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As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Injection Molding Containers market is expected to grow at a healthy CAGR during the forecast period (2018-2028). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Injection Molding Containers in the coming 10 years.

The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.

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The Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Injection Molding Containers

With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.

In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.

Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Injection Molding Containers market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Injection Molding Containers Market Takeaways and Projections

• The U.S. is expected to lead the North America Injection Molding Containers market, projecting the fastest growth in the region between 2018 and 2028
• Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
• China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
• India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2028.

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Report Benefits & Key Questions Answered

• Injection Molding Containers Historical Market Analysis: The detailed survey by FMI, examines key factors in the Injection Molding Containers market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Injection Molding Containers market for the forecast period 2018-2028.
• Injection Molding Containers Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Injection Molding Containers for the assessment period. As per the study, the demand for Injection Molding Containers will grow at a robust CAGR between 2018 and 2028.
• Injection Molding Containers Market Trend Analysis: The latest study by FMI on the Injection Molding Containers market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.

Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Injection Molding Containers market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

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Segmentation

The injection molding containers market has been segmented as follows:

On the basis of container type, the injection molding container market has been segmented as:

• Glass
• Cans & Bottles
• Trays
• IBCs
• Drums
• Others

On the basis of material type, the injection molding container market has been segmented as:

• PE
• PP
• Polystyrene
• Others

On the basis of end use industry, the injection molding container market has been segmented as:

• Food
• Beverages
• Pharmaceuticals
• Personal care & Cosmetics
• Chemical & Petrochemicals
• Other Industrial Packaging

 About Future Market Insights, Inc.

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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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The market for rugged thermal cameras is projected to reach US$ 3.5 billion by 2030, growing at a strong CAGR of 8.4% between 2022 and 2030. In the aviation sector, thermal imaging is heavily used, particularly for military applications. Its radar applications span a variety of industries, including agriculture, the military, the automobile industry, and defect detection. The technique is being increasingly adopted by civilian surveillance applications as a result of a decrease in the cost of infrared (IR) imaging.

A thermal camera that can take thermal images and is made to survive challenging weather conditions is known as a robust thermal camera. These cameras are frequently employed in industrial, military, and outdoor applications due to their toughness and capacity to function in dim or no light.

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They are frequently used for building inspections, search and rescue operations, and surveillance since they are capable of detecting temperature variations. Some robust thermal cameras come with extra features as well, including GPS, wireless connectivity, and video recording capabilities.

Utilizing ascendant remote management software (ARMS), these robust thermal cameras can be operated remotely and in real-time via the internet from any device.

Key Takeaways of Rugged Thermal Camera Market Study

• North America is expected to hold a significant share in the global rugged thermal camera market over the forecast period.
• Cooled thermal cameras are likely to capture leading revenue share among all technology, as these cameras are widely used in extreme conditions worldwide.
• Security and surveillance are anticipated to remain key application area of rugged thermal cameras.
• Players in rugged thermal cameras continue to invest in the government sector over the decade.

Increasing Adoption of Rugged Thermal Cameras in Maritime Industry to Propel Sales

Rugged thermal cameras are highly effective in maritime environments, wherein they are used to detect objects that can damage a vessel and shipping lane traffic buoys. They monitor activities in port and detect approaching vessels without alerting them. Furthermore, rugged thermal cameras provide mariners with a professional multi-sensor marine thermal vision to see other vessels, people in the water, and navigational hazards.

Interested in More Valuable Insights on the Rugged Thermal Camera Market?

Future Market Insights offers an unbiased analysis of the global rugged thermal camera market, providing historical data for 2015-2021 and forecast statistics from 2022-2030. To understand opportunities in the rugged thermal camera market, the market is segmented based on technology, application, and end-user across seven major regions.

Key Companies Profiled

• FLIR Systems Inc.
• Leonardo S.p.A.
• Axis Communications AB
• Opgal
• Xenics
• BAE System Inc.
• L3 Technologies Inc.
• SKF
• Bosch Security Systems Inc.
• Thermoteknix Systems Ltd.
• Raytheon Technologies Corp.

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Key Segments of Rugged Thermal Camera Industry Survey

Rugged Thermal Camera Market By Technology :

• Cooled Thermal Cameras
• Uncooled Thermal Cameras

Rugged Thermal Camera Market By Application :

• Rugged Thermal Cameras for Security & Surveillance
• Rugged Thermal Cameras for Monitoring & Inspection
• Rugged Thermal Cameras for Detection & Measurement
• Others

Rugged Thermal Camera Market By End User :

• Rugged Thermal Cameras for Government Use
• Rugged Thermal Cameras for Industrial Use
• Rugged Thermal Cameras for Commercial Use
• Rugged Thermal Cameras for Residential Use

Rugged Thermal Camera Market By Region :

• North America Rugged Thermal Camera Market
• Latin America Rugged Thermal Camera Market
• Europe Rugged Thermal Camera Market
• East Asia Rugged Thermal Camera Market
• South Asia & Pacific Rugged Thermal Camera Market
• Middle East & Africa (MEA) Rugged Thermal Camera Market

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Innovation / Development Trends

3.3. Key Success Factors

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About Future Market Insights, Inc.
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 based on Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:
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

 

 

A study by Future Market Insights (FMI) predicts that the global market for smart agriculture solutions will grow at a CAGR of 10.3% during the forecasted time. The market for smart agriculture solutions is anticipated to reach a value of more than US$ 13.2 billion by the end of 2031.

The adoption of advanced technology, such as artificial intelligence in drones, will fuel market expansion by increasing agricultural production.

An important factor influencing demand for cutting-edge agricultural technologies, such as sensor-based variable rate technology, is the growth of the agriculture sectors in China, Australia, and India.

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Global demand for smart agriculture solutions increased at a CAGR of 5.7% from 2016 to 2020. Thanks to the adoption of precision farming and agriculture 5.0 technology, sales of smart agriculture solutions increased by 4.6 percent in 2021.

As precision farming and smart greenhouses gain in popularity, there will be a greater demand for sensor-based and map-based solutions. According to FMI, the global market for smart agricultural solutions would grow by 6.8% annually in 2021.

FMI’s Smart Agriculture Solution Market Study Highlights

• The variable rate technology category is expected to grow at the fastest rate through 2021 and beyond.
• The hardware category, which accounts for about half of the market share, is predicted to expand the quickest.
• Through 2031, the drones sector will account for a significant portion of the worldwide market.
• During the projected period, the sensor monitoring system segment is predicted to increase significantly.
• Through 2031, India is predicted to be one of the most attractive markets for smart agricultural solutions.
• Latin America’s smart agricultural solution market is predicted to develop at a CAGR of 12.3% during the forecast period, with Brazil leading the way.

Competitive Landscape

As per the study, key players operating in the smart agriculture solution market are investing in developing modern and smart agriculture products such as smart aerial drones to gain competitive edge.

Some of the players are focusing on introducing new products and forming strategic partnerships with local agricultural product providers to expand their consumer base. For Ex:

• Dirt Road Data Inc.
• Iteris Inc.
• CropMetrics LLC
• Agribotix LLC
• AgriSight Inc.
• SemiosBio Technologies Inc.
• Granular Inc.
• Trimble Navigation Ltd.
• Site-Specific Technology Development Group Inc.

Why is the Demand for Smart Agriculture Solution Hardware Increasing?

As per the study, the hardware sub-segment of the component segment in smart agriculture solution market is expected to account for more than 50% of global market share. Increasing adoption of drones in agricultural activities to improve the crop productivity is the major factor driving the growth in the segment.

Also, integration of smartphones and adoption of artificial intelligence in sensor monitoring system and GPS enabled ranging system to monitor and manage the farm in precision farming will boost growth in the segment.

Due to the surging demand for automation in precision farming, smart agriculture solution providers are introducing new products such as drones with GPS and aerial-climate detection to expand their customer base.

For instance, in November 2021, XAG, leading agriculture robotics and AI-powered smart agriculture solution provider, launched its V40 and P40 Agricultural Autonomous Drone, that can conduct mapping, spraying, and broadcast on farm, supporting farmers’ transition to climate smart practices and reducing carbon footprints.

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Smart Agriculture Solution Market by Category

Component Type:

• Hardware
• Sensor Monitoring System
• Smart Detection System
• GPS Enabled Ranging System
• Drones
• Software
• Services
• Climate Information Service
• Supply Chain Management Service
• Others (System Integration, Maintenance and Consulting Service)

Application:

• Automated Machinery Guidance Control
• Tractor Collision and Obstacle Detection
• Machinery Safety and Parameter Monitoring
• Variable Rate Technology
• Building and Premises Surveillance

Region

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

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About Future Market Insights, Inc.
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 Us:
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

 

 

 

A complete analysis of the global market for neuromorphic chips is provided in a recent market research report by Future Market Insights. The title of the paper is “Neuromorphic Chip Market: Global Industry Analysis and Opportunity Assessment, 2016-2026.” The market, which was valued at US$1,420 million in 2015, is predicted to grow at a promising CAGR of 20.7% from 2016 to 2026, reaching a revenue opportunity of US$10,810 million by the end of that year.

The promise of a major gain in processing speed, operational prowess, and greater appropriateness for artificial intelligence applications is accelerating the development of neuromorphic processors. The tremendous expansion of these chips’ potential uses in fields including automotive, defense and military, aerospace, and machine learning is the key factor expected to drive the global neuromorphic chip market in the next few years.

The North American market is anticipated to become the most lucrative throughout the report’s forecast period in terms of incremental potential among the various regional markets examined. Growth prospects are abundant in the area because of the booming consumer electronics, aerospace, and automotive sectors. Additionally, the area is home to some of the top chipmakers and tech firms in the world, making it the center for technological advancements in the field of neuromorphic chips.

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The report states that the North America neuromorphic chip market will exhibit a promising 19.7% CAGR over the report’s forecast period, representing an incremental opportunity of US$2,300 mn from 2016 to 2026. If the numbers hold true, the market will rise from a valuation of US$400 mn in 2015 to US$2,700 mn by the end of 2026. Several industries in the region are promoting the convergence of advanced, new technologies such as neuromorphic chips with existing technologies to improve productivity and efficiency of operations.

One of the most innovative usages of neuromorphic chips is being witnessed in the field of unmanned drones. Neuromorphic chips in drones are being tested for their ability in enabling drones to recognize any defined space visited earlier by storing and processing signal patterns emerging from the surroundings of that space.

In terms of application, the report segments the global neuromorphic chip market into image recognition, data mining, and signal recognition. The key end-use industries of neuromorphic chips examined in the report are aerospace and defense, automotive, healthcare, consumer electronics, and industrial.

Demand is expected to be promising across all these end-use sectors in the next few years, with the automotive and defense, and aerospace sectors expected to remain at the forefront in terms of the adoption of neuromorphic chips in the next few years. In the automotive industry, neuromorphic chips, in conjunction with technologies such as signal processing, could help drivers in understanding their immediate surroundings better thus helping them take better decisions.

Other industries are also increasingly representing growth opportunities for neuromorphic chips and are expected to help the market expand at a promising pace over the report’s forecast period. The vendor landscape has started becoming crowded and companies, to strengthen their hold on the market and make the most of available opportunities, have started focusing on strategic collaborations. Some of the leading companies presently operating in the market are IBM Corporation, Hewlett Packard Labs, HRL Laboratories, LLC, General Vision, and Intel Corporation.

Leading market players are planning to dominate the global and regional markets through new strategic tie-ups and innovations

• IBM was awarded 7,355 patents in the US in 2015, putting it in the leading position for the 23rd consecutive year
• Intel Corporation invested US$ 12.1 Bn in R&D in 2015. Such high R&D investments allow the company to develop leading proprietary technologies and attain a strong leadership position.
• In September 2016, General Vision collaborated with Mando-Hella Electronics Corp. – a tier1 South Korean automotive systems manufacturer, to develop advanced driver assistance and monitoring systems integrated with NeuroMem technology, enabling advanced image recognition and multisensory pattern recognition
• Hewlett Packard Labs focuses on transferring advanced technologies into innovative products to propel the company’s growth, maintain industry leadership and competitive advantage
• HRL Laboratories focuses on widening its products portfolio reach into new application areas, which helps the company gain a competitive edge

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Global Neuromorphic Chip Market: Market Segmentation

By Application

• Image Recognition
• Signal Recognition
• Data Mining
• Others

By Vertical

• Aerospace & Defence
• Automotive
• Consumer Electronics
• Healthcare
• Industrial
• Others

By Region

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

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About Future Market Insights, Inc.
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 based on Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:
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

 

 

 

 

 

The managed file transfer (MFT) market will surpass US$ 2 billion in 2023, according a study by Future Market Insights (FMI), because to rising adoption in the BFSI and IT & Telecom sectors. A type of software called managed file transfer makes it easy to transmit files both within and across businesses.

This approach is regarded as a transparent data exchange approach with extra features like tracking and monitoring. It is quick, safe, and trustworthy. Users can make use of the technology to detect data loss going back a specific amount of time and to be informed when a file transfer is successful.

Businesses are depending more and more on the successful transfer of digital files containing vital information as a result of digitization. They therefore require safe, dependable, and swift transmissions to maintain the efficiency of the real-time business process. As a result, there has been a surge in recent years in the demand for efficient and effective file transfer.

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The global managed file transfer (MFT) market is anticipated to grow at a consistent CAGR of roughly 10.1% over the projected period (2023-2033), according to Future Market Insights’ (FMI’s) updated study. As long as the BFSI sector continues to demonstrate a high demand for cost-effective file transfer solutions, it will become a crucial end user.

Key Takeaways from Market Study

• Rising demand for seamless file transfer between or within organizations will enable growth in the managed file transfer market at a 10.1% CAGR between 2023 and 2033
• The market in the U.S. is projected to expand at a CAGR of 10.1% through 2031, emerging dominant in North America
• Germany will emerge as a key market for MFT, accounting for over one-fourth of demand registered in Europe
• China and Japan will emerge as key markets within East Asia. While China is expected to account for a higher share, Japan will exhibit growth at a higher pace
• Rapid digitization will enable double-digit growth in India, pushing the expansion of the market in South Asia​

Impact of COVID-19 on Managed File Transfer Market

The COVID-19 epidemic has wreaked havoc on a number of businesses, including controlled file transmission. Many business and government organisations have made the switch to remote working, resulting in an increase in demand for controlled file transfer solutions.

The managed file transfer industry is expected to rise by 1.6X from 2019 to 2020, with a spike in demand due to the COVID-19 epidemic and the shift to a remote workforce. The change to remote working has resulted in a surge in demand for secure managed file transfer (MFT), managed file transfer cloud services, and remote management of secure file transfers for critical projects.

Automation in Enterprise Workflow Management Driving Market

Enterprises across various industry verticals are increasingly focusing on deploying managed file transfer software for creating automating enterprise workflow management. The application of managed file transfer solutions includes the generation of event-driven automation for performing specified tasks, which are generated on the enterprise domain, users, group level, or server level.

Enterprises are also using managed file transfer for automating different tasks such as assigning the expiration dates to files, scheduling file transfers, and other functions for deleting files, transferring and storing files, initiating event-driven actions, and sending notifications based on defined activities.

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Market Segmentation by Category

Solution

• Software
• System-centric File Transfer
• People-centric File Transfer
• Extreme File Transfer
• Services
• Implementation & Integration
• Consulting
• Support & Maintenance

Industry

• BFSI
•  Media & Entertainment
•  Retail
•  Manufacturing
•  Telecommunication
•  Others

Region

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

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About Future Market Insights, Inc.
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 Us:
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

 

 

 

By the end of 2022, the global FIBC market is projected to be worth more than US$ 7.1 billion, growing at a CAGR of 5.3% from 2022 to 2032. The global FIBC market is anticipated to account for 1/3 of the US$22 billion global IBC industry in 2022.

FIBCs were rugged sheets made up of heavy-duty PVC coated polyester or nylon are combined together to get the shape of containers and lifted using pallets. With increasing demand for low space consuming flexible packaging, these FIBCs paved the way for woven polypropylene bulk bags.

Although FIBCs are primarily used to ship hazardous chemicals only, owing to constant innovations in the structural and design features. According to Future Market Insights, the FIBCs are extensively used in mining, building and construction, food, and agriculture industries.

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FIBCs not only offer bulk quantity packaging but also protect and guarantees the shelf life of the products. FIBCs with modified atmospheric packaging (MAP) technology prevents product decay by replacing oxygen with nitrogen in the packaging.

Recently, the use of such containers in the food industry has increased exponentially due to the ability to provide greater protection to the products’ shelf lives. Besides this, consumers are more inclined towards hygiene and cleanroom packaging formats.

Hence, key players and end users are taking extra care to safeguard product from contamination. The UV-protected bags and the FIBCs made up of 100% virgin polypropylene fabric are the best suitable options for the outdoor applications and cleanroom packaging helps to eliminate chances of contamination.

As FIBCs are used to transport hazardous materials, the risk of fire is more during transportation especially in the high temperature regions. Hence, chemical industries transporting explosive materials have high demand for fire retardant bulk bags. The FIBCs produce with PP fabric and fire retarding chemicals ensures optimum fire safety and therefore such FIBCs are in huge demand in the past three years.

A list of Key Players Covered in the FIBC Market are:

• Grief
• Berry Global Group
• Intertape Polymer Group.
• Conitex Sonoco
• LC Packaging International BV
• RDA Bulk Packaging Ltd.
• Conrop
• s.r.o.
• MANICARDI® srl
• J&HM Dickson Ltd.
• DS SMITH plc
• Sokuflex Behälter GmbH
• Bulk Containers Europe BV.

Key Takeaways from Global FIBC Market

• FIBC with a carrying capacity above 750 kgs is expected to hold major pie of 55% value share.
• Q bags with baffles are estimated to increase 1.7x of the current market value, by next decade.
• In terms of end use, chemicals & fertilizers segment is estimated to dominate the FIBC industry, registering CAGR of 5.8% in the global market.
• During the projected period, the U.S. FIBC market is expected to rise significantly.
• During the forecast period, the Indian FIBC market is expected to grow at a CAGR of 6.8% until 2032.

“Integration of smart technologies in the FIBCs is setting new sales benchmarks in the global market. MAP, UV resistant, fire-resistant, and data retrieval technologies based FIBCs are creating boom in the market. To capitalize on this trend, manufacturers are targeting e-commerce and food industries.” – Says FMI Analyst

Growth Drivers & Challenges of Global FIBC Market

One of the primary factors driving the growth is rapid industrialization around the world. FIBCs are rapidly being used by chemical and agriculture product makers to transport grains, rice, potatoes, cereals, and liquid chemicals.

Construction supplies such as carbon black, steel, alloys, minerals, cement, and sand are also stored and transported in these bags. Furthermore, rising environmental concerns, as well as increased demand for lightweight, biodegradable, bulk packaging materials for pharmaceutical products is driving market expansion.

Pharma-grade FIBC is used to store and prevent contamination of a variety of medical items. Product advancements, such as the development of FIBC variations as hygiene packaging solutions, are contributing to this rise.

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Global FIBC Market by Category

By Packaging Type:

• Q-bags
• Baffle Bags
• Circular Bags
• 6-panel
• Others

By Capacity:

• Upto 250 Kg
• 250 kgs – 750 Kgs
• Above 750 Kgs

By End User:

• Building & Construction
• Chemicals & Fertilizers
• Food Products & Agriculture
• Pharmaceuticals Products
• Mining

Flexible intermediate bulk containers (FIBCs) are also known as bulk bags, jumbo bags, and big bags. These are made of flexible woven material typically polypropylene (PP) and possess the capacity to hold 500 kg to 2,000 kg of weight. They are commonly used to store dry and flowable products such as grains, seeds, salts, chemicals, sands, clays, cement, and others. FIBC majorly finds application in various end-use industries including food, chemical, pharmaceutical, building & construction, mining, and others.

Countries in North America and Europe are the largest consumers of FIBC. Key product manufacturing countries are China, Turkey, and India. The global market players for flexible intermediate bulk containers majorly compete on the basis of price per unit. Therefore, in order to lower the cost of production, manufacturing companies and distributors of North America and Europe largely outsource manufacturing activities from the aforementioned countries.

The demand for flexible intermediate bulk containers in developed countries including the U.S., Japan, Germany, France, and others, is mainly driven by rising pharmaceutical industry owing to increasing aging population.

About Future Market Insights, Inc.

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
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

In the year 2023, it is predicted that the overall size of the worldwide pet care packaging market will be close to US$10.6 billion. The analytical report projects that between 2023 and 2033, sales of pet care packaging market will grow at a respectable CAGR of 4%.

By the year 2033, it’s anticipated that pet care packaging would generate global sales of $15.7 billion. The main factor influencing the assurance of growth prospects is the strength, lightness, affordability, and adaptability of pet care packaging options, notably those made of plastic.

A rapidly seeping trend of nuclearization of families is compelling individuals to seek companionship from other living beings. Consequently, pet humanization is picking up major pace, thus heightening expenditure on pet care products such as pet foods, healthcare products, cosmetics and nutraceuticals.

Key Takeaways from FMI’s Pet Care Packaging Market Study

• Heightening pet food demand to accelerate pet care packaging market prospects
• Metal materials to continue holding major sway, paper & paperboard acquiring high momentum
• Bags & pouches likely to acquire surging popularity, driven by high demand for flexible packaging solutions
• Cat food packaging to emerge as the fastest growing segment, dog food to reign supreme
• Asia-Pacific to generate maximum growth potential, pivoted by rising pet ownership across countries such as India, China and Japan

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“Prominent vendors are incorporating eco-friendly packaging solutions, in tandem with growing environmental consciousness by end-users and customers,” remarks the FMI analyst.

COVID-19 Impact Insights

As the COVID-19 pandemic tightens its noose around the global economy, a worldwide recession is on the cards. With various industries experiencing production crunches due to lockdowns, revenue and profit margins have taken a turn for the worse in the past few months.

With respect to the pet care packaging market, this deceleration is expected to be moderate across the short-term forecast period. In spite of the imposed shutdowns, demand for pet care products has remained afloat as pet owners are highly concerned about maintaining good pet health.

Consequently, online sales of various pet care products has compounded, prompting pet care product vendors to capitalize on this new trend to extensively market and sell their merchandise. Minor production crunches experienced in the initial months of the pandemic due to logistical constraints are already eroding, restoring the market projections.

Competitive Landscape

The global pet care packaging market is characterized by the presence of numerous regional and international market players. This has rendered the landscape highly competitive in nature.

Some prominent vendors analyzed in this report are Amcor Ltd., AptarGroup Inc., Ardagh Group S.A, Bemis Company Inc., Coveris Holdings S.A, Crown Holdings Inc. and Constantia Flexibles Group GmbH among others.

A multitude of market strategies are being deployed by the aforementioned vendors in order to survive the cut-throat competition levels across potential regions. Strategies such as product innovations, mergers & acquisitions, portfolio expansion and accelerating R&D are proving highly effective in deepening the players’ regional and global footprints.

In addition, prominent players are also leveraging online marketing platforms due to the surging popularity of e-commerce. A majority of pet owners prefer to purchase merchandise within the comfort of their homes through prominent digital marketing platforms.

More Valuable Insights on the Pet Care Packaging Market

Future Market Insights, in its new report, offers an unbiased analysis of the global pet care packaging market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the hermetic packaging market on the basis of material type (plastic, paper & paperboard, metal and other packaging material), packaging type (cans, bags & pouches, folding cartons, tubes, blister packs, plastic bottles & jars and others), application (dry food, wet food, pet treat and frozen) and end use (cats, dogs, birds and others) across seven regions.

Key Segments

Material Type

• Plastic
• Paper & Paperboard
• Metal
• Other Packaging Material

Packaging Type

• Cans
• Bags & Pouches
• Folding Cartons
• Tubes
• Blister Packs
• Plastic Bottles & Jars
• Others (Tubes, Cups, etc.)

Application

• Dry Food
• Wet Food
• Pet Treat
• Frozen

End Use

• Cats
• Dogs
• Birds
• Others

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Region

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

Key Questions Answered in the Report

• What is the pet care packaging market size?
• How will COVID-19 impact demand for pet care packaging?
• Which is the most widely used material for pet care packaging?
• Which pet care packaging is most used?
• Which is the largest market for pet care packaging?
• Who are the leading players in pet care packaging?

About Future Market Insights, Inc.

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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In the wooden cutlery market, direct sales and E-retail segments are collectively generating revenue of US$ 138 Mn in 2022, according to the annual market analysis conducted by Future Market Insights.

Demand for food service outlets is expected to reach US$ 107 Mn in 2022, according to the latest Future Market Insights (FMI) study. The market value is expected to reach US$ 245 Mn by 2029, exhibiting growth at CAGR of 4.8% for 2022-2029.

According to the most recent Future Market Insights (FMI) analysis, demand for food service outlets will reach US$ 107 Mn in 2022. By 2029, the market is anticipated to have grown at a CAGR of 4.8 percent, reaching US$ 245 Mn.

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How the Growth of Home Delivery and Online Food Service will Propel the Wooden Cutlery Market?

Consumer preference for takeaway or ready-to-eat food is increasing owing to changing lifestyles, growing disposable income, and rapid urbanization, especially in emerging economies.

Moreover, corporate work culture leading to out-of-home food habits is also strengthening the demand for foodservice disposables with single-use cutleries. Furthermore, consumer preference towards cost-effective and convenient food service is the major factor driving the growth of the disposable cutleries market.

Historic and Forecast Market Outlook for Wooden Cutlery

The global wooden cutlery market is estimated to witness significant rise during the forecasted period as online food delivery is showing a positive outlook and is expected to create an excellent opportunity for wooden cutlery manufacturers due to its low-cost and eco-friendly nature.

The wooden cutlery market is projected to rise at 3.9% CAGR during the forecast period in comparison to the 4.8% CAGR during historical period.

Wooden cutleries are popular among end users and buyers of disposable cutleries for the retail market segment. Communities and clubs regularly organize get-togethers and meetings to enhance socialization value among individuals in their organizations

Competitive Landscape

The key manufacturers operating in wooden cutlery market are focusing on increasing their production capacity to meet the increasing demand for wooden cutlery. Moreover, the key players are increasing their product portfolio to cater for the growing wooden cutlery market.

• In April 2021, a company named Swaas has launched biodegradable bamboo cutlery for their retail segment for being eco-friendly and sustainable.
• In October 2021, McDonald’s Canada franchise replaced plastic cutlery with wooden and paper cutlery.
• In May 2020, a company known as BALIISM, has launched bamboo cutlery set to reduce the amount of disposable cutlery garbage.

Key Companies Profiled

• Huhtamaki Group Oyj
• Eco-gecko Products Inc.
• Dinearth Eco Friendly Tableware
• Greenwood (Dalian) Industrial Co., Ltd.
• Bambu LLC
• Eco-gecko Products Inc.
• Vegware Ltd.
• Biotrem
• Bio Futura B.V.

Wooden Cutlery Market by Category

By Product:

• Spoon
• Fork
• Knife

By End:

• Food Service Outlets
  • Hotels
  • Restaurants & Cafes
  • QSR
• Institutional
  • Cinemas
  • Catering
  • School & Offices
  • Hospitals
• Household Use

By Sales:

• Direct Sales
• Distributors
• Retailers
  • Hypermarkets
  • Supermarkets
  • Convenience Stores
  • Specialty Store
  • Discount Stores
• E-retail

By Region:

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

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Key Questions Answered in the Report:

(1) What are the growth opportunities for the new entrants in the Global Wooden Cutlery industry?

(2) Who are the leading players functioning in the Global Wooden Cutlery marketplace?

(3) What are the key strategies participants are likely to adopt to increase their share in the Global Wooden Cutlery industry?

(4) What is the competitive situation in the Global Wooden Cutlery market?

(5) What are the emerging trends that may influence the Global Wooden Cutlery market growth?

(6) Which product type segment will exhibit high CAGR in future?

(7) Which application segment will grab a handsome share in the Global Wooden Cutlery industry?

(8) Which region is lucrative for the manufacturers?

About Future Market Insights, Inc.

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
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

The market for insulated coolers is estimated to be worth USD 699 million in 2022 and is expected to grow to USD 1,094 million by 2029, at a compound annual growth rate (CAGR) of 6.6%. In 2022, the global market for insulated coolers will account for about 3.5% of the $22 billion cold chain packaging industry.

According to the FMI analysis, the market for insulated coolers would grow by 1.6 times its value from the base year throughout the projection period, creating lucrative investment prospects for the industry. The insulated coolers market analysis reveals that between 2022 and 2023, there will be a 5.0% YoY growth in the global consumption of insulated coolers.

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Increasing proclivity for luxury products continues to translate into inflating sales within the premium category, which would be a continuing trend in insulated coolers market. However, a new Future Market Insights (FMI) study suggests that this would reflect a measurable cost difference shaping the market over the following players.

Key Takeaways – Insulated Coolers Market Study

• Increasing preference for outdoor and sports activities such as camping, fishing, and hiking are expected boost demand for insulated coolers in the U.S.
• Hard coolers remain the most preferred insulated coolers, attributable to better durability and high ice retention ability as compared to soft coolers.
• Globally, 26-75 quart insulated coolers are estimated to be high selling among all insulated coolers in terms of capacity in 2019. Customers opt for 26-75 quart insulated coolers, as result of easy outdoor handling and conveying and adequate storage capacity.

Manufacturers can gain significant profits by focusing on hard insulated coolers with side handles, as consumers seek durability and ease in carrying while purchasing insulated coolers.

Acquisitions to Remain Key Developmental Strategy

The insulated coolers market is undergoing product development and expansion. Key players aim to introduce new designs of insulated coolers in the market in response to changing consumer preferences. Additionally, big companies offering insulated coolers are focusing on opening retail stores to expand their customer base.

• In June 2022, Yeti Holdings Inc. opened a 5,000-square-foot retail location in Charleston, S.C., U.S. In September 2019, it opened a 4,900 square-foot store in Chicago, U.S.
• In April 2022, Igloo Products Corporation launched RECOOLER, a pulp-based biodegradable cooler, as an alternative to Styrofoam coolers.

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US Brands Become Trendsetters, with Online Sales Strategy

The U.S., home of high-end insulated cooler manufacturers, is estimated to dominate in terms of demand. Moreover, U.S.-based manufacturers will be the trend setters with regard to insulated cooler design. Leading companies in the insulated coolers market are investing in online stores and supply chain development, and are leveraging E-commerce and social media to shape buying patterns of their potential customers.

About Insulated Coolers Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global insulated coolers market, analysing historical demand from 2014-2021 and forecast statistics for 2022-2029. The study unravels growth projections of the insulated coolers market on the basis of capacity (below 25 quart, 26-75 quart, 76-150 quart and, above 150 quart), product type (hard coolers and soft coolers), and carrying method (side handles, lid handle, shoulder strap, wheel) across seven major regions.

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Insulated Coolers Market by Category

By Capacity:

• Upto 25 Quart
• 26-75 Quart
• 76-150 Quart
• Above 150 Quart

By Product type:

• Hard Coolers
• Soft Coolers

By Carrying capacity:

• Side Handles
• Lid Handle
• Shoulder Strap
• Wheel

About Future Market Insights, Inc.

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
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports