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Yogurt Market Poised for Rapid Expansion with 5.9% CAGR from 2023 to 2033

The global yogurt industry is anticipated to surge from US$ 44,808.5 million in 2023 to US$ 79,147.2 million in 2033. It is anticipated to expand rapidly between 2023 and 2033, with a CAGR of 5.9%.

Yogurt’s nutritional benefits, which include the reduction of type 2 diabetes, colon cancer, and osteoporosis risk, are expected to drive growth on a global scale. It can also help promote good digestion and strengthen the immune system.

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Sales are expected to be boosted in the medium term by elements including accessibility of a wide range of tastes, awareness of yogurt’s nutritional content, and surging public awareness of the significance of a healthy diet. This is further motivating producers to focus on creating goods with unique flavors and health advantages.

Yogurt can also be found fortified with extra vitamins and minerals, making it a nutritious snack option. Recipes frequently incorporate yogurt to add taste and texture. It can be used as a taco or salad topping, as well as a substitute for sour cream or mayonnaise in dips.

Protein shakes and cereal bowls both frequently contain yogurt. Yogurt comes in a wide range of tastes, including savory flavors such as ranch and buffalo, as well as fruity and sweet ones. Yogurt sales will increase during the projected period, according to Future Market Insights, as online platforms quickly supplement in-store purchases.

Demand for yogurt is rising along with the desire for portable snacks. Yogurt manufacturers strive to advance their industries and make goods with consistent, superior potencies at affordable prices by developing new technology.

Key Takeaways from Yogurt Market Study

The USA yogurt market is anticipated to remain dominant with 4% of the global market share during the estimated time frame.
The global yogurt industry witnessed growth at a CAGR of 4% between 2018 and 2022.
China yogurt market is predicted to reach a valuation of US$ 2,643.7 million by 2033.
India yogurt industry is anticipated to expand at a significant CAGR of 9% over the forecast period.
The United Kingdom yogurt market is set to register a lucrative CAGR of 1% in the next ten years.

“Due to significant demand for low-fat, low-sugar desserts, the yogurt market is anticipated to surge during the forecast period. Macroeconomic factors such as rising need for ice cream alternatives among kids and high health consciousness might have a positive impact on the market,” says a lead analyst at Future Market Insights.

Competitive Landscape: Yogurt Market

Due to the presence of several local and regional competitors, the yogurt industry is extremely fragmented and competitive on a global level. Key companies are using a variety of marketing tactics such as partnerships, purchases, mergers, and collaborations to stay on top. Stakeholders in the yogurt sector are more interested than ever in sustainability and certification.

For instance,

The new Silk Greek yogurt was presented by Danone, a French multinational food products company in August 2021. There are four flavors to choose from: lemon, vanilla, blueberry, and strawberry. The business hopes to provide its clients with plant-based yogurt options with this launch.

Get More Valuable Insights into Yogurt Market

In its latest offering, Future Market Insights offers a thorough study of the yogurt market, covering historical demand data (2018 to 2022) and forecast data from 2023 to 2033.

The study provides compelling insights into the global yogurt market based on product type (yogurt drinks, Greek yogurt, set yogurt, frozen yogurt), distribution channel (hypermarkets, retailers, convenience stores, specialist retailers), and region.

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Yogurt Market Outlook by Category

By Product Type:

Yogurt Drinks
Greek Yogurt
Set Yogurt
Frozen Yogurt

By Distribution Channel:

Hypermarkets
Retailers
Convenience Stores
Specialist Retailers

By Region:

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

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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 5000 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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Electric Linear Actuator Market Surpasses US$ 20 Billion, Projected to Reach US$ 34 Billion by 2032

In 2022, the global sales market for electric linear actuators was valued at $20.5 billion. Over the next ten years (2022-2032), the global electric linear actuator market will grow at a 5.3% CAGR. The global market size is expected to be over $34.3 billion.

DC electric linear actuators will continue to be the best-selling category through 2032. According to Future Market Insights, the target category will grow at a 5.2% CAGR from 2022 to 2032.The worldwide market is being driven by rising demand for industrial, commercial, and medical applications. Growing need for automation and robotics will drive up demand for electric linear actuators.
Electric linear actuators are becoming increasingly used in robotics and industry automation.

Electric linear actuators are used because they offer the user better precision and more consistency. Rising penetration of automation in the manufacturing of automobiles is likely to boost sales through 2032.

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Today, more and more automotive manufacturers are using automation and robotics. Robots perform procedures such as spot welding, clamping and fixing, and assembly pressing.

High adoption of robotics in automotive industry will propel electric linear actuator demand. This is because they have become crucial components of robots.

The most common type of electric linear actuator used is the DC electric linear actuator. There is a wide variety of industries that make use of DC electric linear actuators. One of the leading industries that use DC linear actuators is the aerospace industry.

The aerospace industry makes use of DC electric linear actuators in aircraft systems such as landing gear, flaps, and slats to control the movement of the aircraft.

Hence, rising demand for automation in aerospace & automotive sectors will boost the market. Further, increasing usage of electric linear actuators in medical devices and agricultural equipment will bode well for the market.

Key Takeaways from the Electric Linear Actuator Market Report:

Global electric linear actuator sales are set to soar at 5.3% CAGR over the next ten years.
Based on type, DC electric linear actuators segment is forecast to expand at 5.2% CAGR.
By application, industrial segment will rise at 5.1% CAGR between 2022 and 2032.
The United States electric linear actuator market will exceed a valuation of US$ 5.4 billion by 2032.
Demand for electric actuators in China is set to surge at 6.7% CAGR over the next decade.
Japan electric linear actuator market size will reach US$ 5.3 billion by 2032.
Sales of electric linear actuators in South Korea will rise at 5.7% CAGR through 2032.

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“High penetration of automation and robotics will boost electric linear actuator demand. Hence, key market players are expanding their portfolios to gain maximum profits.” Says a lead Future Market Insights analyst.

Who is Winning?

Parker Hannifin, SKF, Helix Linear Technologies, Linak, Tolomatic, Moteck Electric, Timotion Technology, Altra Industrial Motion Corp., Moog Inc, and Dewertokin are few leading manufacturers of electric linear actuators.

These companies are aiming at developing novel electric linear actuators for specific applications. They are also adopting mergers, partnerships, collaborations, and acquisitions to expand their presence and expertise.

Global Electric Linear Actuator Segmentation:

By Type:

DC Electric Actuators
AC Electric Actuators

By Application:

Industrial
Medical
Commercial

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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.

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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Digital Stethoscope Market Growth at 5.7% CAGR, Reaching US$539.6 Million by 2034

The digital stethoscope market with substantial growth potential; by 2034, its estimated valuation will be US$539.6 million. This amounts to a moderate cumulative annual growth rate (CAGR) of 5.7% starting in 2024, indicating that healthcare professionals are becoming more and more interested in innovative medical equipment.

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This surge in demand for digital stethoscopes can be attributed to several key factors:

Rising Adoption of Digital Tools in Healthcare: Medical professionals are increasingly embracing digital equipment to streamline examination processes, making digital stethoscopes a favorable choice.
Growing Prevalence of Chronic Diseases: With no letup in respiratory and cardiovascular disease rates, digital stethoscopes are proving a valuable tool alongside traditional models to meet the rising need for examinations.
Expanding Geriatric Population: The ever-growing geriatric population is driving the demand for digital stethoscopes in healthcare facilities.
Enhanced Diagnostic Capabilities: Digital stethoscopes amplify and clarify heart sounds, offering improved diagnostic capabilities for medical professionals compared to traditional stethoscopes.
Increased Functionality: Digital stethoscopes boast superior functionality compared to traditional models, enabling faster detection of conditions like atrial fibrillation.

Key Takeaways:

The digital stethoscope market is estimated at US$310.0 million in 2024 and is projected to reach US$539.6 million by 2034, growing at a CAGR of 5.7%.
Rising adoption by healthcare professionals seeking smarter examination methods is a key driver.
Increasing prevalence of respiratory and cardiovascular diseases is fueling demand for advanced diagnostic tools.
Growing geriatric population creates a larger patient base for examinations using digital stethoscopes.
Enhanced functionalities like sound amplification, recording, and improved detection capabilities make digital stethoscopes a compelling choice.

Competitive Landscape in the Digital Stethoscope Market:

A small number of trustworthy businesses control a sizable portion of the industry. There is still space in the market, nevertheless, for small and medium-sized businesses to grow. There’s a lot of startup culture in the market, and these companies want to stand out from the competition by offering unique items.

Like other businesses in the healthcare space, companies involved in the digital stethoscope market aim to work together with other medical companies in order to broaden their market reach. For a significant number of market participants, acquisitions and mergers are also components of their strategy.

Recent Developments in the Digital Stethoscope Market

In a study published in November 2023, it was posited that AI-enabled digital stethoscopes could be used to detect peripartum cardiomyopathy in pregnant women.
In September 2023, FIGS, Inc. and Eko Health Inc. joined forces to launch the FIGS | Eko CORE 500 Digital Stethoscope. The stethoscope boasts of having unrivaled noise filtration and clarity of sounds picked from hearts and lungs.
In October 2022, Ai Health Highway India launched the AiSteth digital stethoscope. The digital stethoscope was developed with the aim of making the work of medical professionals in rural areas easier.
In April 2022, the Centre for Development of Advanced Computing (C-DAC) in India launched a wireless electronic stethoscope. The stethoscope allows doctors to remotely examine patients.

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Key Companies in the Digital Stethoscope Market:

FarmaSino Pharmaceuticals
Contec Medical Systems
Hefny Pharma Group
Eko Health Inc.
3M
Think Labs Medical LLC
TeleSensi
American Diagnostics
EKuore
Hill-Rom

Key Segments:

By Product Type:

Amplifying Stethoscope
Digitalization Stethoscope

By Technology:

Integrated Chest-Piece System
Wireless Transmission System (Bluetooth)
Integrated Receiver Head-Piece System
Numerical Simulation and System Integration

By End User:

Hospitals
Clinics
Healthcare Institutes & Organizations
Home Care Settings
Others

By Region:

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

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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Blow-fill-seal Equipment Market to Reach at a US$ 2.9 Billion by the End of 2033 | FMI

The global blow-fill-seal equipment market is estimated to be around US$ 2.2 billion in 2023. The market is anticipated to register a CAGR of 3.3% from 2023 to 2033. The worldwide demand for blow-fill-seal equipment, in terms of value, is expected to reach US$ 2.9 billion by 2033.

Rapid development in the global packaging industry has triggered the use of bow-fill-seal equipment and technology for pharmaceuticals and food & beverage packaging. The unique ability of BFS equipment to pack formulated drugs in a clean and sterilized environment boosted the demand from these two sectors during the pandemic years.

Demand for BFS equipment surged during the pandemic years of 2020 and 2021 with the growing demand for hygienic and contamination-free packaging. Following the outbreak of COVID-19, consumers became increasingly conscious regarding the packaging of food and beverage products, leading to higher adoption of BFS equipment.

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The pharmaceutical segment is projected to contribute over 90% of sales in the global blow-fill-seal equipment market. The unique ability of BFS equipment to pack formulated drugs in a clean environment, without any human interference is projected to fuel market growth. Countries such as India and China extensively ordered the BFS equipment to ensure the drugs are used once through this packaging format.

“Rising demand for aseptic drug delivery has bolstered the need for prefilled syringes and injectables. To enhance the drug’s shelf life and efficacy, healthcare companies are adopting BFS technology, propelling sales of blow-fill-seal equipment,” says an analyst at FMI.

Key Takeaways from the Blow-Fill-Seal Equipment Market Study

The United States is the leading market in the adoption of blow-fill-seal equipment and is poised to advance at 2.3% CAGR through 2033.
In Europe, the United Kingdom could witness higher adoption of blow-fill-seal equipment, advancing at 3.5% CAGR.
In Asia, China is recognized to be the most lucrative market for blow-fill-seal equipment, and sales are expected to rise at a CAGR of 5.1% through 2033.
India is another remarkably emerging market for blow-fill-seal equipment in Asia, with an annual growth rate for blow-fill-seal equipment pegged as high as 5.7% through 2033.

Competitive Landscape for the Blow-fill-seal Equipment Market

Due to the presence of a large number of market players providing blow-fill-seal (BPS) packaging machines, the overall market tends to be highly fragmented and diversified. Leading blow-fill-seal equipment industry players are employing market strategies to scale their business, including mergers and acquisitions, joint ventures, and distribution channel diversification.

Several end users requiring efficient packaging still use blow-fill-seal equipment and technology to ensure product safety, especially in the food & beverage and pharmaceutical industries. On top of that, increasing consumption of soft drinks and milk products is expected to create a conducive environment for the BFS equipment market.

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Recent Developments in the Blow-fill-seal Equipment Industry

Woodstock Sterile Solutions developed a new system technique and cold BFS packaging that can help reduce the temperature effect on molecules, including biologics. The Leading blow-fill-seal (BFS) manufacturing company received a patent for this new technique in the United States in December 2021.
Leading packaging solutions company AR Packaging purchased Kroha, which makes cartons and folding pamphlets in Germany, in November 2020. AR Packaging Company aims to concentrate more on healthcare packaging across European countries as a result of this purchase.
A renowned packaging firm called Coveris, which is based in the United States, purchased Plasztik-Tranzit Kft in March 2020. The acquisition aims to increase the company’s capabilities for blow-fill-seal packaging in the food, medical, and film industries while producing flexible packaging solutions.

Blow-fill-seal Equipment Market by Category

By Production Capacity:

Up to 5,000 containers/hr.
5,000-10,000 containers/hr.
Above 10,000 containers/hr.

By Product Type:

Bottles
Ampoules
Vials
Prefilled Syringes & Injectable

By End-use Industry:

Pharmaceuticals
Food & Beverage
Cosmetics & Personal Care
Other End-use Industries

By Regional Markets:

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

About Future Market Insights Inc. (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

Inkjet Printers Market is Expected to Reach at a US$ 11.6 Billion by 2033 | FMI

The global inkjet printers market is anticipated to reach a valuation of US$ 59.1 billion in 2023, driven by growing demand for UV-curable inks. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 6.7% between 2023 and 2033, and reaching a total valuation of approximately US$ 113.1 billion by 2033.

One of the primary factors driving the growth of the inkjet printers market include the continuous technological advancements in inkjet printing technology. Inkjet printers have witnessed remarkable improvements in printing speed, print quality, and versatility. Advanced printhead technology, higher resolution capabilities, and the ability to print on a wide range of substrates have expanded the application scope of inkjet printers. The advancements are expected to drive the adoption of inkjet printers in industries such as advertising, packaging, textiles, and signage.

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A significant factor contributing to market growth is the growing demand for digital printing. There is a rising need for printers that can deliver high-quality prints with shorter turnaround times and customization options, with the shift from traditional analog printing methods to digital printing. Inkjet printers, with their ability to produce vibrant colors and precise details, are well-suited for digital printing applications. They offer cost-effective printing solutions for small to medium print runs and find extensive usage in various industries, including advertising, publishing, and packaging.

The increased adoption of inkjet printers in industrial printing applications is also accelerating market growth. Industries such as pharmaceuticals, food and beverage, and logistics require efficient and reliable printing solutions for product labeling, coding, marking, and packaging. Inkjet printers offer the capability to print variable data, including barcodes, QR codes, and serial numbers, on different substrates. The versatility makes them highly valuable in industrial applications where accuracy and durability are crucial. As the demand for industrial printing solutions continues to rise, the inkjet printers market is expected to witness substantial growth.

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Key Takeaways from the Market Study

Global inkjet printers market was valued at US$ 55.4 billion by 2022-end.

From 2018 to 2022, the market demand expanded at a CAGR of 5.9%.
China is expected to hold a dominant CAGR of 7.7% during the forecast period.

By printer type, the large format printers segment is expected to constitute a CAGR of 6.6% in 2033.
On the basis of end-user industry, the institutional segment is expected to dominate the market with a CAGR of 6.5% in 2033.

From 2023 to 2033, inkjet printers market is expected to flourish at a CAGR of 6.7%.
By 2033, the market value of inkjet printers is expected to reach US$ 113.1 billion.

Rising popularity of eco-friendly printing solutions, across the globe is a major factor that is expected to propel the growth of the inkjet printers market in the near future, remarks an FMI analyst.

Competitive Landscape

Prominent players in the inkjet printers market are HP Inc., Canon Inc., Seiko Epson Corporation, Domino Printing Sciences plc, Brothers Industries Ltd., Hitachi Industrial Equipment Systems Co., Ltd., Inkjet Inc., Xerox Corporation, Videojet Technologies, Inc., Markem-Imaje Corporation, and Lexmark International, Inc., among others.

Recent Developments

In 2020, Epson introduced the SureColor P-Series printers, including the SureColor P7570 and P9570, featuring advanced PrecisionCore printhead technology and UltraChrome PRO12 pigment ink for professional photo and fine art printing.
In 2020, HP introduced the HP Stitch S1000, a dye-sublimation printer designed for textile and soft signage printing, offering fast production speeds and vibrant colors.
In the same year, Canon introduced the imagePRESS C165, a compact inkjet color press with high-quality output and versatile media handling capabilities.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global inkjet printers market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the inkjet printers market, the market is segmented on the basis of printer type (single functional printers, multi-functional printers, large format printers, industrial inkjet printers, textile inkjet printers, and inkjet press), by technology type (continuous inkjet, and drop on demand), by substrate (plastic, metal, paper, fabric, ceramic, and others), and by end-use industry (consumer, institutional, and industrial), across five major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).

About Future Market Insights Inc. (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

Manufacturers Adopt Sustainable Practices to Offer PVDC Coated Films for Premium Packaging Protection of Goods.

The global PVDC coated film market is estimated to capture a valuation of US$ 9.6 billion in 2023 to reach up to US$ 13.1 billion by 2033. The global market is likely to register a CAGR of 3.1% during the forecast period.

Trends in the PVDC Coated Film Market

Eco-friendly Packaging: Consumers are looking for sustainable packaging materials for high-quality product protection, fueling the market trends. Manufacturers are exploring to satisfy consumers’ requirements by offering biodegradable PVDC coated films.

Advanced Barrier Coatings: The rising research and development activities are improving packaging solutions are increasing the demand for PVDC coated film. These films enhance moisture and protect from oxygen and environmental impacts.

Innovations: Manufacturers and key players bring innovative ideas to change packaging formats and offer eye-catching and user-friendly products to attract consumers. They are offering unique designs, shapes, and sizes of packaging solutions to boost sales.

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Digital Printing Technology: The increasing demand for advanced digital printing solutions is enhancing the packaging sector. Manufacturers are designing compatible and high-quality solutions to improve personalized packaging designs.

Cost-effective Solutions: Consumers are looking for budget-friendly packaging solutions, and excellent barrier films are increasing the adoption of PVDC coated films.

Diversification Supply Chain: Manufacturers are expanding their reach by supplying a wide range of PVDC coated films to diverse applications around the globe.

E-commerce Packaging: The rapidly increasing e-commerce sector is surging the demand for PVDC coated films to ensure the quality and safety of products. E-commerce relies on the packaging of products to deliver to customers’ residences, increasing the demand for premium packaging solutions.

Regulations: Food & beverages and pharmacies are ensuring the safety of food items and medical products by accepting a variety of PVDC coated films. They are following stringent regulations to adopt high-quality materials for packaging solutions to maintain the quality of products.

Recycling: The increasing recycling process to reduce waste and improve environmental corrosion is driving the market growth.

“The packaging industry is maintaining its standards by offering high-quality packaging solutions to end users. They are protecting the environment through their advanced technologies to recycle and reuse packaging products with advanced material usage,” says an FMI Analyst.

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Key Takeaways:

The PVDC coated film marketis registering a CAGR of 3.1% between 2023 to 2033.
The United States is expected to register a CAGR of 2.2% by dominating the global market by 2033.
Canada is anticipated to capture a CAGR of 3.3% of the global market by 2033.
India is anticipated to register a CAGR of 5.9% in the global market by 2033.
China significantly drives the global market with a CAGR of 5.4%.
With a CAGR of 4.8%, Thailand is rapidly advancing in the global market.
The food sector is estimated to lead the global market during the forecast period.

Key Players are Bringing Lucrative Opportunities in the PVDC Coated Film Market

The global market is highly fragmented by numerous prominent players investing heavily in research and development. They are offering cost-effective and versatile products to their consumers to gain popularity in the market.

Key players are uplifting the global market through various marketing methodologies such as mergers, collaborations, product launches, agreements, and partnerships.

About Future Market Insights Inc. (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

Creating a Unified Supplier Network with Browser-based Label Printing Builds Opportunity for the Label Applicators Market

The global label applicators market witnessed a CAGR of 2.7% during the historic period with a market value of US$ 2,816.6 million in 2022 from US$ 2,531.6 million in 2017.

According to Future Market Insights (FMI) research, during the projected period, the global label applicators market is expected to surge at a CAGR of 4.3%. The market value is projected to increase from US$ 2,959.6 million in 2023 to US$ 4,489.5 million by 2033.

The global label applicators market was valued at US$ 2,816.6 million at the end of 2022 and is anticipated to exhibit Y-o-Y growth of 5.1% in 2023.

Label applicators are used to apply labels to products, containers, or packaging materials. These range from manual tools for small jobs to highly automated systems for industrial mass production. Labels can include key product information, branding elements, barcodes, QR codes, and regulatory compliance details.

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Manufacturers are looking for approaches to improve supply chain visibility and traceability, automate and control quality to conserve resources, and easily adjust to supply chain disruptions.

Businesses can create a simple, streamlined printing interface via a web browser and can be protected with a username and password. Each supplier can only access authorized labels allotted to them. With a consistent supplier labeling system, companies have a much inferior risk of mislabeling by suppliers and benefit from ultimate traceability with the capability to report all past label changes.

Operating directly with suppliers constructs a more interconnected supply chain and diversification of those suppliers is another way manufacturers avoid supply chain and inventory problems. An integrated network of suppliers enables the rapid addition of new suppliers without burdening the IT team with bottlenecks caused by disparate label management systems.

Key Takeaways of Label Applicators Market

By automation, automatic is anticipated to expand 8X times the current market value by 2033 and create an absolute incremental opportunity of US$ 1,540.1 million.
By end use, the beverage segment is anticipated to surge at a CAGR of 9% gaining incremental opportunities of US$ 500.1 million till 2033.
The pharmaceutical segment is expected to hold 7% by the forecast year 2033 and the segment is likely to grow further in the future.
By region, East Asia is projected to gain a CAGR of 3% in the forecast years offering an incremental opportunity of US$ 351.6 million.
South Asia and the Pacific are anticipated to clock a CAGR of 2% from 2023 to 2033, generating revenues of US$ 875.4 million by 2033.

“The trend of replacing manual labor with cobots is very evident in the global market. Companies developing complete labeling solutions including manufacturing and warehouse automation, robotics, barcoding, and RFID systems. Digital embellishment has become an important part of label application for alcoholic beverages and luxury items to enable brands to engage with customers.” – says a lead FMI analyst.

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Need for Increased Accuracy & Throughput of Labelling Machines Supplements Growth

The challenge for labeling machines is to apply labels accurately and maintain accuracy even at high pack speeds. Packs must be labeled and placed with a high level of accuracy that is reproducible across thousands of units.

A key USA label applicator OEM upgraded the motion control of its applicator to increase throughput and improve label application accuracy. Labeling machine manufacturer integrated control with motion control specialists and Trio-Motion technology to increase throughput by more than 25%, improve labeling accuracy to +/-0.5 mm, and future-proof the design.

The design and development of high-speed machines for labeling applications, primarily in the food and beverage market and the medical and pharmaceutical industry, creates lucrative opportunities for labeling equipment manufacturers.

Label Applicator Reducing Product Changeover Time Create Traction in the Market

Traditionally, packaging machines were built to meet the needs of a single product. Though, consumer preferences and packaging trends are rapidly shifting towards more aesthetically pleasing packaging. This has led manufacturers to opt for total packaging solutions that allow the same product to be packaged in containers of different sizes.

An automatic pressure-sensitive labeling system with tool-free adjustment for different diameter products and extensive storage capacity of the label applicator software makes changing between products easy. These streamlined changeovers eliminate the cost, effort, waste, and downtime associated with manual or semi-automated labeling.

Automatic labeling equipment can be made to handle a wide variety of products and containers. Thus, in most cases, a single packaging line is sufficient for all products and packaging. Companies are starting to offer devices with very short product changeover times. This type of packaging machine is significantly cheaper and more efficient.

Label Applicators Market Landscape

ProMach, Inc, Herma GmbH, Advanced Labeling Technologies, Accraply, a Barry-Wehmiller company, Nita Labeling Systems, Accutek Packaging Equipment Company, Inc., Advent Label Applicator Co, CTM Labeling Systems, SACMI Group, Krones AG, ILTI s.r.l., Aesus Packaging Systems Inc., APACKS, and others are prominent players in the label applicators market. The Tier 1 players in the market hold a 5 to 10% share in the label applicators market.

Label Applicators Market Report

Future Market Insights (FMI), in its new report, offers an unbiased analysis of the label applicators market, analyzing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033.

The study reveals growth projections on the label applicators market by automation (automatic, and semi-automatic), machine (linear, and rotary), by operating speed (up to 70 products/min, 71 to 20 products/min, 121 to 150 products/min, and above 150 products/min), packaging application (bottles, vials and ampoules, pouches & bags, boxes & carton, trays & clamshells, jars, cans, cups & tubs, blister pack, tubes, and stick packs & sachets), label type (pressure sensitive labels, sleeve labels, wet glue labels, hot melt labels, and others (in-mold, pre-gummed, etc.)), and end use (food (ready-to-eat/snacks, dairy products, bakery & confectionery products, fresh produce product, meat, seafood and poultry, sauces, dressings and condiments, and other food products), beverages (alcoholic beverages, and non-alcoholic beverages), personal care & cosmetics, homecare, chemical & fertilizers, pharmaceuticals, electrical & electronics, shipping & logistics, and other industrial).

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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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Nandini Singh Sawlani

North America Organic Fertilizer Industry Set to Reach US$ 4,415.8 Million by 2034 with Projected 8.2% CAGR Growth

As per the latest analysis, the North America organic fertilizer industry is estimated to be valued at US$ 1,999.4 million in 2024 and US$ 4,415.8 million by 2034. Overall demand for organic fertilizers across North America is projected to increase at a CAGR of 8.2%.

Sales of liquid organic fertilizers are predicted to outpace those of dry ones. This is attributable to the growing end-user preference for liquid fertilizers due to their advantages like convenience and versatility. The target segment is set to expand at 9.5% CAGR through 2034.

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Several factors are expected to spur the growth of the organic fertilizer industry in North America during the assessment period. These include:

Escalating demand for organic food products
Rising adoption of sustainable agricultural practices
Increasing government efforts to promote production and usage of bio-based fertilizers
Growing adoption of organic fertilizers in gardening applications
Rising awareness about the benefits of organic fertilizers over synthetic ones

Organic fertilizers are increasingly used in farming to boost soil fertility and nurture plant growth. They come from various sources, including plants, animals, minerals, and microorganisms, making them popular among eco-conscious farmers.

Organic fertilizers promote eco-friendly farming, thereby helping to meet the growing demand for organic produce. Rising awareness of healthy eating, regulations favoring organic farming, and innovations in nutrient delivery are key factors expected to foster sales growth.

More and more farmers across North America are adopting sustainable agricultural practices, including the usage of organic fertilizers. This will likely propel growth of the North America organic fertilizer industry through 2034.

Increasing awareness among farmers and consumers about the environmental impact of conventional agriculture is prompting them to adopt organic fertilizers. With a rising emphasis on sustainable and eco-friendly agricultural solutions, organic fertilizers offer a compelling opportunity.

The eco-conscious consumer base in North America is expected to propel sales growth. Similarly, the growing popularity of seaweed-based fertilizers in home gardening will likely contribute to the industry’s expansion.

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Key Takeaways from the Report

The organic fertilizer industry revenue in North America is set to reach US$ 4,415.8 million by 2034.
Based on form, the liquid fertilizer segment is expected to expand at a CAGR of 5% through 2034.
By application, the gardening segment will likely expand at 3% CAGR from 2024 to 2034.
The United States is anticipated to register a CAGR of 0% through 2034.
Demand in Canada is poised to rise at a robust CAGR of 8% between 2024 and 2034.

“The North America organic fertilizer industry is anticipated to expand 2.2X through 2034. This is due to the growing adoption of precision farming techniques and the rising need for safe & eco-friendly fertilizers,”– says an analyst at Future Market Insights (FMI).

Competitive Landscape

The North America organic fertilizer industry is fragmented, with top players accounting for around 20% to 25% share. Yara International ASA, The Scotts Miracle-Gro Company, Fertoz Limited, Tessenderlo Group, Sigma AgriScience, LLC, Verdesian Life Sciences LLC, Bio Green Fertilization Redefined, American Plant Food Corporation, True Organic Products Inc., Sustane Natural Fertilizer Inc., Purely Organics LLC, California Organic Fertilizers Inc., Nurture Growth Bio-Fertilizer Inc., GreenTechnologies, LLC, EnviroKure, Inc., The Fairfax Companies LLC, Quasar Energy Group, Wilbur-Ellis Holdings, Inc., Den Ouden Groep, and Central Iowa Organic Fertilizer are the leading organic fertilizer manufacturers listed in the report.

Key organic fertilizer companies are constantly investing in research and development to introduce new biofertilizers to meet growing end-user demand. They are also inclined toward adopting strategies like partnerships, facility expansions, mergers, distribution agreements, and acquisitions to gain a competitive edge in the industry.

Recent Developments:

In 2023, Yara acquired Agribios Italiana’s organic-based fertilizer business, marking a strategic move to enhance its organic offerings in Europe and other regions.
In February 2020, Wilbur-Ellis introduced a new adjuvant (EFFICAX) that helps farmers optimize soil-applied residual herbicides.

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North America Organic Fertilizer Industry Segmentation

By Source:

Plant-based
Animal-based
Mineral
Microorganism
Others

By Crop Type:

Cereals & Grains
Oilseed & Pulses
Fruits & Vegetables
Others

By Form:

Dry Fertilizer
Liquid Fertilizer

By Nutrient Content:

Up to 20%
20% to 40%
40% to 60%
Above 60%

By Application:

Farming
Gardening

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 ~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

Frozen Seafood Market Projected to Surge to US$ 42.66 Billion by 2034 with 6.8% CAGR | FMI Analysis

The frozen seafood market is valued at US$ 21,995.1 million in 2024 and is anticipated to reach US$ 42,657.6 million by 2034. The market is projected to grow at a CAGR of 6.8% from 2024 to 2034.

Customers’ tastes have changed as a result of their increased consciousness of health and wellness, driving sales of frozen seafood products. There is a noticeable tendency to select options that fit dietary preferences and nutritional needs and are thought to be healthier. As a result of this change in consumer awareness, companies have introduced frozen seafood options to meet the needs of these growing health-conscious consumers.

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Moreover, the growing consumer demand for frozen seafood as a thickening agent has boosted the global frozen seafood market’s growth. Factors influencing the choice of thickener include frozen state, clarity, taste, and PH, all of which are provided by frozen seed food in a balanced form. As a result, the market’s revenue contribution is anticipated to significantly increase over the forecast period.

“The growing awareness of health and wellness among consumers is fueling sales of frozen seafood products. Companies are capitalizing on this trend and introducing frozen seafood options to gain a higher market share,” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)

Key Takeaways from the Report

The frozen seafood market is expected to reach a valuation of US$ 42,657.6 million by the end of 2034, growing at a CAGR of 6.8% over the forecast period.

The United States is projected to hold a value share of 24.5% in 2024, leading the market.
Japan is projected to account for a value share of 1.7% in 2024.
The market in India is estimated to rise at a CAGR of 5.9% during the forecast period.

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Key Players Invest in Research & Development as the Ultimate Growth Strategy

The industry is defined by a high level of capital expenditure and a complicated manufacturing process. Cost-effective manufacturing procedures can help establish market sustainability. Frozen seafood manufacturers are pursuing strategic alliances and partnerships with other manufacturers to enhance productivity and meet consumers’ demands.

Some of the key players in the market are Marine Harvest ASA, Austevoll Seafood ASA, SalMar, Coast Seafood, Charoen Pokphand Foods, Fortune Fish & Gourmet, Maruha Nichiro, Norway Royal Salmon, Mitsubishi Corporation, Trident Seafood, etc.

Key Market Segments Covered in Frozen Seafood Industry Analysis

By Nature:

Organic
Conventional

By Form:

Raw
Processed

By End-Use:

Food Processing Industry
Food Service Industry
Retail/Household

By Product Type:

Fish
- Marine Pelagic
- Marine Demersal
- Diadromous
- Others
Molluscs
- Bivalves
- Gastropods
- Cephalopods
- Others
Crustaceans
- Shrimps
- Crabs
- Lobsters
- Krill
- Others
Others

By Distribution Channel:

Business to Business (Manufacturers and Distributors)
Business to Consumer
- Modern Trade (Hypermarket & Supermarket)
- Convenience Stores
- Traditional Grocery Stores
- Specialist Food Stores
- Wholesale Stores
- Discount Stores
E-commerce/Online Stores

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
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

Kids Musical Instrument Market Poised for Steady Growth at a CAGR of 3% by 2031

The kids musical instrument market is set to witness steady growth during 2031, with a CAGR of around 3%.

Demand for kids’ musical instruments is likely to grow with the rapid expansion and adoption of social media platforms among kids, which is going to attract them towards special acquired skills.

Additionally, the advancements in technology have led to the manufacturing of compact musical instruments without compromising the output of one hence, projected to boost sales.

Kids Musical Instrument Market Forecast and CAGR

According to the latest research by Future Market Insights, the kids musical instrument market is set to witness steady growth during 2021-2031, with a CAGR of around 3%. Demand for kids’ musical instruments is likely to grow with the rapid expansion and adoption of social media platforms among kids, which is going to attract them towards special acquired skills.

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Additionally, the advancements in technology have led to the manufacturing of compact musical instruments without compromising the output of one hence, projected to boost sales.

What is Driving Demand for Kids Musical Instrument Market

One of the major factors that are driving the demand of kids musical instrument is the advancements in the technology that has led to the production of compact and small parts, providing variation in sizes without affecting the purpose, sound, and effect of the instrument. The list includes piano, keyboards, guitar, wind instruments available through both online and offline platforms.

Further, the growing impact and fame of western music among the millennials and kids and the growing popularity of electronic music in the developing regions will play a major key role in sustaining the demand for kids musical instruments.

What Factors are Likely to Augment Kids Musical Instrument Sales

Digitalization is one of the major factors driving the sales of kids musical instrument industry. With the presence of bloggers and influencers on various social media, applications tend to promote and attract kids towards new technologies and acquire skills, therefore, influencing the musical instrument industry.

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Such platforms also allow kids to communicate with any professional artist in the musical industry irrespective of their location to conduct the one-to-one class and acquire the skill on the musical instrument. Further, the platforms also allow one to share their knowledge, experience with others and help reach solutions without harsh efforts.

COVID-19 Impact on Kids Musical Instrument Sales

The sudden outbreak of COVID-19 had affected all the industries due to the shortfall of demand and supply and the kids musical instrument industry was no different. Further, the regulations implemented by regional governments restricting the movement of individuals lead to the shutdown of shopping malls, entertainment areas, and events reducing the demand for kids musical instruments.

Additionally, the situation leads to the striking growth rate of technological advancements and a long waiting duration for the availability of logistics, which led to the growth of sustainable solutions among individuals, hindering the growth of the kids musical instrument industry.

Furthermore, the presence of various musical instruments and greater inefficiency in non-understanding of limits under the kids musical instrument industry is likely to act as a hindering factor on the growth of kids musical instrument industry.

U.S. and Canada Kids Musical Instrument Market Outlook

The countries of North America are the most lucrative market for the kids musical instrument industry. The U.S. kids musical instrument industry is set to grow in demand in the given forecast period due to the rising demands from the kids parents in the extra curriculum.

Further, the region consists of populace attracted and delighted with the advancement in technologies, therefore, the availability of compact and affordable kids musical instrument are likely to attract more customers, thus, boosting the sales in the forecast period 2021-2031.

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Europe Demand Outlook for Kids Musical Instrument

Many countries in Europe have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. Additionally, the region consists of various suppliers who are heavily dependent upon other countries who export raw material for the production of items, and the temporary pause on the exchange had influenced the manufacturers and suppliers, therefore, influencing the sales of kids musical instruments.

However, with the presence of a high regional economy, and certain regulations railed out by the governments, the countries have accepted and adapted to the current situation and are further, planning to initiate development and manufacturing of products within the countries to supply, reliable products and services to the customers. These factors are likely to boost the demand and sales of kids musical instruments.

Who are the Key Manufacturers and Suppliers of Kids Musical Instrument

Some of the leading manufacturers and suppliers of kids musical instruments include

KAWAI Musical Instrument Mfg. Co. Ltd.,
Roland Corporation,
Yamaha Corporation,
Moridaira Musical Instrument Co., Ltd.,
Doremi Musical Instrument Co. Ltd.,
Korg Inc.,
Net international Corp.,
Suzuki & Co. Ltd.,
Fender Musical Corporation, Sonor,
Casio, Gibson Guitars & Basses,
Steinway,
C F martin,
Pearl,
Tama Drums, and many others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Key Segments

By Product Type:

Mini Fully Functional Instrument
Toy ( Not Fully Functional)
Other

By Application:

For Toddlers
For Children

By Distribution Channels:

Wholesalers/ Distributors
Independent Musical Instrument Stores
Online Retailers
Others

By Region:

North America
- US & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

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 ~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