Press Release

According to a new market report published by Lucintel, the future of the high-density interconnect (HDI) PCB market looks promising with opportunities in the smartphone, computer, telecom and datacom, consumer electronics, and automotive industries. The global HDI PCB market is expected to reach an estimated $19.1 billion by 2027 with a CAGR of 4.7% from 2021 to 2027. The major drivers for this market are growth in the consumer electronics market, miniaturization of electronic devices, and increasing demand for high …

According to a new market report published by Lucintel, the future of PP film capacitors in the global HVDC market looks promising with opportunities in the high voltage power transmission industry. The market is expected grow with a CAGR of 21% from 2022 to 2027. The major drivers for this market are growing demand for renewable energy, increasing installation for HVDC systems, and low transmission loss and better stability of HVDC lines. In this market, PP film capacitors are used …

According to a new market report published by Lucintel, the future of the Hybrid Memory Cube (HMC) and High Bandwidth Memory (HBM) market looks promising with opportunities in graphics, high performance computing, networking, and data center applications. The global HMC and HBM market is expected to reach an estimated $6.2 billion by 2027 with a CAGR of 28% from 2021 to 2027. The major drivers for this market are growing need for high bandwidth, low power consumption, highly scalable memories …

According to a new market report published by Lucintel, the future of the electric transmission and distribution equipment market looks promising with opportunities in the power utility, residential, commercial, and industrial sectors. The global electric transmission and distribution equipment market is expected to reach an estimated $381 billion by 2027 with a CAGR of 5.4% from 2021 to 2027. The major drivers for this market are increasing demand for electricity, new power generation capacity additions, and the expansion of transmission …

According to a new market report published by Lucintel, the future of the global HVAC insulation market looks attractive with opportunities in the residential and non-residential industries. The global HVAC insulation market is forecast to reach $7.3 billion by 2027 with a CAGR of 6% from 2021 to 2027. The major drivers for this market are growth in HVAC systems and stringency in government regulations to increase energy efficiency. In this market, fiberglass, plastic foam, and stone wool are the …

According to a new market report published by Lucintel, the future of the fluoropolymer film market looks promising with opportunities in the electrical and electronics, construction, packaging, transportation, and industrial sector. The global fluoropolymer film market is expected to reach an estimated $2.8 billion by 2027 with a CAGR of 6.5% from 2021 to 2027. The major drivers for this market are increasing demand in the medical packaging industry and growth in the solar photovoltaic and construction industries. In this …

According to a new market report published by Lucintel, the future of the BOPET film market looks attractive with opportunities in the packaging, industrial, and electrical & electronics industries. The global BOEPT film market is expected to reach an estimated $28.1 billion by 2027 with a CAGR of 5.4% from 2021 to 2027. The major drivers for this market are increasing demand for flexible packaging and growth in the flat panel display market. In this market, thin and thick BOPET …

According to a new market report published by Lucintel, the future of the PVC roofing membrane market looks promising with opportunities in the commercial, residential, and industrial sectors. The global PVC roofing membrane market is forecast to reach an estimated $2 billion by 2027 with a CAGR of 3.9% from 2021 to 2027. The major drivers for this market are growth in the building and construction industry and stringent government regulations for energy efficiency. In this market, mechanically attached, ballasted, …

According to a new market report published by Lucintel, the future of the global building thermal insulation market looks promising with opportunities in residential and non-residential buildings. The global building thermal insulation market is expected to reach an estimated $40.5 billion by 2027 with a CAGR of 4.6% from 2021 to 2027. The major drivers for this market are growth in the building and construction industry and stringent government regulations for reduction of greenhouse gas emission and to increase energy …

According to a new market report published by Lucintel, the future of the global artificial intelligence market looks attractive with opportunities in the healthcare, security, retail, automotive, manufacturing, and financial technology (fintech) sectors. The global artificial intelligence market is expected to reach $115 billion by 2027 with a CAGR of 23.5% from 2021 to 2027. The major drivers for this market are increasing demand for virtual assistance for easy accessibility of services and growing adoption of cloud-based technology. In this …

According to a new market report published by Lucintel, the future of the global zinc stearate market looks promising with opportunities in the construction, packaging, consumer goods, and automotive markets. The global zinc stearate market is expected to reach an estimated $1.4 billion by 2027 with a CAGR of 6% from 2021 to 2027. The major drivers for this market are growth in the end use applications and increasing demand for materials that could provide superior functionality & energy conservation. …

According to a new market report published by Lucintel, the future of the global personal care active ingredient market looks promising with opportunities in skin care, hair care, oral care, makeup, toiletries, and fragrance applications. The personal care active ingredient market is expected to reach an estimated $6 billion by 2027 with a CAGR of 5.4% from 2021 to 2027. The major drivers for this market are the changing lifestyle, growing purchasing power, and increasing concern of consumers regarding their …

According to a new market report published by Lucintel, the future of the ASIC chip market looks promising with opportunities in the data processing, consumer electronics, telecommunication system, industrial, and other industries. The global ASIC chip market is expected to reach an estimated $34.4 billion by 2027 with a CAGR of 7.2% from 2021 to 2027. The major drivers for this market are increasing advancement in chip technology, rising demand for customizable ICs, and growing usage in consumer electronic devices. …

According to a new market report published by Lucintel, the future of the global micro LED market looks attractive with opportunities in the consumer electronics, automotive, advertisement, and aerospace & defense industries. The global micro LED market is expected to reach an estimated $14.7 billion by 2027 with a CAGR of 80% from 2021 to 2027. The major drivers for this market are growth in smartphones and wearable devices and increasing demand for brighter and better display solutions. In this …

According to a new market report published by Lucintel, the future of the home automation market looks attractive with opportunities in the residential sector. The global home automation market is expected to reach an estimated $101.1 billion by 2027 with a CAGR of 10% from 2021 to 2027. The major drivers for this market are increasing consumer need for simplicity of functioning and personalized experience, increasing awareness related to safety and security, and the growing adoption of cloud-based technologies. In …

According to a new market report published by Lucintel, the future of the stretchable and conformal electronics market looks attractive with opportunities in the consumer electronics, healthcare, automotive, aerospace and defense, and textiles. The global stretchable and conformal electronics market is expected to reach an estimated $603.5 million by 2027 with a CAGR of 44% from 2021 to 2027. The major drivers for this market are continuous technological advancement and increasing usage of stretchable and conformal electronics products as wearable …

According to a new market report published by Lucintel, the future of the bio-plasticizer market looks attractive with opportunities in the packaging, medical device, consumer goods, wire & cable, and building & construction industries. The global bio-plasticizer market is expected to reach an estimated $2.3 billion by 2027 with a CAGR of 7.7% from 2021 to 2027. The major drivers for this market are increasing demand for PVC, growing need for non-toxic alternative for phthalates plasticizer, stringent environment regulations, and …

According to a new market report published by Lucintel, the future of the global video game market looks promising with opportunities in the smartphone, tablet, PC, and console market. The global video game market is expected to reach an estimated $215.1 billion by 2027 with a CAGR of 7% from 2021 to 2027. The major drivers for this market are increasing growth of smartphones and easy availability of games on the internet. In this market, shooter, action, sports, role-playing, adventure, …

According to a market report by Lucintel, the future of the energy drink market in the US looks promising with opportunities in the supermarket/hypermarket, specialty store, convenience store, online store, and other retail markets. The major drivers for this market are change in the consumer’s lifestyle, rising demand from young adults and adolescents, the rise in consumer focus on fitness and health, and switching preference from the consumption of carbonated drinks towards energy drink. In this market, alcoholic and non-alcoholic …

According to a market report by Lucintel, the future of the fresh vegetable market in the US looks promising with opportunities in the household and commercial markets. The major drivers for this market are increasing consumption in household and commercial applications, demand for organic fresh vegetables, and rising trend for a vegan-based diet. In this market, organic and inorganic are the major product types. Organic vegetable is expected to witness the highest growth over the forecast period due to growing …

According to a market report by Lucintel, the future of the anti ageing market in the US looks promising with opportunities in the supermarkets/hypermarkets, department stores, drug store & pharmacies, health & beauty stores, and e-retail markets. The major drivers for this market are rise in demand for natural ingredient based products, increase in old age population, and consciousness towards good physical appearance. In this market, anti-wrinkle products, anti-stretch mark products, and hair color products are the major product types. …

According to a market report by Lucintel, the future of the wine market in the US looks promising with opportunities in the on-trade and off-trade distribution channel markets. The major drivers for this market are increasing demand for wine due to its health benefits, new and exotic flavors, increasing the investments in the industry, and wide range of product availability. In this market, still wine, sparkling wine, and fortified wine, and vermouth are the major product types. Still wine product …

According to a market report by Lucintel, the future of the bottled water market in the US looks promising with opportunities in the on-trade and off-trade retail markets. The major drivers for this market are rapid expansion of restaurants, emergence of eco-friendly packaging and flavored water, increase incidence of water-borne disease, and declining water supplies due to climate change. In this market, purified, mineral, spring, sparkling, and distilled water are the major product types. Purified bottled water product is expected …

According to a market report by Lucintel, the future of the dairy market in the US looks promising with opportunities in the supermarkets/hypermarkets, convenience stores, specialist retailers, online stores, and other distribution channels . The major drivers for this market are increasing demand for dairy products, growing awareness towards health, growing demand of lactose-free products, growing focus on infant nutrition and demand for organic clean label dairy products. In this market, milk, cheese, butter, dairy desserts, and yogurt are the …

According to a market report by Lucintel, the future of the tea market in the US looks promising with opportunities in the residential and commercial markets. The major drivers for this market are growth in health awareness, increase in disposable income, growth in demand for herbal tea, and consumption of carbonated tea drinks. In this market, green tea, black tea, oolong tea, and herbal tea are the major product types. Black tea is expected to remain the largest segment over …

According to a market report by Lucintel, the future of the nut market in the US looks promising with opportunities in the household/retail, food service sector, café, catering, and other markets. The major drivers for this market are increasing consumer awareness for maintaining healthy lifestyles and rising disposable income. In this market, almonds, cashew nuts, hazelnuts, peanuts, pistachios, walnuts, and others are the major product types. Almond product is expected to remain the largest segment over the forecast period due …

According to a market report by Lucintel, the future of the spirit market in the US looks promising with opportunities in the off-trade and on-trade retail markets. The major drivers for this market are increasing disposable income, rising consumption of premium and super premium alcohols, and increasing population of young generation. In this market, vodka, gin, tequila, rum, whisky, brandy, cane, natural spirits, and flavored spirits are the major product types. Whiskey is expected to remain the largest segment over …

According to a market report by Lucintel, the future of the coffee market in the US looks promising with opportunities in the on-trade and off-trade distribution channels. The major drivers for this market are increasing demand for certified coffee products, acceptance of single-serve coffee brew systems, increasing number of cafes, and constant innovation by top manufacturers. In this market, whole-bean, ground coffee, instant coffee, coffee pods & capsules, and others are the major product types. Instant coffee product is the …

According to a market report by Lucintel, the future of the beer market in the US looks promising with opportunities in the on-trade and off-trade retail markets. The major drivers for this market are increasing consumer preferences over other alcoholic beverages, increasing sales of cans and pint beer, rapidly growing food service industry, increasing investments in the industry, and increasing popularity of craft beer. In this market, lager, ale, stout & porter, and others are the major product types. Lager …

According to a market report by Lucintel, the future of the whiskey market in the US looks promising with opportunities in the on-trade and off-trade retail markets. The major drivers for this market are increasing demand for premium whiskey, rapidly growing food service industry, growth in the cocktail culture, increasing investments in the industry, and the growing affordability of whiskey. In this market, American whiskey, Scotch whiskey, Canadian whiskey, and Irish whiskey are the major product types. Scotch whiskey is …

According to a market report by Lucintel, the future of the cannabis packaging market in the US looks promising with opportunities in the medical and recreational markets. The major drivers for this market are rise in the demand for pre-packaged cannabis and rising demand for cannabis products in medical and recreational. In this market, rigid and flexible are the major material types. Rigid packaging will remain largest segment over the forecast period due to rising demand for sustainable packaging material …

According to a market report by Lucintel, the future of the e-commerce packaging market in the US looks promising with opportunities in the food & beverages, consumer electronics, personal care, apparels & accessories, pharmaceuticals, and other markets. The major drivers for this market are expansion of E-retail, growth in per capita income, increasing digital population, and demand for apparel & accessories, packaged food, and consumer electronics products. In this market, boxes, bags, tapes, and protective packaging are used in the …

According to a market report by Lucintel, the future of the protective packaging market in the US looks promising with opportunities in the food & beverage, healthcare, industrial, automotive, consumer electronics, and other markets. The major drivers for this market are rise in the demand of convenient packaging, growing demand in the food & beverage and healthcare sectors, and rise in consumer spending on packaged goods. In this market, flexible, rigid, and foam are the major product types. Flexible protective …

According to a market report by Lucintel, the future of the medical device packaging market in the US looks promising with opportunities in the sterile packaging and non - sterile packaging markets. The major drivers for this market are rapid technological developments in the medical device industry, rising health awareness, increasing spending on healthcare services, rise in the production of medical devices, and increasing focus of packaging companies on providing sustainable and cost-effective packaging for medical devices. In this market, …

According to a market report by Lucintel, the future of the cold drink/soft drink market in the US looks promising with opportunities in the supermarkets, hypermarkets, convenience stores, specialty stores, online retail, and others markets. The major drivers for this market are rising health awareness among the consumers, rising emphasis on staying at home and maintaining social distance which is further encouraging the consumers to stock their favorite junk food and beverage options, changing lifestyles, and increasing consumer spending. In …

According to a market report by Lucintel, the future of the beverage packaging market in the US looks promising with opportunities in the alcoholic, non-alcoholic, and dairy beverage markets. The major drivers for this market are rise in packaged beverage consumption, changing consumer preference, and rising focus towards eco-friendly and biodegradable packaging. In this market, cans, bottle, pouch, and carton are the major products used in packaging of beverages. Bottle packaging is the largest segment over the forecast period due …

According to a market report by Lucintel, the future of the wine packaging market in the US looks promising with opportunities in the glass, plastics, metal, and paperboard packaging markets. The major drivers for this market are increasing consumption of wine, rising need for eco-friendly packaging, and surging demand for supplementary packaging for wine such as carton partitions, racks, barrels, and trays. In this market, glass bottles, plastic bottles, bag in box, and closures are the major products used in …

According to a market report by Lucintel, the future of the pet food packaging market in the US looks promising with opportunities in the dry food, wet food, frozen food, and other markets. The major drivers for this market are the growing trend of pet humanization, steady demand for convenience and single-serve packaging, rising affection towards pets which is leading to greater adoption of pets, and concerns over the nutritional intake of pets. In this market, plastic bottles & jars, …

According to a market report by Lucintel, the future of the juice market in the US looks promising with opportunities in the supermarket & hypermarket, convenience store, specialty store, and online retail markets. The major drivers for this market are increasing consumer awareness of the health benefits of consuming juices, changing lifestyles, and rising disposable income. In this market, 100% fruit juice, nectars, juice drinks, concentrates, and powdered juice are the major product types. Juice drink product is expected to …

According to a market report by Lucintel, the future of the tobacco packaging market in the US looks promising with opportunities in the smoking tobacco, smokeless tobacco, and raw tobacco markets. The major drivers for this market are rise in per capita income, stressful lifestyles, and rise in cigarette consumption by female smokers. In this market, primary, secondary, and bulk are the major packaging types. Secondary packaging is expected to remain the largest segment over the forecast period due to …

According to a market report by Lucintel, the future of the plastic packaging market in the US looks promising with opportunities in the food & beverages, industrial, pharmaceuticals, and personal & household markets. The major drivers for this market are increasing per capita income, growing consumption of packaged consumer goods, such as beverages and processed foods, growth in pharmaceutical and personal care industry and increasing demand for flexible, transparent, lightweight, cost-effective, and higher product shelf life packaging materials. In this …

According to a market report by Lucintel, the future of the fairness cream market in the US looks promising with opportunities in the supermarkets/hypermarkets, convenience stores, and e-retail markets. The major drivers for this market are a growing inclination towards fairer skin, beauty pageants at national & international level, increasing demand for skin care products, and increasing disposable income. In this market, natural/herbal, and synthetic fairness cream are the major product types. Fairness cream manufactured with synthetic material will remain …

According to a market report by Lucintel, the future of the sunglass market in the US looks promising with opportunities in the supermarkets/hypermarkets, convenience stores, and e-retail markets. The major drivers for this market are growing consumer demand for sunglasses due to protection against ultraviolet radiation and growing popularity of sunglasses as a fashion product. In this market, polarized and non-polarized are the major types of sunglasses. Non-polarized will remain the largest product type during the forecast period as polarized …

According to a market report by Lucintel, the future of the baby food packaging market in the US looks promising with opportunities in the milk formula, dried baby food, prepared baby food, ready to feed baby food, and others markets. The major drivers for this market are increasing number of nuclear families, rising demand for baby food products, and increase awareness for baby hygiene and demand for light weight easy to carry and reusability packaging material. In this market, bottles, …

According to a market report by Lucintel, the future of the paper packaging market in the US looks promising with opportunities in the food & beverages, healthcare, and personal & household care markets. The major drivers for this market are increasing production of paper, increasing consumer consciousness regarding sustainable packaging, and eco-friendly packaging as well as the strict regulations imposed by various environmental protection agencies. In this market, paperboard, liquid packaging cartons, and corrugated board are the major types of …

According to a market report by Lucintel, the future of the bleach market in the US looks promising with opportunities in the industrial, water treatment, and household cleaning markets. The major drivers for this market are increasing use of bleach in various industrial sectors, such as textile, pulp & paper and others, and water treatment due to clean water scarcity, danger to aquatic life, and increasing water borne diseases. In this market, industrial grade and food grade bleach are the …

According to a market report by Lucintel, the future of the fishing equipment market in the US looks promising with opportunities in the online and offline retail market. The major drivers for this market are growing preference for fishing as a recreational sport, increasing number of children participating in fishing activities, and launch of advanced fishing equipment. In this market, rods, reels, and lures are the major fishing equipment used in fresh and salt water fishing. Fishing rods market is …

According to a market report by Lucintel, the future of the frozen food packaging market in the US looks promising with opportunities in the convenience foods, bakery, fruits & vegetables, meats poultry & sea foods, and other markets. The major drivers for this market are growing demand for ready-to-eat and convenience food products, shift in eating habits and evolving lifestyles, and demand for longer shelf life packaging materials. In this market, paperboard, plastic, metal, and others are the major packaging …

According to a market report by Lucintel, the future of the foundation cream market in the US looks promising with opportunities in the supermarkets/hypermarkets, convenience stores, and e-retail markets. The major drivers for this market are increasing purchasing power of consumers, rise in personal care expenditure, introduction of new products, and growth in the e-commerce market. In this market, concealer foundation cream and moisturizing foundation cream are the major product types. Moisturizing foundation cream will remain the largest product type …

According to a market report by Lucintel, the future of the metal packaging market in the US looks promising with opportunities in the food & beverages, healthcare, personal & household care, chemicals, and others markets. The major drivers for this market are increasing consumption of beverages, grocery products including frozen and chilled food, and demand for aerosol cans. In this market, cans, caps & closures, barrels & drums, and others are the major metal packaging materials. Cans based packaging is …