The PLM CP&R market globally is expected to grow with a CAGR of 10.9% during the forecast period from 2019 to 2027, starting from US$ 2.07 Bn in 2018. Rising retail & consumer goods industry and growing demand for product life cycle management are the major growth factors for the market. Use of PLM as a strategic enabler by corporations is another major factor for the market growth. PLM helps in transforming people & processes, enables innovative, time saving and cost effective solutions for procedures.
The global market value for gems & jewelry is expanding at a CAGR of 5.1% during the forecast period from 2018 to 2026. Asia Pacific led the gems & jewelry market in 2017 and expected to remain dominant during the forecast period. North America expected to be the fastest growing market during the forecast period.
Globally, the connected retail market is expected to grow with a CAGR of 20.6% during the forecast period from 2019 to 2027 and had registered a market value of US$ 15.40 Bn in 2018. Connected retail is defined as a connection between the customer and the retail stores with the help supply chain, personalized marketing, varied payment options, a combination of the physical store and digital experience, and allowing the capability to employees to collaborate more effectively.
Global food container market has been expected to grow at the CAGR of 6.1 % during 2016-2022.As the food products need to be preserved for a long duration, they are packed in extremely durable and protective containers. An amplified demand for ready-to-eat food has brought about a revolution in the packaging industry. The food packaging market is observing the emergence of many innovative and new packaging containers and techniques that can upsurge the shelf life of a product.
The retail analytics market has generated the revenue of $2.2 billion in 2015 and now it has been expected to reach $5.9 billion by 2022, with a compound annual growth rate (CAGR) of 19.4% during 2016-2022. Retailers are dealing with demanding customers who are more informed and judicious about the products, because of blissful presence of advanced media and technology. Customers are highly influence by digital media and they are smart enough to influenceothers through various sources.
The market growth of global industrial fasteners will be high over the forecasted period as the demand of fasteners in automotive industry is increasing. Also the growing construction industry and industrialization is increasing in developing countries such as China, India, Poland and Brazil will increase the demand of fasteners globally.
The global ceramic tiles market is expected to grow at the CAGR of 9% during 2015-2022 and it estimated to be $125 billion by 2022. Ceramic tiles are made of mixture of clay sand and natural products. With the help of modular this mixture is molded in a required shape and size and heated at very high temperature. The high growth of construction activities globally is the key driver for the ceramic tiles market.
The global low profile additives market is expected to grow at the CAGR of 5.6% during 2015-2022 and it is estimated to be $1.2 billion by 2022. The global low profile additives market is majorly driven by significant demand in automotive and construction industry. Huge investment in low profile additives market is expected to boost the market in next few years.