The packaging segment held the major share in 2020, accounting for nearly 90% of the global polylactic acid market. Increase in demand for packaged foods, snacks, ready-to-eat (RTE) meals, and other items fuels the growth of the segment. The bio-medical segment, on the other hand, would register the fastest CAGR of 20.2% from 2021 to …
Monthly Archives: August 2023
Metal Packaging Market Statistics and Industry Analysis Detailed in Latest Research Study and Analysis Report
The food segment accounted for the largest share in 2020, contributing to more than two-fifths of the global metal packaging market, and is projected to maintain its lead position during the forecast period. Metal packaging ensures extended shelf life period for perishable food products. This trend has increased the dependency of packaged food products among …
Spoolable Pipes Market Things to Know About Worldwide Industrial Growth Analysis with Key Players
The spoolable pipes industry refers to the production and use of a type of flexible, lightweight, and corrosion-resistant piping system that is typically used in industries such as oil and gas, water distribution, and chemical processing. Spoolable pipes are made from composite materials, such as fiberglass, carbon fiber, and thermoplastics, and they come in a …
Abrasives Market To Be Driven By Increasing Demand From End Use Industries In Forecast Period Of 2023-2032
According to the report, the abrasives market valued for $42.6 billion in 2022 and is estimated to reach $67.0 billion by 2032, exhibiting a CAGR of 4.7% from 2023 to 2032. The global abrasives market is driven by an increase in demand from building and construction sector, proliferation of construction and infrastructure projects, infrastructure development …
LED Driver Market Registering a CAGR of 27.2% from 2021 to 2030
According to the report published by Allied Market Research, titled, “LED Driver Market by Luminaire Type (Decorative Lamps, Reflectors, Type A Lamp and Others) Supply Type (Constant Current and Constant Voltage) Component (Driver IC, Discrete Components, and Others), and Industry Vertical (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2030”, the global LED …
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Neem Extract Market Growth Set to Surge Significantly During Forecast Period
The neem extract industry is a sector of the global economy that focuses on the production and commercialization of extracts derived from the neem tree (Azadirachta indica). Neem is a versatile tree native to the Indian subcontinent and is known for its various medicinal, agricultural, and industrial applications. Increased R&D and study in the field …
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Narrowband IoT (NB-IoT) Chipset Market is Registering a CAGR of 52.1% from 2021 to 2030
According to the report published by Allied Market Research, titled, “Narrowband IoT (NB-IoT) Chipset Market by Component (Hardware (Processor, Memory, and Power Management Unit), and Software), Deployment (Guard, In-band, and Standalone), Application (Smart Meters, Smart Parking, Trackers, Alarms & Detectors, Wearable Devices, and Other Devices), and Industry Vertical (Agriculture, Automotive & Transportation, Energy & Utilities, …
Biofuel Additives Market: An Ultimate Guide to How to Grow Your business and Benefit from New Opportunities
The biofuel additives industry plays a crucial role in enhancing the performance and sustainability of biofuels. Biofuels are alternative fuels made from renewable sources such as corn, soybeans, sugarcane, and algae, and they are seen as a more environmentally friendly alternative to traditional fossil fuels. However, like any fuel, biofuels can benefit from the addition …
Sports Tourism Market Share Growing at 16.1% CAGR to Hit USD 1,803,704.0 Million by 2030
According to a new report published by Allied Market Research, titled, “Sports Tourism Market by Product, Type, and Category: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global sports tourism market size was valued at $323,420.0 million in 2020, and is projected to reach $1,803,704.0 million by 2030, registering a CAGR of 16.1% from 2021 …
Resistance Temperature Detector Market Size to Reach $1.7 billion by 2031
According to latest report published by Allied Market Research, titled, “Resistance Temperature Detector Market by Material (Platinum, Nickel, Copper, Others), by Configuration Type (Two Wire RTD Sensors, Three Wire RTD Sensors, Four Wire RTD Sensors), by End Use Industry (Food Processing industry, Automotive industry, Chemical industry, Consumer Electronics, Others): Global Opportunity Analysis and Industry Forecast, …
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