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Block Sack Market Poised for Strong Growth, Driven by Sustainability and E-Commerce

The global block sack market is forecast to experience significant growth, with a projected CAGR of 4.6% from 2023 to 2033. This translates to a market value reaching US$ 1.8 billion by 2033, up from US$ 1.2 billion in 2023.

Durable, Sustainable Packaging Solution

The demand for block sacks is rising due to their unique advantages. Their lightweight and tamper-proof design makes them ideal for efficient material handling. Additionally, with growing environmental concerns, block sacks are gaining traction as a sustainable alternative to traditional packaging options.

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Key Drivers of Market Growth:

Sustainability: Consumers are increasingly demanding eco-friendly packaging solutions, driving the market for block sacks made from recyclable or biodegradable materials.
Rising Food & Beverage Demand: The increasing demand for packaged, ready-to-eat, and processed food is fueling the block sack market, particularly in the food and beverage sector.
E-Commerce Boom: The surge in online shopping is creating a growing need for secure and durable packaging like block sacks.

Regional Market Trends:

Asia Pacific Dominates: Asia Pacific currently leads the block sack market due to its strong industrial sector, booming construction activities, and large consumer base.
The UK Leads Green Building Practices: The UK’s emphasis on sustainability has led to a surge in block sack demand for eco-conscious construction projects.
France’s E-Commerce Boom Drives Growth: France’s thriving e-commerce sector and government regulations banning single-use packaging are key drivers of the block sack market.
US: Leader in Sustainable Packaging: The US dominates the sustainable packaging market, with a growing demand for block sacks as an eco-friendly option.

Looking Ahead:

Technological advancements in material science will lead to the development of even more efficient and sustainable block sack solutions. Additionally, growing demand from vertical farming and smart packaging applications are expected to create new market opportunities.

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Challenges and Opportunities:

The rapid shift in consumer preferences and the need to balance affordability with sustainability are key challenges for block sack manufacturers. However, opportunities lie in expanding applications in emerging industries and incorporating smart packaging technologies.

Key Companies:

Starlinger Company
East Riding Sacks Limited
Shouman Company
Dyna Polyplast Pvt Ltd.
Segezha Group
Flexipol Packaging Limited
AB Group Packaging
Tianjin Jia Tai Feng Plastic Woven Co., Ltd.

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Market Segmentation:

By Material:

Plastic
Paper
Jute

By End Use:

Transportation & Logistics
Food & Beverages
Agriculture
Industrial
Construction
Pharmaceuticals
Household
Others

By Countries:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan
Middle East & Africa
Japan

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global B2B Telecommunication Market to total US$ 260,255.50 million by 2034, expanding at a 12.6% CAGR- FMI Analysis

The B2B telecommunication market is predicted to be valued at US$ 79,246.00 million in 2024 and US$ 260,255.50 million by 2034. Over the projection period, sales in the B2B telecommunication market are expected to increase at a CAGR of 12.60%.

A prominent opportunity lies in the burgeoning demand for edge computing. Edge computing involves processing data closer to the data source, reducing latency and enhancing performance. B2B telecommunication providers can offer tailored edge solutions that empower industries like healthcare, manufacturing, and autonomous vehicles, enabling real time data analytics and decision making.

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An underexplored avenue is the integration of Artificial Intelligence and Machine Learning in communication services. Leveraging AI driven chatbots for customer support, predictive analytics for network maintenance, and automation for routine tasks can streamline B2B communication services, improving efficiency and reducing operational costs.

The Internet of Things presents a wealth of opportunities. B2B telecommunication companies can develop IoT specific solutions for various sectors, such as smart cities, agriculture, or logistics, enabling them to harness data from connected devices for better decision making and process optimization. The growing need for data security creates a ripe opportunity. As cyber threats become more sophisticated, B2B telecommunication providers can position themselves as cybersecurity experts, offering comprehensive security solutions to protect sensitive business data, ensuring trust in their services.

Key Takeaways from the B2B Telecommunication Market

The B2B telecommunication market is led by India, projecting a 13.20% CAGR until 2034.
France is at the forefront, anticipating 6.70% CAGR growth by 2034.
The United States is poised for a 5.60% CAGR by 2034.
The unified communication and collaboration segment is set to dominate with a market share of 34.30% in 2024.
FMI predicts the retail segment to hold a market share of 17.20% through 2024.

“The B2B telecommunication market is a dynamic landscape where businesses access and utilize communication technologies and services to enhance connectivity, productivity, and efficiency in their operations”

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How Key Players are revolutionizing the B2B Telecommunication Market?

Key players in the B2B telecommunication market are at the forefront of a transformative wave, reshaping the industry landscape through a series of groundbreaking initiatives. Among the primary driving forces behind this revolution is the relentless pursuit of innovation. These key players are investing heavily in research and development to enhance network infrastructure, advance communication technologies, and develop novel solutions tailored to business needs.

They are championing the adoption of 5G technology, which promises to deliver unprecedented speed and connectivity, enabling real time data transfer, IoT integration, and augmented reality applications. This empowers businesses to operate more efficiently and take advantage of emerging trends.

The key players are responding to the rising demand for cloud based services and cybersecurity. By offering secure, scalable cloud solutions, they facilitate remote work, data management, and enhanced collaboration. Cybersecurity measures have become integral to their services to protect sensitive business data.

Product Portfolio

China Mobile Limited, a telecommunications giant, offers a diverse product portfolio. Their innovative 5G network, reliable mobile services, and a wide range of smartphones cater to the ever evolving communication needs of millions. With a commitment to innovation, China Mobile Limited continues to connect people seamlessly.

Telstra Corporation, a leading telecom provider, boasts an impressive product portfolio. From high speed broadband to top notch mobile plans, they deliver seamless connectivity solutions. Telstra innovative technology, smart devices, and exceptional customer service keep individuals and businesses connected effortlessly.

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Segmentation Analysis of the B2B Telecommunication Market

By Solution:

Unified Communication and Collaboration
VoIP
WAN
Cloud Services
M2M Communication

By End User:

Small & Medium Enterprise
Large Enterprise

By Vertical:

BFSI
Healthcare
Media and Entertainment
Government
Energy and Utility
Retail
Transportation and Logistics
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
The Middle East & Africa

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Cellulose Fiber Market Projected US$ 5.2 billion by 2034., Fueled by Sustainability Demands

The global cellulose fiber market is poised for significant growth, with a projected increase in sales revenue from US$ 3.9 billion in 2024 to US$ 5.2 billion by 2034, reflecting a compound annual growth rate (CAGR) of 2.8%. This growth is driven by rising demand for sustainable and biodegradable alternatives to petrochemical-based fibers.

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Key Drivers of Cellulose Fiber Market Growth:

Environmentally Friendly Materials: Manufacturers are increasingly seeking eco-friendly and biodegradable fiber alternatives to reduce their environmental footprint. Cellulose fibers, derived from wood pulp or plant-based materials, offer a sustainable solution.
Booming Textile and Clothing Industries: The global textile and clothing industries are experiencing significant growth, creating a surge in demand for cellulose fibers widely used in these sectors.
Natural Fibers for Greener Industries: The rising preference for natural fibers in textiles and construction is a major factor propelling the market forward. Additionally, cellulose fibers offer exciting opportunities for agricultural practices through the use of natural fibers, oils, and resins in eco-composite engineering.
Advanced Applications: Cellulases applied to cellulose fibers enable applications like papermaking, improved drainage, and enhanced refinability. Bacterial cellulose materials are also gaining traction due to their ability to reduce discomfort and act as a biological barrier. These advancements contribute to the growth of the cellulose fiber for filtration market.
Integration in Modern Building Practices: Cellulose fibers play a crucial role in the building and construction industry, offering protection against external damage to structures.
Shift Towards Renewable Solutions: The textile and packaging sectors are increasingly adopting renewable solutions, further accelerating demand for cellulose fibers.

Challenges and Opportunities:

Price Fluctuations: One of the main challenges facing the industry is the volatility of raw material prices, which can constrain large-scale production.
Capital Intensity: The cellulose fiber sector requires significant capital investment and expertise, particularly for research and development activities aimed at creating new technologies.
Consumer Awareness: Limited consumer awareness regarding the benefits of cellulose fibers can hinder market expansion.

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Regional Market Analysis:

North America: The cellulose fiber market in the United States and Canada is expected to experience moderate growth, with a CAGR of 1.6% and 1.3% respectively, from 2024 to 2034. Government initiatives supporting bio-based products and rising demand for eco-friendly apparel in the textile industry are key growth factors.
Europe: Germany, France, the United Kingdom, Italy, and Spain present promising growth opportunities in Europe. Germany’s advanced manufacturing capabilities and focus on innovation position it as a leader in developing high-performance cellulose-based products. The UK’s commitment to reducing carbon emissions and promoting renewable resources creates a fertile ground for market growth and innovation. Similarly, France’s growing consumer demand for sustainable materials and supportive government regulations for bio-based products bode well for the market.

Competitive Landscape

The cellulose fibers market comprises some key players such as

Sappi group,
Birla Cellulose,
Tembec Inc.,
The Lenzing Group,
Thai Rayon Public Co. Ltd.,
Tangshan Sanyou Group Xingda Chemical fiber Co. Ltd.,
Fulida Group Holding Co., LTD.,
Ioncell,
Bacterial Cellulose Solutions,
Manasi Aoyang Technology Co. Ltd.

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Key Segments Profiled In the Global Cellulose Fiber Market Report

Cellulose Fiber Market by Process of Manufacturing:

Natural Cellulose Fiber
Plant-based
Cotton
Flax (Linen)
Jute
Wood-based
Animal-based
Alpaca-based
Silk-based
Manufactured Cellulose Fiber:
Semi-Synthetic
Rayon or Viscose
Modal
Synthetic
Nylon
Polyester

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Neuromorphic Chip Market Sees Explosive Growth, Projected to Reach US$ 10,810 Mn by 2026

The Neuromorphic Chip Market is expected to develop at an impressive CAGR of 20.7% from 2016 to 2026, generating a revenue potential of US$ 10,810 million. In 2015, the market was estimated to be worth US$ 1,420 million.

The development of neuromorphic processor technology is being propelled by the prospect of significant increases in processing speed, operational capability, and improved suitability for artificial intelligence applications.

The global market for neuromorphic chips is anticipated to be driven in the upcoming years by the enormous increase of these chips’ potential applications in sectors including machine learning, automotive, aerospace, and defence and military.

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In terms of incremental potential across the various geographical markets evaluated, the North American market is predicted to grow to be the most profitable over the course of the report’s prediction period. Due to the region’s thriving consumer electronics, aerospace, and automotive industries, growth opportunities are numerous. The region also boasts some of the world’s leading chipmakers and IT companies, making it the centre for technological advancements in the field of neuromorphic chips.

According to the analysis, the North American neuromorphic chip market will grow at a remarkable 19.7% CAGR from 2016 to 2026, creating a new opportunity worth US$2,300 million. If the projections are accurate, the market’s value will increase from US$400 million in 2015 to US$2,700 million by the end of 2026. To increase production and operational efficiency, several companies in the area are supporting the fusion of cutting-edge, new technology like neuromorphic processors with already-existing ones.

In the realm of unmanned drones, neuromorphic processors are being used in one of the most inventive ways. Drones are being evaluated for their ability to recognise any specific place they have previously visited by storing and retrieving information via neuromorphic chips.

The report divides the global market for neuromorphic chips into three application categories: signal recognition, data mining, and picture recognition. Aerospace and defence, automotive, healthcare, consumer electronics, and industrial are the main end-use sectors for neuromorphic devices that are addressed in the paper.

In the coming years, demand is anticipated to be encouraging across all of these end-use industries, with the automotive, defence, and aerospace sectors anticipated to continue leading the way in terms of neuromorphic chip adoption. In the automotive sector, neuromorphic processors in combination with signal processing technology may aid drivers in better comprehending their immediate environment and assisting them in making better decisions.

Over the course of the report’s projection period, other industries are predicted to aid the market’s growth at a promising rate by providing neuromorphic chips with additional growth prospects. The vendor landscape has begun to swell, and businesses have begun putting more of focus on strategic collaborations in order to solidify their position in the market and take advantage of emerging opportunities. IBM Corporation, Hewlett Packard Labs, HRL Laboratories, LLC, General Vision, and Intel Corporation are a few of the industry leaders at the moment.

Leading market players are planning to dominate the global and regional markets through new strategic tie-ups and innovations

IBM was awarded 7,355 patents in the US in 2015, putting it in the leading position for the 23rd consecutive year
Intel Corporation invested US$ 12.1 Bn in R&D in 2015. Such high R&D investments allow the company to develop leading proprietary technologies and attain a strong leadership position.
In September 2016, General Vision collaborated with Mando-Hella Electronics Corp. – a tier1 South Korean automotive systems manufacturer, to develop advanced driver assistance and monitoring systems integrated with NeuroMem technology, enabling advanced image recognition and multisensory pattern recognition
Hewlett Packard Labs focuses on transferring advanced technologies into innovative products to propel the company’s growth, maintain industry leadership and competitive advantage
HRL Laboratories focuses on widening its products portfolio reach into new application areas, which helps the company gain a competitive edge

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Global Neuromorphic Chip Market: Market Segmentation

By Application

Image Recognition
Signal Recognition
Data Mining
Others

By Vertical

Aerospace & Defence
Automotive
Consumer Electronics
Healthcare
Industrial
Others

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excl. Japan (APEJ)
Japan
Middle East & Africa (MEA)

Author:

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Simulation and Test Data Management Market: Driving Growth to Reach US$ 2.07 Billion by 2033

In 2023, the global simulation and test data management market is expected to be worth US$ 676.2 million. The market is expected to reach US$ 2,074.1 million by 2033, growing at a 12.1% CAGR from 2023 to 2033.

Lack of simulation file management may end in loss of information, which eventually results in the emergence of errors, which may extend the entire development procedure. In addition, due to significant information and documents being transmitted via email or folder sharing, there is a continual danger of data theft.

As a consequence, appropriate simulation and test management have gained substantial popularity among businesses in order to boost efficiency and corporate procedures. As a result, these components are anticipated to contribute to the development of the global simulation and test data management market over the forecast period.

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The integration of advances such as the Internet of Things (IoT), machine learning, and artificial intelligence (AI), among others, is anticipated to result in the emergence of simulation and test data management solutions with enhanced capabilities and performance. This is expected to create opportunities for growth in the near future.

Key Takeaways:

The simulation file management market is expected to grow at a 10% CAGR
Germany is expected to have a 6.50% market share in 2022.
Over the next few decades, China is expected to grow at a CAGR of 16.2%.
In 2022, the test data simulation software segment dominated, accounting for 44.3% of the market.
The test data simulation software segment dominated the market, accounting for 29.6% of the total in 2022.

“The rising demand for simulation data analysis and management to obtain perspectives is projected to propel the global simulation and test data management market over the forecast period,” says an FMI analyst.

Competitive Landscape

Major competitors in the simulation file management market use new solution introductions and strategic partnerships to increase their earnings.

In February 2021, HGL Dynamics released the Torsion Add-On 3.0 for universal testing systems. This system has been transformed to take benefit of the most recent HGL Dynamics 6800 Series functionality. It offers a more straightforward, secure, and intuitive user experience.
In October 2020, Razorleaf Corporation, an established PLM consulting and systems integrator, disclosed a strategic service collaboration with Ansys Inc. for the Minerva platform powered by Aras, a centralized simulation knowledge management application.

Key Companies Profiled – Siemens AG, ANSYS, Inc., Dassault Systèmes SE, HBK – Hottinger, Brüel & Kjaer, Hexagon AB, Instron, Zwick Roell Group, Dewesoft, ESI Group, DynamicSignals LLC, FEV Europe GmbH

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Simulation and Test Data Management Market by Category

By Solution:

Testing Systems
- Structural Durability Testing Systems
- Fatigue Testing Systems
- Data Acquisition Systems
- Others
Test Data Simulation Software
- Data Acquisition (DAQ) Software
- Integrated Simulation Software
- API Security Testing Tools
- Test Specimen Protect Software
- Others
Services
- Design & Engineering Services
- Consulting Services
- Training & Learning Services
- Support Services

By Enterprise Size:

Small & Medium Enterprises
Large Enterprises

By Industry:

Automotive
Aerospace & Defense
Healthcare
Building & Construction
Energy & Utilities
Electronics & Hi-Tech
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East and Africa

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Author:

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Plant-based Pet Food Market: Forecasted Growth at a CAGR of 9.2% Reaching New Heights by 2032

The plant-based pet food market is skyrocketing, set to hit US$ 57.43 billion by 2032 with a projected 9.2% CAGR from US$ 26.01

billion by 2022. This trend is driven by an increase in vegan pet owners and the humanization of pets, indicating a shift in animal preferences towards plant-based meals.

With a predicted CAGR of 9.2%, the market for plant-based pet food is expected to expand rapidly, from US$ 26.01 billion in 2022 to US$ 57.43 billion by 2032. The primary reasons for this increase include the humanization of pets, the rise in vegan pet owners who choose to offer plant-based diets to their animals, and the growing popularity of the vegan movement. Notably, plant-based pet food has outgrown traditional pet food in terms of market growth.

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The market for plant-based pet food is anticipated to develop at a predicted pace of 9.2%, reaching a valuation of USD 57.43 billion by 2032 and producing sales of USD 26.01 billion in 2022.The vegan movement, the humanization of animals, and the growing number of vegan pet owners who want to feed their animals a plant-based diet are what are driving the market for plant-based pet food. These are the driving forces behind the pet food industry’s growth in plant-based nutrition.

The plant-based pet food market is set to reach unprecedented heights, projecting a staggering $57.43 billion valuation by 2032, driven by a robust 9.2% Compound Annual Growth Rate (CAGR) from $26.01 billion in 2022. This surge is propelled by a surge in vegan pet owners and the increasing trend of humanizing pets, signaling a significant shift in animal dietary preferences towards plant-based nutrition.

Recent Market Developments:

In 2020, Aistra launched its plant-based pet food store in India, catering to the rising demand for healthy plant-based pet nutrition.
Global Food and Ingredients Inc. announced the acquisition of a cutting-edge plant-based pet food ingredients manufacturing facility in Bowden, Alberta, signaling a new era for GFI’s plant-Based Pet Food Ingredients business unit.

Key Segments:

By Nature: Organic, Conventional
By Product Type: Kibble/Dry, Dehydrated Food, Treats and Chews, Freeze-Dried Raw, Wet Food, Frozen
By Pet Type: Cat, Dog, Birds, Others (Rabbits, Hamsters, etc.)
By Distribution Channel: Store-based Retailing, Online Retailers
By Packaging Type: Pouches, Bags, Folding cartons, Tubs & Cups, Can, Bottles & jars

The market for plant-based pet food has grown more swiftly than the market for conventional pet food, according to FMI data. Vegan pet parents choose formulas created by certified dietitians that adhere to the same criteria as formulas that contain meat. The market for plant-based pet food is primarily being driven by rising pet adoption rates and consumer interest in vegan products, which encourages the creation of unique plant-based food products.

Customers’ desire to spend more for high-quality, premium plant-based pet food and goods is causing the industry to expand because they want to give their animals a better quality of life and better health. By informing consumers about ingredient sourcing, special processing techniques, functionality, and certifications, packaging claims and labelling can assist increase brand equity and confidence.

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Key Takeaways:

North America continues to lead the global plant-based pet food market, with the U.S. market projected to reach a valuation of $63 billion in 2022.
India’s plant-based pet food market is anticipated to capture over 38% of the South Asia market in 2022.
In the nature type category, conventional pet food dominates with a significant 5% market share in 2022, while the organic segment is expected to hold 23.4% in 2022.
Senior cats hold a remarkable 1% market share in the cats’ segment in the global plant-based pet food business in 2022.

Competitive Landscape:

The plant-based pet food market boasts multiple brands vying for dominance. Industry leaders are leveraging various strategies to expand their market share, with a particular focus on online presence, research and development, and facility expansions.

Recent Market Development

Aistra in 2020 recently launched its plant-based pet food store in India, after noticing a need for healthy plant-based pet food in the Indian market.
Global Food and Ingredients Inc. has announced to acquire a cutting-edge plant-based pet food ingredients manufacturing facility in Bowden, Alberta as well as the launch of GFI’s new plant-Based Pet Food Ingredients business unit.

Key Segments

By Nature:

Organic
Conventional

By Product Type:

Kibble/Dry
Dehydrated Food
Treats and Chews
Freeze-Dried Raw
Wet Food
Frozen

By Pet Type:

Cat
Dog
Birds
Others (Rabbits, Hamsters, etc.)

By Distribution Channel:

Store-based Retailing
Online Retailers

By Packaging Type:

Pouches
Bags
Folding cartons
Tubs & Cups
Can
Bottles & jars

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Cacao Beans Market Expansion: Projected Surge to US$ 26,392.2 Million by 2033

Thriving Predicted to Double Market Value from US$ 13,603.2 Million to US$ 26,392.2 Million, with a Startling 6.9% CAGR from 2023 to 2033. Interest in organic cocoa beans is fueled by the growing demand for healthier options, but manufacturing issues prevent supply from keeping up with demand.

Consumer Preferences Drive Demand: The escalating demand for organic cocoa beans, fueled by a global shift towards healthier choices, propels the cacao beans market. However, challenges in manufacturing hinder the supply from keeping pace with the soaring demand.

Recent Developments:

Hershey’s Strategic Acquisition: In June 2021, Hershey acquired Lily’s Sweets, a producer of low-sugar chocolate, aligning with its efforts to enhance its portfolio with healthier snacking options.
Southeast Asia’s Rising Demand: The demand for cocoa beans in Southeast Asia has surged significantly, outpacing the region’s farmers’ ability to meet this rising demand. This situation anticipates more international trade in the global cocoa bean market in the coming years.

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Consumer demands for healthier options are driving up demand for organic cocoa beans, but manufacturing issues are preventing supply from keeping up with demand.

Chocolate is expected to grow quickly in emerging nations because cocoa beans are increasingly frequently utilised in food processing and have health benefits. Sales of cocoa beans are also aided by the expanding popularity of chocolate in a wide range of tastes.

To meet the diverse markets’ demands for cacao-based goods, there must be a steady and long-term requirement for high-quality beans. Vertical corporate integration is common in cocoa-producing countries like Cameroon, with Barry Callebaut playing a prominent role.

Key Takeaways:

India’s Growth Spurt: The cacao bean market in India is anticipated to experience a substantial CAGR of 23.5% by 2033, driven by increasing consumer demand for premium chocolates and a preference for cacao-based products.
UK’s Sustainable Rise: The cacao beans industry in the United Kingdom is expected to witness moderate growth, with a CAGR of 3.8% by 2033, attributed to the rising popularity of artisanal chocolates and a growing emphasis on sustainable sourcing.
China’s Steady Incline: China’s cacao bean market is forecasted to grow steadily by 2033, projecting a CAGR of 4.8%. Factors such as the adoption of Western confectionery trends, rising disposable incomes, and a taste for high-quality chocolate contribute to this growth.
Australia’s Artisanal Surge: The expansion of the artisanal chocolate sector, increased awareness of the health benefits of dark chocolate, and the emergence of boutique chocolatiers are anticipated to drive Australia’s cacao beans industry, with a CAGR of 3.2% by 2033.
Japan’s Moderate Growth: The market for cacao beans in Japan is expected to expand moderately, with a projected CAGR of 2.6% by 2033. Rising demand for high-end chocolate, health-related cocoa trends, and the incorporation of cacao into traditional Japanese desserts fuel this growth.

Competitive Landscape:
Global market leaders such as Barry Callebaut, Cargill, Nestle, and Olam International dominate the cacao bean industry. These multinational players source cacao beans globally, ensuring a widespread supply chain for their products.

Price, quality, sustainability, and certifications are a few examples of the variables that affect the competitive dynamics in the market for cacao beans. Many businesses have adopted responsible sourcing procedures and obtained certifications like Fairtrade and Rainforest Alliance due to rising customer awareness of fair trade, organic agriculture, and environmental sustainability.

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Global Cacao Beans Market by Category

By Bean Type:

Forastero
Trinitario
Criollo

By Application:

Food and Beverages
- Bakery and Confectionery
- Beverages
- Dairy Products
- Syrups, Toppings and Fillings
- Other Applications
Pharmaceuticals
Cosmetic and Personal Care

By Nature:

Organic
Conventional

By Sales Channel:

B2B
B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Independent Grocery Stores
- Specialty Stores
- Online Retail

By Product Type:

Cacao Powder
Cacao butter
Paste/Liquor

By Voluntary Sustainability Standard (VSS):

UTZ Certified
Rainforest Alliance
Fairtrade International

By Region:

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

Recent developments

Hershey purchased Lily’s Sweets, a producer of low-sugar chocolate, in June 2021 as part of its efforts to increase the number of healthier snacking brands in its product lineup. Cynthia Tice started the business so she could use stevia to sweeten conventional chocolate delights.
The demand for cocoa beans in Southeast Asia has increased dramatically. The region’s cocoa farmers, however, are unable to meet the product’s rising demand. As a result, more international trade is anticipated to occur in the global cocoa bean market in the upcoming years

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Tempeh Market Expansion: Projected to Reach a Valuation of US$ 6.8 Billion by 2033

From 2023 to 2033, the global tempeh market is predicted to rise at a 5% CAGR and are predicted to reach around US$ 6.8 billion by 2033. The growing popularity of plant-based diets, greater knowledge of tempeh’s health advantages, and rising demand for convenient and healthy food options are driving the market. Tempeh is a fermented soybean product that is high in protein and low in fat. It is a versatile component that may be used in a wide range of meals, such as stir-fries, curries, and salads. The growing number of tempeh brands and products accessible in supermarkets and online retailers is projected to further propel the industry.

Customers feel that consuming tempeh and following a plant-based diet would improve their health and the environment, thus, demand for these products is quickly growing. Compared to tofu and other plant-based proteins, tempeh is a more expensive food. This could make it less appealing to some customers. The demand for plant-based foods like tempeh is rising as the world’s vegan population is expanding quickly. Vegans and vegetarians frequently choose tempeh because it is a rich source of protein and other nutrients.

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Key Takeaways

Germany Leads with Strong Growth: Germany establishes itself as a significant player in the international market, with a strong 5.9% value share in 2022.
India Advances: The Indian tempeh market has shown extraordinary growth, and in 2022 it will hold a sizeable 14.1% value share, indicating enormous potential and opportunity.
Stable Performance in the United Kingdom: With a respectable 5.4% value share in 2022, the U.K. retains a strong presence in the tempeh market, demonstrating stability and continuous development.
China’s potential Position: Thanks to its substantial customer base, China is likely to hold a 4.4% value share of the worldwide tempeh market in 2022, indicating potential growth prospects.
Australia and Japan Display Resilience: The market for tempeh in Australia (2.6%) and Japan (3.6%) is expanding steadily, demonstrating the countries’ resilience.

Competitive Landscape

Many small and major businesses are vying for market share in the fiercely competitive tempeh market. In the upcoming years, there will still be fierce rivalry in the tempeh industry. The rising demand for tempeh and the rising number of businesses joining the market are to blame for this. Businesses with distinct product offerings and excellent customer support are more likely to succeed in the marketplace.

Tempeh Queen:

Tempeh Queen: Based in Portland, Oregon, Tempeh Queen is a small, independent tempeh manufacturer. In 2009, two friends who were passionate about producing tasty and environmentally friendly tempeh launched the business. To make its tempeh, Tempeh Queen employs organic soybeans and a conventional fermenting method. Additionally, the business sells a range of tempeh items, such as burgers, crumbles, and skewers.

Noble Bean:

Since 1994, Noble Bean, a Canadian business, has been making tempeh. The business offers its goods in both the US and Canada. Noble Bean is renowned for producing premium tempeh using organic soybeans and a time-honored fermentation method. Additionally, the business sells a range of tempeh items, such as burgers, crumbles, and strips.

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Small World Foods:

A company called Small World meals makes a range of vegan meals, including tempeh. Two friends who were passionate about creating wholesome and sustainable food launched the business in 1989. To make its tempeh, Small World Foods uses organic soybeans and a conventional fermentation procedure. Additionally, the business sells a range of tempeh items, like as burgers, crumbles, and dogs.

Gardein:

Tempeh is one of the many plant-based foods produced by the firm Gardein. Two friends who were passionate about creating wholesome and sustainable food launched the business in 1995. To make its tempeh, Gardein employs organic soybeans and a conventional fermentation procedure. The business also sells a range of tempeh items, such as meatballs, nuggets, and breakfast burgers.

Recent Developments

Several new tempeh products have been introduced in recent years by well-known food manufacturers like Lightlife, Tofurky, and Amy’s Kitchen. This is a sign that the tempeh market is maturing and that consumer interest in tempeh products is rising.
The popularity of recipes and foods made using tempeh has increased recently. This is a result of tempeh’s rising popularity and the expanding selection of tempeh recipes available online and in cookbooks.

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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The Global Mass Notification Systems Market is anticipated to grow significantly at an 18.7% CAGR:FMI

A compound annual growth rate (CAGR) of 18.7% is projected for the mass notification systems market between 2023 and 2033. A valuation of US$ 68.8 billion is projected by the conclusion of the aforementioned assessment period.

The threat posed by extreme terrorism has increased recently. Numerous school shootings constitute acts of domestic terrorism, and the 9/11 assault has increased awareness of emergency notification systems around the world. Emergency warning and mass notification systems are becoming more and more crucial in spreading awareness, disseminating information, and saving lives as terrorist attacks increase in frequency.

There is a greater need for mass notification systems now that thousands of people have been affected by recent crimes and terrorist attacks.During the forecast period, this factor is expected to drive the adoption of mass notification systems.

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Key Takeaways from the Mass Notification Systems Market Report:

The global market for mass notification systems is estimated at US$ 10.4 billion in 2022
The most appealing segment, with an estimated market share of 43.2%, is the mass notification systems emergency notification platform.
The market for mass notification systems is projected to be worth US$ 68.8 billion by 2033.
North America has been the most attractive market in the last five years, with the US expected to account for 85.5% of the market in 2023.
China and India were appraised at US$ 641.1 million and US$ 334.9 million in 2022, respectively, and are expected to grow at 19.7% and 29.9% CAGRs through 2033.

“The mass notification systems market continues to witness robust growth, driven by escalating demand for real-time communication and emergency management solutions. It is poised for significant expansion, propelled by the increasing need for swift and efficient dissemination of critical information across diverse industries. This comprehensive market research study delves into key trends, market dynamics, and emerging opportunities, providing invaluable insights for stakeholders navigating the evolving landscape of mass notification systems.” – says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Competitive Landscape:

Some of the market’s most powerful competitors are investing in studies and research (R&D) to facilitate the provision of a diverse range of leather manufactured in a variety of colors and materials for a variety of applications. Companies hope that by doing so, they will be able to keep up with the changing environment. For instance,

Genasys Inc., a leading global innovator in critical communications systems and solutions that help people stay safe, declared a new Incorporated Mass Notification System (IMNS) a way for a large outdoor vacation spot in April 2023.

Motorola Solutions disclosed in December 2022 that it had acquired Rave Mobile Safety, a leader in mass notification and incident administration that assists organizations and public safety institutions in communicating and collaborating during situations of emergency.

Leading Key Players:

Eaton Corporation Inc.
Honeywell International Inc.
Johnson Controls
Bosch Limited
Siemens
Everbridge
Motorola Solutions, Inc.
AtHoc, Inc.
AFA Protective Systems, Inc.
Alertus Technologies, LLC
American Signal Corporation

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Mass Notification Systems Market Segmentation:

By Component:

Mass Notification Systems Hardware
Fire Alarms
Public Address Systems
Alert Beacons
Duress Systems
Others
Emergency Notification Platform
Mass Notification Systems Services
Installation & Deployment
Support & Maintenance
Warning System Designing
Emergency Response Services

By Solution:

In-Building
Wide-Area
Distributed

By Application:

Emergency & Crisis Notification
Business Continuity and Disaster Recovery
Business Communication & Operations
Others

By Industry:

Military & Defense
Government & Public Sector
Industrial
Commercial
Event & Sports Venues
Critical Infrastructures
Others

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Author:

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Revolutionizing Manufacturing: Smart Factory Market Set to Triple in Size by 2033

The smart factory market is expected to increase in size from USD 140.7 Bn in 2023 to USD 388.7 Bn by 2023. This market is anticipated to climb at a fantastic CAGR of 10.7% throughout the projected period.

Owing to the increased acceptance of intelligence technologies across a variety of industries, smart factories have become increasingly popular in recent years. During the forecast period, the manufacturing sector’s increased use of technology is anticipated to enhance the market for smart factories.

Moreover, the rising industrial robot adoption and the development of the Internet of Things are also expected to push market expansion. The emergence of Industry 4.0 and the usage of intelligent devices to carry out repetitive and tiresome tasks will enhance the development prospects for the market for smart factories.

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The Internet of Things (IoT), machine learning (ML), artificial intelligence (AI), and other technologies will all contribute to the market for smart factories growing more quickly. In such developments, collaborations and research and development efforts will contribute to accelerating the market growth for smart factories.

Industrial automation solutions are offered by several organizations for various processes and distinct sectors. Utilization of high-tech equipment and tools has increased, highlighting both production and technical advancements.

An environmentally friendly, energy-efficient, and smart factory helps increase efficient output. As a result, throughout the projection period, the accompanying advantages are anticipated to encourage businesses to use smart manufacturing approaches.

North America is likely to lead the smart factory market over the forecast period. This rise can be linked to an increase in government initiatives for IoT technology development. Moreover, there is a growing focus on boosting manufacturing output in nations like the US and Canada.

KEY TAKEAWAYS

The market for smart factories in the United States is anticipated to grow at a CAGR of 11.8% through 2033.
With a CAGR of 10.7%, the United Kingdom smart factory market is expected to grow significantly during the forecast period.
With a CAGR of 8.8% throughout the research period, Japan is predicted to grow rapidly in the market for smart factories by 2033.
The smart factory market in China is expected to grow at a CAGR of 8.6% over the forecast period.
With a CAGR of 10.4% throughout the research period, the market for smart factories in South Korea is anticipated to increase speedily.
The software category of the smart factory market’s component segment is predicted to develop at a CAGR of 10.6% through 2033.
In the market for smart factories, the discrete industry section of the end-user category is estimated to showcase a CAGR of 10.6% over the forecast period.

COMPETITIVE LANDSCAPE

Key companies in the smart factory market are ABB Ltd., Siemens AG, Schneider Electric SE, Rockwell Automation Inc., General Electric Company, Johnson Controls International PLC, Yokogawa Electric Corporation, Honeywell International Inc., SAP SE, Oracle Corporation, IBM Corporation, Cisco Systems Inc., Microsoft Corporation, Kollmorgen and others.

These companies have used a few techniques to improve their market share in the smart factory sector. To increase their clientele and revenue, they have used both organic and inorganic development techniques, including new product releases, acquisitions, corporate expansions, and partnerships.

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RECENT DEVELOPMENT

In March 2022, the industrial control platform Movicon.NExT 4.1.33 has been updated by Emerson Electric Company with MT Connect. It has the potential to boost productivity while reducing downtime and improving efficiency.
In October 2020, together with Microsoft, Rockwell Automation created market-ready, integrated solutions that support industrial clients in becoming more digitally agile. The two companies will work together for five years to create cutting-edge edge-to-cloud solutions that combine data from the development, operations, and maintenance teams through a single trusted data environment.

Key Segments Of Smart Factory Industry Survey

Smart Factory Market By Component:

Smart Factory Hardware
- Sensors
- Industrial Robots
- Machine Vision Systems
- Industrial 3D Printing
Smart Factory Software
- Human Machine Interface
- Product Life Cycle Management
- Distributed Control System
- SCADA
- ERP
- Others
Smart Factory Services
- Integration & Deployment
- Consulting
- Support & Maintenance

Smart Factory Market By End User:

Discrete Industry
Process Industry

Smart Factory Market By Industry Vertical:

Smart Factories for Automotive
Smart Factories for Aerospace & Defence
Smart Factories for Electrical & Electronics
Smart Factories for Food & Beverages
Smart Factories for Energy & Utilities
Smart Factories for Healthcare & Pharmaceuticals
Others

Smart Factory Market By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa (MEA)

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani