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The Railway Sliding Bearing Market Share expected to be worth globally in 2023 is approximately US$ 1,061.1 Million. Furthermore, a 6.4% annual increase rate is expected to propel the worldwide market to nearly US$ 1,973.2 Million by 2033.

Key Takeaways from the Railway Sliding Bearing Market Study

• The USA is the largest market in comparison to any other country and captures a share of nearly 17.3% of global sales. As per the statistics report in 2022, it generated around US$ 178 Mn from the sales of railway sliding bearings.
• China is now the second-largest market in manufacturing and sales of most railway components including sliding bearings. It is expected to follow a CAGR OF 6.8% through 2033 and emerge as a major challenge for the US.
• As a result of many potential railroad interests, India is the fastest growing and is projected to register a CAGR of 5.1% through 2033.
• Japan’s railway sliding bearing market holds 5.6% of the global market share and might reach a valuation of US$ 110.5 Mn by 2033.
• According to the survey report, the market for railway sliding bearing in Australia has emerged noticeably in the last few years. Presently, it contributes around 1.7% of the revenue generated by the market globally and is predicted to reach US$ 33.5 Mn by 2033.
• As the bogie is a fundamental component of all locomotives it constitutes the largest application segment for the market
• Due to its better capability of enduring high temperatures and hostile environments, the metallic sliding bearing segment is projected to keep dominating the market.

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Railway sliding bearing manufacturers are concentrating on creating designs with advanced features including extra stability at greater lightness. Minimal requirements of maintenance and cost-effectiveness of railway sliding bearings are also considered by the manufacturers.

Consequently, global railway sliding bearings market participants are concentrating their resources on R&D activities in order to attain the same. Maglev train networks have started to take over in recent years hinting there would no longer be a need for any type of railway bearings. In this regard, RCT bearings are impressively gaining popularity amongst end-users and OEMs because of their capacity to function in certain conditions.

Competitive Landscape for the Railway Sliding Bearing Market

Some of the key players in the sliding bearing market are Schaeffler (Germany), SKF (Sweden), NTN Corporation (Japan), Minebea Mitsumi (Japan), Timken (US), GGB Bearing (US), THK (Japan), Fujian Longxi Bearing Company Limited, RBC Bearings Incorporated, and Saint-Gobain Performance Plastics Pampus GmbH among others are the market participants profiled in the research for the global railway sliding bearing market

Continental adopted the strategies of collaboration and new product development to retain its leading position in the market. SKF adopted supply contracts as a key strategy to sustain its market position.

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Recent Developments in the Railway Sliding Bearing Market Industry

• Advanced Truck Systems (ATS) and SKF started working together in March 2019 to create solutions to lower the life cycle costs of rail freight. In order to decrease on-track breakdowns and facilitate predictive maintenance, both decided to work together on a new 2-piece bogie system with high-capacity wheel bearings.
• The Consolidated Rail Infrastructure and Safety Improvements (CRISI) Program of the US provided funds totaling $248.5 million in March 2020. This investment is anticipated to stimulate the market since sliding bearings indirectly affect the safety of railway rolling stocks and services.

Key Segments

By Bearing Type:

• Linear bearing
• Thrust bearing
• Radial bearing
• Angular contact bearing
• Other bearings

By Material:

• Metallic
• Non-metallic

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By Application:

• Engine
• Brakes
• Bogie
• Interior
• Exterior

By Railway Type:

• Locomotive
• Diesel Multiple Unit (DMU)
• Electric Multiple Unit (EMU)
• Coach
• Wagon
• Light and Metro rail
• High-speed train
• Others

By Region:

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

About Future Market Insights (FMI) 

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

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The USA Child Resistant Bottles Market has experienced substantial growth due to increased safety concerns for children. This market offers a wide range of child-resistant packaging solutions, catering to pharmaceuticals, household chemicals, and cannabis industries. Stringent regulations and growing awareness of child safety have driven the demand for these specialized bottles.

Future Market Insights’ recent study underscores the global growth of the child-resistant bottles market, driven by design-level innovations aimed at enhancing child resistance without compromising consumer usability. The potential of child resistant bottles is underscored by their suitability for diverse products, emphasizing convenience, increased productivity, resilience during disruptions, cost-effectiveness, improved customer experience, prolonged shelf life, positive employee experience, revenue and profit growth, and business model innovation.

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In the modern landscape, packaging plays an integral role due to its contributions to convenient transportation, efficient storage, and the consumer’s heightened preference for secure packaging. Notably, the rise of child-resistant bottles underscores the significance of safety-focused solutions. These bottles are gaining prominence as they address the crucial need to prevent children from easily accessing the contents, while remaining user-friendly for adults.

This research highlights the expanding role of child resistant bottles in shaping packaging solutions that prioritize safety, convenience, and adaptability, aligning with evolving consumer and industry demands.

For instance, in October 2021, Berry M&H announced its plans to introduce a child-resistant (CR) Certified bottle and closure combination, which it says will provide “safe and secure” packaging for a range of applications including healthcare and household cleaning products. The child resistance protection is certified according to ISO standards. The company says the bottle range was tested and approved to BS EN ISO 8317:2015.

The new CR Certified Pack contains the company’s 500ml PET Single Grip Bottle and its 28mm Deep Non-Vented R4 Clic-Loc cap with EPE42 liner. Berry M&H’s new bottle offers customers child protection properties for industries such as cleaning and DIY, with the company identifying disinfectant, antiseptics, white spirit, sugar soap, and paintbrush cleaners as some of the products that can be stored inside.

Key Players: 

• Berk Company, LLC
• Amcor Ltd.
• Berry Plastics Group, Inc.
• Gerresheimer AG
• Alpha Packaging
• Berry Plastics Group, Inc.
• AptarGroup Inc.
• Pretium Packaging Corp.
• Tim Plastics Inc.
• Comar LLC

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The road ahead

The advancement in pharmaceutical drug formulation processes, coupled with the ever expanding variety of drugs will continue to create absolute need for special packaging, to ensure total reduction of accidental ingestion cases. The global child resistant bottles market will be influenced by further amendment in existing regulations, in accordance with advancement in drug formulations. Therefore, the global child resistant bottles market is expected to have a positive outlook over the forecast period.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Segmentation

On the basis of material,

• Metal
• Stainless Steel
• Aluminium
• Others
• Plastic
• HDPE
• LDPE
• PET
• PP
• Others

On the basis of capacity,

• < 600 ml
• 600 – 750 ml
• 750 ml – 1,000 ml
• 1,000 ml – 2,000 ml
• >2,000 ml

On the basis of end-use,

• Pharmaceuticals
• Chemicals
• Beverages
• Others

About Future Market Insights, Inc.

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

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

According to estimates released by FMI, the CAGR for the global fresh food packaging market is expected to be 3.88% on average throughout the forecast year. In 2023, the market is expected to be worth US$141.36 billion. By the year 2033, it’s expected that the fresh food packaging market would be worth more than US$ 206.85 billion. For the relevant market during the base year, Future Market Insights researchers calculated a historical market valuation of US$ 131 billion.

FMI has analyzed that there is a high demand for organic food amidst the urban population due to the benefits imparted by the same. Higher levels of food safety and longer shelf life of the food in fresh food packaging solutions are some of the key reasons fostering the growth of the market in 2023.

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In addition to that, there are large numbers of food service operators emerging across developing economies, making significant contributions to augmenting the growth of the market. Fish, meat, poultry, seafood, fruits, and vegetables are being stored in the containers for extending their shelf life and convenience of handling while transiting.

However, it is anticipated that the stringent regulations by governments across developing regions on the use of plastics are likely to impede the growth of the market. The fresh food packaging industry is estimated to get affected by the operational tax affairs through 2033.

Key Takeaways from the Fresh Food Packaging Market

• The fresh food packaging market has witnessed an approximate rise of US$ 10.36 Billion from the base year to the current.
• The Rigid Packaging system by packaging type category is estimated to hold the largest shares in 2023. The segment accounted for 52.4% of revenue shares in 2022.
• The dairy products segment accounted for the highest revue share in the application category. At present, the segment is holding 29.3% shares in 2023.
• The fresh food packaging market is likely to foster at a moderate pace in Korea, registering a CAGR of 4.43% In 2023.

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“Introduction of smart and intelligent packaging solutions is likely to cede a silver lining for fresh food packaging manufacturers in the years to come.” – Says an FMI Analyst.

Competitive Landscape in the Fresh Food Packaging Market

Due to the existence of numerous international and regional companies, the market for fresh food packaging is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world. Therefore, the fresh food packaging market is projected to register significant growth through the forecast period.

Grupo Lantero, Infia Srl, Sonoco Products Company, Huhtamaki, And Clondalkin Group are some of the key players in the market.

Recent Developments

• In 2021, Amcor launched a 1-liter container bottle of fresh milk. This bottle is made up of 20% transparent post-consumer recycled polyethylene terephthalate which is likely to increase the sustainability of the product
• In March 2021, a Sweden-based Company AR Packaging launched its one-piece barrier carton board tray, which can be used for fresh fruits and vegetables, along with mushrooms, herbs, and seeds.
• In 2020, Amcor PLC, partnered with Moda, a New Zealand-based company for providing innovative packaging solutions in North and Latin American regions.

About Future Market Insights, Inc.

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

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The hempseed milk market size is expected to grow at a CAGR of 7.7% in the forecast period from 2022 to 2032. The market is projected to reach a valuation of US$ 236.4 Million by 2032 from US$ 112.8 Million in 2022.

Plant-based foods are both healthier and safer to consume than animal-based foods. The growing popularity of veganism around the world is driving the hempseed milk market. The expanding appeal of hempseed milk among consumers, as well as the product’s adaptability in a variety of uses, are also factors in its increased adoption.

Hemp milk has been linked to a variety of health advantages, including enhanced heart health and decreased inflammation. Hempseed milk is high in protein, vital fatty acids, vitamins, and minerals, making it an excellent choice for individuals seeking a nutritious alternative to cow’s milk.

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Studies have shown that hempseed milk can help lower cholesterol levels and reduce inflammation, both of which are risk factors for heart disease, which has led to the growing consumer preference for hempseed milk. These factors would, in turn, accelerate the hempseed milk market in the next decade.

Another factor driving the sales of hempseed milk is its various health benefits. Hempseed milk can improve heart health, reduce inflammation, and boost immunity. Additionally, it is considered to be a good source of vitamins and minerals, making it a nutritious choice for those looking for an alternative to cow’s milk. To keep up with numerous trends in the hempseed milk market, several manufacturers are developing novel ways to incorporate their product into various processed foods.

Key Takeaways: Hempseed Milk Market

• India currently holds a hempseed milk market share of around 31.0% in South Asia.
• By flavor, the regular hempseed milk segment is expected to generate a global market share of about 76.9% in 2022.
• The vanilla hemp seed milk segment is set to account for nearly 34.3% of the global market share in 2022.
• During the forecast period, the hempseed milk market in the U.K. is expected to grow at a rapid CAGR of 13.2%.
• During the forecast period, the France hempseed milk market is expected to grow at a high CAGR of 8.2%.
• The U.K. hempseed milk market is set to generate a lucrative share of about 29.4% in the next decade.

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“Hempseed milk is a versatile ingredient that has a wide array of applications, right from bakery products to foodservice industry. With rising health awareness and increasing cases of lactose intolerance, consumers are rapidly shifting towards hempseed milk owing to its organic, natural, and plant-based characteristics,” says a lead analyst at Future Market Insights.

Competitive landscape: Hempseed Milk Market

Top 5 manufacturers of hempseed milk are SunOpta, Pacific Foods of Oregon, Living Harvest Foods, Manitoba Harvest Hemp Foods, and Z-company Bizerba. They are currently holding about 20% to 30% of the global hempseed milk market share.

Many companies are using hempseed milk in their products as it is a nutritious and environmentally friendly option. Hempseed milk is high in protein, essential fatty acids, and minerals. It is also low in calories and cholesterol. These factors make hempseed milk an ideal choice for many health conscious consumers. With increasing research & development activities and technological advancements, key players are finding new techniques to effectively use hempseed milk in the bakery industry.

Get More Valuable Insights in Hempseed Milk Market Report

Future Market Insights, in its new offering, provides an unbiased analysis of hempseed milk presenting historical demand data (2016-2021) and forecast statistics for the period from 2022-2032.

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The study provides valuable insight on the hempseed milk market based on flavor (flavored hemp seed milk [vanilla hemp seed milk, chocolate hemp seed milk, and unsweetened vanilla hemp seed milk] and regular hemp seed milk), application (food process industry [bakery products, beverage industry, functional food products, and convenience food products], foodservice industry, nutraceutical industry, retail / household, and others), and distribution channel (business to business, business to consumer [hypermarkets/supermarkets, specialty stores, and online retail]) across major regions.

About Future Market Insights (FMI)

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