Industries Study Report

Veterinary Rehabilitation Services Industry: Segment Analysis by Therapy Type, 2018 - 2030

Veterinary Rehabilitation Services Industry Data Book Covers Companion Animal, Livestock, and, Wildlife Animal Market

The global Veterinary Rehabilitation Services industry was estimated at USD 651.6 million in 2022 and is anticipated to increase at a significant CAGR of 11.53% from 2023 to 2030.

Grand View Research’s veterinary rehabilitation services industry data book is a collection of market sizing information & forecasts, regulatory data, competitive benchmarking analyses, macro-environmental analyses, and 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.

Companion Animal Rehabilitation Services Market Insights

The global companion animal rehabilitation services market size was valued at USD 499.7 million in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) 11.42% from 2023 to 2030. The growing awareness among veterinarians & pet parents regarding physical rehab therapies as a drug-free & non-invasive treatment for companion animals, improving trends of pet humanization, and increasing incidence of orthopedic & musculoskeletal problems coupled with respective surgery rates, are some of the key factors driving the market. In addition, the increasing number of organizations recruiting volunteer animal rehabilitators is further boosting the market growth. For instance, ‘our companion-animal rescue & sanctuary organization’ in the U.S. offers two different ways for the general public to volunteer in rehabilitating stray companion animals.

The COVID-19 pandemic has negatively impacted the market, majorly in the year 2020. This impact was brought on by the announcement of nationwide & statewide lockdown, which led to movement restrictions and the closure of vet rehabilitation centers. It created hurdles among veterinarians, rehabilitators, and pet parents in accessing physical therapies for their beloved animals owing to the forced cancellation of rehab programs. Moreover, the pandemic also created a looming recession and increased price rates for rehabilitation services, which affected the decisions of pet parents in choosing rehabilitation therapies.

Companion Animal Rehabilitation Services Market, by region, 2022, (%)

Order your copy of the Free Sample of “Veterinary Rehabilitation Services Industry Data Book - Companion Animal, Livestock, and Wildlife Animal Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Livestock Animal Rehabilitation Services Market Insights

The global livestock animal rehabilitation services market size was valued at USD 151.93 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.87% from 2023 to 2030. The market is primarily driven by the rising livestock population in developing countries, growing awareness about the benefits of rehabilitation modalities in livestock treatments, and increasing adoption of physical therapy among injured farm animals to accelerate healing. In addition, government-sponsored livestock rehabilitation organizations and foundations are increasing in developing regions, which further propels the growth of the market.

In the fiscal year 2020, the COVID-19 pandemic negatively impacted the livestock animal rehabilitation services industry. This impact was majorly due to the statewide & nationwide lockdowns announced during the early stages of the health crisis in several countries, which led to the closure of veterinary hospitals and limited access to farm animal rehabilitation services. According to an article published on February 2021 by the Ohio State University (College of Veterinary Medicine), ensuring proper healthcare and well-being of livestock animals during this pandemic was important to maintain a safe and stable food supply for humans. Therefore, veterinary care for farm animals was considered necessary, and hence the services resumed gradually.

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

Veterinary Rehabilitation Services Industry Data Book Competitive Landscape

Key players operating in the veterinary rehabilitation services market are BARC; Essex Animal Hospital, Blue Springs Animal Rehabilitation Center, and Triangle Veterinary Referral Hospital, among others. Veterinary rehabilitation hospitals and centers are routinely implementing strategic measures such as advancing their infrastructure with newer therapeutic instruments and launching novel service offerings for various animal species.

Key players operating in the Veterinary Rehabilitation Services Industry are:

Back on Track Veterinary Rehabilitation Center, LLC
Animal Acupuncture and Rehabilitation Center
BARC
Treasure Coast Animal Rehab & Fitness
Animal Rehab Center of Michigan

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

Cancer Diagnostics Industry: Cervical Cancer Diagnostics Market to outshine 5.65% CAGR, 2023-2030

Cancer Diagnostics Industry Data Book Covers Breast Cancer Diagnostic, Cervical Cancer Diagnostic, Lung Cancer Diagnostic, Liver Cancer Diagnostic, Pancreatic Cancer Diagnostic, and Ovarian Cancer Diagnostic Market

The global Cancer Diagnostics Industry was estimated at USD 45.66 billion in 2022 and is anticipated to increase at a significant CAGR of 5.9% from 2023 to 2030.

Grand View Research’s cancer diagnostics industry data book is a collection of market sizing & forecasts insights, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, and 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.

Liver Cancer Diagnostics Market Insights

The global liver cancer diagnostics market size was valued at USD 5.99 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.96% by 2030. Around the world, liver cancer is among the leading cause of cancer-related deaths. As per the American Cancer Society, since the 1980s, liver cancer occurrence rates have increased three times and death rates have doubled now. According to cancer statistics in 2022, in the U.S., around 41,260 new cases are expected to be diagnosed whereas about 30,520 deaths will account because of liver cancer. The prevalence of liver cancer worldwide and the associated continuous exposure of the population to risk factors will drive the screening & diagnosis market rapidly.

The risk factors for liver cancer include lifestyle changes such as smoking, alcohol consumption, and tobacco chewing, and diseases such as chronic viral hepatitis i.e. hepatitis B virus (HBV) or hepatitis C virus (HCV), cirrhosis, type 2 diabetes, and even obesity. The prevalence of one or more risk factors predisposes the liver and increases the probability of the occurrence of liver cancer. Accurate early detection, diagnosis & staging is important for improving survival rates. This has led to exhaustive initiatives undertaken by many institutes & companies to develop innovative solutions for screening. For example, in October 2022, researchers using the DELFI platform, an AI liquid biopsy technology by Delfi Diagnostics, Inc. presented the findings of accuracy in the detection of patients with liver cancer from patients without cancer, in a cost-effective manner.

Moreover, the growing number of government programs to spread awareness about early detection & diagnosis of liver cancer will also boost the worldwide demand for diagnostics solutions. For instance, in August 2022, the National Cancer Institute (NCI) sponsored researchers from Baylor College of Medicine, Texas with USD 5.5 million in a 5-year grant. The research will have a goal to reduce the burden of liver cancer by analyzing the risk factors, and identification of preventative treatments. Also, collaborative efforts and partnerships by the WHO, National Cervical Cancer Coalition, the U.S. Preventive Services Task Force, the CDC, and others for routine screening programs for liver cancers are key factors anticipated to fuel the growth during the forecast years.

Multiparameter Patient Monitoring System Market size (USD Million), 2022 & 2030, & Market Attributes

Order your copy of the Free Sample of “Cancer Diagnostics Industry Data Book - Breast Cancer Diagnostic, Cervical Cancer Diagnostic, Lung Cancer Diagnostic, Liver Cancer Diagnostic, Pancreatic Cancer Diagnostic and Ovarian Cancer Diagnostic Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Pancreatic Cancer Diagnostic Market Insights

The global pancreatic cancer diagnostic market size was valued at USD 2.37 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.53% from 2023 to 2030. The increasing prevalence of pancreatic cancer and the rise in awareness regarding early disease diagnosis is the leading factor driving the global market. In addition, technological advancements in terms of accuracy & sensitivity of diagnostic tests, evolution in molecular diagnostics, and biomarker tests used for malignancy detection are other factors propelling the market demand forward.

Pancreatic cancer is one of the leading causes of cancer-related deaths globally and the burden of disease is escalating at a significant pace. According to the American Cancer Society, the 5-year relative survival rate of patients having localized pancreatic cancer is around 44%, whereas, in the case of regional and distant stages, the 5-year relative survival rate is 15% and 3% respectively. Therefore, medical professionals and healthcare authorities are emphasizing developing & commercializing precise screening methods to monitor the prevalence levels.

Moreover, early disease diagnosis is very crucial for positive treatment outcomes. As a result, market players and healthcare organizations are raising funds, awareness programs, and research initiatives to promote routine checkups and screenings. For instance, in August 2022, the Pancreatic Cancer Action Network (PanCAN) awarded USD 10.5 million for 16 new grants that would support R&D activities for early detection and better treatment options in cases of pancreatic cancer.

The significant rise in the number of pancreatic malignancy cases is fueling the adoption of screening tests and creating a demand for novel screening tests. According to the National Cancer Institute, in 2022, the number of estimated new cases was 62,210, with 49,830 deaths in the U.S. Currently, diagnostic tests like biomarker tests, liver function tests, biopsies, imaging tests, and others are used in disease diagnosis.

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

Cancer Diagnostics Industry Data Book Competitive Landscape

Key players in this market are implementing various strategies including partnerships, mergers and acquisitions, geographical expansion, and strategic collaborations to expand their market presence. For instance, in February 2023, F. Hoffmann-La Roche Ltd. announced extending its collaboration with Janssen to advance personalized healthcare by focusing on companion diagnostics.

Key players operating in the Cancer Diagnostics Industry are:

GE Healthcare
Abbott
Hoffmann-La Roche Ltd.,
QIAGEN
BD

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

About Grand View Research

Contact:

Acne Skincare Products Industry Top Players Analysis: Johnson & Johnson Services, Inc. and Obagi

Acne Skincare Products Industry Data Book Covers Anti-acne Cosmetics and Anti-acne Dermal Patch Market

The global Acne Skincare Products industry was estimated at USD 5,004.71 million in 2022 and is anticipated to increase at a significant CAGR of 8.85% from 2023 to 2030.

Grand View Research's acne skincare products 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.

Anti-Acne Cosmetics Market Insights

The global anti-acne cosmetics market size was valued at USD 4,464.80 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.14% from 2023 to 2030. The negative social stigma associated with acne and the rising consumption of cosmetics by both men and women, especially from emerging economies are majorly estimated to drive the market growth. The aesthetics industry witnessed significant setbacks due to the COVID-19 pandemic. Since the majority of the cosmetic products are not a medical necessity, lockdown in several countries led to the closure of several beauty salons & med spas, dermatology clinics, and retail stores. However, the online sales of anti-acne cosmetics surged by the end of 2020 as COVID-19 restrictions were eased.

Moreover, the incidence of acne increased during the pandemic, which, in turn, accelerated the market growth. Acne is a highly prevalent skin disorder among adolescents. According to an article published by the Journal of The European Academy of Dermatology and Venereology, more than 95% of boys and nearly 85% of girls are affected by acne during their adolescence. Out of these, nearly 40% experience moderate‐to‐severe acne and nearly 50% continue to have acne in their adulthood. The high prevalence of acne, especially in the young population, is anticipated to fuel market growth. The anti-acne mask segment in the U.S is expected to grow at a significant CAGR from 2022 to 2030.

Acne patients are prone to suffer from anxiety, depression, low self-esteem, poor quality of life, and loneliness. This can be attributed to the emotional and mental associations that an individual has with his/her appearance. According to a study published in the International Journal of Women’s Dermatology, decreased self-esteem and increased embarrassment were observed in nearly 64% and about 89% of women with moderate and severe acne, respectively. These psychological issues are anticipated to prompt patients to seek cosmetic solutions to improve their appearance, thereby driving market growth. These psychological effects are also indirectly fueled by the increasing usage of social media and photo-editing apps.

Anti-Acne Cosmetics Market Key Segment Trends

Order your copy of the Free Sample of “Acne Skincare Products Industry Data Book - Anti-acne Cosmetics, Anti-acne Dermal Patch Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Anti-Acne Dermal Patch Market Insights

The global anti-acne dermal patch market size was valued at USD 539.91 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.20% from 2023 to 2030. The anti-acne dermal patch is a medicated pimple patch filled with active ingredients that helps to eliminate the acne-causing bacteria and reduce inflammation. These patches improve the absorption of the active ingredients into the skin thus reducing pain, bumps, and redness, and are effective in curing inflamed acne, such as papules. The common active ingredients of these patches are tea tree oil and salicylic acid. They may also help to reduce the size of lesions caused by cystic or nodular acne.

The rising incidence of skin conditions such as severe acne and pimples across the globe is anticipated to drive the market for anti-acne dermal patches. Increasing demand for instant acne treatment and medication is one of the major factors supporting the growth of the market. Furthermore, the growing demand for anti-acne dermal patches among the population especially among the teenage group owing to its mass marketing across the social media platforms has also boosted its adoption across the past few years.

However, the advent of the COVID-19 pandemic has hugely affected the overall market for anti-acne dermal patch. The given COVID-19 restrictions have significantly impacted the beauty and personal care industry. Owing the initial lockdown imposed across the world has led to a decline in sales of beauty products including acne patches especially across the brick-and-mortar stores. Disruption in the supply chain and closure of cosmetic manufacturing plants across the globe are few of the factors that have led to the significant decline in the growth rate of the anti-acne dermal patch industry in 2020. For instance, as per an article published by the Baird Investment Advisor Co., Ltd., the parent beauty and personal care industry has witnessed a decline of 2-3% in 2020.

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

Acne Skincare Products Industry Data Book Competitive Landscape

The industry growth is directly associated with the extensive adoption of advanced healthcare technology, the technological shift, and the demand for noninvasive treatment for acne. Moreover, the competition among major market players will become intense in the upcoming years as they focus more on strategic collaborations, geographical expansion, and partnerships through mergers and acquisitions. For instance, in January 2022, L'Oréal and Verily partnered to develop a research program on skin health and advance skin health. This partnership is expected to boost the R&D of novel anti-acne products over the forecast period.

Key players operating in the Acne Skincare Products Industry are:

L’ORÉAL Group
Murad LLC (Unilever)
Johnson & Johnson Services, Inc.
Clinique Laboratories, LLC (Estee Lauder)
Vichy Laboratoires

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

About Grand View Research

Contact:

Livestock Artificial Insemination Industry: Bargaining Power of Buyers, 2023 - 2030

Livestock Artificial Insemination Industry Data Book Covers Bovine, Equine, Swine, Ovine & Caprine Market

The global Livestock Artificial Insemination industry was estimated at USD 6.45 billion in 2022 and is anticipated to increase at a significant CAGR of 6.30% from 2023 to 2030.

Grand View Research’s livestock artificial insemination industry data book is a collection of market sizing information & forecasts, regulatory data, competitive benchmarking analyses, macro-environmental analyses, and 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.

Bovine Artificial Insemination Market Insights

The global bovine artificial insemination market size was valued at USD 2.84 billion in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 6.17% from 2023 to 2030. Increasing demand for beef and dairy products, the need for sustainable food production, advancements in bovine reproduction technology, and supportive initiatives by market participants are some of the key factors driving the market growth.

The COVID-19 pandemic of 2020-21 and macroeconomic headwinds of 2022-23 had a notable impact on the market, with supply chain challenges, dampened growth rate, reduced sales & marketing activities, etc. However, the market is expected to grow notably through 2030, as the underlying drivers continue to fuel its progress. In its 2023 outlook, Genus plc reported no change in its medium-term growth expectations despite the macroeconomic conditions. The company aims to continue leveraging opportunities in the market by promoting the adoption of sexed semen and beef/dairy genetics.

Swine Artificial Insemination Market Competition

Swine Artificial Insemination Market Insights

The global swine artificial insemination market size was valued at USD 1.91 billion in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 6.67% from 2023 to 2030. Increasing consumption of pork meat, adoption of artificial insemination in swine, demand for sustainable food production, and initiatives by key market players are some of the leading factors contributing to the market growth. As per OECD estimates, global consumption of pork meat is projected to increase from 112.58 megatons in 2022 to 127.27 megatons in 2029. Amongst the several countries, China is a major producer as well as consumer of pork meat and is expected to remain dominant over the forecast period.

The market was significantly impacted by the African swine fever, the COVID-19 pandemic, as well as the macroeconomic challenges of 2022. A major impact of the African Swine Fever was observed in 2018-19 wherein there was a notable decline in sow herds in key markets such as China. Customers in the value chain also faced issues such as high grain, fuel, and fertilizer prices; the continued adverse impact of COVID-19 on operations, supply chain hurdles, and inflationary pressures on input costs.

Order your copy of the Free Sample of “Livestock Artificial Insemination Industry Data Book - Bovine, Equine, Swine, Ovine & Caprine Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Ovine & Caprine Artificial Insemination Market Insights

The global ovine and caprine artificial insemination market size was valued at USD 1.06 billion in 2022 and is expected to grow at a CAGR of 6.25% from 2023 to 2030. The unlimited breeding selection, access to a wide variety of ram (male sheep) and buck (male goat) at a relatively lower price, reduced risk of ruminant diseases that spread through sexual contact, and more mating per buck or ram are some of the key factors driving this market. In addition, the producer of goats and sheep can make genetic improvements through Artificial Insemination (AI) by preventing the risk of diseases and economic loss. Ovine breeding through artificial insemination has assumed greater importance, with commendable achievements reported in the U.S., Eastern & Central Europe, and South American regions.

The COVID-19 pandemic harmed the market during the year 2020. Most veterinary and livestock hospitals halted artificial insemination activities during the pandemic as it was not considered an emergency treatment. Ovine & Caprine artificial insemination & seminal fluid collection companies faced significant supply chain challenges owing to the increased animal welfare issues, zoonotic measures, and state & nationwide lockdowns. However, several animal husbandries continued their AI activities of collecting, preparing, and storing normal & sexed semen during the period. Considering the up and downside scenarios, the market witnessed a slight dip in growth rate during the year 2020.

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

Livestock Artificial Insemination Industry Data Book Competitive Landscape

The livestock artificial insemination market is highly competitive, with several companies and organizations operating globally. These entities provide a range of services and products related to artificial insemination, including semen collection, processing, storage, distribution, and reproductive management. Genus, for instance, is one of the leading companies in the livestock genetics industry. They offer artificial insemination services and have a wide portfolio of genetics for dairy and beef cattle, pigs, and sheep.

Key players operating in the Livestock Artificial Insemination Industry are:

Genus Plc
SEMEX
URUS Group
STgenetics
Munster Bovine
Stallion AI Services

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

About Grand View Research

Contact:

Lubricants Industry: Product Demand in Europe is Expected to Grow at a CAGR of 2.8% over the forecast period

Lubricants Industry Data Book Covers Automotive Lubricants, Industrial Lubricants, Marine Lubricants, and Aerospace Lubricants Market

The global Lubricants industry was estimated at 42.49 million tons in 2022 and is anticipated to increase at a significant CAGR of 3.0% from 2023 to 2030.

Grand View Research’s Lubricants Industry 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 Industrial outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Industrial Lubricants Market Insights

The global industrial lubricants market size was valued at 16.24 million tons in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.1% from 2023 to 2030. Rapid industrialization in developing countries followed by a rise in the number of trade activities fuels the demand for industrial lubricants. Rising investments in R&D activities along with proper expansion channels help the growth of key players. Some industries slated to witness considerable growth include unconventional energy, chemicals, and mining. This trend is expected to further strengthen product demand in compressors, hydraulics, industrial engines, centrifuges, and bearings.

Over the past decade, emerging economies such as India, Japan, South Africa, China, and Brazil have witnessed a significant rise in the industrial sector. Industries such as the ones manufacturing foundry, plastics, metal consumer appliances, and more, along with mining industries have gained significant importance and thus demand high-quality industrial lubricants.

This trend has led to the increasing use of lubricants such as process oils, metalworking fluids, industrial oils, and engine oils. Stable industrial output in these markets is expected to continue to drive the demand for industrial lubricants. India has a significant market share of process oils, with over half of the total industrial lubricant demand. Rapid growth and development in power generation & distribution have driven the demand for transformer oils.

Automotive Lubricants Market Insights

The global automotive lubricants market size was estimated at 24.18 million tons in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.8% from 2023 to 2030. Growing demand for high-performance and lightweight vehicles in emerging economies such as India and China along with a shift in consumer preference towards sustainable lubricants is the key factor driving the market growth.

Increasing automotive production coupled with a shift in trend from heavy vehicles to lightweight vehicles is a key driving factor since the latter contributes significantly to weight savings and lower carbon emissions. A 10% reduction in the weight of an automobile results in approximately 5% to 7% fuel savings. In addition, the reduced weight also aids in controlling the emission of CO2 throughout the life cycle of the vehicle. It further helps the overall performance of the vehicle in terms of acceleration and handling. Moreover, the reduction in mass at unhinged points provides for a reduction in noise and vibration, making it a smoother ride. Thus, growing concerns regarding fuel consumption and greenhouse gas (GHG) emissions are expected to boost the demand for lubricants in commercial as well as passenger vehicles.

The U.S. is the largest consumer of the product in North America with a revenue share of 67.7% in 2022. According to the International Trade Administration, the U.S. is the second largest market for sales and production of vehicles in 2022 with light vehicles accounting for 14.5 million units of sales. Additionally, according to the Motor & Equipment Manufacturers Association, the foreign direct investment for the automotive industry in the country amounted to USD 143.3 billion in 2019. Thus, the advancing automotive industry in the country is anticipated to be the major driving force for the product over the forecast period.

Order your copy of the Free Sample of “Lubricants Industry Data Book - Automotive Lubricants, Industrial Lubricants, Marine Lubricants and Aerospace Lubricants Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Marine Lubricants Market Insights

The global marine lubricants market size was valued at 1.93 million tons in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.4% from 2023 to 2030. Rising demand for durable products and increasing trade activities, especially in emerging economies of Asia Pacific, are among the key trends escalating market growth. The U.S. is the largest consumer of the product in North America with a revenue share of 70.9% in 2022.

Marine engine oils are the major segment within the marine lubricants market space in the U.S. The production of finished goods that are in high demand in emerging economies is resulting in increased exports from the U.S. As air transport has its limitations, goods are transported through the sea route. Marine lubricants are widely utilized in the shipping industry to protect and enhance the efficiency of engines and equipment. These are high-performance fuels, specially designed to enable optimal performance in operations. They possess various exceptional inherent characteristics such as extending engine life and protecting components at high temperatures, improving performance and reliability of machinery, enhancing protection from mechanical wear and mitigating cold corrosion.

Extensive R&D in the global marine industry Changing needs arising from various high-performance heavy shipping industries are leading to extensive R&D activities in the global marine sector. This is prompting the development of a variety of products to offer reduced maintenance, improved oil life, and superior machine operating performance.

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

Lubricants Industry Data Book Competitive Landscape

The global lubricants market is competitive markets with a large number of well diversified regional, and independent small scale and large scale manufacturers and suppliers. The small-scale companies majorly compete on the basis of price, after sales service and delivery timelines. Whereas the large scale companies focus on product development and innovations as well as marketing strategies. Some companies are also redefining their supply chain to reduce cost and customer delays.

Key players operating in the Lubricants Industry are:

ExxonMobil Corp.
Royal Dutch Shell Co.
British Petroleum
Total Energies
Chevron Corporation
Fuchs Group

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

About Grand View Research

Contact:

Facial Rejuvenation Products Industry Porter's Five Forces Analysis and Technology Landscape

Facial Rejuvenation Products Industry Data Book Covers Facial Injectable, Skin Boosters, Facial Skincare, and Anti-Acne Cosmetics Market

The global Facial Rejuvenation Products industry was estimated USD 104.7 billion in 2022 and is anticipated to increase at a significant CAGR of 6.4% from 2023 to 2030.

Facial Rejuvenation Products industry data book, compiled by Grand View Research, 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.

Facial Injectable Market Insights

The global facial injectable market size was valued at USD 12.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2030. A growing focus on physical appearance among consumers has led to an increased demand for facial injectables in recent years. Increasing awareness regarding minimally invasive procedures due to various beauty campaigns being organized by key players in the market is also a driving factor for market growth. The ongoing COVID-19 pandemic has increased the time spent on video calls. Popularly known as the ‘Zoom Boom’, several adults are becoming more aware of their appearance. This has increased demand for cosmetic surgeries, with Botox being one of the most popular products preferred.

Patients are also opting for cosmetic surgeries owing to the ease of recovery while staying at home. Thus, the market witnessed a spike in demand during the pandemic and this trend is expected to boost further. The presence of well-established key players like Allergan; Sinclair Pharma; Galderma with comprehensive injectable fillers portfolios treating a broad range of skin indications like wrinkles, pigmentation, plumping of lips, and scars, restoring facial fullness. Furthermore, demand enhancing facial contours is also expected to drive the demand for facial injectable procedures thereby boosting market revenue. Increasing social media exposure, rising effectiveness, and approvals for facial injectables as well as the escalating desire among the global population to look aesthetically appealing and young are expected to drive the market during the forecast period.

Minimally invasive surgeries are rapidly replacing invasive surgeries. For instance, according to the American Society of plastic surgeons, nearly 18 million aesthetic treatments were undertaken by Americans in 2020. Moreover, nearly 16 million of these were done using cosmetic products, signaling an overwhelming demand for minimally invasive treatment from patients.Thus, the increasing adoption of minimally invasive surgeries, coupled with the availability of a wide range of such treatment options drives the market growth.

Facial Injectable Market growth by product segments & trends, 2020 - 2030 (USD Million)

Order your copy of the Free Sample of “Facial Rejuvenation Products Industry Data Book - Facial Injectable, Skin Boosters, Facial Skincare and Anti-Acne Cosmetics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Anti-acne Cosmetics Market Insights

The global anti-acne cosmetics market size was valued at USD 3.1 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.1% from 2022 to 2030. The negative social stigma associated with acne and the rising consumption of cosmetics by both men and women, especially from emerging economies are majorly estimated to drive the market growth. The aesthetics industry witnessed significant setbacks due to the COVID-19 pandemic. Since the majority of the cosmetic products are not a medical necessity, lockdown in several countries led to the closure of several beauty salons & med spas, dermatology clinics, and retail stores. However, the online sales of anti-acne cosmetics surged by the end of 2020 as COVID-19 restrictions were eased.

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

Facial Rejuvenation Products Industry Data Book Competitive Landscape

Mergers & acquisitions are one of the key sustainable strategies undertaken by market players. For instance, L'Oréal, is planning to undertake mergers& acquisitions in India to expand its skin and make-up portfolio to meet the country’s increasing demand for cosmetic products. The manufacturers of skin booster products are aiming to strengthen their tie-ups with aesthetic facilities like dermatology clinics and Medspa in order to generate revenue. For instance, in October 2020, Allergan acquired the aesthetics division of Luminera which is an Israeli Research And Development company specializing in dermal fillers that are easy for injectors to work with and provide natural-looking, skin rejuvenating results

Key players operating in the Facial Rejuvenation Products industry are:

Ipsen
Merz Pharma
Suneva Medical, Inc.
Medytox Inc.
Sinclair Pharma
Bloomage BioTechnology Corporation Limited

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

About Grand View Research

Contact:

Cryptocurrency Industry: Cryptocurrency Mining Hardware Market to grow at a CAGR of 9.3% by 2030

Cryptocurrency Industry Data Book Covers Cryptocurrency Mining Hardware and Exchange Platform, Crypto Wallet, Cryptocurrency Payment Apps, and Crypto ATM Market

The global Cryptocurrency industry was estimated at USD 40.09 billion in 2021 and is anticipated to increase at a significant CAGR of 26.8% from 2022 to 2030.

Grand View Research’s cryptocurrency 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.

Cryptocurrency Exchange Platform Market Insights

The global cryptocurrency exchange platform market size was valued at USD 30.18 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 27.8% from 2022 to 2030. The growing popularity of digital assets, such as cryptocurrencies and Non-Fungible Tokens (NFTs), is anticipated to increase the demand for cryptocurrency exchange platforms. People in developed countries, such as the U.S. and Canada, are rapidly adopting digital currency owing to its flexibility and ease of transaction. In addition, the rising acceptance of mobile-based trading platforms is expected to create opportunities for the industry. Furthermore, cryptocurrencies use blockchain technology for decentralization and efficient transactions.

Blockchain technology offers fast, secure, decentralized, transparent, and reliable transactions; hence, the companies are investing in blockchain and collaborating to deliver quality services to the consumers. For instance, in July 2022, KuCoin, one of the prominent cryptocurrency exchange platforms, announced its partnership with Coinrule Ltd., a trading bot for cryptocurrency platforms, to provide automated trading to its customers. In addition, traders using Kucoin’s platform are able to trade margin options, cryptocurrency futures, and perpetual swaps through Coinrule API. The growing popularity of cryptocurrencies as a medium of exchange for products and services led the central banks to support and accept digital currencies across the globe.

Furthermore, various prominent players are introducing innovative products, such as NFTs and Exchange Traded Funds (ETFs), which are expected to support the growth of the industry. For instance, in August 2022, an NFT ETF trading zone was introduced by KuCoin, a worldwide cryptocurrency exchange for more than 20 million users. The product seeks to lower the investment threshold for blue-chip NFTs and increase the liquidity of NFT assets. Prolonged crises with increasing inflation and the rising cost of living adversely affected nations, such as Iran, Venezuela, and El Salvador. Consequently, residents of these countries are shifting toward cryptocurrencies as a medium of exchange for basic utilities and a form of value storage.

It is anticipated to act as a substitute for fiat currencies, such as the Rial, the Bolivar, and other government-issued fiats in such regions. As a result, the growing demand for cryptocurrencies from these countries is expected to create a positive outlook for the industry. Although cryptocurrency is a new-age financial technology, the absence of laws and a uniform standard for exchange platforms & digital money is projected to limit its expansion. Regulators across the globe are concerned over the exploitation of such platforms for illegal activities, which is a major obstruction to the market’s growth. On the other hand, the advantages offered by blockchain and cryptocurrencies outweigh the increasing illegal activities. In addition, the government authorities have the potential to prevent such activities and regulate the exchanges in a manner that they can monitor suspicious activities.

Order your copy of the Free Sample of “Cryptocurrency Industry Data Book - Cryptocurrency Mining Hardware & Exchange Platform, Crypto Wallet, Cryptocurrency Payment Apps and Crypto ATM Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 - 2030” Data Book, published by Grand View Research

Crypto Wallet Market Insights

The global crypto wallet market size was valued at USD 6.97 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 24.4% from 2023 to 2030. Crypto wallets keep cryptocurrency safe and secure by storing their private keys in the wallet. Crypto wallets also allow sending, receiving, and spending of cryptocurrencies such as Ethereum and Bitcoin. Crypto wallets come in many forms, including hardware wallets or mobile wallets. Crypto holdings are stored on the blockchain and can only be accessed using private keys stored in crypto wallets. These private keys are proof of ownership, and hence protecting them is essential. The robust security provided by the crypto wallets is expected to impel the demand for crypto wallets, thereby driving the future market growth.

As of August 2022, the number of crypto wallet users reached 84.02 million worldwide, from 76.32 million users in August 2021. The increasing growth in crypto wallet usage can be attributed to the growing use of cryptocurrency. The number of crypto buyers has increased now more than ever. With more crypto buyers emerging, companies increasingly offer digital payment options across all channels. Additionally, increasing competition in the banking section, growing distrust in banks & financial systems, and increasing money laundering activities are the reasons for the increased use of cryptocurrency. The growing adoption of cryptocurrency is driving the adoption of the private crypto wallet.

The number of financially aware and technologically inclined adults has increased in the past few years, contributing to the greater adoption of cryptocurrency and its infrastructure, such as crypto wallets. With an increasing demand for cryptocurrencies, the number of merchants offering crypto payment options has also increased significantly.

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

Cryptocurrency Industry Data Book Competitive Landscape

The market players have adopted new product development as their key developmental strategy to cater to the increasing demands of end users. Additionally, they have obtained approvals to launch their products across various countries. For instance, in May 2022, Robin Hood, a financial service company, announced the launch of a new independent Web 3.0 cryptocurrency wallet that will cover clients' transaction costs on the blockchain network without keeping control of their assets. This launch will make it easy for the users to hold their keys and experience all the open financial system's opportunities.

Key players operating in the Cryptocurrency industry are:

BlockFi International Ltd
Coinmama
eToro
Coinbase
Binance

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

About Grand View Research

Contact:

Textile Industry Top Players Analysis: Paramount Textile Limited and Paulo de Oliveira, S.A

Textile Industry Data Book Covers Household Textile, Technical Textile, and Fashion Textile Market

The global Textile industry was estimated at USD 1,599.1 billion in 2022 and is anticipated to increase at a significant CAGR of 7% from 2023 to 2030.

Grand View Research’s textiles 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 an agricultural statistics e-book.

Household Textile Market Insights

The global Household Textile Market size was estimated at USD 152.49 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% during the forecast period. Textiles considered under the household application segment of the market include the ones used in, some of which include bedding, kitchens, upholstery, and towels. Natural fibers such as cotton and linen, as well as synthetic fibers such as polyester and acrylic polyamides, are mainly used for manufacturing household textiles. These textiles are referred to as soft furnishings and include items such as dish towels, bath towels, shower curtains, table linens, and others.

China accounted for just over 19% of the global demand for household textile in 2022, with the country also supplying 30% of global fabric material. The U.S. follows suit after China, as the second largest consumer of household textile. Both countries are characterized by the significant development of their agrarian economies and the concurrent textile demand of their respective populations.

Order your copy of the Free Sample of “Textiles Industry Data Book - Household Textile, Technical Textile and Fashion Textile Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Fashion Textile Market insights

The global Fashion Textile Market size was estimated at USD 1,227.74 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% during the forecast period. Fashion is gaining importance in the lifestyle of consumers worldwide owing to their constant exposure to advertisements and sales that result in impulsive buying behavior in them. In addition, social media is a key factor contributing to the fast and latest fashion trends. Companies such as H&M and Zara are utilizing social media platforms to reach out to their potential customers and enhance their share in the market.

The fashion segment led the textile market in terms of revenue in 2022 by accounting for a share of over 51% of the market. This segment of the textile market has been further categorized into apparel, ties & clothing accessories, and handbags. Surging demand for crease-free suiting and shirting, as well as quality dyed and printed fabrics from consumers in countries of Asia Pacific, is expected to drive the growth of the fashion segment of the textile market in the coming years.

Go through the table of content of Textile Industry Data Book to get a better understanding of the Coverage and scope of the study

Textile Industry Data Book Competitive Landscape

The global textile industry is moderately competitive, with companies increasing their product portfolio and expanding their production capacity to serve the growing demand, particularly in emerging markets. However, the market's fragmented nature is expected to refrain investments by prospective companies over the forecast period. Furthermore, several companies, such as Invista and Weiqiao Textile Co., Ltd. adopted expansion strategies to strengthen their market position and have a competitive edge over others.

Key players operating in the Textile industry are:

BSL Limited
INVISTA S.R.L
Lu Thai Textile Co., Ltd
Paramount Textile Limited
Paulo de Oliveira, S.A
Successori REDA S.p.A

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

About Grand View Research

Contact:

Waste Management Industry: Service Estimates and Trend Analysis, 2023 - 2030

Waste Management Industry Data Book Covers Plastic Waste Management, Food Waste Management, and Waste Recycling Services Market

The global Waste Management industry was estimated at USD 1.24 trillion in 2021 and is anticipated to increase at a significant CAGR from 2023 to 2030.

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

Plastic Waste Management Market Insights

The global plastic waste management market size to be valued at USD 42.2 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 3.1% during the forecast period. Rapid industrialization, rising urbanization, and increasing concern towards the environmental impact of improper plastic waste management are anticipated to drive the market over the forecast period.

The plastic market is growing significantly owing to its unique properties and a wide range of applications. Increasing usage of plastic is also generating plastic waste, which is non-degradable and is responsible for significant greenhouse gas emissions that can lead to huge ecological crises. Therefore, the growing need for proper disposal management of plastic waste is anticipated to drive the market over the forecast period.

The U.S. is one of the largest plastic waste generating countries. The recycling rate of plastic in the country is very less as compared to the overall plastic waste generation in the country. The U.S. exports most of its plastic waste to the countries including China, Hong Kong, Ecuador, Colombia, Indonesia, Vietnam, and Thailand, where it is recycled or processed for energy generation or disposed of in landfills.

Plastic Waste Management Market Share, by country, 2019 (%)

Order your copy of the Free Sample of “Waste Management Industry Data Book - Plastic Waste Management, Food Waste Management and Waste Recycling Services Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Waste Recycling Services Market insights

The global waste recycling services market size to be valued at USD 81.3 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% during the forecast period. The rising consumer awareness pertaining to the benefits of garbage recycling is anticipated to have a positive impact on the market growth over the forecast period. During the COVID-19 pandemic, impositions of lockdown gave rise to a new type of waste known as pandemic waste, which includes gloves, masks, and respirators along with their packaging, which increased the waste generated due to the disruptions in the waste collection activities.

Ease in the movement restriction by the governments of various countries has formulated policies to tackle the waste, which is expected to complement the market growth. The pandemic has led to the panic buying of essentials, such as food, toilet papers, and cleaning products, which increased the waste generated during the lockdowns and also increased the demand for single-use plastics in the U.S.The pandemic has disrupted the U.S. waste recycling industry owing to the limitations on commercial activities.

Rising concerns regarding waste management, coupled with increasing challenges pertaining to waste disposal, are expected to drive the demand for waste recycling services over the forecast period. The adoption of rigorous laws has accelerated research and development initiatives in waste recycling, which is expected to promote market growth over the forecast period. Increasing awareness about effective waste disposal for the preservation of animal and human health has resulted in the development of numerous disposal methods and procedures.

The presence of high amounts of hazardous chemicals in the trash, such as metals and salts, has compelled the waste generating companies to dispose of or recycle the waste in a timely way. Urban population growth and increased disposable incomes are predicted to drive the domestic housing sector across the world. As a result, upgrading the housing sector will improve the penetration of these recycling services, which, in turn, will boost the market growth over the forecast period.

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

Waste Management Industry Data Book Competitive Landscape

Strategies adopted by the companies usually include product portfolio expansion, collection network expansion, and geographic network expansion. Veolia Group is one of the key companies in the global industry, which helps industries with an integrated waste management services to reduce costs and environmental footprint.

Key players operating in the Waste Management industry are:

Waste Management, Inc.
Veolia
Valicor
Waste Connections
Republic Services
Biffa

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

About Grand View Research

Contact:

Veterinary Imaging Instrument Industry Type Estimates, Revenue Drivers and Restraint Analysis

Veterinary Imaging Instrument Industry Data Book Covers Veterinary X-Ray, Veterinary Ultrasound, Animal MRI, and Animal/Veterinary CT Imaging Market

The global Veterinary Imaging Instrument industry was estimated at USD 1.44 billion in 2021 and is anticipated to increase at a CAGR of 5.7% from 2022 to 2030.

Grand View Research’s Veterinary Imaging Instrument industry data book is a collection of market sizing information & forecasts, regulatory data, competitive benchmarking analyses, macro-environmental analyses, and 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.

Veterinary X-Ray Market Insights

The global veterinary x-ray market size is estimated at USD 546.96 million in 2021 and is expected to grow at a lucrative compound annual growth rate (CAGR) of 4.0% over the forecast period. Demand for veterinary X-rays has increased due to a greater emphasis on animal health innovation, a greater need for diagnostics, increased pet adoption, and increased adoption of radiography in veterinary orthopedics, dentistry, and in several other indications. Furthermore, the increasing incidence of zoonotic diseases has increased the demand for effective diagnostic solutions, which is expected to drive global market growth. Moreover, technological advancements in X-ray diagnostics are further expected to boost adoption. For instance, in September 2022, SK Telecom from Korea launched an AI based diagnosis assistance X-ray service called X Caliber, capable of delivering quick analysis to the veterinarian.

The emergence of covid-19 had an impact on the entire healthcare sector, including veterinary medicine. The covid-19 was found to have slightly halted the growth of the market since several non-essential surgeries are restricted across the globe during the pandemic. Furthermore, strict restrictions on the transportation of individuals and goods led to a restricted patient influx in veterinary centers. Similarly, the shortage of skilled veterinarians, combined with suspended/postponed elective surgeries, significantly disrupted the activities of veterinary facilities, having a slightly negative impact on market providers.

Veterinary MRI Market Insights

The global veterinary MRI market size was valued at USD 198.80 million in 2021 and is expected to expand at a lucrative compound annual growth rate (CAGR) of 7.3% from 2022 to 2030. The growth is primarily driven by the increasing pet humanization, technological advancements, initiatives by key companies, and the adoption of pet insurance. For instance, Time Medical Systems based in Hong Kong, offers 4 magnetic resonance imaging (MRI) scanners in the veterinary space namely, Panion Premie, Panion Pro, Panion, and Panion+. Panion for example is a dedicated open veterinary MRI machine that provides affordable diagnostic MR scans for pets.

Technological advancements are a key driver contributing to market growth. Companies are involved in the R&D of products, product launches, and upgrades to overcome challenges and increase their market share. For example, in November 2022, Hallmarq Veterinary Imaging launched a zero-helium small animal MRI machine in response to the shortage of helium supply, soaring helium prices, and enhanced sustainability. The new machine does not require helium or any additional power to cool the MRI magnet coils. It instead uses vacuum technology and a conduction-based cooling system.

Order your copy of the Free Sample of “Veterinary Imaging Instrument Industry Data Book - Veterinary X-Ray, Veterinary Ultrasound, Animal MRI, and Animal/Veterinary CT Imaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Veterinary CT Imaging Market Insights

The global veterinary CT imaging market size was estimated at USD 161.59 million in 2021 and is expected to expand at a lucrative compound annual growth rate (CAGR) of 6.7% from 2022 to 2030. The market growth is propelled by factors such as the advancing imaging modalities in veterinary medicine and its potential to transform the knowledge of complicated veterinary disorders. Some of the current veterinary research in both laboratory and clinical settings have been greatly influenced by the applications of CT imaging. Owing to technological advancements, CT imaging has been increasingly accessed by general veterinary practitioners in developed countries. In many veterinary cases, CT has become commonly explored as they provide valuable information that is not obtained using other imaging modalities such as radiography and ultrasound. Moreover, other factors such as the growing adoption of pets, rising veterinary expenditure, an increasing number of veterinary clinics with improved infrastructure, and emerging CT imaging centers are further driving the market growth.

The generation of images in CT is rapid comparing other veterinary diagnostic modalities. In addition, considering the cost and availability, CT has significantly prohibited the use of MRI in many cases. The easy availability of computed tomography has enabled veterinarians to adopt the modality to diagnose with unprecedented accuracy and speed. Hence, the future of veterinary CT imaging is anticipated to be highly dynamic. For instance, according to a study published in June 2022, by the National Library of Medicine, the veterinary imaging market is likely to grow with more trained radiologists in near future. The most common anatomies imaged using CT include bones/joints, spine, nasal cavity, chest/lungs, and dental region. However, the process of scanning animals depends on their size, bone structure, and tissues.

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

Key players operating in the Veterinary Imaging Instrument industry are:

IDEXX Laboratories, Inc.
FUJIFILM Holdings America Corporation
Hallmarq Veterinary Imaging Ltd
Carestream Health
Sound

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

About Grand View Research

Contact:

Food Packaging Industry Driver, Restraint, Challenges and Opportunities Study

Food Packaging Industry Data Book Covers Flexible Food Packaging, Fresh Food Packaging, Food Container, and Micro-perforated Food Packaging Market

The global Food Packaging industry was estimated at USD 346.5 billion in 2021 and is anticipated to increase at a significant CAGR from 2023 to 2030.

Grand View Research’s food packaging 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 along with a statistics e-book.

Fresh Food Packaging Market Insights

The global fresh food packaging market size was estimated at USD 129.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2022 to 2030. Increasing demand for organic fresh food products like fruits, vegetables, and dairy from diet and health-conscious consumers is expected to have a positive impact on the market over the forecast period. Furthermore, ever-increasing foodservice operators and retail chains in North American and European economies are projected to switch from plastic packaging to a sustainable solution to attract an environment-conscious consumer base in the region. Thus, the aforementioned factors are expected to drive the demand for eco-friendly fresh food packaging.

Plastic resins such as polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), polystyrene (PS), and others like paper pulp, metals, and glass are mainly used to package produce products. These plastic resins are derived from crude oil. In addition, materials like steel, aluminum, and glass are energy-intensive materials. Therefore, continuous fluctuation in crude oil prices leads to uncertainty around the availability of raw materials at lower or economical prices creating challenges for fresh food packaging.

Furthermore, to curb the humongous amount of plastic waste generated annually, many regulatory bodies and governments around the world have imposed restrictions on the generation of primarily plastic waste over the years. The regulatory bodies are emphasizing the circular economy under which higher importance would be given to the reusability of packaging products and strengthening of recycling activities which is expected to create challenges for the plastic material and opportunities for paper and paper board, bagasse, and polylactic acid.

Fresh Food Packaging Market share, by region, 2022 (%)

Order your copy of the Free Sample of “Food Packaging Industry Data Book - Flexible Food Packaging, Fresh Food Packaging, Food Container and Micro-perforated Food Packaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Food Container Market Insights

The global food container market size was valued at USD 147.5 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030. The market growth is expected to be driven by the growing demand for packaged food products across the globe. Moreover, the convenience offered by these containers in packaging, carrying, and transporting food products is another major factor driving the product demand in the global industry. Packaged foods primarily include Ready-To-Eat (RTE) meals, RTE convenience foods, frozen meals, cake mixes, snacks, and desserts, among others. The growing demand for these products is expected to force manufacturers to enhance production capacities, which, in turn, will fuel the demand for food containers over the forecast period. Due to the COVID-19 pandemic, the market witnessed sluggish growth in 2020.

Raw material shortage due to supply chain disruption resulted in the reduced production of food containers. Several major players witnessed a decline in their annual revenue in 2020. For instance, the annual turnover of Amcor plc reduced by approximately 6% in 2020 compared to 2019.

As the food items come under the essential products, the demand for the packaged food items has increased during the pandemic. Moreover, with the deep market penetration and the strong supply chain of established food brands in several economies, the demand for food containers has not witnessed a downfall. However, the turnover of various big companies, such as Amcor plc, has declined in 2020 due to supply chain disruptions and transportation restrictions.

Food containers help in increasing the shelf life of products by preserving and preventing food from deterioration. Increasing consumer awareness regarding sustainability and environmental issues is expected to influence the market. Moreover, the increasing focus of manufacturers on innovation and aesthetics of the food containers is also significantly attracting food manufacturers to offer their products in different innovative food packaging, which, in turn, is expected to fuel the market growth in the near future.

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

Food Packaging Industry Data Book Competitive Landscape

The increasing popularity of ready-to-eat foods, frozen foods, and convenience foods is expected to be one of the factors that are accelerating the growth of the food packaging market. Furthermore, the rising demand for sustainable and eco-friendly food packaging products and solutions by consumers and food processing companies is expected to enhance market growth. Stringent government policies and regulations regarding the use of plastic are increasing the demand for eco-friendly packaging products.

Key players operating in the Food Packaging industry are:

Berry Global Inc.
Amcor plc
American Eagle Packaging
Sealed Air Corporation
Sigma Plastics Group
Mondi

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

About Grand View Research

Contact: