Global Pipe Screw Extruder Market Poised for Remarkable Growth, Valued at USD 15.5 Billion by 2033 | FMI Analysis

The global pipe screw extruder market is experiencing robust growth, with a projected market value of USD 10.1 billion in 2023. According to recent forecasts, the market is set to exceed USD 15.5 billion by 2033, expanding at a compound annual growth rate (CAGR) of 4.4% during the forecast period. This growth is fueled by increasing demand across key industries such as construction, automotive, and infrastructure development.

Pipe screw extruders play a vital role in the manufacturing of plastic pipes, which are essential for a wide range of applications, including water supply, drainage systems, and gas transportation. The market has seen continuous technological advancements aimed at improving energy efficiency and product quality, further driving adoption across industries. The rising demand for sustainable and durable piping solutions is significantly contributing to the market’s expansion.

With the growing emphasis on urbanization, industrialization, and sustainable infrastructure, the pipe screw extruder market is gaining momentum globally. Key players are heavily investing in R&D to enhance extruder performance, reduce operational costs, and develop eco-friendly production methods.

Industry Scope and Demand

The scope of the pipe screw extruder market is expanding rapidly, driven by increasing global construction activities and infrastructure projects. The demand for plastic pipes, especially in developing economies, is surging due to their cost-effectiveness, lightweight properties, and durability. Industries such as oil and gas, agriculture, and municipal water supply are also contributing to the rising adoption of pipe screw extruders.

Moreover, the growing focus on reducing carbon footprints and enhancing water management systems has led to the increased utilization of advanced pipe extrusion technologies. This surge in demand is prompting manufacturers to adopt more sustainable production methods, including the use of recyclable and biodegradable materials in pipe manufacturing.

Industry Trends and Future Analysis

Several key trends are shaping the future of the pipe screw extruder market. The integration of Industry 4.0 technologies, such as automation, IoT, and AI, is revolutionizing the production process, enabling real-time monitoring and optimization of extrusion lines. These advancements enhance product quality, improve operational efficiency, and reduce energy consumption, positioning manufacturers to meet evolving customer needs effectively.

The market is also witnessing a shift toward the adoption of multi-layer extrusion technologies, which allow for the production of pipes with enhanced mechanical and thermal properties. This trend is expected to gain traction as industries seek innovative solutions to meet the increasing demand for high-performance, durable, and eco-friendly pipes.

Industry Regional Insights

The Asia-Pacific region is leading the global pipe screw extruder market, driven by rapid industrialization, urbanization, and large-scale infrastructure development projects in countries like China and India. The region’s expanding population and increasing investments in water and gas supply networks are further propelling market growth. Additionally, government initiatives promoting the use of sustainable materials and energy-efficient manufacturing processes are providing a significant boost to the market.

In North America and Europe, the market is experiencing steady growth due to the modernization of aging infrastructure and stringent environmental regulations. The rising demand for advanced piping solutions in the construction and automotive sectors is driving the adoption of pipe screw extruders in these regions. Furthermore, the emphasis on recycling and the use of environmentally friendly materials is creating new opportunities for market players.

Browse More! https://www.openpr.com/news/3190849/turning-the-screw-a-glimpse-into-trends-shaping-the-pipe-screw

Key Players:

  • The Bosch Group
  • KraussMaffei Group
  • Davis-Standard
  • Arburg
  • Wittmann Battenfeld

Market Segments Covered:

By Extruder Type:

  • Single Screw
  • Twin Screw

By End Use:

  • Plastic Industries
  • Rubber Industries
  • Food Industries
  • Building & Construction
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia Pacific
  • Middle East & Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

FMI Report Affirms Global Urea Strippers Market Size Forecasted to Reach USD 9,912.32 Million by 2032, Surging Steadily at 2.4% CAGR

The urea strippers market, valued at USD 7,819.44 million in 2022, is poised for continual advancement from 2022 to 2032, progressing at a stable rate of 2.4%. This growth trajectory is expected to lead to a significant market value of USD 9,912.32 million by 2032.

The thriving urea strippers market owes its expansion to various factors, with prominent among them being the widespread utilization of urea strippers as an integral component in fertilizer production. Urea holds a pivotal role in the formulation of nitrogen-based fertilizers, essential for augmenting crop yields. Against the backdrop of a global agricultural sector striving to enhance productivity to meet the demands of a burgeoning population, the demand for urea-based fertilizers, and consequently, urea strippers, is poised for notable growth.

The urea strippers market is witnessing substantial growth, driven by burgeoning demand in the fertilizer sector, according to a recent report by Future Market Insights (FMI). The market is set for remarkable expansion from 2022 to 2032, fueled not only by its widespread use as a fertilizer but also by its increasing applications beyond fertilization.

With the global population projected to reach 9.9 billion by 2050, a 25% surge from the 2020 figure of 7.8 billion, the demand for food is escalating significantly. To meet this demand, farmers are anticipated to produce approximately 70% more food by 2050, as indicated by the UN Food and Agriculture Organization (FAO). Consequently, the agricultural industry will focus on optimizing land use to maximize output, leading to an increased adoption of urea strippers for enhanced crop yield and production. Given that agriculture is the primary end-use sector for urea strippers, the surge in food demand will directly propel the market’s growth trajectory.

Key Insights from the Urea Strippers Market Analysis:

Expansive Application in Chemical Process Industry: Urea strippers are witnessing escalating demand in the chemical process sector, attributed to their versatile utilization across domains such as agriculture and automotive products.

Sustained Demand Amid Fertilizer Expansion: With fertilizer production poised for continuous expansion, the demand for urea strippers is expected to maintain a steady upward trajectory.

End-Use Industry Influence on Regional Dominance: The escalating utilization of urea across end-use sectors will contribute to the enduring dominance of East Asia and South Asia Pacific within the market.

Localized Market Growth: The growth of the urea strippers market is primarily influenced by localized factors, as regions where they are manufactured and consumed record maximum consumption.

Market Dynamics: Innovations and Strategic Collaborations Driving Competition

Manufacturers are strategically harnessing innovation to optimize profitability, spearheading advancements in the urea strippers market. Key stakeholders, including tier 1 and tier 2 players, command substantial market shares, intensifying competition and prompting a wave of novel developments in the sector. A pivotal shift in focus is evident, as these players actively forge partnerships with diverse enterprises to enhance market visibility. Notably, economies reliant on agriculture wield a formidable influence, solidifying their pivotal role in shaping the market landscape.

Browse More! https://www.prnewswire.com/news-releases/elevated-food–agricultural-demands-push-urea-strippers-market-to-us-9912-32-mn-by-2032–future-market-insights-inc-301653457.html

Key Players:

  • Larson & Toubro
  • Saipem S.p.A.
  • Stamicarbon
  • Urea Casale
  • TOYO India
  • ALFA LAVAL
  • NICK
  • Thyssenkrupp
  • FLOWTRONIX
  • Images Heavy Engineering Ltd
  • Kay Iron Works (Jorian) Private Limited
  • FEECO International, Inc
  • Sandvik AB
  • MANGIAROTTI spa
  • Paramount Limited

Key Segments Covered:

Categorized by Material of Construction:

  • Duplex Steel
  • Stainless Steel
  • Zirconium
  • Titanium
  • 25 Cr-22Ni-2Mo
  • 316 L- UG

Categorized by Capacity:

  • Up to 1,000 MTPD
  • 1,000-1,500 MTPD
  • 1,500-3,500 MTPD
  • Above 3,500 MTPD

Categorized by Region:

  • North America: Comprising the USA and Canada
  • Europe: Encompassing Russia, Ukraine, and the broader European region
  • East Asia: Including China, Japan, and other East Asian nations
  • South Asia Pacific: Covering India, ASEAN countries, and the wider South Asian and Pacific area
  • Rest of the World: Encompassing GCC Countries, Africa, and other global regions

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Commercial Booster Pumps Market Valuation to Reach USD 12,084.3 Million Mark in 2033, Surging at 7.6% CAGR

According to estimates, commercial booster pump sales worldwide are likely to reach USD 5,809 million in 2023. In a detailed industry analysis, the global commercial booster pump market is projected to grow a CAGR of 7.6% and reach USD 12,084.3 million by 2033.

These pumps have an inlet, outlet, motor, and pressure monitoring device that improves the flow and pressure of water. Pumps with booster impellers have an inlet, outlet, motor, and pressure monitoring device inside.

This is accomplished by passing water through an impeller in the inlet pipe and further pushing the water through an outlet by the impeller. The impeller creates water pressure and allows high-pressure water to be delivered to the faucet or showerhead.

Global population growth drives the commercial booster pump market. Population density is increasing across the globe, including hills and deserts, increasing the need for constant water supplies. During the forecast period, the global commercial booster pump market is expected to grow and develop significantly owing to the growing demand for energy-efficient water pumps.

Local municipalities lack adequate water supply facilities, which drives the market for commercial booster pumps. Water extraction from a single source and technology development are introducing highly advanced solutions to the commercial booster pump market.

Due to increased industrialization and urbanization, the global water pump market is expected to grow during the forecast period. Due to the rapid industrialization of the world, advanced and multipurpose water pumps have become increasingly needed, creating lucrative growth opportunities for the key players to penetrate the market and generate huge revenues as well.

Key Takeaways from Market Study:

  • The commercial booster pump market is expected to record a CAGR of 7.6% over the forecast period.
  • Multi-stage pumps may have a market share of 59.7% for fluids requiring huge volumes to be pumped.
  • Commercial water booster pump demand in the United States is expected to be significantly impacted by technological proliferation.

“Rising urbanization, increasing population, growing demand for agricultural activities, increasing industrialization, rising water consumption, and rapid technological advancements are some prime factors that influence the commercial booster pumps market potential.” – says a lead analyst at Future Market Insights.

Competitive Landscape:

By launching new products and expanding their revenue potential, commercial booster pump vendors are expanding their product portfolios. The emergence of new players and there has been intense competition in the market for commercial booster pumps.  By focusing on innovation, small-scale players create growth opportunities. The trend is becoming more common for small businesses to merge with and acquire sizable so they can expand their product offerings and reach a broader demographic of consumers.

Several prominent companies dominate this market, including Grundfos, Xylem Inc., KSB AG, Flowserve Corporation, Sulzer Ltd., WILO SE, Gorman Rupp Pump Company, ANDTRIZ Group, Danfoss, Pentair Plc., Peerless Pump Company, CAT Pumps, ETEC, Zoeller Company, Franklin Electric, Luckpump Machinery Co. Ltd., LEO Group, Mazzoni SRL, Vossche, Torishima Pump Mfg. Co. Ltd and others.

Recent Developments:

  • A leading pump manufacturer in India, Shakti Pumps, announced the launch of its upcoming commercial submersible pumps in February 2022. The new plug-and-play submersible pumps are designed for high efficiency and low operating costs and are expected to be in high demand.
  • A leading provider of water treatment and sustainable solutions, Pentair Inc. (a leading provider of water treatment and sustainable solutions), announced in April 2021 that it aims to acquire Ken’s Beverages Inc.

Read More! https://finance.yahoo.com/news/global-commercial-booster-pumps-market-013000869.html

Market Segmentation by Category:

Commercial Booster Pumps Market by Pump Type:

  • Single-stage
  • Dual-stage
  • Multi-stage

Commercial Booster Pumps Market by Operating Pressure:

  • 0.5 – 1 Bar
  • 1 – 5 Bar
  • 5 – 10 Bar
  • 10 – 20 Bar
  • 20 – 25 Bar
  • 25 – 50 Bar
  • Above 50 Bar

Commercial Booster Pumps Market by End Use:

  • Municipal Water & Wastewater Management
  • Groundwater & Rainwater Harvesting
  • District Cooling & Heating
  • HVAC
  • Commercial Buildings
  • Agriculture & Irrigation
  • Fire Control & Engineering
  • Industrial Processes

Commercial Booster Pumps Market by Sales Channel:

  • Online Sales
  • Offline Sales

Commercial Booster Pumps Market By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Domestic Booster Pumps Market Share to Drive Past USD 5,732.3 Million Value by 2033, Surging at 7.2% CAGR

The domestic booster pumps market is set for significant expansion, with a resilient Compound Annual Growth Rate (CAGR) of 7.2% expected over the forecast period. Projections indicate a noteworthy valuation of USD 5,732.3 million by 2033, reflecting a substantial increase from its 2023 value of USD 2,860.1 million, according to insights provided by FMI.

This surge is driven by the exponential growth in global population alongside an escalating demand for water resources. As the pursuit of clean water intensifies among a burgeoning populace, there is a noticeable uptick in the demand for domestic booster pumps. These essential devices, crucial for maintaining consistent water pressure, have become integral to contemporary living, highlighting their pivotal role in shaping evolving market dynamics.

Factors Driving the Growth of the Domestic Booster Pumps Market:

  1. Growing Awareness of Energy Efficiency: A Catalyst for Market Expansion

The market’s growth can be attributed to a heightened awareness among consumers regarding the presence and benefits of energy-efficient technologies. This awareness is driving a shift towards more efficient solutions, fueling the demand for domestic booster pumps.

  1. E-commerce Expansion: Expanding Sales Avenues for Domestic Booster Pumps

The burgeoning e-commerce industry is significantly broadening the sales channels for domestic booster pumps. This increased online presence is providing consumers with enhanced accessibility and convenience in acquiring these essential water management devices.

  1. Urbanization and Residences Surge: Fostering Demand for Residential Booster Pumps

The rapid urbanization observed in emerging economies is leading to a surge in residential development. As a result, the demand for booster pumps tailored for domestic and residential applications is experiencing a corresponding upswing, driven by the increasing number of households.

Key Insights:

  • The 50-150 W segment is projected to command nearly one-third of the global market value. Pumps within this power range are particularly suited for medium-sized buildings, driving their significant market share.
  • When categorized by water pressure, the 1 bar segment is forecasted to contribute to over two-fifths of the market value by the end of the forecast period.
  • In terms of applications, domestic booster pumps find predominant use in gardening sprinklers and pipes, capturing approximately 40% of the total market value.
  • The offline sales segment is expected to retain the major portion of revenue, while the online sales segment is set to exhibit robust growth rates.
  • East Asia, spearheaded by China, is positioned to dominate the global market value. This dominance is buoyed by the thriving residential construction sector in the region.
  • The combined market share of North America and Europe is substantial, attributed to the presence of key market players in these regions.

Explore More! https://finance.yahoo.com/news/domestic-booster-pumps-market-worth-143000021.html

Who is Winning?

Domestic booster pumps manufacturers are directing their efforts towards the research and development activities to produce booster pumps with innovative features. On these lines, plug-and-play booster pumps have emerged as a lucrative design and an increasing number of players are jumping on to the bandwagon to develop energy-efficient designs.

FMI’s report includes profiles of some of the most prominent names in the market including Grundfos, Xylem Inc., KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., WILO SE, Gorman Rupp Pump Company, Torishima Pump Mfg. Co., Ltd., LEO Group, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, Mazzoni SRL, Vossche Pump Group, among others.

Key Segments Covered in the Domestic Booster Pumps Market Report:

Domestic Booster Pumps Market by Rated Power:

  • 10 – 50 W Domestic Booster Pumps
  • 50 – 150 W Domestic Booster Pumps
  • 150 – 300 W Domestic Booster Pumps
  • Above 300 W Domestic Booster Pumps

Domestic Booster Pumps Market by Water Pressure:

  • 0.5 Bar Domestic Booster Pumps
  • 1 Bar Domestic Booster Pumps
  • Above 1 Bar Domestic Booster Pumps

Domestic Booster Pumps Market by Application:

  • Domestic Booster Pumps for Kitchens
  • Domestic Booster Pumps for Bathrooms
  • Domestic Booster Pumps for Water Heater Units
  • Domestic Booster Pumps for Gardening Sprinklers & Pipes

Domestic Booster Pumps Market by Sales Channel:

  • Online Sales of Domestic Booster Pumps
  • Offline Sales of Domestic Booster Pumps

Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

FMI Analysis Indicates Global Turbidimeter Market Size to Hit USD 952.1 Million Milestone by 2029, Driven by 4% CAGR Growth

The global turbidimeter market is poised for substantial growth, projected to surpass a valuation of USD 952.1 million by 2029. With an initial year-end valuation of approximately USD 641.8 million in 2022, reflecting a robust growth rate of 5.6%, this marks the onset of a progressive trajectory.

Future Market Insights (FMI) forecasts a steady Compound Annual Growth Rate (CAGR) of 4.0% over the seven-year period from 2022 to 2029, signalling sustained expansion. Industries emphasizing precision, texture, and adherence to stringent cleanliness standards, notably in sectors such as food, beverage, and chemicals, underscore the critical importance of product quality. Moreover, as regulatory standards for water quality become increasingly stringent, there is a rapid uptick in demand for various types of turbidimeters to ensure compliance.

FMI’s insights also shed light on the geographic distribution of this market. North America is expected to take the lead, driven by a higher concentration of water treatment plants in the region. Meanwhile, Europe boasts a substantial share as well, surpassing North America in the Global Turbidimeter market. Together, these two regions are projected to collectively hold a revenue share of 41% in the global market by the conclusion of 2029.

This data underscores the critical role that turbidimeters play in a world where the purity and quality of water are paramount. As industries continue to prioritize adherence to rigorous quality standards, the turbidimeter market is set to play an increasingly vital role in ensuring that products and processes meet the highest standards of cleanliness and purity, safeguarding both consumers and the environment.

Quality maintenance is becoming a priority for various sectors that use analytical testing equipment, and turbidimeters are one of the preliminary equipment utilized for quality analysis. This would remain among the key factors pushing sales of turbidimeter at a global level.

Customers would be inclined towards online turbidimeters in the near future, as they are accurate, quicker, and thus, highly reliable. Moreover, online turbidity monitoring is possible for continuous flow systems with a high measuring range of up to 10,000 NTU.

Key Takeaways – Turbidimeter Market Study:

  • Turbidity level of potable water has become a serious concern owing to contamination caused by toxic industrial waste and other pollutants. Strict measures are being taken for regulating turbidity levels of water.
  • Various water treatment and effluent treatment plants (ETP) have been established in order to regulate turbidity and other parameters, which will fuel the growth of market.
  • Increasing number of desalination plants in the Middle Eastern region is amplifying demand for turbidimeters.
  • Handheld turbidimeters are gaining traction owing to their compact size and application in time-critical measurements. However, highly accurate analysis is still majorly conducted by benchtop turbidimeters, as they have a wider measurment range.
  • Currently, sales of benchtop turbidimeters are relatively high in South Asia, because of more popularity of laboratory analysis in various industries.
  • Prices of benchtop and handheld turbidimeters are comparatively low in East Asia than other regions, owing to the prominent presence of local manufacturers.
  • Manufacturers are increasingly selling their products online to capitalize on features such as user-friendly interface, easy selection criteria, and price comparison.

Browse More! https://www.globenewswire.com/news-release/2022/02/08/2381164/0/en/Turbidimeter-Market-is-reaching-a-valuation-of-US-952-1-Million-by-2029-Comprehensive-Research-Report-by-FMI.html

Key Players Profiled:

  • Thermo Fisher Scientific Inc.
  • Danaher (Hach) Corp
  • Emerson Electric Co
  • Xylem Inc.
  • METTLER TOLEDO
  • Merck KGaA
  • PCE Instruments
  • Hanna Instruments Inc.
  • Tintometer Inc.
  • LaMotte Company

Market Segmentation:

By Portability Type:

  • Handheld
  • Stationary

By Application:

  • On-field
  • Off-field

By End Use:

  • Wastewater Treatment
  • Chemical & Materials
  • Oil & Gas
  • Pharmaceutical
  • Pulp & paper
  • Food & Beverages
  • Research & Academia
  • Others

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Loader Bucket Demand to Surge at 4.6% CAGR Till 2029, Driven by Recycling and Waste Management Initiatives

The loader bucket market is poised for substantial growth in the forecast period spanning from 2022 to 2029, fueled by an increasing emphasis on recycling and waste management initiatives. Within this dynamic market, loader buckets emerge as pivotal tools, playing a crucial role in enhancing the efficiency of waste handling operations. The industry is dedicated to optimizing waste management processes, with loader buckets proving indispensable due to their versatile design and robust capabilities.

In today’s business landscape, heightened environmental concerns have prompted a significant shift in consumer behavior towards waste recycling and management practices. This transformative trend underscores the paramount importance of recycling initiatives and waste management strategies in addressing urgent environmental challenges. In this context, the role of material handling equipment, particularly loader buckets, cannot be overstated. They play a pivotal role in a diverse array of activities, including landfill operations and other critical processes integral to effective waste management. The anticipated growth of the loader bucket market reflects its crucial role in supporting the evolving landscape of sustainable waste management practices.

Undoubtedly, the construction industry stands as a cornerstone in propelling the momentum of the loader bucket market, poised to secure substantial orders on a global scale. While the mining sector within Europe is undergoing a phase of resurgence, it is anticipated that the region will exhibit measured growth within the loader bucket market. This growth is underpinned by the advantageous dynamics of end-use industries and an escalating emphasis on effective waste management strategies.

With a keen eye on optimizing operational costs and ensuring longevity, loader bucket manufacturers are resolutely focused on presenting solutions that offer both low lifecycle expenditures and unwavering durability.

In the current landscape, it’s noteworthy that the construction and mining domains stand as the principal catalysts driving the utilization of bucket loaders. Nonetheless, a forthcoming surge is on the horizon, stemming from the waste management sector. This anticipated boost underscores the evolving significance of loader buckets in addressing the intricate challenges posed by waste management.

Key Highlights from the Loader Bucket Market:

  • Robust investments in construction ventures, both public and private, are poised to drive global material handling equipment sales, encompassing bucket loaders and related components.
  • The United Nations identifies an imperative for Asia Pacific, necessitating a remarkable $1.5 trillion infrastructural investment to ensure sustainable development, aligning with 5% of the region’s 2018 GDP.
  • Notable trends in mining spotlight surface mining for ferrous minerals and coal as the primary demand generator for loader buckets. Key hubs include the Americas and Asia Pacific.
  • Versatile general-purpose buckets take the lead, showcasing adaptability across tasks such as excavation, mining, grading, and more, capturing a substantial one-third of the loader bucket market globally.
  • Waste management’s global significance fuels the proliferation of recycling facilities. Countries like the U.S., Germany, South Korea, and China offer a burgeoning market for loader buckets alongside expanding waste recycling initiatives.

Key Players Operating in the Industry:

Major players in the loader bucket market are Komatsu Ltd., Liebherr, Volvo AB, Caterpillar Inc., Doosan Corporation, Deere & Company, J C Bamford Excavators Ltd., Wacker Neuson Group, and Takeuchi Mfg. Co, Ltd., ESCO Group LLC, Kenco Corporation, and VTN Europe S.p.A, among others.

Market Analysis by Category:

By Capacity:

  • Below 1 yd3
  • Between 1 yd3 to 5 yd3
  • Above 5 yd3

By Bucket:

  • General Purpose Buckets
  • Light Material Buckets
  • Heavy Duty Buckets
  • Multi-purpose Buckets

By Loader:

  • Excavators
  • Wheeled Backhoes
  • Wheeled Loaders
  • Skid Steer Loaders
  • Others

By Application:

  • Rock
  • Woodchip
  • Coal
  • Sand & Gravel
  • Waste Handling
  • High Dump

By Fit Type:

  • First Fit
  • Re-Fit

By End Use:

  • Construction
  • Mining
  • Waste Management & Recycling

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Oil & Gas Fittings Market Share Projected to Hit USD 1,675.4 Million by 2029, Registering 3.4% CAGR Growth | FMI Study

According to FMI’s comprehensive analysis, the oil & gas fittings market is poised for a robust growth trajectory, with a projected valuation of USD 1,675.4 million by the year 2029, boasting a consistent Compound Annual Growth Rate (CAGR) of 3.4% from 2022.

FMI’s in-depth study delves into the dynamic evolution of the oil & gas fittings market, underpinned by meticulous half-yearly comparisons. A significant driver of this anticipated growth is the notable surge in tender and contract awards for pipeline projects, particularly evident in emerging economies. This surge in demand aligns with the proliferation of new pipelines connecting countries across regions including China, India, the Middle East, and the ASEAN region.

These strategic infrastructure initiatives play a pivotal role in bolstering regional connectivity and facilitating the efficient transportation of oil and gas resources. Consequently, the demand for diverse oil and gas fittings is expected to witness a steady rise in the forthcoming years.

The global oil and gas fittings market is set to receive a significant boost from the expansion of transcontinental pipelines, paralleled by the increasing consumption linked with GDP growth. This trend will lead to a surge in sales, driven by the growing opportunities in India for the procurement and bidding of new and replacement oil and gas fittings.

However, existing manufacturers are encountering a challenge posed by energy suppliers who are vertically integrating into the production of oil and gas fittings. This integration enables them to offer similar products at lower costs, resulting in intense competitive pressures within local markets and reduced profitability throughout the value chain. Such a practice adoption is detrimental to the overall market growth.

East Asia Region Projected to Witness Bolstering Growth:

The East Asia region is poised for robust growth in the global oil and gas fittings market. While North America is expected to maintain a significant market share due to upcoming installation projects for oil and gas fittings, the East Asia market, particularly led by China, is projected to experience substantial expansion during the forecast period from 2019 to 2029.

China’s prominence in this growth can be attributed to its rapid increase in onshore drilling endeavors and the proliferation of oil and gas pipeline projects. Furthermore, Africa emerges as a promising avenue for oil and gas fittings manufacturers to secure new contracts and ventures throughout the forecast timeframe.

The growth of the oil and gas fittings market is not only influenced by regional dynamics but also by macroeconomic factors such as crude oil and natural gas production and consumption. Key countries’ oil and gas production data, the rise in new oil and gas pipeline projects, and contracts related to pipes, valves, and fittings (PVC) also contribute to the positive trajectory of the market.

Competitive Landscape:

Over the past few years, an increment in the number of acquisitions and expansion activities has been witnessed in the Oil and Gas Fittings market. Several key players are focusing on improving the product performance parameters for various applications. The emergence of various manufacturers had also been witnessed in global businesses, especially in India, the USA, and China.

Read More! https://www.globenewswire.com/news-release/2022/01/18/2368788/0/en/Oil-and-Gas-Fittings-Market-is-reaching-a-valuation-of-US-1-675-4-Million-by-2029-Comprehensive-Research-Report-by-FMI.html

Key Players:

  • Anvil International
  • AVK UK Ltd
  • B.O.P Products LLC.
  • Bonney Forge Corporation
  • FitTech Industries Pvt. Ltd.
  • Gelbach UK Ltd
  • Grupo Cuñado
  • Guezco Manufacturing Inc.
  • Hy-Lok USA, Inc.
  • ICARUS SA
  • JVS Engineers, among others.

Key Segments Covered:

By Product Type:

  • Tees
    • Studded Tees
    • Flow Tees
  • Flanges
    • Blind/Test
    • Companion
    • Weld Neck
  • Adapters
    • Bottom Hole Test Adaptors
    • Double Studded Adapters
  • Male Pins
  • Studded Crosses

By Working Pressure:

  • Less than 1000 psi
  • 1000 – 2000 psi
  • 2000 – 3000 psi
  • 3000 – 4000 psi
  • 4000 – 5000 psi
  • Above 5000 psi

By Operation:

  • Upstream
  • Midstream
  • Downstream

By Material Type:

  • Carbon Steel
  • Stainless Steel
  • Alloy Steel
  • Fiberglass
  • Composite
  • Others

By Application:

  • Onshore
  • Offshore

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Diamond Core Drilling Market Share Estimated to Surpass USD 3.7 Billion by 2033, Growing at 6.3% CAGR | FMI Analysis

The global diamond core drilling market was valued at USD 2 billion in 2023 according to Future Market Insights, Inc., is poised for substantial growth, aiming to surpass USD 3.7 billion by 2033, supported by a robust Compound Annual Growth Rate (CAGR) of 6.3%. This growth is attributed to various significant factors, prominently fueled by the expansion of the global population.

The increasing global population has led to a heightened demand for housing, infrastructure, and commercial spaces, consequently driving up construction activities worldwide. Many nations are undertaking ambitious infrastructure projects to accommodate their expanding populations, providing a substantial boost to the diamond core drilling market. Simultaneously, urbanization is playing a crucial role, further propelling this growth as individuals migrate from rural to urban areas in search of better opportunities, thereby increasing the need for intensified building and urban development. The trajectory of this market is distinctly characterized by its alignment with the evolving demands of a rapidly growing global population.

Key Takeaways from FMI’s Diamond Core Drilling Market Study:

  • In terms of end-use, the construction industry will hold a majority of the share however increasing mineral production rate across the globe will increase the application of diamond core drilling in the mining industry
  • Due to stringent safety protocol and increasing fatalities in mining industries, adoption of rig-operated drilling machines is increasing, boosting segment growth
  • Based on drilling technique, stitch drilling is expected to account for lion’s share in the global diamond core drilling market
  • Germany is expected to be one of the most lucrative markets owing to the presence of leading companies
  • India is expected to witness lucrative growth opportunities backed by rising application in the mining and construction industry
  • China will lead the East Asia’s diamond core drilling market owing to the favourable government initiatives to increase the adoption of automated drilling machines

Competitive Landscape:

Dominance of top five players has left the market consolidated, creating an entry barrier for new players in global diamond core-drilling market. Adoption of inorganic growth strategies to gain exposure in the overseas territories is one of the major factor expected to create growth opportunities.

Future Market Insights identifies Hilti Corporation, Epiroc AB, Bogart Long year, Robert Bosch, and Husqvarna AB among the top 5 players in the diamond core drilling market. The contribution of these top 5 players in global market revenue, collectively, is estimated to be around 13.6%.

Read More! https://www.globenewswire.com/en/news-release/2019/09/11/1914063/34408/en/Diamond-Core-Drilling-Market-is-estimated-to-grow-at-a-CAGR-of-6-during-the-forecast-period-of-2019-to-2029-Future-Market-Insights.html

Recent Developments:

Key manufacturers are focusing on technological advancement and product customization which is expected to expand their regional footprints in the industry, spurring sales.

For instance, Barsele Minerals Corporation, on 7th June 2021, announced the resumption of diamond drilling activities which included drilling for 3,000 meters to test orogenic gold and volcanogenic massive sulphides. The drilling exploration program is operated through a joint venture with Agnico Eagle Mines Limited.

The company also announced the acquisition of Agnico Eagle’s indirect 55% interest in the Barsele Project and upon completion of the drilling project, the company will take over Agnico Eagle Mines Limited, consolidating 100% control.

Also, in June 2021, another manufacturer, Tectonic Metals Inc. announced the company’s exploration plans, anchored by two oriented diamond drilling campaigns, Tibbs Gold Project and Seventymile Gold Project in Alaska. The company is using rotary air blast drilling to carry out the exploration program.

Diamond Core Drilling Market Segmentation:

By Operation Type:

  • Hand Held,
  • Rig Operated

By Drilling Technique:

  • Stitch Drilling,
  • Underwater Diamond Drilling,
  • Surface Drilling,
  • Underground Drilling

By Drilling Type:

  • Rotary Drilling,
  • Wireline Drilling

By End Use:

  • Construction Industry,
  • Mining Industry (Open Pit Mines, Closed Pit Mines)

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Electric Switches Market for 2023 to 2033: Surge in Smart Infrastructure Driving Growth

The global electric switches market demonstrated robust performance in 2022, reaching a valuation of USD 11.3 billion. This momentum is expected to continue as sales for 2023 are projected to total USD 12.4 billion. Over the next decade, the market is poised to grow at an impressive 8.1% CAGR, ultimately reaching a revenue of USD 26.8 billion by 2033. This growth is fueled by the increasing adoption of smart infrastructure and energy-efficient technologies across residential, commercial, and industrial sectors.

Picture background

Key Takeaways from the Market Study

  • The electric switches market size is projected to grow from USD 12.4 billion in 2023 to USD 26.8 billion by 2033, exhibiting a CAGR of 8.1%.
  • The residential segment accounts for a significant share due to the rising demand for modern electrical fittings.
  • Asia-Pacific is expected to dominate the market, with substantial contributions from countries like China and India.
  • The advent of IoT-enabled and wireless switches is propelling technological advancements in the sector.

Drivers and Opportunities

The growth of the electric switches market is driven by:

  1. Smart City Initiatives: The rapid adoption of smart infrastructure projects globally is increasing the demand for intelligent electric switches.
  2. Energy Efficiency Mandates: Governments are encouraging the use of energy-efficient switches to reduce electricity consumption.
  3. Technological Advancements: Integration of Internet of Things (IoT) and automation systems in modern switches is creating lucrative opportunities for manufacturers.
  4. Urbanization and Infrastructure Development: Rising construction activities in urban areas are further fueling market expansion.

Component Insights

The market is segmented into mechanical switches and smart switches. Smart switches are anticipated to witness the highest growth due to their energy efficiency and compatibility with home automation systems.

Application Insights

  • Residential: Dominates the market owing to increased housing projects and renovation activities.
  • Commercial: Growth is driven by modern office spaces and retail outlets emphasizing smart electrical systems.
  • Industrial: Demand is rising for switches with robust designs tailored for heavy machinery and high-voltage applications.

Deployment Insights

  • Wired Electric Switches: Traditional switches remain widely used in cost-sensitive applications.
  • Wireless Electric Switches: Gaining traction due to their ease of installation and integration with smart ecosystems.

Key Companies & Market Share Insights

Major players in the electric switches market include:

  • Schneider Electric
  • Siemens AG
  • Legrand
  • ABB Ltd.
  • Havells India Ltd.
  • Panasonic Corporation

These companies are actively investing in R&D to launch innovative products and enhance their global footprint.

Recent Developments

  1. January 2023: Schneider Electric introduced a new range of IoT-enabled switches designed for seamless integration with smart home systems.
  2. May 2023: Legrand expanded its product portfolio by launching touch-sensitive switches targeting luxury residential projects.
  3. September 2023: ABB Ltd. partnered with a global tech firm to enhance the wireless capabilities of their switches.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Shipping Tapes Market Set to Reach USD 27.6 Billion by 2032, Driven by Rising Demand for E-Commerce and Sustainable Packaging Solutions

Shipping Tapes Market

The global shipping tapes market is poised for significant growth, with an estimated value of USD 18.1 billion in 2022. The market is projected to expand at a compound annual growth rate (CAGR) of 4.3% through the forecast period, reaching a total valuation of USD 27.6 billion by 2032. Shipping tapes currently represent nearly 24% of the global tapes market, which is expected to be valued at USD 74.8 billion in 2022, according to the latest research from Future Market Insights (FMI).

E-Commerce Sector Fuels Demand for Secure Packaging Solutions

The rapid expansion of the e-commerce sector, alongside increasing online shopping activities worldwide, is a key driver for the shipping tapes market. As online retailers and consumers prioritize secure packaging, the demand for clear and robust shipping tapes is expected to soar. These tapes ensure the protection of goods throughout the entire supply chain, particularly during long-distance transportation.

Growing Importance of Package Security

Security is another vital factor propelling the market forward. Shipping tapes play a crucial role in safeguarding packages of all sizes during international and domestic shipping. Their strong adhesives prevent wear and tear, ensuring products arrive in pristine condition. Additionally, manufacturers utilize shipping tapes to prevent moisture and unwanted air from entering packages, minimizing the risk of spoilage.

Customization Trend Enhances Brand Recognition and Customer Experience

The growing trend of customization in shipping tapes presents exciting opportunities for market growth. Customized tapes not only enhance brand recognition but also demonstrate a company’s commitment to detail. They can be used to convey important information like safety warnings and handling instructions directly on the packaging. Furthermore, customized tapes can encourage customer interaction by incorporating contact details such as phone numbers, email addresses, and website URLs. The development of innovative designs and materials further broadens the appeal of customized tapes, leading to a superior unboxing experience and fostering a stronger emotional connection between brands and customers.

Looking Ahead

The confluence of the e-commerce boom and the rising demand for customization is set to propel the global shipping tapes market in the coming decade. This trend presents a significant opportunity for manufacturers and suppliers to develop innovative solutions that cater to the evolving needs of the e-commerce sector and enhance the overall customer experience.

Security-Driven Packaging Trends in Pharmaceutical and Food Industries to Drive the Shipping Tapes Industry

Counterfeiting and low shelf life of products are two major concerns of end users, especially during long distance transits. To ensure safe deliveries, it is essential to adopt secure packaging solutions. Fluctuation in temperature and harsh environmental conditions can contaminate the product. Thus, the need to seal containers is important, which is further encouraging manufacturers to use shipping tapes for sealing their packages.

Pharmaceutical shipments require secure tertiary packaging to ensure that the products arrive undamaged. Many lives are dependent on the packaging that protects drugs during their shipment.

Security in packaging is critical for the pharmaceutical sector. If the shipment does not go as planned, it can harm the patient’s health as pharma products must arrive within the required storage conditions and at the right time. Shipping tapes help in safeguarding the outer packaging and maintaining the integrity of the package, which would drive the market..

Key Takeaways: 

  • As per end use, the e-commerce segment is expected to generate a shipping tapes industry share of 24% by 2032 with rising preference among people for online shopping.
  • Sales of acrylic adhesives are expected to increase 1.5x the current sales owing to their low cost and wide accessibility in end-use industries.
  • South Asia & East Asia are set to be the biggest markets for shipping tapes due to increased shopping through e-commerce platforms.

Access Full Report: https://www.futuremarketinsights.com/reports/shipping-tapes-market
Outlook by Category

By Adhesive Type:

  • Natural Rubber
  • Acrylic
  • Others (Hot Melt, Water-Activated Tape, etc.)

By Backing Material:

  • Paper
  • Plastic
  • Others (Metal Foil, Glass Fiber, etc.)

By End Use:

  • Food & Beverages
  • Pharmaceuticals
  • Building & Construction
  • E-Commerce
  • Cosmetics & Personal Care
  • Electrical & Electronics
  • Shipping & Logistics
  • Others (Textile, Agriculture, etc.)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube