Market Research Blog – Page 9154 – New Product Development

Beverage Metal Cans Market Expectations and Growth Trends Highlighted Until 2031

Newly released data from beverage metal cans market analysis shows that global demand of the overall beverage metal cans market is forecasted to expand at a value compound annual growth rate (CAGR) of ~6.0% from 2021-2031 and reach millions of units by 2031.

In terms of growth, the beverage metal cans market is projected to witness a prominent sales growth rate by 2031, owing to the increasing consumption of alcoholic and non-alcoholic drinks and consumer’s awareness for sustainable and environmentally friendly products.

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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Beverage Metal Cans 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 Beverage Metal Cans 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 Beverage Metal Cans Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Beverage Metal Cans 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 Beverage Metal Cans 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 Beverage Metal Cans 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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Beverage Metal Cans Market: Segmentation

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

Based on Material:

Aluminium
Steel
Tin

Based on Beverage Type:

Alcoholic
Non-Alcoholic

Based on Capacity:

Up to 5oz
6oz – 10oz
11oz – 15oz

Beverage Metal Cans Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Beverage Metal Cans market. Competitive information detailed in the Beverage Metal Cans 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 Beverage Metal Cans market report.

Key players covered in the report include:

Toyo Seikan Group Holdings Ltd., Can-One Berhad, Kaira Can Company Limited, Kian Joo Can Factory Berhad, Universal Can Corporation, Hindustan Tin Works Ltd.

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Important Questions Answered in the Beverage Metal Cans Market Report

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

Beer Bottles Market to Grow at Robust CAGR by 2028

Beer is the oldest and most widely consumed alcoholic beverage in the world. However, in order to preserve the quality of the beer, an effective packaging solution is needed. The beer bottle has gained vital importance for the packaging of various types of beer. Beer bottle made from raw material such as glass and plastic which are effective to reduce spoilage from light especially ultraviolet and other external contaminants. Availability of beer bottle in different size and shape have proven to increase retail sales of a beer bottle.

Beer bottle made from glass are the most predominant for beer packaging as they are chemically inert, highly recyclable, durable, hygienic, and offer high security against external contaminations. However, beer bottle made of plastic (Polyethylene Terephthalate) are gaining significant importance for beer packaging due to their light-weight, sturdy, and recyclable nature. Also, the increasing trend of printing and lamination on beer bottle offers numerous opportunity for manufacturers and brand owner to bolster their brand in the marketplace. Overall, the global outlook for beer bottle market is expected to remain progressive during the forecast period.

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Beer Bottles Market: DynamicsNumerous market trends influencing the beer bottle market for packaging applications, but consumer preference for hygienic, sustainable, and premium products remain at the top. Although plastic has made significant headway into some of the glass’s traditional market, glass container acceptance is still rising in alcoholic beverage packaging industry. As per the Glass Packaging Institute (GPI), over 95% of beer and wine consumer across Europe and U.S. are preferred to consume their drink packed in a glass bottle. As consumer believed that glass provides a truer taste by preserving the quality of the beverage. It appears as vital factors for the growth of global beer bottle market during the forecast period. Growing number of individuals are consuming beer across the globe, owing to the perception that it relaxes state of mind. Changing lifestyles, the influence of social media and Internet, and increasing social parties are also expected to increase the sales of beer bottle across the globe.

Also, a growing urban population coupled with factors such as rising disposable income, modernization, and a growing preference for beer is expected to fuel the growth of the global beer bottle market during the forecast period. The increasing popularity of beer around the world and rapid expansion of bars clubs, and lounges have started in the recent past especially in developing nations are foreseen to drive the growth of global beer bottle market throughout the forecast period. However, the increasing usage of metal cans over beer bottle is expected to hamper the growth of beer bottle market during the forecast period. However, in order to spark the consumer interest, many beer bottle manufacturers are focusing towards the high-quality bottle manufacturing. Which is expected to create an optimistic outlook for the growth of global beer bottle market during the forecast period.Beer Bottles Market: Regional Outlook

The Asia Pacific excluding Japan (APEJ) is expected to dominate the global beer bottle market accounting largest market share. Large urban population, modernization, and growing disposable incomes led to the consumption of beer in this region which in turn expected to fuel the growth of beer bottle market during the forecast period. China remains dominant in terms of market share of beer bottle market, while India is expected to be highly attractive in terms of growth rate during the forecast period. Western Europe is expected to follow the APEJ region in terms of beer bottle market size during the forecast period. Beer is the most consumed alcoholic beverage in this region is likely to create significant demand for beer bottle market during the forecast period.

The beer consumption per capita in countries such as the Czech Republic, Austria, Germany, and Poland are very high which expected to create a substantial growth opportunity for beer bottle market during the forecast period. The beer is the most popular alcoholic beverage in North America which accounts for nearly 80%. High consumption of beer in North America region is likely to fuel the growth of beer bottle during the forecast period. The United States will remain the largest market for a beer bottle, while Canada is expected to register a notable growth rate of beer bottle during the forecast period.

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Beer Bottles Market: Key Players

Examples of some of the key players operating in the global beer bottles market are:

Owens-Illinois, Inc.
Ardagh Group SA
Vidrala SA
Consol Glass (Pty) Ltd.
Central Glass Co., Ltd.
Nampak Ltd.
Amcor Limited
Piramal Glass Private Limited.
ACE Glass Containers Ltd.
Verallia

Beer Bottles Market: Key Trends

Some of the key trends are observed among the beer bottle manufacturers are listed below:

With the intention of reducing the volatility of raw material prices, lower market volume growth and cater to growing demand for premium brands, beer bottle manufacturers are channelizing efforts towards premiumization of their existing brands.
On trade sales refer to sales of alcoholic drinks through hotels, restaurants, pubs, bars etc. Individuals across the globe are increasingly attracted to bars, and clubs owing to which sales of alcoholic beverage such as beer, wine etc. are increasing on trade.

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 an in-depth analysis of parent market trends, macroeconomic 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 and geographies.

Regional Analysis Includes-

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

Beer Bottles Market: Segmentation

On the basis of material,the beer bottles market is segmented into:

Glass
Clear Glass
Amber Glass
Green Glass
Plastic

On the basis of capacity,the beer bottles market is segmented into:

Less than 350 ml
350 – 500 ml
500 – 1000 ml
More than 1000 ml

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Beer Bottles Market Reports Highlights:

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

Wooden Boxes Market Future Trends, Industry Size and Forecast to 2028

This Wooden Boxes 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 Wooden Boxes market.

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Wooden Boxes Market: An Overview

Wood is one of the most widely used packaging material in the rigid packaging industry. Wood is a natural product which is long-lasting and offers design variety, choice of surface and shape are concerned. Various wooden packaging solutions are used for packaging of goods. Wooden boxes are one of the widely used packaging solutions for retail and industrial packaging. Wooden boxes are made of various types of wood such as plywood, teak wood, bamboo wood, sandal wood and others.

The demand for wooden boxes in the packaging market is rising owing to its lower impact to the environment as compared to other materials such as plastic and metal. The demand for wooden boxes is anticipated to escalate owing to the numerous benefits offered by them such as high resistance, sustainability, and recyclability along with the cost-effectiveness. The wooden boxes are designed to protect the packaged goods during shipping & transportation and ensure the safety of staff during shipping of the goods. The wooden boxes are made of different wood types like teakwood, plywood, sandal wood and others. Manufacturers offer wooden boxes for packaging of various goods such as food & beverages, building & construction, industrial machineries, automotive, electrical & electronics parts, and others.

Wooden Boxes Market: DynamicsThe market for wood packaging has witnessed significant growth in the past couple of decades. Wooden based packaging solutions such as boxes and crates offer several advantages over plastic packaging solutions such as sustainability, environmental-friendly, and recyclability along with cost-effectiveness.The market for wood packaging has witnessed significant growth in the past couple of decades. Wooden based packaging solutions such as boxes and crates offer several advantages over plastic packaging solutions such as sustainability, environmental-friendly, and recyclability along with cost-effectiveness.

The global market for wooden boxes is primarily driven by building & construction and industrial machinery packaging owing to their rigidity and resistance against breakage and deformation. The design and structure of wooden boxes provides humidity regulation and good ventilation for improving the shelf-life of the food products such as fruits and vegetables. Various automotive parts are packaged in the wooden boxes for impact resistance and safe shipping & transportation. Owing to these factors the global market is expected to have high growth and have a positive outlook during the forecast period.

Despite the positive outlook, some factors that might hamper the growth of the global market for wooden boxes. One of the factors is the availability of alternative better packaging solutions such as intermediate bulk containers made of metals such as stainless steel, aluminum etc. Furthermore, the raw material used for manufacturing wooden boxes directly affects the environment.

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Wooden Boxes Market: Regional Outlook

Geographically, the global wooden boxes market has been divided into seven key regions which includes North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East and Africa (MEA) and Japan. Europe wooden boxes market is expected to have a positive outlook, which can be attributed to the stringent regulations against usage of plastic. Also, consumers in the developed countries are now more concerned about the harmful effects of prolonged usage of plastic. This is expected to fuel the demand for wooden boxes in retail packaging applications.

Wooden Boxes Market: Key Players

Following are some of the key players operating in the global wooden boxes market: Green Pack Industries, Nefab Group, EMBALEX, S.L.U., Napa Wooden Box Co. and more. Many local and unorganized players are expected to contribute to the global wooden boxes market during the forecast period.

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

Wooden Boxes Market: Segmentation

The global market for wooden boxes has been characterized based on wood type, application, and end-use.

On the basis of wood type, the global wooden boxes market has been segmented as:

Teakwood
Sandal Wood
Bamboo Wood
Ply Wood
Other Wood

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

Retail Packaging
Industrial Packaging

On the basis of end-use industry, the global wooden boxes market has been segmented as:

Food & Beverages Packaging
Electrical & Electronics Packaging
Building & Construction Packaging
Healthcare Packaging
Automotive Packaging
Other Industrial Packaging

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Report Highlights:

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

Gift Packaging Market Scope of Current and Future Industry 2030

Gifting is regarded as a way of expressing appreciation or gratitude. The culture of gift exchange has been evolving over the decades.While exchanging gifts has been confined to holiday or festival season, individuals are exchanging gifts on several occasions such as farewell parties, graduation parties, house-warming parties, and anniversaries. Further, several companies recognize employees’ performance and offer incentives in the form of gifts.

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Preference of gift packaging changes according to the regional preference, which is pushing manufacturers to enhance their product line by launching new products and innovative techniques.Recent data reveal that the worldwide market value of gift wrapping products is anticipated to value around US$ 25 Bn in the coming years. As per FMI, the global gift market will grow at a healthy CAGR during the forecast period 2020-2030.

Gift Packaging Market – Key Drivers

With the rising trend for “keeping it simple”, vibrant and aesthetically loud gift packaging designs appear to be brushed aside by basic and clean designs. Minimalistic designs aid brands to innovate based on presentation styles, enhancing the aesthetics of their offerings in the store shelves.

Major brands such as Etsy, and Zazzle provide an extensive scope of minimalistic designs with a creativity tinge, to take advantage of the growing minimal aesthetic trend.

Startups competing to mark their presence in the market are rapidly inclining toward the age-old successful franchise business concept as it provides enhanced durability and sustainable revenue benefits for both the franchisee and the franchisor.

Major brands including, DS Smith plc and Karl Knauer KG, are progressively leveraging the rising trend for customized prints in order to facilitate consumers with better design flexibility, and convenience. Moreover, the e-commerce giants such as Amazon and Snapdeal are playing an instrumental role in fuelling the gift packaging demand.

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Gift Packaging Market – Growth Restraints

As the gift packaging market is characterized by the large-scale existence of local players, international players are confronting challenges in expanding their regional footprint in emerging countries. Moreover, the local companies provide gift packaging designs as per regional preferences at economic price points.

This is further raising bars for the industry goliaths. Moreover, the flourishing Do It Yourself (DIY) trend is hampering the demand for gift packaging solutions.

COVID-19 Impact Analysis

The COVID-19 pandemic has put a lot of pressure on packaging companies. With consumers strictly following stay-at-home orders amid the crisis, the gift packing market is experiencing a supply-demand gap. This has created a challenge as well as opportunity for manufacturers.

Availability of few gift packaging materials due to supply chain disruption is compelling market players to rethink their business strategies to transform their brand identities. Moreover, skyrocketing sales of products via online channels are expected to keep the gift packaging afloat as consumers are increasingly avoiding in-store purchasing.

Gift Packaging Market – Region-wise Analysis

Asia Pacific (APAC) is anticipated to witness a higher growth for the gift packaging market, owing to rising gifting culture during special occasions and in several organizations. Developing regions such as China and India are representing the regional market.

Going forward, APAC spearheads the global e-commerce industry at present, representing around 64% of worldwide e-commerce spending. The region houses majority of the rapidly growing e-commerce countries, with India and Philippines leading the pack with over 30% growth, and China, Malaysia, and Indonesia following closely. This notable shift towards online purchasing is auguring well for gift packaging market in APAC.

Gift Packaging Market – Competitive Landscape

The global gift packaging market is highly competitive, with top five players accounting for nearly 10% of market revenue. Market players are entering into strategic acquisitions of small or regional players to fortify their presence across the regional markets.

For instance, Hallmark Cards is capitalizing on potential growth prospects by expanding its product portfolio across developing regions such as China, and India.

Hallmark Cards has implemented a strategy – ‘Grow with Hallmark’ – that allows customers to open their gifts and greeting cards in the stores per se. Similar strategies were Packlyn Ltd

Smurfit Kappa Group
Shenzhen Fuxiang Gifts & Packaging Co. Ltd.
Ebro Color GmbH
Interpak.

Region

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

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 and geographies.

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Gift Packaging Market: Segment Analysis

The global market is categorized on the following basis

By Packaging Type

Primary Packaging
Secondary Packaging
Tertiary Packaging

By Product Type

Gift boxes
Containers
Ribbons & Bows
Gift Sacks
Gift bags
Wrapping paper
Tissue Paper & Shreds
Cellophane overwrap & bags
Gift card & Money holders
Others

By Materials

Plastics
Paper & Paperboard
Metals
Glass
Others

Drum Liners Market will Continue to be Largest Product Segment in Packaging Market

The drum liner market will rise at 3.9% CAGR between 2020 and 2030, finds Future Market Insights (FMI) in a new study. Drum liners find applications across diverse industries, including food & beverages (F&B), automotive, and others. FMI has predicted the demand from industrial, chemicals, & lubricants segment to rise at above 4% over the forecast period. While growth in the F&B sector is likely to happen at a decelerated pace in 2020 amid COVID-19, the demand is expected to pick up, albeit gradually 2021 onwards.

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Similar trend is likely across regional markets. Growth in Europe, North America, and other regions will be significantly hampered during COVID-19. However, FMI has projected the demand in East Asia and South Asia to gradually rise in 2021, gaining momentum 2020 onwards to exhibit a higher CAGR than mature markets, including North America and Europe.

The rising demand in industrial production and residential constructions is expected to drive the market. The reusability of drums and their cost friendly nature are expected to contribute towards a positive growth in the drum liners market.

According to the Asian Infrastructure Investment Bank (AIIB), governments across Asia are likely to ramp up infrastructure projects post COVID-19 crisis to give tailwinds to economic growth. While the ongoing restrictions due to the pandemic will continue posing challenges, the AIIB has forecast the medium-term outlook for construction to remain robust. This is expected to create ample opportunities for drum liners sales in the near future.

Key Takeaways from Drum Liners Market Report

The demand for drum liners is expected to surge in paint, inks, and dyes segment

Increasing production and exportation of petroleum and oils has been fuelling demand for drum liners in Asia

The demand for flexible drums forecast to rise as demand from chemical industry increases

Design of straight-sided liners is increasingly preferred among end users

The demand from industrial chemicals and lubricants segment will continue surging through the forecast period

COVID-19 Impact Analysis

The COVID-19 pandemic has disrupted various industries including the drum liners market. Transport bans in several countries has restricted the need for drum liners. Limitations for the import of raw materials has also slowed down production. The market experienced a negative 1.3% CAGR during 2020.

The drum liner market is predicted to bounce back exhibiting a moderate pace of growth 2021 onwards. Following the pandemic, increasing demand for safe and hygienic garbage disposal and storage is expected to drive the market growth.

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Who Is Winning?

Companies operating in the drum liners market are focusing on the usage of eco-friendly materials in drum liners in order to offer improved sustainability. For instance, Mondi, one of the prominent names in paper and packing industry, has developed one-of-its-kind sustainable polycoated kraft (PCK) paper release liner, which it plans to launch on a global scale. Mondi’s NextLiner uses recycled paper as base with coatings derived from renewable sources to leave a positive impact on environmental footprint.

Some of the key players in the market are Sealed Air Corporation, Welch Fluorocarbon Inc., Sri Lakshmi Vishnu Plastics, Spp Poly Pack Pvt. Ltd., Vestil Manufacturing Corporation, Bemis Company Inc., CDF Corporation, Heritage Packaging, Toray Industries, Allied Plastics, Mitsubishi Chemicals, Berry Plastic Corporation and Steiner Electric Company.

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Kegs Market : Kegs Market by Capacity (Upto 20 Litres, 21 to 40 Litres, 41 to 60 Litres, Above 60 Litres), Material (Plastic, Tin, Stainless Steel), End Use (Alcoholic Beverages (Beer, Wine, Spirits, Cider), Non-Alcoholic Beverages (Soft-Drinks, RTD Beverages, Juices), Cooking Oil, Chemicals) & Region- Forecast to 2022-2028

Flatback Tapes Market : Flatback Tapes Market by Adhesive (Acrylic, Silicon, Rubber, and Others), Product (Single Side, and Double Side), Application (Splicing, Packaging, Masking, and Tabbing), Thickness (< 10 Mil, 10 Mil to 15 Mil, and > 15 Mil) & Region – Forecast to 2022 – 2027

Palletizers Market : Palletizers Market by Machine Type (Conventional Palletizers, Robotic Palletizers), Product Type (Cases & Boxes, Bags & Sacks, Pails & Drums, Trays & Crates, Bundles), End-user Industry (Food, Beverage, Pharmaceutical, Chemical, Building & Construction) & Region – Forecast to 2022-2028

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Barrier Coated Papers Market will Reach Nearly US$ 6.6 Bn in Revenues by 2029

Between 2022 and 2029, the global barrier coated papers market is estimated to grow at a CAGR of 4.5 percent, reaching US$ 6.6 billion.

On the back of their superior water resistance, grease & oil resistance, and compliance with food standards, barrier coated papers continue to gather preference for packaging and printing applications. Projected for a promising CAGR of more than 4.5% during 2022 – 2029, a new Future Market insights (FMI) report anticipates the market to receive a major boost from food, consumer electronics, and retail industry.

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Key Takeaways of Barrier Coated Papers Market Study

Water-based coatings are gaining traction in the barrier coated papers market, surpassing solvent-based coatings. Water-based coatings are expected to count for majority of the market share by 2029, attributable to the regulatory landscape, limited recyclability, and slow degradation of solvent-based barrier coated papers.

Packaging is estimated to account for a significant share in the global barrier coated papers market. More than 95% of the paper packaging used for beverage packaging, and majority of the food wraps, cups, and lids used in the food industry are barrier-coated.

The food industry is identified as the key end-user for the barrier coated papers market, as packaging of confectionery, dairy, and snacks requires oil & grease resistant papers for lining boxes.

North America accounts for nearly 30% of the global barrier coated papers market. The market in North America is expected to lose some market share in the barrier coated papers market to developing regions, especially South Asia and East Asia. This shift can be attributed to robust growth in consumption of packaged food and retail industry in these regions.

Wider adoption of sustainable barrier coatings is anticipated to be a key trend in the barrier coated papers market. Bio-based plastics as coating materials are gaining significant traction and are expected to become more cost-effective.

Manufacturers in the barrier coated papers market can leverage the remunerative growth potential offered by nascent bio-based materials. Capacity addition and introduction of cost-effective barrier coatings for paperboard converters can create significant opportunities for all players operating across the value chain.

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Key Segments Covered in Barrier Coated Papers Industry Research

By Coating :

Water-based Coating

Solvent-based Coating

Wax Coating

By Material :

Paper

Plastic

By End-user :

Food

Beverages

Cosmetic & Personal Care

Pharmaceuticals

Building & Construction

Electrical & Electronics

Tobacco Packaging

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Who Is Winning?

Paper packaging giants such as Stora Enso Oyj., UPM-Kymmene Oyj, Sappi Ltd., Billerudkorsnas AB, and Mitsubishi Paper Mills Limited are some of the prominent players operating in the global barrier coated papers market. Coating companies and paperboard converter companies are collaborating to develop innovative barrier coated papers.

In November 2022, Stora Enso Oyj collaborated with HS Manufacturing Group (HSMG), a manufacturer of plant-based barrier coatings, to produce Stora Enso’s formed fiber offering.

In November 2022, Smurfit Kappa collaborated with Mitsubishi HiTec Paper, to develop an innovative and recyclable food-safe packaging solution. The outer board-based packaging is made from Smurfit Kappa’s MB12 packaging solution and the inner packaging contains Mitsubishi HiTec Paper’s BARRICOTE barrier coated papers.

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Remote Asset Management Market Analysis, Future Growth, Segmentation, Competitive Landscape, Key Trends & Forecast 2022 to 2032

The remote asset management market is expected to grow at a CAGR of 10.9% over the forecast period, rising from US$ 25,219.8 Mn in 2022 to US$ 75,553 Mn by 2032.

Sensor innovation, cloud innovation, and high-level remote advances have paved the way for new market opportunities. As everyone is aware, many businesses are looking for new creative solutions to reduce operational costs and increase ROI.

Businesses must understand how to reduce operational expenses. As a result, the vast majority of businesses are shifting to remote asset management solutions to reduce operational costs.

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Remote asset management, which includes a remote server designed to receive and process approaching data from fixed or portable specialised devices, where the data is linked with explicit remote asset management applications.

Remote asset management aids in asset tracking, monitoring, and dealing with an organization’s assets on a continuous basis for compelling use, predictive support, and practical activity resulting in higher returns.

Remote asset management collects information about assets from sensors installed on devices. Remote asset management incorporates sensors and microchips embedded in the remote asset, as well as a correspondences component that gathers and transmits data to central management frameworks.

Web Protocol innovation is the most recent innovation used in remote asset management in the modern era, and it aids in lowering costs and entanglement of checking remote tasks.

Remote Asset Management Market: Market Dynamics

Increasing IoT adoption for effective asset management, intelligent infrastructure, real-time monitoring of assets creates opportunities for remote asset management market

Real-time data connectivity owing to adoption of sensor technology increase the demand for remote asset management solution s and reduced operational cost due to innovative solutions major factors which boost the demand for remote asset management solution in the market.

It is begin observed that most of the enterprises are facing security threats and fault recovery issues while adopting remote asset management solution therefore the demand for remote asset management solution has been declined.

Global Remote Asset Management Market: Competition Landscape

Few prominent players in Remote Asset Management market include AT&T Inc., Ascent Intellimation Pvt. Ltd, IBM Corporation, SAP SE, Rockwell Automation, Inc.,Cisco Systems, Inc., SuccorfishM2M Ltd, Bosch Software Innovations GMBH, Hitachi, Ltd., Meridium, Inc., Schneider Electric SE, Siemens, Infosys Limited, Northbit GmbH, Verizon Communications, Inc. and Vodafone Group PLC.

Recent Developments

Customers of remote asset management systems are utilizing a variety of organic and inorganic approaches, such as mergers and acquisitions and new product launches and alliances to increase their market share. As an example, Cisco Systems Inc. purchased Kenna Security Inc. in May of that year. This deal will help Cisco change its security and IT telecommunications to reduce cyberattacks.

Remote Asset Management Market: Regional Outlook

North America is estimated to dominate the remote asset management market owing to technological advancements due to robust internet infrastructure. The need for better operational efficiency and business process at a low operating cost is expected to drive continuous growth in the remote asset management market.

APEJ is projected to grow at the highest CAGR during the forecast period followed by Western Europe in remote asset management market owing to the greater adoption of IoT technology in remote asset tracking in this region.

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 includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications.

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Key Segments

Communication Type:

Fixed communication
Mobile communication

Application:

Predictive maintenance
Building automation
Production monitoring
Vehicle tracking
Analytics
Performance management
Remote programming of consumer devices
Air conditioner monitoring

End-User Industries:

Logistics
Mining
Government
Fisheries
Healthcare
Oil & gas
Utilities
BFSI
Manufacturing
Retail & consumer goods
Automobiles
Information technology
Telecommunication

Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Private LTE Market Trends, Leading Players, Segments & Regional Forecast 2022 to 2032

The overall private LTE market still up in the air to be assessed at US$ 17,550.0 million by 2032, up from US$ 5,155.0 million out of 2022, advancing at a CAGR of 13.0% during the figure time period.

The interest for enabling the change from different isolated associations to sagacious related systems for offering further developed strategies for client collaboration and organization movement has incited the introduction of private LTE associations.

Private LTE network is a private association (an association restricted to one endeavor) made arrangements for capably connecting people/things of that different undertaking and safeguarding data by taking out the relationship with a middle association of public versatile overseers.

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A private LTE organization, moreover, destroys the limitations related with a traditional organization framework, like the Ethernet or Wi-Fi, by supporting both human and machine correspondence on a solitary organization.

Private LTE organization, still in its improvement stage, is relatively specialty and consequently, hasn’t seen a lot of entrance in the beyond 4 years. Nonetheless, with the approach of IIoT (Industrial Internet of Things), its arrangement is supposed to observe high learning experiences during the estimate time frame.

Private LTE Market: Market Dynamics

Factors, such as high speed, high capacity, high security, low latency, consistence performance, longer range and interoperability associated with private LTE networks, compliment the demands required to attain IIoT. This, as a result, is expected to be the primary driver in the private LTE market.

Besides these advantages associated with private LTE network, increasing adoption of isolated networks is also being witnessed, which is expected to be a contributing factor for further penetration of private LTE.

Furthermore, increasing adoption of smartphones globally is also expected to push market expansion in a positive direction during the forecast period. In addition to this, governmental initiatives for offering enhanced public safety are also expected to propel the demand for private LTE networks globally.

However, issues, such as complexity associated with the implementation of private LTE networks and constraints in terms of the requirement for authorized license to deploy private LTE network is also expected to hinder the growth of private LTE networks.

Segmentation for private LTE market by product type

Segmentation for private LTE market by industry verticals:

Of the above mentioned industry verticals, major adoption of private LTE is expected in manufacturing and industrial segments owing to the increasing penetration of Industry 4.0 and Industrial IoT. Besides this, a major application of private LTE lies in the management of warehouses. Henceforth, warehouse management is also expected to be a driving factor for private LTE market.

Competitive Landscape

Who are some of the Key Market Players in the Private LTE Market?

The key players are focusing on enhancing their operations and increasing their overall efficiency to stay competitive in the market, which is expected to provide lucrative opportunities for the growth of the market during the forecast period.

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Private LTE Market: Key Players

Some of the key players in the private LTE market are Nokia, Huawei Technologies Co., Ltd., Qualcomm Technologies, Inc., Ruckus Networks, Future Technologies, Ambra Solutions inc., Comba Telecom Systems Holdings Ltd. and AIR-LYNX.

Many telecom players have witnessed opportunities for growth in the market and are, henceforth, aiming at launching or innovating solutions for the same. For instance, in February 2017, GE, Nokia and Qualcomm partnered together with an intention of demonstrating a private LTE network solution for the Industrial Internet of Things (IIoT).

Private LTE Market: Regional Overview

By geography, the private LTE market can be segmented across North America, Latin America, Western Europe, Eastern Europe, China, Japan, SEA and others in Asia Pacific, and Middle East & Africa.

Among these regions, North America is expected to dominate the global private LTE market during the forecast period owing to increasing adoption of LTE networks in the region.

The U.S. is expected to hold a major share in the North America private LTE market throughout the forecast period because of the growing demand for smart connected systems across various industry verticals. Europe and China are expected to exhibit considerably high growth rates owing to increasing applications and demand from manufacturing and industrial industry verticals segment.

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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Key Segments in the Private LTE Market

By Type:

LTE-TDD (long-term evolution time division duplex)
LTE-FDD (long-term evolution frequency division duplex)

By Industry Vertical:

Transportation
Military and Defense
Manufacturing and Industrial
Oil and Gas
Energy and Mining
Healthcare
Others

By Region:

North America
Latin America
Europe
Asia Pacific
MEA

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Engineering Services Outsourcing Market Report | Size, Growth, Demand, Scope, Opportunities & Forecast 2022 to 2032

The worldwide interest for engineering services outsourcing is projected to increment at a CAGR of 18.9% during the conjecture time frame somewhere in the range of 2022 and 2032, arriving at a sum of US$ 5,362.7 Billion out of 2032, as per a report from Future Market Insights (FMI). From 2016 to 2021, deals saw huge development, enrolling a CAGR of 14.8%.

The execution of Industry 4.0 is empowering shrewd assembling and is pushing the interest for the most recent modern arrangements in view of advanced mechanics, man-made reasoning (AI), and AI (ML), which is steadily setting out open doors for IT joining in the assistance contributions ESPs.

End-use ventures, for example, car and aviation, among others, require committed equipment producing capacities; thus, they are moving toward suppliers of computerized change services. This thus is supposed to set out worthwhile open doors for the development of the Engineering Services Outsourcing Market during the gauge time frame. Besides, the developing interest for mechanization in the open frameworks is supposed to set out massive open doors for ESPs.

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The fast mechanical headways in modern and correspondence advancements are supposed to fuel more appeal for engineering services outsourcing over the examination period. Because of the developing spotlight on digitization in various industry verticals, engineering specialist organizations center around giving IIoT engineering services to OEMs. A portion of the IoT engineering services incorporate IoT stage joining and IoT gadget improvement.

As the Industrial Internet of Things (IIoT) turns out to be more common and gotten with the developing reception of advanced mechanics, modern robotization, and 3D printing, the conspicuousness of Engineering Services Outsourcing suppliers will increment during 2022-2032.

The North America engineering services outsourcing market is expected to accumulate a market share of 30.0% in 2022. On geographic basis, North America is anticipated to be the largest market for Engineering Services Outsourcing market, as the region is home to long standing suppliers as well as end user sectors that are constantly adopting new and innovative technologies to improve business efficiency and productivity.

Key Takeaways from the Market Study

Global Engineering Services Outsourcing Market was valued at US$ 949.7 Billion by 2022-end

From 2017 to 2021, Engineering Services Outsourcing demand expanded at a CAGR of 8%
By Service, the Testing Services category constitutes the bulk of Engineering Services Outsourcing Market with a share of 33%.
By End-Use Application, the Industrial segment dominates, with a market share of 64%.

“Increased demand for utilizing the advanced and latest technologies into product offerings and the growing need to shorten product lifecycles and minimize costs are all likely to drive the engineering services outsourcing market expansion,” remarks an FMI analyst.

Competitive Landscape

Players in the global Engineering Services Outsourcing Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In December 2021, Tech Mahindra announced a strategic collaboration with the SOVICO Group, a leading investment group in Vietnam, to enable digital transformation for the SOVICO Group. The partnership was announced on the occasion of the official visit of H.E Vuong Dinh Hue, The Chairman of the National Assembly of Vietnam, to India.
In May 2019, UK-based automobile and aerospace significant Rolls-Royce had chosen Infosys as a strategic long-term assistant to convey designing, and advanced administrations. It will offer Rolls-Royce, building a computerized answers to address its clients’ issues. The US$ 11 Bn outsourcing firm has conveying programs in air and land-based gas turbines spanning component advancement, cutting edge producing advances, administration building, backing, testing and approval administrations.

Know More About What the Engineering Services Outsourcing Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Engineering Services Outsourcing Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

To understand opportunities in the Engineering Services Outsourcing Market, the market is segmented on the basis of product, portability, and application across five major regions.

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Key Segments Covered in the Engineering Services Outsourcing Industry Analysis

Engineering Services Outsourcing Market by Service:

Engineering Designing Outsourcing
Prototyping Services Outsourcing
System Integration Services Outsourcing
Testing E Services Outsourcing
Other Engineering Services Outsourcing

Engineering Services Outsourcing Market by Location:

Onshore Engineering Services Outsourcing
Offshore Engineering Services Outsourcing

Engineering Services Outsourcing Market by Application:

Engineering Services Outsourcing for Aerospace
Engineering Services Outsourcing for Automotive
Engineering Services Outsourcing for Industrial
Engineering Services Outsourcing for Consumer Electronics
Engineering Services Outsourcing for Semiconductors
Engineering Services Outsourcing for Healthcare
Engineering Services Outsourcing for Telecom

Engineering Services Outsourcing Market by Region:

North America Engineering Services Outsourcing Market
Latin America Engineering Services Outsourcing Market
Europe Engineering Services Outsourcing Market
Asia Pacific Engineering Services Outsourcing Market
Middle East & Africa Engineering Services Outsourcing Market

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Commercial Printer Market By System Type, End User, Regional Analysis & Forecast 2022 to 2032

It is estimated that the global commercial printer market will be worth US$ 789.5 million in 2022. The commercial printer market is expected to grow at a 2.3% CAGR and reach US$ 987.9 million by 2032.

Because of the increasing integration of commercial printers into office infrastructure and their transformation in the printing industry, the commercial printer market is one of the fastest growing markets.

Furthermore, the commercial printer market expansion is attributed to the global digitalization of various ventures. The popularity of advanced printing has fueled the demand for master printers, which increases efficiency.

Commercial printers have become commonplace in both homes and workplaces, and many professional photographers are using them as well. Film photography is becoming more popular among photography enthusiasts and professionals.

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Commercial Printer Market is one of the rapidly expanding markets as a result of the growing integration of Commercial Printers in office foundations and variation in the photograph printing industry. These variables have resulted in the rapid expansion of Commercial Printer all over the world. Furthermore, the global digitalization of various businesses will fuel the growth of the Commercial Printer Market.

Commercial printers are high-quality printers with advanced printing features such as a multi-sensor with built-in densitometer calibration, a colour calibration management system, a MicroPiezo AMC print head, and so on. Furthermore, commercial printers are used to transfer information or data from electronic to paper format. Today’s commercial printers are built to provide 3D professional printing and high-quality visual printing services.

Commercial Printer Market: Drivers and Challenges

The major growth drivers of the Commercial Printer Market include rise in demand from office infrastructure Integration and educational institutions. In addition, increased flexibility and responsiveness of Commercial Printers will drive the growth of Commercial Printer Market. Rising digitalization of various industries has to lead growth of the Commercial Printer across the globe.

Major challenges of Commercial Printer Market are increasing adaptation of ePaper, worldwide financial uncertainty and macroeconomic situations such as currency exchange rates and economic difficulties are some of the major factors which are hindering the growth of Commercial Printer Market.

Competition Landscape

Key contracts

Key Contracts in Commercial Printer Market are as:

In August 2016, Honeywell International, a U.S. based commercial and consumer products manufacturer launched new Professional Printer “PM42” in order to provide heavy-duty printing.
In September 2016, HP Inc., an American technology company, announced to acquire Samsung’s printer business for $1.05 billion, with an objective to compete in the copy machine market.

Key Players

Some of the major players in Global Commercial Printer Market are Canon, HP Inc., Seiko Epson, Brother Industries, Kyocera, Lexmark, Fujitsu, Ricoh, Apple Inc., Honeywell International, Xerox, Lexmark, Printeron, Epson and Zebra Technologies

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Regional Overview

North America and Asia Pacific (APAC) is holding the largest market share for Commercial Printer Market due to rise adaptation in various offices. Europe is fastest growing market for Commercial Printer due increased flexibility and responsiveness of Commercial Printers.

Sturdy economic progress and rising digitalization of various industries are driving the Commercial Printer Market in MEA region. The Demand for Commercial Printer Market has risen dramatically over the past two years globally.

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.

Key segments

By Technology:

Professional Inkjet Printers
Professional Laser Printers

By Product Type:

Professional Desktop Printer
Professional Commercial Printers

By Sales Channel:

E-Commerce/Online
Organized Retail Stores
Unorganized Retail Stores

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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