Market Research Blog – Page 497 – New Product Development

Global Gas Holders Market Value Forecasted to Exceed USD 100 Million Milestone by 2033, Surging Steadily at 4.4% CAGR

The global gas holders market is poised for remarkable growth, with the market valuation expected to reach USD 65 million by the end of 2023 and further projected to attain USD 100 million by 2033, growing at a compound annual growth rate (CAGR) of 4.4% over the forecast period. This robust growth underscores the increasing reliance on efficient and scalable gas storage solutions across various industries.

Gas holders, used for storing and managing gases like biogas, natural gas, and industrial gases, have become indispensable in sectors such as energy, agriculture, and wastewater treatment. The rising adoption of renewable energy solutions, particularly biogas, has fueled the demand for gas holders, as industries seek sustainable and cost-effective ways to store and utilize gases.

The growth of urbanization and industrial activities globally has further amplified the need for gas storage infrastructure. Industries are prioritizing operational efficiency, emission control, and compliance with environmental standards, driving significant investments in gas storage technologies. As a result, the gas holders market is set to experience steady demand over the next decade.

Industry Trends & Future Analysis:

The market is witnessing an upsurge in the adoption of advanced materials and technologies in gas holder construction. Innovations such as double membrane gas holders and modular designs are gaining traction due to their durability, efficiency, and cost-effectiveness. These advancements are particularly popular in the biogas sector, where the need for reliable gas containment solutions is paramount.

Looking ahead, the gas holders market is expected to benefit from government policies and incentives promoting the use of renewable energy sources. The transition towards cleaner energy alternatives, coupled with technological advancements, is likely to create new growth opportunities. Additionally, the integration of IoT and automation in gas storage systems is emerging as a key trend, enabling real-time monitoring and enhanced operational efficiency.

Industry Regional Insights:

North America and Europe currently dominate the gas holders market, driven by stringent environmental regulations and the widespread adoption of renewable energy technologies. Countries like Germany, the UK, and the United States are at the forefront of biogas production, creating a thriving market for gas holders. The presence of established players and a robust focus on R&D further bolster the market in these regions.

Meanwhile, the Asia-Pacific region is poised for rapid growth, fueled by increasing urbanization, industrialization, and government initiatives to adopt renewable energy. Emerging economies like India and China are witnessing a surge in investments in biogas plants and industrial gas storage facilities, making the region a promising market for gas holder manufacturers in the coming years.

Key Takeaways from the Report:

Market Growth: The gas holders market is projected to grow from USD 65 million in 2023 to USD 100 million by 2033, with a CAGR of 4.4%.
Driving Factors: Increasing adoption of renewable energy, rising industrialization, and the need for sustainable gas storage solutions are the primary drivers of market growth.
Technological Advancements: Innovations in materials and smart monitoring systems are enhancing gas holder efficiency and durability.
Regional Leaders: North America and Europe lead the market, while Asia-Pacific is emerging as a high-growth region.
Future Outlook: Government incentives, environmental regulations, and advancements in gas storage technologies are expected to create significant growth opportunities in the coming decade.

Key Players:

Zekelman Industries
Boselan Tanks Co., Ltd (BSL)
ReVivo Gas
s.r.o.
Ovivo USA LLC
Wiefferink B.V.
Geomembrane Technologies
an Evoqua brand
WesTech Engineering, LLC
Eco-Tech, Inc. among others.

Market Segments Covered:

By Product Type:

Water Sealed
Rigid Waterless

By Material Used:

Metal
Plastic(PVC, PE)
other

By Capacity:

Below 100 KL
100 -250 KL
250 -500 KL
500 -750 KL
750-1,000 KL
Above 1,000 KL

By Region:

North America
- USA & Canada
Latin America
Brazil, Mexico, and Others
Europe
- Germany
- Italy
- France
- The United Kingdom
- Spain
- Nordics
- Benelux
- Russia
South Asia & Pacific
- India
- ASIAN
- Australia and New Zealand (ANZ)
East Asia
- China
- Japan
- South Korea
Middle East and Africa
- GCC Countries
- Turkey
- Northern Africa
- South Africa

Access Report Details for More In-Depth Information!

Author:

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

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

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

About Future Market Insights (FMI)

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

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Study Predicts Global Marine Selective Catalytic Reduction Systems Market to Hit USD 8.54 Billion by 2033, Growing at 6.0% CAGR

The global marine selective catalytic reduction systems market was poised to be worth of USD 4.77 billion by 2023. This upward trajectory underscores a significant industry-wide commitment to sustainability and emissions reduction within the maritime sector. By 2033, forecasts indicate that the market will exceed an impressive valuation of USD 8.54 billion, highlighting the unwavering dedication of the maritime industry towards environmental stewardship.

A pivotal factor contributing to this substantial growth is the global imperative for ports to align with zero-emission objectives. In an era where concerns regarding climate change have reached unprecedented levels, addressing the environmental impact of shipping and port operations has become increasingly paramount. The industry’s steadfast commitment to sustainability is prominently evidenced through initiatives such as the “Ports for People” campaign spearheaded by Pacific Environment. Noteworthy among these efforts is the introduction of the P4P RePORT Cards program in November 2022, symbolizing the collective drive towards a greener and more sustainable future.

Key Dynamics Shaping the Market:

The global maritime selective catalytic reduction (SCR) systems market is poised for substantial growth until 2033. This progress is attributed to the steady upsurge in shipbuilding endeavors, notably prominent in burgeoning economies like South Korea, China, and Japan.

Driven by the synergy of flourishing seaborne trading activities and stringent regulations governing maritime pollution, the market is poised for expansion. The simultaneous rise in maritime tourism and continual boating operations across various sea regions could accelerate the deployment of marine SCR systems.

However, challenges loom as well. The considerable installation and initial investment costs associated with implementing selective catalytic reduction systems on ships may curtail their widespread adoption. Additionally, retrofitting marine SCR systems necessitates ship inactivity, thus impeding the momentum of the shipping marine selective catalytic reduction systems market.

Key Insights:

Owing to the burgeoning expansion of sea route networks, the offshore marine selective catalytic reduction systems segment is poised to achieve a significant milestone, surpassing USD 8.54 billion by 2033.
Notably, the navy segment exhibited a market valuation exceeding USD 1.2 billion in 2022, with anticipated revenue growth spanning from 2023 to 2032.
Envisioning the future, North America’s marine selective catalytic reduction systems market is forecasted to exceed the USD 1 billion mark by 2033.
In the Asia Pacific region, market growth for marine selective catalytic reduction systems holds the potential to soar beyond a commendable 6% CAGR from 2023 to 2033.

Competitive Landscape:

To enhance the application efficacy of these systems, key manufacturers are strategically focusing on substantial investments. They are actively harnessing competitive resources and forging strategic mergers and alliances to fortify their market standing.

Leading the industry, prominent marine selective catalytic reduction systems manufacturers include Tenneco, Wärtsilä, YARA International, Hyundai, Mitsubishi, Johnson Matthey, PANASIA, Hitachi Zosen, MAN Energy Solutions, Agriemach, Hug Engineering, DCL International, Caterpillar, ECOUREA, ME Production, and DEC Marine.

Browse More! https://finance.yahoo.com/news/marine-selective-catalytic-reduction-systems-133000284.html

Marine Selective Catalytic Reduction System Market By Application Key Segments:

Marine Selective Catalytic Reduction System for Commercial:

Containers
Tankers
Bulk Carriers
Roll On/Roll Off

Marine Selective Catalytic Reduction System for Offshore:

AHTS
PSV
FSV
MPSV

Marine Selective Catalytic Reduction System for Recreational:

Cruise Ships
Ferries
Yachts

Marine Selective Catalytic Reduction System Market by Region:

Marine Selective Catalytic Reduction System in North America
Marine Selective Catalytic Reduction System in Europe
Marine Selective Catalytic Reduction System in Asia Pacific
Marine Selective Catalytic Reduction System in Latin America
Marine Selective Catalytic Reduction System in the Middle East & Africa

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Author:

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

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Tray Sealing Machines Market is Growing at a Strong CAGR of 3.5% from 2024 to 2034 | Future Market Insights, Inc.

The global market for tray sealing machines is expected to witness consistent growth, with sales projected to reach USD 5.9 billion in 2024, growing at a compound annual growth rate (CAGR) of 3.5% over the forecast period and ultimately reaching USD 8.2 billion. In 2023, the market generated revenues of USD 5.7 billion and is projected to show a year-over-year (Y-o-Y) growth rate of 2.8% in 2024.

A major growth driver is the rising demand for automated tray sealing machines, which are rapidly gaining popularity. These automated systems are expected to account for more than 60% of the industry share by 2024.

The appeal of automation lies in its benefits: it reduces manufacturing errors, enhances production efficiency, and lowers production costs by minimizing the need for a large workforce. Furthermore, the ongoing shift toward automation, fueled by the adoption of AI and machine learning technologies, is expected to accelerate the market’s growth trajectory.

Explore the Historical Context: Access the Old Report Source Here!

The meat, poultry, and seafood sectors are emerging as significant end-users of tray sealing machines. With a need for secure and efficient sealing solutions to prevent contamination and ensure cold storage, these industries are forecasted to capture approximately one-third of the market share by 2034. As these sectors demand increasingly robust sealing technology, the tray sealing machine market is set to experience continued expansion.

Prominent Drivers of the Tray Sealing Machines Market

Rising Demand for Packaged and Processed Foods: The growth of convenience foods and ready-to-eat meals is driving demand for efficient, airtight packaging solutions like tray sealing machines to ensure longer shelf life and product freshness.
Increased Focus on Food Safety and Hygiene: Heightened consumer awareness about food safety is encouraging companies to adopt tray sealing machines, which provide secure, tamper-evident packaging to minimize contamination risks.
Sustainability and Eco-Friendly Packaging: With a shift toward sustainable practices, tray sealing machines enable the use of recyclable and biodegradable materials, reducing environmental impact and meeting regulatory and consumer demands.
Technological Advancements in Packaging Machinery: Automation, digital controls, and energy-efficient tray sealing technology have improved speed, consistency, and versatility, making these machines more attractive to manufacturers.
Growth in Ready-to-Eat and Takeaway Meal Options: The increasing demand for ready-to-eat and takeaway food options has boosted the need for robust, leak-proof packaging, positioning tray sealing machines as a key solution in the foodservice and retail sectors.

Challenges faced by the Tray Sealing Machines Market

Technological Complexity and Integration: As tray sealing machines evolve to accommodate new materials and packaging types, integrating advanced technologies (such as automation, AI, and smart sensors) with existing systems can be complex and costly for manufacturers.
High Initial Investment: The cost of acquiring and installing tray sealing machines, particularly those with advanced features, can be significant. This is a barrier for smaller businesses or those in emerging markets looking to adopt these technologies.
Maintenance and Downtime: Tray sealing machines require regular maintenance to ensure optimal performance. Downtime due to equipment failure or maintenance issues can disrupt production schedules, leading to increased costs and loss of revenue.
Material Compatibility: The increasing use of diverse packaging materials (e.g., eco-friendly films, biodegradable trays) presents challenges in ensuring compatibility with existing tray sealing machines. This requires ongoing research and development to adapt to new materials without compromising on seal quality.
Regulatory Compliance: With growing concerns about food safety and environmental impact, manufacturers in the tray sealing machines market must comply with stringent regulations regarding food packaging standards, recyclability, and sustainability, which can lead to increased operational costs and design challenges.

Competitive Landscape

Key players of the tray seal machines market are manufacturing and launching novel products in the market. They are collaborating with multiple end user firms to expand their geographical reach.

Key Players in Tray Sealing Machines Manufacturers

MULTIVAC, Inc.
Proseal America Inc.
ProMach, Inc.
AptarGroup, Inc.
John Bean Technologies Corporation (JBT)
Omori Machinery Co., Ltd
Robert Reiser & Co., Inc.
Sealpac GmbH
Webomatic Maschinenfabrik GmbH
ILPRA SPA
ORICS Industries, Inc.

Key Developments in Tray Seal Machinery Industry

In February 2024, ProMach a manufacturer of processing and packaging solution has acquired one of the Zanichelli Meccanica S.p.A. an Italy based player of food processing equipments.
In July 2022, John Bean Technologies Corporation (JBT) a prominent machinery manufacturer has acquired Alco-food-machines GmbH & Co. KG (Alco), a German based manufacturer of food processing machineries.

Tray Seal Machines Market Segmentation

By Technology:

In terms of technology, the industry is divided into automatic, semi-automation and manual tray sealing machines.

By Application Type:

In terms of application type, the industry is divided into meat, poultry and sea food, bakery and confectionary, fresh produce, ready meals, sweets and dry fruits, and others.

By Operating Speed:

In terms of operating speed, the industry is divided into up to 3 CPM, 4 to 8 CPM, 9 to 12 CPM, and above 12 CPM.

By Packaging Type:

In terms of packaging type, the industry is divided into MAP, VSP and General Sealing.

By Region:

In terms of region, the industry is divided into North America, Latin America, Europe, South Asia, East Asia, Oceania and MEA.

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Single-Use Filtration Assemblies Market Revenue to Drive Past USD 19.28 Billion by 2033, Surging at 18.5% CAGR

The global single-use filtration assemblies market is aiming to achieve a significant valuation of USD 19.28 billion by 2033, propelled by a striking Compound Annual Growth Rate (CAGR) of 18.5%. This notable trajectory underscores the increasing significance of maintaining sterile conditions and the widespread adoption of single-use filtration assemblies across diverse industries.

The substantial surge in market value can be attributed to the heightened emphasis on maintaining sterile conditions, particularly in critical sectors like biopharmaceuticals, food and beverage, and biotechnology. Single-use filtration assemblies have emerged as the preferred choice for final and bulk-fill processes within these industries, showcasing their capacity to mitigate contamination risks, enhance operational efficiency, and streamline processes. Their indispensable role in ensuring product safety and quality further solidifies their status as a fundamental solution in today’s dynamic industrial landscape.

Escalating Investment in Pharmaceutical Research and Development:

Expenditure directed towards pharmaceutical research and development has witnessed a notable surge, driven by the indispensability of single-use assemblies in both expansive and compact biopharmaceutical production endeavors.

Environmentally-Conscious Reflections Amidst Growing Adoption:

The heightened adoption of single-use filter assemblies has sparked discussions concerning the ecological ramifications of increased reliance on single-use plastics. As the single-use filter assemblies sector continues its upward trajectory, it becomes imperative for the industry to formulate strategies aimed at waste reduction and the advocacy of sustainable practices.

Key Insights:

In 2022, the United States held a substantial 36.4% share within the single-use filtration assemblies market.
The market for single-use filtration assemblies boasted significant expansion, amounting to a robust USD 2.98 billion in 2022.
Backed by ongoing innovations from established players, the U.S. market is poised to achieve a commendable 14.9% Compound Annual Growth Rate (CAGR) by 2033.
With a strong emphasis on sustainability and remarkable growth potential, analysts foresee the market to surge by 1.18 times between 2022 and 2023.
The Indian market exhibits promising growth projections with an anticipated 14% CAGR by 2033.
Europe secured a noteworthy 29% share in the single-use filtration assemblies market in 2022.

Dominance by Categories:

Membrane filtration led by commanding a 47.8% share in 2022 and is set to continue its leadership throughout the forecast period.
In terms of application, bioprocessing/biopharmaceuticals maintained supremacy with a substantial 41.6% share in 2022, poised to persist as the market leader.
The filter segment asserted dominance among products with a commanding 21.2% share in 2022 and is set to sustain its leadership during the forecast period.

Strategic Approaches Driving Top Players’ Success:

Key players such as Merck Millipore, Sartorius AG, MEISSNER FILTRATION PRODUCTS, Danaher, Repligen Corporation, Cellab, Medela, Thermo Fisher Scientific Inc., 3M Purification, and Repligen Corporation play a pivotal role in the market landscape.

To effectively address the escalating demand for single-use filters, particularly within the bio-manufacturing sector, these participants are strategically broadening their portfolios. Furthermore, substantial investments in research and development are channelled towards the creation of advanced single-use filter assemblies that outperform conventional alternatives.

Recent Industry Advancements:

In a notable development, Sartorius completely acquired Albumedix, a science-focused company, in August 2022. The acquisition aimed to elevate Sartorius’ status as a provider of cutting-edge media, encompassing essential components and media. This strategic move underlines their commitment to staying at the forefront of innovation.

In another collaborative stride, Sartorius partnered with Sonderanlagenbau HOF in December 2021. This collaboration resulted in the inclusion of vertical plate freeze-thaw machines within Sartorius’ product array. This enhancement offers a comprehensive range of reliable freeze-thaw supplies and equipment, reaffirming Sartorius’ dedication to providing holistic solutions.

Key Segments Covered:

By Type:

Membrane Filtration
Depth Filtration
Centrifugation
Others

By Applications:

Pharmaceuticals Manufacturing
Bioprocessing/Biopharmaceuticals
Laboratory Use

By Product:

Filters
Cartridges
Membranes
Manifold
Cassettes
Syringes
Others

By Region:

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

Access Report Details for More In-Depth Information!

Author:

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

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Disposable Cutlery Market to Reach USD 2.6 Billion, Globally by 2033 at 4.9% CAGR: Future Market Insights, Inc.

As per the recent market research conducted by FMI, the global disposable cutlery market is expected to value USD 2.6 billion by 2033. In 2023, the market size is anticipated to be USD 1.6 billion. The CAGR during the forecast period is projected to be at 4.9%.

The COVID-19 pandemic has taught the world to focus more on hygiene. Owing to this, the food sector has been laying lots of emphasis on cleanliness. This has led to an increase in the demand for disposable cutlery as these are hygienic and wrapped when sold by manufacturers.

The manufacturers in the market are making use of biodegradable products to put a check on land pollution. Moreover, biodegradable disposable cutleries are affordable as compared to their non-biodegradable counterparts.

Gain Comprehensive Knowledge—Read the Entire Report Now!

The cloud kitchen market has been witnessing massive growth over the past few years. The USD 65 billion worth of cloud kitchen market presents huge opportunities. The key players who are into cloud kitchens are making bulk purchases of disposable cutlery items. These are being given as complimentary products to the end customers.

The frozen food market is also expected to surge the sales of disposable cutlery during the forecast period. By 2025, the frozen food market is set to exceed USD 320 billion. The wooden disposable cutleries are preferred as these are sturdy and the same time light as well. However, the adoption of plastic disposable cutleries is expected to challenge the growth as these lead to an increase in pollution.

FMI analysts are of the view that increasing focus on hygiene, application of biodegradable products, growth of cloud kitchen market and frozen food market, and number of other factors are expected to surge the disposable cutlery market during the forecast period.

Key Takeaways:

In 2023, the market size is likely to be at USD 1.6 billion.
By 2033, the numbers are expected to be at USD 2.6 billion.
The market is expected to record a CAGR of 4.9%.
On the basis of regional analysis, Asia Pacific is expected to hold the leading market share.
The United States market is expected to secure a CAGR of 3.8%.
The United Kingdom is projected to register a CAGR of 4.2%.
Germany market is anticipated to witness a CAGR of 3.9%.
India market is expected to advance at a CAGR of 7.8%.
China market is projected to post a CAGR of 6.8%.
On the basis of fabrication process, the thermoforming segment is expected to hold the leading market share, and is projected to expand at a CAGR of 4.5%.
On the basis of cutlery type, the dispensed cutlery segment is projected to hold the dominant position in the market, and is anticipated to advance at a CAGR of 4.4%.

Competitive Landscape:

The manufacturers who are operating in the disposable cutlery market are taking important steps toward sustainable development. Thus, there is an increasing effort toward adopting green products. The key players are also making massive investments in mergers and acquisitions to increase their market share. There are also lots of emphasis being laid on making use of the latest technology in order to produce the product of the right dimensions.

Manufacturers are investing in research and development activities to focus on quality. The idea is also to invest in marketing and sales activity in order to increase awareness about the product.

Disposable Cutlery Market Segmentation

By Product Type:

Spoon (Plastic, Wood)
Fork (Plastic, Wood)
Knife (Plastic, Wood)

By Fabrication Process:

Thermoforming
Die Cutting
Injection Molding

By Cutlery Type:

Wrapped Cutlery
Dispensed Cutlery

By Sales Channel:

Direct Sales
Distributors
E-retail
Retailers (Hypermarkets, Supermarkets, Convenience Stores, Specialty Stores, Discount Stores & Warehouse/Wholesale Clubs)

By End Use:

Food Service Outlets (Hotels, Restaurants & Cafes, Quick Service Restaurants)
Institutional Food Services (Cinemas, Airline & Railway Catering, Schools & Offices, Hospitals)
Household Use

By Region:

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

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Global ISO Container Market Valuation Expected to Reach USD 630.97 Million by 2033, Surging at a Decent CAGR of 9%

The global ISO container market is projected to secure a valuation of USD 266.53 million in 2023 and is expected to rise to USD 630.97 million by 2033. The market is anticipated to register a CAGR of 9% during the forecast period.

The growing industrialization, urbanization and population are increasing the adoption of ISO containers. The manufacturers are developing ISO containers by adopting advanced Artificial Intelligence technology. The food & beverages industry is raising the demand for ISO container to store dairy items, vegetables and meat products. Rising road, railway and marine transportation are fueling the market growth.

The demand for ISO container is rising due to their high efficiency, better storage and low costs. These containers are safe, relevant and excellent choices while transporting goods & services. Prominent manufacturers are reducing carbon footprints by developing highly standardized products that protect the environment.

The changing consumer lifestyle, ready-to-eat food, and easy-to-carry loads are fueling market growth. In addition, the rising economies, international trade, domestic transportation, and availability of different container types propel the market size. In addition, growing investments, government initiatives and the presence of key players are booming the market opportunities.

Key Takeaways:

The ISO container market is expected to have a valuation of USD 630.97 million by 2033.
With an expected CAGR of 9%, the global market may grow in size from 2023 to 2033.
The Asia Pacific ISO container market is estimated to secure a maximum share through 2033.
The market secured a CAGR of 8.1% in the historical period between 2017 and 2022.
The petrochemicals sector is projected to dominate the global market by 2033.

Who is Winning?

The prominent players are playing a crucial role by investing huge amounts in research and development activities in the global market. As a result, these players are innovating unique and advanced products as per end-users’ requirements. Furthermore, these players focus on developing new and non-toxic products using premium raw materials.

Prominent vendors adopt several marketing strategies: collaborations, mergers, acquisitions, agreements, partnerships, and product launches. These layers continue to bring innovation and expand the market to another height in the coming period.

Other Key Players in the Market are:

Danteco Industries
HOYER
Welfit Ody
Meeberg
Tankcon
Tankformator
Bertschi AG
Stolt-Nielsen Limited
China International Marine Containers Ltd
VIG Tanktainer GmbH
Intermodal Tank Transport
Bulkhaul Limited
Interflow TCS Ltd
Royal Den Hartogh Logistics
New Port Tank
Sinochain Logistics Co., Ltd.

Browse More! https://finance.yahoo.com/news/iso-container-market-predicted-grow-163000741.html

Recent Developments in the ISO Container Market are:

In Jan 2022, China International Marine Containers Ltd announced its new installation of hydrogen refueling, hydrogen cylinder, and energy tank stations to reduce carbon emissions.
In Nov 2021, Royal Den Hartogh Logistics announced its merger with MUTO Group to expand its portfolio in the Korean market.
In Mar 2020, Bertschi AG partnered with a training provider company Mapon. This partnership provides several driving safety programs to their drivers.
In Feb 2019, MOL Chemicals Tanker announced the acquisition of 20% of the stake in Den Hartogh Holding to advance the portfolio in transporting chemicals through rail and marine transport.
In 2021, Stolt Tankers reduced 6% of fuel consumption by taking off 18,000 automobiles to limit carbon emissions.

ISO Container Market by Category:

By Container Type:

Cryogenic & Gas Tanks
Lined Tank
Swap Body Tank
Multi-compartment Tank
Reefer Tank

By Transport Mode:

Marine
Road
Rail

By End Use Industry:

Food & Beverages
Industrial Gas
Chemicals
Pharmaceuticals
Petrochemicals
Others

Access Report Details for More In-Depth Information!

Author:

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

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global System on Module Market Revenue Anticipated to Exceed USD 4.65 Billion Mark by 2033, Growing at a Robust 15% CAGR

The global system on module market is poised for remarkable expansion, with Future Market Insights (FMI) forecasting a valuation of USD 1.15 billion by 2023, surging to an impressive USD 4.65 billion by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 15%.

This growth trajectory is underpinned by a convergence of influential factors such as urbanization, digitization, widespread online presence, and the widespread adoption of advanced Artificial Intelligence (AI) technology. These elements collectively contribute to the escalating demand for SoM solutions. A pivotal driver behind this market’s growth is the pursuit of enhanced performance in consumer electronics, including smartphones, laptops, tablets, and computers. The strategic integration of chipboards within these systems for specific tasks plays a crucial role in fueling the increasing demand for SoM solutions, positioning the market for significant growth in the foreseeable future.

Key Takeaways:

The system on module market is expected to have a valuation of USD 4.65 billion by 2033.
With a CAGR of 15%, the global market is expected to increase from 2023 to 2033.
The United States system on module market is anticipated to secure a maximum share through 2033.
In the historical period, the market secured a CAGR of 14.1% between 2017 and 2022.
In the historical period, the market captured USD 1.01 billion between 2017 and 2022.

Who is Winning?

The prominent vendors are the leading players in the market that invest a vast amount in acquiring maximum profits. These focus on consumers’ expectations and developing better innovative products that satisfy their requirements. The players are adopting several marketing tactics with advanced technologies to achieve their goals in the global market.

Automobile manufacturers developing advanced autonomous cars with machine learning and sensor technologies are flourishing the market opportunities. Growing demand for embedded systems and cloud-based technologies are increasing the sales of system on module. The innovation of wearable and wireless devices, such as smartwatches, is flourishing the market growth. The adoption of industrial robots and machine learning technology bolsters the market size.

Marketers are developing several advanced devices for end-use industries to reduce workloads and labor work. They are expanding their business to another height through their marketing skills, ideas, and research & development activities. These marketing tactics are mergers, product launches, acquisitions, partnerships, and collaborations.

Advantech Co Ltd., ConnetTech Inc., AAEON Technology, Avnet Inc., EMAC Inc., Avalue Technology, Axiomtek Co Ltd., Eurotech Inc, National Instruments, SECO S.P.A., VIV Technologies Inc., Kontron ST & G,Phytec, Microchip Technology, Emac Inc.,Unex Technology, Digi International Inc., Variscite

Recent Developments in the Market are:

In October 2021, Seco announced its acquisition with Garz and Fricke Group to expand its strength in the European market.
In September 2021, TechNexion announced its partnership with Emteria for developing and uplifting embedded products on the Android operating system.
In 2022, SiFive partnered with BrainChip to design optimized chips with machine learning and Artificial Intelligence technologies for computing edge.
In 2020, e2-s and SoMLabs collaborated on custom design products based on SOMs.

Browse More! https://www.digitaljournal.com/pr/news/system-on-module-market-is-predicted-to-register-a-15-cagr-through-2033-future-market-insights-inc-

Market by Category:

By Product:

Power Architecture
ARM Architecture
x86 Architecture

By Application:

Medical
Transportation
Industrial Automation
Entertainment
Test & Measures

By Standard:

SMARC
Qseven
COMExpress

By Region:

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

Access Report Details for More In-Depth Information!

Author:

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

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Cornstarch Packaging Market is Supposed to Rise at a CAGR of 17.3% by 2033 | Future Market Insights, Inc.

The cornstarch packaging market is expected to see tremendous growth in the coming years. In 2023, the market size is projected to be valued at USD 233.0 million, and it is anticipated to rise to USD 1,145.0 million by 2033. The sales of cornstarch packaging are expected to expand at a remarkable CAGR of 17.3% during the forecast period.

Unlike traditional packaging materials like plastic, cornstarch packaging is made from renewable resources and can be biodegraded or composted after use.

During the pandemic, customers shifted to single-use plastics to protect their health and hygiene. However, with increasing immunization rates, customers and businesses are now focusing on sustainability.

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Cornstarch-based packaging is not only limited to the food industry but is also used in the paper, adhesives, poultry/animal feed, and fireworks industries. This offers a niche market for new entrants who may be able to attract a core audience. As corn starch bags are biodegradable and 30% more durable than existing polythene bags. Making them an appealing option for environmentally conscious consumers.

The complexity and cost of switching from plastic to cornstarch packaging are significant variables that could affect market growth.

However, the fact that starch accounts for only a small portion of the nation’s corn supply indicate that there is much opportunity for capability expansion.

With increasing awareness of the environmental impact of plastic, corn starch-based packaging has the potential to capture a significant market share in the coming years.

Key Takeaways from Cornstarch Packaging Market Study

The food industry is a leading user of cornstarch-based packaging products, accounting for 60.6% of the cornstarch packaging market. The demand for environmentally friendly packaging in the food industry has driven the growth of cornstarch-based packaging.
Europe, with a market share of 30.6% in 2022, is a significant market for cornstarch packaging products. Due to rising consumer demand and government regulations to limit plastic waste.
The United Kingdom witnessed a growth rate of 14.6% during the analysis period. It is also a growing market due to government measures to ban single-use plastic products.
The United States, holding a market share of 14.1% in 2022, is another significant market for cornstarch-based packaging products. As many businesses seek sustainable packaging solutions to meet consumer demand for eco-friendly products and reduce their environmental impact.
The Asia Pacific region, with a growing middle class and increasing demand for packaged food and beverages, is another growing market for cornstarch-based packaging products. Additionally, China is set to record a CAGR of 19.7% between 2023 to 2033.
India is also witnessing a growing demand for cornstarch-based packaging products, with a CAGR of 17.2% during the analysis period. Driven by increased awareness of the benefits of recycling and bioplastics.
Cornstarch-based packaging producers in China are investing in research and development activities. To create new and innovative cornstarch-based packaging products with enhanced features like strength, durability, and heat resistance.

Competitive Landscape

The market for cornstarch packaging is severely fragmented. Several regional enterprises, including those from developing economies, are also vying for market share. The entry barriers are minimal, resulting in the emergence of smaller players and increased competitive competition.

Tetra Pak has partnered with the FINISH Society, a well-known solid waste management NGO. To expand the collection of used carton containers in Udaipur, India, beginning in June 2021.

Amcor Rigid Packaging (ARP) announced the invention and introduction of PowerPostTM in May 2022. By aggressively dislodging the vacuum in the container after filling. PowerPost technology generates roughly one-third of lighter bottles with 30% less energy and 30% less carbon than conventional 20 oz. bottles.

Key Players

Amcor Ltd.
Constantia Flexibles Group GmbH
Berry Global Group, Inc.
Huhtamäki Oyj
Sonoco Products Company
Bemis Company, Inc.
Sealed Air Corporation
AR Packaging Group AB
Mondi Group
DS Smith Plc
CCL Industries Inc.

Key Segments Covered in the Cornstarch Packaging Market Report

By Product Type:

Pouches
Bags
Boxes
Tableware

By End Use:

Food
Personal Care and Cosmetics
Pharmaceuticals
Retail
Textile

By Sales Channel:

Online
Offline

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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Global Brain Implants Market Set for Explosive Growth, Projected to Reach USD 18 Billion by 2032

The global brain implants market is on the brink of extraordinary expansion, with estimates forecasting the market to reach a staggering USD 18 billion by 2032. This remarkable growth trajectory, driven by a robust compound annual growth rate (CAGR) of 12.3%, highlights the increasing demand for innovative medical solutions that address critical neurological conditions.

In 2022, the brain implants market was valued at over USD 5.7 billion, and its rapid expansion is fueled by several key factors. One of the most significant drivers is the rising incidence of nervous system cancers. According to GLOBOCAN 2020 data, there were approximately 308,102 new cases of brain and nervous system cancers worldwide in 2020. This alarming statistic, coupled with the aging population in developed nations, underscores the urgent need for advanced medical interventions, particularly in the field of brain implants.

Additionally, the market’s growth is being propelled by cutting-edge technologies tailored to meet individual patient needs. As healthcare providers prioritize improving treatment efficacy and patient outcomes, innovative brain implant solutions are becoming indispensable.

The prevalence of conditions such as trauma, malignant tumors, and congenital deformities further emphasizes the need for advanced brain implants. The medical community’s increasing focus on personalized care and technology-driven solutions is expected to play a pivotal role in shaping the future of the market.

“We are witnessing a transformative phase in the brain implants market,” stated a representative from FMI. “The convergence of rising cancer cases, an aging population, and technological advancements is setting the stage for unprecedented growth in this sector.”

There are several factors that are propelling the demand for brain implants:

Rising neurological disorders: As the population ages, there’s a growing need for treatment options for conditions like Parkinson’s disease, epilepsy, and depression. Brain implants offer a potential long-term solution for these patients when medication proves ineffective.
Mental health needs: Conditions like stress and obesity-related depression are becoming more prevalent. Brain implant technologies are being explored as a possible treatment option for these conditions.
Technological advancements: MRI and new technologies like deep brain stimulation are making brain implant surgery more precise and effective. This is leading to more patients being considered as candidates for this type of treatment.
Improved mobility: Technologies like motor neuron prostheses, Brain Computer Interfaces (BCI), and micro electrode arrays are being used to help patients with mobility issues. These advancements are increasing the potential applications of brain implants.

Overall, the demand for brain implants is being driven by a combination of factors, including the growing need for treatment options for neurological and mental health conditions, along with the development of new and more sophisticated technologies.

Rising Interest in Market Trends: Our Detailed Report Provides Essential Insights!

Competitive Analysis:

Market players are continually advancing analytical solutions and broadening their product offerings. Companies in the brain implants market are concentrating on strategic alliances, technology collaborations, and product launch initiatives. Tier 2 players in the market are aiming to increase their share of the brain implant market.

Recent developments from key neural implant providers include:

In April 2022, the FDA approved brain stimulation software for use in Parkinson’s disease. The Vercise Neural Navigator with Stimview XT enables clinicians to visualize lead placement and stimulation modeling, offering patient-specific 3D modeling for tailored therapy. This software is designed to aid in lead placement, reduce programming time, and enhance treatment decisions.
In June 2021, Medtronic plc received FDA approval for its SenSight Directional Lead System, used in deep brain stimulation therapy.

Key Companies Profiled:

Abbott Laboratories
Medtronic PLC
NeuroPace Incorporation
Nevro Corporation
Aleva Neurotherapeutics SA
Synapse Biomedical Incorporation
Boston Scientific Corporation
Sapiens Neuro
Edwards Lifesciences Corporation

Brain Implants Market Segmentation:

By Product Type:

Deep Brain Stimulator
Spinal Cord Stimulator
Vagus Nerve Stimulator

By Application:

Brain Implant for Chronic Pain
Brain Implant for Epilepsy
Deep Brain Simulation for Parkinson’s Disease
Brain Implant for Depression
Brain Implant for Essential tremor
Brain Implant for Alzheimer’s Disease

By Region:

North America
Latin America
Europe
APAC
MEA

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Global Patient Handling Equipment Market Poised for Steady Growth, Projected to Reach USD 15.9 Billion by 2034

The global patient handling equipment market is set for robust growth, with market size expected to increase from USD 10.3 billion in 2024 to USD 15.9 billion by 2034, representing a compound annual growth rate (CAGR) of 4.4% over the forecast period. This sustained growth is driven by innovations in ergonomic design, a focus on sustainability, and the increasing need for equipment that supports rehabilitation and mobility training.

Manufacturers are placing a strong emphasis on developing ergonomic designs to enhance user comfort and safety. Key features include adjustable heights, padded surfaces, and intuitive controls, all aimed at reducing the risk of musculoskeletal injuries among caregivers and improving the overall patient handling experience. These advancements ensure that both caregivers and patients benefit from improved comfort and ease of use.

Sustainability considerations are becoming increasingly important in the design and manufacturing of patient handling equipment. Companies are integrating eco-friendly practices into their operations, focusing on energy efficiency, recyclability, and the use of eco-friendly materials. These efforts not only meet environmental objectives but also attract eco-conscious consumers who prioritize sustainable products.

The market is also witnessing a trend towards the customization of patient handling equipment to support rehabilitation and mobility training programs for patients with disabilities or injuries. Customizable features and therapeutic accessories are being incorporated to facilitate personalized care plans and promote patient independence. This focus on tailored solutions is helping patients achieve better outcomes and enhancing their quality of life.

The patient handling equipment market is on a steady growth trajectory, driven by innovations in ergonomic design, a commitment to sustainability, and the need for specialized rehabilitation and mobility support. As the market continues to expand, manufacturers are expected to keep pace with these trends, offering advanced solutions that meet the evolving needs of caregivers and patients alike.

Key Takeaways: Patient Handling Equipment Market

The patient handling equipment market is expected to reach USD 15.9 billion by 2034, growing at a steady CAGR of 4.4%.
The increasing prevalence of obesity is driving demand for equipment designed for higher weight capacities.
The aging population and related mobility issues are leading to a greater need for advanced equipment to ensure safe patient care.
Stricter regulations from OSHA are pushing healthcare facilities to invest in equipment like lifts to minimize worker injuries.
Government investments in healthcare infrastructure, accessibility, and technology adoption are boosting the market.
Increasing disposable income is allowing more people to access quality healthcare services that utilize patient handling equipment.

Increased Market Attention: Delve into Detailed Trends and Analysis with Our Report!

Competitive Landscape:

In the patient handling equipment market, companies are experiencing robust growth, fueled by expanding healthcare infrastructure, technological advancements, and the increasing demand for patient comfort and safety. Leading players are consistently innovating, introducing ergonomic designs, lightweight materials, and advanced features such as electric-powered lifts and mobility aids.

Furthermore, there is a heightened focus on improving efficiency and minimizing caregiver injuries, leading to investments in smart patient-handling solutions. With a strong emphasis on user-friendly designs and adherence to safety regulations, companies are striving to capture larger market shares and enhance their global presence in this crucial healthcare sector.

In March 2023, Joerns Healthcare, a vertically integrated provider of healthcare services and equipment in the USA post-acute care market, announced a strategic shift to concentrate all resources on the sales and service of medical equipment. Joerns Healthcare continues to be a leader in post-acute care, wound care, and patient handling. With a rich 134-year history of delivering quality products and services, Joerns Healthcare is poised to become a standalone enterprise in the USA capital market.

Company Profile:

Getinge AB
Stryker Corporation
Paramount Bed Co. Ltd
Invacare Corporation
Hill Rom Services
Guldmann Inc
Stiegelmeyer GmbH & Co. KG
Linet Inc
Joerns Healthcare
HoverTech International
Handicare Group
Benmor Medical Ltd

Patient Handling Equipment Market by Category:

By Product:

In terms of product, the market includes wheelchairs and scooters, medical beds, ambulatory aid devices, bathroom safety equipment, and others.

By Type of Care:

Types of care provided by patient handling equipment are categorized into bariatric care, fall prevention, critical care, wound care, and others.

By Accessories:

In terms of accessories, the market is segmented into stretcher accessories, hospital bed accessories, lifting accessories, transfer accessories, and evacuation accessories.

By End Use:

The end use industries include hospitals, home care settings, elderly care facilities, orthopedic care, and others.

By Region:

As per region, the industry is divided into North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa.

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