The global bancassurance market size reached US$ 1268.7 Billion in 2021.  Bancassurance is a financial partnership between a bank and an insurance company that allows the bank to generate additional revenue and profit. This setup permits the sale of a wide range of insurance products, including annuities, mortgages, and health and life insurance. The use of banks as a distribution channel allows insurance companies to grow their customer base without having to hire salespeople or pay broker commissions. This also aids them in expanding their market reach while offering a high return on investment and significantly enhancing their financial portfolio. Looking forward, IMARC Group expects the market to reach a value of US$ 1802.3 Billion by 2027, exhibiting a CAGR of 5.9% during 2022-2027.

The global bancassurance market size reached US$ 1268.7 Billion in 2021.  Bancassurance is a financial partnership between a bank and an insurance company that allows the bank to generate additional revenue and profit. This setup permits the sale of a wide range of insurance products, including annuities, mortgages, and health and life insurance. The use of banks as a distribution channel allows insurance companies to grow their customer base without having to hire salespeople or pay broker commissions. This also aids them in expanding their market reach while offering a high return on investment and significantly enhancing their financial portfolio. Looking forward, IMARC Group expects the market to reach a value of US$ 1802.3 Billion by 2027, exhibiting a CAGR of 5.9% during 2022-2027.

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Global Bancassurance Market Trends and Drivers:

The global market is majorly driven by widespread consolidation in the banking sector. This is supported by the rising proportion of incremental deposits being raised by private banks, which has resulted in banking institutes in providing plans and credible solutions with better service to their customers.

Additionally, a considerable rise in the aging population that increasingly needs life and health insurance and lucrative retirement plans is expected to create a positive outlook for the market. Since this partnership between banks and insurance firms serves as a one-stop-shop solution for numerous financial requirements and offers enhanced convenience to the customers, this is anticipated to gain prominence among the masses, particularly among the elderly customers.

The market is further driven by the introduction of mobile-based services by banks, which has enabled them to boost their digital sales. This, coupled with increasing penetration of high-speed internet connection across the globe and the continual improvements in their digital strategies, is expected to provide an impetus to the market growth. Other factors, including the shifting purchasing patterns of the masses and the growing middle-class population on the global level, are diving the market further toward growth.

List of Major Key Players:

The major players in the market are ABN AMRO BANK N.V. (ABN.AS), ANZ BANK FPO (ANZ.AX), Banco Bradesco Sa (BBD), The American Express Company (AXP), Banco Santander, S.A., BNP Paribas S.A., The ING Group, Wells Fargo & Company, Barclays plc, Intesa Sanpaolo S.p.A., Lloyds Banking Group plc, Citigroup Inc., Credit Agricole Group, HSBC Holdings plc, NongHyup Financial Group, Societe Generale S.A. and Nordea Group.

Key Insights from the Report:

The report has bifurcated the market according to the product type, which includes life and non-life bancassurance. Currently, life bancassurance is the most preferred segment.

The market has been segregated on the basis of the model type, which consists of pure distributors, exclusive partnerships, financial holdings and joint ventures. Amongst these, pure distributors represent the most popular model type.

On a regional basis, Europe is the biggest market for bancassurance, holding the majority of the total market share. This can be accredited to the favorable tax structure and reduced social security expenditure by governments. Other major regions include Asia Pacific, North America, Latin America, and Middle East and Africa.

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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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

According to the latest report by IMARC Group, titled, “Cryogenic Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“,  The global cryogenic equipment market reached a value of US$ 19.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 27.8 Billion by 2027, exhibiting a CAGR of 6.32% during 2022-2027.

what is cryogenic equipment?

Cryogenic equipment refers to devices that are used to generate, sustain and operate at extremely low temperatures. It comprises cryogenic storage racks, refrigerators, boxes, cold traps, pressure vessels, piping, purifiers, temperature controllers, tanks and accessories. It is used for freezing, cooling, and metal processing and biomedical purposes. Along with this, it also assists in protecting the users from accidental contact with hazardous materials.

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Market Trends:

The burgeoning aerospace and aviation industries represent one of the primary factors propelling the global cryogenic equipment market growth. Cryogenic fluids are widely used for cooling jet engines and in-flight components. Apart from this, the increasing utilization of cryogenic equipment in refrigerators, pumps, oil tankers, vaporizers and valves in the oil and gas sector is driving their sales further. Cryogenic equipment is designed for gases, such as oxygen, liquid helium, nitrogen, argon and carbon dioxide, widely used in Liquified Natural Gas (LNG)- based power plants. The equipment also finds extensive applications across various industries, including energy and power, marine and aerospace, food and beverage (F&B), healthcare and chemical, which is boosting the overall market growth.

Breakup by Equipment:

Tanks

Pumps

Heat Exchanger

Valves

Others

Breakup by Cryogen:

Nitrogen

Liquified Natural Gas

Helium

Others

Breakup by Application:

Storage

Transportation

Processing

Others

Breakup by End Use Industry:

Oil and Gas

Energy and Power

Food and Beverages

Healthcare

Marine and Aerospace

Chemicals

Others

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

Some of these key players include:

Air Liquide S.A.

Air Products and Chemicals Inc.

Chart Industries Inc.

Cryofab Inc.

Cryoquip LLC (Nikkiso Co. Ltd.)

Emerson Electric Co.

Flowserve Corporation

Herose GmbH

INOX India Pvt. Ltd

Linde Plc

Parker-Hannifin Corporation

Wessington Cryogenics.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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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The latest research study, “Food Logistics Market Size: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″ has been added by IMARC Group. The global food logistics market reached a value of US$ 100.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 154.5 Billion by 2027, exhibiting a CAGR of 8.1% during 2022-2027.

Logistics refers to the detailed flow of the products from the point of origin to the point of consumption. It helps in planning, controlling as well as implementing the storage and flow of goods and services. Food logistics also aid in meeting the requirements of corporations and consumers by maintaining a continuous supply of products. Transportation and logistics providers use different equipment, expertise, and technologies, to control and improve the supply chain operations. As a result, logistics plays a crucial role in the food industry.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends

Significant growth of the e-retail in the food and beverages sector is primarily driving the market for food logistics. Furthermore, the rise in the working population, elevating disposable income levels, and the hectic schedule of the consumers, have provided a thrust to the online retail channels, thereby augmenting the demand for food logistics.

Besides this, the incorporation of artificial intelligence (AI) technology with logistics services has increased delivery efficiency as the AI algorithms facilitate intelligent route mapping and reduce delivery time without damaging the perishable goods. Other factors, like improving distribution networks and infrastructure in developing regions and the adoption of new technologies by logistics providers to enhance their business processes, are further expected to drive the market growth.

Global Food Logistics Market 2022-2027 Analysis and Segmentation:

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 the key players being Americold Realty Trust (COLD:NYSE) , Deutsche Bahn (DB) Schenker AG, C.H. Robinson Worldwide, Inc., Schneider National, CaseStack, A.N. Deringer, Inc., Echo Global Logistics, Inc., Evans Distribution Systems, Inc., Hellmann Worldwide Logistics SE & Co. KG, Matson Logistics, Odyssey Logistics & Technology Corporation.

For more information about this report visit: https://www.imarcgroup.com/food-logistics-market

The report has segmented the market on the basis of Transportation mode, Product Type, Service Type, Segment, Insights and Region.

Breakup by Transportation mode:

Railways

Roadways

Seaways

Airways

Breakup by Product Type:

Fish, Shellfish, and Meat

Vegetables, Fruits, and Nuts

Cereals, Bakery and Dairy Products

Coffee, Tea, and Vegetable Oil

Others

Breakup by Service Type:

Cold Chain

Non-Cold Chain

Breakup by Segment:

Transportation

Packaging

Instrumentation

Regional Insights:

Asia-Pacific

North America

Europe

Middle East and Africa

Latin America

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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Ste R

Sheridan, WY 82801

USA

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The latest research study, “Eyewear Market Report: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027” has been added by IMARC Group. The global eyewear market size reached US$ 140 Billion in 2021. Looking forward, the market expects to reach a value of US$ 209.5 Billion by 2027, exhibiting a CAGR of 6.96% during 2022-2027.

COVID-19 Impact Analysis

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Products worn over the eyes to protect them and enhance vision are referred to as eyewear. These corrective accessories are used for objectives other than vision correction, including as environmental protection and aesthetics. Eyewear products are manufactured in the form of contact lenses, sunglasses, and spectacles. The increasing usage of electronic devices or gadgets has led to the rising prevalence of eye-based ailments. Besides this, aging and prolonged exposure to UV rays have also led to a rise in visual problems amongst consumers of all demographics.

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Global Eyewear Industry Trends and Drivers:

The growth of the global eyewear market can be attributed to the rising instances of visual impairment, the requirement for vision correction, and rising sales of prescription contact lenses and spectacles. Apart from this, rapid technological advancements have led to a global rise in the usage of smart devices, which is causing several eye problems amongst the young demographic, such as astigmatism, hyperopia and myopia.

Moreover, there has been an escalated demand for designer and trendy eyeglasses and sunglasses amongst consumers to improve their appearance, which is supporting the market growth. Furthermore, governments of several nations are undertaking initiatives for spreading awareness regarding the availability of advanced eye treatment methods, driving the growth of the market further.

Click here to view detailed information with table of content: https://www.imarcgroup.com/eyewear-market

Competitive landscape

The competitive landscape of the eyewear industry has also been examined, with some of the market players being Luxottica Group S.p.A., Essilor International SAS, Johnson & Johnson Vision Care, Inc., Safilo Group S.p.A. and Alcon Vision LLC.

Market Summary:

On the basis of the product, spectacles represent the most popular eyewear product. Other major product types include sunglasses and contact lenses.

Based on gender, unisex eyewear products dominate the market, accounting for majority of the market share. These products are followed by products for women and men.

Based on the distribution channel, the market has been divided into optical stores, independent brand showrooms, online stores and retail stores. Amongst these optical stores represent the most extensive distribution channel.

Region-wise, Europe exhibits a clear dominance in the market. Other major regions are North America, Asia Pacific, Latin America, and Middle East and Africa.

Biggest Top Eyeglasses Companies in Eyewear Industry:- https://www.imarcgroup.com/top-5-companies-operating-global-eyewear-industry

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.

The latest research study, “Portable Generator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” has been added by IMARC Group. The global portable generator market size reached US$ 4.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2027, exhibiting a CAGR of 6.49% during 2022-2027.

COVID-19 Impact Analysis

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

A portable generator is an engine-driven generator that provides alternating current (AC) for non-hardwired and standalone applications. It consists of various components, such as a fuel tank, alternator, starter, and internal combustion engine, which are mounted together in an electric generation unit. The portable generator can be moved from one place to another if required. It provides electricity for temporary purposes and in situations of emergency power outages. It is generally powered by gas or diesel and can directly power electrical appliances like freezers, televisions, and refrigerators.

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Global Portable Generator Industry Trends and Drivers:

The global portable generator market is primarily driven by the expanding construction industry. Portable generators are used to operate power tools, including drills, drives, compressors, and air hammers. They are also employed in new construction projects to ensure an uninterrupted power supply due to the increasing population and the lack of dependable grid infrastructure worldwide. Besides this, frequent occurrences of power outages have led to the adoption of standby power sources that meet the requirements of reliable and regular electricity supply. Furthermore, the increasing environmental concerns have resulted in the introduction of portable generators that can be powered by biofuels and other sustainable energy sources. Market players are also introducing variants with improved flexibility, high cost-efficiency, easy installation process, and enhanced durability.

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Market Summary:

On the basis of the fuel type, the market has been classified into portable gas generators, portable diesel generators, and others. Among these, portable diesel generators represent the most preferred fuel type.

Based on the application, the market has been segregated into the residential, commercial, industrial, and infrastructure sectors. Currently, the residential sector holds the largest market share.

On the basis of the power output, portable generators with less than 3 kW output account for the majority of the overall market share. Other segments include 3-10kW and more than 10kW.

Region-wise, the market has been divided into Asia Pacific, North America, Middle East and Africa, Europe, and Latin America. Amongst these, Asia Pacific holds the leading position in the market.

The competitive landscape of the market has been examined, with some of the key players being Cummins Inc., Eaton Corporation PLC, Briggs & Stratton Corporation, Generac Power Systems, Inc., and Honda Motor Co., Ltd.

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.

The latest report by IMARC Group, titled “Indian Biodegradable Sanitary Napkin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the Indian Biodegradable Sanitary Napkin market.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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The Indian biodegradable sanitary napkin market reached a value of US$ 12.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 70.2 Million by 2027, exhibiting a CAGR of 35.1% during 2022-2027. A sanitary napkin is a small pad made of absorbent materials that is used to absorb menstrual fluid during the menstrual cycle. It absorbs and holds menstrual fluid throughout the day and provides comfort to the user, often known as a sanitary or menstruation pad. To reduce leakage, disposable sanitary napkins made of polyethylene, polypropylene, and superabsorbent polymers (SAP) are widely available on the market. Furthermore, they are packed in plastic bags that are not biodegradable in nature.A significant increase in their usage, especially across developing economies like India, poses risks to women’s health as well as the environment. Consequently, biodegradable variants made up of cotton, corn starch, and bamboo and banana fibers have recently been introduced in the Indian market and are gaining rapid popularity among individuals.

Indian Biodegradable Sanitary Napkin Market Trends:

Rising awareness about personal hygiene among Indian women is the key factor propelling the market growth. Since biodegradable sanitary napkins do not consist bleach, perfume or any other kind of chemicals, their usage is considered less damaging to the vaginal skin. They are also believed to reduce the chances of developing allergic reactions considerably. Furthermore, growing environmental consciousness is also contributing significantly to the market growth. Biodegradable sanitary napkins are considered a sustainable alternative to the conventionally used pads and can also be easily disposed of in soil without causing any damage to the environment. Apart from this, the Government of India is actively promoting the usage of safe and environment-friendly personal hygiene products. It is engaging in partnerships and collaborations with various private entities and non-government organizations (NGOs) for the manufacturing of biodegradable and cost-effective pads. It is also making significant efforts in making these pads available to all the women across the country including the remotest corners of the rural habitat. For instance, it recently launched extremely affordable biodegradable sanitary napkins called ‘Suvidha’ to promote personal hygiene among underprivileged women.

Competitive Landscape

The competitive landscape of the market has also been analyzed in the report with some of the major players operating in the market being

Carmesi,

Saathi,

Heyday,

Anandi

Sakhi.

Click here to view detailed information with table of content: https://bit.ly/2PO1Wfh

Insights on Market Segmentation:

On the basis of the material type, the market has been divided into bamboo-corn, cotton, banana fiber and others. Amongst these, bamboo-corn represents the most preferred type.Based on the distribution channel, the market has been bifurcated into online and offline channels, wherein the offline segment exhibits a clear dominance in the market.On the geographical front, Maharashtra holds the leading position in the market, accounting for the majority of the total market share. Other major regions include Gujrat, Delhi-NCR, Tamil Nadu and Karnataka.

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

USA: +1-631-791-1145

Email: sales@imarcgroup.com

Website: https://www.imarcgroup.com

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