The Global Gym Industry Has a Growth Rate Of around 8.5% Per Year in The Upcoming Years, Making It One of the World’s Fastest-Growing Sectors - Ken Research

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The Global Fitness Services Market is fragmented and has high intensified competition within industry players. Top players such as LA Fitness, Life Time Fitness, 24 Hour Fitness, and Anytime Fitness are the key players in Global Fitness Services Market. The market is largely driven by growing awareness about importance of health, the rising disposable incomes worldwide.

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1. The pandemic helped the global fitness app market reach a valuation of nearly $4 billion in 2020.
Fitness Apps Such as Fitbit Cure. Fit and Home Workout and Others are Enabling the Fitness Market to grow more in the coming years. The advent of fitness apps has played a key role in the increased popularity of exercising throughout the nation. This has encouraged health awareness and exercising to become an essential trend, which has been burgeoning among people in the world. The market size of the fitness industry in world reached more than USD 200 billion in 2021, with a robust CAGR.

2. There Are More Than 180 Mn Gym Members in Total Worldwide: Showing Growing Health Awareness Amongst the People.

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Fitness industry is growing to be biggest in the world as more and more people are increasingly taking up gym membership in lieu of growing health awareness and stress management. During the forecast period, the increasing sense of health-consciousness amongst the consumers is expected to stimulate the demand for taking fitness services.

3. There Are More Than 200,000 Gyms Available to Members Worldwide.

Fitness clubs provide customers with the infrastructure for their workouts and physical activity in exchange for a membership fee. The market size of the global fitness industry has been steadily increasing in recent years. Some of the largest health clubs worldwide in terms of revenue include 24 Hour Fitness and Life Time Fitness. At the very top of this list sits LA Fitness, which generated revenue exceedingly around 2 billion U.S. dollars in 2018. Moreover, the country with the most gyms is the United States with 41,370 locations. Brazil has the 2nd most gyms with around 29,000 and Mexico has the 3rd most with around 12,000.

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Global Fitness Service Market

Global Industrial Packaging market is growing at a double digit CAGR in 2017-2022 and is expected to reach USD ~ Bn by 2027 – Ken Research

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What Is The Size Of Global Industrial Packaging Industry?

The Global Industrial Packaging Market is largely driven by changing demand for sustainable and recyclable industrial packaging products keeping in view the health and environmental issues.

Global Industrial Packaging Market is at a growing stage. It is a fragmented market with the presence of many packaging companies. The packaging market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more personalized learning platform.

Few major global Industrial players are WERIT Kunststoffwerke W. Schneider GmbH & Co, Mondi Plc, Greif Inc, Mauser Packaging Solutions, WestRock Company. The high growth rate can be attributed to many middle-income groups in developing countries like India, a preferred market for vendors.

An increase in awareness and lifestyle changes is the fundamental driver of Packaging market growth. Customers are more likely to remain loyal when their needs are customized. Depending on the size, texture, color, and design of the beverage packaging, the packaging solutions can be customized.

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Global Industrial Packaging Market by product type

The Global Industrial Packaging market is segmented by product type. Corrugated boxes were the most dominant form of provider used in the global beverage market in 2022.

Global Industrial Packaging market by kind of material

The Global Industrial Packaging market is segmented by kind of material into Plastic, Wood, Metal, Paperboard and Others. Paperboard was the most dominant in 2022.

Global Industrial Packaging Market By End User

The Global Industrial Packaging market is segmented by End User into Food & beverage, Automotive, Pharmaceutical, Chemical, Oil & Lubricant, Building & Construction, Others. Food & beverage was the most preferred form of course in 2022 in Global Industrial Packaging market.

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Global Industrial Packaging Market By Region

The Global Industrial Packaging market is segmented by Region into North America, Europe, Asia Pacific, Middle East & Africa and South America. Asia Pacific held the major market share in Global Industrial Packaging market in 2022.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Packaging Machinery Manufacturers
• Packaging Machinery Investors
• Packaging Machinery Providers
• Packaging Machinery Suppliers
• Packaging Machinery Components Suppliers
• Allied Industries of Packaging Machinery
• Government Ministries and Departments of Engineering Industry
• Packaging Machinery Research and Development Companies
• Potential Entrants into Packaging Machinery Industry

Time Period Captured in the Report

• Historical Period: 2017-2022
• Base Period: 2022
• Forecast Period: 2022-2027

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Global Industrial Packaging Market

Exide industries: Assumed Li-ion Battery Business Shines with Rs1700 Crore Revenue – Ken Research

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Exide Industries, a prominent player in the storage battery market, confidently asserts its substantial lead over competitors in the lithium-ion battery business. To solidify its position, the company established a wholly-owned subsidiary called Exide Energy Solutions in 2022, anticipated to commence operations by the end of FY25, the cell manufacturing factory represents a significant investment of ~Rs4000 crore in its initial phase.

The current order book for the Exide industries module and pack making facility amounts to ~600-700 crore. These orders are expected to be fulfilled within the next 12-15 months. The company is geared up to execute these orders efficiently, ensuring timely delivery and meeting customer requirements.

1. Joint Venture: A Game-Changing Move?

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In a strategic move to enter the lithium-ion battery systems and energy solutions sector and tap into India's electric vehicle market, the company established a joint venture with Leclanché SA, headquartered in Switzerland. The joint venture has come into market in June 2018, the joint venture has been actively involved in manufacturing lithium-ion battery modules and packs in Gujarat. Nexcharge has so far invested INR~2.5 Bn in building and setting up the plant which has also have cell testing lab.

2. Will Exide Industries Benefit from Governmental Reforms?

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The Central Government recently approved a PLI scheme on such batteries. The scheme outlay of Rs 18,100 crore is intended to establish 50 Giga Watt Hour (GWh) of advanced cell chemistry and 5 GWh of niche advanced cell chemistry. Exide is currently rising the game by setting-up a green-field multi-gigawatt lithium-ion cell manufacturing unit in Karnataka. The total estimated cost for the project is INR 6000 Cr.

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India EV lithium battery Market

With a CAGR of 5.4% between 2017 & 2021 Innovative Warehousing technologies are changing the warehousing ecosystem for good. Is it a feasible solution for long term growth? – Ken Research

 1. Increasing demand for cold chain facilities coupled with investments in automated warehousing facilities are gaining traction in UAE warehousing market.

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Manufacturers and logistics companies are adopting advanced technologies for improved productivity & efficiency, improved customer experience, pushing advanced inventory control high up the industry agenda and sharpening cost-control, space optimization and competitiveness. Increasing demand for food quality, availability, and delivery has resulted in the rising importance of cold chain warehousing facilities in the global food distribution sector. Moreover, increasing demand for food quality, availability, and delivery has resulted in the rising importance of cold chain warehousing facilities in the global food distribution sector.

2. Increased Automation due to rising Investment in Newer Technologies is driving the demand for Modern Warehouses in UAE

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Next generation supply chains in UAE are utilizing robotics and automation to perform task such as picking, sorting, inspecting, handling to improve overall efficiency and speed to market. Some warehouses are turning to autonomous vehicles to bring merchandise to sortation while Drones & RFID will be used for Inventory Management. The opportunities seem endless which will result in greater efficiency and productivity.

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UAE Logistics Market Report

The Global Industrial Packaging Industry generated $ 60 Bn revenue in 2022-How will the market further shape in future? Ken Research

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Increasing industrialization, growing e-commerce sector, shift towards sustainable packaging and Healthcare industry expansion are major factors contributing towards development of Global Industrial packaging Market.

1. The COVID-19 pandemic has had both positive and negative impacts on the Industrial Packaging Market.

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There is growing demand for customized packaging. Industries are increasingly adopting customized packaging solutions to meet specific product requirements and enhance brand differentiation. Customization offers benefits such as improved product presentation, better shelf visibility, and enhanced consumer engagement. The healthcare industry's growth, driven by an aging population, advances in medical technology, and increasing healthcare spending, has contributed to the demand for specialized packaging solutions for pharmaceuticals, medical devices, and healthcare products.

2. Recycling and environmental concerns associated with the Industrial Packaging Market.

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According to the World Economic Forum, every year, at least 8 Mn tons of plastic leaks into the ocean, which is equivalent to dumping the contents of one garbage truck into the ocean every minute. This is expected to increase to two per minute by 2030 and four per minute by 2050, which can destroy the ecosystem. About 90% of all the trash in the oceans is from plastic. Estimates suggest that industrial packaging represents the major share. Hence, recycling becomes a major challenge in the industrial packaging industry, which provides re-use value, and results in lower wastage.

3. The role of Government around the world in Global Industrial Packaging Market

Governments around the world are implementing regulations to ensure that industrial packaging materials are safe for consumers and the environment. These regulations are observed to boost the production of industrial packaging in a sustainable way. Along with the rising demand for sustainable packaging solutions from multiple industries, technological advancements in packaging solutions are observed to fuel the market’s growth. Technological advancements have led to the development of new packaging materials, such as biodegradable and compostable materials, which are environmentally friendly and have better properties than traditional packaging materials.

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Global Industrial Packaging Market

 

UAE’s Logistics Market to grow at the rate of 7.5% in the upcoming period between 2021-2026 owing to government initiatives such as Expansion of sea ports alongside technological innovations such as Real-Time Tracking : Ken Research

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History of steady growth alongside a positive future forecast provides UAE’s logistics Market increasing confidence & interest of stakeholders, says a report by Ken Research

1. Expansion of existing sea ports, emergence of e-commerce sector coupled with rising maritime, air cargo & land transport sector serves as major catalyst for the growth and development of logistics industry in UAE.

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The government of UAE is aiming to establish it as a Logistics Hub by huge investments in the infrastructure. Initiatives such as development of sea ports (USD 1.09 Billion to enhance logistical infrastructure for serving trading operations) alongside a growing pharmaceutical & maritime industry will help UAE government to achieve the economic growth targets by 2040. The country’s strength lies mainly in its maritime sector. As per relevant data, the Bunker Supply Index ranked UAE 3^rd globally in transport services and 5^th globally as a key competitive maritime hub. As of 2022, there were more than 10 million cubic meters of crude and oil products storage capacity at Fujairah, making Fujairah the world’s No. 3 bunkering hub, which contributes in strengthening UAE’s position as a reliable supplier of crude oil. All in all, the country has a huge potential when it comes to expansion of its logistics sector.­­­­

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2. “Integrating Technology to market’s growth prospects:” With the increasing technological innovations and advancements across the world, logistics sector in UAE is also getting benefitted.

Technology options such as Real Time Tracking, Control Tower, smarter operations & greater service quality serve as a major benefit for UAE’s Logistics Market. A major benefit of technologies such as warehouse Management System is that) it further optimizes and accelerates key warehousing tasks by directing receiving, put-away, picking, packing, shipping and space utilization along optimized routes is that they have a large Shipper and Trucker Base and offer services such as Freight Listing, Freight Brokerage and Online Transactions to earn revenue. All in all, technological innovations are anticipated to be inculcated deep into the logistics systems in UAE.

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Technological Trends in UAE’s Logistics Market

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Global Lubricants Market by Type of Lubricant (Automotive Lubricant)

The Global Automotive Lubricants market is segmented by type of lubricant into Passenger oil, heavy duty diesel engine oil, hydraulic oil, gear oil & greases. Motor oil is projected to dominate the Global lubricants market in the upcoming years.

Global Lubricants Market By Type Of End Use (Industrial Lubricant)

The Global Industrial Lubricants market is segmented by type of end use into Metal production, general manufacturing, food industry, commercial & others. Transportation is anticipated to be the largest end –use industry. The high demand can be attributed to high demand in railway, aviation & marine sector.

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Global Lubricants Market by Type of END USE (Automotive Lubricant)

The Global Automotive Lubricants market is segmented by type of end use into Commercial vehicle, passenger car, motor cycle, marine, others. Commercial segment is expected to grow at a fast pace. Reason being, rapid industrialization.

Competition Scenario In Global Lubricants Market

The Global Lubricants market is consolidated with major players occupying almost half of the market. The key players operating in the market are not only competing based on product quality and promotion but are also focusing on strategic moves to hold larger market shares. The major companies dominating the Global Lubricants market for its products, services, and continuous product developments are Castrol, Saudi Aramco, Chevron, Gulf, Fuchs, Petromin, Valvoline, Total Energies among others.

What is the Expected Future Outlook for the Global lubricants Market Across the globe?

The Global lubricants market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global lubricants market is driven by is driven by rapid industrialization, rise in process automation in most of the industries & an increase in the number of on-road vehicles. Moreover, an ever-evolving e-commerce sector & demand for renewable energy serve as major opportunities for the market. However, volatile crude oil prices & environmental norms can possibly hinder the market growth.

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The Global Lubricants market is expected to grow at a steady rate during the period 2022-2027. The market is driven by rapid industrialization, rise in process automation in most of the industries & an increase in the number of on-road vehicles. Moreover, an ever-evolving e-commerce sector & demand for renewable energy serve as major opportunities for the market. However, volatile crude oil prices & environmental norms can possibly hinder the market growth. The rising possession of passenger cars & rapid industrialization is expected to contribute to the market growth over the forecast period. The market is expected to grow at a ~% CAGR during 2022-2027 owing to high penetration with multiple players.

Key Target Audience

• Lubricants Manufacturers
• Lubricants Distributors
• Base-oil Companies
• Additive Companies
• Refining Companies
• Construction and Mining Industry
• General Manufacturing Industry
• Metal Production Industry
• Power Generation Industry
• Food Processing Industry
• Agriculture Industry
• Medical Industry
• Automotive OEMs

Time Period Captured in the Report:

• Historical Period:2017-2022
• Base Year: 2022
• Forecast Period: 2022-2027

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Global Lubricants market

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Spicing Up the Plate: India’s Packaged Food Market Sizzles as Ready-to-eat Delights Take Center Stage – Ken Research

 The desire for convenience items driven by busier lifestyles is consistently giving India's packaged food industry a big boost. Due to the introduction of modern technology, as well as other developments like urbanization, busier lifestyles, a rise in the number of women working, and the growth of nuclear families, Indian cooking methods have seen significant changes in recent years. To save time on meal preparation, people are increasingly turning to ready-to-eat food options. People are becoming more aware of the health and sanitary standards linked with food products due to increased media exposure, literacy rates, and standards of living. Recently, especially in urban and semi-urban areas, there has been a movement in the customers' priorities from price to quality. The consumption of hygienically packaged fortified foods has been replacing openly or loosely offered food goods.

Here is an overview of India’s Packaged food industry directly from the Ken Research exclusive report. Read out to know the exciting trends and future possible opportunities in the market.

1. India is classified as an emerging and developing country (EDC) which is currently experiencing rapid economic development changes leading the country to be one of the largest economies

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2. In the country, there has been a noteworthy change in the eating habit in Metropolitan Cities. Due to the fast-paced life in urban cities, about 79% of the urban people prefer to have ready-to-eat food in their regular meal

3. Due to this, the packaged food market has seen multiple changes in terms of packaging or distribution along with an increasing number of supply-side entities to meet the rising consumption demands

4. Presently, India’s Packaged Food Market is driven by the changed consumer behavior over the years considering healthy substitutes, safety and hygiene, shelf life, and more

5. The market is anticipated to grow owing to the changes in the population growth trends with the rise in working population along with their rising preferences for packaged snacks food

Some of the Intelligence Curated by Ken Research in Packaged Food Market Space:

• Germany Packaged Food Industry Outlook to 2018 - Focus on Nutritional Food and Staples Market
• Vietnam Edible Oil Market Outlook 2026F driven by Rise in Disposable Income, Prevalence of Health Problems and Increasing Inclination towards Healthy Lifestyle
• Vietnam Pudding Market Outlook to 2025F – Driven by Robust Population of Millennial Consumers along with Proliferation of Food Tech Apps
• Thailand Frozen Foods Market Outlook to 2022 - By Type of Frozen Foods (Frozen Seafood and Meat, Frozen Ice-Cream and Desserts, Frozen Ready-to-Eat Meals and Frozen Processed Fruits and Vegetables) and By Cities (Bangkok, Phuket, Pattaya, Chiang Mai and Others)
• India Online Meat Delivery Market outlook to FY2027F - Driven by the assurance of safety and hygiene by the online players, new innovative product categories and doorstep express service

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India’s Packaged Food Market

The Global Pharmacy Retail Market Is Growing At A Robust CAGR In 2017-2022 And Is Expected To Be A $1 Trillion Market By 2027 – Ken Research

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Global Pharmacy Retail Market By Drug Type

The Global Auto Finance market is segmented By Drug Type into Patented Drugs and Generics.

Competition Scenario in Global Pharmacy Retail Market

The Global Pharmacy Retail Market is medium to highly competitive. Major players in the Pharmacy Retail market globally include Ahold Delhaize, Albertsons Companies Inc., Cipla, CVS Pharmacy, GlaxoSmithKline, Loblaw, Merck KGaA, Novo Nordisk and Sanofi, etc. Competition is expected to intensify by the end of the forecast period due to the lucrative opportunities available to various players in the market.

What is the Expected Future Outlook for the Overall Global Pharmacy Retail Market? 

The global Pharmacy Retail market was valued at USD 600 Bn in 2022 and is projected to reach USD 1 trillion by 2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

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Changing disease profiles, innovative marketing strategies, the introduction of new business models and an upsurge in hospital-based pharmacies and wellness stores have been anticipated to propel thrust in the sales of pharmaceutical retail in the future. The growing incidence of chronic diseases like hypertension, diabetes, cardiovascular diseases, and cancer, which require prolonged medication, is expected to further drive the growth of the pharmacy retail market during the forecast period. With the rise in public healthcare expenditure, pharmaceuticals have become more accessible, thereby fueling the pharmacy retail market, especially in rural areas and tier-II cities.

Competition is projected to intensify in the coming years, particularly from big-box retailers and mail-order and online pharmacies. The pandemic motivated many consumers to use mail-order and online pharmacies to reduce their risk of exposure to COVID-19, some of whom will continue to use these services rather than go back to their local pharmacy. Payors have also steered consumers toward mail orders, such as by covering a 90-day supply of medications delivered to the home versus only a 30-day supply available at a brick-and-mortar pharmacy. Finally, Internet pharmacies are aggressively targeting cash-paying customers by offering medications at a reduced cost.

Moreover, the COVID-19 pandemic has accelerated the growth in traditional pharmacy retail outlets as well as online pharmacy channels. Globally, medical retail outlets were categorized as essential services, but online pharmacies emerged as the most dynamic channel for procuring drugs and devices because of the fear of the virus.

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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Pharmaceutical Manufacturing Companies
• Pharmacy Retail Companies
• Independent Pharmacies
• Industry Associations
• Regulatory Bodies
• Telemedicine Companies
• Pharmaceutical Distributors & Wholesalers
  Time Period Captured in the Report
• Historical Period: 2017-2022
• Base Period: 2022
• Forecast Period: 2022-2027

Companies

Major Players Mentioned in the Report 

• Ahold Delhaize
• Albertsons Companies Inc.
• Cipla
• CVS Pharmacy
• GlaxoSmithKline
• Loblaw
• Merck KGaA
• Novo Nordisk
• Rite Aid
• Sanofi
• Walgreens Boots Alliance

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Global Pharmacy Retail Market

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Stepping Up The Pharmacy Game In Australia: How Is The Market Booming With More Footfalls And Organic Expansion? – Ken Research

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Over the study period of 2015–20, Australia's retail pharmacy market had modest growth. The increase in the Australian pharmacy retail market has been aided by factors such as the rise in chemists, the proportion of an aging population, the number of healthcare issues, per capita healthcare spending, the number of insured patients, the PBS Scheme, etc. New South Wales, Victoria, and Queensland states have the highest customer traffic and the largest average basket sizes. The expansion of pharmacies in terms of the number of stores, services, and home drug delivery to patients throughout the nation all contributed to the market's growth.

In this edition, we’ll dig into all the supporting factors that have helped and will further support the growth of the Australia Pharmacy retail industry in the future.

1. Australia Retail Pharmacy is in its growing stage & has evolved over the years from Small Independent Pharmacies to Franchise & Banner Groups in Australia

2. Preference of Australians & No. of Prescriptions dispensed by Age Groups wherein >50% of medicines were dispensed for >65 Years of Population are the current Key Market Trends

3. Further, E-Health Services along with Consolidation of Pharmacy chain brands into Banner Groups is a Growing Trend in Australia

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4. Accessing different policies & dimensions in the Australia Pharmacy Retail Market will strength the Industry and will enable it to grow in the coming years

Some of the Intelligence Curated by Ken Research in Pharmacy Retail Market Space:

• Indonesia Pharmacy Retail Market Outlook to 2025 By Market Structure (Organized & Unorganized); By Region (West Java , East Java , Central Java , Jakarta , North Sumatra & Others); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products & Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)
• Vietnam Pharmacy Retail Market Outlook to 2025-By Market Structure (Organized & Unorganized); By Region (North, South & Central); By Hospital-based & Street/Mall-based; By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products & Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)
• Thailand Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized & Unorganized Segment); By Region / Cities (Bangkok & its Vicinity, Central, South, Northeast, North, Eastern & West); By Product Categories (Prescribed, OTC, Non-Pharmaceutical Products and Medical Equipment); By Therapeutic Areas; and By Product Type (Patented & Generic Drugs)
• Taiwan Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized and Unorganized), By Region (Taipei Division, Northern Division, Central Division, Southern Division, KaoPing Division and Eastern Division), By Product Sales (Prescribed Medicines, OTC Products, Non Pharma Products and Medical Equipment’s), By Drug Type (Generic And Patented) and By Therapeutic Class
• Philippines Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized and Unorganized), By Location (Standalone and Hospital Based), By Region (North, Central and South), By Product Sales (Prescribed Medicines, OTC Products, Non Pharma Products and Medical Equipments), By Drug Type (Generic And Patented) and By Therapeutic Class

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Australia's retail pharmacy market