Rotels Market is Estimated to Reach US$ 22 Bn in 2022 | FMI

According to a recent report by Future Market Insights (FMI), the Rotel market is expected to surpass a valuation of US$ 22 Bn in 2022 and at a CAGR of approximately 11.6% through 2032. Wanderlust Combined with the Desire of Pleasant Accommodation will benefit the Growth of Rotels Market: FMI Study.

Travelers all around the world are always looking for something new and interesting to feed their unceasing desire of wanderlust. Searching for good place to stay along with traveling often makes the tour hectic for the travelers. This scenario is taken care by just opting for a rotel suitable for traveler’s route. Once they have decided the type of rotel according to their wish, the only job left for the travelers is to enjoy their journey without any extra complications that might add on when travelling individually or when the travel and accommodation has to be operated separately.

Rotels also offer exciting tour packages with luxurious experience which is something every traveler craves for. These travel tours often comprise of pilgrim routes, routes that have historical and cultural importance and also the routes with heart melting scenic views.

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In addition to this, there are several emerging companies who are willing to have a share of this market. Hence, the promotion of these new hotels on wheels is happening on a great pace gaining the attention of tourists. These new companies are taking rotel concept on next level by addition of new routes of travel and world class cuisine offered on board.

“New technology being introduced and the sector dominated by leading player of automotive will take rotels market to new heights “Says an FMI analyst.

Key Takeaways from the Rotel Market Study

  • Germany followed by India dominated the market and held the largest revenue share of in 2021. Germany, India and France are the key markets for Rotel globally.
  • In terms of booking channel, online booking segment is estimated to account for the relatively highest value share in the Rotel market as this mode of booking is very convenient and various discounts and offers by the agencies encourage tourist to opt for online mode of booking.
  • In terms of vehicle type, railway segment leads in terms of market share as there are lot of options and traveling by railway provides more comfort and luxury.
  • In terms of tourist type, domestic segment dominated the Rotel market in 2021, as travellers are more familiar with the rules, laws and tax policies pertaining in their region.
  • In terms of age group, 26 to 35 age segment dominated the market, as they are energetic, inquisitive, and adventurous, with a positive attitude toward indulging in and exploring new places, as well as having a general understanding of their respective culture and theme.

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Impact of COVID-19 on the Market

The COVID-19 outbreak has emerged as a major threat to the global travel and tourism industry, severely affecting the Rotels industry as well. However, the global pandemic has also accelerated the rate at which digital technology is utilized into everyday life. Across the Rotel sector this includes online reservation systems, also the rotel companies have made a good use of this pandemic break by adding exciting packages in their deals. The rotel industry having the ability of travelling and accommodation at the same time will help in boosting the Rotel in coming years.

Who is winning?

The players operating in the Rotel industry have adopted various developmental strategies to expand their market share, exploit the Rotel market opportunities, and increase profitability in the market. Major players present in the Rotel market are Das Rollende Hotel, Truck Surf Hotel, Radisson Blue, Georg Höltl GmbH & Co.KG (Rotel Tours), Audley Travel Group Limited, Palace on Wheels, Midnight Trains, Caledonian Sleeper, Anderson Mobile Estates (The Heat) among others.

Rotel Market by Category

By Vehicle Type Rotel Market is segmented as:

  • Railway
  • Bus
  • Van

By Booking Channel Rotel Market is segmented as:

  • Phone Booking
  • Online Booking
  • In person Booking

By Tourists Type, Rotel Market is segmented as:

  • Domestic
  • International

By Tour Type, Rotel Market is segmented as:

  • Independent Traveler
  • Tour Groups
  • Package Traveler

By Age Group, Rotel Market is segmented as:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46- 55 Years
  • 56-65 Years
  • 66-75 Years

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Future Market Insights, in its new offering, provides an unbiased analysis of the Rotel publishers market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Rotel Market By Vehicle (Railways, Bus, Van), Regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA), Booking Channel (Online booking, Phone Booking, In person Bookings), Tourists Type (Domestic and International), Tour Type (Independent Traveler, Tour Group and Package Travelers), Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years,56-65 Years, 66-75 Years)and Regions – Forecast to 2022-2032.

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Assisted Walking Devices Market is anticipated to reach a revenue of US$ 6.33 Bn by 2032 | Says FMI Analyst

The Global Assisted Walking Devices Market is expected to grow at a moderate 6.4% CAGR during the forecast period. The market is currently valued at US$ 3.62 billion in 2022. The global market for assisted walking devices is expected to reach a high of US$ 6.33 billion by 2032.

Increased average old age, huge consumer base coupled with increasing incidences and rise in prevalence is summing up and fueling the sales of assisted walking devices like walkers, rollators, knee scooters, wheelchairs etc.

The government financial support and initiatives are also thriving the sales of assisted walking devices. Neurological diseases & injuries are also pushing the demand for assisted walking devices.

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Walking assist devices provide balance, support, and ultimately, the subsequent ability to survive independently. The aforementioned factors are responsible for the increasing geriatric population getting attracted to these devices, fueling the demand for assisted walking devices.

Sales of assisted walking devices are attributed to the latest technological integration with the assistive devices that help the disable end users are holding hands with the government and private spaces to adopt these innovative devices that help walking disabled people.

Demand for assisted walking devices has increased from the last forecast period as governments have increased healthcare expenditure and funding for technological integration like the use of robotics in these assistive devices to help the patient.

Key Takeaways from Market Study

  • According to the assisted walking devices market analysis states that walker segment is the leading vehicle type segment in the assisted walking devices market, attributing to enhanced stability by this equipment, higher mobility and its helping factor in physical activities in physically handicapped individuals.

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  • Gait trainers’ segment is expected to witness a maximum CAGR of 8.6% during the forecast period. This is due to the rising number of cerebral palsy and Parkinson’s disease, proliferating spinal injuries. These fuels the sales of assisted walking devices.
  • North America is forecasted to hold the major revenue in the global Assisted walking devices market by the end of 2032, holding 35.6% of revenue while thriving on triggers like high prevalence of target diseases, such as arthritis, Parkinson’s disease, and other chronic disabilities in this region.

“The assisted walking devices market survey explains that the use of platforms like artificial intelligence, machine learning and robotics are shaping the trends for the market. The manufacturers look for new innovative ideas to make sure that the end user gets the most of the help. The high number of accidents happening leads to the use of these devices more often. Introduction of the latest advanced mobility scooters, automated rollators and transfer lifts.” says a Future Market Insights analyst.

Competitive Landscape

Assisted walking devices market has various key competitors that focus on expanding their supply chain while expanding the sales channel. The key competitors focus on advancing technology and experimenting with the latest tools to deliver better convenience. This makes the competitive landscape more dynamic and versatile, owing to the expansion of assisted walking devices market size. 

  • Eastman has introduced its UV repellent Assisted walking devices to prevent the damages of everything driving like rocks and pebbles, road salt, road debris and sand. This pushes the demand for Assisted walking devices.
  • Solar Screen smart film solution has launched its adhesive film automotive, enabling the end user to tint the windows and windscreens using a variety of colors, flourishing the sales of Assisted walking devices.

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Key Segments Covered in Assisted walking devices Industry Research

By Product Type:

  • Canes
  • Crutches
  • Walkers
  • Gait Trainers

By Region:

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

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Lake Vacation Market is Estimated at US$ 205.05 Million in 2022 | FMI

The Lake Vacations Marketis estimated at US$205.05 Million in 2022 and is projected to reach US$ 245.0 Million by 2032, at a CAGR of 12% from 2022 to 2032.

Global nature fund (GNF), the Senate Administration for Justice in Berlin has registered GNF, a non-profit, private, autonomous international foundation for the preservation of the environment and nature. The development of Lake Tourism is supported by the tourism and leisure sectors. It promotes social development and job creation within the region. It keeps millions of jobs in the hotel industry alive.

Key Takeaways:

  • The North America and Asia Pacific regions hold a market share of ~29% and ~26% respectively.
  • The Covid-19 pandemic had a 0.55% impact on the value of the Lake Vacation Market.
  • Online booking channels lead the charts in Lake tourism market booking channel segmentation.
  • S, Australia, UK, Italy are some of the most popular destinations for Lake Vacation Market.
  • Promoting domestic tourism and supporting safe returns of international tourism.
  • The U.S. is home to hundreds of remarkable lakes both big and small.

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Impact of COVID-19 on the Lake Vacation Market

As the COVID-19-affected economies continue to spin out of control, governments and companies will place a high focus on protecting their populations. But in order to address the effects of the stock market decline on worldwide revenue and stock prices, governments and corporations will need to move rapidly.

The COVID-19 outages have had an effect on almost every region of the world, and the tourism industry has been among those most severely affected. The travel restrictions were implemented, and they directly affected hotel workers as well. The hospitality and leisure sectors are likewise working assiduously to comprehend and quantify the operational and financial repercussions for their businesses while responding quickly and keeping their attention on the task at hand and take decisions to close hotels, restaurants, and other public places.

Who is winning?

Hotels close to lakes also provide calming massages, yoga, tai chi, and meditation. Every year, thousands of tourists take advantage of the numerous amenities offered by lake hotels, which supports a booming global lake vacation sector and keeps hotels competitive by providing all-inclusive packages and sparing travellers the bother of navigating several channels for their trips. Investments and government initiatives are stimulating the market and assisting businesses in providing better services.

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Leading players operating in the Lake Vacation Market are TourTravelWorld.Com, Central Holidays, EnLive Trips, Hello Travel, Eastmytrip.com, Expedia, Inc., Viha Vacations.com, Tripnetra.

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Future Market Insights, in its new offering, provides an unbiased analysis of the global Lake Vacation market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the Lake Vacation market based on Accommodation type (Hotels, Home, Apartments, Resorts/ Condominium, others), booking channel (phone booking, online booking & in person booking), tourist type (domestic & international), tour type (independent traveller, tour group & package traveller), consumer orientation (men & women), age group (15-25 years, 26-35 years, 36-45 years, 46-55 years, 66-75 years), across seven major regions.

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Burma Tourism Market Will Expand at a 2% CAGR through 2032 | FMI

The Burma tourism market is poised to reach a valuation of US$ 1.02 Million in 2022. Sales are projected to increase at a 2% CAGR, with the market size reaching US$ 1.52 Million by 2032.

The Myanmar’s government has stated that it will invest 500 million USD to modernize its tourism infrastructure. The Asian Development Bank and the Norwegian government will work together to carry out the strategy.

Creating a Tourism Executive Coordination Board to house numerous tourism-related agencies is the cornerstone of the growth plan. New police infrastructure for tourists is also described in the plan. The 38 projects in Myanmar’s development plan are aimed at all forms of transportation. The Mandalay and Nay Pyi Taw airports’ capacities will be emphasized in order to promote greater air travel by tourists.

The Bagan river port will have upgrades in order to attract more cruises. Of course, plans also call for adding extra highways in places with a high tourist density.

The Myanmar Tourism Master Plan has six strategy programs. The strategies include enhancing destination planning and management safeguards and procedures, enhancing human resource capacity and promoting service quality, developing high-quality goods and services, enhancing connectivity and infrastructure related to tourism, and enhancing the image, position, and brand of Tourism Myanmar.

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There are a number of beneficial social effects of tourism. Tourism may have an impact on local residents’ life objectives and open up options for business ownership. Additionally, a brand-new tourism facility could boost the people’ capacity to impact various political issues. If the community is taken into account throughout the design process a more sustainable solution might be devised where customs and It is possible to incorporate customs and foster cultural pride. The inhabitants of the host country may feel more confident and proud of its inter cultural interactions.

 “Strategic planning and development in infrastructure and development in institutional environment are needed for adaptive tourism to assess the ability of new areas to become viable tourism destinations as market demand changes. “Says an FMI analyst.

Key Takeaways:

  • The Covid-19 pandemic had a 100% impact on the value of the Burma Tourism market.
  • Cities like Mandalay and Yangon, religious sites in Bago, Pindaya, and Mon State, and nature trails in Putao, Kengtung, and Inle Lake are among the most visited places in Burma.
  • Leading players in the Burma Tourism market are estimated to account for approximately 1%-4% of the total market share.
  • By booking channel, the online booking segment is anticipated to hold a noteworthy share of 51%.
  • In terms of age group, demand in the 26-35 segment will continue gaining traction through 2032.
  • Based on tourist type, domestic tourist segment will remain high over the forecast period.

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Impact of COVID-19 on the Burma Tourism Market

The COVID-19 pandemic and government lockdown in Myanmar have had a negative impact on the economy by causing a decline in exports, as well as a loss of money from tourism and international remittances.

Pandemic has completely destroyed the global tourist and hospitality sector, resulting in widespread unemployment and placing airlines, hotels, and travel agencies in dire financial straits. According to the World Travel & Tourism Council, there has never been a crisis as severe for the worldwide business as the current one, with the sector expected to lose a staggering 100 million jobs as a result of the coronavirus epidemic (WTTC). According to WTTC study, the astonishing number has climbed by over 30% over the last four weeks, highlighting the sector’s severe predicament.

The scenario in Myanmar is similar to that in the majority of other countries; industry sources and reports point to a considerable loss in jobs in the sector, the closure of numerous enterprises, the future of hotels and restaurants being uncertain, and a recovery that might take years. In addition, the pandemic’s impact on the closure of public spaces and tourism-related activities contributed to the market’s total collapse during the crisis.

But in light of this circumstance, participants are now concentrating on promoting and revitalising their businesses through a variety of strategies, like the creation of online platforms and the provision of top-notch travel services, as this enables them to reach a larger consumer base at a lower cost.

Who is winning?

Leading players of Burma Tourism are focusing on promotional strategies and advertising popular tourist destinations in Burma Tourism to improve sales in the market.

Major players present in the Burma Tourism market are EMH Tours & Travel group, Aitken Spence Travel, Intrepid Travel, Legend Travel, Asia Focus Travel and among others

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Burma Tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the Burma Tourism market based on the tourism type (cultural & heritage tourism, medical tourism, eco/sustainable tourism, sports tourism, wellness tourism & others), booking channel (phone booking, online booking & in person booking) tourist type (domestic & international), age group (15-25 years, 26-35 years, 36-45 years, 46-55 years, 66-75 years) across seven major regions.

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Ocular Tuberculosis Therapeutics Market is predicted to advance at a CAGR of 5.8% from 2022 to 2032.

The Global Ocular Tuberculosis Treatments Market is expected to be worth US$ 753.2 million by 2032, up from US$ 405.0 million in 2022, and to grow at a 5.8% CAGR during the forecast period.

Tuberculosis is caused by a causative agent named Mycobacterium tuberculosis, which can lead to affecting any part of the body including eye. When ocular tuberculosis is truck by mycobacterium tuberculosis it can affect any part of the eye including superficial, intraocular or area surrounding the eye. With or without systemic involvement.

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Secondary ocular tuberculosis occurs due to the haematogenous spread from distant site or sometimes by direct invasion from adjacent structures, like the sinus or cranial cavity. Posterior uveitis is the most common presentation of intraocular TB while it forms an initial presentation of extra pulmonary dissemination of infection.

Ocular Tuberculosis Therapeutics Market: Drivers and Restraints

The primary driver of the ocular tuberculosis therapeutics is the increasing number of cases in the population. For instance, according to the WHO 2015 report, there were 9,557 tuberculosis cases (a rate of 3.0 cases per 100,000 persons) in the United States, a 1.6% increase in the number of TB cases compared to cases reported in 2014. Moreover, regulatory reforms to support a regime or combination of drug treatment rather than a single medicine is also expected to boom the demand for ocular tuberculosis therapeutics market.

In August 2016, the European Medicines Agency (EMA) launched a public consultation on revised guidance for companies developing new drugs to treat tuberculosis. EMA feels that the current treatment and the guidelines cannot address the problem as they are slow, complex, and lengthy and develop multiple drug resistance tuberculosis.

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Ocular Tuberculosis Therapeutics Market: Overview

There are different mechanisms through which ocular tuberculosis may occur, involving the lid, conjunctiva, cornea, and sclera. In past years there has been a rise in the prevalence of tuberculosis owing to which there is an increasing government involvement and awareness programs. The increase awareness for Ocular Tuberculosis Therapeutics and active participation of government organization is anticipate to drive the growth of Ocular Tuberculosis Therapeutics market over the forecast.

In April 2017, Cebu City Jail made HIV and tuberculosis testing mandatory for the inmates. To date, there are 135 inmates diagnosed with HIV and 32 with tuberculosis. Seventeen inmates have died due to various illnesses. Apart from some of the inmates already having tuberculosis or HIV, there is no proper medical check-up protocol when an inmate is transferred to the facility and that jail cells are congested. This lack of medical check-up protocol is expected to hinder the growth of ocular tuberculosis therapeutics market over the forecast period.

Based on treatment type, the Ocular Tuberculosis Therapeutics market is segmented into First line treatment & Second line treatment. Second line of treatment for Ocular Tuberculosis Therapeutics includes Fluoroquinolones, Aminoglycosides, Cycloserine, Polypeptides, p-Aminosalicylic Acid & Thioamides. Combination treatment for Ocular Tuberculosis is anticipate to witness significant growth in overall Ocular Tuberculosis Therapeutics market.

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Ocular Tuberculosis Therapeutics Market: Region-wise Outlook

In terms of geography, ocular tuberculosis therapeutics market has been divided into seven regions including North- America, Eastern Europe, Western Europe, and Asia- Pacific excluding Japan, Japan Middle-East & Africa and Latin America. North America Ocular Tuberculosis Therapeutics is expected to remain the dominating region while Asia Pacific Ocular Tuberculosis Therapeutics is expected to emerge as a fastest growing region.

In Asia Pacific region apart from the huge population base and the high prevalence rate of tuberculosis, there are research grants offered by the various organizations in Ocular Tuberculosis Therapeutics to bring in more product developments. Such investment is encouraging academic and corporate partnership to focus of Ocular Tuberculosis Therapeutics development and commercialization. In June 2017, Dr Soumyava Basu received a grant of US$ 46,638 from the Department of Health Research (DHR) and the Indian Council of Medical Research (ICMR) to conduct a clinical trial on ocular TB research.

Ocular Tuberculosis Therapeutics Market: Key Market Participants

Some of the ocular tuberculosis therapeutics market participants are AstraZeneca, Bayer HealthCare AG, Biological E, BioVersys, Cadila Pharmaceuticals, Concept Pharmaceuticals Ltd., Infectex, Johnson & Johnson, Labatec-Pharma SA, Lupin Pharmaceuticals Inc., Macleods Pharmaceuticals Ltd., Maneesh Pharmaceuticals, Novartis, Otsuka Novel Products, Pfizer, Pharmasyntez, Sandoz, Sanofi, Sequella, Inc., and Themis Medicare Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Ocular Tuberculosis Therapeutics Market: Segmentation

On the basis of treatment the ocular tuberculosis therapeutics market can be segment as:

  • First line treatment
  • Rifampicin
  • Isoniazide
  • Ethambutol
  • Pyrazinamide
  • Second line treatment
  • Flouroquinolones
  • Aminoglycosides
  • Cycloserine
  • Polypeptides
  • p-Aminosalicylic Acid
  • Thioamides
  • Combination Therapy

On the basis of end user the ocular tuberculosis therapeutics market can be segment as:

  • Hospital
  • Clinics
  • Ambulatory Surgical Centers

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Shipping Supplies Market Analysis of Key Trends, Industry Dynamics and Future Growth 2027

In recent times, logistics and shipping industry have seen a tremendous growth and is expected to expand during the forecast period. As a result of the increasing logistics industry, the need for packaging of goods are also getting traction. Shipping supplies are useful for packaging of goods which are to be transported from a cargo ship or airplane.

Shipping supplies mainly contain packaging types such as envelopes, labels, protective packaging, wraps, tubes, tags, etc. Shipping supplies used for packaging protects the cargo from several elements such as accidents, heavy rain, excessive temperature, humidity, etc. Shipping supplies mainly focus on the packaging requirements of goods while they are being transit.

As a result of this, it is the responsibility of packaging convertors to design as per travelling conditions and protect the cargo while they are in transit. Shipping supplies are mainly used for various end users such as financial institutions, hospitals, hotels, courier services, national retail companies, government organization, etc.

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Global Shipping Supplies Market 

Key players:

Few of the key players in the shipping supplies market are

  • Uline, Inc.,
  • International Plastics Inc.,
  • Stamar Packaging,
  • UWAY Packaging Supplies.,
  • Ferguson Box Company,
  • Volk Packaging Corporation,
  • Western Container Corporation,
  • Great Little Box Company Ltd.,
  • Liaoning Hengyue Printing And Packaging Co., Ltd.,
  • Dahua Brother Enterprise Co., Ltd., etc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Global Shipping Supplies – Market Dynamics

Logistics and shipping industry have seen tremendous growth due to weakening of trade laws and also increase in import and export of countries across the world are driving the growth of shipping supplies market. In addition, the development of industries in several countries across the globe are indirectly increasing the consumption of shipping supplies for packaging.

Furthermore, logistics companies always have concerns regarding the safe delivery of cargo and as a result of this, they want the packaging to be a major part of the transit. All these factors are positively impacting the market for shipping supplies over the forecast period 2017-2025. Moreover, strict norms regarding trade barriers in some countries across the globe are undesirably impacting the market for shipping supplies.

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Global Shipping Supplies – Market Segmentation

The global shipping supplies market can be segmented by the material type, by product type, and by application.

On the basis of material type, the global shipping supplies market is segmented into –

  • Plastic
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Polyvinyl Chloride (PVC)
  • Others
  • Paper & Paperboard
  • Metal
  • Glass
  • Wood

On the basis of product type, the global shipping supplies market is segmented into –

  • Folding carton
  • Wooden crates
  • Corrugated boxes
  • Barrels
  • IBCs
  • Strapping
  • Labels
  • Bags & Envelops
  • Others

On the basis of end users, the global shipping supplies market is segmented into –

  • Courier service companies
  • Financial institutions
  • Government organization
  • Hospitals
  • National retail companies
  • Hotels
  • Academic institutions
  • 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.

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Capillary Underfill Material Market 2022 Key Factors and Emerging Opportunities with Current Trends Analysis 2027

Underfill materials are fused formulations of inorganic fillers and organic polymers which can be used as a semiconductor packaging to attain better quality of thermo-mechanical presentation. Polymer adhesives are mainly used to underfill material which distributes the mechanical stress at the joint which happens due to the modification in the thermal expansion factors.

Numerous amine and phenolic based epoxy things are used in semiconductor packaging industry for underfill material. High thermal constancy and rework ability are preferred characteristics for underfill material in the semiconductor packaging industry which are used in various packaging techniques such as chip scale packaging (CSP), ball grid array (BGA), and flip chip,  etc.

Molded underfill (MUF), Capillary underfill (CUF) and no flow underfill (NUF) are some techniques which are used in underfill materials. The global semiconductor packing trade (underfill material parent market) is expected to frequently expand at high growth rates in the anticipated period.

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Global Capillary underfill Material Market: Key Players

Some of the players operating in the Capillary underfill Material includes

  • Namics Corporation,
  • Zymet,
  • Nordson Corporation,
  • Epoxy Technology Inc.,
  • YINCAE Advanced Material, LLC,
  • H.B. Fuller,
  • Master Bond and
  • Henkel Ag & Co. Kgaa,

and few other regional players.

According to the research report, above players are increasingly investing in research and developmental activities to develop solutions in order to improve their technological advancements and to enhance the product portfolio and broaden their consumer base.

Global Capillary underfill Material Market: Drivers

The Global Capillary underfill Material Market is expected to witness sustained growth over the forecast period. The growth of global capillary underfill material market is driven as there is favorable growth in the recent developments in the electronic industry is a major factor which will boost the global capillary underfill material market.

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The regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts

Global Capillary underfill Material Market: Regional Outlook

On the basis of the geographical market segment, it is segmented into seven different regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region, Japan and the Middle East and Africa.

In regional segments, Asia-Pacific is the leading market for the Global Capillary under fill Material Market and is anticipated to continue its position during the forecast period followed by North America and Europe. Asia-Pacific is considered as a most attractive market in terms of revenue for Global Capillary underfill Material.

Global Capillary under fill Material Market: Segmentation

Based on the Product Type, Capillary underfill Material market can be segmented into:

  • No Flow Underfill Material
  • Molded Underfill Material
  • Others

Based on the Application, Capillary underfill Material market can be segmented into:

  • Flip Chips
  • Ball Grid Array (BGA)
  • Chip Scale Packaging (CSP)
  • Others

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Flip Top Caps And Closures Market: Market Players Leveraging on Growth Opportunities 2022 – 2032

Flip top caps and closures help in achieving the ideal product packaging. It offers easy-to-open packaging. With the application, of flip-top caps and closures, customers can easily open and close the bottle, blister pack, clamshell package, and other containers.

Rising demand for several food products, alcoholic, & non-alcoholic beverages is projected to drive the market during the forecast period. Flip top caps and closures have applications in various other end-use sectors such as personal care, pharmaceutical, automotive, and home care.

The flip top caps and closures market is expected to take a turn for the better, rising at a CAGR of 5.2% during the forecast period ranging from 2022 to 2032. According to Future Market Insights, sales of flip top caps and closures in 2022 are likely to total US$ 65 Billion, and will eventually increase at the aforementioned CAGR to be valued at US$ 108 Billion.

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Global Flip Top Caps and Closures Market: Key Players

The main player of flip top caps and closures market are

  • Blackhawk Molding Company Incorporated,
  • Amcor,
  • BERICAP holdings,
  • Global Closure Systems,
  • Crown Holdings,
  • Siligan Holdings,
  • Reynolds Group Holdings,
  • Closure Systems International,
  • Oriental Containers,
  • Guala Closures Group,
  • Berry Plastics,
  • Pelliconi,
  • Premier Vinyl Solution, and others.

The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, 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 segments.

The report also maps the qualitative impact of various market factors on market segments such as application, material, printing technology and geographies.

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Flip Top Caps And Closures Market Overview

Consumer perception of packaging is slowly changing. Attractive packaging is gaining more popularity among consumers, which has resulted in development of more innovative and attractive packaging designs by the manufacturers.

Flip top caps and closures are clean and effective in controlling flow of liquid, allow direction pouring of the product for consumer friendly experience and are also ideal for dispensing higher viscosity product such as cream, milk as well as liquid condiments, spices and seasoning.

Global Flip Top Caps and Closures Market: Dynamics

Flip top caps and closures market is gaining traction owing to rising manufacturing output globally, increasing consumer spending on quality and innovative products. Additionally, availability of wide range of flip top caps and closures which fit bottles, jars, and tubes etc. is expected to further fuel the growth in the flip top caps and closures market and screw on flip top caps is expected to gain significant market share in coming years.

Gaining in flip top caps and closures market will be supported by continuous growth in pharmaceuticals, cosmetics and personal care industry. Flip top caps and closures are easy fluid dispensing which make it convenient for consumer to use product.

Global Flip Top Caps and Closures Market: Regional Overview

Overall, the most rapid increase in global flip top caps and closures demand is expected to occur in the developing regions. Asia Pacific region is expected to be the fastest growing region as compared to other regions owing to increasing manufacturing sector in this region.

The Europe and North America markets are highly mature with high presence of established players. The global flip top caps and closures market is expected to witness healthy growth in near future driven by increasing disposable income together with widening consumer base.

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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
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Thermoformed Trays Market SWOT Analysis, Top Key Players, Ongoing Trends And Forecast To 2032

The thermoformed trays market is predicted to experience positive growth during the forecast period. A new forecast by FMI predicts that the thermoformed trays sales will increase during 2022-2032 and is projected to generate an incremental growth opportunity of US$ 7.8 Bn.

According to FMI research, during the forecasted period, the global thermoformed trays market is predicted to reach a valuation of US$ 6.8 Bn in 2022 and is expected to grow at a CAGR of 4.4% and anticipated to reach a valuation of US$ 10.4 Bn till the year 2032.

Competitive Landscape

The key players working in the thermoformed trays market are trying to focus on increasing their sales and revenues by escalating their capabilities to meet the rising demand. The key players are trying to adopt a merger & acquisition strategy to expand their resources and are developing new products to meet customer needs. Also, the players are focusing on improving their facilities to cater to the demand. Some of the recent key developments by the leading players are as follows –

  • In May 2022, NEFAB GROUP launched a range of sustainable plastic packaging, including thermoformed trays.
  • In April 2022, Amcor plc declared an investment to expand thermoforming capabilities in its Sligo and Ireland facilities for medical packaging.

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Key Companies Profiled

  • Dordan Manufacturing
  • Nelipak Corporation
  • Universal Plastics Group, Inc.
  • PLACON Corporation
  • UFP Technologies, Inc.
  • Brentwood Industries, Inc.
  • Blisterpak, Inc.
  • Lacerta Group, Inc.

How does Thermoforming offer Cost and Time Advantage as Compared to Injection Molding?

Thermoformed shallow trays offer manufacturers and customers the benefit of lower costs and shorter lead times as compared to injection-molded trays. Apart from material and other production expenses, thermoforming differs heavily from injection molding in terms of tooling costs and lead times. Tooling forms a substantial part of manufacturing costs for smaller to moderate volumes.

Though tooling amounts to a one-time expenditure, high-tooling costs discourage purchase decisions with multiple design requirements. Tooling cost incurred in thermoforming is on average 15%-45% cheaper than tooling in injection-molded process. Further, lead times in injection molding are 2-3 times longer than thermoforming. Thermoforming practices are observed to enhance the order-fulfilling capacities of packaging manufacturers.

Thermoformed tray manufacturers work collaboratively with their customers to ensure that the production process and material selection result in the best value offering when integrated with the choice of technology implemented.

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Historic Market Outlook for Thermoformed Trays 

The global thermoformed trays market recorded a CAGR of 3.6% during the historic period between 2015 and 2021 with a market valuation of US$ 6.5 Bn in 2021.

Thermoformed trays have become a significant portion of the tray packaging market. The protection and stability of products are major factors driving the sales of thermoformed trays. Thermoformed trays, specially insert trays, match this function efficiently. Delicate products like ampoules, vials, and electronics can be easily transported and stored using this function of thermoformed trays.

Thermoformed Trays Market by Category

By Product Type, Thermoformed Trays Market is Segmented as:

  • Plastic Insert Trays
  • Dunnage Trays
  • POP Display Trays
  • Medical Handling Trays

By Material Type, Thermoformed Trays Market is Segmented as:

  • Polyvinyl Chloride (PVC)
  • Polyethylene Terephthalate Glycol (PETG)
  • High-density polyethylene (HDPE)
  • High Impact Polystyrene (HIPS)
  • Recycled Polyethylene Terephthalate (rPET)

By End Use, Thermoformed Trays Market is Segmented as:

  • Food & Beverage
  • Electronics
  • Pharmaceutical
  • Cosmetics

By Region, Thermoformed Trays Market is Segmented as:

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

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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

Squeeze Pouch Market Analysis of Key Trends, Industry Dynamics and Future Growth 2030

This Squeeze Pouch market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.

Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Squeeze Pouch market.

Global Squeeze Pouch Market – Key Players

A few of the key players in the squeeze pouch market

  • Amcor Plc,
  • Mondi Group Plc,
  • Sonoco Product Company,
  • Berry Global Group, Inc.,
  • Sealed Air Corp,
  • ProAmpac LLC,
  • Glenroy, Inc.,
  • Coveris Holdings S.A.,
  • Tyler Packaging Ltd,
  • Huhtamaki Oyj,
  • Smurfit Kappa Group PLC,
  • Impak Corporation,
  • Foster Packaging International,
  • Paharpur 3P, etc.

The report on squeeze pouch market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Squeeze pouch market also maps the qualitative impact of various market factors on market segments and geographies.

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Global Squeeze Pouch Market – Overview

Consumers prefer squeeze pouches and other flexible packaging format over rigid packaging. Squeeze pouch are popular among consumers as they prefer packaging that are transparent, portable, and can be stored in less space. Furthermore, squeeze pouch are microwave compatible, easy to open, and environmentally sustainable.

Squeeze pouch are increasing in demand due to their ability to provide consumers with “on-the-go” packaging. Portable squeeze pouch are used to pack soup, yogurt, and baby food among others. In addition, squeeze pouch can be resealed, can be emptied completely, and provide aesthetic looks for packed product. In recent years, brand owners are using squeeze pouch as a marketing tool for brand awareness.

Squeeze pouch are light weight and do no shatter like glass thus becoming an alternative to rigid glass packaging. Also unlike metal cans which cannot be resealed, squeeze pouch can be resealed. Design of squeeze pouch can be customized as per customer requirement.

Global Squeeze Pouch Market – Dynamics

There is increasing penetration of squeeze pouch in food & beverage industry. Squeeze pouch market is expected to grow in beverages, nut butters and jellies, wine & spirits, dairy, dressings, condiments, sauces and soups among others provide a huge opportunity to packaging converters to pack these food products in squeeze pouch.

Furthermore, there is a shift in demand from rigid packaging formats to flexible packaging formats like squeeze pouch owing to high demand for light weight and portable packaging solution. However, stringent norms related to disposal of plastic used in squeeze pouch are expected to impede the market during the forecast period. Squeeze pouch is mainly used for liquid and semi-liquid food and beverage products.

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Global Squeeze Pouch Market – Regional Overview

In North America, U.S. is expected to dominate the squeeze pouch market during the forecast period. In Asia Pacific region, China and India are estimated to witness extensive growth over the forecast period. Owing to convenience provided by squeeze pouch and its demand for food & beverage products. However, Middle East & Africa squeeze pouch market is projected to witness sluggish growth during the forecast period.

Global Squeeze Pouch Market – Segmentation

The global squeeze pouch market is segmented by material type, technology, product type, capacity and end use. The pricing for squeeze pouch has being done based on product type segment in US$ million, and the volume is considered in units.

On the basis of material type, the global squeeze pouch market is segmented into

  • Plastic
  • Polyvinyl Chloride (PVC)
  • Polyethylene (PE)
  • Linear Low Density Polyethylene (LLDPE)
  • High Density Polyethylene (HDPE)
  • Low Density Polyethylene (LDPE)
  • Polyethylene Terephthalate (PET)
  • Polyamide (PA)
  • Ethylene Vinyl Alcohol (EVOH)
  • Other Plastic Material
  • Paper
  • Metal
  • Others

On the basis of technology, the global squeeze pouch market is segmented into –

  • Retort
  • Aseptic
  • Hot Filled
  • Standard

On the basis of product type, the global squeeze pouch market is segmented into –

  • K-seal
  • Flat Bottom
  • Folded Bottom
  • Corner Bottom
  • Round Bottom

On the basis of capacity, the global squeeze pouch market is segmented into –

  • Up to 100 ml
  • 101 ml to 200 ml
  • 201 ml to 500 ml
  • More than 500 ml

On the basis of end use, the global squeeze pouch market is segmented into –

  • Food
  • Baby Food
  • Sauces, Dips, and Condiments
  • Ready-to-eat Food
  • Other Food Items
  • Beverages
  • Alcoholic
  • Non – Alcoholic

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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