Tip Location Devices Market to reach US$ 70.2 Million by 2030.

The global tip location devices market is likely to surpass USD 35 million in revenues by 2020-end, according to a latest report by Future Market Insights (FMI). The ESOMAR-certified firm has an optimistic outlook on the long-term prospects of tip location devices market, with its latest report forecasting a 6.4% CAGR through 2030.

Tip location devices are being commercialized as a solution to incorrect positioning of catheters. Using tip locator devices does reduce incidences of this incorrect positioning by 10-16% as they make use of micro sensors to gauge the catheter’s position. This, in turn, reduces the cost of catheterization as the conventional technique of X-Rays is not employed over here. This precision followed by cost-effectiveness are likely to drive the tip location devices market in the forecast period.

Moreover, the players have been an active part of global conferences with respect to showcasing the product portfolio. These measures are expected to increase the visibility of the players as a brand.

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For instance – Teleflex Incorporated, in Sep 2019, participated at the conference conducted by Cardiovascular and Interventional Radiological Society of Europe by presenting its Peripheral Intervention Product Portfolio. The conference was held in Barcelona.

Key Takeaways from Tip Location Devices Marker Study

  • Tip location system anticipated to witness a CAGR of 5% between 2020 and 2030
  • ECG with magnetic tracking accounted for more than 60% of market share in terms of revenue in 2019.
  • North America to account for more than 50% of market share in 2020 and the trend is expected to continue in the forecast period.

Competitive Intelligence

The global market is set to widen its scope in the forecast period, stimulated by rising number PICC procedures globally and adoption of tip confirmatory systems for during catheter insertion. The key market players covered by FMI include C.R. Bard, Inc., Teleflex Incorporated, AngioDynamics Inc., Vygon S.A., CORPAK MedSystems. Coming up with easy-to-use and advanced tip location devices is one of the objectives of these players.

For instance – Teleflex’s “Arrow VPS Rhythm Device with TipTracker Technology” does need any calibration, expedites patient therapy (with elimination of X-Ray or Fluoroscopy), and simplifies PICC insertion.

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On the similar lines, AngioDynamics has tabled next generation of Peripheral Atherectomy Technology. Acquiring Auryon has facilitated this state-of-the art technology.

CORTRAK* 2 ENTERAL ACCESS SYSTEM (EAS) is an electromagnetic stylet from Avanos that gives real-time location information regarding placement of the tip of the tube. One could get immediate feedback due to on-screen visualization. This eliminates use of X-Ray.

Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About FMI:

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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Clinical Workflow Solutions Market is expected to rise to US$ 41.7 Bn by 2032

According to a recent report by the highly regarded market research company Future Market Insight, the market for hospital capacity management solutions is expected to reach US$ 994 Mn by the end of 2020.

Hospitals have been forced to make significant investments in streamlining their operations due to the expansion of patient care caused by the high incidences of chronic and infectious diseases. Rapid technological progress in recent years has made it possible to incorporate artificial intelligence to improve healthcare. By minimising maintenance downtime and producing significant cost savings, the adoption of hospital capacity management solutions has ushered in a smooth workflow.

Hospitals all over the world are increasing their investments in real-time location systems (RTLS) and cloud-based monitoring solutions. The adoption of RTLS systems in healthcare settings is rising due to a number of benefits, including better patient flow, quicker room turnover, throughput optimization, and automated occupancy and discharge. Effective asset management is made possible by it as well.

The demand for hospital capacity management solutions has only increased due to the ongoing coronavirus pandemic. The pandemic has increased the need to implement cloud-based solutions in the upcoming forecast period as the demand for point-of-care access to medical records has grown. Additionally, there is a growing need for wireless monitoring tools, which allows doctors to prescribe efficient treatments to infected patients without having to be in close proximity.

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Key Takeaways from FMI’s Hospital Capacity Management Solutions Report

  • Manufacturers are emphasizing on integrated management solutions to facilitate multiple supervisory operations simultaneously
  • More than 30% of the hospital capacity management solutions needs are met by RTLS, attributed to the utilization of system-based crisis response and emergency management
  • North America and Europe collectively enjoyed 70% of the global hospital capacity management market revenue in 2019 while developing countries are seen as potential future investment hubs
  • Global hospital capacity management solutions market is slated to expand at a CAGR of 5% between 2020 and 2030

Hospital Capacity Management Solutions Market- Key Trends

  • Mushrooming demand for enhanced healthcare facilities in the wake of rapidly evolving health complications is providing traction to hospital capacity management solutions since a long time
  • Implementation of technologically advanced hospital capacity management solutions is being advocated by governments, setting aside a major chunk of their budgets in streamlining hospital care
  • Hospitals are collaborating with leading software and IT companies to design and implement state-of-the-art capacity management solutions, thereby spurring high investment inflow

Hospital Capacity Management Solutions Market- Region-wise Analysis

  • Increasing adoption of e-health solutions, demand for reduction in labor costs and waiting time for patients is driving capacity management solutions across hospitals in North America and Europe
  • Brazil, India, China and South Africa are expected to experience a massive upsurge in the adoption of hospital capacity management solutions. Increase in ICT spending and high patient pool are the key drivers

Hospital Capacity Management Solutions Market- Competitive Landscape

A number of players have penetrated the hospital capacity management market landscape over the past few years. In this study, these players have been profiled according to their regional prominence.

In the Americas, the prominent players include STANLEY Healthcare, Sonitor Technologies Inc., Cerner Corporation, Epic Systems Corporation and TeleTracking Technologies, Inc. among others. The European landscape is dominated by two main players: Koninklijke Philips N.V and Acromed AG while the Asia-Pacific landscape contains Neusoft Corporation, JVS Group, INFINITT Healthcare Co Ltd and Infosys Limited.

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All these players primarily focus on acquiring greater market shares by virtue of organic growth strategies such as expansion of product portfolios in the software sector. For instance, in May 2020, STANLEY Healthcare announced the incorporation of the Aero Scout RTLS certified by Cisco DNA Spaces.

In March 2020, Neusoft Medical Systems established a robust cloud-enabled platform in collaboration with the Kenyatta National Hospital in Nairobi to provide proper diagnosis to COVID-19 patients.

Hospital Capacity Management Solutions Market Taxonomy

Product Type

  • Workflow Management Solutions
  • Asset Management Solutions
  • Bed Management Solutions
  • Quality Patient Care Solutions
  • Real Time Location Systems (RTLS)
  • Event Driven Solutions
    • Online Registration Solutions
    • Attendance Management Tools
    • Event Driven Patient Tracking
    • Others

Application

  • Standalone Solutions
  • Integrated Solutions

Delivery Mode

  • On Premise
  • Cloud-based

Regions/Country

North America

  • U.S
  • Canada

Latin America

  • Mexico
  • Brazil
  • Peru
  • Others

Europe

  • EU-5
  • Nordic countries
  • BENELUX
  • Poland
  • Russia

South Asia

  • India
  • ASEAN

East Asia

  • China
  • Japan

Oceania

  • Australia
  • New Zealand

Middle East & Africa

  • GCC
  • Southern Africa
  • North Africa

Related Link :

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https://writer.zoho.in/writer/open/y855341689cf890da4b8d9c3ad5134dbebd75

https://acatpg.mn.co/posts/29217228

https://faceblox.mn.co/posts/29217236

https://globalsocials.mn.co/posts/29217244

About Us

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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Wrap Around Cartoners Market is forecasted to register a 2.9 % CAGR during 2022 – 2032

During the forecast period, the global wrap around cartoners market is expected to grow at a modest pace of 2.9%, reaching a value of US$ 887.3 million by 2032. In 2022, the market is currently valued at US$ 664.1 million.

The wrap around cartoners market is evolving and growing in the packing machinery industry. Manufacturers are introducing design upgrades and initiatives for capacity expansion, quick change over, and automation, which is driving up wrap around cartoner sales.

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Competitive Landscape

How are the Key Players Coping Up in the Competitive Landscape?

The key market players of the global wrap around cartoners market sector are now more ffocused on setting-up effective joint ventures, acquisitions, and/or collaborations in order to expand their respective consumer bases. By doing so, they stand to boost their given target bases by being able to cater to them on both a global as well as domestic level.

Some of the key market players in the wrap around cartoners market are:

  • Molins Langen
  • IMA Industria Macchine Automatiche SpA
  • Robert Bosch GmbH
  • Omori Machinery Co. Ltd.
  • Tetra Pak International S.A.
  • Marchesini Group
  • OPTIMA Packaging Group GmbH
  • IWK Verpackungstechnik GmbH
  • ROVEMA GmbH
  • Shibuya Packaging System Corpoartion
  • Cama Group
  • Triangle Package Machinery Co.
  • Douglas Machine Inc.
  • ACG Pampac Machines Private Limited
  • Econocorp Inc.
  • PMI Cartoning Inc.

Prime Movers Driving Growth in the Wrap Around Cartoners Market

Aesthetic Appeal The wrap around cartoners market is highly driven by the factor that they are aesthetically appealing in nature and offer better sealing options than any other carton type, which gives this an edge in the market.

  • Increasing Automation

High demand for wrap around cartoners is primarily being driven by increasing automation in the manufacturing industry, which in turn would decrease manpower engaged and elevate the level of efficiency of the production processes.

  • Food & Beverage Industry to Fuel Growth

It is analyzed that the food & beverage processors are highly investing lump sums of money in the automation of their existing facilities to avoid as much human contact as possible from their products.

  • Easily Recyclable

Wrap around cartoning does not pose any harmful effect on the environment and could be easily recycled. It is cost-effective and can be widely used for secondary packaging of goods in various industries, which is driving the growth of wrap around cartoners for further manufacturing.

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Outlook for the Region
Wrap Around Cartoners Market Outlook in North America
In terms of growth rate, the North American region outpaces other geographic categories over the predicted period. In the next years, it is expected to dominate the global wrap around cartoners industry. North America currently accounts for 28% of the total market share for wrap around cartoners.

Favorable policies and the growing significance of young enterprises eager to adopt the best packaging solutions are propelling growth in the North American region.
As a result of a high number of food and beverage industries choosing for automation of existing wrap around packaging plants, the market size in this region is increasing.

Key Segments in the Wrap Around Cartoners Market

By Capacity:

  • Upto 70 CPM
  • 70 to 150 CPM
  • 150 to 400 CPM
  • Above 400 CPM

By Orientation:

  • Horizontal
  • Vertical

By Region:

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

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

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About Future Market Insights, Inc.

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

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Call Center AI Market is likely to be valued at US$ 3.6 Billion-FMI

The  Call Center AI Market  is poised to grow at a stable CAGR of 13.5%, reaching US$ 6 Billion by 2032 from US$ 1.3 Billion in 2021. Growing client involvement through social media platforms, as well as increased data collection through the Internet of Things (IoT), social media, and developments in imaging technologies, are major growth factors for the call centre AI market.

Due to the growing necessity for organizations to replace old infrastructure to build a more flexible approach to customer interaction during the COVID-19 pandemic, the usage of sophisticated call centre software solutions has surged. Customer engagement success has historically been judged by the precision and speed with which requests are addressed, which is driving demand for call centre AI.

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Factors such as the increased need for improved customer experience and response time, as well as greater data analysis capabilities, are influencing the global call centre AI market. Furthermore, the call centre AI market’s growth is being hampered by expensive installation and training costs, as well as privacy and security concerns.

In certain cases, responding to client inquiries in real-time might be challenging for a customer service representative, as customers may not understand the context of their inquiry. This has necessitated the development of better data analytics skills. The global call centre AI market is growing due to the requirement for better data analytics skills.

During the forecast period, an increase in demand among contact centers to integrate social media platforms such as Facebook and Twitter to fulfill the organization’s aim of effective customer service programs is likely to give lucrative chances for call centre AI market expansion.

Platforms for social media have evolved into a vital component of modern businesses. Every firm has been increasing its social media presence in order to reach out to its customers more easily. With internet access and high social media penetration rates, a number of developing nations are seeing a population increase.

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Competitive Landscape:

Major vendors in the call center AI market include IBM, Google, Microsoft, Oracle, and SAP.

  • Microsoft inaugurated the Africa Development Centre (ADC) in Kenya and Nigeria in May 2019 as part of its commitment to cloud technologies across the continent.
  • IBM and Regions Bank Corporation (US) teamed up in April 2019 to offer IBM Watson AI technology to help improve customer service and aid bankers in their daily duties. Regions Bank uses Watson Assistance in its contact centers to assist both customers and workers, ensuring a great customer experience.
  • Google updated Dialogflow in February 2019 to make it more dependable, scalable, and accurate. Improved system entity recognition and language support are the two most significant changes. These enhancements are available in both Dialogflow versions (standard and enterprise).

Related Link :

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https://writer.zoho.in/writer/open/y855341689cf890da4b8d9c3ad5134dbebd75

https://acatpg.mn.co/posts/29217228

https://faceblox.mn.co/posts/29217236

https://globalsocials.mn.co/posts/29217244

About Us

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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Retro-Reflective Labels Market is anticipated to increase at a high CAGR of 16% 2022 – 2032

The retro-reflective labels market is expected to grow at a CAGR of 12% during the forecast period, rising from US$ 4.87 billion in 2021 to US$ 17 billion by 2032.

As a result of increased competition, the retro-reflective labels market is expected to display excellent growth potential throughout the forecast period. In the worldwide retro-reflective labels market, new rivals are offering a number of solutions at reasonable prices to meet the need for retro-reflective labels, making them more accessible to customers.

Labels are crucial components of the value chain of a packaged product. Because businesses commonly employ packaging and labelling for their products, making the label a vital component of the consumer encounter, sales of retro-reflective labels are expanding

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How Strong is the Competition in the Retro-Reflective Labels Market?

  • Avery Dennison Corporation,
  • UPM Raflatac,
  • PPG Industries, Inc.,
  • Brady Worldwide, Inc.,
  • 3M Company,
  • Lintec Corporation,

etc. are some of the leading participants in the retro-reflective labels market.

Recent Developments of the Retro-Reflective Labels Market:

  • Scott Safety (US), a leading maker of innovative products such as self-contained breathing apparatus (SCBA) systems, gas and flame detection equipment, and other safety gear, was bought by 3M in October 2017. Through this purchase, 3M expanded the product portfolio of its personal safety business segment. Along with reflective materials, 3M’s personal safety division offers products and solutions such as head, eye, and facial protection.

ORAFOL purchased a graphic distributor with a substantial presence in Melbourne, Perth, and Adelaide in August 2017. (Australia). With such a broad presence, the acquired graphic distributor became the only provider of ORAFOL goods in Australia’s retro-reflective and

What are the Key Contributors to the Retro-Reflective Labels Market Share?

The worldwide retroreflective labels market is segmented by producers that specialize in retail and industrial applications. Sales of retroreflective labels are subject to improvement due to technological compositions and sophisticated design principles that are included in the material selection and production process.

Retroreflective labels simplify identification, and reflective barcodes, with their long-range legibility, are ideal for expediting identification in industrial applications. For example, warehouses can utilize long-range labels to identify fourth-tier bins. By reading a retroreflective label on a bin from a distance of more than 30 feet, a forklift operator may instantly retrieve critical information about that bin — what it contains, where it has to be transported, and where it originated from.

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Sales of retroreflective labels are also blooming as they provide several advantages, including economic effectiveness, reduced labour needs, and simplicity of inventory management. The worldwide sales of retroreflective labels rapid expansion are projected to fuel demand for retroreflective labels.

Key Segments For Retro-Reflective Labels Market

By Product Type:

  • Pre-printed
  • Personalized (On-demand)

By Material Type:

  • Plastic
  • Paper
  • Glass Beads

By Application:

  • Manufacturers
  • Shipping & logistics

By End User:

  • Food & Beverages
  • Healthcare & Pharmaceuticals
  • Electrical & Electronics
  • Cosmetics & Personal Care
  • Chemicals & Fertilizers
  • Other Industries

By 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)

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About Future Market Insights, Inc.

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

Contact Us:

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Conductive Fluted Sheets Market is projected to reach a valuation of US$ 82.16 Billion in 2022

The global conductive fluted sheets market had a market size of US$ 78.5 billion in 2021 and is predicted to reach US$ 127 billion by 2032, with a CAGR of 4.45% from 2022 to 2032. The rapid rise of the electronic sector, particularly in developing nations, can be linked to the market’s growth.

Electronics manufacturing and distribution require moisture and chemical resistant packaging to assure the safety of the packed product, making both industries important customers of conductive fluted sheets. Aside from these two industries, the protective packaging market is a prominent user of conductive fluted sheets, propelling market growth over the projection period.

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Market Competition

Key players of the global conductive fluted sheets market include

  • GWP Group Limited,
  • Desco Industries Inc.,
  • Corlite Packaging Industries Sdn Bhd,
  • Shreeram Polymers Inc.,
  • Shish Industries Limited,
  • Protech,
  • Coroplast, among others.

Coroplast® is North America’s largest manufacturer of conductive fluted sheets that are ideal for outdoor and indoor applications in screen printing with premium colors for graphics.

How is an Expanding E-Commerce Market in China Propelling Conductive Fluted Sheets Demand?

According to the analysis, the market in China is projected to expand at a CAGR of 7% during the forecast period. The market is principally influenced by the increasing per capita income, changing demographics, and social atmosphere. Consequently, new packaging processes, new materials, and forms demand is generated.

During the assessment period, the expansion of e-commerce giant players like Alibaba is predicted to play a crucial role in propelling the conductive fluted sheets market. For instance, as per Alibaba, the Chinese spent about US$ 139 Billion during Single’s day fest. This generated enormous demand for inventory and storage of several goods and enhanced demand for conductive fluted sheets for packaging.

Australia’s Department of Agriculture and Water Resources has raised concerns about China’s ability to accomplish the rising demand for food supply from domestic production.

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Key Profiles Segmented in the Global Fluted Sheets Market

By Material:

  • Polypropylene (PP) Conductive Fluted Sheets
  • High-Density Polyethylene (HDPE) Conductive Fluted Sheets

By Thickness:

  • Conductive Fluted Sheets Below 3 mm
  • Conductive Fluted Sheets from 3mm-5mm
  • Conductive Fluted Sheets from 5mm-9mm
  • Conductive Fluted Sheets 9mm and above

By Applications:

  • Conductive Fluted Sheets for Boxes & Totes
  • Conductive Fluted Sheets for Inserts & Dividers
  • Conductive Fluted Sheets for Bins & Trolleys
  • Conductive Fluted Sheets for Liners

By End-User:

  • Conductive Fluid Sheets for Automotive Packaging
  • Conductive Fluid Sheets for Defense Arms Packaging
  • Conductive Fluid Sheets for Food & Beverages Packaging
  • Conductive Fluid Sheets for Textile Yarn Packaging

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Impact of Covid-19

Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-9048

About Future Market Insights, Inc.

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Pump Tubes Market is expected to rise at 5% to 6% value CAGR by 2032 | Future Market Insights, Inc.

The global pump tubes market is expected to grow at a CAGR of 5% to 6% between 2022 and 2032. Increased use of pump tubes in the personal care industry and rising demand for technologically advanced packaging solutions in the cosmetic sector are likely to drive market sales.

Pump tubes are tubular packaging containers with sealed pump dispensers. Because of their innovative airless dispensing technology, which limits ingestion of gases such as oxygen and retains the product’s effectiveness, these tubes protect the product placed inside the container from contamination.

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Market Competition

Some of the leading players in the global pump tubes market are

  • Silgan Holdings Inc.,
  • Essel Propack Limited,
  • Yangzhou Guanyu Plastic Tube Co., Ltd,
  • Matsa Group,
  • Guangzhou Lisson Plastic Co., Ltd.,
  • Albéa S.A.,
  • Viva Healthcare Packaging Ltd.,
  • TA Plastics Tube Co.,
  • Hoffmann Neopac AG,
  • Quadpack Industries, S.A., and
  • Guangzhou Jiangcai Package Co., Ltd.

The market for pump tubes is highly competitive, due to large number of participants and increasing introduction of novel products by leading players

Which are the key drivers propelling the Pump Tubes market?
Acne, eczema, skin cancer, psoriasis, and other dermatological illnesses have been on the rise over the last decade, owing to increased ultraviolet (UV) radiation and rising air pollution. According to the America Academy of Dermatology Association, nearly 9,500 persons in the United States are diagnosed with skin cancer every day.

As tubular packaging solutions such as pump tubes are increasingly being used for packaging dermatological items such as ointments, creams, gels, and others

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What are the Challenges Faced by the Pump Tubes Market?

Increasing concerns regarding environmental sustainability and rising customer inclination towards adopting all-natural and eco-friendly personal care & cosmetic products have resulted in shifting preference towards biodegradable packing solutions.

Citing this trend, several industry players are increasingly launching novel organic products with paper-based packagings such as composite cardboard tubes, which is in turn, hindering the demand for pump tubes in the market.

Also, implementation of bans and other regulations concerning the use of plastic across the U.S., India, the U.K., China, and others is further restraining the growth in the market.

Key Segments Profiled in the Pump Tubes Market Survey

By Diameter of a Cap:

  • Below 10 mm
  • 20 mm – 40 mm
  • Above 40 mm

By Tube Capacity:

  • Below 50 ml
  • 50 ml to 250 ml
  • Above 250 ml

By Material of Caps:

  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)

By Material of Tubes:

  • Polypropylene
  • Polyethylene
  • High Density
  • Low Density
  • Ethylene Vinyl Alcohol (EVOH)

By End User Industry:

  • Cosmetics & Personal Care
  • Pharmaceuticals

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

About Future Market Insights, Inc.

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

Contact Us:

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T: +1-845-579-5705
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Shrink Wrapping Machines Market is expected to reach US$ 1,685.7 Million in 2032

The shrink wrapping machines market is predicted to grow at a 7.2% CAGR and reach a value of US$ 842.3 million by 2022. The shrink wrapping machines market is expected to grow to $1,685.7 million by 2032.

Shrink wrapping machine market growth is driven by the demand for shrink wrapping machines designed for extended shipping periods. The requirement for product shipping and transportation to reach a larger geographic client base has led in increased demand for shrink wrapping machines, which influences the main trends and opportunities in the shrink wrapping machines market.Consumer demand for goods, food, and drinks has surged as a result of rising disposable incomes among consumers in emerging nations, which is impacting the shrinking economy.

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Recent Development:

Partnership:

  • A partnership agreement between Standard-Knapp, Inc. and EoL Packaging Experts (EoL), a global provider of end-of-line packaging solutions for the food and beverage sector, was signed in August 2019. With a recognised presence in both America and Europe, the merger could produce a globally active industry leader for end-of-line packaging equipment and systems.

Acquisition:

  • Aetnagroup acquired OCME in May 2019. In order for AETNA GROUP to maximise the technical, industrial, and commercial synergies to meet new challenges, the consolidation strategy of the two industrial companies, ROBOPAC AND OCME, has been put into place.

Key Players

  • 3M Company
  • Texwrap Packaging Systems
  • ARPAC LLC
  • Axon
  • Duravant
  • Eastey Enterprises
  • Kliklok-Woodman
  • Massman Automation Designs, LLC
  • PakTech
  • PDC International Corp
  • Standard-Knapp, Inc.
  • Tripack and Shrinkwrap Machinery Co. Ltd
  • Gebo Cermex.

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What are the Growth Propellers in the Shrink Wrapping Machines Market?

Shrink wrapping machines provide configuration functionality to handle different products’ packaging needs. One of the main factors driving the shrink wrapping machines market opportunities is the machines’ capacity to shrink-wrap items of various shapes and sizes with varying levels of complexity as a function of size, volume, and speed.

The shrink wrapping machines market has benefited from technological advancements that have increased the speed and efficiency of the machines, creating lucrative shrink wrapping machines market opportunities. The cost of secondary packaging has significantly decreased thanks to shrink wrapping, which has also increased demand for shrink wrapping machines leading to the sure in the sales of shrink wrapping machines.

Shrink Wrapping Machines Market: Market Dynamics 

The growth of the shrink wrapping machines market is correlated with the demand for packaging products meant for longer shipping period. The demand for transportation and shipping of products to cover expanded geographic customer base, has led to growing demand for shrink wrapping which influences the demand for shrink wrapping machines market. 

Currently the shipping volume around the world is about 10 billion tons. The increase in the disposable income of the consumers in the emerging economies has led to the increase in demand for consumer goods, food and beverage market which is influencing the shrink wrapping machines market. The shrink wrapping machine is easy to operate which reduces the requirement for skilled personnel. 

Further shrink wrapping machines have low operational cost that act as favorable factor driving the shrink wrapping machines market. 

Shrink wrapping machines offer configuration functionality that address packaging requirements of varied products. The ability of the shrink wrapping machines to wrap products of different shapes and sizes with varying level of complexity depending upon size, volume and speed is a key factor benefiting the shrink wrapping machines market. 

However the shrink wrapping machines requires high initial investment and it is a key factor restraining the proliferation of the shrink wrapping machines market. Shrink wrapping machines are designed for the use of plastic films which is a non-ecofriendly material. Ban on such films may limit the shrink wrapping machines market. 

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Shrink Wrapping Machine Market- Regional Outlook 

In the backdrop of upsurge industrialization and other economic factors in the APEJ region, growth in over the forecasted period shrink wrapping machine market in APEJ region is expected to be followed by North America. The Eastern Europe and Western Europe region is also expected have growth in shrink wrapping machine market over the forecasted period due to escalating packaging requirement for the meat & processed food products. Shrink wrapping machine market is at an introductory stage in MEA region.  

About Future Market Insights, Inc.

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Biocomposites Market reaching around US$ 128 Bn by the end of 2032

The global Biocomposites Market is expected to increase at a robust CAGR of 16%, from US$ 25 Bn in 2021 to US$ 128 Bn in 2032. Over the forecast period, the global Biocomposites Market is predicted to increase at an exponential rate of 16%. Valued at US$ 25 Bn in 2021, the biocomposites market is anticipated to reach US$ 128 Bn by 2032. The increased research and development efforts for composite materials and biocomposite uses and benefits such as recyclability, lightweight, and cost-effectiveness are driving this trend. In addition, due to the harmful nature of synthetic materials, recycling challenges, and toxic residues, the biocomposites market size will continue to expand throughout the predicted timetable.

As per the biocomposites market report, Germany, the United States, and Japan are among the developed countries working on boosting the usage of ecologically friendly items rather than petroleum-based products.

The European Union (EU) has favoured such items over the United States and Japanese governments. It requires the use of bio-based materials, encourages the recyclability of vehicle components, and holds automakers accountable for disposal at the end of the vehicle’s service life. These laws are likely to boost demand for biocomposites in various end-use industries, including transportation, construction, and electrical and electronics.

The power necessary to make biocomposites is far lower than that critical to making glass fiber composites or carbon fiber composites. On the other hand, Biocomposites are more expensive than glass fiber composites. However, price reductions are prospects due to economies of scale and common biocomposites applications.

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These biocomposites may be made inexpensively in developing countries like India and China using abundant raw materials, including flax, jute, Kenaf, and hemp. Therefore, the overall cost of natural fiber-based biocomposites will be reduced. In addition, the biocomposites market future trends indicate that as the technology matures and production reaches economies of scale, these biocomposites are likely to become less expensive in the long run.

COVID-19 has had a detrimental impact on sales of biocomposites due to a drop in demand from numerous end-use sectors. Being one of the largest users of biocomposites, building and construction have seen the worst and most immediate effects of the epidemic. The building industry has been hit the worst. This has had a negative biocomposites market outlook.

Advancing at a CAGR of 16%, the biocomposites market size is expected to reach US$ 51 Bn by 2026.

Key Takeaways

  • The hybrid composites product section captured the largest market size in the global biocomposites market, owing to increased biocomposites applications around the world. Its substantial market share is credited with the optimum fiber adhesion that leads to decreased moisture content, high strength, and structural capacity.
  • As per the biocomposites adoption trends, they are predicted to be the dominant market in the Asia Pacific. Over the projected period, it is also anticipated to be the fastest regional market.
  • The requirement for synthetic polymer biocomposites had decreased in 2020 because of the COVID-19 pandemic. As global end-use industries found a stable footing by the fourth quarter of 2020, demand for biocomposites also showed signs of recovery.
  • The market for biocomposites is dominated by the building and construction industry.
  • Wood fiber composites have the biggest market share in volume in the global biocomposites industry.

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Biocomposites Market Key Segments

By Fiber Type:         

  • Wood Fiber Composites.
  • Non-wood Fiber Composites

By Polymer Type:

  • Natural Polymer Composites
  • Synthetic Polymer Composites

By Product:

  • Hybrid Biocomposites
  • Green Biocomposites

By End-use Industry:

  • Building & Construction
  • Transportation
  • Consumer Goods
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and 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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VCI Paper Market is expected to reach US$ 696.5 Million in 2032 | Future Market Insights, Inc.

The global VCI paper market is expected to be worth US$ 600.3 million in 2022, with a 1.5% CAGR from then until 2032. According to the FMI research, VCI paper sales are predicted to increase to $696.5 million by 2032.

VCI paper is becoming more popular due to its anti-corrosive properties, low cost, and environmental friendliness and recyclable nature. The fact that VCI papers operate as corrosion inhibitors contributes to their rising demand. They aid with the corrosion protection of metal components, costings and assemblies, and diverse parts. This substance is expected to provide protection during metal transportation and other factors that extend the lifecycle.

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Competitive Landscape

Key Players Setting the Bar too High for New Entrants with their Innovation Capabilties

The key companies are seeking solutions that would make packaging seamless for the end users. Some of the recent developments by the market players are:

Natur-VCI, a biodegradable and compostable vapor corrosion inhibitor film, was introduced in May 2021 by the Northern Technologies International Corp. business unit to protect both ferrous and non-ferrous metals during shipment and short-term storage.

The key players in the VCI paper market are:

  • Branopac
  • OJI PAPE
  • Daubert VCI
  • Zerust
  • RustxUS
  • LPS Industries
  • Transilwrap (Metpro)
  • Protective Packaging Corporation
  • RBL Industries
  • Technology Packaging Ltd
  • Protopak Engineering Corp
  • Green Packaging

Recyclability of VCI Paper to Keep the Profit Margin High for Manufacturers

It is projected that the increase in the export of steel and iron parts and other similar components across the globe is one of the major factors driving the growth of the VCI Paper market. Moreover, the extensive need in the level of shipping and logistical activities of metal products is raising the demand for advanced anti-corrosion products, and the surge is adopting various development strategies by manufacturers to get an edge in the market, which is further accelerating the growth of the VCI paper market.

Furthermore, the factor propelling the VCI paper market is the recyclable characteristic of the paper. Along with having recyclable properties, the VCI papers are environment-friendly in nature and quite economical, that act as a promoting factor for the VCI paper market.

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VCI Paper Market- Market Dynamics 

Anti-corrosive nature of VCI paper is the major driver for the VCI paper market which facilitates effective protection during transportation of metals. Another factor fueling the VCI paper market is the property of the paper which increases the life-cycle of products without interfering with their electrical or mechanical surface properties. 

VCI paper is environment friendly and quite economic in nature thus acting as another promoting factor for the VCI paper market. Another factor propelling the VCI paper market is the recyclable characteristics of the paper. 

VCI paper protects both ferrous and non-ferrous materials including steal, cast iron, aluminum, copper, zinc, nickel and chrome. Another factor aiding in the growth of VCI paper market is the easy and convenience of using VCI paper. 

The flexibility of VCI paper aids in wrapping of metallic parts and components easily without any usage of packaging tapes hence making the packaging process economic and more productive. However, the major barrier to the VCI paper market is its compatibility with smaller parts and components. Moreover, the hindrance during visual inspection of machines restrains the growth of VCI paper market.  

VCI Paper Market- Regional Outlook 

Geographically, the VCI paper market can be segmented into five key regions namely, North America, Asia Pacific, Europe, Latin America and Middle East and Africa. North American and European regions is the leading market segment for the VCI paper market and due to the increasing demand in these regions the market is expected to witness a healthy growth over the forecast period. 

Active investments made in the emerging market of Asia-Pacific due to economic labor is also anticipated to have a significant growth over the forecast period.

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Key Segments in the VCI Paper Market

By Product:

  • VCI Paper
  • VCI Films
  • VCI Bags
  • Foam
  • Other

By Material:

  • Paper
  • Polythene
  • Other

By End-User Industry:

  • Aerospace & Defence
  • Primary Metal
  • Electricals & Electronics
  • Automotive
  • Heavy Equipment
  • Metal Works

By Region:

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

About Future Market Insights, Inc.

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market reports: https://www.futuremarketinsights.com/reports