Driving Footwear Market Global Outlook on Key Growth Trends, Factors

The driving footwear market in North America holds the second largest share in the global driving footwear market and is expected to grow moderately over the forecast period. Driving boots hold the highest market share in North America among different types of driving footwear. Driving sneakers are seeing increasing demand and their growth is expected during the forecast period.

The online driving footwear market is expected to grow faster than the offline driving footwear market. In 2018, the population in North America reached 494.4 million, of which about 40.0% is aged between 25-54 years. These are the major purchasers of online driving footwear. In 2018, internet penetration in North America reached 90.0% of the population. The U.S. holds the lion’s share in the North America driving footwear market, with a share of more than 80.0% expected by the end of the forecast period.

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As per Footwear Distributors and Retailers of America (FDRA), footwear is one of the most purchased items in the U.S. Per capita footwear consumption in the U.S. is seven pairs of shoes. The U.S. is one of the largest importers of footwear in the world. Almost all the footwear used in the U.S. is imported. As per current data from FDRA, 2.39 billion footwear pairs sold in the U.S. are imported and only 25 million footwear pairs are U.S. made.

The driving footwear market in Europe is the largest in the world and is expected to grow moderately over the forecast period. Driving boots hold the highest market share in Europe among different types of driving footwear and is expected to hold a market share close to 60.0% by the end of the forecast period. Driving sneakers which are widely popular in Europe are expected to see increased demand during the forecast period. The U.K., Germany, Italy, France, and Spain are major markets in the Europe driving footwear market, with a share close to 75.0% expected by the end of the forecast period. Europe is the largest footwear importer in the world.

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Cosmetic Skin Care Market Demand & Future Scope Including Top Players

In terms of revenue, the market is estimated to expand at a CAGR of 3.7% from 2019 to 2027. In terms of volume, the market stood at around 2,853.7 Million units in 2017. The cosmetic skin care market in Asia Pacific is expected to expand at a notable growth rate during the forecast period both in terms of value (US$ Bn) and volume (Million Units). The market in Asia Pacific witnessed considerable expansion due to increasing disposable income in Japan, China, and India.

The market dynamics of the global cosmetic skin care market are subject to factors primarily related to the preference for organic cosmetic skin care products and rising disposable incomes. In terms of gender, the women segment is anticipated to account for a major share and reach a value of US$ 112.45 Bn by 2027, expanding at a CAGR of 4.4% during the forecast period. However, stricter implementation of government regulations regarding the ingredients used in the cosmetic skin care products is a major factor restraining the market. Nevertheless, the market is anticipated to expand due to rising demand in Asia Pacific.

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In 2017, In terms of product, the moisturizer segment was valued at US$ 25.26 Bn. Moisturizers are used to treat dryness of the skin through the topical application of lotions and creams on the affected parts of the body. Based on application, the surgical cosmetic skin care segment accounted for a relatively minor share of the market, in terms of value as well as volume, as the adoption is not as high as the topical segment.

The surgical segment is anticipated to reach a value of US$ 29.71Bn by 2027, expanding at a CAGR of 3.6% during the forecast period. In terms of distribution channel, the online segment is anticipated to reach a value of US$ 20.15 Bn by 2027, expanding at a CAGR of 5.2% during the forecast period. The online segment is estimated to expand at a rapid pace during the forecast period, due to the benefits of using e-commerce websites, which offer ease of use and enable consumers to choose from a wide range of products.

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Optical Position Sensors Market Generates Huge Revenue Till 2023

The growth in the demand for optical sensors is expected to continue with the steady pace in Asia Pacific. This growth is backed by the increasing demand for smart electronic devices in the region. As a result of the growing disposable income of the consumer, they prefer to adopt optical sensors to maintain the safety of their assets.

All these factors cumulatively support the dominance of the Asia Pacific in global optical position sensors market. Based on the data acquired, the report by Transparency Market Research states that the global optical position sensors market is expected to bag US$ 886.3 mn by the end of 2023.

Consumer Electronics Emerges as the Leading Segment

The global optical position sensors market is categorized on the basis of the type, technology, applications, and end users. Of these categories, the consumer electronics segment under application parameter is expected to emerge as the lading segment during the forecast period 2012 to 2023.

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The segment accounts for more than 51.2% of total revenue generation of the global optical position sensors market. One of the key factors that boost the segments growth is the growing application of optical sensors in various consumer electric products like smartphones, and smart cameras. Some of the other end user industries that constitute the global optical position sensors market are defense and aerospace.

Smart Devices Drive Better Growth

Devices like smartphones, smart watches, and tables are some of the smart devices that extensively use optical sensors. The growth in the sales of these products soar the revenue for global optical position sensors market. In order to capture majority share of global optical sensors market, manufacturers of these devices are rolling out new products with competitive price range and features. Because of the arrival of new products in terms of technology, price, and features, smart devices are driving the growth of global optical position sensors market in the forecast period of 2012 to 2023.

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Pharmaceutical Packaging Equipment Market Demand & Future Scope Including Top Players

As per the TMR report, the pharmaceutical packaging equipment market is likely to clock a CAGR of 6.7% over the forecast period between 2017 and 2025, for the market to be worth US$10.69 bn by 2025-end. The market was pegged at US$5.97 bn in 2016. By product type, the segment of liquid packaging equipment held the leading share in 2016 and is likely to remain lucrative due to increasing use of liquid dosages. This results in high demand for liquid filling equipment with accuracy and high-precision.

By packaging type, primary packaging leads the market and is predicted to continue to lead through 2025. The growth of primary packaging segment is mainly because of high demand for unit dosage forms. Geographically, North America held the leading 31.8% of the market in 2016; the region is expected to continue to remain at the fore through 2025.

Need for Drugs and Therapeutic Products to Reach Safely to Patients Boosts Growth

Apart from clinical trials and research initiatives to devise effective treatment for medical conditions, high quality packaging is increasingly becoming a requisite for the growth of the pharmaceutical industry. Foolproof packaging of pharmaceutical products is important so that medications and therapeutic products reach patients safely.

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To serve this, pharmaceutical companies are investing heavily to purchase equipment that offers advanced packaging solutions for easy administering of medication. In addition, rising demand for patient compliance and environmental concerns pertaining to plastic packaging are pushing pharmaceutical companies to invest in newer packaging solutions. This is fuelling the pharmaceutical packaging equipment market.

Furthermore, stringent regulations in place that mandate pharmaceutical companies to adhere to certain standards for packaging of drugs is also positively impacting the pharmaceutical packaging equipment market. With increasing demand for integrated packaging technologies from pharmaceutical companies, the demand for high-performance equipment is likely to be on the rise in the years ahead.

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Wireless Gas Detection Market Comprehensive Analysis, Growth Forecast 2022

The analyst of the TMR business study has reported of a cutthroat competitive landscape in the global wireless gas detection market, wherein a number of major players are battling against each other. Going forward, most of the global shares of the wireless gas detection market are anticipated to remain confined within prominent players such as Drägerwerk, Honeywell, R.C. Systems, United Electric Controls, Agilent Technologies, Sensidyne, Crowcon Detection Instruments, Airtest Technologies, Otis Instruments, and Pem-Tech.

Most of these players have an impressive product portfolio and are consistently expanding geographically to sustain their supremacy. Efficient placement of sensors and aiding organizations in selecting the right kind of gas detection solutions are some of the key services provided by the players, who are also working on developing portable systems that can cater to diverse demands.

Based on product type, the market for wireless gas detection has been segmented into nitrogen oxide, carbon monoxide, carbon dioxide, and oxygen, whereas on the basis of end users, the market has been bifurcated into mining and metals, government and military, chemicals and petrochemicals, and oil and gas.

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The report has also classified the market on the basis of application, into environment protection, military, and industrial safety as well as on the basis of technology into license-free ISM band, Bluetooth, cellular, and Wi-Fi. Geographically, North America is foreseen to dominate the demand in terms of revenue. By the end of 2022, the North America wireless gas detection market is estimated to be worth US$470.6 million, with most of the demand coming from the developed countries of the U.S. and Canada.

Government Regulations for Worker Safety Driving Demand

Some of the key factors augmenting the demand in the global wireless gas detection market are: simple installation procedures and ease of usage, benefits of cost-effective in terms of power consumption, and enhancement of worker safety and compliance with government regulations. Additionally, growing adoption of the Internet of Things (IoT) technologies across manufacturing industries and government emphasis on highlighting environmental safety are also expected to pave new revenue avenues in this market. On the other hand, issues pertaining to data security, design challenges, and calibration restraints are curtailing the progress of this market.

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Retail Ready Packaging Market Global Outlook on Key Growth Trends, Factors

The global market vendors in the retail ready packaging market are on a quest to continually expand their geographical reach, This strategy can also create new opportunities for local vendors who can tie up with the global players in the global retail ready packaging market.

Moreover, acquisition of small and defunct players in the global retail ready packaging market is also a projected trend. Some of the key players in the global retail ready packaging market are Mondi, Weedon Group, International Paper Company, Orora Packaging Australia Pty Ltd, Amcor Limited, Smurfit Kappa Group plc, LINPAC Packaging, and Caps Cases Limited.

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Transparency Market Research (TMR) predicts that the global retail ready packaging market would expand at a steady CAGR of 4.3% over the period between 2017 and 2025. The total value of the global retail ready packaging market is projected to reach US$84,465.6 mn by 2025-end, rising up from a value of US$60,521.1 mn in 2017. On the basis of end-user, retailers of food products have emerged as key consumers of retail ready packaging market.

The sale of several kinds of products through retail channels has played a vital role in the growth of the global retail ready packaging market. Retail ready packaging refers to packaging of goods in such a way that the retailers can directly stock the products on the shelves, post procurement. The utility served by retail ready packaging has played a vital part in the growth of the global market. Moreover, increase in the number of products available on the shelves of retail outlets has also aided market growth.

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Specialty Tape Market Strategics Assessment 2026

Specialty tape manufacturers are embracing technological development in both adhesive as well as material component. Investment in research and development is also increasing in order to understand what product innovation and development need to be focused on to meet the demand of various industries. Owing to the constant requirement of high-performance adhesives, solvent technology is being used on a large scale. However, water-based tapes and hot melt tapes are also gaining traction in the specialty tape market.

Moreover, the use of specialty tapes in the automotive sector is also rising, especially the use of acrylic foam tape has increased as it provides strong bonding to metal and plastic. Meanwhile, specialty tapes are also witnessing growth in medical sector driven by the increasing use of adhesive-based wound care products.

As per the report by Transparency Market Research (TMR), the global market for specialty tape is likely to experience steady growth during 2017-2026, registering CAGR of 5.7%. The global market for specialty tapes is also estimated to bring in US$ 9,907.1 million revenue by 2026 end.

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Compared to the various types of specialty tapes, woven/non-woven specialty tapes are likely to emerge as one of the top-selling products during 2017-2026. Woven/non-woven specialty tapes are estimated to surpass US$ 1,900 million revenue by 2026 end. Meanwhile, PVC (Polyvinyl chloride) specialty tapes are also likely to show strong growth in the global market for specialty tape between 2017 and 2026.

Electronics & Electricals to Witness Robust Growth in the Global Market for Specialty Tape

Electronics & Electricals segment is likely to witness robust growth during 2017-2026. Electronics & electricals are estimated to bring in nearly US$ 2,700 million revenue towards 2026 end. Meanwhile, the automotive sector is also likely to witness strong growth in the global market for specialty tape during 2017-2026. The replacement of traditional forms of tape materials with advanced specialty tapes in electronics segment is fueling the growth of the market. Also, specialty pressure sensitive tapes are finding large application in the automotive sector.

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