Global Metaverse Market is expected to reach a revenue of US$ 700 Bn by 2030: Ken Research

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The Global Metaverse Market is expected to record an exponential CAGR of ~40% during the forecasted period (2022-2030) and expected to reach a revenue of US$ 700 Bn by 2030, due to the increase in popularity of virtual Reality, augmented reality, and mixed reality the metaverse is gaining momentum as it helps in connecting the physical world with the virtual environment.

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Key Growth Drivers

• Metaverse helps in purchasing digital assets such as cryptocurrencies and non-fungible tokens (NFTs) and as these digital assets are gaining popularity day by day this will provide a positive impact on the growth of the metaverse market. In February 2022, Decentraland a 3D virtual world browser-based platform raised US$ 1.2 million in a fungible token auction using metaverse.
• Technology such as mixed reality, blockchain, and augmented reality in the metaverse helps in fostering market growth. Companies start adopting metaverse as Microsoft and Samsung own 158 and 122 patents on the metaverse.

The retail and eCommerce industry are investing in the metaverse as it helps to showcase products in the virtual world. In May 2021, United Nations Conference on Trade and Development, an intergovernmental organization stated that Global e-commerce sales had reached US$ 26.7 trillion in 2019 which get boosted due to online sales and such an increase in eCommerce will create a huge opportunity for the Metaverse Market to grow.

• The rise in concern related to cyber-attacks, data breaches, destruction, destroy, disruption, system controls, and others is the most significant barrier to the growth of the metaverse In August 2021, the FBI's Internet Crime Complaint Center (IC3) reported 2,084 complaints of cyber-attacks from January to July 2021.
• COVID-19 plays an important role in the metaverse concept as people start working from home, students began education online, and users start adopting online video gaming. According to the Newzoo report, the total esports (electronic sports) audience reached 495 million population in 2020 increasing by 11.7% such an increase in demand for gaming audiences has created a positive impact on the growth of the metaverse market.

Key Trends by Market Segment

By Component: The hardware segment held the largest market share of the Global Metaverse Market in 2021 as hardware provides components such as AR/VR headsets and displays to the user which is the primary need to access the metaverse.

• Hardware is used to provide customers products like AR/VR headsets and displays, Extended Reality hardware. There are some other hardware products which include a tracking system, projectors & display walls, and scanning sensors. In 2021, Meta Platforms, an operator of social media technology, announced that its product Quest 2 VR headsets captured 78% (8.7 million units) of the entire headsets Market (11.2 million units).
• Increasing population leads to the adoption of the metaverse. In 2021, the number of AR/VR shipped increased by 92.1% as compared to previous years.

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By Platform: The desktop segment accounted for the majority share of the global metaverse market in 2021, owing to the raising adoption of online gaming. Increasing the video gaming audience creates a demand for desktop devices which helps in experiencing virtual reality gaming. The mobile segment is expected to grow with the highest CAGR as it is becoming a more useful and easiest way to connect to the metaverse.

• Desktop has the primary portal into the Metaverse Market, Virtual Desktop is a program that allows users to utilize Virtual Reality using VR headsets.
• Increasing use of smartphones and mobile networks have made access to the metaverse with the increasing number of application developers.
• Users can publish and communicate with each other using video conferencing using Metaverse. The smartphone market is increasing and they are becoming the more useful and easiest way to connect to the metaverse.

By Offerings: Asset Marketplace segment held the largest share of the global metaverse market in 2021, due to an increase in the investment of bitcoins, NFTs (Non-Fungible Tokens), and Cryptocurrencies.

• An Asset Marketplace is a platform for trading digital assets such as in-game assets, virtual land, and non-fungible tokens all the transaction which is done based on blockchain technology, and NFTs can be used and transferred in the metaverse.
• The US government still owned US$4.08 billion in Bitcoin as of February 2022, government involvement in the asset market drives the growth of the global metaverse market.

By Technology: Augmented reality and virtual reality segment held the largest share of the global metaverse market in 2021, due to the rising demand for services based on virtual reality (VR) and augmented reality (AR), as well as the usage of technology to produce the experience of virtual environment.

• Metaverse Virtual Reality and Augmented reality is been used in various industries such as Gaming and entertainment, Healthcare, Education, and many more.
• In May 2022, India Brand Equity Foundation, a trust established by the government of India, stated that smartphone penetration was 54% in 2020 and is predicted to reach 96% by 2040, increasing the accessibility of AR/VR-based technologies.

By End-User: The gaming segment held the largest share of the global metaverse market in 2021, due to the substantial ongoing improvements and advancements made by developers and the rising emphasis on increasing immersion and realism in games.

• In April 2022, Epic Games, an American video game and software developer, announced a US$2 billion round of funding to promote the company's aim of building the metaverse and support its ongoing expansion.
• The gaming industry is a leader in adopting cutting-edge technology like VR, and AR. These technologies can improve gaming experiences by developing virtual characters and things that are connected to particular real-world locations.

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By Geography: The global metaverse market is divided into 4 regions North America, Asia-Pacific, Latin America, Middle East & Africa (LAMEA). North America is expected to dominate the global metaverse market during the forecasted period owing to the presence of major companies such as Nvidia Corporation, Microsoft, Meta Platforms, and Unity Games.

• The Metaverse is expected to be primarily derived from North America. Virtual Reality, Augmented Reality, and 3D simulation is being used by several companies in North America to enhance their operations.
• North America is increasing market share as a result of increased investment in Metaverse by leading players such as Meta Platforms, Nvidia Corporation, Roblox Corporation, and others. For Instance, NVIDIA expands the omniverse platform in August 2021 in order to draw millions more players to the metaverse.

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Competitive Landscape

The metaverse market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in metaverse advancement for multiple industries. most of the country-niche players are metaverse developers.

Global players control about 10% of the market, while regional players hold the second largest share. Some of the major players in the market include Meta Platforms, Microsoft, Nvidia, Tencent Holdings Ltd, Roblox Corporation, Nextech AR Solutions Inc, Unity Software Inc, Bytedance, Epic Games, Inc., Decentraland, Antier Solutions, and Alibaba Group Holding Limited.

Recent Developments Related to Major Players

• In September 2022, Meta is collaborating with Qualcomm to design a customized chipset for extended reality platforms to deliver the next-generation platforms and core technologies to accelerate a fully immersive metaverse.
• In January 2022, Microsoft is acquiring Activision Blizzard which will bring experience and community of Gaming to everyone. Activision Blizzard Inc. is a leader in gaming development and interactive entertainment content publisher and this acquisition will help the company to accelerate growth in Microsoft’s gaming business and will provide building blocks for the metaverse.

Conclusion

The Global Metaverse Market is forecasted to continue at an exponential growth rate that it has been witnessing since 2019, primarily driven by rise in demand for three-dimensional (3D) environment as remote working tool during the time of COVID-19 pandemic. Though the market is highly competitive with ~500 participants, few global players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within a maximum of 2 working weeks.

Ken Research has recently published report titled, Global Metaverse Market Size, Segments, Outlook and Revenue Forecast 2022-2030, the market is segmented by Component, Platform, Offerings, Technology, and End-User. In addition, the report also covers market size and forecasts for the four major regions in the Metaverse markets. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Component

• Hardware
• Software
• Professional Services

By Platform

• Desktop
• Mobile
• Wearable
• Others

By Offerings

• Virtual Platforms
• Asset Marketplace
• Avatars
• Financial Services

By Technology

• Augmented Reality (AR) & Virtual Reality (VR)
• Mixed Reality
• Blockchain
• Others (IoT, etc)

By End-User

• Gaming
• Social Media & Live Events
• Online Shopping
• Industrial Manufacturing
• Aerospace and Defense
• Education
• Healthcare
• Others (Content Creation, Virtual Runway Shows, Fashion, Testing & Application)

By Geography

• North America (USA Canada, Mexico)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia-Pacific
• Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
• Latin America, Middle East & Africa (LAMEA)

Key Competitors

• Meta Platforms Inc.
• NVIDIA Corporation
• Microsoft
• Nextech AR Solutions Inc.
• Decentraland
• Roblox Corporation
• Tencent Holdings Ltd.
• Bytedance
• Unity Software Inc.
• Antier Solutions
• Alibaba group holding limited
• Epic Games, Inc.

Global Reclaimed Rubber Market is expected to reach market size of ~US$ 4 billion by 2028: Ken Research

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According to Ken Research Analysis, the Global Reclaimed Rubber Market was valued at ~US$ 1 billion in 2017, it is estimated to be ~US$ 2 billion in 2022 and is forecasted to reach a market size of ~US$ 4 billion opportunities by 2028 at a CAGR of ~12% during 2022–2028. Reclaimed rubber requires less energy consumption, and is cost-effective which drives the growth of the market.

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Key Growth Drivers

• The increasing demand for tires and tubes in the automotive industry is driving the global reclaimed rubber market. According to the International Organization of Motor Vehicle Manufacturers (OICA), an organization working in the interest of vehicle manufacturers and assemblers stated that vehicle production increased by 3% from 2020 to 2021 after declining by 13% from 2019 to 2020. Thus, the increasing production of motor vehicles is driving the demand for tires, which is likely to act as a driver for the reclaimed rubber market.
• Devocalization or depolymerization of waste rubber will likely result in the degradation of the physical properties of rubber. Devocalization is a process through which vulcanized waste rubber is transformed into the state in which it can be vulcanized, after mixing and processing. Degradation of rubber can range up to 30 to 70% from the virgin state. A higher level of application such as tires from waste rubber is limited to use after the degradation of a material.
• COVID-19 has decelerated the growth of the reclaimed rubber market. This is because of the temporary shutdown of assembly lines, disruption of the supply chain, and decline in vehicle sales numbers. But as the market is recovering and restrictions are easing down, it is estimated that the Reclaimed Rubber market will recover shortly. According to the International Organization of Motor Vehicle Manufacturers (OICA), stated that Europe vehicle production declined by 24% from 2019 to 2021, and American vehicle production declined by 20% from 2019 to 2021. The decrease in the demand for vehicles during COVID-19 impacted the sales of automotive tires, which significantly impacted the reclaimed rubber market.

Key Trends by Market Segment

By Type:  The whole tire segment held the largest market share of the global reclaimed rubber market in 2021. The automotive industry and OEMs are driving the demand for whole-tire reclaimed rubber.

• The whole tire reclaimed rubber is manufactured from the end-of-life tire and the tread’s peeling. This reclaimed rubber is used in auto tires, conveyor belts, rubber sheets, rubber molded goods, and transmission belts.
• The demand for whole-tire reclaimed rubber is rising because of its high versatility, durability, lower processing cost, and lesser impact on the environment.

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By Application: The tire segment accounted for the largest market share in 2021, owing to the rising demand from the automotive and aerospace tire industry.

• Tire usages are inner liners, inner tubes, tire sidewalls, tire piles, tire tread, and retreads. The demand for tires is rising due to a shift in the trend toward eco-friendly and sustainable materials.
• Furthermore, the easy availability of wasted and disposed tires along with lower reclaim rubber costs, propel the demand for the tire segment.

By End-User: The automotive and aircraft tires held the largest market in 2021, owing to the increasing demand for lower-cost tires, and awareness regarding the usage of sustainable products.

• Aircraft tires are built from conductive elastomer, which contains natural rubber, and are subject to extreme conditions. On the other hand, automotive tires are available in a variety of applications by multiple tire companies.
• Rising rubber costs, soaring environmental concerns caused by dumping used rubber in rivers, and increased energy efficiency, are all those factors that are driving the automotive and aircraft tire segment.

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By Geography: Asia Pacific accounted for the largest market share within the global reclaimed rubber market in 2021, owing to the emerging automotive industry, and houses most of the reclaimed rubber companies.

• According to the International Trade Association (ITA), a USA agency that promotes trade and investment. China continues to be the world’s largest vehicle market by both annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025.
• The International Organization of Motor Vehicle Manufacturers (OICA), stated that Asia region vehicle production increased by 4,67,73,2785 in 2021 from 4,42,76,549 in 2020. Hence, the rising automotive industry is likely to boost the growth of the reclaimed rubber market.

Competitive Landscape

The global reclaimed rubber market is highly competitive with ~200 players which include globally diversified players, and regional players as well as a majority number of country-niche players having their niche in reclaimed rubber manufacturing and distributing to multiple end-user industries.

Country niche players held the largest market share by type. While large global players control about 10% of the market share by type. Some of the major players in the market include GRP Limited, Fishfa Rubbers Ltd., Huxar Reclamation, Genan Holding Limited, Star Polymers Inc., Enviro Systems AB, J. Allcock & Sons Ltd, Evonik, S. E. Power Limited, Swani Industries, and others.

Recent Developments Related to Major Players

• BlackCycle project funded by Horizon 2020, officially launched in May 2020. The project aims to enable a massive circular economy of tires. The project will design world-first processes to make new tires from end-of-life tires.
• In January 2020, Goodyear and Rubber-Cal announced a partnership with the launch of a new line of rubber flooring & mats. New flooring products are manufactured from 100% recycled rubber materials.

Conclusion

The global reclaimed rubber market witnessed significant growth during the period 2017-2021, the rising automotive tire industry, and increasing demand for low-cost and sustainable tires are driving the growth of the reclaimed rubber market. The growth rate is expected to remain significant during the forecast period.

Though the market is highly competitive with ~200 participants, the majority of country-niche players dominate the market share by type, and global players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.

Ken Research has recently published report titled, Global Reclaimed Rubber Market Size, Segments, Outlook, and Revenue Forecast 2022-2028, market is segmented by Type, Application, and End-User. In addition, the report also covers market size and forecasts for the four regions in the Reclaimed Rubber markets. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Type

• Whole Tire Reclaimed Rubber
• Butyl Reclaimed Rubber
• EPDM Reclaimed Rubber
• Drab & Colored Reclaimed Rubber
• Others

By Application

• Tire
• Non-Tire

By End-User

• Automotive & Aircraft Tires
• Retreading
• Belts & Hoses
• Footwear
• Molded Rubber Goods
• Others

By Geography

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • AustraliaRest of Asia Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa

Key Players

• GRP Limited
• Fishfa Rubbers Ltd.
• Huxar Reclamation
• Genan Holding Limited
• Star Polymers Inc.
• Enviro Systems AB
• J. Allcock & Sons Ltd
• Evonik
• S. E. Power Limited
• Swani Industries

Global Aesthetic Laser Device Market reach a revenue of US$ 1.8 Bn by 2028: Ken Research

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The Global Aesthetic Laser Device Market is expected to record a positive CAGR of ~9% during the forecast period (2022-2028) and reach a revenue of US$ 1.8 Bn by 2028, due to the rising spending & awareness by the consumers of their physical appearances, technical advancements in such treatments, and the increasing affordability of such procedures.

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Key Growth Drivers

• The growing elderly population and the demand from this demographic to go for skin rejuvenation is one of the major factors propelling the Aesthetic Laser Device market growth.
• According to World Health Organization, between 2015 and 2050, the proportion of people aged above 60 in the world’s population will nearly double and it will reach 22% from 12%.
• The strict rules and regulations as well as the safety guidelines laid out by the relevant authorities by different governments is a key challenge to the growth of the market.
• For example, the United States Food and Drug Administration, the federal agency of the Department of Health and Human Services, regulates the types of physical devices that can be made available in the market.
• Similarly, the American Society for Laser Medicine & Surgery, Inc. has laid out some standards for the device operators to meet certain training criteria such as being capable to evaluate the best laser treatment to be conducted based on the condition of the individual.
• The Covid-19 pandemic had a negative influence on the growth of the market for Aesthetic Laser devices as the governments worldwide imposed lockdowns and social distancing norms thereby forcing these facilities to halt their operations.
• According to the American Society of Plastic Surgeons, the number of laser hair removal procedures declined by 28% in 2021 as compared to 2020.
• However, after the lockdowns were relaxed there has been a growth in this market as more and more people are again coming for such treatments.

Key Trends by Market Segment

By Type:  Multiplatform Lasers segment holds the largest share of the Global Aesthetic Laser Type Market in 2021.

• The multiplatform lasers segment dominates the Aesthetic Laser devices market by type as they offer multiple technologies, and are scalable & upgradeable. They are cheaper to operate, occupy less space, and have a low maintenance cost as these require a smaller number of service visits than a standalone laser.
• Also, these provide the flexibility of having multiple standalone systems integrated into a single package and hence provide a better return on investment.

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By Application: The Hair Removal segment dominated the market for Aesthetic Laser devices in 2021.

• More and more individuals are being conscious about their physical appearance and rely on aesthetic procedures for their body hair removal which are the major factors of growth of this segment. As laser hair removal procedures are permanent solutions for hair removal methods, hence this segment is growing.
• Furthermore, the increased number of PCOS (Polycystic ovary syndrome)/PCOD (Polycystic ovary syndrome) patients who suffer from unwanted hair growth are also opting for aesthetic hair removal procedures propelling the market to grow.
• According to an article published by MSD Manual by Merck & Co, Inc. in September 2022, anywhere between 5 to 10% of women in the US suffer from PCOS.

By End User: The Private Clinics segment held the largest market share in 2021.

• The growing number of private surgeons offering minimally invasive cosmetic surgeries through the increasing number of private clinics is driving the growth of the aesthetic laser device market globally.
• According to data published by The Private Healthcare Information Network, a UK government-mandated but independent organization providing data on private hospitals, consultants, and patient visits, between July and September 2021, there was a total number of 186,000 patient admissions in private hospitals.
• Also, many of the consultants of the National Health Service (NHS) of England have shares in private clinics which have generated revenues in excess of GBP 1 Bn since 2015 as per an article by The Guardian.

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By Geography: North America accounts for the largest share among all Regions within the total Aesthetic Laser Device market in 2021.

• The high level of consumer awareness, high-income levels, availability of the latest procedures, and skilled personnel are driving the growth of the North American market.
• In 2020, ~200,000 laser tattoo removal and more than 750,000 laser hair removal procedures were carried out in the US alone as per data provided by Rohrer Aesthetics, Inc., one of the major players in the market.
• The Asia Pacific region is expected to grow at the fastest CAGR during the forecasted period 2022-2028, owing to its high population, being a major destination for medical tourism, and growing awareness among people on aesthetic laser procedures.

Competitive Landscape

The Global Aesthetic Laser Device market is fairly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche product ranges. The Aesthetic Laser Device market's growth is heavily reliant on the adoption of new technologies and advancements in the types of devices being made available to the end users as well as the safety and effectiveness of the procedures performed.

Country-Niche players constitute about ~40% of the competitors, while regional players hold a share of ~35% in terms of the number of competitors. Some of the major players in the market include Cynosure, Inc., Aerolase Corp., Lumenis Be Ltd., Sciton, Solta Medical, SharpLight Technologies Ltd., Cutera, Alma Lasers, Candela Corporation, El.En. S.p.A., Rohrer Aesthetics, Inc. among others.

Recent Developments Related to Major Players and Organizations

• In June 2022, Cynosure launched an upgrade to its PicoSure platform with the PicoSure Pro device which is the only FDA-approved 755nm picosecond laser in the US market. The device is used for skin revitalization and unwanted pigmentation.
• In March 2022, Aerolase extended its universal laser technology treatment range through a partnership with French device maker Clarteis SAS and launched Exci308TM, a handheld excimer phototherapy device.
• In Jan 2022, Lumenis launched the Splendor X device which can be used for pigmented lesions, treatment of wrinkles, vascular treatment, and hair removal. The device uses BLEND X technology and 755nm wavelength.
• In December 2021, Cutera launched the truSculpt flex+ an upgradation to its truSculpt flex muscle building technology. The new technology is a rapid treatment mode and will reduce the treatment time to a fraction of what it was taking earlier.
• In January 2021, Merz Aesthetics and Candela Corporation collaborated to provide comprehensive coverage of both aesthetic laser device products and service offerings in the injectable and skincare portfolios globally.

Conclusion

The global Aesthetic Laser device market is forecasted to continue its stable growth since 2017. One of the major trends driving market expansion is the spiraling demand for minimally invasive procedures as well as the growing awareness and trust of the consumers for such procedures. Though the market is fairly competitive with ~100 participants, few global players control the dominant share in terms of market revenue and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within a maximum of 2 working weeks.

Ken Research has recently published report titled, Global Aesthetic Laser Device Market Size, Segments, Outlook, and Revenue Forecast 2022-2028, segmented by Type, Application, and End-User. In addition, the report also covers the market size for each of the four regions' Aesthetic Laser device markets. The revenue used to size and forecast the market for each segment is USD million.

Market Taxonomy

By Type

• Standalone Lasers
• Multiplatform Laser
• Others

By Application

• Hair Removal
• Skin Rejuvenation
• Vascular Lesions, Acne & Scars
• Pigmented Lesion & Tattoo Removal
• Leg & Varicose Veins
• Other Applications

By End User

• Hospitals
• Private Clinics
• Medical Spas
• Others

By Geography

• North America (U.S., Canada, Mexico)
• Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
• Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific)
• LAMEA (Latin America, Middle East, and Africa)

Key Companies

• Cynosure, Inc.
• Aerolase Corp.
• Lumenis Be Ltd.
• Sciton
• Solta Medical
• SharpLight Technologies Ltd.
• Cutera
• Alma Lasers
• Candela Corporation
• El.En. S.p.A.
• Rohrer Aesthetics, Inc.

Global Canned Seafood Market is expected to record a positive CAGR of ~8% during the forecast period 2022-2028: Ken Research

 Canned seafood also called tinned seafood is processed food products, sealed in an airtight jar like a tin can, and subjected to heating. A normal shelf life of one to five years is provided by the food preservation technique of canning. According to Ken Research Analysis, the Global Canned Seafood Market is expected to record a positive CAGR of ~8% during the forecast period (2022-2028) and is expected to reach approximately US$ 50 billion by 2028.

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Key Trends by Market Segment

By Product: The tuna product segment held the largest market share in the Global Canned Seafood Market in 2021.

• Tuna being a good source of lean proteins is being increasingly demanded in various parts of the world. Omega-3 fatty acids found in fish, help to boost one's health. It strengthens the immune system, lowers blood pressure, eases depression, helps people lose weight, and prevents cancer.

By Distribution Channel: The supermarket/hypermarket distribution channel segment held the largest share of the Global Canned Seafood Market in 2021.

• Due to the availability of a broad variety of products and the convenience of making purchases through these types of sales channels, the segment of supermarkets and hypermarkets is anticipated to grow strongly. In these establishments, specific aisles are designated for various products, giving customers a wide range of choices. These mass merchandisers' new discounts and promotions are also anticipated to improve their sales results.
• A growing industry, online retail is anticipated to develop significantly over the next few years due to convenient payment methods and home delivery choices.

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By End User: The household end-user segment held the largest share of the Global Canned Seafood Market in 2021.

• The increased consumption of seafood by the household population owing to its high health benefits as well as the convenience of consumption due to its ready-to-eat factor is anticipated to propel the market growth. The survey conducted by the Associated Chamber of Commerce and Industry of India (Assocham) revealed that about 79% of households prefer instant food due to a steep increase in incomes and changing standards of living and convenience. This has benefited the Global Canned Seafood Market.

By Geography: Asia Pacific accounted for the largest market share in 2021 within the total Global Canned Seafood Market.

• Given the abundance of raw materials and canneries in the Asia Pacific region that is used for aquaculture, it is expected that the acceptance of canned seafood products would rise in the region. According to the Marine Products Export Development Authority (MPEDA), India exported 12.8 lakh MT of seafood worth US$ 6.68 billion in 2019 and is projected to increase by 12.6% by the end of 2032.
• The demand for ready-to-cook canned fish in emerging nations is also expected to fuel the market in the Asia Pacific region. Some of the biggest brands of canned seafood are operating in the region, which helps the local market grow even more.

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Competitive Landscape

The Global Canned Seafood Market is highly competitive with ~300 players which include globally diversified players, regional players as well as a large number of country-niche players.

Regional players constitute 40% while country-niche players stand at 55% of the total competitors. Some of the major players in the market include Bumble Bee Seafood Company, Nippon Suisan Kaisha, Ltd, The Thai Union Group, Maruha Nichiro Corporation, Wild Planet Foods, Trident Seafoods Corporation, Rosa Food Products Co., Inc., Connors Bros, Clover Leaf Seafoods Corp., StarKist Co., Mowi ASA, and others.

Conclusion

The Global Canned Seafood Market is forecasted to continue a gradual growth during the forecast period. Key trends driving market expansion include rising health awareness among people, increasing demand for processed and convenience, and advancements in manufacturing technology. The market is highly competitive with ~300 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

Note: This is a Planned/On-Demand report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

The Global Canned Seafood Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is segmented by product, end-user, and distribution channel. In addition, the report also covers market size and forecasts for the four major regions’ Canned Seafood Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Product

• Tuna
• Salmon
• Sardines
• Prawns
• Shrimps
• Other Seafood

By Distribution Channel      

• Supermarket/Hypermarket
• Convenience Store
• Specialty Store
• Online Retail

By End-user  

• Household
• Commercial

By Geography          

• North America (USA, Canada, and Mexico)
• Europe (Germany, UK, France, Spain, and Italy)
• Asia Pacific (China, Japan, South Korea, India, Indonesia, and Australia)
• LAMEA (Latin America, Middle East, and Africa)

Key Players  

• Bumble Bee Seafood Company
• Nippon Suisan Kaisha, Ltd
• The Thai Union Group
• Maruha Nichiro Corporation
• Wild Planet Foods
• Trident Seafoods Corporation
• Rosa Food Products Co., Inc.
• Connors Bros
• Clover Leaf Seafoods Corp.
• StarKist Co.
• Mowi ASA

Global Cloud Computing Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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The Cloud Computing Market was valued at US$ 300 Bn in 2017.  It is expected to capture the market size of US$ 450 Bn by 2022 and is projected to reach US$ 1200 Bn by 2028. It is expected to record a CAGR of ~15% during the forecast period, owing to an increase in demand for big data, and growth connected with artificial intelligence (AI) and machine learning (ML).

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Key Growth Drivers

• The Cloud Computing Market is largely driven by the growth in big data and higher adoption of artificial intelligence and machine learning. Moreover, the adoption of cloud-based solutions in developing economies such as India, China, Brazil, and Africa is expected to drive market growth in the near future.
• The widespread adoption of AI and ML technologies in businesses has increased data usage, which has further boosted big data services. This increased consumption of data and the requirement of efficient computational solutions for AI and ML is expected to create a larger opportunity space for Cloud Computing solutions/service providers and their end-users. Cloud Computing technologies also aid in increasing business productivity, improving decision-making processes, and lowering operating expenses.
• In March 2022, Microsoft Corporation launched Azure Health Data Service. It is a Platform as a service specifically designed to support both analytical and transactional workloads. It unifies health data and power AI in the cloud, exclusively supporting Protected Health Information (PHI).
• Cyber-attacks pose a major threat to cloud operations. Additionally, the lack of resources and technical skills required to operate cloud platforms and infrastructure pose challenges to the market growth
• Cloud computing services assist businesses in increasing operational effectiveness and cutting expenses. Additionally, these services have several benefits, such as flexibility, scalability, and agility. The data stored in the cloud is highly exposed to breaches and leaks despite high-security precautions. The amount of data being produced is growing, and businesses are starting to take more steps toward digital transformation. Enterprise data is exposed to risk from cyberattacks like Spectre, Meltdown, cloud malware injection assaults, account or service hijacking, and man-in-the-cloud attacks. Threats like these pose a severe challenge for market growth.
• In May 2022, Microsoft spent over US$100 million in providing technology support to the Ukrainian government, including cyber security. It has also developed an artificial intelligence system to log the time and date of Russian bombings to be used in future war crimes investigations.
• The Covid-19 pandemic accelerated the demand for collaboration solutions, remote-working models, and remote IT services, which in turn created a greater demand to utilize and adopt cloud computing solutions across different industry verticals.
• The enterprises witnessed a transformation in the business models from the third quarter of 2020 as organizations continued to migrate their workloads from traditional channels to digital formats. Various enterprises across different verticals adopted the work-from-home model to maintain employee well-being and operational efficiency, increasing the demand for Software-as-a-Service (SaaS)- based solutions.
• Microsoft Teams platform users surged to 44 million globally owing to the high demand for collaboration solutions. While the standalone 8x8 Video Meetings cloud solution witnessed a more than 300% surge in registered users in the last week of February 2020 across 150 countries.
• There was a substantial increase in the demand for streaming platforms, such as Amazon Prime, Disney+, Twitch, Netflix, Hulu, YouTube, and Apple TV. This surge in Video-on-Demand (VoD) has augmented the demand for Infrastructure as a service (IaaS) to tackle consumer demands.

Key Trends by Market Segment

By Services: The SaaS segment dominated the market among services of the Global Cloud Computing Market in 2021.

• SaaS products are expected to witness strong growth in the forthcoming years as their total cost of ownership (TCO) will be equal to that of the on-premise deployment models. The increasing number of businesses offering cloud-based services and increasing preferences for SaaS delivery models are expected to accelerate SaaS segment growth throughout the forecast period. SaaS offers a pay-as-you-go model that gives organizations greater flexibility and web-based subscriptions to access the program remotely. The SaaS delivery model focuses on delivering software solutions that have the potential to reach a wider audience.
• In 2021, Thoma Bravo acquired Medallia, an American customer and employee experience management company. The aim of this acquisition included leveraging proprietary Artificial Intelligence, enabling businesses to calibrate their customer experience. It accomplishes this by capturing feedback from customers on digital channels, social media, phone calls, and Internet of Things (IoT) integrations, pushing this data into AI analytics to gather raw insights.

By Deployment: The Hybrid segment accounted for the majority share among deployment modes of the Global Cloud Computing Market in 2021 and is expected to showcase the highest growth rate during the forecast period (2022-2028).

• Hybrid cloud is a cloud computing environment that practices a mix of on-premises, private cloud, and third-party, public cloud services with instrumentation between the two platforms.
• A hybrid model allows businesses to significantly switch between their on-premise infrastructure and public cloud services depending on the need for sensitive data and computation.

In October 2021 Alibaba Cloud, launched Apsara Stack, the next-generation hybrid cloud solution, to meet the needs of the retail industry to digitize its operations under the new hybrid retail concept.

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By Enterprises: Large enterprises segment captured the largest market share among enterprise segments of the Global Cloud Computing Market in 2021 and is expected to showcase the highest growth rate during the forecast period (2022-2028).

• The adoption of cost-efficient cloud solutions in the large enterprises segment is growing due to lesser downtime, and fewer expenditures than internal servers. Cloud computing solutions prevent conflicts and complications arising due to large sets of data gathered from large enterprises by enabling better data and document control.
• In a survey sponsored by the Accenture AWS Business Group, 45% of the respondents indicated lower infrastructure and storage costs and 27% eliminated compliance and legal fees.
• In December 2018, Microsoft announces the Intelligent Cloud Hub program to build an AI-ready workforce. The aim is to equip research and higher education institutions with AI infrastructure and build curriculum and faculty capability to skill students in AI and cloud technologies.

By End Users: The healthcare segment accounted for the largest market share among end-users of the Global Cloud Computing Market in 2021 and is expected to showcase the highest growth rate during the forecast period (2022-2028).

• Growing adoption of artificial intelligence and machine learning solutions by various retail and healthcare service providers is expected to boost the Cloud Computing Market during the forecast period
• The growth can be attributed to the increased deployment of cloud-based software, mobile application, wearable healthcare device, and smart healthcare equipment, among others.
• In January 2022, Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, announced the acquisition of healthcare data and analytics assets that were part of IBM’s Watson Health business. Under the ownership of Francisco Partners, the new standalone company will be called Merative and will be headquartered in Ann Arbor, Michigan. Merative brings together market-leading offerings that deliver value across the global healthcare ecosystem, serving clients in life sciences, provider, imaging, health plan, employer, and government health and human services sectors.

By Geography: North America accounted for the largest share among all regions within the Cloud Computing Market in 2021.

• North America is also expected to dominate the market in terms of revenue during the forecast period due to the early adoption of technologies such as Artificial Intelligence, robotics, IoT, and cloud. The presence of prominent cloud providers, including IBM Corporation, Microsoft Corporation, Oracle Corporation, and others contribute to the region’s demand for cloud-based solutions. The cloud service providers focus on investing in technical skills, partnerships, and expansion of cloud centers.
• The use of cloud-based solutions in developing nations like India, China, Brazil, and Africa is expected to grow in the market. As developing economies, these countries require cost-effective infrastructural solutions due to a lack of adequate technologies and finance. By utilizing cloud solutions, developing nations have managed to reduce their IT expenditures during the COVID-19 pandemic situation. Organizations are fully able to utilize on-demand, scalable cloud models to achieve cost-effectiveness and business continuity to accelerate their aims for digital business transformation.
• In February 2022, Kyndryl, an American multinational information technology infrastructure service provider that design, build, manages, and develop large-scale information, partnered with AWS to launch the AWS cloud center of excellence. Through this partnership, Kyndryl plan to build its infrastructure in the AWS cloud.

Asia Pacific is expected to grow at an exponential rate. The rise in solutions or cloud-based solutions in the manufacturing and healthcare industries is driving the expansion. In addition, the region’s growth is predicted to be fueled by rising demand for smart electric vehicles, increasing internet penetration, and expanding digitization.

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Competitive Landscape

The Global Cloud Computing Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in a cloud-based solution, and technologies. The Cloud Computing market's growth is heavily reliant on IoT-based applications. Nowadays, numerous cloud-based companies, including Amazon, Google, HPE, Oracle, and IBM collaborate and acquire companies to expand their presence in Cloud Computing. The company focuses on cloud solutions and services are constantly focusing on R&D activities, product enhancements, and new product launches with the integration of big data, artificial intelligence, and machine learning.

Country-Niche players constitute about ~60% of the total competitors, while regional players comprise a share of ~30%. Some of the major players in the market include Microsoft, AWS, Salesforce, Oracle, SAP, Google, Workday, Adobe, IBM, Alibaba, VMware, and HPE among others.

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Recent Developments Related to Major Players

• In July 2022, Oracle collaborated with Claro, a Mexican telecom group. This collaboration focused on jointly offering Oracle Cloud Infrastructure (OCI) services to the public as well as private sector organizations and enterprises in Colombia. In addition, the collaboration would accelerate the technology modernization of businesses and customers across Latin America. The collaboration with Claro is also expected to accelerate cloud adoption, stimulate economic recovery, and spur competitiveness in these nations.
• In Jun 2022, Oracle entered into a partnership with Kyndryl, an IT infrastructure services provider. From this partnership, the companies aimed at helping consumers accelerate their journey to the cloud by delivering managed cloud solutions to enterprises all over the world. This partnership is expected to expand the company's reach, helping more consumers across the world move critical workloads to the cloud.
• In Jun 2022, AWS signed an agreement with Redington India, an information technology (IT) provider. From this agreement, the companies focused on driving cloud technology adoption in India. This agreement also aims to enable the power of the AWS Cloud to more partners and customers across the metros, and tier-2 and 3 cities in India.

Conclusion

The Global Cloud Computing Market is forecasted to continue rapid growth, which is primarily driven by the integration of Big Data, Artificial Intelligence, and Machine Learning with the cloud. The market size is estimated to be US$ 450 Bn by 2022 and is expected to reach US$ 1200 Bn by 2028 growing with a CAGR of ~15%. North America is the dominant region in the globe however Asia Pacific region is expected to grow at a higher pace. Though the market is highly competitive with ~500 participants, few global players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Cloud Computing Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. PaaS and SaaS are mostly adopted in the Cloud Computing Market based on service. In addition, the report also covers market size and forecasts for the four major regions namely North America, Europe, Asia Pacific, and LAMEA. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Service	IaaS PaaS SaaS
By Deployment	Public Private Hybrid
By Enterprises	SMEs Large enterprises
By End-User	Banking, Financial, Services, and Insurance IT and Telecom Retail & Consumer Goods Manufacturing Energy & Utilities Healthcare Media & Entertainment Government & Public Sector Others
By Geography	North America USA Canada Mexico Europe Germany UK France Italy Spain Asia Pacific China Japan India AustraliaSouth Korea LAMEA Latin America Middle East Africa
Key Companies	Microsoft Corporation Amazon Web Services Salesforce. Com, Inc. Oracle Corporation Systems, Application & Products in Data Processing Google LLC Workday Inc. Adobe System Incorporation International Business Machines Alibaba Group Holding Limited Virtual Machine Software Hewlett Packard Enterprise

Global Ultrafast Lasers Market is expected to reach a market size of ~US$ 4 billion by 2028: Ken Research

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Ultrafast Lasers are lasers, which emit optical pulses i.e. flash of light for an ultrashort duration such as picosecond (10^-12 seconds) or femtosecond (10⁻¹⁵ seconds) time. There are different types of ultrafast lasers such as mode-locked lasers, titanium-sapphire lasers, and more which are widely deployed in consumer electronics, medical, automotive, aerospace & defense, and industrial end-user industries for micromachining, bio imaging, and medical device fabrication purposes.

According to Ken Research Analysis, the Global Ultrafast Lasers Market was valued at ~US$ 1 billion in 2017. It is estimated to be ~US$ 2 billion in 2022 and is expected to reach a market size of ~US$ 4 billion by 2028 growing with a CAGR of ~12% during 2022 to 2028.

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The adoption of ultrafast lasers for dimensional accuracy is driving the growth of the global ultrafast lasers market.

• The degree to which a printed object matches the dimensions and specifications of the original file is known as dimensional accuracy.
• The demand for dimensional accuracy devices due in consumer electronics, networking and telecom, transportation, and healthcare industries is significantly increasing.  The dimensional accuracy devices can help with better 3d printing of 3d medical devices, 3d metal, and more.

Complications during the manufacturing of ultrafast lasers is one of the major challenges hindering the growth of the global ultrafast lasers market.

• While the ultrafast lasers market is growing due to the demand for improved dimensional accuracy ultrafast lasers, other factors such as manufacturing complications, are likely to restrain the market growth. Several complications such as nonlinear effects during beam propagation and interaction process are making the overall ultrafast lasers more expensive, and slow the working.

The COVID-19 pandemic slowed the growth of the Global Ultrafast Lasers Market, owing to the worldwide lockdown by governments, which led to the shutdown of production and manufacturing activities as well as the unavailability of workers in various industries. As a result, production showed a decline in the Global Ultrafast Lasers market.

Key Trends by Market Segment

By Type:  The Fiber Lasers segment by Type held the largest market share in 2021 of the Global Ultrafast Lasers Market.

• The growth is primarily due to the high output power, high beam quality, highly efficient gain medium, and high reliability as compared to other lasers.
• Fiber lasers are used to achieve light amplification in optical fibers, which contain rare earth metal ions such as ytterbium, neodymium, thulium, and more. These ions are able to absorb most light and emit photons at specific frequencies, which provide fiber lasers with better gain distance thus offering better quality and output.

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By Application: The Bio imaging segment accounted for the largest market share in 2021, and is expected to dominate its position during the forecast period.

• The growth is primarily due to bio imaging’s specific ability to view any specimen in a 3-D structure without any kind of physical disturbance.
• Bio imaging is the technique that allows non-invasive real-time visualization of biological processes i.e. zero involvement of any kind of instruments in the body.

By Pulse Duration: The Femtosecond segment accounted for the largest market share in the Pulse Duration segment in 2021.

• The growth is primarily due to the adoption of ultrafast lasers in the field of portable electronics, mobile phones, microprocessors, memory chips, and display panels.
• In September 2019, Amplitude Laser has developed a Femtosecond GHz burst laser system that is capable of producing UV light which will improve the micro-machining outputs.

By End-User: The consumer electronics segment accounted for the largest market share in the end-user segment in 2021.

• The growth is primarily due to the rising consumer electronics demand and new technological advancements such as small size and fast processing speed.
• As the size of electronics products is, now becoming more downsized, tighter dimensional tolerances are required in order to fit the components into ever-smaller form factors and support the growth of the ultrafast laser sector.

By Geography: Asia Pacific accounted for the largest market share among all regions within the total Global Ultrafast Lasers Market in 2021.

• The growth is primarily due to the adoption of ultrafast lasers in automotive and consumer electronics end-user industries.
• As the requirement for ultrafast lasers is growing in the electronics and automotive industries. This Asia pacific is anticipated to have significant growth over the course of the forecast period because of technological advancements and the presence of major electronics OEMs in the region, notably in countries like china and japan.

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Competitive Landscape

The Global Ultrafast Lasers Market is highly competitive with ~200 players, which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Ultrafast Lasers technology. Large global players constitute ~10% of competitors, while country-niche players represent ~60% of competitors. Most of the regional and country-niche players are either components suppliers or assembling partners of global players. Some of the major players in the market include Amplitude Laser, Coherent Inc., DPSS Lasers Inc., TRUMPF, Ekspla, MKS Instruments Inc., Jenoptik Laser GmbH, IMRA America, Lumentum Holdings, IPG Photonics and among others.

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Recent Developments Related to Major Players

• In February 2022, Trumpf acquired Active Fiber Systems which is the fiber laser-based company situated in Jena, Germany. This acquisition will help Trumpf to expand in living fiber laser technology, which is focused on industrial applications such as precision welding and additive manufacturing.
• In April 2022, Amplitude Laser acquired MW Technologies, which is an optical fiber lasers developer based in Portugal. This acquisition will help amplitude lasers to improve their production ability worldwide. MW Technologies’ name has been changed to Amplitude Portugal thus making its 4^thmanufacturing Unit and R&D center across the world.

Conclusion

The Global Ultrafast Lasers Market is forecasted to grow exponentially with a CAGR of ~12% during the forecast period primarily driven by the adoption of Ultrafast Lasers for dimensional accuracy in the consumer electronics sector. Though the market is highly competitive with ~ 200 participants, few global players control the dominant share and country-niche players hold a significant share. Asia Pacific is the dominating region, owing to the adoption of ultrafast lasers in the automotive and electronics industries.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled Global Ultrafast Lasers Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 That is segmented by Type, Application, Pulse Duration, and End-User. In addition, the report also covers market size and forecasts for the four major regions for Global Ultrafast Lasers Markets. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Type

Mode-Locked Lasers

Titanium- Sapphire Lasers

Fiber Lasers

Others

By Application

Micromachining

Bio imaging

Medical Device

Others

By Pulse Duration

Picosecond

Femtosecond

By End-User

Consumer Electronics

Medical

Automotive

Aerospace & Defense

Industrial

Others

By Region

North America (USA, Canada, and Mexico)

Europe (France, Italy, Germany, Spain, UK, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Indonesia, and Rest of Asia Pacific)

LAMEA (Latin America, Middle East, and Africa)

Key Players

Amplitude Systems (Amplitude Laser)

Coherent Inc.

DPSS Lasers Inc.

TRUMPF

Ekspla

MKS Instruments Inc.

Jenoptik Laser GmbH

IMRA America

Lumentum Holdings

IPG Photonics

Global Packaging Machinery Market is expected to record a positive CAGR of ~5% during the forecast period 2022-2028: Ken Research

Packaging machinery is a device that is widely used to package products and components. It performs a variety of functions such as filling, container cleaning, bagging, packing, bottling, sealing, wrapping, shrink film, labeling, inspection and weight checking, and many others. It plays a significant role in ensuring the safety of products and providing temper resistance packaging and facilitating the packaging of small sachets to big cartoons.

It is primarily employed for the final step of the manufacturing and first step of transportation. Packaging machinery is required by various logistic organizations to package their products before shipping.

According to Ken Research Analysis, the Global Packaging Machinery Market is expected to record a positive CAGR of ~5% during the forecast period (2022-2028) and is expected to reach nearly US$ 63 billion by 2028, owing to the increasing demand for consumer goods along with rising popularity of e-commerce platform to shop different products.

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Growing Innovations and Advancements in Technology are some of the factors driving the market growth.

• The growing demand for highly efficient packaging machines among end-user industries coupled with advancements in technologies such as robots, automation, and others to scale up the business efficiently, is likely to propel the growth of the market.
• The rising demand for packaged food and beverages products along with increasing consumer spending on pharmaceutical and personal care products is expected to boost the demand for packaging and packaging machinery among end-users.

The Global Packaging Machinery Market faces challenges due to the Requirement for High Initial Investment

• Advanced technology and automated packaging machines are highly expensive and require high initial investment which makes it difficult for small and medium-sized manufacturers to afford the packaging machinery, which may slow down market growth.

The COVID-19 pandemic negatively impacted the Packaging Machinery market initially due to the imposed lockdown, the demand and supply for packaging machinery got impacted. International packaging machine deliveries were delayed to curb the pandemic situation. In addition, COVID-19 affected consumer shopping at convenience and retail stores and also impacted the E-commerce sector due to which the demand for packaging and packaging machinery declined.

Key Trends by Market Segment:

By Machine Type:  Filling segment held the largest share of the Global Packaging Machinery Market in 2021, owing to the increasing demand for filling machines in various industries.

• Filling machines are widely used to fill bottled water and other liquids, and are widely used in various end industries such as pharmaceuticals, food & beverages, chemicals, and others. The demand for different filling machines such as overflow filling machines, gravity filling machines, pump filling machines, piston filling machines, and others among end-users is anticipated to drive the growth of the segment in the market.

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By Operations: Autonomous segment accounted for the largest share of the Global Packaging Machinery Market in 2021, due to the growing demand for automated packaging machines among end-user industries to scale effectively while controlling the cost of operations.

• The highly advanced autonomous packaging machinery offers various benefits including reduced labour cost, reduced damages, increased throughput and productivity, consistent packaging results, and others, which are attracting various end-users and are likely to boost the demand for the segment in the market.

By Technology: General Packaging segment accounted for the largest share of the Global Packaging Machinery Market in 2021, owing to its simple operation and maintenance.

• The demand for packaging various products including food & beverages, chemicals, personal care, and others efficiently in a shorter time is expected to propel the growth of the segment in the Global Packaging Machinery Market.

By End-User: Food and Beverages segment accounted for the largest share of the Global Packaging Machinery Market in 2021, owing to surging demand for packaged food and beverages products as they are convenient and easy to carry.

• Increased spending of consumers on packaged food products coupled with rising consumption of organic and healthy food items require special packaging, which in turn is expected to boost the demand for highly efficient packaging machineries.

By Distribution Channel: Direct segment accounted for the largest share of the Global Packaging Machinery Market in 2021, due to the personalized experience of purchasing packaging machinery directly from the manufacturer.

• The direct distribution channel ensures that there is no delay in delivery and it also ensures the authenticity of the product, which is attracting the end-users. The aforementioned factor is likely to boost the growth of the segment in the market.

By Geography: Asia-Pacific region accounted for the largest share of the Global Packaging Machinery Market in 2021, owing to the rising consumption of packaged products and rising consumer purchasing power.

• The increase in investment in the manufacturing sector from developing countries like India, China, and others coupled with the expansion of the food and beverages industry is expected to boost the demand for packaging as well as packaging machinery.

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Competitive Landscape

The Packaging Machinery Market is highly competitive with ~200 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in Packaging Machinery.

Country-niche players comprise around 55% of the total number of competitors, while the regional players comprise the second highest of the total number of competitors. Some of the major players in the market include Krones AG, Robert Bosch GmbH, Coesia, I.M.A. Industria Macchine Automatiche S.P.A., Langley Holdings plc, KHS Group, CKD Corporation, Barry-Wehmiller Companies, The Adelphi Group Of Companies, And Fuji Machinery Co.,Ltd., among others.

The leading global Packaging Machinery companies such as KHS Group, Coesia, Langley Holdings plc, and Krones AG are highly focused on strategic developments such as advanced feature packaging machine launches, joint ventures, acquisitions, partnerships, and others to grow in the market.

Recent Developments Related to Major Players

• In August 2022, KHS Group boosted its packaging line and equipment with the 3D planning method. The 3D software helps demonstrate to the customers how the new packaging equipment would fit in their current facility. The company aims to depict machinery in 3D to improve the planning process and expand its product portfolio.
• In April 2022, Langley Holdings plc received “The Queen's Award for Enterprise” for their business division Bradman Lake Ltd, the group’s UK-based packaging machinery specialist. The Queen’s Award shows that the company is committed to new product innovation to meet the demand of fast moving consumer market.

Conclusion

The Global Packaging Machinery Market is forecasted to continue a moderate growth, primarily driven by the growing demand for Packaging Machinery in various industries such as food and beverages, pharmaceuticals, personal care, chemicals, and others. The increasing consumption of packaged goods coupled with the rising adoption of automated and advanced technology packaging machinery to efficiently pack products is anticipated to propel the growth of the Global Packaging Machinery Market. Though the market is highly competitive with over 200 participants, global players control the dominant market share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

The Global Packaging Machinery Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is segmented by machine type, operations, technology, end-user, and distribution channel. In addition, the report also covers market size and forecasts for the four region's Packaging Machinery Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

Machine Type

• Filling
• Labeling
• Form-Fill-Seal
• Cartoning
• Wrapping
• Palletizing
• Bottling Line

By Operations

• Autonomous
• Semi-Autonomous

By Technology

• General Packaging
• Modified Atmosphere Packaging
• Vacuum Packaging

By End User

• Food and Beverages
• Pharmaceuticals
• Personal Care
• Industrial and Chemicals

By Distribution Channel

• E-Commerce
• Direct

By Geography

• North America (USA, Canada, and Mexico)
• Europe (Germany, UK, France, Spain, and Italy)
• Asia Pacific (China, Japan, South Korea, India, Indonesia, and Australia)
• LAMEA (Latin America, Middle East, and Africa)

Key Players

• Krones AG
• Robert Bosch Gmbh
• Coesia
• M.A. Industria Macchine Automatiche S.P.A.
• Langley Holdings Plc
• KHS Group
• CKD Corporation
• Barry-Wehmiller Companies
• The Adelphi Group Of Companies
• Fuji Machinery Co.,Ltd.