Market Research Blog – Page 5857 – New Product Development

Produce Packaging Market is rising to US$ 44,447.6 million by 2033 with Impressive Growth in future

The produce packaging market is anticipated to enjoy robust demand, with a total value of US$ 34,470.9 million in 2023 increasing to US$ 44,447.6 million by 2033. Between 2023 and 2033, FMI expects the sales of produce packaging to expand at a 2.6% CAGR.

Changing eating habits and lifestyles may cause people to buy more packaged goods, which could have a big effect on the produce packaging. A rise in the amount of disposable income per person and a rise in the population is expected to help increase the demand for the product because of its high barrier properties, long shelf life, and safety for the consumer.

People want natural, high-quality foods that haven’t been processed much or at all, don’t contain preservatives, and last longer. Food is packaged for many reasons, such as to keep out dirt and bugs, to make it easier to carry, and to control how much food is eaten. Sustainable packaging helps reduce food waste and loss by preventing food-borne diseases, and chemical contamination, and keeping the quality of food.

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Blockchain produce packaging is a key trend that is gaining popularity in the produce packaging market. Blockchain is a way to store data that makes system updates, hacks, and fraud very hard or impossible. Blockchain makes it possible for customers and businesses to track products back to their place of origin. It’s as easy as putting a QR code on a package to get information quickly. This smart feature has increased transparency and quality assurance for customers, which is why many companies have already adopted blockchain for the same reason.

Nestlé, a Swiss food company, put a QR code on each package of the Swedish coffee brand Zogas in 2020. Consumers have access to information about coffee farmers, harvest times, roasting times, and shipping certificates that go back to where the coffee was grown. IBM FoodTrust’s blockchain technology platform is used to do these things. This package’s new idea is likely to appeal to coffee drinkers who care about doing the right thing and who value sustainability.

In November 2021, Graphic Packaging Holding Company, which is a United States-based vertically-integrated provider of sustainable consumer packaging solutions, acquired AR Packaging Group for US$ 1.45 billion. The acquisition is expected to help Graphic Packaging strengthen its position as a provider of sustainable fiber-based packaging alternatives to consumer-packaged goods companies around the world. AR Packaging Group is a company in the United States that makes fiber-based consumer packaging.

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Key Takeaways

The corrugated boxes segment held a share of 35.5% in 2022.
Market growth is expected to be driven by the rising demand for fast food.
Japan produce packaging market is expected to record a CAGR of 6.3%.
The demand for produce packaging is likely to be slowed down by quickly changing technologies and rising costs of raw materials.

Competitive Landscape

The produce packaging market is marked by differentiation, growing service penetration, and a lot of competition. Innovation in design, technology, and application can give a business a sustainable competitive edge. During the forecast period, the company concentration ratio is expected to grow at a faster rate, since many players see the market as a good chance to combine their products. The players in the market are affected by things like short product development cycles and high barriers to leaving. Overall, the level of competition is likely to be very high.

Recent Developments:

In May 2022, Berry Global Group, Inc. announced that it may work with Cleanfarms and Poly-Ag Recycling on a closed-loop plan to improve Canada’s circular economy. The recycling program in Canada was started at the beginning of 2022. Its goals are to recover used agricultural films, process recovered grain bag material, and make new products with recycled content.

In October 2021, the Smurfit Kappa Group paid US$ 390 million to buy the 600,000-ton containerboard mill Verzuolo in Northern Italy. This mill adds to what the company is already doing and is strategically placed near the port of Savona, which helps the company a lot with operations and logistics.

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Key segments

Application:

Food Grains
Vegetables
Fruits

End User:

Growers/Shippers
Re-packers
Retail Stores

Packaging Type:

Corrugated Boxes
Bags & Liners
Plastic Containers (Cups, Tubs, Bowls, etc.)
Trays
Other Packaging (Plastic Film, Molded Pulp Containers, Wooden Crates, etc.)

Region:

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

Table of Content

Executive Summary | Produce Packaging Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter’s Analysis

3.6. Regulatory Landscape

3.7. Regional Parent Market Outlook

Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

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Ziplock Products Market – China Holds Around 61.7% Share of the East Asia Market | Says FMI

The ziplock products market is anticipated at US$ 2.2 Billion in 2022 and is projected to reach US$ 4.5 Billion by 2032, at a CAGR of ~7.5% from 2022 to 2032.

To capitalize on the growing demand from a wide range of industries, ziplock products manufacturers are using innovative technology such as lamination and eco-friendly materials. As food items include food grade plastic films and laminates, manufacturers are using aluminium foils and metal sheets to increase rigidity and protect against external threats.

Ziplock products such as pouches and bags employ a simple ridge lock mechanism to seal the bags. These bags can be easily sealed and stored without any hassle. Due to their convenience, ziplock pouches and bags are gaining immense popularity in commercial and residential sectors. Further, end users in diverse sectors are using the ziplock bags for their products such as consumer goods, food, and others. As per the study, the food sector is considered to be the largest consumer of ziplock products.

Plastic films infused with anti-bacterial agents serve to keep internal food products safe and extend shelf life. Ziplock bags are useful to store food products and to carry them around safely. In addition to food products, storing medicines, cloths, and using the small sized ziplock bags while cooking is also common and is a trending factor in the current market scenario.

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Plastic is used in the making of ziplock bags and pouches; hence, there are restrictions on manufacturing and use of plastic bags in some countries. There are chances that low quality plastic can react with food and cause poisoning. As there are some potential hazards to humans, the market might witness some restrictions.

Key Takeaways from the Ziplock Products Market Study

In terms of material, the plastic segment generated revenues worth US$ 340 Billion in 2021, owing to its higher number of applications in food packaging industry.
In terms of end use, the food industry is expected to create incremental growth opportunities in the ziplock products market.
China is expected to lead the growth in East Asia ziplock products over the forecast period.
Aluminium laminated ziplock bags are commonly used for snacks and powdered products.

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“Ziplock products such as bags and pouches are gaining immense traction as consumption of frozen food and ready-to-eat meals is surging. Hence, leading manufacturers are inventing in new designs and novel technologies to gain revenue.” Says an FMI Analyst.

Who is winning?

Some key players in the ziplock products market are Bemis Company Inc., Uflex Ltd., Sealed Air Corporation, Winpak Ltd., Constantia Flexibles Group GmbH, Glenroy Inc., Huhtamaki Oyj, Sonoco Products Company, Clondalkin Group Holdings B.V., Ampac Holdings LLC, Flair Flexible Packaging Corporation, Asahi Kasei, Ziploc, Berry Global Inc., AE Adams (Henfield) Ltd., and Printpack Inc. among others.

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Future Market Insights, in its new offering, provides an unbiased analysis of the ziplock products market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the ziplock products market ziplock products market by product type (flat pouch and stand-up pouch), material (plastic, laminates, paper, and others), closure type (slider zip and press to close), and end use (food, personal care & cosmetics, pharmaceuticals, and others) across seven major regions.

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Blowing Torch Market in the Butane Segment Currently Accounts for Over 32% of the Global Market

The global blowing torch market size is expected to reach US$ 318.5 Million in 2022 and further grow at 4.8% CAGR during the forecast period from 2022 to 2032. Moreover, sales of blowing torches in the global market are projected to surpass a valuation of US$ 510.1 Million by 2032.

Demand in the market is especially high for gas blowing torches due to their ease of ability to utilise less amount of gas, increased durability, and longer shelf life. Gas blowing torches, which employ pressurised gases such as butane, propane, MAPP, oxy-gas, and liquefied petroleum gas, are widely used for various applications in different sectors.

Rising applications of blowing torches across residential, industrial, and commercial sectors worldwide, growing trend of do-it-yourself (DIY), and innovation in product designs and features are some of the key factors driving the global blowing torch market.

Blowing torches are tools used for producing a controlled flame through highly flammable gaseous or liquid fuel. These tools are being increasingly used across various sectors for performing different functions, including melting, soldering, repairing, etc.

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These torches generate high-temperature flames of up to 1000 degrees Celsius. The diameter of the blowing torch’s burner tube varies depending on their needs. Such factors are attracting a higher number of consumers towards product adoption and boost the overall market.

Because of their utility in cooking, craftwork, fixing food piping, and removing paint, blowing torches are becoming increasingly popular in households. They are used for a variety of tasks such as melting cheese, lighting, caramelising sugar, roasting vegetables, and so forth.

They are also commonly used in restaurants and hotels for a variety of purposes. Because of different applications of gas blowing torches such as soldering, metal softening, pre-heat for welding, castings, and so on, the industrial uses of the blowing torch are rising exponentially.

Key Takeaways from the Blowing Torch Market Study

In terms of volume, the market is expected to register a CAGR of 4.6% during the forecast period (2022-2032).
By product type, butane segment holds over 32% share of the global blowing torch market.
Based on mode of operation, the manual segment accounts for over around 62% share of the global market.
With over 30.1% market share in 2021, North America is likely to retain its dominance over the global blowing torch market during the forecast period.
The U.S. blowing torch market is poised to exhibit a steady growth rate during the next ten years.
With rising usage across food services industry, demand for blowing torches across the U.K. is expected to grow at a significant pace through 2032.

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“Leading manufacturers in the global blowing torch market have increased their R&D efforts to extend their product range and improve technology. Businesses are focusing on new potential markets in order to grow their consumer base and establish a stronger global presence”, says a lead FMI analyst.

Who is Winning?

Leading players operating in the global blowing torch market are Bullfinch Gas Equipment Ltd., Fowkes Bros. (PTY) Ltd., Auscrown Pty Ltd., Iwatani Corp., Lakeland, Bernzomatic, LN Marketing Pty Ltd., Rekrow Industrial Inc., Magna Industries Inc., and Yuhuan Kalilong Metal Products Co., Ltd. among others

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the blowing torch market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the blowing torch market based on product type (butane, propane, LPG, and others), mode of operation (manual, automatic) application (residential, commercial, and industrial), sales channel (hypermarkets/supermarkets, wholesalers/distributors, specialty stores, direct sales, online retailers, and others), across several regions.

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Leading players in the Metal Bellows Market are Estimated to Account for Approximately 10-15% of the Total Market Share

The global metal bellows market size is expected to reach US$ 1,968 Million in 2022. Furthermore, with rising adoption across various industries, the overall demand for metal bellows is projected to grow 6% CAGR from 2022 to 2032, totalling a market valuation of US$ 3,550 Million by 2032.

Bellows come through as ‘flexible seats’, mainly due to the fact that they have a pretty predictable spring rate due to elasticity. The manufacturing sector couldn’t be imagined without bellows, especially in flexible joints, vacuum seals, accumulators, and likewise. Welded bellow holds the largest market share due to better spring rate, resistance against chemicals, leak rate stroke, and likewise.

Metal bellows provide a variety of benefits over non-metallic bellows. As a result, the demand for metal bellows is increasing throughout the world. Metal bellows are employed in a variety of industrial applications, including pipe junctions, where contraction is expected when pressure gets applied from the opposite side of any elastic vessel. Additionally, Metal bellows are also employed as flexible sealing components in vacuum technology. The major areas of use are vacuum valve stem seals and vacuum sealing.

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Metal bellows are capable of easily absorbing thermal and mechanical movement, and have a longer life-span. They are well-known for safeguarding against higher temperature. The tensile strength possessed by metal bellows is unparalleled. Those dealing with pipe joints prefer metal bellows as they help in curbing movement caused due to equipment movement, thermal fluctuation, and pressure pulsation or vibration.

Metal bellows are being preferred in traditional boilers, expansion joints, gas turbines, fuel gas duct systems, mechanical seals, thermal expansion tanks, engine exhaust systems, and steam turbines.

At the same time, it needs to be noted that metal bellows are not conducive to the food & beverage vertical, basically due to the fact that the convolutions of bellows result in bug traps, which is actually tough to clean at the time of operational processes. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Metal Bellows Market’.

Key Takeaways from Metal Bellows Market

North America holds a significant market share and is expected to continue with the winning streak even in the forecast period. This could be attributed to an increasing usage of metal bellows by the aerospace and defense vertical.
Europe is expected to witness steadiness in the metal bellows market due to rising demand for welded bellows in marine and aerospace industries. Italy and Germany lead from the front. As per Germany Trade and Invest, the second biggest sector all across Germany is the machinery and equipment one.
The Asia-Pacific is expected to grow at the fastest rate in the metal bellows market. This could be reasoned with spike in demand for metal bellows in power & energy, military & defense, automotive, aerospace, and petrochemical vertical. Indian Automobile Manufacturers have mentioned that passenger vehicles’ trade did increase by ~2% in the year 2019.

Competitive Landscape

MW Industries, Inc., in June 2018, completed acquisition of the US-based Bellowstech (manufacturing edge welded metal bellows). The former makes provisions for springs, fasteners, and various critical components to cater to aerospace applications. It’s important to note that the company is ISO 9001-certified regarding components.
FlexEJ, in April 2022, did complete designing and fabricating an entire batch comprising metal expansion joints for a manufacturer of pharmaceuticals based out of the UK.
FlexEJ, in September 2021, completed acquisition of Safetech (a leading manufacturer of rubber bellows).
MW Industries, Inc., in 2018, acquired Ameriflex, Inc. (a prominent manufacturer of precision metal bellows, flanges, flexible metal hose, and various other products).

“In spite of metal bellows being subject to strict regulations, the end-users prefer them due to the advantages offered over their counterparts. This factor is expected to boost the metal bellows market in the near future”, says an analyst from Future Market Insights.

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Global Metal Bellows Industry by Category

By Product Type:

Formed
Electroformed
Welded

By Material:

Titanium Alloys
Stainless Steel Alloys
Nickel Alloys
Others

By End-Use Industry:

Aerospace & Defence
Automotive
Power Generation
Water Treatment
Oil & Gas Refining
Heavy Manufacturing
Light Manufacturing
Others

By Application:

Conventional Boilers
Gas Turbines
Fuel Gas Duct Systems
Engine Exhaust System
FCCU’s
Steam Turbines
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Demand for Pet Hotels Market is Likely to Grow at a CAGR of 8.4%, through 2032 | FMI

The global pet hotel market is predicted to reach a value of US$ 9679.1 Million by 2032, with sales growing at a robust CAGR of 8.4% from 2022 to 2032. Predicted to reach an estimated US$ 4320.6 Million in 2022, the target market is fueled by shifting and prevailing trends for premium pet services. The growing awareness of veterinary health further aids the growth of the pet hotel market during the forecast period.

The emergence of evolved, cost-effective, and personalized services, that includes a wide range of services such as grooming, pet entertainment and others, has resulted in the rise, the establishment and adoption of pet hotels. Similarly, the chance for pet parents to be able to customize the experience of their pets in these hotels is a highly appealing factor which invites a larger consumer base.

The increasing popularity of pet daycare services, rising pet humanization, along with a fast-paced lifestyle and unavoidable work commitments of pet owners is expected to act as a major growth driver for the pet hotel market. In addition, more and more pet owners are inclined to spend more on the welfare of pets which ultimately increases the overall expenditure for animal care, including services like pet sitting. This will likely further propel the growth of the target market.

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Again, increasing impact of social media and e-commerce platforms as well as the rise in pet ownership, particularly amongst millennials and Generation Zs, is predicted to supplement the pet hotels market growth. All of these considerations, in addition to others, will augment the global sales of the pet hotels market during the forecast period.

“Rising pet ownerships coupled with increasing pet humanization efforts are expected to supplement the global growth of the pet hotels market over the forecast period,” says an FMI analyst.

Key Takeaways:

High costs and fear of viruses may stymie the market growth.
Rapid urbanization coupled with an upsurge in nuclear families fuels the target market in the Asia Pacific region.
The pet hotel market in North America will hold about 58% of the revenue share.
Rise in the number of pet sitters will drive the pet hotel market growth in China.
Start-ups in this market are increasing their service offerings.

Competitive Landscape

D Pet Hotels, Critterati, Camp Bow Wow, Posh Pet Hotel, The Barkley, Best Friend Pet Care, Old Towne Pet Resort, The Ings Luxury Cat Hotels, Wag Hotels, and Pacific Pet Resort, among others are some of the major players in the pet hotels market profiled in the full version of the report.

Leading market players are focusing on adopting new and developed technologies to enhance their facilities and provide better service. Offering a wide range of services, upgrading their product offerings, and expanding their operations are some strategies used by these market participants. These firms also employ tactics like mergers, acquisitions, and partnerships to gain a competitive edge.

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More Insights into Pet Hotels Market Report

In its latest report, FMI offers an unbiased analysis of the global pet hotels market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of pet type (dog hotels, cat hotels, other pets), hotel type (economic, mid-range, luxury), global pet hotels (small & medium, large), the basis of ratings (<3 stars, 3 & above), booking mode (offline, phone, online), and region.

According to the latest FMI reports, based on region, the pet hotel market in the North America will present remarkable growth during 2022-2032. Increasing pet ownership, particularly in the U.S., is driving the regional market growth. Thus, the pet hotel market in North America is expected to account for about 58% of the overall revenue share. Greater influence of social media along with pet owners’ desire for premium services for their animal companions will further aid the target market growth in this region.

The pet hotel market in the Asia Pacific region, too, will demonstrate notable growth over the next few years. A rise in nuclear families, swift urbanization, availability of personalized pet services, especially in Australia and Japan, and a surge in number of pet sitters due to a rise in disposable income in countries like China and India is driving the pet hotels market growth in the Asia Pacific region during the forecast period.

Key Segments Profiled In The Pet Hotels Market Survey

By Pet Type:

Dog Hotels
Cat Hotels
Other Pets

By Hotel Type:

Economic
Mid-range
Luxury

By Global Pet Hotels:

Small & Medium
Large

By Basis of Ratings:

<3 Stars
3 & Above

By Booking Mode:

Offline
Phone
Online

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European Hydration Backpack Market Share Currently Stands at 38% of the Global Market Share | FMI

The global hydration backpack market size is expected to reach US$ 388 Million and is projected to grow at a CAGR of 12%. Due to increased participation in sports and recreation activities, the global market will reach a value of US$ 5735 Million by the year 2033.

Several health concerns regarding plastic usage and bottled water have led to consumers switching to eco-friendly hydration backpacks, which will result in an increase in demand for hydration backpacks. Technology-advanced materials and the need to maintain the water’s temperature are expected to further boost the market growth in the near future. As a result, there will be a dramatic increase in the demand for hydration backpacks over the coming years.

Over the past five years, there has been a dramatic rise in the popularity of sports and military backpacks that contain hydration functions. Among the emerging trends that will influence the market over the next few years are the increasing use of hydration nozzles with pressurized water and removable bladders.

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A recent report from the World Development Report Institute indicates that the rising interest in cycling, hiking, and running among consumers in Brazil, India, and China is expected to boost the market growth. Moreover, due to the wellness benefits offered by this product, this market is expected to grow in the near future due to the health benefits it offers.

Key Takeaways from the Market Study

According to the report, the hydration backpack market is expected to reach US$ 388 million by 2023.
The hydration backpack industry is expected to grow at a CAGR of 12% between 2023 and 2033.
Hydration backpacks are expected to reach a valuation of US$ 1205 million by 2033.
By distribution channel, the specialty stores segment dominates the market with a 47% share, which is expected to continue over the forecast period.
North American hydration backpack sales are expected to grow 41% by 2033.

“Growing consumer awareness about healthy lifestyles and outdoor activities including trekking, hiking, biking, and marathons are expected to lead to an increase in the market demand for hydration backpacks in the near future,” comments an analyst at FMI.

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Competitive Landscape

Vista Outdoor Inc. (CamelBak), Columbia Sportswear Company, Osprey Packs Inc., High Sierra, Gregory Mountain Products, Source Tactical Gear, Hydro Flask, Mazama Designs, LLC., USWE Sports AB, and TETON Sports.

To gain a competitive advantage and increase their market share, these firms are pursuing a number of strategies including the launch of new products, the expansion of their facilities, mergers, collaborations, partnerships, and acquisitions in an effort to improve their competitive situation. For instance,

In June 2022, GenZ Outdoor unveiled an exclusive backpack designed for the Electric Forest. As the founder and designer of GenZ, Ryan Lange ensured that the product would stand out from the crowd. As a nod to the return of one of the nation’s most renowned music events, GenZ Outdoor created a hydration pack dubbed the RaveRunner. GenZ x EF collabs provide Forest Dwellers with everything they need for weekend-long frolics, including two liters of water and warm clothing for the evening.
In September 2022, the 2022 International Design Excellence Awards honored Whipsaw with multiple awards. In the Medical & Health category and in the Sports, Leisure & Recreation category, Whipsaw was awarded silver awards for Fluidigm’s Biomark X and MXXY Hydration Backpack.

Key Segments Covered in the Hydration Backpack Market Industry Survey

Hydration Backpack Market by End User:

Hydration Backpack for Sports
Hydration Backpack for Military

Hydration Backpack Market by Distribution Channel:

Hydration Backpack Sales via Specialty Stores
Hydration Backpack Sales via Departmental Stores
Hydration Backpack Sales via Online Retail

Hydration Backpack Market by Region:

North America Hydration Backpack Market
Latin America Hydration Backpack Market
Europe Hydration Backpack Market
Asia Pacific Hydration Backpack Market
Middle East & Africa Hydration Backpack Market

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Enameled Cookware Market – Le Creuset France SAS, Staub Fonderie SA, Lodge Manufacturing Company, Tramontina USA Inc

The global enameled cookware market is currently valued at US$ 1.95 Billion in 2023 and is anticipated to expand at a CAGR of 6.45%. Owing to the technological advances in healthcare sector the market is likely to propel to US$ 3.64 Billion by 2033.

Industry leaders are investing heavily in R&D to provide cookware products that suit every aspect of consumer needs, which is driving the enameled cookware market. North America and Europe are expected to be leading markets for enamelled cookware and are expected to continue their dominance through the assessment period.

Increasing awareness among the consumers about the health issues associated with aluminum, coated and non-stick cooking utensils are some of the main factors that drive the growth of the global market for enameled cookware during the forecast period.

The increasing number of restaurants and hotels is likely to fuel the market’s expansion. Enameled cast iron cookware are commercially used because of its excellent warming capacity, which ensures that food is crisp and properly cooked while also ensuring that the utensil is not easily damaged. This offers a lucrative growth opportunity for the market.

Find a comprehensive report summary that describes the market size and forecast along with the research methodology. Sample report is available in PDF format@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15901

Key Takeaways from the Market Study

As of 2023, the enameled cookware market was valued at US$ 1.95 Billion
From 2023 to 2033, the industry is poised to grow at a 6.4% CAGR
By 2033, enameled cookware market is slated to reach a valuation of US$ 3.64 Billion
By distribution channel, the offline segment accounted for the largest share of 70.3% and is expected to continue this trend over the forecast period.
China is poised to yield a CAGR of 6.2% with respect to enameled cookware in 2033

“Growing per capita income and increased spending on kitchenware are expected to radically transform the enameled cookware market in the coming years,” comments an analyst at FMI.

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Competitive Landscape

Le Creuset France SAS, Staub Fonderie SA, Lodge Manufacturing Company, Tramontina USA Inc., Cuisinart, Williams-Sonoma Inc., Vermicular, Country Door, Camp Chef, The Coleman Company, Inc are some of the key companies in the enamelled cookware market.

These players are continuously adopting various strategies such as new product launches, facility expansions, mergers, collaborations, partnerships, and acquisitions to increase their revenue share and gain a competitive edge in the market. for instance,

In March 2022: Le Creuset recently launched a new piece of cookware designed to help bake bread, the Le Creuset Bread Oven. The brand says it can also use to make baked goods, meat and vegetables.
In March 2022– The Fulham Group, the exclusive Cuisinart® brand licensee for outdoor grilling products, has debuted an Outdoor Heating collection that brings style and warmth to outdoor entertaining spaces.
In October 2022, Lodge Manufacturing Company expanded and reconfigured its existing facility in South Pittsburg with USD 56 million investment, thereby creating 239 new jobs in the process.

More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the enamelled cookware market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the Enameled Cookware Market by Market by Product (Ovens, Pots, Pans, Bakery Tray, Others) by application (Residential, commercial) by Distribution Channel (Online, Offline) By Region – Global Forecast 2022-2032

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Our consumer product consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the industrial automation sector.

Our expertise in recognizing the challenges and trends impacting the global industrial automation industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

For more information, refer to our market research report or contact the PR author.

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Europe Demi-fine Jewellery Market is Expected to Experience a CAGR of 3.5% in 2033 | FMI

The global demi-fine jewellery market was valued at US$ 2,541.40 Million in 2033, with a compound annual growth rate (CAGR) of 3% anticipated from 2023 to 2033. Demi-fine jewellery is an appealing gift option for consumers of all ages and on a variety of occasions due to its affordability and use of high-quality materials. As a result, it stimulates the demand for demi-fine jewellery.

In 2016, Net-a-Porter was one of the first just several websites to launch a luxury costume jewellery line, and since then, the percentage of demi-fine jewellery fashion brands has increased by 250.5%. Big manufacturers of the demi-fine jewellery market create a wide range of demi-fine jewellery aimed specifically at female customers. Furthermore, the product’s popularity among women helps to increase its adoption in this industry.

The burgeoning e-commerce industry increased product online presence, and excessive use of social media and apps have created lucrative growth opportunities for the market to expand its customer base. Therefore, Over the forecast period, a huge variety of jewel pieces such as pendants, various earrings, bracelets, rings, and others will drive a huge number of customers to wear unique styles and desires. (2023-2033).

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Factors such as increasing prevalence of vascular diseases, technological advancements in embolization products and procedures, increasing research and development activities, and growing demand for minimally invasive procedures are driving the market growth. Europe is expected to have the fastest Growth rate of 3.5% during the forecast period. This is due to the rise in the supply of affordable and elegant jewellery. In 2022, Asia Pacific had the biggest market share of more than 45.3%. The sheer volume of key players in the region, such as Tanishq, Queelin, and others, has made significant contributions to catapult consumption.

Key Takeaways from Market Study

The offline segment held the highest market share of 86% in 2021 and is anticipated to dominate the market in the coming years.
The segment below USD 150 is estimated to rise at the highest CAGR of 5.3% over the forthcoming years.
In 2022, Asia Pacific had the biggest market share of more than 45.3%. The sheer volume of key players in the region.
Europe is expected to have the fastest growth rate of 3.5% during the forecast period.

“During the forecast period, a wide range of jewel pieces such as pendants, various earrings, bracelets, rings, and others will inspire a large number of customers to wear demi-fine jewellery in unique styles and desires,” says an analyst at Future Market Insights.

Key Market Players

Top players in the demi-fine jewellery industry are Missoma Limited, Edge of Ember, Catbird, Astley Clarke Limited, WWAKE, Inc., Loren Stewart, Monica Vinader Ltd., Natasha Schweitzer, Sarah & Sebastian Pty Ltd. The key companies in the demi-fine Jewellery market are expanding internationally to meet demand, and implementing designs through ongoing development is likely to accelerate the Demi-fine Jewellery market forecasts revenue growth.

Otiumberg Ltd. and Hunza G Ltd. collaborated in June 2022 to develop the finest gold hoops. The collection combines Hunza G’s signature crinkle with Otiumberg’s iconic hoop design to produce something unique. The collection combines Hunza G’s signature crinkle with Otiumberg’s iconic hoop design to form something unique.
Missoma Ltd. launched a new demi-fine jewellery line employing recycled gold and conflict-free diamonds in February 2021. The latest collection includes a variety of products with the brand’s distinct style that has been crafted from higher-quality materials for a more luxurious completion.

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Key Segments Profiled in the Demi-Fine Jewellery Market Industry Survey

Demi-fine Jewellery Market by Price Range:

Below 150 USD
151-300 USD
301-500 USD

Demi-fine Jewellery Market by Distribution Channel:

Online
Offline

Demi-fine Jewellery Market by Application:

Women
Men

Demi-fine Jewellery Market by Region:

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

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Hunting Equipment & Accessories Market -American Outdoor Brands Corp., Beretta Holding SA, BPS Direct LLC. Buck Knives

The global hunting equipment & accessories market is currently valued at US$ 23.21 Billion in 2023 and is anticipated to expand at a CAGR of 7.8%. Owing to the technological advances in hunting equipment the market is likely to propel to US$ 49.19 Billion by 2033.

The rising popularity of hunting activities is encouraging market sellers to enlarge their product portfolio and deliver diverse hunting accessories. These factors are projected to drive the growth of the global hunting supplies & equipment market during the forecast period.

Increasing consumer attraction toward outdoor recreational activities due to the growing need to de-stress and hectic work life. Furthermore, growing urbanization and rising health awareness have notably amplified consumer involvement in hunting activities.

Increasing preferences for hunting and fishing and the prevalence of lead-free ammunition to prevent the impact on wildlife and contamination of water are the major factor fostering the growth of the market.

North America represents a considerably high market share and increases with higher growth rate as the market is improving in the region due to the increased per-capita expenditure and interests in recreational hunting sports.

Find a comprehensive report summary that describes the market size and forecast along with the research methodology. Sample report is available in PDF format@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15910

Key Takeaways from the Market Study

As of 2023, the hunting equipment & accessories market was valued at US$23.21Billion
From 2023 to 2033, the industry is poised to grow at a 7.8% CAGR
By 2033, hunting equipment & accessories market is slated to reach a valuation of US$49.19Billion
By distribution channel, the specialty stores segment accounted for the largest share of 8.1% and is expected to continue this trend over the forecast period.
China is poised to yield a CAGR of 8.1% with respect to hunting equipment & accessories in 2033

“Growing per capita income and increased spending on recreational activity are expected to radically transform the hunting equipment & accessories market in the coming years,” comments an analyst at FMI.

Competitive Landscape

American Outdoor Brands Corp., Beretta Holding SA, BPS Direct LLC, . Buck Knives, Inc., Dick’s Sporting Goods, Inc., SPYPOINT, Under Armour, Inc., Spyderco, Inc., Sturm Ruger & Co. Inc., Vista Outdoor Inc. are some of the key players in the hunting equipment & accessories industry.

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In October 2022- Vista Outdoor Inc. has officially welcomed Ganka Inc., a leading distributor of high-quality outdoor clothing & accessories, as a new licensee partner. Ganka represents an extensive line of leading br&s, & this partnership is designed to provide essential apparel & footwear to hunters, hikers & outdoor enthusiasts.
In August 2022 – Sturm, Ruger & Company, Inc. introduce the lightweight, compact Ruger® LC Carbine™ chambered in 5.7x28mm. The compact nature of this carbine owes to its bolt-over-barrel design & feeding through the grip. The Ruger LC Carbine has a full 16.25″ barrel, features a reversible side-folding stock adjustable for length of pull, and is compatible with Picatinny rail-mounted accessory stocks. The stock & Rapid Deploy adjustable sights can be folded for storage.

More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the hunting equipment and accessories market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.

The study divulges essential insights on the Hunting Equipment & Accessories Market by Market by Product Type (Gun, Riffle, Archery, Ammunition, Auxiliary Equipment, Other) by Distribution Channel (Supermarket/Hypermarket, Speciality Stores, Online, Other) by End-User (Individual, Commercial) and by Region

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Tinted Cosmetics Market in the Face Cosmetics Category Holds over 42% Share of the Global Tinted Cosmetics Industry | FMI

The global tinted cosmetics market is estimated at US$ 1.5 Billion in 2022 and is projected to reach US$ 2.29 Billion by 2032, with overall sales accelerating at a CAGR of ~4.3% from 2022 to 2032.

Tinted cosmetics are lighter than other makeup and cosmetic products, and do not affect skin health, as they have simple pigments without any chemical compounds.

Tinted cosmetics are commonly used by people all over the world to cover up blemishes, uneven skin tone, and pores on the skin. These cosmetic products are gaining popularity, as they help in achieving a natural and makeup-free look.

The cosmetics industry was valued at more than US$ 380 billion in 2019, with more than 40% share held by face cosmetics. Cosmetics for facial use are very popular, as facial beauty is considered the most important factor.

Find a comprehensive report summary that describes the market size and forecast along with the research methodology. Sample report is available in PDF format@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15883

The lip and cheek tints and eye tints are the next popular tinted cosmetic products. Men and women both are commonly using these products, as they are based on skin complexion. Tinted products for men include moisturizers and serums, which provide additional benefits to the skin. Due to their vast uses, tinted cosmetics are popular among customers.

However, the market is restrained by presence of counterfeit products, regulations on use of chemical ingredients in several countries, and the competition among the top manufacturing brands.

Key Takeaways from the Tinted Cosmetics Market Study

Based on application, face cosmetics category account for around 42% share of the global tinted cosmetics market.
By nature of product, the natural segment is expected to grow at a higher pace during the projection period.
North America and Europe will continue to lead the global tinted cosmetics market during the forecast period.
The U.S. tinted cosmetics market is poised to grow at a significant pace over the assessment period.
Demand for tinted cosmetics is expected to rise at a moderate pace across South Korea between 2022 and 2032.

“Changing fashion trends and growing penetration of social media are expected to play a significant role in boosting the tinted cosmetics market during the next ten years. Besides this, development of multifunctional products with natural ingredients will bode well for the market,” says an FMI Analyst.

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Who is Winning?

Leading players operating in the tinted cosmetics Live Tinted, Nykaa, Ulta, Tint Cosmetics, e.l.f., Lab Series, Maybelline, Lakmé, Oriflame, Nivea, Bobbi Brown, BareMinerals, Kosas, and Rare Beauty among others.

Tinted Cosmetics Category Analysis Segments

By Product Type: