2023-01-03

Paper Packaging Market Research Report Size, Growth & Global Forecast – 2021-2028

The Global Paper Packaging Market is Market is estimated to grow at a robust CAGR of 3.6% during the forecast period 2021-2028.

The factors driving growth of the Paper Packaging Market includes rising demand for environment friendly packaging solutions, increase in the production of corrugate boxes, ban imposed by Governments worldwide on single-use plastics, emerging trend of online shopping and improvements in the living standards. Moreover, expansion of hypermarkets and supermarkets across the globe, growing adoption of advanced technologies by manufacturers, increasing application of paper packaging solutions in beverages, fast foods and frozen food and rapid urbanization, are some of the additional factors supplementing the Paper Packaging Market size. In addition, the increasing investments by major companies on research and development, rising population growth rates and growing disposable incomes, are further contributing towards the market growth.

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However, growth of the Paper Packaging Market is hindered due to strict regulations to reduce deforestation.

The leading players operating in the market are MeadWestvaco Corporation, Oji Holdings Corporation, Smurfit Kappa, DS Smith, Georgia-Pacific, Holmen, Stora Enso Oyj, Hood Packaging Corporation, International Paper, and Mayr-Melnhof Karton AG, among others.

Based on Product, the Liquid Packaging Cartons segment is predicted to lead the market during the forecast period

Increasing use of liquid cartons for packaging of milk and other beverages, is propelling growth of the segment.

Based on Application, the Beverages segment is projected to capture the largest market share over the forecast period

Growing demand for organic beverages across the globe, owing to its health benefits, is pushing segment’s growth.

Based on Region, the Asia-Pacific region is anticipated to hold the highest market share during the forecast period

Growing demand for paper packaging solutions in the fast food and bakery food items, development of environment friendly packaging solutions, rapid urbanization, expansion of the e-commerce industry, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Key Development

In 2019, International Paper agrees to acquired two packaging business of DS Smith, which is one of the leading companies in paper and pulp. This acquisition helped the company to expand its product portfolio of the group and thus company generated more revenue from the business line.

Market Segmentation

Segmentation by Product

Liquid Packaging Cartons
Corrugated Cases
Carton and Folding Cases
Others

Segmentation by Application

Beverages
Fast Foods
Fresh Foods
Dairy & Bakery
Frozen Foods
Others

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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2022-12-23

Processed Meat Market Research Report Size, Share, Analysis & Forecast Report – 2022-2029

Processed Meat Market is projected to grow at a CAGR of 4.1% over the forecast period, till 2029.

The factors driving the growth of Processed Meat Market includes growing consumption of fruits, vegetables, and cereals, rise in the working women population around the world, increasing demand for ready-to-eat food products and improvements in the living standards. In addition, growing adoption of advanced technologies by manufactures, increasingly availability of processed meat products at online stores, rising popularity of organic processed meat products and rapid urbanization, are some of the additional factors supplementing the Global Processed Meat Market. Moreover, rise in the launch of innovative products, increasing investments by major corporations on research and development and growing population growth rates, are further contributing towards the market growth.

However, growth of the Processed Meat Market is hindered due to carcinogenic effects of processed meat products.

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The leading players operating in the market are JBS, Tyson Foods, Inc., China Xiangtai Food Co., Ltd., Smithfield Foods, Inc., Hormel Foods Corporation, Conagra Brands, Inc., Foster Farms, Cargill, Incorporated, Pilgrim’s and The Kraft Heinz Company, among others.

Based on Product Type, the Pre-cooked ready-to-eat product segment is predicted to expand at a remarkable CAGR during the forecast period

Ready to eat processed products are easy to store and transport and possess longer lifespan, are some of the factors responsible for the segment’s growth.

Based on Distribution Channel, the Supermarkets/ Hypermarkets segment is projected to capture the largest market share over the forecast period

Supermarkets and hypermarkets offer wide range of processed meat products at attractive discount rates and provides free home delivery options on certain purchases, are propelling growth of the segment.

Based on Region, the North American region is anticipated to hold the highest market share during the forecast period

Presence of the leading players such as Smithfield Foods, Inc., The Kraft Heinz Company and Tyson Foods, Inc., growing consumption of meat products across Untied States and Canada, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Key Development

In 2020, JBS completed the acquisition of local pork processor Adelle Industria de Alimentos, with an aim to strengthen its position in the pork processing market in Brazil.

Market Segmentation

Segmentation by Product Type

Cured Meat
Pre-cooked ready-to-eat product
Dried meat

Segmentation by Animal Type

Poultry
Beef
Pork
Mutton
Others

Segmentation by Distribution Channel

Supermarkets/ Hypermarkets
Discount Stores
Convenience Sores
Traditional Grocery Retailers
Others

Segmentation by Processing Technique

Curing
Smoking
Fermentation
Others

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

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2022-12-23

Membranes Market Research Report Size, Growth & Global Forecast – 2022-2029

The Membranes Market was calculated around USD 6.1 billion in 2021 and is expected to touch USD 12.2 billion in 2029, and is predicted to grow at a CAGR of 9.0% over the forecast period (2022-2029).

The factors driving the growth of Membranes Market includes rising concerns related to water scarcity, Government regulations to reduce water pollution, increasing aquatic population around the world, development of salination plants for irrigation purposes and improvements in the living standards. As per the report published by World Wildlife Fund (WWF), around 1.1 billion people globally have limited access to water and 2.4 billion people are exposed to diseases, such as cholera, typhoid fever, and other water-borne illnesses, which is pushing the demand for membranes across the globe. Moreover, technological advancements in membranes, rise in the launch of innovative products, growing demand for water purifiers in the residential areas and rapid urbanization, are some of the additional factors supplementing the Membranes Market size. In addition, the increasing investments by major corporations on research and development, strategic mergers, and partnerships between key companies, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Membranes Market is hindered attributed to high cost of fouling in water production membrane system.

The prominent players operating in the market are Syner Filtration, KOCH ENGINERRED SOLUTIONS COMPANY, Pentair, TOYOBO CO., LTD., TORAY INDUSTRIES, INC., DuPont, SUEZ worldwide, Hydranautics – A Nitto Group Company, Pall Corporation and Seccua GmBH, among others.

Based on Technology, the Nanofiltration (NF) segment is predicted to expand at a significant CAGR during the forecast period

The Nanofiltration based membrane technology reduces heavy metal, salt, and other nitrate contents, along with its increasing application in water treatment, are some of the factors responsible for the segment’s growth.

Based on Material, the Polymeric segment is projected to expand at a robust CAGR over the forecast period

As per the Membranes Market Global Forecast, increasing application of polymeric in beverage processing and chemical processing owing to its magnificent performance, are pushing growth of the segment.

Based on Region, the Asia-Pacific region is estimated to grow at a remarkable CAGR during the forecast period

Growing demand for water treatment solutions across China, India, and Malaysia, rise in the number of desalination projects, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Development

In 2019, DuPont completed the acquisition of Evoqua Water Technologies, a manufacturer of PVDF membrane and MBR. This acquisition helped DuPont to enter the membrane business with the spin-off Dow-DuPont in 2019.

Market Segmentation

Segmentation by Technology

Reverse Osmosis (RO)
Ultrafiltration (UF)
Microfiltration (MF)
Nanofiltration (NF)
Others

Segmentation by Application

Water & Wastewaters treatment
Industrial Processing

Segmentation by Material

Polymeric
Ceramic
Others

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

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2022-12-20

Insurance Fraud Detection Market Research Report Size, Share, Growth & Forecast Report – 2022-2029

Insurance Fraud Detection Market generated a revenue of USD 4.2 billion in 2021, and forecast to touch USD 22.1 billion in 2029, growing at a significant higher CAGR of 23.1% from 2022-2029.

The factors driving the growth of Insurance Fraud Detection Market includes rising focus by organizations on enhancing the operational efficiency and improving the customer experience, emerging need to manage huge volumes of identities by enterprises and improvements in the living standards. Nearly 55% of respondents confirmed that their professional activities related to fraud-fighting have increased during the pandemic and 68% organizations are already using digital solutions for investigations, which will accelerate the Insurance Fraud Detection Market size in approaching years. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Big Data by major companies, rising penetration of smartphones, tablets and laptops around the world and increasing number of cyber-attacks around the world, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, rising disposable incomes, rapid urbanization, and growing population growth rates, are further propelling the Insurance Fraud Detection Market Growth.

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However, growth of the Insurance Fraud Detection Market is hindered due to insufficient knowledge about fraud detections systems.

The prominent players operating in the Insurance Fraud Detection Market are Lexisnexis, SAP SE, FRISS, SAS Institute, FICO, BAE Systems plc, Fiserv, Inc., Experian plc, Iovation Inc., and IBM Corporation, among others.

Based on Component, the Solutions segment is predicted to hold the highest market share during the forecast period

Fraud Analytics solution helps in detecting anomalies and suspicious & unusual behavior across all channels and prevents fraudulent practices, are some of the factors pushing growth of the segment.

Based on Organization Size, the Small and Medium-sized Enterprises segment is projected to expand at a remarkable CAGR over the forecast period

Rising incidences of cyber-attacks on small and medium organizations and growing demand for comprehensive security solutions, are propelling segment’s growth.

Based on Region, the North American region is anticipated to dominate the market during the forecast period

Increasing penetration of smart devices across United States and Canada, emerging trend of Bring Your-Own Device (BYOD), growing adoption of advanced technologies by major corporations, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Market Segmentation

Segmentation by Component

Solutions
• Services

Segmentation by Deployment Type

On-Premises
• Cloud

Segmentation by Organization Size

Small and Medium-sized Enterprises
• Large Enterprises

Segmentation by Application

Claims Fraud
• Identity Theft
• Payment Fraud and Billing Fraud
• Payment Fraud and Billing Fraud

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

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2022-12-15

HVAC Systems Market Research Report Size, Share, Growth & Forecast Report – 2022-2029

The HVAC Systems Market was valued around USD 161.3 billion in 2021 and is Projected to reach USD 259.0 billion in 2029 and is expected to grow at a CAGR 6.1% during Forecast.

The factors driving the growth of HVAC Systems Market includes increasing application of HVAC systems in commercial and residential areas, strict regulations imposed by Government on installing and retrofitting energy-prompt HVAC systems, growing focus on reducing carbon emissions and rise in the construction of smart homes around the world. Moreover, integration of advanced technologies such as Internet of Things (IoT) and Artificial Intelligence (AI), rise in the launch of innovative products, development of environment-friendly HVAC systems and rapid urbanization, are some of the additional factors supplementing the HVAC Systems Market size. In addition, the increasing investments by leading players on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the HVAC Systems Market is hindered due to high installation and maintenance cost of HVAC systems.

The prominent players operating in the market are AB Electrolux, Emerson Electric Co., Honeywell International Inc., Daikin, Ingersoll Rand, Johnson Controls, Lennox International Inc., Mitsubishi Electric Corporation, Nortek, LG Electronics and Samsung HVAC, among others.

Based on Heating Equipment, the Heat Pumps segment is predicted to grow at a significant CAGR during the forecast period

Rising energy consumption worldwide and financial incentives given by Government regarding the installation of HVAC systems, are some of the factors responsible for the segment’s growth.

Based on Application, the Commercial segment is projected to capture the largest market share over the forecast period

Technological advancements in HVAC systems and rising trend of work from home, are propelling Global HVAC Systems Market.

Based on Region, the Asia-Pacific region is anticipated to hold the highest market share during the forecast period

Increase in Foreign Direct Investments (FDI) inflow in the construction sector, growing demand for technologically advanced HVAC systems, rapid urbanization, improvements in the living standards and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Developments

In 2020, Daikin introduced its new air-conditioning system known as “Mini VRV 5-s” in the Middle East and Africa region.
In 2020, LG Electronics introduced its new Round Cassette air conditioner, designed for business building structures. This product outclasses various competing products in terms of design and performance.
In 2019, Honeywell International Inc., partnered with the Midea Group, a leading Chinese home appliances marker, to replace R-410A with the Solstice N41 in HVAC applications.

Market Segmentation

Segmentation by Heating Equipment

Heat Pumps
Furnace
Unitary Heaters
Boilers

Segmentation by Ventilation Equipment

Air-handling Units
Air Filters
Dehumidifiers
Ventilation Fans
Humidifiers
Air Purifiers

Segmentation by Cooling Equipment

Unitary Air Conditioners
VRF Systems
Chillers
Room Air Conditioners
Coolers
Cooling Towers

Segmentation by Implementation Type

New Constructions
Retrofits

Segmentation by Application

Residential
Commercial
Industrial

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

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2022-12-13

Carbon Nanotubes Market Research Report Size, Industry Growth & Forecast Report – 2022-2029

The Carbon Nanotubes Market is anticipated to expand at a CAGR of 14.1% over the period, (2022-2029).

The factors driving the growth of Carbon Nanotubes Market includes rising focus on utilizing renewable sources of energy, increasing application of a carbon nanotube in lithium batteries, chemical sensors and flat panel displays, growing popularity of electric vehicles and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, enhanced electrical and mechanical properties of carbon nanotubes and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, strategic mergers and collaborations between key companies, rise in the launch of innovative products, expansion of the semiconductor industry and growing population growth rates, are further contributing towards the Carbon Nanotubes Market size.

However, growth of the Carbon Nanotubes Market is hindered due to strict regulation imposed by Government regarding the production of carbon nanotubes.

The prominent players operating in the market are Tokyo Chemical Industry Co. Ltd., Nopo Nanotechnologies, Hyperion Catalysis International, LG Chemical Limited, Cabot Corporation, Showa Denko K. K., Nanostructured & Amorphous Materials Inc., Jiangsu Cnano Technology Co., Ltd., Chengdu Organic Chemicals Co. Ltd., and CHEAP TUBES, among others.

Based on Type, the Multiple Walled Carbon Nanotube segment is predicted to capture the largest market share during the forecast period

Increasing apparition of Multi-Walled Carbon Nanotubes in conductive heating films, displays, chemical sensors and super batteries, owing to its enhanced tensile strength properties, is propelling growth of the segment.

Based on End-Use Industry, the Medical segment is projected to expand at a significant CAGR over the forecast period

Increasing application of carbon nanotube in cancer therapy, drug delivery and tissue regeneration, are pushing growth of the segment.

Based on Region, the Asia Pacific region is expected to grow at a remarkable CAGR during the forecast period

Government policies promoting the production of semiconductor, rapid economic growth across India, China, and Indonesia during the last decade, rising per capita incomes, high population growth rates and increasing emphasis on using renewable energy, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Developments

In March 2021, Cabot Corporation introduced ENERMAX™ 6 under its carbon segment with enhanced features like high aspect ratio. This product series will effectively improve battery performance at lower loadings, offering a higher energy density of batteries.
In 2020, LG Chemicals Limited decided to expand its carbon nanotube production capacity by 1200ton in South Korea.

Market Segmentation

Segmentation by Type

Single Walled Carbon Nanotube
Multiple Walled Carbon Nanotube

Segmentation by End-Use Industry

Electronics & Semiconductors
Chemical Materials & Polymers
Structural Composites
Energy & Storage
Medical
Others

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

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2022-12-09

Quillaia Extract Market Research Report Size, Growth, Share & Forecast - 2021-2028

The Quillaia Extract Market was estimated around USD 1,032 million in 2020 and is expected to grow at a CAGR of 5.2% over the forecast period (2021-2028).

The factors driving the growth of Quillaia Extract Market includes increasing application of quillaia extracts in frozen dairy products and puddings, growing demand for functional food items, changing eating habits of consumers and rising focus by manufacturers on using natural additives. Moreover, favorable Government regulations regarding the use of quillaia extracts, expansion of cosmetics and personal care industry, increasing consumers preference for organic products and rise in the launch of innovative products, are some of the additional factors supplementing the Quillaia Extract Market Growth. In addition, the increasing investments by leading players on research and development, growing adoption of advanced technology by manufacturers, strategic partnerships between key industry players and rising population growth rates, are further contributing towards the Quillaia Extract Market size.

However, rising cases of liver and kidney damage due to overdose of quillaia extracts, is restricting the growth of the Quillaia Extract Market.

The leading players operating in the market are Desert King International, Baja Yucca Company, Chile Botanics S.A, Garuda International, Inc., Naturex S.A, Ingredion International, Puracy LLC, Plantae Labs, Vyomchem Specialities and Stan Chem International Ltd, among others.

Based on Type, the Powder segment is predicted to grow at a robust CAGR during the forecast period

Increasing application of powdered quillaia extracts as foaming agent in root beer and carbonated drinks, is pushing growth of the segment.

Based on Application, the pharmaceutical segment is projected to expand at a higher CAGR over the forecast period

Increasing use of quillaia extracts to treat medical ailments such as athlete’s foot, is propelling growth of the segment.

Based on Region, the North American region is anticipated to grow at a remarkable CAGR during the forecast period

As per the Quillaia Extract Market Forecast, presence of the leading players such as Desert King International, Garuda International, Inc. and Ingredion International, growing demand for personal care products and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Market Segmentation

Segmentation by Type

Powder
Liquid

Segmentation by Application

Pharmaceutical
Food & Beverages
Personal Care
Others

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

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