Beverage Packaging Market Is Set to Experience Revolutionary Growth by 2027

The beverage packaging market is expected to surpass US$ 128.2 Bn by 2027, likely to Grow Moderately at 4.1% CAGR during the assessment period.

Beverage packaging manufacturers have witnessed an increasing demand for smaller pack sizes, which has led to a rise in demand for beverage cans, as they are convenient for carrying.  However, rising awareness regarding sugar content in soft drinks, and the resultant health effects has led to a meteoric increase in the consumption of bottled water in the beverage packaging market.

In the beverage packaging market, brand owners in developed countries such the U.S. have been quick to capitalize on this growing demand and offer seasonal flavoured water, such as chocolate peppermint.

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High consumption of alcohol in developed and developing economies is expected to bolster the demand for beverage packaging, especially beer bottles and beverage cans, during the next ten years. High demand for flavoured alcoholic beverages, wine, soft drinks, and energy drinks are expected to bolster the sales of beverage cans in the beverage packaging market.

Key Takeaways of Beverage Packaging Market Study

According to FMI analysis, glass is expected to remain the top revenue generating segment in the beverage packaging market. However, it is expected to witness a decline during the forecast period, owing to the shift in preference for plastic packaging solutions, due to the brittle nature of glass.

The growth in consumption of bottled water is expected to continue in the beverage packaging market as more consumers continue to make the shift from carbonated drinks to low-sugar drinks. This is attributed to rising consumer awareness regarding the health effects associated with the consumption of carbonated drinks.

The Asia Pacific except Japan (APEJ) Beverage packaging market is identified as the most lucrative geographic region, wherein China & India represent a substantial total incremental opportunity over the forecast period.

“The beverage packaging industry is characterized by several design-level trends. One of the most prominent trends is an inclination of beverage packaging manufacturers towards packaging design innovation, keeping consumer convenience at the center. Many vendors focus on lightweight feature to help beverage packaging manufacturers in their efforts to reduce transit costs,” says an FMI analyst.

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Beverage Packaging Market by Category

By product Type:

  • Liquid Cartons
  • Beverage Cans
  • Glass Bottles
  • Plastic Bottles
  • Others

By Material:

  • Glass
  • Plastic
  • Metal
  • Paper/Paperboard

By Application:

  • Alcoholic Drinks
    • Beer
    • Wine
  • Non-Alcoholic Drinks
    • Fruit Juices
    • Carbonated Drinks/Soda
    • RTD Beverages

Beverage Packaging Market Landscape

Key players in the beverage packaging market such as Ball Corporation and Crown Holdings, Inc. emphasize on product development by adopting smart packaging technology, such as smart beverage cans, which can connect with electronic devices to interact with the user.  Key players operating in the global market for Beverage packaging include Crown Holdings, Inc., Amcor Limited., Ardagh Group S.A., Ball Corporation, Gerresheimer AG., Owens-Illinois, Inc., Berry Global, Inc., Beatson Clark Ltd., Intrapac International Corporation, BA Glass Germany GmbH., Nampak Ltd., Vidrala S.A., Silgan Containers LLC., Mahmood Saeed Beverage Cans & Ends Industry Company Ltd., and Orora Packaging Australia Pty Ltd.

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Table of Content
1. Executive Summary

1.1. Market Overview

1.2. FMI Analysis and Recommendations

1.3. Wheel of Opportunity

  1. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

  1. Market Viewpoint

3.1. Porter’s Five Force Analysis

3.2. Global Packaging Industry Outlook

3.3. Market Dynamics

3.3.1. Drivers

3.3.2. Restraints

3.3.3. Trends

3.3.4. Opportunities

  1. Global Beverage Packaging Market Analysis By Region

4.1. Introduction

4.2. Historical Market Size (US$ Mn) and Volume (Tonnes) Analysis 2012-2021 By Region

4.2.1. North America

4.2.2. Asia Pacific Excluding Japan

4.2.3. Western Europe

4.2.4. Eastern Europe

4.2.5. Latin America

4.2.6. Middle East and Africa

4.2.7. Japan

4.3. Current Market Size (US$ Mn) and Volume (Tonnes) Forecast 2022-2027 By Region

4.3.1. North America

4.3.2. Asia Pacific Excluding Japan

4.3.3. Western Europe

4.3.4. Eastern Europe

4.3.5. Latin America

4.3.6. Middle East and Africa

4.3.7. Japan

4.4. Market Attractiveness Analysis By Region

TOC Continued…

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Next Generation Packaging Market to Reap Excessive Revenues by 2022-2032

Future Market Insights (FMI) delivers key insights on the global next generation packaging market in its upcoming report titled “Next Generation Packaging Market: Global Industry Analysis and Opportunity Assessment 2015-2025”. The global next generation packaging market is projected to expand at a CAGR of 6.01% during the forecast period due to various factors, regarding which FMI offers vital insights in detail in this report.

On the basis of applications, the market has been segmented into food & beverages, healthcare & pharmaceuticals, personal care, logistics & supply chain and others. The food & beverages applications segment is estimated to account for over 43% share of the global next generation packaging market by the end of 2015.

The healthcare & pharmaceutical applications segment is expected to be the second largest segment, accounting for over 30% share of global next generation packaging market by the end of 2015. The personal care applications segment is expected to expand rapidly at a CAGR of 6.30% during the forecast period. Furthermore, the logistic & supply chain application segment in the market is expected to cross US$ 4.00 Bn mark by the end of 2025.

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On the basis of packaging type, the market has been segmented into various types, such as active packaging, intelligent packaging and modified atmosphere packaging (MAP). Among all the types, the active packaging segment is expected to hold the largest market share of over 36% by the end of 2015, followed by intelligent packaging segment, which is expected to account for over 33% share of the overall market by the end of 2015.

The modified atmosphere packaging segment is expected to account for over 29% share of the overall market by the end of 2015, but it is expected to lose its share to other packaging types by the end of 2025.

Growth of the global next generation packaging market is mainly driven by increasing aging population, overall advances in packaging materials and rising need of sustainable packaging. Moreover, trends that are driving the growth of the next generation packaging market are increasing research and development spending on packaging technology, growing adoption of Quick Response (QR) codes on packaging and development of advanced sensors.

This report covers trends that are driving the growth of each segment and respective sub-segments and offers analysis and insights on the potential of the next generation packaging market in specific regions. North America is expected to dominate the next generation packaging market, accounting for over 36% share of the overall market by the end of 2015, and is anticipated to remain dominant till the end of 2025. Western Europe is expected to be the second largest market, accounting for over 20% of market share by the end of 2015.

APEJ and Japan, collectively, are expected to account for over 26% share of the total next generation packaging market by the end of 2015. Among all the regions, Latin America is anticipated to expand at the highest CAGR from 2015 to 2025, followed by the Middle East & Africa, due to increasing investment and economic development in these regions.

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Key players in the global next generation packaging market include Amcor Limited, WestRock Company (Formerly MeadWestvaco Corporation), Sonoco Products Company, Sealed Air Corporation, Stora Enso Oyj, Bemis Company, Inc., MULTIVAC, WS Packaging Group, Inc., Active Packaging Ltd. and ULMA Packaging, S.Coop  .Currently, major participants, such as Amcor Limited and Sonoco Products Company, are focusing more on business expansion in emerging regions in order to enhance their global presence.

In addition, these key players are also focusing on expanding their packaging portfolio through acquisitions and mergers. For example, in 2015, MeadWestVaco Corporation and Rock-Tenn Co. merged together by creating new WestRpck Company. This Merger will help them to be a second-largest packaging company in the U.S. In 2015, Stora Enso Oyj entered into a joint development agreement with NXP Semiconductors N.V. for developing intelligent packaging solutions. This development is intended to primarily focus on the integration of RFID technology into packaging, in order to enhance consumer engagement and improve supply chain efficiency

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France Outbound Tourism Market is Projected to Expand at a Prolific CAGR of 4.3% from 2022 to 2032

The France outbound tourism market is estimated to expand at a CAGR of over ~4.3% during the forecast period of 2022-2032. Sales in the market are slated to reach a valuation of US$ 51.6 Mn by the end of 2032.

Holiday entitlement is a scheme promoted by several multinationals in France to avail assigned days of leaves for leisure and relaxation purposes. In addition, the National Holiday Voucher Agency policy gives the privilege to the employees in accordance with the law enacted on 11th February 2005 for equal participation and opportunity for special amenities within the France tourism structure.

The policy helps to improvise the accessibility of the outbound tourism facilities and acts as a strong driver for outbound tourism, leisure, and culture. Industrial tourism has become a genuine tourism sector due to the presence of large multinationals in France.

Company visits abroad and industrial tourism have become prominent, both in terms of leisure and business tours. This factor not only promotes international and cross-border trade but also creates a healthy atmosphere among the employees of various companies. This trend is estimated to have a moderate to high impact on the France outbound tourism market.

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Key Takeaways from the France Outbound Tourism Market Study

  • Based on purpose, the vacation segment is expected to witness fastest growth over the forecast period.
  • In terms of tour category, package travel segment is expected lead the France outbound tourism market over the assessment period.
  • Based on season, the October-December segment will create maximum revenue in the France outbound tourism market.
  • In terms of gender, the female segment is expected to be the most lucrative segment over the forecast period.
  • By top destinations, Spain and Italy are expected to be the most preferred locations among the consumers

“Leading tours and travel companies in France outbound tourism market are focusing on strengthening their footprint by adding various new tour packages in their portfolio with attractive deals and offers. They are also focusing on new ways of marketing their services to gain competitive edge in the market,” Says an FMI analyst.

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Who is winning?

Leading manufacturers of France outbound tourism market are focused on aggressive promotional strategies, advertisements, and new service offerings that have driven the growth of outbound tourism market in the U.K.

Major players present in the France outbound tourism market are Tui France, France Billet, Ticketnet, Odalys Evasion, Global Business Travel France, Travel Lab SAS, Oui.sncf SAS, Fram, Pv-Cp Distribution, and Vacances Heliades among others.

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The study divulges compelling insights on the France outbound tourism market based on age distribution (under 18 years, 18-25 years, 26-35 years, 36-45 years, 46-55 years & above 55 years), monthly income (less than US$ 2,000, US$ 2,000-3,999, US$ 4,000-7,999, US$ 8,000-11,999 & US$ 12,000 and above), gender (male & female), purpose (vacations, visiting family & friends, business trips, study, and others), mode of transportation (rail, air, sea, and road), travel frequency (once each year, several times each year, once for each 2-3 years, and others), season (January-March, April-June, July-September, and October-December), tour category (package travel, semi-independent travel, group tour, and independent travel), categories (transport, entertainment & site seeing, travel intermediaries, shopping, retail, and tipping), preference and behaviours (value-seeking sightseer, unplugged, aspirant, individualist, backpacker, shopper, novice traveller, and sophisticated traveller), tourist attraction favoured (sea/beaches, countryside, in the city, and mountain tracking, natural places), length of stay (nil nights, 1-3 nights, 4-7 nights, 8-14 nights, and 15+ nights), and top destinations (Spain, Italy, U.K., and Germany) across France.

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Travel Advertising Market is Reaching US$ 15 Bn  in 2032, at a Gracious Rate of 9% by the Year 2032

The Travel Advertisement market is poised to reach a valuation of US$ 9.7 Bn in 2022. Sales are projected to increase at ~ 9% CAGR, with the market size reaching US$ 15 Bn by 2032.

The Travel Advertisement market is forecasted to grow at a consistent growth rate during the forecast period. This is majorly attributed to the growing popularity of global content and the trend of cultural integration. People interested in understanding culture from different regions and experiencing them are likely to visit these places. The natural beauty and the landscapes around the regions are attracting adventure seeking tourists and nature lovers.

Overall, the Travel Advertisement is attracting more and more tourists each year and make them come back for experiencing more. the services provided by local businesses and the tour companies are leaving positive impression on tourists about the Travel Advertisement market.

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Key Takeaways from the Travel Advertisement Market Study:

  • The North America, Europe and Asia Pacific regions hold a market share of ~27%, ~24% and ~20% respectively.
  • Brochures and Newspaper, magazine advertisements are the key marketing means for tourism advertisements.
  • The travel agency businesses in USA increased by 5.2% in 2022.

“Tourism commercials are luring travellers to well-known locations around the globe, and advertising firms are adjusting to the sector’s evolving needs.” – FMI Analyst said.

Impact of COVID-19

Tourism is one of the significant sectors, impacting world’s economy. The tourism was about 7% of global trade. Many countries are depending upon tourism as primary economic source. The local livelihood and businesses as well as general development of these countries are depending on foreign exchanges during tourism. In 2019, the tourism industry was in disarray when the COVID-19 pandemic was declared and a global lockdown began.

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Most of the direct jobs depending upon tourism were in danger, countries with tourism as leading economic sector were vulnerable. The island countries and less developed countries also suffered a lots of loss during lockdown. Tourism being the main source of funds, the funding to the tourist’s places and conserved sanctuaries were reduced. Many local heritage festivals and tourist gatherings were postponed or cancelled, leading to no business of local and ethnic artifacts, generating income for indigenous people.

Tourism advertisement organizations were inactive, as there were no tours during lockdown period. Currently, as the tourism sector is gaining its pace back, the advertising and marketing firms are prepared with new tactics and planning for the developing tourism industry.

Who is winning?

The key players in travel advertisement sector are Amadeus travel advertising, Accord, MMGY global, DANA, DCI, Digitalcoconut, OP Worldwide, LLC, EchoVME, D cube Technologies, TheBeGlobal etc.

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

The study divulges compelling insights on the Travel Advertisement Market Based By Advertisement Media (Magazines, Newspapers, Television, Email, Others), By Travel Type (Business Travel, Backpacking, Family Travel, Others), By Tourist Type (Domestic And International), By Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, And 66- 75 Years) & Region – Forecast To 2017 – 2032.

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Fuel Cell For Data Center Market Assessment and Key Insights Analyzed Till 2032

Global Fuel Cell for Data Center Market is expected to encounter significant growth during the forecast period. As more companies look for reliable, resilient technologies to provide constant power as well as reduce its carbon footprint, distributed generation (DG) and renewable energy are gaining focus of the corporate culture. One of such prime technology as a renewable source of energy is fuel cell. A fuel cell generates electricity using an electrochemical reaction, not combustion, and depending on the fuel source, produces near to zero polluting emissions.

Utilization of fuel cell allows onsite power generation thereby reducing reliance over traditional grid system and using grid electricity in case of absence of fuel. Fuel cells have emerged as the most viable alternative to solar, wind or grid-powered electricity due to low cost financing, government subsidies, and the companies desire to reduce their carbon footprint and energy costs.

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Fuel Cell for Data Center Market: Dynamics

Reduction in fuel and energy cost coupled with low carbon emissions and increased energy efficiency & reliability are primarily gaining customer attraction. Significant tax reduction on fuel cell adoption for corporate data centers, thus luring the corporate culture to switch to fuel cell technology for powering data centers is primarily expected to increase the demand for fuel cell in near future.

Technological advancements in fuel cell usage specifically for data centers is expected the drive the market during the forecast period. For instance, Microsoft Corporation is developing mini fuel cells for IT server racks thereby reducing the need for power electronics from central systems which results in high energy consumption. However, low capital organization are reluctant to employ fuel cell primarily due to increasing reliance over fuel as a source of power.

Majority of the companies operating huge data centers are signing long term lease contract or purchase agreements instead of owning them as fuel cells have a long term payback period for their capital investments.

Fuel Cell for Data Center Market: Region-wise Outlook

North America dominates the fuel cell market for data center, followed by North America, Europe is the next major market for the fuel cell market for data center. Asia Pacific is emerging market for the Fuel cell system, and is anticipated to represent substantial growth during the forecast period, particularly in regions such as China and India. Japan is other significant region and expected to contribute major share in the global fuel cell market for data center.

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Fuel Cell for Data Center Market: Key Players

Some of the major players identified across the global Fuel Cell for Data Center Market includes FuelCell Energy, Inc., Doosan Fuel Cell America, Inc., Bloom Energy pvt. Ltd., Logan Energy, AFC Energy, Ballard, Toshiba Fuel Cell Power Systems Corporation, Plug Power, Panasonic and Hydrogenics.

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 categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

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

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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Fuel Cell for Data Center Market: Segmentation

The global Fuel Cell for Data Center Market can be segmented on the basis of product type, data center types, facility size and region

Based on product type global fuel cell market for data center can be segmented into

  • hydrogen
  • solid oxide
  • molten carbonate
  • phosphoric acid

By Data center type the market can be segmented into

  • Telecoms
  • ISP’s (internet Service Provider)
  • CoLos (Co-located server hosting facilities)
  • server farms
  • corporate data centers
  • university/ national laboratory
  • others

Based on facility the market can be segmented into

  • less than 200 sq.ft, 200-700 sq.ft
  • 700-1,200 sq.ft
  • 1,200-6,000 sq.ft
  • more than 6,000 sq.ft.

Report Highlights:

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

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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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Travel Vaccines Market to Achieve A High CAGR Of 9.8% During Forecast Period -2032

The Travel Vaccines Market is estimated to reach US$ 3,878.94 Mn in 2022. As per the report, sales are forecast to increase at a robust 9.8% CAGR, with the market valuation reaching US$ 6,914.22 Mn by 2032.

Vaccination is an extremely efficient way of preventing some infectious diseases. Vaccines
are relatively safe, with significant adverse effects being extremely rare. Most of the world’s youngsters are protected from a variety of infectious diseases by the routine immunisation programmes. Previously, millions of people died each year because of various diseases. Vaccination provides travellers with the option of preventing various infectious diseases that kids may come into contact with, when away from home.

There are several government bodies which are taking constant efforts in order to prevent the spread of diseases. Vaccinations are made mandatory to travellers before crossing the borders. Moreover, there are several pharmaceutical companies that are innovating as well as inventing new vaccinations for the constantly growing infectious diseases.

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The players have developed vaccinations that have less dosages to ensure the safety and prevent the side effects caused by the vaccines. Combinations of vaccines are also being used to generate immunity against multiple diseases. The growing incidences of infectious diseases and increasing awareness among travellers will boon the travel vaccines sector in the upcoming times

“Innovation in existing technology of vaccines and travellers getting more health conscious will prove to be beneficial for the Travel Vaccines Market” Says an FMI analyst.

Key Takeaways:

  • In terms of disease type, covid-19 vaccinations will have great demand in upcoming years.
  • By booking channel, the in-person booking segment is anticipated to hold a noteworthy share of nearly ~65%.
  • In terms of age group, demand in the age group 0-14 years and 66-75 years will continue gaining traction through 2032.

Impact of COVID-19 on the Market

The tourism sector was damaged due to the regulations of the pandemic caused by covid-19. Travelling was paused throughout the world. This has caused more number of travellers to come out of their homes and explore new places. However, the pandemic also resulted in people getting more conscious about their health. This increase in awareness of travellers has enhanced the travel vaccines market.

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Who is winning?

Leading players in Travel Vaccines market are GlaxoSmithKline plc, Merck & Co., Inc., Sanofi, Novartis AG, Pfizer Inc., Dynavax Technologies, Emergent BioSolutions Inc., Abbott, Bharat Biotech, Moderna, Serum Institute of India, Takeda, Chiron, BioNTech, Astra Zeneka, and GSK Vaccines among others.

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

The study divulges compelling insights on the Travel Vaccines by Diseases Type (Covid-19, Ebola, Influenza, Hepatitis, Others) Booking Channel (Online Booking & In Person Booking) Tourist Type (Domestic & International) Tour Type (Independent Traveller, Package Traveller and Tour Group) Age Group (0-14 Years, 15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, 56-65 Years, 66-75 Years) & Region – Forecast to 2017 – 2032.

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About Future Market Insights, Inc.

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Europe Rail Tourism Market is Projected to Expand at a Prolific CAGR of 5.06% from 2022 to 2032

The European tourism market is poised to reach a valuation of US$ 180 Bn in 2022. Sales are projected to increase at a 5.06% CAGR, with the market size reaching US$ 475.5 Bn by 2032.

European tourism is not doing well because of many factors. Main factors effecting the tourism sector are the post-Covid regulations around the world and fallen economy of most of the countries, from where tourists visit to European countries. The other being conflicts between Russia and Ukraine, indirectly affecting the tourism sector.

Even in this scenario, European Travel Commission is trying to get the tourism sector going as it was before Covid. To promote and encouraging rail tourism in European countries, ETC and Eurail have launched a campaign, called Best European Rail Tourism Campaign.

These united efforts are aiming toward increase in number of travelers by railroads, ultimately reducing the carbon emission, also giving attention to the sustainable travelling and increasing awareness of lesser-known destinations around Europe.

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“European committees are working together to promote rail travel among nations.” Says an FMI analyst.

Key Takeaways:

  • Based on train tour type, Scenic Train Tours are popular among international as well as domestic travellers visiting European countries.
  • By booking channel, the online booking is preferred by most travellers.
  • In terms of age group, individuals from age group of 26-35 are most common travellers to go for train tours around Europe.
  • COVID-19 affected ~1.02% sales in this market.

Impact of COVID-19 on the European Tourism Market

The COVID-19 led to complete halt to the public railway transportation services, as there were restrictions on travelling and sanitary measures to control the spread of the virus.

Both the domestic and international travellers were restricted from using public transportations, closing the railway tourism sector for nearly 2 years. Because of these restrictions, people started using personal transportation medium and it caused loss of economy and high CO2 production.

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Even though all these drawbacks, rail transport have higher advantage to start working efficiently, as there are different compartments and separated seats in train wagons, making it easier for keeping distance in between passengers in train. Numerous tourism businesses are establishing train trips in European nations while adhering to safety regulations, giving visitors a one-of-a-kind and never-before experience.

Who is winning?

Multiple travel agencies are providing Railway tours through famous cities and landscapes, mountain tops, river banks, forests in European Countries. Some of these tours are completely on the train, and some have halts in between for food and sightseeing. Some tours are including rides in Heritage Trains, highlighting the history of that country.

Major players present in the European rail tourism market are Trafalgar, G Adventures, Globus, Cosmos, Wings Tour, Explore!, Great Rail Journeys, Eurailing Packages, Bamba, Responsible Travel, Intro Travel, Wanderlands Travel, Georgian Holidays, Kiwi Vibes, etc.

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Future Market Insights, In Its New Offering, provides an Unbiased Analysis of the Europe Rail Tourism Market, Presenting Historical Demand Data (2017-2021) And Forecast Statistics for The Period from 2022-2032.

The Study Divulges Compelling Insights On the Europe Rail Tourism Market Based On the Tourism Type (High-Speed Train, Long-Distance Train, Night Train, Local/Regional Train, Scenic Train, International Train), By Country (United Kingdom, Scotland, Switzerland, Austria, Russia, Spain, Venice, Sweden, others), Booking Channel (Phone Booking, Online Booking & In Person Booking) Tourist Type (Domestic & International), Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, 66-75 Years) Across Europe.

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Desert Island Tourism Market is Reaching US$ 161.27 Bn in 2032, at a Gracious Rate of 3% by the year 2032

The Desert Island Tourism   market is poised to reach a valuation of US$ 120 Bn in 2022. Sales are projected to increase at ~3% CAGR, with the market size reaching US$ 161.27 Bn by 2032.

Islands have long been regarded as dreamy tourist locations. They provide genuine cultural and natural experiences in distinctive settings that are apart from the urbanized and ordinary areas that serve as the island’s primary source of tourists.

Islands frequently serve as the antithesis of metropolitan life, providing the sense of separation and change from the norm required to give the fundamental elements of a vacation. Islands have long maintained a special place in travelers’ hearts since they signify both crossing water and exploring a confined location that is full of mystery and intrigue.

They are frequently used to symbolize paradise as well. Major tourist attractions include islands in the Mediterranean, Caribbean, and South Pacific, while expanding air and sea connections has made islands in the Atlantic and Indian Ocean more accessible.

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Despite this, it is widely accepted in the tourist literature that island tourism, whatever it is defined and researched, faces a number of difficulties and issues and is the cause of social, environmental, and economic distortion. The development of facilities for tourism takes toll on resources available on islands, might be reason for pollution and can disturb the ecology.

Deserted islands can be exception to these aforementioned problems, as there are no inhabitants, and there are no means of development. If these islands have to be developed for tourism, the resources have to be brought to them, which is costly and inconvenient. Most of such desert island tours are just raw experience of nature, with no facilities whatsoever. People are also drawn to these islands, as there is no contact with outer world, and the get to connect with nature and experience the tranquility and solitude offered from them.

Key Takeaways from the Desert Island Tourism Market Study:

  • The Adventure Tourism sector in Jordan will be growing with 3% CAGR.
  • The Covid-19 pandemic had 1.1% impact on the value of the Desert Island Tourism sector.
  • Tourists visiting the deserted islands are expecting adventure activities and experience natural beauty.

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“These isolated islands’ natural beauty and genuine adventure beckon travellers to explore and endure despite challenging circumstances.” – FMI Analyst said.

Impact of COVID-19

The COVID-19 epidemic and the controls put in place to stop its spread are severely impacting the travel and tourist industry. While it is anticipated that many economic sectors would rebound once restriction measures are relaxed, the pandemic will likely have a longer-lasting impact on global tourism. The prospect of continued restrictions on the free movement of persons internationally and the decline in consumer confidence are the main causes of this.

This effect is sensed clearly by island countries, as their economy is majorly dependent on foreign direct exchanges from tourism. Many youths had jobs for selling products related to local culture or other basic needs, and they had to close them and businesses were also effected as there was no market available for sales. This lack market led to harsh fall in the economy of small island countries.

Who is winning?

Desert islands are main destinations for adventurers and wanderers. Tourists interested in luxurious tours or wanting to disconnect from rest of the world and enjoy somewhere alone choose island tours. Few recreational activities can also help tourists to refresh and get back to their normal life anew. The key players in the Desert Island Tourism market are Docastaway, Phu Quoc Tours, Freedom Adventures, Kantiang Tours, Williams Tours, Emmanuel Tours, Island Safari, etc.

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

The study divulges compelling insights on the Desert Island Tourism Market Tourism Type (Adventure, Luxury, Wellness, Cultural, Others), Activity Type (Camping, Safari, Diving, Fishing, Survival Simulation), Booking Channel (Online Travel Agents, Travel Agents, Direct Booking), Tourist Type (Domestic and International), Tour Type (Independent Traveler, Package Traveler, and Tour Group), Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, 56-65 Years and 66- 75 Years) & Region – Forecast to 2017 – 2032.

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Bridge Expansion Joints Market Size, Share, Future Trends, Competitive Landscape and Growing CAGR of 5.5% Forecast by 2031 – FMI

The bridge expansion joints market is expected to be worth US$ 990.8 million in 2021, and it is expected to grow at a CAGR of 5.5 %from 2021 to 2031. According to the report’s findings, the market for bridge expansion joints is expected to see increased demand from construction firms and the government sector in the coming years. Rising demand for bridge expansion joints in developing countries is expected to drive the market.

Due to increasing investments in the development of its infrastructure and transportation system, China currently dominates the world market for bridge expansion joints. During the forecast period, it is expected that the Chinese market will account for nearly one-fifth of the global market’s value share.

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Global Bridge Expansion Joints Market Dynamics

Increasing investments for infrastructural development across the globe will act as a catalyst for the overall growth of the bridge expansion joints market during the forecast period. Moreover, increasing construction activities in developing regions, such as SEA & pacific, are estimated to fuel the growth of the bridge expansion joints market over the forecast period.

On the flip side, one of the key challenges faced by the manufacturers of bridge expansion joints is that the upper layer of steel expansion joints corrodes when exposed to salts or de-icing salts. This is anticipated to be the primary factor hampering the growth of the bridge expansion joints market over the forecast period. Moreover, bridge expansion joints require high logistics cost due to their heaviness, which is another factor anticipated to act as a restraining factor for the growth of the bridge expansion joints market in near future.

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Global Bridge Expansion Joints Market Forecast

Market insights suggests that the overall size of the global bridge expansion joints market will expand over the forecast period. Several positive changes are expected to fuel the growth of the global bridge expansion joints market.

By region, China is projected to dominate the global bridge expansion joints market over the forecast period. China, followed by Western Europe, is estimated to remain the most opportunistic region in the bridge expansion joints market. In terms of value, China is projected to create incremental $ opportunity worth US$ 130.9 Mn in the global bridge expansion joints market during the forecast period. Middle East & Africa (MEA), followed by Latin America, are projected to grow at a significant CAGR over the forecast period in the global bridge expansion joints market.

By type, the closed type expansion joints segment is projected to dominate with a value of US$ 371.9 Mn in 2021. However, the open joints segment is projected to account for more than 40% share in the global bridge expansion joints market during the forecast period. In terms of growth, open type bridge expansion joint segment is projected to grow with modest growth rate during the latter half of the forecast period.

By application, the roadway bridges segment is projected to dominate the global bridge expansion joints market. In terms of volume, the demand from roadway bridges segment is projected to be pegged at 12,604 ‘000 meters by the end of 2031. In terms of value, the railway bridges segment is projected to create incremental $ opportunity worth US$ 118.8 Mn in the global bridge expansion joints market over the forecast period. Under the application segment, the roadway bridges sub-segment is expected to grow with remarkable growth rate in the global bridge expansion joints market owing to increasing roadway network in developing regions.

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 Competitive Landscape

Some of the key players involved in the manufacturing of bridge expansion joints and included in this study are Trelleborg AB, Canam Group Inc., Ekspan Ltd., Freyssinet Limited, Granor Rubber & Engineering Pty. Limited, Gumba GmbH & Co. KG, KantaFlex (India) Private Limited, Mageba SA, Metal Engineering & Treatment Co. Pvt. Ltd., ZaoqiangDacheng Rubber Co., Ltd., RJ Watson, Inc., TensacciaiS.r.l., Maurer SE and Watson Bowman Acme Corp.

Bridge Expansion Joints Market: Segmentation

The global bridge expansion joints market is segmented on the basis of type, application and region.

Based on Type:

  • Open Joints
    • Butt Joint
    • Sliding Plate Joint
    • Finger Joint
  • Closed Joints
    • Compression Seal Joint
    • Strip Seal Joint
    • Modular Elastomeric Joint

Based on Application:

  • Roadway Bridges
  • Railway Bridges

Based on Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia (SEA) & Pacific
  • China
  • Japan
  • Middle East & Africa (MEA)

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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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Customised Holidays Market to Achieve A High CAGR Of 13% During Forecast Period -2032

The customised holidays market is forecasted to be appraised at US$ 356.43 billion by 2032, up from US$ 105 billion in 2022, advancing at a CAGR of 13% from 2022 to 2032.

ith the rapid evolution of the travel industry along with a rise in disposable income, a new class of global travellers has emerged who don’t mind to pay more for their travel, but vie for a memorable experience while travelling as per their individual tastes and likes and dislikes. It is for such a class of travellers that the travel industry has come up with the idea of customised holidays.

Customised holidays are designed to suit the tastes and needs of a particular individual traveller or a group of travellers where they are the ones who decide the places they are going to visit, the duration of stay at each place, even the type of food they want to have and the hotel they want to stay in. Customised holidays are tailor made to suit the preferences of travellers unlike guided tours where everything is pre-decided and pre-fixed.

Customised Holidays: Drivers and Restraints

A rising affluent and middle class is giving rise to a new type of travellers who seek personalised experiences suited to their tastes and preferences, giving rise to customised holidays.

Rising disposable incomes and economic growth in the world are the major drivers for the rising preference of and inclination towards customised holidays. The main restraint to the spread of customised holidays is the high costs associated with it that all travellers cannot afford.

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Customised Holidays: Description

Tailor-made holidays or customised holidays are popular in the tourism and travel sector as they cater to the individual tastes and demands of travellers and don’t follow the philosophy of one size fits all, which is the idea on which packaged tours and guided tours work, where everything is decided in advance.

In a customised holiday, on the other hand, everything is decided by the traveller and the tour schedule is fixed as per the choices of the travellers themselves. Travellers send an initial request for proposal, in which they contact the chosen travel company even eight to nine months before the date of actual travel.

The traveller gives the travel dates, number of persons in the group, length of the journey, and the places that the traveller wants to see. Based on this information, the travel company prepares a draft itinerary and discusses the details with the traveller and also gives a rough cost estimate.

Based on subsequent discussions between the traveller and the travel company, and taking into consideration the special requests made by the traveller, the final travel itinerary is finalised and the customer is ready to enjoy a customised holiday.

A planning fee is charged by the travel company, which is automatically credited to the final payments made by the travellers for their trip. It is to be noted that safaris, cruises and other specialised trips may require a higher planning fee.

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The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

Key Segments Profiled in the Customised Holidays Market Survey

By Region:

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

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

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