Convenient Packaging Solutions Fuel United States Aluminum Aerosol Cans Market, Achieving a 4.0% CAGR and US$ 1.6 Billion Valuation

Aluminum Aerosol Cans Market

The United States takes center stage in the aluminum aerosol cans market, projected to achieve a robust 4.0% compound annual growth rate (CAGR) with a valuation of US$ 1.6 billion during the forecast period. The driving force behind this growth is the increasing consumer spending on cosmetic brands, largely attributable to the high standard of living in the country. Additionally, the market benefits from the booming automotive sector, ongoing research and development activities, and the presence of key industry players that collectively propel the United States to the forefront of the aluminum aerosol cans market.

The adoption of aluminum aerosol cans is on the rise, driven by their flexible and convenient packaging applications across various end-use industries. Furthermore, manufacturers are actively developing sustainable and eco-friendly packaging solutions to mitigate toxicity concerns and strengthen the market’s position in the country. Consequently, the market experiences an upsurge in opportunities, bolstered by evolving trends, advanced technologies, and government support for the promotion of aluminum aerosol can recycling.

Notably, in 2019, the United States Environmental Protection Agency introduced a new initiative centered around recycled aerosol cans. This initiative not only encourages the recycling process but also contributes to reducing the volume of waste destined for landfills, aligning with sustainable and eco-conscious practices.

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The Global aluminum aerosol cans market is projected to secure a valuation of US$ 4.4 billion in 2023 and is anticipated to rise to US$ 7.1 billion by 2033. The market is registering a CAGR of 4.8% during the forecast period.

Growing urbanization, increasing population, changing lifestyle, and rising disposable income propels the market growth. The end-user industries such as industrial, cosmetic & personal care, automotive, and household products are driving the market expansion. The adoption of aluminum aerosol cans to store hair & skincare products, including shampoos, creams, sanitizer, and lotions, are flourishing the industry size.

Food manufacturers are raising the demand for aluminum aerosol cans to store topping cream and foam, driving the market size. Rapidly growing automotive paint, polish, and spray are surging the market expansion. Moreover, raising awareness about hygienic, eco-friendly, and convenient packaging propels industry growth.

The manufacturers adopt innovative technologies to produce premium quality and 100% recyclable aerosol cans. They develop light-weighted, long-lasting, and cost-effective products that are surging market opportunities during the forecast period. The different types and designs of aluminum aerosol cans developed by manufacturers for the aesthetic look bolstered the market size.

Key Takeaways:

  • The aluminum aerosol cans industry is expected to register a valuation of US$ 7.1 billion by 2033.
  • With a CAGR of 4.8%, the global market is increasing during the forecast period.
  • The market in the United States is anticipated to record a CAGR of 4.0% through 2033.
  • With a CAGR of 3.6%, the United Kingdom aluminum aerosol cans industry significantly uplifts during the forecast period.
  • The China market is expected to register a CAGR of 8.5% over the forecast period.
  • France market is likely to capture a CAGR of 6.8% by 2033.

Who is Winning?

A few of the key players fragment the market in the global market. These industry players play a crucial role in the global market by innovating products through advanced sustainable technology. In addition, market vendors invest in research & development activities to acquire maximum profit in the market.

The market players are focused on recyclable aluminum aerosol cans to reduce wastage. Through distribution channels, including online, retail shops, and others, the players increase the sales of their innovative products by attracting consumers’ attention. The high quality and non-hazardous packaging products advance the market to another level. The marketing methodologies adopted by these players are mergers, collaborations, acquisitions, product launches, and partnerships.

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Other Key Players in the Market are:

  • Ball Corporation
  • Crown Holdings, Inc.
  • Alucon PCL
  • CPMC Holdings Ltd
  • Kian Joo Can Factory Bhd.
  • CCL Industries Inc.
  • Nampak Limited
  • China Aluminum Cans Holdings Ltd.
  • BWAY Corporation
  • Toyo Seikan Group Holdings Ltd
  • Linhardt GmbH & Co KG
  • Montebello Packaging Inc
  • Euro Asia Packaging (Guangdong) Co., Ltd

Recent Developments:

  • In May 2020, the Swiss packaging companies Beiersdorf and Nussbaum announced their new product launched aerosol cans made from 100% recyclable aluminum.
  • In January 2019, an aluminum aerosol packaging leader Ball Corporation announced its new launch of a 360-degree aerosol Can in Paris. Through this product, the company expands its business portfolio in rigid packaging across the globe.
  • In March 2021, a leading beverage company Damm achieved ASI (Aluminum Stewardship Initiative) and a Chain of Custody Standard certificate for their cans.

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Market by Category

By Capacity Type:

  • Less than 100 ml
  • 100 to 250 ml
  • 251 to 500 ml
  • More than 500 ml

By Product Type:

  • Shaped Wall
  • Necked In
  • Straight Wall

By End-use Industry:

  • Cosmetics & Personal Care
  • Household Products
  • Automotive/Industrial
  • 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.

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Future Market Insights Inc.
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T: +1-845-579-5705
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North America Leads Global Vending Cups Market with Anticipated Valuation of US$542.7 Million by 2033

The North American market is poised to lead the global vending cups market, with a projected valuation of US$ 542.7 million from 2023 to 2033. This dominance can be attributed to the region’s increasing number of events, including popular sports events like football and cricket, as well as a rising trend of social gatherings. Furthermore, the high consumption of on-the-go beverages in North America plays a crucial role in driving the demand for vending cups.

The United States boasts the largest installed base of beverage vending machines, with a remarkably high density of these machines present in various settings, such as cafeterias, corporate offices, and food service outlets. This widespread deployment results in a substantial and sustained demand for vending cups in the region.

In the Asia Pacific, the growth of beverage vending machine installations is also noteworthy, with China emerging as a prominent market for vending cups, closely followed by India. The introduction of innovative hot beverage vending machines for tea and coffee distribution is a significant factor propelling the vending cups market in the Asia Pacific, reflecting the region’s dynamic growth in this sector.

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The Global Vending Cups Market is estimated to grow from US$ 2.2 billion in 2023 to US$ 3.1 billion in 2033. In recent years, there has been increasing demand for vendor cups due to a growing demand for hot beverages and other packaged beverages, coffee, and tea in public spaces.

Throughout the forecast period, the vending cups market is estimated to be driven by increased consumption of premium hot beverages in retail stores, institutional services, offices, coffee shops, and other sites. Coffee was the most popular beverage, according to studies, with over two billion units sold throughout forecast period.

Water finished second with 722 million units, while sweet snacks finished third with 323 million units, outnumbering salty snacks. Furthermore, throughout the forecast period, the vending cups market is likely to be propelled by the increasing installation of beverage vending machines in cafés and coffee shops.

 Key Takeaways from the Vending Cups Market:

  • Vending cups market is expected to hold a CAGR of 3.2% during the forecast period 2023 to 2033.
  • One of the significant factors increasing the sales of vending cup across the region is the growing demand for vending machine in public spaces.
  • North America dominated the vending cups market.
  • The United States vending cups market is projected to grow at US$ ~492million by the end of 2028

 Key Developments in the Vending Cups Market:

  • March 2017 – Huhtamaki invested in the establishment of a new Greenfield paper cup manufacturing facility in Kiev, Ukraine. With local production, the investment seeks to service and expand in local and global clients.
  • January 2021 – Various members of the Vending & Coffee service Association Switzerland inspected the company’s Recycling management of vending cups. The company represented the vending sector’s test sorting system and the “Cup to Cup” recycling idea. CribMaster introduced Flip Top, a new vending machine intended particularly for high-value tools and accessories, in May 2021.
  • August 2020 – Supply Point introduced Roto point, a new 54-column drum with increased capacity for MRO and PPE products to improve inventory management.
  • July 2020 – Supply Pro made contact tracing available on its advanced inventory control systems by incorporating recent changes to Supply System Intelligent Software, allowing customers to conduct a Contact Tracing Report.
  • February 2022 – Neon, an NFT and digital collection platform, unveiled the world’s first NFT vending machine in New York City’s Financial District. According to the business, the vending machine is going to allow customers to acquire digital collectibles or NFTs using fiat currencies, debit, and credit cards.
  • September 2021 – Glory, a worldwide technology business, announced the debut of a new Internet-of-Things-enabled vending solution in collaboration with Deutsche Bahn, Germany’s largest railway operator. The company’s most recent solution mixes IoT-enabled hardware with cloud-based software to allow passengers to choose products either in advance via a web app accessible via their smartphone or directly at the machine.

In terms of value, FMI also forecast a dip in the Year-on-Year growth rate as more and more nations implement stringent laws circling ‘single-use plastic’ policy.
“Plastic consumption has remained a critical issue, impacting the overall food chain and public health.

However, several global initiatives are being taken by Governments- both in emerging and developed markets to reduce or completely eliminate the sales and consumption of single-use plastics-with a key focus on plastic cups, bags, and straws, amongst other commodities.

Vancouver, for instance, in its effort to ban all solid waste by 2040, has banned plastic straws. The nation has also moved a motion-to be in effect from June, 2019-to ban the distribution of takeout containers and foam cups. India, in 2017, took a major step towards banning all forms of single-use plastic. European Union, too, through its new plans, is expected to reduce the consumption of single-use plastics and microplastics by 2030.
FMI anticipates that growing public consciousness of sustainability and waste issues will remain a critical factor, suppressing the demand for vending cups. Such developments in the market could strike a significant blow to market growth, considering plastic still accounts for over 27% of the global vending cups market, by material”, explains a senior research analyst at the company.

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Strategy Analysis through Competition Tracking
The global vending cups market showcases an extremely fragmented-high competition landscape, with the small, tier-3 companies accounting for the largest market share. Tier 3 companies dealing in vending cups such as Dispo International, SwissPrimePack, and Benders Paper Cups receive most of their revenue through aggressively defending their product portfolios.

Other key insights from competitive landscape analysis include:

*Tier-3 companies in the global vending cups market account for a major share of the market, contributed to nearly 60 percent of the total global market share.
*Tier-2 players, including RPC Tedeco Gizeh and International Paper Company, contributing, falling under the 1-2.5 percent revenue share bracket, are anticipated to account for nearly 16-20 percent of the total vending cups market
*Tier-1 companies, Huhtamaki Oyj, Coveris Holdings S.A., New WinCup Holdings, Inc., and Nupik-flo UK Ltd.-sharing a revenue bracket of above 2.5 percent, are estimated to hold a total of 20-25 percent of the vending cups market share.

However, larger vending cups companies are projected to have relatively stronger clout with suppliers and therefore, less alarmed by the pricing issue than smaller operators, considering competitive pricing remains a vital factor for vending cups manufacturers.

As a part of their differentiation strategy, participating companies in the vending cups landscape are focusing on the increasing their profit margin through value-added product portfolio expansion.

Some other companies, including Nupik-flo UK Ltd and Huhtamaki Oyj are concentrating their efforts on enhancing its custom offerings-with key focus product design and consumer appeal.

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Production capacity expansion through strategic mergers and acquisitions among vending cups manufacturers looking forward to achieve global market presence.

For instance, Huhtamaki Oyj’s recent acquisitions Ajanta packaging and CuPrint are aimed at expanding its existing capabilities. Moreover, in as a part of its expansion plan, the company is also to increase Finland’s plant capacity and recent expansion of Alf plant in German.

Advancements in technology such as 3D printing tools and manufacturing tools have been introduced by vending cups manufacturers to improve product efficiency and packaging quality of vending disposable cups.

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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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United States to Maintain Dominance in Global Fiber Drum Market, Forecasted at $239.2 Million by 2033 with 4.2% CAGR

The United States is poised to maintain its dominant position in the global fiber drum market, with an estimated market size of US$ 239.2 million by the end of the forecast period in 2033, exhibiting a solid compound annual growth rate (CAGR) of 4.2% from 2023 to 2033. This continued leadership is attributed to the country’s thriving chemical sector, which is driving a substantial demand for fiber drum barrels.

Notably, prominent chemical producers like Dow, DuPont, and others have established a strong presence in the United States, further fueling the need for efficient and reliable methods of chemical transportation. The widespread adoption of round fiber drums in the United States and Canada is due to their eco-friendly characteristics and their ability to provide uncontaminated protection for transported goods, including the country’s food products, which are often packed in square or round fiber drums.

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The Global fiber drums market is likely to be worth US$ 1.1 billion in 2023, with a CAGR of 5.7% from 2023 to 2033. The fiber drums industry is expected to reach US$ 1.80 billion by 2033.

Demand for Lightweight Bulk Containers is growing

The expanding retail industry and increasing preference for lightweight bulk containers are the two significant factors influencing the fiber drums market. Fiber drums are 100% recyclable and it is their leading benefits.

The adoption of fiber drums used to transport and store liquid goods like adhesives and dyestuff can have their interiors lined with a variety of coatings or insoluble materials like silicon, polyethylene, or polyester. Two essential tests—the drop test and the stacking or compression test—are used to assess the performance and quality of a fiber drum.

End-use Industry Demand is Swelling

Fiber drums are widely utilized in a wide range of end uses and applications, including medicinal, food and beverage, sanitary chemicals, paints, adhesives, and a variety of other chemicals. Distinct end-use sectors have different needs; for example, the food and beverage segment requires FDA-compliant containers, which round fiber drums can meet.

New manufacturing technologies enable the insertion of internal and external liners, increasing resistance and performance for a wide range of new applications. For less-weight and lower-volume items, square fiber drums are also available.

Both designs and styles are acceptable for packing hazardous solids and are UN-approved. Numerous end customers favor fiber drum barrels over alternatives because of their inexpensive price. During the forecast period, the chemical industry is anticipated to command a sizable fiber drums market share.

Regional Assessment:

Asia-Pacific region has the leading fiber drums market share throughout the projection period due to the presence of an increasing number of manufacturing units and emerging economies in countries such as China, India, Australia, and Indonesia.

These are the countries that export packaging materials as well as fiber drum packaging all over the world. Due to low labor costs and the availability of native raw materials in this region, manufacturers prefer this manufacturing unit for the packaging sector.

Key Takeaways: 

  • From 2023 to 2033, the metal closure category may expand at a CAGR of 5.7% by closure type in the fiber drums market.
  • The food and agro-allied industry category might develop at a CAGR of 5.9% from 2023 to 2033, according to the end-user segment.
  • Between 2023 and 2033, China market might expand at a CAGR of 6.8%, reaching US$ 346.8 Million.
  • By 2033, Japan fiber drums market may have increased at a CAGR of 5.6%, reaching US$ 96.6 million.
  • By 2033, the United States market is anticipated to record a CAGR of 4.2% and reach US$ 239.2 Million.
  • By 2033, Canada market can have grown at a CAGR of 4.9%, reaching US$ 92.6 million.
  • Germany fiber drums market could have expanded at a CAGR of 4.8% by 2033 and may have amounted to US$ 94.5 Million.

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Competitive Landscape:

The presence of local players, followed by international firms, has helped to consolidate the fiber drums market, which has contributed significantly to market growth.

A few significant fiber drum manufacturers include Greif Inc., Abzac Corporate, Great Western Container, Fiberstar Drums, Schutz Container Systems, CL Smith, Industrial Container Services, TPL Plastech, Sonoco Product, Three Rivers Packaging, Enviro-Pak, Mauser Group, Orlando Drum & Container, and others.

The key competitors are utilizing a variety of fresh tactics to control the market, such as expansions, acquisitions, and partnerships, which are boosting the demand for fiber drums on a global scale.

Intercontinental Trade of Industrial Products to Boost Demand for Fiber Drums

Growth in demand for fiber drums is expected to result from expanding intercontinental trade. This is likely to boost the demand for shipping and packaging industry, consequently raising the uptake of fiber drums as packaging solution.

Vendors in the fiber drums market have consistently worked on improvement in product design and value creation for end user. Since, global trade of industrial products has also increased three fold during the past decade, it necessitated industries such as bio-chemical manufacturers, food grade ingredient manufacturers, and pharmaceutical companies etc. to use fiber drums to reduce their carbon footprint.

Demand is also anticipated to be driven by widened use of large, layered fiber drums which ensures increased performance and are also economic in terms of drums made with materials such as metal and plastic. The adequate sealing of these drums with metal makes them an ideal choice for shipping across rough seas. The increasing performance of lightweight bulk containers such as these drums has strengthened the scope of their usage.

“The challenges associated with recyclability of fiber drums is building infrastructure to manage increased recycling and segregation of substrates such as closure lids or polyethylene lining to prevent leakages. Ensuring these steps before recycling the fiber drums would ensure that they never end up in a landfill or dump. This involves strengthening and developing more advanced recycling technologies. One-time investment in recycling is expected to result in a long-term benefit for vendors in the fiber drums market,” says an FMI analyst.

Impact of COVID-19 on Fiber Drums Market

The COVID-19 pandemic undoubtedly has led to massive disruptions in the market with shortage of raw material, fractured supply chains. The packaging industry highly depends on related industries for its sales and revenues. Thus, with every other industry taking a hit, the fiber drums market is also seen a decline in sales in Q1-Q2 2020.

Fiber drums manufacturers, will need to adapt with the global pandemic, which is forcing manufacturers to look for contingency plans and understand the vulnerabilities associated with the supply chain. This might result in reducing dependencies on any one country and increasing preference for domestic players for the need of raw materials. In the long run this could also boost local economies, create jobs, and reduce cost of raw materials.

The fiber drums market is largely dependent on demand from end use industries such as chemical Industry, food & agro-allied industry, pharmaceutical industry, building & construction industry and others. In the coming days, as supply chains restore, demand for food & agro allied and pharmaceutical industries will witness a high demand owing to food security issues and increasing number of patients with COVID-19 and otherwise.

These two types of demands are projected to drive the fiber drums market as shipping these on urgent basis will be national priority. Ensuring pharmaceuticals and food reaches the end user in a non-contaminated and intact manner will play a critical role in the deciding the success of this market.

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Fiber Drums Market Landscape

Grief Inc., Sonoco Products Company and Mauser Group N.V. are the top players operating in the fiber drums market. Furthermore, C.L Smith Company, Schutz Container Systems, Inc., Orlando Drum & Container Corporation, Industrial Container Services, Inc. Patrick J. Kelly Drums, Fibrestar Drums Limited, Milford Barrel Co Inc. and Enviro-Pak, Inc. are prominent players in the fiber drums market. The Tier 3 players hold 4/5th market share in the global fiber drums market. In conclusion, key players contribute almost 1/5th of the global market.

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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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Rising Demand for Personalization Spurs Growth of Direct-to-Shape Inkjet Printers in the U.S., Set to Dominate North America

Direct-to-Shape Inkjet Printers Market

Highly effective promotional campaigns that offer personalized and customized products are playing a pivotal role in driving the demand for direct-to-shape inkjet printers in the United States. According to an analysis by FMI, the U.S. is poised to dominate North America, accounting for a substantial 85% of total sales until 2030. This dominance is propelled by the captivating packaging trends that focus on decorative substrates with intricate shapes and curvature, encompassing items like bottles, jars, cups, and cans, crafted from various materials such as glass, plastic, cardboard, and metals.

In response to shifting consumer preferences and a significant cultural transformation, direct-to-shape printers are expected to experience significant growth in the U.S. This growth is facilitated by technological advancements and the evolving demand for personalized and eco-friendly printing practices.

The surge in mass customization within the United States is expanding the horizons of branding. Direct-to-shape printers enable brands to launch highly effective promotional campaigns that cater to the individual preferences of consumers. These printers allow brands to efficiently and cost-effectively conduct trials for new product printing, tailoring production to align with customer choices.

As the demand for digital printing applications continues to grow, and inkjet technology gains popularity for printing directly onto finished products, the production throughput is set to increase significantly. This, in turn, will drive the demand for direct-to-shape inkjet printers in the U.S., as businesses seek to meet the growing need for customized and personalized products.

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The Global Direct-to-Shape Inkjet Printers Market showcases promising growth prospects, with an estimated value of USD 3.8 billion in 2022, projected to surge to USD 6.6 billion by 2030, guided by a robust 7.2% CAGR between 2022 and 2030. Constituting around 7.3% of the global inkjet printers industry worth USD 52.1 billion in 2022, this sector is a notable contributor to the printing industry.

Future Market Insights (FMI) analysis underscores a prospective 1.9 times expansion during the forecast period, generating attractive investment avenues for manufacturers. The North American region is poised to lead the way, boasting a significant 27.1% industry share in 2022. FMI’s projections also indicate a promising 6.5% year-on-year growth between 2022 and 2023 in global consumption of direct-to-shape inkjet printers. Plastic substrates and solvent-based inks are expected to emerge as key drivers, further enhancing the market’s growth trajectory.

The superior blending of colors, high-quality printing, good printing speed, and compatibility with multiple substrate types such as glass, metal, and plastic among others, make DTS inkjet printers a far better choice than traditional printers. Additionally, DTS inkjet printers help in manufacturing cost reduction by eliminating the need for costly labels. DTS inkjet printers increase efficiency, reduce material expenses, elevate cost-effectiveness, can carry out mass customization, and have environmental benefits.

Growing demand for products with complex designs and customized goods also propels the sales of DTS inkjet printers in the global market. Furthermore, the use of UV curable inks, prevents print quality degradation due to exposure to UV rays, by direct-to-shape inkjet printers is expected to propel the market over the forecast period. All these factors are expected to expand the market for direct-to-shape inkjet printers during the forecast period.

“Rising drive for sustainability and the DTS inkjet printers’ ability to meet this demand due to the use of eco-friendly inks will supplement the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Solvent-based ink type in the direct-to-shape inkjet printers industry is expected to register a CAGR of 9.6%
  • Bottles will account for nearly 26.6% market share in the application category
  • Direct-to-Shape inkjet printers account for 7.3% of the inkjet printers’ value of US$ 52.1 Bn.
  • North America is estimated to dominate the industry with a share of 27.1% in 2022.
  • East Asia’s direct-to-shape inkjet printer market will continue growing at a healthy rate of 8.8% market through 2032.
  • South Asia will exhibit a robust CAGR of 9.6% over the forecast period.
  • Europe is anticipated to record a 23.4% growth rate in the market through 2032.

Competitive Landscape

Xerox Corporation, Heidelberg USA, Inc., Mimaki Europe B.V., Xaar plc, Koenig & Bauer AG, Tonejet Limited, Velox Ltd., Epson America, Inc., INX International Ink Co., Roland DG Corporation, LogoJET, DMPS CO.LTD., Azonprinter d.o.o., Sun 3D Corporation, SelectedJET, and others are the some of the manufacturers of direct-to-shape inkjet printers profiled in the full version of the report.

Key players in the global direct-to-shape inkjet printers market are engaged in novel product launches, expansion, strategic acquisitions, and partnerships. Sustainability is another concept that these manufacturing facilities intend to focus on in order to gain a competitive edge.

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More Insights into the Direct-to-Shape Inkjet Printers Market Report

In its latest report, FMI offers an unbiased analysis of the global direct-to-shape inkjet printers market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and range, the market is segmented based on ink type (solvent-based, water-based, UV curing link), substrate type (plastic, glass, metal, paper, wood, fabric), application (bottles, cans. Drums, tubes, folding cartons, & others), end use (food, beverages, pharmaceuticals, cosmetics, personal & home care, chemical, & others), and region.

By application, bottles are expected to dominate the direct-to-shape inkjet printers market for the forecast period. Estimated to account for nearly 26.6% of market share, bottles are considered absolute barriers which avoid the risk of ink migration. The food and beverages sector much prefers bottles for packaging.

Solvent-based ink type is fade-proof, scratch-resistant, and waterproof. These properties aid market domination of this ink type. It is expected to exhibit a CAGR of 9.6% during the assessment period.

North America is expected to lead the market in terms of region. This is primarily due to the prevalent packaging trends in the U.S.

Direct-To-Shape Inkjet Printers Market By Category

By ink type:

  • Solvent Based
  • Water Based
  • UV Curing Inks

By substrate type:

  • Plastic
  • Glass
  • Metal
  • Paper
  • Fabric
  • Wood

By application:

  • Bottles
  • Cans
  • Drums
  • Tubes
  • Folding Cartons
  • Others (Bags, Trays etc.)

By end use:

  • Food
  • Beverages
  • Pharmaceutical
  • Cosmetics
  • Personal Care & Homecare
  • Chemical
  • Others (Automotive, etc.)

By region:

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

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Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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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E-commerce Boom Drives HDPE Bottle Market Expansion in France, Capturing 3.3% Global Market Share

HDPE Bottles Market

In France, the flourishing e-commerce sector has provided a significant boost to the HDPE bottle market. Accounting for 3.3% of the global HDPE Bottle industry share in 2023, the country has harnessed the durability and damage resistance of HDPE bottles, making them a preferred choice for online sales. French businesses are utilizing HDPE bottles as a versatile canvas for innovative packaging designs and branding, catering to customers who appreciate distinctive and visually appealing packaging. Additionally, France’s expanding pharmaceutical and healthcare industries, driven by an aging population and increased healthcare expenditure, are fueling the demand for HDPE bottles in pharmaceutical packaging, contributing to market growth.

Meanwhile, in Germany, the implementation of stringent packaging waste legislation, including the Packaging Act (VerpackG), places extended producer responsibility (EPR) on businesses. Producers are held accountable for the entire lifecycle of their packaging materials, promoting the use of recyclable and eco-friendly options like HDPE. Germany’s Pfand system, encompassing HDPE bottles, establishes an effective deposit return system for beverage containers. This system incentivizes recycling and proper disposal by offering customers reimbursements for returning empty bottles, fostering sustainable practices and bolstering market growth in the country.

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The global HDPE bottles market, valued at USD 55.8 billion in 2022, is on a trajectory to reach USD 67.2 billion by 2028, exhibiting a steady 3.1% CAGR. Anticipated to grow by 2.8% in volume over the same period, the market showcases robust expansion prospects. The Asia Pacific region is poised to dominate, capturing over 40% of the market share in 2022. Notably, the Mexico HDPE bottles industry is projected to increase by 4.4% YoY in 2022, while Latin America’s total revenue is set to reach USD 1.2 billion. In the US, the industry value is expected to hit USD 8.4 billion by year-end, buoyed by the substantial food and food services industry.

Key Points: 

  • Valued at USD 55.8 billion in 2022.
  • Expected to reach USD 67.2 billion by 2028 with 3.1% CAGR.
  • Anticipated 2.8% volume growth in the same period.
  • Asia Pacific leads with over 40% market share in 2022.
  • US market to reach USD 8.4 billion, driven by food industry dynamics.

The HDPE bottles market is witnessing steady growth and gaining prominence as a preferred packaging solution across diverse industries. High-density polyethylene (HDPE) bottles offer numerous advantages such as durability, chemical resistance, and versatility, making them suitable for packaging a wide range of products.

One of the key drivers of the HDPE bottle industry is the increasing demand for sustainable packaging solutions. HDPE is a recyclable material that can be processed and reused, contributing to a circular economy and reducing environmental impact. As consumers and businesses become more conscious of their ecological footprint, the demand for HDPE bottles as an eco-friendly packaging option continues to rise.

Additionally, HDPE bottles provide excellent protection against moisture, light, and chemicals, ensuring the integrity and safety of the packaged products. This makes them highly suitable for industries such as pharmaceuticals, personal care, food and beverages, and household chemicals.

Moreover, the market is witnessing advancements in HDPE bottle design and manufacturing processes. Innovative technologies enable the production of lightweight yet sturdy bottles, reducing material usage and transportation costs.

In summary, the HDPE bottles industryis experiencing steady growth driven by the demand for sustainable packaging, product protection, and versatility. As industries prioritize environmentally-friendly practices and seek reliable packaging solutions, HDPE bottles continue to gain traction as a preferred choice for various applications.

High Recyclability Accounts for the Growing Popularity of HDPE Bottles

Low-quantity chemicals as well as drugs used for household or OTC applications are generally packaged in HDPE bottles. A widely preferred container for chemical products, HDPE bottles are highly recyclable. As the recycling process is relatively less complicated and more efficient, packaging manufacturers are gradually inclining towards HDPE as a raw material for packaging a range of products. Being one of the most considerate and least permeable packaging formats, HDPE bottles are likely to find widening applicability in packaging.

Asia Pacific Secures the HDPE Production Hub Title for Manufacturers of HDPE Bottles

Asia Pacific, especially China, has been contributing significantly to the global HDPE production capacity over the years and according to FMI’s study, APAC remains a significant HDPE producer in the near future. North America and Europe also stand important in sustaining the HDPE production scenario, whereas the report indicates promising performance of the Middle Eastern & African region.

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HDPE Bottles Find Growing Applications in Personal & Home Care Products and Cosmetics

HDPE bottles are prominently used in the F&B, automotive, personal care & hygiene, and household care segments. Besides F&B, pharmaceuticals also register a decent rate of adoption of HDPE bottles owing to being reliable in terms of safety of packaged food and beverage products. The study points to dramatically growing per capita expenditure on personal care and beauty products worldwide, especially in developing economies. Escalating sales of bath and shower products, dermatological products, and essential toiletries are translating into increasing volume sales of HDPE bottles.

Globally, over 100,000 HDPE bottles are expected to be sold by this year’s end. Growing consumer spending power is playing a vital role in popularizing the usage of HDPE bottles among packaging companies serving the personal care and cosmetics industry. Moreover, the widening expanse of Ecommerce is encouraging demand for HDPE bottles for a plethora of products across industries.

Is Recycled HDPE the Sustainable Solution to Cost Optimization?

With an emerging alternative of recycled HDPE bottles, manufacturers are striving to reduce dependency on the prices of raw materials. While high raw material cost has been a longstanding factor suppressing the wide adoption of HDPE bottles for packaging, manufacturers are gradually opting for the usage of recycled HDPE material for manufacturing HDPE bottles. Unilever recently launched recycled HDPE bottles of a few recognized Australian brands selling personal and home care products, in ANZ. The brands involved are Dove, Sunsilk, Surf, OMO, and TRESemmé.

Leading packaging manufacturers are prominently focusing on developing sustainable HDPE packaging solutions to meet stringent regulatory standards set by governments of various countries. However, as the pricing volatility prevails in the HDPE bottles landscape, it is most likely to pose a negative influence on the future of HDPE in packaging. The HDPE bottles market analysis by FMI offers deeper insights on how superior material alternatives such as PET and LDPE are restricting rapid penetration of HDPE bottles. For a closer look at the global HDPE bottles landscape

HDPE Bottles Market by Category

By Cap Type:

  • Screw Closures
  • Snap Closures
  • Push-Pull Closures
  • Disc Top closures
  • Spray Closures
  • Dispensers
  • Dropper

By Bottle Capacity :

  • Less than 30 ml
  • 31 ml – 100 ml
  • 101 ml – 500 ml
  • 501 ml – 1Lt
  • Above 1Lt

By Visibility:

  • Translucent
  • Opaque

By Neck Type :

  • Narrow Mouth Bottles
  • Wide Mouth Bottles

By End-user Industry Type :

  • Food & Beverages
    • Dairy Products
    • Juices
    • Others
  • Chemical
    • Agro Chemicals
    • Industrial Chemicals
    • Lubricants & Petrochemicals
  • Specialty Chemicals
  • Pharmaceuticals
  • Personal Care & Cosmetics
  • Homecare & Toiletries

By Barrier Type:

  • Low-barrier Bottles
  • High-barrier Bottles
    • Fluorinated Bottles
    • Polyamide (PA) Layer Bottles
    • Ethylene Vinyl Alcohol (EVOH) Layer Bottles

By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Japan

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What to Expect in Our Report?

(1) A complete section of the Global HDPE Bottles market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global HDPE Bottles market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global HDPE Bottles market.

(4) The report also discusses competitive situations and trends and sheds light on company expansions and mergers and acquisitions taking place in the Global HDPE Bottles market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusions of the research study provided in the Global HDPE Bottles Market report.

Author:   

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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

Explosive Growth Predicted: United States Leads the Way in Packaging Foam Market in North America with a 23.1% Share

Packaging Foam Market

The Packaging Foam Market in the United States is poised for significant growth, driven by a combination of factors that make the country the most lucrative market in North America. With leading packaging industry giants, ongoing technological advancements, a growing focus on sustainability, and increased consumer spending on everyday products, the United States is expected to capture a substantial market share of 23.1%.

One notable trend contributing to this growth is the rising adoption of foam for flexible packaging, as highlighted by the Flexible Packaging Association (FPA), which reported a significant $33.6 billion in sales for the flexible packaging industry in 2019. Furthermore, the expanding food and electronics sectors are further fueling the demand for packaging foam. Companies are turning to packaging foams to protect delicate products during transportation, driving the market’s expansion in the United States.

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The global packaging foam market is anticipated to reach a valuation of US$ 6.9 billion in 2023, driven by a growing focus on product safety & protection. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.9% between 2023 and 2033, and reaching a total valuation of approximately US$ 12.3 billion by 2033.

One of the primary factors driving the growth of the packaging foam industry include the increasing e-commerce and retail industry. The rapid expansion of the e-commerce and retail sectors is a major driver for the packaging foam market. There is a growing need for protective packaging materials to ensure the safe transportation of products, with the rise of online shopping. Packaging foams provide excellent cushioning and shock absorption properties, reducing the risk of damage during transit. The surge in online shopping, coupled with the global growth of the retail industry, is expected to drive the demand for packaging foams.

A significant factor contributing to market growth is the focus on sustainable packaging solutions. The growing emphasis on sustainability is revolutionizing the packaging industry, including the foam segment. Manufacturers and consumers alike are increasingly concerned about the environmental impact of packaging materials, which has led to a shift towards sustainable packaging foams made from recyclable or biodegradable materials. The foams offer similar protective properties while reducing waste and carbon footprint. The demand for eco-friendly packaging solutions is expected to fuel the growth of the packaging foam market.

Technological advancements in foam manufacturing have significantly improved the performance and versatility of packaging foams. Innovations in materials and production processes have led to the development of foams with enhanced properties such as better cushioning, improved energy absorption, reduced weight, and increased durability. The advancements make packaging foams more attractive to industries seeking high-performance and cost-effective solutions. The ability to customize foam shapes and designs further adds value to the packaging foam market.

Key Takeaways from the Market Study

  • Global Packaging Foam market was valued at US$ 6.5 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 4.8%.
  • India is expected to hold a dominant CAGR of 8.1% during the forecast period.
  • By material type, the polyurethane (PU) segment is expected to constitute a CAGR of 5.8% in 2033.
  • On the basis of end-use, the consumer electronics segment is expected to dominate the market with a CAGR of 5.7% in 2033.
  • From 2023 to 2033, Packaging Foam market is expected to flourish at a CAGR of 5.9%.
  • By 2033, the market value of Packaging Foam is expected to reach US$ 12.3 billion.

Expansion of automotive sector, across the globe is a major factor that is expected to propel the growth of the packaging foam market in the near future, remarks an FMI analyst.

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Recent Developments

In 2021, Zotefoams PLC (UK) announced the expansion of its production capacity for polyolefin foams, including packaging foams. The company’s investment in new manufacturing facilities aimed to meet the growing demand for high-quality foam products in various industries.
In 2020, Armacell International S.A. (Luxembourg) introduced a new range of foam packaging solutions for the food and beverage industry. The company’s foam packaging materials provided excellent thermal insulation and protection, ensuring the freshness and integrity of perishable goods during transport.

In the same year, BASF SE (Germany) developed a new foam material with enhanced moisture resistance properties. The innovation was specifically targeted at industries such as pharmaceuticals and electronics, where protection against humidity and moisture damage was crucial.
In 2020, Sonoco Products Company (USA) launched a sustainable packaging foam made from plant-based materials. The eco-friendly foam solution catered to the increasing demand for environmentally responsible packaging options.

More Valuable Insights Available

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

To understand opportunities in the packaging foam market, the market is segmented on the basis of material type (polystyrene, polyurethane (PU), poly vinyl chloride (PVC), and others), by product type (flexible foam, and rigid foam), by end-use (automobile industry, construction industry, food & beverages industry, consumer electronics, and homecare & personal care), and by application (inserts, corner & edge protectors, anti-static ESD foam, liners, and other), across five major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

The packaging 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 Billion+ 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.

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Key Segments Profiled In the Global Packaging Foam Market

By Material Type:
Polystyrene
Polyurethane (PU)
Poly Vinyl Chloride (PVC)
Others

By Product Type:
Flexible Foam
Rigid Foam

By End Use:
Automobile Industry
Construction Industry
Food & Beverages Industry
Consumer Electronics
Homecare & Personal Care

By Application:
Inserts
Corner & Edge Protectors
Anti-Static ESD Foam
Liners
Other

Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
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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Level Transmitter Market Sees Robust Growth, Expected to Reach US$ 4.7 Billion by 2033

The Level Transmitter Market is poised for remarkable growth, projected to reach a valuation of US$ 3.4 billion in 2023, with expectations of further expansion to US$ 4.7 billion by 2033. This robust growth is underpinned by a substantial Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period.

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Key Takeaways:

  • The level transmitter market is expected to grow from US$ 3.4 billion in 2023 to US$ 4.7 billion by 2033, with a CAGR of 3.1%.
  • Industrial automation in sectors such as oil and gas, chemicals, and water treatment fuels market expansion.
  • Non-contact level transmitters, including radar-based and ultrasonic devices, gain traction due to accuracy and low maintenance.
  • Increasing focus on safety and environmental compliance drives demand for precise level measurement.
  • IoT and wireless communication integration enable real-time monitoring and predictive maintenance.
  • The Asia Pacific region emerges as a key market due to rapid industrialization and infrastructural development.

Drivers and Opportunities: The Level Transmitter Market is propelled by the surging wave of industrial automation, notably within sectors like oil and gas, chemicals, and water treatment. This automation drive necessitates precise level measurement for efficient operations and cost savings. Non-contact level transmitters, such as radar-based and ultrasonic devices, have garnered substantial attention due to their superior accuracy and reduced maintenance requirements.

Safety and environmental compliance concerns are further stimulating the demand for precise level measurement solutions. Accurate level monitoring is crucial in preventing accidents and ensuring adherence to stringent regulatory standards.

Moreover, the integration of Internet of Things (IoT) and wireless communication technologies into level transmitters has transformed the industry. These advancements enable real-time monitoring and predictive maintenance capabilities, enhancing operational efficiency and reducing downtime.

Competitive Landscape – Regional Trends: The Asia Pacific region stands out as a key market for level transmitters, primarily due to rapid industrialization and infrastructural development. The region’s expanding manufacturing and process industries demand advanced level measurement solutions, driving market growth.

In this competitive landscape, industry players are focusing on research and development efforts aimed at technological advancements and product innovation. The goal is to stay at the forefront of the market by offering cutting-edge solutions that meet the evolving needs of various industries.

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Restraints: While the Level Transmitter Market shows significant promise, it is not without its challenges. Economic uncertainties and fluctuations in raw material prices can impact market dynamics. Additionally, the level of investment required for research and development of advanced technologies can pose a barrier to entry for some players.

Region-wise Insights – Category-wise Insights: Detailed regional and category-wise insights reveal nuances in market behavior. For a comprehensive understanding of these insights, please refer to our in-depth market analysis report.

In conclusion, the Level Transmitter Market is on a growth trajectory, driven by industrial automation, safety and compliance concerns, and technological advancements. Industry players are actively engaged in innovation to maintain their competitive edge in this dynamic landscape. As the Asia Pacific region emerges as a pivotal market, the future holds promising opportunities for both existing and potential market participants.

Key Segments Covered in the Market Report

By Technology:

  • Capacitive
  • Ultrasonic
  • Radar
  • Differential Pressure / Hydrostatic
  • Magnetostrictive
  • Radiometric
  • Others

By Type:

  • Contact
  • Non-Contact

By End Use:

  • Chemicals
  • Metals & Mining
  • Food & Beverage
  • Oil & Gas
  • Water & Wastewater
  • Power
  • Pharmaceuticals
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • The Middle East & Africa (MEA)

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

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

Transportation Predictive Analytics And Simulation Market Soars to US$ 3,916.6 Million by 2027: Key Insights and Trends

The global Transportation Predictive Analytics and Simulation Market has experienced remarkable growth over the past decade. In 2016, it was valued at US$ 1,550.0 million, and today it stands as a burgeoning industry with an estimated worth of US$ 3,916.6 million by 2027. This impressive growth reflects a Compound Annual Growth Rate (CAGR) of 8.9% over the forecast period, underscoring the sector’s immense potential.

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According to Future Market Insights’ report, connected cars are capable of generating information regarding traffic flow, engine performance, etc. in real time. This data can be extracted using transportation predictive analytics and simulation, thus providing better analysis of transportation authorities. In terms of value, the global transportation predictive analytics and simulation market was valued at US$ 1,550.0 Mn in 2016, and is expected to reach US$ 3,916.6 Mn by 2027-end. During this forecast period, the market will reflect robust growth at a CAGR of 8.9%.

Increasing vehicular traffics witnessed across the globe, and the earnest need for saving costs through cost-effective data solutions, and thereby rendering operational efficiency in logistics sector are also observed as key drivers for growth of global transportation predictive analytics & simulation market. In the report, titled “Transportation Predictive Analytics & Simulation Market: Global Industry Analysis and Opportunity Assessment, 2017-2027,” North America is projected to remain the largest market for transportation predictive analytics and simulation solutions North America’s transportation predictive analytics and simulation market will account for 35% of the market revenues by 2027-end. The region will also register fastest revenue growth at 10.5%, while Japan and the Asia-Pacific excluding Japan region will reflect growth at more than 9% CAGRs.

The report emphasizes on how predictive analytics can help companies to maximise revenue and minimise transportation costs by predicting customer demand while dealing with any capacity limitations. They can help airline companies devise a business strategy such as adjusting flight schedules or flight fares during different demand periods, and help maximise revenues as well as increase customer satisfaction. In 2016, more than US$ 230 Mn worth of transportation predictive analytics and simulation solutions were deployed in airline transport sectors across the globe. Nevertheless, in the long run, roadways will remain the most crucial component of transport for adoption of predictive analytics and simulation solutions; global revenues from which will soar at 9.8% CAGR through 2027.

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Taking into account the rising use of microscopic transportation simulation platforms for infrastructure planning, more than one-third of global transportation predictive analytics and simulation revenues will be accounted by microscopic simulation throughout the forecast period. Demand for macroscopic simulation, however, is projected to witness marginal decline in terms of its global revenue share. The report also predicts that on-premise deployment models will lose traction, but will still dominate the market revenues. Meanwhile, cloud-based deployment of transportation predictive analytics and simulation in the forecast period will bring in over US$ 1,400 Mn in global revenues.

More than 90% of the global transportation predictive analytics and simulation market will remain dominated by software over services. And, the report has profiled leading developers of transportation predictive analytics and simulation software & solutions, which include, IBM Corporation, Xerox Corporation, SAP AG, PTV Group, Cubic Corporation, Space-Time Insight, Tiger Analytics Inc., T-Systems International GmbH, Predikto Inc., and Cyient-Insights.

Competitive Landscape – Regional Trends:

The Transportation Predictive Analytics and Simulation Market exhibit diverse regional trends. North America remains a dominant player in the market, owing to its extensive transportation infrastructure and early adoption of predictive analytics. The Asia-Pacific region is witnessing rapid growth, driven by urbanization, digital transformation, and increased government investments in transportation infrastructure.

In Europe, strict emissions regulations and the push for green transportation solutions are propelling market expansion. Meanwhile, Latin America and the Middle East are emerging as promising markets, with governments focusing on modernizing their transportation networks.

Restraints:

Despite its promising trajectory, the market faces certain challenges. Data privacy and security concerns are paramount, as transportation companies deal with vast amounts of sensitive information. Ensuring the integrity and confidentiality of this data remains a critical issue.

Moreover, the high initial investment required for implementing predictive analytics and simulation solutions can deter smaller players from entering the market. Additionally, the lack of awareness and skilled personnel in some regions may hinder market growth.

Region-wise Insights – Category-wise Insights:

Regionally, North America continues to dominate the market, with the United States leading in the adoption of transportation predictive analytics and simulation tools. In Asia-Pacific, China and India are emerging as key growth hubs, driven by urbanization, digitization, and increasing consumer demands for efficient transportation services.

Category-wise, demand for real-time analytics solutions is on the rise, as they enable transportation companies to make instant decisions and adapt to changing conditions. Predictive maintenance and demand forecasting are other key categories experiencing significant growth, helping companies optimize their operations and reduce costs.

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Market segmentation

By Region:

  • North America
  • Latin America
  • APEJ
  • Japan
  • Western Europe
  • Eastern Europe
  • MEA

By Component:

  • Software
  • Services

By Deployment Model:

  • On-Premise
  • Cloud-based

By Simulation Method:

  • Microscopic
  • Macroscopic
  • Mesoscopic

By Component of Transport:

  • Roadways
  • Railways
  • Airways
  • Seaways

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

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

Contact Us:      

Nandini Singh Sawlani 

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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Feeding Growth: Fish Feed Pellet Making Machine Market to Achieve US$ 2,167.9 Million by 2033, with a Strong 5.6% CAGR

The fish feed pellet making machine market is on a trajectory of significant growth, poised for an anticipated Compound Annual Growth Rate (CAGR) of 5.6% during the estimated time frame. By the culmination of 2033, this market is expected to attain a substantial valuation of US$ 2,167.9 million, marking a remarkable ascent from the expected US$ 1,257.2 million in 2023. The year 2022 is projected to conclude with a valuation of nearly US$ 1,190.5 million, and 2023 is poised to witness a year-on-year growth rate of 4.3%.

A fish feed pellet making machine is a specialized device meticulously crafted to transform powdered fish food into compact, nutrient-rich pellets. These machines are invaluable tools in the arsenal of commercial fish farmers, empowering them to craft a consistent and wholesome diet for their aquatic stock. The pellets yielded by fish feed pellet making machines are typically smaller in size compared to those produced by other types of machines, such as those utilized for livestock feed.

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As per FMI, increasing export of fish and other seafood products from various countries across the globe is likely to drive sales in the market. In emerging economies, international companies are expected to enter for capturing the overall industry.

One prominent catalyst propelling growth in this market is the burgeoning trend of organic farming. Organic fish production places a premium on genetically unmodified organisms, eschews chemical pesticides and products, and upholds the welfare of aquatic life through lower stocking density.

Moreover, increasing demand for organic farming owing to rising awareness regarding the importance of sustainability, as well as animal welfare is set to augment sales. Thus, fish farmers are practicing organic farming methods to provide chemical free and genetically modified products.

Rising inclination of consumers towards organic food items is projected to compel key manufacturers to expand their production capacity of organic feed. Changing eating habits and lifestyles of consumers in both developed and developing countries are the other factors that would accelerate sales in the market.

Key Takeaways from the Fish Feed Pellet Making Machine Market Study:

  • Top 3 countries in the global fish feed pellet making machine market are projected to generate a share of 8% in the next ten years.
  • The global fish feed pellet making machine market is estimated to be valued at US$ 1,190.5 million by the end of 2022 from a valuation of US$ 1,006.0 million in 2018.
  • The USA fish feed pellet making machine market is anticipated to generate the lion’s share of nearly 8% by 2033.
  • Germany fish feed pellet making machine market is predicted to account for a considerable share of about 3% in Europe during the estimated time frame.
  • In Asia Pacific, India is likely to witness moderate growth and exhibit a CAGR of 3% from 2023 to 2033.

“Key companies in the fish feed pellet making machine market are anticipated to invest huge sums in the manufacturing of dry pelleted fish feed. This type of feed is projected to be extensively used for improving digestibility and balance of nutrients for matching specific needs of various fish species,” says a lead analyst at Future Market Insights.

Key Players Operating in the Industry:

  • CPM Asia
  • Andritz Group
  • Buhler AG
  • Salmco Ltd.
  • Zhengchang Group
  • LIMA Machinery
  • Darin
  • Jinan Baimai Haiyuan Extrusion Machinery
  • Sunspring Machinery

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Market Segmentation:

By Type:

  • Ring Die Pellet Mill
  • Flat Die Pellet Mill

By Application:

  • Small-Scale Aquaculture
  • Large-Scale Aquaculture
  • Others

By Sales Channel:

  • Online
  • Offline

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA
  • RoW

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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 Dough Processing System Market Poised to Attain US$ 8,152.3 Million by 2032, With a Steady 4.4% CAGR

The dough processing system market is ascending on a promising trajectory, poised for substantial growth with a notable Compound Annual Growth Rate (CAGR) of 4.4% throughout the forecast period from 2022 to 2032. This growth journey is anticipated to elevate the global market from its 2022 valuation of US$ 5,300.0 million to a substantial US$ 8,152.3 million by 2032.

One of the prime drivers fueling the surge in demand for dough processing systems is the ever-expanding consumer preference for processed food items. In a fast-paced world where convenience reigns supreme, these systems play a pivotal role in ensuring the efficient production of delectable baked goods. Furthermore, as the global workforce continues to grow, and lifestyles evolve, the demand for such systems is expected to exhibit steady growth throughout the evaluation period.

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Dough processing systems find application in producing breads, pastries, pizzas, and similar food products. These systems encompass a range of equipment, including mixers, sheeters, laminators, and divider-rounders. By streamlining dough preparation processes, dough processing systems contribute to efficiency gains, leading to reduced time and labor requirements.

The growth of the dough processing system market is primarily propelled by the escalating demand for processed food products. Additionally, the changing consumer landscape, marked by a growing number of working women and evolving lifestyles, is further contributing to the increasing adoption of these systems.

Key Insights from the Dough Processing System Market:

  • North America currently leads the dough processing system market, attributed to factors like substantial wheat production and a strong demand for processed foods in the region.
  • Europe presents an appealing market for dough processing systems due to its sizable population and high consumption of baked goods.
  • According to Future Market Insights, the dough processing system market is projected to grow at a CAGR of 4.4% throughout the forecast period.
  • The Asia Pacific region is emerging as a promising market for dough processing systems, driven by the expanding food and beverage industry.
  • The food industry, a major end-user, is expected to be a key driver of market growth during the forecast period.
  • Applications like bread and pizza crusts stand out as the most popular uses for dough processing systems.

Leading the Competition:

In the highly fragmented dough processing system market, a multitude of players are vying for prominence. Key market contenders encompass Buhler, Brabender, Allied Bakery Equipment, and Euro-Machines.

Anticipated to experience robust expansion, the dough processing system market is poised for growth, fueled by the escalating demand for bakery products and confectioneries. As disposable incomes rise and lifestyles evolve, the market’s trajectory is set to ascend.

Heading the forefront of market growth are anticipated leaders such as Middleby Corporation, Welbilt, Markel Food Group, JBT Corporation, ITW Food Equipment Group, Sinmag, and Wiesheu.

Shaping the Competition:

The dough processing system industry is primed for substantial growth in the next decade, fueled by the escalating global demand for bakery products and confectioneries. With rising disposable incomes and evolving lifestyles, key industry players are poised to introduce advanced systems to cater to this burgeoning market.

In September 2022, König Maschinen GmbH, an Austrian bakery equipment manufacturer, unveiled its cutting-edge dough divider, the Ceres 2.2. This innovative solution addresses the unmet demand for exceptional weight accuracy, gentle dough handling, and optimal dough yield. The machine’s design prioritizes ease of maintenance and cleaning, incorporating sensor technology, an electronic weighing system, and an expanded dividing range.

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Key Segments:

By Product Type:

  • Dough sheeters
  • Dividers
  • Mixers
  • Moulders

By Application:

  • Breads
  • Pizza crusts
  • Cakes & Pastries
  • Cookies & biscuits

By Distribution Channel:

  • Online
  • Offline

By Region:

  • North America
  • Latin America
  • Asia pacific
  • Eastern Europe
  • Western Europe
  • Japan

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Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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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