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Sealing & Strapping Packaging Tapes Market worth $22.1 billion by 2023
The report "Sealing & Strapping Packaging Tapes Market by Material (PP, Paper, PVC), type of adhesive (Acrylic, Rubber-based, and Silicone), Applications (Carton sealing and Strapping & bundling), and Region - Global Forecast to 2023", The sealing & strapping packaging tapes market is projected to grow from USD 17.4 billion in 2018 to USD 22.1 billion by 2023, recording a CAGR of 4.89%. The rising demand for carton sealing tapes in the packaging industry, due to its wide range of applications including carton sealing, bundling, unitizing, pelletizing, and general packaging is projected to drive the demand for sealing & strapping packaging tapes. Furthermore, these tapes are economical alternatives to plastic and metal sealing & strapping tapes, which is further projected to boost its market growth.
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Browse 97 market data Tables and 35 Figures spread through 126 Pages and in-depth TOC on "Sealing & Strapping Packaging Tapes Market by Material (PP, Paper, PVC), type of adhesive (Acrylic, Rubber-based, and Silicone), Applications (Carton sealing and Strapping & bundling), and Region - Global Forecast to 2023"
The polypropylene segment is estimated to witness the fastest growth during the forecast period
The polypropylene segment is estimated to be the fastest-growing segment in the market during the forecast period. The sealing & strapping packaging tapes market is witnessing a high demand due to the various benefits of polypropylene in sealing & strapping packaging tapes, such as high abrasion, impact-resistant, water-resistant, and high flexibility. In addition, it’s a wide range of applications in various end-use sectors for packaging and secure transport of goods and products in the supply chain have also contributed to its high growth.
The carton sealing tapes segment is estimated to account for the largest share in the sealing & strapping packaging tapes market in 2018
The sealing & strapping packaging tapes market is segmented as carton sealing tapes and strapping & bundling, in terms of application. The carton sealing tapes segment accounted for the largest share in 2018, as it is a widely used packaging tape, which is more economical and can be used over all types of packaging, which includes primary, secondary, and tertiary packaging products. However, the strapping & bundling segment is projected to be the fastest-growing segment in the sealing & strapping packaging tapes market, in terms of both value & volume, due to its extensive use in the packaging industry for bundling, pelletizing, and unitizing.
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The Asia Pacific region is projected to account for the largest share in the sealing & strapping packaging tapes market in 2023
The emerging economies such as China and India in the Asia Pacific region are projected to drive the sealing & strapping packaging tapes market. China is projected to account for the largest market share and dominate the Asia Pacific sealing & strapping packaging tapes market throughout 2023. In addition, factors such as strong government support, rapid economic development, availability of raw materials, and cheap labor cost are driving the demand for the packaging industry in the region. The growing use of these tapes in the packaging industry is projected to drive the demand for sealing & strapping packaging tapes in emerging countries of Asia Pacific.
The major players include Avery Dennison Corporation (US), 3M Company (US), Nitto Denko Corporation (Japan), Intertape Polymer Group (Canada), Tesa SE (Germany), Scapa Group plc (UK), Shrutapes (US), Nichiban (Japan), Mactac (US), and Wuhan Huaxia Nanfeng Adhesive Tapes (China). Companies have adopted strategies such as new product launches and acquisitions to cater to the increasing demand for these tapes in emerging markets.
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abhijeetw · 3 years
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Luxury Vinyl Tiles (LVT) Flooring Market worth $31.4 billion by 2024
The report "Luxury Vinyl Tiles (LVT) Flooring Market by Type (Rigid, Flexible), End-Use Sector (Residential, Non-residential), and Region (North America, Asia Pacific, Europe, Middle East & Africa, and South America) - Global Forecast to 2024" The LVT flooring market is projected to grow from USD 18.0 billion in 2019 to USD 31.8 billion by 2024, recording a CAGR of 11.7% from 2019 to 2024. The LVT flooring market is projected to grow in parallel to the growth of the construction industry across the globe. Factors such as the increase in the residential and non-residential constructions, innovation in flooring solutions, rising number of remodeling projects, along with a high demand for durable LVTs that can withstand various weathering actions and resist chemical attacks & deterioration are factors expected to support the market growth during the forecast period.
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Browse 137 market data Tables and 32 Figures spread through 146 Pages and in-depth TOC on "Luxury Vinyl Tiles (LVT) Flooring Market by Type (Rigid, Flexible), End-Use Sector (Residential, Non-residential), and Region (North America, Asia Pacific, Europe, Middle East & Africa, and South America) - Global Forecast to 2024"
In terms of value and volume, the flexible segment is estimated to lead the luxury vinyl tiles (LVT) flooring market in 2019.
The flexible segment accounted for a larger share, on the basis of type, in the LVT flooring market as it is affordable and is installed in regions that have extreme weather conditions. It is a traditional glue-down flooring material that inherits several properties such as durability, flexibility, ease installation, and budget-friendly. The growth of the flexible segment remains high due to its properties, which makes it a preferred LVT flooring solution for the residential as well as commercial application. The flexible LVT flooring solutions are considered suitable for almost all applications such as residential and commercial.
In terms of volume, the residential segment leads the luxury vinyl tiles (LVT) flooring market in 2019.
Luxury vinyl tiles (LVT) enhances the aesthetic appeal of a building, along with properties such as durability, comfort, and protection from extreme weather conditions. These factors are also projected to drive the residential sector during the forecast period. In addition, the rise in housing renovations and maintenance is further projected to drive the demand for luxury vinyl tiles in the residential sector. The use of LVT flooring solutions in residential buildings also enhances the aesthetic appeal and provides durability and comfort. Luxury vinyl tiles are preferred for bathrooms, kitchens, laundry rooms, and basements, due to their waterproof features. Further, LVTs don’t trap dust and pet dander in the bedrooms. All these factors are projected to drive the demand for LVT flooring solutions in the residential sector.
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Key Market Players
Key players such as Mohawk Industries (US), Tarkett (France), Forbo (Switzerland), Shaw Industries, Inc. (US), and Interface (US) adopted strategies that strengthen their product portfolios, expands their market presence, and enhances their growth prospects in the vinyl flooring market.
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abhijeetw · 3 years
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Plastic Waste Management Market by Service (Collection, Recycling), By Polymer Type (PP, LDPE), By Source (Residential, Commercial, Industrial), By End-Use Applications (Packaging, Building & Construction), Region - Global Forecast to 2024
The plastic waste management market size is projected to grow from USD 32.6 billion in 2019 to USD 37.9 billion by 2024, recording a CAGR of 3.1% during the forecast period. Factors such as economic growth, increasing urbanization, industrialization, and changing lifestyles of people have raised the levels of plastic waste generation, which has resulted in an increasing threat to the environment. The awareness about plastic waste management has increased significantly with the progress in consumer education and rising awareness about health & environment. The growing population and the growing income levels of people have generated new opportunities for the plastic waste management industry.
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In terms of volume, the landfills segment is projected to lead the plastic waste management market from 2019 to 2024.
Based on service, the landfills segment is projected to dominate the plastic waste management market, in terms of volume, from 2019 to 2024. Presence of less number of recycling plants and incinerators leads to mismanagement of waste, contributing to the rise in plastic waste disposals and landfills.
In terms of value, the packaging segment in the recycled plastic waste market is projected to grow at the highest CAGR during the forecast period.
Based on the end-use application, the packaging segment in the recycled plastic waste market is projected to grow at the highest CAGR, in terms of value, during the forecast period. Various benefits of recycled plastics (such as reduction of pollution and lesser dependence on fossil fuels) and its wide application in sustainable packaging solutions (such as containers, bottles, bags, films, and other protective packaging products) drive its demand.
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In terms of value, the Asia Pacific plastic waste management market is projected to grow at the highest CAGR during the forecast period.
The Asia Pacific plastic waste management industry is projected to grow at the highest CAGR from 2019 to 2024, in terms of value. The growing population, rising GDP, and increasing disposable income in Asia Pacific are leading to the generation of more solid waste (including plastic waste), which, in turn, is creating opportunities for the market in the region. Infrastructural development in under-developed and developing countries of Asia Pacific is driving the growth of various methods of plastic waste management in this region.
Key Market Players
Veolia Environnement (France), SUEZ (France), Waste Management, Inc. (US), Republic Services (US), Waste Connections Inc (Canada), Clean Harbors (US), Biffa (UK), Covanta Holding Corporation (US), Stericycle (US), and Remondis SE & Co. KG (Germany) are the key players operating in the plastic waste management market.
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abhijeetw · 3 years
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Paper Straw Market worth $1,687 million by 2024
The report "Paper Straw Market by Material Type (Virgin paper, Recycled Paper), Product Type (Printed, Non Printed), Straw Length , Straw Diameter, End use Application (Food Service, Institutional, Household), Region - Global Forecast to 2024" The paper straw market is projected to grow from USD 585 million in 2019 to USD 1,687 million by 2024, recording a CAGR of 23.6% during the forecast period. The rising demand for sustainable, single-use disposable products & solutions in various end-user industries, such as foodservice, institutional, and  household, and the increasing government reforms & campaigns to ban the use of plastics, are factors that are projected to drive the growth of the paper straw market across the globe. Moreover, the adoption & demand from consumers for the sustainable & environment-friendly straws boost the market further.
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Browse 140 Market Data Tables and 34 Figures spread through 181 Pages and in-depth TOC on "Paper Straw Market by Material Type (Virgin paper, Recycled Paper), Product Type (Printed, Non Printed), Straw Length , Straw Diameter, End use Application (Food Service, Institutional, Household), Region - Global Forecast to 2024 "
The virgin paper segment is projected to grow at the highest CAGR from 2019 to 2024, in terms of value & volume.
The virgin paper segment, by material type, of the paper straw market, is projected to grow at a higher CAGR during the forecast period, in terms of both value and volume. The growth of this segment is attributed to the increasing demand for virgin paper straws for various end-use applications in the foodservice, household, and institutional industries. One of the key advantages offered by virgin paper straws is durability, reliability, and high absorbance rate. Moreover, virgin paper straws provide quality, effective, and sustainable paper straws, which encourages its demand globally.
The non-printed segment, by product type, is estimated to lead the paper straw market in 2019, in terms of value and volume.
Paper straws are one of the best biodegradable disposable drinking straws available in the market. These straws are cheap, food-safe, FDA-approved, and FSC-certified. Based on product type, the non-printed paper straws are the most preferred, eco-friendly straws used across various end-use industries. These straws avoid digestions of inks or dyes and are manufactured using sustainably sourced paper or food-grade paper, which makes them the most-consumed paper straws for various end-use applications.
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The Asia Pacific region is projected to lead the paper straw market during the forecast period, in terms of value and volume.
Asia Pacific is projected to dominate the paper straw market during the forecast period. This is attributed to the increasing demand for sustainable, cost-effective, and recyclable single-use, disposable products & solutions in densely populated countries, such as India and China. In addition, the growing population in these countries widens the customer base for the foodservice industry, which, in turn, is projected to drive the growth of the paper straw market in the region. Moreover, factors such as rising disposable income, changing lifestyles of customers, and increasing awareness among customers pertaining to the use of sustainable straws are projected to drive the demand for paper straws in the region.
Companies such as Footprint (US), Hoffmaster Group, Inc. (US), Transcend Packaging Ltd. (UK), Huhtamaki Oyj (Finland), Fuling Global Inc. (China), Canada Brown Eco Products Ltd (China), Bygreen (Australia), Soton Daily Necessities Co., Ltd. (China), YuTong Eco-Technology (SuQian) Co., Ltd (China), Royal Paper Industries (Canada), and Biopac (UK) Ltd (UK) are the key players operating in the paper straw market. Expansions, contracts, new product developments, and acquisitions are some of the major strategies adopted by these key players to enhance their positions in the paper straw market.
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abhijeetw · 3 years
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Industrial Floor Coating Market worth $6.8 billion by 2024
The report "Industrial Floor Coating Market by Resin Type, Flooring Material (Concrete, Mortar, Terrazzo), Coating Component, Technology, End-use Sector (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2024" The global industrial floor coating market size is projected to grow from USD 5.5 billion in 2019 to USD 6.8 billion by 2024, at a CAGR of 4.6% from 2019 to 2024. The market is projected to grow in accordance with the growth of various end-use industries across the globe. Factors such as an increase in the industrial and commercial construction, along with the demand for floors in industrial facilities to withstand various chemical attacks & environment conditions, are expected to support market growth during the forecast period.
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In terms of value and volume, the epoxy segment is estimated to lead the industrial floor coating market in 2019.
The epoxy segment, by resin type, accounted for the largest market share among all the resin types because of the various properties of epoxy. Some of them include high adhesion, impact resistance, flexibility, and resistance to chemicals and solvents. Despite being more expensive than the other types of coating binders, the market for epoxy resins witnesses the largest demand due to  features such as flexibility, superior adhesion, and corrosion resistance when applied on metallic substances.
In terms of value and volume, the concrete segment is estimated to lead the industrial floor coating market in 2019.
The concrete segment, by flooring material, led the industrial floor coating market in 2018, in terms of value and volume. Factors such as lower cost of concrete, its superior durability, and its tensile strength make it the widely used material for the construction of industrial floors. Coatings protect concrete floors from degradation due to contamination and also prevent the growth of microbes on floor surfaces. It also provides concrete flooring with excellent chemical resistance, ease of maintenance, enhanced aesthetic appeal, and superior structural performance.
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PPG Industries, Inc. (US), AkzoNobel N.V. (The Netherlands), The Sherwin-Williams Company (US), BASF SE (Germany), and RPM International Inc. (US) are the key players operating in the industrial floor coating market. Expansions, acquisitions, partnerships, investments, divestitures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the industrial floor coating market.
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abhijeetw · 3 years
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Modular Construction Market Worth $108.8 Billion By 2025
The report "Modular Construction Market by Type (Permanent, Relocatable), Material (Steel, Concrete, Wood), Modules, End-Use (Residential, Retail & Commercial, Education, Healthcare, Office, Hospitality), and Region - Global Forecast to 2025", The global modular construction market size is projected to grow from USD 82.3 billion in 2020 to USD 108.8 billion by 2025, at a CAGR of 5.75% from 2020 to 2025. The growth of this market is attributed to increase in concern towards work-zone safety, need for lower environmental impacts, and supportive government initiatives. Increase in population and rapid urbanization (translating to a large number of new construction projects) offer opportunities for the growth of the modular construction market. However, factors such as lack of awareness and volatility in transportation charges may inhibit the growth of the market.
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Browse 153 market data Tables and 50 Figures spread through 220 Pages and in-depth TOC on "Modular Construction Market by Type (Permanent, Relocatable), Material (Steel, Concrete, Wood), Modules, End-Use (Residential, Retail & Commercial, Education, Healthcare, Office, Hospitality), and Region - Global Forecast to 2025"
In terms of value & volume, Permanent modular building is estimated to dominate the modular construction market in 2019.
Permanent modular buildings, by type, accounted for the largest market share in the modular construction market. Permanent modular construction saves time and labor which are required for construction, thereby reducing the construction cost significantly. It also offers high quality control in comparison to on-side construction. These factors drive the demand for this construction technique.
In terms of value and volume, steel is projected to be the fastest segment in the modular construction market from 2020 to 2025.
Steel, by material, is thefastest-growing segment for modular construction market from 2020 to 2025, in terms of value and volume. Steel frames are also lighter in comparison to other wall materials, which allows building structures created from them to be craned and transported into a place in a more efficient manner, resulting in less disturbance to the local area and reducing cost. It is also recyclable, and hence, buildings made from steel can be easily dismantled. It is one of the most popular materials for use in relocatable buildings used as commercial buildings, warehouses, and retail outlets.
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Residential is estimated to be the largest segment in the modular construction market in 2019.
Residential, by end-use sector, accounted for the most significant demand for modular construction in 2019, in terms of value and volume. Modular construction can build residential building structures in about half the time as compared to conventional site-built construction methods. Countries are turning to the adoption of modular construction methods since it is eco-friendly and cost-effective due to the efficient in-factory processes and reduced waste.
The Europe region is projected to account for the largest share in the modular construction market during the forecast period.
The Europe region is projected to lead the modular construction market, in terms of both value and volume from 2020 to 2025. Construction, one of the largest and most important manufacturing sectors in the region, is highly fragmented and consists of a significant number of large, medium-sized, and small construction companies. The construction players in the industry have adopted various technologies as a strategy to sustain the growing demand and competition. In Europe, high levels of cost inflation, labour shortages, numerous delays pushes the construction industry into a modern method of building and has a direct impact on the increased demand for modular construction. However, one of the main reasons for using modular technology is to speed up the delivery time compared to traditional on-site construction.
Laing O’Rourke (UK), Red Sea Housing (Saud I Arabia), Atco Ltd. (Canada), Skanska AB (Sweden), Kleusberg GmbH (Germany), and Katerra (US) are the key players operating in the modular construction market. Contract, New Projects, and Agreements are some of the significant strategies adopted by these key players to enhance their positions in the modular construction market.
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Digitally Printed Wallpaper Market worth $7.5 billion by 2025
The report "Digitally Printed Wallpaper Market by Printing Technology (Inkjet, Electrophotography), Substrate (Nonwoven, Vinyl, Paper), End-Use Sector (Non-Residential, Residential, Automotive & Transportation) and Region - Forecast to 2025" The global digitally printed wallpaper market size in 2020 is estimated at USD 2.9 billion and is projected to reach USD 7.5 billion by 2025, at a CAGR of 21.1% from 2020 to 2025. The major drivers for the market include an increase in urbanization and rising construction activities. However, competition from paint & coating manufacturers restrains the market growth. Moreover, the increasing growth in commercial and marketing sectors is expected to propel the market for digitally printed wallpaper. Furthermore, the outbreak of the COVID-19 pandemic is anticipated to hamper the consumption of digitally printed wallpaper, which affects the market growth.
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Browse 137 market data Tables and 35 Figures spread through 161 Pages and in-depth TOC on "Digitally Printed Wallpaper Market by Printing Technology (Inkjet, Electrophotography), Substrate (Nonwoven, Vinyl, Paper), End-Use Sector (Non-Residential, Residential, Automotive & Transportation) and Region - Forecast to 2025"
Nonwoven to be the fastest-growing segment in the digitally printed wallpaper market
The nonwoven segment is projected to be the fastest-growing segment during the forecast period. This growth can be attributed to its wide range of benefits such as tear-resistance, washability, and less installation & removal time. Moreover, these wallpapers do not shrink when dry, are lightweight and flexible. The above properties enable them for use in high traffic areas such as kitchen, bathrooms, and hallways. Nonwoven-based wallpaper is also able to hide imperfections and cracks in the wall. Owing to the increase in the demand for eco-friendly and breathable wallpapers, this segment is expected to grow at the highest CAGR during the forecast period.
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Non-residential is the major end-use sector in the global digitally printed wallpaper market
Digitally printed wallpapers are also used in hospitals, reception areas, restaurants, schools, churches, training rooms, bedrooms, conference centers, shopping centers, and tradeshows. The demand for wallpapers in a commercial application is increasing as wallpaper manufacturers are coming up with wallpapers with new designs and patterns for non-residential buildings that are easier to install and remove, durable, environmentally-friendly, and have an attractive finish. Owing to the increasing commercialization the demand for wallpaper is increasing.
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abhijeetw · 3 years
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