Tech-Savvy Hotel Chains Market Set for Rapid Growth Driven by Digital Transformation and Consumer Demand for Enhanced Guest Experiences

The global tech-savvy hotel chains market is poised for significant growth, with an estimated market size of USD 70,898.5 million in 2024, projected to reach USD 294,394.8 million by 2034. This growth represents a compound annual growth rate (CAGR) of 15.3% between 2024 and 2034, driven by the increasing demand for digital transformation, personalized guest experiences, and enhanced operational efficiencies.

The market’s growth trajectory is attributed to the hospitality industry’s ongoing technological revolution, as hotel chains increasingly integrate innovative solutions such as mobile check-ins, voice-controlled room systems, automated services, and energy-efficient technologies to meet the evolving expectations of tech-savvy consumers. In 2023, the industry size was recorded at USD 61,597.3 million, with an impressive year-over-year (Y-o-Y) growth rate of 13.1% projected for 2024.

Key Market Drivers

  • Rising Demand for Digitalization
    Technology in the hospitality industry has become a key differentiator, with hotel chains adopting digital solutions to streamline operations, enhance customer service, and reduce costs. Automated check-ins, contactless room service, and voice-activated smart rooms are becoming industry standards, appealing to customers who value convenience, security, and minimal contact.
  • Voice Technology and Smart Personal Assistants
    Voice-activated systems like Amazon Alexa and Google Assistant are rapidly changing how guests interact with hotel services. From controlling room settings to accessing services, these technologies are revolutionizing guest engagement, making it one of the primary factors driving market growth.
  • Sustainability and Eco-Friendly Technologies
    The shift toward sustainability is another crucial factor, as hotels increasingly adopt renewable energy sources and eco-friendly practices. The growing emphasis on energy-efficient room systems and smart technologies is appealing to both environmentally conscious guests and businesses aiming to reduce operational costs.
  • Security Enhancements
    With increasing global concerns about safety, many hotel chains are turning to advanced security technologies such as facial recognition, biometric access systems, and surveillance integrations to ensure the safety of their guests, thus driving the demand for tech-savvy hotel solutions.

Regional Insights

  • United States: As a major player in the North American market, the U.S. tech-savvy hotel chains sector is expected to grow at a CAGR of 7.8% from 2024 to 2034. The U.S. market is driven by strong tourism, high customer expectations for technological advancements, and the rapid adoption of mobile check-ins, concierge services, and in-room automation.
  • United Kingdom: With a growing influx of international travelers, particularly to cities like London, the UK is set to see a CAGR of 8.9% by 2034. Hotels are increasingly adopting technology to stay competitive, offering tech-enhanced services and incorporating advanced booking systems and in-room innovations to meet evolving consumer demands.
  • Japan: Japan stands out as a leader in the Asia Pacific region, with a projected CAGR of 17.3% by 2034. Japanese consumers and foreign tourists are driving the demand for tech-savvy hotel chains, with innovations such as app-based check-ins, smart room management systems, and personalized guest services gaining widespread popularity.

Consumer Trends

  • Age Group: The 36-45 years age group is expected to drive the highest demand, as these consumers are particularly tech-savvy and seek innovative, seamless experiences during their travels.
  • Gender: Female travelers are projected to contribute the largest market share, driven by their increasing influence on travel decisions and a preference for personalized, secure, and accessible hotel services.

Competitive Landscape

The intense competition within the hotel chains market is largely driven by the rapid adoption of technologies such as artificial intelligence, the Internet of Things, and mobile applications. Both traditional hotel brands and tech-savvy newcomers are vying for market dominance, each striving to integrate innovative solutions that enhance guest satisfaction and operational efficiency. Established players are increasingly investing in technological upgrades and forming partnerships with tech providers to stay competitive.

For Instance

  • In 2023, Marriott International signed a deal with Groups360 to enhance the way meetings and events are booked. It enables the planner to see the best available group rates and inventory on the Internet, thus making the booking easier.
  • In 2023, Hyatt introduced “Together by Hyatt” in collaboration with Swapcard, a hybrid and virtual event management platform. The initiative is to merge the on-site and online presence to make the experience for online attendees better through AI.

Key Companies Profiled

W Singapore

The Hotel Silken Puerta América

The Yotel New York City

Eccleston Square Pimlico

Pengheng Space Capsules Hotel

Blow Up Hall 5050

City Hu

Kameha Grand

Hotel Zetta

Henn Na Hotel

Others

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Global Tech savvy hotel chains Market by Category

By Tour Type, Global Tech Savvy Hotel Chains Market Is Segmented As:

  • Domestic
  • International

By Tourist Type, Global Tech Savvy Hotel Chains Market Is Segmented As:

  • Independent Traveler
  • Tour Group
  • Package Traveler

By Consumer Orientation, Global Tech savvy hotel chains Market Is segmented as:

  • Men
  • Women
  • Children

By Age Group, Global Tech Savvy Hotel Chains Market Is Segmented As:

  • 26-35 Years
  • 36-45 Years
  • 46-55 Years

By Region, Global Tech Savvy Hotel Chains Market Is Segmented As:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Hotel Channel Management Market Set for Strong Growth Driven by Digital Transformation and Online Booking Trends

The global hotel channel management market is set for significant expansion, projected to grow from USD 802.1 million in 2024 to USD 1,780.3 million by 2034, reflecting a compound annual growth rate (CAGR) of 8.3%. This surge underscores the increasing reliance of hotels on advanced channel management systems to streamline online bookings, reduce manual errors, and optimize distribution strategies across multiple platforms.

The driving force behind this growth is the booming demand for online booking platforms and online travel agencies (OTAs), which have made effective channel management critical for hotels aiming to maximize visibility and revenue. As the hotel industry becomes more digitally oriented, centralized automation solutions are becoming indispensable in maintaining competitive advantages in an increasingly crowded digital landscape.

Key Growth Drivers

  • Increasing Online Travel Agencies (OTAs): The rise of platforms like Expedia, Booking.com, and Airbnb has prompted hotels to adopt automated channel management systems. These systems enable efficient synchronization of inventory, pricing, and reservations across multiple booking platforms, reducing the risk of overbooking and double bookings.
  • Direct Bookings via Websites & Apps: As hoteliers look to minimize reliance on third-party OTAs to save on commission costs, direct bookings through hotels’ websites and mobile apps are becoming increasingly important. Channel management solutions are central to managing both direct and third-party distribution channels.
  • Integration with Property Management Systems (PMS): Hotels are increasingly integrating channel management systems with their Property Management Systems (PMS) for real-time synchronization of reservations, pricing, and availability across all distribution channels. This integration is vital for streamlining operations and ensuring seamless guest experiences.

A Technological Shift in the Hospitality Industry:

Hotels are leveraging cloud-based, Software-as-a-Service (SaaS) channel management systems, which offer scalability, flexibility, and cost-effectiveness compared to traditional on-premises solutions. These cloud solutions enable real-time updates to availability and pricing, connecting hotels to major OTAs, regional platforms, and metasearch engines such as Google Hotel Ads and TripAdvisor. This connectivity increases the potential for direct bookings and enhances the hotel’s visibility across multiple platforms.

Key Industry Trends

  • Rise of Mobile and App-Based Bookings: The growing trend of mobile-based travel reservations is shaping the way hotel distribution takes place. Channel management systems that offer seamless integration with mobile booking platforms are in high demand as tech-savvy guests expect effortless booking experiences.
  • Advanced Analytics and AI Integration: AI-powered channel managers are allowing hotels to analyze booking data, predict trends, optimize pricing strategies, and maximize revenue opportunities. These systems help hotel operators make data-driven decisions to stay competitive in the fast-evolving online booking landscape.

Regional Insights

  • United States: The hotel channel management market in the U.S. is expected to grow steadily at a CAGR of 3.9% through 2034, driven by a mature hospitality industry and increasing digital bookings.
  • Canada: Canada’s hotel channel management market is forecast to grow at a CAGR of 10.3% through 2034, fueled by strong demand for digital solutions in a thriving tourism and business travel market.
  • United Kingdom: The U.K. market is projected to expand at a CAGR of 4.4% through 2034, supported by the influx of international tourists and increased adoption of channel management systems.
  • China: China’s hotel channel management market is set to grow at a CAGR of 12.2% through 2034, driven by rapid technological adoption and a booming domestic travel sector.
  • India: India’s market is forecast to grow at a CAGR of 14.7% through 2034, fueled by strong domestic tourism, urbanization, and increasing tech-savvy travelers.

Competitive Landscape

The hotel channel management market is highly competitive, with companies focusing on price, features, and customer service to attract hotels. They offer customizable, efficient solutions to meet specific needs.

Driven by innovative digital marketing strategies like SEO, social media, and targeted advertising, the industry is experiencing rapid growth. Companies emphasize unique features such as advanced analytics, real-time inventory management, and integration with booking platforms to stay competitive.

Affordability is key, with many companies offering flexible pricing, budget-friendly packages, and transparent fees to appeal to a broad range of hotels, from boutiques to large chains.

Mergers and acquisitions are also a common strategy, helping companies expand market presence, acquire new technologies, and strengthen their competitive position.

Industry Updates

  • In May 2024, SiteMinder launched its top-notch platform for mobile devices. This authorizes accommodation providers to manage revenue and handle real-time risks anywhere, not just at their desks. The mobile app marks the initial stage of SiteMinder’s smart platform delivery, a significant step toward democratizing advanced revenue management for all hotels globally.
  • In December 2023, Revivo introduced its leading channel management suite, Hotel X. It’s India’s inaugural all-inclusive Hospitality Management and Growth platform designed for progressive hotels nationwide. Developed by hoteliers, Hotel X is a comprehensive SaaS solution that adeptly automates and manages hotel operations, improving revenue globally.
  • In March 2023, Guestcentric unveiled HyperCommerce, a channel management solution for hotel eCommerce and distribution needs. It enables hotels to provide personalized experiences, adopt attribute-based pricing, and create additional revenue streams. It meets the demand for omnichannel presence and integrates with emerging booking channels like social media and conversational interfaces.

Leading Hotel Channel Management Brands

  • eRevMax
  • SkyTouch Technology
  • Hotelier
  • SiteMinder
  • RateGain
  • SmartHOTEL
  • InnQuest
  • StayNToch
  • Vertical Booking
  • Profitroom
  • Little Hotelier
  • Intuitive

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Key Segments of Market Report

By Type:

In terms of type, the industry is trifurcated into budget, standard, and premium.

By Service Type:

Based on service type, the industry is divided into accommodation, food and beverage, and others.

By Occupants:

Depending on occupants, the industry is categorized into solo and group.

By Region:

A regional analysis of the hotel channel management market is conducted across North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, and the Middle East and Africa

About Future Market Insights (FMI)

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

Contact Us:

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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Personalized Skincare Serum Market to Reach USD 2,477.3 Million by 2034, Driven by AI and Machine Learning Innovations

The personalized skincare serum market is poised for substantial growth, with an estimated value of USD 650.9 million in 2024, and is projected to exceed USD 2,477.3 million by 2034, reflecting a robust compound annual growth rate (CAGR) of 14.3%. This expansion is largely fueled by advancements in artificial intelligence (AI) and machine learning, which enable brands to create highly tailored skincare solutions based on individual skin types and conditions.

As consumers become increasingly selective in their skincare choices, AI-driven technologies harness big data to assess factors such as skin type, lifestyle, and environmental influences, ensuring more precise product recommendations. This personalized approach not only boosts the effectiveness of skincare regimens but also strengthens brand loyalty as customers experience noticeable improvements in their skin health.

Key Drivers of Market Growth in the Personalized Skincare Serum Market

  • Advancements in AI and Machine Learning:
    The integration of AI technologies allows brands to analyze individual skin types, conditions, and environmental factors, resulting in highly personalized product recommendations that meet consumers’ specific needs.
  • Consumer Demand for Clean and Organic Ingredients:
    Increasing awareness of the potential risks associated with synthetic ingredients is driving consumers toward natural, non-toxic skincare products, boosting the popularity of personalized serums.
  • Emergence of Epigenetic Skincare:
    Products that utilize epigenetic principles to target skin cell functions at a genetic level are gaining traction, appealing to consumers interested in innovative solutions that promote long-term skin health.
  • Growth of Subscription Services:
    Subscription models provide convenience and personalization, allowing consumers to receive customized products regularly, thereby enhancing customer loyalty and brand engagement.
  • Sustainability Initiatives:
    As consumers prioritize ethical sourcing and environmental responsibility, brands that adopt sustainable practices—such as eco-friendly packaging and responsible ingredient sourcing—can differentiate themselves in the market.
  • Influencer Marketing and Social Media Influence:
    The role of influencers in promoting personalized skincare solutions through social media channels is significant, as they educate and inspire consumers, leading to increased adoption of tailored products.

Key Takeaways from the Personalized Skincare Serum Market

  • The personalized skincare serum market is projected to grow from USD 650.9 million in 2024 to over USD 2.48 billion by 2034, with a CAGR of 14.3%.
  • AI and machine learning innovations are key in tailoring skincare solutions to individual needs based on skin type and environmental factors.
  • There is a strong consumer shift towards clean and organic ingredients, driving demand for personalized skincare products.
  • Epigenetic skincare is emerging as a trend, focusing on products that influence skin cell functions at a genetic level.
  • Subscription services are gaining popularity, offering convenience and customization that enhance customer loyalty.
  • Sustainability practices are increasingly important, with consumers favoring brands that prioritize ethical sourcing and eco-friendly packaging.
  • Influencer marketing on social media plays a significant role in promoting personalized skincare, driving consumer awareness and adoption.

Competitive Landscape of the Personalized Skincare Serum Market

The personalized skincare serum market includes prominent brands such as SkinCeuticals and Clinique iD, known for their extensive reach and strong credibility. Meanwhile, new entrants like Curology and Proven Skincare are pushing the envelope with technology-driven direct-to-consumer models and customized solutions.

Recent Developments

  • In May 2024, Idunn’s Apple launched AGELESS™, a novel technology that is a unique combination of AI with epigenetic algorithms. It allows personalizing the ingredients of skincare products starting from the database containing over two hundred thousand indexed ingredients. The database also has twenty thousand brand products and other vast epigenetic skin quality test data to create over a thousand types of combinations of serums, creams, lotions, and cleansers.
  • In January 2024, And Begin, a new personalized skincare brand launched a new service of midlife skin. The brand aims to “champion midlife women whilst perfectly meeting their skincare needs” with on-demand dermatology consultations.

Key Players in the Personalized Skincare Serum Industry

  • Curology
  • SkinCeuticals
  • Proven
  • Skinsei
  • Yours
  • Atolla
  • Apostrophe
  • Function of Beauty
  • MixNature
  • SkinKraft
  • Bambu Earth
  • MDacne
  • Belle Bar Organic
  • Savor Beauty
  • Skin Inc.

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Segmentation Analysis

By Product Type:

The industry is segmented into Anti-Aging Serum, Skin Whitening Serum, Anti-Ace Serum, Glowing Skin Serum, Anti-Blemish Serum, and Others.

By Formulation:

The sector is classified into Oil, Gel, Emulsion, and Others.

By Skin Type:

The industry trifurcates into Dry, Sensitive, and Oily.

By Sales Channel:

The sector is segregated into Supermarkets/Hypermarkets, Department Stores, Beauty Retailers, Specialty Stores, Online Retailers, and Others.

By Region:

Analysis of the market has been conducted in the countries of North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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 Maternity Activewear Market Set to Grow at a CAGR of 5.7%, Reaching USD 13.3 Billion by 2034

The maternity activewear market is set for significant growth, with a projected valuation of USD 7.6 billion by 2024. As more expectant mothers prioritize both comfort and style, the market is on track to reach an impressive USD 13.3 billion by 2034.

Driven by a steady CAGR of 5.7%, this market’s evolution reflects a blend of fashion, functionality, and empowerment, providing activewear that supports mothers-to-be in their dynamic lifestyles with confidence and ease.

The rise of pregnancy-specific activewear as a distinct category within maternity clothing highlights changing lifestyle trends and shifting consumer demands, emphasizing the increasing importance of comfort, practicality, and style during pregnancy.

As prenatal fitness gains popularity, there is a growing demand for specialized sportswear designed to meet the unique needs of expectant mothers. Retailers and businesses face challenges in managing inventory due to the limited shelf life of maternity apparel, as well as the varying lengths of pregnancies and individual preferences.

Balancing supply and demand is critical, with overstocking on certain sizes or styles often leading to inventory issues. This can require clearance sales to clear excess stock and protect profit margins. However, the rise of e-commerce presents significant opportunities for maternity apparel brands to expand their reach and improve the shopping experience for pregnant women.

Online platforms like ASOS Maternity make it easier for expectant mothers to shop for maternity clothing, offering convenience and accessibility to explore and purchase items from the comfort of their own homes.

Key Takeaways from the Market Study

  • Based on product type, the outerwear segment is accounted to hold a market share of 74.4% in 2024.
  • The United States is expected to register at a CAGR of 5.9% by 2034.
  • The United Kingdom registers significant growth, projected at a CAGR of 6.5% by 2034.
  • Based on material type, the cotton segment is accounted to hold a market share of 41.1% in 2024.

Competitive Landscape

Emerging brands are disrupting the market by introducing eco-friendly materials and offering inclusive sizing options, taking on established industry leaders.

They differentiate themselves with a mix of trendy designs, cutting-edge fabric technologies, and tailored customer experiences. As a result, these brands are vying to win over expectant mothers who prioritize comfort, style, and functionality in their maternity activewear.

Some of the key developments

  • In March 2024, H&M Group and Vargas Holding unveiled Syre, and its collaboration aimed at advancing textile-to-textile recycled polyester, marking a significant stride toward sustainability in the fashion industry.
  • In March 2024, Converse launched the Chuck Taylor All-Star Play Lite CX, tailored specifically for Kids, promising a fusion of comfort, style, and durability to delight young sneaker enthusiasts.

Key Companies Profiled

  • Ingrid & Isabel
  • Blanqi
  • Motherhood Maternity
  • Seraphine
  • Active Truth
  • FittaMamma
  • Cadenshae
  • Cake Maternity
  • HATCH
  • Mumberry
  • Boob Design
  • Noppies
  • Beyond Yoga (Maternity Collection)
  • Gap Maternity
  • PinkBlush Maternity

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Key Segments

By Product Type:

  • Outerwear
    • Tops
    • Tunics
    • Bottom
    • Dresses
    • Others
  • Innerwear
    • Lingeries
    • Camisoles
    • Others
  • Nightwear

By Material Type:

  • Cotton
  • Nylon
  • Polyester
  • Synthetic
  • Spandex
  • Others

By Sales Channel:

  • Wholesalers/Distributors
  • Hypermarkets/Supermarkets
  • Speciality Stores
  • Multi-Brand Stores
  • Online Retailers
  • Other Sales Channel

By Region:

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

About Future Market Insights (FMI)

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

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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Organic Vegan Face Cream Market Set for Significant Growth, Poised to Reach USD 6.9 Billion by 2034

The global market for organic vegan face creams is experiencing an extraordinary surge, driven by a rapidly growing consumer interest in sustainable, ethical, and health-conscious skincare solutions. According to recent findings from Future Market Insights, the organic vegan face cream market is expected to reach a valuation of USD 3.0 billion by 2024 and grow to USD 6.9 billion by 2034, reflecting a steady compound annual growth rate (CAGR) of 8.6% over the next decade.

The organic vegan face cream market has witnessed robust growth due to the rising consumer awareness of the benefits of natural ingredients, ethical production, and sustainability. As consumers demand more transparency and authenticity from beauty brands, organic vegan products are emerging as a preferred choice for individuals seeking skincare solutions that align with their values.

Market Drivers

  • Growing Demand for Organic and Vegan Products: Increasing consumer interest in organic, cruelty-free, and vegan products is significantly contributing to the market expansion. Consumers are increasingly choosing skincare options made from plant-based ingredients, free from harmful chemicals, fragrances, and animal-derived components.
  • Environmental and Animal Welfare Awareness: Rising awareness around environmental issues and animal welfare is pushing the demand for ethical skincare products. Vegan face creams, which are free from animal testing and harmful additives, resonate with the values of ethically-conscious consumers.
  • Influence of Social Media: Social media platforms and beauty influencers have played a pivotal role in educating consumers about the benefits of clean and sustainable beauty products. Celebrity endorsements and influencer recommendations are shaping purchasing decisions, especially in key markets like China and the United States.
  • Clean Beauty Movement: The clean beauty movement, emphasizing non-toxic, safe, and effective skincare, is gaining significant momentum. This shift is driving the growth of the organic vegan face cream market as consumers look for skincare solutions that prioritize both safety and sustainability.

Market Challenges

Despite the positive growth outlook, challenges remain, including:

  • Higher Price Points: Organic vegan face creams often come with a premium price tag compared to conventional skincare products, which may hinder adoption among price-sensitive consumers.
  • Limited Awareness: While awareness is increasing, there are still gaps in consumer knowledge about the benefits of organic vegan face creams, especially in emerging markets.
  • Product Efficacy Perception: Some consumers still question the performance of organic vegan skincare products compared to traditional alternatives, which may impact overall market growth.

Regional Insights

  • United States: The organic vegan face cream market in the U.S. is growing steadily with a CAGR of 4.9% through 2034, driven by rising consumer interest in sustainability and ethical skincare.
  • Germany: Germany’s organic vegan face cream market will expand at a CAGR of 5.3% through 2034, fueled by strong ethical values and stringent regulatory standards around organic and vegan certifications.
  • China: China is experiencing rapid market growth with a CAGR of 14.2% through 2034, driven by celebrity endorsements, influencer marketing, and increasing health and wellness awareness.
  • Japan: Japan’s market is set to grow at a CAGR of 9.5% through 2034, as health-conscious consumers embrace organic vegan face creams aligned with their wellness-focused lifestyles.
  • India: India’s organic vegan face cream market is expected to grow at a CAGR of 12.8% through 2034, with increasing demand for Ayurveda-based, plant-powered skincare products.

Competitive Landscape

The organic vegan face cream market features a diverse mix of competitors, including established skincare brands, specialized organic beauty companies, and emerging startups. These players vie for market share through factors such as product quality, brand reputation, innovation, pricing strategies, distribution networks, and marketing tactics.

Company Portfolio

  • Dr. Hauschka offers a range of organic and vegan face creams formulated with natural botanical extracts, oils, and plant based ingredients. Their face creams are designed to nourish, hydrate, and rejuvenate the skin while promoting a healthy complexion.
  • Herbivore Botanicals specializes in natural and vegan skincare products, including face creams infused with plant derived ingredients and essential oils. Their face creams are formulated to address various skin concerns, such as dryness, dullness, and aging, while remaining free from synthetic fragrances, parabens, and other harmful chemicals.

Key Companies Profiled

  • Dr. Hauschka
  • Herbivore Botanicals
  • Youth to the People
  • Andalou Naturals
  • Pai Skincare
  • Acure
  • True Botanicals
  • Osea Malibu
  • Inika Organic
  • Avalon Organics

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Segmentation Analysis of the Organic Vegan Face Cream Market

By Skin Type:

  • Dry Skin
  • Oily/Acne Prone Skin
  • Combination Skin
  • Sensitive Skin

By Ingredient Type:

  • Organic Ingredients
  • Vegan Formulations
  • Botanical Extracts
  • Hyaluronic Acid
  • Plant Oils

By Functionality:

  • Hydration and Moisturization
  • Anti-aging Benefits
  • Brightening and Even Tone
  • Soothing and Calming

By Packaging Type:

  • Jars and Tubs
  • Airless Pump Bottles
  • Travel Sized and On the Go Packaging

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Drug Stores and Pharmacies
  • Convenience Stores
  • Online Retailers
  • Other Sales Channels

By Region:

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

About Future Market Insights (FMI)

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

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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Customized Hair Care Market Poised for Strong Growth with AI-Driven Personalization and Innovative Product Developments

The customized hair care market is poised for strong growth, projected to expand at a CAGR of 10.0% from 2024 to 2034. Starting at USD 4.01 billion in 2024, the market is expected to reach USD 10.40 billion by 2034.

This growth is fueled by a rising consumer demand for personalized beauty solutions that cater to individual needs. As consumers shift away from generic, one-size-fits-all products, there is an increasing focus on customized hair care that addresses specific concerns such as hair texture, scalp health, and the effects of environmental factors. This shift toward tailored solutions reflects a broader trend toward individuality in the beauty and wellness industry.

Key Trends Influencing the Customized Hair Care Market

  • Growing Demand for Personalization: Consumers today expect hair care products that cater to their individual needs, from hair texture to specific concerns like dryness, frizz, or color maintenance. Companies offering customizable formulas based on detailed hair assessments are gaining traction in the market.
  • Technological Advancements: The rise of AI-driven diagnostics and DNA analysis is enabling brands to offer hyper-personalized hair care solutions. These technologies help create products that consider genetic factors, hair type, and lifestyle, offering a more precise match for individual needs.
  • Sustainability Focus: As awareness about environmental impact grows, consumers are looking for eco-friendly, sustainable hair care options. Brands offering customized solutions with clean, natural ingredients and minimal packaging are positioning themselves as leaders in the market.
  • Direct-to-Consumer (DTC) Business Models: The success of DTC models in the beauty and wellness industry has made personalized hair care products more accessible. Online platforms offering bespoke formulations are creating a strong foothold through subscription services and seamless user experiences.
  • Increased Health Awareness: Consumers are becoming more aware of how diet, lifestyle, and environmental factors affect hair health. As a result, there is a growing demand for products that not only treat external hair concerns but also support overall scalp and hair health from the inside out.

Regional Insights

  • India: The Indian customized hair care market is set for impressive growth with a CAGR of 11.3%, driven by increased consumer awareness and demand for organic hair products to combat environmental and lifestyle-induced hair issues.
  • China: The Chinese market is expected to grow at a CAGR of 9.4%, fueled by rising demand for innovative, customized hair care solutions, especially in conditioners, with a focus on organic and performance-driven products.
  • Australia: The Australian market is poised for significant expansion at a CAGR of 8.7%, as consumer interest in premium, personalized hair care products and scalp care treatments rises, supported by digital tutorials and style trends.
  • Japan: Japan’s personalized hair care market is projected to grow at a CAGR of 7.0%, with strong demand for natural, toxin-free solutions and a notable rise in youth-oriented and anti-aging hair care products.
  • Singapore: Singapore’s customized hair care sector is anticipated to grow at a CAGR of 7.6%, driven by high disposable incomes, growing awareness of hair protection, and a surge in demand for premium and organic hair care solutions.

Competitive Landscape

The customized hair care market is expected to grow driven by increased spending on personal care products, rising disposable income in emerging economies, and a higher uptake of salon services. Shifting grooming habits, especially among male consumers, are likely to further fuel market expansion. However, high product prices and limited availability of professional-grade hair care items may hinder growth.

The introduction of highly specialized products, particularly in shampoos and hair colorants, along with solutions for grey hair, dandruff, and hair loss in developing countries, is projected to boost market demand. Leading brands are enhancing product penetration through online retail channels and targeted advertising. Aggressive promotional strategies, such as TV commercials and value-added bundles, have also contributed to an increase in hair care product purchases.

Recent Developments in the Customized Hair Care Market

  • In April 2024, Perfect Corp. introduced AI Hair Type Analysis technology, allowing users to identify hair texture, thickness, and curl patterns in seconds. This innovative tool can recognize up to 10 curl patterns and shapes, revolutionizing hair care shopping experiences and brand engagement.
  • In December 2023, Hong Kong start-up HairCoSys developed an AI-powered app to detect and prevent hair loss using photos of users’ heads. Using microscopic images, the app uses patented algorithms to calculate hair number and shaft thickness.
  • In August 2023, Sephora introduced a new line of customizable hair products from Function of Beauty, starting at US$ 4. The naturally derived collection, which includes hair goal concentrate, custom recovery shampoo, and custom recovery conditioner mask, is designed to cater to unique hair needs.

Key Companies

  • L’Oréal S.A.
  • Estée Lauder Companies Inc.
  • Johnson & Johnson Consumer Inc.
  • Procter & Gamble Co. (P&G)
  • Unilever
  • Shiseido Company, Limited
  • Beiersdorf AG
  • Amorepacific Corporation
  • Kao Corporation
  • Colgate-Palmolive Company
  • Coty Inc.
  • Nu Skin Enterprises, Inc.

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Key Segments

By Product Type:

  • Shampoos
  • Conditioners
  • Hair Masks
  • Hair Oils
  • Styling Products
    • Gels
    • Mousses
    • Sprays
    • Serums
  • Leave-In Treatments
  • Scalp Treatments

By Consumer Orientation:

  • Women
  • Men
  • Unisex

By Hair Type:

  • Straight Hair
  • Wavy Hair
  • Curly Hair
  • Kinky Hair
  • Coily Hair

By Hair Concerns:

  • Dry and Damaged Hair
  • Frizzy Hair
  • Oily Scalp
  • Dandruff and Flaky Scalp
  • Color-Treated Hair
  • Thinning Hair
  • Others

By Distribution Channel:

  • Modern Trade
  • Departmental Stores
  • Convenience Stores
  • Specialty Stores
  • Mono Brand Store
  • Online Retailers
  • Others

By Region:

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

About Future Market Insights (FMI)

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

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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Sustainable Packaging Fuels Growth: Corrugated Board Market Valued at USD 277.75 Billion by 2033

The global corrugated board market is projected to experience robust growth over the next decade, with a forecasted CAGR of 6.8% from 2023 to 2033. The market, valued at USD 143.86 billion in 2023, is expected to soar to USD 277.75 billion by 2033.

This growth is fueled by the rise of e-commerce and a shift toward environmentally conscious packaging solutions. As consumers become more aware of the environmental impact of packaging, the demand for sustainable alternatives, such as corrugated boards, is increasing.

Additionally, governments across the globe are enforcing stricter regulations on food packaging safety, further boosting the adoption of corrugated boards as a preferred packaging material.

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Countries like India are taking significant steps to ban plastic packaging, which is expected to accelerate the shift towards corrugated board packaging in developing regions. The rise in industrialization and international trade is also playing a crucial role in market expansion, as corrugated boards are widely used in packaging a variety of goods, including liquid bottles, fresh produce, ready-to-eat meals, and confectionery products.

The Flourishing e-commerce Sector Has The Potential to Stimulate Significant Economic Growth

The e-commerce industry is experiencing robust growth due to various factors, including the surge in online shopping driven by the pandemic and the convenience of accessing a vast array of products through online retail platforms. As the demand for a diverse range of products online continues to rise, e-commerce companies are expanding their warehousing infrastructure to accommodate the increasing demand.

Corrugated boxes are now much more in demand as a result of this issue. The corrugated board market would increase significantly with the help of these points.

“The corrugated board market is set for significant growth, driven by increasing demand for sustainable packaging solutions and e-commerce expansion. With its versatility and eco-friendly appeal, corrugated board is a go-to choice for many industries looking to reduce environmental impact while maintaining packaging efficiency.” Says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).

Key Takeaways From The Corrugated Board Market

  • The Japan market is expected to register a CAGR of 6.7% during the forecast period.
  • During the projected period, the corrugated board market in the United States accounted for approximately 19.1% of the global corrugated board industry.
  • During the forecast period, Sweden’s market accounted for around 6% of the global market.
  • Asia Pacific emerged as a prominent market, accounting for more than 40% of total revenue.

Prominent Drivers of the Corrugated Board Market

  1. E-commerce Growth: The rapid expansion of online shopping has increased demand for corrugated packaging, as it is ideal for shipping and protecting products during transit.
  2. Sustainability Trends: Rising consumer preference for eco-friendly packaging and corporate sustainability initiatives are pushing the demand for corrugated boards, which are biodegradable and recyclable.
  3. Food & Beverage Industry Demand: The growing food and beverage sector, particularly the demand for safe and hygienic packaging solutions, is driving the use of corrugated boards in packaging fresh produce, beverages, and processed foods.
  4. Lightweight and Durable Properties: Corrugated boards are lightweight yet durable, making them an ideal packaging material that reduces transportation costs while providing protection, further boosting their popularity across industries.
  5. Customization and Branding Opportunities: Companies are increasingly using corrugated packaging for brand promotion, as it allows for easy customization, printing, and packaging design innovation, driving demand for specialized corrugated products.

Competitive Landscape

The global corrugated board market is large and fragmented. The market is intensely competitive among producers of all kinds, from small to large. Many well-established, century-old public firms exist, making the market unique. In other circumstances, manufacturers compete with other businesses that produce goods that are comparable to theirs and might be used as corrugated board alternatives. Services, product quality, expenses, and prices are the primary drivers of market competitiveness.

Key Players

  • International Paper
  • Georgia-Pacific
  • WestRock Company
  • Packaging Corporation of America
  • Stora Enso
  • Oji Holdings Corporation
  • Smurfit Kappa
  • Port Townsend Paper Company
  • Mondi
  • DS Smith

Key Segmentations: Corrugated Board Market

By Flute Type:

  • Flute A
  • Flute B
  • Flute C
  • Flute E
  • Flute F

By Board Type:

  • Single Wall
  • Double Wall
  • Triple Wall

By End Use:

  • Food & Beverages
  • Pharmaceuticals
  • Cosmetics & Personal Care
  • Automotive
  • Transportation & Logistics

By Region:

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

About Future Market Insights (FMI)

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

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 Reconditioned IBC Market Set to Reach USD 8,724.8 Million by 2034, Driven by Sustainable Solutions

The global reconditioned Intermediate Bulk Container (IBC) market is projected to witness robust growth, reaching a valuation of USD 5,295.3 million in 2024 and expanding to an impressive USD 8,724.8 million by 2034. This growth trajectory corresponds to a CAGR of 5.1% over the forecast period. In 2023, the industry recorded revenue of USD 4,971.8 million, and year-on-year growth for 2024 is anticipated at a strong 6.1%.

Among various product types, composite IBCs are set to dominate the market, accounting for more than 80% of the market share in terms of volume. Composite IBCs are projected to grow at a CAGR of 4.2% throughout the forecast period, reflecting their increasing popularity across industries.

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Key Advantages Driving Composite IBC Demand:

  • Durability and Cost Efficiency: Reconditioning enhances the lifecycle of composite IBCs, offering a cost-effective and sustainable packaging solution.
  • Reduced Material Wastage: The ability to reuse the metal cage and replace the inner container significantly minimizes material costs and environmental impact.
  • Sustainability Focus: The eco-friendly nature of reconditioned composite IBCs aligns with global sustainability goals, further boosting adoption.

Understanding the Reconditioned IBC

A Reconditioned Intermediate Bulk Container (IBC) refers to a previously used IBC that has undergone a cleaning and refurbishing process to restore it for safe and functional reuse. These containers are commonly used for storing and transporting bulk liquids, chemicals, or other materials.

Prominent Drivers of the Reconditioned IBC Market

  • Cost-Effectiveness: Reconditioned IBCs are significantly cheaper than new ones, making them an attractive option for businesses looking to reduce packaging costs without compromising quality or reliability.
  • Environmental Sustainability: The growing focus on sustainability and waste reduction has driven demand for reconditioned IBCs. By reusing and repurposing containers, companies contribute to the circular economy, reducing environmental impact and promoting eco-friendly practices.
  • Rising Demand in Packaging and Logistics: The global growth in industries like chemicals, food and beverages, pharmaceuticals, and oils has led to an increased need for bulk packaging solutions. Reconditioned IBCs provide a cost-efficient and reliable solution for transporting and storing these materials.
  • Regulatory Compliance and Safety Standards: Reconditioned IBCs often meet rigorous industry standards and regulations, which makes them a viable option for industries requiring safe and compliant packaging solutions, particularly in the chemical and hazardous material sectors.
  • Durability and Reusability: Reconditioned IBCs maintain their strength, reliability, and performance after being refurbished, offering businesses a durable packaging solution with a longer lifecycle, reducing the need for frequent replacements.

Key Takeaways: Reconditioned IBC Market

  • The global reconditioned IBC industry achieved a CAGR of 3.2% from 2019 to 2023.
  • The market reached a valuation of USD 4.9 billion in 2023, reflecting positive growth.
  • Germany’s reconditioned IBC market is projected to grow at a CAGR of 2.9% from 2024 to 2034, reaching over USD 455 million by 2034.
  • North America is expected to expand at a CAGR of 4.5% during the forecast period, with the market size projected at USD 1.7 billion by 2034.
  • China is a key focus for manufacturers, with an estimated CAGR of 5.9% throughout the forecast period.
  • The metal IBCs segment leads the market, contributing 55% of revenue in 2024.
  • The industrial chemicals segment is anticipated to generate over USD 3.2 billion in revenue by 2034.

Competitive Landscape

Key players in the refurbished IBC market are investing in innovative reconditioning facilities and forming alliances. Key reconditioned IBC providers have also been purchasing smaller competitors to expand their footprint and reach the refurbished industry in numerous locations.

Recent Industry Developments in Reconditioned IBC Market

  • Grief Inc. established a cooperation with CDF Corporation in March 2024 to work on redesigning its GCUBE IBC Flex for the transportation of very sensitive goods and liquid fluids.
  • In January 2024, ENVA announced the opening of a new reconditioning and recycling facility at its Dunniflats location in Ayrshire. The factory will be able to process approximately 25,000 units each year.
  • Grief stated in April 2023 that it had completed an all-cash transaction of USD 145 million to raise its shareholding of Centurion Container from 9% to 80%.

Key Players of Reconditioned IBC Industry

  • Mauser Group B.V
  • Greif, Inc.
  • Schutz Container Systems, Inc
  • Rahway Steel Drum Co. Inc
  • Clouds Drums Dubai LLC
  • Varilsan Packaging
  • TPL Plastech Limited
  • Accon Group AS
  • Precision IBC, Inc
  • Recontainers Ltd
  • Obal Centrum s.r.o.
  • North Coast Container (Container Management Services)
  • Metano IBC
  • IBC Tanks
  • Delta Containers
  • The Cary Company
  • Mitchell Container Services, Inc.

Key Segments of Reconditioned IBC Industry

By Material:

In terms of material, the industry is divided into metal IBCs and composite IBCs.

By Capacity:

In terms of capacity, the industry is segregated into standard and customized capabilities. The standard segment has been further segregated into 1,040 liters (275 US gal), and 1,250 liters (330 US gal).

By End-use:

The industry is classified by end use industries as industrial chemicals, petroleum & lubricants, paints, inks & dyes, food & beverages, waste disposal/recycling & silage, and others.

By Region:

Key countries of North America, Latin America, Europe, East Asia, South Asia, Middle East and Africa (MEA), and Oceania have been covered in the report.

About Future Market Insights (FMI)

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

Contact Us:     

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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Eco-Friendly Inks Market to Reach USD 7.5 Billion by 2032, Driven by Rising Environmental Awareness

The eco-friendly inks market is predicted to be worth USD 4.55 billion in 2023 and rise to USD 7.5 billion by 2032. Demand is expected to increase at a CAGR of 5.8% during the projected period.

The key drivers of market growth are rising environmental concerns in the printing industry. As a result, there is a significant market for green printing technologies like digital printing, 3D printing, and UV printing.

As water-based inks are being used more frequently, the sector is predicted to grow. Periodicals, labels, and packaging are just a few examples of the many uses for water-based inks, which are also free of toxic chemicals.

Governments globally are establishing stringent regulations to decrease the harmful impacts of ink manufacturing and consumption on the environment. Businesses looking for ways to follow these regulations have increased the demand for eco-friendly inks.

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In response to the increased sales of eco-friendly inks, several businesses are investing in research and development projects to develop new goods. The need for organic inks is expected to increase as a new trend. Many different applications, including consumer goods, use inks made of organic ingredients like soybeans.

Key Takeaways

  • By 2032, the United States is likely to dominate the eco-friendly inks market, with a share of 19.4%.
  • The demand for eco-friendly inks increased at a 3.5% CAGR between 2018 and 2022, citing FMI’s study.
  • The expansion in the United Kingdom is anticipated to expand at an adequate CAGR of 4.4% by 2032. The market is likely to generate a share of USD 169.9 million by 2032.
  • Japan’s eco-friendly inks market is expected to grow with a share of 35.8%, and a CAGR of 6.7% by 2032.
  • Between 2023 and 2032, the eco-friendly inks market is likely to increase in India at 7.8% CAGR, respectively.
  • The expansion in China is anticipated to expand at an adequate CAGR of 6.2% by 2032. The market is expected to generate a share of USD 835.8 million by 2032.
  • Germany’s market is expected to reach USD 178.9 million, and a CAGR of 3% by 2032.
  • With sustainability in mind, the market growth rate is expected to be around 1.8x by 2032.

Competitors Utilizing Their Potential for Improved Market Share

Green printing strategies have been adopted by manufacturers as a result of growing environmental concerns. The initial expansion of the eco-friendly inks market is also being driven by the rising demand for water-based and UV-curable inks.

Eco-friendly Inks producers now generate inks that are more effective and affordable due to the development of new eco-friendly ink compositions. The market is expanding as a result of the rising demand for digital printing and an increase in the number of businesses providing green printing services.

Kao Collins Corporation, Sun Chemical, Living Ink Technologies, Siegwerk Druckfarben AG & Co. KGaA, INX International Ink Co., Wikoff Color corporation, STS Inks, Flint Group, EPTANOVA, Kwang Myung Ink Co. Ltd, Gans Ink & Supply, Toyo Ink India Private Limited, Huber Group, Marabu Printing Inks, Magna Colours Ltd. are some of the major players in the global eco-friendly inks market.

Latest Developments

  • For $48 million in July 2021, Magna Colors teamed up with Avient Corporation, a major supplier of specialized and environmentally friendly material solutions.
  • Energy-efficient printing inks with a low carbon footprint presented by Marabu, an ink manufacturer, at glasstec 2022 in July 2022. The business also displays inks for the glass industry’s use in screen printing, digital printing, and pad printing.
  • At Printpack India 2022 in May, Huber Group Print Solutions presented its sustainable folding carton portfolio.

Key segments

By Color:

  • Four Color
  • Monochrome Printing

By Origin of Bio Pigments:

  • Flint Ink
  • Algae Inks
  • Animal Origin
  • Vegetable-based Ink

By Type:

  • Gums
  • Resins
  • Waxes
  • Solvent-based
  • Water-based
  • Oil-based

By Printing:

  • Flexography
  • Lithography
  • Gravure
  • Offset
  • Screen Printing
  • Digital

By Packaging:

  • Food & Beverage
  • Pharmaceutical & Medical Devices
  • Consumer Goods
  • Others

By Region:

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

About Future Market Insights (FMI)

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

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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Europe and the Middle East and Africa Retail Glass Packaging Market | Growth, Trends Analysis Report 2032

The Europe, Middle East and Africa (EMEA) retail glass packaging market is predicted to be worth USD 10.1 billion in 2023, and rise to USD 14.8 billion by 2032.

Retail glass packaging is expected to be in high demand in EMEA as consumers’ preferences for eco-friendly, health & wellness, enticing, and affordable packaging options grow. Recently, companies actively developed unique retail glass packaging solutions while collaborating closely with their customers and industrial suppliers.

By compiling information on consumer trends and preferences, businesses may design packaging that is specially tailored to the requirements of their target customers. In established regions like Europe, the luxury packaging market is primarily driven by the volume of launches in the food, beverage, and alcohol industries.

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Glass dominates the market for luxury packaging among all other material types, with a market share of more than 50%. The retail glass packaging sectors in EMEA are seriously threatened by the plastic and metal packaging industries.

In the food and beverage sector, glass packaging has suffered a reduction in market share, but it still has advantages over alternative materials. Key causes of this loss include the high cost of production, heavyweight, and fragility of glass containers.

Key Takeaways

  • Demand for retail glass packaging in Europe is expected to increase at a CAGR of 4.1% during the projected period.
  • Demand for retail glass packaging in MEA is expected to increase at a CAGR of 6.2% during the projected period.
  • By 2032, the United Kingdom is likely to dominate the Europe retail glass packaging market, with a CAGR of 5.3%.
  • The adoption of retail glass packaging in Europe increased at a 2% CAGR between 2018 and 2022, citing FMI’s study.
  • The adoption of retail glass packaging in MEA increased at a 2.7% CAGR between 2018 and 2022, citing FMI’s study.
  • Poland’s retail glass packaging market is expected to expand at a CAGR of 4.9% by 2032.
  • Based on packaging format, the bottle segment is likely to lead the Europe market with a CAGR of 5% by 2032.
  • Based on end use, the personal care & cosmetics segment is expected to dominate the Europe retail glass packaging with a CAGR of 6.2% by 2032.
  • Europe offers an incremental opportunity worth USD 4,111.1 million between 2022 and 2032, while MEA has an incremental opportunity worth USD 1,561.0 million.

Competitors Utilizing Their Potential For Improved Market Share

The EMEA retail glass packaging market is predicted to experience significant start-up growth over the projection period. The primary factors causing the rise are the demand for high-quality and safe packaging, rising disposable incomes, and an expanding retail industry.

Due to the initiatives taken by various governments to promote the use of sustainable packaging materials, the industry expanded further. The growing popularity of e-commerce presents new opportunities for the EMEA retail glass packaging sector.

Key players

  • O-I Glass, Inc.
  • Ardagh Group SA
  • Gerresheimer AG
  • Schott AG
  • Bormioli Rocco S.p.A.
  • Vetropack Holding AG
  • Vidrala SA
  • Vitro Packaging, LLC
  • Wiegand-Glas GmbH
  • Heinz-Glas GmbH & Co. KGaA.
  • Stölzle-Oberglas GmbH
  • SGD Pharma
  • MEG

Recent Developments

  • PepsiCo’s product line includes a wide range of delicious meals and drinks, including a variety of illustrious brands with expected annual retail sales of more than $1 billion apiece.
  • Beginning in May 2022, the Coca-Cola Europacific Partners (CCEP) brands Fuze Tea, Tropico, Sprite, Fanta, and Minute Maid are sold in France. They come in a standard 250 ml bottle that may be used in hotels, restaurants, and cafés-returned, cleaned, and replenished.

Key Segments

By Packaging Formats:

  • Bottles
  • Jars
  • Vials
  • Ampoules
  • Syringes
  • Cartridges
  • Others

By Grade:

  • Type I
  • Type II
  • Type III
  • Type IV

By Capacity:

  • Up to 50 ml
  • 51 to 250 ml
  • 251 to 750 ml
  • Above 750 ml

By End Use:

  • Food
  • Beverages
  • Personal Care & Cosmetics
  • Pharmaceuticals
  • Other Industrial

By Region:

  • Europe
  • The Middle East and Africa

About Future Market Insights (FMI)

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

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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