Acrylic Boxes Market Outlook on Rising Application, Revolutionary Trends & Potential Growth Ways 2032

Acrylic Boxes Market

The market for acrylic boxes is projected to reach US$ 224.8 million in 2022 and rise at a CAGR of 4.7% to US$ 355.8 million between 2022 and 2032. Growth is linked to the retail industry’s rising need for acrylic boxes. Numerous regional and unorganised players are anticipated to aid in the expansion of the acrylic display boxes market during the period of the forecast.

A unique variety of rigid packaging boxes made of acrylic are known as acrylic boxes. These boxes can have translucent bodies created. They are more appealing than other packaging boxes due to their transparent and lightweight characteristics. These are used for display in places like jewellery stores, lodging facilities, museums, beauty salons, and fish tanks in aquariums, among others.

Acrylic is a clear plastic with transparent polymers, has medium strength and low scratching usually can be removed. In today’s competitive market, some areas of store are vital to achieving sales objectives. That’s why acrylic boxes display provides the solution to successfully highlighting specific brands in strategic locations within the store.

For instance, if someone have a need to increase sales in the Health and Beauty section, adding an acrylic boxes display can increase focus where the shop owner want that focus to be. The number of retail stores, super markets, hotels, restaurants and bakeries are growing in fast phase. This factor influences the demand for acrylic boxes. Acrylic boxes are thermo plastics which can be melted down and reused.

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In the packaging industry boxes are extensively used. These are made of paper, plastic, glass, wood, metal and others. These boxes come in wide variety of colors, shapes and designs. Usage of these boxes range from packaging a bundle of books or readymade cloths to jewelry piece in a display box.

Acrylic boxes are a special type of rigid packaging boxes made up of acrylic. These boxes can be produced with transparent body. Transparent and lightweight features makes them more attractive over other packaging boxes. These are used in displaying e.g. in jewelry shops, hotels, museums, cosmetic shops, aquarium fishing tanks, etc.

Acrylic is a clear plastic with transparent polymers. The composition is pretty much the same for acrylic materials. Acrylic has many brand names. Plexiglas is the first trademark name introduced by the Rohm and Haas Company. Other established brands include Lucite by du Pont, Acrylite by Evonik Cyro LLC., Perspex, Oroglass, Optix, and Altuglass.

Making the products more visible and attractive for a consumer plays a vital role in increasing the sales. This also helps in displaying the variety of available products or product mix in the store. Consumer brand awareness can also be achieved. Acrylic boxes comes with lockers so precious things can be protected from damaging or theft.

These boxes can be used to collect donations at counters of any store, restaurant, offices etc. These are used as aquarium or fishing tanks. These boxes can also be used in home or bathroom accessories to aggregate things at one place. Acrylic boxes are light weight so easy to transport or handle. This factor helps in optimizing the logistics and warehousing for these boxes.

Growing environment safety regulations are a threat for growth of acrylic boxes packaging market. Fluctuating or volatile commodity market prices pose a challenge for manufacturers in procurement of raw materials. Substituent products and new entrants in acrylic boxes packaging market requires high investment in R&D and innovation by manufacturers.

Acrylic Boxes: Market Segmentation

The acrylic boxes packaging market is segmented into food & beverages, pharmaceuticals, homecare, personal care, cosmetics and others. On the basis of packaging design technology, the global acrylic boxes market is segmented into premium and non-premium acrylic boxes.

Premium acrylic boxes comes with inbuilt LED lighting, spinning and other features. These are used for packaging of precious and delicate products like jewelry items. Non premium acrylic boxes are used for storage or display of pharmaceuticals, cosmetics, food and beverages.

On the basis of material acrylic boxes are segmented into Injection molded acrylic and Hand-crafted acrylic. Injection molded acrylic can be manufactured with less labor and lower cost. Hand-crafted acrylic is used to make quality displays, which is more time consuming and therefore costs a little more.

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Acrylic Boxes Market: Regional outlook

Acrylic boxes market has been segmented on the basis of region into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan.  North America, Eastern and Western Europe collectively represents higher demand for acrylic boxes.

The reason for this is the large number of retail stores and super markets. The increased per capita disposable income and tough completion in market stimulates the demand growth of acrylic boxes in these regions.

Changing lifestyle, increased per capita income and consumption power in APEJ and Latin America is driving the demand for Acrylic Boxes. Manufacturers are exploring innovative options to make the acrylic boxes look more reliable and attractive, which positively impact the sales of acrylic boxes.

Acrylic Boxes Market: Key players

Some of the players in the global acrylic boxes packaging market are Fuzhou Innovation Products Co.Ltd., JianMeiLai Display Produces Co., Dalco H.J. Co., Ltd., Dongguan Fuguanda Acrylic Crafts Factory, Dongguan Yuefeng Display Product Co., Ltd., Shenzhen Hoteam Art & Crafts Co.Ltd., Dime Acrylics, Burhani Enterprises, Ningbo Tachygem Acrylic Industry Co., Ltd., Jinhua Weihai Plexiglass Product Co., Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.

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The report covers exhaust analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

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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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Plastic Shrink Wrap Market is projected to exhibit growth at a CAGR of 4.1% by 2032 with valuation of US$ 4.5 Billion

Plastic Shrink Wrap Market

As per FMI, the global plastic shrink wrap market is projected to exhibit growth at a CAGR of 4.1% and reach a valuation of US$ 4.5 Bn by 2032. In 2022, the market is anticipated to reach US$ 3 Bn.

Plastic shrink wrap is generally made of polymer plastic film. In this type of packaging, plastic is shaped as per the shape or size of the product or container. It must be heated to 300 F to be properly applied.

Exposure to moisture or water is reduced by using this method, resulting in fewer chances of damage to the product. It forms a tamper-proof seal to protect the product from dust, pests, insects, or other contaminants. Shrink plastic wrap is majorly used for combining small products, wrapping food & boxes, and packing them to increase their durability.

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The material used in plastic shrink wrap is generally polyvinyl chloride (PVC), polyethylene terephthalate glycol (PETG), oriented polystyrene (OPS), and several other compositions. PVC is the most preferred and commonly used shrink wrap material for retail sales due to its multi-purpose capabilities and lightweight nature.

Polyvinyl chloride is a combination of three elements, namely, hydrogen, carbon, and chlorine. Shrink wraps are experiencing high demand in the food and beverage industry as they are primarily used to preserve food and beverages during shipping. They also help to maintain the temperature of a food product to extend its shelf life.

Key Takeaways: Plastic Shrink Wrap Market

  • By material, the polyethylene terephthalate glycol (PETG) segment is expected to hold 68.1% of the shrink wrap market share in 2032.
  • By application, the shrink sleeves segment is set to generate about 40% of the global market share in 2032.
  • The U.S. plastic shrink wrap market is expected to be valued at US$ 512 Mn by the end of 2032.
  • The India plastic shrink wrap market is projected to reach a valuation of US$ 214.3 Mn by 2032.
  • The global plastic shrink wrap market exhibited growth at a CAGR of 3.1% over the historical period of 2015 to 2021.

“Plastic shrink wraps are expected to gain traction in the next decade due to surging consumer preference for packaged foods. Premium polyolefin shrink wraps are set to replace PVC shrink wraps due to their ability to provide robust food safety, sustainability, and high tensile strength,” comments a FMI analyst.

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High Flexibility and Durability of Plastic Shrink Wraps to Aid Growth

Plastic shrink wrap is highly flexible and due to this factor, packaging can be easily modified and can retain any shape or size. Flexible plastic wrap can also help in developing a tamper-proof package.

As shrink wrap is highly durable, it is difficult to tear and does not become brittle when it comes in contact with sunlight. Apart from durability and resistance to tearing, flexible wraps can increase the shelf-life of the product. Owing to its characteristics of flexibility, durability, and high tear resistance, several manufacturers are opting for this type of packaging, which is set to drive the global market.

Demand for Plastic Shrink Wraps to Surge in the Food Manufacturing Industry

Due to changing lifestyles and rising consumer preference for packaged food items, demand for plastic shrink wraps is increasing across the globe. Plastic shrink wrap acts as a protective barrier, increases the versatility of labeling, is cost-effective, and is intended to increase the shelf life of products. Plastic shrink wrap is a regular choice of food manufacturing companies as it helps in preserving various food and beverages, as well as extending their shelf life.

Competitive Landscape: Plastic Shrink Wrap Market

Some of the key players present in the global plastic shrink wraps market are Amcor plc, International Plastics Inc., Intertape Polymer Group Inc., J K Polyfilm, Coveris Holdings sa, Ceisa Semo, Clondalkin Group, RKW Group, Berry Global Inc., Plastotecnica SpA, Clearpack group, Baroda Packaging, Brentwood Plastic, Inc., Aintree Plastics Limited, Elite Plastics Ltd., Xinjiang Rival Tech Co. Ltd., and Poly-Pack Verpackungs-GmbH & Co. KG.

Get More Exclusive Insights on Plastic Shrink Wrap Market

Future Market Insights, in its new report, offers an unbiased analysis of the global plastic shrink wrap market by material (polyvinyl chloride (PVC), polyethylene terephthalate glycol (PETG), and oriented polystyrene (OPS)) and application (neck banding, shrink sleeves, shrink bundling, wrapping, and others) across seven regions.

Global Plastic Shrink Wrap Market Outlook by Category

By Material:

  • Polyvinyl Chloride (PVC)
  • Polyethylene Terephthalate Glycol (PETG)
  • Oriented Polystyrene (OPS)

By Application:

  • Neck Banding
  • Shrink Sleeves
  • Shrink Bundling
  • Wrapping
  • Others

By Region:

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

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Table of Content

  1. Executive Summary

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

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

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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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Trolley Bags Market is projected to Grow CAGR of 5.7% by 2032 with value of US$ 31,245.8 Million

Trolley Bags Market

The market for trolley bags is anticipated to grow at a negative 5.7% CAGR over the course of the forecast period and reach US$ 31,245.8 Mn in value by 2032. The market is now valued at US$17,893.3 Mn in 2022.

As more people use trolleys to carry their luggage during travel, there has been a significant increase in purchases of trolley bags. However, the COVID-19 pandemic reduced the number of foreign tourists arriving, and in 2020, the number fell significantly. As a result, trolley bag sales drastically decreased, negatively affecting the expansion of the global market.

On the other hand, technological advancements are bringing about novelties like the creation of smart luggage with a GPS system tracker. This is probably going to speed up the market’s general expansion and present chances for market participants.

Trolley Bags Market Overview

Trolley bags are especially designed for the people, those who are fighting with limited strength, dexterity, stamina, or eyesight. Thereby, trolley bags are designed for easy carrying the luggage during travelling as well as these are more comfortable compared to regular travelling bags. Future Market Insights offers a report on global trolley bags market, including key aspects of the market as well as segments and others.

The report highlights the factors that are influencing the growth of the market as well as trends operating in the market. Further, various parameters are considered while analyzing the market and estimating the dynamics of the market over the forecast period. The report also consists of strategies of the leading market players to remain at forefront position in the market.

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The report includes complete study of the global trolley bags market complied by expert’s team from packaging industry along with research consultants and trade analysts. The report compresses qualitative information, in addition with quantitative data of each segment of the global trolley bags market. The report is likely to help readers to understand the development as well as other techniques of the leading market players, so as to improve their product portfolio and to expand their consumer base.

Vendor Insights

The report includes a section, competitive landscape, which highlights the leading players operating in the market and have large contribution in the growth of the market. The report also highlights the key strategies of these leading market players to maintain their leading position in the market. Further, the report compresses of major product developments carried by these players to enhance the quality of their products as well as to increase its consumer base.

The data is managed in the form of key developments, company overview, major financials, and product overview. In addition, the report also provides knowledge of long term vision of the companies to remain at the pole position in the market.

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Research Methodology

A heavy lifting has been done by a team of experts to analyze every aspect of the market in depth so that companies are able to cut down the cost required for in-house facilities. The market players that avail this report are likely to be benefitted with interferences comprised in it. The report has been created to make in depth research on trolley bags market and to find the drivers that are propelling the demand for trolley bags as well as the restraints, which are responsible for limiting the growth of the market.

Future Market Insights discovers a proven and tested research methodology to find out the revenue generation estimation of the global trolley bags market. Additionally, a secondary research report has been utilized to confirm exact market size and the leading players in the market. Validation of all the data has been done by triangulation method, in which primary and the secondary data with the information that has been gathered by Future Market Insights has been contributed with the final data.

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This data is then inspected by the use of advanced tool to garner associated insights into the global trolley bags market.

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

Key Segments in the Trolley Bags Market

By Material Type:

  • Hard-Side
  • Soft-Side

By Price Range:

  • Premium
  • Medium Range
  • Low Range

By Distribution Channel:

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Factory Outlets
  • Online Stores
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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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.

Contact:
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Educational Robots Market Size to Reach US$ 5.0 Billion by 2032 | CAGR of 16.3%

A market worth US$5.0 billion is expected for educational robots. A billion people lived there in 2022. Between 2022 and 2032, the market, according to Future Market Insights, will expand at a CAGR of 16.3%. Market growth grew at a 20.0% CAGR between 2017 and 2021.

Expansion is related to the popularity of educational robots, which is on the rise. They help create a stimulating learning atmosphere for the pupils. They allow them to work on issues that arise in the real world as well.

These robots are necessary for the growth of students’ interpersonal, communication, and problem-solving skills. Therefore, it is anticipated that over the next ten years, the market for educational robots will change.

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The employment of these robots in universities, public schools, and special education facilities is increasing. Market growth is also being aided by ongoing technological advancement and extensive use of e-learning platforms.

As more businesses began producing educational robots, sales would rise. Organisations in both the public and private sectors are increasing their investments, which is leading to greater opportunities. These factors would raise demand for educational robots by 2032.

The French Ministry of National Education recently placed a 1,750 robot order with Blue Frog Robotics & Buddy for delivery in 2022. These robots will make it possible for students who are hospitalised or housebound to communicate virtually with their classmates.

In educational contexts, robotic applications are quickly spreading. Only a few schools are currently testing the use of teaching robots to improve student learning.

These robots can be used to instruct students in topics like math, science, technology, and engineering. These are crucial components of the curriculum.

Millennials who work as instructors or kids who attend homeschooling can also benefit from robots. In these conditions, where there is a dearth of human competence, they are ideal.

Key Takeaways from Educational Robots Market Study

North America would lead the educational robots market and reach a valuation of US$ 2.01 billion by 2032.

The USA educational robots market size would reach US$ 1.6 billion by 2032.

By application, the higher education segment would exhibit a CAGR of 1% from 2022 to 2032.

The non-humanoid type of educational robot would lead and flourish at a CAGR of 2% from 2022 to 2032.

China educational robots market would exhibit steady growth at a CAGR of 3% from 2022 to 2032.

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Competitive Landscape: Educational Robots Market

The market for educational robots is stable thanks to the presence of numerous illustrious companies. They would engage in acquisitions and mergers to gain an edge over their rivals. Other businesses are concentrating on joint ventures, alliances, and new product launches.

For instance,

In June 2021 , Hanson Robotics announced that they are creating a robot called Grace. It will be used for interacting with people isolated by the COVID-19 pandemic. The robot can talk with patients and show emotions. It is dressed in the blue uniform of a nurse. It is equipped with a camera. It is used to measure patients’ responsiveness, temperature, and measures. Grace can initiate talk therapy, take readings, and help healthcare providers in the hospital. It can express thoughts similar to a human being. It will be used in the healthcare industry for research purposes.

In June 2020 , OrangeApps GmbH started making educational robots for KUKA Robotics and other industry players. OrangeApps GmbH develops individual software solutions for robotic systems. These robots are programmed similarly to those of KR Quantec from KUKA Robotics. These robots are used in colleges and universities by students to get hands-on experiences.

Key Companies Profiled: Aisoy Robotics, Hanson Robotics Limited, Modular Robotics, PAL Robotics, Probiotics America

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Future Market Insights, in its new offering, presents an unbiased analysis of the educational robots market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.

The study reveals extensive growth in the educational robot market in terms of type (humanoid, non-humanoid), application (primary education, secondary education, higher education), and region

 Educational Robots Market Outlook by Category

By Type:

Humanoid

Non-Humanoid

By Application:

Primary Education

Secondary Education

Higher Education

Others

By Region:

North America

Europe

Asia Pacific

latin America

Middle East & Africa

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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.

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Border Security Technologies Market worth US$ 1.0 Trillion by 2032 | at a CAGR of 35.4%

The market for border security technology globally is anticipated to reach $48.0 billion in 2022. Between 2022 and 2032, the market is anticipated to expand tremendously at a startling 35.4% CAGR. In 2032, this would increase the market’s value to an astounding US$ 1.0 trillion.

Border conflicts have occasionally happened recently, despite efforts by governments everywhere to maintain peace. Governments secure their borders with the use of border security technologies. In this day and age, it is difficult to overstate the significance of national security.

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Radar systems, video systems, perimeter intrusion detection systems, and manned and unmanned vehicles are some examples of border security technologies. As nations work to prevent further conflicts, Future Market Insights (FMI) observes large government-backed investments in border security systems.

China, Japan, the United States, the United Kingdom, and South Korea are predicted to dominate the global market between 2022 and 2032 by FMI. The ground-based application category is anticipated to dominate the market and grow at a 35.2% CAGR. According to systems, FMI anticipates that in the upcoming years, the unmanned vehicles segment will rule the industry.

Key Takeaways from the Border Security Technologies Market Study

Between 2022 and 2032, the global market for border security technologies is likely to generate a US$ 945.0 billion absolute dollar opportunity.

The United States market should accelerate at a CAGR of 33.9% in the coming years.

The United Kingdom market is likely to surpass a valuation of US$ 42.3 billion in 2032.

The market for border security technologies in China should register expansion at a CAGR of 36.6% between 2022 and 2032.

Border security technologies demand should surge at a CAGR of 34.7% in Japan from 2022 to 2032.

Sales of border security technologies should accelerate at a CAGR of 35.9% in the years ahead.

Who is Winning?

Key companies in the border security technologies market are reaping rewards in the form of lucrative contracts. Through these contracts, manufacturers can offer their high-end products and strengthen defences of several economies that are focused on enhancing their existing military infrastructure.

Thales, Teledyne FLIR, SITA, Saab, Raytheon Technologies, Moog Inc., Lockheed Martin, Leonardo, Leidos, Indra Sistemas S.A, IDEMIA, General Atomics, G+D, Elbit Systems, Controp Precision Technologies, and Atos are prominent players in the global market for border security technologies.

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Future Market Insights, in its new offering, presents an unbiased analysis of the Border Security Technologies Market, presenting historical market data (2017 to 2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the border security technologies market based on systems (radar systems, laser systems, camera systems, unmanned vehicles, wide band wireless communication systems, command and control systems, biometric systems, drones, optical surveillance systems, electric fencing systems), and application (ground based, aerial based, naval based) across seven regions.

Global Border Security Technologies Market by Category
By Systems:

Radar Systems

Laser systems

Camera systems

Unmanned Vehicles

Wide Band Wireless Communication Systems

Command and Control Systems

Biometric Systems

Drones

Optical Surveillance Systems

Electric Fencing Systems

By Application:

Ground Based

Aerial Based

Naval Based

By Region:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

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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.

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LiDAR Drone Market Worth US$ 892 million by 2032 | Future Market Insights,Inc.

The global market for LiDAR drones is expected to reach US$ 147.0 million in 2022, according to Future Market Insights. Between 2022 and 2032, the global sales of LiDAR drones are anticipated to grow at a rate of 19.8% CAGR. The entire market value for LiDAR drones will be close to US$ 892.0 million by 2032.

Throughout the assessment period, rotary wing drones will continue to generate the most revenue. Through 2032, the market for rotary wing LiDAR drones is anticipated to grow at a 19.7% CAGR.

An growth in usage in the mining and agriculture industries is fuelling the need for LiDAR drones. Drone makers will have significant expansion potential as mining, agriculture, and traffic surveillance investments continue to grow.

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Drones with LiDAR technology are widely employed in the mining sector to streamline operations. Additionally, they improve worker safety and aid in preventing accidents. Thus, through 2032, the mining sector’s expansion will increase demand for LiDAR drones.

Drones with LiDAR technology are also becoming more widely used in precision agriculture. Thus, the quick transition to modern agricultural methods will open up profitable opportunities for manufacturers.

LiDAR drone sales will increase as more government programmes that support the use of LiDAR drones for surveys and law enforcement are implemented.

Key Takeaways from LiDAR Drone Market Report:

The worldwide LiDAR drone market size will reach US$ 892.0 million by 2032.

Global LiDAR drone sales are set to rise at 15.9% CAGR through 2033.

By drone type, rotary wing drone demand will increase at 19.7% CAGR between 2022 and 2032.

Based on LiDAR type, topographic segment is likely to expand at 19.6% CAGR.

The United States LiDAR drone market is forecast to reach a valuation of US$ 258.2 million in 2032.

Sales of LiDAR drones across South Korea are set to surge at 20.2% CAGR through 2032.

The United Kingdom LiDAR drone market will progress at 18.8% CAGR.

LiDAR drones demand across China is likely to rise at 20.8% CAGR over the next ten years.

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Who is Winning?
Key LiDAR drone manufacturers are constantly developing effective high-resolution scanning solutions. They are focused on their alliances with AI companies, technology collaborations, and product launch strategies.

Recent Developments:

In 2022, Censys Technologies integrated LiDAR technology into their fixed wing vertical take-off and landing drone (VTOL).

In September 2022, Faro Technologies completed the transactions of buying United Kingdom-based company GeoSLAM Ltd. GeoSLAM Ltd is a provider of mobile scanning solutions.

LiDAR Drones Segmentation

By LiDAR Type:

Topographic

Bathymetric

By Components:

LiDAR Lasers

UAV Cameras

By Drone Type:

Rotary Wing

Fixed Wing

By Range:

Short Range

Medium Range

Long Range

By Application:

Agriculture

Corridor mapping

Industrial

Others

By Region:

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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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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Logistics Robots Market Worth US$ 38.13 Billion by 2023 | Future Market Insights,Inc.

The market for logistics robots is predicted to grow at a healthy CAGR of 16.5% between 2023 and 2033. By 2033, the market is projected to reach a market share of US$ 38.13 billion, up from its projected US$ 8.28 billion value in 2023.

The rise of the e-commerce industry is being fueled by the incorporation of cutting-edge technologies like artificial intelligence and machine learning. The sales of logistics robots are also being driven by small firms and cutting-edge delivery choices.

The contactless delivery concept and the usage of robots in the packaging industry were both driven by the Covid-19 pandemic. Additionally, the market is seeing growth in the expanding automation across industries, including the pharmaceutical and automotive sectors.

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The logistics robots are being used in larger warehouses with heavier loads of items to move, transport and scan bar codes for products. Productivity and delivery are anticipated to be improved by the general objective of lowering the operational costs of logistics and transportation combined with the coexistence of humans and robots.

Robotic labour is being used by businesses like Amazon and Walmart to boost productivity and efficiency. Additionally, these platforms have begun utilising robots for quicker product deliveries, shipping, and packaging.

Key Points

The North American market holds the dominant space in the logistics robots market. The market growth is attributed to the booming e-commerce along with the origin of small and medium-sized businesses experimenting with production, transportation, and packaging operations.

The United States, with the presence of eCommerce giants like Amazon, eBay, Etsy, and Walmart, is implementing logistics robots in their warehouse operations

The Asia Pacific location analytics market is also an important regional market. The regional growth is attributed to the rapidly growing economies, and China is increasing its robot density to increase the sales of logistics robots.

Europe, with higher penetration of robotics in the automotive sector, along with the increased production units and warehouses, is gaining traction in the regional market.

The transportation segment is likely to thrive in the application type category as it flourishes on factors like higher consumption, easy movements, and the addition of new transportation channels.

The eCommerce segment tops the industrial category. The growth of this segment is fueled by warehouse automation, drone-based deliveries, and other features.

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Recent Market Developments

Toshiba Corporation has introduced its De-palletizer with a handling capacity of 30 kgs and an automatic recognition system that helps in segregating the goods and conveying them according to the label.

Omron Corporation has introduced its robotics solutions for logistical operations. The company has added its new products named I4H/L, Quattro, Cobot, and LD Conveyor

Key Segments 

By Type:

Automated Guided Vehicles

Autonomous Mobile Robots

Robot Arms

Others (UAVs)

By Application:

Palletizing & De-palletizing

Pick & Place

Transportation

Others (Shipment & Delivery)

By Industry Verticals:

E-commerce

Healthcare

Retail

Food & Beverages

Automotive

Others (Consumer Electronics)

By Region:

North America

Latin America

Europe

Asia Pacific (APAC)

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 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
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Global Oxalic Acid Market Size & Forecast to 2032 | Top Players Mudanjiang Fengda Chemical Co., Ltd., Oxaquim, Merck KGaA

Oxalic acid serves almost all major end-use industries, including water treatment chemicals, petrochemicals, pharmaceuticals, and others. According to a recent Future Market Insights (FMI) study, the global oxalic acid is expected to reach the valuation of US$ 1,191.0 Mn by 2028.

The industrial sector in Asia Pacific is growing at a substantial rate, thereby increasing the demand for oxalic acid in the region. Moreover, increasing concerns related to water treatment are expected to fuel the growth of the global oxalic acid in the foreseeable future.

Oxalic acid is a colorless and odorless organic compound with the chemical formula C2H2O4. It is commonly found in many plants and vegetables, including spinach, rhubarb, and cocoa. The acid is also produced by the human body in small amounts and can be found in urine.

Oxalic acid has many industrial applications, such as in the production of dyes, pharmaceuticals, and insecticides. It is also used as a bleaching agent for wood and other materials, as well as a cleaning agent for metal surfaces.

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The Potential Impact of COVID-19

The novel coronavirus outbreak has been sweeping across regions and the global economic order. In line with this, the oxalic acid market is expected to witness dip in value creation due to price volatility, short-term market uncertainties, and decreasing adoption in majority of key application areas. Travel restrictions imposed by governments worldwide will hamper the market growth, especially business activities that require face-to-face meetings. Furthermore, logistical hurdles will remain a challenge, considering short-term growth projection of the market.

“The global healthcare landscape is changing rapidly, and people are spending more on their health-related needs. Factors such as changing lifestyles, food habits, sleeping habits, etc., are contributing to this change. With people getting more health conscious, the demand for pharmaceuticals is increasing across the globe, in turn, leading to the high consumption of oxalic acid.”

Key Takeaways of Oxalic Acid Market Study

  • Increasing concerns regarding the need for sterilization of pharmaceutical equipment is expected to propel the demand for technical/pharma grade oxalic acid over the forecast period. Standard grade holds a prominent share of the oxalic acid market; however, this share is expected to decline over the forecast period.
  • The market in Asia Pacific is significantly diverse in terms of customer base, innovations, and geopolitical conditions, as well as regulatory scenario. The GDP of this region is expected to witness significant growth in the foreseeable future, and this is expected to propel the growth of the oxalic acid market.
  • The oxalic acid market in Asia Pacific, including China, India, and Indonesia, is expected to gain traction in the foreseeable future, attributable to growing industrial activities and urbanization in the region.

Market Landscape: Fairly Fragmented

The global oxalic acid market is fairly fragmented, owing to a number of players holding small shares in the market space. The top ten established players account for more than half of the total supply. Manufacturers are focusing on strengthening their partnerships with end users and government entities. Key players such as Mudanjiang Fengda Chemical Co., Ltd., Oxaquim, Merck KGaA, UBE Industries Ltd., Clariant International Limited, Indian Oxalate Limited, Shijiazhuang Taihe Chemical Co., Ltd., Spectrum Chemical Manufacturing Corp., Shandong Fengyuan Chemical Co., Ltd., Penta s.r.o., and others, are also focusing on marking their direct presence in local markets.

What Does the Future Hold?

The global oxalic acid market is expected to grow at a moderate rate over the forecast period, on account of its increasing demand in the petrochemical industry in developing countries. Moreover, increasing awareness about the sterilization of medical equipment, in both, developed and developing countries, is further expected to fuel the growth in the market. Increasing awareness in these countries will help increase the adoption of the product in the foreseeable future.

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Oxalic Acid Market By Category

Grade :

  • Standard Grade (Purity 96%-99%)
  • Technical/ Pharma Grade (Purity 99%-99.9%)
  • Electronic/ Food Grade (Purity 99.9%-99.999%)

Application :

  • Bleaching & Purifying Agents
  • Reducing Agents
  • Stain & Rust Removers
  • Miticide
  • Precipitation Agents
  • Others

End Use :

  • Petrochemicals
  • Water Treatment Chemicals
  • Metallurgy
  • Textiles & Leather
  • Pharmaceuticals
  • Electronics & Semiconductors
  • Food
  • Wood Pulp
  • Bee-hiving

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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Future Outlook of the Butyraldehyde Market: Growth Projections and Key Drivers

The global butyraldehyde market was worth US$ 200 Million in the year 2022 and is expected to reach US$ 360 Million by the year 2032 at a CAGR of 6% between 2022 and 2032.

Butyraldehyde, often known as “Butanal,” seems to be a colorless liquid with an unpleasant odor. Although it is mostly soluble in organic solvents, water does not completely dissolve it. The oxy procedure is a typical way to make butyraldehyde. Here, hydrogen, propylene, and carbon monoxide interact. Acting as a catalyst is rhodium.

In reality, butyraldehyde is used as a raw material to make 2-ethylhexanol, n-butanol, polyvinyl butyral, and trimethylolpropane. An intermediate can also be used in the chemical industry. Additionally, it can be found in plasticizers, synthetic resins, perfumes, pesticides, crop protection products, and pharmaceuticals.

Butyraldehyde is mostly used in producing n-butanol. This could, in turn, be used in the form of solvent in the coatings vertical and also for manufacturing pyroxylin plastics, pharmaceuticals, and polymers. This demand is expected to increase on a sizable note going forward. For example – as per the Ministry of Chemicals and Fertilizers, around 68K tons of butanol get consumed in India in a year to form butyl acrylate. It is, in turn, used for forming acrylic paint. The other applications include additives in polishes and cleaners, solvent for dyes, additives in gasoline, and solvent in textile industry.

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2-ethyl hexanol is another product derived from butyraldehyde. It’s used to produce plasticizers, which are used to derive PVC (polyvinyl chloride). The players like Formosa Plastics, Westlake Chemical, Shin-Etsu are emphasizing on expansion of manufacturing capacity, which would certainly ask for 2-ethyl hexanol. On these grounds, Shintech, in the year 2018, did announce expanding the PVC output at Louisiana complex by more than 50% to over 11 Million mt per year, that too, along with the other upstream PVC expansions by 2020 and 2021. Though there were disruptions due to Covid-19, normalcy has been restored now. Butyraldehyde is also used for producing extractants that are used in the form of solvents in dye and coating vertical. Methacrylate esters and acrylate are also produced from butyraldehyde. Along these lines, the Ministry of Chemicals and Fertilizers has confirmed that more than 100K tons of 2-ethyl hexanol gets consumed by India per year.

N-butyraldehyde gets used as raw material to produce alcohols (multi- and mono-hydroxide), esters, amines, and acids. It is also imperative in producing films that are used in the safety glass.

At the same time, the fact that butyraldehye, on direct exposure to the atmosphere, may cause environmental hazards can’t be ignored.

Future Market Insights has walked through these facets with future perspectives in its latest market study entitled ‘Butyraldehyde Market’. Its team of analysts and consultants is there to execute through its 360-degree approach in primary, secondary, and tertiary modes of research.

“With Chemicals vertical witnessing ripples through butyraldehyde, the global butyraldehye market is likely to grow by leaps and bounds in the near future”, says an analyst from Future Market Insights.

Key Takeaways from Butyraldehyde Market

  • North America holds the largest market share due to the US being subject to mass production of rubber products.
  • The Asia-Pacific stands second on this count. This region is also home to the major portion of rubber trees.

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Competitive Landscape

The key participants in butyraldehyde market include Mitsubishi Chemical Corporation, KH Neochem Co., Ltd., Tokyo Chemical Industry Co., Ltd., BASF SE, Eastman Chemical Company, and others.

What does the Report Cover?

  • The research study is based on product type (N-Butanol, 2-Ethylhexanol, Polyvinyl Buthyral, and likewise), and by application (paints and coatings, pharmaceuticals, agrochemicals, polymers, and likewise).
  • With paints and coating vertical expanding on a continuous basis, the butyraldehyde market is expected to grow on a good note in the forecast period.

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 Us:

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

 

Exploring the Global Bio-Wax Market: Current Trends and Future Projections

The global bio-wax market was worth US$ 2.4 Billion in the year 2022 and is expected to reach US$ 3.6 Billion by the year 2032 at a CAGR of 4% between 2022 and 2032.

Bio-wax implies a constellation of water-soluble organic polymers produced from the bio-based raw materials. It could also be referred to as one of the by-products of biodiesel manufacturing process. The application areas, apart from personal care and cosmetics, comprise fire logs, water protection systems, infrastructure buildings, and paints & coatings.

Bio-waxes have been developed for replacing synthetic olefins and petroleum-based wax. They constitute a low odor group (of compounds) that refrain from interfering with the complex fragrance profiles. Molecular weight coupled with polymer’s branching decide properties and uses of bio-wax.

The US Environment Protection Agency states that bio-based fuels do not contribute toward increase in concentrations of carbon dioxide in the atmosphere. This is the basic advantage on their part. These days, bio-wax could be used in bridge construction, pre-fab elements, roof tiles, and precast concrete applications as well.

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At the same time, the fact that complex manufacturing process may hinder the market can’t be ignored.

Future market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Bio-wax Market’. It has its team of analysts and consultants to look through the macros and micros herein through 360-degree approach.

“The facts that bio-wax is a good texture modifier and also capable of providing secondary emulsification in the challenging systems are expected to take the bio-wax market by storm going forward”, says an analyst from Future Market Insights.

Key Takeaways from Bio-wax Market

  • North America holds the largest market share due to the US being subject to an extensive demand for bio-wax through personal care and cosmetics vertical. Plus, government is laying down regulations regarding bio-based fuel in the firelogs. As per the Energy Information Administration, renewable energy manufacturing capacity all across the US may increase fivefold by the year 2024 to over 5 Billion gallons per year (from 1 Billion gallons).
  • Europe is expected to stand second on this count with Russia at the forefront. The country is witnessing an exorbitant demand for fossil-based waxes from several applications.
  • The Asia-Pacific is expected to pick up pace in the bio-wax market in the forecast period with growing awareness in this regard. Biodiesel is one of the alternate fuels formed through transesterification of the reprocessed cooking oils, animal fats, and vegetable oils. Another benefit is that it could be effectively mixed with various petroleum diesel fuels to be used in the diesel engines without any alterations. Thus, rail transport and vehicles could be benefited. The by-product, i.e. bio-wax, could be put into use then for the applications mentioned above.

Competitive Analysis

  • Duraflame has declared that it is into switching to an environmentally-friendly material to displace as much as 100 Million pounds of petroleum-based fuel on a yearly basis.
  • Remmers has its BTM Bio Wax; which comes across as one of the finely dispersed wax solutions made from renewable raw materials with biodegradable additives.
  • Chant Oil is known for supplying vegetable and animal oils fatty acids to domestic alkyd resin and paint verticals.

Key Companies Profiled

  • Biosil
  • Duraflame
  • BioJouvance
  • Fisch
  • Remmers
  • Chant Oil Co. Ltd.

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What does the Report disperse?

  • The research study is based on type (anima bio-wax and plant bio-wax), and by application (bio-wax for cosmetics & personal care products, bio-wax for water protection systems, bio-wax for infrastructure building, and bio-wax for paintings & coatings).
  • With spike in demand for personal care products and cosmetics, the global bio-wax market is bound to grow on a grand note in the years to come.

Key Segments Covered in the Bio-Wax Market Research Report

By Type:

  • Anima Bio-Wax
  • Plant Bio-Wax

By Application:

  • Bio-Wax for Cosmetics & Personal Care Products
  • Bio-Wax for Water Protection Systems
  • Bio-Wax for Infrastructure Building
  • Bio-Wax for Paints & Coatings

By Region:

  • North America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Latin America
  • 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.

Contact Us:

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