10th Dec 2020 - Global Strapping Machine Market is anticipated to reach USD 6.4 billion by 2025. The strapping machines are important to the packaging industry. Spending by high amount on packaging apart from the product itself is imperative, as the product is a quality product, but if it’s not properly packed, it might prove to be unattractive for the consumer. The machines are used for housing a band or strap about the packages to hold and provide surface and safety to the packages. Also, there is growth in the automatic strapping machines in comparison with the physically handled strapping machines to reduce the stress of the humans.
The factors that propel the growth of the strapping machine industry include increasing demand in food and beverage industries, investment by producers in these machines to achieve cost-as well as product effectiveness, concentrating more on package security that will further escalate the development. On the other hand, there are factors that may hamper the growth of the market including the requirement of huge amount of capital investment to initiate manufacturing. Strapping Machine Market is anticipated to grow at a significant CAGR of 4.9% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
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Strapping Machine Product Outlook (Revenue, USD Million; 2014 - 2025)
- Semi-automatic
- Automatic
- Fully automatic
Strapping Machine Material Outlook (Revenue, USD Million; 2014 - 2025)
- Steel
- Polypropylene
- Polyester
Strapping Machine Application Outlook (Revenue, USD Million; 2014 - 2025)
- Food & beverage
- Consumer electronics
- Household appliances
- Newspaper & graphics
- Others
Some of the key players that fuel the growth of the strapping machine industry comprise Strapex, Polychem Corporation, Transpak Equipment Corp., MOSCA GmbH, Australian Warehouse Solutions, Signode Packaging Systems Corporation, Samuel Strapping Systems, StraPack Inc., Venus Packaging, MJ Maillis SA, Messersì Packaging S.r.l., and Dynaric, Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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North America accounted for the major share of the Strapping Machine Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include high growth in the food and consumer packaging industry in the region. The Asia-Pacific region is expected to witness substantial growth rate throughout the market, which is majorly driven by developing economies such as India and China. Additionally, Asia Pacific is witnessing high growth in the packaging industry due to increase in the disposable income, increasing middle class population, etc.
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Global Strapping Machine Market is anticipated to reach USD 6.4 billion by 2025.
The machines are used for housing a band or strap about the packages to hold and provide surface and safety to the packages.
Also, there is growth in the automatic strapping machines in comparison with the physically handled strapping machines to reduce the stress of the humans.The factors that propel the growth of the strapping machine industry include increasing demand in food and beverage industries, investment by producers in these machines to achieve cost-as well as product effectiveness, concentrating more on package security that will further escalate the development.
On the other hand, there are factors that may hamper the growth of the market including the requirement of huge amount of capital investment to initiate manufacturing.
Strapping Machine Market is anticipated to grow at a significant CAGR of 4.9% in the upcoming period as the scope, product types, and its applications are increasing across the globe.Strapping Machine industry may be explored by product type, application, material type, and geography.
Strapping Machine industry may be analyzed by Material Type as PET, Baler Twines, Steel, PP, Polyester, PVC.Get Exclusive Free Sample Copy Of This Report @ https://www.millioninsights.com/industry-reports/strapping-machine-market/request-sampleNorth America accounted for the major share of the Strapping Machine Market Size in 2016 and will continue to lead in the forecast period.
Mar 15, 2021: Industry Insights:The global protective coatings market was valued at USD 24.90 billion in 2015.
The rising demand for passenger cars and the growing air traffic, most notably in emerging regions, are expected to drive the growth of this industry during the forecast period.The product finds major applications in the construction, mining, power generation, aerospace, industrial, and marine industries, among which the construction segment accounted for the largest share in 2015.
The growing infrastructure development in emerging countries such as India, Brazil, and China are anticipated to drive the demand for the product during the forecast period.Download sample Copy of This Report at: https://www.millioninsights.com/industry-reports/protective-coatings-market/request-sampleThe key restraints for the growth of the industry include the stringent government regulations, especially in the U.S. and European countries, regarding the volatile organic compound (VOC) emissions and increasing cost of raw materials.
The epoxy coatings segment dominated the overall industry revenues in 2015, accounting for revenues of over USD 9 billion.
The growing demand for high operational efficiency in key application verticals can be considered the primary factor driving the product growth.The alkyd resins segment is expected to observe a significant growth during the forecast period, driven by the growing application scope in segments such as automotive, construction, and oil & gas.View summary of this report @ https://www.millioninsights.com/industry-reports/protective-coatings-marketProduct InsightsIn terms of products, the industry has been categorized into water-borne, powder-based, and solvent-borne.
However, this segment is anticipated to observe slow growth during the forecast years owing to strict government regulations on the use of solvent-based compounds with high VOC content.Water-borne coatings is another key segment, which is expected to experience the highest revenue growth of nearly 11% during the forecast period.
Global Healthcare Payer Services Market size is anticipated to reach USD 69.2 billion by 2024.
The factors that propel the growth of the healthcare payer services market include increasing frauds regarding healthcare, federal mandates in the U.S., increasing payer workload, in-house shortage of skilled personnel, and dynamic nature of health profit plan designs.
On the other hand, there are factors that may hamper the growth of the market including unforeseen costs associated with outsourcing, loss of managerial control, and increasing occurrences of data breaches, and loss of privacy.
The market could be explored by outsourcing services as ITO, KPO, and BPO.
The key factors that may be attributed to the growth of market includes increasing focus to reduce the overall administrative cost of claim management services & member services and rising healthcare cost.
The key applications that could be explored in the healthcare payer services industry include Member Management Services, Integrated Front Office Service and Back Office Operations, Billing and Accounts Management Services, Claims Management Services, Provider Management Services, HR Services, and Analytics and Fraud Management Services.
Global Instrument Cluster Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types, and its applications are increasing across the globe.
Modern automotive instrument clusters are more complex with addition of speedometer, odometer, tachometer, and fuel gauge.
They may feature gauges and tell-tales such as turn indicators, seat belt warning light, an engine-malfunction light, gearshift position, and parking-brake-engagement warning light.
These Instrument clusters have become the primary product differentiator for the automotive original equipment manufacturers (OEMs).
Instrument Cluster Market by Product Type: -MechanicalMicroelectronic Instrument Cluster Market by Applications: -Economic Passenger CarsLuxury Passenger CarsOthers View Full Report with TOC @ https://www.millioninsights.com/industry-reports/instrument-cluster-market The Key Factor That Drives the Growth of Instrument Cluster Market Research Report by Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026Top Key Manufacturers of Instrument Cluster market are:-Alpine ElectronicsClarionContinental AGDelphi Automotive PLCDenso CorporationGarmin InternationalOther Geographical Analysis of Instrument Cluster Market:- North America • Europe • China • Japan • Southeast Asia • India Instrument Cluster Market is categorized based on product type, applications, and geography.
Instrument Cluster Market is categorized based on application into Economic Passenger Cars, Luxury Passenger Cars, Mid-priced Passenger Cars, Others Instrument Cluster Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).
17 February 2020 - The global Paints and Coatings Market is expected to cross USD 227.70 billion by 2025.
The paints and coatings serve three major objectives; enabling aesthetic appeal or decorative value to surfaces and products, enabling protection from damage from harsh environment, and tagging specific attributes to the product.
The market witnesses remarkable trends such as inception of nanotechnology in the paints and coating industry.
However, increase in use of substitutes, wallpapers, and significant costs associated with paint related activities is likely to hamper the market growth in the near future.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/paints-coatings-marketProduct segment for paint and coating market includes waterborne formulations, water-based coats and water based polyurethane.
Asia-Pacific’s paint and coating industry is anticipated to rise at a staggering CAGR in the forecast period due to increase in demand for paint and coating products coupled with vast presence of paint manufacturers in these regions.
In addition, rise in commercial construction and related activities is likely to trigger the APAC market growth.North American and European markets are expected to gain a significant CAGR in the forecast period due to stringent environmental norms and precaution against hazardous chemicals.
Global Polychlorotrifluoroethylene (PCTFE) Market is anticipated to reach USD 683.1 million by 2025.
Polychlorotrifluoroethylene (PCTFE) is an artificial resin developed by the polymerization of chlorotrifluoroethylene.
Polychlorotrifluoroethylene (PCTFE) is mainly used for specialty applications in electrical, aerospace, and chemical industries.
PCTFE offers exclusive mixture of mechanical and physical properties.
Polychlorotrifluoroethylene (PCTFE) boasts of high optical transparency, non-flammability, near zero moisture absorption, and chemical resistance.
The factors that drive the growth of the Polychlorotrifluoroethylene industry include increasing demand for polychlorotrifluoroethylene (PCTFE) in the aerospace industry to produce valve seats, gaskets, and diaphragms because of its superior and light weight thermal resistance.
