IMARC Group

According to the latest report by IMARC Group “North America Advertising Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The North America advertising market reached a value of US$ 240 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.6% during 2021-2026.

Advertising is a means of conveying through which various brands inform about their product or service and influence consumer buying behavior. Advertising helps organizations to promote their services, products, or ideas among the potential buyers. It further aids consumers in learning about upcoming events and discovering new products or services. Advertising is generally aired or printed on mediums, such as television, radio, print, digital and cinema. It also helps in launching new products, expanding the market, increasing sales, and notifying consumers.

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Market Trends:

The North America advertising market is primarily driven by the rapid penetration of smartphones and internet services in the region, which facilitates digital advertising. Furthermore, several brands nowadays are increasingly investing in advertisements on social media platforms, like Instagram and Facebook, due to the presence of a wider consumer base. Besides this, mobile advertising has witnessed exponential growth over the past few years as it is being adopted as a cost-effective, convenient, and highly targeted way of communication for specific groups of mobile users. All the above-mentioned factors will continue to propel the advertising in North America in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America advertising market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on segment.

• Key Regions Analysed
  • United States
  • Canada
• Analysis for Each Country
• Market by Segment
  • Television Advertising
  • Print Advertising
  • Radio Advertising
  • Outdoor Advertising
  • Internet Advertising
  • Mobile Advertising
  • Cinema Advertising
• Value Chain Analysis
• Key Drivers and Challenges
• Porters Five Forces Analysis
• Competitive Landscape
  • Competitive Structure
  • Key Player Profiles

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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According to the latest report by IMARC Group “Mineral Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global mineral cosmetics market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.

Mineral cosmetics refer to personal care and facial makeup products that are made using ingredients, such as mica, iron, titanium dioxide, and zinc oxide, that minimize the risk of developing allergies. They mainly include sunscreens, loose powder foundation, primer, mascara, etc. These products have antioxidants and inflammatory properties, which help to prevent acne, soothe chapped lips, reduce wrinkles, protect the skin from ultraviolet radiation, etc. Mineral cosmetics are also free from artificial colors, preservatives, synthetic fragrances, dyes, bismuth oxychloride, parabens, etc.

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Market Trends:

The increasing consciousness among individuals about personal appearance, along with the growing concerns towards the presence of synthetic chemicals in cosmetics, are primarily driving the demand for mineral cosmetics. Additionally, the rising awareness about the adverse environmental impact of artificial ingredients is encouraging the key cosmetics manufacturers to adopt sustainable raw materials in the production process. Besides this, several benefits associated with mineral cosmetics, such as versatility, ease of use, and light texture, are also augmenting the product demand on a global level.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Ahava Dead Sea Laboratories
• BASF SE
• Clariant AG
• Glo Skin Beauty
• L’Oréal S.A
• Merck KGaA
• Mineralissima
• Neelikon
• Revlon
• Shiseido Co.Ltd.
• The Estée Lauder Companies Inc.

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The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Product:

• Face Products
• Lip Products
• Eye Products
• Others

Breakup by Distribution Channel:

• Offline
• Online

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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According to a new report by IMARC titled “Indian Vaccine Market Report and Forecast 2022-2027”, The Indian vaccine market is expected to exhibit a CAGR of 13.4% during 2022-2027.

Vaccines refer to biological preparations consisting of an agent that is similar to a disease-causing pathogen to offer immunization against specific diseases. They are administered orally, by aerosol or through injections as a preventive measure for a number of diseases such as polio, measles, influenza and rabies. India currently represents one of the leading manufacturers and suppliers of vaccines in the world. It solely accounts for around 60% of the total vaccines supplied to the UNICEF, since the cost of manufacturing and clinical trials in India is relatively lower than in developed countries. Moreover, technological advancements and improved cold chain storage facilities have led to increased vaccine production capacity in the country.

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Market Trends:

One of the major drivers of the Indian vaccine market is the strong government support to the manufacturers. Steady government funding and successful initiatives have resulted in considerable market development over the years. Also, various government-funded campaigns have created widespread health awareness among the masses. For instance, the Universal Immunization Program (UIP) introduced by the Government with the aim to increase immunization coverage against vaccine-preventable diseases in the country has significantly boosted the demand for vaccines.

Besides this, the growing investments from private sector players to develop and distribute vaccines throughout the country, as well as in the international market, has strengthened the present vaccine manufacturing infrastructure. Apart from this, continuous research and development (R&D) activities have enabled manufacturers to introduce new and improved vaccines in the market. Some of the other factors positively influencing the market growth are increasing population, elevating incomes, improving cold chain logistics and active NGO participation.

Market Summary:

• The market has been analyzed on the basis of various monovalent and combined vaccines into Bacillus Calmette-Guerin (BCG), Haemophilus influenzae type b (Hib), Influenza, Varicella, Typhoid, Japanese Encephalitis, Measles, Tetanus Toxoid, Hepatitis A, Rubella, Diphtheria, Tetanus and Pertussis (DPT), Oral Polio Vaccine (OPV), Measles, Mumps and Rubella (MMR), Rotavirus, Hepatitis B, Pneumococcal, Meningococcal, Rabies, Human Papillomavirus (HPV), Hexavalent and Dengue.
• The competitive landscape of the market has also been examined, with some of the key players being: GlaxoSmithKline PLC (GSK), Sanofi (SNY), Serum Institute of India, Panacea Biotec Limited., Pfizer, Inc. (PFE)., Novartis AG (NVS), VHB Life Sciences Limited, Cadila Healthcare Ltd. (Zydus Cadila) and Merck & Co., Inc. NYSE: MRK & Dohme Corporation (MSD).

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Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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According to the latest report by IMARC Group “India Payment Gateways Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India payment gateways market size reached US$ 1,459.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,897.6 Million by 2028, exhibiting a growth rate (CAGR) of 11.6% during 2023-2028.

A payment gateway refers to a service provider that acts as an interface between payment portals, such as e-commerce websites, and the acquiring banks. It generally protects sensitive data, including credit card or bank account details, from fraudulent activities while completing the submission with HTTPS protocol that secures personal information. In line with this, a payment gateway offers consumers the facility to make purchases at any hour of the day without the inconvenience of waiting in long queues. It simplifies the bill payment process by reducing the requirement for physical cards. Consequently, a payment gateway is extensively utilized across India.

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The growing usage of mobile wallets and the increasing number of online transactions are primarily augmenting the India payment gateways market. Furthermore, the introduction of token systems, cash pooling, and numerous cashless transactions is also bolstering the market growth. Apart from this, the widespread adoption of smartphones and tablets, the development of biometric payment cards that are with integrated fingerprint sensors, and the inflating popularity of online shopping are acting as significant growth-inducing factors. Moreover, the rising penetration of the internet and improved network bandwidth across the country are stimulating the market growth. Besides this, several banks are collaborating with retail vendors to provide cashback schemes or discounts to retain the existing consumer base, which is further catalyzing the market growth. Additionally, the escalating demand for near field communication (NFC) and point-of-sale (POS) terminals to facilitate mobile payments is expected to fuel the India payment gateways market in the coming years.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Application:

• Large Enterprises
• Micro and Small Enterprises
• Mid-Size Enterprises

Breakup by Mode of Interaction:

• Hosted Payment Gateways
• Pro/Self-Hosted Payment Gateways
• API/Non-Hosted Payment Gateways
• Local Bank Integrates
• Direct Payment Gateways
• Platform-Based Payment Gateways

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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IMARC Group

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USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

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According to the latest report by IMARC Group “India Health Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India health insurance market size reached US$ 120.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 219.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10.64% during 2023-2028.

Health insurance refers to a service that covers the medical and surgical expenses of the insured individual. It indemnifies the costs incurred, owing to illness and injury, or pays the care provider directly. Health insurance provides considerable flexibility regarding diagnosis, disease coverage, and treatment for emergency transportation, in-patient, and daycare management, chronic ailments, maternity, dental care, psychiatric care, etc. They are available in various consumer arrangements, such as public, private, government-managed care plans, indemnity, Point-of-Service (POS) plans, etc. Individuals can opt for the most suitable health insurance plan depending on their needs and requirements.

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Market Trends:

The launch of several policies by the government bodies to restructure the healthcare system by privatizing public hospitals and introducing personal medical schemes, on account of the high concerns toward the quality of care in general facilities and the increased healthcare costs, is among the primary factors driving the India health insurance market. Besides this, the rising geriatric population is propelling the need for medical programs or schemes offered at low premium rates, which is further augmenting the market growth. Moreover, the elevating requirement for health insurance to cover the growing medical expenses, owing to the increasing cases of obesity and diabetes in the country, is also catalyzing the market across India. Apart from this, various companies are providing cover for medical expenses incurred, on account of the sudden outbreak of the COVID-19 pandemic, which is acting as another significant growth-inducing factor. Furthermore, the development of healthcare programs by the policymakers that fit the exact necessity of the consumer is expected to bolster the India health insurance market in the coming years.

Breakup by Provider:

• Private Providers
• Public Providers

Breakup by Type:

• Life-Time Coverage
• Term Insurance

Breakup by Plan Type:

• Medical Insurance
• Critical Illness Insurance
• Family Floater Health Insurance
• Others

Breakup by Demographics:

• Minor
• Adults
• Senior Citizen

Breakup by Provider Type:

• Preferred Provider Organizations (PPOs)
• Point of Service (POS)
• Health Maintenance Organizations (HMOs)
• Exclusive Provider Organizations (EPOs)

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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IMARC Group

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According to the latest report by IMARC Group “India Cigarette Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India cigarette market size reached US$ 21.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11.94% during 2023-2028.

Cigarettes refer to cylindrical-shaped products that are made up of tobacco, chemical additives, and flavourings. They utilize finely cut and cured tobacco leaves that are further rolled in a thin paper. It is lit on one end while smoked from the other end, wherein the filter is present to help block large tar particles from entering the lungs of smokers. The nicotine and other chemicals present in them are considered to be harmful to human health as they can often lead to the development of numerous forms of cancer. They are widely available in the market in a vast array of sizes, shapes, intensities and flavors.

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Market Trends:

The market in India is majorly driven by a considerable increase in the number of smokers across the country. This is supported by the hectic schedules and long working hours of working professionals that have led them to adopt smoking to combat stress. Coupled with peer pressure and early exposure to smoking among young adults, this is providing an impetus to market growth. Moreover, numerous key players are continually introducing innovative product variants, such as slim cigarettes with attractive and aesthetically-pleasing packaging, in the market to diversify their product portfolio. They are also launching clove, chocolate and menthol-flavoured cigarettes with single and double capsules, which are gaining widespread prominence among smokers. Some of the other factors contributing to the market growth include changing lifestyle patterns of individuals, inflating consumer spending capacities, aggressive promotional activities by manufacturers and a significant increase in the number of women smokers across the country.

Breakup by Type:

• Light
• Medium
• Others

Breakup by Distribution Channel:

• Tobacco Shops
• Supermarket and Hypermarkets
• Convenience Stores
• Online Stores
• Others

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
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According to the latest report by IMARC Group, “India Aquafeed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India aquafeed market size reached 1.6 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 2.8 Million Tons by 2028, exhibiting a growth rate (CAGR) of 9.7% during 2023-2028.

Aquafeed represents specialized feed formulations that are given to aquatic farmed animals. They are prepared utilizing several ingredients, such as soybean, fish meal, corn, additives, fish oil, etc. Aquafeed products are rich in vitamins, amino acids, fatty acids, etc., that offer an extensive variety of growth-promoting, nutritional, and immune-resistant benefits to the farmed aquatic animals. Consequently, they are in widespread demand across India.

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Market Trends

The expanding health consciousness among individuals and the increasing awareness about the advantages of consuming aquafeed are primarily driving the India aquafeed market. Additionally, the elevating improvement in cold chain facilities that have allowed seafood sales to expand from local wet markets to organized retail channels is acting as another significant growth-inducing factor. Furthermore, the shifting preferences toward natural and organic feeds that have prompted manufacturers to incorporate high-quality raw materials which provide functional benefits and eliminate synthetic components are also positively influencing the market across the country. Apart from this, the escalating focus among leading market players on improving the stability of feed pellets, lowering fine proportion, and enhancing pellet density and extension is further stimulating the Indian market. Moreover, the rising requirement for commercially manufactured feed as compared to homemade products, owing to the improved bioavailability of numerous nutrients and reduced environmental pollution, the growing mass production of fish, and the launch of various favorable subsidies by the government bodies for fish and shrimp farmers aimed at promoting seafood production and farming activities are expected to propel the India aquafeed market over the forecasted period.

Breakup by Species:

• Carp Feeds
• Marine Shrimps
• Tilapias
• Catfishes
• Marine Fishes
• Salmons
• Freshwater (FW) Crustaceans
• Trouts
• Others

Breakup by Ingredients:

• Soybean
• Corn
• Fish Meal
• Fish Oil
• Additives
• Others

Breakup by Additives:

• Vitamins and Minerals
• Antioxidants
• Feed Enzymes
• Others

Breakup by Product Form:

• Pellets
• Extruded
• Powdered
• Liquid

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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According to the latest report by IMARC Group “India Animal Health Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The India animal health market size reached INR 73.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 120.3 Billion by 2028, exhibiting a CAGR of 8.94% during 2023-2028.

Animal health involves regular tracking and providing adequate care to domesticated animals or livestock. It includes the development of feed additives, pharmaceuticals, veterinary drugs, pesticides, and biologics. Furthermore, animal health services also ensure a constant food supply and prevent various zoonotic diseases, such as feline leukemia, animal flu, tick infestation and Lyme disease, caused by viruses, parasites, and bacteria.

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The increasing prevalence of zoonotic ailments and a significant growth in the veterinary pharmaceutical industry are primarily driving the India animal health market. Furthermore, the rising integration of IoT with animal health monitoring solutions, along with the growing usage of mobile sensors and wearables to monitor animal behavior and health, are providing a thrust to the market. Additionally, the increasing adoption of feed additives, which helps in improving the overall animal health while enhancing the quality of products, including milk, eggs, and meat, is further catalyzing market growth. Moreover, the Government of India is undertaking extensive R&D activities in the field of animal health to create awareness for disease control and provide effective treatments. All the factors mentioned above will continue to propel the India animal health market over the forecasted period.

Market Breakup by Animal Type

• Commercial
• Companion

Market Breakup by Product Type

• Anti-Bacterial/Antibiotic
• Anti-Chronic Respiratory
• Anticoccidials
• Dewormers/Antihelmintics
• Disinfectants
• Enzymes
• Fly-Binder/Control
• Growth Promoters
• Gut Health (also includes probiotics, prebiotics)
• Liver Tonics
• Nutritional Supplements
• Toxin Binders / Immunomodulators / Mold inhibitors
• Vaccines
• Vitamins/ Minerals/ Amino Acids
• Diagnostics

Market Breakup by Distribution Channel

• Veterinary Hospitals
• Veterinary Clinics
• Pharmacies and Drug Stores
• Others

Market Breakup by Region

• Uttar Pradesh
• Rajasthan
• Madhya Pradesh
• Bihar
• Andhra Pradesh
• Gujarat
• Others

Competitive Landscape

• Bayer CropScience Limited
• Boehringer Ingelheim Animal Health
• Cargill India Pvt. Ltd.
• Merck
• Ceva Sante Animale
• Elanco India Private Limited
• Virbac Animal Health India Pvt Ltd.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

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According to the latest report by IMARC Group “Functional Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global functional fluids market size reached US$ 41.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 56.2 Billion by 2027, exhibiting a growth rate (CAGR) of 5.07% during 2022-2027.

Functional fluid refers to lubricants used to insulate and lubricate mechanical devices, such as compressors, engines, turbines, refrigeration systems, and hydraulic and braking systems. It includes engine oils, metalworking, heat transfer, transmission, and hydraulic fluids. It exhibits properties, such as low compressibility ratio, high viscosity index, thermal and hydraulic stability, high boiling and low freezing point, corrosion prevention, and high oxidation resistance. It helps protect equipment by minimizing wear and tear of components due to friction, enhancing temperature control, reducing downtime and cost, efficiency and reliability, and promoting smoother operation and longer shelf life. As a result, functional fluids find extensive applications across automotive, aerospace, metals and mining, transportation, and construction industries.

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Market Trends:

The escalating demand for high-performance products in the construction and automotive industries represents one of the key factors positively influencing the market. In line with this, the widespread adoption of functional fluids in the chemical, solar, and transportation industries on account of their non-corrosive and long-lasting properties is creating a positive outlook for the market. Furthermore, the globally increasing environmental concerns associated with petroleum-based products in industries, including farming, forestry, mining and boating, are resulting in the rising adoption of environment-friendly products, which, in turn, is compelling manufacturers to invest in the industry. Apart from this, the growing use of bio-based oils formulated with vegetable oils for superior solubilizing power is contributing to the market growth. Apart from this, the surging demand for high-processing process oils in the industrial metal fabrication sector is augmenting the market growth.

The increasing adoption of these fluids for manufacturing paper, packaging, printing, and rapid industrialization across the globe is also catering favorable opportunities to industry investors. In addition, the rising consumer awareness about high-performance functional fluids as an alternative to conventional mineral oil lubricants is adding to the market expansion. The use of functional fluids helps maintain the  overall functionality of machines by providing high-temperature stability, high viscosity index, low pouring points, and low traction coefficient. In addition, the exponential rise of passenger and commercial vehicles worldwide is increasing the sales of lubricants, which is propelling the market growth. Furthermore, original equipment manufacturers (OEMs)are emphasizing on greener alternatives due to rising environmental concerns, which is enabling key players to expand their market reach and consumer base. Moreover, technological advancements are resulting in the efficient production, expanding product portfolio, andeffective operational maintenance,which is projected to offer a favorable market outlook.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• BASF SE (BASFY)
• BP plc (BP)
• Chevron Corporation (CVX)
• Croda International Plc
• Exxon Mobil Corporation
• Fuchs Petrolub AG
• Huntsman International LLC (Indorama Ventures Public Co. Ltd.)
• Idemitsu Kosan Co. Ltd.
• Petroliam Nasional Berhad (PETRONAS)
• Royal Dutch Shell Plc
• The Dow Chemical Company etc.

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The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Type:

• Process Oil
• Hydraulic and Transmission Fluid
• Metalworking Fluid
• Heat Transfer Fluid
• Coating Fluid
• Bio-based Hydraulic Fluid
• Others

Breakup by Application:

• Automotive
• Metals and Mining
• Construction
• Transportation
• Industrial Machinery
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

According to IMARC Group’s latest report, titled “Smart Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global smart packaging market size reached US$ 33.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 49.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

Smart packaging is improved packaging integrated with various technologies, such as biosensors and radio frequency identification (RFID). It comprises active and intelligent packaging used in the packaging of perishable goods, such as food, drinks, pharmaceuticals, and cosmetics. It assists in monitoring freshness, extending shelf life, and displaying essential information about the quality of the product. In addition, it confirms the authenticity of products and reduces the incidence of counter thefts. Apart from this, it helps brands increase sales by maintaining consumer convenience and supply chain transparency across the globe.

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Market Trends:

The rising demand for sustainability, better quality, and transparency from brands around the world represents one of the key factors driving the market. Besides this, the increasing demand for temperature-controlled packaging in pharmaceutical and food and beverage (F&B) industries to transport temperature-sensitive products is propelling the growth of the market. In addition, smart packaging offers several benefits, such as reduced counterfeiting, enhanced safety, and cost-effectiveness, which is contributing to the growth of the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to introduce innovative features in smart packaging, such as self-cooling and antibacterial packaging, which is expected to bolster the growth of the market.

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List of Key Companies Covered in this Market Report:

• Amcor plc
• American Thermal Instruments
• Avery Dennison Corporation
• Berry Global Inc.
• Crown Holdings Inc
• Dupont De Nemours Inc.
• Linde plc
• Multisorb Technologies Inc. (Filtration Group Corporation)
• Point Five Packaging LLC
• R.R. Donnelley & Sons Company
• Sealed Air Corporation
• WestRock Company
• Zebra Technologies Corporation.

The report has segmented the market on the basis of technology, industry vertical and geography.

Breakup by Technology:

• Modified Atmosphere Packaging
• Active Packaging
  • Antimicrobial
  • Gas Scavengers
  • Moisture Control
  • Corrosion Control
• Intelligent Packaging
  • Indicators
  • Tracking Devices

Breakup by Industry Vertical:

• Food and Beverages
• Automotive
• Healthcare
• Personal care
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group