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IBC Rental Business Market Trends, Growth, Future Demand, Analysis and Forecast by 2029

The latest market research report by Future Market Insights on the IBC rental business includes global industry analysis 2014–2021, and opportunity assessment 2022–2029. The report studies the IBC rental business and provides critical insights for the forecast period 2019–2029. As per the findings of the report, the global IBC rental business is projected to experience significant growth over the forecast period, due to various driving factors such as the growing demand from low-capital end-users and stringent shipping and storing regulations.

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The global IBC rental business is estimated to be valued at ~ US$ 1 Bn in 2019, projecting a CAGR of ~ 5% during the period of 2019-2029. The growth of the IBC rental business is remarkably driven by increasing demand from small to middle-scale chemical companies.

The IBC rental business is expected to witness a steady growth rate in the foreseeable future, owing to the growth of the global chemical industry. In addition, continued urbanization in the developing economies of South and East Asia has increased the demand for chemical which is expected to directly impact the growth of the IBC rental business.

Europe to Remain as Dominating Market Region throughout the Forecast Period

The IBC rental business is closely related to the export activities and manufacturing of chemical and value-added products of different countries. The domestic production of end user in different regions are estimated to be a key factor in analyzing the leading end-use industries for the IBC rental services. Europe is expected to dominate the regional market in terms of demand, owing to its established export business. In 2018, Europe contributed nearly 40% of the total global export of chemical products. The Benelux and Germany are estimated to account cumulatively 1/3 of market share in the European IBC rental business. South Asia is anticipated to witness a fast-paced growth, owing to government policies to increase the export of chemical products from ASEAN regions and India.

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Temperature-controlled IBCs to Gain Traction in Coming Years

The global market of IBC rental business has been segmented in terms of material type, product type, content, capacity, end use, and regions. The regions are segmented into North America, Latin America, Europe, East Asia, South Asia, and Middle East & Africa.

By product type, carbon steel IBC is generally preferred in the IBC rental business. In terms of value, stainless steel IBC is estimated to be the leading product in the market. The reusability and secure handling of hazardous and flammable products are critical features, due to which steel IBCs are highly used in IBC rental business.
By content, shipping and storing of liquid are the main applications of rental IBCs. The higher safety, filling, and dispensing offered by IBCs are expected to prove itself as great packaging formant for industrial products packaging.
By capacity type, the IBCs with the capacity of 1,001-1,500 liters are estimated to be prominent in the global IBC rental business, owing to the specific standard size mentioned by regulatory authorities.
By end use, the industrial chemicals segment is leading for IBC rental business. The food & beverages segment is projected to be an emerging segment for IBC rental business, due to estimated increment in export volume based on previous five-year trade.

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IBC Rental Business: Market Vendor Insights

The report highlights some of the market players, who have recognized themselves as leaders in the global IBC rental business. Some of the global key players in the IBC rental business profiled in report are Good Pack Ltd., Hoover Ferguson Group, Arlington Packaging (Rental) Limited, Precision IBC, Inc., Hoyer Group, Metano IBC Services, Inc., CMO Enterprises, Inc., Mitchell Container Services, Inc., Global Packaging Services (GPS), Brambles Limited, Envirotainer AB, Americold, HCS (Hawman Container Services), SCHÄFER WERKE GmbH, and TPS Rental Systems.

Some of the IBC manufacturers are also showing interest to enter in IBC rental business owing to high-profit opportunity in renting, cleaning, and maintaining services of IBCs. It will show remarkable increment in the volume of rental IBCs in the global fleet.

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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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Polypropylene Packaging Films Market Expectations and Growth Trends Highlighted Until 2031

As per as of late let data out of Future Market Insights (FMI), the polypropylene packaging films market should select a year-on-year (YoY) improvement of 5.9% in 2021, showing up at US$ 26.2 Bn. As demonstrated by the survey polypropylene, by and large, packaging films arrangements will augment at 6.5% CAGR some place in the scope of 2021 and 2031. Creating propensity towards versatile packaging is filling the arrangements of Polypropylene packaging films.

The fast advancement of polypropylene packaging films market can be credited to the creating revenue for versatile polypropylene packaging game plans across various endeavors, similar to food and reward, Pharmaceuticals, equipment and others.

With rising discretionary cashflow and expanding center pay populace, there is an immense interest for bundled food varieties across the world. Food makers are ceaselessly zeroing in on expanding the time span of usability of items. Subsequently, polypropylene films are being adjusted for enormous scopes for the end goal of packaging.

Polypropylene packaging films not just expand the time span of usability of food items yet in addition help to keep up with the nature of food. They are brilliant option in contrast to cellophane, waxed paper and aluminum foil.

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Inferable from different highlights of polypropylene films, for example, recyclability, optical lucidity, cost proficient and lightweight, they are broadly used for adaptable packaging arrangements across different application.

As the world is moving towards maintainable packaging, interest for ecofriendly arrangements is building up momentum. Rising natural worries alongside expanding mindfulness among individuals about the advantages of reasonable and recyclable packaging arrangements will decidedly influence the interest for polypropylene films.

Likewise, expanding reception of polypropylene films in electric and drug items packaging, attributable to their intensity opposition, dampness confirmation and effect obstruction properties will drive the market quickly during the estimate time frame. The market is supposed to outperform 13.2 Mn Tones in 2021.’

BOPP films fragment drives the polypropylene packaging films market. This can be ascribed to its dampness safe, better gas boundary, higher modulus, higher elasticity properties alongside expanding innovative work exercises for BOPP material.

North America drives the polypropylene packaging films market because of expanding interest for bundled merchandise in the locale. The North America market is set to enroll a CAGR of 5.4% somewhere in the range of 2021 and 2031.

“Developing extent of polypropylene films application in electronic, tobacco and medical services businesses alongside expanding innovative work exercises will grow the polypropylene packaging films market during the figure time frame,” says the FMI expert.

Key Takeaways from Polypropylene Packaging Films Market Survey

North America leads the polypropylene packaging films market. The market is set to expand at 5.4% CAGR between 2021 and 2031.
Europe market is forecast to register 4.7% CAGR during the forecast period.
With expanding healthcare and food and beverage industries, East Asia is anticipated to take the spotlight during the forecast period.
BOPP films segment leads the polypropylene packaging films market.
Top 5 players operating in the market hold 8-10% market share in 2021.

Key Drivers

Increasing inclination towards flexible packaging is driving the polypropylene packaging films market.
Expanding application in food and beverage and healthcare sectors will positively impact the demand for polypropylene films
Rising environmental concerns and increasing awareness among people regarding benefits of polypropylene films also will contribute to the growth of the market.
Growing middle class population and rising disposable income will accelerate the sales of PP films.

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Key Restraints

Fluctuations in the cost and availability of raw materials is hampering the growth of polypropylene packaging films market.
Availability of better alternative packaging solutions might reduce the adoption of PP packaging films in various applications.

Competitive Landscape

Key companies operating in the global polypropylene packaging films market are focusing on expanding their product portfolio as well as their distribution networks. They have adopted various strategies such as mergers and acquisitions, development of new products and collaborations to gain a competitive edge in the market.

In July 2020, LyondellBasell, the world’s largest licensor of polyolefin technologies announced that Quanzhou Grand Pacific Chemicals Co. Ltd. (QGPC) will use the LyondellBasell Spheripol technology for a 450 KTA polypropylene plant to be built in Quanzhou, P.R. China.
In January 2019, Taghleef Industries (TI) completes the acquisition of Biofilm. The acquisition will help Taghleef Industries to increase its annual BOPP production capacity to more than 500000 tons.

Some of the prominent players operating in the Polypropylene packaging films market profiled by FMI are:

Toray Plastics (America) Inc.
Cosmo Films Ltd.
Vacmet India Ltd.
IrplastS.p.a,
Polinas Plastik Sanayi ve Ticaret A.S.
Profol Kunststoffe GmbH
Taghleef Industries L.L.C.
Thai Film Industries Public Company Ltd.
Oben Holding group S.A.C.
Rowad National Plastics Co., Ltd.
LC Packaging International BV
Jindal Poly Films Ltd., Uflex Ltd.
Polyplex Corporation Limited
Copol International Ltd,
Schur Flexibles Holding GesmbH
Filmax, Inteplast Group Ltd.,
Dunmore Corporation
Poligal S.A.

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More Insights on the Global Polypropylene packaging films Sales Outlook

FMI provides an unbiased analysis of polypropylene packaging films market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for polypropylene packaging films with a detailed segmentation on the basis of:

By Product Type:

BOPP
CPP

By Film Format:

Clear Films
Coated Films
Matte Films
White Films
Metallized Films

By Thickness:

Up to 18 micron
18 to 50 micron
51 to 80 micron
Above 80 micron

By Application:

Bags & Pouches
Lamination
Tapes
Labels
Wraps
Others

By End Use:

Food & Beverages
Personal Care & Cosmetics
Electric & Electronics
Industrial
Pharmaceuticals & Medical
Tobacco
Others

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Steel Drums & IBCs Market Competitor Analysis, Winning Strategies and Growth Drivers 2029

The global Steel Drums & IBCs Market is expected to hit a market value of US$ 16 Bn by 2022, and is expected to reach US$ 22.5 Bn expanding at a CAGR of 4.8% from 2022-2029.

The global demand for Steel Drums & IBCs Market accounted for revenues equating US$ 13 Bn in 2021; FMI’s new study estimates growth to hover at 4.8% mark during the next decade. Increasing global trade and growing proclivity to invest in efficient transportation are supporting market growth, according to the authors of the report.

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Increasing focus on achieving cost-effectiveness in logistics, along with growing transportation of hazardous and non-hazardous materials have brought steel drums and IBCs at the center stage. Moreover, as steel drums & IBCs are considered as one of the safest forms of packaging for dangerous goods such as chemicals, demand has remained steady over the years. The market is likely to be influenced by reusability that results in cost-savings in reverse logistics and traceability that enhances consumer services.

Growing Demand for Steel Drums & IBCs in China

East Asian countries continue to offer significant opportunities for steel drums & IBC manufacturers. The demand for steel drums & IBCs in China, South Korea, and other East Asian countries is majorly driven by increased spending on trade activities and the growing demand for chemical packaging. The growing investments in increasing production facilities is likely to create significant growth opportunities for market players over the course of the forecast period.

In addition to East Asia, South Asia is likely to remain a lucrative region for the steel drums & IBCs market on account of the expansion of end-use industries which are likely to push the demand during the assessment period. Expanding cross-border trade witnessed across this region is expected to propel sales of steel drums & IBCs. Further, key investments in the European economies focused at IBC production by companies such as Mauser Packaging Solutions and Greif reflect the opportunities offered by the European economies.

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Chemical Industry Remains the Largest Consumer

Major consumption of steel drums and IBCs is witnessed across the chemical sector. The chemical segments is expected to hold approximately 40% share in the global steel drums & IBCs market in 2022. The growing incidents of storage and transportation of hazardous chemicals is expected to support this consumption as steel drums & IBCs are perceived to be safe packaging solutions for such goods.

As chemicals pose health risks on leakage and leach, the demand for packaging solutions that prevent exposure to external environment continues to rise, driving steel drums & IBCs’ demand. Another factor supporting the growing consumption of steel drums & IBCs for chemical packaging is the increasing inclination towards sustainable packaging solutions, considering the negative environmental impact of plastic which has been previously used for chemical storage and transport owing to its higher safety standards.

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Companies operating in the steel drums & IBCs market focus on maximizing the production on account of the constant demand growth from the chemical and petroleum and lubricants. Apart from these sectors, newer solutions are also being designed to address the requirements of the food processing and pharmaceutical sectors which include exceptional performance, enhanced handling and labor savings.

Moreover, manufacturers continue to emphasize production of customized solutions that are designed to meet specific end-use requirements. Leading manufacturers of steel drums & IBCs are likely to consider expansion of global footprint through acquisitions or collaborations with regional providers.

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Paint Cans Market Important Changes in Industry Dynamics during 2021-2031

Global paint cans market was valued at 4.7 Bn by 2021, and is projected to register modest growth during the next ten years. As indicated by a new report presented by Future Market Insights (FMI), sustained demand for paint cans within construction and wall décor segments will continue to push paint can sales at a steady pace over the years to come.

High Recyclability Quotient Sustains Metal Paint Can Sales

Paint cans are widely used to store paint. In fact, they are the most dominant form of packaging solution used for paint. Metal paint cans are generally preferred due to their high recyclability. However, there are certain factors associated with convenience, which could hamper the growth in the adoption of metal paint cans. These include problems such as rusting of paint cans, which can damage the paint inside.

Moreover, most metal paint cans are tightly sealed, and spill paint when opened with force. The paint spilling out of paint cans can stick to the surface. On the other hand, plastic paint cans can be easily decorated and have better compatibility with printing, which is taken advantage of, by paint can manufacturers.

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Paint Cans Continue to Witness Steady Traction, Construction & Wall Décor Key Revenue Generation Areas

Since a significant chunk of the demand for paint cans is generated by the construction sector, there is a demand for packaging solutions with high capacity. This is fulfilled by plastic containers and pails which have a capacity of well over 5000 ml. Several 5 gal containers of latex-paint sold in the market come in plastic containers. Plastic pails and bulk containers lead to reduced weight of the packaging, ensuring user convenience. The high demand for rigid plastic pails in the construction sector could, to some extent, hamper the growth of the global paint cans market.

The building and construction sector is expected to witness solid growth in the coming years, especially in high growth countries such as Brazil, India, and China. Also, the increasing number of new construction projects, as well as a number of households, is expected to boost the growth of the wall paint market, which, in turn, is anticipated to represent lucrative opportunities for the global paint cans market during the forecast period.

Paint Consumption Sees an Upsurge in Developing Asian Economies, Pushing Sales of Paint Cans

The South & East Asia paint cans market is expected to represent significant revenue growth opportunity during the forecast period. The high rate of urbanization, rise in the number of single person households, and robust growth of the building & construction industry is expected to generate significant demand for paint cans during the forecast period. Therefore, the manufacturers of paint cans are eyeing the South & East Asia region to pursue rightsizing of their supply chains to accommodate high growth countries in the region.

China is expected to generate the maximum incremental $ opportunity for the paint cans market by the end of the forecast period. Strong economic growth of India is the key driver for the local paint industry. India’s paint consumption has been registering double-digit figures for the past few years, making it highly attractive in terms of growth rate of the paint cans market.

The continuous expansion of the building & construction industry in countries such as Indonesia, Thailand, South Korea, and Japan, is likely to represent an enormous growth opportunity for the paint cans market during the forecast period. Overall, South & East Asia regions are projected to witness a notable growth rate of the paint cans market throughout the forecast period.

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Competition Landscape: Global Paint Cans Market

The FMI report includes a detailed competition landscape, which includes profiles and assessment of paint can manufacturers operating in the global paint cans market. Key manufacturers of paint cans profiled include – Ardagh Group, S.A., Ball Corporation, RPC Group Plc., Silgan Containers LLC, Kian Joo Can Factory Berhad, Colep Portugal, S.A., BWAY Corporation (MAUSER Packaging Solutions), National Can Industries Pty. Ltd., Allied Cans Limited, Aaron Packaging, Inc., Allstate Can Corporation, Lancaster Containers, Inc., Baltic Packaging A/S, Envases Universales Group, P. Wilkinson Containers Ltd., Sarten Ambalaj Sanayi Ve Ticaret A.S., and KW Plastic Inc.

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Receiving Scales Market Growth And Competitive Dynamics With Market Share Analysis, Trends And Forecast

In earlier times, balanced weight has been used to measure weight of any entity. These mechanical balances are still considered as a good equipment to measure weight of small quantities in any biotechnology lab.

However, these mechanical balances have found difficulties in measuring large quantities such as in warehouses, manufacturing unit, as there are many factors that may hinder the accuracy and precision of the measurement scale. According to GMP (Good Manufacturing Practices), a company has to reduce all sources of errors. Receiving scale is a measuring instrument that when calibrated shows accurate weight that has put on it.

Receiving Scales are used by each and every industry, regardless of the nature of industry so that every product been manufactured is produced identical, are to ensure that every packet weigh same.

Receiving scales are finding its application in households to ensure the measurement of ingredients being put in any dish made in house. Big chains of restaurants and cafes routinely uses receiving scales to standardize the package or the meal size of every order.

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Market Dynamics for Receiving Scales

Receiving scales market has witnessed a slow growth over the historical years across the globe. It is likely to witness the future growth in regions with large presence of manufacturing companies, warehousing, and distributing network.

Increasing manufacturing footprints of key companies coupled with new Greenfield expansion among the end use industries is anticipated to create opportunities for key manufacturers of receiving scales to amplify their penetration in the global receiving scales market. Moreover, there is a large portion of latent demand in the market that can be captured by the manufacturers by introducing certain feature in receiving scales.

The receiving scale is used to measure weight of different kind material, and therefore, the base material of the scale has to be according to the application that does not corrodes easily.

Key Players

The global receiving scales market is a house of several global and local players. Some of the manufacturers in the market includes

Taylor
CDN
Rubbermaid
Accuteck
Brecknell
VisionTechShop
DYMO
Weighmax
Ohaus
Angel USA
American Fristaden
Adam Equipment
RESHY
Straisert Company
Rice Lake Weighing Systems
Sentran LLC
Technical Weighing Services
Worcester Scale Co. Inc.
A&D Weighing
Cardinal Scale Mfg. Co.
Denver Instruments
Koehler Scale Inc.
QTech Business Products
Rochester Scale Works
Scientech Inc.
Shimadzu Scientific Instruments
Sterling Scale Company
Thermo Fisher Scientific
Thompson Scale Company
Walz Scale
prominent players

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Novel Innovation in Receiving Scales Market

Manufacturers are introducing such innovation in the market of receiving scale that will help their consumer better precision and accuracy. The consumer will appreciate the novel innovation in receiving scales such as regular monitoring and recording of the weights to analyse during the procedure. To enhance the demand of receiving scales, manufacturers are focusing on various innovations in the product suitable for its applications.

Such as, for commercial receiving scales consumer are provided with continuous monitor with remote display, and for domestic applications manufacturers are coming up novel designs, attractive colours, and portable to be easily used in any household.

Besides industrial and domestic application of receiving scales, manufacturers are also aiming to produce receiving scales customized for retailers, restaurant and cafe chains.

Retailers need receiving scale to measure the required material as per the customer demand. This scale can neither be as large as of industries nor as small as used in household. An intermediate receiving scale is required for retailers.

Manufacturers are aiming to develop custom design according to the exact specification provided by the clients to provide the most accurate and reliable solution for research purposes. A considerate portion of manufacturers are serving industries such as marine and aerospace that requires high precision weighing system for manufacturing of the determined design.

The Report Covers Exhaustive Analysis on

Receiving Scales market segment
Receiving Scales market dynamics
Receiving Scales market size
Receiving Scales supply and demand
Current trends/issues/challenges pertaining to Receiving Scales market
Competition landscape and emerging market participants in Receiving Scales market
Technology related to production/processing of Receiving Scales
Value chain analysis of the Receiving Scales market

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Regional Analysis Includes

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

The receiving scales market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).

The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain. A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study.

By doing so, the receiving scales market report projects the attractiveness of each major segment over the forecast period.

Receiving Scales: Market Segmentation

Based on Type

Digital
Analog

Based on Model

Portable
Countertop
Floor

Based on Capacity

Less than 100 Kg
100 – 200 Kg
201 – 400 Kg
More than 400 Kg

Based on Application

Industrial
Commercial
Household

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High Protein Cat Food Market Size, Growth, Analysis by Product, and the forecast period of 2030

The high protein cat food is increasingly gaining attention as cat owners are aware that nutrition plays an important role in feline health.High protein cat foods consist of all essential amino acids that cats need to flourish, so having an insufficient amount of any one of these can have serious health problems.

For instance, taurine, an essential amino acid needed for fetal development, normal eyesight, and heart muscle function is exclusively found in animal-based proteins.Cats protein requirements change depending on their age — the pet owner can select the right protein food taking into consideration the cat’s age.

As per the Association of American Feed Control Officials, an adult cat food needs to contain around 26% protein, whereas diets approved for reproduction and growth must comprise at least 30% protein on a dry matter basis.

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High Protein Cat Food Market – Growth Restraints

Experts worry that the growing trend for high protein cat food might not be sustainable; furthermore, research is lacking on its long-term health effects.

Surplus protein is stored in the cat’s body as fat, which might contribute to growing pet obesity if owners overfeed their pets. Moreover, lack of awareness concerning feeding high protein cat food might discourage owners to buy, and hinder sales.

COVID-19 Impact on High Protein Cat Food Market

COVID-19 pandemic has affected entire processes and supply chains. This has lead manufacturers and suppliers of high protein cat food to change their business strategies as per current scenarios keeping in mind safety measures and precautions, during this pandemic.

Manufacturers are ensuring continued uninterrupted operations and are stocking raw materials as well as finished goods to minimalize potential supply issues moving forward.

Furthermore, suppliers and retailers have also re-visited their business continuity plans to manage through potential impacts related to COVID-19.

Retailers are adjusting their store hours as per lockdown measures and adding labor hours to enhance customer service, keep stores fully stocked, frequently conducting store cleaning, and increasing their inventory of animal feed and pet food.

Partnerships with online delivery companies is also growing, and many e-retailers who only supplied human food, are now foraying into pet food categories as well.

High Protein Cat Food Market – Region-wise Analysis

The US holds leading share of the global high protein cat food market, pivoting North America as the most lucrative market. High pet ownership, combined with a high per capital spend on pet health has continue to create sustained opportunities for pet food players.

Moreover, the notable shift towards online purchasing is auguring well for the region.Many countries in Southeast Asia, where pet ownership is synonymous with owning a dog, are now witnessing an increase in cat ownership. This trend is visible in urban centers, especially among millennial demographic, whose lifestyle is in stark contrast to their earlier generation.

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High Protein Cat Food Market – Competitive Analysis

Leading players in the global market are majorly towards merger & acquisitions, expansion, and new product development.For instance, TOMOJO will be presenting the world’s first insect cat food – a pioneering recipe developed through partnership with veterinary nutritionists.

Royal DSM, a pet food ingredient supplier took over Erber Group. The acquisition will offer DSM the prospects to extend its product portfolio and prolongs the company’s position as one of the prominent suppliers in the rapidly expanding animal gut performance management market.

WellPet, LLC is expanding their partnership with Pet Food Experts, to further the distribution of its natural treats, food and dental chews for cats and dogs.

Diamond Pet Foods
WellPet LLC
Blue Buffalo Pet Products, Inc.
The J.M. Smucker Company
Total Alimentos SA
Lupus Alimentos
Nestlé Purina,
The Hartz Mountain Corporation
Hill’s Pet Nutrition, Inc
Mars Incorporated.

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Mixers Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2030

The Mixers are appliances used for mixing processes and has a variety of use for businesses as well as household. The major function is geared towards crushing and grinding the food products into small pieces or powdered form resulting in a consistent and smooth texture.

Mixers have proved to be a revolutionary device for culinary delights. The type of food that can be prepared with the help of mixers drives increased sales for its market in the forecasted period. It includes food like ice-cream, dough, milkshakes, whipping cream, cracking nuts, grinding cereals, and to mixing delicious juices. Mixers eliminated the use of hand grinders which consumed a lot of power along with time.

Mixers have reduced manual efforts to a great extent with hastening the cooking process . New technology and advancements have started the rise of creative products for food and beverage processing.

The hectic schedule of the customers today due to professional and personal commitment demands accessible and convenient meals. The consumption of bakery, confectionaries, and beverage food products is increasing in the developing economies which draws a positive impact on the mixers market.

Rise in consumer spending on processed food products to drive growth for mixers market

The processed food and beverage products market is highly fragmented. It has helped to preserve the nutritive quality of food by prolonging the shelf life. Customer demand for nutritious and health benefit food has increased substantially with the increasing awareness of health consciousness.

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Millennials today demand food that is nutritious without compromising on taste and hence are drawn towards processed food items. The value addition in terms of taste, mouthfeel, texture, flavor, and nutrition along with convenience is surging demand for processed food.

Government support in various regions for the food processing industries is growing owing to its increasing contribution towards the economy. The advent of mixers has countless benefits in the food processing industry thus outnumbering the sales for it.

Global Mixers Market: Key Players

The key players operating in the market of mixers include Buhler Holding AG,

Hosokawa Micron Corporation
SPX Corporation
GEA group
Marel HF
John Bean Technologies Corporation
KHS GmbH
Krones AG
Sulzer Limited
Tetra Laval International S.A.

Global Mixers Market: Opportunities

The increasing adoption of technologically advanced kitchen products including kitchenware and cookware is expected to increase the demand for mixers globally which marks an opportunity for increased sales for the existing manufacturers.

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The increasing research for innovative mixers with more efficiency is also been carried out by the key players to attract more customers. An Increase in consumer demand for packed food owing to convenience creates an opportunity for new players to enter the mixers market by innovating mixers for increased competence in the food processing industry.

Mixers Market Regional Outlook

Europe dominates the global mixers market owing to the substantial growth in the processed food industry. High consumption of food products like snacks, dairy products, and bakery contributes to the increased demand for mixers in this region followed by North America.

The Asia Pacific is expected to emerge as potential markets owing to the rise in the disposable income of the growing middle-class customers. The developing economies like India and China are viable markets for manufacturers due to an increase in demand for convenient kitchen appliances. Thus, the scope of growth in the developing economies in the Asia Pacific is expected to deliver a higher CAGR during the forecast period for the mixers market

Regions and Countries Analyzed in the Report

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

COVID-19 Impact on Mixers Market

With the spread of COVID-19 bringing stringent lockdown in many regions of the world, the industries and various businesses have been hampered. Limitations on shipping and trade, disruption of the supply chain, key manufacturers coming to grinding halt are the factors that have affected the global economy with an impact on electronics and the electrical appliance industry as well.

The lead time for delivering orders has increased as manufacturers are not working to the full-scale production capacity. Limited availability of components for manufacturing the products stands as a major challenge for electrical and electronic appliance manufacturers.

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The pandemic crisis has also declined the frequency of purchase for appliances like mixers. Thus, the spread of COVID-19 is expected to have a moderate to high impact on the growth of the mixers market in the near term.

Mixers Market Segmentation

By Product Type

Shaft Mixer
Ribbon Mixer
Paddle Mixers
Static Mixers
Planetary Mixer
Others

By Technology

Continuous
Batch

By Distribution

Online Sales
Retail Stores

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Encoder Market to Achieve a High CAGR Of 7.7% During Forecast Period 2022-2030

The Encoder Market is expected to witness moderate growth, registering a 7.7% CAGR during the forecast period (2022 – 2030). The Market is projected to reach US$ 2.17 Bn in 2022 and US$ 3.95 Bn by 2030.

Key Takeaways of Encoder Market Study

The optical sensing encoders segment is expected to witness a notable growth rate, owing to increasing demand for enhanced resolution and accuracy for optical technologies
South Asia & Pacific is expected to create lucrative growth opportunities for players in the encoder market, attributed to the rapid growth of the automobile and manufacturing industry in the region
The market concentration in the global market is consolidated, over half of the market share is expected to hold by the top 10-12 manufacturers
Key players in the market are focusing on acquisitions to complement their product portfolio to cater to the needs of a variety of customers. Market participants are also focusing on providing products directly to end-users to improve direct customer relations

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Encoder Market Landscape

The global encoder market is highly competitive due to presence of a large number of medium- and large-sized encoder manufacturers and service providers.

Tier-I participants in the encoder market are estimated to hold around 45%-55% of the market share. Product development and innovation is the key strategy of encoder manufacturers in the encoder market to increase their market presence and enhance end user experience.

For instance, June 2020, FRABA B.V. introduced an inexpensive and flexible alternative for safety-critical motion control systems. It provides various application for new safety-ready encoders range from heavy construction equipment and mobile machines.

This report provides valuable insights at the company level, focusing on product innovation in the encoder market, along with business and marketing strategies of emerging market players.

Some market players included in the report are OMRON Corporation, Baumer Electric AG, Schneider Electric, Panasonic Corporation, Renishaw plc, Honeywell International, Inc., Rockwell Automation, Inc., and amongst others.

Impact of COVID-19 Pandemic Outbreak on Encoder Market

The worldwide spread of COVID-19 pandemic in Q1, 2020 has impacted the production of encoder products such as linear encoders, and rotary encoders and has also disrupted the encoder products industry and supply chain during the lockdowns. The majority of the end-use industries manufacturing facilities have been shut down for the preventive measures against the COVID-19 epidemic.

Moreover, in 2020, the production is expected to witness a slowdown, and the majority of manufacturers are expected to maintain the inventory level.

Before COVID-19, the global market for encoder was anticipated to increase at 7.5%-8% market growth in 2019, whereas post-COVID-19 scenario, the market for encoder is projected to declining growth of -1.5% as compared to original forecast 2019.

The COVID-19 crisis is expected to add to an uncertain long term impact on the global market. The global encoder market is expected to witness rebound from the first to the second quarter of 2021.

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Future Outlook for Encoder Market

Encoder products are used in different industries applications such as automotive, consumer electronics, aerospace & defense, healthcare & medical devices, industrial and among others.

Increasing usage of the encoder in industrial applications due to the adoption of upcoming technologies such as automation, robotics, and smart manufacturing is expected to offer lucrative growth opportunities in the encoder market.

A major growth driver of the global encoder market is the increasing number of orders placed for advanced and expanding applications, along with transition of traditional and manual controls to state-of-art automation.

More Valuable Insights on Encoder Market Report

Future Market Insights offers an unbiased analysis of the global encoder market, providing historical data for 2015-2019 and forecast statistics from 2022-2030.

Encoder Industry Survey Segmentation

Encoder Market by Type:

Linear Encoders
Rotary Encoders

Encoder Market by Position Signal:

Absolute Encoders
Incremental Encoders

Encoder Market by Sensing Technology:

Optical Sensing Encoders
Magnetic Sensing Encoders
Capacitive Encoders
Inductive Encoders

Encoder Market by Application:

Automotive
Consumer Electronics
Aerospace & Defense
Healthcare & Medical Devices
Industrial
Others

Encoder Market by Region:

North America Encoder Market
Latin America Encoder Market
Europe Encoder Market
East Asia Encoder Market
South Asia and Pacific Encoder Market
Middle East and Africa Encoder Market

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AI in IoT Market 2022 Size, Key Players, Trends, Regional Insights and Dynamics 2032

The global market for AI in IoT is estimated at US$ 6.2 Billion in 2022 and is projected to reach US$ 142.4 Billion by 2032. The market is expected to reach a CAGR of 6.2% during the forecast period from 2022 to 2032. This market is projected to grow steadily over the next few years as billions of devices, services, and systems connect to each other, which is expected to be primarily driven by the adoption of low-cost sensors that are able to convert physical data into digital content. Moreover, the growing demand for smart cities and IoT solutions in developing regions has increased the value of AI in the IoT market.

IoT devices are constantly streaming voluminous data, and the need to analyze that data and reduce maintenance costs and downtime has led to the adoption of artificial intelligence in IoT market. In the retail industry, artificial intelligence will play a key role in enabling IoT-based services, with a primary focus on improving customer experience programs and developing products that are more customer-centric which will further propel market demand for AI in IoT in the market.

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Key Takeaways:

The market for AI in IoT is currently valued at US$ 78 Bn. It is expected to grow at a 6.2% CAGR from 2022 to 2032.
ML & deep learning technologies are projected to grow at a CAGR of 5.7% during the forecast period for Artificial Intelligence in IoT.
U.S. market is predicted to reach US$ 49 billion while growing at a CAGR of 5.8% during the forecast period.
China is expected to reach a CAGR of 5.6% with a market value of US$ 10.2 Billion in 2032 during the forecast period.
The Japanese market is expected to reach a market value of US$ 8.6 Billion by 2032.

Competitive Landscape

Key Players that have been profiled in the report are Google, Microsoft, IBM, AWS, Oracle, SAP, PTC, GE, Salesforce, Hitachi, Uptake, SAS, Autoplant Systems Pvt Ltd, Kairos, Softweb Solutions, Arundo, C3 IoT, Anagog, Imagimob, Thingstel. In an effort to emerge as a recognized and profitable business, firms continue to adopt a strategy that includes new product launches, R&D, patents, approvals, events, product innovations, joint ventures, partnership agreements, digital marketing, collaborations, mergers and acquisitions.

Mindtree acquired NxT Digital Business in May 2021 to offer analytical services to match the Industry 4.0 needs. Approximately 198 crores was valued at this acquisition, and completion is expected by July 31st, 2021. Using its low-power and compact SoC, the company aims to solve this issue while providing sufficient computing power for effective AI and biometrics.
JFrog, a company that helps developers manage software delivery updates continuously in June 2021, reached a major agreement to help the company expand its expertise and presence in an area that has become increasingly connected to DevOps, security. With the acquisition of Vdoo, the firm got a platform that utilizes artificial intelligence to detect and fix vulnerabilities in the software that is part of IoT systems and connected devices. The deal is estimated to be worth approximately $300 million in cash and stock.

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More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global AI in IoT market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

Key Segments Covered

By Components:

Platform
Software Solutions
Services

By Technologies:

ML and Deep Learning
NLP

By Verticals:

Manufacturing
Energy and Utilities
Transportation and Mobility
BFSI
Government and Defense
Retail
Healthcare and Life Sciences
Telecom
Others(agriculture, education, telecom, and tourism and hospitality)

By Region:

North America
Europe
Asia Pacific
The Middle East and Africa
Latin America

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Tableau Services Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast 2022 to 2028

Tableau Services Market revenue totaled US$ 896.1 Mn in 2021 and is expected to reach US$ 1,016.5 Mn in 2022 and US$ 2,183.2 Mn by 2028, growing at a CAGR of 13.6% between 2022 and 2028.

Future Market Insights has recently published a market research report on the Global Tableau Services market. The study presents a detailed analysis of the historical data, current and future market scenarios for the Tableau Services market. The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming years.

With the adoption of cloud computing and artificial intelligence, the technology industry is expected to witness healthy growth over the forecast period. Increasing competitive pressure and advanced digital transformation in the area of data analytics and artificial intelligence are likely to improve the growth outlook for the Tableau Services market in the upcoming decade.

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According to the FMI’s report, Changes in consumer behaviour, robust product innovations, and expanding distribution networks continue to influence the growth of the Tableau Services market. FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the Tableau Services market report and gather data from a wide range of primary and secondary sources.

Impact of COVID-19 on Tableau Services Market

With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook.

FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid Tableau Services market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the Tableau Services market.

Tableau Services Market: Competitive Analysis

The FMI’s Tableau Services market report provides a detailed analysis of prominent players as well as emerging companies operating in the Tableau Services market. Some of the key players are:

Deloitte
Silicus Technologies, LLC
Bilytica
Interworks
Nabler
Vizual Intelligence Inc.
SA Technologies, Inc

With an extensive SWOT analysis, the FMI’s study provides the strengths, weaknesses, growth prospects and product expansion within the players. The report also offers key players marketing strategies, recent mergers and acquisitions and pricing strategy to gain a competitive edge in the industry.

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Tableau Services Market Outlook by Category

By Service Type: