ESR analyzer Market will be Valued at US$ 80 Mn in 2032 | FMI

The global ESR analyzer market size is anticipated to exhibit growth at a CAGR of 4.8% over the forecast period from 2022 to 2032. Increasing prevalence of blood and infection-related diseases across the globe is set to drive growth.

Overall sales of ESR analyzers are expected to reach US$ 63 Mn in 2022 and be valued at US$ 80 Mn in 2032. Rising application of ESR analyzer to detect non-specific inflammation caused by diabetes, blood diseases, and collagen vascular diseases will propel the growth in the market.

ESR (erythrocyte sedimentation rate) analyzers are extensively used to screen patients with fevers caused by muscle pain, arthritis, and other diseases for accurate and reliable reading. As per the study, advent of automated ESR analyzers for accurate reading is one of the key factors propelling the growth in the market.

As automated ESR analyzers are user friendly and effective for patient identification, healthcare professionals are increasing the adoption for rapid results and closed tube sample testing. Hence, key manufacturers are investing in research and development activities to develop advanced ESR analyzers to cater to the growing demand.

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What are the Key Trends Improving the Demand in the ESR Analyzer Market?

Technological advancements in the healthcare industry across the globe is one of the primary factor boosting the market. Besides this, preference for automated ESR analyzer for accurate and fast results will improve the sales of automated ESR analyzer in the market.

Moreover, development of healthcare infrastructure in countries such as India, China, and the U.S. will improve the adoption of advanced products. This is expected to drive the demand for automated ESR analyzers in the market.

Further, government across the globe are investing increasingly in advanced healthcare testing equipment. Besides this, surging adoption of advanced ESR analyzers in hospitals, diagnostic laboratories, and others will fuel the growth in the market.

Which are the Challenges that May Hamper Growth in ESR Analyzer Market?

ESR analyzers are complex instruments that require skilled resources for conducting blood test and for accurate results. Lack of adequate professionals in low-income countries might hamper the demand in the market.

Apart from this, high cost of ESR analyzers might also limit the sales in countries such as Brazil, UAE, South Korea, and other emerging economies. This is expected to create a negative impact in the market.

Market Competition

Some of the renowned companies present in the global ESR analyzer market include ALCOR Scientific Inc., Thermo Fisher Scientific, Caretium Medical Instruments Co., Limited, Hospitex Diagnostics, Beckman Coulter, Inc., Alifax, and Perlong Medical among others.

The global market is highly fragmented with the presence of a large number of international and regional companies. Key players are increasingly focusing on research and development activities to develop advanced testing equipment and broaden their product.

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Key Segments Profiled in the ESR Analyzer Industry Survey

Product Type:

  • Automated ESR Analyzer
  • Semi-Automated ESR Analyzer
  • Manual ESR Analyzer

By End Use:

  • Hospitals
  • Diagnostic Laboratories
  • Academic Institutions
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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T: +1-845-579-5705
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DIY Haircut Kits Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2029

The global DIY haircut kits market sales are currently valued at around US$ 6.9 Bn and are anticipated to reach a market valuation of US$ 8.8 Bn by the end of 2029. This is because, as per FMI, the global DIY haircut kits market is predicted to expand at a CAGR of 2.9% over the 2017 to 2029 assessment period.

Strong focus on personal grooming and self-care, popularity of men’s grooming trend, and rise in number of salons have been triggering demand for haircut kits. Additionally, a growing trend has been observed in home or personal usage which is anticipated to propel future sales of DIY haircut kits. Owing to increasing fashion trend and style quotient, individuals are more inclined to experimenting with new hair styles and modifications which is resulting to an increased demand for DIY haircut kits such as clipper & trimmer kit.

Covid-19 Impact & 2020 DIY Haircut Kits Market Analysis

Covid-19 outbreak, which started in China, is rapidly spreading all over the world and has an adverse impact on the sales of DIY haircut kits. Apart from essential products and services, businesses are temporarily closed. Additionally, most of the countries are in lockdown situation which restricts all physical store sales. However, China which has started recovering from Covid-19 crisis has seen a strong growth in online sales for DIY haircut kits such as clipper and trimmers for home and personal usage.

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Ongoing pandemic has disrupted the supply chain of DIY haircut kits, hence lower sales can be observed in Q1-Q2, 2020. However, Q3 is expected to show positive sign of recovery of the market. At present, manufacturers are focusing on offering products specific for male consumers and capitalizing on the kids segment which is expected to be the most lucrative segment.

Key Takeaways of the Global DIY Haircut Kits Market Study

East Asia is expected to account for high share of the global market value, owing to large consumer base interested in personal grooming. Given the concentration of a large number of manufacturers, the market will continue to flourish in the region.According to FMI, clipper & trimmer kit is expected to see higher sales than its counterpart such as scissors set, as the latter are used by professional with specific skill set to cut hair.

Moreover, clipper and trimmers are easy to operate, less time consuming, and does not require any skill set.

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Salons/professionals remain top end user, accounting for higher value share of the global DIY haircut kits market.Personal use of DIY haircut kits and in home-care settings is expected to grow at a significant pace, owing to greater emphasis on enhanced experience at low expenses and with elaborate resources.

Sales through offline channel continue to influence manufacturers’ growth strategies.Growing consumer’s inclination towards online shopping will propel the sales of DIY haircut kits through online platforms. Product comparison, read reviews, competitive pricing, and door step delivery are the factors that influence the purchase decision of consumers.

DIY Haircut Kits for Kids Trending Over Men & Women Products

DIY haircut kits for kids are trending at present all over the online platforms. The most preferred DIY haircut kits for kids are the baby hair trimmer and rechargeable electric hair clipper.

The kids are more reluctant to haircut in hair salons; hence parents are now considering its alternative solution – a baby haircut kit for at-home use. Manufacturer’s innovative product launch also pushes the kids segment for higher sales. Moreover, these manufacturers are offering waterproof hair styling haircut kit device with long battery hours, environment-friendly USB hub, and accessories kit with innovative baby packaging.

Who is winning?
Some of the key players operating in the DIY haircut kits market are Koninklijke Philips N.V., Wahl Clipper Corporation, Spectrum Brands, Inc. , Remington), Procter & Gamble (Braun GmbH), Panasonic Corporation, Conair Corporation, Andis Company, VEGA, Sunbeam Products, Inc., Riwa, Havells India Ltd., FLYCO, Xiaomi, Zed Lifestyle Pvt. Ltd, and Oster Professional.

Several leading companies are focusing on R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of DIY Haircut Kits.

In April 2019, Flipkart announced that they had partnered with Beardo to provide Beardo’s grooming kit and electric trimmer.In July 2019, The Wahl Clipper Corporation launched cordless detailer with T-fast blade and 100 minutes of cutting time in one charge.

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Get Valuable Insights into DIY Haircut Kits Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global DIY haircut kits market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030.

The DIY haircut kits study reveals compelling insights on the DIY haircut kits market on the basis of product (clipper & trimmer kit, scissors set), end user(salon/professional, personal/home-care), price range (high/premium, mid-range/economy) and sales channel (modern trade, departmental stores, speciality stores, franchise outlet, online stores and other) across all regions.

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Bicycle Bags and Bag-packs Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2029

The global bicycle bags and bag-packs market is projected to increase from a valuation of US$ 489.5 Mn in 2022 to US$ 724.2 Mn by the end of 2029.Revenue from bicycle bags and bag-pack sales currently account for 5%-10% share in the global bicycle accessories market.

The number of young people on extended bicycle journeys has significantly increased globally. The main causes of the rise in cycling long tours are the expansion of bike tourism and long tours undertaken for charitable purposes. Long trips necessitate the use of several types of luggage to transport the necessary items.

Cycle carrier bags are specifically designed to be mounted onto bicycle frame so as to relieve the cyclists from carrying weight on his back. Cycle carrier bags lowers the centre of gravity of the bicycle that makes controlling the bicycle much easier with compact transportation of the gear such as food, clothing, and biking tools. Consequently, there is a growing demand for cycle carrier bags globally.

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Key Takeaways from the Bicycle Bags and Bag-packs Market Study

Asia Pacific region is at forefront for cycling globalization. There is a considerable young population in this region. The benefits of cycling to maintain a healthy lifestyle is a major factor influencing the millennial. Government in this regions are taking initiatives to promote cycling activities such as development of cycling tracks, cycle sharing spots, and arranging cycling events.

According to Union Cycliste Internationale (UCI), Asia region is extremely active in hosting major cycling events. Currently, there are 40 UCI Continental Teams registered in Asia, which is more than twice of 2009 having 17 teams. Also, a significant number of manufacturers of bicycle bags and bag-packs is present in this region.

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Considering all these factors, Asia Pacific regions holds potential opportunities for bicycle bags and bag-packs market. Association of manufacturers with governmental initiatives is anticipates to generate new opportunities in this region. E-commerce sales channel is estimated to generate high revenue in the forecasted years for the bicycle bags and bag-packs market owing to increasing internet usage among consumers.

“Manufacturers are developing bicycle bags and bag-packs by targeting the growing number of women cyclists such that the bags cater its basic function in a fashionable way. The low awareness among consumers about Bicycle Bags and Bag-packs when compared with other personal care products is major barrier of the market growth. Consequently, effective advertising is essential for the rapid growth of bicycle bags and bag-packs market.” says an FMI analyst.

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Celebrity Endorsement to Inspire Consumer’s Buying Behaviour

An emerging trend in the bicycle bags and bag-packs market is the increasing number of key players appointing various celebrities from the field of sports and films to endorse their products, with an objective to influence consumers to adopt the same. This is winning trust of the customers and attracting them to use of bicycle bags and bag-packs instead of conventional bags.

Who is winning?

Some of the key players operating in the bicycle bags and bag-packs market are as Shimano, Inc., Giant Manufacturing Co., Ltd., Merida Industry Co Ltd., Wiggle Ltd., BROOKS ENGLAND, Recreational Equipment, Inc., Ortlieb USA, Topeak, Trek Bicycle Corporation, Velotransit, MAINSTREAM-MSX, Madden Equipment, Lone Peak Packs, Inertia Designs, Deuter Sport GmbH, and others. Several leading market players are engaged in partnership with other companies to increase their product offering across the world. Moreover, companies are engaged in celebrity endorsement and product innovation.

For instance, the BLS Group features famous professional cyclists such as Mariske Strauss, Nate Koch, and Jolien D’hoore as brand ambassadors.

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BICYCLE BAGS AND BAG-PACKS MARKET TAXONOMY

The global bicycle bags and bag-packs market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Product Type

  • Cycle Carrier Bags
  • Bag-packs

Sales Channel

  • Offline
  • Online

Region

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

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Temperature Controlled Packaging Solutions For Pharmaceuticals Market Estimated to Expand at a Robust CAGR By 2028

The roughly US$ 3.5 Bn market for temperature controlled packaging solution for pharmaceuticals industry has been anticipated to observe strong growth prospects in the coming years. According to a new study by Future Market Insights (FMI), the global revenue through adoption of temperature controlled packaging solution for pharmaceutical products will see just-under 8% CAGR over 2018-2028.

FMI’s report opines that the demand for biologics is set to outpace the overall pharmaceutical industry’s growth, and biologics are expected to represent 20% growth in the near future. Strengthened by the increasing investment in the healthcare sector across the globe, the development of new methods in biotechnology and clinical trials is expected to register continuous growth, albeit at a slow pace. This, in turn, is anticipated to hamper the demand for temperature-controlled packaging solutions specifically for pharmaceuticals, globally.

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Insulated Shippers Account for around 3/5th Share of the Total Market Revenue

Various types of temperature controlled packaging solutions, such as insulated shippers, insulated protective shippers, insulated containers, and others types including refrigerants, gels, icepacks, and phase change materials, are used in the pharmaceuticals market. In the report, FMI points to a significant market value share of insulated shippers, i.e. nearly 60.0% of the total product type used for temperature controlled packaging solutions for pharmaceuticals market.

Rising use of temperature-sensitive products and the need to transport products in remote locations are expected to be the major driving forces for the growth of temperature controlled packaging solutions, especially insulated shippers, in the pharmaceuticals market globally.

North America to Create Lucrative Opportunities for Manufacturers

According to the FMI study, North America is expected to dominate the temperature controlled packaging solutions for pharmaceuticals market throughout the forecast period. The US is home to some of the major manufacturers and consumers of temperature controlled products in the world. This factor is expected to create immense opportunities for the growth of the global temperature controlled packaging solutions for pharmaceuticals market in the region.

The FMI study analyzes the temperature controlled packaging solutions for pharmaceuticals market in several regions and focuses on key dynamics affecting the temperature controlled packaging solutions for pharmaceuticals market, globally. It has been observed that growing number of diseases across the globe fuel the demand for different pharmaceutical products. This is expected to propel the demand for temperature controlled packaging solutions for pharmaceuticals during the forecast period.

R&D Activities to Play an Important Role in Bolstering Innovations

Research and development activities are an integral part of the manufacturing process in pharmaceuticals and biotech industries, which is reflected in continuous annual increase in pharmaceuticals R&D spending of 4.2% in 2014, compared to the global average spending recorded in 2013.

Also, the development of novel therapies such as stem cells, monoclonal antibodies, and r-proteins alongside pharmaceutical products have further necessitated the use of cold chain packaging solutions at various stages of development.

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Temperature controlled pharmaceutical packaging solutions are validated and designed to rigorous standards to keep products within a safe temperature range for a given period of time. Major uses of temperature controlled packaging solutions for pharmaceuticals are in active pharmaceutical ingredients with strict temperature controls, vaccines, clinical trials, biological products and samples, and products with significant and specific timeline requirements.

Key players which have been profiled in the report temperature controlled packaging solutions for pharmaceuticals market include – Sonoco Products Company, Pelican Biothermal, Sofrigam SA Ltd., Cryopak, Cold Chain Technologies, Envirotainer AB, va-Q-tec AG, Inmark Packaging, American Aerogel Corporation, Snyder Industries, Inc., ACH Foam Technologies, LLC, Tempack Packaging Solutions, S.L., EcoCool GmbH, Exeltainer SL, Intelsius, Inno Cool India Private Limited, Softbox Systems, Insulated Products Corporation, TKT GmbH, Saeplast Americas Inc., and Emball’ISO.

Pet Insurance Market – Business Opportunities and Global Forecast to 2030

The global pet insurance market  sales are currently valued at around US$ 7.8 Bn, and are anticipated to surge at a CAGR of 11% to reach a market valuation of US$ 38.8 Bn by 2030..

According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of 11% between 2022 and 2030. According to the report, the rising number of pet ownership, increase in awareness about pet insurance and associated health benefits of pet ownership will stoke growth in the market.

The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the pet insurance market. Some of these are:

  • The estimated value of the market at US$ 7.8 Bn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Regionally, North America dominates the pet insurance market globally.
  • Latin America emerges as one of key markets owing to high pet ownership in the region.
  • Dogs and Cats segment hold the highest value share in pet insurance market.
  • ‘Accident & illness’ coverage option comes out as the most preferred type of pet insurance among pet owners
  • Key players are likely to focus on new service offerings to stay relevant in developed markets.

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Growth in Pet ownership and Selling Techniques of Companies to Create Opportunity for Expansion
Rise in number of companion animals, increase in awareness about pet insurance, growth in pet ownership propels the growth of the pet insurance market. The Pet health insurers offer different plan options or tiers with varying policy limits which also attracts pet owners towards pet insurance.

However, high cost of pet insurance policies, lack of awareness among consumers, and government regulation limits the growth of the market. Marketing strategies adopted the insurance companies include online marketing, veterinary clinics, pet stores, shelters and animal support and rescue organizations or word of mouth referrals which also fuel the pet insurance market for further growth. Furthermore, largely untapped market with extremely low penetration rates is expected to provide numerous opportunities for the pet insurance market.

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Key Segments of Pet Insurance Industry Survey
Pet Insurance Market by Policy Type:

  • Accident
  • Accident & Illness
  • Embedded Wellness
    Pet Insurance Market by End User:
  • Pet Insurance for Dogs
  • Pet Insurance for Cats
  • Pet Insurance for Horses
  • Pet Insurance for Exotic Pets

Pet Insurance Market by Region:

  • North America Pet Insurance Market
  • Latin America Pet Insurance Market
  • Europe Pet Insurance Market
  • East Asia Pet Insurance Market
  • South Asia & Pacific Pet Insurance Market
  • Middle East & Africa (MEA) Pet Insurance Market

Accident & Illness Policy Coverage Fuels Demand for Pet Insurance
Pet insurance which is becoming a norm of most of the developed countries. Pet insurance market is gaining traction by the accident & illness insurance policy as it provides both accident and illness coverage. Rapidly increasing consumer’s awareness on pet’s diseases, rising veterinary costs and marketing efforts of industry operators have caused consumer acceptance in the pet insurance market.

Who is winning?
Some of the leading players operating in the pet insurance market are Figo Pet Insurance LLC., Embrace Pet Insurance Agency LLC, Hartville Group, Health for Pet, Hollard, Oneplan, Petfirst Healthcare LLC, Protectaplan, Petplan Limited, Trupanion, Inc., Nationwide Mutual Insurance Company., Anicom Holdings Inc, Pethealth Inc., Royal & Sun Alliance Insurance Company of Canada, Inc., Direct Line Insurance Group plc, Petsecure, Healthy Paws, 24PetWatch etc. As a result of increasing competition, companies are focusing on expanding their product portfolio. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

  • In March 2019, CareCredit, LLC, a healthcare financing company of Synchrony Financial, had acquired a Idaho based pet insurance company Pets Bestto to expand its current product/service offering
  • In Dec 2019, MetLife Inc. had acquired Jeffersonville-based company PetFirst to enter into pet insurance market

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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

Passive Temperature-Controlled Packaging Solutions Market Revenue Growth Predicted by 2031

The global passive temperature-controlled packaging solutions market is estimated to reach US$ 10.6 Bn in 2021. Sales of passive temperature-controlled packaging solutions are expected to increase at 9.1% CAGR between 2021 and 2031.

These solutions are required when the products packaged are sensitive to the external atmospheric conditions and are required to be kept under certain temperature ranges.

The passive temperature-controlled packaging solutions aids in maintaining the required temperature parameters during the storage and transportation of the temperature-sensitive products.

Further, passive temperature-controlled packaging solutions are extensively used in pharmaceutical and food & beverage end-use industries as efficient packaging solutions for products that are affected by temperature fluctuations.

Growing demand for effective yet cost-efficient packaging solutions is anticipated to augment the demand for passive temperature-controlled packaging solutions.

Additionally, biologic and pharmaceutical drugs are among some of the most critical commodities in terms of required safety measures during transportation. Passive temperature-controlled packaging solutions are widely used for biologics and pharmaceutical products which require optimal temperature handling for a longer duration during shipping and logistics activities.

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These products require different temperature ranges when they are shipped to warehouses, and a proper compilation is necessary to deliver them to pharmacies. Passive temperature-controlled packaging solutions provide the flexibility of transportation and ease of handling.

They also reduce and prevent any damage to the products during transportation. Moreover, pharmaceutical products are temperature sensitive and could be harmful to patients if they are not handled properly during transit and storage.

On the back of these aforementioned factors, sales of passive temperature-controlled packaging solutions are expected to reach US$ 25.3 Bn by the end of 2031.

Key Takeaways:

  • Based on product type, the insulated containers segment is anticipated to remain the leading segment, accounting for over 60% of market share by the end of 2031.
  • In terms of application, the frozen segment is estimated to expand at a CAGR of 9.4%, contributing nearly 49% of overall sales by the end of 2031.
  • By end-use industry, the pharmaceutical segment is anticipated to expand at a CAGR of 9.8% during 2021-2031.
  • The U.S. is expected to spearhead the growth of North America passive temperature-controlled packaging solutions market over the forecast period

 “Several international health agencies and organizations such as World Health Organization are focusing on reducing the wastage of vaccines across the globe. Hence, various programs are initiated to monitor and curb wastage of vaccines during the handling and transportation. These programs are anticipated to positively influence the passive temperature-controlled packaging solutions market.” says an FMI analyst.

Increasing Demand for Passive Temperature-Controlled Packaging Solutions in Food and Beverage Industry to Drive Market

Increasing demand for perishable food products such as meat, seafood, and dairy products is fueling the need for passive temperature-controlled packaging solutions. These solutions offer adequate temperature assurance during transit and storage. Thus, food companies are exhibiting higher inclination for passive temperature-controlled packaging solutions as a cost-effective means for packaging.

Passive temperature-controlled packaging solutions are available in a variety of specifications in terms of shape, size, insulation and packaging format which is highly desirable among manufacturers of the food and beverage industry.

The players in the passive temperature-controlled packaging solutions industry offer an array of products targeted toward specific applications in the food and beverage industry. The specially designed packaging solution for specific applications helps in attracting players in the food and beverage end-use industry that are in search of custom packaging solutions for their products.

There is consistent growth in the number of frozen food items launched in the market that are either exotic or ready to cook. These frozen food products are required to be stored under specific atmospheric conditions during transit to achieve the desired shelf life which is often achieved with the help of passive temperature-controlled packaging solutions.

The increasing demand for passive temperature-controlled packaging solutions in the food and beverage industry can be a revenue-generating opportunity for the manufacturers and is anticipated to drive the growth of the target market.

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Who is Winning?

GEBHARDT Logistic Solutions GmbH, Sonoco Products Company, ACH Foam Technologies, LLC and Cold Chain Technologies are the top players operating in the target market. Furthermore, va-Q-tec AG, Softbox Systems Ltd., Snyder Industries, Inc., are also noticeable players in the passive temperature-controlled packaging solutions market. The Tier 1 players in the market hold 10-15% markets share in the global market for passive temperature-controlled packaging solutions.

Passive Temperature-Controlled Packaging Solutions Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for passive temperature-controlled packaging solutions, analysing historical demand from 2014-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the passive temperature-controlled packaging solutions based on product type (insulated shipper (envelops & panels, EPS, PUR, VIP and others), insulated containers (chest and upright) and others), application (frozen, chilled and ambient) and end-use industry (pharmaceutical, food & beverage and others) across seven regions.

Fogging Tester Market is Slated to Grow at a Steady CAGR of 5.8% Between 2022 and 2032

The Fogging Tester Market forecasted to registering 5.8% CAGR during the forecast period (2022-2032) and projected to reach US$ 3 Bn by 2032″

Fogging testers determine the quantity of evaporation formed by volatile components such as glass beakers, leather and plastics. Fogging testers are used for measuring the characteristics of fogging of automotive interiors. The fogging tester has become an essential equipment in the industry to minimize the emission of harmful ingredients and to ensure safe driving conditions. Along with this, fogging testers are used in HID lamps for clear vision.

The fogging testers market has witnessed exponential growth due to an increase in the production of automobiles and other transport vehicles. There is an increase in the usage of interior designs and materials to improve the appearance of cars. The material used in the interiors of vehicles includes rubber, polyurethane, plastics, textiles, fabrics, leather and others. Due to a rise in the temperature of vehicles, the high temperature evaporates the materials that cause fogging on the windshield, which makes it dangerous to drive these vehicles.

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Technology Upgradations Boosting Growth of the Fogging Tester Market

Predicted growth in safety concerns is likely to fuel the growth of the fogging testers market during the forecast period. Moreover, manufacturers are focusing on improving the efficiency of fogging testers. For example, Qualitest International Inc., one of the prominent manufacturers of fogging testers, has launched fogging testers with baths made of stainless steel, and the cooling water system is replaced with an electrical cooling system along with an accurate temperature sensor for more efficiency, which is ultimately boosting the fogging tester market across the globe.

Moreover, fogging testers are compact instruments that provide precise and reliable results, which is driving the fogging tester market across the globe.

Inadequate Skilled Labour

On the other hand, the cost associated with fogging testers is high. Moreover, a person with high technical knowledge is required for operating fogging testers. These are some of the primary factors hindering the growth of the fogging tester market.

Fogging Tester Market: Competitive Landscape

Some of the prominent players in the Fogging Tester market are Qualitest International Inc., Elastocon AB, Thermo Fisher Scientific, Labthink International, SDL Atlas, Artec Testnology, Asian Test Equipments, Soraco srl, Barkey, SK Equipments and Jinan XingHua Instruments.

Fogging Tester Market: Regional Overview

On the basis of geography, the nations with significant economies in the field of safety, such as Germany, Japan, China and the U.S., hold the largest market share in the fogging tester market. Rapid growth in the automobile field for increasing efficiency and safety is fuelling the growth of the fogging tester market in these regions. Moreover, due to the increasing usage of automotive vehicles and aircraft, there is growth in the adoption of high-end techniques for fogging testers in the market.

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Similarly, rising concerns about quality control, safety aspects and improvements in the manufacturing industries in various countries, such as India, Australia and France, are also contributing to the growth of the fogging testers market. The Europe fogging testers market is expected to witness growth during the forecast period due to an increase in the production of automotive devices in the region. The fogging tester market in the Asia Pacific region is also expected to grow at a high CAGR owing to the numerous steps undertaken by governments for improving the superiority of products and the implementation of safety.

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

The report covers exhaustive analysis on:

  • Fogging Tester Market Segments
  • Fogging Tester Market Dynamics
  • Fogging Tester Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved
  • Technology
  • Value Chain
  • Market Drivers and Restraints

Regional analysis includes:

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

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Fogging Tester Market: Segmentation

The global fogging tester market is segmented on the basis of data type, equipment type, application and region.

Segmentation Based on Data Type:

  • Gloss Method
  • Gravimetric Method
  • Haze Method

Segmentation Based on Equipment Type:

  • Durometer
  • Speed & Length Meter
  • Moisture Meter
  • Material Thickness Gauge
  • Tension Meter

Segmentation Based on Application:

  • Plastics Testing
  • Rubber Testing
  • Automotive Testing
  • Aerospace Testing

Report Highlights:

  • Detailed overview of fogging tester parent market
  • Changing market dynamics in the industry
  • In-depth fogging tester market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of fogging tester
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on fogging tester market performance
  • Must-have information for market players to sustain and enhance their market footprint

Market Research Methodology – Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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

Secondhand Apparel Market – Dominance of the Leading Companies Over the Global Industry

The global secondhand apparel market is estimated at US$ 71,225.6 million in 2022 and is projected to expand at a prolific CAGR of 14.8% from 2022 to 2032, reaching a valuation of US$ 282,748.6 million by 2032. Growing popularity of secondhand apparel among general masses due to their less expensive nature and better quality is a key factor driving demand for secondhand apparel in the market.

Consumers have become increasingly interested in eco-friendly clothing options. Focus on sustainability and higher degree of consciousness have propelled the secondhand apparel market growth. Even as restrictions implemented amid COVID-19 cause supply-chain disruptions, the market is expected to register year on year growth at 4.8% in 2021.

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Product reviews and other features of e-commerce help merchants to study purchase patterns, and trends to create products and services that meet the needs of potential buyers. This provides useful information that retailers can use to develop effective marketing strategies.

The presence of companies such as ThredUP and Poshmark that cater to the demand for inexpensive and ecological alternatives to new clothes will push growth in the coming years. The expansion of online distribution channels also will bode well.

To retain clients, numerous fashion retailers are implementing recycling initiatives and releasing new collections of clothing made from eco-friendly fibers. Increasing consumer awareness of online resale platforms and fast-growing online start-ups offer pre-owned branded and designer goods and rental ethnic wear.

Key Takeaways from the Secondhand Apparel Market Study

  • Shirts & t-shirts are expected to hold a market share 29% in 2021 owing to changing consumer preference with an expanding working woman labour force.
  • Online retailing is likely to remain a lucrative channel of distribution over the forecast period with a 18.7% CAGR owing to the wider choice of products.
  • Sub-Saharan Africa will dominate MEA accounting for more than 50% of the value share through the end of 2031, owing to the popularity of used clothes.
  • Pakistan accounts for more than 40% of secondhand apparel sales in South Asia, owing to the presence of a large lower socio-economic consumer base.
  • Guatemala leads in the Latin America accounting for over 30% value share through the forecast period.

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Impact of COVID-19 on the Market:

Consumers are not just buying fewer non-essential items, but they are also buying higher-quality clothing rather than cheap and disposable options. Customers have also transitioned from offline to online shopping options.

During the COVID-19 crisis, e-commerce has been dominant and retailers have invested in an online presence. Prior to the shutdown, internet retailers devised interim methods for the sales of their wares online.

The secondhand apparel market has been hampered by a labour shortage in the industry. Reduced transactions over viral transmission fears are have also caused issues in the short term.

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Who is Winning?

Key players in the secondhand apparel market are aiming for strategic collaborations and other marketing strategies to expand their business and attract a larger customer base.

Some of the key players present in the secondhand apparel market are ThredUp Inc., The RealReal, Patagonia Inc., Poshmark, StockX, Vinted, eBay Inc., Micolet, Thrift+, Tradesy Inc., Chikatex, HunTex Recycling Kft, A&E Used Clothing Corporation, Mobacotex, Percentil. Maroc among others.

Secondhand Apparel Market by Category

By Sector:

  • Resale
  • Traditional Thrift Stores and Donations

By Product Type:

  • Dresses & Tops
  • Shirts & T-shirts
  • Sweaters, Coats & Jackets
  • Jeans & Pants
  • Others

By Target Population:

  • Men
  • Women
  • Kids

By Sales Channel:

  • Wholesalers/Distributors
  • Hypermarkets/Supermarkets
  • Multi-brand Stores
  • Independent Small Stores
  • Departmental Stores
  • Online Retailers
  • Others

By Region:

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

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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

Paint Tester Market is Anticipated to be Valued at US$ 168 Million in 2022 | FMI

The global paint tester market is anticipated to be valued at US$ 168 Million in 2022, forecast to grow at a CAGR of 5.1% to be valued at US$ 276.27 Million from 2022 to 2032.

From the past few years, the boom in industrialization is increasing use of heavy duty types of machinery across different industry verticals. Such machines are costly and need constant maintenance if they are not taken care of, damages can happen to machines and hence production process is affected. Painting surfaces is one of the widely preferred methods for industries for keeping machines in proper conditions and reduce wear and tear. Paint tester is used for testing of such paint coating applied over machines and other industrial equipment.

Manufacturers of paint tester equipment are investing in the research and development process rigorously to deliver standardized products. Industries are using paint tester increasingly to improve the performance of their machines and increase the lifespan of machines. Also, the paint tester demand is expected to witness significant growth over the forecast period due to a usage of these devices in testing surface roughness, cleanliness, and controlling the environmental damages to the machines.

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The paint tester is used for asset quality management, performance optimization, and reduce the maintenance work. Paint tester is used for complete testing of parameters related to paint such as thickness, porosity, adhesion, and others. Also, the paint tester includes different types of components which make it one of the efficient and most reliable process. Such applications are expected to increase demand for paint tester over the forecast period and hence fuel paint tester market growth.

Paint Tester Market: Drivers and Restraints

Changing climatic conditions are affecting the performance and ultimately damaging the parts of machines. Paint is used to coat the surfaces and paint tester is used to test these coatings. Also, various components of paint tester are used for measuring coating thickness, wet film thickness, porosity, adhesion, and others. These are some of the key parameters which are fuelling the demand for paint tester. The factors such as availability of paint tester equipment in compact size, easy to operate and handle, high accuracy is driving the paint tester market growth significantly. On the other hand, lack of technical knowledge required for operating paint tester in underdeveloped countries is one of the key challenges hindering the growth of the paint tester market.

Segmentation Based on Components:

On the basis of type, the market is segmented into coating thickness meter, holiday detector, pinhole detector, adhesion tester, accessories

Segmentation Based on Industry:

On the basis of industry, the market is segmented into oil and gas, energy, manufacturing, automotive, and others. These industries are using paint tester for testing quality of coatings applied on machines, cars, and other objects.

Paint Tester Market: Key Players

Leading manufacturers of paint tester are focusing on product innovations for improving the efficiency of products. Some of the leading manufacturers of paint tester include paint test equipment, Qualitest International Inc., Caltech Engineering Services, Specialized Coating Systems (Pty) Ltd., and others. These key players are focusing on the quality of their products so that they can deliver industry compliant products. For example, Paint Test Equipment company offers all the paint tester components with specified industry standards along with this the company also provides paint tester kit which is all in one tester kit. This kit includes all the components offered by the company which makes it easier for end users to test their paint effectively.

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Paint Tester Market: Region-wise Outlook

Increasing usage of paints and coatings for covering and protecting surfaces is driving the global paint tester market growth. Considering revenue generation, North America region is dominating the paint tester market by holding the highest market share followed by Europe. Industries in North America are highly focused on asset protection and improving the lifespan of machines which is fuelling the adoption of paint tester in this region. Some of the prominent players in the paint tester market are present in Europe. APEJ region is expected to register significant CAGR growth rate over the forecast period in terms of demand for paint tester due to increasing industrialization in this region. MEA paint tester market is expected to grow at moderate CAGR due to the adoption of paint tester in oil and gas, energy industries.

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

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved
  • Technology
  • Value Chain
  • Market Drivers and Restraints

Regional analysis includes:

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

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Paint Tester Market: Segmentation

The global paint tester market is segmented on the basis of component type and industry

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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

Earphones Market is Expected to Expand at a CAGR of 4.9% in 2029 | FMI

The global earphones market is poised to surpass revenues worth US$ 14 Bn in 2029. If these figures hold true, the earphones market will exhibit a CAGR of ~4.9% between 2019 and 2029

as projected by a new Future Market Insights (FMI) report. Advancements in entertainment technology such as virtual reality, and augmented reality (VR & AR) further push the demand for high-definition earphones.

Mass-adoption of eCommerce platforms by multiplying millennial consumers shape a competitive landscape for revenue capture strategies. It also facilitates market penetration by new-entrants in the earphones industry. On this backdrop, major players are differentiating their products based on sound quality, purchase convenience, and innovative features such as true wireless earbuds.

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COVID-19 Impact: Import Dependency on Chinese Market to Weigh Heavy

The global COVID-19 pandemic has been initially projected to hold its impact on the tech and technology goods & services landscape. China, being the global hub for technology products, is creating a turmoil in the global smartphone accessories market, including that for earphones.

China has recently reopened its manufacturing sector, except in Wuhan, and brands will now be ramping up their production levels rapidly. Logistical hurdles, demand drop, and dip in at-store footfalls due to lockdowns and social distancing will however continue to pose a significant impact on smartphone and earphone sales in near term. Dependence of a majority of tech markets on China for imports is weighing heavy on international markets currently.

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Global Earphones Market – Key Takeaways

  • Application in music and entertainment continues to account for a leading share in the total market value.
  • Gaming applications present lucrative growth opportunities with an attractive CAGR projected through 2029.
  • Countries in the North American region account for a majority share of global sales.
  • East Asia offers remunerative growth opportunities, exhibiting the highest growth rate during the forecast period.
  • Over-the-ear category of products garner the highest revenues among product type segments.
  • In-ear earphones are emerging as a profitable category owing to superior sound quality and noise cancellation.

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Global Earphones Market – Key Driving Factors

  • Uptake in mobile entertainment platforms such as Netflix created continuous revenue streams to market.
  • Prevalence of multiplayer online battle area (MOBA) games further creates demand for earphones for enhanced gaming experience.
  • Lifestyle trends such as fitness sports, and gym training also contribute to market growth.

Global Earphones Market – Key Constraint

  • Entrance of smartphone manufacturers in manufacturing earphones acts as a restraint for dedicated earphone manufacturers.

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Competitive Landscape

Innovating products and services is a top priority among top players. For instance, in May 2019, Bose Corporation launched Bose Earbuds 500, it’s true wireless Bluetooth earphones.

Features such as noise cancellation. sound output, and sound quality are differentiating factors in the market. Leading players operating in the Earphones market are, but not limited to, Apple, Inc., JVC; Sony Corp., Skullcandy, Inc., Bose Corp., Sennheiser Electronic; and Shure, Inc, Bose Corporation, Sennheiser Electronic GmbH & Co. KG, Grado Labs Inc. , Jays AB AIAIAI ApS , AKG Acoustics GmbH , Skullcandy Inc. , Beyerdynamic GmbH & Co. KG , Creative Technology Ltd , Denon Electronics LLC (US), House of Marley, LLC, Sony Corporation, Audio-Technica Corporation, Harman International Industries, Inc. JBL.

Market segmentation

The global earphones market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

  • In Ear
  • Over Ear

Technology

  • Wired
  • Wireless

Application

  • Music & entertainment
  • Sports & fitness
  • Gaming & virtual reality

Price Range

  • Low
  • Mid-range
  • Premium Range

Sales Channel

  • Wholesaler/ Distributor
  • Hypermarket/ Supermarket
  • Specialty Stores
  • Exclusive Stores
  • Online Stores
  • Others

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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