Automotive Remote Diagnostics Market Size is expected to reach US$ 32.9 Billion by 2028

According to a new study of Future Market Insights (FMI), the automotive remote diagnostics market size is projected to record a CAGR of nearly 18.9% through 2028. In 2022, sales in the global market for automotive remote diagnostics are anticipated to reach US$ 11.6 billion. The market size is anticipated to reach US$ 32.9 Billion by 2028.

Growth of the automotive remote diagnostics market will continue to remain bolstered by a plethora of factors, which range from increasing focus of automakers on reducing maintenance cost & downtime and growing integration of IoT, to the emergence of connected car eco-systems in vehicles.

Automotive remote diagnostic solutions have gained pervasive popularity among automakers and vehicle owners alike, in light of the value-added advantages of the technology. Reduced maintenance and service downtime, along with the identification of the bottlenecks beforehand, and enabler of on-point, efficient solutions, are some of the key benefits of the automotive remote diagnostics that are driving their demand.

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Additionally, attributes of the automotive remote diagnostics, beneficial for vehicle owners, in terms of identifying potential downturns, defects, and shortcomings of the vehicle in advance, and reducing the total time and cost spent during maintenance, are further expected to drive growth of the automotive remote diagnostics market.

The upward trend of vehicle electrification has had a massive and direct influence on growth of the automotive remote diagnostics. Additionally, recent rise in the connected-car ecosystem, along with the proliferation if IoT and connected devices in the automotive industry, will continue to favor growth of the automotive remote diagnostics market in the foreseeable future.

Automotive Remote Diagnostics Equipment to Account for Leading Market Shares

While equipment and software both form integral parts of an automotive remote diagnostics, the study finds that equipment will continue to account for leading shares of the market, owing to associated periodical replacement and maintenance activities. On the other hand, software are installed in the equipment as first fit, and are renewed on the basis of subscriptions. This further alludes high-growth potential of software solutions in the automotive remote diagnostics market.

Automotive remote diagnostics market will continue to witness robust gains from the light commercial vehicles, compared to other vehicle categories. As the logistics and transportation sector gains increased traction, vis-à-vis growth of the ecommerce and warehousing industry, light commercial vehicles are expected to record relatively greater sales compared to their past statistics. This will create significant opportunities for players in the automotive remote diagnostics market.

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Automotive remote diagnostics are expected to witness high demand in vehicle system & component access, and health tracking & diagnosis applications. These application requirements are comparatively higher in commercial vehicles, and with the rise in construction and infrastructure development activities, demand for the commercial vehicles, and in turn the automotive remote diagnostics will also rev up in the near future.

Europe to Remain Most Attractive Market for Automotive Remote Diagnostics

The study finds that Europe will continue to be the most lucrative market for automotive remote diagnostics, trailed by North America. The economic vigor and robust infrastructure development activities in the region allude at significant sales of commercial vehicles, along with passenger cars, which in turn continue to drive demand for advanced solutions such as the automotive remote diagnostics. According to the study, East Asia will also remain an attractive market for automotive remote diagnostics, with sales projected to grow at a CAGR of over 20% through 2028.

The automotive remote diagnostics market continues to remain consolidated, with leading players accounting for bulk shares of the market. Additionally, the complexity and extensive R&D investments required to provide a total solution continue to present significant entry barriers to new market entrants, which further underpins the supremacy of leading players in the automotive remote diagnostics market.

Key players operating in the automotive remote diagnostics market include Robert Bosch GmbH, Tech Mahindra Limited, Continental AG, OnStar LLC, Vector Informatik GmbH, Transics, Verizon, ACTIA Group, Softing AG, Magneti Marelli S.p.A., IBM, and Harman International, among others.

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AUTOMOTIVE REMOTE DIAGNOSTIC MARKET TAXONOMY

The global automotive remote diagnostics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product Type

  • Equipment
  • Software

By Vehicle Type

  • Passenger Cars
  • Compact
  • Mid-Sized
  • Luxury
  • SUVS
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

By Application

  • Vehicle System & Component Access
  • Vehicle Health Tracking & Diagnosis
  • Service Assistance

By Region

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

About Future Market Insights (FMI) 

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

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Acoustic Respiration Sensors Market is anticipated to reach US$ 470.1 Million by 2032, at a CAGR of 6.6%

The global Acoustic Respiration Sensors market size was valued at approximately US$ 232.4 million in 2022. The market is predicted to grow at a CAGR of 6.6% from 2022 to 2032, with a market value of US$ 470.1 million. This market is growing as the prevalence of respiratory diseases rises and people gain a better understanding of respiratory health.

Respiratory infections are a prominent cause of death in both infants and adults, increasing need for respiratory monitoring equipment.” Furthermore, advances in sensor technology have resulted in higher adoption rates among hospitals and clinics, implying that the market will rise significantly in the near future.

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This gadget combines innovative adhesive sensors with an acoustic transducer to monitor breathing patterns in real time.

The gadget can detect nascent respiratory disorders and provide patients with quick therapeutic interventions, lowering the chance of dangerous respiratory episodes.

Acoustic Respiration Sensors Market: Dynamics

Acoustic Respiration Sensors market in the healthcare sector is primarily driven by a few critical factors, such as the use of respiratory sensors for non-invasive and continuous patient monitoring, the rising prevalence of respiratory disorders, the ageing population, and the rise in life expectancy. Furthermore, rising healthcare expenditure in developing countries contributes considerably to market growth.

Another motivator is growing knowledge of the benefits of Acoustic Respiration Sensors, with organisations such as The Anaesthesia Patient Safety Foundation (APSF) urging their usage to detect respiratory issues early. This device detects respiratory distress early, allowing healthcare providers to intervene quickly and improve patient safety and health.

The market growth is also supported by new product approvals by regulatory agencies worldwide. However, the high cost of acoustic respiratory sensors limits their usage.

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Acoustic Respiration Sensors Market: Region-wise Outlook

North America, Eastern Europe, Latin America, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East and Africa account for the majority of the Acoustic Respiration Sensors market. North America now dominates the market, followed by Europe. The US Food and Drug Administration’s rules and approvals are driving the Acoustic Respiration Sensors market in North America, and this trend is projected to continue in the coming years.

Following North America, Eastern European countries are likely to see stable expansion in the Acoustic Respiration Sensors market. Due to the rapid development of healthcare infrastructure and the rise of several regional companies, the Asia-Pacific region is likely to enjoy significant market growth in the coming years.

Factors such as rising healthcare infrastructure and rapid development across Asian countries are likely to fuel the growth of the Acoustic Respiration Sensors market in the Asia-Pacific region. While the market is expected to evolve rapidly across all regions, North America is expected to maintain its leading position in the overall Acoustic Respiration Sensors market.

Acoustic Respiration Sensors Market: Key Players

Major players in respiration rate monitors market are GE Healthcare, Siemens Healthcare, Philips Healthcare, Medtronic Plc, Masimo Corporations, ResMed Inc., Smiths Medical, Dragerwerk Ag & Co. KGaA, MGC Diagnostic Corporation, Nihon Kohden Corporation, Welch Allyn, Inc and others.

The other leading player in the Acoustic Respiration Sensors market is Medtronic Public Limited Company which has its product for respiratory rate monitoring. Acoustic Respiration Sensors market has a presence of many regional players and multi-national players which have a huge market share in emerging countries and developed economies.

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Key Segments Profiled in the Acoustic Respiration Sensors Market

Patient Age Groups:

  • Adults
  • Pediatrics

Distribution Channels:

  • Sales via Specialized Care Centers
  • Sales

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

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Hydrogen Trucks Market Size to reach US$ 119.18 Billion by the end of 2033 | Future Market Insights, Inc.

According to FMI reports, the global hydrogen trucks market size is expected to grow by nearly US$ 3.84 Billion by 2023. This is with a substantial and impressive CAGR of 41% expected over the forecast period, which is projected to reach over US$ 119.18 Billion by the year 2033.

Each of these factors is anticipated to have a sizable impact on the market for hydrogen trucks throughout the projected period. This is due to the fact that hydrogen trucks can completely remove all carbon dioxide and other dangerous pollutants from the atmosphere, helping to preserve the environment.

The global market is impacted by a number of variables, including environmental concerns, government initiatives for hydrogen fuel cell infrastructure, a large initial investment in infrastructure, technological breakthroughs, and future possibilities.

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The popularity of hydrogen trucks may rise as people become more aware of the negative impacts of traffic congestion, air pollution, and greenhouse gas emissions. This is because they are more environmentally friendly than other types of conventional vehicles.

Key Takeaways from the Hydrogen Trucks Market Study

  • North America dominates the market for hydrogen trucks.
  • The hydrogen trucks are expected to increase at a notable CAGR of 41%.
  • Asia Pacific region is expected to grow at the fastest rate with an increased revenue share.
  • Hydrogen fuel cell forklifts have become more popular as people increase awareness regarding environmental issues, government initiatives, and increasing concern about cost-effectiveness.

Competitive Landscape for the Hydrogen Trucks Market

Various producers and service providers occupy considerable shares of the global market, including Anglo American Platinum Ltd. and Ares Motor Works. The companies have been successful in acquiring new and long-term contracts from different countries over the years.

Cellcentric GmbH & Co. KG, Dongfeng Motor Corporation, Esoro AG, Beiqi Foton Motor, Cummins Inc., H2X Global, Hyundai Motor Company, Hyzon Motors, Jaguar Land Rover Automotive, Kenworth Trucks, Paccar, Nikola Corporation and others, the market is growing and establishing a strong global presence.

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Recent Developments in the Hydrogen Trucks Market

  • Together, Hyzon and ORTEN’s complementary product lines, as well as ORTEN’s body and powertrain kits, offer customers a complete solution for making their fleets zero-emission. Moreover, ORTEN’s management maintains extensive and permanent contact with customers throughout Germany.
  • An investment of $2.3 million will be made in the Alberta Zero-Emissions Truck Electrification Collaboration (AZTEC) project by the Jr. Minister of natural resources, Seamus O Regan.  A consortium of project partners, including the Hydrogen Technology and Energy Corporation, Bison Transport, and Canadian Energy Systems Analysis Research, led this project.

Hydrogen Trucks Market by Category

By Product, the Hydrogen Trucks Market is Segmented as:

  • Heavy Duty trucks
  • Medium Duty Trucks
  • Small Duty Trucks

By Application, the Hydrogen Trucks Market is Segmented as:

  • Logistics
  • Municipal

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By Range, the Hydrogen Trucks Market is Segmented as:

  • Above 400 Km
  • Below 400 Km

By Region, the Hydrogen Trucks Market is Segmented as:

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

About Future Market Insights (FMI) 

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

Contact:

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T: +1-845-579-5705
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Fanfold Market: Key Trends, Applications, and Growth Opportunities in the Packaging and Shipping Industry by 2032

During the course of the projection period, the fanfold market is anticipated to increase at a CAGR of 4.5%, rising from US$ 29.48 billion in 2022 to US$ 41.58 billion in 2032. Fanfold sales are accelerating despite the fact that they are typically used for packaging in the retail sector. The need for fanfold is expected to rise in the next years as more individuals are expected to make purchases online. Fanfold sales are expected to rise as well because they are used to package consumer goods. The FMCG industry is expected to have a big impact on the global market share for fanfolds. The packaging sector is steadily moving in the direction of sustainability.

Fanfold paper is a continuous paper that is folded accordion-style, creating a stack of interconnected sheets. This stack is then placed in a box or tray for use in printers or other machines. Fanfold paper is available in a variety of sizes, weights, and types, making it a versatile solution for printing, packaging, and more.

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An upsurge in e-commerce pushes the need for different packaging types. Here, different types of packaging boxes and cartons are required to pack products. Fanfold provides customized and tailor-made packaging solutions to cater to various packaging needs. It helps in optimizing space by avoiding the practice of keeping pre-made boxes in the repository which means fanfold enables to integrate more products within the warehouse. Machines can be assisted for the manufacturing of boxes made up of fanfold.

Crucial information and forecast statistics covered in the Fanfold market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

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Fanfold Market: Segmentation

Valuable information covered in the FMI’s Fanfold market report has been segregated into key segments and sub-segments.

On the basis of wall type, the global fanfold market has been segmented as:

  •          Single-walled
  •          B flute
  •          C flute
  •          Double-walled
  •          BC flute
  •          EB flute

On the basis of width, the global fanfold market has been segmented as:

  •          200 mm – 500 mm
  •          500 mm – 1000 mm

Fanfold Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Fanfold market. Competitive information detailed in the Fanfold market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Fanfold market report.

Key players covered in the report include:

  • Braepac Packaging
  • International Paper Company
  • Smurfit Kappa
  • DS Smith
  • Independent Corrugator Inc.

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Important Questions Answered in the Fanfold Market Report

  • Which end user remains the top revenue contributor in different regional markets?
  • At what rate has the global Fanfold market been expanding during the forecast period?
  • How will the global Fanfold market look like by the end of the forecast period?
  • What innovative strategies are adopted by Fanfold market players to stay ahead of the pack?
  • What are the restraints affecting the growth of the global Fanfold market?

Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Fanfold market

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Electric Vehicle Battery Housing Market CAGR Projected to Grow at 31.8% through 2033

According to ESOMAR-certified Future Market Insights’ (FMI) – Over the forecast period, the global electric vehicle battery housing market is expected to grow at a rapid CAGR of 31.8%. The market is expected to reach US$ 1,531.1 Million in 2023. The market is anticipated to reach US$ 24,219.1 Million by 2033.

KEY TAKEAWAYS

  • The UK electric vehicle battery housing market is estimated to grow at a CAGR of 28% over the forecast period.
  • The German electric car battery housing market is expected to hold 11.2% of the global market over the forecast period
  • During the projection period, the Chinese electric vehicle battery housing market is expected to expand at a CAGR of 26.4% through 2032.
  • Japan is expected to hold 1.1% of the global market over the forecast period.
  • The Indian electric vehicle battery housing market is expected to have the highest global market share, growing at a CAGR of 42.2%.
  • Over the projected period, the US electric vehicle battery housing market is expected to hold 9.3% of the global market.

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Consumer acceptance of electric car battery housing is increasing, resulting in market expansion. The unexpected increase in demand would stimulate an expansion of capabilities across the whole value chain. The government’s tough pollution laws coupled with individuals’ growing environmental concerns are expected to drive up demand for battery housing for electric vehicles.

Owing to the growing market demand for electric cars, manufacturers are concentrating more on developing EV safety features. As the next step in the evolution of electric vehicles, they are also creating battery housing to strengthen EVs and boost range.

Concerns about climate change and the looming depletion of fossil fuels have pushed efforts to develop better electric vehicle designs. Battery casings for electric cars perform worse than conventional battery enclosures. Additionally, it is more eco-friendly. Non-metallic components provide strong mechanical properties, such as high rigidity and strength while being lightweight. When compared to metallic materials such as aluminum or steel, an electric car battery housing made of non-metallic components can save up to 40% weight.

There are distinct benefits to adopting an electric vehicle battery housing. To craft the mobility of the future even more capable, electric vehicle makers are rapidly adopting battery housings, which is growing sales of the electric vehicle battery housing.

Europe is leading the global electric vehicle battery housing market as a result of growing government support for the EV market, despite the fact that electric vehicles are currently expensive. Furthermore, the significant concentration of OEMs in the region encouraged market development.

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COMPETITIVE LANDSCAPE

Key players operating in the electric vehicle battery housing market are SGL Carbon, Novelis Inc., Nemak S.A.B. de C.V, Constellium SE, Gestamp Automocion, UACJ Corporation, GF Linamar LLC, Hanwha Advanced Materials, Minth, Continental Structural Plastics, Thyssenkrupp AG, TRB Lightweight, Hitachi Metals Ltd., POSCO, Norsk Hydro ASA and other major players.

These companies have used a variety of techniques to improve their market share for electric vehicle battery housing. To widen their client base and increase revenue, they have used both organic and inorganic growth techniques, such as new product launches, acquisitions, corporate expansions, and collaborations.

RECENT DEVELOPMENT

In October 2021, Novelis Inc. revealed the introduction of Generation II of its lightweight electric vehicle (EV) battery enclosure solution for the rapidly growing EV sector.

In January 2020, Nemak disclosed that it will provide battery housings for the Ford Mustang Mach-E, which will be produced in North America.

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Key Segmentation of the Electric Vehicle Battery Housing Market

By Material:

  • Metallic
  • Non-metallic

By Application:

  • Passenger Vehicle
  • Commercial Vehicle

By Cell Format Type:

  • Pouch Cell
  • Cylindrical Cell
  • Prismatic Cell

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & ASEAN
  • Oceania

About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Durable Insulated Containers Market Reach a Valuation of US$ 24 Billion by 2032: Keeping Food Fresh and Safe

The durable insulated containers market is projected to register a CAGR of 6.4% during the forecast period, up from US$ 12.1 Bn in 2021 to reach a valuation of US$ 24 Bn by 2032.

The durable insulated containers market is primarily driven by the increasing demand for food and beverage products. The market is expected to grow significantly in the coming years, owing to the rising adoption of insulated containers by restaurants, cafes, and other foodservice establishments.

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Competitive Landscape in the Durable Insulated Containers Market-

  • Cold Chain Technologies,
  • Polar Thermal Packaging Ltd.,
  • Cryopak A TCP Company,
  • Sonoco Product Company (ThermoSafe),
  • SAEPLAST AMERICAS INC.,
  • Snyder Industries, Inc. and
  • Alps Synergy Sdn Bhd

are some of the leading participants in the durable insulated containers market.

Recent developments of the Durable Insulated Containers Market:

  • Amcor bought Bemis Company Inc. in June 2019. The merged firm will now trade as Amcor plc (Amcor), with the ticker code AMCR on the New York Stock Exchange and AMC on the Australian Securities Exchange.
  • Sonoco bought Can Packaging, a privately held designer and manufacturer of sustainable paper packaging and associated production equipment headquartered in Habsheim, France, in August 2020 for roughly USD 49 million.
  • Huhtamaki acquired 100% control of its joint venture firm Laminor S.A. in Brazil in March 2020. Laminor, which specialises in high-quality tube laminates for oral care applications, was founded in 2002 as a 50–50 joint venture with Bemis Company, which is now a part of Amcor.

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What are the Key Propellers to the Durable Insulated Containers Market Share?

Globally expanding travelling has boosted demand for perishable food goods dramatically during the previous five years. This may be credited in large part to the increasing sales of durable insulated containers, which has resulted in an increase in maritime freight and cost savings. However, once the products reach the store, a significant portion of further distribution occurs via chest and upright insulated containers.

Durable insulated containers have been shown to maintain a temperature range of 2 to 8 degrees Celsius and are specifically intended for chilled capillary feeding. Additionally, consumers’ growing demand for durable insulated containers and reliance on seafood as a protein source and rising demand for unusual fish species are pushing imports and compelling cold chain logistics providers to add robust sales of durable insulated containers for effective shipping.

Market Drivers

The increasing demand for packaged food and beverages, the growing need for temperature-controlled transportation of food and beverages, and the rising adoption of insulated containers in the pharmaceutical industry are the major factors driving the growth of the durable insulated containers market.

Market Restraints

The high cost of insulated containers and the availability of alternative packaging solutions are the major factors restraining the growth of the durable insulated containers market.

Market Opportunities

The increasing demand for eco-friendly and sustainable insulated containers and the growing adoption of insulated containers in emerging economies are the major opportunities for the growth of the durable insulated containers market.

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Key Segments For Durable Insulated Containers Market

By Material Type:

  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polyethylene Terephthalate (PET)
  • Polystyrene (PS)
  • Polyurethane (PU)
  • Nylon

By Size:

  • Up to 20 Litre
  • 21 to 50 Litre
  • 51-100 Litre
  • 101-200 Litre
  • Above 200 Litre

By End User:

  • Food
    • Meat, Poultry & Seafood
    • Dairy Products
    • Others
  • Beverages
  • Healthcare & Pharmaceuticals
    • Drugs
    • Vaccines
    • Biological Product
    • Others
  • Specialty Chemicals
  • Others

By Region:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Solid White Films Market: Trends, Opportunities, and Challenges in the Global Packaging Industry by 2032

The global solid white films market is estimated to exhibit growth at a CAGR of around 5% to 6% during the forecast period 2022-2032. The market is anticipated to increase as more solid white films are used as packaging and labelling solutions across sectors like food & beverage, confectioneries, personal care & cosmetics, home care, and electronic & electrical.

Solid white films are typically made of polyethylene (PE), polypropylene (PP), and polyethylene terephthalate (PET). These films are used in various industries, including food and beverage, pharmaceutical, personal care, and others. The growing demand for flexible packaging solutions, particularly in the food and beverage industry, is the primary factor driving the growth of the Solid White Films Market.

Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! https://www.futuremarketinsights.com/reports/sample/rep-gb-8869

Factors Driving the Solid White Films Market

There are several factors driving the growth of the Solid White Films Market. Let’s take a closer look at some of the key drivers.

  • Growing Demand for Flexible Packaging Solutions- Flexible packaging solutions have gained popularity in recent years, primarily due to their ability to reduce packaging weight and cost. Solid white films are a critical component of flexible packaging solutions, making them an essential part of the packaging industry.
  • Increasing Popularity of Sustainable and Eco-Friendly Packaging Materials- The growing concern for the environment has led to an increasing demand for sustainable and eco-friendly packaging materials. Solid white films, made from recyclable materials, are an eco-friendly alternative to traditional packaging materials. As a result, the demand for solid white films is expected to increase in the coming years.
  • Technological Advancements in Packaging Industry- The packaging industry has witnessed significant technological advancements in recent years. These advancements have enabled the production of more sustainable and eco-friendly packaging materials, including solid white films. Technological advancements have also led to the development of films with improved barrier properties, further driving the demand for solid white films.
  • Increasing Popularity of Ready-to-Eat Food- Ready-to-eat food products have gained immense popularity in recent years, primarily due to their convenience and ease of consumption. Solid white films are an essential component of the packaging of ready-to-eat food products, driving the growth of the Solid White Films Market.

Global Solid White Films Market: Key Players

Some of the key players operating in global solid white films market are as follows:

  • Treofan Group
  • KristaFilms, S.A. de C.V.
  • UPM Raflatac, Inc.
  • Decorative Films, LLC.
  • Vibac Group S.p.a.
  • Rowad Global Packaging Company Ltd
  • Gulf Packaging Industries Limited LTD
  • Innovia Films Limited
  • Manucoer SPA

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Recent Developments in the Solid White Films Market

  • In September 2018, Cosmo Films, a manufacturer of specialist films for flexible packaging, lamination, and labelling, launched new solid white films (BOPP) heat-resistant for the Asian market
  • In February 2018, BOPP specialist Treofan Group launched EWR50 films, new thin (solid white films) in-mold label films for high surface yield and thin labelling solutions.
  • In September 2017, Jindal Films introduced new solid white films in the Label-Lyte range, 57IMS447, which can use as in-mold labels to create solid white appearance and performance.

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

Global Solid White Films Market: Segmentation

The global solid white films market is segmented on the basis of heat sealing capability, thickness, application, and end-user industry.

On the basis of heat sealing capability, the global solid white films market has been segmented into:

  • Heat Sealable
  • Non-heat Sealable

On the basis of thickness, the global solid white films market has been segmented into:

  • Up to 20 µm
  • 20 – 40 µm
  • Above 40 µm

On the basis of application, the global solid white films market has been segmented into:

  • Printing
  • Lamination
  • Packaging
  • Others

On the basis of end-user industry, the global solid white films market has been segmented into:

  • Food & Beverages
  • Meat
  • Fresh Produce
  • Confectioneries
  • Coffee & Tea
  • Other Foods (Chips, Biscuits, & Cereals)
  • Personal Care & Cosmetics
  • Tobacco
  • Textiles
  • Homecare
  • Electronics and Electricals
  • Others

The global solid white films market has been divided into seven regions –

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

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Frequently Asked Questions (FAQs)

  • What will be the growth of Solid White Films Market in the coming years?
  • Who are the key players in the Solid White Films Market?
  • What will be the size of Solid White Films Market in the foreseeable future?
  • Which end-use type is expected to register significant growth in the Solid White Films Market?
  • Which region accounted for the largest share in the Solid White Films Market?
  • Who are the target audience in the Solid White Films Market?

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Micro CHP Market Dominance of the Leading Companies Over the Global Industry

In 2022, it is anticipated that the global micro CHP market will be worth US$ 1 billion. High efficiency, reduced fuel consumption, and increased power manifestations across applications, along with strict regulation in the energy sector to reduce extreme climatic conditions, will drive industry growth. Between 2022 and 2032, the overall demand for micro CHP is anticipated to increase at a CAGR of 7.2 percent, reaching about US$ 2.0 billion by that time.

The ubiquitous driving force behind the micro CHP system is the generation of heat across the residential and commercial sectors to boost energy-efficient systems with waste heat generation. The decreased maintenance and operations required are another driving factor in the micro CHP market.

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Micro CHP, which has a capacity of 10 to 50 kW, is regarded as a growing technological innovation because it combines heat generation and sustenance with energy efficiency, helping to streamline market estimates. Technology-driven sustained heat production in educational institutions, military installations, and medical facilities contributes to the industry’s ongoing expansion.

A recent uptick in the use of energy-efficient products and fervent domestic energy resource utilisation is imminent. The efficiency of micro-cogeneration (m-CHP) systems is higher than that of typical conventional electrical power generation, which makes them more important in reducing environmental leakages, conserving energy, and drastically lowering overall heating and electrical costs. The micro CHP industry is prepared with natural gas and LPG as the main heat source and is anticipating a sustainable ecosystem. Environmental eco-friendliness, cost effectiveness, and anti-corrosive output will likely prove to be factors in the industry’s growth.

Key Takeaways from the Market Study

  • Stirling engine-based micro CHP industry size is projected to observe over 8% CAGR through 2032
  • From 2017 to 2021, demand for micro CHP experienced noteworthy expansion, clocking a CAGR of 6.7%
  • By fuel, oil-fuelled micro CHP systems sales to proliferate at a 6.7% CAGR until 2032
  • Gas-fuelled micro CHP to acquire surging popularity, forecast to grow at a 6.5% CAGR
  • North America to account for more than 2/5th of global micro CHP market revenue in 2022
  • Asia Pacific to be one of the most promising markets, recording a 7% value CAGR

“With growing infusion of capital from the private and public sector and lying at the forefront a favourable climate for pursuing tech upgrades, abetted by strict governance in reducing climate extremities, work upholds in unison for uplifting growth in the micro CHP market”, remarks the FMI analyst.

Competitive Landscape

Strategic alliances, agreements, mergers, and acquisitions are relied upon by major players in the micro CHP sector, and they will have a positive impact on the market trend. Additionally, keeping players satisfied involves introducing new product lines. Here are a few notable examples:

  • As a principal manufacturer of high-efficiency heating and renewable energy systems, Viessmann offers on display comprise a complete range of heating solutions designed for today, that meet the energy challenges of tomorrow. All of our products are designed with the future in target, and built to last so you can enjoy many years of worry-free home comfort. Viessmann also offers mobile and smart home solutions to add control and convenience, so you can save time and money and help reduce the environmental effect.
  • For providing micro CHP (micro combined heat and power), Axiom Energy Group generates heat and derives electricity on site. Plus, these systems are used in heating homes, commercial buildings and for heating pools. Generating electricity on site helps save money. Micro CHP systems of Axiom are powered up by a liquid cooled internal combustion (IC) engine with operating fuel as propane or natural gas.

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Key Segments Covered in the Micro CHP Industry Report

Micro CHP Market by Capacity:

  • Micro CHP less than 2kW
  • Micro CHP from 2 kW to 10 kW
  • Micro CHP from 10 kW to 50 kW

Micro CHP Market by Fuel:

  • Natural Gas & LPG-powered Micro CHP
  • Coal-powered Micro CHP
  • Renewable Resources-powered Micro CHP
  • Oil-powered Micro CHP
  • Other Fuel-powered Micro CHP

Micro CHP Market by Prime Mover:

  • Stirling Engine-based Micro CHP
  • Internal Combustion Engine-based Micro CHP
  • Fuel Cell-based Micro CHP
  • Other Prime Mover-based Micro CHP

Micro CHP Market by Application:

  • Micro CHP for Residential Applications
  • Space Heating/Cooling
  • Water Heating
  • Cooking
  • Lighting
  • Others
  • Micro CHP for Commercial Applications
  • Educational Institutes
  • Office Buildings
  • Healthcare Buildings
  • Others

Micro CHP Market by Region:

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

More Insights Available

In its latest offering, FMI provides a frank analysis of the global micro CHP market, including historical data from 2017 to 2021 and projected figures for the years 2022 to 2032.

The study offers a thorough examination of the market across seven major regions based on capacity (Less than 2KW, 2-10 KW, and 10-50 KW), fuel (natural gas & LPG, coal, renewable resources, oil), and prime mover (stirling engine, internal combustion engine, fuel cell, and others) (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

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

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Combi Boiler Market Key Players are Adopting Different Growth Strategies to Maintain Their Global Dominance

During the forecast period of 2022 to 2032, the global market for combi boilers is anticipated to grow steadily at a CAGR of 5.2 percent. The market is anticipated to grow and reach a global market valuation of US$24.2 billion in 2022. The market for combi boilers is anticipated to grow to US$ 40.17 billion by 2032, taking into account the expanding demand on the global market.

A combination or ‘combi’ boiler is a compact appliance that combines a high-efficiency water heater and a heating boiler system. Combi boiler systems also necessitate less plumbing, lowering initial costs and the likelihood of a leaking pipe.

Combi boilers are preferred by around 72% of UK homeowners over traditional boilers because of their efficiency and compact form. Combi boilers are connected to the mains water supply and offer on-demand hot water. The market for combi boilers is expected to grow due to rising urbanization. Furthermore, population growth in the developing regions is rapid, with the urban population anticipated to rise from 3.85 billion today to 6.31 billion in 2050. Such factors will increase global demand for combi boilers.

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As a result, combi boilers are ideal for installation in a loft, or even a kitchen closet. Some designs may incorporate a tank, allowing for increased hot water flow rates. During the projection period, such advances will drive demand for combi boilers. In light of rising use of dependable and effective heating solutions, the condensing technology category is predicted to dominate the global market share in 2022. High operating efficiency, less environmental contamination, lower energy costs, and increased energy recovery are some key variables that will positively influence product demand.

Key Takeaways from the Market Study

  • In 2022, the global combi boiler market is estimated to have a global market size of US$ 24.2 Bn.
  • By fuel, the natural gas segment is expected to inhibit a 5.2% CAGR during the forecast period.
  • By technology, the condensing segment is projected to acquire a global market valuation of 82% in 2022.
  • The European market for combi boilers will grow with a 5.6% CAGR during 2022-2032.
  • The APAC combi boiler market is expected to grow with a 4.95% CAGR during the forecast period.
  • The North American region is projected to acquire 31% of the global market share in 2022.

“Simple design, substantial energy savings, compact size, enhanced efficiency, and dependable operation across a wide range of applications will drive industry demand, as will continuous expenditures in the installation of space heating technologies,” comments a Future Market Insights analyst.

Competitive Landscape

The most important strategy being taken by the market’s leading players is the expansion of their product portfolio. At the moment, certain players are attempting to improve product quality by utilizing modern technologies such as IoT and AI. In addition, firms are using partnerships, mergers and acquisitions, and collaboration as significant methods to enter a new market.

  • Vaillant, a British combi boiler manufacturer, manufactures combination boilers with power ratings ranging from 24 to 38 kW. In their household line, they also make heating boilers ranging from 18 kW to 38 kW, as well as hot water storage units, solar systems, and heat pumps. Vaillant also offers a commercial line of wall-hung boilers with capacities ranging from 46 to 120 kW, as well as floor standing boilers.
  • Viessmann provides innovative heating systems for all fuel types and output levels of 1.5 to 20,000 kW. Because everything is supplied from a single source, their product line is divided into three categories (100, 200, and 300) and offers a suitable solution for every heating requirement or budget.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global combi boiler market, presenting historical analysis from 2016 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of fuel (natural gas, oil, others), by technology (condensing and non-condensing) and region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Key Segments Covered in the Combi Boiler Market Report

Combi Boiler Market by Fuel:

  • Natural Gas powered Combi Boiler
  • Oil Powered Combi Boiler
  • Combi Boilers powered by Other Fuels

Combi Boiler Market by Technology:

  • Condensing Combi Boilers
  • Non-Condensing Combi Boilers

Combi Boiler Market by Region:

  • North America Combi Boiler Market
  • Latin America Combi Boiler Market
  • Europe Combi Boiler Market
  • Asia Pacific Combi Boiler Market
  • Middle East & Africa Combi Boiler Market

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

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Plastic Liners Market expected to total US$ 7.2 Billion in 2032: Key Drivers, Trends, and Challenges

According to Future Market Insights (FMI), the plastic liners market is expected to total US$ 7.2 Bn in 2032, expanding at a 4.8% CAGR during the forecast period (2022-2032). Plastic liners are the flexible packaging solution that are used for transporting bulk products from one destination to other. The plastic liners are used for protecting the bulk products from external natural elements. This also helps in keeping the product contamination-free.

Plastic liners are an essential part of many industries, providing protection against spills, leaks, and contamination. The plastic liners market includes a wide range of products, from small bags and pouches to large drum liners and tank liners. These liners are commonly made of polyethylene or polypropylene, both of which are durable and resistant to chemicals and UV radiation. The plastic liners market is highly competitive, with many manufacturers vying for market share.

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Key Drivers of the Plastic Liners Market

  • Growing Demand from the Food and Beverage Industry- The food and beverage industry is one of the largest consumers of plastic liners, using them for packaging and transportation of various products. The growing demand for packaged food and ready-to-eat meals is driving the demand for plastic liners. Moreover, the use of plastic liners in food processing helps to maintain hygiene and prevent contamination. The increasing adoption of eco-friendly and recyclable plastic liners is also contributing to the growth of the market.
  • Increasing Demand from the Pharmaceutical Industry- The pharmaceutical industry is another major consumer of plastic liners, using them for packaging and transportation of drugs and medical devices. The use of plastic liners helps to maintain the sterility of the products and prevent contamination. The increasing demand for pharmaceutical products, especially in emerging economies, is driving the demand for plastic liners.
  • Growing Demand from the Construction Industry- The construction industry is another significant consumer of plastic liners, using them for protecting surfaces and containing liquids and debris. The use of plastic liners in construction helps to prevent leaks and spills, protect surfaces from damage, and maintain cleanliness. The growing demand for infrastructure development, especially in developing economies, is driving the demand for plastic liners.

Key Takeaways from Plastic Liners Market  

  • Based on material, the polypropylene (PP) segment is estimated to hold around 40% of the market value share by the end of 2032.
  • In terms of end use, the food & beverages segment is anticipated to create a growth opportunity of US$ 917.8 Mn during 2022-32.
  • With the rise in the shipment of bulk products, the demand for the upto 5 Kg plastic liners is expected to propel during the forecast period.
  • Sales of plastic liners in North America will surge with the increasing trade of various commodities along with the presence of leading industry manufacturers.
  • Europe is expected to emerge as the most remunerative plastic liners market on the back of expansion of food & beverage and chemical industries

Rise in Demand for the Proper Disposable Solution to Bolster Plastic Liners Demand

The plastic liners are also used for disposing of household and industrial waste. The waste is thrown in the plastic liners placed inside the waste container which reduces the cleaning effort and cost.

With the usage of plastic liners in the waste containers, the container remains clean. It is easy to remove the plastic liners and directly dispose of the waste. As the plastic liners prevent leakage, the waste container does not get spoiled.

Also, the garbage or waste plastic liners are made using special material so that the odour of the waste remains trapped inside. The development of scented garbage plastic liners creates a growth opportunity for the target market.

The plastic liners are recyclable as well as hygienic which gains traction among the end-users. The strength of the plastic liners prevents them from getting torn, this helps in carrying heavy loads. Overall, the demand for proper waste disposable packaging solutions boosts the demand for plastic liners.

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Plastic Liners Market Landscape

Berry Global Group, ILC Dover LP, Plascon Group, American Plastics Company, and Polymer-Synthese-Werk GmbH are the key players operating in the plastic liners market. Also, the other noticeable players in the global plastic liners market are RRR Supply, Inc., A-Pac Manufacturing Co., Inc., International Plastics Inc., Champion Plastics, Chiltern Plastics, and others. The key players in tier 1 hold around 20-25% of the global plastic liners market.

Plastic Liners Market by Category

By Material:

  • Polyethylene (PE),
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polystyrene (PS)
  • Others (PLA, etc.)

By Capacity:

  • Upto 5 kg,
  • 6 – 15 Kg
  • 15 – 25 Kg
  • Above 25 Kg

By End Use:

  • Food and Beverages
  • Fertilizers & Agri Products,
  • Pharmaceutical
  • Industrial Chemicals
  • Others

By Region:

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

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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