Green Packaging Market Expected To Be The Most Attractive Market During Upcoming Years

Green Packaging Market by Application and Packaging Type: Global Opportunity Analysis and Industry Forecast, 2022–2031,” the global green packaging market size was valued at $1,64,176.6 million in 2020, and is projected to reach $3,37,542.0 million by 2031, registering a CAGR of 6.6% from 2022 to 2031. Food & beverage along with others have accounted for more than three-fourths of overall share in the application segment. Rise in hygiene & health awareness among consumers has escalated the demand for green packaging with applications in sustainable packaging. Moreover, stringent government regulation on nondegradable plastics along with increase in demand for recycled packaging products have favored the green packaging market trends. Furthermore, reverse logistics in packaging industry has made it easier to move municipal garbage to recycling plants.  

A wide range of oil-based polymer is currently used in packaging applications. This material is nonbiodegradable in nature and is difficult to recycle or reuse as it can become contaminated. Biodegradable plastics were developed from renewable resources to overcome the drawbacks of nonbiodegradable products. 

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According to the global green packaging market analysis, the market is divided by application, packaging type, material and geographical division. By application, it comprises personal care packaging, health care packaging, food & beverage packaging, and others. By packaging type, it includes recycled content packaging, reusable packaging, and degradable packaging. Based on the material, the market is segmented into plastic, metal, glass and others. By geography, it includes North America, Europe, Asia-Pacific, and LAMEA markets. Further, the report also covers the strategies adopted by key market players in order to sustain competitive environment and increase their market share.

The recycle content packaging segment held the major green packaging market share and is likely to remain dominant throughout the green packaging market forecast period. Biodegradable products associated with bioplastics have flourished in healthcare and pharmaceutical applications, and are accepted as an alternative for polymer oil-based products. In addition, reverse logistics along with increase in number of legislations for ecological packaging techniques facilitated the recycle of municipal wastes. 

Food & beverage packaging was the highest revenue generator with around 60% of the total revenue generated by application in green packaging market. This segment includes packaging of FMCG products, dairy products, and beverages. Health care is one of the fastest growing industries which employs green packaging. Medicines comprise complex chemical solutions that have the potential to react with the harmful chemicals in the packaging material and destroy the medicine composition. This factor is driving the health care green packaging segment.

Utilization of degradable raw materials has shown major growth in developed and developing nations. In 2015, Europe demonstrated the maximum demand for bioplastics with potential to witness significant growth in the near future. Region wise, Asia-Pacific accounted for approximately one-fourth share of the total volume which leads to increase in green packaging market growth.

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The key companies profiled in green packaging industry are Amcor Limited, E. I. DuPont de Nemours and Company, Mondi Limited, Sealed Air Corporation, TetraPak International S.A., Ardagh Group Co., PlastiPak Holdings, Inc., Bemis Company, Inc., Uflex limited, and ELOPAK AS.   

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Time and Attendance Software Market Expected to Reach $5,312 Million by 2030

According to the report, the global time & attendance software industry was estimated at $2.15 billion in 2020, and is anticipated to hit $5.31 billion by 2030, registering a CAGR of 9.4% from 2021 to 2030.

Increase in need for growing efficiency and productivity of employees, rise in shift toward cloud based time and attendance software, wide ranging features and benefits of time and attendance software, and surge in adoption of automation tools in HRM systems drive the growth of the global time & attendance software market. On the other hand, several security concerns and high installation cost associated with the software impede the growth to some extent. However, upsurge in demand for time and attendance software from small and medium sized organizations and ongoing technological advancements in the field of time and attendance systems are expected to create lucrative opportunities in the industry.

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On the basis of deployment model, the cloud segment contributed to the lion’s share in 2020, holding nearly half of the global time & attendance software market. Moreover, the same segment is also projected to manifest the fastest CAGR of 11.3% from 2021 to 2030. This is due to paradigm shift in the deployment methods from on-premise to cloud-based models.

By region, the market across Asia-Pacific, followed by North America, dominated in 2020, garnering nearly half of the global time & attendance software industry. Growing organization sizes, presence of global market players in the United States, and increasing application area of time and attendance software propel the market growth in the region. Simultaneously, Asia-Pacific is expected to cite the fastest CAGR of 11.8% throughout the forecast period. This is because large number of enterprises in this region have now implemented time and attendance software in an effort to improve productivity and performance of their business.

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On the basis of component, the software segment held the major share in 2020, garnering nearly two-thirds of the global time & attendance software market. This is attributed to the factors such as need for automated system for optimizing and tracking the number of work hours of an employee, rising shift toward cloud based time and attendance software among the SMEs, and growing emphasis on workforce optimization as well as mobile applications. The services segment, on the other hand, is expected to register the fastest CAGR of 10.7% throughout the forecast period, due to extensive adoption of deployment and integration services among the end users, as it ensures effective functioning of time and attendance software throughout the process.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.FacebookTwitterLinkedInEmailShare

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Network Optimization Services Market Expected to Hit $9.78 Bn by 2028

Rise in demand for VoIP services across organizations and developments in network infrastructure have boosted the growth of the global network optimization services market. However, advancements in WAN and RAN optimization technology hamper the market growth. On the contrary, increase in the number of production facilities is expected to open lucrative opportunities for the market players in the future.

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Covid-19 Scenario:

  • Due to the Covid-19 pandemic, increase in need for network optimization services from government agencies and policymakers were observed to implement AI systems, big data analytics, and data analysis software to monitor the spread in real-time, make predictions, and classify Covid-19 treatment drugs.
  • Several businesses opted for a “work from home” culture and employed suitable measures to ensure optimal performance and security of their network infrastructure owing to increase in network threats such as data breaches and hacking.

By application, the WAN optimization segment held the lion’s share in 2020, contributing to around half of the global network optimization services market, as SD-WAN has changed the way networks support corporate applications by proactively regulating and effectively using all available WAN transport resources. However, the RAN optimization segment is estimated to register the highest CAGR of 18.2% from 2021 to 2028, owing to rise in awareness about industry-specific services and development in the field of artificial intelligence and machine learning.

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By service, the implementation segment dominated the market in 2020, accounting for more than two-fifths of the global network optimization services market, due to rise in demand for remote working and work from home solutions because of the Covid-19 pandemic. However, the consulting segment is projected to manifest the largest CAGR of 18.1% from 2021 to 2028, due to trend of digital transformation for higher customer reach & scope and uninterrupted communication for smooth business growth.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.FacebookTwitterLinkedInEmailShare

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Almond Oil Market Booming Segments; Investors Seeking Growth 2031

Almond Oil Market by Type (Sweet Almond Oil and Bitter Almond Oil), Application (Food Preparation, Cosmetic, Pharmaceutical, and Others), and Distribution Channel (Hypermarkets & Supermarkets, Food Specialty Stores, Pharmacy, Cosmetic Discounters, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2031.” According to the report, the global almond oil industry generated $1.45 billion in 2020, and is expected to reach $5.58 billion by 2031, witnessing a CAGR of 13.0% from 2022 to 2031.

Increase in production of aromatherapy products, surge in preference toward cosmetic products containing natural ingredients, and rise of applications in the pharmaceutical industry drive the growth of the global almond oil market. However, high prices of different types of almond oils restrain the market growth. On the other hand, changes in lifestyle and supportive government regulations present new opportunities in the coming years.

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Covid-19 Scenario

Manufacturing activities of almond oil stopped partially or completely due to lockdown implemented across many countries. Moreover, disruptions in the supply chain and shortage of raw materials presented challenges in carrying out manufacturing with full capacity. The demand from application industries such as pharmaceutical, cosmetic, and others rolled down significantly due to halt in day-to-day operations during the lockdown. However, the demand is estimated to grow steadily post-lockdown as daily operations begin.

Based on type, the sweet almond oil segment contributed to the largest share in 2020, accounting for more than two-thirds of the global almond oil market, and is projected to continue its leadership status during the forecast period. This is due to treatment for skin disorders such as psoriasis and eczema and wide utilization in skincare, pharmaceutical, and color-cosmetic industries due to its unique combination of healthy moisturization and natural stability. However, the bitter almond oil segment is projected to manifest the highest CAGR of 13.7% from 2022 to 2031, owing to wide usage in aromatherapy products and its capability in cleaning bacterial growth that may potentially cause infections or diseases.

Based on distribution channel, the cosmetic discounters segment accounted for the highest share in 2020, contributing to more than one-third of the global almond oil market, and is expected to continue its lead position during the forecast period. This is attributed to availability of private label products at budgeted prices and better deals than other stores such as hypermarkets & supermarkets. However, the pharmacy segment is estimated to portray the largest CAGR of 13.9% from 2022 to 2031, owing to its usage in treatment for skin diseases such as psoriasis, more reliability than other channels, and utilization in manufacturing facial oil, body oil, massage oil, baby oil, and aromatherapy products.

Based on region, North America held the highest market share in 2020, accounting for around one-third of the global almond oil market, and is expected to maintain its dominance in terms of revenue by 2031. This is due to presence of numerous manufacturers, progressive lifestyle of the population, and supportive government initiatives to expand its investment in natural substances rather than synthetic substitutes. However, LAMEA is projected to register the fastest CAGR of 13.4% during the forecast period, owing to rise in demand for natural ingredient-based products and demand from the medical and spa & relaxation sectors.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Microwave Oven Market is Expected to Reach $25.4 billion, Globally, by 2020

Microwave Oven Market Opportunity Analysis and Industry Forecast, 2014–2020

Allied Market Research published a new report, titled, ” Microwave Oven Market ” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Microwave Oven Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $25.4 billion by 2020, registering a CAGR of 6.07% during the period 2015-2020. Increasing disposable income paired with rising number of working population has majorly contributed to the growth of market, worldwide.

Companies are adopting product launches, acquisitions and partnerships as their key strategies, in order to expand their reach and gain a bigger market share. Prominent companies profiled in the report include Samsung Electronics, AB Electrolux, Hoover Limited, Sharp Corporation, Illinois Tool Works Inc. (ITW), Whirlpool Corporation, Galanz Enterprise Group, LG Electronics, Alto-Shaam Inc. and Panasonic Corporation.

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The microwave oven market primarily includes three main types of ovens which include convection, grill and solo microwave oven. The convection microwave oven holds the largest market share in the global market. Whereas, grill microwave ovens occupy the second position, with 30% of the overall market share. Solo microwave ovens are used for cooking and heating purposes. However, they are not capable of providing browning and crispiness to the food as they are not equipped with grilling features. The convection microwave oven is equipped with heating element and a fan, hence is used for cooking and baking purposes. These factors would largely drive the global convection microwave oven market, during the forecast period to generate an expected revenue of $12.54 billion by 2020.

With respect to application, household segment accounted for larger market share and is anticipated to grow at a higher rate as compared to the commercial segment. Increasing propensity of consumers to spend on appliances which assist them in kitchen chores, would drive the growth of household microwave oven segment. The market has also been analyzed from the perspective of microwave oven structure type. Counter top microwave oven accounts for major share of the industry. However, the built-in microwave oven segment is expected to grow at a higher CAGR of 6.9% during the forecast period. Adoption of modular kitchen and increased purchasing power of individuals would foster the growth of built-in microwave oven segment.

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Key Findings of Microwave Oven Market:

The global market is growing as a result of the increasing disposable income, changing living standard of consumers and rise in working class segment
Convection market is the major contributor to the microwave oven industry, growing at a CAGR of 6.54% during 2015-2020
The household microwave oven market would grow at a CAGR of 6.43% during the forecast period
North America enjoys the largest share in the global market for microwave ovens
Asia-Pacific would prove to be one of the most profitable markets, in terms of growth

Growth of the microwave oven in industry is supplemented by factors such as increasing disposable incomes, growing working class, and changing lifestyles, especially in the developing regions.
Companies like Samsung, AB Electrolux, Life is Good (LG), are coming up with new and innovative appliances that are equipped with numerous features, consume less energy and are compact in size.

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Related Reports :-
Electric Pasta Maker Market Opportunity Analysis and Industry Forecast 2027
Mouse Market Opportunity Analysis and Industry Forecast, 2020–2027

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Water Sports Gear Market is projected to reach $55.2 billion by 2027, registering a CAGR of 3.6% from 2020 to 2027

Water Sports Gear Market : Global Opportunity Analysis And Industry Forecast, 2020–2027

According to a new report published by Allied Market Research, titled, “Water Sports Gear Market by Product Type, Age Group, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2020–2027,” the global water sports gear market size was valued at $43.2 billion in 2019, and is projected to reach $55.2 billion by 2027, registering a CAGR of 3.6% from 2020 to 2027. Water sports gears are one of the most integral parts of water sports. They are used as a wearable product that provides safety as well as increases efficiency in performing water sports activities such as snorkeling, rafting, diving, swimming, knee boarding, and others. These includes safety helmets, life jackets, Swim mask & goggles, Swim fins, wetsuits, swimsuits, and others. In addition, the expansion of distribution channels has made water sports gear products easily accessible to the customers, which in turn contributes toward the overall growth of water sports gear market.

Water sports gear such as safety helmet, life jackets, buoyancy control device (BCD), dive computers, and others protect water sports participants from getting injured. For instance, the buoyancy control device enables divers to change lanes underwater and prevents diver from falling deep into chasm and also it enables cave & wreck divers penetrate overhead environment safely. Moreover, safety helmets protect the head of the swimmers and others from getting injured. Thus, this advantage offered by these water sports gear has increased their demand among the users, including coaches and sport persons. This in turn ultimately contribute toward the water sports gear market share in terms of value sales.

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The global water sports gear market is segmented on the basis of product type, age group, distribution channel, and region. By product type, it is classified into watersports clothes, swim fins, swim mask & goggles, BCD (buoyancy control device), watches, life jackets, safety helmets, and others. By age group, water sports gear market is divided into kids, adults, and geriatric. Based on distribution channel, the market is segregated into specialty store, franchise store, online store, supermarket/hypermarket, and others. Region wise, the water sports gear market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Australia, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

By product type, the watches segment is anticipated to grow at the highest CAGR of 5.39% during the forecast period. This is attributable to the IOT (Internet of Things) embedded and waterproof swim watch that enables swimmers and athletes to track timing, pace, distance, stroke count, number of laps, stress level, heart rate, online training logs, and others. Thus, assisting athletes and other water sports enthusiast to monitor, track, analyze, and improve their performance boost the demand for swim watch popular among swimmers. This in turn is expected to offer immense water sports gear market opportunity in terms of value sales.

Moreover, by age group, the kid segment is anticipated to grow at a highest CAGR of 4.07% in terms of value sales during the water sports gear market analysis period. This is because, nowadays children are not restricting themselves to only studies but are also focusing on extra curriculum activities to learn and explore new things. Thus, they are also actively participating in activities such as swimming, boating, surfing, rowing, and others.

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Furthermore, by distribution channel, the online store segment is anticipated to be the fastest growing segment in terms of value sales during the forecast period. This is because, online platforms or e-commerce are becoming a popular medium for the purchase of sporting goods including water sports gear among the customers, owing to easy availability of water sports gear and the benefits provided by it such as the information about the product functional attribute, time-saving feature, and the facility of home delivery to the customers.

Key findings of the study

By product type, the water sports clothes segment accounted for the highest market share in 2019, growing at a CAGR of 1.95% from 2020 to 2027.
By age group, the adult segment accounted for the highest market share in 2019, growing at a CAGR of 2.6% from 2020 to 2027.
By distribution channel, the franchise store segment accounted for the highest water sports gear market share in 2019, growing at a CAGR of 2.51% from 2020 to 2027.
By region, North America occupied the maximum share in the water sports gear market in 2019 and is expected to dominate the market during the water sports gear market forecast period.

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The key players operating in the global water sports gear industry include Cressi S.p.A., Aqua Lung International, JOHNSON OUTDOORS INC., Tabata Co., Ltd., Mares S.p.A, Beuchat, O’Brien, Oneill, Puma and Speedo International.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Pet care market size is expected to reach $269,497.5 million by 2030 at a CAGR of 6.2% from 2021 to 2030 – AMR

rise in consumers’ disposable income and increase in awareness regarding the health benefits of having a companion

According to a new report published by Allied Market Research, titled, “Pet Care Market by Product Type, Animal Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global pet care market size is expected to reach $269,497.5 million by 2030 at a CAGR of 6.2% from 2021 to 2030.

The pet care market is experiencing growth owing to increased pet ownership across the globe due to rise in consumers’ disposable income and increase in awareness regarding the health benefits of having a companion. The major factors driving the growth of the global pet care market include rise in trend of nuclear families, rapid humanization of pets, and increase in awareness about pet health. Surge in pet ownership among the millennials and generation Z along with the rapidly penetrating social media and e-commerce platforms across the globe significantly boosts the pet care market growth.

The outbreak of the COVID-19 pandemic has positively affected the pet care industry due to undermined and unintended consequence of COVID-19 pandemic. The global pet care market was growing at a strong rate before the pandemic due to rise in pet humanization, concerns about animal welfare, and increased spending on animal health and grooming. However, during the lockdown period, people got more concerned about pet health and their own health, resulting in significant adoption of pet food and other care products for pets to stay healthy. Furthermore, certain COVID-19 repercussions and above factors that accelerated the market growth and are expected to sustain this growth during the forecast period.

The e-commerce segment has positively impacted the overall pet products supply chain as the entire pet care industry witnessed a rapid surge in the revenue. These factors are expected to boost the growth of the pet care market during the forecast period.

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According to the pet care market analysis, the pet care market is segmented on the basis of product type, animal type, distribution channel, and region. On the basis of product type, the market is categorized into brushes, shower & bath accessories, toothpaste, grooming wipes, shampoos/conditioners, cat litter, pet comb, tick repellent, dry food, wet food, treats & snacks, and others. By animal type, it is segregated into dogs, cats, birds, and others. By distribution channel, it is segmented into supermarkets, e-commerce, specialized pet stores, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Poland, Italy, Russia, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, and rest of LAMEA).

As per the pet care market forecast, by product type, the dry food segment was the dominating segment that accounted for 31.2% of the market share in 2020. This is attributed to the increased demand for the dry food for pets owing to its nutritional and oral benefits. The cat litter is estimated to be the fastest-growing segment owing to the rising adoption of cats in the developed and developing nations. The adoption of cats as pets is higher in the developed markets like North America and Europe.

By animal type, the dogs and the cats were the two most prominent segments in 2020, dogs segment leading the market. However, the cat segment is estimated to outnumber the dogs segment during the forecast period as the cat adoption across the globe is gaining rapid traction.

This is because cats are less expensive, they require less space, cats prefer to stay indoors all the time, and cats don’t make much noises as the dogs do. Therefore, owning a cat as a pet is more convenient than that of dog.

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Depending upon the distribution channel, the e-commerce is expected to be the fastest-growing segment during the forecast period. This is attributed to the rising penetration of the e-commerce platforms, surging adoption of smartphones, and improved access to internet. The rising number of online shoppers and growing popularity of specialized online pet products retailers is fostering the market growth.

The key players operating in the global pet care market have adopted various developmental strategies to expand their market share and increase profitability in the market. The key players profiled in this report include Beaphar, B.V., Colgate Palmolive Company, EBOS Group Limited, General Mills, Inc., Heristo AG, Mars, Incorporated, Nestle SA, Pet AG, PetEdge, Petlife International Ltd., Schell & Kampeter, Inc., Thai Union Group Plc, The J.M. Smucker Company, Unicharm Corporation, and Versele-Laga N.V.

Key findings of the study

The global pet care market size was valued at $138,270.0 million in 2020, and is estimated to reach $269,497.5 million by 2030, registering a CAGR of 6.2% from 2021 to 2030.
By product type, the cat litter segment is estimated to witness the fastest growth, registering a CAGR of 7.9% during the forecast period.
In 2020, depending on animal type, the dogs segment was valued at $47,949.3 million, accounting for 34.6% of the global pet care market share.
In 2020, the U.S. was the most prominent market in North America, and is projected to reach $58,666.2 million by 2030, growing at a CAGR of 5.3% during the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Permanent Magnet Synchronous Motor (PMSM) Market Size, Growth, Trends and Industry Forecast to 2023

Permanent Magnet Synchronous Motor (PMSM) Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $31.1 billion by 2022, registering a CAGR of 10.9% from 2016-2022. Asia-Pacific is expected to dominate the PMSM market in terms of revenue as well as volume, during the forecast period, due to ample availability of low-cost raw materials, improved government regulations, and increased spending power of customers.

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PMSMs are widely used in automation, consumer electronics, medical and lab equipment, and automotive amongst others. The automation sector is a significant revenue contributor to the PMSM market, accounting for over 30% of the overall revenue throughout the analysis period. This is attributable to the prominent role played by PMSM in the motion-control applications owing to its functionalities such as high efficiency, compact size, high power, and high torque-to-inertia ratio. From a revenue growth perspective, lab equipment would be the most lucrative application sector, owing to the to the high demand for PMSM from lab equipment manufacturers due to its high torque, speed, and reliability.

PMSMs within the voltage range of 21V30V are anticipated to be the leading revenue generators. The segment is expected to contribute over 20% of the market revenue, throughout the analysis period. This is due to increased use of PMSM machine tools which reduce the vibrations in machines. Also, these machine tools have witnessed significant growth due to high demand for industrial machines from small and medium enterprises, particularly in the developing countries. In terms of volume, 10V-20V would account for the largest units shipped during the forecast period. PMSM of this range provides high efficiency, requires low-operating temperature, and reduces the weight of motors. Thus, their suitability across the varied applications would continue to supplement their market growth.

Key findings of the Permanent Magnet Synchronous Motor (PMSM) Market:

  • The automation sector is expected to lead the market during the forecast period, attributed to high efficiency, compact size, high power, and high torque-to-inertia ratio that PMSM provides.
  • PMSMs with voltage range 9V and below is expected to be the fastest growing product segment, in terms of revenue.
  • LAMEA is expected to register the highest growth over the forecast period.
  • Industry participants focus on introducing new products and acquisitions to strengthen their market share.

PMSM market comprises dominant players such as Baldor Electric Company, General Electric Company, and Siemens AG. These players focus on the development of new technology, launch of novel products with innovative variations, and acquisition as their key strategies to strengthen their position in the market.

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Vehicle Analytics Market Analysis by Types, Applications, End Users, Technology With Forecast Till 2027

According to a recent report published by Allied Market Research, titled, “Vehicle Analytics Market by Application, Deployment, and End User: Global Opportunity Analysis and Industry Forecast, 2020–2027,”

The global vehicle analytics market was valued at $1.84 billion in 2019, and is projected to reach $7.27 billion by 2027, registering a CAGR of 24.3% from 2020 to 2027.

Europe dominates the market in terms of revenue, followed by North America, Asia-Pacific, and LAMEA. The U.S. led the global vehicle analytics market share in 2019, and is expected to grow at a significant rate during the forecast period due to increase in penetration of connected high-end technologies in the automotive industry across the country.

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Europe and Asia-Pacific collectively accounted for around 59.2% market share in 2019, with the former constituting around 31.1% share. Asia-Pacific and North America collectively accounted for 54.8% market share in 2019, and is anticipated to reach 60.0% by 2027. Changing consumer sentiments toward automotive usage, rapid urbanization, and increasing penetration of high-end technologies in automotive support the growth of the vehicle analytics market. The market participants are more focused to gather the data points to generate data insights and provide it to the end users to take appropriate actions for attainting the optimum mobility efficiency. Cloud-based deployment of vehicle analytics technology is gaining traction, owing to the cost effectiveness and output effectiveness of the vehicle. Europe and North America are leading consumers of vehicle analytics, and are expected to maintain the momentum by the end of the forecast period.

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North America and Europe are leading consumers of vehicle analytics technology, and are expected to maintain this trend during the forecast period. India and China are growing at a significant rate, owing to increasing concern toward safety & security of the vehicles focusing on real-time data processing.

The growth in use of cloud-based technology for smart fleet management solutions is expected to support the growth of the vehicle analytics market. Expansion, partnership, and product development are the key strategies adopted by major players operating in the global vehicle analytics market. Moreover, cloud-based vehicle analytics technology offerings are expected to gain traction in the global market during the forecast period.

In the COVID-19 pandemic situation, end users of vehicle analytics are focusing on their core competencies and sticking to working capital management. Vehicle analytics deals with heavy capital investment, which, in turn, hampers the demand for this technology. The market witnessed negative growth in 2020. However, increasing concern for real-time vehicle data integration and vehicle safety is expected to recover the market growth from 2021 and eventually gain momentum from 2022.

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Key Findings Of The Study

By deployment, the cloud segment is expected to register significant growth during the forecast period.
On the basis of end user, the original equipment manufacturers (OEMs) segment is projected to lead the global market in terms of market share by the end of the forecast period.
On the basis of application, the safety & security management segment is projected to lead the global market, in terms of market share, by the end of the forecast period.
Europe dominated the global vehicle analytics market in 2019 in terms of market share. Moreover, Asia-Pacific is anticipated to lead the market growth.
The key players profiled in the report are ARI Fleet Management Company, Continental AG, Genetec Inc., Inquiron Limited, Inseego Corp., International Business Machines Corporation, Microsoft Corporation, Samsung Electronics Co., Ltd., SAP SE, and Teletrac.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
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Luxury Plumbing Fixtures Market  Size, Growth, Trends and Industry Forecast to 2022

Luxury Plumbing Fixtures Market Report, published by Allied Market research, forecasts that the Luxury Plumbing Fixtures Market size is estimated to reach $24,646 million by 2022, registering a CAGR of 4.9% from 2016 to 2022. Europe constitutes around 38.7% share in the global luxury plumbing market and is expected to remain dominant throughout the analysis period, registering a notable CAGR of 4.1%.

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The factors driving the growth of the luxury plumbing fixtures market are upsurge in urbanization, improvement in economic condition, growing focus of consumers towards luxury housing, and increase in adoption of water-efficient fixtures. In addition, the untapped Asia-Pacific and African regions create potential growth opportunities for the luxury plumbing fixtures market owing to changing lifestyle of customers in these regions. However, high cost of raw materials is expected to hamper the luxury plumbing fixtures market growth.

The key luxury plumbing fixtures industry players profiled in the report include Bradley Corporation, GROHE, Little Giant, Kohler, Moen Incorporated, Delta, Toto Ltd., Gerber, American Standard, and Sterling Faucet Company.

Bathroom fixtures, particularly toilets consume, the largest amount of water which is 30% in average than any other fixtures similarly, inefficient or old toilets are a major source of water wastage. The U.S. Environmental Protection Agency formulates that the conventional flush systems consuming six gallons of water per flush should be replaced with WaterSense labeled high-efficient toilets consuming only 1.28 gallons or less. These new models provide better or superior performance than older toilets thereby, conserving water by 20-60%.

Advancements in toilets have witnessed a significant growth over the years and ensure an easy-to-use experience to the consumers. Various manufacturing companies such as Kohler Numi in May 2011 launched advanced toilet fixtures including heated seat and foot warmer, built-in bidet functionality and deodorizer, dual-flush system with 1.9 liters per flush, and an automatic lid that opens and closes using a sensor. Bathroom fixtures contributed the highest revenue in 2015, while the kitchen fixtures are anticipated to grow at the highest rate.

The end users of the luxury plumbing fixtures industry are residential and non-residential sectors. The residential sector generated the highest revenue in 2015 and is expected to remain dominant during the forecast period with the growing focus on water-efficiency standards at housing sector, the segment is expected to grow at the highest rate by 2022.

Asia-Pacific is expected to grow at the highest CAGR of 6.0% owing to the increase in urbanization and change in lifestyle of consumers in the developing countries, such as China, India, and Thailand which has risen the demand for luxury plumbing fixtures in the region. However, Middle East is the second fastest growing region due to rise in luxury expenditure of consumers in the luxury plumbing fixtures market globally.

Key Findings of Luxury Plumbing Fixtures Market

  • LAMEA is projected to be the second fastest growing region in the global luxury plumbing fixtures market, in terms of revenue, registering a CAGR of 5.4% during the forecast period.
  • Residential sector witnessed significant growth in 2014, and is anticipated to grow at the highest CAGR of 5.6%.
  • Bathroom fixtures was the highest revenue contributor to the market with 83.9% share in 2015, and is expected to maintain its dominance throughout the forecast period.
  • Showerheads in bathroom fixtures generated the highest revenue in 2015 and is expected to grow, at a notable CAGR of 4.1%.
  • Kitchen fixtures is the fastest growing segment, registering a CAGR of 6.1% during the forecast period.

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