Industries Study Report: November 2023

Increasing Demand for Sports Leisure Apparel and Footwear drives Licensed Sports Merchandise Industry

Licensed Sports Merchandise Industry Data Book - Licensed Sports Apparel, Licensed Sports Footwear and Licensed Sports Toys & Games Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The economic value generated by the Licensed Sports Merchandise Industry was estimated at approximately USD 21,806.0 million in 2022 and is expected to grow at a CAGR of 5.2% by 2030

Grand View Research’s Licensed Sports Merchandise industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

Access the Global Licensed Sports Merchandise Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Licensed Sports Apparel Market Growth & Trends

The global Licensed Sports Apparel Market is expanding at a CAGR of 5.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The continuous innovation and introduction of new designs, materials, and technologies in sports apparel by manufacturers is a key factor driving the market growth. Advanced fabrics that offer comfort, performance-enhancing features, and stylish designs contribute to the popularity of licensed sports apparel. Incorporating cutting-edge technologies like moisture-wicking, temperature regulation, and compression attracts consumers, further driving the market growth. In addition, licensed sports apparel has become increasingly integrated into fashion and lifestyle trends. Sports jerseys, caps, sneakers, and athleisure wear have become popular streetwear and casual wear options. This broader acceptance and incorporation of licensed sports apparel into everyday fashion contribute to its growth and appeal among sports enthusiasts.

The rise of social media platforms has transformed the way fans engage with sports and apparel-related content. Athletes, influencers, and celebrities with large social media followings promote licensed sports apparel through sponsored posts and endorsements. These digital marketing strategies enhance visibility and create a desire among fans to own and wear the endorsed apparel. Additionally, licensed sports apparel often includes exclusive merchandise and limited-edition items. These products may feature special designs, commemorative elements, or unique collaborations, making them highly sought after by collectors and avid fans. Limited availability and the desire to own rare and distinctive apparel contribute to the market's growth.

Order your copy of the Free Sample of “Licensed Sports Merchandise Industry Data Book - Licensed Sports Apparel, Licensed Sports Footwear and Licensed Sports Toys & Games Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Licensed Sports Footwear Market Share, by Distribution Channel, 2022 (%)

Licensed Sports Footwear Market Growth & Trends

The global Licensed Sports Footwear Market size is projected to register a CAGR of 6.1% from 2023 to 2030, according to a new study by Grand View Research Inc. Licensed sports footwear is designed to enhance athletic performance. Footwear brands invest in research and development to incorporate advanced technologies, cushioning, stability, and traction features that improve comfort and performance, attracting athletes, sports enthusiasts, as well as sports fans increasing their adoption among them thus driving the market growth. In addition, nostalgia-driven designs and retro collections have a strong influence on the licensed sports footwear market. Footwear brands often release special editions and reissues of classic models and colorways associated with iconic sports moments or teams from the past. The nostalgia factor attracts fans who seek to relive sports history, contributing to the demand for licensed sports footwear.

Licensed sports footwear benefits from the reputation and quality assurance associated with established footwear brands. Consumers trust renowned brands for their expertise in designing and producing high-quality footwear thus driving the market growth. Moreover, sneaker culture, driven by collectors and enthusiasts, has extended to the licensed sports footwear market. Limited-edition releases, collaborations, and unique designs generate excitement among sneaker collectors and resellers. The collectability factor, driven by exclusivity and rarity, fuels demand and drives up the value of licensed sports footwear in the secondary market.

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Competitive Landscape

Key players operating in the Licensed Sports Merchandise industry are:

Hanesbrands Inc.
DICK’S Sporting Goods Inc.
Sports Direct International plc,
G-III Apparel Group, Ltd.
Fanatics Inc.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Cat Litter Industry: Based on Raw Material, Wood/Bamboo/Sawdust Segment to Grow Rapidly by 2030

Cat Litter Industry Data Book - Clumping and Conventional Cat Litter Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The economic value generated by the Cat Litter Industry was estimated at approximately USD 11.23 billion in 2022 and is expected to grow at a CAGR of 5% by 2030

Grand View Research’s cat litter industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

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Clumping Cat Litter Market Growth & Trends

The global Clumping Cat Litter Market is expanding at a CAGR of 5.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. Clumping cat litter offers a significant convenience advantage as it forms solid clumps when in contact with liquid waste. This makes it much easier for pet owners to scoop and remove the soiled litter from the litter box. The ability to quickly and efficiently clean the litter box saves time and effort, making clumping cat litter a popular choice for busy pet owners. Moreover, hygiene and cleanliness are also significant drivers for the adoption of clumping cat litter. The solid clumps formed by this type of litter can be easily removed, leaving behind clean litter for the cat to use. This regular removal of soiled litter helps to maintain a clean and sanitary environment in the litter box, reducing the risk of bacterial growth and unpleasant odors.

Consumers are more inclined to ease up the process of cleaning cat urine and feces through clumped litter owing to better scoopability and odor control. In addition, the rising availability of product varieties, including clay-based ultra and standard clumping, and biodegradable premium ultra-clumping, are likely increasing the adoption of clumping cat litter. Cat owners have the option to choose between the aforementioned product offerings, and their increasing availability is contributing to the segment’s growth.

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Conventional Cat Litter Market Share, by Raw Material, 2022 (%)

Conventional Cat Litter Market Growth & Trends

The global Conventional Cat Litter Market size is projected to register a CAGR of 4.3% from 2023 to 2030, according to a new study by Grand View Research Inc. Conventional cat litter tends to be more budget-friendly compared to specialized or alternative types of litter. This makes it an attractive option for pet owners who are cost-conscious or have multiple cats and need larger quantities of litter. According to a PetSafe site, the typical cost of clay-based conventional cat litter that requires to be replaced weekly is roughly USD 0.50., whereas, the average price of clumping litter is around USD 0.75 to USD 1.30. Clumping litter requires daily scooping with monthly replacement. The cost-effectiveness associated with conventional cat litter is expected to drive product sales in the market.

Another factor driving the adoption of conventional cat litter is its availability. Conventional litter is widely available in various stores and pet supply outlets, making it easily accessible to pet owners. The convenience of being able to purchase it locally or online without any specific requirements or limitations appeals to many cat owners. In addition, owing to increasing consumer awareness about health risks associated with dust particles, dust-free non-clumping litter is becoming popular among cat owners. Litters that minimize dust can help improve air quality in the home and reduce respiratory issues in both cats and their owners.

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Competitive Landscape

Key players operating in the Cat Litter industry are:

Kent Corporation
Intersand
RETTENMAIER & SÖHNE GmbH + Co KG (JRS)
Elsey's
Weihai Pearl Silica Gel Co., Ltd.

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Business Software Industry: Deployment Estimates and Trend Analysis, 2023 - 2030

Business Software Industry Data Book - Event Management Software, ERP Software and Quality Management Software Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The economic value generated by the Business Software Industry was estimated at approximately USD 71.11 billion in 2022 and is expected to grow at a CAGR of 11.3% by 2030

Grand View Research’s business software industry database is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Business Software Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

ERP Software Market Growth & Trends

The global ERP software market is anticipated to reach at USD 123.41 billion by 2030, expanding at a CAGR of 11.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing application of ERP software in the retail, banking, utility, healthcare, and government sectors is expected to drive market demand. Organizations gain from the software's increased operations, improved decision-making, and efficiency. As a result, the ERP software industry is expected to experience a significant increase in the forecast period offering a wide range of benefits to the stakeholders.

The cloud deployment of ERP software accounts for maximum revenue in 2022, owing to the COVID-19 pandemic's increased use of cloud-based ERP software. Additionally, a growing volume of sizable data and an increase in the advantages of cloud technology in terms of data & remote accessibility, cheap maintenance, security, and efficiency are gaining ground in the market. Additionally, this market is anticipated to expand more quickly due to advantages including quicker implementation and ease of installation.

Due to the widespread usage of ERP software for various financial management activities such as asset management, investment, cash flow management, and accounting, the finance function is expected to hold the greatest part of the market in 2022. Additionally, the growing demand for organizations to adopt ERP software solutions and track and record client payments, sales, and invoices encourage the category's expansion.

ERP software is widely used in the manufacturing and services segment in business activities such as inventory management, daily operations monitoring, customer services, day-to-day performance management, and production scheduling. With the rising adoption of IT infrastructure, the verticals such as healthcare, aerospace & defense, and government utilities are expected to capture a significant market share.

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Quality Management Software Market, by Enterprise Size, 2020 - 2030 (USD Billion)

Quality Management Software Market Growth & Trends

The global quality management software market size is projected to reach USD 20.66 billion by 2030, registering a CAGR of 10.6% from 2023 to 2030, according to a new study by Grand View Research Inc.This growth can be attributed to various factors such as controlling business operational risk and compliance, better supplier visibility & control, and effective business decisions across organizations. QMS improves operating margins by evaluating performance effectiveness and improving the quality of finished products. It aids in the promotion of consistent and proper record-keeping by increasing employee awareness and reducing wastage & unnecessary expenses.

The consistent usage of QMS helps in reducing the frequency of quality issues and identifying areas of improvement for organizations. QMS helps remarkably in gaining cost-efficiency, particularly in the areas of rework, scrap, warranty cost reduction, and field service. As these cost reductions have a direct impact on the bottom-line profits without incurring any additional costs, there can be a significant rise in productivity and profitability. Due to the growing numbers of customers across developing countries such as, China and India, various market players are expanding their footprints to these countries to stay competitive in the market.

For instance, in August 2023, EtQ Management Consultants, Inc., a quality and compliance management software provider, announced a reseller partnership with Trogen Business Consultants LLP, a quality management software provider based in India. Through this partnership, Trogen would sell the ETQ Reliance quality management system to customers across India.ETQ Reliance QMS, a comprehensive QMS solution, automates and streamlines quality operations, helping businesses reduce risks associated with non-compliance, product failures, recalls, and other issues, and improve the quality of their products and services.

QMS supports end-use industries and sectors such as pharmaceutical, aerospace & defense, manufacturing, and consumer goods & retail in enhancing the quality and availability of their offerings across the world. The pharmaceutical industry is focusing on enhancing pharmaceutical quality systems and prioritizing and identifying the quality of products, which can be achieved by adopting QMS. The system allows pharmaceutical companies to develop effective monitoring & control based on product quality. Pharmaceutical QMS also allows pharmaceutical companies to develop quality products, exercise control over suppliers, support data integrity, and maintain overall compliance.

Go through the table of content of Business Software Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Business Software industry are:

Microsoft Corporation
NetSuite, Inc.
Oracle Corporation
Rockwell Automation Inc.
Sage Group Plc
SAP SE

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Diagnostic Imaging Industry: Application Outlook and Competitive Insights

Diagnostic Imaging Industry Data Book - Computed Tomography, Magnetic Resonance Imaging, Nuclear Imaging, Ultrasound Device and X-ray Systems Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The economic value generated by the Diagnostic Imaging Industry was estimated at approximately USD 29.47 billion in 2022 and is expected to grow at a CAGR of 4.83% by 2030

Grand View Research’s diagnostic imaging industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

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Computed Tomography Market Growth & Trends

The global computed tomography market size is expected to reach USD 7,551.7 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.43% from 2023 to 2030. The increasing burden of chronic disorders, such as cardiovascular diseases and cancer, and the high demand for effective imaging tools are the factors driving growth. According to the International Agency for Cancer on Research, in 2020 globally there were about 19,292,789 new cancer cases with 9,958,133 deaths. The same source stated that the prevalence of cancer is predicted to increase to 50,550,287 by 2025. In addition, increasing demand for computed tomography (CT) systems in emergency care departments are expected to be a major driver during the forecast period.

Advanced technology with features such as dose management systems, the ability to diagnose tumors through motion (4D), artificial intelligence integration, and high-end material differentiation is expected to replace the existing conventional devices. In September 2021, GE Healthcare introduced the Revolution Ascend CT system, the technology that combines artificial intelligence (AI) to improve operational efficiency and patient comfort. The increasing number of favorable reimbursement policies by the government as well as private entities are also expected to drive the market at a lucrative pace. Growing demand for ambulatory diagnostic centers due to improving affordability and increasing reach of CT scanners to remote regions is expected to aid further growth.

Moreover, the inability of alternative imaging technologies to provide quick reports and at the same time be cost-effective boosts growth. These devices and this technology are also routinely upgraded, which is expected to further increase demand over the forecast period. Since the start of the COVID-19 pandemic, demand for CT scanners gradually increased. Large companies like Siemens Healthineers are known to sell over 200 CT scanners each year. The COVID-19 pandemic has resulted in a significant surge in CT scan equipment demand, with Siemens reporting sales of 80 to 100 units in only 45 days. Furthermore, due to increased demand for chest CT examinations in COVID-19 patients, major manufacturers increased the production capacity of the CT system.

Order your copy of the Free Sample of “Diagnostic Imaging Industry Data Book - Computed Tomography, Magnetic Resonance Imaging, Nuclear Imaging, Ultrasound Device and X-ray Systems Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Ultrasound Device Market Concentration

Ultrasound Devices Market Growth & Trends

The global ultrasound devices market size is expected to reach USD 13.07 billion by 2030, registering a CAGR of 4.03% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to experience steady growth during the forecast period. This is attributed to several factors such as increased adoption of ultrasonography for diagnostic and therapeutic applications, rising technological advancements, as well an increase in the number of product launches by key players operating in the market.

Emerging innovations in ultrasound technology are expanding the market size. Hand-held ultrasound devices have made the technology more accessible for use in limited-resource communities globally. Furthermore, the introduction of 3D/4D ultrasound and the integration of artificial intelligence (Al) to automate time-consuming processes are expected to propel market growth during the forecast period. For instance, in July 2023, Sonosite ST was introduced by FUJIFILM Sonosite ST. It has a 21-inch touchscreen with an all-touch interface, a 10" by 7.5" image area, automated setting optimization for each exam type, and Auto Steep Needle Profiling (SNP). To support system compatibility, Sonosite ST belongs to the same family of transducers as Sonosite PX and Sonosite LX.

The growing use of ultrasound equipment for diagnostic imaging and therapy, as well as the rising prevalence of chronic and lifestyle-related illnesses are the key factors anticipating the market’s growth. Ultrasound technology is used in various application areas such as cardiology, obstetrics/ gynecology, vascular, orthopedic, and general imaging. The rising prevalence of cardiac disorders is expected to boost the market globally. According to WHO, Cardiovascular diseases (CVDs) are the major cause of death globally, taking approximately 17.9 million lives each year. In addition, as per the Centers for Disease Control & Prevention, in the United States, every year about 805,000 people have a heart attack, and about 1 in 20 adults aged 20 and older has coronary artery disease (about 5%).

Go through the table of content of Diagnostic Imaging Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Diagnostic Imaging industry are:

Mindray Medical International Limited
Samsung Medison Co., Ltd.
FUJIFILM SonoSite, Inc.
Konica Minolta Inc.
Esaote

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Sheet Metal Industry Key Players Analysis: Tata Bluescope Steel and Baosteel Group

Sheet Metal Industry Data Book - Steel Sheet and Aluminum Sheet Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The economic value generated by the Sheet Metal Industry was estimated at approximately USD 215.72 billion in 2022 and is expected to grow at a CAGR of 2.8% by 2030

Grand View Research’s sheet metal sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a sheet metal statistics e-book.

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Steel Sheet Market Growth & Trends

The global Steel Sheet Market size is expected to expand at a CAGR of 2.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. Steel sheet products offer benefits such as high strength & quality, economic benefits, recycling ability, and low maintenance cost. Increasing demand for galvanized sheets in construction applications, such as awnings, balconies, ductwork, fences, industrial walkways, ladders, building frames, and handrails, is likely to fuel the growth of the market. In the automotive industry, steel sheets are used in the production of hoods, fenders, roofing, spring housing, and seating applications.

Sheet metal products have a high requirement in electric vehicles owing to the ability to produce a high volume of complex and precise parts. A significant rise in the production of EVs is expected to provide a lucrative opportunity for the sheet metal market. The global sales of EVs are surging rapidly. The recorded sales in 2020, 2021, and 2022 are 3.2 million, 6.7 million, and 10.5 million, respectively. China accounted for over 58.0% of global EV sales in 2022, with more than 6 million units sold in the country.

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Aluminum Sheet Demand, by Region, 2022

Aluminum Sheet Market Growth & Trends

The global Aluminum Sheet Market size is expected to register a CAGR of 3.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Sheet metal parts are used in aircraft engines, missile and defense components, aircraft panels, and various other high-precision equipment in these industries. Aluminum is the preferred material for application in the aerospace industry owing to its lightweight, effective cost, and high-strength characteristics. This is because the reduction in aircraft weight allows aviation companies to accommodate a large number of air passengers in their planes.

In terms of revenue, North America is projected to grow at a CAGR of 3.1% from 2023 to 2030. Investments in construction & infrastructure along with high volume production of vehicles are projected to act as growth factors for the region. Growing focus on the reduction of carbon dioxide emissions and sustainability is projected to provide a boost to the demand for aluminum over the coming years.

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Competitive Landscape

Key players operating in the Sheet Metal industry are:

JSW
Tata Bluescope Steel
Nippon Steel Corporation
POSCO
United States Steel

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Nylon Industry: Automobile Application Segment Dominated the Global Market in 2022

Nylon Industry Data Book - Nylon 6 and Nylon 66 Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The economic value generated by the Nylon Industry was estimated at approximately USD 32,659.4 million in 2022 and is expected to grow at a CAGR of 6.4% by 2030

Grand View Research’s nylon sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Nylon Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Nylon 6 Market Growth & Trends

The global Nylon 6 market size is expected to expand at a CAGR of 6.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Nylon 6 attracts significant demand from the carpet industry, particularly across Europe. Turkey is one of the highest importers of nylon for its sizeable textile industry based on nylon. The apparel industry is additionally witnessing propulsive growth due to consumer preference for experimenting with distinct raw materials.

Nylon 6 fabrics are smooth, dry quickly, and require minimal care. The advantages of nylon include water retention on the surface of the fabrics. Furthermore, nylon’s low permeability has a disadvantage in that the fabric feels clammy and uncomfortable in warm. They additionally retain their shape after washing.

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Nylon 66 Market Growth & Trends

The global Nylon 66 market size is expected to register a CAGR of 6.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. Nylon 66 has witnessed a rise in demand from the automotive industry for the manufacturing of fuel systems, engine components, under-the-hood components, and electrical connectors, due to its high resistivity to mechanical stress, heat, and chemicals.

Asia Pacific dominated the global nylon 66 market owing to the increasing disposable income and rising demand for automobiles across the growing population. In addition, the presence of inexpensive labor and the presence of major automotive manufacturers such as Honda Motor Company; Hyundai Motor Co.; Nissan Motor Co. Ltd.; and TOYOTA MOTOR CORP. is anticipated to propel the demand for nylon 66 during the forecast period.

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Competitive Landscape

Key players operating in the Nylon industry are:

BASF SE
LANXESS
Hunstman International LLC
AdvanSix, Inc.
Ube Industries, Ltd.

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Clinical Laboratory Industry: Segment Analysis by Test Type, 2018 - 2030 (USD Million)

Clinical Laboratory Industry Data Book - Clinical Laboratory Tests and Clinical Laboratory Service Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 – 2030

The economic value generated by the Clinical Laboratory Industry was estimated at approximately USD 321.20 billion in 2022 and is expected to grow at a CAGR of 5.52% by 2030

Grand View Research’s clinical laboratory industry data book is a collection of market sizing & forecasts insights, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses studies. Within the purview of the database, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.The following data points will be included in the final product offering in two reports and one sector report overview.

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Clinical Laboratory Tests Market Growth & Trends

The global clinical laboratory tests market size is expected to reach USD 213.04 billion by 2030, expanding at a CAGR of 9.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the clinical laboratory tests market is attributable to the rising prevalence of target diseases. The use of clinical laboratory tests is on a rise owing to the use of tests in a wide variety of diagnostic purposes that primarily focus on patient health leading to evaluating and formulating proper diagnosis and treatment.

The global geriatric population is increasing and is considered as being the greatest risk factor for the development of conditions, such as cardiovascular diseases and kidney dysfunction. According to WHO, the population aged above 60 years is expected to be 1 in every 6 people by 2030, which accounts for an increase from 1 billion in 2020 to 1.4 billion by 2030. In addition, the number of people aged 80 and above is projected to double to over 1.5 billion by 2050, and people aged above 80 years are expected to triple and reach 426 Billion. Thus, the growing geriatric population is expected to be a high-impact rendering driver for this market over the forecast period.

The growing prevalence of target diseases, such as CVD and diabetes, is anticipated to boost the market over the forecast period. CVD is fatal and leading cause of death worldwide. Presence of high unmet medical needs pertaining to cardiovascular diseases and the subsequent rise in patient awareness are among factors expected to boost the demand for point-of-care lipid testing. According to WHO, in 2021, cardiovascular diseases have been leading cause of mortality and morbidity worldwide in the last three decades, 17.7 Billion people die every year due to cardiovascular diseases, which is 31% of all the deaths worldwide.

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Clinical Laboratory Service Market shares, by test type and service providers segment, 2022 (%)

Clinical Laboratory Service Market Growth & Trends

The global clinical laboratory service market size is expected to reach USD 280.67 billion by 2030, registering a CAGR of 3.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the industry can be attributed to the increasing prevalence of the geriatric population, which, in turn, is propelling the demand for early disease diagnosis. The growing prevalence of target diseases, such as diabetes and Cardiovascular Diseases (CVDs), is a high impact-rendering driver for industry growth over the forecast period. Cardiovascular disease is the leading cause of death globally. The presence of unmet medical needs pertaining to disease management and the subsequent increase in patient awareness in more regions are expected to boost the demand for clinical laboratory testing.

Improvements in laboratory testing technology throughbreakthrough and incremental advances are high-impact-rendering drivers for industry growth. Market firms are engaged in introducing new services to serve the unmet demand of patients. For instance, in May 2022, Hamilton County entered into a partnership with Ethos Laboratories for the launch of no-cost COVID-19 testing sites. In July 2022, Mayo Clinic laboratories launched monkeypox tests to increase availability and accessibility to a wider target population. Moreover, in January 2022, Quest Diagnostics launched COVID-19 rapid antigen tests available through QuestDirect in collaboration with eMed to provide access to testing for COVID-19 at home. The pandemic affected millions of people globally. According to the CDC and WHO, the standard for diagnosis of COVID-19 is RT-PCR for samples from the respiratory tract.

The adoption of PCR technology for the diagnosis of COVID-19 and the genetic sequencing of the virus for the development of a cure is driving the industry. Due to this pandemic, there is an increase in the approval of tests for the diagnosis of the novel coronavirus, with most of these tests approved under Emergency Use Authorization (EUA) by federal agencies. Furthermore, the industry operates through different sales channels—laboratories and hospitals. The presence of prominent players in various regions is expected to drive the industry. For instance, in February 2022,Labcorp entered into a comprehensive partnership with Ascension. Through this collaboration, Labcorp will handle Ascension’s hospital-based labs situated in ten states for buying assets for its outreach laboratory business.

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Competitive Landscape

Key players operating in the Clinical Laboratory industry are:

NeoGenomics Laboratories
Healthscope
Labco
Laboratory Corporation of America Holdings
Fresenius Medical Care AG & Co. KGaA

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Bioplastics Industry: Packaging Application Led the Market with a Revenue Share of More than 62.0% in 2022

Bioplastics Industry Data Book - Biodegradable Plastic, Polylactic Acid (PLA), Bio-based Polyurethane (PU) and Biopharma Plastics Market Size, Share, Trends Analysis, and Segment Forecasts, 2022 - 2030

Grand View Research’s bioplastics sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book.

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Biodegradable Plastics Market Growth & Trends

The global biodegradable plastics market size is projected to reach USD 10.0 billion by 2030, according to a report by Grand View Research, Inc., rising at a CAGR of 16.2% during the forecast period. The increasing use of biodegradable plastics, owing to strict governmental laws prohibiting the use of conventional plastics, coupled with growing awareness among the public towards the ill effects of plastic waste is stoking the growth of the market. The above factors are expected to spur market growth during the forecast period.

Biodegradable plastics are plastics that decompose in the environment within a reasonable period. Biodegradable plastics are made up of renewable raw materials. Many of these plastics require biodegradable additives to enhance the biodegradation process and some may require a specific environment to disintegrate. Time taken by plastics to decompose depends upon various factors such as raw materials used and environmental conditions such as moisture and temperature.

The starch-based segment leads the global market. Starch-based plastics are used in various applications such as packaging, consumer electronics, agriculture, automotive, and textiles. PLA is also one of the most consumed biodegradable plastic-type. It is used in 3D printing, mulch film, and packaging.

Packaging is the leading application of biodegradable plastics. A ban on plastics by European Commission is anticipated to drive the segment during the forecast period. Novel applications of biodegradable plastics in the medical sector for drug encapsulation and medical surgeries are being increasingly practiced.

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Polylactic Acid Market Growth & Trends

The global polylactic acid market size is expected to reach USD 2,772.93 million by 2030, registering a CAGR of 16.8% over the forecast period, according to a new study by Grand View Research, Inc. Rising environmental concerns, improving awareness among consumers, and stringent government regulations are contributing to eliminating the use of non-biodegradable plastics, which, in turn, is driving the growth of the polylactic acid (PLA) market. Polylactic acids are bio-sourced, and break down faster as compared to petroleum-based plastics. Due to their decreased carbon footprint, they get preference over traditional plastics. The rising emphasis on sustainable products is a key factor driving the growth of the flexible packaging industry, which is expected to result in reduced consumption of petroleum-based products and a shift toward bio-based alternatives.

Moreover, PLA is increasingly being used to manufacture single-use packaging materials that include shopping bags and disposable cutlery, which is likely to boost its demand over the forecast period. PLA is an environmentally friendly alternative to traditional plastics, notably in flexible and rigid packaging applications, as it is bio-based, compostable, and biodegradable. Bioplastics are expected to witness significant growth in their demand in the market. Rising demand for flexible packaging in various countries, including India, Saudi Arabia, China, Japan, and Germany, is further expected to fuel the demand for PLA.

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Competitive Landscape

Key players operating in the Bioplastics industry are:

An Phat Holdings
NatureWorks LLC
SABIC
BASF SE
Futerro

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Blister Packaging Industry: Value Addition and Profit Margin Analysis, 2023 - 2030

Blister Packaging Industry Data Book - Healthcare, Consumer Goods, Industrial Goods and Food & Confectionary Blister Packaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Blister Packaging Industry was estimated at USD 27.09 billion in 2022 and is anticipated to increase at a significant CAGR of 7.2% from 2023 to 2030.

Grand View Research’s blister packaging sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

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Healthcare Blister Packaging Market Growth & Trends

Healthcare is one of the largest markets with a significant impact on the global economy and is constantly growing at a significant rate owing to the rising population around the globe. Changing lifestyles, high rates of urbanization, and increased per capita income are driving the demand for healthcare facilities, which, in turn, is driving the blister packaging industry.

The global healthcare blister packaging market is expected to witness growth on account of rising demand for pharmaceutical drugs and materials in developed and developing economies, increasing demand from healthcare end-use industries for tamper-evident packaging designs provided by blister packaging solutions, and their high visibility properties. A shift in consumer preference from traditional packaging for healthcare materials to tamper-evident designed unit-dose blister packaging solutions and their cost-effective properties is driving the blister packaging market.

Several key companies are collaborating and adopting acquisition strategies to strengthen their market positions in the blister packaging market. For instance, in June 2022, VisiPak, a packaging division of Sinclair & Rush, Inc., announced the acquisition of INDEPAK, Inc., a U.S.-based packaging manufacturer for medical packaging applications. With this acquisition, VisiPak expanded its material portfolio range to cater to the medical packaging industries across North America.

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Consumer Goods Blister Packaging Market Growth & Trends

The global Consumer Goods Blister Packaging market size to grow at a lucrative CAGR of 7.0% from 2023 to 2030. Rising consumption of consumer goods such as electronics and cosmetics, along with increasing disposable income of consumers, is likely to drive the demand for blister packaging in consumer goods applications. For instance, Arcade Beauty offers thermoform blister packaging for its wide range of make-up and skin-care materials. Moreover, the rising environmental concerns among consumers have given rise to blister packaging solutions made with sustainable materials.

Demand for electronics, cosmetics, and personal care materials from millennials is on the rise in major countries, including the U.S., China, India, and other developing economies. The consumer base in these countries is expected to increase substantially over the forecast period leading to a higher demand for blister packaging.

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Competitive Landscape

Key players operating in the Blister Packaging industry are:

WestRock Company
SteriPackGroup
Honeywell International Inc
Klöckner Pentaplast
ACG
SÜDPACK

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Dyes and Pigments Industry: Textiles Application Segment is expected to Continue its Dominance from 2023 to 2030

Dyes and Pigments Industry Data Book - Dyes Market and Pigments Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Dyes and Pigments Industry was estimated at 4,217.2 kilotons in 2022 and is anticipated to increase at a significant CAGR of 4.7% from 2023 to 2030.

Grand View Research’s Dyes and Pigments industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

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Dyes Market Growth & Trends

The global Dyes Market size is expanding at 2.6% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Dyes accounted for an industry share of nearly 67% in 2022. Dyes play a significant role in various industries, including textiles, printing inks, paints, plastics, and cosmetics. Dyes are substances that impart color to materials through a process called dyeing. They are used to enhance the aesthetic appeal of products, provide color fastness, and create a wide range of shades and hues.

The use of cutting-edge technologies like nanotechnology and biotechnology in the production of dyes is boosting product performance and improving production efficiency. For instance, Lanxess recently announced plans to increase its production capacity for Macrolex dyes by 25% through an investment worth USD 5.68 million, in response to the growing demand for dyes market across the world.

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Pigments Market Size, 2020 - 2030 (USD Billion)

Pigments Market Growth & Trends

The global Pigments market size to grow at a lucrative CAGR of 2.9% from 2023 to 2030. Pigments accounted for an industry share of over 32% in 2022. The pigments market is vital to various industries, including paints and coatings, plastics, printing inks, construction, and automotive. Pigments are finely ground solid particles that provide color and opacity to materials. Unlike dyes, which dissolve in the substrate, pigments are insoluble and dispersed in binders or carriers. Pigments are used to provide color, opacity, and durability to paints and coatings, allowing for the creation of vibrant and long-lasting finishes. They are available in various forms, including organic and inorganic pigments, each offering unique properties and color options.

The growing adoption of digital printing technology is driving the demand for specialized pigments that offer high color vibrancy and durability. The strong presence of global players, such as BASF SE, Clariant AG, and Evonik Industries, is also contributing to the growth and development of the dyes and pigments market across the globe. These companies have a strong presence in the European market and are known for their investment in research and development of new and innovative pigment production methods, as well as their commitment to sustainability and eco-friendliness.

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Competitive Landscape

Key players operating in the Dyes and Pigments industry are:

Atul Ltd
Cabot Corp
E.I Dupont De Nemours & Co
Kiri Industries Ltd
Kronos Worldwide Inc.
Lanxess AG

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Antibodies Industry: List of Key Distributors and Channel Partners

Antibodies Industry Data Book - Antibodies Production, Polyclonal Antibody, Monoclonal Antibody, Cancer Monoclonal Antibody, Research Antibody, Custom Antibody, Mammalian IgG Polyclonal Antibody Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

Grand View Research’s antibodies industry data book is a collection of market sizing & forecast insights, market dynamics & trends, opportunity assessment, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, and macro-environmental analysis studies. Within the purview of the data book, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research. The following data points will be included in the final product offering in Seven reports and one sector report overview.

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Polyclonal Antibodies Market Growth & Trends

The global polyclonal antibodies market size is anticipated to reach USD 2.21 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.01% from 2023 to 2030. The increasing technological advancements in the production of antibodies-based drugs, the growing prevalence of infectious & chronic diseases such as cancer across the globe, and the rising number of biopharmaceutical research and development activities are the main drivers of the industry. In addition, Polyclonal antibodies (pAbs) are extensively utilized in both quantitative and qualitative biological research as well as several diagnostic tests.

The use of polyclonal antibodies has had a positive impact on the treatment of COVID-19 patients, with studies showing that these therapies can reduce hospitalization rates and improve outcomes for patients with mild to moderate disease. Additionally, the development of pAbs has helped to advance the understanding of the immune response to COVID-19 and is projected to lead the development of more effective treatments and vaccines in the future. Thus, the COVID-19 pandemic has had a significant impact on the pAbs market.

Several government initiatives support and promote the development and use of polyclonal antibodies in various applications, including diagnostics, therapeutics, and research. These initiatives are aimed at improving healthcare outcomes, promoting innovation, and supporting the growth of the biotechnology and pharmaceutical industries. Moreover, many governments are also taking initiatives to promote collaborations between academic institutions, research organizations, and industry players in the pAbs market. For instance, in May 2020, the Canadian Government invested USD 175 million in AbCellera, to support the organization in its antibody treatment examination and the production of the antibody construction facility. Thus, such various government initiatives are anticipated to increase the demand for the pAbs market.

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Cancer Monoclonal Antibodies Market Growth & Trends

The global cancer monoclonal antibodies market size is expected to reach USD 281.78 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 18.18% from 2023 to 2030. The increasing prevalence of cancer, and product approvals along with a robust pipeline are the key factors augmenting the market growth. Furthermore, an increase in funding for R&D in this sector is expected to impact industrial growth. Moreover, the booming biosimilar market will further offer lucrative opportunities during the forecast period.

Non-small Cell Lung Cancer (NSCLC) is a common type of lung cancer. For patients with metastatic NSCLC, the prognosis is mostly poor, as only about 8% will live beyond 5 years after the diagnosis. Moreover, at present, there are no HER2-directed therapies approved precisely for treating HER2-mutant non-small cell lung cancer, which occurs in almost 2-4% of patients with non-squamous NSCLC. However, progress has been made over the last two years, mainly in the first-line setting, leaving a substantial unmet medical need. For instance, in April 2022, Daiichi Sankyo and AstraZeneca received acceptance of supplemental Biologics License Application (sBLA) of Enhertu in the U.S. for treating adult patients with unresectable NSCLC.

The development of monoclonal antibodies has been great both in clinical and technical research applications over the past three years. Given their advantages of safety, specificity, and efficacy, there is now prevalent acceptance of mAbs as advanced therapeutic agents. Cancer is the most dominating and important area of medicinal application, accounting for almost 50% of all monoclonal antibodies-related R&D programs.

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Competitive Landscape

Key players operating in the Antibodies industry are:

Eppendorf AG
Cellab GmbH
INTEGRA Biosciences AG
Novartis AG
Pfizer Inc.

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Positive Outlook towards the Automotive Sector drives Paints and Coatings Industry by 2030

Paints and Coatings Industry Data Book - Powder Coatings, Waterborne Coatings, Solvent-borne Coatings and High Solids/Radiation Curing Coatings Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The economic value generated by the Paints and Coatings industry was estimated at approximately 48.16 million tons in 2022 and is expected to grow at a CAGR of 3.2% by 2030

Grand View Research’s paints & coatings sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

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Powder Coating Market Growth & Trends

The global powder coating market size is expected to reach USD 24.27 billion by 2030, registering a CAGR of 3.9% from 2023 to 2030, according to a report by Grand View Research, Inc. The market is expected to witness significant growth over the forecast period primarily owing to the superior properties of powder coatings over conventional paints including high resistance to corrosion and chipping & abrasion, durability, cost-effectiveness, excellent finishing, and reduced processing time.

Growing purchasing power, high living standard, and rapid urbanization are expected to drive the consumer goods sector, thereby driving product demand for use in applications, such as refrigerators, washer tops and lids, air-conditioner cabinets, water heaters, range housings, dishwashers, microwave oven cavities, and freezer cabinets.

Asia Pacific is estimated to register the fastest CAGR of 8.2%, in terms of revenue, over the forecast period. Increasing demand for consumer goods, such as washing machines and refrigerators, in emerging countries like India, China, Vietnam, the Philippines, and Thailand is expected to boost the regional market growth. Growing demand for automotive in emerging economies of Asia Pacific coupled with favorable FDI norms by the governments is expected to facilitate investments in the region.

North America was the third-largest regional market, in terms of revenue, in 2022. The rapid expansion of the automotive industry in the U.S. and concerns regarding VOC emissions released from the coatings used in automobile production are expected to boost the demand for powder coatings.

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Waterborne Coatings Market volume, by product, 2020 - 2030 (Million Tons)

Waterborne Coatings Market Growth & Trends

The global waterborne coatings market size is expected to reach USD 89.35 billion by 2030, registering a CAGR of 3.4% over the forecast period, as per the new report by Grand View Research, Inc. The growth is attributed to the rapid increase in construction activities across the globe. In addition, the growing demand for automobiles is also a major factor influencing product demand. Rapid urbanization is considered a key factor responsible for the growth of the market. Rising migration to tier-2 and tier-1 cities are creating lucrative growth opportunities for the construction and automobile industries globally. Increasing utilization of waterborne coatings in such applications is likely to propel the market growth over the foreseeable future. The architectural application segment is expected to have high penetration due to increasing construction & infrastructure activities in Asia Pacific and the Middle East.

Increasing application scope in the architectural industry, such as interior & exterior walls, doors, trims, and facades, is expected to further drive the industry. Stringent government rules restricting Volatile Organic Compound (VOC) emissions and solvent content are also among the key factors boosting the demand for waterborne coatings in the architectural industry. High demand for acrylic waterborne coatings in automotive and infrastructure on account of properties, such as gloss and color retention in external exposure,will support market growth over the forecast years. Acrylic modified Polyurethane (PU) coatings are excessively consumed in automotive finishing owing to excellent exterior durability. PU coatings are widely used owing to intrinsic properties, such as abrasion resistance, toughness, and chemical & weather resistance.

Polyurethane coatings are commercially available in oil modified, two components, moisture curing, and lacquers forms. Increasing PU coating demand in various end-use industries including electrical coils and automotive manufacturing is expected to positively influence market growth. The COVID-19 pandemic resulted in a sharp decline in the waterborne coatings revenue due to the shutdown of the industry for over six months. In addition, the pandemic slowed-down the industrial activities globally on the account of prolonged lockdowns across all continents. This has negatively impacted the industry growth, as a result, the market witnessed a slump in revenue in the year 2020.

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Competitive Landscape

Key players operating in the Paints and Coatings industry are:

RPM International, Inc.
BASF SE
Henkel AG & Company, KGaA
Kansai Paint Co., Ltd.
Nippon Paint Holdings Co., Ltd.

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Mass-Engineered Timber Industry Top Players are Mohawk Industries, Inc. and Stora Enso Oyj

Mass-Engineered Timber Industry Data Book - Cross-laminated Timber, Laminated Veneer Lumber and Glue Laminated Timber Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The economic value generated by the Mass-Engineered Timber industry was estimated at approximately USD 9.49 billion in 2022 and is expected to grow at a CAGR of 6.5% by 2030

Grand View Research’s mass-engineered timber sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

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Cross Laminated Timber Market Growth & Trends

The global cross laminated timber market size is expected to reach USD 3.56 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15% from 2023 to 2030.

This growth can be attributed to the growing adoption of cross laminated timber, as solid wood construction of cross laminated timber has a high strength-to-weight ratio, making it superior for usage in structural flooring systems as it can withstand both, compressive and tensile stress and has an extremely high static load-carrying capability.

Cross laminated timber market has been continuously witnessing expansion across the world. It is characterized by partnerships among major players to ensure their profitability and competitiveness in the market. For instance, in 2020, Stora Enso Oyj announced an investment worth USD 96.1 million in a new production line for manufacturing cross laminated timber at its sawmill in Ždírec, the Czech Republic. The investment is expected to enhance the market positioning of the company as a global provider of cross laminated timber panels and wooden products.

The cross laminated timber market is strengthened by technological advances, new prefabrication systems, and a series of processes that increase its sustainability, safety, and efficiency. Methodologies and tools, including virtual reality, BIM, and 3D printing and modeling have intertwined the design and construction process. Acton Ostry Architects & Hermann Kaufmann Architekten designed the UBC Tallwood House at Brock Commons project using the BIM tool and technologies provided by CadMakers.

Growing environmental concerns regarding carbon emissions have promoted the use of CLT for commercial purposes in recent times. In addition, the cost advantages offered by CLT have further promoted its demand. The aesthetic appearance and stylish designs are attracting the attention of consumers and driving the growth of the market for residential construction.

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Glue Laminated Timber Market Growth & Trends

The global Glue Laminated Timber Market size is expected to grow at 4.6% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Glue laminated timber, commonly known as glulam is a structural composite of lumber and adhesives. It is a wooden panel product which is manufactured from sawn softwood spruce or any other wood. Each piece of wood or lumber is end-jointed and arranged in horizontal or vertical layers or laminations. Glulam is being used for making columns and beams and for curved members that are being loaded in combined bending and compression.

Increasing demand for glulam owing to high thermal and insulation properties coupled with high resistance to chemicals is also a major driving factor for the market growth in both residential and commercial applications. A shift in the trend toward the replacement of conventional construction materials, such as steel and concrete, with lightweight, high-performance, and durable glulam has also spurred market growth.

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Competitive Landscape

Key players operating in the Mass-Engineered Timber industry are:

Sterling Solutions LLC
Schilliger Holz AG
KLH Massivholz GmbH
B&K Structures
Eugen Decker & WebMan

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