Global Humidity Indicator Plug Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 230.00 Million |
 Market Size (Forecast Year) |
USD 350.31 Million |
 CAGR |
% |
| Major Markets Players |
|
Global Indicator Plug Market, By Material (Aluminium, Brass, Stainless Steel), Application (Containers, Electronic Enclosures, Moisture-Vapour-Proof Bags, Others), End User (Food Industry, Electronics Industry, Aerospace and Defence, Logistics Industry, Others) – Industry Trends and Forecast to 2029.
Humidity Indicator Plug Market Analysis and Size
Humidity indicator plugs are commonly used to monitor and detect the several humidity levels inside the closed packaged tanks and containers. Humidity indicators plugs can be used in optical cavities, electronic enclosures and flexible moisture-vapor-proof bags to measure the changes in relative humidity. These humidity indicator plugs are accessible in a variety of indicators per the consumer's need and the increasing ability of the plugs to provide an exact measurement of the humidity of the tanks and container without opening it will encourage the humidity indicator plugs market growth.
Data Bridge Market Research analyses that the humidity indicator plug market was valued at USD 230.00 million in 2021 and is expected to reach USD 350.31 million by 2029, registering a CAGR of 5.40 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Humidity Indicator Plug Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Historic Years |
2020 (Customizable to 2014 - 2019) |
|
Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
|
Segments Covered |
Material (Aluminium, Brass, Stainless Steel), Application (Containers, Electronic Enclosures, Moisture-Vapour-Proof Bags, Others), End User (Food Industry, Electronics Industry, Aerospace and Defence, Logistics Industry, Others) |
|
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa |
|
Market Players Covered |
Clariant (Switzerland), AGM Container Controls, Inc (U.S.), Protective Packaging Corporation (U.S.), Drytech, Inc. (U.S.), Goodwin Robbins Packaging Company Inc. (U.S.), ONE STEP (Dongguan) Packing Material Co., Ltd. (China), Envirotronics. And James Dawson Entreprises Ltée/Ltd (U.S.), Delta Enterprises (U.S.), Cole-Parmer Instrument Company, LLC. (U.S.), Stratotech LLC (U.S.), Merck KGaA (Germany), Prestige Technology (S) Pte. Ltd. (Singapore); Mouser Electronics, Inc (U.S.), Nippon Instruments (India) Pvt Ltd (U.S.), 3M (U.S.), Desiccare (U.S.), IMPAK CORPORATION (U.S.), Advantek (U.S.) |
|
Market Opportunities |
|
Market Definition
Humidity indicator plugs is small and are screwed into the wall of tanks and containers and feature a clear window fitted with a humidity indicator discs. These Humidity indicator plugs measure the interior relative humidity levels while being read from outside the tanks and container. The discs change colour as the interior humidity of the container upsurges.
Global Humidity Indicator Plug Market Dynamics
Drivers
- Rising adoption in several end-user industry
Growing adoption of the humidity indicator plugs to maintain the humidity in the increasing number of applications in several industries such as electronics, logistics, aerospace, and others for monitoring the humidity levels for long term are some of the major factors which are expected to increase the growth of the humidity indicator plug market during forecast period.
- High demand in electronic industry
Humidity Indicator plugs are designed for mounting in moisture-sensitive electronic or electro-optic devices. They readily detect the changes in the humidity of the space which being monitored by using a color change indicator paper that turns from blue to pink as the humidity rises and turns back to blue when the humidity reduces. The rising demand of humidity indicator plugs in electronic industry are expected to drive the revenue growth of the market.
Opportunities
- New launches
Major manufacturers continuously focus on providing innovative and affordable humidity indicator plugs to attract the small scale industry market players. For Instance, ONE STEP (Dongguan) Packing Material Co., Ltd, one of the manufacturers of the humidity indicator plugs, has introduced a cost-effective humidity plugs in the market. So, the growing number of new launches will boost the new market opportunities for the market's growth rate.
Also, the growth of the end user industries with rapid industrialization in developing countries will further contribute by creating profitable opportunities which will led to the growth of the humidity indicator plug market in upcoming years.
Restraints/ Challenges
- Lack of awareness
Lack of awareness regarding the product's benefits among consumers in developing countries and unavailability of key manufacturers of the humidity indicator plug which will be expected to act as major market restraints factor for the growth of the humidity indicator plug during forecast period.
This humidity indicator plug market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the humidity indicator plug market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Humidity Indicator Plug Market Scope
The humidity indicator plug market is segmented on the basis of material, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Aluminium
- Brass
- Stainless Steel
Application
- Containers
- Electronic Enclosures
- Moisture-Vapour-Proof Bags
- Others
End User
- Food Industry
- Electronics Industry
- Aerospace and Defence
- Logistics Industry
- Others
Humidity Indicator Plug Market Regional Analysis/Insights
The humidity indicator plug market is analysed and market size insights and trends are provided by material, application and end-user as referenced above.
The countries covered in the humidity indicator plug market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
North America dominates the humidity indicator plug market in terms of market. This is due to the increasing demand for humidity indicator plug in this region. The North America region leads the humidity indicator plug market due to the product's increasing demand and the expansion of several end user industries in this region.
During the projected period, Asia Pacific is projected to be the fastest developing region due to the growth of the food and logistics industries in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Humidity Indicator Plug Market Share Analysis
The humidity indicator plug market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to humidity indicator plug market.
Some of the major players operating in the humidity indicator plug market are:
- Clariant (Switzerland)
- AGM Container Controls, Inc (U.S.)
- Protective Packaging Corporation (U.S.)
- Drytech, Inc. (U.S.)
- Goodwin Robbins Packaging Company Inc. (U.S.)
- ONE STEP (Dongguan) Packing Material Co., Ltd. (China)
- Envirotronics. And James Dawson Entreprises Ltée/Ltd (U.S.)
- Delta Enterprises (U.S.)
- Cole-Parmer Instrument Company, LLC. (U.S.)
- Stratotech LLC (U.S.)
- Merck KGaA (Germany)
- Prestige Technology (S) Pte. Ltd. (Singapore)
- Mouser Electronics, Inc (U.S.)
- Nippon Instruments (India) Pvt Ltd (U.S.)
- 3M (U.S.)
- Desiccare (U.S.)
- MPAK CORPORATION (U.S.)
- Advantek (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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