The polymer foam market size was valued at USD 114.88 billion in 2019. It is projected to grow to touch USD 157.63 billion by 2027 at a CAGR of 7.73% during the forecast period. The market is thriving at an exponential rate due to its excellent properties in manufacturing of flooring products and insulation panels. Fortune Business Insights™ stated this in a report titled, "Polymer Foam Market, 2021-2028." IInformation Source- https://www.fortunebusinessinsights.com/industry-reports/polymer-foam-market-101698 Segmentation- Growing Demand for Bedding ProductsSpurs PolyurethaneSegment On the basis of type, the market is classified into polyethylene (PE), polyvinyl chloride (PVC), polyurethane (PU), polystyrene (PS), and others. The polyurethane segment will dominate due to increasing demand for bedding products and viscoelastic foam for making mattresses. Rise in Residential Constructional Activities Surge demand in Building & ConstructionSegment In terms of application, the market is categorized into packaging, furniture, appliances, automotive, building & construction, and apparel. The building & construction segment will gain traction due to a rise in residential constructional activities to make building designs classier. Report Coverage The report provides insights into the regional analysis covering different regions, contributing to the market's growth. The report includes qualitative and quantitative analysis of several factors, such as the key drivers and restraints that will impact the market. Adopting strategies by major players to introduce partnerships, collaboration, and new products will contribute to the market's growth. Drivers and Restraints Increasing Stress Level among the Students and Working Classto Stimulate Product Demand The rise in the global geriatric population has surged a demand for memory foam-based bedding products such as cushions and mattresses. Another reason that surged the need for the product is the increasing stress level among the students and working-class individuals to relax the muscles strain. Meanwhile, due to its non-biodegradable nature, it could hamper the polymer foam market growth. Regional Insights Growing Awareness about Energy Security Nurtures Growth in North America Asia Pacific held the significant polymer foam market share and is expected to lead the global market during the projection period due to the increased disposable income and rising demand from various applications such as construction and packaging. Europe has projected remarkable growth across regions during the forecast period due to the growing demand for the product in furniture and packaging applications for better interior design. The Middle East & Africa is expected to contribute to sluggish growth due to the lack of production of foams across the regions to meet the local demand. Competitive Landscape Partnerships among Renowned Companies to Grow Its Client Base Leading companies will likely invest in R&D activities, technological advancements, and product rollouts to expand their geographical presence. With soaring investments in innovation and advanced design, stakeholders could inject funds into mergers and acquisitions. Industry Developments: March 2019: Sika AG acquired Belineco LLC with an aim to develop and manufacture polyurethane foams to grow its client base. List of the Companies Profiled in the Polymer Foam Market: Synthos (Poland) Sekisui Alveo (Switzerland) KANEKA CORPORATION (Japan) Toray (Japan) BASF SE (Germany) Sealed Air (U.S.) Arkema (France) Armacell International S.A. (Germany)

The global internet of packaging market size was valued at USD 18.50 billion in 2022. The market is projected to grow from USD 19.34 billion in 2023 to USD 27.76 billion by 2030, exhibiting a CAGR of 5.3% during the forecast period. Internet of packaging, also known as intelligent packaging, is a method used to trace, interact, monitor, and manage the safety and quality of products. Reducing human errors, eliminating costs, maintaining quality, and preventing diseases due to rotten food are the major factors for which this packaging method was specifically designed and used. Fortune Business Insights presents this information in their report titled “Global Internet of Packaging Market, 2023-2030.” Information Source- https://www.fortunebusinessinsights.com/internet-of-packaging-market-107258 Segments: Boxes & Cartons is the Dominating Segment Due to its High Utilization in Product Packaging Based on packaging type, the market is divided into boxes & cartons, bottles & jars, films & wraps, mailers, bags, tubes, pouches, blisters, and others. The boxes & cartons segment dominates the market. These are mostly preferred for packaging a variety of products. Various functions offered such as tracing, recording, easy sensing, and providing vital information on the product’s current state make it a preferred option for consumers. Barcode and QR Code Segment Dominates the Market Based on technology, the market is segmented into barcode & QR codes, sensors & tags, radio frequency identification, near-field communications, and indicators. Barcode & QR code segment is growing steadily. QR codes for smart packaging provide convenience for consumers while interacting with their brand of choice Growing Consumer Needs to Result in Significant Growth of the Food & Beverages Segment Based on end-user, the market is segmented into food & beverages, healthcare, personal care & cosmetics, homecare, consumer electronics, logistics & transport, apparel & accessories, sports & retail, and others. Increasing demand from consumers for high-quality and safe food products rises the requirement for the internet of packaging. Report Coverage: The report offers: Major growth drivers, restraining factors, opportunities, and potential challenges for the market. Comprehensive insights into the regional developments. List of major industry players. Key strategies adopted by the market players. The latest industry developments include product launches, partnerships, mergers, and acquisitions. Drivers & Restraints: Increasing Investments in R&D Packaging to Boost Market Growth The products' various functions such as recording, detecting, applying scientific logic, and tracking real-time data, provide significant consumer marketing solutions. Growing investment in research and development for advanced packaging will expand the global internet of packaging market share. Increasing demand for multi-specialty wrapping which can retain the freshness and quality of the product along with maintaining its nutritional and health value to drive market growth. Consumer preference shifting toward comfort food is anticipated to push the internet of the packaging market forward during the forecast period. However, the high cost of hardware, software, and training expenditures for the internet of packaging is likely to hamper the market growth. Regional Insights Asia Pacific to See Substantial Growth due to Changing Lifestyles Asia Pacific is anticipated to witness significant internet of packaging market growth during the forecast period. The growth can be attributed to increasing demand for frozen and packaged products and changing lifestyles. The product's feature of improved product traceability is preferred by consumers. Latin America is to experience steady growth due to changing behavior in product purchasing, lifestyle, and rising demand for connected packaging solutions. Competitive Landscape Major Players to Maintain Dominance by Launching Advanced Product The global market is fiercely competitive. A small number of major corporations control huge market shares by offering enhanced packaging. These corporations are focused on enhancing their products to meet the requirements of consumers and grow their consumer base throughout the globe. Key Industry Development: April 2021: Stora Enso announced the expansion of the sustainable ECO RFID product family with a tag collection. The ECO RFID collection is specifically designed for food & beverage items for item-level tagging and tracking of ready-made meals. It is gaining popularity as the first paper tag in the world for microwave-safe use, ECO meal. List of Key Players Profiled in the Report: Wiliot (Israel) Tetra Pak (Switzerland) Scanbuy Inc. (U.S.) Kezzler (Norway) Identiv Inc. (U.S.) Tapwow (U.S.) Sepio Products (India) CuePath Innovation Designs (Canada) Insignia Technologies (U.K.) RePack (Finland) ImpaX.io (Israel) Qtrust (U.K.) Iungo (Brazil)

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The global steel wire market size was valued at USD 91.33 billion in 2018 and is expected to reach USD 112.14 billion by 2026, exhibiting a CAGR of 2.7% during the forecast period. Increasing construction activities in the residential sector and rising government spending in emerging economies may foster market growth. Fortune Business Insights™ provides this information in its report titled “Steel Wire Market, 2019-2026.” Information Source- https://www.fortunebusinessinsights.com/steel-wire-market-102581 Segmentation Carbon Steel Segment to Dominate Owing to Rising Applications from the Construction Industry By grade, the market is segmented into carbon steel, stainless steel, and flat steel, alloy steel. The carbon steel segment is expected to dominate due to its rising applications in the construction sector. Further, technological advancements have enhanced the product’s quality, thereby facilitating segmental growth. Construction Segment to Dominate Owing to Increasing Commercial and Residential Projects As per the end-use industry, the market is classified into automotive, construction, energy, agriculture, and others. The construction segment is expected to dominate due to rising residential and commercial projects globally. Furthermore, rapid infrastructure development globally is expected to facilitate segmental growth. Regionally, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. Drivers and Restraints Rising Focus on Infrastructure Development to Foster Market Growth Steel wire is used to reinforce and strengthen building structures. A rising focus on infrastructure development in major countries is expected to foster the demand for the material. Furthermore, increasing residential and commercial projects by private and government firms are likely to escalate the material’s demand. Moreover, the rapid development of hospitals, offices, schools, and industries is expected to foster the wire’s sales. Also, the rising adoption of steel wire for the construction of dams, towers, and bridges is expected to foster its adoption. These factors may drive the steel wire market growth. However, the rising adoption of plastic ropes compared to their steel counterpart is expected to hamper the industry’s growth. Regional Insights Strong Demand for Construction Projects to Foster Market Growth in North America North America is expected to dominate the steel wire market share due to the robust demand for construction projects. The market in North America stood at USD 8.24 billion in 2018 and is expected to gain a huge portion of the global market share in the upcoming years. These factors may propel market growth in the region. In Europe, the presence of several significant manufacturing companies is expected to bolster steel wire demand. Further, the increasing adoption of the material for automobile applications is expected to boost industry growth. In Asia Pacific, the rising focus on infrastructure development by the governments of respective countries is expected to elevate steel wire production. This factor may propel industry growth in the region. Competitive Landscape Companies Announce Novel Products to Boost Brand Image The prominent companies operating in the market announce novel products to boost their brand image. For example, WireCo. announced TURBOLITE M, 8-strand steel ropes, in March 2019. The product targets the mining industry to strengthen the weight ratio while being lightweight compared to normal steel ropes. This launch may allow the company to attract consumers and elevate its brand image. Furthermore, manufacturers devise research and development, mergers, acquisitions, partnerships, and innovations to bolster their market position. Key Industry Development July 2022: JSL shall provide nearly 3,500 stainless steel wires to the Indian railway project for the Udhampur-Srinagar-Baramula Rail Link (USBRL) Tunnel Project. List of Key Players Profiled in the Market Report ArcelorMittal (Luxembourg) Bridon-Bekaert (Belgium) The Heico Companies (U.S.) Optimus Steel (U.S.) HBIS Group Co., Ltd. (China) Kobe Steel, Ltd. (Japan) WireCo WorldGroup Inc. (U.S.) JFE Steel Corporation (Japan) Nippon Steel (Japan) Insteel Industries (U.S.) SHAGANG GROUP Inc. (China) Byelorussian Steel Works (Belarus) Ferriere Nord S.p.a. (Italy)

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