Market Research Blog – Page 5946 – New Product Development

Military Boots Market Contributes for More Than 50% of the Military Boots Market Share | Says FMI

The global military boots market is projected to be around US$ 4.3 Billion in the year 2022 and is projected to witness a CAGR of 4.6% by 2022-2032. The military boots market size is anticipated to be valued at about US$ 6.8 Billion by 2032 end.

Soldiers sometimes find themselves in mountainous terrain, vast deserts, or other difficult environments where they require boots to protect their feet from sharp objects. One of the safest pieces of protective gear that troops may wear is military boots.

Military boots are comparable to regular boots, but they include additional advantages like superior grip, increased ankle stability, and superior insulation from harsh environments that offer soldiers an edge over their adversaries. The global military boots market overall expansion is nonetheless supplemented by these aspects.

Due to increased safety and preventive measures in the defence industries, there has been an increase in the demand for military boots in recent times. As the defence industry has improved the troops’ safety features, there has been a rise in sales of military boots. Moreover, military boots and shoes are made especially for military soldiers to safeguard their feet from dangerous assaults such as fire and gunfire during war events.

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Historical Comparison of the Military Boots Market Values during 2017 to 2021

During the years spanning over the period 2017 to 2021, the militaryboots market sector had a growth rateof 4.2%. The improvement ingrowth ratehas been fuelled by an increase in product development, material innovationand new launches.

Just after epidemic, the globe is prepared to adopt the newest trends in the consumer goods sector. With consumers’ behaviour changing quickly, the military bootsbusiness has undergonea substantial transformation. The pandemic and other worldwide shifts are affecting daily consumer requirements and preferences. Leading military boots market playershave created cutting-edge items to satisfy an expanding range of productsand itsrequirement in general market.

What are the Major Trends augmenting the Military Boots Market?

The military boots industry is anticipated to expand in the next years as a result of the advantages of durability and mobility. Additionally, there may be a chance for nations with smaller armies but increased risks of terrorist attacks or tensions between neighbouring nations haveincrease the recruitment ofmilitary troops that canfurther boostthe sales of military boots in the globalmarket.

Presently, the advent of composite plastic toes represents a significant business potential for military boot makers. The troops can avoid and sustain severe stress thanks to the composite toe. Boots made of a mix of rubber, nylon, and leather have alsobeen developed. Rubber is projected to give the soldier comfort, nylon is anticipated to aid in ventilation, and leather is projected to shield the soldier’s feet from various climatic conditions. In the next years, it is anticipated that this development has immense potential to drive the global military boots market.

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What are the Existing Challenges for the Military Boots Market Players?

Lack of common criteria for military shoes applications is expected tohave an impact on the industry. Lack of knowledge canlimit the demand formilitary boots and its usagein many industrialised and emerging nations. Moreover, the creation of cutting-edge military footwear is hampered, nevertheless, by a shortage of funding in the defence spending.

Each nation has its own regulations and rules governing the usage of military shoes. Companies find it challenging to adhere to these national laws and regulations. This might discourage investment in the military boots business and have a detrimental effect as well.

Recent Developments in the Military Boots Market

In the year2018, TBL Licensing LLC’s brand product lineTimberland officially unveiled its line of FlyRoam tactical boots. These boots make use of innovations like the Aerocore power system, which works to add more cushioning while attempting to keep the shoes ultra-light.

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Global Military Boots Market Key Players

NS Footwear PVT. Ltd.
McRae
Wolverine World Wide
Magnum Boots
Maelstrom Footwear
Rampage
Under Armour

Market by Segmentation

By Machine Type:

Combat Military Boots
The Parade Ground
British Military Boots
Magnum Boots

By Application:

Military
Hiking
Travel
Others

By Region:

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

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Global Steam Chemical Indicator Market: Growth Trends, Opportunities, and Competitive Landscape by 2027

A detailed study on Steam Chemical Indicator market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.

As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Steam Chemical Indicator market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Steam Chemical Indicator in the coming 10-years.

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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Steam Chemical Indicator

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 Steam Chemical Indicator market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.

Key Steam Chemical Indicator Market Takeaways and Projections

The U.S. is expected to lead the North America Steam Chemical Indicator market, projecting the fastest growth in the region between 2022-2032
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 2032.

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Report Benefits & Key Questions Answered

Steam Chemical Indicator Historical Market Analysis: The detailed survey by FMI, examines key factors in the Steam Chemical Indicator 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 Steam Chemical Indicator market for the forecast period 2022-2032.
Steam Chemical Indicator Category & Segment Level Analysis: The category & segment level analysis conducted by FMI studies the market in terms of segments. It studies the vital dynamics across each segment and also highlights their growth prospects in the coming ten years.
Steam Chemical Indicator Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Steam Chemical Indicator for the assessment period. As per the study, the demand for Steam Chemical Indicator will grow at a robust CAGR between 2022-2032.
Steam Chemical Indicator Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Steam Chemical Indicator market. It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
Steam Chemical Indicator Market Trend Analysis: The latest study by FMI on the Steam Chemical Indicator 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.

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Competitive Landscape Analysis

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

It also provides a list of leading players and recent development in the global Steam Chemical Indicator market. Some of the major players effective in the global steam chemical indicator market include 3M Company, Certol International LLC, ITW Texwipe, Crosstex International, Inc., Propper Manufacturing Co Inc, and STERIS Corporation.

Steam Chemical Indicator Market: Market Segmentation

On the basis of end use, the global steam chemical indicator market is segmented as follows:

Food & Beverages
Pharmaceutical
Cosmetics
Others

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Sales of Electric Skateboard are Anticipated to Total a Valuation of US$ 3525.39 Million by 2032

The global electric skateboard market size is slated to reach US$ 1.93 Billion in 2022, and is further likely to reach US$ 3.52 Billion by the end of the 2022-2032 forecast period. Throughout the aforementioned assessment period, sales of electric skateboards will continue to flourish, reflecting a value CAGR worth 6.2%. From 2016 to 2021, the market registered a growth rate of 5.1%.

The majority of the skateboards market players have launched electric skateboards with a massive influx of new riders. Based on user tilt sensing technology, any desired motion can be achieved without a remote control. This makes the E-skateboard a smart transport with motion sensing capability.

Electric Skateboard Market – Key Trends

Connected features in electric skateboards, such as infrared connections, Wi-Fi, and Bluetooth, are gaining momentum in the global market. Progressions in technology are resulting in the development of innovative and AI featured electric skateboard. It offers greater control over speed together with accurate handling for riders with more efficiency in less time.

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As governments are increasingly focusing on smartening up their cities, they are seeking viable transport solutions that can decongest the traffic as well as create a cleaner environment for the entire community.

At present, there are only handfuls of nations that allow electric skateboard usage in public roads. The legalization of these electric skateboards will immensely diminish the number of vehicles on the road, clean the air, enhance the community’s mental health, and encourage a ‘forward-thinking’ environment.

The legislation will also give rise to dedicated electric vehicle retailers and certified repair agents. Rise in the electric skateboard market has also created space for the electric skateboard accessories market. Several manufacturers have started offering safety gears USB accessories and spare parts.

Rising awareness concerning different skateboarding competitions and contests held at the regional and country levels is motivating kids to engage in the sport. For instance, Skate Philippines Summer Championship, the 31st Annual Skate Malaysia and Skate Japan are a few of the competitions held in 2019

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Electric Skateboard Market – Growth Restraints

The conventional skateboards at available at affordable prices in the market as compared to electric skateboards. Moreover, there is an additional high cost associated with the use of advanced technology in electric skateboard motors. This is anticipated to impede the electrical skateboard market.

Lack of electric skateboard laws can negatively impact the growth of the electric skateboard market. The issues that legislative bodies are confronting are the product’s uncertainty and the absence of data concerning these vehicles usage.

COVID-19 Impact Analysis

The COVID-19 outbreak affected not only the skateboard industry but the professional skateboarders too. The outbreak has resulted in the cancelation of several events and championships such as the Tokyo Summer Olympics 2020 wherein skateboarding was included and has provided a boost to all skateboarders to outdo in the field.

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Rise of online fantasy sport(OFC) platforms has shown a rapid increase in the user base over the period. As per the FIFS-KPMG report, OFS operators’ gross revenues increased around 3X over the last 12 months.

Further, in a post COVID world, with social distancing standards in place, fantasy sports such as Skateboarding will play an increasingly important role in connecting fans to their favorite sports as well as increasing fan engagement.

Electric Skateboard Market – Region-Wise Analysis

North America spearheads the global electric skateboard market trailed by Europe over the assessment period. According to the Public Skatepark Development Guide, around 3.1 million youth in the US is described as being a core skater. Furthermore, the region is the biggest producer of skateboards across geographies.

The Asian market is anticipated to foresee rapid growth in the electric skateboard market owing to increasing awareness of the outdoor activities, also, to the rise in technology.

Electric Skateboard Market – Competitive Analysis

The global electric skateboard market is segmented with the presence of several global and local players. The majority of market players are introducing innovation in their products and acquisitions as their key strategy is to boost their market share. For instance,

Rave skateboards have introduced their summer collection 2019 comprising funky graphic designed skateboards.
LAUNCH SNOWBOARDS have launched their new skateboard line which consists of wheel kits, street decks, drop through longboards, truck, and pintail longboards.
Loaded Boards entered into a partnership with Unlimited Engineering to launch their newest line of electric skateboards along with DIY electric kits.
Lime, a scooter sharing company is taking over Boosted Inc. Around five of Boosted’s core patents were allotted to Lime in addition to intellectual property.

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Roll-On Bottles Market: Trends, Opportunities, and Forecast for Global Demand by 2028

A detailed study on Roll-on Bottles market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.

As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Roll-on Bottles market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Roll-on Bottles in the coming 10-years.

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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Roll-on Bottles

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

Key Roll-on Bottles Market Takeaways and Projections

The U.S. is expected to lead the North America Roll-on Bottles market, projecting the fastest growth in the region between 2022-2032
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 2032.

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Report Benefits & Key Questions Answered

Roll-on Bottles Historical Market Analysis: The detailed survey by FMI, examines key factors in the Roll-on Bottles 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 Roll-on Bottles market for the forecast period 2022-2032.
Roll-on Bottles Category & Segment Level Analysis: The category & segment level analysis conducted by FMI studies the market in terms of segments. It studies the vital dynamics across each segment and also highlights their growth prospects in the coming ten years.
Roll-on Bottles Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Roll-on Bottles for the assessment period. As per the study, the demand for Roll-on Bottles will grow at a robust CAGR between 2022-2032.
Roll-on Bottles Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Roll-on Bottles market. It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
Roll-on Bottles Market Trend Analysis: The latest study by FMI on the Roll-on Bottles 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.

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Competitive Landscape Analysis

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

It also provides a list of leading players and recent development in the global Roll-on Bottles market. Some of the players in the global Roll-on Bottles market are

Gerresheimer AG
KAJ SP. Z O.O.
Berk Company, LLC
others

Roll-on Bottles Market: Market Segmentation

The global roll-on bottle market has been segmented as follows:

On the basis of material type, the global roll-on bottle market has been segmented as:

Glass
Plastic
Aluminum

On the basis of roller ball used, the global roll-on bottle market has been segmented as:

Stainless steel based roller ball
Plastic based roller ball

On the basis of capacity, the global roll-on bottle market has been segmented as:

1 ml – 5 ml
5 ml – 10 ml
10 ml & above

On the basis of end use industry, the global roll-on bottle market has been segmented as:

Cosmetics & Personal Care Industry
Pharmaceutical Industry

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Thermal Labels Market to Reach US$ 1,420.5 Million by 2032, Driven by Increasing Demand for Barcode Labeling Solutions

Thermal labels are self-adhesive labels that are printed using thermal printers. They are commonly used for labeling and tracking products in various industries such as retail, logistics, healthcare, and manufacturing. The market for thermal labels is anticipated to reach US$ 1,420.5 Mn by 2032, at a CAGR of 4.8% from 2022 to 2032, with an estimated value of US$ 892.4 Mn in 2022.

One of the key drivers of the thermal labels market is the increasing demand for barcoded labels in the retail and logistics industry. Thermal labels are widely used for barcode printing, which helps in improving inventory management, reducing errors, and enhancing supply chain efficiency. Moreover, the rising adoption of e-commerce activities worldwide is also fueling the demand for thermal labels as they are essential for tracking and tracing products.

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Another factor driving the growth of the thermal labels market is the increasing demand for sustainable labeling solutions. As consumers become more environmentally conscious, there is a growing demand for labeling materials that are recyclable, reusable, and biodegradable. Thermal labels offer a sustainable solution for labeling products as they are made of materials that can be recycled.

In conclusion, the thermal labels market is expected to grow in the coming years due to the increasing demand for barcoded labels in the retail and logistics industry and the rising adoption of e-commerce activities. The market is highly competitive, with major players investing in product innovation and expansion to gain a competitive edge. Additionally, the demand for sustainable labeling solutions is expected to drive the growth of the market.

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Competitive Landscape

Market players have been focusing on making their products more functional, attractive, sustainable, hygienic, and recyclable. Besides this, they are focusing on strategic collaborations to stay ahead of the game.

In October 2021, Armor Group announced the acquisition of IIMAK which will help to reinforce the company’s position in the thermal transfer ribbon market.
In October 2020, a label company named Western Shield Label Company acquired Label Smith.

Key Players:

3M Company
Henkel AG & Co. KGaA
Honeywell International Inc.
CCL Industries Inc.
Lintec Corporation
Constantia Flexibles Group GmbH
Coveris Holdings S.A.

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Thermal Labels Market by Category

By Material, Thermal Labels Market is Segmented as:

Paper
Plastic

By Label, Thermal Labels Market is Segmented as:

Direct thermal labels
Thermal transfer labels

By Application, Thermal Labels Market is Segmented as:

Food & beverages
Healthcare
Semiconductor & Electronics
Others (Industrial)

By Region, Thermal Labels Market is Segmented as:

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

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

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Thermoform Fill Seal (TFFS) Machines Market: Analysis of Key Trends, Drivers, and Growth Opportunities by 2028

A detailed study on Thermoform Fill Sealing Machine market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.

As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Thermoform Fill Sealing Machine market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Thermoform Fill Sealing Machine in the coming 10-years.

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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Thermoform Fill Sealing Machine

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

Key Thermoform Fill Sealing Machine Market Takeaways and Projections

The U.S. is expected to lead the North America Thermoform Fill Sealing Machine market, projecting the fastest growth in the region between 2022-2032
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 2032.

Expand operations in the future – To get requisite details, ask for a custom report. https://www.futuremarketinsights.com/customization-available/rep-gb-6643

Report Benefits & Key Questions Answered

Thermoform Fill Sealing Machine Historical Market Analysis: The detailed survey by FMI, examines key factors in the Thermoform Fill Sealing Machine 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 Thermoform Fill Sealing Machine market for the forecast period 2022-2032.
Thermoform Fill Sealing Machine Category & Segment Level Analysis: The category & segment level analysis conducted by FMI studies the market in terms of segments. It studies the vital dynamics across each segment and also highlights their growth prospects in the coming ten years.
Thermoform Fill Sealing Machine Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Thermoform Fill Sealing Machine for the assessment period. As per the study, the demand for Thermoform Fill Sealing Machine will grow at a robust CAGR between 2022-2032.
Thermoform Fill Sealing Machine Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Thermoform Fill Sealing Machine market. It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
Thermoform Fill Sealing Machine Market Trend Analysis: The latest study by FMI on the Thermoform Fill Sealing Machine 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.

Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-6643

Competitive Landscape Analysis

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

It also provides a list of leading players and recent development in the global Thermoform Fill Sealing Machine market. Some of the players in the global Thermoform Fill Sealing Machine market are

AFA Technologies Sdn. Bhd
Gerhard Schubert GmbH
Prodo-Pak Corporation
Nichrome Packaging Solutions
Bosch Packaging Technology
SICK AG
PPi Technologies Group
Coligroup spa
others

Thermoform Fill Sealing Machine Market: Market Segmentation

The global market thermoform fill sealing machine is segmented into packaging type and end use industries.

On the basis of packaging type, thermoform fill sealing machines are segmented into:

Blisters
Clamshells
Trays
Cups
Containers
Others

On the basis of end use industry, thermoform fill sealing machines are segmented into:

Food
Cosmetics & Personal care
Healthcare
Electronics
Others

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Biocomposites Market Poised for Robust Growth with Impressive 16% CAGR by 2032, Get Insights FMI

Over the forecast period, the global biocomposites market is predicted to increase at an exponential rate of 16%. Valued at US$ 25 Billion in 2021, the biocomposites market is anticipated to reach US$ 128 Billion by 2032.

The increased research and development efforts for composite materials and biocomposite uses and benefits such as recyclability, lightweight, and cost-effectiveness are driving this trend. In addition, due to the harmful nature of synthetic materials, recycling challenges, and toxic residues, the biocomposites market size will continue to expand throughout the predicted timetable.

As per the biocomposites market report, Germany, the United States, and Japan are among the developed countries working on boosting the usage of ecologically friendly items rather than petroleum-based products.

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The European Union (EU) has favored such items over the United States and Japanese governments. It requires the use of bio-based materials, encourages the recyclability of vehicle components, and holds automakers accountable for disposal at the end of the vehicle’s service life. These laws are likely to boost demand for biocomposites in various end-use industries, including transportation, construction, and electrical and electronics.

The power necessary to make biocomposites is far lower than that critical to making glass fiber composites or carbon fiber composites. On the other hand, Biocomposites are more expensive than glass fiber composites. However, price reductions are prospects due to economies of scale and common biocomposites applications.

COVID-19 has had a detrimental impact on sales of biocomposites due to a drop in demand from numerous end-use sectors. Being one of the largest users of biocomposites, building and construction have seen the worst and most immediate effects of the epidemic. The building industry has been hit the worst. This has had a negative biocomposites market outlook.

Advancing at a CAGR of 16%, the biocomposites market size is expected to reach US$ 51 Bn by 2026.

Key Takeaways

The hybrid composites product section captured the largest market size in the global biocomposites market, owing to increased biocomposites applications around the world. Its substantial market share is credited with the optimum fiber adhesion that leads to decreased moisture content, high strength, and structural capacity.
As per the biocomposites adoption trends, they are predicted to be the dominant market in the Asia Pacific. Over the projected period, it is also anticipated to be the fastest regional market.
The requirement for synthetic polymer biocomposites had decreased in 2020 because of the COVID-19 pandemic. As global end-use industries found a stable footing by the fourth quarter of 2020, demand for biocomposites also showed signs of recovery.
The market for biocomposites is dominated by the building and construction industry.
Wood fiber composites have the biggest market share in volume in the global biocomposites industry.

“The need for biocomposites is increasing in the building and construction, transportation, consumer goods, and other end-use industries. However, as a result of COVID-19, sales in various industries have decreased, reducing demand for biocomposites.”—opines an FMI analyst.

Competitive Landscape

To gain a foothold in the biocomposites market opportunities, the key companies in the industry are pursuing a variety of inorganic and organic techniques.

Biocomposites, an international medical device company that produces and manufactures leading products for bone and soft tissue infection management, announced today that its STMULAN products are, vancomycin, gentamycin, and tobramycin, have received new Canadian approval for the mixing of antibiotics with them.

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Key Segments

By Fiber Type:

Wood Fiber Composites.
Non-wood Fiber Composites

By Polymer Type:

Natural Polymer Composites
Synthetic Polymer Composites

By Product:

Hybrid Biocomposites
Green Biocomposites

By End-use Industry:

Building & Construction
Transportation
Consumer Goods
Others

By Region:

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

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District Cooling Market size is set to reach a Valuation of US$ 63.2 Billion during Forecast 2023 to 2033, Get Insights FMI

According to a recent FMI report, the global district cooling market share is expected to reach US$ 63.2 billion by 2033, growing at an 8% CAGR during the forecast period. According to the study, rising demand for energy-efficient cooling technology has a proportional impact on district cooling adoption.

Rapidly rising temperatures and the proven viability of district cooling plants have fueled global district cooling system adoption. The study did discover, however, that the Asia Pacific district cooling market has grown rapidly. The concept of a District Cooling Plant has gained traction as people become more aware of the need for energy conservation.

District cooling sales are expected to increase as the demand for energy-efficient technologies rises to meet the ongoing construction boom.

The district cooling industry is expected to benefit from the continued deployment of viable and sustainable cooling systems to meet energy-saving targets, as well as increased production of sustainable building solutions.

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Furthermore, the growing use of renewable technology, combined with strict regulatory requirements to reduce pollution, would spur the district cooling market growth. Furthermore, severe climate circumstances would encourage district cooling due to rising surface temperature levels in the Middle East, Central Europe, and South Asian nations. Furthermore, over the forecasted period, total demand is increasing.

The population in tropical and hot temperature zones requires cooling to be more comfortable, particularly during the summer. As a result, air conditioner ownership is on the rise in these areas, according to the International Energy Agency (IEA). One of the most advanced markets for district cooling is the Middle East. The Middle East has been experiencing an increase in temperature in the summer, with temperatures exceeding 50 degrees Celsius, necessitating the adoption of district cooling.

When establishing a district cooling system, the limited availability of space for operating construction equipment is a significant construction issue. Other building obstacles include transporting equipment to a particular site and coordinating the efforts of the many contractors. One of the significant issues is ensuring that space for chiller plants and distribution pipelines is available. It isn’t easy to keep a district cooling plant running at near-total capacity all year. All-in-all, the district cooling market size is expected to reach a valuation of US$ 1.2 Billion by 2026.

Key Takeaways:

During the projection period, the electric chillers market is predicted to be the largest segment in the district cooling market by production technology.
During the forecast period, the commercial segment is likely to be the leading proportion in the sales of the district cooling market by application. The expansion of the commercial segment of the district cooling market is predicted to be fuelled by the development of new infrastructure in Middle Eastern countries and the growing requirement for businesses to decrease their carbon footprint.
Asia’s major markets include Japan, India, Malaysia, Singapore, China, and South Korea. The Indian government has outlined ambitious projects like Smart Cities and Smart Grid, which are anticipated to drive the market in the coming years.
Attributed to the increasingly affluent population and increased construction activity, the Middle East and Africa are likely to dominate most of the district cooling market opportunities, particularly in nations like the United Arab Emirates, Saudi Arabia, and Qatar.

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Competitive Landscape

As a large pool of players are present in the district cooling market, the nature of the market is fragmented. National Central Cooling Company PJSC (TABREED) (UAE), Emirates Central Cooling System Corporation (EMPOWER) (UAE), Emirates District Cooling, LLC (EMICOOL) (UAE), and Qatar District Cooling Company (QATAR COOL) are the top players in the global district cooling market.

The district cooling companies have been using strategic initiatives such as contracts and agreements, investments and expansions, partnerships, collaborations, alliances, and joint ventures to capture a larger district cooling market share.

Tabreed, a leading district cooling company, signed a significant strategic agreement with the International Finance Corporation (IFC), a World Bank Group member and the world’s largest development agency focused on the private sector in emerging economies, in December 2021. IFC has invested more than USD 321 billion in emerging nations since its founding in 1956.
Empower signed an agreement in November 2021 to acquire Dubai International Airport’s district cooling systems, with a total cooling capacity of 110,000 refrigeration tonnes (RT), for a total value of AED 1.1 billion, using an amalgamation of internal accruals and debt financing from local and international banks with whom Empower has close strategic relationships.

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Key Segments

By Production Technique:

Free cooling
Absorption Cooling
Electric Chiller

By Application:

Commercial
Residential
Industrial

By Region:

North America
Latin America
Asia Pacific
Europe
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 favour 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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Micro Irrigation Systems Market is Projected to Exhibit a Strong 13% CAGR by 2031, Says FMI

The global micro irrigation systems market is expected to grow at an exponential rate of more than 13% CAGR through the end of 2031, according to insights from the latest study from Future Market Insights (FMI) an ESOMAR-certified research and consulting firm. The report provides a detailed analysis in more than 20 high growth regional markets, with comprehensive details on the prospects of micro irrigation systems through the coming decade.

Micro irrigation systems are gaining importance in the agriculture sector, owing to their efficacy in minimizing the effects of drought conditions, at comparatively low costs. Increasing demand for water and concerns over scarcity of this natural resource, with its effects in terms of quality and crop yield will play key roles in driving the growth of the market. Growing interest in greenhouse farming is also driving micro-irrigation systems in specialized farms.

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The study by FMI has analyzed the global demand for micro irrigation systems, in terms of macro-economic factors, the impact of the covid-19 pandemic, and market landscape. As per the scope of research conducted by FMI, the market has been studied on the basis of consumer interests, product segments, and regional influences, in addition to qualitative data on the players operating in the market covering both supply and demand.

Key Takeaways from Micro Irrigation Systems Market Study

Drip irrigation systems are estimated to hold the lead, supported by lower purchase and installation costs, in addition to low water use.
Micro farming applications will reflect a relatively higher rate of growth, driving demand for lateral move and central pivot products.
United States will hold significant market share owing to the concentrated presence of market leaders in the country.
India and China will account for a high rate of growth, supported by an agrarian economy and favorable government initiatives in the industry.
Access to technologies associated to mechanized irrigation systems are generating opportunities in the Middle East and Africa region.

“The growing need for water conservation efforts driven by rising population levels and decreasing global water reserves are key factors that drive the micro irrigation systems market. Stringent regulations associated with water becoming a rare commodity, has pushed players in the agricultural sector to invest in novel solutions to enhance the productivity of a limited volume of water. Micro irrigation systems are capable of optimizing water usage, which in turn will support market expansion for the duration of the forecast period,” says the FMI analyst

The micro irrigation systems market is expected to grow at a healthy rate during 2021 to 2031. With the essential nature of irrigation in agriculture, coupled with growing concerns over water scarcity issues, market players are expected to be focused on research and development to improve on resource optimization objectives. Field testing and collaborations with regional players is likely to gain the interest of market players through the assessment period.

Region

North America (U.S. & Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
Western Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, & Rest of W. Europe)
Eastern Europe (Russia, Poland, CIS Countries and Rest of E. Europe)
Middle East and Africa (GCC Countries, Turkey, South Africa, Israel, & Rest of MEA)
Japan
Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, & Rest of APEJ)

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Competitive Landscape

The global micro irrigation system market is moderately fragmented, with a number of regional players holding notable market share, which is likely to continue for the duration of the forecast period. Leading manufacturers are increasingly investing in new technology innovations in addition to strategic geographic expansion efforts.

Some of the leading players in the micro irrigation systems market include but are not limited to Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Rain Bird Corporation, Hunter Industries, Valmont Industries, Rivulis Irrigation Ltd., Lindsay Corporation, Reinke Manufacturing Company Inc., EPC Industries Ltd., T-L Irrigation, Elgo irrigation, Sistema Azud SA, Nelson Irrigation Corporation, Chinadrip Irrigation Equipment Co. Ltd., Kisan Irrigation Ltd., Finolex Plasson Industries Pvt. Ltd., Ripple Aquaplast , Irritrol, Eurodrip SA.

Valuable Insights into Micro Irrigation Systems Market Study

Future Market Insights brings the detailed research report of the latest industry trends affecting growth in the global micro irrigation systems market. The market has been segmented in terms of system type and end use to offer a comprehensive overview of the industry. The study provides in-depth analysis of the key factors enabling growth in these segments across seven key regions.

Key Segments Covered

System Type
End Use
Region

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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 favour 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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DC Switchgear Market is Projected to Exhibit a Strong 7.1% CAGR from 2022 to 2032, Says Future Market Insights, Inc.

According to a recent FMI report, the Global DC switchgear market is expected to grow at a 6% CAGR over the forecast period. The region’s dominance in the global market is the result of several governments in this region implementing innovative grid programmes and massive investments in modernising electricity transmission and distribution networks.

DC switchgear statistics point to Asia Pacific, where the market is expected to grow significantly over the forecast period. The Asia Pacific DC switchgear market is now growing at the fastest rate, owing to factors such as increased peak load demand, the expansion of micro-grid networks, and concerns about grid stability and supply security.

Growth in the DC switchgear industry is expected to be driven by a growing preference for energy-efficient distribution networks, as well as increased concerns about transmission network stability, security, and reliability. Growing renewable energy investments have the potential to create lucrative DC switchgear market opportunities over the forecasted period.

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Key Takeaways:

• Contribution of railway segment is projected to be the most during the forecast period.
• Sales of DC switchgear with a capacity of 750 V is anticipated to remain the highest, as end users seek high efficiency.
• The DC switchgear market sizein the United States is expected to grow by more than 5% by 2025. The same can be attributed to government initiatives to replace and upgrade existing distribution networks.
• By installation, the outdoor installation segment is expected to have a large DC switchgear market sharedue to its ability to withstand harsh climatic conditions while also providing reliable and cost-effective operations.

“Asia Pacific is anticipated to have a major share of the global switchgear market, owing to increased investments in the railway sector and the incorporation of renewable energy sources, particularly in countries like Australia, India, China, and Japan. The presence of a large potential for large industrial plant construction, combined with rapidly developing residential and commercial sectors, is also expected to increase the demand for DC switchgears and contribute to regional growth.” opines an FMI analyst.

Competitive Landscape:

A few key players in the DC switchgear market are Toshiba Infrastructure Systems & Solutions Corporation (Japan), Siemens (Germany), Hitachi Energy Ltd. (Japan), ABB (Switzerland) and Eaton (Ireland), L & T (India), Lucy Electric (UK), Hubbell Incorporated (United States).

DC switchgear companies use different strategies to acquire a high share in the DC switchgear market. Some of the key strategies in DC switchgear market include contracts and agreements, investments and expansions, partnerships, collaborations, alliances, and joint ventures.

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Global DC Switchgear Market by Category

By Component Type:

Power Distributor Switch Breaker
Switch Disconnector
MCCB
MCB
HRC Fuse
Earth Fuse

By Voltage Range:

Up to 750V
750V to 1800V
1800V to 3000V
3000V to 10,000V
Above 10kV

By Insulation Type:

Air Insulated
Gas Insulated
Oil Insulated
Vacuum Insulated
Solid Insulated

By Deployment Type:

Fixed Mounting
Plug-In
Withdrawable Units

By Application:

Railways
Solar Farms
Battery Storage
EV Charging Infrastructure
Marine
Power Generation and Distribution
Others

By Region:

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

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

Global DC Switchgear Market Demand Analysis 2017–2021 and Forecast, 2022–2032

5.1. Historical Market Volume (Units) Analysis, 2017–2021

5.2. Current and Future Market Volume (Units) Projections, 2022–2032

5.3. Y-o-Y Growth Trend Analysis

About Us

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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact: