Business Tourism Market, By Service (Transport, Food & Lodging, Recreation activity, Others), By Industry (Corporate and Government), By Traveler Type (Solo and Groups), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Afric
Business Tourism Market, By Service (Transport, Food & Lodging, Recreation activity, Others), By Industry (Corporate and Government), By Traveler Type (Solo and Groups), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Global business tourism market has witnessed significant growth over the past few years. Business tourism refers to travels undertaken for purposes of business interactions, conferences, exhibitions, trade shows and other business events. It contributes substantially to the GDP of many economies globally. Various factors such as rising globalization of businesses, increasing number of large scale business events, and digital transformation across industries have boosted growth of the business tourism market. Many destinations have also recognized business tourism as an opportunity to drive revenues and have taken initiatives to attract more MICE (Meetings, Incentives, Conferences and Exhibitions) travelers. However, the COVID-19 pandemic severely impacted the market in the last couple of years.
Market Dynamics:
The key drivers fueling the business tourism market include rapid globalization of industries necessitating more business interactions, partnerships and trades across borders. Growing focus on networking, business development and marketing initiatives through large conferences, exhibitions and trade shows also supports the market growth. However, factors such as economic slowdowns negatively impacting corporate budgets for travel and events coupled with risk of global health pandemics pose challenges. The market witness opportunities in resumption of business activities post gradual normalization from COVID-19, destinations promoting their MICE potential through various initiatives and growing preference for digital or hybrid business events.
Key Features of the Study:
This report provides in-depth analysis of the global business tourism market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global business tourism market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Adelman Travel Group, Wexas Travel, American Express Global Business Travel, BCD Travel, Carlson Wagonlit Travel (CWT), Expedia Group, Flight Centre Travel Group, Hogg Robinson Group (HRG), HRG North America, Corporate Travel Management (CTM), Egencia, FCM Travel Solutions, HRG Nordic, Omega World Travel, Sabre Corporation, Thomas Cook Group, Travel Leaders Group, Travel and Transport, TUI Group, World Travel, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global business tourism market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global business tourism market.
Detailed Segmentation-
Service:
Transport
Food & Lodging
Recreation activity
Others
Industry:
Corporate
Government
Traveler Type:
Solo
Groups
Regional:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
Adelman Travel Group
Wexas Travel
American Express Global Business Travel
BCD Travel
Carlson Wagonlit Travel (CWT)
Expedia Group
Flight Centre Travel Group
Hogg Robinson Group (HRG)
HRG North America
Corporate Travel Management (CTM)
Egencia
FCM Travel Solutions
HRG Nordic
Omega World Travel
Sabre Corporation
Thomas Cook Group
Travel Leaders Group
Travel and Transport
TUI Group
World Travel, Inc.
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Material Type
Market Snippet, By Packaging Type
Market Snippet, By End User
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend
4. Global Recyclable Packaging Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Recyclable Packaging Market – COVID-19
Impact Analysis
5. Global Recyclable Packaging Market, By Material Type, 2019-2031 (US$ Bn & KT)
Introduction
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Glass
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Paper
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Plastic
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Tinplate
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Wood
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Aluminum
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Others (Biodegradable plastics, etc.)
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
6. Global Recyclable Packaging Market, By Packaging Type, 2019-2031 (US$ Bn & KT)
Introduction
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Corrugated Boxes
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Wraps
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Pouches
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Jars
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Others
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
7. Global Recyclable Packaging Market, By End User, 2019-2031 (US$ Bn & KT)
Introduction
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Cosmetics & Personal care
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Food & Beverage
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Logistics
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Healthcare
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
Others
Market Share Analysis, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, 2019 - 2031
Segment Trends
8. Global Recyclable Packaging Market, By Region, 2019-2031 (US$ Bn & KT)
Introduction
Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2019 - 2031
North America
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2019 - 2031
Market Size and Forecast, By Material Type, 2019- 2031 (US$ Bn & KT)
Market Size and Forecast, By Packaging Type, 2019- 2031 (US$ Bn & KT)
Market Size and Forecast, By End User, 2019- 2031 (US$ Bn & KT)
Countries
U.S.
Canada
Latin America
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2019 - 2031
Market Size and Forecast, By Material Type, 2019- 2031 (US$ Bn & KT)
Market Size and Forecast, By Packaging Type, 2019- 2031 (US$ Bn & KT)
Market Size and Forecast, By End User, 2019- 2031 (US$ Bn & KT)
Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2019 - 2031
Market Size and Forecast, By Material Type, 2019- 2031 (US$ Bn & KT)
Market Size and Forecast, By Packaging Type, 2019- 2031 (US$ Bn & KT)
Market Size and Forecast, By End User, 2019- 2031 (US$ Bn & KT)
Countries
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2019 - 2031
Market Size and Forecast, By Material Type, 2019- 2031 (US$ Bn & KT)
Market Size and Forecast, By Packaging Type, 2019- 2031 (US$ Bn & KT)
Market Size and Forecast, By End User, 2019- 2031 (US$ Bn & KT)
Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Country, 2019 - 2031
Market Size and Forecast, By Material Type, 2019- 2031 (US$ Bn & KT)
Market Size and Forecast, By Packaging Type, 2019- 2031 (US$ Bn & KT)
Market Size and Forecast, By End User, 2019- 2031 (US$ Bn & KT)
Sub-regions/Countries
GCC Countries
Israel
Rest of Middle East & Africa
9. Competitive Landscape
Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
Amcor
Company Overview
Material Type Portfolio
Recent Developments/Updates
Tetra Laval
Company Overview
Material Type Portfolio
Recent Developments/Updates
Ardagh Group SA
Company Overview
Material Type Portfolio
Recent Developments/Updates
Ball Corporation
Company Overview
Material Type Portfolio
Recent Developments/Updates
Elopak AS
Company Overview
Material Type Portfolio
Recent Developments/Updates
Emerald Packaging
Company Overview
Material Type Portfolio
Recent Developments/Updates
PlastiPak Holdings Inc.
Company Overview
Material Type Portfolio
Recent Developments/Updates
Sealed Air Corporation
Company Overview
Material Type Portfolio
Recent Developments/Updates
Uflex Limited
Company Overview
Material Type Portfolio
Recent Developments/Updates
WestRock Company
Company Overview
Material Type Portfolio
Recent Developments/Updates
Be Green Packaging
Company Overview
Material Type Portfolio
Recent Developments/Updates
DS Smith
Company Overview
Material Type Portfolio
Recent Developments/Updates
DuPont
Company Overview
Material Type Portfolio
Recent Developments/Updates
Evergreen Packaging
Company Overview
Material Type Portfolio
Recent Developments/Updates
Mondi
Bemis Company
Graham
International Paper
TIPA Corp
Nampak
Company Overview
Material Type Portfolio
Recent Developments/Updates
10. Analyst Recommendation
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. Section
References
Research Methodology
About Us and Sales Contact
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