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Functional Water Enhances the Immune System, Improves Mood, and Increases Energy Levels in the Body, FMI Records a CAGR of 6.2% by 2033

The functional water market is anticipated to expand from US$ 15,234.39 million in 2023 to US$ 27,281.72 million in 2033.

Increased Consumption by Health-conscious Population to Drive Functional Water Market Growth

The rise in demand for functional water due to its sustainability, rising consumer awareness of plastics as non-biodegradable pollutants harming the environment, and technological developments in the product packaging are the primary factors driving the functional water market.

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The increasing demand for functional foods, the popularity of a holistic mix of health and taste among millennials, and the growing demand for functional water due to the inclusion of essential ingredients such as amino acids, vitamins, minerals, and protein all contribute to the growth of the functional water market. Moreover, the adoption of severe plastic-use rules, public preference for functional water due to packaging utilized by several leading companies, and rising consumer demand for fortified food and beverages all have an impact on the functional water industry.

Government initiatives, a growing population of diabetes and obese patients, increased investment in research and development activities, and a rise in disposable income are the factors which have a beneficial impact on the functional water industry. Furthermore, technical advances, new product launches, and packaging material product innovations provide profitable chances to functional water market players during the projection period.

Key Takeaways

The functional water market is expected to capture a CAGR of 6.2% during the forecast period 2023 to 2033.
Growing popularity of functional water among the working class and millennial population, as well as creative product advancements, are likely to improve and accelerate the market growth over the projection period.
North America dominated the functional water market.

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Key Developments

October 2022 – CENTR Brands Corporation announced the addition of CENTR Enhanced, a non-CBD functional sparkling water, to its growing array of health and wellness products.
July 2022 – As a part of Flow Beverage Corp.’s most recent product launch, the Flow Vitamin-Infused Water range of products was offered to consumers in three new organic flavors: Cherry, Citrus, and Elderberry.
March 2022 – Nirvana Water Sciences Corp. introduced their Nirvana HMB + Vitamin D3 spring water as part of Expo West in Anaheim, California. Nirvana HMB + Vitamin D3 is one of the most recent additions to the repertoire. It provides both muscular rehabilitation and immunological support.
May 2021 – PepsiCo Inc., a renowned worldwide food and beverage business, introduced Soul boost, improved sparkling water produced with beneficial additives. The drink comes in two flavors: Lift and Ease. The Lift has 200 mg of ginseng, which aids in mental stamina, and Ease contains 200 mg of theanine, which aids in relaxation.
March 2021 – Nestlé S.A. announced the acquisition of Essentia Water, a premium functional water brand located in Washington. The company’s portfolio is being expanded to include international mineral and premium water brands, as well as healthy hydration products such as functional water.

Key Segments Profiled in the Market

By Type:

Vitamin
Protein
Others

By Distribution Channel:

Specialty Stores
Supermarket/Hypermarket
Online Stores
Others

By Region:

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

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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.

Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Flexible Insulation Market: Projected to Reach US$ 17.2 Billion by 2034, with a CAGR of 5.6%

The global flexible insulation market is anticipated to reach a valuation of US$ 10.0 Billion in 2024, driven by collaborative research and development. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.6% between 2024 and 2034, and reaching a total valuation of approximately US$ 17.2 Billion by 2034.

Growing emphasis on sustainability and environmental stewardship drives the shift towards renewable and bio based insulation materials derived from natural sources such as recycled fibers, cellulose, hemp, and wool. Bio based insulation products offer renewable alternatives to conventional materials and reduce the environmental footprint of insulation systems.

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Stringent building codes and regulations mandating minimum thermal insulation requirements in residential, commercial, and industrial structures drive the demand for flexible insulation materials. Compliance with energy efficiency standards, fire safety codes, and environmental regulations necessitates the use of high performance insulation products in construction projects.

Increasing globalization and trade liberalization facilitate the exchange of flexible insulation products, raw materials, and technologies across international borders. Free trade agreements, tariff reductions, and market liberalization policies create opportunities for manufacturers to expand their market reach, access new customers, and establish strategic partnerships in global markets.

Convergence of technologies from diverse disciplines such as materials science, nanotechnology, and digital manufacturing enables the development of innovative flexible insulation materials with advanced properties and functionalities. Integration of nanomaterials, phase change materials, and aerogels enhances the thermal performance, durability, and sustainability of insulation products.

Adoption of digitalization, automation, and Industry 4.0 technologies in manufacturing processes enhances production efficiency, quality control, and supply chain management in the flexible insulation industry. Digital design tools, simulation software, robotics, and additive manufacturing techniques optimize product development, customization, and mass production of insulation materials.

Key Takeaways from the Market Study

Global flexible insulation market was valued at US$ 9.4 Billion in 2023.
From 2019 to 2023, the market demand expanded at a CAGR of 6.5%.
The market in Japan is expected to expand at a CAGR of 6.9% through 2034.
By material, the aerogel segment to account for a CAGR of 5.2% through 2034.
The market in the United Kingdom is expected to expand at a CAGR of 6.8% through 2034.
In terms of type, the acoustic insulation segment to account for a market share of 5.1% in 2024.

“Adoption of Building Information Modeling software and prefabrication techniques streamlines the design, construction, and installation of flexible insulation systems in building projects. BIM enabled collaboration, prefabricated insulation panels, and modular construction methods accelerate project timelines, minimize on site labor costs, and improve installation accuracy,”– says FMI analyst.

Competitive Landscape

Prominent players in the flexible insulation market are Armacell, BASF SE, ContiTech AG, Fletcher Insulation, Johns Manville, Kingspan Group, Owens Corning, Saint-Gobain, Superlon, and Thermaxx Jackets, among others.

Company Portfolio

Johns Manville is known for its comprehensive portfolio of insulation products, including flexible insulation materials for HVAC, appliances, and industrial applications. The company emphasizes product quality, reliability, and customer support, catering to the needs of diverse market segments.
Knauf Insulation is a global manufacturer of insulation materials, including flexible insulation products made from recycled content and natural fibers. The company emphasizes energy efficiency, product innovation, and sustainability, serving residential, commercial, and industrial markets worldwide.

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Segmentation Analysis of the Flexible Insulation Market

By Material:

Aerogel
Cross Linked Polyethylene
Elastomer
Fiberglass
Others

By Type:

Acoustic Insulation
Electrical Insulation
Thermal Insulation

By Region:

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

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Green Clean: Bio-Based Detergent Enzymes Market to Surge to US$ 11.66 Billion by 2032 with 7.4% CAGR, Fueled by Eco-Friendly Trend

In 2022, the global bio based detergent enzymes market is estimated at US$ 5710 Million. The market is likely to reach nearly US$ 11659.4 Million by 2032, with a growing CAGR of 7.4% from 2022 to 2032.

The demand for bio based detergent enzymes is steadily growing owing to the shifting trend of replacing chemically obtained detergents with eco-friendly detergents will be a primary factor responsible for the growth of the market.

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Green & Clean to Remain the Key USP for Detergents

The global Bio based detergent enzymes market is predicted to experience robust growth over the forecast period. Growing consumer awareness pertaining to the harmful effects of chemical-based detergents and increasing environmental regulations are some of the primary factors driving the consumption of Bio derived enzymes in manufacturing detergents.
Other factors include decreased energy consumption, biodegradability, eco-friendly by-products, reduced greenhouse gas emissions, and reduced use of non-renewable sources and chemicals in the environment.
The growing use of biodegradable detergents is the crucial trend in the market for Bio based detergent enzymes, as these detergents degrade quickly and without effort and do not emit harmful toxins.
The growing prevalence of greener detergents in developing and developed economies has spurred the demand for bio-based detergent enzymes.

Consumers in North America are Getting More Inclined towards Eco-friendly Detergents

North America bio based detergent enzymes market is significantly growing and is accountable for 33.2% market share globally, owing to increasing consumer awareness about the benefits of eco-friendly detergents. Consumers are also being conscious of the ill effects related to the use of harmful chemicals; such factors are fueling the growth of the market in this region.

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The demand for bio-based detergent enzymes is more from the development of biotechnological and pharmaceutical industries. Additionally, countries like the United States have the biggest Bio based detergent enzymes market. The manufacturers are aiming additionally to manufacture bio enzymes with additional stability in higher temperatures and more efficiency at lower temperatures and steady at alkaline solutions.

Key Segments of the Bio based detergent enzymes Market

By Enzyme Types:

Proteases
Amylases
Lipases
Cellulases
Peroxidases
Pullulanase

By Application:

Textile
Medical
Agriculture
Industrial Applications
Household
Food & Beverage
Dairy
Others

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Greece Tourism Industry: Speculated CAGR of 8.1% Signals Sustained Growth Over Forecast Period

As per a recent forecast by Future Market Insights, the Greece Tourism industry is projected to achieve a valuation of US$ 310.9 million by 2024. Subsequent forecasts indicate a rise to US$ 677.6 million by 2034, demonstrating a consistent growth trajectory. Speculated at a CAGR of 8.1% over the forecast period, this suggests sustained and steady growth within the industry.

The country’s popularity as a global heritage site, rich culture, and magnificent views further aid the growth of the Greece tourism market during the forecast period.

Greece, popular for its green valleys and lush forests, is a famous tourist destination. Apart from the magnificent view, the country is also famous as a heritage site and for its rich culture. Greece also has excellent nightlife and all of these considerations, along with its beautiful mountains and exotic beaches, attract travelers from all over the world.

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Greek tourism, thus, caters to both: those who want to experience a quiet time on the beaches and those who want to enjoy an active party lifestyle. Many tourists also want to experience the feel of an exotic European location. These attributes strive to create a thriving environment for tourism in Greece.

The country’s cultural and traditional aspect also contributes to a prosperous tourism market. Its cultural richness is displayed through its rural environment and its uniqueness also entices travelers. Moreover, its rich history is quite appealing to historians, associated enthusiasts, and amateurs. The recent development of different sectors of Greece’s economy also bolsters its tourism revenue and is anticipated to continue this trend. Further, the diverse delicacies and cuisines in the country attract a significant number of culinary aficionados.

Beginning with the popular Moussaka to traditional meatballs, the culinary specialties of Greece also present its culture and local cuisines in a very appealing manner to tourists from all over the world. Additionally, other tourism activities like medical tourism, destination tourism, religious tourism, ecotourism, and others continue to attract huge amounts of tourists to the country. All of these factors will stimulate the Greece tourism market during the forecast period.

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Key Takeaways:

Rich history supported by young enthusiasts is expected to spur the demand for the Greece tourism market during the assessment period.
A dearth of tourism infrastructure may hamper the growth prospects for Greece’s tourism market.
In terms of age group, the 36 to 45 category will likely account for a considerable share of 29.5% of Greece tourism.
Based on tour type, independent travelers will hold about 30.8% share in Greece tourism as a result of greater penetration of the internet and advancements in technology.
Online booking channels will also make a substantial contribution to the overall market growth as it is convenient and expedite the booking process.

Competitive Landscape

Leading market players are focusing on employing strategies that will assist with attracting particular demographic consumers. A few of these market participants offer discounts on tour packages and in-advance reservations. These businesses also employ various growth strategies to retain a competitive edge.

More Insights into Greece Tourism Market

In its latest report, FMI offers an unbiased analysis of the global Greece tourism market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of age (under 18, 18 to 25, 26 to 35, 36 to 45, 46 to 55, over 55), visit purpose (business and professional, leisure, recreation, and holidays, healthcare, religious travel, others), demographic (male, female, kid), nationality (domestic, international), tour type (corporate, family, couples, youth groups, single tourists), tourism type (religious tourism, cultural/ heritage tourism, medical tourism, others) and region.

According to the latest FMI reports, based on segmentation, the 36 to 45 age group is anticipated to dominate the global marketplace. With a market share of 29.5%, this segment comprises primarily of the working-class population and has the ability to take foreign tours. The 36 to 45 age group will be closely followed by the 46 to 55 segment. In terms of tour type, single tourists or young couples with access to the internet and advancing technology will lead the market growth.

In short, the popularity of Greece as a historically rich, heritage site with diverse cuisine and beautiful vistas will propel the Greece tourism market forward during the forecast period.

Greece Tourism Market by Category

By Age:

Under 18
18-25
26-35
36-45
46-55
Over 55

By Visit Purpose:

Business & Professional
Leisure, Recreation & Holidays
Healthcare
Religious Travel
Other

By Demographic:

Male
Female
Kid

By Nationality:

Domestic
International

By Tour Type:

Corporate
Family
Couples
Youth Groups
Single Tourists

By Tourism Type:

Religious Tourism
Cultural/Heritage Tourism
Medical Tourism
Others

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Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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From Pasta’s Pantry to Palatable Perfection: FMI Foresees 4.7% CAGR Unleashing the Full Flavors of Canned Pasta Market Through 2033

The market for canned pasta is expected to achieve a spectacular valuation of US$ 1,993 million by 2033 and is now on a tasty trend. The market is driven by the rising demand for convenient and ready-to-eat food products, which is expected to rise at a steady compound annual growth rate (CAGR) of 4.7% between 2023 and 2033.

Consumers are looking for hassle-free meal alternatives that don’t sacrifice flavor as busy lifestyles become the norm. The industry is also growing as a result of consumers’ increased knowledge of the importance of making healthy decisions and rising disposable incomes in developing nations. The tinned pasta sector is poised to dominate consumer tastes as the world embraces the union of convenience and mouthwatering flavors.

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Key Takeaways

With a sizeable market share of 26.5%, the United States commands a hefty portion of the canned pasta market. This can be ascribed to customers’ busy lifestyles and preferences for quick and easy dinner options.
Germany has a substantial market share of 7.9%, demonstrating the country’s favorable demand for canned pasta. Changes in nutritional preferences and the demand for quick-meal options on the go are probably the main drivers of the German market.
With a 4.0% market share, Japan demonstrates how consumers are coming around to canned pasta. The growing Western culinary influence and the popularity of convenience foods in the Japanese market explain this.
The 1.9% market share for Australia indicates a sporadic presence of canned pasta. But the market is anticipated to rise because of things like escalating urbanization, hectic lifestyles, and the demand for quick meals.
China and India have market shares of 11.9% and 6.3%, respectively, both have considerable market potential. The demand for quick food options like canned spaghetti is projected to expand considerably as these economies continue to face rapid urbanization and a change in consumer preferences.
With a 5.6% market share, the United Kingdom is a significant market for canned pasta products. Things like the demand for quick dinner options and the growing recognition of pasta as a versatile food in British cooking explain this.

Competitive Landscape

The market for canned pasta is characterized by intense competition, with many significant companies vying for market share while maintaining strong brand recognition and sizable distribution networks. To captivate customers’ interest and earn their loyalty, these businesses work tirelessly to create and sell their goods in a compelling way.

The industry does, however, also present a number of difficulties, including the high cost of marketing efforts, the accessibility of alternatives like fresh or frozen pasta, and the constantly changing preferences of consumers. Although businesses must negotiate the fierce competition to secure their position and draw in discriminating consumers looking for quick and delectable meal options, the canned pasta market is still profitable despite these obstacles.

Barilla

Barilla is the world’s top pasta producer with a well-known brand in more than 100 countries. The business sells a variety of canned pasta products, such as plain pasta, pasta with flavors, and pasta salad.

Kraft Heinz

Kraft Heinz is a significant food and beverage corporation with a wide range of canned pasta brands, including Classico, Bertolli, and Contadina. Among the canned pasta goods available from the company are sauces, soups, and side dishes.

Nestle

Buitoni, Stouffer’s, and Lean Cuisine are just a few of the many canned pasta brands produced by the multinational food and beverage business Nestle. Among the canned pasta goods available from the company are sauces, soups, and meals.

General Mills

Progresso, Green Giant, and Old El Paso are just a few of the well-known canned pasta brands owned by General Mills, a significant food corporation. Among the canned pasta goods available from the company are sauces, soups, and side dishes.

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Key Developments

The demand for healthier canned pasta options has increased as a result of rising health consciousness among consumers. To appeal to consumers who are health-conscious, businesses are actively creating products with fewer calories, fat, and sodium. This is boosting market growth and expanding product portfolios.
Manufacturers of canned pasta are becoming more prevalent in online markets in an effort to reach a larger consumer base and improve accessibility. The popularity of internet shopping among customers for the purchase of canned pasta products has fueled industry expansion and created new channels for distribution.

Key Companies Profiled are

KIRIL MISCHEFF Group
Pasta Foods Ltd.
Primo Foods
General Mills Inc.
Conagra Brands
Campbell Soup Company
Grown Food LLC
Julia’s Farm
Others

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Canned Pasta Market Outlook by Category

By Product Type:

Spaghetti
Fettuccine/Linguine
Angel Hair
Elbows
Rotini & Twists
Penne & Ziti
Bow Ties
Others

By Source:

Wheat
Rice
Buckwheat
Oats
Others

By Distribution Channel:

Hypermarkets/Supermarkets
Convenience Stores
Departmental Stores
Traditional Grocery Stores
Online Retail Stores
Others

By Region:

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

About Future Market Insights (FMI)

Contact FMI:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Elastomeric Membrane Market Forecast: Reaching US$ 98 Billion by 2034, with a CAGR of 7.1%

The elastomeric membrane market had an estimated market size of US$ 45.9 billion in 2023 and is expected to reach a global market size of US$ 98 billion by 2034, increasing at a CAGR of 7.1% between 2024 and 2034. By 2024, the market for elastomeric membranes is likely to reach a valuation of US$ 49.6 billion.

Global building projects are seeing an increasing need for waterproofing solutions, which is propelling the elastomeric membrane market. Elastomeric membranes offer efficient waterproofing, preventing water damage and prolonging the life of roofs, foundations, and other structures. This need is most noticeable in areas that frequently experience floods and torrential rains.

The market for elastomeric membranes has an opportunity since green construction techniques are becoming more and more popular. In addition to their energy- and environmentally-friendly characteristics, elastomeric membranes are ideally suited to fulfill the criteria for green building certifications like LEED, offering manufacturers a substantial chance to focus on construction projects that prioritize environmental sustainability.

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Key Takeaways from the Market Analysis

The global demand for elastomeric membrane services reached US$ 33 billion in 2019.
It is expected that the sheet elastomeric membrane would attain a 7% CAGR through 2034.
It is projected that elastomeric membrane will be highly used for roofs and walls and gain a 52.1% market share in 2024.
The market in the United States is anticipated to rise through 2034 at a 7.1% CAGR.
It is projected that the elastomeric membrane ecosystem in the United Kingdom will evolve at an 8% CAGR between 2024 and 2034.

“The elastomeric membrane market is expanding due to a growing focus on sustainable building methods, such as the use of environmentally and energy-efficient materials. These membranes support sustainable construction practices and provide longevity and weather resistance,” – says FMI analyst.

Competitive Landscape

Leading companies in the global elastomeric membrane market are continually pursuing research and development to bring innovative materials and production methods to market. In order to fulfill changing consumer needs and strict regulatory requirements, they concentrate on improving product performance, durability, and sustainability.

Strategic alliances and joint ventures are also sought for in order to broaden market penetration and seize new possibilities. In addition, marketing and distribution channel expenditures are made to bolster brand recognition and successfully enter a variety of end-user markets, including healthcare, automotive, and construction.

Startups in the global market are emphasizing disruptive ideas, agility, and customer-centric methods. To stand out from the competition and obtain a competitive advantage over well-established competitors across a range of sectors, they seek to deliver innovative solutions, take advantage of developing technology, and target specialized market segments.

The key players in this market include:

BASF SE
Carlisle Companies Inc.
Copernit S.P.A.
Firestone Building Products Company
GCP Applied Technologies Inc.
Johns Manville
Kemper System
Paul Bauder GmbH & Co. Kg
Soprema Group
Standard Industries Inc.

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Key Developments

In 2023, BASF and Oriental Yuhong, China’s largest producer of Thermoplastic Polyolefin (TPO) roofing membranes, are collaborating to create solar roofing membranes for buildings. The goal of the latest project is to supply rooftop solar panels, a need that is expanding quickly in China.
The performance of TPO roofing membranes in terms of waterproofing has become crucial as the nation’s solar PV installations have reached a record high of 51 gigawatts, with roofs accounting for more than one-third of the installed capacity in 2022.

Key Segments Profiled in the Elastomeric Membrane Market

By Type:

Sheet
Liquid Applied

By Application:

Roofs & Walls
Underground Construction
Wet Areas
Others

By Region:

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

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Enhancing Packaging Functionality: The Rise of Packaging Additives Market, Projected to Reach at a US$ 900 Million by 2033 | FMI

In the realm of packaging additives play a crucial role in elevating product quality and longevity. With advancements in technology and consumer demands evolving, the development of new additives has become paramount. These additives are tailored to enhance specific functionalities such as anti-fogging, anti-microbial properties, and improved barrier properties for better product preservation.

As the demand for longer shelf life and enhanced product quality continues to grow, manufacturers are investing in research and development to create additives that address these evolving needs. Anti-fogging agents, for instance, prevent condensation on packaging surfaces, ensuring visibility and attractiveness of the product to consumers.

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Meanwhile, anti-microbial additives help maintain product freshness by inhibiting the growth of harmful microorganisms, extending shelf life and reducing food waste. Antimicrobial agents are dominating the packaging industry with a 33.7% market share, set to grow further in 2023. With a focus on consumer health, their demand is skyrocketing, making them indispensable for maintaining product quality and safety.

Moreover, improved barrier properties provided by advanced additives offer better protection against external factors such as moisture, oxygen, and UV radiation, safeguarding the integrity and quality of the packaged goods

Regional Analysis:

The Asia Pacific region (APAC) is expected to remain the largest market due to the high concentration of packaging additive producers in countries like China, Japan, and India.

China: China is one of the most significant manufacturing hubs in the Asian region, if not the world. The nation is well known for its manufacturing industry and is a very lucrative market for all plastic products and packaging products. It is expected to Grow at a 4.4% of CAGR by 2033.

India: India’s vast population positions it as a crucial consumer market globally, driving high demand for packaging solutions. It is expected to Grow at a 5.3% of CAGR by 2033.

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The government’s supportive policies create an attractive environment for packaging additive suppliers, leveraging the nation’s developing economy. With key market players in packaging resins, India anticipates increased demand for chemical additives in packaging. Government initiatives further facilitate opportunities for packaging additive suppliers to thrive in India’s growing market.

Japan: In 2022, Japan holds a 3.1% share in the global packaging additives industry, leveraging technological innovations. The market thrives on quality, efficiency, and product differentiation, driven by Japan’s focus. Rising demand for flexible packaging solutions like pouches and films further boosts market growth in the country.

Global Packaging Additives Market Overview:

The global packaging additives market is set to enjoy a valuation of US$ 574.0 million in 2023. The market is predicted to expand at a CAGR of 4.3% and attain a valuation of US$ 900 million by 2033.

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Foundation Repair Services Market Poised to Hit US$ 3,500 Million by 2033, Revealing Growth Opportunities and Industry Trends

The Foundation Repair Services Market is predicted to be valued at US$ 2726.2 Million in 2023 and US$ 3500 Million by 2033. Over the projection period, sales in the foundation repair services market are expected to increase at a CAGR of 2.5%. A promising trend is the integration of advanced technologies in foundation repair services.

Innovations like remote monitoring systems, predictive analytics, and automated repair processes are revolutionizing the industry, leading to more efficient and accurate repairs. These technologies enhance the assessment and diagnosis of foundation issues, enabling proactive measures to prevent severe damage.

There is a growing trend toward preventive foundation maintenance. Property owners are recognizing the value of regular inspections and early intervention to address potential issues before they escalate into costly repairs. This trend presents opportunities for service providers to offer preventive maintenance plans and long-term contracts. The market is witnessing an increasing focus on customized and personalized solutions.

Every foundation is unique and tailored approaches that consider specific soil conditions, structural requirements, and customer preferences are gaining traction.

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This trend allows for more precise and effective repairs, catering to the diverse needs of clients. The growing construction industry and the demand for infrastructure development present vast opportunities for foundation repair services. As new buildings and structures are erected, the need for reliable foundation repair and maintenance services becomes paramount.

Key Takeaways from the Market

As per FMI, the United States is spearheading the growth across North America, with a CAGR of 1.9% during the forecast period.
As per Future Market Insights, the wall repair segment expected to dominate the service type with a market share of 2.5%.
As per FMI, the residential segment is poised to expand at over 2.7% CAGR in 2022.

“The foundation repair services market is experiencing notable expansion as a result of a growing recognition of the importance of maintaining structural stability. Key factors include technological advancements, expanding construction sector, and rising demand for long-term solutions.

How Key Players Are Revolutionizing the Foundation Repair Services Market?

Key players in the foundation repair services market are spearheading a revolution in the industry through various strategies and innovations. They are leveraging advanced technologies and equipment to enhance the accuracy and efficiency of foundation repair processes. This includes the use of laser leveling systems, soil stabilization techniques, and advanced underpinning methods.

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Key players are investing in research and development to develop new and improved foundation repair solutions that offer long-lasting results. They are prioritizing customer-centric approaches, focusing on personalized services, transparent communication, and timely project completion. Through these initiatives, key players are transforming the foundation repair services market, delivering superior quality, durability, and customer satisfaction.

Top 10 Companies in Global Foundation Repair Services Market

Basic Foundation Repair
Foundation Repair Services, Inc.
Connecticut Basement Systems
Eric’s Concrete & Masonry Services Ltd.
Dwyer Companies
Supportworks, Inc.
Sos Foundation Repair
Groundwork
Master Service Companies
Ram Jack Systems Distribution

Product Portfolio:

Basic Foundation Repair’s product portfolio includes a comprehensive range of foundation repair solutions, such as helical piers, push piers, slab piers, and wall anchors. With its expertise, the company addresses foundation issues, ensuring structural stability and preserving the integrity of residential and commercial buildings.
As a leading foundation repair company, Foundation Repair Services Inc. offers a diverse portfolio of services, including foundation crack repair, basement waterproofing, crawl space encapsulation, and concrete leveling. The company’s skilled team utilizes advanced techniques and high-quality products to provide reliable solutions for a stable and secure foundation.

Market Segmentation

By Service Type:

Settlement Repair
Wall Repair
Chimney Repair
Floor Slab Repair
Others

By End-User:

Residential
Commercial

By Region:

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

More Insights Available

Future Market Insights offers an unbiased analysis of the foundation repair services market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the foundation repair services market, the report is segmented on the basis of Service Type (Settlement Repair, Wall Repair, Chimney Repair, Floor Slab Repair and Others), End-User (Residential and Commercial), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).

About the Services and Utilities at Future Market Insights

The services and utilities team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

United States Car Wash Services Market Set to Surge, Predicted to Reach US$ 27.89 Billion by 2033

The United States car wash services market is predicted to be worth US$ 16.33 billion in 2023, and rise to US$ 27.89 billion by 2033. Demand is expected to increase at a CAGR of 5.5% over the projected period.

The demand for car wash services in the United States has increased due to the consumers’ increasing attention to vehicle care. Additionally, the continual harm to car bodies from dirt, dust, bird droppings, and salt deposits during the winter months increases the global demand.

Particularly in the last ten years, the adoption of car wash services in the area has skyrocketed. This is explained by increased convenience, a large selection of service bundles, and budget-friendly choices.

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The development of the United States car wash services industry has been facilitated by the introduction of cutting-edge technologies like automated car washes and digital payment methods. Additionally, the proliferation of car wash chains across the nation is fostering industry expansion.
During the forecast period, it is expected that the market participants have considerable development prospects due to the growing investments in the car wash services infrastructure.

Key Takeaways

The United States car wash services market was expanding at a value of US$ 15.28 billion in 2022.
The United States car wash services increased at 3.2% CAGR between 2018 and 2022, citing FMI’s study.
With high demand for car maintenance, the United States car wash services industry is expected to have a worth of US$ 18.7 billion by 2025.
Based on type, the roll-over/in-bay segment is projected to dominate the market with a CAGR of 6.5% by 2033.
Based on mode of payment, the cashless payment segment is projected to dominate the market with a CAGR of 8.6% by 2033.
United States car wash services market growth rate is projected to be about 1.05x between 2022 and 2023.

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Key Players Recent Analysis

Given climate change and water shortages, the car wash services industry’s future is anticipated to be eco-friendly, which entails utilizing very little water. The vehicle wash services in the United States are attracting the interest of multiple technical and equipment manufacturing companies.
The market is defined by the big domestic service providers. Large players are acquiring local companies in order to expand their presence across the country. Market participants are aware of the importance and dominance of local companies in terms of attracting more customers.

Mister Car Wash, Inc. announced the opening of a new location in Oviedo, Florida, in June 2022. Several of Mister’s recognizable products, including HotShine® Carnauba wax, Repel Shield, and Platinum Seal, are included in the Platinum package, which is offered at the new location.
- The new site offers a cutting-edge tunnel experience with Mister’s special cleaning technology.
- Mister Car Wash, Inc. announced in August 2022 that it has acquired Top Wash, a group of three express outdoor facilities in Minnesota’s Anoka, Fridley, and Champlin. The acquisition expanded Mister Car Wash’s reach into the northern suburbs of Minneapolis.
Warburg Pincus acquired El Car Wash in July 2022, one of the quick express car-washing businesses in the United States.

Key Segments

By Type:

Tunnels
Roll-over/In-bay

By Mode of Payment:

Cash Payment
Cashless Payment

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Green Building Materials Market: Anticipated to Surge at 11.2% Growth Rate Throughout Forecast Period Until 2033

The green building materials market is expected to hold a valuation of US$ 334 billion in 2023. The market is expected to record a CAGR of 11.2% during the forecast period. By 2033, the market size is expected to cross the mark of US$ 962 billion.

Leaders worldwide have started taking measures to control carbon emissions. The Japan government announced that Japan would reduce emissions by 46% by 2030 relative to 2013 levels. Likewise, in December 2022, the United States government announced US$ 3.7 billion to start America’s carbon dioxide removal industry.

It is imperative to know that the construction sector is an important cog in the wheel when it comes to reducing emissions. Thus, the application of green building materials, which are meant for no carbon emissions, is expected to assist in this mission of controlling greenhouse gases.

On a product level, green building materials offer numerous benefits. These come with low operating costs and also provide thermal insulation. Their application also improves the air quality. With so much to offer, the demand for green building materials is expected to surge during the forecast period.

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The global construction market is going to cross the valuation of US$ 14.4 trillion by 2030. With surging awareness regarding the benefits of green building materials, the market certainly has bright prospects going ahead.

However, the high initial cost of the green buildings and the split-incentive system are expected to hinder market growth.

Thus, from the insights provided by FMI researchers, it can be concluded that ‘stringent measures to control carbon emissions, the ability to provide thermal insulation, huge construction industry, and several other factors are expected to surge the growth of green building materials market during the forecast period.’

Key Takeaways:

The market is expected to grow at 11.2% between 2023 and 2033.
In 2023, the market value is expected to be US$ 334 billion.
By 2033, the figures might cross US$ 962 billion.
Based on regional analysis, North America is expected to hold the dominant market share.
The United States market is expected to grow at 10.9%.
The United Kingdom market is anticipated to surge at 10.2%.
China market is projected to advance at 10.5%.
Japan market is expected to record a CAGR of 9.6%.
South Korea market is projected to post a CAGR of 8.9%.
Based on type, the structural segment is expected to hold the dominant share and is anticipated to grow at 11%.
Based on application, roofing is anticipated to be the dominant segment and is projected to surge at 10.8%.

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Competitive Landscape

Sustainability happens to be the buzzword for all the manufacturers operating in the green building materials market. The processes operated by the key players are entirely on the lines of sustainability goals. The manufacturers are also acquiring other players to expand their footprints and cater to new markets. The implementation of the latest technologies like Machine Learning is expected to assist in the production of high-quality green building materials. The companies are also reaching out to individuals on a personal level to convey the importance of these materials. To do this on a large scale, the manufacturers are investing massive amounts in marketing activities.

Key Development: In February 2022, DuPont, the United States-based chemical company announced an agreement to divest the majority of its mobility and materials segment to Celanese.

Market Segmentation

By Type:

Structural
Interior
Exterior
Others

By Application:

Framing
Insulation
Roofing
Interior & Exterior Finishing

By End User:

Residential
Commercial offices & Buildings
Institutions

By Region:

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

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani