing a fall in BIM software sales as a result of the increasing number of COVID-19 cases, the resulting stop in building projects globally, and lockdowns enacted by several nations. The market is projected to increase if normalcy is restored.

Key Takeaways from the Building Information Management (BIM) Market Report:

  • By solution, the BIM software segment is predicted to lead the worldwide demand for building information management, exhibiting a CAGR of 13.7% during the forecast period, followed by the services segment.
  • By end users, the architects and consultants’ category is dominating, registering a CAGR of nearly 14.8% between 2022 and 2032.
  • By application, the demand for BIM systems is expected to rise more rapidly in the commercial sector than in the residential sector throughout the projected period.
  • By geography, North America presently has the largest market share of roughly 30.3% in the BIM industry in 2021, however, the South Asia & Pacific region has the highest growth rate of around 15.4% through the period of 2022-2032.

Rise in Prefabrication to Fuel the Demand:
Buildings or building components are built offsite by construction teams and then transported to the construction site once completed. Prefab is considered to be more efficient and faster than onsite construction.

BIM software facilitates prefabrication by detailing the materials and design of a building and its components making it easier to plan the resources as well as schedule assembly. Building information management creates highly detailed models in a fabrication-level 3D file format that may be directly triggered by Computer-Aided Manufacturing (CAM) equipment.

The components are then created by these machines with great precision, accuracy, and quality. These factors are expected to majorly contribute to the growth of the building information management market in the coming years.

Optimizing the Processes Interaction through Systematic Digitalization to Help the BIM Market Create a Strong Footprint:
Digitalization in the construction sector remains weak. Catchup effects and increasing investment in industry-specific software solutions that control processes more efficiently and reduce costs and time expenditure are creating demand for BIM solutions.

By decreasing building time, increasing quality, and cutting costs, optimizing the interaction of all processes will provide the industry a more than 20% gain in efficiency.

Thanks to the world’s leading building information management approach, many aspects of this change may already be accomplished efficiently utilizing current technology. These factors are projected to further accelerate the market growth shortly.

Leading Key Players:

  • Autodesk Inc.
  • Trimble Solutions Corporation
  • Graphisoft (Nemetschek Group)
  • BIMobject
  • Elecosoft
  • RIB Software SE
  • Dassault Systèmes
  • DataCAD LLC
  • Bentley Systems
  • Procore Technologies
  • Bricsys NV
  • Vizerra SA
  • Cadmatic Oy
  • ArCADiasoft
  • ACCA software
  • Kreo

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Building Information Management (BIM) Market Segmentation:

By Solution:

  • Software
  • Services
    • Structural Design & Modeling Services
    • Project Consulting
    • Support & Maintenance

By End User:

  • Civil Engineers
  • Architects & Consultants
  • Construction Supervisors
  • Building Contractors

By Application:

  • Residential
  • Commercial
  • Industrial
  • Government

By Region:

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

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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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Anticipating a Soaring Surge: Sodium Lauryl Sulphate Market Poised for 6.3% CAGR Growth from 2022 to 2032

As of the latest industry analysis conducted by Future Market Insights, the global sodium lauryl sulphate market is projected to achieve a valuation of US$ 576.7 million in 2022, with anticipated growth at a Compound Annual Growth Rate (CAGR) of 6.3% from 2022 to 2032. This forecast suggests a steady upward trajectory for the market, highlighting the persistent demand and expanding applications of sodium lauryl sulphate in various industries. Factors such as its widespread use in the production of personal care and household products are expected to contribute to this sustained growth, positioning sodium lauryl sulphate as a key component in the global market landscape.

Sodium lauryl sulphate (SLS) is a widely used synthetic detergent and surfactant, commonly found in personal care and cleaning products. With its versatile applications in industries such as cosmetics, pharmaceuticals, and household goods, the sodium lauryl sulphate market has witnessed substantial growth in recent years.

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Market Size and Growth Drivers:

The sodium lauryl sulphate market has experienced significant growth, driven by the rising demand for personal care and cleaning products globally. The growth is attributed to factors such as increasing population, urbanization, and the growing awareness of personal hygiene. SLS is a crucial ingredient in products like shampoos, soaps, toothpaste, and household cleaners, contributing to its widespread usage and market expansion.

Furthermore, the cosmetics and personal care industry’s emphasis on product innovation, including the development of sulfate-free formulations, has led to increased research and development activities, positively impacting the sodium lauryl sulphate market.

Application Insights:

  1. Personal Care Products: SLS is extensively used in personal care products such as shampoos, body washes, and facial cleansers for its excellent foaming and cleaning properties. The increasing consumer focus on hygiene and grooming has fueled the demand for personal care products, consequently boosting the sodium lauryl sulphate market.
  2. Household Cleaners: The detergent properties of SLS make it a key ingredient in various household cleaning products, including dishwashing liquids and surface cleaners. As consumer preferences shift towards effective and convenient cleaning solutions, the demand for SLS in household cleaners is expected to rise.
  3. Pharmaceuticals: SLS finds application in the pharmaceutical industry, particularly in the formulation of oral care products and as an excipient in some medications. The pharmaceutical sector’s continuous growth contributes to the expanding scope of sodium lauryl sulphate applications.

Top Key Players in the Global Market

  • BASF SE,
  • The Dow
  • Dongming Jujin Chemical Co., Ltd
  • Henan GP Chemicals Co.,Ltd,
  • Shanghai Youyang Industrial Co
  • Stepan Company
  • Clariant Corporation
  • Acme-Hardesty Company
  • Alpha Chemicals Pvt. Ltd.,
  • Croda International Plc
  • The Chemours Company
  • Huntsman Corporation
  • Lion Specialty Chemicals Co. Ltd.
  • Galaxy Surfactants Ltd.

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Sodium Lauryl Sulphate Market Segmentation

By Product Type

  • Sodium Lauryl Sulphate Liquid
  • Sodium Lauryl Sulphate Dry

By Production Process

  • Inorganic Based
  • Coco Based

By End-Use

  • Detergents and Cleaners
  • Personal Care
  • Industrial Cleaner
  • Dish Washing Liquids

By Region

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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France Outbound Tourism Market Reaches US$ 51.6 Million, Gearing Up for a 4.3% CAGR Journey into 2032 | FMI

The France outbound tourism market is estimated to expand at a CAGR of over 4.3% during the forecast period of 2022 to 2032. Sales in the market are slated to reach a valuation of US$ 51.6 Million by the end of 2032.

Holiday entitlement is a scheme promoted by several multinationals in France to avail assigned days of leaves for leisure and relaxation purposes. In addition, the National Holiday Voucher Agency policy gives the privilege to the employees in accordance with the law enacted on 11th February 2005 for equal participation and opportunity for special amenities within the France tourism structure.

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The policy helps to improvise the accessibility of the outbound tourism facilities and acts as a strong driver for outbound tourism, leisure, and culture. Industrial tourism has become a genuine tourism sector due to the presence of large multinationals in France.

Company visits abroad and industrial tourism have become prominent, both in terms of leisure and business tours. This factor not only promotes international and cross-border trade but also creates a healthy atmosphere among the employees of various companies. This trend is estimated to have a moderate to high impact on the France outbound tourism market.

Key Takeaways from the France Outbound Tourism Market Study

  • Based on purpose, the vacation segment is expected to witness fastest growth over the forecast period.
  • In terms of tour category, package travel segment is expected lead the France outbound tourism market over the assessment period.
  • Based on season, the October-December segment will create maximum revenue in the France outbound tourism market.
  • In terms of gender, the female segment is expected to be the most lucrative segment over the forecast period.
  • By top destinations, Spain and Italy are expected to be the most preferred locations among the consumers

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Key Players

  • Tui France
  • France Billet
  • Ticketnet
  • Odalys Evasion
  • Global Business Travel France
  • Travel Lab SAS
  • Oui.sncf SAS
  • Fram
  • Pv-Cp Distribution
  • Vacances Heliade

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France Outbound Tourism Market by Category

By Age Distribution:

  • Under 18 years
  • 18-25 years
  • 26-35 years
  • 36-45 years
  • 46-55 years
  • Above 55 years

By Monthly Income:

  • Less than US$ 2,000
  • US$ 2,000-3,999
  • US$ 4,000-7,999
  • US$ 8,000-11,999
  • US$ 12,000 & Above

By Gender:

  • Male
  • Female

By Purpose:

  • Vacations
  • Visiting Family & Friends
  • Business Trips
  • Study
  • Others

By Mode of Transportation:

  • Rail
  • Air
  • Sea
  • Road

By Travel Frequency:

  • Once each year
  • Several times each year
  • Once for each 2-3 years
  • Others

By Season:

  • January-March
  • April-June
  • July-September
  • October-December

By Tour Category:

  • Package Travel
  • Semi-Independent Travel
  • Group Tour
  • Independent Travel

By Categories:

  • Transport
  • Entertainment & Site Seeing
  • Travel Intermediaries
  • Shopping
  • Retail
  • Tipping

By Preference and Behaviors:

  • Value-Seeking Sightseer
  • Unplugged
  • Aspirant
  • Individualist
  • Backpacker
  • Shopper
  • Novice Traveler
  • Sophisticated Traveler

By Tourist Attraction Favored:

  • Sea/Beaches
  • Countryside
  • In the city
  • Mountain Tracking, Natural Places

By Length of Stay:

  • Nil nights
  • 1-3 nights
  • 4-7 nights
  • 8-14 nights
  • 15+ nights

By Top Destinations:

  • Spain
  • Italy
  • United Kingdom
  • Germany

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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Activated Charcoal Supplements Market Is Set to Experience Revolutionary Growth by 2029

Activated Charcoal Supplements Market
Activated Charcoal Supplements Market

Surging intestinal diseases coupled with eco-friendly properties of activated charcoal will drive growth for activated charcoal supplements between 2019 and 2029. The activated charcoal supplements market will grow at an astounding CAGR of more than 11% during the forecast period.

Activated charcoal will garner increasing consumer demand on the back of increasing end-use industry applications and awareness about its medical properties. The market is set for an astounding growth trajectory of more than 11% from 2019 to 2029. Major drivers of this growth are multiplying consumer traction from millennial as well as geriatric population, and government regulations on industrial wastewater treatment. Activated charcoal supplements are effective in treating indigestion, diarrhea, and flatulence conditions. It is manufactured from eco-friendly raw materials such as coconut shells, olive stoners, peat, fruit pits, and saw dust.

Key Takeaways of Activated Charcoal Supplements Market Study

  • Powder product types will gain maximum growth owing to its highly soluble nature. The segment exhibits continued share-wide dominance through the end of 2029.
  • Tablets are second most demanded product type owing to the popularity of tablets among geriatric population which forms a majority of activated charcoal supplement consumers.
  • North America holds over 1/4th of the market share, followed by Latin America and Europe which collectively account for more than 1/4th of the total market value.
  • East Asia offers the most remunerative growth opportunities with an astounding 13% CAGR during the forecast period.
  • Drug stores generate maximum sales which makes this sales channel a leader in the segment. This is followed by health & beauty stores that cater to the millennial audience.

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Activated charcoal is organic in nature and versatile in use-cases. The global activated charcoal supplements market will leverage these properties and garner multiplying revenues during the forecast period. Market players must invest in research and development of use-cases and manufacturing processes. -Says FMI Analyst

Industrial Use-Cases Bolster Sustainable Growth

Industrial purification employs activated charcoal to effectively control mercury levels. Governments around the world are introducing stringent regulations to keep industrial pollution in check. In the near future, it is expected that activated charcoal will bolster growth in many industrial use-cases such as coal-fired power plants, clinker cement plants, and other industries that use large boilers in the manufacturing process. Market players stand to gain from this industrial trend, given they are prepared with innovative applications of activated charcoal supplement in various applications such as water treatment, hydrogen sulfide removal, chlorine removal, and air purification.

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Who is winning?

Winners in the activated charcoal supplements market strategically position their R & D centers, adopt innovative development strategies, and embrace industry 4.0 technologies such as Industrial Internet of Things, cloud computing, artificial intelligence, and machine learning. Market players that embody this winning personality in different capacities are ADA-ES, Inc., Boyce Carbon, Jacobi Carbons AB, Cabot Corporation, Calgon Carbon Corporation, CarboTech AC GmbH, Evoqua Water Technologies LLC, Osaka Gas Chemicals Co, Oriental Trading Co., Ltd., and Kalpachar Products Pvt.

What does the future hold?

Increase in government regulations on mercury, hydrogen sulfide, chlorine, and water contamination is expected to provide future growth opportunities. Developing application in medical treatments, liquid purification, and gas phase purification processes is expected to thrust market growth. Commercial end-use industry will grow on the back of increasing awareness among consumers and multiplying cases of intestinal diseases.

The global activated charcoal supplement market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

  • Capsules
  • Tablets
  • Powder
  • Others (Granules, Gel, etc.)

By Sales Channel

  • Drug Stores
  • Health & Beauty Stores
  • Modern Trade
  • Third-Party Online Channels
  • Company Online Channels
  • Practitioner Channels

By Primary Function

  • Antidiarrheal
  • Detoxification
  • Anti-Bloating

Region

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

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About Future Market Insights (FMI)

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

 Contact Us:

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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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Accelerating Growth: Cow Colostrum Market Poised to Reach Staggering US$ 2.8 Billion by 2033

Cow Colostrum Market
Cow Colostrum Market

The global cow colostrum market, valued at US$1.40 billion in 2022, is set to double by 2023, reaching a staggering US$ 2.8 billion with a noteworthy Compound Annual Growth Rate (CAGR) of 6.5% from 2023 to 2033. Athletes, recognizing its role in enhancing immune systems and muscle development, are driving rapid market growth.

Key Market Dynamics:

  1. Athlete-Focused Growth: Increased adoption by athletes is accelerating market expansion, reducing upper respiratory and intestinal damage. The overall enhancement of athletes’ immune systems contributes significantly.
  2. Anti-Aging Appeal: The anti-aging benefits of cow colostrum, reducing wrinkles and promoting skin health, are boosting market sales. Growth hormones in colostrum stimulate cell regeneration and skin thickness.
  3. Innovative Products: Cutting-edge methods have led to the introduction of convenient products like colostrum powders, driving widespread use and further market growth.

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Key Takeaways:

  • Sales increased by a commendable 5.4% CAGR between 2018 and 2022.
  • Developed and emerging nations account for over 86% of the global market.
  • Business-to-Business (B2B) holds a 51.29% market share, projected to expand at a 4.63% CAGR.
  • Finished goods constitute 56.5% of the total market in 2022.
  • The United States leads with a predicted market share of 61.2% in 2022, dominating North America.
  • India in South Asia holds a 25.4% market value share, expected to grow at a CAGR of 8.21%.

“The cow colostrum market’s expansion is attributed to its high protein content and immunity-boosting qualities. Cow colostrum supplements offer a dual benefit of immunity enhancement and improved intestinal health,” remarks an analyst from Future Market Insights.

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Competitive Landscape

It is anticipated that the demand for cow colostrum will rise in the near future for use in animal feed compositions. Strong promotional and marketing campaigns are a crucial opportunity for businesses to increase their reach and share of the market in the cow colostrum industry since informative colostrum advertising are a particular field that has been discovered to be missing.

Prominent players in the cow colostrum market are:

  • Colostrum BioTec GmbH
  • Zuche Pharmaceuticals
  • Biodane Pharma A/S
  • Agati Healthcare Pvt. Ltd.
  • McePharma
  • Cure Nutraceuticals Pvt. Ltd.
  • Ingredia Nutritional (Ingredia S.A.)
  • Sterling Technology
  • Biotaris B.V.
  • La Belle Inc.
  • Now Health Group, Inc.
  • The Saskatoon Colostrum Company
  • Good Health New Zealand

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

  • Dutch company Biotaris B.V. has provided premium cow as well as goat colostrum goods for many years. Their colostrum products surpass the usual quality criteria thanks to the development of a unique cold-state manufacturing technology to process raw colostrum deeper in a loss-free and friendly manner.
  • In 2021, Bioblock, a unique nasal spray containing antibodies towards the SARS-CoV-2 virus generated from cow colostrum, is being sold on Tallink Grupp’s Estonian boats.
  • A pioneer in nutrition as well as biotechnology, PanTheryx, announced the release of three product formulations such as cow colostrum in March 2021. These include baked nutrition bars, soft chews, and soft presses.

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Key Segments Profiled in the Global Cow Colostrum Market

Nature:

  • Organic
  • Conventional

Product Type:

  • Whole
    • Whole Colostrum Powder
    • Skim Colostrum Powder
    • Specialty Colostrum Powder
  • Colostrum Finished Products
    • Capsules
    • Chewable Tablets
    • Individual Sachets
    • Specially Formulated Products

End Use:

  • B2B
    • Dietary Supplements
    • Sports Nutrition
    • Functional Foods
    • Animal Nutrition
    • Cosmetics
    • Infant Formula
    • Pharmaceuticals
  • B2C
    • Hypermarket/Supermarket
    • Convenience Store
    • Specialty Stores
    • Drug Stores
    • Health & Wellness Stores
    • Online Retailing

Region:

  • North America
  • Latin America
  • Europe
  • 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
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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PET Packaging Revolution: Trends and Innovations Shaping the Market

PET (Polyethylene Terephthalate) is a widely used thermoplastic polymer that is commonly employed in the packaging industry due to its excellent properties. PET materials are known for their transparency, strength, and versatility, making them suitable for various packaging applications.

The PET material packaging market is poised for substantial expansion, with a projected valuation of US$ 81.7 billion by 2024. Demonstrating a notable trend, the market is anticipated to maintain a steady Compound Annual Growth Rate (CAGR) of 4.1% until 2034. These consistent growth forecasts indicate that the global PET material packaging market is set to achieve an impressive valuation of US$ 122 billion by 2034.

The market experienced considerable growth in the historical period from 2019 to 2023, driven by various factors, notably the widespread adoption of PET material for packaging solutions across diverse industries.

In 2019, the market’s total valuation was recorded at US$ 81.7 billion. Over the subsequent four years, spanning from 2019 to 2023, the market witnessed significant expansion, with the market value surging to US$ 122 billion. This remarkable growth was anchored in the versatility and suitability of PET material for packaging applications, addressing regulatory requirements, and responding to environmental concerns.

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Key aspects related to PET materials in packaging:

  1. Bottles and Containers:
    • One of the most common uses of PET in packaging is for the production of bottles and containers. PET bottles are widely used for beverages, water, juices, and other liquid products. They are lightweight, shatter-resistant, and have good barrier properties.
  2. Food Packaging:
    • PET is commonly used for food packaging, including trays, clamshells, and jars. It is a popular choice for packaging fruits, salads, snacks, and other food items due to its transparency and ability to showcase the product.
  3. Clear Films and Sheets:
    • PET is used to produce clear films and sheets, which are often employed in packaging applications where visibility of the product is important. These films can be used for packaging items such as stationery, cards, and consumer goods.
  4. Blister Packaging:
    • PET is utilized in blister packaging, providing a transparent and protective covering for pharmaceuticals, medical devices, and consumer goods. Its clarity allows consumers to view the product while ensuring protection against external elements.

Market Trends

Derived from terephthalic acid (TTA) and mono ethylene glycol (MEG), PET (polyethylene terephthalate) finds extensive application in containers for bottled water and food packaging, meeting rigorous safety and reliability standards mandated by regulatory authorities. This compliance underscores the suitability of PET for packaging needs, particularly within the food and beverage industry.

When employed as a packaging material, PET can be deemed a biodegradable substance, aligning with the prevalent trend of embracing environmentally friendly practices in the packaging sector. The increasing emphasis on green plastics has emerged as a pivotal driver for the growth of the PET material market, with sustainability and environmental considerations playing a decisive role in material choices across industries.

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Key Market Players

  • Amcor Limited
  • CCL Industries, Inc.
  • Gerresheimer AG
  • Smurfit Kappa Group PLC
  • Masterchem
  • PET Power
  • Berry Plastic Group Inc.
  • Resilux NV
  • GTX Hanex Plastic Sp. z o.o.
  • Klöckner Pentaplast GmbH & Co. KG.
  • PerPETual Global
  • Waipak
  • Loop Industries

For Instance

In January 2022, Sonoco announced a strategic initiative to raise the pricing of CPET (crystallized polyethylene terephthalate) thermoformed plastic trays and bowls, marking a substantial increase of 9%.

Also in January 2022, Berry and TotalEnergies initiated a collaborative effort, emphasizing their shared dedication to reducing landfill waste and enhancing the circularity of food packaging. This partnership underscores a joint commitment to sustainable practices within the packaging industry.

Key Segments Profiled in the PET materials packaging Industry Survey

PET materials packaging Market by End Use:

  • PET materials packaging for Food and Drink
  • PET materials packaging for Personal Care
  • PET materials packaging for Pharmaceuticals
  • PET materials packaging for Alcoholic Beverages
  • PET materials packaging for Other End Uses

PET materials packaging Market by Product:

  • PET Bottles
  • PET Jars
  • PET Preforms
  • PET Closures

PET materials packaging Market by Region:

  • North America PET materials packaging Market
  • Latin America PET materials packaging Market
  • Europe PET materials packaging Market
  • Asia Pacific PET materials packaging Market
  • Middle East and Africa PET materials packaging Market

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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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Fish Silage Market’s Thriving Voyage towards US$ 2,065.0 Million Valuation by 2033 | FMI

Fish Silage Market
Fish Silage Market

Anticipated Growth: The global fish silage market is poised to achieve a market valuation of US$ 780.9 million in 2023, with an estimated growth rate of 10.2% CAGR from 2023 to 2033. By 2033, the market is forecasted to reach a substantial valuation of US$ 2,065.0 million.

Versatile and Sustainable: Fish silage stands out as a versatile feedstuff that is not only cost-effective but also simple to process, boasting a long-term storage life. Additionally, it serves as an environmentally sound solution for disposing of fish waste.

Global Commercialization: While fish silage production is commercialized in Scandinavia, efforts are being made in Canada driven by economic pressures, stringent environmental regulations, and the demand for alternative protein sources.

Strategic Applications: Particularly appealing for small processors facing challenges in fish meal manufacturing, fish silage emerges as a feasible alternative. In remote fishing ports with limited fish waste supply, it serves as a practical option for manufacturing value-added products.

Nutritional Impact: Fish silage, with 15% protein content compared to fish meal’s 65%, is primarily used in animal feed. Notably, it complements fish meals to minimize feed costs, especially in pig farms, where it can be applied directly as a liquid.

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Market Analysis Highlights:

  • The Fish silage market is expected to be valued at US$ 780.9 million by 2023.
  • Global demand is projected to grow at 10.2% CAGR, reaching a valuation of US$ 2,065.0 million by 2033.
  • Wet type holds a significant market share of 89.0%, reaching US$ 1,837.8 million by the end of 2033.
  • The liquid segment is predicted to achieve a market share of 78.0%, resulting in a size of US$ 1,610.7 million by 2033.
  • Increasing application in aquaculture feed, estimated to hold a market share of 56.0%, reaching US$ 1,156.4 million by 2033.

“The Fish silage market is expected to expand due to rising consumer preference for sustainable agricultural practices along with alternative animal feed sources presenting an opportunity to Manufacturers to Innovate More– says a lead analyst at Future Market Insights (FMI)

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Who is Winning?

BioMar Group, Calysta, Inc., Biomega AS, Alltech Coppens, Skretting, Nutreco N.V., Ridley Corporation Limited, Archer Daniels Midland Company, Cargill, Inc., Dibaq A.S. and others (on additional request) are key fish silage manufacturers listed in the report.

These companies are expanding product portfolios, employing strategies like advertising, partnerships, acquisitions, agreements, and mergers to maintain market relevance and drive growth in the fish silage market.

For instance,

  • In November 2021, the Caribbean Agricultural Research and Development Institute (CARDI) and The United Nations Food and Agriculture Organisation (FAO) recently collaborated to offer a virtual Fish Silage for Animal Feed Seminar for stakeholders and 25 participants.
  • In July 2019, Argentina’s government recently hosted a workshop with the St. Kitts and Food and Agriculture Organisation (FAO) and Nevis Marine Resources Division. The project’s goal is to convert unused fish parts into safe and nutritious products for cattle consumption and fertilizer. The idea creates jobs while also assisting in ensuring food security and lowering the food import expense.
  • In March 2021, Iran intends to create three new fish silage production firms in the Iranian year (March 21, 2021 to March 20, 2022), according to Deputy Chairman of Iran Fisheries Organisation Isa Golshahi, according to Trend, quoting the Ministry of Agriculture Jihad.

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Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global fish silage market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

Fish Silage Market by Category

By Type:

  • Dry Silage
  • Wet Silage

By Fish Type:

  • Salmon
  • Tuna
  • Sardine
  • Mackerel
  • Others

By Application:

  • Aquaculture Feed
  • Pet Food
  • Agriculture Feed
  • Others

By Form:

  • Pellets
  • Powder
  • Liquid

By Region:

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

About Future Market Insights (FMI)

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

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Russia Outbound Tourism Market Anticipates a Resounding US$ 66,299 Million Valuation by 2032 | FMI

The Russia outbound tourism market is estimated to reach US$ 27,101 million in 2022. Sales in the market are expected to grow at a robust 9.4% CAGR from 2022 to 2032. It is anticipated to reach a valuation of nearly US$ 66,299 million by the end of 2032.

Russian tourists who travel abroad often choose Turkey as their ideal vacation spot, and one of the most well-liked resort cities in Antalya. Turkey is well-liked because of its easy visa process, affordable costs, and accessibility to all-inclusive vacations.

However, as there are so many affordable package vacations available, Turkey draws more than just travelers who are concerned with costs. The nation draws wealthy Russian travelers due to the abundance availability of top-notch hotels.

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Russian citizens who travel to Turkey for business favor using rental apartments and guesthouses over staying in hotels, despite the fact that most business travelers prefer to do so. Turkey’s natural and historical legacy, as well as resorts, spread out across the nation.

Due to its abundant availability of 5-star hotels and opulent convention facilities, Istanbul serves as a vital hub for foreign investment in Turkey’s economic sector. According to a report by the European Travel Commission, Russians frequently travel to Turkey for shopping or to engage in cross-border trade.

Moreover, according to media reports, airlines have been told not to sell any more tickets to men in the military unless they can provide proof of approval to travel from the Russian Ministry of Defense. To support his military’s combat in Ukraine, the Russian President ordered a partial mobilization to call up as many as 300,000 reservists to active duty. Many Russian airlines and railways had stopped selling tickets to men belonging to the age group of 18 to 65 years, who can be drafted under martial law.

According to the European Union agency Frontex, since Moscow launched its February 24 offensive, more than 1.4 million Russian citizens have entered the European Union (EU) through its land borders. Approximately the same number returned to Russia from the EU during the same time period.

The similarity in the above-mentioned numbers shows that at least some of the journeys were for leisure purposes such as tourism, rather than to settle in the bloc. More than 519,000 crossings from Russia were made into Finland, while among nearly a quarter of those leaving the country for Europe, 360,000, reached Estonia.

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Key Trends:

  1. Destinations of Choice: The report delves into the preferred destinations for Russian outbound tourists, uncovering emerging trends in travel preferences. From traditional European destinations to off-the-beaten-path locations, the report provides a nuanced understanding of the evolving choices of Russian travelers.
  2. Travel Demographics: An in-depth analysis of the demographic profiles of Russian outbound tourists reveals key factors influencing travel decisions. Insights into age groups, income levels, and travel preferences offer businesses and stakeholders a valuable perspective for targeted marketing and strategic planning.
  3. Impact of Global Events: The report explores the influence of global events, such as geopolitical shifts and health crises, on Russia’s outbound tourism. Understanding how external factors shape travel decisions is crucial for stakeholders seeking to navigate the complexities of the tourism market.

Key Players

  • Art Tour
  • ICS Travel Group
  • PAC Group
  • Karlson Tourism
  • Sodis
  • Antik Travel
  • Via Maris
  • Jetlane Travel
  • Euro business Tour Plus
  • Caribbean Club
  • Colors of the World
  • Miracle Tour
  • Finam Travel
  • Tree Travel
  • Sky Club
  • Expedia
  • Trip Advisor
  • Explore
  • G Adventures
  • World Expeditions
  • Others (on request)

Russia Outbound Tourism Market Outlook by Category

By Purpose:

  • Business
  • Leisure
  • VFR
  • Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tour Type:

  • Independent Traveler
  • Tour Group
  • Package Traveller

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 56-65 Years
  • 66-75 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
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Smart Building Solutions Market Sees Remarkable Growth, Expected to Reach US$ 15.6 Billion by 2033 with a Strong 12.5% CAGR

The smart building solutions market is projected to experience consistent growth with a Compound Annual Growth Rate (CAGR) of 12.5% from 2023 to 2033. By 2033, it is anticipated to capture a market share of US$ 15.6 billion, while in 2023, the market is forecasted to be worth US$ 1.35 billion.

The demand for smart building solutions is expected to increase because of the rising need to reduce operational expenses, lower carbon emissions, and address energy resource shortages. Companies like Cisco in the smart building solutions industry offer services that help monitor and optimize energy consumption through energy monitoring.

The need for lower operating cost, lower CO2 emissions, and scarcity of energy resources are the factor that increases the demand for smart building solutions. Energy monitoring is one of the major solutions that help to monitor the energy consumption rate and optimize energy usage.

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As the smart building market comes under the automation and control sector which is rapidly growing it leads to the growth of the smart building solution market which is largely driven by the electronic security & safety segment due to increasing demand for CCTV and biometrics-based security systems in the buildings.

In Heating, Ventilation, and Air Conditioning (HVAC) buildings, increasing the demand for thermostats, zone and climate control, sensors, and keypads which support the growth of the smart building market, while emerging carbon dioxide & combined sensors will have a significant impact on the overall smart building market.

Smart Building Solutions Market: Drivers and Restraints 

The initiatives taken by the government for building automation are the primary drivers in the global smart building solutions market. In addition to this, the concept enables an efficient energy management system of a building which reduces the wastage of energy consumption. Therefore, it drives the demand for smart building solutions.

Furthermore, the connectivity achieved between devices on the internet, with the introduction of IoT, will enhance the overall efficiency of smart building. Henceforth, the introduction of IoT will drive the overall growth of the global smart building solutions market. The ongoing innovation and research for optimizing energy consumption and serving a high degree of automation in buildings represents the increasing demand for the global smart building solutions market.

High installation and manufacturing costs are the major factors restraining the growth of smart building solutions market.

Global Smart Building Solutions Market Trends 

Minimizing the usage of wire and implementing a wireless connection for automation of a building is a key tend followed by major vendors. The trend is majorly implemented in Residential building for integrating various connected devices with each other.

Global Smart Building Solutions Market Technology Regional Overview 

Europe dominates the global Smart Building Solutions market as the government has taken many initiatives in the region, for the same. Europe is expected to be followed by North America and APAC with the increasing awareness in the regions for adopting smart building solutions in their buildings. The availability of resources, innovations in IT and increasing adoption of smart building solutions concept is, furthermore, encouraging new players to step into the market.

Leading Key Players:

  • ABB
  • Siemens AG
  • Intel Corporation
  • Honeywell International Inc.
  • Schneider Electric
  • Legrand SA
  • Panasonic Corporation
  • Building IQ
  • Cisco Systems Inc.
  • DELTA CONTROLS

Recent Developments in the Smart Building Solutions Market

  • Johnson Controls finalized the acquisition of FogHorn, the industry’s top provider of Edge AI software for business and industrial Internet of Things (IoT) solutions, in January 2022.
  • Legrand introduced its Living Now design in September 2021. It is distinguished by its exceptional design purity and the accuracy of its geometries to fit all dwellings. With connected smart systems, it can be implemented to demonstrate its revolutionary possibilities.
  • Hitachi, Ltd. said in December 2020 that it was creating an IoT platform that might provide buildings with the high-added-value necessary for the new normal, including better user comfort and high management efficiency.
  • In September 2021, Legrand launched Living Now, which features extreme purity of design and the precision of its geometries to suit all homes. Installing it with connected IoT systems demonstrated its innovative potential.
  • Hitachi Ltd., in December 2020, announced the development of an IoT platform that brings buildings the high-added-value required for the upcoming normal. This includes high efficiency of building management and improved comfort for building users.

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Smart Building Solutions Market Segmentation:

By Type:

  • Automation Software & Services

By Application:

  • Manufacturing Facilities
  • Residential Buildings
  • Commercial Buildings
  • University
  • School
  • Hospital Buildings
  • Government & Public Infrastructure
  • Others

By Systems:

  • Physical Security Systems
  • Building Energy Management System
  • Building Communication Systems
  • Plumbing And Management Systems
  • Water Management System
  • Elevators
  • Escalator Management System
  • Parking
  • 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Cloud Field Service Management Market is Likely to Record an 11.6% CAGR During the Forecast Period.

According to a survey by FMI, the cloud field service management (FSM) market experienced a 9.5% CAGR from 2018 to 2022, at a value of US$ 2,340.6 million. The overall market is further anticipated to develop at a remarkable CAGR of 11.6% from 2023 to 2033. As per the FMI analysis report, it could reach a valuation of about US$ 7,738.4 million by the end of the forecast period.

The soaring need for real-time field service solutions has largely fueled the recent growth in the overall market. With the adoption of cloud field service management solution technologies, organizations may increase customer satisfaction by offering quick and effective fixes. Such responsiveness has aided the expansion of FSM service providers and the rising use of real-time FSM solutions across a variety of sectors.

Key Takeaways from the Cloud Field Service Management (FSM) Market Study Report

  • The adoption of cloud field service management solutions is greater in the United States than in any other country. As per the report, in 2022, it accrued a business of around 19.9%, while North America accrued 27.6% of the global market share.
  • In the year 2022, all European countries together contributed to a revenue share of almost 20.1% in the global cloud FSM market. Germany was the leading country that year, with a revenue share of 7.1%.
  • The demand for cloud field service management (FSM) solutions in the United Kingdom is anticipated to record a higher 10.5% CAGR through 2033.
  • The overall market is projected to progress at an accelerated rate of 13.4% in China from 2023 to 2033. The adoption of cloud field service management solutions in the Indian market is expected to experience an even higher CAGR of 15.6% through 2033.
  • Based on component type, the inventory cloud field service management solution dominates the overall market and may hold a market share of 30.1% in 2022.
  • Among the different types of services, the segment of integration and migration was leading the market in 2022 with a global revenue share of 49.8%.

Competitive Landscape for the Cloud Field Service Management (FSM) Market Players

Salesforce.Com, SAP SE, Oracle, IBM, ServiceMax, Microsoft, Acumatica, and Astea International, among others, are some leading service providers in the global FSM market.

Leading players now offer cutting-edge algorithms and machine learning capabilities that help improve field service job scheduling. New FSM providers can improve service delivery and guarantee efficient resource allocation by implementing comparable schedule optimization approaches.

Recent Developments by the Cloud Field Service Management (FSM) Service Providers

With the release of the FSM Cloud Connector in March 2023, SAP introduced a revolutionary innovation for Cloud Field Service Management (FSM) service providers. Seamless interaction between FSM systems and SAP’s maintenance service platform precisely addresses the integration requirements of clients employing SAP S/4HANA Maintenance Service.

IFS released a new version of its Field Service Management (FSM) software in February 2023 with features like remote help, asset management, and predictive analytics. The integration of remote assistance tools in IFS’s FSM software offers real-time instruction by utilizing technology like video conferencing and augmented reality.

Leading Key Players:

  • Salesforce.Com, Inc.
  • SAP SE
  • Oracle Corporation
  • IBM Corporation
  • Servicemax Inc.
  • Microsoft Corporation
  • Acumatica Inc.
  • Astea International Inc.

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Key Segments Profiled in the Cloud Field Service Management (FSM) Industry Survey:

By Component:

  • Mobile
  • Inventory
  • Work Order
  • Service Project
  • Other Components

By Services:

  • Consulting Services
  • Integration and Migration
  • Support and Maintenance

By Enterprise Type:

  • Small and Medium Business Enterprises (SMEs)
  • Large Enterprises

By Region:

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

About Future Market Insights (FMI):

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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