Tamper Evident Labels Market reached a valuation of US$ 19,124.6 Mn in 2022

The global tamper evident labels market is worth US$ 19.12 Bn as of now and expected to be worth US$ 34.25 Bn by the year 2032 at a CAGR of 6% between 2022 and 2032.

Tamper evident labels/seals do have features helping in indication of any symptoms related to maltreatment as product happens to move through the entire food chain. The customers are also showing an increase in awareness regarding need for buying high-quality products that give priority to quality of ingredients.

The demand for the tamper evident labels is growing exorbitantly in the electronics industry for facilitating packaging of washing machines, televisions, and refrigerators. Herein, silver void labels are used, which come across as double-layered stickers with word void on the inside and metallic appearance on the outside on removal of outer layer.

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Adopting tamper labels with their usage in food containers are expected to induce a higher degree of consumers’ confidence in food quality, along with prevention of spillage and contamination of food while carrying it to the stores for sales. With unlawful tampering being a strict “no-no” in the pharmaceutical sector, the application of tamper evident labels over here is imperative.

Also, additional attention is being paid on prevention of pilferage. The ever-changing product labelling policies in automotive and pharmaceutical sector are also expected to have a positive effect on tamper evident labels market. For instance – the EU FMD (Falsified Medicines Directive) legislation asks for pharmaceutical companies to allot a UID (unique identification number) for every pack, so as to provide authenticity to the individual products, apart from seals averting tampering.

The food & energy vertical is expected to witness an exponential demand for tamper evident labels, so that quality and freshness could be maintained. Restaurants are also expected to keep the cash registers ringing for tamper evident packaging as there is a burgeoning need for no-contact delivery services. Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Tamper Evident Labels Market’.
Key Takeaways from Tamper Evident Labels Market

  • Europe leads the tamper evident labels market. It, in fact, holds 28% of the market share. This could be credited to end-consumers increasingly preferring budget and quality items. RFID technology is also undergoing technological advancements, which is helping in rendering mass production of tamper-proof labels.
  • North America holds 23% of the market share due to the US and Canada preferring tamper evident labels to ascertain safety and convenience of the highest level to the consumers.
  • The Asia-Pacific is expected to grow at the fastest pace in the tamper evident labels market. This could be reasoned with the countries like China and India witnessing an increasing awareness by consumers regarding product labelling and safe packaging.

“The market participants are emphasizing on enhancement in standard of the tamper evident labels with the objective of making it difficult to peel off or remove them without any visible damage”, says an analyst from tamper evident labels market.

Competitive Landscape

  • Innovative Cap-Lock solution from Schreiner MediPharm does combine cap adaptor along with a label for hermetically sealing prefilled syringes, that too, with proper indication of first opening.
  • HENE LIFE makes provisions for premium health-oriented products that are organically sourced.
  • April 2022 witnessed introduction of VPF 100328, a new checkerboard sticky paper material for making tamper evident labels, that too, with forgery-proof results at par with film technologies.
  • NXP Semiconductors, in May 2022, unleashed a new-fangled family comprising NFC (Near Field Communication) ICs (integrated circuits), thereby integrating condition-monitoring and tamper-detection features on single chip.
  • Tamper evident films from Dunmore come across as selective-release constructions abreast with sub-surface or surface destruct layers. Label facestock material is being made available in several colors, inclusive of metalized finishes.
  • Adampak’s optical watermarks are capable of protecting the brand and preventing forgery.

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What does the Report Cover?

  • Future Market Insights offers an exclusive perspective and various real-time insights on the tamper evident labels market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.

The research study is based on material type (PET and paper), by technology (RFID, NFC tags, and sensing labels), and by end-use (food, beverages, alcoholic, non-alcoholic, cosmetic & personal care, liquor, pharmaceuticals, and likewise (electronics, chemicals, and similar).

Key Market Segments in the Tamper Evident Labels Market

By Material Type:

  • PET
  • Paper

By Technology:

  • RFID
  • NFC tags
  • Sensing labels

By End Use:

  • Food
  • Beverages
  • Alcoholic
  • Non-alcoholic
  • Cosmetic & Personal care
  • Liquor
  • Pharmaceuticals
  • Others (electronics, chemicals etc.)

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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.

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North America is expected to be the fastest growing market for Kraft paper during the forecast period 2022 – 2032

The market for kraft paper is anticipated to be worth US$ 15,941.3 million in 2022 and US$ 19,821.4 million in 2032. During the projection period of 2022–2032, the market is anticipated to grow at a CAGR of 2.2%.

Due to the use of plastic and other non-biodegradable items, as well as their preference for paper-based packaging, consumers are becoming more and more aware of the negative effects that packaging solutions have on the environment. The preferences of consumers are changing in favour of ecologically friendly goods.

Kraft paper is one such product which is used for packaging nowadays, as they do not draw any negative impact on environment. Kraft papers are produced using kraft process. Various fibres can be used in the kraft process. These papers are relatively coarse and have high tensile strength. Kraft papers are available in various textures and colors. Kraft papers are used in various industries such as food, bakery, and others, for packaging purpose. 

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Kraft papers are used for producing carryout bags, grocery and shopping bags, butcher wrap, multiwall shipping sacks, and gift wrappers. Kraft papers are available in a variety of types, such as bleached, unbleached, sack, and specialty kraft papers. Due to high sulfur ratio and less lignin content, kraft papers are stronger than any other paper used for packaging purposes. The outlook for the global kraft papers market is anticipated to be positive over the forecast period due to aforementioned reasons. 

Global kraft papers market: Dynamics 

Paper based packaging has gained prominence in recent years, with the emergence of modern packaging ideas where shelf life, visual appeal and brand identity occupy premiere state. Kraft paper packaging products provide all these advantages. The main advantage of kraft paper is that it can be produced using wider range of fibres. Variety of woods can be used for the kraft process. This factor is expected to facilitate growth of the global kraft papers market, over the next decade. 

Also, kraft papers are eco-friendly, provide excellent product packaging, are easy to stack and above all, they are easy to dispose of. These factors are expected to boost the global kraft papers market over the forecast period. With increasing focus on green packaging and consumer awareness, the kraft papers are gaining ground, with growing applications in the packaging industry. 

Various industries including food & beverage, electronics, cosmetics, personal care, textile and others kraft papers as packaging products. This is expected to drive the global kraft papers market over the next ten years. Kraft papers are recyclable and can be used further. Kraft papers provides lightweight packaging, and are easy to transport. 

These factors are anticipated to drive the global kraft papers market over the forecast period. Kraft papers are primarily used for the production of corrugated and cardboard boxes, which are widely used packaging products. It is expected to drive the global kraft papers market growth, over the forecast period. The factors which might hamper the growth of global kraft papers market are hike in price of kraft paper, and ongoing efforts to tackle deforestation. 

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Global kraft papers market: Regional Outlook 

  • North America 
  • Western Europe 
  • Asia-pacific except Japan (APEJ) 
  • Eastern Europe 
  • Latin America 
  • Middle-east and Africa (MEA) 
  • Japan 

The North America and Western Europe regions are expected to witness average growth as the markets already reached a saturation level. The APEJ and Middle East & Africa regions are expected to drive the global kraft papers market over the forecast period due to growth in industrial activities in the regions, especially in China and India are expected to offer lucrative opportunity. 

Latin America and Eastern Europe regions are expected to register moderate growth in global kraft papers market due to growing food industry in the region. Japan already has the highest rate of recycling of paper products in the world. Therefore, Japan is expected to register sluggish growth in its kraft papers market.

Market Competition

Key players in the kraft paper market include WestRock Company, Mondi Group Plc., Canfor Corporation, Natron-Hayat d.o.o., International Paper Company, and DS Smith Plc.

  • Mondi Group Plc. operates along the value chain, from wood to pulp and paper production, including raw materials such as the wood yard, the pulping process, and the pulp mill’s chemical cycle. It sells products and services through two business divisions: Specialty Kraft Paper and Sack Kraft Paper. Unbleached Kraft Paper, Bleached Kraft Paper, White Paper, and Pulp are all available from the company. Due to its symmetrical stretch qualities, Mondi created a specialist kraft paper grade, advantage formable brown, which is used in numerous food packaging applications such as packing fish and meat. It is employed in the packaging sector because of its multilayered and thermoformable properties.

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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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Built-In Large Cooking Appliances Market is Estimated to Grow at a 5.9% CAGR by 2032 | FMI

The global built-in large cooking appliances market is poised to reach a valuation of US$ 11.6 Bn  2022. Sales are projected to increase at a 5.9% CAGR, with the market size reaching US$ 20.6 Bn by 2032.

Technological advancements, such as the introduction of smart kitchen equipment that can be controlled remotely, are expected to drive the market. As people become increasingly health-conscious, the demand for such equipment for sanitary, oil-free, and healthy cooking experience will increase.

Consumers are becoming more conscious regarding rising levels of energy consumed by kitchen appliances every day. This is compelling individuals to opt for Energy-Star rated appliances. Kitchen gadgets that are designed to conserve energy while making cooking more efficient are gaining popularity.

Smart home technology is encouraging consumers to adopt modern appliances. Connectivity and voice assistants have allowed for the development and popularity of cookware with touchscreens, cameras, and Wi-Fi connections. Remote operation and monitoring can be done through smartphones for various smart home devices.

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Key Takeaways:

  • Based on product type, demand for built-in cooktops is expected to gain momentum in the forthcoming years.
  • In terms of end use, sales in the commercial segment will remain high through 2032.
  • By sales channel, the online segment will account for a dominant share in the market over the forecast period.
  • The U.S. will continue dominating the North America built-in large cooking appliances market owing to high adoption of smart kitchen equipment.
  • China is expected to emerge as a lucrative pocket in the East Asia market due to surging demand for compact kitchen products.
  • India will account for a dominant share in the South Asia built-in large cooking appliances market owing to growing demand for energy-efficient kitchen equipment.

Competitive Landscape

Leading players operating in the market are investing in research and development to launch energy-efficient kitchen appliances to improve sales.

Key players in the built-in large cooking appliances market are Samsung Electronics Co. Ltd., Morphy Richards, LG Electronics Inc., Whirlpool Corporation, Hitachi Appliances Inc., Koninklijke Philips N.V., AB Electrolux, Haier Group Corporation, GE Appliances, and Robert Bosch GmbH.

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Built-In Large Cooking Appliances Market By Category

Product Type:

  • Built-in Cooktops
  • Built-in Ovens
  • Others

By Application:

  • Commercial
  • Residential

By Sales Channel:

  • Wholesalers/Distributors
  • Multi-Brand Stores
  • Specialty Stores
  • Hypermarket/Supermarkets
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The 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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Gym Bags Market is expected to secure US$ 1,897.9 million in 2022

The market for gym bags is anticipated to generate US$ 1,897,9 million in 2022 and US$ 2,567,9 million by 2032. A 3.1% CAGR is anticipated for the market during the forecast period.

The market share of gym backpacks has grown recently due to millennials’ growing emphasis on health and fitness. Due to their bigger size and ability to carry numerous items, duffel bags are also becoming increasingly popular with consumers.

Additionally, rising brand recognition and consumer demand for fitness and health products are anticipated to have a beneficial impact on market expansion throughout the course of the forecast period.

Changing consumer preferences towards healthy lifestyles has significantly increased the demand for fitness related products. The inclination of a large number of people towards fitness is primarily driving the gym bags market. Gym bags are the essential accessories for every athlete in the fitness industry to carry their daily need sportswear and nutrition inside it. 

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It has also emerged as the fashion accessory for most of the youngsters in the fitness industry. Gym bags are generally made up of the polyester material and possesses good strength to sustain for a long period of time. The global gym bags market is expected to witness a healthy CAGR during the forecast period. 

Global Gym Bags: Market Dynamics 

The growth of the global gym bags market is expected to be driven by an increasing inclination of a large population base towards health and fitness. Increasing disposable income of middle class population in key economies is further expected to spur the demand of the gym bags market. Gym enthusiasts all over the globe spend a good amount on their gym accessories which further propels the demand of the global gym bags market. 

There is strong competition among the manufacturers for maintaining their presence in the market due to the presence of a large number of local players. So, in order to stay competitive, the manufacturers are also focusing on technological advancements to gain consumer traction. 

One such example of technological advancement is the advent of an anti-theft bag which is gaining enormous popularity among the younger generation all over the globe. 

Personalization of gym bags according to the needs of the consumers is a key trend prevailing in the global gym bags market. Incorporation of various features such as a different ventilated section for used garments and products is also expected to bring in new market avenues of growth for the global gym bags market. 

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Global Gym Bags Market: Regional Outlook 

On the basis of geography, the global gym bags market is segmented into North America, Asia Pacific, Middle East & Africa, Europe, and Latin America. North America gym bags market is expected to lead the global market due to a more health conscious population as compared to other regions. 

Moreover, according to various independent studies, Americans are becoming more concerned towards health and wellness which is further expected to propel the demand of the gym bags market. Asia Pacific is expected to expand with the highest CAGR due to increasing disposable income and an increased spending by consumers on their lifestyle. India and China are the major economies driving the growth of the Asia Pacific gym bags market. 

Middle East & Africa along with Latin America are expected to hold a small market share in the global gym bags market due to a comparatively small population base as well as low penetration of the health and wellness related products in the regions.

Competitive Landscape:

How Key are Players Focusing to Uplift the Gym Bags Market?

Key players are the prominent driver of the gym bags market by acquiring higher revenue as compared to historic market revenue during the forecast period. They are uplifting the market share by using several marketing tactics. Some of the strategies are partnerships, collaborations and acquisitions.

Recent Developments in the Gym Bags Market

In August 2021, Adidas announced that it had entered into a definitive agreement to sell Reebok to Authentic Brands Group (ABG) for a total consideration of up to US$ 2.135 trillion, with a majority to be paid in cash at the closing of the transaction, and the remainder comprised of deferred and contingent consideration.

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Key players in the global gym bags market include

  • Nike, Inc.
  • JensenLee
  • Everlast Worldwide, Inc.
  • Chateau Manufacturing
  • Harrisons
  • ToteBagFactory
  • Herschel Supply Co. USA
  • Adidas AG

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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Jewellery Box Market to Surpass US$ 249.2 Mn by 2032 Amid Growing Preference for Premium Quality Jewellery Products

The jewellery box is a packaging solution made from different materials based on the requirement such as wood, leather, paper, metal, glass, and plastic to protect the jewellery during storage & transportation.  

 The jewellery box not only protects the product from loss but also ensures that the jewellery pieces do not get damaged due to rough handling. Increasing trend of purchasing jewellery on special occasions among the customer is expected to propel the demand for the jewellery box.  

The jewellery presented in the jewellery box on the display helps in gaining the attraction of the customer. The jewellery box can be customized which is gaining immense popularity among the jewellery manufacturers. The jewellery box can be used for different jewellery products such as necklace, ring & earrings, bracelet, watch, and others. 

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Moreover, the jewellery is a premium product the attractive and protective packaging box becomes the best suitable packaging option for the jewellery products. The jewellery box also offers the customer the experience of unboxing the product which is majorly trending among the customers due to social media influence. Overall, the jewellery box market is anticipated to expand during the forecast period at a faster pace with the expanding jewellery sector. 

Key Takeaways from Jewellery Box Market 

  • Based on the material, the paper segment is estimated to hold around 57% of the market value share by the end of 2022. 
  • The ring & earrings segment is projected to expand 1.6x the current market value during 2022-32. 
  • By distribution channel, the retail store is projected to create an incremental opportunity of US$ 32.2 Mn during the forecast period. 
  • North America and East Asia are estimated to account for 55% of the total sales in jewellery box market in 2022. 
  • India is expected to be the most lucrative jewellery market in South Asia owing to the growing preference for premium jewellery items 

“Rising preference for eye-catching & protective packaging solutions in the luxury product industry including jewellery will augment the sales of the jewellery box.”– says FMI analyst 

Surging Trend for the Protective & Appealing Packaging Solution Bolster the Demand for the Jewellery Box 

The packaging of luxurious products such as jewellery, perfumes, and others is the major concern among the seller. The luxury product needed to be packed in protective as well as attractive packaging solutions such as a box. As the customers are willing to pay more for the stylish box as it offers a customer experience while unboxing the product. Also, it is best suitable for showcasing the product to anyone. The jewellery box protects the product from any damage. The jewellery box can be customized as per the size and requirement which gains attraction among the jewellery manufacturers and sellers. This helps in creating the brand image in the mind of customers. Overall, the jewellery box offering protection to the product along with increasing customer experience bolster the demand for the same during the forecast period. 

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Jewellery Box Market Landscape 

  • Dahlinger GmbH and Co KG,
  • Potters Limited,
  • Holmen AB ADR,
  • McLaren Packaging Ltd.,
  • Taylor Box Company, and
  • Thomas Sabo GmbH,
  • Company KG

are the key players operating in the jewellery box market. Some the noticeable players in the jewellery box market include

  • Westpack,
  • Gunther mele limited,
  • tockpak,
  • Finer Packaging,
  • Wellery Boxes,
  • Sacher & Co. GmbH,
  • American Chest Company,

and others. The key players in the tier 1 holds around 10-15% of the global jewellery box market. 

Jewellery Box Market by Category

By Material:

  • Wood
  • Leather
  • Paper
  • Metal
  • Glass
  • Plastic

By Distribution Channel:

  • Offline
    • Hypermarket & Supermarket
    • Retail Store
    • Convenient Store
    • Other Offline Store
  • Online

By Application:

  • Necklace
  • Bracelet
  • Ring & Earring
  • Watches
  • Other Applications (Anklets, Nose Pin, etc.)

By 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.

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Advanced Composites Market is projected to have a CAGR of 9.2% through 2032

The advanced composites market is predicted to grow at a healthy CAGR of 9.2% from 2022 to 2032. The market is anticipated to increase from US$37.73 billion in 2021 to US$108.48 billion by 2032, according to FMI.

The market for advanced composites is expected to expand as a result of rising demand from the sports goods, aerospace, and military industries.

Major growth factors for the worldwide advanced composites market include the need for carbon fibre and s-glass fibre composites in the aerospace and defence sector as well as rising demand for carbon fibre composites in new end-use industries including civil engineering, medicine, and pipelines and tanks.

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Advanced composites materials or advanced polymer matrix composites are lightweight materials with high strength and modulus to elasticity. These products are manufactured using fibrous material embedded in different resin matrices. Hence, the use of advanced composites is significantly growing in the aerospace & defense, marine, sporting goods, transportation, electrical & electronics, civil engineering, pipes & tanks, medical, and wind energy industries.

The advanced composites market is growing at a significant pace owing to driving factors such as rising demand for carbon fiber and S-glass fiber composites in the aerospace & defense industry and a surge in need for carbon fiber composites in end-use industries such as civil engineering, medical, and pipes & tanks. Further, industrialization in emerging markets such as China, India, and Japan and the rising demand for environmentally safe specialty products in the construction sector are driving the demand for advanced composites. However, the high cost of advanced composites and the availability of its substitute are hampering the growth of the market.

What Drives The Advanced Composites Market Growth?

Demand for advanced composites is likely to be high, since they are being used more and more in aerospace and defense equipment, which benefits from their increased performance by reducing the weight of the equipment.

The advanced composites market is anticipated to benefit from the rising demand for these materials in the production of turbines. Globally expanding wind turbine installations are probably going to help fuel the market expansion.

Demand for advanced composites is surging due to the industry’s use of sophisticated composites made of carbon and glass. A cost-benefit resulting from the integration of the manufacturing and distribution channels leads to market size growth.

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What Is The Competitive Outlook Of The Advanced Composites Market?

Due to the presence of numerous reputable manufacturers and suppliers, the advanced composites market is very competitive. Major advanced composites market participants concentrate on providing clients with customized solutions, which results in a high switching cost for the consumer businesses.

Recent Developments:

  • Toray Advanced Composites reports that it has finished a long-term supply arrangement with Joby Aviation for the composite material used in its aircraft in December 2020. Toray’s carbon fiber composite materials will be used by a California-based aircraft manufacturer to develop quick, inexpensive, and emissions-free aerial ridesharing for global communities.
  • Impossible Objects and Owens Corning signed a joint development agreement in May 2021 to work on developing new materials for Impossible Objects’ composite-based additive manufacturing (CBAM) technology.

Key Players

  • Toray Industries, Inc.
  • Koninklijke Ten Cate NV
  • Teijin Limited
  • Hexcel Corporation
  • SGL Group
  • Cytec Solvay Group
  • Owens Corning
  • E. I. Dupont De Nemours and Company
  • Huntsman Corporation
  • Momentive Performance Materials Inc.
  • WS Atkins plc

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Key segments

By Product:

  • Aramid
  • Carbon
  • Glass

By Application:

  • Aerospace & Defense
  • Automotive
  • Construction
  • Sporting Goods
  • Wind Energy

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

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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T: +1-845-579-5705
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Commercial Paper Bags Market is anticipated to exceed US$ 11.2 Billion in 2032

The global commercial paper bags market size is likely to reach US$ 11.2 Billion in 2032 and exhibit growth at a CAGR of 7.5% in the forecast period from 2022 to 2032. It is anticipated to be valued at US$ 5.9 Billion in 2022. The increasing water pollution and environmental concerns associated with the usage of plastics worldwide are set to augment the sales of commercial paper bags in the upcoming years. Commercial paper bags are mainly used in the retail industry as these are cost-effective. They also provide superior tensile strength and are lightweight in nature.

Commercial Paper Bags Market: Dynamics 

The global commercial paper bags market is expected to be majorly driven by the high demand generated from retail sector. Commercial paper bags are light in weight, easy to carry and are reusable. This has been registered as a key factor for their adoption by consumers. Other than retail, commercial paper bags are also used extensively in the building & construction industry especially for heavy-duty applications.  The impact is expected to be more intense in regions such as the Asia Pacific and the Middle East. In the Asia-Pacific region, there has been a substantial growth in the number of real estate and infrastructure development projects in the past few decades. This is expected to bolster the demand for commercial paper sacks in the coming years. 

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Also, switching to paper-based packaging has led to better recycling rate. Most consumers are adopting paper-based sacks over plastic ones as are a sustainable alternative of their counterparts. Additionally, commercial paper bags are environment-friendly and can be 100% recycled. The stringent regulations imposed by various regulatory bodies against the usage of plastic bags is also expected to drive the growth of the global commercial paper bags market during the period of forecast. 

Manufacturers are focused on expanding their portfolios to better meet the escalating demand from end users. Moreover, it is observed that manufacturers operating in the global commercial paper bags market are focusing on innovating products by differentiating their features from other market players. Companies are designing commercial paper bags which offer some added advantages such as temperature-controlled packagingpaper bags, to the consumers. For instance, 

  • Mondi Group entered into a partnership with iFoodbag AB, a Swedish start-up company, to develop a temperature controlled paper packaging product. Introduction of the temperature-controlled paper bag opens up new horizons in the online shopping platform. 

Commercial Paper Bags Market: Regional Outlook 

Geographically, the global commercial paper bags market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Middle East and Africa (MEA) and Japan. The countries of MEA are expected to represent growth opportunities for commercial paper bags market owing to its applications in building & construction sector. In the APEJ region, the retail sector is booming and is expected to propel the demand for the commercial paper bags in the region. Changing consumer spending pattern has resulted into high expenditure on packaged goods, which will buttress the demand for commercial paper bags in the region.

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Market Competition

  • Some of the leading companies operating in the commercial paper bags market include
  • El Dorado Packaging, Inc.,
  • Novolex Holdings, Inc.,
  • Smurfit Kappa Group Plc.,
  • Langston Companies, Inc.,
  • International Paper Company,
  • Essentra Plc., United Bags, Inc., and
  • Mondi Group plc.

Majority of the leading companies in the market are striving to gain a competitive edge by launching new products. A few other key players are focusing on mergers and acquisitions, joint ventures, and collaborations with local companies to provide better service to their customers.

Key Segments Profiled in the Commercial Paper Bags Industry Survey

By Product Type:

  • Sewn Open Mouth Bags
  • Pinched Bottom Open Bags
  • Pasted Valve Bags
  • Pasted Open Mouth Bags
  • Flat Bottom Bags

By Material Type:

  • Brown Kraft
  • White Kraft

By Thickness:

  • 1 ply
  • 2 ply
  • 3 ply
  • >3 ply

By End Use:

  • Agricultural & Allied Industries
  • Building & Construction
  • Food & Beverage
  • Retail
  • Chemical Industry
  • Others

By Region:

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

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Warehouse Racking Market is Estimated to Expand at a CAGR of 3.7% in 2032 | FMI

The global warehouse racking market is projected to top US$ 7.1 Bn in 2022. With sales growing at 3.7% CAGR, the market valuation will reach US$ 10.3 Bn in 2032.

According to FMI, demand for warehouse racking in the United Kingdom is expected to grow at a CAGR of 4.1 percent over the forecast year.

In the automotive industry, warehouse racking systems are utilised to store various automotive spare parts and automobiles. Increased sales of automobiles in the United Kingdom are forcing manufacturers to use industrial shelving systems to maximise storage space. The UK market is expected to grow at a rapid rate in the next years as a result of these reasons.

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Another important issue is upgrading, updating, or relocating storage systems to meet changing business needs. This is encouraging manufacturers to use racking solutions including drive-in pallet racks and structural selected pallet racks, which will help the industry grow.

“The market is likely to be driven by an increasing demand for quick product accessibility, maximum space utilisation, product and worker safety, convenient workability, and overall performance enhancement.” In addition, the availability of both manual and automatic rack servicing is projected to improve sales in the next years,” the FMI analyst predicts.

Different solutions are being presented as technology advances to make operations easier. With cutting-edge approaches and effective solutions, smart storage ideas are gaining traction.  With the correct kind of training in automated solutions, a warehouse management system may be considerably more effective, empowering employees to be more productive even when working at a high intensity.

Key Takeaways:

  • Based on the product type, sales in the drive-in pallet market are projected to grow at a 3.1% CAGR over the forecast period.
  • In terms of application, demand in the retail segment will rise at a 2% CAGR through 2032.
  • Sales in the U.S. warehouse racking market will increase at a 2.2% CAGR, dominating the North America market.
  • Rapid expansion of the ecommerce sector will drive the India warehouse racking market at a 6.7% CAGR through 2032.
  • The U.K. will emerge as a lucrative market, with sales growing at a 4.1% CAGR over the assessment period.

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 Global Warehouse Racking Market by Category

Product Type:

  • Roll Formed Selective Pallet Rack
  • Structural Selective Pallet Rack
  • Push Back Pallet Rack
  • Drive In Pallet Rack

Application:

  • Automotive
  • Food & Beverage
  • Retail
  • Packaging
  • Manufacturing

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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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Maternity Apparels Market is Projected to Reach at a US$ 41.3 Bn by 2031 | FMI

The maternity apparels market size is projected to have a moderate-paced CAGR of 6.7% during the forecast period. The current valuation of the market is US$ 23.05 Billion in 2022. The market value of the global maternity apparel market is anticipated to reach a high of US$ 44.08 Billion by the year 2032.

Maternity clothes sales increased at a CAGR of 3.5% between 2016 and 2020. Modern mothers are increasingly choosing maternity clothes that are appropriate for the occasion and the location, thanks to the rising influence of fashion magazines, social media, and celebrity endorsements on millennials.

Several clothing companies are concentrating on creating new and fashionable maternity collections in order to take advantage of the growing demand for maternity gear. As a result, from 2021 to 2031, the demand for maternity clothing is anticipated to increase at a compound annual growth rate (CAGR) of 6.7 percent.

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For instance, Zara just unveiled its first line of maternity wear, which includes about 25 items specifically designed for pregnant women. These items include jeans, sweaters, knit dresses, and overalls. Numerous such advances are anticipated to increase demand for maternity clothing.

According to FMI, maternity outerwear gear is anticipated to become the most appealing product type category, making up almost 76.2 percent of total sales in 2021. The growth of the category is being aided by the rising demand for fashionable outerwear items including jeans, skirts, shirts, dresses, and tunics that are sold under various brands.

“Key manufacturers place a strong emphasis on the release of cutting-edge and stylish maternity clothing to shield expectant mothers and babies from dangerous ultraviolet (UV) radiation. These outfits are being tailored with natural and environmentally safe materials. This is anticipated

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Key Takeaways from Maternity Apparel Market Study

  • South Korea and Japan are projected to account for 23.6% and 33.7% of the maternity apparel sales across East Asia in 2021, respectively.
  • Based on sales channels, multi-brand store-based retailing is forecast to hold the largest revenue share in the segment, accounting for more than 29.3% of the sales in 2021.
  • The U.S. is anticipated to dominate the market in North America, accounting for more than 79.2% of the regional sales by 2021-end.
  • Favored by the increasing number of working pregnant mothers in Australia, the country is expected to account for over 51.7% market share.
  • India is projected to emerge as one of the most remunerative markets in South Asia, accounting for around 31.7% of sales in 2021.

Key Drivers

  • High convenience and availability of a large number of unique brands, designs, and affordable prices with big discounts are increasing the sales of maternity appeals through online sales channel.
  • Increasing pregnancy rates and increasing fashion consciousness among modern pregnant mothers across the U.S., Australia, Germany, Japan, and others are driving the growth in the market.

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Key Restraints

  • High cost of stylish and fashionable maternity apparel and low consciousness about different maternity clothing across low-income economies are expected to hinder the growth in the market.
  • Increasing preference towards wearing maternity clothes made using natural fabric is hampering the sales of apparel made of synthetic materials such as polyester, and nylon.

Competitive Landscape

H & M Hennes & Mauritz AB, Seraphine Ltd, The Gap Inc., are the top three market players, identified by Future Market Insights. They are expected to cumulatively account for nearly 5% to 6% of the total sales in 2021.

Leading manufacturers are focusing on entering into strategic collaborations and partnerships with other players to expand their product portfolio and increase their market share. For instance,

  • In September 2020, Nike, an American multinational sportswear corporation, announced launching its first-ever active wear collection for pregnant women. The Nike (M) collection range from $45 to $85 online and consists of four products tailored as per the changing women’s bodies before, during, and after pregnancy.
  • In Oct 2020, Momsoon, a Maternity and Nursing Wear start-up, announced entering into a partnership with a leading clothing brand, Monte Carlo to launch its winter collection maternity wear. As a part of the partnership, Monte Carlo will produce maternity wears designed by Momsoon for online sale channels.

Some of the key players operating in the market profiled by FMI are:

  • Adidas AG
  • ASOS Plc
  • Brainbees Solutions Pvt. Ltd.
  • Hanesbrands Inc.
  • H & M Hennes & Mauritz AB
  • C. Penney Co. Inc.
  • Nike Inc.
  • Seraphine Ltd
  • The Gap Inc.
  • Tytex AS

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Maternity Apparels Market by Category

By Product Type:

  • Outerwear
    • Tops
    • Tunics
    • Bottom
    • Dresses
    • Others
  • Innerwear
    • Lingerie
    • Camisoles
    • Others
  • Nightwear

By Material Type:

  • Cotton
  • Nylon
  • Polyester
  • Synthetic
  • Spandex
  • Others

By Price Range:

  • Below US$ 100
  • US$ 100 – US$ 200
  • US$ 200 and Above

By Region:

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

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About Future Market Insights (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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Therapeutic Contact Lenses Market is Expected to Exhibit Compound Annual Growth Rate (CAGR) of 7.5% in 2031

Improvements in cases of irreversible kinds of blindness have been noted as medical knowledge has increased. Healthcare professionals are heavily funding research and development projects as the prevalence of eye infections and illnesses rises, especially in the younger population.

The demand for contact lenses has increased dramatically as a result of the development of dynamic soft lenses with superior technology. Due to this, major market participants have also been inspired to develop new products. A well-known business, Innovega, is creating soft contact lenses that can project a display anywhere in the field of vision.

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According to the firm, the Optik technology can boost the safety of hands-free activities including driving, surgery, and military operations. The technology won’t be accessible to the general public for some time, though.

As an illustration, the Mojo lens is regarded as the first smart lens with an integrated visual display created to enlarge images for persons with low eyesight. This unique lens can also project content from mobile devices.

Leading companies are focusing on making contact lenses to prevent digital eye strain as consumer reliance on digital gadgets rises.

The Centers for Disease Control and Prevention estimate that 12 million Americans aged 40 and older have vision impairment, of which 1 million are blind, 3 million have it after having their vision corrected, and 8 million have it because of refractive error that has not been corrected.

As a result, the demand for smart therapeutic contact lenses is increasing quickly due to rapid technological breakthroughs. Smart lenses are consequently becoming more and more common.

For instance, Cooper Vision, Inc. has unveiled a state-of-the-art contact lens that aids in reducing eye strain brought on by using digital devices. Different aspheric curves are used by Bio infinity Energy. People’s eyes can switch between non-digital and digital activities more easily as a result. The lens material’s ability to keep eyes moist is an extra benefit. This is especially useful because people blink less when staring at a computer or screen.

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According to Future Market Insights, these factors will enable the market to expand at an astounding CAGR and achieve a valuation of $22.6 billion by the end of 2031.

Key Takeaways from the Therapeutic Contact Lenses Market Study

  • In terms of material type, senofilcon is predicted to grow at a substantial CAGR of 10.6% during the forecast period.
  • In terms of the price range, the US$ 10 to US$ 30 segment will hold over 37.8% share of the market. Due to the diverse range of variety and cost-effectiveness of this range, sales are expected to spur.
  • In terms of consumer orientation, the unisex category is predicted to hold a considerable share of 60.3% in 2021.
  • In 2021, the U.S. will hold a mammoth share of 88.7% in North America, owing to its distinct work culture and significant use of smart devices such as desktops, mobile phones, tablets, and laptops.
  • The U.K. is expected to be a lucrative market in Europe, accounting for over 19.5% owing to higher spending on premium therapeutic contact lenses in the country.

 Who is Winning?

Global sales of therapeutic contact lenses have increased as a result of active promotional campaigns, advertising, and new product introductions by leading manufacturers.

AccuLens Company Inc., The Cooper Companies Inc., Bausch & Lomb Incorporated, Alcon Inc., Dynasil Corporation of America, Johnson and Johnson Vision Care Inc., Medennium Inc., SynergEyes Inc., X-Cel Specialty Contacts, Carl Zeiss AG, Abbot Medical Optics, Inc., CIBA Vision, Hydrogel Vision Corp., Novartis International AG, Contamac, Haohai

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Therapeutic Contact Lenses Market by Category By Material Type:

  • Balafilcon
  • Lotrafilcon
  • Methafilcon
  • Senofilcon
  • Others

By Consumer Orientation:

  • Male
  • Female
  • Unisex

By Price Range:

  • Below US$ 10
  • US$ 10 to US$ 30
  • US$ 30 to US$ 50
  • US$ 50 and Above

By Sales Channel:

  • Wholesalers/Distributors
  • Specialty Stores (Optical Stores)
  • Multi-Brand Stores
  • Hospitals/Clinics
  • Online Retailing
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • the Middle East and Africa (MEA)

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About Future Market Insights (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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