Metal Banding Machine Market to Expand 1.5x by 2032 as Adoption of Industry 4.0 Rises Worldwide

As per FMI, the global metal banding machine market size is projected to reach a valuation of US$ 1 Bn by 2032 and witness growth at a healthy CAGR of 3.9% from 2022 to 2032. 

A metal banding machine is a device that uses a stainless steel strap to wrap a product in a huge container. These machines are widely used for wrapping heavy and bulky goods for transportation and logistics purposes. These often use metal straps of different widths and each metal strap has individual potential. 

Over the last decade, technological advancements have encouraged manufacturers of packaging solutions, including metal banding machines, to offer new products with modernized mechanisms. Moreover, demand for automated metal banding machines has increased due to the global acceptance of Industry 4.0. 

The transportation and logistics industry is set to drive growth in the market on the back of surging use of automatic metal banding equipment to pack goods within a minimal time.

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Competitive Landscape: Metal Banding Machine Market 

Some of the leading companies present in the metal banding machine market include  

  • Signode Industrial Group LLC,  
  • Fromm Holding AG,  
  • Dongguan Xutian Packing Machine Co. Ltd.,  
  • Cyklop International,  
  • North Shore Strapping Inc.,  
  • Polychem Corporation,  
  • Transpak Equipment Corp,  
  • VENUS HARTUNG PTY LTD,  
  • GTI Industries Inc.,  
  • Bystronic Laser AG,  
  • TRUMPF GmbH + Co. KG,  
  • transfluid® Maschinenbau GmbH,  
  • WAFIOS AG,  
  • Pines Engineering & H&H Tooling,  
  • SOCO Machinery,  
  • Euromac,  
  • Schwarze Robitec GmbH,  
  • Numalliance, Inductaflex Ltd., and  
  • Stierli Bieger AG. 

Key Takeaways: Metal Banding Machine Market 

  • The global metal banding machine market is expected to grow 1.5x over the forecast period.
  • The India metal banding machine market is projected to be valued at around US$ 31 Mn in 2022.
  • The Germany metal banding machine market is set to create an absolute $ opportunity of approximately US$ 17 Mn during the forecast period.
  • By automation type, the automatic segment is anticipated to generate a total incremental opportunity of US$ 216 Mn in the next decade.
  • Based on orientation, the horizontal metal banding machine segment is estimated to hold the largest share of 69% by the end of 2032.

“High demand for metal banding machines to safeguard cargo during transportation and shipping is expected to boost growth in the market. In addition, surging demand for these machines in heavy-duty industries such as building & construction, shipping & logistics, and automobiles would aid growth,” comments a FMI analyst.

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Development of Innovative Metal Banding Machines to Drive Growth 

Many developed countries are spending huge sums on research and development activities to come up with automated solutions for industries. Several packaging machinery manufacturers are also striving to generate more market shares by investing in the development of new machines with full functionality and customization. 

End users are looking for innovative machines that can handle multiple tasks at the same time, thereby saving time and labor costs, as well as increasing profits. These factors would push sales of automated metal banding machines in the forthcoming years. 

Rising International Trade to Propel the Metal Banding Machine Market 

The shipping and logistics industry plays an important role in accelerating international trade. Metal banding machines are widely used in the industry to transport goods with strong and durable straps. 

These goods are heavy and bulky and thus should be packed with metal straps to avoid damage and other accidents. Increasing import and export activities across the globe are anticipated to drive the market in the next decade. 

Metal Banding Machine Market Outlook by Category 

By Automation: 

  • Manual 
  • Semi-automatic 
  • Automatic 

By Orientation: 

  • Horizontal Metal Banding Machine 
  • Vertical Metal Banding Machine 

By Region: 

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

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Global Composite IBCs System market to expand at a 4.7% value CAGR by 2032

Demand for global composite IBCs System is expected to be valued at US$ 7,632 Million in 2022, rising at a CAGR of 4.7% to US$ 12,082.2 Million from 2022 to 2032. The tremendous technological improvement in the IBC domain is linked to growth.

The increasing demand for a dependable form of cross-border transportation has fueled the composite IBCs System sector. Additionally, containerization has resulted in significantly decreased shipping costs. Composite IBCs are lightweight and space-saving containers, hence they are popular among end customers.

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Global Start-ups of Composite IBCs System Market

  • Time Technoplast
  • Pyramid Technoplast
  • TPL Plastech
  • Matcon
  • GEA
  • Plastic Pallet India
  • Plastirey Containers
  • Bulk Systems
  • Nanolike
  • Metanousa

Market Competition

Greif Inc., Snyder Industries, Inc., Hoover Ferguson Group, Inc., Mauser Group B.V., Composite Containers, LLC, and Pacific Container Systems are some of the main players in the worldwide Composite IBCs System market.

Because of the large number of competitors, the market is extremely competitive. While worldwide manufacturers such as Greif Inc., Snyder Industries, Inc., Hoover Ferguson Group, Inc., and Mauser Group B.V. have a sizable market share, numerous regional level firms are also active in important growing regions, notably North America.

Recent Developments in the Composite IBCs System Market

  • In November 2020, Schoeller Allibert, a European manufacturer of recyclable, reusable, and returnable plastic packaging solutions, will unveil ChemiFlow, an UN-approved Intermediate Bulk Container (IBC) intended to carry hazardous and highly corrosive chemicals. This demonstrates the company’s dedication to the chemical production and distribution business.
  • In December 2020, Time Technoplast will debut a new generation of multilayer pipes for power/communication cable ducts with silicone in-lining. The business also created complementary components to offer as a whole bundle. These technologically advanced, innovative items meet international requirements and are employed in high-performance applications. These pipes/ducts are being introduced for the first time in the country and have significant commercial potential.

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Global Composite IBCs Market: Dynamics 

Large petroleum oil production and exports propels the need for bulk container packaging. Shipping costs have significantly reduced for the end users, as the number of labour personnel required for the loading and unloading process has also significantly reduced due to composite IBCs. 

Composite IBCs are non-corrosive in nature which makes them ideal for the transportation of almost all types of products, thus catering to a large base of end users which further spurs the demand of the global composite IBC market. Growing preference for the flexible intermediate bulk container is a major factor restraining the growth of the global composite IBC market. 

Moreover, escalation in the raw material prices has led to significantly high cost of composite IBCs, thus hampering the market growth. Use of composite IBCs for dry bulk shipping is likely to create new opportunities of growth for the global composite IBC market. Use of bio based raw materials for the production of composite IBC is a key trend prevailing in the global composite IBC market.

Composite IBCs System Demand Analysis (2016 to 2021) Vs Market Outlook (2022 to 2032)

The global demand for composite IBCs system is projected to increase at a CAGR of 4.7% during the forecast period between 2022 and 2032, reaching a total of US$ 12,082.2 Million in 2032, according to a report from Future Market Insights (FMI). From 2016 to 2021, sales witnessed significant growth, registering a CAGR of 3.9%. Industries are eager to implement temperature-controlled bulk storage systems in order to retain the required qualities of the stored content.

To meet the specialised needs of industries, IBC manufacturers are working on the development of temperature-controlled and heater jacket-compatible IBCs. Shipping of hazardous chemicals must be carefully handled to avoid asset loss and to ensure that all legal container compliance requirements are met.

Electronic tagging of IBCs is expected to help producers decrease the expense of lost or damaged IBCs by facilitating traceability of industrial chemicals. In compared to drums, Composite IBCs System are utilised for low-cost bulk fluid storage and transportation.

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Key Segments Profiled In The Composite Ibcs System Industry Survey

Composite IBCs System Market by Material Type:

  • Plastics
  • Aluminium
  • Carbon Steel
  • Galvanized Iron

Composite IBCs System Market by End Use:

  • Industrial Chemicals
  • Paints
  • Inks & Dyes
  • Food & Beverage
  • Building & Construction
  • Pharmaceuticals

Composite IBCs System Market by Technology:

  • Aseptic Technology
  • Non-Aseptic Technology

Composite IBCs System Market by Capacity:

  • 180-250 gallons
  • 250-300 gallons
  • 300-350 gallons
  • Above 350 gallons

Composite IBCs System Market by Region:

  • North America Composite IBCs System Market
  • Latin America Composite IBCs System Market
  • Western Europe Composite IBCs System Market
  • Eastern Europe Composite IBCs System Market
  • APEJ Composite IBCs System Market
  • Japan Composite IBCs System Market
  • Middle East & Africa Composite IBCs System Market

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Tea Packaging Market is predicted to grow at CAGR of 4.5% through 2032

The tea packaging market is estimated to develop at a 4.5% CAGR to reach $6,402.8 million by 2022. By 2032, the tea packaging industry is anticipated to be worth $9,967.4 million USD. The global food and beverage packaging market is expanding due to customer desire for simple packaging alternatives. In terms of both product and packaging, the tea packaging business is one of the most competitive and difficult markets.

How Competition Influences The Tea Packaging Market?

To increase sales of tea packaging, leading players in the tea packaging market are investing in promotional strategies. To gain a competitive advantage in the tea packaging market, they are launching lightweight and cost-effective products.

Recent Development:

  • Amcor Plc is working to improve its manufacturing processes in order to reduce its carbon footprint and develop environmentally friendly tea packaging.
  • WestRock Company intends to expand its paper-based product line in order to replace plastic packaging in e-commerce with a recyclable solution made from socially sourced renewable materials.

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Key Players

  • Fpc Flexible Packaging Corporation
  • Cascades Inc.
  • Hankuk Package Co Ltd.
  • Aero-pack Industries Inc.
  • Detmold Group
  • Oji Fibre Solutions Food Service Packaging
  • Bericap Sarl, Can-Pack SA
  • Hood Packaging Corporation
  • Hanil Can Co Ltd
  • Amcor Plc
  • DS Smith PLC
  • ProAmpac LLC
  • WestRock Company

What Are the Market Drivers for Tea Packaging?
“In emerging economies, there is a growing preference for biodegradable packaging options, as well as a growing consumption of organic teas,” says an FMI analyst.

In order to attract more customers, manufacturers are focusing more on product packaging in addition to tea production. Tea producers are seeking for environmentally friendly packaging materials in order to cut expenses related with recycling and logistics. Tea packaging that preserves the freshness and scent of the tea leaves has grown in popularity.

Because of its antioxidant benefits, tea has seen a surge in demand due to the rising incidence of cardiovascular diseases and other weight-related ailments, which is likely to drive demand for tea packaging over the forecast period.

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Tea Packaging: Market Dynamics 

Global tea packaging market is driven by the rise in the disposable income of individuals of the middle class population. Moreover, consumers are keen on buying packaged products from retail shopkeepers which is further driving the growth of the global tea packaging market. Demand for tea packaging intended for single use is a key factor fuelling the growth of the global tea packaging market.  

Rising concern among individuals about the health benefits of tea is driving both the tea as well as the tea packaging market. The fluctuating cost of raw materials used for tea packaging is a restraining factor for the global tea packaging market.  Also, the more innovative the packaging gets, it adds up to the cost of the product making it priced higher than usual which is an inhibitory factor for the global tea packaging market. Packaging type which is recyclable and reusable in nature is a key trend prevailing in the global tea packaging market. 

Tea Packaging Market: Regional Outlook 

On the basis of geography, the global tea packaging market is segmented into Asia Pacific, North America, Middle East & Africa, Latin America, and Europe. Currently, the Asia Pacific region leads the global tea packaging market owing to its large population base as well as the significant quantity exports from countries like India and Sri Lanka all over the globe. The increasing disposable income and the economic growth of these countries is also expected to drive the growth of this market over the forecast period.   

Rapid urbanization and increasing preference for lifestyle products are also fuelling the tea packaging market in Asia Pacific region. North America is expected to witness steady growth owing to an increasing demand for ready to drink tea by consumers. Innovative tea packaging is also likely to boost the tea packaging market in North America.

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Tea Packaging Market Segmentation

By Materials Type:

  • Tea Bags
  • Pouches
  • Tea Pots

By Packaging Type:

  • Flexible Tea Packaging
  • Rigid Tea Packaging

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa
  • 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.

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Butchers Paper Market forecasted to registering 4.5% CAGR during the forecast period 2022-2032

The market for butcher’s paper is anticipated to be worth US$ 251.4 million in 2022 and to increase at a CAGR of 4.5% from 2022 to 2032 to reach US$ 390.3 million. The need for butchers’ paper is increasing as it is increasingly used in hotels, restaurants, cafes, and other commercial settings. In the upcoming years, it is anticipated that the butchers paper industry would expand significantly, generating an absolute dollar opportunity of US$138.9 Mn by 2032.

The bleached segment is anticipated to dominate the worldwide butchers paper market during the forecast period based on material. This is due to the improved strength and quality of bleached butchers paper.

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Competitive Landscape

The key players operating in the butchers’ paper market are trying to focus on increasing their sales and revenues by adopting different strategies such as new product launches, partnerships, mergers, acquisitions, and collaborations, etc. Some players are also upgrading their production facilities to cater to the rising end user demand. Some of the recent key developments in the market by the leading players are as follows –

  • In March 2022,WestRock Company, a global manufacturer of paper and packaging solutions expanded its consumer packaging capability in Claremont with 2,85,000 square foot expansion.
  • In 2021, Reynolds Kitchens announced the nationwide launch of new Reynolds Kitchens Pink Butcher paper with slide cutter.
  • In February 2022,Novolexannounced that the majority of the stake of the company would be acquired by the Apollo Funds. Novolex provides customers with packaging innovation and sustainability. This would help Novolex in accelerating its growth as Apollo offers a high amount of resources and has significant expertise in the field packaging industry.

Key Companies Profiled

  • WestRock CP LLC
  • Georgia-Pacific LLC.
  • Danco Converting
  • Delta Paper
  • Oren International
  • Fulton International Idustry Limited
  • Reynolds Consumer Products
  • Novolex
  • COPAMEX
  • Papertec, Inc.
  • Shamrock Paper Company
  • ALFINCART Ltd

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What are the Key Trends Driving the Global Butchers Paper Market Revenue?
“Growth in the Butchers Paper Market Driven by Growing Environmental Concerns for Eco-Friendly and Sustainable Packaging”The growing consumer awareness of the negative environmental effects of plastic packaging is emerging as a crucial element driving demand for sustainable and eco-friendly butcher paper.

Butchers paper has evolved into an ideal packaging alternative for consumers who choose not to use non-recyclable packaging. Because it is composed of paper, this form of packaging material is easily recyclable, and it is used by brands to demonstrate their commitment to environmental sustainability.

2015-2021 Global Butchers Paper Market Outlook Compared to 2022-2032 Forecast

The global butchers paper market witnessed a CAGR of 3.2% during the historic period with a market value of US$ 242.9 Mn in 2021. However, with widening application of butchers’ paper across various sectors, the overall market size is expected to grow at 4.5% CAGR through 2032.

Butchers paper is a type of paper primarily used for the purpose of wrapping meat and fish to protect them against airborne contaminants and flavor contamination. It is generally made from bleached and unbleached materials and finds application across various industries.

Over the years, rising need for keeping the juicy food products safe from being leaked has increased the usage of butchers’ paper and the trend is likely to continue during the assessment period. Butchers paper is being increasingly used during smoking of meat as it doesn’t trap moisture.

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Butchers Paper Market by Category

By Material:

  • Bleached
  • Unbleached

By Weight:

  • 35 to 65 GSM
  • 66 to 95 GSM
  • 96 to 105 GSM
  • 105 to 120 GSM

By End Users:

  • Hotels & Restaurants
  • Cafes & Kiosks
  • Canteens
  • QSR

By Region:

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

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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Liquid Packaging Board Market is expected to reach US$ 13,021.0 Million in 2032

Demand for liquid packaging boards is expected to be worth US$ 9,230.8 million in 2022 and US$ 13,021.0 million from 2022 to 2032, growing at a CAGR of 3.5%. Growth is attributable to the acceleration of nano-food packaging technologies. There has been a steady increase in demand for dairy, juices, and dilutable drinks, according to recent trends in the global food and beverage business.

This is one of the main drivers of the need for liquid packaging globally. Liquid packaging paperboard (LPB), also known as liquid paperboard, is frequently used as a raw material for liquid packaging.

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Market Competition

Some of the key participants present in the global Liquid Packaging Board market include

  • Evergreen Packaging LLC,
  • BillerudKorsnäs,
  • Clearwater Paper Corporation,
  • ELOPAK, International Paper,
  • Mondi,
  • Visy,
  • Smurfit Kappa,
  • BOBST,
  • Stora Enso,
  • Gapack,
  • Klabin S.A.,
  • Mayr-Melnhof Karton AG,
  • NIPPON PAPER INDUSTRIES CO., LTD.,
  • Prom-Pack LLC,
  • Weyerhaeuser Company,
  • Roxcel Trading GmbH and
  • SIG Combibloc Group Ltd. among others.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Evergreen Packaging LLC, BillerudKorsnäs, Clearwater Paper Corporation, ELOPAK, and International Paper account for a considerable market size, several regional level players are also operating across key growth regions, particularly in North America.

Recent Development

  • In February 2021, Tetra Pak had announced the introduction of certified recycled polymers, becoming the first company in the food and beverage packaging industry to be awarded the Roundtable on Sustainable Biomaterials (RSB) Advanced Products certification.
  • In June 2020, Nippon Paper Industries Co. Ltdhad developed a straw-less paper pack for school milk, NP-PAK mini–School POP which released in September 2020
  • In 2019, Smurfit Kappa Company launched new corrugated board range named as TopClip for beverages in the market. The new TopClip features two die-cut holes so it can be handled easily in store. The product is specially designed to replace single use plastic for bundling canned and bottled beverages. It is plastic-free and 100% recyclable, renewable, and biodegradable.

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Liquid Packaging Board: Market Dynamics 

Global population is rapidly growing in Asia Pacific (APAC) and Africa regions. The targeted consumer population is gaining its share. In APAC the population growth is largely driven by Asia’s economic powerhouses India and China. In Africa the population below age of 25years is approx. 25%, this is estimated to reach 45% by 2050. 

Diary segments leads the highest demand compared to juices and dilutable drinks. Diary is the fastest growing segment and essential source of nutrients for all age people. These above mentioned facts or trends changing the dynamics of liquid packaging boards market. 

Changing lifestyle in APEJ & Africa regions poses the need for reliable, easy to carry, preserved shelf life and fresh packaged drinks. This is another factor driving demand for liquid packaging boards. In emerging markets, rising purchasing power is influencing the liquid packaging boards demand growth. 

Liquid packaging boards manufacturing cost is less compared to metal, plastic and glass cans for packaging. These are flexible and recyclable. The recyclability of these boards helps to bring down the raw material cost and thereby overall manufacturing cost. 

There are liquid packaging boards which are approved by FDA for food contact. These boards after converting into cartons provide attractive features like leak-proof, protection from light and contaminations and easily disposable. Liquid packaging boards are best suitable for modified atmospheric packaging (MAP), which is very much necessary in global packaged drinks segment. Flexible spout pouches and plastic bottles are a threat for the growth of liquid packaging boards market.

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Key Segments Profiled in the Liquid Packaging Board Industry Survey

Liquid Packaging Board Market By Packaging Type:

  • Flexible Liquid Packaging Board
    • Sachets
    • Films
    • Pouches
  • Rigid Liquid Packaging Board
    • Bottles
    • Paperboard
    • Drums
    • Cans
    • Containers

Liquid Packaging Board Market By Raw Material:

  • Paper
  • Plastics
    • PP
    • PET
    • PE
  • Glass
  • Metal

Liquid Packaging Board Market By Technique:

  • Modified Atmosphere Packaging
  • Aseptic Packaging
  • Intelligent Packaging
  • Vacuum Packaging

Liquid Packaging Board Market By End-Use:

  • Personal Care
  • Food & Beverage
  • Chemicals
  • Pharmaceuticals
  • Petrochemicals
  • Household Care

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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Kraft Packaging Market Size, Share, Forecast and Trends | FMI

The market for kraft packaging was estimated to be worth about $35.4 billion. Sales of Kraft packaging are anticipated to grow at a strong CAGR of 5.1%, reaching US$ 60.6 Bn by 2032. According to estimates, the worldwide kraft packaging market will account for 4% of the $914 billion global packaging market in 2022.

According to an estimate by FMI, the boxes packaging type in the kraft packaging market generated US$ 7.3 Bn in revenue in 2021. Because it is strong, resilient, recyclable, non-toxic, and visually beautiful, bleached kraft paper is expected to increase in the worldwide kraft packaging market by a maximum of 900 basis points.

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What Is The Outlook For Demand For Kraft Packaging?
“Rising Brown Paper Packaging Popularity Will Support Growth”

The popularity of fast-food restaurants is rising. Because of their busy schedules, customers are ordering food from restaurants and ready-to-eat food consumption has increased.

Not all packaging is appropriate for storing food items because some of the materials contain chemicals that degrade the flavour and quality of the food. Given that it doesn’t contain any dangerous chemicals, maintains food quality, and doesn’t alter the flavour of the food, kraft packaging is regarded as one of the best methods for storing food.

2015-2021 Kraft Packaging Market Historic Outlook Vs 2022-2032 Forecast

Demand for kraft packaging is forecast to increase at a 5.1% CAGR over the assessment period, in comparison to the 3.3% CAGR registered between 2015-2021.

Kraft packaging is conquering the market due to its numerous benefits such recyclability, cost effectiveness, easy to customize & print, easy to ship, high compatibility. It is used in various industries such as food & beverages, building & construction, cosmetic & personal care, and e-commerce.

In packaging, the essential function is to secure the products during delivery and to the moment it reaches the consumers. Kraft packaging has high tear strength, does not break under pressure and tension, and protect the product while transportation. In terms of function, application, environmental protection and fashion, kraft packaging performs exceptionally well.

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Competitive Landscape

Leading kraft packaging players use a variety of marketing techniques, including acquisitions, partnerships, and expansions. They are also focusing on new product launches to improve their global presence.

Some of the recent developments include:

  • In July 2021, ProAmpac acquired sustainable kraft packaging manufacturer APC paper. APC paper is committed to manufacturing 100% recycled product and ProAmpac also believe in sustainable packaging so it has acquired APC paper.
  • In January 2021, Mondi Plc has started making its new kraft paper machine known as Czech mill, it will produce 100% recyclable kraft paper for shopping bags by using recycled and fresh fibres without compromising on strength.

Global Kraft Packaging Market By Category

Product Type:

  • Bleached Kraft Paper
  • Unbleached Kraft Paper

Packaging Type:

  • Boxes
  • Bags
  • Pouches
  • Cartons
  • Clamshell
  • Wraps
  • Sacks
  • Others (Sachets, Mailers, Corrugated Sheet, etc.)

End Use:

  • Foods & Beverages
  • Pharmaceuticals
  • Building and Construction
  • Cosmetics & Personal Care
  • Electrical & Electronics
  • E-Commerce
  • Automotive
  • Textile
  • Agriculture

Region:

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

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About Future Market Insights, Inc.

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

Contact Us:

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Public Safety & Security Market is projected to grow at a robust CAGR of 9.4% between 2022 and 2032

The term public safety & security we layman are bound to perceive it as deployment of police patrolling, posting guards at the city hall and courthouse. In colloquial term public safety & security refers to the welfare and protection of the general public.

It is usually conceived and believed to be a government responsibility.

Most states and countries have departments for public safety & security. The primary goal of such department is prevention and protection of the public from dangers affecting safety such as crimes, revolt, political turmoil, natural and man -made catastrophic.

In most of the cases public safety & security division comprises of individuals from other organizations including police, emergency medical services, fire force etc.

But gradually the term public safety & security has evolved, apart from the conventional security and safety measures the term has widened and now with help of science and technology public safety & security includes state of the art technology, IT systems and software etc.

With rise in safety thwarting issues, people are moving towards adopting safety and security measures and considering this trend it can be anticipated that market will exhibit a healthy CAGR over the forecast period.

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Public safety & security Market: Drivers and Restraints

If we observe the recent commotion across globe from Aleppo to U.S. campus shootings, it is evident that public safety & security is a grim issue which need to be taken up with utmost issues. Public safety & security issues are not only limited to land even cybercrimes are on rise with leaps and bounds.

Social media monitoring, installation of thermal sensor cameras, deployment of cameras on traffic signals and in critical zones for live monitoring, up-gradation of security systems in banks and ATMs, installation of digital RFID door lock system are few of those equipment and technology through which public safety & security has been improved.

And constant innovations and research activities are on rise which can contribute towards public safety & security.

According to a recent article by Homeland Security of U.S. it is about to spend approximately around US$ 81 Bn by 2021 in public safety & security.

Aforementioned factors have equal potential to individually drive the public safety & security market.

Public safety & security is a responsibility which one can’t shed off and over the time it has multiplied in every aspect.

This sole reason substantiate the reason that there is least of any restraint for the growth of public safety & security market unless human being stop existing on this planet.

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Public safety & security Market: Regional Outlook

Geographically, the Public safety & security market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).

North America is the market leader in terms of value in the public safety & security market management owing to the strong economy and capability and consciousness to improve public safety & security.

Followed by Western Europe and Eastern Europe which has similar trend alike North America. In APEJ region countries like India, China are too not lagging in public safety & security market.

Initiatives and plans are being introduced and executed for improving public safety & security.

In MEA region, public safety & security has been growing constantly due to rise in spending in improving city life and understanding importance of public safety & security.

Latin America is in nascent stage in public safety & security market. But government has been introducing plans and adopting measures for public safety & security.

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Public safety & security: Key Players

The key players in the Public safety & security market are

  • Cisco
  • Motorola Solutions, Inc
  • Hexagon AB
  • Paessler AG
  • NORTHROP GRUMMAN CORPORATION

Public safety & security Market: Segmentation

The Public safety & security market is segmented as follows:

Public safety & security Market, by solution

  • Critical Communication Network
  • Biometric Security and Authentication System
  • Surveillance System
  • Scanning and Screening System
  • Emergency and Disaster Management
  • Cyber Security
  • Public Address and General Alarm
  • Backup and Recovery System

Public safety & security Market, by end user

  • Homeland Security
  • Emergency Services
  • Industrial
  • Others

Public safety & security Market, by services

  • Professional Services
  • Managed Services

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https://medium.com/@pinky97khalane/crowdsourced-testing-market-key-players-applications-outlook-swot-analysis-and-forecasts-d8a2c0e63061

https://network-759413.mn.co/posts/28888701

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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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PLL Clock Generator Market to be valued at US$ 11,182.7 Million from 2022 to 2032

Today clock generators have become the basic building blocks of all electronics. They have a wide variety of applications, ranging from a small memory chip to a supercomputer. Clock generators basically generate waveforms, which are required for working of any at a particular frequency, as required by the equipment.

In many applications, oscillators are used for the same, but a clock generator can generate a variety of frequencies, which cannot be generated using an oscillator. Basically, a clock generator has two components, namely resonators and crystals.

Apart from the umpteenth of uses of clock generators, PLL clock generators came into the market because of the additional advantages it carries like low noise and jitter. Basically, a PLL is a phase locked loop, which is used to remove the error which occurs in the frequency generated.

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It removes the error in the frequency by comparing the output with a reference signal and then generates an error signal, and the output signal gets corrected by error signal, by either decreasing or increasing it, and then the correct signal is locked which is then sent to the specified application, thus improving the accuracy of the generated frequency.

Global Market of PLL Clock Generator: Drivers and Restraint

With the increasingly stringent timing constraints required in high-performance systems extensively used in day to day applications today, the PLL clock generator is finding their applications in myriads of devices. This extensive use of PLL clock generator is expected to increase its demand in the market, witnessing a healthy CAGR in the forecast period.

Phase/delay compensation, frequency multiplication, duty cycle correction, decreased noise and jitter are some of the key benefits, offered by the PLL clock generator, which are not present in the simple clock generators. As the PLL clock generator is the basic building blocks of any systems, these benefits basically eliminate all the errors that can occur while frequency generation. This highly reduces the probability of errors in the overall system, may the PLL clock generator is deployed in any system.

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Factors such as high cost can be expected to make a negative impact on the market in short term, but as the benefits from PLL clock generator is ascertained, the overall impact will diminish in the long term. However, the paradigm shift in using basic clock generators to PLL clock generators, due to reduced jitter and noise, thereby increasing overall efficiency of the systems in which the PLL clock generators are deployed, is expected to continue propelling market for PLL clock generators during the forecast period

Asia Pacific continues to be the hotbed of the electronics market, thus propelling most of the demand for the PLL clock generators. Further, North America market led by the US is expected to remain second largest market for PLL clock generator, the trend expected to continue over the years, followed by Western Europe also expected to witness healthy CAGR

Global Market of PLL Clock Generator: Key Players

Cirrus Logic, Microsemi Corporation, ON Semiconductor, Maxim Integrated, Integrated Device Technology, Inc., and Texas Instruments Incorporated, are some of the key players in the PLL Clock Generator market.

Key development

Product launch

In August 2015, Texas Instruments launched LMK03328. The product has an edge over the other PLL clock generators because of an Ultra-Low Jitter Clock Generator and can generate multiple clocks for various multi-gigabit serial interfaces and digital devices which improves reliability and the ultra-low jitter reduces the bit error rate in high speed serial links

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Regional analysis for Global PLL Clock Generator Market includes

  • North America Market
    • US
    • Canada
  • Latin America Market
    • Argentina
    • Mexico
    • Brazil
    • Rest of Latin America
  • Western Europe Market
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • Benelux
    • Rest of Western Europe
  • Eastern Europe Market
    • Poland
    • Russia
    • Rest of Eastern Europe
  • Asia Pacific Market
    • Australia and New Zealand (A&NZ)
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan Market
  • Middle East and Africa Market
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

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.

Global Market of PLL Clock Generator: Segmentation

Segmentation of PLL Clock Generator on basis of Output frequency:

The PLL Clock Generator services can be segmented into:

  • Less than 200 MHz
  • 200-400 MHz
  • 400-600 MHz
  • 600-800 MHz

The major segments of output stage in this market include:

  • CMOS
  • CMOS, PECL
  • Clock
  • PECL
  • LVCMOS

Segmentation of PLL Clock Generator on basis of regions:

  • North America
  • Latin America
  • East Europe
  • West Europe
  • Asia-Pacific excluding Japan
  • Japan
  • Middle East & Africa.

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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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Contact Center Analytics Market projected to grow at a CAGR of over 16% from 2022 to 2032

The Contact Center Analytics revenues were estimated at US$ 1.2 Bn in 2021 and is anticipated to grow at a CAGR of 16.2% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 6.5 Bn.  

The market’s growth may be related to banks, financial institutions, credit unions, and other organizations’ growing need for contact centers to enhance their client experiences. Deloitte estimates that financial services accounted for a sizeable portion nearly 26% of all contact centers utilized globally in 2019. Reduced operational expenses and increased call center traffic are two advantages that contact center analytics provides to BFSI companies, both of which are significant market growth drivers. 

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Contact center analytics solutions are widely employed in the IT and telecom sectors due to their strong business process automation capabilities. These systems also give IT and telecom personnel the ability to manage all phases of a service request and deal with all incoming client communications. These solutions also offer a number of benefits, including improved client happiness, decreased operating expenses, and corporate intelligence. These technologies are also used by IT and telecom companies to identify the factors influencing the experiences of their clients. 

The market is anticipated to grow throughout the anticipated time frame due to the BFSI organizations’ increasing demand for speech analytics. By analyzing and tracking customer interactions, speech analytics assists banks in preventing customer attrition. Speech analytics is being employed by several banks to improve the client experience owing to their benefits. For instance, the speech analytics solution supplier CallMiner announced in November 2020 that African Bank had chosen the CallMiner Eureka platform to gather data from voice-based client engagements. The bank’s efforts to accelerate its digital transformation have benefited from this project. 

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Competitive Landscape 

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in Contact Center Analytics market are focused on alliances, technology collaborations, and product launch strategies. 

Some of the recent developments of key Contact Center Analytics providers are as follows:  

  • In January 2020, Microsoft announced its partnership with Genesys. After working together, the companies intended to launch Genesys Engage for Azure, a cloud service that would give contact centers a unified customer experience solution. Businesses will benefit from the new omnichannel customer experience solution by having a smoother shopping experience.
  • In October 2019, Cisco bought Cloud Cherry with success by utilizing the potential of cloud data analytics to enhance real-time client interaction.

Key Companies Covered

  • Oracle Corp
  • SAP SE
  • Verint Systems Inc
  • Mitel Networks Corp
  • Nice Ltd.
  • Genesys Telecommunications Laboratories, Inc.
  • Five9, Inc.
  • 8×8, Inc.
  • CallMiner
  • Servion Global Solutions
  • EdgeVerve Limited

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Contact Center Analytics Market Segmentation

By Solution:

  • Cross-channel Analytics
  • Performance Analytics
  • Predictive Analytics
  • Speech Analytics
  • Text Analytics

By Service:

  • Integration & Deployment
  • Support & Maintenance
  • Training & Consulting
  • Managed Services

By Deployment:

  • Hosted
  • On-premise

By Enterprise Size:

  • Large Enterprises
  • Small & Medium Enterprises

By Application:

  • Automatic Call Distributor
  • Customer Experience Management
  • Log Management
  • Real-time Monitoring & Reporting
  • Risk & Compliance Management
  • Workforce Optimization
  • Others

By End Use:

  • BFSI
  • Consumer Goods & Retail
  • Healthcare
  • IT & Telecom
  • Travel & Hospitality
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

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https://medium.com/@pinky97khalane/crowdsourced-testing-market-key-players-applications-outlook-swot-analysis-and-forecasts-d8a2c0e63061

https://network-759413.mn.co/posts/28888701

https://acatpg.mn.co/posts/28888709

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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Crystal Oscillator Market is likely to reach a valuation of nearly US$ 5.7 Bn by the end of 2032

The global Crystal Oscillator market was valued at US$ 3 Bn in 2021 and is expected to reach US$ 5.7 Bn by 2032 finds Future Market Insights (FMI) in a recent market survey. As per the findings, revenue through the temperature-compensated crystal oscillator (TCXOs) market grew at a CAGR of 2.8% during 2017 – 2021.

Temperature-compensated crystal oscillator (TCXOs) is generally preferred due to their temperature compensating circuitry required during various ranges of temperatures. Moreover, it provides features such as precision frequency, easy availability at a reasonable cost, and small space. Therefore, the demand for temperature-compensated crystal oscillators is fuelling in the market. 

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Japan to Emerge As a Lucrative Option in Crystal Oscillator Market. 

With the key crystal oscillator companies operating in Japan including Seiko Epson Corporation, Nihon Dempa Kogyo Co., Ltd., KYOCERA Crystal Device Corporation, and Daishinku Corp., crystal oscillator market is expected to be propelled in Japan with a growth rate of 4.9% over the forecast period. Various companies in Japan are forming for the distribution of crystal oscillators in the Japanese Market. This signifies that Japan as the potential to emerge as a leader in the crystal oscillator market and be valued at a US$ 331.2 Mn by 2032.  

Crystal oscillator manufacturers are engaging in expanding their product line up which requires miniaturization and high frequency to meet the industry demands. From automotive to deep space atomic clock, crystal oscillators have provided the required stability and precision required by a myriad of industry segments.” comments an analyst at Future Market Insights. 

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Crystal Oscillator Market: Competition Insights 

Key providers in the crystal oscillator market are largely focussing on enhancing the quality of quartz devices in automotive applications in order to respond to the advancing need for miniaturization and meet customer needs for an expansive product portfolio.  

The key companies operating in the crystal oscillator market include Seiko Epson Corporation, Nihon Dempa Kogyo Co. Ltd., TXC Corporation, Kyocera Crystal Device Corporation, Daishinku Corp., Microchip Technology Inc., Murata Manufacturing Co. Ltd., Hosonic Electronic Co. Ltd., SiTime Corporation, SiWard Crystal Technology Co. Ltd., Rakon Ltd., River Eletec Corp., Mercury Electronic Ind. Co. Ltd., Fox Electronics, Greenray Industries Inc., MTI-Milliren Technologies Inc., QVS Tech Inc., Nippon Crystal Inc. Bliley Technologies Inc., Ecliptek LLC, Vishay Intertechnology Inc., and Vectron. 

Some of the recent developments by key providers of Crystal Oscillator are as follows: 

  • In May 2022, Seiko Espon Corporation started shipping samples of its new addition to crystal oscillators, SPXOs with CMOS output, primarily meant for automotive applications. The product has high stability and measures 2.0 mm x 1.6 mm x 0.6 mm. The new crystal oscillator supports output frequencies up to 170 MHz and has 50% better frequency tolerance for automotive applications.  
  • In April 2020, Nihon Dempa Kogya Co., initiated the mass production of 3225-size differential output crystal oscillators for the purpose of safety in the automotive industry. The company recognized the need for installing standardized equipment and sensing devices to improve safety. The new oscillator could be used as a reference clock source for high-speed transmission and has a long track record in the automotive market.  
  • In April 2020, Bliley introduced the Oscillator eCommerce oscillator store. The new online store for crystal oscillators is meant to change the frequency control industry. The online store will also be able to reduce prices, manage time and streamline the purchasing process of crystal oscillators.  
  • In January 2020, Epson and Rhode & Schwarz, partners, collaborated to create a specific test regimen to measure power supply noise rejection for designing hack tools that may boost clarity and precision in real-world signal integrity design issues. 
  • In March 2019, Kyocera released the smallest quartz crystal considered for smartphones, wearables, and other personal electrical devices. The Quartz Crystal Thermo-Optical Unit weighs only 1.0 x 0.8 mm and has the same electrical properties as Kyocera’s conventional CX1210 model, so it was chosen for use in circuit board revision. 

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More Insights Available 

Future Market Insights, in its new offering, presents an unbiased analysis of the Crystal Oscillator Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032. 

The study reveals extensive growth in Crystal Oscillator Market by Mounting Scheme (Surface Mount and Through-hole), by Crystal Cut (AT Cut, BT Cut, SC Cut, and Others), by General Circuitry (Simple Packaged Crystal Oscillator, Temperature-Compensated Crystal Oscillator, Voltage-Controlled Crystal Oscillator, Frequency-Controlled Crystal Oscillator, Oven-Controlled Crystal Oscillator, and Others), and by Application (Telecom & Networking, Consumer Electronics, Military & Aerospace, Research & Measurement, Industrial, Automotive and Medical), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa). 

Key Segments Covered in Crystal Oscillator Industry Survey

Crystal Oscillator Market by Mounting Scheme:

  • Surface Mount
  • Through-Hole

Crystal Oscillator Market by Crystal Cut:

  • AT Cut
  • BT Cut
  • SC Cut
  • Others

Crystal Oscillator Market by General Circuitry:

  • Simple Packaged Crystal Oscillator (SPXO)
  • Temperature-Compensated Crystal Oscillator (TCXO)
  • Voltage-Controlled Crystal Oscillator (VCXO)
  • Frequency-Controlled Crystal Oscillator (FCXO)
  • Oven-Controlled Crystal Oscillator (OCXO)
  • Others

Crystal Oscillator Market by Application:

  • Telecom & Networking
  • Consumer Electronics
  • Military & Aerospace
  • Research & Measurement
  • Industrial
  • Automotive
  • Medical

Crystal Oscillator Market by Region:

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

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https://faceblox.mn.co/posts/28888735

https://globalsocials.mn.co/posts/28888744

https://drujrake.mn.co/posts/28888752

https://network-759413.mn.co/posts/28888765

https://faceblox.mn.co/posts/28888772

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.

Contact Us:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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