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Floor POP Display Market to USD 4 billion in 2031, at a CAGR of ~6% during the forecast period

Key Companies Covered in the Market Research are Sonoco Products Company, DS Smith Plc, Smurfit Kappa Group PLC, Georgia-Pacific LLC, WestRock Company, FFR Merchandising Company, U.S. Corrugated, Inc., Marketing Alliance Group, etc. and other key market players.

The global Floor POP Display Market  is estimated to garner a revenue of approximately USD 4 Billion by the end of 2031, by growing at a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. Floor POP displays are gaining significance in driving impulsive consumer demand in supermarkets and groceries. The rapid strides of the retail sector in the emerging economies have spurred the need for such brand messaging. Focus of players to develop floor displays that are suitable for printing in finer details has extended the scope of customization, thus opening several lucrative avenues for manufacturers.

CRIFAX added a new market research report on ‘Global (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Russia, China, India, Japan, Australia, South Korea, Malaysia, Brazil, Mexico, Argentina, GCC, South Africa) Floor POP Display Market , 2022-2031’to its database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game. Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with challenges that are affecting the growth of the market are also stated in the report.

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 Be it artificial intelligence (AI), internet of things (IoT) or digital reality, the increased rate of technological advancements around the world is directly proportional to the growth of global Floor POP Display Market . In the next two years, more than 20 billion devices are predicted to be connected to internet. With hundreds of devices getting connected to internet every second, the worldwide digital transformation in various industries is estimated to provide value-producing prospects in the global Floor POP Display Market , which is further anticipated to significantly boost the market revenue throughout the forecast period, i.e., 2022-2031.

In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country’s goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.

On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

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From last two decades, the investments by ICT industry has contributed extensively in strengthening the developed, developing and emerging countries’ economic growth. According to the statistics provided by United Nations Conference on Trade and Development (UNCTAD), the total export (%) of ICT goods such as computers, peripheral, communication and electronic equipment among other IT goods around the world grew from 10.62% in 2011 to 11.51% in 2017. The highest was recorded in Hong Kong, with 51.7% in 2017, followed by Philippines, Singapore and Malaysia. Additionally, growth in global economy coupled with various initiatives proposed by governments of different nations to meet their policy objectives is estimated to hone the growth of the global Floor POP Display Market  in upcoming years.

Not only the ever growing IT sector brings with it numerous advancements, it also creates fair amount of challenges when it comes to security concerns pertaining to data storage among the users. With increasing availability of internet access leading to rising number of internet users, there is vast amount of user information that is being stored online through cloud services. This has driven many nations to compile laws (such as European Union’s GDPR and U.S.’s CLOUD Act) in an attempt to protect their citizens’ data. In addition to that, the growth of the global Floor POP Display Market  might also be obstructed by lack of skilled professionals. To overcome this obstacle, companies should focus on providing skills and required training to their workforce, in order to keep up in this digital era.

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Furthermore, to provide better understanding of internal and external marketing factors, the multi-dimensional analytical tools such as SWOT and PESTEL analysis have been implemented in the global Floor POP Display Market  report. Moreover, the report consists of market segmentation, CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y growth (%), Porter’s five force model, absolute $ opportunity and anticipated cost structure of the market.

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CRIFAX is driven by integrity and commitment to its clients, and provides cutting-edge marketing research and consulting solutions with a step-by-step guide to accomplish their business prospects. With the help of our industry experts having hands on experience in their respective domains, we make sure that our industry enthusiasts understand all the business aspects relating to their projects, which further improves the consumer base and the size of their organization. We offer wide range of unique marketing research solutions ranging from customized and syndicated research reports to consulting services, out of which, we update our syndicated research reports annually to make sure that they are modified according to the latest and ever-changing technology and industry insights. This has helped us to carve a niche in delivering ‘distinctive business services’ that enhanced our global clients’ trust in our insights, and helped us to outpace our competitors as well.

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Floor POP Display Market to USD 4 billion in 2031, at a CAGR of ~6% during the forecast period

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