A Market Place Research – Page 1491

Cosmetic Packaging Market Research Report, 2031 | Size, Share, Trends and Global Industry Forecast

According to a new report published by Allied Market Research, titled, “Cosmetic Packaging Market,” The cosmetic packaging market size was valued at $34.3 billion in 2020, and is estimated to reach $55.9 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.

Commonly observed material types of cosmetic packaging materials are glass packaging, paper-based packaging, plastic packaging, and metal packaging. Among these, the plastic packaging accounted for the highest market share in 2020, owing to surge in spending on creamy cosmetic products. The market is analyzed with respect to different packaging type such as tubes, bottles, dispenser, and others. The applications covered in the study include oral care, skin care, hair care, makeup, and perfume.

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The growth of the cosmetic packaging market is majorly driven by rise in expenditure on cosmetic products by individuals and the development of cosmetic packaging that are easy to handle, durable, and environment-friendly. Moreover, the development of the e-commerce industry notably contributes toward the market growth.

In 2020, Asia-Pacific dominated the global cosmetic packaging market share, in terms of revenue, followed by North America and Europe. This is attributed to rise in use of cosmetic packaging for skin care cosmetic products.

Advancements in printing technology have enhanced the appearance of cosmetic packaging, thereby increasing their desirability, thus increasing the demand for cosmetic products. Packages made of plastic are widely used for cosmetics, as they are durable, easy to manufacture, and can take any shape. In addition, the development of environment-friendly packaging is helping manufacturers to move toward a sustainable future.

For instance, in June 2021, Berlin Packaging, acquired Raepak Limited, a manufacturer of plastic packaging for cosmetics and personal care end-markets. It also offers a wide range of recyclable and eco-friendly packaging. This deal will enable Berlin Packaging to enhance its environment-friendly packaging products in the UK.

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However, during the pandemic lockdown, various manufacturers in the cosmetic packaging market had to stop their business in countries such as China, the U.S., and India. This directly impacted sales of cosmetic packaging manufacturing companies. In addition, lack of manpower and raw materials constricted supply cosmetic packaging components, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to positively influence cosmetic packaging market growth.

The key companies profiled in the cosmetic packaging market report include Albea SA, Amcor PLC, Aptargroup Inc., Big Sky Packaging, Berlin Packaging, Berry Global, Inc., DS Smith PLC, HCP Packaging Co. Ltd., Huhtamaki Oyj, and Sonoco Products Company.

KEY FINDINGS OF THE STUDY

The report provides an extensive analysis of the current and emerging cosmetic packaging market trends and dynamics.
Depending on packaging type, the bottles cosmetic packaging dominated the cosmetic packaging market, in terms of revenue in 2020, and the robotic cosmetic packaging segment is projected to grow at a significant CAGR during the cosmetic packaging market forecast.
By application, skin care registered highest revenue in2020.
Asia-Pacific is projected to register highest growth rate in the coming years.
The key players within the cosmetic packaging market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the cosmetic packaging industry.
The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth cosmetic packaging market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.

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Route Optimization Software Market Rising Trends, Demands and Business Outlook 2030

The rise in information and computer technology expenditure and the adoption of online cab bookings have boosted the growth of the global route optimization software market. However, the lack of IT infrastructure in developing countries hinders the market growth.

On the contrary, the growth of the internet of things (IoT) and the adoption of web-based services & advanced communication technologies open new opportunities for the market players in the future.

According to a new report published by Allied Market Research, titled, “Route Optimization Software Market size was valued at $4,325.40 million in 2020, and is estimated to reach $16.3 Billion by 2030, growing at a CAGR of 14.2% from 2021 to 2030.

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By solution, the service segment would register the highest CAGR of 17.2% during the forecast period, as it ensures the effective solution functioning with transparency and control throughout the process.

However, the software segment held the largest share in 2020, accounting for nearly three-fourths of the global route optimization software market. It offers optimized route scheduling for pickup planning, freight arrival time approximation, route identification, and inventory routing.

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By deployment mode, the on-premise segment dominated the market in terms of revenue in 2020, contributing to nearly three-fourths of the global route optimization software industry, as the software can be managed internally by the company. However, the cloud segment is projected to register the highest CAGR of 18.7% from 2021 to 2030, as it offers access to applications & functionality.

By region, the market across North America held the largest share in 2020, contributing to nearly two-fifths of the market, due to demand for innovative route optimization software solutions to meet several operational and development demands.

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However, the global route optimization software market across Asia-Pacific is anticipated to portray the highest CAGR of 16.6% during the forecast period, owing to the high demand for route optimization software solutions and the growth in the online transportation industry in the region.

Key market players

FLS- Fastleansmart
Geoconcept
MiTSystems
Optimoroute, Inc.
ORTEC
Paragon Software Systems, PLC.
Prism Visual Software, Inc.
Route4Me, Inc.
ROUTIFIC
Wise Systems, Inc.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Similar Report:

India Route Optimization Software Market

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Vegan Cactus Leather Market Analysis, Growth Rate, Opportunities, Leading Players and Forecast Assessment, 2020-2030

Allied Market Research published a new report, titled, “Vegan Cactus Leather Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Rise in awareness regarding environment and animal extinction are the key factors that drive growth of the vegan cactus leather industry. Rise in demand for leather products and consumer shift toward organic products are the factors that contribute toward growth of the global market. Increase in use of leather in different industries such as automotive and fashion industries also increases demand for vegan cactus leather.

Furthermore, high income, changing living standard, and internet penetration has increased consumption of vegan leather products. However, non-availability of raw materials and availability of a substitute product creates threat for growth of the vegan cactus leather market.

With increase in the e-commerce industry, the vegan cactus leather industry is also showing a significant growth. With the help of blogs, social media, and other online platforms, consumers are getting more aware and knowledgeable about vegan products and its benefits. Online websites have made shopping easy and efficient. So, companies are selling through online platforms to increase their sales and target audience.

Cactus leather is also good for environment and saves animals. Moreover, to process cactus into leather, no harmful chemicals are used and it has a shelf life of 10 years. This leather is preferred in the fashion industry, leather goods, furniture, and automotive industries. The vegan cactus leather market is segmented on the basis of product, end user, industrial vertical, sales channel, and region.

Geographically Analysis – North America (U.S, Mexico, and Canada), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA).

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The key market players profiled in the report include Adriano Di Marti, Kuraray Co. Ltd., H.R. Polycoats Pvt. Ltd., Yantai Wanhua Group Co. Ltd., Alfatex Italia, BASF SE, Dupont, Willow Tex, Anli Group, Ultrafabrics.

COVID-19 Scenario Analysis:

○ The effect of COVID-19 will remain for the long and can cause financial crises.
○ With restrictions on travel, export is stopped leading to incurred losses for companies.
○ Government trade restrictions have also decreased sales and paused production.
○ Factories are closed, owing to minimum workforce and inventory.

Key Benefits of the Report:

○ This study presents the analytical depiction of the global Vegan Cactus Leather industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Vegan Cactus Leather market share.
○ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Vegan Cactus Leather market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed global Vegan Cactus Leather market analysis based on competitive intensity and how the competition will take shape in coming years.

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• To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.

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Casino and Gaming Market Size, Growth Analysis, Opportunities, Business Outlook and Forecast to 2022-2029

Allied Market Research published a new report, titled, “Casino and Gaming Market 2022-2029” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

A casino is a place where a variety of games of chance are played and numerous types of gambling activities are carried out. Casino includes various gambling forms that range from online gaming casino, card room gaming, lotteries, race & sports wagering, and gaming such as bingo, raffles, and others. Casinos are built near to or are combined with hotels, restaurants, retail shopping, and cruise ships as a purpose of luxurious entertainment for people with high income.

The key factors that drive the growth of the market is changing lifestyle and rise in the demand for leisure time due to a hectic & busy lifestyle. Increase in tourism is another factor that propels the market growth.

However, cyber-attacks during online gaming are a major restraint for the market growth. Irrespective of these challenges, the ease of gambling regulations globally has created numerous opportunities for gamblers to participate in casino gaming through online platforms.

The market segmentation is based on casino type, end user, and on game type. By casino type, it is divided into commercial, tribal, limited stakes, and i-gaming. By end user, it is classified into gambling enthusiasts, social exuberant, dabblers, lottery loyalists, and unengaged audience. By game type it is classified into poker, blackjack, slot machines, roulette, craps, and others. Geographically, it has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Market Players Profiled In The Report:

○ Caesars Entertainment
○ Galaxy Entertainment
○ Las Vegas Sands
○ MGM Resorts
○ SJM Holdings
○ 888 Holdings
○ Betfair Online Casino Games
○ Boyd Gaming
○ City of Dreams Manila
○ Delaware Park.

Key questions answered in Casino and Gaming Market research study:

• What is the market growth rate of Casino and Gaming Market from 2021-2028?
• What will be the global market size of the market from 2021 to 2028?
• Who are the leading global players in the Casino and Gaming Market?
• What are the current trends and predicted trends?
• What are the challenges faced in the Casino and Gaming Market?
• Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
• Which will be the anticipated growth rates for your own Casino and Gaming Market economy altogether and also for every segment inside?
• Which will be the Casino and Gaming Market application and types and forecast accompanied closely by producers?
• What are the conclusions of the Casino and Gaming Market report?

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Pakistan Cosmetics Market to Generate Substantial Increment in Opportunities Through 2022 to 2029

According to a new report by Allied Market Research, titled, The Objective of the “Pakistan Cosmetics Market – Opportunity Analysis and Industry Forecast,2021-2028” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

Report is to depict the trends and upcoming for the Pakistan Cosmetics Market industry over the forecast years. Pakistan Cosmetics Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2021 to 2028 mulling over 2020 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

Some of the major players analyzed in this report are Amorepacific Corporation, Avon Products Inc., Genny Cosmetics Inc., Medora of London (Pvt) Ltd., Oriflame Cosmetics S.A., Revlon, Inc., The Estee Lauder Companies Inc., The L’oreal Group, The Procter & Gamble Company, Unilever Plc.

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COVID-19 Impact analysis-

COVID-19 has a terrible impact on the Pakistan cosmetics market. Due to pandemic, there is huge disruption in supply chain of raw material as well as in production cycle. During pre-period of COVID-19, whole economy was facing unexpected challenges such as lockdowns and restrictions on distribution channels. This has led downfall of the Pakistan cosmetics market.

The lockdown across various countries and ban on international travel has disrupted the supply chain and revenue chain. The report includes a thorough analysis of the Covid-19 pandemic on the growth of the Pakistan cosmetics market.

Pakistan Cosmetics Market By Category:

• Skin & Sun Care Products
• Hair Care Products
• Deodrants
• Fragrances
• Makeup/Color Cosmetics
• Others

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Pakistan Cosmetics Market By Mode of Sale:

• Retail Sale
• Online Sale

Key Benefits of the Report:

1. This study presents the analytical depiction of the Pakistan Cosmetics industry along with the current trends and future estimations to determine the imminent investment pockets.
2. The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Pakistan Cosmetics Market share.
3. The current market is quantitatively analyzed from 2020 to 2027 to highlight the Pakistan Cosmetics Market growth scenario.
4. Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
5. The report provides a detailed Pakistan Cosmetics Market analysis based on competitive intensity and how the competition will take shape in coming years.

Key questions answered in Pakistan Cosmetics Market research study:

♦ What is the market growth rate of Pakistan Cosmetics Market from 2020-2027?
♦ Who are the leading key players in the Pakistan Cosmetics Market?
♦ What are the current trends and predicted trends?
♦ What are the challenges faced in the Pakistan Cosmetics Market?
♦ Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
♦ Which will be the anticipated growth rates for your own Pakistan Cosmetics Market economy altogether and also for every segment inside?
♦ Which will be the Pakistan Cosmetics Market application and types and forecast accompanied closely by producers?
♦ What are the conclusions of the Pakistan Cosmetics Market report?

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Cosmetics Face Serum Market to Record Robust Compound Annual Growth Rate During 2021-2030

Allied Market Research published a new report, titled, “Cosmetics Face Serum Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Several cosmetic companies have released face serums approved by dermatologists that are intended to strengthen their position in the cosmetics face serum market. Most companies are appearing to shape their promotional strategies that could attract the interest of women cosmetics users. Many players on the market have incorporated Vitamin C as a key component in their regular face serums. Exotic substances such as hempseed and white pine extracts are even used in making cosmetics face serum to attract prospective consumers. The introduction of small bottle packs is improving the sales.

The rural population in a developing country does not opt for the purchase of large quantity packs of face serum since the product demands are not high every day. Manufacturing firms understood the volume required by rural consumers and create tiny bottle pack of face serum. The bottle of face serum comes in a modest quantity and at a reasonable price for single or many applications. This tiny bottle pack has improved the sales of facial care products and has reached remote parts of the country.

The growing population and the urge among consumers to feel fresh all day has further fueled the demand for cosmetics face serum. The population in the urban area is adapting to the usage of face serum as they are well aware of the skincare benefits they can achieve from using face serum.

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Customers nowadays have grown more aware of the use of cosmetics in their everyday lives to increase their overall individuality and their quotient of style. Skin lightening serums, acne preventative serums, anti-ageing face serum and others are available for the young and medium-aged population who face skincare issues. Increased demand for middle-aged women’s skincare face serum is one of the main drivers of sales for the cosmetics face serum.

The key market players profiled in the report include EMK Products LLC., First Aid Beauty Ltd., Proctor & Gamble Pvt Ltd., Hindustan Unilever Limited., L’Oreal S.A., Bioderma Laboratories., Beierserdof AG., Kose Corporation., Johnson & Johnson Ltd., and Kao Corporation.

COVID-19 Impact Analysis:

○ The advent of the global pandemic, COVID-19, has affected the cosmetics face serum market negatively. Cosmetics face serum is a skin care product that helps to clean and repair facial skin. During the ongoing pandemic, the face serum was not considered a necessary product. Therefore, the demand for cosmetics face serum has decreased during these times.
○ As the COVID-19 pandemic has forced countries to enforce lockdown, the supply and distribution chains were disrupted.The shifting of activities in procuring the raw materials and vendor operations has impacted the production process of the cosmetics face serum. Hypermarkets/Supermarkets and convenience stores were closed, creating a gap in demand and supply.

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Key Benefits of the Report:

• This study presents the analytical depiction of the cosmetics face serum industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cosmetics face serum market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the cosmetics face serum market.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
• The report provides a detailed cosmetics face serum market analysis on the basis of competitive intensity and how the competition will take shape in coming years.

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Home Remodeling Market Research Report, 2031 | Top Manufacturers, Growth Factor, Size and Outlook

According to a new report published by Allied Market Research, titled, “Home Remodeling Market,” The home remodeling market size was valued at $852.10 billion in 2020, and is estimated to reach $1,317.50 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.

Commonly observed types of home remodeling projects are DIY (Do It Yourself) and Contractor. Among these, the project type, the professional segment accounted for the highest market share in 2020, owing to requirement of skilled labor. The market is analyzed with respect to different applications of home remodeling such as windows & doors, kitchen & bathroom, floor & roof, walls and others. The market is mainly driven by rise in remodeling activities of the old buildings. However, fluctuating prices of raw materials used for manufacturing of home remodeling products is a restraining factor that hinders the growth of the market.

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Top Key Players include in this Report:

Andersen Corporation,
Dow Inc.,
Industrie Cotto Possagno S.p.A,
JELD-WEN, Kajaria Ceramics Ltd.,
Kohler Co.,
Lutron Electronics Co., Inc,
Mohawk Industries, Inc.,
Pella Corporation
Seven Group Holdings Limited (Boral Limited)

In 2020, North America dominated the global home remodeling market, in terms of revenue, followed by Europe and Asia-Pacific. Moreover, the market in Asia-Pacific has grown with high CAGR, owing to increase in disposable income of homeowner, which eventually led to increased spending on home remodeling activities by them.

The advancements in the computer-based technologies such as visualization apps, 3D rendering software, and other such technologies have positively influenced the growth in the home remodeling market. Such advancements have enabled the homeowners to easily visualize the intentions of the architects related to remodeling. Moreover, home remodeling is done for many purposes, such as; to add new space or level in the house, making cosmetic changes inside & outside the buildings, adding new features to the buildings, and other changes meant for improving quality of life of the residents of buildings. This is possible due to availability of different types of products and options in the home remodeling market.

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Furthermore, on the basis of application type, the demand for others segment is anticipated to grow rapidly, during the forecast period due to awareness regarding security and fire safety.

For instance, in January 2022, Pella Corporation, a leading manufacturer of windows and doors, unveiled its latest innovation the ‘Hidden Screen’. This innovative design makes the screen appear when the window is opened and folds away when the window is closed. Pella is the first company to incorporate this feature in its vinyl windows.

However, during the pandemic lockdown, various manufacturers in the home construction market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of home renovation product manufacturing companies. In addition, lack of manpower and raw materials constricted supply of home remodeling components; and has negatively influenced the home remodeling market growth. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of home remodeling product manufacturing companies.

KEY FINDINGS OF THE STUDY

The report provides an extensive analysis of the current and emerging home remodeling market trends and dynamics.
Depending on type, the ride-on mowers dominated the home remodeling market share, in terms of revenue in 2020 and the robotic mower segment is projected to grow at a significant CAGR during the home remodeling market forecast.
By end user, residential segment registered highest revenue in2020.
Asia-Pacific is projected to register highest growth rate in the coming years.
The key players within the home remodeling market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the home remodeling industry.
The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth home remodeling market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.

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Asia-Pacific Meat Processing Equipment Market Opportunities, Top Manufactures, Industry Growth, Share, Size, Regional Analysis and Global Forecast to 2025

According to the report, the Asia-Pacific meat processing equipment market was estimated at $3012 million in 2018 and is anticipated to garner $5936 million by 2025, growing at a CAGR of 8.8% from 2019 to 2026.

Industry Key Players

Asia-Pacific meat processing equipment market report includes an all-inclusive analysis of the major market players in the region, including GEA Group Aktiengesellschaft, Illinois Tool Works Inc. (Hobart), Siemens AG, Heat and Control, Inc Equipamientos Crnicos, S.L. (Mainca), The Middleby Corporation, Marel hf., Key Technology, Inc., JBT Corporation, and Welbilt, Inc. They have adopted various strategies such as mergers & acquisitions, collaborations, partnerships, and others to gain a strong position in the industry.

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Growth Drivers and Industry Trends

High-end technological advancements, rise in consumption of meat, and increase in demand for packaged food have fueled the growth for Asia-Pacific meat processing equipment market. On the other hand, high costs associated with machinery and several restrictions & regulations in meat processing have curbed the growth to some extent. However, with safety guaranteed with meat-cutting machineries, multiple opportunities have been created in the segment.

Segmentation Analysis of the Industry

By type, the cutting segment accounted for more than one-fifth of the total market in 2018 and is expected to maintain its top status throughout the forecast period. As the most common processing equipment used in the food industry, the segment is also anticipated to grow at the highest CAGR of 9.9% throughout 2019-2026.

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Based on meat type, the processed pork segment held the lion share in 2018, contributing to two-third of the total market in 2018 and is assumed to dominate till 2026. This is due to high consumption of pork in countries such as China, South Korea, Australia, and Philippines. In addition, westernization of food culture in countries such as China, South Korea, India, and others has also driven the growth.

Based on region, China has come out as the largest contributor in terms of revenue. The huge meat consuming population base in the country has spurred the growth.

About Us:

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Silicon Fertilizers Market Trends, Analysis, Demand and Global Industry Research Report, Region, and Segment Forecasts, 2016-2025

The report provides insights on the key investment pockets, top player positioning, drivers & opportunities, major market segments, and strategic developments in the industry.

As per the report, the global silicon fertilizers market garnered $91.2 million in 2017 and is expected to reach $125.8 million by 2025, registering a CAGR of 4.1% from 2018 to 2025.

Increased demand for wheat and rice crops coupled with benefits offered by silicon on crop field have boosted the growth of the global silicon fertilizers market. In addition, adoption of modern farming technologies and low cost of silicon fertilizers have supplemented the market growth. However, volatile prices, and availability of raw material prices hamper the growth of the market. On the contrary, burgeoning demand for field and horticultural crops across different regions is expected to provide lucrative opportunities for the market players.

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Leading players in the market

The key market players analyzed in the report include Plant Tuff, Denka Company Limited, Fertipower Norway AS, Fubang Fertilizer, Goodearth Resources PTE LTD., Ignimbrite Minerals, Inc., Agripower, Fuji Silysia Chem, Greenfire Agri, and MaxSil. These companies have adopted strategies such as product launches, acquisitions, and collaborations to expand their business.

Calcium silicate: lucrative segment through 2025

The calcium silicate segment accounted for about 60% of the total market in 2017 and is expected to maintain this trend through 2025, registering the fastest CAGR of 4.3% during the forecast period. This is attributed to the characterisitics of calcium silicate-based fertilizers such as reducing pH and increasing adsorption of essential minerals from the soil. In addition, other segments, which include potassium silicate and sodium silicate would manifest steady growth during the forecast period.

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Liquid silicon fertilizers to manifest fastest growth

Liquid silicon fertilizer segment is expected to grow at the fastest CAGR of 4.6% from 2018 to 2025, as liquid-based fertilizers are ideal for fighting against several diseases such as powdery mildew, septoria, eye-spot, and insect pests. However, the solid silicon fertilizer segment is expected to hold about two-thirds share of the total market revenue through 2025.

Field crops application segment to lead in terms of revenue

The field crop segment generated more than half of the total market share in 2017 and is expected to register the fastest CAGR of 4.3% during the forecast period. This is attributed to factors such as increasing economy of developing countries and soaring food demand due to growth in population. However, other segments such as horticultural crops, hydroponics, and floriculture are expected to manifest gradual growth through 2025.

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Asia-Pacific to witness fastest growth

The Asia-Pacific region is expected to grow at the fastest CAGR of 4.5% during the forecast period, owing to increase in per capita consumption and rise in demand for high-quality foods. The report also includes an in-depth analysis of other regions, namely North America, Europe, and Latin America, Middle East and Africa (LAMEA).

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Microwavable Foods Market Is Projected To Grow At The Highest CAGR From 2022–2031

The global Microwavable Foods Market was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.

Major determinants of the market growth

Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in disposable income and surge in urbanization would open new opportunities in the future.

Covid-19 scenario:

Reduction in footfall in retail outlets and grocery stores and shortage of potential foods hindered the market growth during the pandemic.
Owing to the Covid-19 pandemic, several microwavable foods producing companies surged their production to meet the demand of customers.
Due to prolonged lockdown, the supply chain disrupted and prices of raw material increased.

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Major market players

Ajinomoto Windsor, Inc.
ConAgra Foods, Inc.
Campbell Soup Company
Kellogg Company
General Mills Inc.
Nestle SA
McCain Foods
Pinnacle Food Inc.
Unilever Plc.
The Kraft Heinz Company

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The frozen food segment dominated the market

By product, the frozen food segment held the largest share in 2020, accounting for more than four-fifths of the market, as they offer better nutritional benefits and taste compared to fresh food. However, the chilled food segment is estimated to register the highest CAGR of 8.5% during the forecast period, due tochanges in lifestyles of the people and urbanization.

The online sales channel segment to portray the highest CAGR through 2030

By distribution channel, the online sales channel segment is projected to manifest the highest CAGR of 7.5% from 2022 to 2031, due to easy accessibility offered by online sales channel platforms. However, the hypermarkets/supermarkets segment held the largest share in 2020, accounting for more than two-fifths of the market, owing to availability of a broad range of food and beverages under a single roof.

Europe, followed by North America, held the highest share

By region, the market across Europe, followed by North America, dominated in 2020, accounting for more than one-third of the market, owing to high consumption of microwavable foods. However, the market across Asia-Pacific is anticipated to showcase the highest CAGR of 7.2% during the forecast period, owing to rise in the number of working women population.

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