Market Research Blog – Page 9153 – New Product Development

Hyperlocal Delivery Apps Market is expected to reach ~US$ 8,856.6 Mn by 2032

According to Future Market Insights (FMI), the hyperlocal delivery apps market is expected to witness growth at a CAGR of around 22.6% over the forecast period (2022-2032). The report states that the market is expected to reach the valuation of ~US$ 1,155.2 Mn by end of 2022.

As per Future Market Insights, surge in demand for digitalization and fast penetration of smartphones with internet connectivity to drive the growth of hyperlocal delivery apps market in the coming years.

Rising advancements in SaaS in the delivery operations for performance improvements, end-to- visibility with cost effectiveness is expected to drive the hyperlocal delivery apps market and present attractive growth possibilities for hyperlocal delivery apps software and platform vendors.

Moreover, advancements in logistics infrastructure, improved lifestyle with changing customer preferences for short delivery timelines is expected to drive the market growth. The increasing requirements for fresh produce, standardized products with on-demand services is surging the hyperlocal delivery apps market.

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Key Takeaways: Hyperlocal Delivery Apps Market

By type, the mobile-based hyperlocal delivery applications segment is anticipated to grow at a robust CAGR of 6% through 2032.
By industry, the retail & CPG segment is anticipated to increase at a CAGR of 3% between 2022 & 2032.
North America is dominating hyperlocal delivery apps market followed by Europe region in 2022.
South Asia & Pacific is estimated to be the fastest growing region in the global hyperlocal delivery apps market during the forecast period.
The U.S. hyperlocal delivery apps market is expected to progress at a CAGR of around 7% through 2032.
In India, hyperlocal delivery apps market is expected to grow by 2X during the forecast period.
Hyperlocal delivery apps market in China is estimated to witness the absolute opportunity of US$ 903.1 Mn in the forecast period.

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Rising Demand for Faster Delivery Fulfilments to Drive Hyperlocal Delivery Apps Market

Growing expectations of quick and instant deliveries have been a tipping point in e-commerce industry. Increasing online purchases with quick delivery timelines is fuelling the growth of hyperlocal delivery applications.

Furthermore, surging investments in logistics and supply chain management for adapting to changing demand and supply dynamics, e-commerce fulfilment and volatile economy is increasing demand the market demand.

Moreover, efficient management of the increasing broad scope of supply chain management which includes demand forecasting, production scheduling warehouse & center distribution management fuels the investments in supply chain industry driving the market growth of hyperlocal delivery apps.

More Valuable Insights on Hyperlocal Delivery Apps Market

Future Market Insight’s report on the hyperlocal delivery apps industry research is segmented into three major sections – type (mobile-based hyperlocal delivery apps, web-based hyperlocal delivery apps), industry (retail & CPG, medical & healthcare, food & beverages, courier express & parcel and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the hyperlocal delivery apps demand outlook.

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About Electronics, Semiconductor and ICT Division at Future Market Insights

Expert analysis, strategic recommendations and actionable insights- the electronics, semiconductors, and ICT team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, & ICT, of which 100+ reports are specifically on solutions, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductors, and ICT industry.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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GaN Micro-LED Market is anticipated to grow at a CAGR of 46.3% during 2022-29

GaN Micro-LED Market value ~US$ 7,383.0 Mn by 2029, registering at a CAGR of 46.3% during 2022-29. GaN micro-LED has been in the analysis laboratories for years, and the launch of Samsung’s Micro-LED displays, featuring self-emissive technology and modular capabilities, left consumers curious about the emerging technology. FMI report predicts that GaN micro-LED will soon be a mass-market proposition, as an array of millions of microscopic LEDs is set to replace incumbent technologies such as LCDs and OLEDs and penetrate major digital display markets.

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FMI’s analysis projects the sales of GaN micro-LED to ramp up at an impressive CAGR of 43.5% during the period, 2022-2029, as the technology promises to offer better and brighter displays as well as lighting than the current solutions. Sensing the application potential of GaN micro-LED in newer models of TVs, smartwatches, AR devices, and head-mounted systems such as Google Glass, stakeholders are making rigorous investments in R&D and deepening their collaborations with technology solutions providers.

Mid Power Micro-LEDs for Lighting Applications to Capture Robust Share

As indicated by the study, the consumption of mid-power GaN micro-LEDs, which accounted for ~75% share in 2021, will become a mainstream for lighting applications in the years ahead. However, significantly large percentage of the cost of mid power micro-LEDs goes to packaging, thereby limiting the advantage of lowering its overall costs. On the hand, demand for low power micro-LEDs is likely to garner significant traction in the future, in the view of maintaining full brightness without the loss of noticeable display brightness over the entire illumination time.

Greater demand for GaN micro-LED displays will continue to influence the growth strategies, accounting for ~79% share in 2021. As identified by the FMI analyst, gains will remain driven by growing demand for visual aspects in modern-day devices, increasing need for high luminance in small format for near-to-eye display devices, and the demand for high resolution and efficient luminance in battery-powered consumer electronics.

Market Gains Underpinned by Greater Innovations in Sports & Entertainment Space

In recent years, high application potential of GaN micro-LEDs has been identified sports & entertainment space, on the account of a spike in number of video-streaming services, rapid innovation in television to enhance the viewing experience, and increased penetration of new-generation video-gaming products and accessories, says the report.

While consumer electronics are likely to account for major share of the manufacturers’ bottom lines, capitalizing on ever-expanding sports & entertainment space will remain a key focus area of the market players. On the one hand, consumption of GaN micro-LEDs by the automotive industry will increase ~39% y-o-y in 2022, backed by the emergence of ‘in-car ambience’ and ‘auto-infotainment’ trends leading to innovations in automotive displays units as well as interior automotive lighting.

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North America in the Vanguard, APEJ to Outdo European Market

Accounting for 26% share in 2021, North America is anticipated to remain at the forefront of GaN micro-LED market. According to the study, European market is likely to lose its second position to Asia Pacific in the foreseeable future, as many players in the latter region are constantly demonstrating their progress and latest breakthroughs in the GaN micro-LED technology.

Unprecedented evolution in number of industry verticals has pushed stakeholders to redefine their growth strategies to retain and attract new segment of customers. In addition to focusing entirely on the new technology while ceasing the launch of conventional solutions, stakeholders are centered on collaborating with research institutes to synchronize their advances.

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Fixed Asset Management Software Market is expected to reach US$ 11.4 Billion in 2032

The expected market size for fixed asset management Software worldwide is USD 3.8 billion in 2021 and USD 4.2 billion in 2022. The market is anticipated to grow at a CAGR of 10.6% from 2022 to 2032, when it will reach USD 11.4 billion. The market is anticipated to be significantly impacted by the rapid adoption of IoT-based services across numerous industries, including manufacturing, oil & gas, energy, electricity, and construction, over the projected period.

With the emergence of industry 4.0 in the manufacturing sector, various plants have adopted digital technologies to enhance the manufacturing processes, thereby, propelling the industry in the forecast period. Besides, technological development across several sectors like cloud computing, AI, and others is expected to benefit the fixed asset management software market in the forecast period.

For instance, in September 2019, Adapt IT disclosed a partnership with i-Chain, a South Africa-based fixed asset management services, and solutions company to provide a Web-based system offering easy access to a cloud-based environment, designed especially for educational institutions to assist them in managing their assets.

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Key Takeaways from the Market Study

The global fixed asset management market is estimated at USD 3.8 Bn in 2021
The global fixed asset management market to expand at 10.6% during the forecast period
The U.S market to secure USD 4 Bn and expand at 10.4% from 2022-to 2032
The market in China to procure USD 794 Mn while recording a 9.9% CAGR
The on-premises segment to expand at 10.2% CAGR
The Manufacturing segment to record a 10.4% growth rate

Competitive Analysis

Key participants of the global fixed asset management software market include IBM, Infor, SAP, Microsoft, and Oracle, among others.

Recent key developments among players are:

In March 2021, Sage, a cloud-business solutions provider acquired Task Sheriff, an artificial-based SaaS. The acquisition is focused on strengthening its AI technology and Task Sheriff founders would join Sage AI Labs. It is a global team of engineers, data scientists, and product managers, located in Melbourne, Barcelona, San Francisco, and Tel Aviv.
In April 2019, Infor signed an agreement with First Bus. Infor agreed to strengthen asset management for First Bus. First Bus is a transport operator in North America and the U.K.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global fixed asset management software market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Component (Software, Services), By Deployment Type (Cloud, On-Premises), By Organization Size (Large Enterprises, SMEs), By Vertical (Energy and Utilities, Manufacturing, IT, Telecom, and Media, Transportation and Logistics, Healthcare and Life Sciences, Others), and Region (North America, Asia Pacific, Europe, Middle East & Africa, and Latin America)

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Family/Indoor Entertainment Centres Market is representing a CAGR of 13.3% from 2017 to 2027

Future Market Insights forecasts revenue from the Global Family/Indoor Entertainment Centres market to increase from about US$ 17 Bn in 2017 to about US$ 61 Bn by 2027 end, representing a CAGR of 13.3% from 2017 to 2027. This increasing revenue growth is attributed to the continuous launch of new FECs supporting sustained growth of this market.

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Global Family/Indoor Entertainment Centres Market: Segmentation and Forecast

The report segments the global family/indoor entertainment centres market on the basis of FEC type (arcade studios, VR gaming zones, sports arcades, others); on the basis of visitor demographics (families with children (0-9), families with children (9-12), teenagers (12-18), young adults (18-24), adults (24+)); on the basis facility size (<5000 sq. ft., 5001 to 10,000 sq. ft., 10,001 to 20,000 sq. ft., 20,001 to 40,000 sq. ft., >40,000 sq. ft.); on the basis of attendance per day (<25,000, 25,001 to 50,000, 50,001 to 100,000, 100,001 to 250,000, >250,000); and on the basis of revenue source (entry fees and ticket sales, food and beverages, merchandising, advertising, others).

As per the forecast of Future Market Insights, revenue from the arcade studios FEC type segment will increase from US$ 6,081.9 Mn in 2017 to US$ 21,131.4 Mn by 2027 end, representing a CAGR of 3% from 2017 to 2027. Future Market Insights forecasts revenue from the teenagers (12-18) visitor demographics segment to increase from US$ 6,083.8 Mn in 2017 to US$ 21,951.7 Mn by 2027 end, representing a CAGR of 7% from 2017 to 2027. The >40,000 Sq. ft. segment by facility size is expected to represent incremental opportunity of US$ 11,792.9 Mn between 2017 and 2027. Future Market Insights projects revenue from the <25,000 attendance per day segment to increase from US$ 2,142.2 Mn in 2017 to US$ 7,082.2 Mn by 2027 end, representing a CAGR of 7% from 2017 to 2027. The merchandising segment by revenue source is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 13.5% during the period of study.

Global Family/Indoor Entertainment Centres Market: Regional Forecast

Future Market Insights tracks the performance of the global family/indoor entertainment centres market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and MEA. In terms of value, North America is projected to be the most attractive in the global family/indoor entertainment centers market during the opportunity assessment period. The APEJ market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, the APEJ market is expected to expand at a CAGR of 13.7% during the Opportunity Assessment period. In 2017, the family/indoor entertainment centres market in North America is estimated to be valued at US$ 6,565.9 Mn and is expected to witness steady growth in terms of revenue throughout the Opportunity Assessment period.

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Diversified gaming and entertainment options available in FECs in North America supporting global market growth

With continuous innovations in technological aspects, family entertainment centres are offering a diversified range of gaming options for their customers. New technologies such as virtual reality gaming, 3D technology, etc. are trending and consumers are preferring modern ways of entertainment over traditional entertainment options. Hence, the availability of a number of options for gaming is driving the growth of the family entertainment centres market especially in the North America region over the forecast period.

Global Family/Indoor Entertainment Centres Market: Vendor Insights

The report profiles some of the leading players operating in the global family/indoor entertainment centres market such as Dave & Buster’s Inc., CEC Entertainment, Inc., Main Event Entertainment, Legoland Discovery Center, Scene 75 Entertainment Centers, Gatti’s Pizza Corporation, Bowlmor AMF Corporation, Nickelodeon Universe, Lucky Strike, Smaash Entertainment Pvt. Ltd., Amoeba Services, Funcity, Time Zone Entertainment Pvt. Ltd., Tenpin, Kidzania, Bandai Namco Entertainment, Toy Town and The Walt Disney Company.

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Environmental Sensor Market is expected to reach a valuation of US$ 3.7 Bn by 2032

The global environmental sensor market was valued at US$ 1.7 Bn in 2021 and is expected to reach US$ 3.7 Bn by 2032 finds Future Market Insights (FMI) in a recent market survey. As per the findings, revenue through humidity sensors is projected to grow at a CAGR of 7.5% during 2022 – 2032.

In the environmental sciences, the usage of low-cost sensor networks (LCSNs) is growing in popularity, and the unparalleled monitoring data provided enables study across a wide range of fields and applications. Non-technical difficulties, in particular, continue to stymie the widespread development and deployment of LCSNs.

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Environmental sensors monitors and keeps a track of soil and water pollution as public awareness of environmental concerns caused by harmful gas emissions from various industries have grown. Various governments throughout the world have enacted stringent rules and laws encouraging the usage of environmental surveillance systems, which is driving the market for environmental sensors.

Over the projected period, advanced technologies in the designing and engineering of individual sensors are anticipated to propel the market. Growing demand from the industrial as well as the agricultural sector is expected to push the growth of the market.

Competitive Analysis

Some of the key companies in the environmental sensor market include ABB Ltd., Delphi Automotive PLC, Freescale Semiconductor Ltd., Honeywell International Inc., Omron Corporation, STMicroelectronics, N.V., Robert Bosch GmbH, and Schneider Electric SE. Environmental sensor market leaders are increasing production by collaborating, inventing, and acquiring small businesses, and investing in a technically advanced product portfolio all around the world.

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Some of the recent developments of the Environmental Sensor Market are:

In October 2021, ABB introduced the world’s first touch-free environmental smart sensor to help decrease indoor pollution. The ABB FusionAir Intelligent Sensor has four detecting choices to enable ideal conditions for better indoor air quality, safety, and comfort. According to a recent data, household air pollution is 3.5X worse on average inside a structure than outdoors, the World Health Organization has listed naming the problem as the world’s single most serious environmental health threat. Improved Indoor Air Quality (IAQ) with reduced susceptibility to volatile organic compounds requires adequate and suitable ventilation (VOCs).
In January 2021, Pittsburgh International Airport announced cooperation with Honeywell to evaluate air quality enhancement technologies at the airport’s recently built innovation center, xBridge. Honeywell’s Healthy Buildings platform and air quality monitoring technologies will be used at Pittsburgh International Airport. Temperature, humidity, carbon dioxide, particulates, and volatile organic compounds are all measured by the Honeywell Healthy Buildings platform at xBridge (VOC).

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Environmental Sensor Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Global Environmental Sensor Market across five regions (North America, Asia Pacific, Europe, Middle East & Africa and Latin America).

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Market Segments Covered in Environmental Sensor Market Analysis

By Product:

Fixed
Portable

By Sensing Type:

Humidity
Temperature
Gas
Pressure

By End Use:

Medical
Consumer Electronics
Industrial
Automotive
Other End-users

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Enterprise Resource Planning (ERP) Software Market is grow at a CAGR of 8.8% to reach US$ 126.2 Bn by the year 2032

The demand recorded in the market will grow at a CAGR of about 8.8% from 2022 to 2032, according to Future Industry Insights’ (FMI’s) estimate of the Enterprise Resource Planning (ERP) software market. By the end of 2022, the market is predicted to be worth US$ 54,179.8 Mn, according to the analysis.

As per Future Market Insights, growing need for operational transparency and efficiency in business process to drive the growth of ERP software market in the coming years.

Cloud-based ERP software helps business to create complete report on their daily operational activity. With cloud-based ERP software, firms can easily monitor the company expenditure, profits and losses, and returns on investments (ROI).

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Furthermore, cloud-based ERP software provides KPI reports for performance analysis. ERP software systems provide tools like data visualization, utilizing real-time data sets and others. Companies can use ERP software solutions to fix issues in real time. Most of the cloud-based ERP software providers offer uptime rates.

Key Takeaways: ERP Software Market

By deployment mode, the on-premise ERP software segment has emerged dominant, growing at a CAGR of close to 7.7% between 2022 & 2032.
By enterprise size, the demand for ERP software solutions from small & mid-sized enterprises (SMEs) is estimated to be growing at higher rate than large enterprises.
By business function, the financial management industry is showcasing high growth and is expected to hold dominant market share by 2032. However, the supply chain management industry is projected to showcase a tremendous growth of close to 11.4% between 2022 & 2032.
By industry, the IT & telecom industry will hold the highest market share by 2032. However, the BFSI industry is projected to showcase impressive growth at around 11.8% CAGR between 2022 & 2032.
By region, North America held the highest market share of around 32% in 2021, but South Asia & Pacific will showcase growth at a higher rate of ~12.8% during the forecast period.

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Across various industries, enterprises are looking for opportunities to strengthen their operational efficiency and improve their workflow process. In addition to this, these enterprises are currently focusing on improving their business operations in terms of increasing operational productivity and maintaining costs under control.

Firms are looking for a centralized?solution to manage a variety of business activities, including sales and marketing, accounting and finance, procurement and supply chain management.

Cloud-based ERP software offers scalability and flexibility to the organization that helps to improve productivity and optimize operations. Fast and accurate financial data delivery, improved quality and inventory controls, quick data-driven decisions, software and network infrastructure, simplified hardware, improved financial performance, integration of acquired technology, simple adoption of common standards across facilities and business divisions, and more consistent operating performance are all advantages of cloud-based ERP software.

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Increase in Demand for Operational Efficiency and Transparency in Corporate Operations Driving Growth

The worldwide ERP software market is growing due to an increase in demand for operational efficiency and transparency in corporate operations, as well as an increase in demand for ERP software from small and mid-sized enterprises. Furthermore, the rapid usage of cloud-based and mobile apps are boosting the development of the ERP software market.

The development of the ERP software market is hampered by the availability of open-source ERP software solutions and the high implementation cost of ERP software. On the other hand, the growing use of ERP software solutions in small and mid-sized enterprises, as well as the fast transition of current business models, are projected to provide lucrative prospects for the ERP software market to expand throughout the forecast period.

Enterprise Resource Planning (ERP) Software Outlook by Category

By Deployment Mode:

On-premise Enterprise Resource Planning (ERP) Software
Cloud-based Enterprise Resource Planning (ERP) Software

By Enterprise Size:

Small and Mid-Sized Enterprises (SMEs)
Large Enterprises

By Business Function:

Financial Management
Human Capital Management
Supply Chain Management
Customer Management
Inventory and Work Order Management
Others

By Industry:

IT & Telecom
Retail
Government
Healthcare
BFSI
Manufacturing
Others

By Region:

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

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Envelope Market Is Set to Experience Revolutionary Growth by 2030

Envelopes are used commonly for packaging of flat objects such as letters, cards, booklets, and mails. Envelopes are increasingly being employed in e-commerce deliveries; envelopes are replacing small cardboard boxes used for delivering light-weight objects. Using envelopes proves to be more sustainable and economical for e-commerce companies. This is likely to boost the demand for envelopes in the years to come. However, with the growth of electronic media, the consumption of envelopes for mailing has reduced significantly in the past years. Yet the demand generated from the shipping industry is likely to fuel the global demand for envelopes. Courier companies such as Fed Ex, Express Mail, and others are in constant need of envelopes for shipping light-weight goods.

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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Envelope market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

Crucial information and forecast statistics covered in the Envelope market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Envelope Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Envelope market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Envelope market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Envelope market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Serving domestic and international clients 24/7
Prompt and efficient customer service
Data collected from reliable primary and secondary sources
Highly trained and experienced team of research analysts
Seamless delivery of tailor-made market research reports

Envelope Market: Segmentation

Valuable information covered in the FMI’s Envelope market report has been segregated into key segments and sub-segments.

By product type, the global envelope market has been segmented as follows

Baronial
A-style
Square
Booklet
Commercial
Customized

By applications, the global envelope market has been segmented as follows

Commercial
Institutional
Household

By closure, the global envelope market has been segmented as follows

Remoistening Seal
Pressure-sensitive Seal
String and Button

Envelope Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Envelope market. Competitive information detailed in the Envelope market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Envelope market report.

Key players covered in the report include:

Sealed Air Corporation, Ohio Envelope Manufacturing Co., Neenah Inc., Capital Envelopes LLC, Encore Envelopes Ltd., Heritage Envelopes Ltd., Mayer-Kuvert-network GmbH, Sunkee Envelope, Precision Envelopes Inc., and Royal Envelope Ltd.

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Important Questions Answered in the Envelope Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Envelope market been expanding during the forecast period?
How will the global Envelope market look like by the end of the forecast period?
What innovative strategies are adopted by Envelope market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Envelope market?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Envelope market

Overcaps Market Prospects and Growth Assessment 2029

This Overcaps Analysis 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 Overcaps Analysis market.

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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Overcaps market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

Crucial information and forecast statistics covered in the Overcaps market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Overcaps Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Overcaps market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Overcaps market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Overcaps market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Serving domestic and international clients 24/7
Prompt and efficient customer service
Data collected from reliable primary and secondary sources
Highly trained and experienced team of research analysts
Seamless delivery of tailor-made market research reports

Overcaps Market: Segmentation

Valuable information covered in the FMI’s Overcaps market report has been segregated into key segments and sub-segments.

On the basis of material, the global overcaps market has been segmented as:

Plastic
- Polyethylene (PE)
- Polypropylene (PP)
Metal
- Aluminum
- Steel

On the basis of diameter, the global overcaps market has been segmented as:

Up to 30 mm
31 to 40 mm
41 mm to 50 mm

On the basis of application, the global overcaps market has been segmented as:

Cans
Bottles
Spray Pumps

Overcaps Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Overcaps market. Competitive information detailed in the Overcaps market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Overcaps market report.

Key players covered in the report include:

Berry Global Group, Inc., O.Berk Company, Huhtamaki Oyj, Clayton Corp., AptarGroup, Inc., IPL, Inc., Precision Valve Corporation, Cobra Plastics, Dubuque Plastics, IntraPac International LLC, and Rieke. A TriMas Corporation Company

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Important Questions Answered in the Overcaps Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Overcaps market been expanding during the forecast period?
How will the global Overcaps market look like by the end of the forecast period?
What innovative strategies are adopted by Overcaps market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Overcaps market?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Overcaps market

Diaper Packaging Machines Market Revenue Growth Predicted by 2029

A diaper packaging machine is a machine that produces baby diapers and adult diapers. The diapers are inherently disposable in nature and comprise wood pulp and a super-absorbent material that can soak urine. These are usually used with elasticated waistbands and resalable bands to make the baby convenient. Due to the extensive use of baby diapers worldwide, diaper packaging machines are increasing in demand.

The diaper packaging machines has a tendency of faster production speed and a great sense of production. The diaper packaging machines market is technologically highly advanced and depends on new innovative technologies to enhance productivity and efficiency.

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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Diaper Packaging Machines market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.

Crucial information and forecast statistics covered in the Diaper Packaging Machines market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Diaper Packaging Machines Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Diaper Packaging Machines market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Diaper Packaging Machines market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Diaper Packaging Machines market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Diaper Packaging Machines Market: Segmentation

Valuable information covered in the FMI’s Diaper Packaging Machines market report has been segregated into key segments and sub-segments.

On the basis of product type, diaper packaging machines market has been segmented as follows-

Semi-Automatic
Fully Automatic

On the basis of output capacity, diaper packaging machines market has been segmented as follows-

Less than 500 units per minute
Between 500 to 1000 units per minute
Above 1000 units per minute

Diaper Packaging Machines Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Diaper Packaging Machines market. Competitive information detailed in the Diaper Packaging Machines market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Diaper Packaging Machines market report.

Key players covered in the report include:

OPTIMA packaging group GmbH, Edson Packaging Machinery Ltd, ZUIKO Corporation, MD Viola Machine, DELTA SRL UNIPERSONALE, Fameccanica Data S.p.A., GDM S.p.A., Curt G Joa, Peixin International Group, JWC Group, Anqing Heng Chang Machinery Co., Ltd. (HCH), Hangzhou Loong Machinery Manufacturing Co., Ltd. and many more. Many local and unorganized players are expected to contribute to the diaper packaging machines market.

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Important Questions Answered in the Diaper Packaging Machines Market Report

Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Diaper Packaging Machines market been expanding during the forecast period?
How will the global Diaper Packaging Machines market look like by the end of the forecast period?
What innovative strategies are adopted by Diaper Packaging Machines market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Diaper Packaging Machines market?

Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Diaper Packaging Machines market

Degassing Valves Market Is Set to Experience Revolutionary Growth by 2031

As per a recent market analysis by Future Market Insights (FMI), the global degassing valve market size is projected to top US$ 140 Mn in 2022. With sales growing at a 4.9% CAGR, the market size will total US$ 215.7 Mn in 2031.

Degassing valves are used for emitting/degassing the carbon dioxide and air inside various bags and pouches. With their exceptional functionality, these valves maintain the freshness, aroma, and quality of food such as coffee, dairy products, pet food, etc.

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With their degassing mechanism, these valves have brought about a significant change in the way coffee and other food products are packed and transported. The introduction of flexible packaging is also expected to boost sales of degassing valves over the assessment period.

Factors such as rising consumption of coffee among millennials and increasing import and export of coffee products worldwide are key factors driving the degassing valves market.

Degassing valves are available with or without a filter. Both types have their own mechanism and functionality. Degassing valves with integrated filters are mostly suitable for powdered food and coffee products. The filter can prevent small powder particles from getting into the degassing valve.

Leading manufacturers operating in the market are providing valves with filters to fulfil the precise requirements of brand owners. The addition of these filters enables manufacturers to offer degassing valves for both coffee bean and powdered coffee packaging.

Surging demand for degassing valves with integrated filter mechanism among the small as well as leading coffee brand owners is expected to complement the growth of the market over the assessment period.

Key Takeaways:

By product type, the filter integrated valves segment is projected to account for 3/4th of the total market share through 2031.
Based on material type, PE (Polyethylene) will emerge as the most preferred material for degassing valves production. The segment is projected to offer an incremental opportunity of US$ 38.0 Mn during the forecast period.
Collectively North America and Europe are projected to hold around 52.0% of the degassing valve market share in 2022.

“Increasing consumption and trade of coffee in developing regions, along with the introduction of flexible coffee packaging to maintain the freshness of these products will continue pushing sales over the forecast period,” says the FMI analyst.

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Degassing Valve Market By Category

Product Type:

Filter Integrated Valves
Non-Filter Integrated Valves

Material:

PE Valves
PP Valves
Bio-based
Silicone

Packaging Format:

Bags
Pouches

End Use:

Coffee
Dairy
Pet Food
Fermented Food

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Competition Landscape

CCL Industries, Goglio SpA, Fres-co System USA, Inc are the top players operating in the global degassing valve market. Furthermore, TricorBraun Flex, Plitek Valves Inc., Syntegon Technology GmbH, FLAIR Flexible Packaging Corporation, Layfield Group. Ltd., Amcor plc are among the leading players operating in the market.

The Tier 3 players in the market hold 35-45% in the global degassing valve market. In conclusion, key players contribute almost 55-65% of the global degassing valve market.

Leading players operating in the global degassing market are investing in research and development to develop flexible packaging solutions for coffee and other products. In addition to this, players are investing in mergers, acquisitions, and collaborations to gain a competitive edge in the market.