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Global Polypropylene Woven Bags and Sacks Market to Expand at a CAGR of 4.2% Through 2028

Post author By neha.b
Post date May 16, 2021

Polypropylene Woven Bags and Sacks market research study in brief

The business intelligence study for the Polypropylene Woven Bags and Sacks market provides an extensive synopsis of essential aspects involving the product classification, important definitions, and other industry-specific parameters. The report also covers the key factors associated with the current events such as alliances, mergers & acquisitions, and new product launches.

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Quality-constructed to impart economical yet strong packaging, laminated polypropylene woven bags and sacks continue to dwarf their non-laminated counterparts. 60% of polypropylene woven bags and sacks sales converted worldwide are laminated, according to a recent Fact.MR study. The study foresees the polypropylene woven bags and sacks market to record a moderate 4.0% volume CAGR through the period of forecast, 2018 to 2028.

Palpability of polythene’s environmental hazards has emphasized the use of sustainable alternatives in the packaging sector, thereby entailing adoption of polypropylene woven bags and sacks. Rapid inroad paved by the retail industry in FMCG sector, which has resulted in proliferation of retail outlets, will continue to bode well for growth of the polypropylene woven bags and sacks market.

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Countries worldwide are passing prohibitions and taxes on plastic bags to offset environment impacts resulting from their production and disposal. Single-use plastic bags that have a thickness of less than 35 microns or 50 microns fall under the prohibition, and the thickness varies from country to country; primary agenda behind this being their zero reusable value and exhausting landfill sites.

“Following ban on plastic bags, polypropylene non-woven bags are in rigorous demand, albeit their composition of plastic as a part with cloth was frowned upon in their infancy. Despite materials used in polypropylene woven bags and sacks are not completely biodegradable, they can be reused & recycled, thereby illustrating a greener alternative. In fact, polypropylene woven bags and sacks manufacturing is emerging as a lucrative small-business idea, in light of their steadily surging demand,” says a lead analyst at Fact.MR.

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Sensing evolving requirements of consumers and end-use industries alike, manufacturers of polypropylene woven bags and sacks have introduced a wide range of products. Open mouth bags and valve bags continue to subjugate the polypropylene woven bags and sacks market, collectively accounting for over 50% market share, in terms of both value and volume. This will be complemented by steady demand from block bottom bags and gusseted bags.

Preeminence of Asia-Pacific excluding Japan (APEJ) in the polypropylene woven bags and sacks market will persist, led by fast growing FMCG sector in the region that coattails the surging middle-class demographic. Most of the APEJ’s polypropylene woven bags and sacks market will remain concentrated in China and India, following plastic ban initiatives that have gained widespread acceptance across these countries.

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“With rising demand for packaging products, key players have shifted their focus toward production of polypropylene woven bags and sacks, to become most reliable manufacturers of custom-driven woven fabric. Some companies based in emerging nations such as China and India, being export-oriented unit (EOU), have over half of their output exported to nations including the U.S., Canada, UAE, Australia, Germany, and Britain. These players are fast foraying East European nations and South Africa,” according to the analyst.

Leading players in the polypropylene woven bags and sacks market are custom designing and developing solutions that are client requirement-specific, meanwhile conforming to international quality & safety guidelines. These players are also taking strategic steps forward for expanding their market reach and gaining a competitive edge in the polypropylene woven bags and sacks market.

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Global Harbor Deepening Market to Expand at a CAGR of 3%

Post author By neha.b
Post date May 16, 2021

Harbor Deepening market research study in brief

The business intelligence study for the Harbor Deepening market provides an extensive synopsis of essential aspects involving the product classification, important definitions, and other industry-specific parameters. The report also covers the key factors associated with the current events such as alliances, mergers & acquisitions, and new product launches.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=1257

With seaborne trade gaining importance in terms of economic development of a nation, government organizations are largely investing in harbor deepening activities worldwide. A deeper harbor can accommodate heavy and large container ships allowing expansion of trading activities in the respective region. This has gained higher significance against the backdrop of a beleaguered scenario of international trade due to the China – United States trade war. Although the possibility of improving this condition is true, it is also likely that this scenario can have a throwback on the harbor deepening market, given the likelihood of reduction in shipping activities.

Requirement for harbor deepening in urban development is rapidly increasing however is overpowered by trade maintenance activities, according to a recent Fact.MR study. The study envisages that the harbor deepening market is projected to grow at a steady CAGR of 3.0% in terms of value during the period of forecast, 2018-2028.

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Shipping industry has permeated the international trading space. The International Chamber of Shipping revels that more than 50,000 merchant ships, accounting for around 90 percent of worldwide trading via international waters have been in operation. This has led to increasing number of large vessel anchoring, consequently increasing the need for harbor deepening.

Expanding oil and oil gas sector has remained influential in increasing the harbor deepening activities, especially after the removal of trade restrictions on crude oil exports across major countries. This has translated into an increase in oil exports to an average of 1.1 million barrels per day from the United States alone in 2017. Implementation of technologies also have accelerated the global oil trade, thus raising the need for harbor deepening projects across nations.

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Higher cost associated with harbor deepening has had a deepening impact on the overall market. However, this is likely to be offset by favorable government encouragement in terms of budget allocations. The steadily rising harbor deepening activities will coattail rising government funding as a consequence. The Charleston Harbor Deepening project and Savanah Harbor Deepening project are few of the major activities heavily funded by the government, with a large funding of US$ 509 million for the former and additional US$ 100 million for the later. Rising support from government organizations have shored up the harbor deepening projects that are likely to expand at a 2.1% by 2028.

Harbor deepening activities have also penetrated the cruising space, wherein various projects are being undertaken for facilitating navigation of large cruise vessels. The CLIA (Cruise Lines International Association) has estimated that the cursing industry has seen its pink with increasing number of passengers opting for cruising. The association expects that the passenger count is likely to cross 27 million only for cruising. This math has shaken few of the major ports worldwide, which are increasingly investing in harbor deepening, such as PortMiami.

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United States have remained dominant in the North America region, wherein increasing harbor deepening projects are being undertaken funded by the U.S government. The harbor deepening of ports in the country has largely been influenced with the increasing oil exports. Likewise, in terms of freight logistics, Germany holds an upper hand in the European Union. The harbor deepening scenario in the United Kingdom is also a significant one with increasing harbor redevelopment projects such as the Peter Harbor Redevelopment initiative.

Harbor deepening in Japan has taken a rapid upswing on back of increasing foreign trade. The country’s container shipping and seaborne vehicle shipping are other aspects adding fuel to the activity of harbor deepening. Recently, Japan and Singapore have announced a joint feasibility study to promote LNG bunkering for car carriers functioning between these two countries. That said, the country is likely to present lucrative growth opportunities for harbor deepening in the forthcoming years.

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How Structured Cabling Manufacturers Can be Benefitted from Rising Demand from IoT?

Post author By neha.b
Post date May 16, 2021

Structured Cabling market research study in brief

The business intelligence study for the Structured Cabling market provides an extensive synopsis of essential aspects involving the product classification, important definitions, and other industry-specific parameters. The report also covers the key factors associated with the current events such as alliances, mergers & acquisitions, and new product launches.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=1030

Rapidly rising demand for higher network bandwidth coupled with remarkable penetration of 5G technology has skyrocketed the popularity of structured cabling significantly in the past years. Structured cabling is highly supportive for future upgrades, and has the perks of reduced installation time, cabling bulk, and congestion. As such, demand for structured cabling from the IT & telecommunication, commercial, industrial, and other industries is surging. According to Fact.MR, the global structured cabling market is forecast to expand at an impressive CAGR of over 7% through 2031.

According to the European Commission (EC), the international cableways industry is dominated by EU companies, which account for 90% of the industry worldwide. While 5G deployments are widening the scope for structured cabling manufacturers, steady growth of the IT& telecommunication industry is further fueling the sales of suppliers. As per the report “U.S. Telecom Industry Metrics & Trends 2020” published by the United States Telecommunication Organization, targeted government financial support for broadband and favorable regulatory policies have encouraged more than US$ 1.7 trillion investment from 1996 to 2020, which is rising steadily, creating new scope and opportunities.

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As key industries are projected to exhibit promising growth, structured cabling manufactures are optimistic about increasing their sales footprint over the coming years.

Key Takeaways from Structured Cabling Market Study

The global market for structured cabling registered a growth of around 7% in 2020-2021, and will sustain this healthy pace over the coming years.
Hardware structured cabling solutions are anticipated to drive the market, holding around three-fourth market share.
The IT & telecommunication industry remains the leading vertical for the structured cabling manufacturers, with a projected share of around 43% through 2031.

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The United States, the epicenter of the largest structured cabling market of North America, will remain in the spotlight, accounting for close to 90% share of this attractive regional market.
The United Kingdom and France will remain at the forefront across the structured cabling market in Europe, with over one-third of demand share.
APEJ (Asia Pacific excluding Japan) will emerge as another lucrative market for structured cabling, and will register the highest growth over the next ten years. China will account for around one-third of the demand in APEJ.

“With the datacenter industry being on an upward trajectory, requirement for managing large volumes of data has grown rapidly over the past decade. Backed by heavy investments and emergence of modular centers, future of the structured cabling market is highly lucrative,” says a Fact.MR analyst.

Surge in Demand from Industrial Sectors Bolstering Growth

Structured cabling is widely used in industrial Internet of Things (IoT), as it is highly effective in providing end-to-end network connectivity while streamlining the operational environment. With fast growth of industrial IoT, structured cabling manufacturers are forecast to experience surge in demand over the coming years.

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As per a report published by the Inter-American Development Bank (IDB), the global industrial IoT sector is growing fast to reach at 41.6 billion connected IoT devices generating 79.4 zettabytes (ZB) of data in 2025, while worldwide total spending on IoT is forecast to surpass US$ 1 trillion by 2022. These statistics indicate huge scope for structured cabling manufacturers over the coming years.

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