Hydrogel Face Mask Market: Projected Expansion at a 10.5% CAGR by 2033

Hydrogel Face Mask Market
Hydrogel Face Mask Market

The global hydrogel face mask market size was valued at US$ 116.36 million in 2023 and is estimated to reach a revised size of US$ 315.80 million by 2033. Premium hydrogel face masks are gaining popularity worldwide, leading to a projected expansion of the market at a CAGR of 10.5% during the analysis period.

The increasing demand for anti-aging and revitalizing hydrogel masks stands out as a primary driver fueling the growth of this market. Another significant factor propelling this expansion is the growing awareness of the benefits associated with hydrogel masks.

After the pandemic, the market had high growth prospects due to the increasing demand for organic and natural hydrogel masks. Because organic gel can hold 99% of liquid, it can improve the quality and appearance of the skin. This bodes well for the market’s growth in the coming years.

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This facial treatment employs hydrogels to effectively deliver moisture and essential nutrients to the skin. Hydrogels, composed of water and gel-like polymers, exhibit exceptional absorbency properties. Consequently, they have the capacity to retain large quantities of water and nutrients, making them well-suited for delivering a potent blend of hydration and nourishment to the skin. For instance, hydrogel masks can contain as much as 98% water along with key ingredients like hyaluronic acid, collagen, and vitamins A, C, and E.

Key Takeaways from Market Study

• The hydrogel face mask market is expected to grow at a CAGR of 10.5% over the forecast period.

• According to estimates, the hydrogel face mask market in the Asia Pacific will remain strong throughout the length of the forecast period.

• Dry skin is expected to account for 34% of the hydrogel face mask market in 2023.

• Online channels dominating the global industry accounted for 45.0% of overall revenue and grow at the fastest CAGR of 14.2%.

Competitive Landscape:

Several prominent companies dominate this market, including

  • 111SKIN
  • BIOEFFECT
  • Heritage Brands
  • Unilever
  • L’oréal Groupe
  • Johnson & Johnson
  • Minerva Research Labs
  • TULA Life
  • Ensbeauty Group
  • Natural Face Lift Company

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The choice of active ingredients and materials for hydrogel face masks, as well as packaging, will be driven by sustainability and environmental footprint awareness. Manufacturers of the products can gain a larger share of the market, expand their product portfolios, and expand their geographical reach by engaging in these activities. By partnering with other companies, key players can also gain access to new markets and advanced technologies. They can also acquire companies, merge, and diversify their portfolios.

Recent Developments:

• In January 2022, Seoul Mamas, a U.S.-based private-label K-beauty products company, partnered with Oscar Mayer to produce hydrogel sheet masks that promote skin elasticity and hydration while reducing inflammation.

• In February 2022, Quench Botanics launched the Bravocado Brightening Under Eye Hydrogel Mask as part of its Botanics branch.

• In March 2021, Neutrogena Skin360 will release a highly anticipated 3D-printed sheet mask that will allow users to further customize their masks using the app. Beta testers will be able to customize the Neutrogena MaskiD with their smartphones by using the 3D cameras on their phones.

• As part of the Neutrogena MaskiD hydrogel face mask, Johnson & Johnson used bioprinting technology in March 2021.

• The Glowing Potion Hydrogel Facial Mask and the Lavender Youth Miracle Hydrogel Facial Mask from Maskologist have been introduced in August 2019.

Hydrogel Face Mask Market Segmentation by Category

By Skin Type:

  • Dry
  • Oily
  • All

By Type:

  • Bio-cellulose Based
  • Synthetic Polymers Based

By Application:

  • Skin Brightening
  • Anti-Aging
  • Anti-Acne
  • Others

By Distribution Channel:

  • Online
  • Hypermarkets & Supermarkets
  • Specialty Stores
  • Pharmacy & Drug Stores

By Region Outlook:

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

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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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Stretch Films Packs Market is Expected to Reach at a US$ 21,820.58 Million by 2033 | FMI

Stretch Films Packs Market
Stretch Films Packs Market

The stretch films packs market is forecasted to experience a growth of 3.3% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 15,817.30 million in 2023.

Robust expansion of the e-Commerce industry is underpinning the widening of the shipping & logistics sector. Suppliers of different industry verticals are opting for stretch film packs to package their products. This can be attributed to distinct properties of stretch film packs like easy molding, lightweight, clarity, etc. This packaging is wrapped around the product, thus giving appropriate tension to keep the product(s) intact.

Businesses are choosing stretch film packs to secure and unitize loads to avoid damage to packages during transit, whether by dust or weather. Further, stretch film packs are used to provide flexible packaging as multiple products can be packaged together.

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The business growth of stretch film packs is accentuating due to robust industrialization, the surge in retail outlets, and peaking consumerism. Furthermore, rising traction for stretch film packs instead of clamshell packs or blister packs is projected to boost the market share of stretch films packs.

The key factor propelling the uptake of stretch film packs is that it is not easily punctured by sharp objects or edges, particularly during product transportation. Also, the use of this packaging decreases packaging volume as fewer films are used to pack products, therefore assisting manufacturers who are looking for material cost reduction.

Stretch film packs make for an appealing option for product display and present consumers with a practical and convenient packaging solution, thus pushing its bulk adoption.

Top Highlights from the FMI’s Analysis of the Stretch Films Packs Market: 

  • Presently, North America holds dominance in the stretch films industry, with a market share of 35%.
  • The United States is expected to hold a massive share of the market in the forthcoming years.
  • Europe is the second leading country, recording a share of 21% in the global market.
  • Asia Pacific is predicted to expand at a vigorous rate in the next ten years.

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Key Developments in the Market

  • In February 2022, Canada’s federal government authorized the utilization of recycled plastics in stretch films and other products. The Environment and Climate Change Canada (ECCC) and Federal Environment Agency issued a notice that it is planning to draft a regulation for the least recycling content, probably by 2022 end. In general, the government of Canada plans to mandate a 50% proportion of plastic packaging to be constituted of recycled content by 2030.
  • In August 2021, C-P Flexible Packaging, which is a flexible packaging vendor, declared that it had acquired Prestige-Pak Inc., a private Wisconsin manufacturer that primarily develops shrink and other film types for the retail food market. With a recent acquisition, C-P Flexible widened its multi-plant manufacturing base to offer robust response and print quality.
  • Innovia Films, which is a subsidiary of CCL Industries, introduced a new film in its Propafilm offering of transparent specialty packaging films in November 2021. CHS offers enhanced thermal resistance and contraction properties as opposed to conventional polypropylene films. The new offering is designed to replace traditional outer web films in laminates for applications like lidding and pouches in diverse food markets.

Key Segments in the Stretch Films Packs Market

By Type:

  • LLDPE
  • LDPE
  • PVC
  • Others

By Product:

  • Hoods
  • Sleeves and Labels
  • Wraps

By Application:

  • Wine Packaging
  • Crockery Packaging
  • Glassware Packaging

By Industry:

  • Food & Beverage
  • Consumer Goods
  • Pharmaceutical

By Region:

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

About Future Market Insights Inc. (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.

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Strip Pack Market is Projected to Reach at a US$ 289.92 Million by 2033 | FMI

Strip Pack Market
Strip Pack Market

The global strip packaging market is poised for significant growth, expected to exhibit a robust CAGR of 5.2% throughout the forecast period, culminating in a market value of US$ 289.92 million by 2033. As of 2023, the market is valued at US$ 174.63 million.

Strip pack machines have been increasingly adopted, primarily serving the purpose of packaging pre-formed plastic packs. These packs are commonly used for pharmaceutical tablets that require unit dosage packaging. However, the lack of centralized purchasing practices represents a notable challenge within the global strip pack market.

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Start-up Ecosystem

New entrants in the strip pack market are actively engaged in pioneering market initiatives and driving a culture of continuous innovation. These emerging players recognize the market’s untapped potential and are keenly focused on assessing it. They are committing substantial resources to research and development endeavors aimed at enhancing their capabilities for crafting top-tier, long-lasting strip packs that align closely with the specific needs and preferences of end users.

Drivers:

  1. Pharmaceutical Demand:  The pharmaceutical industry is a major driver of the strip pack market. Strip packs are extensively used for packaging pharmaceutical tablets and capsules, particularly those with unit dosage requirements.
  2. Consumer Goods:  In addition to pharmaceuticals, strip packs are gaining popularity in the consumer goods sector. Demand for blister and med compliance strip packs is on the rise, thanks to their advantages such as protection against UV rays and durability.
  3. Growing Healthcare Sector:  The expanding healthcare sector, especially in emerging economies, is boosting the demand for pharmaceuticals and related packaging solutions like strip packs.
  4. Efficiency and Convenience:  Strip packs offer convenience in dispensing medication, ensuring patient compliance with prescribed dosages. Their ease of use is a significant driver in the pharmaceutical sector.
  5. Government Initiatives:  Governments in countries like China and India are initiating projects and providing support to pharmaceutical and biopharmaceutical companies, fostering drug development and manufacturing.

Remarkable Scopes for the Strip Pack Market

Key market players are committed to creating opportunities in the strip pack market to mitigate major challenges and maintain their market presence. These efforts will play a pivotal role in shaping the market’s future and driving increased consumer demand.

Notably, the governments of China and India are actively spearheading initiatives aimed at promoting the growth of pharmaceutical and biopharmaceutical companies. These initiatives encourage the development and manufacturing of drugs to combat a range of infectious and chronic diseases. They underscore the significance of advancing life science infrastructure and are expected to be substantial contributors to the market’s growth.

The pharmaceutical manufacturing sector has witnessed a remarkable surge in both domestic and outsourced markets, fostering the expansion of the market. Additionally, governments are extending support in the form of soft loans for pharmaceutical research and development (R&D) projects, as well as grant-in-aid for clinical trials focused on developing drugs for neglected diseases. These incentives offer significant opportunities for expanding market share and facilitating growth.

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Key Companies Profiled

  • Constantia Flexibles Group GmbH
  • Amcor Ltd.
  • Wasdell Packaging Limited
  • Bemis Company, Inc.
  • Mikart, Inc.
  • ACG Pharmapack Private Limited
  • Svam Packaging Industries Pvt. Ltd.

Key Segments in The Strip Pack Market

By Type:

  • Plastic
  • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Others
  • Aluminum
  • Paper
  • Others

By End-User:

  • Medicines
  • Nutraceuticals
  • Powder & granules
  • Food
  • Others

By Region:

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

About Future Market Insights Inc. (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
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Presswood Pallets Market is Expected to Reach at a US$ 5.78 Billion by 2033 | FMI

Presswood Pallets Market
Presswood Pallets Market

As per the analysis conducted by Future Market Insight, the global presswood pallets market is anticipated to achieve a valuation of US$ 5.78 billion by 2033, exhibiting a CAGR of 5.9%. This projected value showcases a substantial augmentation compared to its estimated market worth of US$ 3.26 billion in 2023.

The rise in sustainability awareness and growing environmental concerns are pivotal drivers for the presswood pallets market. Presswood pallets, also known as compressed wood or molded fiber pallets, are eco-friendly alternatives to traditional wooden pallets. Businesses are actively seeking pallets made from recycled materials or renewable resources due to an increasing emphasis on sustainable practices. Presswood pallets, manufactured from recycled wood fibers, are gaining traction as they assist companies in reducing their carbon footprint.

Industries with strict hygiene and safety standards, like the food and pharmaceutical sectors, are increasingly adopting presswood pallets. Presswood pallets offer a sterile platform for storing and transporting products. Unlike traditional wooden pallets, Presswood pallets are free from pests, bacteria, and contaminants. The smooth surfaces of presswood pallets reduce the risk of product damage during handling. This also promotes safety and minimize the chances of accidents or contamination.

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Many industries are actively seeking alternatives to plastic pallets due to environmental concerns. Presswood pallets provide a viable solution as they are made from natural materials and can be recycled or repurposed at the end of their lifecycle. This trend is likely to present an opportunity for the presswood pallets market to capture market share from the plastic pallet industry.

The compatibility of Presswood pallets with automated material handling systems drives their popularity. The growing adoption of automation and warehouse robotics has increased the demand for pallets that seamlessly integrate with these systems. Presswood pallets, with their standardized dimensions and durability, are a suitable choice for automated processes. This compatibility enhances operational efficiency and leads to cost savings for businesses embracing automation technologies.

Businesses across various industries are experiencing a growing need for customized and high-quality pallets that cater to their specific requirements. This trend has opened up new avenues for enterprises capable of providing tailor-made presswood pallets. Moreover, the surge in popularity of reusable pallets has further intensified the opportunities for enterprises offering reusable presswood pallets.

Presswood pallet manufacturers are actively exploring strategies to improve the quality and functionality of their products while also providing customized options to meet the unique requirements of their customers. By incorporating innovative features such as RFID (Radio Frequency Identification) tracking, anti-slip surfaces, and ergonomic designs, these manufacturers aim to differentiate their presswood pallets in the market and unlock new avenues for growth.

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Key Takeaways from the Presswood Pallets Market

  • The presswood pallets industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 3.0% through 2033.
  • The United States held 18.9% share of the global presswood pallets industry in 2022.
  • With a CAGR of 6.0% over the forecast period, India is predicted to develop rapidly in the presswood pallets industry.
  • In 2022, Japan had a 6.1% share of the presswood pallets industry globally.
  • The presswood pallets industry in China is expected to speedily flourish, registering a CAGR of 6.3% over the forecast period.
  • Germany accounted for 6.9% of the global presswood pallets industry in 2022.

Competitive Landscape in the Presswood Pallets Market

Key players are focusing on various strategies to maintain a competitive edge and expand their market presence. This includes product innovation and development to offer pallets with enhanced durability, load-bearing capacity, and sustainability features. They are also investing in research and development to explore new materials and technologies for pallet manufacturing. Additionally, key players are expanding their distribution networks, forming strategic partnerships, and engaging in mergers and acquisitions to strengthen their market position and cater to the growing demand for presswood Pallets.

Recent Developments by Key Players

  • Litco unveiled a fresh website designed to streamline the process of purchasing export pallets, core plugs, inflatable dunnage, void fill, anti-friction mats, and desiccants through online channels.
  • Inka introduced a brand-new Presswood® Pallet, known as the F8LF4. It boasts a mere weight of 9kg while being engineered to support loads of up to 600kg.

Global Presswood Pallets Market Outlook by Category

By Product Type:

  • Nestable Pallet/Stackable Pallet
  • Rackable Pallet

By Size:

  • Full-size
  • Half-size
  • Quarter-size

By End Use:

  • Manufacturing & Warehousing
    • Food & Beverages
    • Chemicals
    • Automotive
    • Pharmaceuticals
    • Others
  • Logistics & Transportation
  • Building & Construction
  • Others

By Region:

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

About Future Market Insights Inc. (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:      

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Hyperlocal Delivery Apps Market Set for 22.6% CAGR Surge to US$ 8,856.6 Million by 2032

The global hyperlocal delivery app market is predicted to reach a valuation of around US$ 8,856.6 Million in 2032, with sales growing at a stellar CAGR of 22.6% from 2022 to 2032. The hyperlocal delivery app market is likely to reach an estimated value of US$ 1,155.2 Million by the end of 2022.

The market currently accounts for around 25% of the market share of the e-commerce platform. Elevated demand for speedy delivery applications with enhanced efficiency and minimal investment requirements is promoting the adoption of hyperlocal delivery apps in the delivery process.

Integration of advanced technological tools like artificial intelligence provides benefits like on-time delivery, optimized efficiency, and cost reduction resulting in fast turnaround times. This boosts the adoption rates of hyperlocal delivery apps. The incorporation of blockchain, too, ensures an accurate and hassle-free delivery process as it removes the hassles arising from hyperlocal logistics.

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Digitalization is transforming various industry verticals all over the world. It enables organizations to connect, communicate, and engage better with consumers as well as other businesses. The rapid adoption of digitalization by different e-commerce verticals to improve their supply chain interaction is expected to augment the demand for hyperlocal delivery apps in the global market. Moreover, the adoption of digitalization will attract tech-savvy, convenience-seeking Gen-Z consumers. This will bode well for the hyperlocal delivery apps market.

Key Takeaways from the Hyperlocal Delivery Apps Market Report:

  • Elimination of hindrances like warehousing, long-distance transportation, and logistic fragments to boost market possibilities.
  • Incorporation of AI and Blockchain to optimize app efficiency.
  • South Asia and Pacific to become the fastest growing hyperlocal delivery app market.
  • China is expected to present lucrative market opportunities over the forecast period.
  • Technological improvements to promote market growth in the U.S.
  • Dawn of q-commerce deliveries to drive sales in the hyperlocal delivery apps market
  • Mobile-based hyperlocal delivery apps to account for US$ 5,943.1 Million opportunity by 2032.
  • The food service sector to bolster the hyperlocal delivery apps market over the assessment period with a 21.6% CAGR.

More Insights into the Hyperlocal Delivery Apps Market Report:
In its latest report, FMI offers an unbiased analysis of the global hyperlocal delivery app market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032.

To understand the global market potential, growth, and capacity, the market is segmented based on type (web-based hyperlocal delivery app, mobile-based hyperlocal delivery app), industry (retail & CPG, medical & healthcare, food & beverages, courier express & parcel, others), and region.

Leading Key Players:

  • Click post
  • Jungleworks
  • Fare ye
  • Bringg
  • Shippo
  • Loginext
  • Shipstation
  • Anchanto
  • Stamps
  • Skedulo

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Hyperlocal Delivery Apps Market Segmentation:

By Type:

  • Web-based hyperlocal delivery apps
  • Mobile-based hyperlocal delivery apps

By Industry:

  • Retail & CPG
  • Medical & Healthcare
  • Food & Beverages
  • Courier Express & Parcel
  • Others

By Region:

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

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:        

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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AI Platform Market Soars US$ 254.14 Billion Forecasted by 2032, 38.2% CAGR Ignites Growth

The global AI platform market is expected to be worth US$ 10 billion in 2022, growing at a CAGR of 38.2% to be worth US$ 254.14 billion by the end of the forecast period of 2022-2032. The market was worth US$ 9.6 billion in 2021, and it is expected to grow by 4.2% year on year between 2021 and 2022.

Because decision-making is a critical point for service providers and various manufacturers, the AI platform market has grown. The AI platform market has boomed as players are now focusing on creating AI platforms and targeting niche solutions for solving specific enterprise problems, which has led to its growth.

The process that the AI platform goes through is learning which includes the acquisition of information for using the information, the other is reasoning which includes using rules to reach approximate or definite conclusions, and the last is self-correction.

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AI Platform Market: Drivers and Challenges:
One of the drivers for the AI platform market is the increase in the demand for AI-based solutions and products in the market. Another driver for the AI platform market includes the surplus amount of data available and developed using hardware or other sources.

This helps the AI platform work efficiently and reach out to the best possible results. Also, as there are technological advancements all around the world, there are growing innovations in AI technology which would lead to the growth of the AI platform market.

The ease of doing work is also a factor that is driving the market for AI platforms as this platform would help in the formation of intelligent business processes.

The factor that has been the major restraint for the AI Platform market is the skill gap which prevails in the market, and the use of AI platforms mostly for popular applications which keeps the other applications underdeveloped.

Leading Key Players:

  • Microsoft Corporation
  •  Google
  •  Amazon Web Services
  •  Infosys
  •  Wipro
  •  Premonition
  •  Rainbird Technologies
  •  Ayasdi Inc.
  • Mindmeld (Cisco Systems)
  • Facebook
  • Vital AI
  • Kasisto
  • Receptiviti
  • Locl Interactive Inc.
  • HPE
  • Qualcomm Technologies
  • Absolutdata
  • Salesforce
  • IBM Corporation
  • Intel

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AI Platform Market Segmentation:

By Component:

  • AI Tools
  • AI Machine Learning Platforms
  • AI Natural Language Processing Platforms
  • AI Services
    • Managed Services
    • Professional Services

By Deployment Mode:

  • Cloud-based AI Platforms
  • On-premise AI Platforms

By Application:

  • AI Platforms for Forecasts and Prescriptive Models
  • AI Platforms for Chatbots
  • AI Platforms for Speech Recognition
  • AI Platforms for Text Recognition
  • AI Platforms for Other Applications

By End User:

  • AI Platforms for Manufacturing
  • AI Platforms for Healthcare
  • AI Platforms for BFSI
  • AI Platforms for Education
  • AI Platforms for Transportation
  • AI Platforms for Retail and e-Commerce
  • AI Platforms for Robotics
  • AI Platforms for Other End Users

By Region:

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • Japan
  • APEJ
  • 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 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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Vacuum Shrink Bags Market is Likely to Attain a Valuation of US$ 2,267.6 Million by 2033 | FMI

Vacuum Shrink Bags Market
Vacuum Shrink Bags Market

The global vacuum shrink bags market size is anticipated to cross a valuation of US$ 1,392.1 million in 2023. It is projected to hit a valuation of US$ 2,267.6 million by 2033. The market is foreseen to thrive at a CAGR of 5.0% from 2023 to 2033.

In the food sector, vacuum shrink bags are frequently used for packaging and preserving perishable food items. Vacuum shrink bags aid in extending the shelf life of foods by eliminating air and establishing a vacuum-sealed environment. Without oxygen, bacteria, mold, and other microbes are less likely to thrive and harm the packed food’s freshness and quality. The market for vacuum shrink bags is growing significantly due to their capacity to preserve food.

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Beyond the food sector, vacuum shrink bags have other uses. They are employed in several industries, including medicines, electronics, the automobile industry, and industrial packaging. Vacuum shrink bags offer tamper-evident packaging in the pharmaceutical sector and safeguard delicate goods from contamination and moisture. They provide electrostatic discharge (ESD) protection for the electronics sector. Their adaptation and versatility facilitate the market expansion of vacuum shrink bags to various goods and sectors.

In defense against pollutants, dust, and other environmental irritants, vacuum shrink bags excel. The packaged goods are protected throughout transit, storage, and display owing to the bags’ strong seals and barrier qualities. By preventing tampering, damage, and spoiling, this protection ensures that the goods are delivered to customers in the best possible shape. The need for vacuum shrink bags is driven by the requirement for robust product protection in a variety of sectors.

Due to increased environmental concerns, there is a rising need for sustainable packaging solutions. Compared to conventional packaging materials like plastic sheets or trays, vacuum shrink bags provide environmentally beneficial alternatives, particularly those manufactured from recyclable or biodegradable materials. Vacuum shrink bags support the circular economy and environmental goals by boosting recycling and decreasing material waste.

Key Takeaways from Vacuum Shrink Bags Market Report:

  • In 2018, the global market size stood at US$ 1,144.9 million.
  • In 2022, the global market size stood at US$ 1,325.8 million.
  • In 2022, the polyethylene segment captured 34.1% shares in the worldwide market.
  • In 2022, North America accounted for 26.1% of shares in the global market.
  • In 2022, Europe captured 21.2% shares in the worldwide market.

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Recent Developments Observed by FMI:

  • To save energy and extend the shelf life of the completed product, MULTIVAC aspires to make it feasible to directly vacuum-pack hot food without first cooling it with the introduction of its new SFP Light steam flushing technology in December 2022.
  • In February 2021, Eco-Tite® R, a shrink bag for fresh and processed meat, poultry, and select cheeses, was unveiled by Amcor, a packaging innovator on a worldwide scale. Amcor Eco-Tite® R is designed to increase shelf life, maintain food safety, and decrease food waste, and it can be recycled in the existing polyethylene (PE) plastic recycling streams.

Market Segmentation

By Material Type:

  • Polyethylene (PE)
  • HDPE
  • LLDPE
  • LDPE
  • Polypropylene (PP)
  • Polyamide (PA)
  • Bo-axially Oriented Polyethylene Terephthalate (BOPET)
  • EVOH
  • Inorganic Oxide Coatings
  • PVDC
  • Others

By Barrier Type:

  • Low Barrier (1000 to 100 cc-mil/m2-atm)
  • Medium Barrier (100 to 50 cc-mil/m2-atm)
  • High Barrier (50 to 0.1 cc-mil/m2-atm)
  • Ultra High Barrier (0.1 cc-mil/m2-atm)

By Thickness:

  • Up to 50 microns
  • 50 to 70 microns
  • 70 to 90 microns
  • 90 to 110 microns
  • Above 110 microns

By Application:

  • Food
  • Meat
  • Seafood
  • Poultry
  • Cheese and Dairy
  • Other Food Products
  • Electronics
  • Cosmetics & Personal Care
  • Homecare
  • Healthcare
  • Industrial
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East & Africa (MEA)

About Future Market Insights Inc. (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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DC Power Supply Module Market Hits Stride US$ 700M Projected by 2032 with 4.35% CAGR

The global DC power supply module market is on a trajectory of impressive expansion. The year 2022 is poised to witness a valuation of US$ 457 million, and this growth is anticipated to continue with a steady CAGR of 4.35% over a decade, ultimately reaching a substantial US$ 700 million by 2032.

The driving force behind this remarkable ascent lies in the surging demand for both renovation undertakings and the advancement of residential and commercial construction projects. As these domains experience rapid development, the need for versatile power supply solutions intensifies, propelling the DC Power Supply Module market forward.

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Introduction to DC Power Supply Modules: Streamlined Power Generation:
DC power supply modules stand as isolated, compact, and seamless drop-in converters, offering a switch-mode mechanism for generating constant voltage. Remarkably, these modules function as self-sufficient components, negating the need for additional external circuitry. A standout feature of DC power supply modules is their plug-and-play nature, significantly expediting and simplifying product development. These modules cater to contexts where diminutive and space-efficient power supply components are requisite.

Key Market Dynamics: Noteworthy Transformations:
The comprehensive report, meticulously crafted by FMI analysts, stems from exhaustive studies encompassing monetary, environmental, social, technological, and political facets of specific demographics. This scrutiny delves into pivotal data to gauge manufacturers’ revenue and production across diverse regions. Moreover, the report entails an in-depth examination of significant shifts in market dynamics both in the recent past and the foreseeable future.

Market Competitiveness: Leading Participants:
Dominating the global DC Power Supply Module market landscape are key players such as Franklin Electric Co., Asmo Co. Ltd., Ametek Inc., Sony Corporation, Bayer AG, Whirlpool Corporation, Toyota, Accurate Electric Motor & Pump Co., American Crane & Equipment Corp., Bruce Electric Equipment Corp, Tesla Motors, Hansen Motors, ATS Automation Tooling Systems, Inc., and various other DC Power Supply Module manufacturers.

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Strategic Acquisition in Focus:
A notable development unfolded in January 2022, as Franklin Electric Co., Inc.’s wholly-owned subsidiary, Headwater Companies, LLC, successfully acquired Blake Group Holdings, Inc. for US$ 27.1 million in cash. This Connecticut-based groundwater distribution company maintains a presence across fourteen locations in the northeastern United States. The acquisition contributes to the expansion of Franklin Electric’s operational footprint and is bolstered by Blake’s consolidated annual sales of approximately US$ 74 million.

DC Power Supply Module Market Segmentation:

By Application:

  • DC Power Supply Modules for HVAC Equipment
  • DC Power Supply Modules for Aerospace & Transportation
  • DC Power Supply Modules for Household Appliances
  • DC Power Supply Modules for Industrial Machinery
  • DC Power Supply Modules for Motor Vehicles
  • DC Power Supply Modules for Other Applications

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • SEA & Others of APAC
  • China
  • Japan
  • 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 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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Authentication Solution Market En Route to US$ 56.3 Billion by 2032, Growing 14.4% CAGR

The authentication solution market is poised for remarkable growth, with projections indicating that it will surge to an impressive US$ 56.3 Billion by the year 2032. This anticipated expansion represents a substantial CAGR of 14.4% over the period spanning from 2022 to 2032

The robust growth trajectory of the authentication solution market can be attributed to the ever-increasing importance of security and data protection in today’s digital age. As businesses and individuals become more reliant on digital platforms and remote access, the demand for advanced authentication solutions, such as biometrics, multi-factor authentication, and secure identity verification, continues to soar.

This market’s growth underscores the critical role that authentication solutions play in safeguarding sensitive information and ensuring the integrity of online interactions in an increasingly interconnected world.

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Key Takeaways from the Authentication Solution Market Report:

  • By authentication type, the single-factor authentication solution market is growing dominantly with a CAGR of around 12.9% between 2022 & 2032.
  • By enterprise size, demand for authentication solutions from small & mid-sized enterprises (SMEs) is estimated to be growing at a higher rate than large enterprises.
  • By industry, the BFSI industry will hold the highest market share by 2032. However, the healthcare industry is projected to showcase a significant growth of around 18.1% between 2022 & 2032.
  • By region, North America authentication solution market in 2021 was holding the highest market share of around 32.2%
  • South Asia & Pacific region is estimated to grow at a CAGR of around 18.1% in the forecast period.

The authentication solution market encompasses technologies and services designed to verify and secure user identities across various digital platforms. This market is driven by increasing concerns over data breaches, regulatory compliance, and the growing adoption of cloud-based services. Key players offer a range of authentication methods such as biometrics, multi-factor authentication, and adaptive authentication to meet the diverse security needs of organizations. The market is expected to continue growing as businesses prioritize robust identity verification measures to safeguard sensitive information and ensure user trust.

Leading Key Players:

  • IBM
  • HID Global
  • JumpCloud
  • RSA Security
  • Gemalto (Thales)
  • Duo Security (Cisco)
  • Avatier
  • Entrust Datacard
  • TrustBuilder
  • Broadcom
  • REVE Secure
  • OneSpan
  • Specops Software
  • Veridium
  • RCDevs
  • eMudhra
  • Symantec Corporation
  • IDEMIA
  • inWebo Technologies

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Authentication Solution Market Segmentation:

By Authentication Type:

  • Single Factor Authentication
  • Multi-Factor Authentication

By Enterprise Size:

  • Large Enterprises
  • Small and Mid-Sized Enterprises (SMEs)

By Industry:

  • IT & Telecom
  • BFSI
  • Healthcare
  • Manufacturing
  • Retail
  • Government
  • Others

By Region:

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

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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Weather Forecasting Services Market Eyes 6.7% CAGR, US$ 4.5 Billion Surge by 2032

The weather forecasting services market is expected to generate US$ 2.35 billion by 2022, from an estimated US$ 2.2 billion in 2021. By 2032, the market is expected to reach US$ 4.5 billion, with a 6.7% CAGR during the forecasted period of 2022–2022. The market’s growth can be due to the increasing need in end-use industries including transportation, logistics, and renewable energy to boost productivity and cut costs in various developing nations.

It is anticipated that the business will experience significant development opportunities throughout the forecasting period due to the growing use of short-range weather forecasting services to forecast environmental conditions.

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On the other hand, it is projected that the primary impediment to the market’s expansion will be the underlying nonlinearity of weather forecasting models. The process’ rising complexity as a result of the proper integration and analysis of a massive amount of data is another barrier inhibiting the industry’s progress over the Forecasting period.

Key Takeaways from the Weather Forecasting Services Market Report:

  • Weather forecasting services for agriculture capture the largest revenue share of more than 60%
  • Medium-range Forecasting services segment to expand at a CAGR of 6.7% during the Forecasting period
  • The U.S market is expected to secure US$ 1.44 Billion while expanding at a CAGR of 7%
  • China to record a CAGR of 6.8% during the 2022-2032 period of assessment

Competitive Landscape:

  • In January 2022, Global weather and digital media leader AccuWeather announced the acquisition of? Paris-based environmental technology company Plume Labs®?for an undisclosed amount, effective immediately. The deal is AccuWeather’s 15th?acquisition since its founding 59 years ago.? AccuWeather integrated the company into? January 2022? and the deal was closed in December of 2021.
  • In May 2022, DTN, a global data, analytics, and technology company began testing the high-performance computing (HPC) capabilities of Amazon Web Services (AWS) and running data processing and modeling workloads on? Amazon Elastic Compute Cloud?(Amazon EC2), a service that provides secure, resizable computing capacity in the cloud.

Leading Key Players:

  • AccuWeather, Inc.
  • DTN
  • Earth Networks
  • Fugro
  • Met Office
  • Precision Weather Service
  • Spire Global
  • StormGeo
  • The Tomorrow Companies Inc.
  • The Weather Company (IBM)

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Weather Forecasting Services Market Segmentation:

By Forecast:

  • Nowcasting Weather Forecasting Services
  • Short-range Weather Forecasting Services
  • Medium-range Weather Forecasting Services
  • Long-range Weather Forecasting Services

By Organization Size:

  • Weather Forecasting Services for Large Enterprises
  • Weather Forecasting Services for Small & Medium Enterprises

By Industry:

  • Weather Forecasting Services for Agriculture
  • Weather Forecasting Services for Aviation
  • Weather Forecasting Services for Energy & Utilities
  • Weather Forecasting Services for Renewables
  • Weather Forecasting Services for Retail
  • Weather Forecasting Services for Manufacturing
  • Weather Forecasting Services for Media
  • Weather Forecasting Services for Logistics & Transportation
  • Weather Forecasting Services for the Marine Industry
  • Weather Forecasting Services for Other Industries

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The 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 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
LinkedInTwitterBlogs | YouTube