Gmi Research

 The Industrial Packaging Market was estimated around USD 61.9 billion in 2020, and is expected reach USD 84.1 Billion by the end of 2028, growing at a CAGR of 3.9% over the forecast period (2021-2028). The factors driving the growth of Industrial Packaging Market includes increasing application of industrial packaging solutions across end-use industries such as healthcare, food & beverage and cosmetic, rise in the number of Free Trade Agreements between Governments of different countries and growing use of shipping containers to protect industrial equipment. Moreover, technological advancements in packaging solutions, rise in the launch of new products, strategic mergers, and acquisitions between industry players, growing demand for ready-to-eat & convenience food products and rapid industrialization, are some of the additional factors supplementing the market growth. In addition, increasing investments by major corporations on research and development, growing adoption ...

  Automated Material Handling Equipment Market was valued at USD 27.5 billion in 2021 and projected to reach USD 54.4 billion in 2029, growing at a CAGR of 8.9%. The factors driving growth of the Automated Material Handling Equipment Market includes growing demand for Automated Storage and Retrieval System (ASRS) in the e-commerce industry and rising focus by manufacturers and warehouse operators on enhancing the efficiency and speed of picking orders. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Radio Frequency Identification (RFID), strategic mergers and acquisitions between key industry leaders and rising emphasis on digitalizing the supply chains, are further propelling the market growth. In addition, increasing application of automated material handling equipment to improve customer service, shorten delivery time and reduce overall handling cost along with rising investments by leading players on resear...

  The Passenger Car Accessories Market was estimated around USD 224 billion by 2028, growing at a CAGR of 6.8% over the forecast period. The factors driving the growth of Passenger Car Accessories Market includes rising smartphone penetration rates, growing demand for infotainment systems, emerging trend of vehicle customization, improvements in vehicles safety features and increase in the production of automobiles around the world. Moreover, technological advancements in car accessories, increasing use of lightweight materials by manufacturers for developing lightweight automobiles and rapid growth in automotive aftermarket e-retailing and rise in the launch of innovative products, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the Passenger Car Accessories Market Growth. Howeve...

  Delivery Robots Market Delivery Robots Market is estimated to grow at a significant CAGR of 31.5% over the forecast period, 2022-2029. The factors driving growth of the Delivery Robots Market includes rapid growth in the e-commerce sector, rise in the number of online grocery stores, increasing application of delivery robots in Food and Beverages, Hospitality and Healthcare industries and growing focus by major companies on testing autonomous delivery bots at college campuses and cities. According to the report published by Statista, the market value of online grocery in India was estimated around INR 150 billion in 2020 and is expected to reach INR 1,170 billion by the end of 2024, which will accelerate the Global Delivery Robots Market in the approaching years. Moreover, integration advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) with delivery robots, Government regulations regarding environmental emissions and increasing labor costs around th...

  Smart Packaging Market is estimated to grow at CAGR of 5.9% during the forecast period 2022-2029. The factors driving the growth of Smart Packaging Market includes growing concerns related to food wastage, expansion of the e-commerce industry, increasing demand for sustainable packaging solutions around the world and rise in the consumption of packaged food products. According to the report published by Statista, the sales of packaged food products around the world has increased drastically from USD 2.47 trillion in 2016 to USD 2.64 trillion in 2019, which will accelerate the Smart Packaging Market size in the approaching years. Moreover, growing adoption of advanced technologies such as RFID, QR code and NFC, rise in the launch of innovative products and increasing health consciousness amongst people, are some of the additional factors supplementing the Smart Packaging Market Growth . In addition, the increasing investments by leading players on research and development, growi...

  The Fertilizer Market was estimated around USD 840 billion in 2019 and is expected to grow at a CAGR of 5% over the forecast period (2020-2027). The factors driving the growth of Fertilizer Market includes growing popularity of organic fertilizers, rise in the consumption of food, increased adoption of precision farming around the world and expansion of the agriculture sector. According to the report published by Statista, the Global Precision Farming Market was calculated around USD 6.73 billion in 2021 and is expected to reach USD 14.44 billion by the end of 2027, which will accelerate the Global Fertilizer Market in the approaching years. Moreover, growing demand for high-efficiency fertilizers, rising awareness amongst farmers about the benefits of using fertilizers and Government schemes promoting the use of organic fertilizers, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and deve...

  Automotive Temperature Sensor Market Automotive Temperature Sensor Market was valued at USD 3.8 billion in 2021 and is projected to touch USD 8.0 billion in 2029 and the market is estimated to grow at a CAGR of 9.7%. The factors driving the growth of Automotive Temperature Sensor Market includes increasing popularity of connected cars and autonomous vehicles, growing emphasis on reducing carbon emissions and rise in the number of electric vehicles charging stations around the world. According to the report published by Statista, the Global Connected Cars Market was calculated around USD 63.2 billion in 2019 and is expected to reach USD 191.83 billion by the end of 2028, which will accelerate the Automotive Temperature Sensor Market size in the approaching years. Moreover, rising awareness amongst consumers about the benefits of automotive temperature sensors, Government polices boosting the manufacturing of passenger vehicles and technological advancements in the temperature se...