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  • Eric Martin created a new blog entry
    Liquid Packaging Market Share See Incredible Growth during 2030
    Theglobal liquid packaging marketsize was valued atUSD 339,527.2 million in 2020and reachedUSD 463,202.8 million by 2027, at a CAGR of 4.5% from 2021 to 20...
    12 hours, 54 minutes ago . Comment   0 0
  • Eric Martin created a new blog entry
    Smart Cleaning and Hygiene Market To See Stunning Growth by 2030
    Description Theglobal smart cleaning and hygiene marketsize was estimated to grow fromUSD 2.85 billion in 2020toUSD 7.91 billion by 2027, at a CAGR of 15....
    13 hours, 22 minutes ago . Comment   0 0
  • Eric Martin
    Smart Ovens Market Foreseen to Grow Exponentially by 2030

    The global smart ovens market size was valued at USD 220.4 million in 2020 to USD 572.14 million by 2027, at a CAGR of 14.6% from 2021 to 2027. The smart ovens market has witnessed an upsurge in technological innovations in the last two years. The recent strides are now aiming at advancements of sensor technology, which will empower adaptable, smart systems targeting safety. Smart sensing in smart ovens has enhanced the overall safety of smart ovens during cooking. Unmonitored cooking is the leading factor that is responsible for a kitchen fire. As a result, advanced sensors are being developed to enable contextual data acquisition around the oven, alarming fire hazards to users. Such safety features are anticipated further to bolster demand for smart ovens during the forecast period.

    Presently, consumers prefer appliances with advanced features and the latest technologies. Several companies operating in the market are offering smart ovens that can be operated through devices such as smartphones. The latest developments market includes the launch of GE PROFILE SERIES 30" microwave oven, which comes with functions that can be controlled wirelessly through a consumer's smartphone. Smart ovens adoption is higher in developed nations such as America and Europe. It is anticipated that developing economies such as India and Brazil would significantly contribute to the growth of the smart ovens market in the years to come.

    Request for a sample report here: https://www.marketstatsville.com/request-sample/smart-ovens-market

    The global smart ovens market is analyzed based on its prospects and future growth rate. The report highlights numerous factors that influence the growth of the global smart ovens market. These include market forecast, drivers, restraints, opportunities, and the role of key players operating in the market. The report is analyzed by type, which provides for built-in and countertop. The report also segments the market based on end-users, mainly residential and commercial. By sales channel, the market is studied across offline and online channels. Furthermore, it includes revenue generated from the sales of smart ovens across North America, Europe, Asia Pacific, and LAMEA.

    Global Smart Ovens Market Dynamics
    Drivers: Advancements in features of smart ovens
    The presence of Wi-Fi or Bluetooth connectivity features allows users to control some features of smart ovens using smartphones or smart speakers. Cooking temperature sets the oven to preheat, and even switching off a range can be performed remotely with the help of smartphones. Furthermore, they can be connected to digital platforms such as Yummly, a food and digital recipe platform by whirlpool. Smart ovens automatically read the instructions from such platforms. They can perform many functions such as preheating, cooking food as instructed, and then turning off automatically based on instructions provided. As a result, smart ovens offer great convenience to users and thus, are estimated to drive the smart ovens market growth.

    Direct Purchase Report: https://www.marketstatsville.com/buy-now/smart-ovens-market?opt=2950

    Restraints: Availability of cost-effective counterparts to dissuade market growth
    In many developing economies, the majority of the population live in rural areas, where the use of traditional cooking equipment is still prevalent, and such equipment is more convenient than smart ovens for them due to factors such as lack of education/awareness and shortage of power/electricity, thus challenging the growth of the market.

    Opportunities: Expansion of smart ovens in developing countries
    Increasing urbanization and the adoption of western culture have transformed customers' lifestyles, especially in developing countries. Demand for advanced home appliances can be improved with extensive marketing strategies and growing awareness among consumers. Through effective marketing, companies can reach their target audiences and cater to their needs. Companies operating in this market plan to invest heavily in marketing and advertising campaigns to promote their innovative technologies among the masses and increase their revenue. Thus, act as a lucrative opportunity for market growth.

    Scope of the Report
    The study categorizes the smart ovens market based on type, sales channel, end user, and regions.

    By Type Outlook (Thousand Units, Sales, USD Million, 2017-2027)
    Built-In
    Counter Top
    By Sales Channel Outlook (Thousand Units, Sales, USD Million, 2017-2027)
    Offline Channels
    Online Channels
    By End User Outlook (Thousand Units, Sales, USD Million, 2017-2027)
    Residential
    Commercial
    By Region Outlook (Thousand Units, Sales, USD Million, 2017-2027)
    North America (US, Mexico, Canada)
    South America (Brazil, Peru, Argentina, Colombia, Rest of Latin America)
    Europe (Germany, UK, Italy, France, Russia, Spain, Poland, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Sweden, Norway, Denmark, Rest of Europe)
    Asia Pacific (China, India, Japan, Indonesia, Malaysia, Thailand, Vietnam, South Korea, Myanmar, Cambodia, Singapore, the Philippines, Australia & New Zealand, Rest of Asia Pacific)
    The Middle East & Africa (Saudi Arabia, South Africa, UAE, Northern Africa, Rest of MEA)
    Residential, by end user, is estimated to be the fastest-growing segment during the forecast period
    Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/smart-ovens-market

    Based on the end user, the market is bifurcated into residential and commercial. The residential segment leads in terms of global market demand and is poised to grow with the highest CAGR of 15.0% during the forecast period, 2021-2027. Increasing consumer awareness and improving the standard of living has fostered the demand for smart ovens from the residential segment.

    Nowadays, most household kitchen appliances have reduced the extensive amount of human involvement in food preparation. Technological advancements have resulted in reduced prices of such products. The popularity of household smart ovens has increased over the years, owing to their affordable prices and technological advances. Household microwaves have helped consumers cook food quickly within a lesser time, giving them more time for other activities. Microwave ovens have become an integral part of household kitchens. Demand for household ovens has increased due to their ability to cook various foods in less time. The adoption of household microwave ovens has increased due to their multipurpose features and efficient cooking.

    Moreover, the working population prefers microwave ovens for their convenience and ease of use. Microwave ovens are available in various sizes, ranging from 20 to 45 liter, to cater to different customer requirements. The increasing propensity of consumers to spend more on kitchen appliances has fueled the growth of the household smart oven segment. Moreover, household consumers demand appliances, which are energy efficient and require minimal space for installation. In addition, improvement in living standards has encouraged consumers to buy technology-driven kitchen appliances. Hence, companies are forced to introduce innovative products and sophistication in their products to cater to the ever-growing demand of customers.

    Asia Pacific accounts for the highest CAGR during the forecast period in the smart ovens market
    Based on region, the global smart ovens market has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific has a growth rate of 16.6% during the forecast period 2021-2027 and has a revenue share of 16.15% in 2020. The Asia-Pacific smart ovens market is analyzed across Japan, China, India, Australia, South Korea, Southeast Asia, and the rest of Asia Pacific. In the Asia Pacific, growth in China is projected to ease to 6.6%, partly reflecting the financial, housing, and fiscal tightening measures of authorities. Growth in Japan has been above potential for eight consecutive quarters and is expected to remain strong at 1.2% for 2020. Demographics, reduction of productivity, and rise of the digital economy impact the long-term growth of the Asia-Pacific smart ovens market.

    The growing middle class and working population contribute to the growth of the microwave oven market in the Asia Pacific. Working-class population prefers using microwave ovens as it provides faster and convenient cooking features. The Asia-Pacific market has enormous growth potential for companies offering new and innovative smart appliances. The low penetration rate of microwave ovens in this region provides ample growth opportunities for key players to gain a first-mover advantage in the market. Established market players need to launch energy-efficient and innovative products to cater to the growing demands of consumers in the Asia-Pacific region.

    Request For Report Description: https://www.marketstatsville.com/smart-ovens-market

    Key Market Players
    Some of the key players in the smart ovens market analysis include Samsung Electronics Co. Ltd., June Life Inc., Panasonic Corporation, LG Electronics, Qingdao Haier Co., Ltd. (Haier), Hitachi, Ltd, Whirlpool Corporation, Sharp Corporation, AB Electrolux, Tovala. These market players are adopting growth strategies to strengthen their position in the market. Product launches and partnerships are the key growth strategies adopted by different key players in the market.
    14 hours, 39 minutes ago . Comment   0 0
  • Eric Martin created a new blog entry
    Medical Device Packaging Market to Witness Explosive Growth by 2030
    Description Theglobal medical device packaging marketsize is expected to grow fromUSD 30.2 billion in 2020toUSD 43.3 billion by 2027, at a CAGR of 6.2%fro...
    1 day, 13 hours ago . Comment   0 0
  • Eric Martin
    Residential Battery Market To Witness Huge Growth By 2030

    Description
    According to the Market Statsville Group (MSG), the global residential battery market size is expected to grow from USD 10.6 billion in 2021 to USD 46.6 billion by 2030, at a CAGR of 17.9% from 2022 to 2030. A residential battery is an in-home energy storage unit that can store energy straight from the power grid or power generated from renewable energy resources like solar and wind.

    Electricity usage in residential buildings is estimated to increase during the forecast period on account of the increasing population, as well as the continuation of urban migration globally. The other major end-user applications include lighting, space cooling, home appliances, cooking, and others.

    Energy storage systems are used for continuous power supply at home during peak hours power outages, especially in non-OECD countries. In most markets, residential energy storage system (RESS) business models are still in their early development stages. However, residential customers are likely to become actively involved in modifying their energy spending patterns by monitoring their actual consumption in real-time.

    Request for a sample report here: https://www.marketstatsville.com/request-sample/residential-battery-market

    Moreover, the residential battery energy storage market is likely to grow rapidly during the forecast period on account of increasing distributed power generation sources on a residential scale, and technological advancements pertaining to energy storage technologies, which is leading to its widespread adoption in renewable energy sources.

    Global Residential Battery Market Dynamics
    Drivers: Increasing Residential Rooftop Solar Installations to Drive the Market
    Several governments globally are shifting toward renewable energy, such as solar and wind, to meet their electricity demand, thereby gradually decreasing the dependency on coal and diesel. Due to the lack of land availability in urban areas and the need to meet the increasing electricity demand, rooftop solar is considered one of the best alternatives.

    Battery storage is a important part of the rooftop solar PV power generation process because solar energy is the intermittent and unavailable during the night. The power generated from the rooftop solar PV is stored in the BESS and later used for self-consumption.

    Government initiatives, such as subsidies and tax credits by various governments like India, the United States, China, and several other countries, have been major factors in the increasing adoption of rooftop solar and associated battery storage systems.

    Restraints: Environmental Disadvantages of Lead-Acid Batteries
    Residential batteries like lead-acid have some environmental concerns. Disposal of lead-acid batteries releases lead, which is considered hazardous waste to human health and the environment. If such batteries are not properly disposed of, they may adversely affect the human brain and kidneys and raise hearing issues.

    Though several nations have recycling facilities for lead-acid batteries, there are still several drawbacks of the lead recycling process, primarily related to operational and environmental concerns. The lead-acid battery recycling process includes the smelting process, which requires high energy demand due to the high operating temperatures. At the same time, the use of carbon as fuel leads to the generation of CO2. The high energy demand in conjunction with the production of CO2 means that lead smelting has a comparatively high global warming potential.

    Direct Purchase Report: https://www.marketstatsville.com/buy-now/residential-battery-market?opt=2950

    Scope of the Global Residential Battery Market
    The study categorizes the residential battery market based on type, power rating, and region

    By Type Outlook (Sales/Revenue, USD Billion, 2017-2030)
    Lithium-ion Battery
    Lead-acid battery
    Other Types
    By Power Rating Outlook (Sales/Revenue, USD Billion, 2017-2030)
    3-6 kW
    6-10 kW
    Others
    By Region Outlook (Sales/Revenue, USD Billion, 2017-2030)
    North America
    US
    Canada
    Mexico
    Europe
    Germany
    Italy
    France
    UK
    Spain
    Poland
    Russia
    The Netherlands
    Norway
    Czech Republic
    Rest of Europe
    Asia Pacific
    China
    Japan
    India
    South Korea
    Indonesia
    Malaysia
    Thailand
    Singapore
    Australia & New Zealand
    Rest of Asia Pacific
    South America
    Brazil
    Argentina
    Colombia
    Rest of South America
    The Middle East & Africa
    Saudi Arabia
    UAE
    South Africa
    Northern Africa
    Rest of MEA
    The lithium-ion segment is projected to account for the largest market share, by type
    Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/residential-battery-market

    Based on type, the global residential battery market is divided into lithium-ion battery, lead-acid battery, and other types. In 2021, lithium-ion had the largest market share in the global residential battery market. Compared to previous technologies, such as lead-acid batteries, lithium-ion batteries provide several technical advantages. Compared to lead-acid batteries, which have a cycle life of 400-500 times, rechargeable Li-ion batteries have a cycle life of over 5,000 times on average.

    The demand for battery energy storage is projected to rise as the capacity of solar rooftops grows. As a result, demand for the lithium-ion batteries is likely to rise during the forecast period as new energy storage systems for residential applications develop. Properties of lithium-ion batteries, such as low charging time, a higher number of charging cycles, less weight, and declining cost, make it preferable for this application.

    Asia Pacific accounts for the highest CAGR during the forecast period

    Based on the regions, the global residential battery market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Worldwide, Asia Pacific is projected to hold the highest CAGR in the global residential battery market during the forecast period.

    China has one of the world’s largest advanced energy storage installed capacities. The Chinese market is expected to grow during the forecast period, led by the government’s policy and regulatory support. The Chinese government has already demonstrated its ability to stimulate high domestic demand for solar-related equipment growth through subsidies and installation targets. China is home to some major battery manufacturing companies, such as BYD and Amperex Technology, and these companies benefit from preferential domestic treatments over their Japanese and Korean competitors. The country aims at further developing its domestics battery manufacturing sector. The country already dominates the lithium-ion battery supply chain and controls 80% of the world's raw material refining, 77% of the world's cell capacity, and 60% of the world's component manufacturing.

    Request For Report Description: https://www.marketstatsville.com/residential-battery-market

    Key Market Players in the Global Residential Battery Market
    Most companies in the market are focused on expanding operations across regions, augmenting their capabilities, and building strong partner relations. Major players in the global residential battery market are:

    Samsung SDI Co. Ltd
    FIMER SpA?
    Amara Raja Batteries Ltd
    LG Energy Solution Ltd
    NEC Corporation
    Duracell Inc.
    BYD Co. Ltd
    Energizer Holding Inc.
    Luminous Power Technologies Pvt. Ltd
    Panasonic Corporation
    Siemens AG
    1 day, 14 hours ago . Comment   0 0
  • Eric Martin created a new blog entry
    Prefabricated Building Market Application to Boost Growth by 2030
    Prefabricated Building Market– Segmented by System (Skeleton, Panel, Cellular, Combined, and Others), by Material (Steel, Concrete, and Wood), by App...
    on June 24 at 4:08 . Comment   0 0
  • Eric Martin created a new blog entry
    Bifacial Solar Panel Market to Impressive CAGR during 2022-2030
    Theglobal bifacial solar panel marketsize is anticipated to project aCAGR of 28.9%during the forecast period (2021-2027). According to the Wood Mackenzie P...
    on June 24 at 2:34 . Comment   0 0
  • Eric Martin created a new blog entry
    Novel Vaccine Delivery System Market Growing to Boost Growth 2030
    Theglobal novel vaccine delivery systems marketsize was valued atUSD 5,029.6 million in 2020and is projected to reachUSD 9,306.1 million by 2027and regis...
    on June 24 at 1:55 . Comment   0 0
  • Eric Martin
    Plastic Processing Machinery Market To Witness Huge Growth By 2030

    The global plastic processing machinery market size is estimated to grow USD 42.5 billion by 2027 from USD 31.4 billion in 2020, at a CAGR of 5.2% during the forecast period. Plastic molding processing technology has been widely used in manufacturing various products, such as connectors, displays, mobile phones, 3C electronic products, auto parts, plastic optical lenses, biomedical application products, general daily necessities, etc. With the growing diversification of product usage and variability in functional requirements, plastic molding processing technology is booming day by day.

    Compared to other materials, such as wood, stone, and metal, plastic has the advantages of low cost and strong plasticity. Therefore it is widely used in the economy and daily life. Plastic products and industry occupy an extremely important position globally; plastic products have developed rapidly worldwide for many years. According to PlasticsEurope data, the global production of plastics in 2018 stood at 359 million metric tons and saw steady growth.

    Owing to the development in demand for plastic products, the industry is growing demand for plastic processing equipment. Among all the techniques, plastic injection molding is the most commonly-used plastic formation technique with numerous industrial applications. The market demand for the technology is continually expanding. Custom-made plastic injection molding parts offer the perfect solution for numerous industries striving to produce a great volume of high-quality and cost-efficient parts.

    Get PDF for more Professional and Technical insights: https://www.marketstatsville.com/request-sample/plastic-processing-machinery-market

    Global Plastic Processing Machinery Market Dynamics
    Drivers: The packaging Industry have Increased the Demand for Plastics
    The global demand for plastic packaging from industries such as consumer goods, electronics, food & beverages, and even industrial is increasing, owing to the benefits provided by plastic packagings, such as the ability to react with fewer products and keep items safe; also, the materials used can be made odorless, which aids in item protection from environmental conditions, and the product can be sealed for leakage proofing. Other benefits are driving the demand for plastic packaging.

    Plastics are valued for their lightness. Even though plastics are used for packaging over 50% of all European goods, they only account for 17% of total packing weight, according to Custom-Pak. According to research conducted by Custom-Pak on the effects of substituting plastic with alternatives (such as paper and paperboard, glass, steel, aluminium, textile, rubber, and cork), the substitutes are 4.5 times heavier on average. The alternatives demand significantly higher material production to produce the same packaging style.

    Restraints: Stricter Government Regulations Toward Minimal Usage of Plastics
    Plastic pollution has become a global problem. Several types of research have stated the adverse effects of plastic on the environment. As a result, Europe enacted restrictions to curb the use of plastics. The public’s knowledge of the negative consequences of plastic use has risen dramatically during the last decade. Many government-sponsored public awareness campaigns and initiatives have raised public understanding. Thus, plastic packaging consumption witnessed a significant impact in the past few years.

    Consumers are now using other packaging materials that offer environmentally-friendly properties. Because of its eco-friendliness and great recyclability, aluminum and glass are being consumed at high rates in the region. As a result, customers are progressively turning away from plastic.

    You Can Purchase Complete Report@ https://www.marketstatsville.com/buy-now/plastic-processing-machinery-market?opt=2950

    Scope of the Report
    The study categorizes the plastic processing machinery market based on type and application at the regional and global levels.

    By Type Outlook (Revenue, USD Million, 2017–2027)
    Injection Molding Machinery
    Blow Molding Machinery
    Extrusion Machinery
    Thermoforming Machinery
    3D Plastic Printers
    Other Types
    By End-Users Outlook (Revenue, USD Million, 2017–2027)
    Packaging
    Consumer Products
    Construction
    Automotive
    Other End-user Industries
    By Region Outlook (Revenue, USD Million, 2017–2027)
    North America (US, Canada, Mexico)
    South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
    Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
    Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
    The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)
    By type, the injection molding machinery segment is projected to account for the largest market share
    Based on type, the global plastic processing machinery market is divided into injection molding machinery, extrusion machinery, thermoforming machinery, blow molding machinery, 3d plastic printers, and other types. In 2020, injection molding machinery was accounted for the largest market share, with 56.0% of the market share. Injection molding machinery is widely used to produce plastic parts in large volumes. Plastic polymers being the most commonly used raw material by injection molding machines, it is used to produce various multi-dimensional and complex products with plastics. The increasing consumption of plastic bottles of bottling companies is anticipated to propel the companies to enhance their production capabilities to meet the growing demand. Manufacturers in the value chain have been introducing cutting-edge technology products to stay competitive in the market studied. For instance, in July 2019, Yizumi-HPM Corp., a manufacturer of high-quality injection molding machines within a range of 65 to 4400 metric tons, announced the development of three new series of injection molding machinery and the launch of Yizumi-HPM full line of linear robots.

    Asia Pacific accounts for the highest CAGR during the forecast period

    Request for Complete TOC and Figures & Graphs @ https://www.marketstatsville.com/table-of-content/plastic-processing-machinery-market

    Based on the regions, the global plastic processing machinery market has been segmented across North America, Asia–Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR of 5.6% in the global plastic processing machinery market during the forecast period. The region includes the countries such as China, India, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia–Pacific. The region’s growth is due to the economic growth in emerging countries such as China, Indonesia, Malaysia, and India.

    Middle East & Africa is the second-fastest-growing region with a CAGR of 5.2% during the forecast period, 2021-2027. To meet the water demand, governments and enterprises in the region have invested heavily in desalination and other projects to provide clean water. For instance, Agthia Group, a leading food and beverage company in the United Arab Emirates signed an agreement to purchase 100% of the shares in the water business of Delta Marketing Company, based in Saudi Arabia, producing the Al Ain brand water. With such investment initiatives, the region is expected to drive the demand for plastic bottles in the region.

    Request For Report Description @ https://www.marketstatsville.com/plastic-processing-machinery-market

    Key Market Players
    Arburg GmbH + Co KG, Sumitomo Heavy Industries, The Japan Steel Works Ltd, Husky Injection Molding Systems Ltd, Milacron LLC (Hillenbrand Inc.), Gurucharan Industries, Graham Engineering Corporation, Engel Austria GmbH, Haitian International Holdings Limited, Brown Machine Group, KraussMaffei Group (ChemChina), and Kautex Maschinenbau GmbH are some of the major companies in the global market of plastic processing machinery.
    on June 24 at 12:49 . Comment   0 0
  • Eric Martin created a new blog entry
    Acrylic Resins Market Foreseen to Grow Exponentially by 2030
    Description According to the Market Statsville Group, theglobal acrylic resins marketsize is expected to grow fromUSD 19,783.2 million in 2021toUSD 29,677...
    on June 23 at 1:16 . Comment   0 0
  • Eric Martin created a new blog entry
    Hydraulic Pump Market Set to Witness Explosive Growth by 2030
    According to the Market Statsville Group (MSG), theglobal hydraulic pump marketsize is expected to grow fromUSD 8,465.9 million in 2021toUSD 13,190.4 milli...
    on June 23 at 11:35 . Comment   0 0
  • Eric Martin
    Cannabis Packaging Market Is Booming Worldwide Business Forecast 2030

    Description
    The global cannabis packaging market size was estimated to grow USD 3,534.2 million by 2030 from USD 620.2 million in 2021, growing at a CAGR of 24.3% from 2022 to 2030. The rising demand and use for medical and recreational cannabis products for consumption and the increasing legalization and certification of cannabis in various countries are likely to drive the global market of cannabis packaging.

    The market was plagued with the non-uniformity of the legal status of cannabis around the world, due to which major packaging companies have stayed away from the market. However, larger packaging firms are entering the market with the increasing legalization. Berry Global was the major player that entered the cannabis packaging market in 2018, and the other major players are expected to enter the market with unprecedented growth. Currently, several players are operating in the studied market, like, Green Rush and JL Clarks.

    Request for a sample report here: https://www.marketstatsville.com/request-sample/cannabis-packaging-market

    Moreover, the cannabis packaging market is still a maturing industry owing to the vast restrictions placed on the free distribution of cannabis. Canada was the first nation to fully legalize the growth, consumption, and sale of cannabis, with Uruguay, Georgia, and South Africa having similar but significantly more restrictive national legalization models in place.

    Definition of Global Cannabis Packaging Market

    Cannabis: Cannabis is a psychoactive medicine from the Cannabis plant, and cannabis is also known as marijuana. For centuries, the cannabis plant has been used for recreational and entheogenic purposes and in various traditional medicines.

    Cannabis Packaging: The packaging market of cannabis deals with several rigid and flexible packaging formats, including child-proof containers, barrier bags, flexible films, amongst others. The demand of the packaging market is led by the consumption of packaging for recreational and medicinal purposes.

    COVID-19 Impact on the Global Cannabis Packaging Market
    The COVID-19 pandemic has significantly impacted several industries causing ripples in the supply chain but has been beneficial for the growth of the studied market. Cannabis was labeled an “essential item” during the COVID-19 pandemic, which allowed its distribution even in lockdown. After government authorities in several regions deemed cannabis businesses as “essential” operations, states with legal medical or recreational stores were open amidst the pandemic owing to its status of operations. The continuous retail operations allowed growth in sales of cannabis which in turn created a positive impact on the packaging market.

    In addition, the onset of 2020 has led to issues being faced by plastic manufacturers amidst the Coronavirus outbreak. For instance, as of March 2020, the British Plastics Federation (BPF) surveyed its members to depict the coronavirus pandemic impact on UK plastics manufacturing.

    Direct Purchase Report: https://www.marketstatsville.com/buy-now/cannabis-packaging-market?opt=2950

    During the pandemic, the increased demand for cannabis products has led to the geographic expansion of key players targeting the emerging set of customers. For instance, in April 2021, Her Highness, a luxury cannabis brand with operations in several states in the United States, announced expanding into Canada and other countries. The company stated that its strategic expansion addresses the increased demand during the pandemic era.

    Global Cannabis Packaging Market Dynamics
    Drivers: Legalization of Cannabis in Various North American Countries
    Cannabis has been grown, sold, and distributed through illegal channels for several years. The legalization of the product routed the sales through proper channels urging systematic governance in the sector. The legalized product distribution across countries has directly impacted the need for sophisticated packaging formats to enhance the brand image and extend shelf life, amongst other requirements.

    Medical cannabis use has been legalized for several years in countries like the United States. But the legalization of cannabis in Canada and multiple states of the United States is driving the growth of the studied market. Canada has already legalized cannabis for medicinal and recreational purposes in 2018. The United States is fast catching up with several state governments legalizing the use in tandem with public pressure and curbing the illegal distribution of the product.

    For instance, in Arizona, voters approved Proposition 207 in November 2020, which legalized cannabis for adult use. The state provided licenses to operators that enabled adults to buy cannabis 80 days after voters approved the initiative. The new legalization allows buyers to purchase a maximum amount of one ounce per transaction from regulated sources. There are 1 .37 dispensaries operational in Arizona per 100,000 people. The increased demand for the products is anticipated to drive retail sales.

    Restraints: Stringent Regulation Related to Cannabis Packaging
    The stringency of the regulations is anticipated to offer some degree of flexibility over the forecast period so as not to stifle innovation in the cannabis packaging industry but currently poses an immense challenge. Even with this recent legitimization of cannabis in several countries, several strict norms need to be followed for packaging cannabis products. For instance, according to regulations in the state of California, which were codified in Proposition 64, the law that legalized adult-use cannabis in the state, the packaging of cannabis was outlined with different requirements.

    In addition to the labeling requirements, the law also provides directions for cannabis packaging sold in a dispensary in California. The requirements are listed below. Such rigorous practices have created a challenge for packaging solution providers to maintain compliance.

    Furthermore, the cannabis packaging standards differ from country to country and from state to state in some instances. The lack of uniformization of regulations in countries like the United States, where state governments are actively legalizing marijuana, but the product continues to be illegal on a federal basis, has created immense confusion amongst cannabis vendors and their packaging suppliers.

    Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/cannabis-packaging-market

    Global Cannabis Packaging Market Segmentation
    The cannabis packaging market has been categorized based on type, packaging material, and region.

    By Type Outlook (Sales, USD Million, 2017-2030)
    Rigid Packaging
    Flexible Packaging
    By Packaging Material Outlook (Sales, USD Million, 2017-2030)
    Glass
    Metal
    Plastic
    Cardboard Containers
    By Region Outlook (Sales, USD Million, 2017-2030)
    North America (US, Canada, Mexico)
    South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
    Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
    Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
    The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)
    By type, the rigid packaging segment holds the largest market share
    The worldwide cannabis packaging market is segmented into rigid and flexible packaging based on type. The rigid packaging segment of the global cannabis packaging market held the largest market share of 78.2% in 2021. Rigid packaging comprises plastic bottles, glass bottle jars, and metal cans. While there are various material types used for cannabis packaging, plastic is the most common material used for cannabis packaging. Two major reasons involve product preservation and the strict cannabis packaging regulatory environment.

    Another advancement that has significantly expanded cannabis packaging evolution is the use of airtight containers. Although plastic packaging is convenient storage, it does not completely keep cannabis airtight and fresh. Therefore, the need for airtight cannabis packaging arose quickly. This led to the invention of nitrogen-sealed cannabis packaging. The airtight cannabis packaging market continues to expand daily. A player such as JohnsByrne has been a significant player in the evolution of cannabis packaging. The EPIK LOK packaging solution's most significant advancement is 16CFR Part1700 tested and CR certified. EPIK LOK is an innovative CR packaging solution that provides cannabis companies with maximum surface area for aesthetic and decorative elements while guaranteeing the safety of children.

    Request For Report Description: https://www.marketstatsville.com/cannabis-packaging-market

    Europe accounts for the fastest-growing region

    North America, Asia-Pacific, Europe, South America, and the Middle East & Africa are the regions in which the worldwide cannabis packaging market has been categorized. Europe will have the highest CAGR of 25.5% in the global cannabis packaging market during the forecast period. The legalization of cannabis is accelerating in Europe, with several significant developments in the final quarter of 2020. The European Court of Justice decided in November 2020 that CBD is not a narcotic substance under EU law, paving the way for future CBD markets. A few weeks later, the United Nations finally acknowledged cannabis' medical potential by removing the plant and its derivatives from Schedule IV of the Single Convention on Narcotic Drugs, with all EU countries voting in favor except Hungary.

    According to a study published in April 2020 on Pan European Networks Ltd, a European health website, researchers will conduct an anonymous survey of medical cannabis patients about their mental and physical health, as well as examine changes in patients' frequency of use of cannabis, dosage, and route of administration based on COVID-19-related closures and updates. As a result, the COVID-19 pandemic is predicted to provide significant market expansion potential.

    Key Market Players
    The cannabis packaging market is mildly concentrated in nature with few numbers of global players operating in the market such as KushCo Holdings Inc., JL Clarks Inc., Kaya Packaging, Cannaline Cannabis Packaging Solutions, Dynapack, Diamond Packaging, Greenlane Holdings Inc., N2 Packaging Systems, Green Rush Packaging, Elevate Packaging Inc., and Berry Global Inc. Every company follows its business strategy to achieve the maximum market share.
    on June 23 at 10:17 . Comment   0 0
  • Eric Martin created a new blog entry
    Satellite Laser Communication System Market To Witness Growth By 2030
    Theglobal satellite laser communication system marketsize is expected to grow fromUSD 356.8 million in 2021toUSD 5205.7 million by 2030, at a CAGR of 39.8%...
    on June 22 at 1:18 . Comment   0 0
  • Eric Martin created a new blog entry
    Pet Food Market Size, Trends, Scope and Growth Analysis to 2030
    Description According to the Market Statsville Group, theglobal pet food marketsize wasUSD 39.1 billion in 2021and is estimated to reachUSD 63.7 by 2030, ...
    on June 22 at 10:50 . Comment   0 0
  • Eric Martin
    Automated Waste Collection System (AWCS) Market Worldwide Forecast 2030

    According to the Market Statsville Group (MSG), the global automated waste collection system market size was valued at USD 273.9 million in 2021 and is projected to reach USD 555.2 million by 2030, registering a CAGR of 10.7% from 2022 to 2030. The automated waste collection system eliminates the space needed for manual waste collection and dump bins. It is integrated with advanced vacuum technology that offers a sustainable and cost-efficient waste collection. This system provides several practical and environmental benefits over the conventional waste collection systems across the globe. Also, it is designed for different types of waste, such as large sheets of cardboard, metals, clothes, glass, and others.

    Factors such as rise in environmental awareness, an increase in focus on proper collection of garbage and waste piles for disposal, and urban population growth drives the demand for automated waste collection system in urban areas. However, the requirement for high capital investments and the lack of awareness in developing countries hinder the automated waste collection system market growth. Moreover, the High growth potential in the emerging economies and increase in the smart city initiatives offers lucrative growth opportunities for the market players during the forecast period.

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    Global Automated Waste Collection System (AWCS) Market Definition

    The automated vacuum waste collection system transfers the waste materials generated from residential, commercial, and industrial sources through underground pneumatic tubes to a collection station. It is also known as pneumatic waste.

    Global Automated Waste Collection System (AWCS) Market Dynamics
    Drivers: Rise in environmental awareness
    An increase in the environmental awareness regarding renewable waste collection management systems among people and a rise in CO2 emissions globally are expected to generate growth opportunities for the automated waste collection systems market. Market players such as Sweden-based Envac AB have been taking proactive measures to install pneumatic waste collection systems around the globe to enhance the waste collection procedure for reduction of pollution and protect the environment from hazards. Moreover, untreated waste and dumping affect health directly and indirectly by spreading vectors, which cause infectious diseases and boost demand for automated waste collection systems.

    Restraints: Requirement for high capital investments
    It is challenging to invest in automated waste collection systems, considering their initial installation costs. Developed nations can afford automated waste collection systems project costs as they concentrate on advanced facilities. In contrast, developing countries spend less on waste operations as they have diversified financial budgets allocated to other developments such as building roads, railways, and public facilities. In addition, automated waste collection systems require maintenance and repair costs, and developing countries find it difficult to recover this invested cost. Hence, all such instances are anticipated to hamper the growth of the automated waste collection systems market.

    Direct Purchase Report: https://www.marketstatsville.com/buy-now/automated-waste-collection-system-market?opt=2950

    Global Automated Waste Collection System (AWCS) Market Segmentation
    The study categorizes the automated waste collection system market based on type, operation, and application at the regional and global levels.

    By Type Outlook (Sales, USD Million, 2017-2030)
    Gravity System
    Full Vacuum System
    By Operation Outlook (Sales, USD Million, 2017-2030)
    Stationary
    Mobile
    By Application Outlook (Sales, USD Million, 2017-2030)
    Airports
    Hospitals
    Food markets
    Industries
    Stadiums
    Others
    By Region Outlook (Sales, USD Million, 2017-2030)
    North America
    US
    Canada
    Mexico
    Europe
    Germany
    Italy
    France
    UK
    Spain
    Poland
    Russia
    Slovenia
    Slovakia
    the Netherlands
    Belgium
    Norway
    Denmark
    Czech Republic
    Sweden
    Rest of Europe
    Asia Pacific
    China
    Japan
    India
    South Korea
    Indonesia
    Malaysia
    Thailand
    Vietnam
    the Philippines
    Singapore
    Australia & New Zealand
    Rest of Asia Pacific
    South America
    Brazil
    Argentina
    Colombia
    Rest of South America
    The Middle East & Africa
    Saudi Arabia
    UAE
    South Africa
    Northern Africa
    Rest of MEA
    The full vacuum system segment is projected to account for the largest market share, by type
    Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/automated-waste-collection-system-market

    By type, the automated waste collection system (AWCS) market is classified into full vacuum system and gravity vacuum system. The full vacuum system allows vacuum suction of the waste at the loading point. Thus, the waste is collected as soon as the user throws the waste through the designated chute. The gravity vacuum system is designed to temporarily hold the waste between two transport cycles.

    In 2021, the full vacuum system segment accounted for the largest market share of 71.5% in the global automated waste collection system market. The main advantage of an automated waste collection system (AWCS) is eliminating curbside garbage collection, thus, reducing the traffic caused by waste collection trucks through the streets. Further, the full vacuum system allows users to discard their waste through the waste chute and transport directly to the central waste handling and collection facility.

    Asia Pacific accounts for the highest CAGR during the forecast period

    Based on the regions, the global automated waste collection system market has segmented as North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is the fastest-growing region with a CAGR of 9.5% during the forecast period. Asia-Pacific includes China, India, Japan, and the Rest of Asia-Pacific. In the Asia Pacific, China, Japan, and South Korea own the maximum share of the automated waste collection system market in the region, owing to the construction of smart cities and rapid development.

    Rapid urbanization and infrastructural development are the major factors driving the automated waste collection systems market's growth in Asia-Pacific. China is the largest contributor in the Asia-Pacific region for the AWCS market. Furthermore, the construction sector of South Korea registered significant growth in recent years. For instance, in September 2020, the Statistics Korea (department of statistics of the government of South Korea) published economic data of South Korea, according to which the construction sector registered a growth of 34.8% in the 2nd quarter of 2020 compared to the 1st quarter of 2020. These developments are expected to result in a rise in waste management activities, accelerating the demand for smart waste management, so there will be an increase in the demand for the automated waste collection system.

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    Key Market Players in the Global Automated Waste Collection System (AWCS) Market
    The global automated waste collection system market is highly competitive. Key industry players adopt various strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions.

    Major players in the global market of automated waste collection system are:

    AMCS group
    Aerbin ApS
    Envac Group
    Logiwaste AB
    Caverion corporation
    MariMatic Oy
    AWC Berhad Group
    Ros Roca SA
    Greenwave Solutions
    STREAM environment
    on June 22 at 9:56 . Comment   0 0
  • Eric Martin created a new blog entry
    Smart Mirror Market to Experience Significant Growth by 2030
    According to the Market Statsville Group (MSG), theglobal smart mirror marketsize wasUSD 2.3 billion in 2021and is estimated to reachUSD 6.2 billion by 203...
    on June 21 at 1:50 . Comment   0 0
  • Eric Martin
    Smart Sound and Gateway Market size See Incredible Growth during 2030

    Description
    According to the Market Statsville Group (MSG), the global smart sound and gateway market size is expected to grow from USD 438.4 million in 2021 to USD 4,397.7 million by 2030, at a CAGR of 29.2% from 2022 to 2030. A smart speaker is a wireless device offering smart audio playback using several types of connectivity for additional functions. The study focuses on smart speakers with both display and non-display offerings. The devices that operate with a virtual assistant are considered under the scope of the study, and the devices that offer multiple virtual voice assistant support are considered under 'Multiple Virtual Assistant Support Speakers’.

    Due to high-speed internet and increased access to smartphones the global demand for smart speakers is increasing at an exponential rate. In English-speaking nations, such as the UK and the US, demand for smart speakers with virtual voice assistants was significantly higher in 2019. Since then, demand has shifted to non-English speaking countries, such as China, Germany, and India.

    Among the overall demand for digital voice assistants, overall market demand was led by Google Assistant and Apple's Siri, owing to their penetration in the smartphone market. However, in terms of smart speakers, the market was led by Amazon's Alexa. Alexa commands a major share of the smart speaker market, owing to the growing product queries made via voice searches.

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    Global Smart Sound and Gateway Market Dynamics
    Drivers: Growing Consumer Propensity toward Connected Devices
    The growing consumer propensity towards the adoption and usage of the connected devices is augmenting the demand. For instance, according to a study by Jaze Networks, the global internet-connected devices per person in 2020 were at 6.58; and according to another study, the global number for connected devices per person is likely to reach 15 by 2030.

    In addition to this, consumer demand for smartphones is increasing at a significant rate. For instance, according to the data by Ericsson, in Q2 2020, the total number of mobile subscriptions was about 7.9 billion, amongst which about 74% of the subscriptions were associated with smartphones. Such growing penetration of smartphones is expected to pave the way for more connected to devices.

    Challenges: Security Concerns Pertaining to Connected Devices
    Even small news of security breach headline from a major vendor influences consumer decisions significantly. For example, misunderstood commands, unintended purchases, and Alexa listening to consumers have made users take a back foot stance in adopting smart speakers. Also, the security breaches in terms of data and passive listening were amongst the major concerns hindering the growth.

    According to a study by Microsoft, about 52% of the respondents mentioned that data security was their major concern in the adoption of smart speakers, 41% mentioned its passive listening, and 14% of respondents took time to hand write that they did not trust the company behind the voice assistant.

    Direct Purchase Report: https://www.marketstatsville.com/buy-now/smart-sound-and-gateway-market?opt=2950

    Segments of the Global Smart Sound and Gateway Market
    The study categorizes the smart sound and gateway market based on virtual assistant, solution, and region.

    By Virtual Assistant Outlook (Sales, USD Million, 2017-2030)
    Alexa
    Google Assistant
    Siri
    Ali Genie
    Xiao AI
    Multiple Virtual Assistant Support Speakers
    Other Virtual Assistants
    By Solution Outlook (Sales, USD Million, 2017-2030)
    Smart Speaker
    Hearables
    By Region Outlook (Sales, USD Million, 2017-2030)
    North America
    US
    Canada
    Mexico
    Europe
    Germany
    Italy
    France
    UK
    Spain
    Poland
    Russia
    The Netherlands
    Norway
    Czech Republic
    Rest of Europe
    Asia Pacific
    China
    Japan
    India
    South Korea
    Indonesia
    Malaysia
    Thailand
    Singapore
    Australia & New Zealand
    Rest of Asia Pacific
    South America
    Brazil
    Argentina
    Colombia
    Rest of South America
    The Middle East & Africa
    Saudi Arabia
    UAE
    South Africa
    Northern Africa
    Rest of MEA
    The Alexa segment is projected to account for the largest market share, by virtual assistants
    Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/smart-sound-and-gateway-market

    Based on virtual assistants, the global smart sound and gateway market is divided into Alexa, Google Assistant, Siri, Ali Genie, Xiao AI, Multiple Virtual Assistant Support Speakers, and Other Virtual Assistants. In 2021, Alexa had the largest market share of 31.9% in the global smart sound and gateway market. Amazon’s Alexa is one of the most commonly accepted, hands-free voice assistants that can be used for various purposes. Its user interface system was developed back in 2014. Alexa’s distinguished features, machine learning, and speech science technology is further designed to support multiple, simultaneous wake words.

    Since the emergence of voice assistants, globally, the expanded conversational commerce has created new opportunities for brands to build greater intimacy with consumers. For instance, Amazon has been rolling out voice shopping options by adding the Alexa voice assistant to its mobile shopping app. Likewise, it aims to foray into Europe to try out voice shopping. However, issues pertaining to compliance with Europe’s GDPR privacy rules and assurance to people that their data would not be taken.

    Asia Pacific accounts for the highest CAGR during the forecast period

    Based on the regions, the global smart sound and gateway market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR of 40.1% in the global smart sound and gateway market during the forecast period. The region includes the countries such as China, Japan, India, Australia, Southeast Asia, South Korea, and Rest of Asia-Pacific. Due to the low manufacturing costs achieved by local vendors, high rate of product innovation in the market, and increased domestic consumption, China had the largest market share in Asia Pacific. For instance, In 2020, Xiaomi-backed Redmi also launched its first touchscreen smart speaker, dubbed as Redmi XiaoAI Touchscreen Speaker 8. In September 2020, the company again launched an upgraded variant in China — Redmi XiaoAI Touchscreen Speaker Pro. It features an 8-inch touchscreen display that can be used to watch videos, listen to songs, and be linked with smart cameras and doorbells to view the video feed on the device to keep a check anytime.

    Moreover, High investment in IoT devices and technology and increasing investment in voice assistant devices are some of the key factors driving the market growth in Japan. Many small companies claim that there were approximately 3.5 to 4 million households in Japan with smart speakers installed in their homes in 2018. This number is expected to increase to almost 22 million households by 2024. Many local newspapers also claimed that in 2019, the country witnessed a 131% growth in the smart speaker market.

    Request For Report Description: https://www.marketstatsville.com/smart-sound-and-gateway-market

    Key Market Players in the Global Smart Sound and Gateway Market
    Most companies in the market are focused on expanding operations across regions, augmenting their capabilities, and building strong partner relations. Major players in the global smart sound and gateway market are:

    Amazon.com Inc.
    Google LLC (Alphabet Inc.)
    Apple Inc.
    Alibaba Group Holding Limited
    Baidu Inc.
    Xiaomi Inc.
    Samsung Electronics Co. Ltd
    Sonos Inc.
    Bose Corporation
    Plantronics Inc.
    on June 21 at 12:39 . Comment   0 0
  • Eric Martin created a new blog entry
    Pallet Pooling System Rental Market Rising and Future Scope till by 2030
    Description According to the Market Statsville Group (MSG), theglobal pallet pooling system rental marketis estimated to grow at aCAGR of 5.2%from 2022 to...
    on June 21 at 11:06 . Comment   0 0
  • Eric Martin created a new blog entry
    Solar Power Equipment Market worth USD 315.1 billion by 2030
    The Market Statsville Group(MSG)publishes the new report on the"Solar Power Equipment Marketby Equipment (Mounting, Racking, & Tracking System, Solar P...
    on June 20 at 1:08 . Comment   0 0
  • Eric Martin
    Retail Automation Market size See Incredible Growth during 2030

    Description
    According to the Market Statsville Group (MSG), the global retail automation market size is expected to grow from USD 14.9 billion in 2021 to USD 33.4 billion by 2030, at a CAGR of 9.4% during the study period from 2022 to 2030. The advent of emerging technologies has disrupted the retail industry, which has boosted the demand for retail automation across the globe. Retailers are opting for customizable solutions that offer exquisite consumer experience, which is driving the growth of the market. Retail industry is witnessing revolutionary changes as the consumer demands are positively impacting the economic growth of a nation. This rise in need to ease the shopping process and provide high-quality services to consumers has significantly boosted the growth of automation in the retail industry. Also, an increase in purchasing power of the consumers improves the nation's economy. This is projected to fuel the market's growth in the coming years.

    Moreover, growing demand for business process optimization in the retail industry is expected to drive the growth of the market. However, the high initial investment and setup cost needed to deploy and implement automation solutions in retail is likely to hinder the market growth. The emergence of opportunistic technologies for the market is expected to boost the adoption of automation in the future. Therefore, technological advancements with real-time data and analytics is expected to provide lucrative opportunities for the global retail automation market.

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    Global Retail Automation Market Definition

    Retail automation is a automated processes that integrates software and hardware solutions to manage retail activities such as product management, workforce management, store audit, inventory management, and others. Typically, retail automation includes self-service processes and standalone kiosks that operate as fully automatic retail stores with the help of software integrations.

    Global Retail Automation Market Dynamics
    Drivers: Globalization of e-commerce coupled with the advent of IoT
    Advent of e-commerce across the globe has intensified the delivery competition among players operating in this market. Thus, the rise in adoption of e-commerce automation that automatically categorizes customers for marketing, standardizes visual merchandising, streamlines tracking & reporting, manages high-risk orders, and other such features majorly drive the growth of the global market in the coming years.

    E-commerce tools that ease the operational processes and channels create high revenue opportunities, increasing the demand for automation among retailers. The e-commerce automation tools provide features such as inventory and order management systems to digitally track the stock levels and inventory status and notify the changes. This reduces the time to manage inventory and eliminates the out-of-stock situation in the retail industry. Hence, the globalization of e-commerce activities is expected to propel the growth of the global retail automation market during the forecast period.

    Restraints: High initial investment needed to deploy automation in retail
    The return on investment is high for automation, and the duration required to gain profits is relatively high. Thus, retailers with limitations on migration budgets are lagging behind in adopting complete automation solutions, which is expected to hamper the market growth. In addition, solutions such as automated guided vehicles and automated robotic systems have high initial investments, which may hinder the market's growth.

    Moreover, advance automation approaches give rise to technological complexity that involves high-risk implementation, large investments, transformation projects, and prolonged payback periods, which are major factors expected to restrain the growth of the global retail automation market.

    Direct Purchase Report: https://www.marketstatsville.com/buy-now/retail-automation-market?opt=2950

    Segments of the Global Retail Automation Market
    The study categorizes the retail automation market based on type, implementation, and end-users at the regional and global levels.

    By Type Outlook (Revenue, USD Million, 2017-2030)
    Point-of-Sale (POS)
    Barcode & RFID
    Electronic Shelf Label (ESL)
    Cameras
    Autonomous Guided Vehicle (AGV)
    Others
    By Implementation Outlook (Revenue, USD Million, 2017-2030)
    In-store
    Warehouse
    By End-Users Outlook (Revenue, USD Million, 2017-2030)
    Hypermarkets
    Supermarkets
    Single Item Stores
    Fuel Stations
    Retail Pharmacies
    By Region Outlook (Revenue, USD Million, 2017-2030)
    North America
    US
    Canada
    Mexico
    Europe
    Germany
    Italy
    France
    UK
    Spain
    Poland
    Russia
    The Netherlands
    Norway
    Czech Republic
    Rest of Europe
    Asia Pacific
    China
    Japan
    India
    South Korea
    Indonesia
    Malaysia
    Thailand
    Singapore
    Australia & New Zealand
    Rest of Asia Pacific
    South America
    Brazil
    Argentina
    Colombia
    Rest of South America
    The Middle East & Africa
    Saudi Arabia
    UAE
    South Africa
    Northern Africa
    Rest of MEA
    The POS segment is projected to account for the largest market share, by type
    Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/retail-automation-market

    Depending on the type, the global retail automation market is classified into Point-of-Sale, electronic shelf label, barcode & RFID, camera, autonomous guided vehicle, and others. In POS had the largest market share of 34.1% in the global retail automation market. Point-Of-Sale (POS) system operates as a computerized network. These computers are linked with several checkout terminals at the point of purchase and include hardware from barcode scanners to card payment terminals. POS systems usually display the completion of the retail transaction.

    The retail industry has been significantly evolving since the past decade. The need to provide exquisite shopping experiences that can help retailers increase customer retention is fueling the need to adapt to on-going digitalization strategies such as automation. Thus, integrating technologies with smart devices has witnessed high growth in the retail industry. In addition, computers that operate loyalty management, payment processing, store sales, and coupons seamlessly and securely with backend management systems such as inventory, order, fulfillment, and customer experience, are experiencing rapid growth. These factors are expected to drive the growth of the POS segment in the global market during the forecast period.

    Asia Pacific accounts for the highest CAGR during the forecast period

    Based on the regions, the global retail automation market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to be the fastest-growing region with a CAGR of 11.5% during the forecast period (2022-2030). The Asia-Pacific retail automation market is analyzed across countries such as China, Japan, India, and the rest of Asia-Pacific. Asia-Pacific-based businesses and government entities are restructuring their strategies around automation due to growth in consumer purchasing power and the advent of digitalization in the region.

    Further, rise in the development of a smart supply chain where the data is generated by ecosystems of providers, suppliers, retailers, and distributors, proliferates the high demand for automation services in this region. As analytics is a smart supply chain that collaborates with the value chain and workers to gain optimal operational efficiency. This is a major reason to boost the adoption of analytics in the retail industry and is expected to fuel the market's growth during the forecast period. In addition, Asia-Pacific countries are expected to witness a high growth rate in the global market due to the rapid adoption of advanced technologies among retail businesses and the industrial sector, which is projected to make it a key competitor worldwide in the coming years.

    Request For Report Description: https://www.marketstatsville.com/retail-automation-market

    Key Market Players in the Global Retail Automation Market
    Most companies in the market are focused on expanding operations across regions, augmenting their capabilities, and building strong partner relations. Major players in the global retail automation market are:

    Honeywell International Inc.
    Fujitsu Limited
    Fiserv, Inc.
    Datalogic S.p.A.
    NCR Corporation
    Posiflex Technology Inc.
    Toshiba Global Commerce Solutions
    Zebra Technologies
    Diebold Nixdorf, Incorporated
    KUKA AG
    on June 20 at 11:22 . Comment   0 0
  • Eric Martin created a new blog entry
    Health Food Market Growing Population to Boost Growth 2030
    Theglobal health food marketsize is projected to grow at aCAGR of 8.9%during the forecast period.Healthy food is a diet that improves, maintains, or enhanc...
    on June 17 at 12:30 . Comment   0 0
  • Eric Martin
    Point of Sale (POS) Terminal Market Will Grow in Near Future 2030

    Description
    According to the Market Statsville Group (MSG), the global POS terminal market size was valued at USD 84.1 billion in 2021. It is anticipated to reach USD 175.2 billion by 2030, registering a CAGR of 8.5% during the forecast period. POS terminals have emerged as a cost-efficient payment and billing solution for many business segments. These devices have a wide range of applications such as payments, printing bills, inventory management and customer relationship management. Technological advancement in POS systems has improved reliability and durability of these systems as compared to traditional systems such as cash registers. Increasing demand from end user segment and high demand for wireless portable POS system is driving market growth.

    The low penetration of payment technologies and the considerable unbanked population in countries like India are expected to drive market growth. Increasing market competition and the need for better functionality drive the market for POS terminal software. The demand for POS services is expected to rise significantly in the next eight years. The repair and maintenance services are on the rise in developed countries where the market is saturated, where as demand for managed services will witness high growth in the developing countries. Professional services have emerged as a potential service segment; providing data security, recovery, and maintenance services contribute to market growth.

    Request for a sample report here: https://www.marketstatsville.com/request-sample/point-of-sale-terminal-market

    Global Point of Sale (POS) Terminal Market Definition

    A Point-of-Sale (POS) is an automated cash register technology that can track and record customer orders, credit and debit cards, manage inventory across geographically dispersed locations, and connect to other systems across the network. Generally, a fixed POS terminal has as its core a personal computer, which is provided with an application-specific program along with I/O devices for the particular environment across which it serves.

    Global Point of Sale (POS) Terminal Market Dynamics
    Drivers: Increasing demand for mobile POS terminals
    Mobile payment processing enables small retailers to gain access to transactional information. The sophisticated data analytics, growing credit card payments, and ever-changing consumer expectations have driven the demand for mobile POS terminal. This growth has encouraged retailers to leverage new applications and strategies to deliver seamless customer experience.

    Mobile applications have the capability to create a new medium for revenue growth; as a result, vendors are increasingly trying to understand various marketing channels available in order to leverage technology to compete across the industry. Due to the low deployment costs, the flexibility of having a tablet-based POS or smartphone POS has encouraged SMBs to invest in the mPOS technology.

    Restraints: Data Security Concerns
    The POS systems are increasingly being deployed across the hospitality and retail industries for payments as well as to offer other operational information, such as inventory management, sales tracking, and accounting. Thus, from a security standpoint, the immediate risk to customers and businesses lies in accepting payments. If the customer’s information gets captured, cybercriminals can use it to commit credit card fraud. The risk of exposure has led to the development of the Payment Card Industry Security Standards Council (PCISCC) established data security standards for organizations that handle the information of debit, credit, and ATM cardholders.

    POS systems are difficult to secure, owing to their role and exposed location across the network. They handle critical information and require being managed from remote locations. Therefore, a substantial impact of POS breaches is the possibility of identity threats. These victims can encounter problems such as damaged credit standing, financial loss, and fraudulent purchases.

    Direct Purchase Report: https://www.marketstatsville.com/buy-now/point-of-sale-terminal-market?opt=2950

    Scope of the Global Point of Sale (POS) Terminal Market
    The study categorizes the point of sale (POS) terminal market based on product, component, deployment mode, and application at the regional and global levels.

    By Product Outlook (Sales/Revenue, USD Million, 2017-2030)
    Fixed POS Terminal
    Mobile POS Terminal
    By Component Outlook (Sales/Revenue, USD Million, 2017-2030)
    Hardware
    Software
    Services
    By Deployment Mode Outlook (Sales/Revenue, USD Million, 2017-2030)
    Cloud
    On-Premise
    By Application Outlook (Sales/Revenue, USD Million, 2017-2030)
    Restaurant
    Hospitality
    Healthcare
    Retail
    Warehouse
    Entertainment
    Other
    By Region Outlook (Sales/Revenue, USD Million, 2017-2030)
    North America
    US
    Canada
    Mexico
    Europe
    Germany
    Italy
    France
    UK
    Spain
    Poland
    Russia
    The Netherlands
    Norway
    Czech Republic
    Rest of Europe
    Asia Pacific
    China
    Japan
    India
    South Korea
    Indonesia
    Malaysia
    Thailand
    Singapore
    Australia & New Zealand
    Rest of Asia Pacific
    South America
    Brazil
    Argentina
    Colombia
    Rest of South America
    The Middle East & Africa
    Saudi Arabia
    UAE
    South Africa
    Northern Africa
    Rest of MEA
    The fixed POS terminal, by product had the largest market share
    Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/point-of-sale-terminal-market

    Based on product, the global point of sale (POS) terminal market is divided into fixed POS terminal and mobile POS terminal. In 2021, fixed POS terminals had the largest market share of 64.7% in the global POS terminal market. Large-scale vendors prefer fixed POS terminals. Moreover, end-users cautious of the cloud data storage are likely to install fixed POS terminals to store data with the on-premises server. The POS system has several applications, such as supporting payments devices, inventory management, printing bills, and customer relationship management (CRM).

    Moreover, A Mobile Point-of-Sale (mPOS) is a devoted wireless device, tablet, or smartphone which performs the functions of an electronic point of sale terminal or cash register. mPOS solutions consist of a handheld mobile device or computer with a compact portable printer and payment card reader. Once the card is swiped on the POS terminal, the data is encrypted and sent over a wireless network. After the charge is authorized, the shopper signs the screen on the device and the associate prints a receipt on the spot.

    Asia Pacific accounts for the highest CAGR during the forecast period

    Based on the regions, the global point of sale (POS) terminal market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR of 10.0% in the global point of sale (POS) terminal market during the forecast period. The rise in the uasge of POS terminals in the region is due to the strong growth in the electronic payment industry is expected to boost the market growth. Moreover, the growth of the retail and food service sector in the region and the growing usage of mobile POS application for creating new payment platform and marketing channels is expected to boost market revenue.

    After the Asia Pacific, Europe is the fastest-growing region during the study period. The European POS market has observed tremendous development because of increased credit or debit card usage, the rising GDP of the European Countries, and the mobility revolution. The majority of smart mobile POS solutions in the regional marketplace include pay-as-you-go models with no monthly fixed fees or contracts, thus driving the market growth. The market is expected to witness significant growth over the forecast period as service providers focus on building trust with consumers. The demand for POS terminals in the retail and restaurant sector contributes to the major share in the European POS system market.

    Key Market Players in the Global Point of Sale (POS) Terminal Market
    The global POS terminals market is highly diverse and competitive with a large number of solution providers vying for differentiation by providing value added services. POS terminal manufacturers are leveraging the outreach of wireless connectivity to create devices with superior processing through any given location. Mobile operators and banks have also emerged as key players in the market, driving the adoption of the technology among retailers.

    Request For Report Description: https://www.marketstatsville.com/point-of-sale-terminal-market

    Major players in the global point of sale (POS) terminal market are:

    Samsung Electronics Co. Ltd
    NEC Corporation
    Toshiba Global Commerce Solutions
    Hewlett-Packard Inc.
    Panasonic Corporation
    NCR Corporation
    VeriFone System Inc.
    Ingenico Group
    Fujian Newland Payment Technology Co. Ltd
    PAX Technology Inc.
    on June 17 at 10:49 . Comment   0 0
  • Eric Martin created a new blog entry
    Big Data Analytics in Retail Market to Experience Significant Growth by 2030
    Description According to the Market Statsville Group (MSG), theglobal big data in retail marketsize was valued atUSD 5,096 million in 2021and is estimated...
    on June 16 at 1:09 . Comment   0 0
  • Eric Martin
    Semiconductor Industry Landscape Market Trends, Growth Analysis to 2030

    According to the Market Statsville Group (MSG), the global semiconductor industry landscape market size is expected to grow from USD 471.3 billion in 2021 to USD 911.1 billion by 2030, at a CAGR of 7.6% during the forecast period. The semiconductor industry is witnessing a rapid growth rate, with semiconductors emerging as the basic building blocks of all modern technology. The advancements and innovations in this field result in a direct impact on all downstream technologies.

    The semiconductor industry is predicted to continue its robust growth to accommodate the increasing demand for semiconductor materials in emerging technologies, such as AI, Internet of Things, autonomous driving, and 5G, coupled with competition among key players and consistent spending on R&D.

    Semiconductors are used extensively across electronic devices, such as smartphones, LED TVs, flat-screen monitors, and civil aerospace and military systems. The semiconductor industry is also likely to benefit from progress in biometrics capabilities. The growing demand for smartphones and technologically advanced products, such as wearable gadgets, etc., is also impacting the market's growth.

    Request for a sample report here: https://www.marketstatsville.com/request-sample/semiconductor-industry-landscape-market

    The automation and electrification of automobiles have been driving increased demand for semiconductor wafers. Semiconductor ICs with varied functionalities are used in automotive products such as infotainment systems, navigation control, and collision detection systems. The inclusion of such features has an impact on automobile sales.

    Global Semiconductor Industry Landscape Market Dynamics
    Drivers: Rapid Advancement in AI, along with Innovation and Extended R&D
    The demand for data centers, especially edge services, surged significantly worldwide amidst the COVID-19 pandemic. Many data center service providers started expanding their facilities and server architectures to utilize this opportunity. In such regard, memory components are further witnessing increasing demand owing to various factors such as the growth in cloud computing, increasing need for AI and HPC, and growing adoption of advanced GPUs and CPUs, among others.

    Companies like US-based NVIDIA are leveraging its GPU architecture to create platforms for virtual reality, HPC, and AI. In 2020, the company also launched its first GPU-Based AI chip to boost performance by 20x.

    Restraints: Complex Fabrication Process, Owning to Decreasing Chip Size
    Moore's Law states density is all about the number of transistors fitted in a given 2-Dimensional area. It is vital to care about the chip area as the cost of the chip is directly proportional to the chip area.

    However, some scientists feel that transistor shrinkage is no longer viable. To get an approximate notion of the dimensions, compare them to the scale of a modern transistor, which has a typical gate length of about 20 nanometers. On the other hand, a water molecule has a diameter of only 2.75 Angstroms, or 0.275 nanometers. Many issues limit the transistor's fabrication expectations at such a small scale. Controlling materials at the atomic level is one of the most difficult issues. Individual atom placement becomes tough while creating a transistor.

    Direct Purchase Report: https://www.marketstatsville.com/buy-now/semiconductor-industry-landscape-market?opt=2950

    Scope of the Global Semiconductor Industry Landscape Market
    The study categorizes the semiconductor industry landscape market based on component type, application, and region.

    By Component Type Outlook (Sales/Revenue, USD Million, 2017-2030)
    Memory
    Microcomponent
    OSD
    Analog
    Logic
    By Application Outlook (Sales/Revenue, USD Million, 2017-2030)
    Automotive
    Communications
    Industrial
    Data Processing
    Consumer Electronics
    By Region Outlook (Sales/Revenue, USD Million, 2017-2030)
    North America
    US
    Canada
    Mexico
    Europe
    Germany
    Italy
    France
    UK
    Spain
    Poland
    Russia
    The Netherlands
    Norway
    Czech Republic
    Rest of Europe
    Asia Pacific
    China
    Japan
    India
    South Korea
    Indonesia
    Malaysia
    Thailand
    Singapore
    Australia & New Zealand
    Rest of Asia Pacific
    South America
    Brazil
    Argentina
    Colombia
    Rest of South America
    The Middle East & Africa
    Saudi Arabia
    UAE
    South Africa
    Northern Africa
    Rest of MEA
    The memory segment is projected to account for the largest market share, by component type
    Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/semiconductor-industry-landscape-market

    Based on component type, the global semiconductor industry landscape market is divided into memory, microcomponent, OSD, analog, and logic. In 2021, the memory segment accounted for the largest market share of 28.5% in the global semiconductor industry landscape market. Semiconductor memory refers to various electronic data storage devices that find applications as computer memory in computers (PCs, laptops), consumer devices (cameras, phones), commercial IT applications (telecom, datacenters), traditional industrial applications, and the emerging spectrum of IoT applications.

    The increasing adoption of memory ICs in automobile electronics and the growing application of memory storage chips in electronic devices are driving the demand for DRAM products. Further, The rising adoption of 5G technology and wireless communication advancements are expected to impact the market studied. Several vendors are investing in the advancement of the memory components to gain leverage in 5G technology.

    Asia Pacific accounts for the highest CAGR during the forecast period

    Based on the regions, the global semiconductor industry landscape market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Worldwide, Asia Pacific is estimated to hold the highest CAGR in the global semiconductor industry landscape market during the projected period. The region includes the countries such as Japan, China, South Korea, India, Australia, Southeast Asia, and the Rest of Asia-Pacific. In Japan, semiconductors are known as “industry rice” due to their essential role in manufacturing automobiles smartphones to home appliances. The country was once a global leader in production but now relies heavily on imports for both chips and legacy semiconductors.

    After the Asia Pacific, North America is estimated to be the fastest-growing region during the study period. The United States is a significant country for manufacturing, design, and research in the semiconductor industry. The region's prominence drives demand for exporting electronics equipment and growing end-user industries that are major consumers of semiconductors, such as consumer electronics, automotive industry, etc. The region has been witnessing increased activity in establishing semiconductor wafer foundries. In November 2020, various Taiwan Semiconductor Manufacturing Co. (TSMC) suppliers announced their plan to follow TSMC to the United States after the world’s largest contract chipmaker announced its plan to build an advanced 5nm wafer plant in Arizona.

    Key Market Players in the Global Semiconductor Industry Landscape Market
    The global semiconductor industry landscape market is highly competitive with key industry players adopting various strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most companies in the market are focused on expanding operations across regions, augmenting their capabilities, and building strong partner relations.

    Request For Report Description: https://www.marketstatsville.com/semiconductor-industry-landscape-market

    Major players in the global semiconductor industry landscape market are:

    Samsung Electronics Co. Ltd
    Intel Corporation
    Qualcomm Incorporated
    SK Hynix Inc.
    Micron Technologies Inc.
    Broadcom Inc.
    MediaTek Inc.
    Nvidia Corporation
    Infineon Technologies AG
    Texas Instruments Inc.
    on June 16 at 12:15 . Comment   0 0
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