Smoke Detector Market Poised to Expand at a Robust Pace Over 2025: Grand View Research Inc.

 The global smoke detector market size is expected to reach USD 3.01 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 8.8% during the forecast period. Increasing sustainable development in the infrastructure sector coupled with stringent government policies and regulations are projected to surge the application smoke and fire detection devices.

Favorable initiatives and policies framed by the government bodies are anticipated to drive the market growth. Governments from some developed countries offer monetary support for the installation of smoke detectors in residences. These initiatives help increase awareness among customers regarding the importance of smoke and fire detection devices, which in turn is expected to surge the market growth. For instance, the U.S. government have extended support by granting USD 110,000 to the Fire Department of Berrien Springs - Oronoko Township - to increase awareness regarding smoke detectors. This initiative also promotes benefits associated with the product. These measures will boost the scope of application and market growth over the forecast period.

North America held the largest market share of 31.68% in 2018. Major manufacturers are adopting strategies such as mergers and acquisitions, new product launches, and awareness campaigns. For instance, in June 2018, Kidde launched an awareness creating campaign 'Beat the Beep'. This campaign is important to educate the residents of California regarding the importance of smoke detectors and identifying the situation when a Carbon Monoxide (CO) alarm or smoke alarm needs to be replaced.

Major manufacturers are Kidde; Honeywell International Inc.; Johnson Controls; BRK Brands, Inc.; Siemens AG; Birdi; Hochiki Corporation; Huawei Technologies Co., Ltd.; Xtralis Pty Ltd.; and Robert Bosch LLC. Increasing awareness regarding fire safety in commercial as well as residential buildings is fueling the product demand for the product over the forecast period. The market is competitive in nature owing to the increasing product innovation and R&D activities by the market leaders.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/smoke-detector-market

Further key findings from the report suggest:

• In terms of revenue, dual sensor technology is projected to ascend at a CAGR of 9.3% over the forecast years
• Industrial end use led the global smoke detectors market with an overall volume share of over 41.66% in 2018
• North America held the leading market share of 31.68% in 2018. It is anticipated to continue the dominance over the forecast period
• Key players includes Kidde; Honeywell International Inc.; Johnson Controls; BRK Brands, Inc.; Siemens AG; Birdi; Hochiki Corporation; Huawei Technologies Co., Ltd.; Xtralis Pty Ltd.; and Robert Bosch LLC

Grand View Research has segmented the global smoke detector market on the basis of technology, end use, and region:

Smoke Detector Technology Outlook (Revenue, USD Million, 2015 - 2025)

• Photoelectric
• Dual Sensors
• Ionization

Smoke Detector End Use Outlook (Revenue, USD Million, 2015 - 2025)

• Commercial
• Industrial
• Residential

Smoke Detector Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Attractive Market Opportunities in the Aluminum Foil Packaging Market by 2025: Grand View Research Inc.

 The global aluminum foil packaging market size is estimated to reach USD 46.19 billion by 2025, exhibiting a revenue-based CAGR of 4.0% over the forecast period, according to a new report published by Grand View Research, Inc. Increasing demand for packaged food coupled with rapid rise of the pharmaceutical packaging industry is anticipated to drive the growth. Aluminum is infinitely recyclable and contributes to sustainable packaging solutions, which is expected to further drive the market.

Aluminum foil is highly used for packaging numerous products including foods, beverages, medicines, cosmetics, and electronic items. Aluminum is highly useful in packaging industry owing to its properties such as corrosion resistance, ductility, malleability, reflectiveness, and light weight. It also offers impermeable barrier to air and light which increases the product shelf life.

Aluminum foils are used for making numerous packaging products including foil wraps, pouches, blisters, and containers. Aluminum foil containers are majorly used in the food service industry to food packaging. Pouches are chiefly used for packing numerous beverages including juices, energy drinks, and ketchups. Blisters are mainly used for packaging pharmaceutical products.

The aluminum foil packaging market is dominated by Asia Pacific owing to high production of aluminum in China. The Asia Pacific market is expected witness significant growth over the forecast period, owing to high consumer base and rapidly growing food industry. Rapid growth of food delivery services from 2014 to 2018 has further boosted the market growth in the past five years.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/aluminum-foil-packaging-market

Further key findings from the report suggest:

• In terms of revenue, the foil wraps product segment is estimated to reach USD 13.67 billion by 2025, mainly driven by the increasing application scope in the tobacco and food and beverages industries
• In terms of revenue, the food and beverages end use segment is expected to experience the highest growth rate over the forecast period, owing to rising demand for ready to eat food products
• The pouches product segment is anticipated to exceed USD 2.2 billion by 2025, owing to versatile applications of the product in numerous industries including food and beverage, pharmaceutical, cosmetic, and tobacco
• The aluminum foil packaging market is highly fragmented in nature, with several small and medium enterprises present in regional market spaces. Product innovation, R&D, geographic expansion, and acquisitions are among the major strategic initiatives adopted by the key market players to reinforce their strong competitive positions in the global market
• Amcor Plc, Constantia Flexibles, Novelis Aluminum, Coppice Alupack Ltd., Reynolds Group Holdings Limited, Aliberico S.L.U., Carcano Antonio S.p.A., and Aleris Corporation are some of the key players operating in the market

Grand View Research has segmented the global aluminum foil packaging market on the basis of product, end use, and region:

Aluminum Foil Packaging Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Foil Wraps
• Pouches
• Blisters
• Containers
• Others

Aluminum Foil Packaging End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Food & Beverage
• Tobacco
• Pharmaceuticals
• Cosmetics
• Others

Aluminum Foil Packaging Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia
  • UAE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Insects Repellent Market Increase at a CAGR of 7.0% from 2019 to 2025

 The global insect repellent market size is expected to reach USD 5.8 billion by 2025, expanding at a CAGR of 7.0% in the forecast period, according to a new report by Grand View Research, Inc. Increasing pests due to global warming results in rise in the number of insect borne diseases, which is a prominent factor propelling the market growth.

On the basis of product type, vaporizers dominated the market with a share of 29.7% in 2018. The fact that it reduces the effect of pests and do not let humans get out of the place is among the prominent factors for the segment growth. Integration of herbal products has also fuelled the market growth in recent times. Spray is the fastest growing product type, expanding at a CAGR of 7.5% in the forecast period. Wide application and effectiveness make it more popular among the consumer group.

Mosquito repellent is the most selling product based on insect type and it accounted for 51.5% share of the total revenue in 2018. The fact that the most common insect borne disease is caused due to mosquitoes and increasing awareness regarding the product are among the prominent factors for the segment growth. Demand for bugs repellent is also likely to witness a significant rise in the forecast period. Rapid increase in the number of bed bugs and their frequent growth by more than 50.0% every year are likely to boost the segment growth in the forecast period.

Asia Pacific emerged as the largest regional insects repellents market, accounting for 40.0% share of the overall revenue in 2018. India is one of the leading markets for the product and is expected to expand at a CAGR of 8.9% in the forecast period. Growing usage of the product in the rural areas due to replacement of traditional methods with the new pest repellents is propelling the market growth in the region.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/insect-repellent-market

Further key findings from the study suggest:

• By product type, vaporiser is expected to expand at a CAGR of 7.0% in the forecast period
• By insect type, mosquito repellent is anticipated to expand at a CAGR of 7.4% in the forecast period
• Countries such as India and Saudi Arabia are projected to witness significant growth in insects repellent market due to increasing number of diseases in the region.

Grand View Research has segmented the global insects repellent market on the basis of product type, insect type, and region:

Insect Repellent Product Type Outlook (Revenue, USD Million, 2015 - 2025)

• Vaporizers
• Spray
• Cream
• Others

Insect Repellent Insect Type Outlook (Revenue, USD Million, 2015 - 2025)

• Mosquito
• Bugs
• Fly
• Others

Insect Repellent Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Central & South America

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Smokehouse Market to Rear Excessive Growth CAGR of 2.2% from 2018 to 2025: Grand View Research Inc.

 The Report Smokehouse Market Size, Share & Trends Analysis Report By Type (Outdoor, Indoor), By Product (Electric, Charcoal & Wood, Gas Grill), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 - 2025

The global smokehouse market size is anticipated to reach USD 157.2 million by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth.

Key market participants have been focusing on innovation and new product development to manufacture environment-friendly components using latest technologies. Most manufactures have been focusing on electric grills to help reduce air pollution caused on account of burning charcoal and wood.

North America was the dominant region occupying over 35.0% of the revenue share in 2017. It is projected to account for a major share of the market over the forecast period on account of increasing popularity among young adults for cookouts.

Europe is expected to account for the second largest market share in 2017. In addition, the demand for portable products is expected to grow over the forecast period owing to increase in the number of family outings and picnics.

The smokehouse market is characterized by the presence of major companies as well as small- and medium-scale regional players. Some of the major players in the market engage in strategic developments to boost their sales and revenue by expanding their reach and providing customized services to customers.

Key players operating in the industry are The Weber-Stephen Products LLC, KitchenAid, Lynx Grills, and Viking Range Corporation among various others.

Access Research Report of Smokehouse Market@ https://www.grandviewresearch.com/industry-analysis/smokehouse-market

Further key findings from the report suggest:

• Outdoor grills segment was valued at USD 76.3 million in 2017 and is expected to witness steady growth over the forecast period, on account of the rising trend toward cookouts and outdoor parties among the youth
• Electric grill segment is expected to expand at a CAGR of 2.2% from 2018 to 2025. Electric grills are cheaper than gas grills, can be used in both indoor and outdoor spaces, and are easy to clean. In addition, since these grills just need to be plugged in to be used, there are not many restrictions and regulations governing their safe use
• Europe was the second largest revenue generating region with USD 34.0 million in 2017 on account of technological advancements in manufacturing processes of the smokehouses coupled with the development and introduction of innovative products.
• Some of the key strategies adopted by industry participants include mergers and acquisitions and integrations across the value chain to strengthen their product portfolios and global distribution network

Grand View Research has segmented the global smokehouse market on the basis of type, product, and region:

Smokehouse Type Outlook (Revenue, USD Million, 2014 - 2025)

• Indoor
• Outdoor

Smokehouse Product Outlook (Revenue, USD Million, 2014 - 2025)

• Charcoal & Wood Grill
• Electric Grill
• Gas Grill

Smokehouse Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Alcohol Ingredients Market to Raise at CAGR of 8.3% from 2019 to 2025: Grand View Research Inc.

 The global alcohol ingredients market size is expected to reach USD 2.71 billion by 2025 registering a CAGR of 8.3%, according to a new report by Grand View Research, Inc. Increasing alcohol consumption across the globe has been fueling the product demand. In addition, rapid urbanization along with the increased adoption of western culture in the developing countries including China, India, Indonesia, and Taiwan is expected to boost the demand for alcoholic beverages, which, in turn, will prompt the utility of ingredients including yeast and enzymes.

Flavors & salts product segment held the largest market share in 2018 on account of increased demand for flavored drinks. Major alcoholic beverage companies have expanded their product portfolio in this particular segment. Beer held the largest market share of over 40% in 2018. Health benefits offered by beer along with its low alcohol content have made it a popular drink. Craft beers are expected to witness a significant growth in near future due to growing popularity across the globe. Europe was the dominant regional market in 2018.

Prominent economies of this region include, Germany, U.K., Italy, Spain, Romania, and Belgium. High alcohol consumption levels along with the presence of a large number of alcohol producers has increased the product demand in this region. Asia Pacific is anticipated to be the fastest-growing region at a CAGR of 9.6% from 2019 to 2025. China, India, South Korea, Taiwan, Myanmar, and Thailand are the prominent markets in this region. Rising per capita income and growing number of pubs, bars, and clubs have been driving the product demand in these developing countries.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/alcohol-ingredients-market

Further key findings from the study suggest:

• Europe held the largest market share in 2018 accounting for more than 35% of the total revenue
• Spirits application segment is expected to register the fastest growth rate of 9.0% over the forecast period
• Flavors & salts product segment held the largest share of the global alcohol ingredients market in the past and is projected to expand at the highest CAGR from 2019 to 2025
• Spirits segment held the largest share in the Asia Pacific market and also accounted for more than 45% of global revenue in 2018
• Key companies in this market include Treatt PLC; DDW; The Color House; AngelYeast Co., Ltd.; Biospringer; Sensient Technologies; Chr. Hansen A/S; The Archer Daniels Midland Company; Kerry, Inc.; Ashland Global Specialty Chemicals, Inc.; and Döhler

Grand View Research has segmented the global alcohol ingredients market on the basis of product, application, and region:

Alcohol Ingredients Product Outlook (Revenue, USD Million, 2015 - 2025)

• Yeast
• Enzymes
• Colorants
• Flavors & Salts
• Others

Alcohol Ingredients Application Outlook (Revenue, USD Million, 2015 - 2025)

• Beer
• Spirits
• Wine
• Others

Alcohol Ingredients Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Almond Oil Market Current And Future Market Conditions 2019-2025: Grand View Research Inc.

 The global almond oil market size is expected to reach USD 1.6 billion by 2025, according to a new report by Grand View Research, Inc., registering a 12.2% CAGR over the forecast period. Increasing consumer awareness regarding harmful chemicals used in cosmetics and personal care products has propelled demand for organic and natural ingredients in these product categories. Furthermore, almond oil possesses excellent nutritional properties, including being a rich source of vitamin E, unsaturated fatty acids, and phytosterols and as a result, its application in aromatherapy, food and beverages, cosmetics, and personal care segments has increased.

Sweet oil is the fastest growing product segment owing to its increasing application in cosmetics and personal care products. The segment is expected to register a revenue-based CAGR of 12.3% from 2019 to 2025. Key manufacturers are launching new products in order to cater to the increasing demand from customers. For instance, in November 2018, The Orange Square Company Limited, formally known as Olverum, launched two new products, ‘The Body Oil’ and ‘The Dry Body Oil’, as a part of its essential oil product portfolio.

Asia Pacific is the fastest growing almond oil market and is projected to register a CAGR of 12.8% in terms of revenue from 2019 to 2025. Over the past few years, the region has been witnessing increased investments in marketing campaigns and new product launches in developing countries such as India. For instance in April 2019, Bajaj Corp Ltd launched a new cooling hair oil in India. This product launch is supported by an integrated marketing campaign by the company, which is focusing on celebrity endorsements to increase product visibility as well as penetration in the country. These initiatives are expected to remain key trends over the coming years.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/almond-oil-market

Further key findings from the report suggest:

• In terms of revenue,thesweet oil product segment is projected to register a CAGR of 12.3% from 2019 to 2025owing to its increasing application in cosmetics and personal care products
• On the basis of application, the personal care and cosmetics segment is expected to generate a revenue of more than USD 950.0 million by the end of 2025. Growing focus on natural and chemical-free ingredients in these product categories will drive segment growth
• Asia Pacific is estimated to emerge as the fastest growing regional market over the forecast period, fueled by ongoing marketing and promotional strategies by key manufacturers  
• Key players include Caloy, Inc.; Blue Diamond Growers; Jiangxi Baicao Pharmaceutical Co., Ltd; Bajaj Corp Ltd; Dabur India Ltd; Frontier Natural Products Co-op; Eden Botanicals; Ashwin Fine Chemicals & Pharmaceuticals; Proteco Oils; and Indian Natural Oils.

Grand View Research has segmented the global almond oil market on the basis of product, application, and region:

Almond Oil Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)

• Sweet
• Bitter

Almond Oil Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)

• Personal Care and Cosmetics
• Pharmaceuticals
• Food Industry

Almond Oil Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
  • Brazil
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Anti Aging Products Market to Witness a Pronounce Growth During the Forecast Period

 The global anti aging products market size is expected to reach USD 51.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% over the forecast period. Rising consumer awareness regarding personal grooming and increasing concerns over the adverse effects associated with aging are expected to have a positive impact on the market growth.

Furthermore, growing awareness regarding the hazardous effects associated with the chemically processed anti-aging products is expected to promote the use of natural products. As of 2016, 57% of the U.S. women claimed to prefer natural skin care products for their daily usage. Therefore, consumers are increasingly preferring natural cosmetic oils and serums due to their ability to penetrate the skin easily.

The hair care segment is expected to be the fastest growing segment, expanding at a CAGR of 6.0% from 2019 to 2027. Aging is related to the loss of volume, hair thinning, and dryness. Therefore, rising importance of moisturizers, shampoo, and hair oils to cover grey hair, improve softness of hair, and increase shining features is expected to remain a favorable factor. Furthermore, growing application of hair care among men in order to maintain hair growth for a longer time is expected to be a key trend in the near future.

Supermarkets and hypermarkets was the largest segment, accounting for over 50.0% share of the global revenue in 2018. Availability of a wide range of products in a same selling window is a major factor driving the consumers to purchase from supermarkets. It has been observed that majority of the consumers prefer this distribution channel due to the availability of products. The online category is expected to be the fastest growing category as consumer preferences are shifting towards e-commerce portals due to the convenience of doorstep delivery services.

North America accounted for more than 35.0% share of the global revenue in 2018. High consumer spending on maintaining personal appearance is contributing to the market growth. To prevent the sign of aging, one-third of the U.S. adults use anti-aging products on a daily basis. Asia Pacific is expected to be the fastest growing region from 2019 to 2025. Growing disposable income and rising consumer awareness regarding the usage of anti-aging skin care in emerging economies including China and India are driving the market.

Key industry participants include Estée Lauder Inc.; Bioderma; Procter & Gamble; PhotoMedex, Inc.; Beiersdorf Limited; Lumenis; Clarin’s; Kiehls’s; pmdbeauty.com & Age Sciences Inc.; Cellex-C International Inc.; and The Boots Company PLC. Product innovation is expected to remain a critical success factor in the near future.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/anti-aging-products-market

Further key findings from the report suggest:

• The hair care segment is projected to ascend at a CAGR of 6.0% from 2019 to 2025
• Supermarkets and hypermarkets dominated the industry with an overall share of above 50.0% in 2018
• North America dominated the industry, accounting for above 35.0% share of the global revenue in 2018.

Grand View Research has segmented the global anti aging products market on the basis of product, distribution channel, and region:

Anti Aging Products Outlook (Revenue, USD Billion, 2015 - 2025)

• Skin Care
• Hair Care

Anti Aging Products Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)

• Supermarkets & Hypermarkets
• Convenience Stores
• Online

Anti Aging Products Regional Outlook (Revenue, USD Billion, 2015 - 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Online Clothing Rental Market is Thriving USD 2.09 Billion Revenue by 2025

 The global online clothing rental market size is expected to reach USD 2.09 billion by 2025 and is anticipated to register a CAGR of 9.4% during the forecasted period, according to a new report by Grand View Research, Inc. Changing fashion trends and rising penetration of internet are among the key factors driving the growth.

Women segment leads the market and is expected to expand at a CAGR of more than 9.8% over the forecast period. The trend of not using the same clothes for a long time and creating unique personal style or fashion statement are among the prominent factors driving the grow. Apart from women, the kids segment is also anticipated to witness significant growth in the upcoming years. Rising preference for renting children’s clothes, is expected to positively impact the overall growth.

Renting traditional clothes is found to be the fastest growing segment on the basis of dress code. Younger consumers prefer renting traditional clothes as these cloths are used only on rare occasions. Apart from traditional clothes, the formal segment is also witnessing a significant growth. It is hard to purchase and maintain a variety of formal clothes for the young as well as price-conscious consumers, thus, they prefer renting the clothes.

North America is the leading market for the industry and accounts for nearly 40% of the market share. Europe is the second largest market for online clothing rental. Europe is known for its fashion trends, hence, young consumers want to keep themselves updated with the latest fashion. Thus, they prefer renting instead of buying impacting the overall growth.

Asia Pacific is found to be the fastest growing region due to developing nations such as India and china which accounts for more than 34% of the global population. The increasing awareness about the service, and internet penetration are among the prominent factors for the growth of the industry in the region.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/online-clothing-rental-market

Further key finding from the report suggests:

• In terms of revenue, thewomen segment is projected to ascend at a CAGR of 9.8% over the forecast years
• Traditional renting is expected to expand at a CAGR of more than 11.2% during the forecast period
• North America leads with market share of more than 40% and is projected to expand at a significant CAGR in near future
• Some of the key players operating in the online clothing rental market are The Clothing Rental, Flyrobe.com, Rent the Runway, Secoo Holding Limited, Share Wardrobe, Le Tote, Swapdom, Gwynnie Bee, Dress Hire, and StyleLend.

Grand View Research has segmented the global online clothing rental market on the basis of end use, dress code, and region:

Online Clothing Rental End Use Outlook (Revenue, USD Billion, 2015 - 2025)

• Men
• Women
• Others

Online Clothing Rental Dress Code Outlook (Revenue, USD Billion, 2015 - 2025)

• Formal
• Casual
• Traditional

Online Clothing Rental Regional Outlook (Revenue, USD Billion, 2015 - 2025)

• North America
• Europe
• Asia Pacific
• CSA
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Margarine Market is Expected to Amplify USD 4.32 Billion Value by 2027: Grand View Research Inc.

 Margarine Market Growth & Trends

The global margarine market size is expected to reach USD 4.32 billion by 2027, expanding at a CAGR of 2.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing number of health conscious consumers is expected to drive the demand for the product as it contains low fat, low calorie, and low cholesterol. Furthermore,the consumption pattern will shift towards healthier and heart-friendly alternatives in the near future due to growing aging population.

Increasing application of the product in the bakery and confectionary industry is a key factor fueling the market growth. Margarine has gained significant popularity as an affordable, healthier, and sustainable ingredient among numerous food manufacturers. As a result, in terms of application, the commercial segment dominated the market in 2019.

In terms of product, hard margarine led the market with over 50% share of the total revenue in 2019. It is the most used form of the product in the food industry. Rising acceptance of packaged cookies and biscuits has widened the opportunity for hard margarine over the world. Liquid margarine is expected to witness the fastest growth over the forecast period owing to its lower fat content.

Key competitors in the industry include Unilever; Bunge Limited; NMGK Group; Conagra Brands, Inc.; Wilmar International Ltd.; BRF; Yildiz Holding; Cargill, Incorporated; Uni-President; Upfield; China Mengniu Dairy Company Limited; and Namchow. Merger & acquisition and new product launch are the key strategies adopted by the margarine manufacturers. For instance, in July 2018, Kohlberg Kravis Roberts & Co. L.P. (KKR) completed its acquisition of Unilever’s Spreads business. KKR acquired the business for USD 8.04 billion and it includes Unilever’s Country Crock, Becel, Flora, and Blue Band brands. This acquisition helped to reshape and enhance the product portfolio of the Spreads business.

Request a free sample copy or view report summary: Margarine Market Report

Margarine Market Report Highlights

• In terms of product, the hard segment dominated the market in 2019 with over 50% share of the global revenue owing to extensive application scope of the product in the bakery and confectionary industry
• The household application segment is expected to expand at the fastest CAGR of 2.8% from 2020 to 2027. This growth is attributed to increasing importance of healthy spreads during breakfast and dinner among the millennials
• Asia Pacific is expected to exhibit the fastest CAGR of 3.2% from 2020 to 2027 owing to growing demand for the product in countries, such as China and India
• Major players in the margarine market include Unilever; Bunge Limited; NMGK Group; Conagra Brands, Inc.; Wilmar International Ltd.; BRF; Yildiz Holding; Cargill, Incorporated; Uni-President; and Upfield.

Margarine Market Segmentation

Grand View Research has segmented the global margarine market on the basis of product, application, and region:

Margarine Product Outlook (Revenue, USD Million, 2016 - 2027)

• Hard
• Soft
• Liquid

Margarine Application Outlook (Revenue, USD Million, 2016 - 2027)

• Commercial
• Household

Margarine Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • UAE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Automotive Steel Market To Reap Over USD 130.07 Billion In Revenues By End Of 2025: Grand View Research Inc.

 The global automotive steel market is expected to reach USD 130.07 billion by 2025, according to a new report by Grand View Research, Inc. is expected to witness a CAGR of 3.2% over the forecast period. Growing automotive production in Asia Pacific countries is likely to drive the market.

Expansion of production facilities coupled with growing demand in the Asia Pacific are the key factors in the growth of regional automobile sector. In 2018, automotive production in countries including Thailand, Malaysia, Indonesia, and India has observed a significant growth in the production of vehicles.

Growing demand for electric vehicles is another factor which is projected to create a positive impact on the demand for steel products. As per the International Energy Agency, over 1 million cars were sold in 2017 in the global market while China accounted for more than 50% sales. European countries including Norway, Iceland, and Sweden accounted for the highest market share for electric vehicles sales in 2017.

Europe is among the world’s largest producers of vehicles; the automotive industry in Europe accounts for 6.8% of its GDP. Automotive sector is the largest private investor in automotive research & development (R&D) with the support of the European Commission. Reduced CO2 emission and improved fuel economy are the key factors leading to the development of lightweight chassis components in the region.

China is the largest producer of vehicles worldwide. Passenger vehicles segment is anticipated to witness lucrative growth in terms of sales over the coming years. Attracted by the significant development of small and microcar segments, various global brands are involved in the expansion of their product lines in these segments.

Leading steel companies are heavily focused on the development of new grades of advanced high-strength steel with high strength. This will assist in the manufacturing of lighter and thinner components with safety features. Steel companies have collaborated with research institutes and global universities in order to develop special and advanced grades of steel for automobile use.

Introduction of new emission regulations is anticipated to create a short term impact on the market. For instance, recently in India BS-VI emission norms were introduced. This is likely to cause changes and disruption in the industry for short term period. However, this also brings new opportunities for automotive steel market vendors.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/automotive-steel-market

Further key findings from the report suggest:

• In terms of revenue, body structure held highest market share of 34.0% in 2018. The growth in this segment is attributed to stringent regulations related with safety of vehicles.
• In terms of volume, power train segment is projected to grow at CAGR of 2.6% during forecast period. Reduction in power train weight using light steel materials is anticipated to remain key focus area over the coming years.
• In terms of volume, passenger vehicles accounted for 73.0% of share in 2018. Increasing production of passenger cars supported by growing income levels is projected to contribute to the growth of the automotive steel market.
• Asia Pacific accounted held highest market share in 2018 and likely to maintain its position during forecast period on account of large-scale automotive production in India and China.
• In terms of volume, Europe is projected to grow at a CAGR of 2.2% from 2019 to 2025. Improvement in fuel efficiency and weight reduction in vehicles are projected to remain key growth factors for market vendors.
• ArcelorMittal S.A., Hyundai Steel Co. Ltd., Tata Steel Ltd., Nucor Corporation, Nippon Steel & Sumitomo Metal Corporation and POSCO are some of the leading market participants in the industry. These players are looking for new opportunities through development of innovative alloys and new materials.

Grand View Research has segmented the global automotive steel market report on the basis of vehicle type, application, and region:

Automotive Steel Vehicle Type Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Automotive Steel Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

• Body structure
• Power train
• Suspension
• Others

Automotive Steel Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central and South America
  • Brazil
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Filling Machine Market Get Facts About Business Strategies 2019 to 2025: Grand View Research Inc.

 Filling Machine Market Growth & Trends

The global filling machine market size is projected to reach USD 8.9 billion by 2025, accelerating at a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. Technological developments in packaging and filling machinery, changing consumer lifestyles, dietary shifts, and robotics & automation in filling machines are some of the factors projected to drive growth of the global market over the forecast period.

Favorable government frameworks and policies for packaging machinery services are expected to present huge growth opportunities in the market. Government regulations control and safeguard industrial processes and provide a framework for hygiene and product standardization, which, in turn, is likely to enhance business growth over the forecast period. However, increasing cost of energy and power may hinder growth of the market.

The demand for filling machine in the beverage industry is projected to contribute heavily to the market growth. In addition, technological advancements are likely to boost sales in the overall market scenario. Industrialization, technological support, desired production output, robotics, and minimum human intervention are some of the factors attracting manufacturers to opt for technological support in operational processes.

In terms of product, volumetric filling machine was among the dominant segments in 2018 and is expected to grow at a CAGR of 4.5% over the forecast period. Volumetric filling machines are especially used in food and beverage industry to fill the specified and exact amount of pastes, liquids, and creams into products. These machines are efficient, simple to clean, and have low maintenance cost with high-performance ratio. Aseptic filling machine segment is expected to register prominent growth at a CAGR of 4.4% by 2025.

In terms of mode of operation, automatic filling machine is expected to be the dominant segment by 2025, in terms of revenue, and account for a market share of over 50%. It is expected to emerge as the fastest-growing segment, with a CAGR of 4.9% over the forecast period. Technological developments and the adoption of industry 4.0, green manufacturing practices, and eco-friendly packaging processes and products are among the factors that are likely to trigger the filling machine market growth over the forecast period.

In terms of application, the beverages segment is projected to be the dominant application segment and account for a value of USD 2.2 billion by 2025. Beverages including alcoholic, non-alcoholic drinks, carbonated drinks, juices, and wine, among other products, are witnessing high demand among the youth, which is leading to the propelled sales of packaged beverages. Moreover, their easy availability, attractive advertising, changing lifestyle of consumers, and growing adoption of western culture, in terms of food and clothing, among other such social factors are expected to upsurge the market growth in the coming years.In the U.S., the food and beverage industry is likely to witness favorable growth considering the presence of huge companies along with the presence of favorable government policies and industrial automation.

Request a free sample copy or view report summary: Filling Machine Market Report

Filling Machine Market Report Highlights

• The U.S. market, in terms of revenue, is anticipated to progress at a rate of 7.4% over the forecast period
• The U.K. market, in terms of revenue, accounted for USD 297.8 million in 2018 and is projected to witness significant growth over the forecast period
• K automatic filling machine segment is expected to witness a CAGR of 2.0% over the forecast period
• As of 2018, Make In India and other initiatives by the Indian government have been successful in offering new opportunities for industrial development and employment, which, in turn, is favoring the market growth of filling machine in the country
• The filling machine market in India, in terms of revenue, is expected to reach USD 904.6 million by 2025 over the forecast period

Filling Machine Market Segmentation

Grand View Research has segmented the global filling machine market on the basis of products, mode of operation, application, and region:

Filling Machine Products Outlook (Revenue, USD Million, 2014 - 2025)

• Aseptic
• Rotary
• Net Weight
• Volumetric
• Others

Filling Machine Mode of Operation Outlook (Revenue, USD Million, 2014 - 2025)

• Automatic
• Semi-automatic

Filling Machine Application Type Outlook (Revenue, USD Million, 2014 - 2025)

• Beverages
• Food
• Chemicals
• Personal Care
• Pharmaceuticals
• Others

Filling Machine Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • Russia
  • UK.
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Australia
  • India
• Central & South America
  • Brazil
• The Middle East and Africa
  • Saudi Arabia
  • UAE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Mussel Oils Market Outlook & Future Forecast Report Till 2025

 The global mussel oil market size is expected to reach USD 59.96 million by 2025, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 4.9% from 2019 to 2025. Mussel oil, derived from green-lipped mussels, is a rich source of protein, omega-3 fatty acids, selenium, iron, vitamin B12, iodine, magnesium, and calcium and has low fat contents.

It acts as a pain relief, which helps sooth and restore inflamed joints and muscular tissues and relieve various bone diseases, such as rheumatoid arthritis, osteoarthritis, fibromyalgia, and lupus. Moreover, as per recent developments, it has shown positive effects in the treatment of asthma, cancer, and ADHD disorder in teenagers and children. All these factors are projected to fuel the product demand over the forecast period.

Europe is expected to be the fastest-growing regional market from 2019 to 2025 on account of growing aquaculture activities and seafood consumption. Increasing trade in European countries positioning France as the largest importer of mussels is expected to boost the product demand further. On the other hand, Asia Pacific is estimated to account for the largest share of the global market by 2025.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/mussel-oil-market

Further key findings from the study suggest:

• In terms of revenue, biopharmaceutical application segment is projected to ascend at the highest CAGR of 5.5% from 2019 to 2025
• However, dietary supplements application is estimated to account for the largest market share by the end of 2025
• Hypermarket/supermarket is expected to lead the distribution channel segment; while, online channel is projected to register the fastest CAGR over the forecast years
• Asia Pacific was the dominant regional market in 2018 and is likely to expand further at a steady growth rate in future
• Some of the key companies in the mussel oils market include Waitaki Bio, Aroma NZ Ltd., Nature’s Range, Great HealthWorks, and BioMer Ltd.

Grand View Research has segmented the global mussel oils market on the basis of application, distribution channel, and region:

Mussel Oil Application Outlook (Revenue, USD Million, 2015 - 2025)

• Processed Food
• Beauty & Cosmetics
• Biopharmaceutical
• Dietary Supplements
• Pet Food & Veterinary

Mussel Oil Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Hypermarket/Supermarket
• Pharmacy
• Online
• Others

Mussel Oil Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • Spain
  • France
• Asia Pacific
  • China
  • Australia
  • New Zealand
• Central & South America
  • Brazil
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Canopy Market to Grow at CAGR of 4.0% through 2025

 The global canopy market size is expected to reach USD 2.1 billion by 2025, accelerating at a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. Provision for expanded outdoor space for seating and recreational purposes owing to the installation of canopies in nearby residential and non-residential buildings is expected to drive the product demand over the forecast period.

Increasing penetration of the product in commercial and residential sectors is anticipated to complement the growth of the market over the forecast period. This can be attributed to the rising installation of canopies in residential areas and above various commercial buildings for protection from heat, wind, and precipitation. PTFE canopies are widely used on account of their superior weather-resistant characteristics, thermal stability, and high durability.

Canopies are also preferred owing to the aesthetic appeal they impart to a space. Rapid growth of the residential sector in North American economies with rising trend of beautification of expanded living spaces with canopies are likely to propel the market growth. Furthermore, increasing popularity of inside-outside living and the availability of a wide range of product designs suitable for residential buildings are likely to augment the demand for the product.

Major players in the industry offer a wide range of products along with most suitable designs and innovative technology, which aid market players in gaining an edge over their competitors. Most of the players compete on the basis of providing customized designed to suit the exact requirements of end users. A variety of materials including PTFE, ETFE, PVC, glass, wood, and various metals can be used to design a product that is a perfect fit for the area of installation.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/canopy-market

Further key findings from the report suggest:

• PTFE material segment accounted for 42.0% of the global revenue share in 2018
• Non-residential segment is projected to grow at a CAGR of 3.9%, in terms of revenue, from 2019 to 2025, owing to extended space along with architectural aesthetics offered by the installation of the products
• The canopy market in North America is estimated to witness a growth rate of 4.2%, in terms of revenue, from 2019 to 2025 due to increased adoption of canopy as shades in the residential sector for protection and enhanced aesthetics
• China accounted for over 33.1% of the Asia Pacific market revenue share in 2018 owing to increasing penetration of the product.

Grand View Research has segmented the global canopy market on the basis of material, application, end-use, and region:

Material Outlook (Revenue, USD Million, 2014 - 2025)

• PTFE
• ETFE
• PVC
• Polyester Cloth
• Others

Application Outlook (Revenue, USD Million, 2014 - 2025)

• Shade Canopy
• Event or Large Canopy
• Others

End-Use Outlook (Revenue, USD Million, 2014 - 2025)

• Residential
• Non-residential

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Amla Extract Market Top Players, Segments, Cost Structure, Demand, Sales

 The global amla extract market size is expected to reach USD 49.34 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.9% from 2019 to 2025. Rising health consciousness coupled with growing demand for antioxidant rich products is expected to fuel the growth.

Rising awareness regarding numerous benefits of amla extract to improve body composition, weight loss, metabolism, immune and digestive system, and liver and heart health is anticipated to drive the product demand. The extract is a rich source of antioxidants and is effective for reducing the risk of heart diseases, high blood cholesterol level, signs of aging, cell damage, and inflammation. These advantages are anticipated to fuel the product demand in near future.

Potential demand for dietary supplements and functional foods is expected to drive the demand for amla extract powder and pulp, which in turn is projected to contribute to the market growth. Significant rise in application of the product in pharmaceutical industry is expected to drive the market in the forthcoming years.

Amla extract in the form of pulp is estimated to register the fastest CAGR of 5.2% over the forecast period. Major application of the pulp in the beverage and pharmaceutical industries is anticipated drive the growth of the segment. New product launches by major manufacturers are anticipated to bode well for the market growth. For instance, Neelamari Herbs recently launched Pure Amla Pulp Powder for hair and skin care.

Nutraceutical application segment is expected to expand at the fastest CAGR of 5.7% over the forecast period. Rising demand for dietary supplements with amla extract is anticipated to drive the segment growth. Various manufacturers have launched amla extract dietary supplements in the form of tablets, capsules, and powders to cater to the rising demand. For instance, Orgasia Biotech provides amla extract capsules to aid weight loss.

Asia Pacific generated a revenue of USD 10.58 billion in 2018 and is expected to continue holding the largest market share over the forecast period. Rising health consciousness and demand for vitamins, proteins, and other nutrients is projected to fuel the market growth. Companies engage in product development and new product launches to attain greater market share. For instance, Dabur recently launched Amla Plus under its brand Real Wellnezz. The product contains 100 percent amla juice content with no added colors, preservatives, and flavors.

Key players operating in the market are Biomax, Taiyo International, Arjuna Natural Extracts Ltd., Patanjali Ayurveda, Archerchem, Bhumi Amla, Sydler Group, Ri-Sun Bio Tech, Ambe Phyoextracts Pvt. Ltd., and Herbeno Herbals Pvt. Ltd.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/amla-extract-market

Further key findings from the report suggest:

• Amla extract powder held the dominant market share of 63.89% in 2018 and is expected to expand at a CAGR of 4.7% from 2019 to 2025
• Asia Pacific led the amla extract market in 2018 with value of USD 10.58 billion and is anticipated to continue holding the largest market share over the forecast period
• Europe is anticipated to register the fastest CAGR during the forecast period owing to rising regional demand on account of increasing consumer awareness and changing lifestyle
• The market is highly competitive in nature with the presence of main players including Arjuna Natural Extracts Ltd., Patanjali Ayurveda, Archerchem, Bhumi Amla, Sydler Group, and others
• The manufacturers concentrate on new product launches and capacity expansions, to estimate existing and future demand patterns

Grand View Research has segmented the global amla extract market on the basis of type, application, and region:

Amla Extract Type Outlook (Revenue, USD Million, 2015 - 2025)

• Powder
• Pulp

Amla Extract Application Outlook (Revenue, USD Million, 2015 - 2025)

• Food & Beverages
• Pharmaceuticals
• Personal Care & Cosmetics
• Nutraceuticals

Amla Extract Regional Outlook (Revenue, USD billion, 2015 - 2025)

• North America
  • US.
• Europe
  • UK.
  • Germany
• Asia Pacific
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • UAE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Tobacco Packaging Market is Estimated To Attain USD 21.7 Billion by 2025

 The global tobacco packaging market size is anticipated to reach USD 21.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.3% over the forecast period. Growing consumption of tobacco and cigarettes among the young consumers is one of the major factors for the growth of the market. Another factor driving the market is increasing number of female smokers. Increase in stress and workload is also one of the factors boosting the market growth.

Increase in penetration of the tobacco products in China is expected to provide growth opportunities for the global market over the forecat period. Introduction of tobacco that are smokeless for chewing and increasing penetration of low cost tobacco products and e-cigarettes in the country are the key drivers. Moreover, increasing popularity of flavored tobacco products among the millennial population is fueling the growth of the market worldwide.

Secondary packaging held the largest market share in 2018. Increasing penetration of e-cigarettes and cigar in the social gatherings has driven the segment.Moreover, growing popuarlity of premium tobacco produduts among the young consumers is expected to have a positive influence on the market growth over the forecast period. Increasing number of cigar lounges in developed countries is fueling the demand for premium cigar proucts. This, in turn, is expected to increase the segment demand over the forecast period.

Paper boxes are increasingly used in tobacco packaging owing to rising penetration of enivornmental friendly packaging in the industry. It is a cost-effective alternative to plastic, and hence is gaining popularity in many areas. Lightweight and easy to carry factors are also boosting the segment growth.

Manufacturers are focusing on eco-friendly packaging. For instance, one of the prominent vendors, Amcor has increased its spending on developing bioderagable packaging and is expected to launch them by the end of 2025. Manufacturers are focusing on strategies such as mergers and acquisitions to increase their products offerings. In September 2017,  Japan Tobacco Group acquiried Mighty Corporation to expand its product portfolio and geographic reach.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/tobacco-packaging-market

Further key findings from the study suggest:

• By product, secondary packaging led the market and accounted for 60.3% share in 2018. The primary segment is expected to expand at the fastest CAGR of 3.7% over the forecast period
• By material, paper boxes dominated the global market with an overall revenue share of 67.8% in 2018
• Asia Pacific dominated the global tobacco packaging market in 2018 and accounted for 31.5% share of the total revenue. This trend is projected to continue over the next few years
• The industry is highly competitive with the main players including Amcor Ltd.; British American Tobacco; Philip Morris International Inc.; and ITC
• Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Grand View Research has segmented the global tobacco packaging market by product, material, and region:

Tobacco Packaging Product Outlook (Revenue, USD Billion, 2015 - 2025)

• Primary
• Secondary
• Bulk

Tobacco Packaging Material Outlook (Revenue, USD Billion, 2015 - 2025)

• Paper Boxes
• Metal
• Others

Tobacco Packaging Regional Outlook (Revenue, USD Billion, 2015 - 2025)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.