Multi Depth Corrugated Box Market at a CAGR of 6.6% Upto 2027

​Future Market Insights (FMI) delivers key insights on the global Multi Depth Corrugated Box Market in a newly published report titled “Multi Depth Corrugated Box Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017–2027).” In terms of revenue, the global Multi Depth Corrugated Box Market is estimated to expand at a CAGR of 6.6% over the forecast period, owing to numerous factors, about which FMI offers thorough insights in this report.

Global Multi Depth Corrugated Box Market: Segmental Forecast

The global market for multi-depth corrugated box is segmented on the basis of capacity type, strength type, board type and end use industry. On the basis of capacity type, the global market for multi-depth corrugated box is segmented into up to 80 lbs, 80 to 180 lbs, 180 to 300 lbs, and above 300 lbs. On the basis of strength type, the global Multi Depth Corrugated Box Market is segmented into normal (Below 32 ECT), standard (32 ECT), heavy duty (44 ECT) and heavy duty double wall (48 ECT). On the basis of board type, the market is segmented into single wall, double wall and triple wall. On the basis of end use industry, the global Multi Depth Corrugated Box Market is segmented into food & beverages, consumer electronics, home care & personal care, textiles, glassware & ceramics, automotive and others. This report assesses trends driving growth of each market segment at the global level and offers potential takeaways that could prove substantially useful for value chain business partners looking to enter the Multi Depth Corrugated Box Market.

By board type, the single wall segment is expected dominate in terms of market share, with an estimated value share of about 69% by 2027 end – this is an increase of 110 basis points in market share over 2017

On the basis of capacity, the Up to 80 lbs segment is expected to witness an incremental opportunity of US$ 479 Mn over the forecast period

In terms of strength, the Standard 32 ECT segment is expected to lead the market with a CAGR of 7.0% over the forecast period

Among the end use industry segments, the food & beverages segment is anticipated to lead the global market with a market share in excess of 40% expected to be recorded by the end of the forecast period in 2027

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Regional Insights

The North America Multi Depth Corrugated Box Market includes a country level analysis for the U.S. and Canada. The U.S Multi Depth Corrugated Box Market is expected to grow at a CAGR of 4.9% over the forecast period. The Latin America Multi Depth Corrugated Box Market includes country level analysis for Brazil, Mexico and Rest of Latin America. The Brazil Multi Depth Corrugated Box Market is expected to expand at a CAGR of 7.3% over the forecast period over the backdrop of critical challenges faced by the manufacturing economy of the region. The Europe Multi Depth Corrugated Box Market includes country level analysis for Germany, France, Italy, Spain, U.K., Russia, BENELUX and Rest of Europe. Germany, U.K., France, Italy and Russia account for a significant market share in the Europe Multi Depth Corrugated Box Market. The Middle East and Africa (MEA) Multi Depth Corrugated Box Market includes country level analysis for GCC, Turkey, Egypt, Algeria, Iran, South Africa, North Africa and Rest of MEA. Multi Depth Corrugated Box Market in the GCC region is particularly driven by high growth in the food & beverage segment. The APEJ Multi Depth Corrugated Box Market includes country level analysis for China, India, ASEAN, Australia and New Zealand, and Rest of APEJ. The APEJ Multi Depth Corrugated Box Market is the most lucrative regional market for multi-depth corrugated boxes. Multi Depth Corrugated Box Market in India and ASEAN is characterised by a growing trend for internet shopping and packaged food.

Key Market Players

Key players operating in the global market for multi-depth corrugated boxes include Georgia-Pacific LLC, International Paper, DS Smith Packaging Limited, Oji Holdings Corporation, Pratt Industries, Inc., Acme Corrugated Box Co. Inc., Great Little Box Company Ltd., A.D. Inc. of Milwaukee, WestRock Company, Smurfit Kappa Group Plc, Uline, Inc., Shillington Box Co., LLC, Wertheimer Box Corporation, Bee Packaging, VPK Packaging Group nv, Tat Seng Packaging Group Ltd, Action Box Inc., Aylesbury Box Company, Shanghai DE Printed Box, Minnesota Corrugated Box, Inc.

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Herb Oil Market value of more than US$ 3.7 billion by the end of 2022

​Herb oils have become very popular in the 21st century as consumers seek out ‘natural and organic’ solutions that fit into their active lifestyles and have minimal to no-side effects. Herb oils have a number of benefits that customers are increasingly drawn towards. Herb oils can be used in skin therapy, food preparation, or even for direct topical application. Herb oils can be either made at home or purchased in stores and can be infused or essential. Future Market Insights predicts that the herb oil market should record a modest CAGR of 4.9% for the period 2017-2022.

·The personal care and cosmetic segment accounts for approx. a quarter of the revenue share by application in the herb oil market in 2017 and is projected to surge forward during the forecast period. The personal care and cosmetic segment is expected to be worth more than a billion dollars by end 2022 making it large enough for all key stakeholders in the herb oil market. Herb oils can be put to great use in preparing food and that is a strong reason why the food & beverage segment has a larger revenue share in the herb oil market application segment than the personal care segment. The highly populous APEJ region represents the largest potential market for the food & beverage segment and companies are advised to target this dynamic region with all guns blazing. The APEJ food & beverage segment is worth more than US$ 245 million in 2017 alone

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·The pharmaceutical segment contributes less than half the personal care or food & beverage segment in the herb oil market by application. Nonetheless, the pharmaceutical segment is likely to record a moderate CAGR of more than 4% from 2017 to 2022, making it unwise for players in the herb oil market to overlook it entirely. APEJ has a commanding position in the global pharmaceutical segment and should maintain its position for the foreseeable future. A segment that has come into the limelight in recent times is aromatherapy and its purported benefits. Even though aromatherapy currently has a single-digit revenue share in the herb oil market, companies that are able to convey their marketing message across to potential customers should be able to exploit the opportunity that exists in this application segment

·Distillation is the most popular extraction method in the herb oil market and should remain so for some time. The distillation extraction method is estimated to witness a robust CAGR of more than 5% from 2017 to 2022 and companies in the herb oil market are advised to take this into account while devising their sourcing strategies

·The APEJ herb oil market is anticipated to cross US$ 1.1 billion by the end of 2022 because herbal products are actively sought after by domestics customers for both religious and health factors

·The companies profiled in the herb oil market report are Enio Bonchev Production Ltd., Citrus and Allied Essences Ltd., China Flavors and Fragrances Company Limited, The Lebermuth Company, DoTERRA International, Biolandes SAS, International Flavors & Fragrances Inc., Givaudan SA, Symrise AG, and Young Living Essential Oils LC

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Beetroot Powder Market to reach 1,138,232 Tons by 2027 end, at a CAGR of 4.7%

​“Beetroot Powder Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017–2027)” is the new report published by Future Market Insights. According to this report, the beetroot powder market has been experiencing significant growth; however, it is still at a growing stage compared to other products in the market. Growing popularity of beetroot juice is one of the significant reasons for the growth of the global beetroot market. The global beetroot powder market is expected to exhibit a robust CAGR of 5.0% in terms of value, over the forecast period. In terms of volume, the global beetroot powder market stood at 6, 90,000 Tons in 2016, and is expected to reach 1,138,232 Tons by 2027 end, at a CAGR of 4.7%.

Global Beetroot Powder Market: Drivers

·Growing preference of beet root powder by athletes

·Growing preference for organic beet root powder products

·Longer shelf life eases usage and transportation

·Versatility of applications of the beetroot powder

·Increasing demand for gluten free and vegan products

·Increasing demand for cosmetics made with natural ingredients

·Increasing demand for vibrancy in appearance of food products

·Increasing demand for ingredients with detoxification properties

·Increasing demand for ingredients with detoxification properties

Global Beetroot Powder Market: Forecast by Region

This report has covered seven regions such as, North America, Latin America, Eastern Europe, Western Europe, APAC, Japan and MEA. North America beetroot powder market is expected to exhibit a decent CAGR of 5.2% and 5.1% in terms of value and volume respectively. North America beetroot powder market is estimated to be valued at US$ 4,906.5 Mn by the end of 2027. On the other hand Western Europe beetroot powder market is estimated to be valued at US$ 5,166.1 Mn by the end of 2027 and is expected to expand at a CAGR of 5.3% over the forecast period.

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Global Beetroot Powder Market: Forecast by Product Type

There are two segments namely organic and conventional. The organic beet root powder product type is expected to show a high absolute $ opportunity of US$ Mn 5,149.97 over the forecast period. Organic beetroot powder market is estimated to be valued at US$ 13.70 Bn by the end of 2027 and is expected to expand at a CAGR of 5.1% over the forecast period. Conventional beetroot powder market is expected to exhibit a CAGR of 4.5% in terms of volume over the forecast period, and is also expected to witness an absolute $ opportunity of US$ 4,310.60 Mn.

Global Beetroot Powder Market: Forecast by End Use

On the basis of end use segment the global beetroot powder segment is mainly categorized in to food & beverages and industrial segments. Food & beverages segment is further sub-segmented into bakery, confectionary, food colorants, sweeteners and Others. On the other hand, industrial segment is further sub-segmented into chemicals, nutraceuticals, pharmaceuticals, cosmetics, and textiles. Industrial segment beetroot powder market is estimated to be valued at US$ 8,573.4 Mn by the end of 2027 and is expected to expand at a CAGR of 4.7% over the forecast period.

Global Beetroot Powder Market: Key Players

The key players operating in the global beetroot powder market are as follows-

Windmill Organics Ltd., Lush Retail Limited, STADA Arzneimittel AG, Mountain Rose Herbs, Changsha Vigorous Tech Co., Ltd, Z Natural Foods, LLC, Indigo Herbs, MARUDHAR FOODS PRIVATE LIMITED, Ecuadorian Rainforest, LLC, and Organic Herb Inc.

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Surge Protection Devices Market to register a CAGR of 7.8% By 2027

​According to a recent research report published by Future Market Insights titled “Surge Protection Devices Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2027),” the global surge protection devices market was valued at US$ 2,046.4 Mn in 2016, and is expected to register a CAGR of 7.8% from 2017 to 2027. Surge protection device is a device or appliance that is designed to safeguard electrical devices from voltage surge. A surge protector tries to limit the supplied voltage to an electric device by either shorting it to ground or blocking any unwanted voltages above the safe threshold.

Global Surge Protection Devices Market: Dynamics

Increasing demand for surge arresters in locomotive applications and growing importance given to reduce the adverse impact of lightning are major factors driving the growth of the global surge protection devices market. However, lack of component level testing and a long warranty claiming process are factors restraining market revenue growth of the global surge protection devices market during the forecast period.

Global Surge Protection Devices Market: Forecast by Type

The global surge protection devices market is categorised on the basis of type, end-user and region. On the basis of type, the market is segmented as type 1, type 2 and type 3. The type 2 segment is anticipated to register the highest CAGR of 8.4% during the forecast period. While type 1 is anticipated to register a moderate CAGR of 7.1% with a market share of 32.9% in 2017.

Global Surge Protection Devices Market: Forecast by End-User

On the basis of end-user, the global surge protection devices market is segmented into industrial, commercial and residential. The revenue contribution from the commercial sector segment is anticipated to expand at a CAGR of 9.1% during the forecast period.

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Global Surge Protection Devices Market: Forecast by Region

This report also covers trends driving each segment and offers analysis and insights regarding the potential of the surge protection devices market in the key assessed regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Among the regions, APEJ is projected to exhibit relatively high growth in the global market, registering a CAGR of 10.0% over the forecast period. Revenue from the surge protection devices market in Asia Pacific is expected to account for over 18.3% of the global surge protection devices market revenue in 2017. Surge protection devices providers can focus on expanding across several countries in the APAC and North America regions such as India, China and U.S.

Global Surge Protection Devices Market: Key Players

Key competitors covered in the global surge protection devices market report include Eaton Corporation, Schneider- electric. Co, Siemens AG, ABB Group, General Electric, Emerson Electric Co., Littelfuse, Inc. , Koninklikes Philips N.V, Rockwell Automation, Inc., and Honeywell International Inc.

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Cloud Deployment of Railways Management System Market to Gain Steadfast Traction

​For maintaining the operational efficiency of rail infrastructures, governments are actively focusing on optimisation trends. Railways management systems are being deployed across railway administrations across the globe. Travel time simulation, timetable management, driver mission management, and rolling stocks management are among the key trends influencing the adoption of railways management systems. In order to reduce the incidence of railway accidents and untimely departures & arrivals, authorities administrating the railway traffics are demanding real-time monitoring and tracking solutions, which are being facilitated by advanced railways management systems.

According to Future Market Insights, the global market for railways management systems is anticipated to expand vigorously in the upcoming years. By the end of 2022, the global railways management system market is poised to be worth nearly US$ 5 billion. The report offers an exclusive study on the global railways management system market, revealing key presumptive scenarios for market expansion. Over the forecast period, 2017-2022, the global market for railways management systems is expected to register a value CAGR of 10.4%.

North America to register higher adoption of railways management systems

The report has anticipated that North America will dominate the global railways management system market in terms of revenues. With a robust rail infrastructure in this region, a majority of freight and logistics operations in the US and Canada are carried out through railways. To keep up with the volatility of consumer marketplaces in North America, railway administration in this region is actively adopting railways management systems that boost the efficiency in arrival and departures of rolling stocks. By the end of 2022, the railways management system market in North America is pegged to be worth over US$ 1.7 billion.

The adoption of railways management systems in Asia-Pacific excluding Japan (APEJ) is also expected to gain considerable traction. Considering how efficient railway transportation has served as a mainstay for economic development in several APEJ countries, the railways management system market in this region is expected to expand at a robust CAGR during the forecast period. Europe’s railways management system market is also expected to showcase impressive growth in few years down the line.

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Cloud deployment of railways management systems to record a CAGR of 13.2%

With respect to adoption of railways management systems, traffic planning solutions and track management systems are anticipated to gain considerable traction. In 2017, revenues procured from adoption of these two solutions is estimated to account for over 40 percent of the overall value of global railways management system market. While majority of railways management systems are being deployed with on-premise models, the report estimates a promising growth in demand for cloud deployment. Through cloud deployment, around US$ 2 billion worth of railways management systems are anticipated to be adopted globally by the end of 2022. With cloud deployment, adoption of fully-integrated railways management systems will become less challenging. Cloud deployments models are also expected to facilitate integration of third-party subsystems.

For development of railways management systems, many companies are expected to focus on providing intelligent conflict detection modules. Several companies are also expected to develop distinct subsystems on railways management, which could be used to improve the performance of existing systems. The report has also profiled key developers of railways management systems in the global market. Companies namely, GAO RFID, Hitachi, Ltd., Amadeus IT Group, S.A, Cisco Systems, Inc., ABB Limited, IBM Corporation, Thales S.A., Toshiba Corporation, General Electric Co., and Huawei Technologies Co., Ltd. are expected to remain active in global expansion of railways management system market over the span of next five years.

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Smart Elevator Automation System Market to register a CAGR of 14.3% By 2027

​Future Market Insights presents interesting insights and a revised forecast of the global smart elevator automation system market in a new report titled “Smart Elevator Automation System Market: Global Industry Analysis & Opportunity Assessment 2017-2027.” The smart elevator automation system market includes elevators that are based on new technologies and uses new technologies such as card readers, biometrics, touch pads and other advanced security technologies. According to the report, the global smart elevator automation system market was valued at US$ 8,487.6 Mn in 2016, and is expected to register a CAGR of 14.3% from 2017 to 2027. Advancement in elevator technologies and increasing demand for eco-friendly elevators are major factors driving revenue growth of the global smart elevator automation system market. However, high cost and lack of awareness about the latest technologies are restraining the market growth of smart elevator automation systems at a global level.

Global Smart Elevator Automation System Market: Segmentation & Forecast

The global smart elevator automation system market is categorised on the basis of services, component, end-user and region. On the basis services, the market is segmented as installation service, repair & maintenance, modernisation. The installation service segment is anticipated to register a CAGR of 12.0% during the forecast period. On the basis of component, the global market is segmented into card reader, biometric, touch screen & keypad, security & control system, sensor motor & automation, and building management system. The revenue contribution from the building management system segment is anticipated to expand at a CAGR of 12.9% during the forecast period. On the basis of end-user, the global market is segmented into residential sector, commercial sector, hotels and others. The revenue contribution from the commercial sector segment is anticipated to expand at a CAGR of 11.5% during the forecast period.

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This report also covers trends driving each segment and offers analysis and insights regarding the potential of the smart elevator automation system market in regions including North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Among the regions, APEJ is projected to exhibit relatively high growth in the global market, registering a CAGR of 18.6% over the forecast period. Revenue from the smart elevator automation system market in Asia Pacific is estimated to account for over 15.4% of the global smart elevator automation system market revenue in 2017. Smart elevator automation system providers can focus on expanding across several countries in APAC and North America regions such as India, China and U.S.

Key Market Players

Key competitors in the smart elevator automation system market profiled in the report include Fujitec, Mitsubishi, Hitachi, Kone Corporation, Otis Elevator, Schindler, ThyssenKrupp Elevator, Tyco International, and Honeywell.

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Front Office BPO Services Market North America – Most Lucrative for Global

​Future Market Insights (FMI), in one of its recent research reports, has projected the global front office BPO services market to exhibit a CAGR of 7.4% throughout the forecast period (2017-2022). The global front office BPO services market is estimated to surpass US$ 200,000 Mn in revenues by 2022-end.

Shifting focus towards Non-voice Contact Centre Channel – A Key Trend

The global market for front office BPO services has experienced a significant expansion over the past few years. This can be primarily attributed to robust economic expansion worldwide, and surge in revenues from customer relations management, insurance, human resource, and finance & accounting. Outsourcers bring various competitive benefits, while aiming to tap into new businesses. Emergence of digital channel management capabilities, and the data protection provisions are one of the major trends being witnessed in the global front office BPO services market. In addition, shifting focus towards non-voice contact centre channels, and digitisation of the customer touch-points are other key trends being observed in the market.

Industries focusing on Expansion by Offshoring their Business Operations to Front Office BPO Services

Several predominant industries from various verticals such as healthcare & pharmaceuticals, BFSI, and manufacturing, are concentrating on expansion of their business, and gaining access to new markets by offshoring their operations to the front office BPO services. These industries are relocating their production base, and service delivery points closer to areas of their end-users. Offshoring the business operations helps industries in mitigating risks, as their business functions, which are difficult to control & manage, are handled by external companies, while realising their benefits.

A tremendous surge has been witnessed in the practice adopted by several industries in approaching front office BPO service providers to perform their business functions. Industries are able to save time, and labour & operational costs, with the help of front office BPO services.

These industries, having great expertise in development & design of their products, lack in bandwidth and access to resources when it comes to customer services. These are catered by front office BPO services, which by leverage their global knowledge base to access world class capabilities.

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Key Research Findings from FMI’s Report on Global Front Office BPO Services Market

·In terms of revenues, manufacturing will continue to be the most lucrative vertical in the global front office BPO services market. Revenues from manufacturing vertical are estimated to exceed US$ 40,000 Mn by 2022-end. In contrast, education will remain the least lucrative vertical for front office BPO services. Front office BPO services are projected to witness the fastest expansion in BFSI vertical through 2022, followed by healthcare and pharmaceuticals.

·On the basis of service type, customer management services are expected to remain dominant in the global front office BPO services market. Customer management services are projected to account for approximately two-third revenue share of the market over the forecast period. Document management services, on the other hand, will remain comparatively less lucrative than customer management services in the market.

·Asia-Pacific excluding Japan (APEJ) has been projected to register the fastest expansion in the market, with sales poised to reach nearly US$ 30,000 Mn in revenues by 2022-end. Middle East & Africa (MEA), and Japan will also witness an impressive expansion in the market through 2022. Although North America and Europe will register relatively lower CAGRs through 2022, these two regions are anticipated to remain the largest market for front office BPO services in terms of revenues.

Key players profiled in FMI’s report on the global front office BPO services market include TeleTech Holdings, Inc., Alliance Data Systems Corporation, Atento S.A., Ricoh USA, Inc., Williams Lea Limited, IBM Global Services, Sitel Worldwide Corporation, Convergys Corp., Hewlett Packard Enterprise Co., and Xerox Corporation.

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