Increasing adoption of applications from third parties and increasing cyber-attack are the significant drivers of the market.

Market Size – USD 2.97 Billion in 2018, Market Growth - CAGR of 3.7% between 2019 and 2026, Market Trends – Increasing innovative developments in industrial sector and growth in food & beverage industry

NEW YORK, April 24, 2019 (GLOBE NEWSWIRE) -- The HVAC Rental Equipment Market is projected to register a CAGR of 5.4% by 2026, to reach USD 6.29 Billion in 2026 from USD 4.07 Billion in 2018. The increasing demand from the food and beverage industry is one of the main drivers of this market. In expanding economic opportunities, the food and beverage industry plays a key role. The industry is recording growing changes in the pattern of consumption. The increasing disposable incomes of people, especially in APAC, are driving change.

The significant players in the market are Fuji Seal International (Japan), Huhtamaki Group (Finland), Coveris Holding (U.S.), CCL Industries (Canada), Constantia Flexibles GmbH (Austria), Cenveo Inc. (U.S.), and Multicolor Corporation (U.S.)

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The latest market-driven trend is increasing strict regulations on the use of refrigerants in Europe. In many countries around the world, the growing demand for manufactured refrigerants for use in air conditioners is a major concern. These refrigerants are an important source of greenhouse gasses contributing to global warming worldwide.

Low preference for rental services is one of the main factors that hinder this market's growth. One of the main challenges affecting the growth of the global HVAC rental market is that people still tend to buy and sell equipment after its intended purpose has been met.

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Further key findings from the report suggest

  • The In-Mold Labels market is expected to grow from USD 2.97 Billion in 2018 to USD 4.01 Billion by 2026, at a CAGR of 3.7%. Due to innovative developments in the industrial sector, growth in the food and beverage industry and increased demand for eco - friendly and high - performance labels, the market for in - mold labels is growing.
  • Polypropylene had the largest market share in volume and value on the basis of material in 2018 at a CAGR of 5.67%. Due to its effective moisture resistant properties, it has become an essential labeling material. It is used to label various consumer and industrial products, such as food, barcode labels and retail labels, in-mold.
  • Injection molding technology was, in terms of volume and value, the most widely used production process for in-mold labels among other technologies. Most in-mold labels are used in injection molding applications because they help the labels to have a three-dimensional effect on various products such as food and beverages, cosmetics and automotive parts.
  • Flexographic printing is expected to hold the largest market share based on printing technology during the forecast period with revenue of USD 1.01 Billion in 2026. This printing technology makes it easier to mold different types of polymers on a wide range of porous and non-porous surfaces.
  • In 2018, the food and beverage segment was the largest market share and is expected to maintain its dominance during the forecast period. This growth is due to increasing consumer awareness of trends in packaged food and increased container and bottled packaging consumption.
  • North America is projected to grow at the highest rate between 2019 and 2026 at a CAGR of 8.21%, owing to the presence of key market players and changing government policies on sustainable labels, which have affected the performance of the market for in - mold labels.

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Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the Market on the basis of type, application-type, deployment, industry, organization and region:

Type (Revenue, USD Million; 2016-2026)

  • Solution
  • Services

Application Outlook (Revenue, USD Million; 2016-2026)

  • Web Application
  • Mobile Application

Deployment (Revenue, USD Million; 2016–2026)

  • On-Premises
  • Cloud

Industry (Revenue, USD Million; 2016–2026)

  • Government & Defense
  • BFSI
  • IT & Telecom
  • Healthcare
  • Retail
  • Manufacturing
  • Others

Organization (Revenue, USD Million; 2016–2026)

  • Large Enterprises
  • SMEs

Regional Outlook (Revenue, USD Million; 2016-2026)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
  • Latin America
    • Brazil
  • Middle East & Africa

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