Pre-printed Liners Market To Witness Astonishing Growth – 2028

Transparency Market Research delivers key insights for the pre-printed liners market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2020-2028. In terms of growth, the global pre-printed liners market is projected to witness growth of 3.3% by the end of 2028, owing to increasing scope of pre-printed liners in end-use industries such as food, beverages, healthcare, personal care & cosmetics, chemical & fertilizers, and electrical & electronics, among others.

The global packaging industry has evolved and provides customization for any company to survive the intense competition. Pre-printed liner usage ensures a cost-effective way for brand advertisement and creative an impact on the minds of customers. The pre-printed liner market is expected to grow, followed by the push of FMCG packaging industry growth, which currently is registering double-digit growth in several regions due to increasing consumption. Good quality print on packaging is desired by each brand owner to make an impact on their consumer-base and differentiating their product from that of the competitors. Pre-printed liners are one of the solutions, which enable manufacturing of high-quality printed packaging.

Consumer Inclination toward Rigid Packaging Solutions to Drive Market Growth

The major reason for the growth of pre-printed liners is the recognition that a visually appealing, communicating packaged product will influence consumer buying decisions at the “point of purchase”. This is reinforced by studies that indicate that nearly 80% of buying decisions are made at the “point of purchase”.

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The increasing demand for presentable packaging in different industries, especially from food & beverages, personal care & cosmetics, and healthcare is driving the global pre-printed liners market. Conventionally, consumers prefer rigid packaging solutions due to their barrier properties, stability, and reliability, which led to increased demand for pre-printed liners.

Wilful tampering with food and pharmaceutical products has resulted in special packaging features designed to reduce or eliminate the risk of tampering and adulteration. Although any package can be breached, tamper?evident features cannot easily be replaced. These include banding, special membranes, breakaway closures, and special printing on bottle liners or composite cans such as graphics or text that irreversibly change upon opening. Special printing also includes holograms that cannot be easily duplicated and this is driving the market for pre-printed liners globally.

Millennial Population Emphasizing Importance of Customized Packaging

Millennial are a generation, which guide trends and brands across end-use industries must prepare for millennial behaviors and attitudes regarding the way they consume and research before making purchase decisions. Millennials like to interact with brands that are open and maintain transparency by addressing environmental and socioeconomic issues. Brands not aligning to these values are likely to be quickly replaced, owing to the competition in the market.

Millennials are more likely to purchase a product, if it makes them feel special either through this personal connection or the idea of exclusivity. The idea of customized packaging includes features that expand consumer engagement with product and brand. This is likely to boost the demand for pre-printed liners in the years to come.

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Growing Demand from Retail & e-Commerce Businesses to Boost Demand for Pre-printed Liners Market

The increasing e-Commerce business, which majorly includes online shopping, has led to a rise in the demand for corrugated packaging for the shipment of products. As with the retail revolution, in an ever-changing environment, the packaging industry has constantly evolved to address the demand of the hour. With consumers switching to the e-Commerce channel, there is a shift in packaging needs as well.

Some key reasons that influence a consumer’s preference for in-store purchases include product safety, shopping experience, as well as shelf life (in case of perishable commodities)– issues that can be suitably addressed through “packaging”. Online adoption in certain categories, therefore, can be accelerated through innovative and suitable packaging, which addresses the specific needs of the channel. Corrugated packaging ensures the safety of the products, which are being transported. Furthermore, attractive packaging is becoming one of the crucial requirements in the e-Commerce business. Thus, the growth of the e-Commerce business results in a corresponding increase in the corrugated packaging business, which is expected to have a positive impact on the pre-printed liners market.

Pre-printed Liners Market: Competition Landscape

The global pre-printed liners market is highly fragmented in nature into which, a large portion of market share is held by domestic market players. Some of the key players operating in the global pre-printed liners market are Smurfit Kappa Group, DS Smith Plc, WestRock Company, Packaging Corporation of America, The Packaging People PTY LTD, International Paper, Visy Industries, Paper Australia Pty Ltd, Rayven, Inc., and Packaging Technologies Inc.

The tier structure is formulated on the basis of segmental revenue and market share of the company. As per tier structure, Smurfit Kappa Group, WestRock Company, and DS Smith Plc are the tier 1 players in the pre-printed liners market. These players are focusing on widening their product portfolio for multiple applications to gain competitive edge in the market. Tier 2 players include Packaging Corporation of America, International Paper, and The Packaging People PTY LTD.

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Snake Robot Market SWOT Analysis Of Top Key Player & Forecasts 2026

The robotics has brought revolution in automation process across various end use industry. Robotics is now been majorly used in industry’s, surgery, airplanes, ships and communication. Snake robot are automating systems that provides compelling enhancement in the efficiency of surgery and infiltration of spaces that were previously impenetrable. These are portable devices and are extension to existing robotic arms. It is also known as Snakebot and resembles to that of biological snakes. The first snake like robot was built by Prof. Hirose in 1972. These snake robots comes in different sizes, shapes & designs. These are pretty mobile and are built on hardware and software technology. It has two significant qualities, one of the quality is its ability to maneuver through and move into confined spaces.

The other quality includes the ability to change the shape of its body that allows them to perform in wide range of circumstances, such as climbing tree trunks or climbing stairs. Furthermore, most snake robots are composed by chaining a number of independent links together. This adds redundancy in snake robots that makes them resistant to breakdown, even if the some part of the robots being destroyed. Properties such as redundancy, high terrain ability and complete scaling of the robot body makes snake robot very alluring for constructive application. These are mostly used in confined spaces. Confined spaces exist in aircraft wings, nuclear reactors, industrial processing plant, the human body, underwater environments space and ship-building. Roads, buildings, pipelines and other human spaces all have confined spaces. Snake robots have a slender, long and flexible design without any protrusions thus they can easily maneuvered into any position and retract back without disturbing their environment.

Snake Robot Market: Highlights

For instance, recently a 7.1 magnitude earthquake had struck Mexico City wherein the snake robots where used for search and rescue operations to look for survivors. These snake robots provide assistance to rescue workers by reaching into fragile and difficult situations so that they could see things that they otherwise could not.

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The snake robot leverages a new innovative technique for robotic movement that is beneficial for users by providing suitable access to difficult spaces. Also, it is used in undersea for inspection purpose. Also, their ability to change the shape of its body according to changing environment could drive the snake robot market. However, the snake robot is currently in research stage and the available snake robot are very costly that acts as restraint in snake robot market.

Snake Robot Market: Key Segments

Global snake robot market can be segmented into component, applications and end-use industry. On the basis of component, snake robot market can be bifurcated as hardware, software and services. Again, the hardware segment can be bifurcated into sensors, servo motors, IC controllers, pneumatic tubes & wires, lithium ion battery and others. By applications, snake robot market can be segmented into monitoring & surveillance, fire extinguishing, maintenance & inspection, nuclear decommissioning, surgeries and others. Maintenance & inspection is one the major dominating application of snake robots. This application is majorly used in aircraft wings and large manufacturing sites as these places are very narrow and it is very difficult for the employee to clean, inspect these places. On the basis of End-Use industry, the snake robot market can be further segmented into defense & military, automotive, healthcare, aerospace, education and others.

Geographically, snake robot market can be bifurcated into North America, South America Europe, Asia Pacific, and Middle East & Africa. North America is expected to have the highest market share among all the regions due to the presence of many research and development institutes and robotic automation systems manufacturing companies that are keen on developing snake robots that can be used various applications.

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Snake Robot Market: Key Players

Some of the prominent companies that are into manufacturing of Snake Robot market includes Medrobotics, HiBot, OC Robotics, Hirose Fukushima Laboratory, Sintef, Applied robotics Technologies LLC, Sarcos Corporation, Kuka Automation Company, Tokyo Institute of technology, Tesla Inc., Carnegie Mellon University and many among others. These major companies are currently in process of making several snake robot prototypes in order to understand the snake’s locomotion and also they are working on various prototypes that can be used in harsh external outdoor environment.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Autonomous Truck Market In-Depth Qualitative Insights & Future Growth Analysis 2025

An autonomous truck, which is also known as self-driving truck, can run on the roads without the physical presence of a human driver. Autonomous trucks utilize advanced technological systems such as improved quality sensors and cameras, which in turn eliminate the requirement of the physical presence of a driver for running the truck. The platooning of vehicles, which is also known as vehicle-to-vehicle interaction, is an upcoming concept in the autonomous truck market and has been gaining significance for the last few years.

Increasing shortage of human drivers has been observed in recent years owing to the ever-increasing volumes of goods and materials being shipped and transported by means of trucks. For example, according to the American Trucking Associations, the trucking industry is witnessed a shortage of nearly 50,000 drivers in 2017, owing to the rising demand for transportation of materials in large volumes by means of trucks. This increasing shortage of human drivers in the trucking industry is expected to drive the autonomous truck market during the forecast period. Furthermore, an autonomous truck does not face the restriction of number of working hours, as is faced by a human driver driving the truck. The usage of an autonomous truck can thus increase the shipping volumes, as compared to those achieved by a truck driven manually by a driver. This is further expected to boost the autonomous truck market in the near future.

An autonomous truck also reduces the probability of accidents caused by human error due to driver negligence. This is further anticipated to propel the autonomous truck market during the forecast period. Increasing efforts being taken by the OEMs (original equipment manufacturers) as well as the governments of various nations across the world in order to develop and implement autonomous trucks equipped with high technology at an affordable price are likely to fuel the autonomous truck market in the near future.

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An autonomous truck operates by means of advanced electronic and software systems. These highly advanced electronic and software systems are prone to the threat of hacking. Hacking of the software system, by means of which the vehicle operates, can directly place the control of the vehicle in the hands of the hacker. This is likely to lead to accidents, leading to severe monetary losses. A newly emerging technology in autonomous trucks is robotic trucks. Robotic trucks cannot react to certain situations, as a human driver can, as in case of a four-way intersection. This can lead to accidents. Also autonomous trucks can cause issues of unemployment, especially in developing regions of the world where truck driving is a major means of earning for people from a certain section of the society. These minor flaws in autonomous trucks are likely to hinder the autonomous truck market to some extent during the forecast period.

The high adoption rate of the advanced technology, which is employed in autonomous trucks, is estimated to lead to several job cuts in the next few years. This is anticipated to witness resistance to some extent from some sections of society, particularly in developing countries across the world where truck driving is perceived as a means of earning a livelihood by a considerable proportion of the nation’s population. This is anticipated to restrain the autonomous truck market to some extent in the near future.

Based on level of automation, the autonomous truck market can be segmented into function-specific automation, combined function automation, limited self-driving automation, and full self-driving automation. The limited self-driving automation or semi-autonomous trucks segment is currently dominating the autonomous truck market owing to the presence of ADAS (advanced driver assistance systems) in these vehicles and the rising awareness about taking necessary safety precautions among consumers. However, the increasing efforts being taken by governments to promote the usage of fully autonomous trucks are expected to fuel the full self-driving automation segment toward the end of the forecast period.

Based on the type of sensor, the autonomous truck market can be divided into radar sensor, LiDAR sensor, image sensor, ultrasonic sensor, and fusion sensor. Currently, the radar sensor segment is dominating the autonomous truck market owing to its numerous advantages such as light weight, capability to operate even in adverse environmental conditions such as rain, fog and snow, long range detection, and flexible mounting. A novel type of sensor, known as fusion sensor, is being developed, which combines the properties of both radar and LiDAR sensors. The fusion sensor is currently in the developmental stage. However, extensive research and development activities being carried out in the field of fusion sensors are expected to provide lucrative opportunities for the fusion sensor segment of the autonomous truck market toward the end of the forecast period.

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Based on the hardware and software forecast, the autonomous truck market can be classified into communication systems forecast, camera forecast, and GPS system forecast.

Based on geographical region, the autonomous truck market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to expand at a significant growth rate during the forecast period. This is attributed to the high adoption rate of technology in the region and the increasing efforts being taken by OEMs to develop and introduce autonomous trucks in the region. For instance, the startup Embark has developed autonomous trucks that are being utilized to haul refrigerators in California. Uber’s autonomous truck is employed to haul cases of beer across Colorado. The market in Europe is also expected to expand at a considerable growth rate in the near future owing to the increasing efforts being taken by OEMs as well as the European Union to develop and introduce autonomous trucks in the region.

Key players operating in the global autonomous truck market include Uber Technologies Inc., Daimler AG, Ford motor Co., AB Volvo, BMW AG, Tesla Inc., Google Inc., IVICO, MAN, DAF, Scania, among others.

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Power Weeder Market Size 2020: Booming Industry in Upcoming Years Due To Global Demand With Leading Key Players

 

• A power weeder is a two-wheeled agricultural equipment with weeders attached to it. A power weeder can be operated by the operator either by walks or attach it to a tractor to guide the equipment.
• Demand for multipurpose weeding tool in farming is likely to drive the global power weeder market. Power weeders are utilized to remove weeds, stir and pulverize the soil, and to loosen the soil after the crop has begun to grow. Additionally, power weeders are widely used to weed cotton, tomato, tapioca, paddy, sugarcane and pulses among other plant fields.

Key drivers of Power Weeder market

• Rise in adoption of powered equipment for agriculture activities across the globe is estimated to be a prominent driver of the global power weeder market in the near future. Mechanization of agricultural activities is expected to propel the demand for agricultural tractors, harvesters, cultivators, and power weeders among other mechanical farming equipment. Developing economies depend heavily on agriculture; and their growing populations fuel the need for high farm yield. Consequently, governments and international organizations have been initiating various schemes to promote mechanization in the agriculture sector. This, in turn, is expected to drive the global power weeder market.
• For instance, in August 2020, in India, under the Sub-Mission on Agricultural Mechanization, the government released US$ 7.48 Bn to state governments across the country in order to boost inclusive growth and productivity in agriculture through mechanization. Similarly, in Africa, the African Union is aggressively promoting the adoption of sustainable mechanization across the continent under its Comprehensive Africa Agriculture Development Program. Thus, off-highway vehicles, such as tractors and harvesters, are expected to play a pivotal role in augmenting agricultural productivity in these regions.

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• Rise in subsistence farming and agricultural activities, globally, is boosting the global power weeder market. Power weeders are cost-effective, smaller in size than tractors, and can be used in various plant fields as compared to tractors; hence, they are employed extensively by small farmers. Tractors can be difficult to operate in hilly areas and on slopes; hence, power weeders are highly useful, as they can be easily maneuvered across small farms. Power weeders are lighter than tractors and hence, provide minimal soil compaction.
• However, disruptions in supply chain catering to the power weeder market, owing to the global pandemic of the coronavirus has led to the shutdown of production and manufacturing facilities, which in turn caused a shortage of raw material. This, in turn, is estimated to hamper the global market in 2020. The coronavirus pandemic has negatively affected the power weeder market across the globe.

Asia Pacific to hold prominent share of power weeder market

• In terms of region, the global power weeder market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.
• Asia Pacific has presence of robust expanding economies including China, Japan, India, and South Korea. Asia Pacific is home to a significantly large population, as compared to other regions. Therefore, agricultural activities across Asia Pacific are expected to increase during the forecast period in order to cater to the rising demand for agricultural products across the region.
• Increase in awareness about several benefits offered by mechanical farming equipment, such as saving time and labor costs coupled with government subsidies on farming equipment, is expected to drive the power weeder market in Asia Pacific. All the factors mentioned above have led Asia Pacific to account for a prominent share of the global power weeder market.

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Key Players Operating in Global Power Weeder Market

The global power weeder market is highly concentrated due to the presence of top manufacturers. A few key players operating in the power weeder market are:

• FALC srl
• Greaves Cotton Limited
• Honda Power Equipment
• Kerala Agro Machinery Corporation Ltd. (KAMCO)
• Kirloskar Oil Engines Limited (KMW)
• Kranti Agro
• KUBOTA Corporation

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Embedded System for Automotive Market Growth Advancements, Current Scenario of COVID-19 & Forecast 2025

An embedded system is a combination of computer hardware and software with dedicated function, either fixed in capability or programmed that are designed, to maximize efficiency and reduce pollution. The embedded system is an integral part of automotive safety systems, which include anti-lock braking system, electronic stability control, traction control, and automatic four-wheel drive. It displays information either on the windshield of the car or on a separate screen. The embedded system hardware includes microcontroller or microprocessor, integrated circuit, central processing unit, and others. The embedded software system includes operating system such as Linux, Windows, Java, and others.

Embedded System for Automotive Market: Drivers and Restraints

Rise in demand for embedded systems, which are generally available in the cars, is expected to drive the embedded system for automotive market during the forecast period. Furthermore, increase in modernization in the automobile industry, vehicle electrification, safety, and comfort are expected to boost embedded system during the forecast period. The embedded system for automotive market is likely to expand with a significant growth rate as all modern vehicles are equipped with embedded systems owing to extensive demand for safety and comfort while driving. This is expected to drive the embedded system for automotive market during the forecast period. Automotive embedded systems have a short life, which is estimated to restraint the embedded system for automotive market during the forecast period.

Embedded System for Automotive Market: Key Segments

The embedded system for automotive market can be segmented based on type, vehicle type, electric vehicle, sales channel, and region. Based on type, the embedded system for automotive market can be segregated into two types. Among type, the embedded hardware segment holds a prominent share of the market, as compared to the other segment. Embedded hardware includes four different components. The embedded hardware segment is expected to expand at a significant growth rate due to replacement of components in the vehicle owing to malfunction.

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Based on vehicle type, the embedded system for automotive market can be classified into two different vehicle types. Among which, the passenger vehicles segment accounts for major market share of embedded system. The passenger vehicles segment can be further sub-segmented into hatchback cars, sedans, multipurpose vehicles, and sports-utility vehicles.

.In terms of electric vehicle, the embedded system for automotive market can be classified into two types. Among which the passenger electric vehicle segment holds the prominent market share of embedded system. The passenger electric vehicle segment can be further sub-segmented into battery operated electric vehicle, plug-in hybrid vehicle, and hybrid vehicle. Embedded system are expected to witness significant growth owing to increase in demand for electric vehicle.

Based on the sales channel, the embedded system for automotive market can be bifurcated into two types. The aftermarket segment accounts for a higher share of the embedded system for automotive market, as compared to the other segment. This due to short life of the embedded system and continuous replacement of electronic components.

Based on geography, the embedded system for automotive market can be segmented into five different regions. Asia Pacific accounts for a major share of the global embedded system for automotive market owing to the high adoption rate of embedded system and the expansion of the automotive sector leading to an increased production of vehicles with embedded system, especially in China, India, Japan, and South Korea.

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Also demand for embedded system are likely to witness significant growth in this region due to higher adoption rate of electric vehicle. Adding to the demand of electric vehicle is the subsidies offered by government which is expected to be a key factor to boost the demand for embedded system for automotive market during the forecast period.

Embedded System for Automotive Market: Key Players

Key players operating in the global embedded system for automotive market include Robert Bosch GmbH, Continental AG, Denso Corporation, Panasonic Corporation, Delphi Technologies, Infineon Technologies AG, and NXP Semiconductors.

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Hand Wash Station Market Increasing Demand with Leading key players

 

• A hand washing station is a portable sink which can be placed for outdoor hand cleaning. The product is also used for indoor applications.

Key Drivers of the Global Hand Wash Station Market

• Rising prevalence of H1N1 and COVID-19 is one of the key drivers of the hand wash station market. Rising consumer awareness about the importance of hand hygiene is expected to have a positive impact on the global hand wash station market.
• As per guidelines published by the World Health Organization (WHO) on April 1, 2020, every private and public commercial building should install a hand wash station for public access. This is one of the major reasons for the sales of hand wash stations at the global level.
• Huge innovations and technological advancements in the manufacturing process of hand wash stations, including foot pump sink, single sink, and multiple sink, drives the growth of the hand wash station global market.
• The commercial end-user segment is likely to expand at a higher pace in this market. Large number of corporate companies are installing hand wash stations near or inside their office premises.

Rising Investment from Government Sector to Create New Market Opportunities

• Governments of different developing countries are investing in hand wash station installation in rural and metro cities. This could create new opportunities in the market.

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High Bargaining Power of Buyers to Restrict Market Growth

• A large product range of hand wash stations are available in the market. Moreover, many small-scale manufacturers offer this product at a lower price. As a result, bargaining power of buyers is very high. This slows down the market growth for large scale manufacturers.

Asia Pacific the Dominant Market for Hand Wash Stations

• Asia Pacific accounted for the largest and fastest growing hand wash station market in 2019. North America and Europe accounted for significant share of the hand wash station market, with major players operating their global markets from these regions.
• Many small & medium companies are present in North America, Asia Pacific, and Latin America region. However, Germany and China are the hubs of hand wash station manufacturers.

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Key Players Operating in the Global Hand Wash Station Market

The global hand wash station market is fragmented in nature. Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the key players operating in the global hand wash station market are listed below:

• Acorn Engineering Company, Inc.
• CROWN VERITY INC.
• Monsam Enterprises
• PolyJohn
• Mr. John
• TEAL Patents
• Belson Outdoors
• Transplumb Water Technologies
• JW Craft Portable Restrooms, Inc.

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Educational Toys Market Growth Factors, Applications, Regional Analysis, Key Players and Forecast till 2026

Educational toys are informative toys used for the social, cognitive, physical, and emotional development of toddlers, infants, elementary, preschoolers, and middle school kids. It also stimulates the learning process in children. Educational toys include activity sets, construction sets, math and science kits, play dough, DIY craft kits, and theme based toys related to alphabets, animals, & numbers. Educational toys are expected to instruct and encourage knowledge development of children.

Trending factors such as innovative robotics toys for S.T.E.M (science, technology, engineering, and math) education, rising 3D shapes in toy designs, and surging green educational and eco-friendly toys are expected to drive the educational toys market globally in the coming years. Moreover, growing number of online buyers is a driving factor for the educational toys market during the forecast period all across the globe. However, the prices of raw material used for making educational toys are inconsistent, which is projected to hinder the educational toys market during the forecast period. Educational toy manufacturers are also progressively focused on using only environment friendly materials, as well as making major investments in R&D that are estimated to be an opportunity for the educational toys market in the future.

The global educational toys market can be divided on the basis of product type, age group, educator type, end user, distribution channel, toy type, and region. Based on product type, the educational toys market is segmented into academic, cognitive thinking, motor skills, and others. Motor skills is further bifurcated into fine motor skills and gross motor skills. Motor skills are expected to dominate the market during the forecast period. In terms of age group, the market is divided into 1 – 4 years, 4 – 8 years, and above 8 years.

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Based on educator type, the market is bifurcated into S.T.E.M. (science, technology, engineering, and math) activities, brain breaks, gifted & talented, classroom games, after school, and lesson plans. On the basis of toy type, the educational toys market is divided into indoor education toys and outdoor education toys. In terms of end user, the market is separated into residential and commercial. On the basis of distribution channel, the market is distributed into offline and online. The online channel is bifurcated into third-party sales and direct sales. The offline segment can be further bifurcated into discount retailers, specialty stores, department stores, sports stores, and stationary shops. The offline channel segment holds a prominent share and is projected to continue its dominance during the forecast period in terms of revenue.

In terms of region, the global educational toys market is segmented into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA). North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the educational toys market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the educational toys market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America educational toys market is segmented into Brazil, Mexico, and Rest of South America.

Key players operating in the educational toys market globally include Mattel, Parent Co., Toys “R” Us, Engino.net Ltd., Learning Resources, LEGO Education, JAKKS Pacific, Inc., Melissa & Doug, MindWare, Inc., Ravensburger AG, Safari Ltd, Simba Dickie Group GmbH, VTech Electronics North America, LLC, BanBao, Bandai Namco Holdings Inc., GigoToys, GoldLok Toys, and Hasbro. Key players in the educational toys market are projected to observe growing demand for educational toys in the near future due to a gradual shift in customer preference from conventional toys like action figures and dolls, to drones, robot toys, and other electronic toys.

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The market is highly fragmented and competitive owing to many options of small and medium enterprises (SMEs) and international brands in the market. Manufacturers are focusing on latest and innovative toys which are moving toward digital and online platforms. As a result, the educational toys market is estimated to witness improvement globally. Educational toys is an active industry, and its improvement is supported by factors such as technology and innovative products.

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Gift Cards Market Analysis, Top Manufacturers, Shares, Growth Opportunities and Forecast to 2030

A gift card is basically a prepaid debit card that comes with a certain amount of money to be utilized for making purchases. There are usually two different kinds of gift cards, one is closed loop cards and the other one is open loop cards. Both the types find use in physical or in person platforms and on online platforms. Several of these gift cards come with a maximum and minimum initial loading amount. Growing acceptance of these cards, particularly amongst the younger generation is likely to foster growth of the global gift cards market through the timeframe of analysis, from 2020 to 2030.

Phenomenal rise in the use of smartphones together with the increasing affordability of data plans has resulted in the growing use of E-commerce websites. Consumers are increasingly making use of various mobile apps, such as eBay, Amazon, and Flipkart, for the purpose of online shopping. Hassle-free purchase and browsing options on E-commerce websites are making online shopping a very profitable business. The growing popularity of online shopping is likely play an important role in the development of the global gift cards market over the timeframe of analysis, from 2020 to 2030.

The global gift cards market has been segmented on the basis of three important parameters, which are card type, end user, and region.

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Global Gift Cards Market: Notable Developments

One of the recent developments in the global gift cards market that is likely to leave an impact on the market is mentioned-below

• In 2019, US-based software solutions provider, InComm, Inc., entered into a partnership with Singaporean–American multinational technology company, Razer Inc. to introduced Google Play gift cards to the Malaysian market. The product has been made available at around 2250 7-Eleven stores in Malaysia.

Some of the prominent organizations in the global gift cards market comprise the below-mentioned:

• Plastek Card Solutions, Inc
• Blackhawk Network Holdings Inc
• Fidelity National Information Services Inc
• Qwikcilver Solutions, Pvt. Ltd
• Walmart Inc
• Amazon.com Inc.

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Global Gift Cards Market: Key Trends

The global gift cards market is characterized by the presence of the following restraints, drivers, and opportunities.

Market to Ride High on the Back of Phenomenal Rise in the Use of E-Commerce Platforms

The growth of the global gift cards market is likely to be influenced by the rising popularity of E-commerce platforms. These shopping platforms have made the use of gift cards quite easy. On the other hand, the option of online payment provides customers with the choice of physical or digital gift cards. Hassle-free use and purchase of gift cards through online platforms are likely to drive development of the global gift cards market over the tenure of forecast, from 2020 to 2030.

There has been an increased demand for closed-loop gift cards as it comes with a pre-paid amount. Open-loop cards are easily available but closed-loop ones are gaining momentum due to the benefits it offers during months of huge sale. Increasing demand for closed-loop cards are expected to bolster growth of the global gift cards market in the years to come.

Global Gift Cards Market: Geographical Analysis

In terms of regions, the global gift card market is anticipated to be dominated by North America throughout the timeframe of analysis, from 2020 to 2030. Presence of several superstores and malls are expected to play an important role in the growth of the market in North America.

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