Refrigerants Market Size, Competitive Research, Top Manufacturers Upcoming Strategies, Industry Forecast 2030

According to the report published by Allied Market Research, the global refrigerants market generated $20.6 billion in 2020, and is projected to reach $42.0 billion by 2030, witnessing a CAGR of 7.4% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Urbanization and lifestyle improvements, rapid growth of the commercial sector, high demand for air conditioners, technological advancements, and extensively utilized freezing in the food and transportation industries drive the growth of the global refrigerants market. Contrarily, increase in demand for health and wellness food products, including organic food that require cold storage, are expected to provide lucrative growth opportunities for the market.

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Leading players of the global refrigerants market analyzed in the research include Akrema S.A, Daikin Industries, Ltd., E.I. du Pont Nemours & Co., Solvay S.A., Honeywell International Inc., Mexichem S.A.B. DE. C.V., Dongyue Group, SRF Limited, Navin Fluorine International Limited, and Sinochem Group. 

COVID-19 scenario:

  • The outbreak of the COVID-19 pandemic led to have a negative impact on the growth of the global refrigerants market, owing to decline in demand for refrigerants from end-use applications.
  • Several industries witnessed setbacks in the first half of 2020, which led to a consequent decline in the demand for refrigerants.

The report offers detailed segmentation of the global refrigerants market based on type, application, and region.

Based on application, the refrigeration segment held the highest market share in 2020, holding more than half of the total market share, and is expected to continue its leadership status during the forecast period. However, the AC segment is estimated to register the highest CAGR of 7.7% from 2021 to 2030. 

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Based on type, the inorganic segment held the largest market share in 2020, holding around one-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the halocarbons segment is projected to register the highest CAGR of 8.6% from 2021 to 2030.

Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding nearly half of the total market share, and is estimated to continue its dominant share by 2030. However, LAMEA is projected to manifest the fastest CAGR of 8.2% during the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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 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. 

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Super Absorbent Polymer Market Share, Size, Trend, Regional Growth, Application, Type, Key Players, Covid-19 Impact Analysis and Forecast

As per report, By region, the global super absorbent polymer market across Asia-Pacific, followed by North America, held the largest share in 2019, accounting for around two-fifths of the market. The region is expected to register the highest CAGR of 6.9% during the forecast period, due to rising healthcare sector and growing population in the region. The report analyses the other regions such as North America, Europe, and LAMEA.

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By production method, the solution polymerization segment is expected to register the highest CAGR of 7.1% through 2027, due to high efficiency and lower capital cost. In addition, solution polymerization production method uses its own energy to carry out the process, which reduces the capital expenditure. However, the gel polymerization segment held the largest share in 2019, contributing to more than four-fifths of the global super absorbent polymer market, as the method is widely used to manufacture super absorbent polymers with great absorbency under pressure.

Allied Market Research recently published a report, “Super Absorbent Polymer Market by Type (Synthetic and Natural), Application (Personal Care, Healthcare, Agriculture & Horticulture, and Others), and Production Method (Suspension Polymerization, Solution Polymerization, and Gel Polymerization): Global Opportunity Analysis and Industry Forecast, 2020-2027”. According to the report, the global super absorbent polymer industry generated $7.6 billion in 2019, and is projected to reach $10.8 billion by 2027, growing at a CAGR of 6.4% from 2020 to 2027.

Super Absorbent Polymer Market growth is driven by surge in popularity of diaper pants and rise in consumer awareness toward infant’s hygiene. However, volatility in raw material prices hampers the market. On the contrary, developing economies and high birth rate countries are expected to create lucrative opportunities for the market players in the coming years.

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Covid-19 scenario: The outbreak of Covid-19 has greatly affected the global super absorbent polymer market.

Lockdown in various countries and shortage of labor have temporarily suspended the manufacturing of advanced materials.
Dearth of raw materials and disrupted supply chain has affected the manufacturing of super absorbent polymer resin.
The synthetic segment held lion’s share

By type, the synthetic segment dominated the market in 2019, accounting for nearly 90% of the global super absorbent polymer market, due to its high adoption because of its high absorbency potential under load. However, the natural segment is expected to manifest the highest CAGR of 7.1% during the forecast period, owing to its characteristics such as biocompatibility, non-toxic, and sustainability.

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Key Benefits For Stakeholders

The super absorbent polymer market is studied from 2019 to 2027
The report provides an in-depth analysis of the market along with the current and future super absorbent polymer market trends
This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period
Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
A comprehensive analysis of the factors that drive and restrain the market growth is provided
The qualitative data in this report aims on market dynamics, market trends, and developments
The super absorbent polymer market size is provided in terms of volume and revenue

Major Market Players

  1. BASF SE
  2. Evonik Industries AG
  3. Kao Corporation
  4. LG Chem
  5. Sanyo Chemical Industries, LTD
  6. Sumitomo Seika Chemicals Co., LTD
  7. Nippon Shokubai Co., Ltd.
  8. Xitao Polymer Co., Ltd
  9. Yixing Danson Technology
  10. Zhejiang Satellite Petrochemical Co., Ltd

Smiler Reports

Thermoplastic Composites Market

Brazil Aluminum Market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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 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.

Backup as a Service Market : Global Opportunity Analysis and Industry Forecast 2020–2027

Data is a valuable asset for most of the organizations,. However, backing up of data with on-premise deployment is expensive and time-consuming. It also requires too much maintenance, often impacts time, and may put businesses at risk of data loss. Backup as a service Market is defined as a method of data storage in which files, folders, or contents of a hard drive are regularly backed up by a service vendor to a remote secure cloud-based data repository over a network connection. It is a strategy for backup and recovery, which involves purchasing of these services managed by a cloud service provider.

It connects IT systems to a private, public, and hybrid cloud managed by the cloud service provider rather than performing backup with centralized on–premise equipment and personnel. BaaS connects systems to a private, public, or hybrid cloud managed by an outside provider. Backup as a service is easier to manage than other offsite services. Instead of worrying about rotating and managing tapes or hard disks at an offsite location, data storage administrators can offload maintenance and management to the provider. Convenience, safety, ease of recovery, and affordability are some of the advantages of back up as a service.  

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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Constant increase in the volume of data across organization, rise in adoption of cloud technology, reduce in cost with enhanced efficiency compared to on-premises backup, and growth in demand for the Software as a Service (SaaS) model are some of the factors that drive the growth of the market. In addition, its numerous benefits, such as elimination of heavy lifting of running data protection in house, ease of management & recovery, affordability, convenience, and others, further fuel its demand. However, slow backup & recovery rate hinders the growth of the market. Furthermore, increase in adoption of cloud services among small & medium enterprises is expected to provide lucrative opportunities for the market.  

The major challenge in the backup as a service is the time taken to back up the data on the cloud. Internet bandwidth and cloud storage are limited than the local network or disk with complex latency involved, which is offered by on-premise. In addition,  internet bandwidth and rate at which the cloud storage speed through which the recovery of data can be done is slow compared to traditional backup service. and thus the backup time for the cloud is quite higher compared to on-premise, thereby hindering the growth of the market. 

Data generated on a daily basis from the integration of advanced technologies, such as Artificial Intelligence (AI), Internet of Things (IoT), and others, is huge, which makes it complex to back through traditional or on- premise due to limited data availability. However, the company cannot risk its data loose the data generated; therefore, it requires continuous backup with on-demand availability. The backup as a service offers the organizations a platform to backup their data with easy management and access the same anywhere, anytime. In addition, it also offers improved security with reduced cost, which drives the growth of the market.  

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Impact of COVID-19 on Backup as a Service Market

  • The emergence of COVID-19 pandemic has severely affected almost all industries across the world. Companies are adopting cloud as a crucial catalyst for business transformation. The COVID-19 pandemic has made it a key enabler for to ensure business continuity. The ability of the cloud to transform backup data into an asset to make it more open and accessible can help organizations to gain critical insights to uncover opportunities and expedite decision making in these challenging times.
  • However, as more employees connect remotely to work from home, cloud adoption could be ineffective without data protection. Cloud data protection systems can ease increase in data complexity, provide a central access point, bring greater data visibility, lessen legal & regulatory risk, and save costs. 
  • While traditional backup systems are cost-intensive as well as time-consuming, cloud data protection system expedites the backup process. As a single secondary copy of all data is stored in the cloud infrastructure, backup hardware is no longer needed locally. It also eliminates the whole concept of performing a traditional backup as it is constantly updated to a configurable schedule. Therefore, backups from any point in time are always available and accessible from anywhere in the world. Remote working of employees across many organizations is estimated to accelerate the demand for backup services hosted on the cloud, which is estimated to provide opportunities for the market.

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Key benefits of the report:

  • This study presents the analytical depiction of the global backup as service market along with 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 backup as a service market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global backup as a service market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

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If you have any special requirements, please let us know and we will offer you the report as per your requirements.

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 :

  1. Storage as a Service Market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

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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Geomembrane Market Trend, Share, Application, Technology, Raw Material, Key Players, Regional Analysis, and Forecast Opportunities, 2021-2030

As Per Report, Based on technology, the extrusion segment accounted for the largest share in 2020, contributing to nearly half of the global geomembrane market, and is projected to maintain its lead position during the forecast period. This is due to increased activities connected to water consumption, civil development, and groundwater protection across the world. However, the calendaring segment is expected to portray the largest CAGR of 5.3% from 2021 to 2030, owing to high shear of the process and assures uniformity of the melt.

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Allied Market Research published a report, titled, “Geomembrane Market by Raw Material (High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Ethylene Propylene Diene Monomer (EPDM), Polyvinyl Chloride (PVC), Polypropylene (PP), and Others), by Technology (Extrusion, Calendering, and Others), and by Application (Water Management, Waste Management, Mining, Tunnel Liners & Civil Engineering, and Others), Global Opportunity Analysis and Industry Forecast, 2021-2030”. According to the report, the global geomembrane industry generated $2.2 billion in 2020, and is anticipated to generate $3.7 billion by 2030, witnessing a CAGR of 5.1% from 2021 to 2030.

Favorable regulations regarding implementation of water & waste water management, and rapid growth in infrastructure & mining industry drive the growth of the global geomembrane market. However, volatility in raw material prices hinders the market growth. On the other hand, growth in environmental awareness presents new opportunities in the coming years.

Based on region, Asia-Pacific, followed by North America, held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global geomembrane market. Moreover, the same region is expected to witness the fastest CAGR of 5.5% during the forecast period, due to the region’s rapidly growing population, urbanization, and industrialization.

Based on application, the mining segment held the highest market share in 2020, accounting for nearly one-third of the global geomembrane market, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to increase in its application in the mining industry including metallic and non-metallic mining. Moreover, the water management segment is projected to manifest the highest CAGR of 5.5% from 2021 to 2030. Use of geomembrane for water preservation is expected to grow in the future, which in turn, is boosting the growth of the segment.

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Covid-19 Scenario

The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global geomembrane market.
The pandemic caused temporary closure of production facilities, disruptions in the supply chain, unavailability of raw materials, and low labor force, owing to the implementation of lockdown.
However, the market is going to recover soon in 2022.
The mining segment to maintain its leadership status throughout the forecast period

The geomembrane market analysis covers in-depth information of the major industry participants. Some of the major players in the geomembrane market include Agru America Inc., Atarfil, Carlisle SynTec systems, Carthage mills Inc., Naue GmbH & co, Solmax, Raven industries Inc, Juta, Plastika kritis, and Officine Maccaferri SPA.

Other players in the value chain of the geomembrane market include Dow chemical company, Huesker synthetic GmbH, Low and Boner PLC, Propex operating company LLC, Royal ten cate Inc, Strata systems Inc, Tenax, Tensar corporation, Ace geosynthetics, and Asahi kasei corporation.

Similar Report:

Polyethylene Insulation Materials Market

Polyethylene Terephthalate (PET) Market


About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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 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.

Hyperlocal Services Market is projected to reach $5,188.60 billion by 2030, growing at a CAGR of 14.9% from 2021 to 2030

Allied Market Research published a new report, titled, “The Hyperlocal Service Market Size was valued at $1,714.60 billion in 2020, and is estimated to reach $5,188.60 billion by 2030, growing at a CAGR of 14.9% from 2021 to 2030.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

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Hyperlocal service refer to order services and goods by consumers within limited or well-defined geographic location, from where seller delivers goods in minimum time period. Hyperlocal service includes online delivery of goods such as food, grocery, and online services including personal care and growing, house cleaning, plumbing and lawn care. These delivery services are ordered form local services providers in nearby places, which results in decrease in delivery time and cost.

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Growing smartphone user base and internet accessibility is majorly driving the growth of the Hyperlocal Services Market. The Hyperlocal Services Market is also being driven by changing lifestyle and willingness to adopt with technological changes. Furthermore, consumers are more including toward online purchasing owing to benefits associated such as time saving, discounts, and number of options to choose. Collectively, all these Hyperlocal Services Market Trends are favoring the growth of the market. The market is highly unorganized with numerous small localized players, which restrains the market. In addition, growth in consumer preference for premium services and brands, and penetration of the hyperlocal service even in remote areas are expected to drive the market.

According to the analysis of Hyperlocal Services Market Analysis, the market is segmented on the basis of type, nature, and region. By type, it is categorized into food ordering, grocery ordering, home utility service, logistic service providers, others. By nature, it is divided into goods delivery and utility services. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, Rest Of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

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On the basis of type, the food ordering segment was valued at $349.7 billion in 2020, and is projected to reach $1,178.2 billion by 2030, registering a CAGR of 16.1% from 2021 to 2030. This is majorly attributed to extensive promotion of the online food delivery platforms through discounts, referring awards, and TV and social media advertisements. Many companies are expanding their market share by applying various strategies such as merger, acquisitions, and partnership, which likely to boost the growth of the online food delivery market during the Hyperlocal Services Market Forecast period. For instance, Zomato, an Indian food delivery service company, acquired Indian penetration of Uber Eats for $350 million. This acquisition deal is expected to help Zomato to cover more than 50% of Hyperlocal Service Industry share in India.

Furthermore, increased utility of smartphones and its user base is projected to offer lucrative Hyperlocal Services Market Opportunities for offline services providers to use online platforms to boost their business. On the basis of region, Europe has gained significant market share in hyperlocal service in 2020 and is expected to continue its market holding during the forecast period. This was attributed to the presence of international brands in the region, and growing funding for the start-up business. Big giants in Europe have been consistently expanding their market share by acquiring hyperlocal service business, which further adds to the growth of the Europe Hyperlocal Services Market.

In addition, Lockdown in Europe has been creating more demand for food and grocery delivery, which is expected to fuel the growth of the market. For instance, according to German based food delivery company, Delivery Hero SE, 92% online orders increased in the first quarter of lockdown, which is expected to intensify the growing demand for online food ordering services.

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Key findings of the study:

○ The Hyperlocal Services Market was valued at $1714.6 billion in 2020, and is estimated to reach $5188.6 billion by 2030, growing at a CAGR of 14.9% during the forecast period.
○ By type, the grocery ordering segment is estimated to witness the fastest growth, registering a CAGR of 17.5% during the forecast period.
○ In 2020, by nature, the goods delivery segment was valued at $714.0 billion in 2020 and it accounted for 41.6% of the global Hyperlocal Services Market Share.
○ In 2020, the U.S. was the most prominent market in North America, and is projected to reach $1,885.3 billion by 2030, growing at a CAGR of 13.7% during the forecast period.

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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FMCG Market to Reach $15,361.8 Billion at 5.4% CAGR During the Forecast Period 2018-2025

According to a new report published by Allied Market Research, titled, “Global FMCG Market by Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2018 – 2025,”the global FMCG market size was valued at $10,020.0 billion in 2017 and is projected to reach $ 15,361.8 billion by 2025, registering a CAGR of 5.4% from 2018 to 2025.

Fast moving consumer goods (FMCG) is the largest combination of consumer goods with different product categories that include home, health, and personal care and food & drinks including its marketing, production, and distribution. The personal care segment is anticipated to witness substantial growth owing to the rise in disposable income of consumers, thus enabling them to spend considerable amount on luxury personal care products.

Trends, opportunities and forecasts by 2018-2026

Other factors such as surge in trend of online shopping, R&D for the new brands & products, and expansion of FMCG network in rural areas of the developing countries are expected to open new avenues for the FMCG market players in the future. However, high competition among major market players and retail execution are expected to hamper the global FMCG market growth. In the recent decade, there is a trend that consumers are more concerned about their health and personal hygiene, thus preferring hygienic lifestyle. Consumers choose their daily need products according to their hygienic compatibility and thus change their purchasing decisions according to their lifestyle. This trend is becoming opportunities for the FMCG market. Companies are offering the products, which are compatible to the lifestyle of their targeted consumer segment.

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Key Findings of the FMCG Market:
In 2017, based on type, the food & beverages segment accounted for around 89% of global FMCG market share, growing at a CAGR of 5.3% from 2018 to 2025.
In 2017, based on type, the healthcare segment accounted for 4% share of the global FMCG market and is expected to growth at the highest CAGR of 8.5%.
Personal care segment has occupied around 5% share of the market share and is expected to growth at the highest CAGR of 6.0%.
In 2017, based on distribution channel, the supermarkets & hypermarkets segment accounted for more than half of the market share of global FMCG market and is projected to grow at the highest CAGR of 5.8% during the forecast period.
In 2017, based on region, the FMCG market was dominated by North America, particularly the U.S., followed by Canada as the major market, while Asia-Pacific was dominated by developing countries such as China and India, with nearly 40% market share in 2017. In addition, LAMEA is expected to witness a 6.6% CAGR during the forecast period.

The key players operating in the global FMCG industry include ;-
THE COCA-COLA COMPANY
DR PEPPER SNAPPLE GROUP, INC.
JOHNSON & JOHNSON
KIMBERLY-CLARK CORPORATION
NESTLE
PATANJALI AYURVED LTD.
PEPSICO, INC.
PROCTER AND GAMBLE
REVLON, INC.
UNILEVER GROUP

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TABLE OF CONTENT :-
CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pocket
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitution
3.3.4. Threat of new entrants
3.3.5. Intensity of competitive rivalry

3.4. Top player positioning
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Demographic transition

3.5.1.1.1. Rise in disposable income
3.5.1.1.2. Growth in middle class group & young population
3.5.1.1.3. Urbanization

3.5.1.2. Premiumisation
3.5.1.3. Shift of economic power
3.5.1.4. Changes in lifestyle
3.5.1.5. Availability and Accessibility
3.5.1.6. Increased impact of consumer technology adoption

3.5.2. Restraints

3.5.2.1. Retail execution
3.5.2.2. Availability of counterfeiting products & brands

3.5.3. Opportunity

3.5.3.1. A billion new consumers in emerging markets
3.5.3.2. Prevailing opportunities in FMCG e-commerce

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
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U.S. Corporate Event Market will Grow at 17.3% CAGR to Surpass $510.9 billion during the Forecast Period 2021–2030

According to a new report published by Allied Market Research, titled, “U.S. corporate event market by event type and industry: global opportunity analysis and industry forecast, 2021–2030,” the U.S. corporate event market size is expected to reach $510.9 billion by 2030 at a CAGR of 17.3% from 2021 to 2030.

The U.S. corporate event market generated revenue of $95.3 billion in 2020, and is expected to grow at a CAGR of 17.3% to reach $510.9 billion by 2030. Giant corporate companies organize various events to create strategies, celebrate success, or make new international standards. Their event managers either arrange for an event by themselves or prefer external services. Events organized by corporate companies include trade shows, grand ceremonies, team-building activities, induction programs, and annual function.

Trade shows are a crucial part of marketing strategies, as they allow brands to present their products, target customers, and find new business partners. In the recent years, there has been continuous increase in the popularity of trade shows, hence, they are mostly organized on huge venues. Furthermore, grand ceremonies include conferences and corporate galas. In team-building events, the major aim is to build a strong relationship and trust among the team members. Furthermore, induction programs are held in the beginning of the month—the most common start date for newly hired employees.

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Therefore, the corporate sector offers various opportunities for the event management companies to organize events, contributing to huge revenue generation, which, in turn, augments the growth of the U.S. corporate event industry. The growth of the corporate events industry is majorly driven by upsurge in frequency of corporate meetings, conferences, tradeshows/exhibitions, and other events. Furthermore, the deployment of best-in-class technology that can handle the entire event propels the industry growth.

Some industry sectors such as hotel and transportation industries are directly involved in the corporate event market. These industries may benefit from the corporate event business by offering their services and facilities to the planners and attendees of corporate events. Hotels are the key suppliers, and serve as the major beneficiaries. The development of the travel & tourism industry plays a significant role in the growth of the corporate event market. The factors that further promote the growth of the U.S. market include changes in lifestyle, rise in promotion of tourism, and increase in accessibility of transport facilities. The current trend of online booking option for transportation & accommodation service has increased the convenience of the business travelers, which is anticipated to significantly contribute toward the growth of the corporate event market.

By event type, the market is segmented into conference/seminar, trade shows/exhibition, incentive programs, company meetings, and others. The company meetings segment is estimated to exhibit the highest CAGR of 18.9% in the U.S. corporate event market during the forecast period. This is attributed to the development of the travel & tourism industry, surge in international business travels, and expansion of the information technology sector.

By industry, the market is segregated into banking & finance sector, information technology, real estate & infrastructure, automotive, insurance, and others. The information technology segment held the major share of 33.3% in the U.S. corporate event market in 2020, owing to the fact that many IT companies such as Apple, Oracle, Dell, Amazon, Facebook, IBM, Qualcomm, and Microsoft are headquartered in the U.S, which is the largest tech market across the globe, which contributes 32% of the total share in the technology market for 2020.

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Thus, all these factors indirectly impact the growth of the U.S. corporate event market during the forecast period. State wise, New York accounted for a significant market share in 2020. The priorities of attendees attending corporate event in New York is networking (82%), learning (71%), and entertainment (38%).

Tourism is one the growing sectors, which is expected to drive the future prosperity of New York. According to a report published by the Tourism New York, the state welcomed a record of 67 million visitors in 2019, which has directly impacted the economy of the state.

Players operating in the U.S. corporate event market have adopted various developmental strategies to expand their market share, exploit the U.S. corporate event market opportunities, and increase profitability in the market. The key players profiled in this report include 360 Destination Group, Access Destination Services, BCD Travel Services B.V., BI Worldwide, CWT, Cievents, Creative Group, Inc., ITA Group, Maritz Holdings, Inc., and Reed Exhibitions Ltd.

Key findings of the study

The U.S. corporate event market was valued at $95.3 billion in 2020, and is estimated to reach $510.9 billion by 2030, growing at a CAGR of 17.3% during the forecast period.
By event type, the automotive segment is estimated to witness the fastest growth, registering a CAGR of 18.8% during the forecast period.
In 2020, depending on the industry, the information technology segment was valued at $31.8 billion, accounting for 33.3% of the U.S. corporate event market share.
In 2020, the New York was the most prominent market in U.S., and is projected to reach $77.1 billion by 2030, growing at a CAGR of 16.7% during the forecast period.

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> Mergers and acquisitions should be well-planned by identifying the best manufacturer.

> Sort new clients or possible partners into the demographic you’re looking for.

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.

> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.

> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

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

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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The Philippines skin care products market size is projected reach $2,018.6 million by 2027, registering a CAGR of 7.3% from 2021 to 2027

According to a new report published by Allied Market Research, titled, “Philippines Skin Care Products Market by Product Type, Demographics, Age Group, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021–2027,” The Philippines skin care products market size was valued at $1,205.6 million in 2017, and is projected reach $2,018.6 million by 2027, registering a CAGR of 7.3% from 2021 to 2027. Skin care products are witnessing an increased adoption in recent years, owing to rise in young demography, incremental disposable income, and increase in consciousness of personal well-being and desire to develop & maintain strong identity and self-image.

In addition, surge in awareness amongst Filipinos regarding physical appearance and rise in demand for personalized products & services have boosted the growth of the skin care products market in Philippines. Moreover, various multinational brands such as L’oréal S.A. and Beiersdorf AG have entered into the Philippines market, and are focusing on increasing their customer base through their respective pricing strategies and by providing high-quality products to consumers.

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Upsurge in demand for herbal and natural skin care products is anticipated to boost the growth of the Philippines skin care products market in the upcoming years. Moreover, support from government to cosmetic enterprises for local expansion is expected to boost the Philippines skin care products market opportunities during the forecast.

Furthermore, male skin care products are being increasingly adopted among urban men in the Philippines, as they believe that male skin care products can effectively develop their appearance, which, in turn, will lead to improved social and work life. Moreover, male consumers majorly belong to millennial and generation X, from middle-upper classes where the penetration of smartphones and internet is higher.

Furthermore, improvement in lifestyle and rise in fashion consciousness among men in the Philippines have significantly contributed toward the growth of the Philippines skin care products market trends.

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Beauty bloggers and social media influencers are creating new growth avenues for the market. Moreover, increase in advertisements along with product knowledge on social media sites such as Facebook, YouTube, Instagram, and Twitter has increased the awareness regarding skin care products, especially among millennial and generation X consumers of the Philippines. In addition, a number of local YouTubers are now hosting popular channels to demonstrate product reviews and tutorials, which, in turn, drives the growth of the market.

For the purpose of analysis, the Philippines skin care products market is studied on the basis of product type, demographics, age group, and sales channel. Depending on product type, the market is categorized into cream, lotion, and others. By demographic, it is bifurcated into male and female. According to age group, it is segregated into generation X, millennial, and generation Z. As per sales channel, it is classified into supermarket/hypermarket, specialty stores, department stores, beauty salons, pharmacies & drug stores, and online sales channel.

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The Philippines skin care products industry remains highly competitive with the presence of established brands such as Procter & Gamble, The Estée Lauder Companies Inc., Johnson & Johnson Services, Inc.,

Emami Limited,Kao Corporation, Unilever Plc., L’oréal S.A., and Beiersdorf AG. However, new players are constantly emerging in the highly competitive market, particularly those with a focus on clean label, natural ingredients products.

Key Findings Of The Study

Depending on product type, the cream segment dominated the market in 2017, and is expected to retain its dominance throughout the forecast period.
By demographics, the female segment accounted for highest share in the Philippines skin care products market growth in 2017, and is projected to grow at a CAGR of 6.8% from 2021 to 2027.
On the basis of age group, the generation X segment led the market demand in 2017, and is expected to retain its dominance throughout the forecast period.
As per sales channel, the supermarket/hypermarket segment led the Philippines skin care products market share in 2017 and is projected to register a CAGR of 6.0% from 2021 to 2027.

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The key players operating in the Philippines skin care products market analysis includes Procter & Gamble, Patanjali Ayurved Limited, The Estée Lauder Companies Inc., Emami Limited, Johnson & Johnson Services, Inc., the Himalaya Drug Company, Dabur, Kao Corporation, Unilever Plc., L’oréal S.A., and Beiersdorf AG.

Reasons to Buy This Philippines Skin Care Products Market Report:

> Mergers and acquisitions should be well-planned by identifying the best manufacturer.

> Sort new clients or possible partners into the demographic you’re looking for.

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.

> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.

> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

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

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
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By 2031, Train Battery Market To Value $748.30 Million by 2031: Allied Market Research

Rise in budget allocations for development of railways, increase in demand for a secure, safer, and efficient rail transport, and surge in demand for trains with improved passenger capacity drive the growth of the global train battery market. During the Covid-19 pandemic, production activities of different types of batteries used in trains were halted completely or partially due to lockdown measures implemented in various countries.

According to the report published by Allied Market Research, the global train battery market generated $483.0 million in 2021, and is expected to reach $748.30 million by 2031, witnessing a CAGR of 4.7% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.

Train Battery Market Size

Train Battery Industry Report Coverage & Details:

Report CoverageDetails
Forecast Period2022­–2031
Base Year2021
Market Size in 2021$483.0 million
Market Size in 2031$748.30 million
CAGR4.7%
No. of Pages in Report310
Segments coveredEngine Type, Component, End Use, Platform, and Region.
DriversRise in budget allocations for development of railways
Increase in demand for a secure, safer, and efficient rail transport
Surge in demand for trains with improved passenger capacity
OpportunitiesImprovement in railway infrastructure in developing nations
Rise in development & testing of autonomous trains
RestraintsIncrease in capital requirement

Covid-19 Scenario:

  • The outbreak of the COVID-19 pandemic led to the implementation of lockdown in various countries, due to which, production activities of different types of batteries used in trains were halted completely or partially across several nations.
  • Moreover, factors including supply chain disruptions, lack of workforce, and raw material shortage presented an array of challenges for manufacturers to continue production activities in a full sway.
  • In addition, the railway sector was severely impacted during the initial stages of the pandemic as railway travel was banned to prevent the spread of the virus. This, in turn, reduced the demand for train batteries to a great extent.
  • Owing to economic uncertainty, the development activities of battery-operated and hybrid trains were either cancelled or postponed. 
  • However, with initiation of coronavirus vaccination across the world and consequent resuming of all domestic and international ports, the global train battery market is expected to revive soon.

The report offers detailed segmentation of the global train battery market based on battery type, rolling stock type, application, train type, and region.

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Based on battery type, the lead acid segment accounted for the highest share in 2021, contributing to more than three-fifths of the total market share, and is estimated to continue its lead position during the forecast period. However, the lithium ion segment is projected to manifest the highest CAGR of 5.7% from 2022 to 2031.

Based on application, the auxiliary battery segment held the largest share in 2021, accounting for around three-fourths of the global train battery market, and is estimated to maintain its leadership status during the forecast period. However, the starter battery segment is expected to register the largest CAGR of 4.7% during the forecast period.

Based on train type, the hybrid segment held the largest share in 2021, accounting for around three-fourths of the global train battery market, and is estimated to maintain its leadership status during the forecast period. However, the battery-operated segment is expected to register the largest CAGR of 5.4% during the forecast period.

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Based on region, Asia-Pacific accounted for the highest share in 2021, contributing to nearly one-third of the total market share, and is projected to continue its dominant share by 2031. Moreover, this region is projected to portray the fastest CAGR of 5.1% during the forecast period. The report also analyzes regions such as North America, Europe, and LAMEA.

Leading players of the global train battery market analyzed in the research include AEG Power Solutions, BorgWarner Akasol AG, Amara Raja Batteries Limited, Ecobat, East Penn Manufacturing Company, Exide Industries Ltd., Fengri Power & Electric Co., Limited, ENERSYS, HBL Power Systems Limited, GS Yuasa Corporation, and others. The report provides a detailed analysis of these key players of the market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

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Similar Reports We Have on Battery Industry:

Electric Vehicle Battery Market by Propulsion Type (Battery Electric Vehicle, Hybrid Electric Vehicle, and Plug-in Hybrid Electric Vehicle), Battery Type (Lead Acid Battery, Nickel Metal Hydride Battery, and Lithium ion Battery), and Vehicle Type (Passenger Car, Commercial Vehicle, and Two Wheeler) – Global Opportunity Analysis and Industry Forecast, 2017-2030.

Aircraft Battery Market by Battery Type (Lead Acid Battery, Lithium Ion Battery, and Nickel Cadmium Battery), Power Density (Less than 300 Wh/Kg, and More than 300 Wh/Kg), Aircraft Type (Commercial Aircraft, Military Aircraft, and UAV Aircraft), Aircraft Technology (Traditional, Hybrid, and Electric), and Application (Propulsion, Auxiliary Power Unit, Emergency, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2030.

Space Battery Market by Type (Rechargeable and Non-rechargeable), Applications (Propulsion Systems, Communication & Navigation Systems, Fire Control Systems, Electro Optics & Thermal Imaging Systems, and Others) and Platform (Aviation, Land, Marine, Space, and Munitions): Global Opportunity Analysis and Industry Forecast, 2020–2030.

BMS Market by Battery Type (Lithium-Ion Based, Lead-Acid Based, Nickel-Based, and Others), Topology (Centralized, Distributed, and Modular), and Application (Automotive, Telecommunication, Consumer Electronics, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Colostrum Market Business Opportunity And Future Growth Analysis Report 2026

Increased demand for colostrum enriched nutraceutical is anticipated to boost the demand and help market expansion. Bovine colostrum is rich in antimicrobial factors, immunity, and growth, which stimulates tissue growth and maturation immune functions and digestive system. Bovine colostrum is enriched nutraceutical that helps prevent infectious diseases in children and adults.

Fortification of colostrum in probiotic yogurt and infant formulas to present lucrative opportunity to the engaged stakeholders in the colostrum market worldwide. Colostrum adds multiple advantages to the probiotic yogurts, which includes improvement of the sensory characteristics namely, appearance, flavor, color, and texture to name a few. There are some alternatives for colostrum in the market. These include protein powder, avocado powder, and almond powder, which might act as a potential alternative for colostrum. Potential alternatives available for the colostrum market are much more cost effective and readily available posing a major challenges for the growth of the colostrum market.

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Global market for colostrum products is dominated by companies such as La Belle Inc., The Saskatoon Colostrum, Ingredia Nutritional, Biotaris B.V., NIG Nutritionals, Biostrum Nutritech, APS BioGroup, Good Health NZ Products Ltd., Sterling Technology, Cuprem Inc., and some other well-established firms.

Key Benefits For Stakeholders:

  • This report provides a quantitative analysis of the current trends, estimations, and dynamics of the colostrum market from 2018 to 2026 to identify the prevailing market opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global industry. The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
  • The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.

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Key Market Segments & Key Market Players

Segments           

By PRODUCT     

WHOLE COLOSTRUM POWDER

SKIM COLOSTRUM POWDER

SPECIALLY COLOSTRUM POWDER

By FORM            

LIQUID

POWDER

CAPSULE

By DISTRIBUTION CHANNEL        

DEPARTMENTAL STORE

MODERN TRADE

ONLINE SALES CHANNEL

OTHERS

By END USER     

HUMAN FOOD

ANIMAL FEED

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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.