Understanding the Value Chain of the Pet Care Industry: A Comprehensive Analysis

Pet Care Industry Data Book - Pet Product, Pet Food and Pet Supplements Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Pet Care Industry was valued at USD 159.10 billion in 2022 and is anticipated to increase at a significant CAGR of 5.1% from 2023 to 2030.

Grand View Research’s pet care 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.

Pet Food Market Insights

The global pet food market size was estimated at USD 72.27 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. The demand for products is anticipated to be driven by growing consumer inclination toward the adoption of pets along with rising concerns regarding their health. Improvement in overall digestion and performance of pet animals owing to consumption of nutritious food is also likely to boost market growth in the forecast period. The pet food products that are available in the global market rarely vary. This, in turn, has prompted manufacturers to include multi-functional and innovative ingredients in their products to curb such similarity bias. Convenience is likely to play a vital role in driving this industry, given the increased popularity of prepared pet food. The other segment is organic pet food, a recent and growing trend in the market.

 Increasing availability of organic products in a variety of flavors and the inclusion of essential ingredients such as probiotics and antioxidants are factors that are likely to induce a positive impact on global market growth. On the other hand, low product penetration owing to its slightly high price may restrain organic segment growth in the coming years as every household would not be able to purchase high-priced products.

The market value chain is characterized by the presence of raw material suppliers, manufacturers, distributors, and end-users. The raw materials which are used for production include meat, meat byproducts, cereals, grains, and specialty proteins derived from animals, palatants, flavors & sweeteners, vitamins, minerals, and enzymes among others.

Order your copy of the Free Sample of “Pet Care Industry Data Book - Pet Product, Pet Food and Pet Supplements Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Pet Supplements Market Insights

The global pet supplements market size was estimated at USD 2.57 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. The rising demand for the market can be attributed to rise in pet humanization, leading to significant expenditure on pet food, supplements, and other related products to keep them active and healthy. Supplements enhance pets’ concentration, focus, and energy levels, strengthen their immune system, and improve heart health. Anti-stress, anti-anxiety, or calming supplements are also in high demand and are anticipated to gain further traction among pet owners.

Increased spending on pet care across the globally is one of the key factors propelling market growth. Pet owners are willing to spend a lot of money to ensure the health of their pets, which has led to an increase in the health expenditure of pets. A study by the Consumer Expenditure Survey of the Bureau of Labor Statistics estimates that from 1996 to 2012, spending on pets increased by 60%. For instance, according to the 2020 statistics report by the American Pet Products Association, a total of USD 103.6 billion was spent on pets in the U.S. in 2020, where the majority sales breakdown was as follows: pet food & treats USD 42.0 billion.

Pet supplements provide essential nutrients that help improve the immune system and reduce the risk of heart disease, cancer, inflammation, and diabetes. In addition, supplements such as fish oil, biotin, and amino acids improve skin health and enhance the ability to fight common problems, such as bacterial infection, itchy skin, and environmental allergies. They also improve cognitive development by providing antioxidants such as vitamin E, vitamin C, L-Carnitine, and Coenzyme Q-10.

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

Pet Care Industry Data Book Competitive Landscape

The manufacturers aim to achieve optimum business growth and a strong market position through the implementation of various strategies such as acquisitions, new product launches, collaborations, and strengthening of distribution networks in the global as well as regional markets.

Key players operating in the Pet Care Industry are:

• Ancol Pet Products Limited
• Blue Buffalo Co., Ltd.
• Champion Petfoods LP
• Hill`s Pet Nutrition, Inc.
• Mars, Incorporated

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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. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
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Top Distributors in the Positive Displacement Pump Industry: A Comprehensive Guide

Positive Displacement Pumps Industry Data Book - Rotary Pumps and Reciprocating Pumps Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Positive Displacement Pumps Industry was estimated at approximately USD 18.35 billion in 2022 and is expanding at a significant CAGR by 2030.

Grand View Research’s positive displacement pump sector 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, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research.

Access the Global Positive Displacement Pumps 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

Rotary Pump Market Growth & Trends

The global rotary pumps market size is anticipated to reach USD 14.9 billion by 2030, registering a CAGR of 4.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising demand for fluid handling across diverse industries like oil & gas, chemicals, and wastewater treatment has emerged as the primary driving force behind the market growth. Rotary pumps are gaining prominence due to their versatility in managing a wide range of fluids with varying viscosities, making them a preferred choice. The market is significantly shaped by the expansion of end-use industries, such as oil & gas, food processing, and chemical processing industries.

In addition, for oil & gas and food processing industries, it is essential to control the process variables, such as discharge rate & pressure of the fluid. This kind of process control can be easily done with the help of rotary pumps, as they are known for their reliability, versatility, and ability to handle a wide range of fluids. In the oil & gas industry, the American Petroleum Institute (API) has set up standards for various equipment for their use in different industries, including pumps. API Standard 676 covers standards and guidelines for positive displacement rotary pumps. Furthermore, the Hydraulic Institute provides standards related to rotary pumps in the pump industry. It covers standards regarding pump design, testing, installation, and operation.

The market is highly competitive, with a majority of players continuously increasing their R&D expenditure. Key players also undertake other strategies including production expansion, mergers & acquisitions, and new product launches. A few established players benefited from a higher scale of production in terms of cost advantage. Manufacturers have been exploring opportunities to develop IoT-based digitalized pumps to control flow rates efficiently. They are designing new energy-efficient products to meet the growing demand for carbon-efficient products. Mature market players are using variable speed drives (VSDs) to further penetrate the market.

Order your copy of the Free Sample of “Positive Displacement Pumps Industry Data Book - Rotary Pumps and Reciprocating Pumps Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Reciprocating Pump Market Growth & Trends

The global reciprocating pumps market size is anticipated to reach USD 11.7 billion by 2030, exhibiting a CAGR of 5.0% from 2023 - 2030, according to a new report by Grand View Research, Inc. The expansion of industries such as manufacturing, chemicals, and wastewater treatment is fueling the growth of the reciprocating pumps industry. These pumps play an important role in generating high-pressure fluid. These highly pressurized fluids are then further utilized in hydraulic systems and manufacturing operations. Reciprocating pumps are categorized as positive displacement pumps capable of displacing a consistent volume of fluid at elevated pressures.

The reciprocating pumps rely on back-and-forth motion of a piston, plunger, or diaphragm to substantially elevate fluid pressure, facilitating the transfer of fluids from one location to another. In the oil and gas industry, the American Petroleum Institute (API) has set up the standards for various equipment being used, including pumps. API Standard 674 covers standards and guidelines for the positive displacement reciprocating pumps. Furthermore, the Hydraulic Institute, the global authority on pumps and pumping systems, has been providing guidelines & standards regarding the pumps. The ANSI/HI 6.1-6.5 standards cover various aspects of reciprocating power pumps, including their design, operation, and testing.

The market is characterized by intense competition, with most companies continuously increasing their investments in research and development. Moreover, key players follow strategies such as facility expansion, mergers, acquisitions, and introduction of new products in the market. The future market is being shaped by changing demands in end-use industries, such as a growing emphasis on energy efficiency and sustainability. Leading market participants are designing pumps that are more energy-efficient and have a lower carbon footprint. These innovative pumps are equipped with variable frequency drives (VFDs) to enhance pump speed and flow control capabilities.

Go through the table of content of Positive Displacement Pumps Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Positive Displacement Pumps Industry are:

• Ingersoll Rand
• SPX Flow
• Alfa Laval
• Viking Pump, Inc.
• Grundfos

Check out more Industry Data Books, published by Grand View Research

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.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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Recycled Glass Procurement Revenue Forecast Intelligence Report, 2023 - 2030

Recycled Glass Category - Procurement Intelligence 

The Recycled Glass Category is anticipated to grow at a CAGR of 6.3% from 2023 to 2030. The demand for the category is mainly driven by its usage in food and beverages, construction, healthcare, automotive, and various other industries. Additionally, the rising demand for glass product manufacturing, such as bottles, beads, and countertops, is driving the growth of the category. Around 95% of the raw materials can be substituted with recycled glass while producing glass. Recycling glass allows manufacturers to decrease emissions as well as minimize the use of raw materials which in turn helps them in prolonging the lifespan of plant equipment like furnaces, and conserves energy. The rising focus on sustainability across various sectors to reduce environmental impact and carbon footprint is fueling the demand for recycled glass products. This is attributed to the environmentally friendly way of collecting, reusing, and repurposing the waste to create new products. 

Recycling companies are advancing their processes such as glass sorting processes. Utilizing advanced glass separation technologies such as X-ray fluorescence and LED camera systems, recycling facilities can achieve recycling rates exceeding 75%. Despite ongoing efforts, a significant portion of viable cullet is still being lost within the CSP reject stream, which consists of more than 80% glass. 

Food & beverage companies are partnering with recycling companies to enhance their usage of recycled glass. For instance, in May 2022 Coca Cola UNITED partnered with O-I Glass to use more recycled glass for creating new glass bottles. As glass is 100% and infinitely recyclable, food and beverage companies are focusing on increasing their use of recycled glass for packaging to create low-waste and support circular economy. In July 2023, O-I Glass partnered with FX Matt Beverage Company to provide innovative glass packaging solutions. This would help O-I Glass to supply recycled glass to the company for packaging. 

Order your copy of the Recycled Glass Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis 

Europe region is the major market with 80% of the glass recycling rate in 2023 whereas North America has a 31% recycling rate. Countries such as Sweden, Belgium, and Slovenia are among the countries with efficient collection systems and achieve around 95% recycling rate. 

The category is fragmented, with the presence of numerous players in the processing of glass. Buyers of recycled glass such as packaging manufacturers and beverage companies, may have moderate bargaining power. However, the presence of various recycling companies may reduce the power of the suppliers. 

Labor, collection vehicles, recycling/collection bins and containers, sorting and processing equipment cost, storage facilities, and others are some of the cost components incurred in processing the category. Other costs include transportation, licensing and permits, purchasing of safety gear, and facility maintenance costs. The cost of processing glass can be between USD 70 to USD 90 per ton. Purchasing of recycling collection vehicle can cost around USD 50,000 to USD 100,000. The bins can cost between USD 20 to USD 150 per bin. The sorting and processing equipment cost varies based on the complexity and scale of recycling operations. For instance, a small to medium-sized recycling business may be required to invest around USD 50,000 to USD 150,000 in equipment.

List of Key Suppliers in the Recycled Glass Category

• O-I
• Dlubak Glass
• Ardagh Group
• Gallo Glass
• Strategic Materials Inc.
• Momentum Recycling
• Ripple Glass
• Reiling Group
• Ace Glass Recycling
• GRL

Recycled Glass Procurement Intelligence Report Scope

• Recycled Glass Category Growth Rate: CAGR of 6.3% from 2023 to 2030 

• Pricing Growth Outlook: 3%-5% (Annually) 

• Pricing Models: Volume based Pricing; Competition based pricing 

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence 

• Supplier Selection Criteria: Quality of the recycled glass, recycling capacity, end-use, contract terms, delivery option, technology used, safety and environmental compliance, location and presence of supplier, and others 

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research: 

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

 

 

Analyzing the Competitive Landscape in the Pumps Industry: Key Insights and Trends

Pumps Industry Data Book - Centrifugal Pump and Positive Displacement Pump Market Size, Share, Trends Analysis, and Segment Forecasts, 2024 - 2030

The global Pumps Industry was estimated at approximately USD 57.7 billion in 2023 and is expanding at a significant CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc.

Grand View Research’s pumps 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 report and summary presentations on individual areas of research.

Access the Global Pumps Industry Data Book, 2024 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Centrifugal Pump Market Growth & Trends

The global centrifugal pump market size is expected to reach USD 66.64 billion by 2030, expanding at 3.9% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. The centrifugal demand has escalated owing to the increase in pump demand for pressure fluids. The pumps are primarily used for accelerating fluids, like water, chemicals, sludge treatment liquids, wastewater, oil, bleaches, and resins.

Increasing demand for water in domestic and industrial applications due to the growing world population is driving the market growth. Expanding population, rapid urbanization, technological developments, and growth in infrastructure have augmented the demand for fresh and processed water across the globe. This in turn is expected to fuel the market growth over the forecast period.

In addition, water scarcity is affecting regions across the globe owing to the lack of freshwater resources, there is an increased need for wastewater treatment to meet the rising demand for clean water. This is expected to drive the global water and wastewater treatment equipment market over the forecast period.

Expanding industrial sectors including food & beverage, chemicals, pulp & paper, pharmaceutical, power, metal & mining, textiles, semiconductors, and oil & gas result in increased consumption of clean water, which is expected to drive the demand for the centrifugal pump industry across the globe.

Order your copy of the Free Sample of “Pumps Industry Data Book - Centrifugal Pump and Positive Displacement Pump Market Size, Share, Trends Analysis, and Segment Forecasts, 2024 - 2030” Data Book, published by Grand View Research

Positive Displacement Pump Market Growth & Trends

The global positive displacement pumps market size is estimated to reach USD 26.53 billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Positive displacement pumps are crucial components in various industrial applications, and their efficiency is influenced by several driving factors. One key factor is the nature of positive displacement, ensuring a consistent flow regardless of system pressure. The ability to handle high-viscosity fluids and maintain a steady flow rate under varying conditions makes them ideal for processes requiring precision and reliability. In addition, these pumps are often preferred due to their self-priming capabilities, making them effective in situations where a suction lift is necessary.

The product versatility in accommodating different fluids, from thin liquids to highly viscous substances, further contributes to their widespread use in industries, such as oil & gas, chemical processing, and food production. Moreover, advancements in design and materials, as well as the integration of innovative technologies, continue to enhance the efficiency, durability, and overall performance of positive displacement pumps, making them indispensable for critical industrial processes. In industries, such as oil & gas, pharmaceuticals, and food processing, these pumps are favored for their ability to handle shear-sensitive fluids and provide a consistent output. For instance, positive displacement pumps, such as gear or reciprocating pumps, are commonly used to transfer crude oil from production sites to refineries through pipelines.

Positive displacement pumps can be designed for high efficiency, contributing to energy savings, and reduced operational costs. This is particularly important in industries where pumps operate continuously, such as water treatment plants, where energy-efficient pumps can lead to substantial long-term savings. Moreover, the need for reliable and efficient fluid-handling solutions is further boosting market growth. Furthermore, growing industrialization in emerging markets, along with increased investments in sectors like oil & gas, chemical processing, and water treatment, is driving product demand.

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

Competitive Landscape

Key players operating in the Pumps Industry are:

• Grundfos
• Xylem
• Flowserve
• ITT Corporation
• CIRCOR International

Check out more Industry Data Books, published by Grand View Research

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.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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What are the Emerging Consumer Trends in the Smart Bathroom Industry?

Smart Bathroom Industry Data Book - Smart Toilet, Smart Bathroom Soap Dispenser, Faucets, Showers, Mirrors and Smart Bathtubs Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Smart Bathroom Industry was estimated at approximately USD 6,573.9 million in 2022 and is expanding at a significant CAGR of 12% from 2023 to 2030, according to a new report by Grand View Research, Inc.

Grand View Research’s smart bathroom 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 Smart Bathroom 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

Smart Toilet Market Growth & Trends

The global Smart Toilet Market size is expected to expand at 11.5% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising demand for convenient sanitary hygiene products is driving the demand for smart toilets. Consumers are increasingly seeking ceramic toilet arrangements with built-in features such as air dryers and warm water options, making intelligent bathroom products a symbol of style, particularly in developed nations like the U.S., UK, Germany, and France.

One of the key factors fueling the smart toilet industry’s growth is the growing demand for water-saving solutions. With water conservation and sustainability becoming crucial global goals, smart toilets equipped with water-saving technologies play a vital role in reducing water consumption. As the world population continues to grow, the importance of water resources and sustainable practices has heightened. Consequently, the integration of smart water-saving technology in smart toilets helps address these concerns by minimizing total water consumption.

Furthermore, the construction boom in both commercial and residential buildings is contributing to the market's growth trajectory. The increased adoption of smart toilets aligns with the growing trend of smart homes and the rapid advancements in technology. The acceptance of smart technologies, including voice-activated systems and Internet of Things (IoT) technology, has expanded in corporate, residential, and commercial spaces, further driving the demand for smart toilets on a global scale.

Order your copy of the Free Sample of “Smart Bathroom Industry Data Book - Smart Toilet, Smart Bathroom Soap Dispenser, Faucets, Showers, Mirrors and Smart Bathtubs Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Smart Bathroom Soap Dispenser Market Growth & Trends

The global Smart Bathroom Soap Dispenser Market size is estimated to grow at a CAGR of 12.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising concerns about hygiene in developing countries including Brazil, China, India, Indonesia, Thailand, and South Africa are expected to promote the utility of the product in the near future. Smart soap dispensers are increasingly replacing traditional soap dispensers and containers. Soap bars are considered extremely unhygienic, especially in public toilets, as they can carry germs and other harmful micro-organisms. Hence, there is a drastic shift and adoption of smart soap dispensers in public restrooms. Several industries, like the hospitality, healthcare, and entertainment industries, are adopting smart soap dispensers, especially in developing countries such as Bangladesh, Bhutan, Sri Lanka, and India.

COVID-19 has also driven the demand for smart soap dispensers across the world. Small- and medium-scale players have also entered the market owing to the outbreak of COVID-19. The product demand is driven by the touchless feature of smart soap dispensers owing to the rise in demand for zero physical contact products and the need to wash hands frequently to avoid the spread of germs and bacteria.

Growing concerns about sanitation along with the rising purchasing power of middle-class income groups in emerging economies including China and India is driving the market demand from the residential sector. New construction and remodeling in the residential sector have been witnessing remarkable growth, especially in the developing countries in Asia Pacific.

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

Competitive Landscape

Key players operating in the Smart Bathroom Industry are:

• Jacuzzi Brands, LLC
• Villeroy & Boch AG
• Signature Hardware (Ferguson Enterprises, LLC)
• Pfister (Spectrum Brands, Inc.)
• Kraus USA Plumbing LLC

Check out more Industry Data Books, published by Grand View Research

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.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Follow Us: LinkedIn | Twitter

Exploring the Best Phosphate Procurement Pricing Models for Sustainable Business Practices

Phosphate Category - Procurement Intelligence 

The Phosphate Category is anticipated to grow at a CAGR of 3.3% from 2023 to 2030. The growth of the category is strongly influenced by the continual expansion of the food and beverage industry. It plays a vital role in food processing, serving as essential additives and preservatives as it contributes significantly to the flavor, consistency, and longevity of a diverse array of food products. 

Phosphate is majorly used in fertilizer. According to MIT News 2023, around 95% of the phosphate ore is utilized to make fertilizers. Additionally, according to the U.S. Geological Survey 2023 report, during 2022, the worldwide phosphate fertilizer industry encountered challenges such as supply interruptions, elevated fertilizer costs in the initial months of 2022, and reduced consumption in certain areas. However, the rising population and urbanization are anticipated to drive up the demand for food and, consequently, fertilizers. According to Rabobank's 2023 report, fertilizer consumption across the globe increased by 3% in 2023 as compared to a 7% decline in 2022. The rising usage of fertilizers in crops is expected to drive the demand for the category. 

As environmental consideration is rising, the industry is focusing on adopting eco-friendly approach while converting phosphates into phosphorous which is an intermediate in manufacturing lithium-ion batteries and herbicides. In a paper published in the journal ACS Central Science, the researcher showcased that their approach of using electricity to speed up the chemical reaction that can reduce carbon emissions by half or more during the process of converting the category into phosphorous. Additionally, to meet the growing demand for batteries, companies are continuously increasing the exploration of category to meet the demand. For instance, in July 2023, Norge Mining, a mining company in Norway, completed the exploration of 70 billion tonnes of phosphate deposits and claimed that it is enough to meet the category demand for batteries over the next 100 years. 

Order your copy of the Phosphate Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis 

Phosphate miners are also focusing on acquiring stakes in end-use companies to diversify their phosphate solutions. For example, in September 2022, OCP Group, the largest mining company, signed an agreement with Fertinagro Biotech S.L., a Spanish fertilizers producer, to acquire a 50% stake of GlobalFeed S.L. GlobalFeed operates in animal nutrition products and phosphate-based products. The acquisition would confirm OCP’s objective to diversify its solution in the animal nutrition sector. 

China topped the production list with 85,000 metric tons of phosphate production in 2022, followed by Morocco and Uzbekistan, with the production of 40,000 and 21,000 metric tons, respectively. China also has the world's third largest reserves of the category, with 1.9 billion MT of the commodity. The Chinese government has implemented limitations on the export of phosphates as a strategy to reduce domestic fertilizer prices by relying on its own supply. However, Morocco produces less as compared to China, but Morocco has the largest reserves of around 50 billion MT and accounts for 70% of the global reserve. 

Suppliers in the category, typically phosphate rock miners, have a moderate level of bargaining power. The availability of phosphate reserves is limited, and suppliers may have some control over prices. However, the presence of multiple suppliers and alternative fertilizers can balance the power dynamics. Companies are also focusing on powering mining operations through natural resources. For instance, in 2023 OCP group, a phosphate rock miner company, intends to power its mining operations through solar at its two facilities situated in the northwest African country.

List of Key Suppliers in the Phosphate Category

• OCP Group
• Mosaic
• Innophos
• Minbos Resources
• PhosAgro
• Jordan Phosphate Mines Company
• Israel Chemicals
• Nutrien, Prayon S.A.
• Sulux Phosphates

Phosphate Procurement Intelligence Report Scope

• Phosphate Category Growth Rate: CAGR of 3.3% from 2023 to 2030 

• Pricing Growth Outlook: 6%-7% (Annually) 

• Pricing Models: Volume based Pricing; Competition based pricing 

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence 

• Supplier Selection Criteria: Quality, volume range offered, grade, contract terms, delivery option, safety and environmental compliance, location and presence of supplier, and others 

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research: 

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

What Emerging Technologies are Impacting Hydrochloric Acid Procurement?

Hydrochloric Acid Category - Procurement Intelligence 

The Hydrochloric Acid Category is anticipated to grow at a CAGR of 6.6% from 2023 to 2030. The rising usage of hydrochloric acid from various end-use industries such as food and beverages, dyes, pigments, steel pickling, water & wastewater treatment, and others is anticipated to drive the category growth. The category is mainly driven by demand in wastewater treatment to adjust pH levels and enhance water quality. A wide range of food products such as cold drinks, cereals, and corn syrups used in biscuits are processed using hydrochloric acid. 

Waterborne diseases are a major concern in African countries such as Nigeria. According to UNICEF 2022 report, around 70% of water at the time of consumption is contaminated. Additionally, the U.N. agency stated that contamination is the reason Nigeria has the world’s highest number of deaths due to waterborne diseases among children between five years old. To tackle such problems various government bodies such as UNICEF, and the World Bank are taking initiatives to help wastewater treatment projects in the region. Such initiatives are expected to boost the demand for hydrochloric acid used for water treatment. 

Order your copy of the Hydrochloric Acid Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis 

Buyers in the category, such as chemical manufacturers and industrial users, often purchase in bulk. However, they choose from typically multiple suppliers, which gives buyers some negotiation power. Prices are also influenced by factors like supply and demand dynamics and the cost of raw materials. Due to the harmful effects of acid on the environment, companies are obliged to follow safety protocols by various government agencies. For instance, according to the U.S. Food and Drug Administration, Section 182.1057 recognizes hydrochloric acid as safe when used as a neutralizing agent in accordance with good manufacturing practices. 

Raw material, labor, land and construction, machinery, utility, packaging, transportation, and others are some of the cost components involved in the production of the category. Hydrochloric acid is produced through various processes such as salt and sulphuric acid, the Mannheim process, and hydrogen and chlorine. The most used method is through hydrogen and chlorine. Raw material and labor costs account for a major part of the total cost. 

In terms of hydrochloric acid production, the hybrid model is a popular engagement model in the category, combining in-house and full-service outsourcing. Some suppliers opt for a partial outsourcing model. Companies outsource operations such as packaging, and transportation services. Employing an in-house team for a complete production line from procuring raw material to quality testing, packaging, and transportation can be beneficial for the company. Developing a strong relationship with suppliers of raw materials (hydrogen and chlorine) and ensuring the consistency and traceability of the supply chain is key to sourcing the category.

List of Key Suppliers in the Hydrochloric Acid Category

• BASF
• AGC Chemicals Americas
• Vynova, Detrex Chemicals
• Thermo Fisher Scientific
• Kaneka Corporation
• ERCO Worldwide
• Oxy
• Olin
• Tata Chemicals

Hydrochloric Acid Procurement Intelligence Report Scope

• Hydrochloric Acid Category Growth Rate: CAGR of 6.6% from 2023 to 2030 

• Pricing Growth Outlook: 6%-7% (Annually) 

• Pricing Models: Volume based Pricing; Competition based pricing 

• Supplier Selection Scope: Cost and pricing, volume, production capacity, geographical presence, and compliance 

• Supplier Selection Criteria: Quality, volume range offered, contract terms, delivery option, technology used, safety and environmental compliance, location and presence of supplier, and others 

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research: 

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

What are the Profit Margins in the 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 global Licensed Sports Merchandise Industry was valued at USD 21,806.0 million in 2022 and is anticipated to increase at a significant CAGR of 5.2% from 2023 to 2030.

Grand View Research’s Licensed Sports Merchandise 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.

Licensed Sports Apparel Market Insights

The global Licensed Sports Apparel Market size was valued at USD 8,499.8 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. 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 Insights

The global Licensed Sports Footwear Market size was estimated at USD 3,339.6 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. 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.

Go through the table of content of Licensed Sports Merchandise Industry Data Book to get a better understanding of the Coverage & Scope of the study

Licensed Sports Merchandise Industry Data Book Competitive Landscape

The manufacturers in the licensed sports merchandise industry aim to achieve optimum business growth and a strong market position through the implementation of various strategies such as acquisitions, new product launches, collaborations, and strengthening of distribution networks in the global as well as regional markets.

Key players operating in the Licensed Sports Merchandise Industry are:

• VF Corporation
• Nike, Inc.
• Adidas AG
• Puma SE
• Under Armour, Inc.

Check out more Industry Data Books, published by Grand View Research

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. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
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Uncovering the Key Players and Processes in the Blood Glucose Meters Industry Supply Chain Analysis

Blood Glucose Meters Industry Data Book - Point-of-care Glucose Testing Devices, Self-Monitoring & Continuous Blood Glucose Monitors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Blood Glucose Meters Industry was valued at USD 15.80 billion in 2022 and is anticipated to increase at a significant CAGR of 7.3% from 2023 to 2030.

Grand View Research’s blood glucose meters 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.

Point-of-care Glucose Testing Market Insights

The global point-of-care glucose testing market size was valued at USD 3.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2030. The growing geriatric population, the ability of point-of-care (POC) diagnostic tests to deliver immediate results, thus providing improved patient care, and rising market penetration of electronic medical records (EMRs) are among the high-impact rendering drivers of this market. The shortage of skilled staff, especially in the field of diagnostics, is also expected to increase the market penetration of glucose POC diagnostic products.

Thus, diabetes management is one of the key priorities among healthcare professionals to limit the mortality rate. According to a survey by the Diabetes Research Foundation, diabetes increases the risk of a fatal outcome by 50% among COVID-19 patients. The growing awareness about diabetes management, poor healthcare access, scarcity of healthcare professionals, and the highest global prevalence recorded in Asian countries are likely to increase the adoption of PoC glucose testing solutions. This, in turn, creates an opportunity to reduce the healthcare burden by improving patient outcomes.

The introduction of favorable regulatory policies aimed at promoting PoC glucose diagnostics is expected to serve as a high impact rendering driver for the market. For example, in the U.S., the implementation of Clinical Laboratory Improvement Amendments (CLIA) is expected to boost usage rates during the forecast period. CLIA-waived tests are approved for use by healthcare providers operating in nontraditional laboratory sites, such as emergency rooms, physician offices, pharmacy clinics, health department clinics, and other healthcare facilities. The prevalence of diabetes is increasing worldwide, which is expanding the patient pool for the market.

Order your copy of the Free Sample of “Blood Glucose Meters Industry Data Book - Point-of-care Glucose Testing Devices, Self-Monitoring & Continuous Blood Glucose Monitors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Blood Glucose Monitors Market Insights

The global blood glucose monitoring devices market size was estimated at USD 12.53 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2030. The market is primarily influenced by the growing prevalence of diabetes and growing elderly population susceptible to conditions like diabetes. In addition, market growth is driven by rising awareness of preventive measures for diabetes and the introduction of new products. Diabetes, a widespread and growing global concern, is characterized by the pancreas' inability to efficiently produce insulin, leading to elevated blood glucose levels. According to the International Diabetes Federation, approximately 537 million individuals were diagnosed with diabetes in 2021, and projections indicate an anticipated rise to 643 million by 2030 and 783 million by 2045.

 Blood glucose monitoring (BGM) devices play a crucial role in supporting individuals with diabetes in numerous ways. Firstly, they empower both patients and healthcare professionals to identify elevated or reduced blood glucose levels, enabling timely adjustments to treatment plans. This capability serves as a protective measure by promptly confirming acute hypoglycemia or hyperglycemia, ensuring the well-being of patients. In addition, these devices enhance self-care practices, offering individuals greater control over their diabetes management. Moreover, the technology associated with blood glucose monitoring not only aids in immediate intervention but also serves as a valuable tool for patient education on diabetes and its effective management.

Go through the table of content of Blood Glucose Meters Industry Data Book to get a better understanding of the Coverage & Scope of the study

Blood Glucose Meters Industry Data Book Competitive Landscape

Technological advancements: especially in case of biosensors, Bluetooth integration, & real-time alerts, and price competitiveness are two of the major strategies mostly focused on by the major market players.

Key players operating in the Blood Glucose Meters Industry are:

• Abbott Laboratories
• Medtronic
• Hoffmann-La Roche Ltd
• Ascensia Diabetes Care
• Lifescan Inc

Check out more Industry Data Books, published by Grand View Research

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. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter

Clinical Research Organizations Procurement Supplier Intelligence Report, 2023 - 2030

Clinical Research Organizations Packaging Category - Procurement Intelligence 

The Clinical Research Organization Category is expected to grow at a CAGR of 12.2% from 2023 to 2030. In 2022, North America held a 40% share of the market. This is linked to the region's concentration of large pharmaceutical corporations, which are also known for their extensive drug development efforts and first-rate healthcare systems. In addition, due to changes in the market and reimbursement from generic pharmaceuticals, a number of significant pharmaceutical businesses in this region are outsourcing R&D and clinical trials.

Clinical trials are complex and require many resources. Outsourcing clinical trials to CROs can help pharmaceutical and biotech companies reduce costs, streamline business operations, and increase productivity. As more pharmaceutical companies outsource their clinical studies, the demand for CROs is growing.

Order your copy of the Clinical Research Organizations Packaging Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis 

Companies are continuously focusing on collaborating or developing their own technology. For instance: 

• In January 2023, a partnership between ICON plc and Google Cloud was announced in order to expedite the creation and distribution of clinical studies. Through the cooperation, ICON will be able to increase the effectiveness and efficiency of clinical trials by utilizing Google Cloud's artificial intelligence (AI) and machine learning (ML) capabilities.
• In 2021, Charles River Laboratories agreed to purchase Cognate BioServices Inc., a contract development and manufacturing organization (CDMO) that specializes in cell and gene therapy. This acquisition is intended to help Charles River expand its scientific capabilities in the rapidly growing cell and gene therapy sector.

Category growth is expected to be fueled by the globalization of clinical trials and the demand for specialized services. The demand for specialized services is also being driven by the increasing number of rare diseases. These diseases affect a small number of patients, making it difficult to conduct clinical trials in traditional settings. CROs that can provide specialized services for rare diseases are well-positioned to capitalize on this growing market. 

Clinical Research Organizations Packaging Sourcing Intelligence Highlights 

• The global clinical research organization category is fragmented, with the presence of several players in the market. To grow their market share, firms in the industry are adopting crucial strategies like research and development, acquisitions, partnerships, and regional expansion.
• The cost of hiring staff, purchasing equipment, developing software, cost of data management, site monitoring, and regulatory compliance are the major cost component in clinical research organizations.
• Most of the service providers offer study design and planning, clinical monitoring, biostatistics, and others.

List of Key Suppliers in the Clinical Research Organizations Packaging Category

• Asymchem Laboratories (Tianjin) Co Ltd
• Charles River Laboratories
• Dalton Pharma Services
• ICON plc
• IQVIA Inc
• Pharmaron Beijing Co Ltd
• Piramal Enterprises Ltd
• Sun Pharmaceutical Industries Ltd
• Syneos Health
• Thermo Fisher Scientific Inc

Clinical Research Organizations Packaging Procurement Intelligence Report Scope

• Clinical Research Organizations Packaging Category Growth Rate: CAGR of 12.2% from 2023 to 2030 

• Pricing Growth Outlook: 3% - 4% (Annually) 

• Pricing Models: Cost Plus Pricing 

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence 

• Supplier Selection Criteria: Technical expertise, experience, cost and quality of service, capabilities, and reliability, research and development, customer service 

• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research: 

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

What are the Current Trends Influencing the Cat Litter Industry Demand?

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

The global Cat Litter Industry was valued at USD 11.23 billion in 2022 and is anticipated to increase at a significant CAGR of 5% from 2023 to 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.

Clumping Cat Litter Market Insights

The global Clumping Cat Litter Market size was estimated at USD 8.56 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. 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.

Order your copy of the Free Sample of “Cat Litter Industry Data Book - Clumping and Conventional Cat Litter Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Conventional Cat Litter Market Insights

The global Conventional Cat Litter Market size was valued at USD 2.66 billion in 2022 and is expected to register a growth of 4.3% from 2023 to 2030. 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.

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

Cat Litter Industry Data Book Competitive Landscape

In the market, a mix of established companies and emerging players exists. Several prominent players are strategically capitalizing on the market's growing trends while expanding their range of services to sustain and increase their market share.

Key players operating in the Cat Litter Industry are:

• Nestlé S.A.
• The Clorox Company
• Mars, Incorporated
• Oil-Dri Corporation of America
• Church & Dwight Co., Inc.

Check out more Industry Data Books, published by Grand View Research

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. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
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A Guide to the Supply Chain Solutions Industry Vendor Landscape

Supply Chain Solutions Industry Data Book - Supply Chain Analytics, Procurement as a Service and Vendor Risk Management Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Supply Chain Solutions Industry was valued at USD 20.45 billion in 2022 and is anticipated to increase at a significant CAGR of 15.0% from 2023 to 2030.

Grand View Research’s supply chain solutions 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.

Supply Chain Analytics Market Insights

The global supply chain analytics market size was estimated at USD 6.13 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 17.8% from 2023 to 2030. The supply chain analytics (SCA) market is growing in demand due to increased awareness of the benefits of SCA solutions, such as forecasting accuracy, supply chain optimization, waste minimization, and meaningful synthesis of business data. The increasing number of small & medium enterprises and their increasing expenditure on implementing analytics to hold a strong position in the market and compete against other market players are expected to boost the market growth over the forecast period.

SCA helps organizations get a broader view of supply chain activities, allowing them to efficiently manage any issues that may impact the profitability or sustainability of the business. Mobile-based solutions help companies track inefficient supplier networks, elevated warehousing costs, and incorrect forecasts, among others. Analytics solutions also play a pivotal role in analyzing business operations that may help improve inventory management and subsequently help reduce associated cost components that may hinder business growth. In recent times, a surge in the adoption of mobile-based solutions is expected to create avenues for industry growth.

Unethical activities and increasing incidences of cyber threats could raise concerns among businesses and may challenge the adoption of SCA solutions to a certain extent. Although the prospects of tech inclusion in supply chain operations look bright, industry incumbents are still concerned about possible security/data breaches. These concerns may be unfavorable for future growth. However, by selling secure products, SCA solution providers have been working tirelessly to reduce the effect of these breaches. These initiatives may help the market grow at a healthy rate in the coming years.

Order your copy of the Free Sample of “Supply Chain Solutions Industry Data Book - Supply Chain Analytics, Procurement as a Service And Vendor Risk Management Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Procurement as a Service Market Insights

The global procurement as a service market size was valued at USD 6.15 billion in 2022 and is expected to register a growth of 11.1% from 2023 to 2030. As firms increasingly rely on digitization to carry out their sourcing and procurement tasks while keeping track of company payments and purchases, procurement as a service is gaining popularity throughout the globe. Following the COVID-19 pandemic, the uptake of digitization in automating essential business operations like sourcing and procurement is receiving attention. This is anticipated to support the procurement growth as a service market throughout the projection period.

Sustainable procurement and supplier relationship management can become more proactive and effective with technology integration; this is expected to enable the economy of scale and boost corporate profitability. As a provider of procurement services, it is crucial to ensure that the newest technologies are used to help businesses anticipate greater accuracy regarding procurement and sourcing. Over the projected period, it is expected to maintain market demand for procurement as a service.

Service providers saw the shortcoming of the procurement service owing to the current epidemic, which has caused traditional procurement strategies to fail to scale and become unsustainable. The importance of global procurement services providing organizations has changed in light of this new status quo, moving away from negotiating service contracts and toward exclusive business alliances and strategic arrangements to guarantee both long- and short-term business. Similar to the supply side, business understanding of procurement procedures and services has grown significantly during the past few years. Custom service offers have evolved into a differentiator for service providers, promoting the expansion of procurement as a service industry.

Go through the table of content of Supply Chain Solutions Industry Data Book to get a better understanding of the Coverage & Scope of the study

Supply Chain Solutions Industry Data Book Competitive Landscape

The companies are adopting several growth strategies, such as partnerships, mergers & acquisitions, and product launches, to stay afloat in the competitive industry.

Key players operating in the Supply Chain Solutions Industry are:

• Genpact
• Accenture plc
• International Business Machines Corporation
• HCL Technologies Ltd.
• WNS (Holdings) Ltd.

Check out more Industry Data Books, published by Grand View Research

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. 

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com/sector-reports-list
Follow Us: LinkedIn | Twitter

Key Considerations for Strategic Synthetic Fiber Procurement Supplier Analysis

Synthetic Fibers Category - Procurement Intelligence 

The global Synthetic Fibers Category is anticipated to grow at a CAGR of 7.4% from 2023 to 2030. The majority of the global textile market is made up of synthetic fibers because of their affordability and functional qualities. In 2023, owing to its performance advantage over natural textiles, synthetic fibers currently account for more than 60% of all fiber usage globally. In contrast to materials like cotton, silk, or wool that are derived directly from plants or animals, synthetics are made wholly of chemicals. The most popular kinds are petroleum-based and include nylon, polyester, rayon, acrylic, and spandex. By material type, polyester is the most popular one and dominates the category accounting for 48 - 52% of the total fiber production in 2023. 

With an increasing focus on sustainability, one of the major trends has been the use of sustainable colorant solutions and functional additives (for chemicals, dyes, spin-dyeing, and finishes) for coloring and modification of the category in focus. The rising demand for synthetic fibers over natural fibers can be primarily attributed to their wide availability, and cost-effective prices, along with a wider range of applications across industries. Furthermore, the increasing demand for the product in many consumer goods, accessories, and apparel is driving the growth of the category. 

Order your copy of the Synthetic Fibers Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis 

The synthetic fibers category is fragmented. Textile manufacturers are increasingly engaging with regional players to gauge consumer behavior/preference patterns and capture a wider domestic market. Large companies such as Indorama, Mitsubishi, and Sinopec have integrated in-house manufacturing facilities that can produce the fibers from start to finish. Hence, the bargaining power of such specialized large-scale suppliers is moderately high. Regionally, there are numerous players based on different types of polymers which add to increased fragmentation and reduces the bargaining power to low. 

The key cost components include raw materials, energy, equipment and technology, labor, facilities, and marketing. Other costs can include legal and tax, indirect or overheads, repairs and maintenance of plants or facilities, transportation, etc. Synthetic fibers production needs a significant amount of crude oil and energy. Acrylonitrile is the key raw material for producing acrylic fabric. The synthetic insulating material known as fleece is made of polyethene terephthalate. Polyamides are needed to make nylon. Similarly, olefin is another material composed of fibers of polypropylene and polyethene. Hence, raw materials form a crucial cost component and any fluctuations in the cost of raw materials will dramatically impact the total cost of production.

List of Key Suppliers in the Synthetic Fibers Category

• Bombay Dyeing
• DuPont de Nemours, Inc.
• Indorama Corporation
• Lenzing AG
• Mitsubishi Chemical Corporation
• Sinopec Shanghai Petrochemical Co., Ltd
• Toray Chemical Korea Inc.
• Teijin Limited
• Reliance Industries Limited
• Toyobo Co., Ltd

Synthetic Fibers Procurement Intelligence Report Scope

• Synthetic Fibers Category Growth Rate: CAGR of 7.4% from 2023 to 2030 

• Pricing Growth Outlook: 10%-20% (Annually) 

• Pricing Models: Volume-based, contract-based, and competitive pricing model 

• Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence 

• Supplier Selection Criteria: Production capacity, type of polymer, tensile strength, temperature resistance, moisture absorption, certifications, operational and functional capabilities, technology used, and others 

• Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research: 

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Emerging Trends in the Business Software Industry: A Comprehensive Analysis

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 global Business Software Industry was valued at USD 71.11 billion in 2022 and is anticipated to increase at a significant CAGR of 11.3% from 2023 to 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.

Event Management Software Market Insights

The global event management software market size was estimated at USD 6.96 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.1% from 2023 to 2030. With the proliferation of technology, event management software has strong data-handling attributes. It enables event managers to gather and evaluate data on participant population demographics, opinions, and behavior. The data gathered can assist event organizers in making informed choices, enhancing future events, and customizing overall experience to the needs of participants. These factors are driving market growth. Event management has grown in importance globally as the range of worldwide conferences, exhibits, and cultural events has increased. Cultural variations, communication hurdles, and foreign logistics are all managed by event organizers.

Event planners and organizers are using gamification as a tool to engage attendees. Gamification of events allows organizers to enhance experience for attendees. Gamification works on tailoring benefits to attendees' sentiments to boost their confidence, create a relaxed atmosphere, generate a feeling of common purpose, and ensure easy & effective communication. Event organizers typically use innovative gamification methods, such as Question and Answer (Q&A) engagement, social media engagement, teamwork games, social programs, and networking games.

Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing many elements of event management. AI-powered chatbots and digital assistants can answer guest inquiries, offer event details, and provide customized suggestions. Automation technologies can help companies reduce time by automating email marketing, social media time management, and statistical entry tasks. Interactive event engagements are gradually being created using AR and VR technologies. AR can provide fun and interactive elements by adding digital content to physical event venue. Attendees can utilize VR to discover virtual settings while participating in virtual presentations, outings, or games.

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ERP Software Market Insights

The global ERP software market size was valued at USD 54.76 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.0% from 2023 to 2030. The growing need for operational efficiency and transparency in business processes, the increase in demand for data-driven decisions, and the rise in mobile and cloud applications adoption are key factors propelling the ERP software market growth. However, the growing availability of open-source applications and higher initial investment and maintenance costs are poised to restrain the market growth. An increase in demand for cloud-based ERP solutions, especially from small and medium-sized businesses, is further anticipated to offer numerous opportunities for stakeholders in this market.

ERP implementation in an organization can reduce inventory costs by 25% to 30% and raw material costs by around 15%. Also, it leads to increased profitability for a firm, thus boosting demand. ERP facilitates integration of various organizational processes and the smooth flow of cross-functional information, thus allowing better productivity and decision-making. Moreover, a rising number of SMEs in developing economies, especially China, India, and Brazil, is expected to boost product demand. In addition, penetration of IT technologies in these regions is expected to change consumer behavior, leading to increased adoption of ERP software instead of manual operations.

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

Business Software Industry Data Book Competitive Landscape

Companies are adopting various growth strategies, such as mergers & acquisitions, partnerships, and new product launches to maintain their position in the competitive market.

Key players operating in the Business Software Industry are:

• Aventri Inc.
• General Electric Co.
• Honeywell International Inc.
• International Business Machines Corporation
• Microsoft Corporation

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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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